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, January 13, 2013
Looking Ahead: January 14 through January 18, 2013
It was a mostly quiet week with no new news from either the Bank of England or the European Central Bank. The Bank of Korea also maintained the status quo. European economic data centered on monthly merchandise trade and industrial output data. German manufacturing orders and industrial output disappointed as did UK industrial and manufacturing output.
The spate of merchandise trade and output data continues this week. The pace of new data releases in the Asia Pacific region picks up as China releases its fourth quarter growth data along with key industrial production and retail sales data for December. Australia’s labour force survey will attract wide interest in the financial markets as well.
Tuesday, January 8, 2013
Looking Ahead: January 7 through January 11, 2012
Investors focused on the budget negotiations in the U.S. as the old year wound down. They staged a relief rally when an agreement on taxes was reached. However, no agreement was reached on spending cuts and the debt ceiling. The negotiations will continue.
The Bank of England and the European Central Bank will meet Thursday. No policy change is anticipated from either Bank. New economic data revolves around international trade and industrial production for the most part.
Thursday, January 3, 2013
Tuesday, January 1, 2013
Happy New Year!
Wishing everyone a Happy New Year! Better health, happiness, and better trading. Cheers!
Sunday, December 23, 2012
Looking Ahead: December 24 to December 28, 2012
U.S. budget negotiations dominated the headlines while economic data barely got a glance. The Bank of Japan met and acceded mostly to the wishes of the prime minister elect who will take office on December 26th after a parliamentary vote. The December 24th week is a quiet one with only Japan releasing its monthly slew of reports for November. However, activity will pick up the following week in the New Year.
Best wishes for a happy holiday season and New Year.
Monday, December 17, 2012
Looking Ahead: Week of December 17 through 21
The economy is bumping along on a low but positive trajectory. The consumer sector somehow keeps showing more life than you might expect. Manufacturing is sluggish but not negative. And the Fed has been extremely creative in keeping rates low and liquidity in the financial markets. Still, resolution of the fiscal cliff is needed—preferably by Christmas but many would be happy to merely beat the January 1 deadline.
Upcoming news is loaded with data on manufacturing, housing, and the consumer. Hurricane Sandy has caused sharp down and up swings in production numbers but net still soft. So, regional Fed manufacturing news from New York, Philadelphia, and Kansas City will garner attention. Housing has been on a moderate uptrend and traders want to see housing keep the recovery going. Updates are posted for housing starts and permits, and existing home sales. The consumer sector recently has been mixed with spending moderately healthy but sentiment dropping, suggesting spending is at risk. This week’s updates include personal income and outlays and consumer sentiment.
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