The UK Economy

London open: Stocks recover as May expected to confirm departure date London stocks rose in early trade on Friday following heavy losses in the previous session, amid reports that Prime Minister Theresa May will confirm her exit date later in the day. At 0835 BST, the FTSE 100 was 0.6% firmer at 7,270.62, while the […]

Amazon shares (NASDAQ:AMZN) have gapped up as a result on an ongoing strong buying pressure in the market. This is a trend that is supposed to continue for most of this year. Price reached a significant low in December 2018, and then rose up, only to trade sideways later. The sideways movement ended in March […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK consumer confidence index remained unchanged in March In the UK, the consumer confidence index remained steady at a level of -13.00 in March. Market anticipation was for the index to drop to a level of -14.00. Euro-zone consumer confidence index advanced […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK house prices unexpectedly fell in February On a monthly basis, the seasonally adjusted house prices in the UK unexpectedly eased 0.10% in February, compared to a revised rise of 0.20% in the previous month. Markets were anticipating the house prices to […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK public sector net borrowing reported a surplus in January The UK public sector net borrowing has reported a surplus of £15.80 billion in January, following a deficit of £2.10 billion in the prior month. Market anticipation was for public sector net […]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you’re not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it’s not. In decades of working with billionaire hedge fund […]

TIMELY EXIT “Successful Trading Is Not About Being Right.” – VTI What is your tolerance for pain? Consider the following scenario. You have 10% of your account balance on the line. For the past two days, prices have been going in the direction you had anticipated, but today, an announcement was made that caused a […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a bear market. In August price dipped by over 6000 pips, reaching around the support level of 1160.00 (a support level). From there, price moved upwards by 5000 pips and then moved sideways till the end of the month. All this happened in the context of a downtrend; […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the long-term, and bullish in the short-term. Last week, after testing the support line at 1.1600, price went upwards by 150 pips, to test the resistance line at 1.1750. Price can still go further upwards towards the resistance lines […]