July 10, 2012
- in Uncategorized by schooloftrade
European equity indices opened session higher and are continuing to gain
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The James’ Report: Day Trading Strategies for Professional Traders
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The Golden Rule: Never assume today will be just like yesterday, or that your favorite market will be just as volatile. Instead, focus on understanding why price moves up and down on a chart. Focus our attention on learning price action, supply and demand, and the many ways buyers and sellers can take/lose control over the short-term-trend. Take the time to get to know the market personality of your favorite market, while focusing on learning a trading method that can be applied to any liquid market so you control your own destiny, and you’ve won half the battle.—————————————————————————————
News from Around the Globe Overnight:
– China June trade surplus higher than expected, as imports were lower than expected
– European industrial production data was mixed (UK, Sweden, and Italy better than expected, France weaker than expectations)
– UK May manufacturing production has strongest rise since May 2011, supported by an additional working day.
– Spanish equities have gained, as the country’s 10-yr bond yields have declined to below 7%, after EU officials agreed to relax the country’s deficit targets and provided additional details related to the bank rescue plan. Spain 2-year yields decline by over 15bps.
– Italian 10-yr yield moves below 6%, amid the release of better expected industrial production data
– EUR/USD trades within prior sessions range.
– Swedish Krona hits highs not seen since 2000 vs Euro, following the release of production data
– EUR/JPY hits 5-week low
– The Netherlands sale of 3-year debt came in at the low end of expectations, as the securities were issued at record low yields.
– German automaker Volkswagen made cautious comments about the H2 outlook for Europe.
– European industrial production data was mixed (UK, Sweden, and Italy better than expected, France weaker than expectations)
– UK May manufacturing production has strongest rise since May 2011, supported by an additional working day.
– Spanish equities have gained, as the country’s 10-yr bond yields have declined to below 7%, after EU officials agreed to relax the country’s deficit targets and provided additional details related to the bank rescue plan. Spain 2-year yields decline by over 15bps.
– Italian 10-yr yield moves below 6%, amid the release of better expected industrial production data
– EUR/USD trades within prior sessions range.
– Swedish Krona hits highs not seen since 2000 vs Euro, following the release of production data
– EUR/JPY hits 5-week low
– The Netherlands sale of 3-year debt came in at the low end of expectations, as the securities were issued at record low yields.
– German automaker Volkswagen made cautious comments about the H2 outlook for Europe.
– European equity indices opened session higher and are continuing to gain, supported by better than expected industrial production data out of Italy and the decline in peripheral bond yields. Banks and resource-related companies are trading broadly higher.
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