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.
Sunday, August 11, 2013
Looking Ahead: August 12 through August 16, 2013
The news once again, revolved around central bank activities. Economic data were mostly positive in the UK and in China but mixed in Canada. Investors continued to focus on the Federal Reserve and when it will begin to taper bond purchases.
There are no major central bank meetings scheduled for this week and the Bank of Japan and Bank of England meeting minutes are expected to give little illumination to policy going forward. It is vacation time in Europe and things will quiet. The major event will be the release of flash estimates of GDP for Eurozone members. Japan will also release its first estimate of second quarter GDP.
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