US still working through the backlog of data Monday is a holiday in NY and a light calendar day world wide.  Other than that, the US is still working through the backlog of data.  So some of the releases are still “old news”.  What’s on tap: Tuesday: Australia Monetary Policy Meeting minutes, 0030 GTM/7:30 PM
President’s Day will be observed on Monday The US will observe Presidentd Day on Monday. That means government offices will be shuttered (no it is not because of the budget this time unless there is a weekend shock on the budget deal) as well as banks, the US stock and bond markets. The forex market
Understand the mood of the market Emotions are the key to understanding financial markets. However, it’s tough to make rational decisions based on them. Even if you think you read your emotions or other peoples emotions, you may get lost in trying to comprehend the feelings of the crowd. And the market sentiment is the
Stocks doing well though The NA session has mixed data released and that is contributing to a lot of chop. Remember it is Friday too.  In the US: Empire manufacturing was better than expected Export/import prices were lower than expected Industial production and Cap. Utilization were both weaker than expectation Univ. of Michigan sentiment for
A small snippet on the euro via Morgan Stanley, which raises a curious question, for me at least: EURUSD bears have struggled to push the pair below 1.12 Traders should remember that the RMB plays a key role here, and sentiment is overly bearish especially when China’s January trade figures significantly outperformed expectations MS make a
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;