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Better Trader
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The trade alert app is scheduled to be complete in January. This app will cover FTSE 100, S&P 500, German Dax, T-Bond, EUR/USD, GBP/USD, USD/JPY, US Oil, gold, Bitcoin. While the app is being developed you can register to receive the signals manually. I need a small number of volunteers... Continue reading
Posted 14 hours ago at Better Trader
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Today markets are higher on trade optimism, once again the Trump administration boosted the markets. Kudlow said a trade deal with China is getting close. This has been a regular thing since October, they talk about a deal but we are still waiting to see the deal, meanwhile markets rise.... Continue reading
Posted 6 days ago at Better Trader
The MNI Chicago Business Barometer in the US decreased by 3.9 points to 43.2 in October 2019 from the previous month's 47.1, well below market expectations of 48. That was the lowest reading since December 2015. source: tradingeconomics.com Continue reading
Posted Oct 31, 2019 at Better Trader
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If US 10Y falls gold will go up, I think yields will fall in the short term. Furthermore a decline in the stock market is also bullish for gold. If my forecast is correct on both S&P (down) and 10Y yield (down) gold will rally to 1540 to complete wave... Continue reading
Posted Oct 17, 2019 at Better Trader
US retail trade fell 0.3 percent from a month earlier in September 2019, after an upwardly revised 0.6 percent gain in August and missing market expectations of a 0.3 percent increase. It was the first decline since February, as households cut back spending on motor vehicles, building materials, hobbies and... Continue reading
Posted Oct 16, 2019 at Better Trader
Yesterday the tension between US and China flared and stock markets fell. There is no reason to expect good relations between the two countries, they are engaged in a war that will last many years or until Trump leaves the White House. Meanwhile talks between the two countries are still... Continue reading
Posted Oct 9, 2019 at Better Trader
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Fact: markets very often will start to move sideways after a long decline. The sideways move is a pause in the downtrend. In Elliott wave analysis the sideways move is likely to be a fourth wave and this fourth wave often takes the shape of a triangle. After a long... Continue reading
Posted Oct 1, 2019 at Better Trader
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Yesterday I sent a quick message to my clients on the e-Yield app, "FTSE on the 200-day moving average, bullish" The 200-day moving average is a natural support area, but that was not the only reason that prompted me to issue a bullish view. There were other factors that I... Continue reading
Posted Sep 26, 2019 at Better Trader
The IHS Markit/CIPS UK Manufacturing PMI fell to 47.4 in August 2019 from 48.0 in the previous month and below market expectations of 48.4. The latest reading pointed to the steepest month of contraction in the manufacturing sector since July 2012, as new orders fell the most in over seven... Continue reading
Posted Sep 2, 2019 at Better Trader
The IHS Markit US Manufacturing PMI dropped to 49.9 in August 2019 from 50.4 in the previous month and below market expectations of 50.5, a preliminary estimate showed. The latest reading pointed to the first month of contraction in the manufacturing sector since September 2009, as new orders fell the... Continue reading
Posted Aug 22, 2019 at Better Trader
Britain's economy shrank 0.2 percent in the second quarter of 2019, compared to forecasts that had pointed to stagnation and following a 0.5 percent growth in the previous three-month period, a preliminary estimate showed. That was the first quarter of contraction since the last quarter of 2012. source: tradingeconomics.com Continue reading
Posted Aug 9, 2019 at Better Trader
The US economy grew by an annualized 2.1 percent in the second quarter of 2019, beating market expectations of 1.8 percent and following a 3.1 percent expansion in the previous three-month period, the advance estimate showed. Household consumption and government spending increased at faster rates, while a slump in exports... Continue reading
Posted Jul 26, 2019 at Better Trader
Private businesses in the United States hired 102 thousand workers in June 2019, less than an expected 140 thousand and compared to May's upwardly revised 41 thousand. source: tradingeconomics.com Continue reading
Posted Jul 3, 2019 at Better Trader
The IHS Markit/CIPS UK Manufacturing PMI fell to 48.0 in June 2019 from 49.4 in the previous month and well below market expectations of 49.2. The latest reading pointed to the steepest contraction in the manufacturing sector since February 2013 as production contracted at the fastest pace since October 2012... Continue reading
Posted Jul 2, 2019 at Better Trader
New Home Sales in the United States decreased to 626 Thousand units in May from 679 Thousand units in April of 2019. source: tradingeconomics.com Continue reading
Posted Jun 25, 2019 at Better Trader
The IHS Markit US Manufacturing PMI fell to 50.1 in June 2019 from 50.5 in the previous month and below market expectations of 50.4, a flash estimate showed. The latest reading pointed to the weakest expansion in factory activity since September 2009. source: tradingeconomics.com Continue reading
Posted Jun 21, 2019 at Better Trader
Today 09:30 UK CPI Today 09:30 UK PPI Today 15:00 ECB president Draghi speaks Today 19:00 US interest rate decision Today 19:00 FOMC statement Continue reading
Posted Jun 19, 2019 at Better Trader
The New York Empire State Manufacturing Index in the United States plummeted 26.4 points from the previous month to -8.6 in June 2019, missing market expectations of +10. That was the largest monthly decline on record. source: tradingeconomics.com Continue reading
Posted Jun 18, 2019 at Better Trader
US annual inflation rate fell to 1.8 percent in May 2019 from 2.0 percent in the previous month, just below forecasts of 1.9 percent. source: tradingeconomics.com Continue reading
Posted Jun 12, 2019 at Better Trader
Nonfarm payrolls in the US increased by 75 thousand in May 2019, following a downwardly revised 224 thousand rise in April and missing market expectations of 185 thousand. source: tradingeconomics.com Continue reading
Posted Jun 8, 2019 at Better Trader
Private businesses in the United States hired 27 thousand workers in May 2019, less than an expected 180 thousand and compared to April's downwardly revised 271 thousand rise. It was the smallest payroll increase since March 2010. source: tradingeconomics.com Continue reading
Posted Jun 5, 2019 at Better Trader
In the UK manufacturing PMI in May fell to 49.4, it was the first month of contraction since July 2016. source: tradingeconomics.com We also saw weak manufacturing reports in China, Spain, Italy, France, Germany and USA. Today's construction PMI in the UK came in at 48.6, well below analysts estimates.... Continue reading
Posted Jun 4, 2019 at Better Trader
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Last week the forecast was up ( Download FTSE 100 forecast), the FTSE 100 reached the target. What next? With the S&P 500 still in the uptrend, it is not clear if a top is in place in the FTSE. Normally both FTSE and S&P should top at the same... Continue reading
Posted Apr 11, 2019 at Better Trader
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On 21 March the forecast was down see EUR/USD forecast The pattern appears to be a downward ending diagonal [A,B,C,D,E] and the rally to 1.1448 was wave D. The decline is wave E and this decline is not in a straight line. Normally wave E is in three waves which... Continue reading
Posted Mar 28, 2019 at Better Trader