June 4, 2012
- in Uncategorized by schooloftrade
UK Holiday, Another big opportunity ahead in the US Markets
Every new trading day is another opportunity to learn from LIVE price action. Professional traders appreciate the value of their education when they use the live markets because the ‘unknown’ is the best teacher. When we use hindsight to analyze the markets our minds can ‘cheat’ and think ahead. When professionals watch LIVE price action they don’t know what will happen next, because of that they need to think quickly, making if/then statements, and anticipating where price may go next. Simply put, when we watch LIVE price action we get better every day in real-time. Take the time today to organize your schedule so you can ALWAYS be watching the LIVE price action, it will always be the best teacher. —————————————————————————————
The James’ Report: Day Trading Strategies for Professional Traders
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What happened Overnight:
– UK markets closed today and tomorrow (Jun 4-5th) for Queen’s jubilee
– German Chancellor Merkel proposing master plan towards fiscal integration with a road map planned for Jun 28-29th EU Leader summit
– Market sentiment focusing on political paralysis and Fridays NFP disappointment.
– Greece has 2-week blackout period on polls ahead of Jun 17th election
– Seasonal factors aids Spanish Unemployment data
– German Chancellor Merkel proposing master plan towards fiscal integration with a road map planned for Jun 28-29th EU Leader summit
– Market sentiment focusing on political paralysis and Fridays NFP disappointment.
– Greece has 2-week blackout period on polls ahead of Jun 17th election
– Seasonal factors aids Spanish Unemployment data
– European equity indices opened the session broadly lower, with the FTSE 100 being closed in observance of the Queen’s Diamond Jubilee. Today’s losses have been led by the German DAX, amid losses in the auto sector. The Spanish IBEX-35 has outperformed, as data showed that unemployment declined in the month of May. Most European banks are higher by 1-4%, although shares of Commerzbank have lagged. Spanish and Italian banks have had the best gains, amid the decline seen in peripheral government bond yields. Looking ahead, rate decisions out of Australia (RBA), UK (BoE) and ECB are expected to be the focal points of trading for the week, in addition to any commentary out of the US Fed about the outlook for policy. Fed Chairman Bernanke is due to comment on the economic outlook on Thursday, June 7th.
