April 2, 2012
- in Uncategorized by schooloftrade
Tale of varying PMI data in both the Far East and Europe; Italy and Euro Zone unemployment at record levels
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The James’ Report: Day Trading Strategies for Professional Traders
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No two paths to successful trading are identically the same for a trader, and professional traders must understand that in order to get to the pinnacle of their own personal trading career they must eventually take their own path to the top as well. We all begin at the same place, the bottom of the mountain we must climb to reach our trading goals, and along the way we use the paths of others to help us get acclimated with the altitude, but in the end, the finish is always a journey that we do on our own.
***Notes/Observations from around the world***
– European equity markets reverse earlier gains as Trading desks pick up on earlier reports that the German Bundesbank might have strated to refuse as collateral bank bonds from Ireland, Greece and Portugal. However, Germany later denied such speculation and noted that it continued to accept all euro zone sovereign Bonds
– China’s manufacturing PMI was mixed with HSBC number coming in lower than expected while the official reading was higher.
– China’s manufacturing PMI was mixed with HSBC number coming in lower than expected while the official reading was higher.
– Some of Europe’s Big Banks prepare to pay back part of LTRO loans
– China PMI Manufacturing was mixed (official one better while the HSBC was below expectations)
– Japan’s Tankan Survey disappoints
– Norway Oil Fund plans to increase exposure in the Americas and Asia/Oceania while cutting Europe bond holding to 40% from 60%
– European Manufacturing PMI data mixed throughout the session. German at 4-month lows while France at 33-month lows
– China PMI Manufacturing was mixed (official one better while the HSBC was below expectations)
– Japan’s Tankan Survey disappoints
– Norway Oil Fund plans to increase exposure in the Americas and Asia/Oceania while cutting Europe bond holding to 40% from 60%
– European Manufacturing PMI data mixed throughout the session. German at 4-month lows while France at 33-month lows
