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, September 8, 2013
Looking Ahead: September 9 through September 13, 2013
The Reserve Bank of Australia, European Central Bank and the Banks of Canada, Japan and England refrained from changing their respective monetary policies. Economic data were mixed with August PMIs showing improvement for the most part. Investors continue to wait to see what the Federal Reserve’s next policy move will be.
The upcoming week will feature the monthly plethora of data from China including August consumer and producer prices, industrial output, merchandise trade and retail sales. Both the UK and Australia report labour market data. But investors will also be monitoring the situation in Syria and of course FedSpeak for the last clues before the pre-FOMC meeting blackout period.
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