Creamed!– The popular coffee retailer announced its longer-term strategy yesterday which includes the closing of 150 company-operated stores. The alarming trend hints that growth may be topping despite trying to enter new markets like China. Same store sales are expected to dip by 1% in the current quarter as the recent negative publicity may be taking its toll. On a bright note, the company will hike its dividend by 20% to $0.36 a share. SBUX shares took a 3% hit after-hours to slip into the red for 2018.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Wednesday, June 20, 2018
Thursday, May 17, 2018
Changing your trading style
In fast moving markets this will happen especially if news has broke that influenced the direction of the market. Stock and forex trading is risky so the losses you take should be small if you stick with a solid trading plan and know where to set stop losses. Changing your trading style from hitting the buy button and sell button and moving in and out of positions will lose you money in the long run. You need to look at your position and adjust your buy and exit strategies accordingly. As a trader, you are not guessing on where the trade might be going whether it is a long or short trade, so you are not taking a risk it is not gambling it is a well thought out trade.
A profitable forex or stock trader mental attitude is most important. They have to have a positive outlook on all their trades. This will make you a successful and profitable trader. One of the important parts of not having to many losing trade is the technical analysis and reading your charts correctly. Experienced traders and investors in the markets must use technical analysis as part of their trading program.
A profitable forex or stock trader mental attitude is most important. They have to have a positive outlook on all their trades. This will make you a successful and profitable trader. One of the important parts of not having to many losing trade is the technical analysis and reading your charts correctly. Experienced traders and investors in the markets must use technical analysis as part of their trading program.
Tuesday, May 15, 2018
LONDON OPEN TRADE STRATEGY
Thursday, April 26, 2018
USD/CAD
USD/CAD showed little movement in the Asian session. The pair recorded slight gains but then retracted in European trade
- 1.2757 is providing support
- 1.2850 was tested earlier in resistance. It is a weak line
- Current range: 1.2757 to 1.2850
- Below: 1.2757, 1.2687 and 1.2590
- Above: 1.2850, 1.2943, 1.3015 and 1.3125
USD/CAD ratio is showing little movement in the Thursday session. Currently, short positions have a majority (53%), indicative of slight trader bias towards USD/CAD takes next.
Tuesday, February 20, 2018
Canadian dollar has recorded slight losses
Canadian dollar has recorded slight losses in the Tuesday session. Currently, USD/CAD is trading at 1.2606, up 0.37% on the day. On the release front, it’s a very light day. There are no US releases on the schedule. The sole Canadian indicator, Wholesale Sales, is expected to slow to 0.4%. On Wednesday, the Federal Reserve will release the minutes of its January meeting. As well, the US will release Existing Home Sales.
It’s been an eventful few weeks for Jerome Powell, who has just commenced his stint as chair of the Federal Reserve. Strong US data in recent weeks has raised speculation that the Fed may need to accelerate the pace of interest rate hikes in 2018. The Fed is currently projecting three rate hikes this year, but if inflation continues to move upwards, many analysts are expecting that the Fed could press the rate trigger four, or even five times in 2018. Meanwhile, concern over higher inflation and more rate hikes sent the stock markets into a frenzy earlier in February. Powell sought to reassure the markets that the Fed was monitoring the situation, but it’s doubtful that the Fed can do much to prevent volatility in the markets.
USD/CAD has posted small gains in the Asian and European sessions
•1.2494 is providing support
•1.2630 is a weak resistance line
•Current range: 1.2494 to 1.2630
Further levels in both directions:
•Below: 1.2494, 1.2351, 1.2190 and 1.2060
•Above: 1.2630, 1.2757 and 1.2855
USD/CAD ratio is showing little movement in the Tuesday session. Currently, short and long positions are evenly split, indicative of a lack of trader bias as to which direction USD/CAD will take next.
It’s been an eventful few weeks for Jerome Powell, who has just commenced his stint as chair of the Federal Reserve. Strong US data in recent weeks has raised speculation that the Fed may need to accelerate the pace of interest rate hikes in 2018. The Fed is currently projecting three rate hikes this year, but if inflation continues to move upwards, many analysts are expecting that the Fed could press the rate trigger four, or even five times in 2018. Meanwhile, concern over higher inflation and more rate hikes sent the stock markets into a frenzy earlier in February. Powell sought to reassure the markets that the Fed was monitoring the situation, but it’s doubtful that the Fed can do much to prevent volatility in the markets.
USD/CAD has posted small gains in the Asian and European sessions
•1.2494 is providing support
•1.2630 is a weak resistance line
•Current range: 1.2494 to 1.2630
Further levels in both directions:
•Below: 1.2494, 1.2351, 1.2190 and 1.2060
•Above: 1.2630, 1.2757 and 1.2855
USD/CAD ratio is showing little movement in the Tuesday session. Currently, short and long positions are evenly split, indicative of a lack of trader bias as to which direction USD/CAD will take next.
Friday, February 16, 2018
Prices for foreign-made goods
Prices for foreign-made goods imported to the U.S. rose in January, driven by a broad range of product price increases and capping a week of solid inflation readings.
Import prices increased 1% in January from a month earlier, the Labor Department said Friday. Economists surveyed by The Wall Street Journal expected a 0.7% increase in import prices. The January rise matched November's increase and hasn't been exceeded since May 2016, when the index grew 1.2%.
Unlike most measures of inflation, import prices are not adjusted for seasonality.
Petroleum-import prices rose 4.3% from December. Prices for imports excluding petroleum increased 0.5% last month, an increase last exceeded in April 2011.
Over the past year, overall import prices have grown 3.6%.
Import prices increased 1% in January from a month earlier, the Labor Department said Friday. Economists surveyed by The Wall Street Journal expected a 0.7% increase in import prices. The January rise matched November's increase and hasn't been exceeded since May 2016, when the index grew 1.2%.
Unlike most measures of inflation, import prices are not adjusted for seasonality.
Petroleum-import prices rose 4.3% from December. Prices for imports excluding petroleum increased 0.5% last month, an increase last exceeded in April 2011.
Over the past year, overall import prices have grown 3.6%.
Thursday, February 15, 2018
USD/CAD ticked lower
USD/CAD ticked lower in the Asian session. In European trade, the pair dropped slightly but has recovered
•1.2351 is providing support
•1.2494 was tested earlier in resistance and remains fluid
•Current range: 1.2351 to 1.2494
Further levels in both directions:
•Below: 1.2351, 1.2190 and 1.2060
•Above: 1.2494, 1.2630, 1.2757 and 1.2855
USD/CAD ratio is showing slight movement towards long positions. Currently, long positions have a majority (53%), indicative of trader bias towards USD/CAD breaking out and moving lower.The Canadian dollar has paused on Thursday, after posting strong gains a day earlier. Currently, USD/CAD is trading at 1.2491, down 0.01% on the day. On the release front, Canada releases ADP Non-farm Employment Change. In the US, there are a host of indicators, highlighted by PPI and Core PPI reports for January. Both indicators are expected to record gains after declining in the December readings. The US will also release key manufacturing reports and unemployment claims. On Friday, the US releases key housing and consumer confidence numbers. Canada will publish Manufacturing Sales.
It’s been a rough February for the Canadian dollar, but the currency jumped on the bandwagon on Wednesday, as the US dollar posted broad losses. The Canadian currency posted its best one-day performance in 2018, gaining 0.09% against the greenback. The US dollar sagged as investors focused on poor retail sales reports in January. Retail Sales was flat at 0.0%, short of the estimate of 0.5%. Core Retail Sales declined 0.3%, well off the forecast of +0.2%. On the inflation front, CPI jumped 0.5%, above the estimate of 0.3%. Last week’s market sell-off, which sent the US dollar higher against other currencies, was triggered by fears of higher inflation. This strong CPI reading has raised concerns that investors could again lose their risk appetite and send the Canadian dollar lower.
•1.2351 is providing support
•1.2494 was tested earlier in resistance and remains fluid
•Current range: 1.2351 to 1.2494
Further levels in both directions:
•Below: 1.2351, 1.2190 and 1.2060
•Above: 1.2494, 1.2630, 1.2757 and 1.2855
USD/CAD ratio is showing slight movement towards long positions. Currently, long positions have a majority (53%), indicative of trader bias towards USD/CAD breaking out and moving lower.The Canadian dollar has paused on Thursday, after posting strong gains a day earlier. Currently, USD/CAD is trading at 1.2491, down 0.01% on the day. On the release front, Canada releases ADP Non-farm Employment Change. In the US, there are a host of indicators, highlighted by PPI and Core PPI reports for January. Both indicators are expected to record gains after declining in the December readings. The US will also release key manufacturing reports and unemployment claims. On Friday, the US releases key housing and consumer confidence numbers. Canada will publish Manufacturing Sales.
It’s been a rough February for the Canadian dollar, but the currency jumped on the bandwagon on Wednesday, as the US dollar posted broad losses. The Canadian currency posted its best one-day performance in 2018, gaining 0.09% against the greenback. The US dollar sagged as investors focused on poor retail sales reports in January. Retail Sales was flat at 0.0%, short of the estimate of 0.5%. Core Retail Sales declined 0.3%, well off the forecast of +0.2%. On the inflation front, CPI jumped 0.5%, above the estimate of 0.3%. Last week’s market sell-off, which sent the US dollar higher against other currencies, was triggered by fears of higher inflation. This strong CPI reading has raised concerns that investors could again lose their risk appetite and send the Canadian dollar lower.
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