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, April 21, 2013
Looking Ahead: April 22 through April 26, 2013
After an initial scare Monday afternoon and into Tuesday’s Asian trading session, the bombing at Boston’s marathon appeared to have little influence on the global financial markets. Investors sold because they were disappointed by a combination of economic and earnings data that did not meet expectations.
The calendar is heavy with market moving events next week including the all-important flash PMI indexes for China, Japan, Eurozone, Germany, France and the U.S. And the UK will release its first estimate of first quarter growth.
Sunday, April 14, 2013
Looking Ahead: April 15 through April 19, 2013
Most equities advanced last week mostly thanks to central bank largesse in Japan and the U.S. Economic data were mixed including those released in the U.S. including jobless claims and retail sales. The new week begins with China’s gross domestic product for the first quarter along with March industrial production and retail sales. Bank of England watchers will parse the minutes of its meeting held earlier this month. With a split vote in the Monetary Policy Committee, watchers will look to see if those who would like to see increased quantitative easing are winning any converts to their position.
Sunday, April 7, 2013
Looking Ahead: April 8 through April 12, 2013
Three central banks preferred to keep their respective monetary policies unchanged, but the Bank of Japan startled investors by introducing a more expansive stimulus package than most anticipated. Economic data were mostly disappointing, especially data from the Eurozone. U.S. employment data also disappointed. Perhaps employers were holding back thanks to the looming sequester than lingered throughout the month.
This week is expected to be slower and calmer than last week even with the earnings season beginning in the U.S. Most data releases revolve around industrial output and merchandise trade. China begins releasing its spate of March economic data including consumer and producer price indexes and international trade.
Sunday, March 31, 2013
Looking Ahead: April 1 through April 5, 2013
Front and center last week were the crises in Cyprus and Italy. While Cyprus agreed to a restructured bailout package, the political impasse in Italy remains with no solution in sight.
The Reserve Bank of Australia, Bank of England and European Central Bank announce their respective monetary policy decisions. However, the focus will be on the Bank of Japan and the first announcement from new governor Haruhiko Kuroda. Expectations are high for aggressive moves to finally hoist the economy from its malaise and defeat the over 15 years of deflation. Elsewhere, investors will be monitoring the plethora of purchasing managers’ indexes globally but especially from China, the Eurozone and the U.S. The week draws to an end with the U.S. employment situation report.
Sunday, March 24, 2013
Looking Ahead: March 25 through March 29, 2013
The turmoil over Cyprus trumped economic news including the FOMC announcement on Wednesday. At this writing, negotiations continue in an attempt to reach a package by Monday — the day the ECB said it will stop supporting Cyprus. The Federal Reserve left its policy unchanged. Economic data for Europe disappointed but did not for the U.S.
The last week of the month brings its usual spate of new economic data especially from Japan. February unemployment, consumer prices, industrial output and consumer spending are on the calendar. It is also the last week of the first quarter of 2013 and the end of Japan’s fiscal year.
Subscribe to:
Posts (Atom)