Dow and ASX 200 Update
It’s been a rather bullish few months for the Dow. As fundamental global health issues continue to threaten the health of global markets, one has to ask, why, when the Australian economy is regarded as one of the healthiest in the developed world, does it lag the US by such a hefty margin?
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Teach Your Children Well
A new report into education in Australia was released this week. The Gonski Review was handed to Prime Minister Julia Gillard and is noteworthy for more than just the name of the author, which is an unfortunate description of the possible future of our beleaguered PM.
Gonski calls for a lazy $5 billion to be thrown at the education system in Australia and, of course, this has been welcomed by everyone. Who wouldn’t want more money spent on education? It would be nice if our education system produced kids with the ability to read two-syllable words, write an intelligible sentence and add up, rather than just being able to text or tweet that coal mining is killing polar bears and that Facebook rules, dude!
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Equity Market Overview
Taking a quick look at some of the equity markets, one could be excused for looking for a top at the moment. The Dow Jones has just reached double its 2009 lows and has inched past the double tops we’ve been watching for a few weeks now. The S&P 500 is also looking like a double top, having achieved 75% of its 2007 -2009 bear market range. If a top does form there could be potentially profitable shorting opportunities ahead.
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How to Choose Which Currency to Trade
In last week’s article I stepped you through the process of placing an FX trade. This week I’d like to take a look at the wide variety of currency pairs that are available to trade and also help you choose which currencies to include in your trading.
I’ll start by listing the major currency pairs and their relevant codes for those using ProfitSource or HUBB Investor software.
For FX codes in ProfitSource and HUBB Investor, you need 6 letters, the first two of which are always FX.
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Simple Trend Lines
Simple trend lines are by far the simplest of all tools – especially when used on a line chart:
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