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Trading Journal

psaTrading
May 03 2017 at 21:51
891 posts
If on one hand the theme of Brexit was once again the order of the day, on the other hand the approach of the second round of the French presidential elections (There is a televised debate between the two candidates Emmanuel Macron and Marine Le Pen) is also to be monitored. Regarding Brexit, some news reports say that Europe 'seems to be divided' with France and Germany tightening their positions on the UK. According to a Financial Times analysis, the gross amount to be paid in advance by the United Kingdom may amount to € 100,000 M., an amount almost twice as high as the € 60,000 M. initially suggested by the President of the European Commission, Jean-Claude Juncker. The results published yesterday in the US by Apple could condition the actions of several European technology companies that are suppliers of the Cupertino company.

psaTrading
May 04 2017 at 07:53
891 posts
Most Asian markets closed lower, although the Japanese stock exchange was closed for a holiday (“Green Day”). Producers of raw materials reported losses due to falling metal prices following the publication of the PMI index for the manufacturing sector in China. This indicator dropped to 50.30, the lowest reading since September 2016, raising doubts about the growth of the country’s economy which is the world’s largest copper consumer.

psaTrading
May 05 2017 at 07:41
891 posts
Asian markets finished lower, with the Japanese being closed. Investors have responded to falling commodity prices and are awaiting the US employment report.

FernandoDemata
May 07 2017 at 06:20
5 posts
There has been quite a bit of movement this morning which is a surprise. Normally price movement is dead prior to NFP

psaTrading
May 08 2017 at 22:00
891 posts
Yesterday, after the election results were known, the Euro appreciated against the Dollar for the highest level of the last 6 months and against the Yen for the highest value of the last year. The recent behavior of the markets already had discounted a victory of Macron, limiting now a further rally.

psaTrading
May 10 2017 at 03:52
891 posts
It doesn’t matter what field you are in there will always be a bottom 10% a top 10% and the middle group. The ones that have the best mindset will rise to the top.

psaTrading
May 10 2017 at 07:48
891 posts
Companies have exceeded forecasts because of revenue growth and not so much because of a cost-cutting program. On the other hand, analysts' forecasts have been successively improved. In the case of the United Kingdom, the devaluation of the Pound and the rise of the prices of the raw materials will have been motors of the good performance achieved.

psaTrading
May 11 2017 at 07:14
891 posts
The energy sector led the gains of the S & P500, reflecting rising oil prices, after Iraq and Algeria joined Saudi Arabia to support an extension of production cuts by OPEC. In addition, US oil inventories declined more than expected. Despite this, this rise in the price of crude was not enough to recover from the losses recorded last week. The US Department of Energy reported today that weekly oil inventories fell by 5.2 million barrels, compared to estimated 1.9 million barrels. Inventories of gasoline fell by 150,000 barrels, compared with an expected increase of 65,400 barrels.

psaTrading
May 12 2017 at 13:02
891 posts
The rally unleashed by the result of the 1st round of the French presidential elections led the main European indices to extremes from the technical point of view. This condition coupled with the sharper drop in these indices yesterday, increases the likelihood of a short-term technical correction.

psaTrading
May 15 2017 at 19:05
891 posts
European markets were trading bullish, with investors outpacing the possible effects of the International Cyberattack of “WannaCry” virus, as well as the latest missile test in North Korea. In fact, the regional elections in Germany, as well as the prospects for an extension of the oil production cut by Russia and Saudi Arabia, contributed to the positive sentiment of the investors. An analysis by Bank of America Merrill Lynbch notes that investment in European equity markets has shown strong growth, but there is still room to recover further. In the US, the uncertainty that has recently surrounded the Trump Administration, particularly with regard to tax reform, has left investors with greater uncertainty.

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