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Trading Journal

psaTrading
Oct 10 2017 at 06:37
891 posts
The oil sector closed down after news sources reported that Norway's Statoil said it found an area with more than 130 million barrels of oil in the North Sea. Favoring the German market was the publication, before the opening, of industrial production in the country for August, which increased by 2.60% from the estimated 0.90%.


psaTrading
Oct 11 2017 at 06:28
891 posts
Suggar seems to have found some support around the 2014 low and made a double bottom at that key level and seems to be trading within a consolidation zone that goes from 15.14 down to 13.29.

psaTrading
Oct 12 2017 at 06:57
891 posts
Asian markets closed with gains contained but were enough for several indexes in the region to reach the highs of this decade. In Japan, the Nikkei has reached levels not reached since 1996. In this country, it was published that industrial machinery orders rose 3.40% in August, comfortably surpassing forecasts of 1.10%.

psaTrading
Oct 12 2017 at 14:39
891 posts
In the pre-opening, the European indexes rehearsed without major oscillations. Today's session should be influenced essentially by external factors. The first of these factors will be the publication of the results of two of the major US banks: JP Morgan and Citigroup. Another factor conditioning the trend of the European session will be the interventions of several members of Central Banks (among them Mario Draghi) at the IMF Annual Meeting, which starts at 3:00 p.m. (GMT - 01h00).

psaTrading
Oct 13 2017 at 09:27
891 posts
Asian markets closed higher, with China's economic indicators offsetting Wall Street's weakness. In September, Chinese exports grew 8.10%, below the estimated 8.80%. Imports increased by 18.70% compared to forecasts of 13.50%. Although these numbers have a negative impact on GDP, they do not fail to signal the dynamism of the Chinese economy. When an economy is in the process of expanding, it is normal for its domestic consumption to be robust and that this translates into a greater demand for goods manufactured outside the country.

psaTrading
Oct 17 2017 at 06:28
891 posts
In his address to the IMF Annual Assembly, Mario Draghi argued that neither stocks nor bonds are in a speculative bubble. However, according to the President of the ECB, there are some signs of 'exaggeration' in the real estate market of commercial spaces within the Eurozone. In fact, economic recovery, reduced interest rates, as well as the demand for assets with appealing returns have boosted the value and incomes of various trading venues in some parts of the Euro Zone. As far as financial markets are concerned, Mario Draghi's words are likely to have a greater impact on the bond market than on the stock market.

psaTrading
Oct 19 2017 at 06:41
891 posts
Asian markets had a relatively quiet session, ending with contained variations. Today begins the main event of the week and perhaps of the year - the Chinese Communist Party Congress. This congress is held every five years and its main objectives are to elect the party hierarchies and establish the general guidelines of the country's internal and external policies. The holding of the Chinese Communist Party Congress should not have an immediate impact on the financial markets (except for some relevant surprise) but will have profound political, economic, social and military consequences not only in the region but also in the world.

psaTrading
Oct 20 2017 at 09:07
891 posts
European markets closed with devaluations of less than 1%, at a time when business results remain on the agenda. The technology sector was influenced by the selling pressure seen by US companies after the news about iPhones 8 orders. SAP remained broadly unchanged. The German technology company reported lower-than-expected earnings and quarterly revenues, but still improved its forecast for total revenues in 2017. Tele2 was the top-earning operator in the telecoms business, fueled by news that the operator raised its outlook for profit for the third quarter. On the other hand, Carrefour and Pernod Ricard also registered significant increases after the two companies recently presented their results. However, Unilever penalized the respective sector (household goods and personal care), after having reported a growth for the quarterly sales of 2.60% compared to the anticipated 4%. This differential was due to climatic factors such as hurricanes in the USA and the heavy rains that hit Central Europe. Nestlé lost 0.89%, despite announcing a quarterly increase of 2.60% in sales, slightly higher than the estimated 2.50%. On negative ground was also the advertising company, Publicis, in reaction to the results below expectations.

psaTrading
Oct 22 2017 at 14:24
891 posts
On Friday, the US market opened up, favored by the positive expectation regarding the tax reform. In fact, the Republicans were able to approve their proposal for the public deficit for fiscal year 2018. The Dow Jones has already renewed an intraday high, boosted by the positive performance of shares of Cisco Systems, American Express and JP Morgan. Shares of PayPal, a member of the S&P500 index, rose about 5 percent after the company reported quarterly results above expectations.

psaTrading
Oct 24 2017 at 06:19
891 posts
In the pre-opening, the European indices did not show a definite trend. In fact, in the last week most of the European indices have fluctuated over a relatively narrow range. In the preceding weeks the possibility of a short-term correction was anticipated as several technical indicators had reached extreme levels not seen for several years. This correction did not materialize and the recent consolidation of the indexes contributed to a decline in these technical indicators. These indicators remain at high but not extreme levels. Technically, the DAX is trading between 12900 and 13100. A break from the top of the range would signal, from a technical point of view, a continuation of the upward trend of the last quarter. A break in the bottom of this range would increase the probabilities of a short-term correction.

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