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Jobless Claims, Philly Fed Survey on our Radar today
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THE MEANING; Professional traders understand that everything in the markets we trade has a reason and a purpose. Price never moves without a reason, and every time someone enters or exits the markets there is a purpose. As new traders we seem to always be trying to figure out why prices is moving higher or lower, but as we gain experience watching these markets with consistency we begin to easily discover that different market personality and nuances that every market goes through. Take the time today to listen to the market you’re trading. Step back for a moment and think about what the market is telling you, what the reason is for price rising, and why traders are getting in or out of the market at certain points on your chart.
– German Bundesbank said to expand holdings of AUD assets by end of Sept
– EU funds not for Spain bank recapitalization might be used to buy public debt
– Corn, Soybean futures trading at record highs as US drought continues
– UK June retail sales come in below expectations
– Spain auction results described as soggy with higher yields and lower bid-to-cover rations
– France funding costs plummet at BTAN auction
