October 16, 2012
- in Uncategorized by schooloftrade
Consumer Prices, Industrial Production, OPEX Week Prep
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The James’ Report: Day Trading Strategies for Professional Traders
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OBSTACLE OF ONE: Those who overcome others have strength, and those who overcome themselves have power. Many times, the biggest obstacle standing in the way of our goals is ourselves, and we can use simple techniques to solve this issue. Take the time today to step back, think about the things occurring in your daily routine, and how you can make small adjustments to make them work more effectively. As professional traders we are always battling our emotions. We know what our job is every day, yet we sometimes sabotage this job by letting our emotions, fear and greed do the thinking for us. Take a step back today and find ways to turn the people and resources around you into valuable assets. Take the time to study your emotions and empower yourself to make small adjustments to your daily routine to increase efficiency, eat healthy, get enough sleep, and keep family in your focus. There are millions of little things that can be changed in our daily lives to give us the advantage over our biggest competition, which lies within ourselves. News from Europe & Asia for US Morning Session:
– New Zealand inflation 13 yr lows and below the central bank target
– RBA minutes hint of room to further lower rates
– ESM putting its funds to work in the short-end of the market
– Risk on sentiment continued to brew helped by an FT report that Spain was considering requesting a line of credit from the ESM bailout mechanism
– UK Sept CPI at lowest level in 3-year and slightly above BOE target
– Spain sells more than the indicated amount at its Bill auction with slightly lower yields
– German ZEW Survey mixed while ZEW economists noted that ECB OMT bond buying program had not improved sentiment for the Euro area
– RBA minutes hint of room to further lower rates
– ESM putting its funds to work in the short-end of the market
– Risk on sentiment continued to brew helped by an FT report that Spain was considering requesting a line of credit from the ESM bailout mechanism
– UK Sept CPI at lowest level in 3-year and slightly above BOE target
– Spain sells more than the indicated amount at its Bill auction with slightly lower yields
– German ZEW Survey mixed while ZEW economists noted that ECB OMT bond buying program had not improved sentiment for the Euro area
– European bourses are broadly higher, tracking yesterday’s gains in the US equity markets. So far, today’s upside has been led by the Spanish IBEX, as Spain sold bills at lower yields. Banks are mostly higher and outperformers include BNP, Commerzbank, Deutsche Bank and Lloyds. Resource related firms are trading higher, amid the rise in commodity prices.
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