Australia had a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday. more...
Whether we like it or not, statistics plays a significant role in trading. Starting with the fundamental news full of figures and ending with trade reports or test reports, we cannot do away without statistical indicators. At the same time, the thesis on applicability of statistics in making trade decisions remains one of the most controversial topics. Is the market random, are the quotes stationary, is the probabilistic approach to their analysis applicable? ...
The DAX broke higher during the week, after initially dipping down towards the €12,000 level. By breaking the top of the hammer from the previous week, this is a bullish sign and it looks as if were going to go looking for the €12,500 level above. That is an area that should be resistive, but in the overall look of the market, I believe we will be able to overcome that barrier. The DAX has been in an uptrend for some time, and should continue to be based ...
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Looking ahead to the coming week, we do not have any major news from the Eurozone but we have the PPI and the CPI data from the US which should tell us about the inflation in the US and give us a hint of when the next rate hike from the Fed would be. With the pair closing the week above 1.20, we believe that the uptrend is still intact but the moves could be much slower than usual as the ECB is clearly uncomfortable with the euro being at these levels ...
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