The foreign exchange market is the virtual location where global currencies are traded. The first two days of the trading week were highlighted by reduced trading volume as the East Coast braced for a winter storm. I do think we are not on the same page here. The goal here is to get the dealer to acknowledge anything that might justify accepting your offer. Making Money Or Not Losing It? To start viewing messages, select the forum that you want to visit from the selection below.
The Pattern Trader After closing last week with three consecutive losses, the stock market returned to its winning ways on Monday. The financial sector had a hand in the bullish bias, shooting 1. However, financials left investors scratching their heads, yet again, on Tuesday and Wednesday after a pair of upbeat earnings reports from Bank of America BAC and Morgan Stanley MS sent the financial sector back towards its flat line for the week. To be fair, Goldman Sachs GS did disappoint with misses on top and bottom lines, however, the lone report did little to change the overall tone of the earnings season, which has been mostly positive for financials.
Crude oil was a guilty party on Wednesday, dropping 3. In addition, angst on the geopolitical front, especially in regards to the French presidential election, lingered throughout the week. Progress on health care reform has been elusive, but it would be a positive for investors as it should clear the way for more comprehensive tax reform. The first round of the French presidential election, which will narrow the race to two candidates, kept the bulls at bay on Friday.
Far-right candidate Marine Le Pen and far-left candidate Jean-Luc Melenchon, both of which have expressed interest in France leaving the European Union, are two of the top four hopefuls vying for the final round, giving some investors angst regarding the future of the single market. French citizens will take to the polls on Sunday.
However, the up-and-down action led to a dip in rate hike expectations; the fed funds futures market points to a Market participants now point to July as the most likely time for the Fed to announce the next rate hike with an implied probability of This could suggest a flight to short term safety as investors looked to the shorter maturities as a hedge against the coming month of May and weak earnings after the poor showing from the financial in the past week.
The big name industrials are also announcing their results which could provide some insights into whether this industrial purple patch will continue the run up the charts in the coming quarter. The week after this wk 18 is typically bearish as we kick off the month of May, notorious for having the worst sell-off of any month.
Be mindful of your bullish positions as we head into the end of the week. North Korea took center stage at the beginning of the week after the U. Navy ordered the Carl Vinson Strike group towards the Korean Peninsula. The conflict in Syria took precedence on Wednesday as U. Secretary of State Rex Tillerson made a stop in Moscow. Tillerson met with Russian President Vladimir Putin, despite earlier reports that the U.
Nonetheless, the two countries agreed to establish a working group to iron out their issues. All three companies reported better than expected earnings, but were mixed when it came to revenues; JPM and C beat top line estimates while WFC fell short. However, the banks were unable to capitalize on the upbeat reports, which acted as a discouraging signal to forex forum trader used trucks broader market. The VIX index now sits at its highest level since forex forum trader used trucks presidential election.
The lingering geopolitical issues led to a notable dip in rate hike expectations. The fed funds futures market ended the week pointing to a The decline in yields was consistent throughout the week as investors ran into safety during a shortened week of geopolitical uncertainty. Agriculture Closing Prices all closed higher for the week, snapping a three week losing streak: THE WEEK AHEAD The coming week is the first of two of the most bullish consecutive weeks in the market — weeks 16 and 17 — for most equity issues.
Such trepidation usually becomes unfounded as the facts unfold and any little good news will rally the markets in a huge way. The only concern for me is earnings as no less than a third of the DOW components put their numbers on the line this week. I am not expecting downside surprises but I will be watch the language for any forex forum trader used trucks of hawkishness moving forward.
And looking at the way the week ended, me might get another one on Monday. The benchmark index bounced around a point range before locking in a modest weekly loss Geopolitical developments were in focus from the jump. On Monday, President Donald Trump was quoted as saying he is ready to act alone on North Korea if China does not change the current situation on the Korean peninsula. North Korea was back in the headlines on Wednesday when it conducted another missile test.
The geopolitical conversation did not end there. On Friday morning, participants learned that the U. Navy conducted an overnight strike against the Shayrat airbase in Syria, which was deemed responsible for a chemical attack that was reportedly conducted on Tuesday. The action was supported by several U. In addition to the geopolitical developments, participants received the latest Employment Situation report, which was a disappointment.
Only 98, nonfarm payrolls were added in March, which was a far cry from the Briefing. Average hourly earnings increased 0. As for rate hike expectations, the fed funds futures market does not expect a rate hike to be announced in May 4. March nonfarm payrolls increased by 98, Briefing. April began with a whimper instead of living up to its reputation of being the most bullish week of the month. This is yet another sign that not all is well nor normal with the market this year.
However, I am impatient for weeks 16 and 17 which have been reliably bullish over the years. If the market is to return to normal, weeks 16 and 17 should give the bulls something to cheers about. And it is not over yet … the madness and busyness is going to carry into April. But I am not complaining! I am loving it!! March closed in a loss, its first lower month since October last year.
March has typically been a bullish month. Even inMarch closed as a Doji. However, March and have been bearish which is unusual. For about two weeks in March, the US market was arguably in the biggest bubble in stock market history, surpassing even the bubble. Such weakness amongst the mid-caps and small-caps usually accompany an overbought market and should not come as a surprise.
Such divergences amongst the major indices are foreboding signs of a bear market ahead. The last eleven years were up, includingwith an average gain of 3. April is the first month ever to have seen a point gain on the DOW forex forum trader used trucks This April has 19 trading days and one public holiday. It is the start of Quarter 2 and the beginning of Earnings Season for Q1 results.
April Trivia So the bubble brews on and the world holds its breath for the next big drop. Will it happen in April, historically the most bullish month of the year? Sunday 09 April, from am to pm. Public Admission Fee: RM Pattern Trader Graduates: F. PJ Trade Centre, B The iSpace Venue Chicago Training Room For bookings, costs and queries, Drop an email to: ptradermy akltg.
This marked the fourth weekly decline of and was the largest weekly drop since early November. There was no noteworthy earnings or economic news to digest, and the impending House vote forex trading double bottom z ro the plan to repeal and replace the Affordable Care Act led to caution among participants. The industry group stumbled as the yield curve continued flattening in a manner that contradicts the pro-growth narrative that accompanied the stock market on its charge to a fresh record.
Furthermore, the prospect of health care reform making its way through the legislative process dimmed as the week went on. The House of Representatives was scheduled to take part in a Thursday vote, but that vote got put on hold and cancelled on Friday afternoon due to a lack of support. Investors are acutely aware that a delay in passing health care reform means that tax reform will also need to wait.
Although the week was quiet on the economic front, it is worth noting that February Existing Home Sales 5. The Durable Orders report caused the Atlanta Fed to nudge its GDPNowcast for the first quarter up to 1. Taking a look at rate hike expectations, the fed funds futures market spent the week pointing to a One week ago, the fed funds futures market showed a The major averages opened Friday with modest gains as investors were cautiously optimistic that the American Health Care Act would pass in the House.
In the end, the health care bill was pulled from consideration and the major averages finished mixed. So is the final week of March going to be bullish or bearish? Traditionally, The last week of Q1 should see a modest amount of Window Dressing that should rally the market. With earnings season two weeks away, I reckon not many will be ready to chance it and the stats quo should prevail. After snapping a streak of six consecutive weekly gains, the stock market returned to its winning ways.
The index is now up 9. The first two days of the trading week were highlighted by reduced trading volume as the East Coast braced for a winter storm. In addition, the looming FOMC rate decision contributed to reduced activity. On Wednesday, the Federal Open Market Committee raised the federal funds target range by 25 basis points to 0. This move was widely-expected going into the day of the announcement, but investors were somewhat surprised to see the Forex forum trader used trucks maintain its measured outlook.
The central bank nudged up its median target rate for the end of to 3. It is worth noting that the Fed tightened policy at a time when growth forecasts have shifted lower. The Federal Reserve Bank of Atlanta now expects that first quarter GDP will be up only 0. To be fair, first quarter GDP readings have a known tendency to underperform the remaining three quarters. The fed funds futures market sees almost no chance of a hike in May 6. Looking at the remainder of the year, the fed funds forex bollinger band trading system zero market sees a pause into the second half, currently expected to conclude in December when the range should be boosted to 1.
On Friday, defying the spirit of St. Friday saw a handful of economic reports, including February Industrial ProductionFebruary Leading Indicatorsand the University of Michigan Consumer Sentiment Index for March, but their influence was minimal: Bonds yields fell for the week with the belly of the curve taking most of the decline. It was the highest jobless rate since the Forex forum trader used trucks quarteras more people entered the labour force while layoff went up the most since the June quarter In the three months to December, the jobless rate for residents were up to 3.
Some 5, workers were laid off, up from 4, workers in the September quarter and was the highest since Q2 5, The rate of re-entry among residents made redundant rose for the second straight quarter. About 52 percent of residents made redundant in the third quarter of secured employment by Decemberup from 49 percent from the previous quarter. Job vacancies decreased to 44, from 53, in the September quarter and was also lower compared to the same period a year earlier 50, Reflecting seasonal hiring for year-end festivities, total employment grew in the fourth quarter of 2,compared to a contraction in the forex forum trader used trucks quarter -2,but growth was lower than the fourth quarter 16, For fullthe annual average unemployment rate increased to 2.
It was the highest annual jobless rate since Unemployment among resident went up to 3. The increase was broad based across most age and education groups. Forex forum trader used trucks employment in increased by 8, the lowest growth sinceThrough and going back to endI mentioned in my posts and public talks that I expected a long-term slow-down in the coming years as opposed to a market crash.
This meant that any sort of recession or slow down was going to hit the economy more than the market and that the general population would hurt more than those in the markets. Crash-type recessions tend to hurt the market players more than the general population in most cases. Since then, every recession has been a quick crash-styled downturn that came back relatively quickly. On the Little Red Dot, the three-year Dot. This only served to put us deeper in denial of what a real slow down means.
As of writing this, I am vindicated. These days, slowly but surely, more and more are starting to realise what this all means. The luxury cars have been accumulating at the second-hand lots as many begin to default on their payments. Property prices had fallen for 13 straight quarters and it remains to be seen if this one-month rise in real estate prices has a rebounding effect. The frightening fact is that the pain may not yet be fully manifested as people flocked to buy properties upon the easing of some measures and snapped up cars as soon as COEs made a modest dip.
Landlords also remain stubborn to their high yield demands, preferring to keep their properties vacant than yield less. Such behaviour is not that of an economy in full recession yet. It could be because some have made a wealthy harvest over the last seven years and are good for it … for now. However, the rate of borrowing, spending and savings amongst the general population of the Little Red Dot are not in-line with the behaviour of a truly healthy economy.
For some, that pain is already obvious and showing clearly. NOTICE: Monday 13 MarchUS markets will open at pm SG. That seemed to be alright with investors as they pushed the major averages higher to finish a slightly disappointing week on a positive note. After posting six consecutive weekly gains, the stock market saw its third weekly decline of The trading week started on an unassuming note with stocks showing limited reaction to a proposal put forth by House Republicans to replace the Affordable Care Act.
President Donald Trump spoke favorably about the proposal, but Republicans in Congress have yet to fully support the effort, which has led to concerns that slow progress on the health care front would stymie corporate and personal tax reform, which the market has been anxiously awaiting. Equity indices inched lower through the first three days of the week, but on Wednesday, it was crude oil that stole the attention, falling more than 5. The energy component snapped out of a five-point range that has held since the start of the year, responding to the news of yet another significant inventory build.
Oil lost more than 9. The ECB made no changes to policy and did not hint at impending tightening even though the GDP growth forecast for the Eurozone was nudged up to 1. It is worth noting that reports that circulated on Friday suggested the ECB may begin raising rates prior to the end of its asset purchase program.
As for the Fed, the central bank is now widely expected to announce its next rate hike on March 15 after the Employment Situation report for February did not upset the overall economic picture. With the report showing the addition ofpayrolls, headline expectations Briefing. The CME Fed Watch Tool now assigns an implied probability of The Federal Reserve will announce its decision on Wednesday at pm ET.
Thus, I will be booking profits before the forex forum trader used trucks just in case. Pattern Trader Tutorial SG. Pattern Trader Tutorial 10th Edition Syllabus. Pattern Trader Tutorial Malaysia Syllabus. Pattern Trader Workshops Graduates Only. EducationMain PageMarket Matters Comments Off on Weekly Market Update — 17 April BMO. Posted by Conrad Dow Jones. EducationMain PageMarket Matters Comments Off on Weekly Market Update — 10 April BMO.
With the market being so overbought and yet still so enthusiastic about making new highs, I thought it was worth an exercise to see if there are any big cap stocks that are still undervalued. And most of these are good to go in the bullish month of April. EducationMain PageMarket Matters Comments Off on March Review, April Preview. EducationMain Page Comments Off on Weekly Market Update — 27 March BMO.
EducationMain PageMarket Matters Comments Off on Smart Expo EducationMain Page Comments Off on Weekly Market Update — 20 March BMO. Source: Ministry of Manpower. EducationMain PageMarket Matters Comments Off on Weekly Market Update — 12 March BMO. Posted by Conrad U. Benchmark Indices — Mon forex forum trader used trucks to Fri 10 March, EducationMain PageMarket Matters. Trades in the U.
Adam Khoo Learning Technologies Group. Two 1 Forex forum trader used trucks, One Top 10 Best-Seller. PTT89, Apr 20 to 24, 28 to 30, PTT91, August 18 to 20, 25 to 27, PTTMY35, May, PTTPG06, Aug 30 to Sep 04, Weekly Market Update — 24 April BMO. Weekly Market Update — 17 April BMO. Weekly Market Update — 10 April BMO. March Review, April Preview. Weekly Market Update — 27 March BMO. Weekly Market Update — 20 March BMO. Weekly Market Update — 12 March BMO. What My Traders Think About PTT. Why I Still Teach Choose - It Makes You.
The Purpose Of Life. If You Talk The Talk, Then Walk The Walk. Keeping Your Money Safe. Recessions Are No More? I Am A Bear. Trading As A Main Income. Defensive Trading - Lesson 1. Defensive Trading - Lesson 2. Defensive Trading - Lesson 3 Pyramid. Defensive Trading - Lesson 4. Defensive Trading - Lesson 5. Defensive Trading - Epilogue. Trading Is A Skill. Novice Versus Seasoned - Part 1.
Novice Versus Seasoned - Part 2. Why I Don't Trade Gold. Why Traders Fail - Part 1. Why Traders Fail - Part 2. Why Traders Fail - Part 3. Making Money Or Not Losing It? Beware The Top-Of-The-Market Gurus. Conrad is the 1 Best-Selling Author of Mike Li Yi Chuan. Pattern Trader Forum Ori. Adam Khoo Learning Technologies Group.
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