dkbMARKETS - Trading and Investing in The Financial Markets

We have another HUGE report due out today at 13:30 GMT+1, the USD Consumer Price Index (YoY) (APR). This report is of mega importance and will affect ALL Markets. There is a high probability of ALL Markets trending sideways prior to the report at 13:30 GMT+1. The USD Advance Retail Sales (APR) will also be announced at the same time. Look at the EURUSD 5min Chart, the Market is currently trending sideways. I have not placed any pending orders. Will reassess just before the reports at 13:30.

Today is a big day in the Markets with the GBP Bank of England Rate Decision & GBP Bank of England Inflation Report both due out at 12noon GMT+1. UK being the Financial capital of the world, these reports will have an impact on all markets. There is a HIGH probability of the Markets trending sideways prior to these reports. I will avoid trading prior to these reports. On assessing the EURUSD 5min Chart, the Market is currently trending sideways between the drawn White Lines. In view of the reports due out at 12noon, I have not placed any orders. I will reassess the Market again just before the report and decide what to do then. Looking at the GBPUSD, the Market is also trending sideways which is not surprising.

EURUSD Market Assessment prior to trading.

This video discusses and gives an insight on how to be a successful Trader in the Financial Markets.

Theresa May (UK Prime Minister) called for a snap general election yesterday on the 8th of June which caused chaos in the financial markets, especially the GBPUSD which went up 300pips yesterday!! See chart. The snap election is set to be authorized by MPs later, see http://www.bbc.com/news/uk-politics-39636466. Along with the situation in Syria and North Korea, we now have to contend with the uncertainty of upcoming elections in UK.

For this trading week, we continue to monitor the situation in Syria and North Korea. These Geo-political issues could have a major impact on the Financial Markets. Looking at the economic calendar for the week, there are no MAJOR reports due out this week. Today is Easter Monday and it is a public holiday. This will probably cause ALL markets to trend sideways today. I will avoid trading today. Looking at the EUR/USD, the market is currently trending sideways, see chart. No pending orders placed today due to the public holiday. Happy trading and remember to always apply good Money Management.