Swen Lorenz

Afternoon comment courtesy of Spreadex – 02/08/13

Afternoon comment courtesy of Spreadex – 02/08/13

0 mins. to read

Global headline shares continue to swing between gains and losses despite the US unemployment rate dropping to 7.4% from 7.5%.  It seems the fact that the market-moving nonfarm figure which showed there was only an increase of 162,000 employed people last month compared to an expected figure of 184,000 shook sentiment.  The figure was particularly…

A study in momentum: Or what goes up, will probably stay that way!

A study in momentum: Or what goes up, will probably stay that way!

5 mins. to read

We touched  briefly on the concept of momentum or price action in yesterday’s article reading the smoke signals –  http://www.spreadbetmagazine.com/blog/reading-the-smoke-signals-how-the-views-of-leading-strategis.html  In it we flagged the importance of momentum / price action when making trading or investment decisions. I thought it would be instructive to look at a real world example of this in action  over…

Overnight roundup courtesy of Spreadex

Overnight roundup courtesy of Spreadex

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Chinese stocks rose for a fourth day, led by property shares on growing speculation the government may relax curbs on the industry as economic growth slows. Asian stocks overall were up, following better-than-expected US unemployment claims and ISM manufacturing PMI’s. Markets reacted in favourable light after comments from the European Central Bank president Mario Draghi.…

Overnight roundup courtesy of Spreadex

Overnight roundup courtesy of Spreadex

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European investors smiled with optimism today after a statement from the US FOMC suggested yesterday that stimulus measures would continue until the labour markets shows a significant improvement and also refused to provide a timetable for winding down stimulus measures.  Although officials failed to provide any new information, the fact that officials did not indicate…