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Archive for July, 2009

Brian Monaghan is a financial spread bettor who is always looking for the next big market move. Therefore willing to take many small loses, as the big winners will (hopefully) cover them.

He likes a trade on FX and indices, but is a little scared of those volatile commodities. That doesn’t stop a dabble now and again, but he certainly keeps the deeds to the house in the back pocket when Brent Crude is involved.

But he can’t decide whether he prefers fundamental or technical analysis, so often makes “technically fundamental” trades. As long as both sides are saying to go the same way, lump on and hope for the best!
Trade Of The Week: EUR/USD
By Brian Monaghan on 31 July 2009 at 17:31

This week I was fully planning on talking about a trade that went wrong. But a bigger trade came up and I feel that I must simply share it


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
Risk Appetite Retuns As The Bears Run Scared
By The Mole on 31 July 2009 at 09:37

The bear slaughter continues apace. Stocks surged Thursday, hitting their highest levels in nearly 9 months, as investors eyed the latest batch of “better-than-expected” (yawn) profits and guidance, a weaker Dollar, a decent 7 year US Treasury bond auction, a report that suggested the labor market is starting to stabilize and soothing words from China that they would refill the punch bowl.


PaddyPowerTrader News delivers concise market news every day to keep you ahead of what’s going on in the financial world. Articles published daily include Morning News, Company News, Midday Market Report and Broker Share Tips. Detailed Research Notes and Previews are posted when big announcements and economic releases are due.
Financial Markets Report 31 July 2009
By PaddyPowerTrader News on 31 July 2009 at 09:05

The best performing major index on Thursday was the CAC, while the NASDAQ performed the worst.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
S&P Halts Just Short Of The 1000 Level
By FT on 31 July 2009 at 07:29

Oooh, so close. The S&P shied away from the big 1000 star prize yesterday, but there’s still the small matter of US GDP at lunchtime.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
Rising House Prices, Falling Jobless Boost Shares
By FT on 30 July 2009 at 13:59

A mixture of better economic data and generally ‘pleasing’ company reports pushed stockmarkets back to their better levels.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
Important Eurozone Surveys
By FT on 30 July 2009 at 11:12

OK, so I’ve shown you the ‘ocean liner’ economic numbers for the Eurozone and explained why they’re often too slow and cumbersome to affect on the market. Now we can look at the zippy jet-skis, the snappy, forward looking indicators.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
Market Holds Up Well Despite The Newsflow
By The Mole on 30 July 2009 at 09:51

Yesterday was strange with bad news coming thick and fast, but yet again stocks proved remarkably resilient closing with only


PaddyPowerTrader News delivers concise market news every day to keep you ahead of what’s going on in the financial world. Articles published daily include Morning News, Company News, Midday Market Report and Broker Share Tips. Detailed Research Notes and Previews are posted when big announcements and economic releases are due.
Financial Markets Report 30 July 2009
By PaddyPowerTrader News on 30 July 2009 at 09:16

The best performing major index on Wednesday was the DAX, while the S&P 500 performed the worst.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
Small Gains For The Dollar As Shares Stumble
By FT on 29 July 2009 at 16:18

Today’s stockmarkets had a little something for both sides. The early slide gave the bulls a taste of what could greet them on any morning, but the subsequent rally dashed any hopes of a decent collapse.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
Eurozone Economic Indicators
By FT on 29 July 2009 at 11:17

The Eurozone is awash with data, both from each member country and the Eurozone central office. So which ones are likely to affect our trading?


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