What does it take to be a trader If you are a successful part time trader eventually you will ask yourself the question – “Could I do this professionally?”. If you have a proven track record with a solid strategy and a viable risk/reward ratio in place – theoretically you should be able to “go…
Ford sales strong, everyone else soft The early numbers from Ford suggested a great month for consumers but the numbers elsewhere have been a tad softer than expected.
Florence becomes third hurricane of the Atlantic season The NHC announced that Florence has reached hurricane strength in the mid-Atlantic. Today, tropical storm Gordon is helping to push oil prices higher because of the shuttering of some offshore production.
… price backs off intraday channel resistance The USDCAD has continued the run higher today – racing above a trend line and swing area in the 1.3101-126 (see yellow area in the chart below).
August ISM manufacturing index The US dollar has been bid all day and we get a super-strong ISM report. I don’t want to be the guy who is always finding conspiracies but there’s a certain odor on this one.
Prior month -1.1% revised to -0.8% ForexLive
ANSA report The rule is a deficit below 3% of GDP. ForexLive
What moved markets Tuesday
August Markit PMI for the US ForexLive
The price reached a high of 2050.50 just above the $1T level It’s official (at least that is what the pundits say). Amazon has reached the $1T market capitalization level. The high reached $2050.50. The $2050.35 level (give or take a few cents) was the reported magic level.