This book will give you a better perspective of fundamental economic hence fundamental analysis.
Rapidshare.
Showing posts with label Market News.. Show all posts
Showing posts with label Market News.. Show all posts
Apr 22, 2009
Beyond Economic Growth
This book will give you a better perspective of fundamental economic hence fundamental analysis.
Rapidshare.
Mar 17, 2009
The Markets Never Sleep
The world's financial markets operate twenty-four hours a day. During virtually every hour of the day and night, someone, somewhere is trading—yet many U.S. traders seem oblivious to that reality, focusing only on the day markets in Chicago and New York.
Beginning the trading day with the opening bell of the NYSE, says veteran trader Thomas Busby, is like showing up for your eight-to-five job around two in the afternoon—you are very late. As he explains, trading is a twenty-four-hour game and those who understand that fact will be in a better position to limit risk, increase their trading opportunities, stay on the right side of the action, and be more consistent and profitable.
In The Markets Never Sleep, Busby reveals how you can use modern technology to take full advantage of the twenty-four-hour nature of the markets. He lays out the basics of how global markets work and explains the significance of understanding global connections and why traders need to know them, showing how to think globally and stay alert to any major geopolitical or economic event.
Download & read more.
Feb 19, 2008
World Event Trading: How to Analyze and Profit from Today's Headlines
World Event Trading: How to Analyze and Profit from Today's Headlines
by Andrew Busch
Pestilence, natural disaster, and acts of terrorism are each unpredictable
in timing, location, and scope. None, however, is unpredictable
in its effect on the world’s financial markets.
An immense window of profit opportunity occurs when there is liquidity
and price dislocation. Traders and investors in the thick of market upheaval
often are not able to seize the opportunity, simply because they do not
understand what is happening. Understanding the complex relationship
between a global event and the collective market psychology at the time
that the event occurs is crucial.
This is the essence of world event trading (WET).
Rapidshare
by Andrew Busch
Pestilence, natural disaster, and acts of terrorism are each unpredictable
in timing, location, and scope. None, however, is unpredictable
in its effect on the world’s financial markets.
An immense window of profit opportunity occurs when there is liquidity
and price dislocation. Traders and investors in the thick of market upheaval
often are not able to seize the opportunity, simply because they do not
understand what is happening. Understanding the complex relationship
between a global event and the collective market psychology at the time
that the event occurs is crucial.
This is the essence of world event trading (WET).
Rapidshare
Feb 2, 2008
Feb1,2008 NFP and chart
As we all expected,NFP is due to announce every first friday of the month.
We want to know,what is the impact of NFP announcement to chart.In this case we use our lovely chart,pair GBP:JPY on 15 minute chart.
As we can see,before the news market relatively calm.
Then when the news came,it drop down because of negative impact of the news,then there is revision and market responding as we can see in the chart.
After the revision we can see also the anticipated reaction of market.
Take a look at the chart:
What we can learn(taken from pfxglobal):
1. News releases may lead to both short-term and long-term volatility and breakouts
2. Trading the event itself is tough—investing in the trend is easy
3. All news is not created equal
4. Understand the context of a news release to make the most of the opportunity
The news in the forex is mostly economic. Aside from central bankers, there are very few “personalities” that can move the market very much. Unlike the stock market, where each company represents a micro-economy, currency prices reflect the entire economy. Because forex news comes mostly from government and association sources, it can seem a little boring and all the acronyms are tough to keep straight. We can help with those issues and help you turn the news into a productive tool you can use in your trading.
First, let’s clarify the difference between “trading the news” as a very short-term strategy and using the news to assist in forecasting prices and identifying opportunities on a longer-term basis. A lot of traders talk about being able to “trade the news” but most often define that as a short-term position entered to take advantage of the volatility that sometimes appears following a news announcement. While placing these short-term trades can be tempting, there are two significant problems most traders face when attempting to “scalp,” or short-term trade, the news.
1. Most dealers will either widen the spread during periods of news-induced volatility, which increases trading costs and may make entering an order and placing protective stops almost impossible. Some dealers will also “lock out” and delay order fills. When the market is moving very fast, these actions can be very frustrating.
2. When an announcement moves the market, it may move it a lot. That sounds great on the surface, but it rarely moves all one direction. The subsequent whipsaws and order entry difficulties can make trading during the release itself very frustrating.
What a news event means:
Economic news comes from several sources, and the actual releases can be a little like reading the warranty information that came with your last electronics purchase. Looking up a definition is a good idea, but what really gives a release meaning is its context—the expectations and trend surrounding the announcement. If a release misses or exceeds expectations, volatility will increase, and not just in the short term. Similarly, the trend of the release compared to previous announcements will impact the market. If an economic fundamental is improving with each release, the trend is positive and may have a lifting affect on that currency. The opposite is also true.
So how do you find expectations and the trend of an announcement? That information is widely available but it is not always compiled in the same place. You can compile it yourself, or we have a resource for you to use on the PFX website.
The Calendar—The PFX calendar is a little different than other calendars available on the internet. First, we trim the releases to cover just those announcements that are likely to have the biggest impact on prices. I am sure we are all very interested in Japanese Machine Tool Orders, which is released each month, but it has limited usefulness when trying to forecast prices. Second, we compile the consensus opinions available from economists and analysts. Finally, we provide a visual reference to the historical reports that preceded this announcement.
The Forecast Seesaw—We provide this tool for every announcement to help you visualize what affect the release is likely to have on prices. If actual results fall beyond the number on the left hand side of the seesaw, we expect the value of that currency to rise. If results fall beyond the number on the right, we expect the currency’s value to also fall.
Historical Movements—The trend of the announcement is best when seen visually. The chart provided displays an arrow on the date of the previous releases and the expected affect it should have had on the price of the currency. In most cases, the pairs used are crossed with the USD as a common denominator, but we use the US Dollar index for US announcements.
Tips for using this resource in your trading:
1. Avoid scalping news announcements. Traders trying to play the short-term impact of an announcement have a very high burn-out rate.
2. Pay attention to the trend of previous releases. If the announcement conforms to the price trend itself, a nice continuation is likely.
3. Expectations are everything. If the release misses expectations significantly and a reversal of the price trend is likely, stay out.
4. Don’t drown yourself in the news. It’s easy to get caught up trying to understand the likely impact of every possible piece of news, but very few releases will have much of an impact on actual prices.
We want to know,what is the impact of NFP announcement to chart.In this case we use our lovely chart,pair GBP:JPY on 15 minute chart.
As we can see,before the news market relatively calm.
Then when the news came,it drop down because of negative impact of the news,then there is revision and market responding as we can see in the chart.
After the revision we can see also the anticipated reaction of market.
Take a look at the chart:
What we can learn(taken from pfxglobal):
1. News releases may lead to both short-term and long-term volatility and breakouts
2. Trading the event itself is tough—investing in the trend is easy
3. All news is not created equal
4. Understand the context of a news release to make the most of the opportunity
The news in the forex is mostly economic. Aside from central bankers, there are very few “personalities” that can move the market very much. Unlike the stock market, where each company represents a micro-economy, currency prices reflect the entire economy. Because forex news comes mostly from government and association sources, it can seem a little boring and all the acronyms are tough to keep straight. We can help with those issues and help you turn the news into a productive tool you can use in your trading.
First, let’s clarify the difference between “trading the news” as a very short-term strategy and using the news to assist in forecasting prices and identifying opportunities on a longer-term basis. A lot of traders talk about being able to “trade the news” but most often define that as a short-term position entered to take advantage of the volatility that sometimes appears following a news announcement. While placing these short-term trades can be tempting, there are two significant problems most traders face when attempting to “scalp,” or short-term trade, the news.
1. Most dealers will either widen the spread during periods of news-induced volatility, which increases trading costs and may make entering an order and placing protective stops almost impossible. Some dealers will also “lock out” and delay order fills. When the market is moving very fast, these actions can be very frustrating.
2. When an announcement moves the market, it may move it a lot. That sounds great on the surface, but it rarely moves all one direction. The subsequent whipsaws and order entry difficulties can make trading during the release itself very frustrating.
What a news event means:
Economic news comes from several sources, and the actual releases can be a little like reading the warranty information that came with your last electronics purchase. Looking up a definition is a good idea, but what really gives a release meaning is its context—the expectations and trend surrounding the announcement. If a release misses or exceeds expectations, volatility will increase, and not just in the short term. Similarly, the trend of the release compared to previous announcements will impact the market. If an economic fundamental is improving with each release, the trend is positive and may have a lifting affect on that currency. The opposite is also true.
So how do you find expectations and the trend of an announcement? That information is widely available but it is not always compiled in the same place. You can compile it yourself, or we have a resource for you to use on the PFX website.
The Calendar—The PFX calendar is a little different than other calendars available on the internet. First, we trim the releases to cover just those announcements that are likely to have the biggest impact on prices. I am sure we are all very interested in Japanese Machine Tool Orders, which is released each month, but it has limited usefulness when trying to forecast prices. Second, we compile the consensus opinions available from economists and analysts. Finally, we provide a visual reference to the historical reports that preceded this announcement.
The Forecast Seesaw—We provide this tool for every announcement to help you visualize what affect the release is likely to have on prices. If actual results fall beyond the number on the left hand side of the seesaw, we expect the value of that currency to rise. If results fall beyond the number on the right, we expect the currency’s value to also fall.
Historical Movements—The trend of the announcement is best when seen visually. The chart provided displays an arrow on the date of the previous releases and the expected affect it should have had on the price of the currency. In most cases, the pairs used are crossed with the USD as a common denominator, but we use the US Dollar index for US announcements.
Tips for using this resource in your trading:
1. Avoid scalping news announcements. Traders trying to play the short-term impact of an announcement have a very high burn-out rate.
2. Pay attention to the trend of previous releases. If the announcement conforms to the price trend itself, a nice continuation is likely.
3. Expectations are everything. If the release misses expectations significantly and a reversal of the price trend is likely, stay out.
4. Don’t drown yourself in the news. It’s easy to get caught up trying to understand the likely impact of every possible piece of news, but very few releases will have much of an impact on actual prices.
Feb 1, 2008
Uppss I lost $7Billion
Well not me actually.
The last week stories were really amazing.How the market down deep to the earth following the decission of Fed to cut interest rate to 0.75.The market was really horrible last week.
Also on the news,how a trader by name Jerome Kerviel of Societe Generale in France could make acompany a huge lost of $7billion
As reported by AFP France:
PARIS (AFP) — The French government demanded a full accounting Friday of how a rogue trader at Societe Generale managed to lose 7.0 billion dollars, as it emerged he gambled on over 73 billion dollars -- more than the bank's current value.
President Nicolas Sarkozy insisted meanwhile that the scandal, which cost the banking giant 4.9 billion euros (7.15 billion dollars), had not affected the "solidity and reliability of France's financial system."
Societe Generale said a single Paris trader, named by bank sources as 31-year-old Jerome Kerviel, amassed the losses, virtually wiping out the bank's 2007 profit and leaving it as a potential takeover target.
Seeking to reassure investors and the public, Bank of France governor Christian Noyer insisted that Societe Generale "is stronger today" after it had "cleaned" up its accounts.
But a top French presidential advisor revealed that Kerviel had positions of more than 50 billion euros (73 billion dollars) -- more than the bank's current market capitalisation of 35.9 billion euros.
Look at the headline:
Société Générale, one of the largest banks in Europe, was thrown into turmoil Thursday after it revealed that a rogue employee had executed a series of "elaborate, fictitious transactions" that cost the company more than $7 billion, the biggest loss ever recorded in the financial industry by a single trader.
Considering the big lost and the big impact on financial market,how that could happen?
I mean how a trader(alone) could made a misserable 'mistake' that causing financial collaps to the bank?
Is there any conspiracy behind his action?
Read more from International Herald Tribune business section.
The last week stories were really amazing.How the market down deep to the earth following the decission of Fed to cut interest rate to 0.75.The market was really horrible last week.
Also on the news,how a trader by name Jerome Kerviel of Societe Generale in France could make acompany a huge lost of $7billion
As reported by AFP France:
PARIS (AFP) — The French government demanded a full accounting Friday of how a rogue trader at Societe Generale managed to lose 7.0 billion dollars, as it emerged he gambled on over 73 billion dollars -- more than the bank's current value.
President Nicolas Sarkozy insisted meanwhile that the scandal, which cost the banking giant 4.9 billion euros (7.15 billion dollars), had not affected the "solidity and reliability of France's financial system."
Societe Generale said a single Paris trader, named by bank sources as 31-year-old Jerome Kerviel, amassed the losses, virtually wiping out the bank's 2007 profit and leaving it as a potential takeover target.
Seeking to reassure investors and the public, Bank of France governor Christian Noyer insisted that Societe Generale "is stronger today" after it had "cleaned" up its accounts.
But a top French presidential advisor revealed that Kerviel had positions of more than 50 billion euros (73 billion dollars) -- more than the bank's current market capitalisation of 35.9 billion euros.
Look at the headline:
Société Générale, one of the largest banks in Europe, was thrown into turmoil Thursday after it revealed that a rogue employee had executed a series of "elaborate, fictitious transactions" that cost the company more than $7 billion, the biggest loss ever recorded in the financial industry by a single trader.
Considering the big lost and the big impact on financial market,how that could happen?
I mean how a trader(alone) could made a misserable 'mistake' that causing financial collaps to the bank?
Is there any conspiracy behind his action?
Read more from International Herald Tribune business section.
Subscribe to:
Posts (Atom)