Traders are always looking for truly premium trading setups, the correct trading trigger and money management methods that work time and time again in any market. However, many traders often struggle to find the success that they are searching for.
Many people use engulfing candles as a price action trigger into a trade. Join Paul Wallace, for this online event during which he will give you clear insight how a professional trader identifies and trades them successfully.
Don’t miss this webinar from ActivTrades.
Date: 8 December 2016
Guest Speakers: Paul Wallace
Time: 7pm-8pm (UK Time)
Every Webinar can be found later on the webinars archive.
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In the pre-opening, European equities traded without major fluctuations. Yesterday, the negative reaction to the outcome of the referendum turned out to be quite limited in time. In fact, the Italian market opened with losses close to 2%, with banking shares accumulating devaluations of almost 5%. The fragility of the FTSEMIB index and its banking sector rapidly spread to other markets. In the debt market, the Euro has reached the lows of the last months and the peripheral yields have risen sharply. This trend, however, lasted less than 30 minutes, when a notable recovery boosted the Milan stock exchange (affecting their European counterparts) and the Euro, while yields in southern Europe eased the losses. On one hand, No’s victory (unlike Brexit and Donald Trump’s election) was the most anticipated scenario for investors. Thus institutional investors had time to prepare for the event. Many of them reduced exposure to Italian equities and debt, and some hedge funds constituted selling positions. After a strong negative response at an early stage, risk assets underwent notable recoveries, frustrating the intentions of many sellers who sold out at that early stage. As mentioned yesterday, the best way to gauge the perception of global investors towards Italy is through the behavior of its banking sector, the spread between Italian and Spanish yields and credit default swaps on Spanish debt.
US indexes closed higher, with the Dow Jones reaching a new all-time high. Boosting the American markets were essentially three catalysts. The first was the positive reaction of the European markets to the results of the Italian referendum. The second was the continued appreciation of oil, which favored the respective sector. The third factor was the rise in yields given the new indication that the US economy accelerated in the fourth quarter and that the Fed may be more aggressive in raising interest rates in 2017. The ISM index for the services sector was at 57.2 in November, above the reading of 54.8 registered in October and the forecast of 55.3 anticipated by economists. In fact, William Dudley, Governor of the New York Fed and a proponent of a very gradual rise in interest rates, argued that if the new Trump administration implements significant fiscal measures, the Central Bank may be forced to increase the leading rates more aggressively. The rise in yields favored banking stocks, as the gap between long-term rates (which banks lend to) and short-term rates (to which deposits are paid) increases.
The Asian indices, as happened with Brexit and Donald Trump’s victory, were the only ones yesterday to react negatively to the outcome of the referendum in Italy. Facing the opposite reaction from most other markets, Asian stock markets traded higher.