We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Saturday, July 6, 2013
Looking Ahead: July 1 through July 5, 2013
Equities stabilized and mostly gained in the last week of the month and quarter. However, the gains could not offset the selloff that occurred earlier in the month. Most indexes were down for the month of June and the quarter.
The coming week features the usual first week of the month central bank meetings — the Reserve Bank of Australia, the Bank of England, and the European Central Bank. No policy changes are expected. For the BoE, it will be the inaugural meeting for its new governor and former Bank of Canada governor, Mark Carney. Also featured are the various PMI indexes. In Japan, the closely watched Tankan survey will be carefully studied for any positive effects of Abenomics and the Bank Japan’s stimulus program. And in the U.S., the employment situation report will be released on Friday.
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