Barclays Boosted by Investment Banking

     LONDON—Barclays BARC.LN -4.39% PLC Wednesday continued to reap the rewards of heavy client volumes in its investment bank, even as new Chief Executive Antony Jenkins faces pressure to make the bank safer by shrinking the unit.
   The U.K. bank posted a 29% rise in third-quarter underlying profit—which strips out one-off items—in the third quarter to £1.73 billion ($2.78 billion). Within the investment bank, revenue was up 17% from a year earlier at £2.63 billion, and underlying profit more than doubled, to £937 million from £388 million.

Investment bank of the Week: UBS

Two high-profile mandates on deals worth more than $30bn combined are set to keep UBS’s capital markets and M&A bankers busy while they await news of further restructuring at the Swiss bank.

     Thames Water this week appointed UBS to source financing for the construction of its controversial Thames Tideway Tunnel, which is intended to replace London’s creaking Victorian sewerage system.

 

   The project, for which the UK government will act as backstop should it overrun or cost more than current estimates of £4.1bn ($6.6bn), is likely to involve both debt and equity financing and is expected to take seven years to complete.

Trade of the Week: Asia bores a hole in Mulberry

Falling international sales amid a wave of retrenchment from Asian buyers saw British luxury goods maker Mulberry issue a severe profit warning this week, sending the stock crashing by 30% on Tuesday – and offering a smart return for those with a short interest in the stock.

 

   The news caught the market off-guard. According to a survey by Thomson Reuters, no analyst had a sell rating on the stock in the run-up to this week. Mulberry has a mean rating of buy across five analysts, with two strong buys, one buy and two holds.

 

   That meant the stock was not high on many short sellers' radars in the run-up to Tuesday; only 0.65% of Mulberry’s total shares were out on loan as of last week, according to Markit Data Explorers.

EUR/USD Remains Low After FOMC Minutes

 

EUR/USD was weak today on signs that the European economy struggles amid the financial crisis. The policy meeting of the US central bank did not help the currency pair as the Federal Reserve did not change its stance.

New home sales were at the seasonally adjusted rate of 389k in September, higher that the August rate of 368k (revised from 373k) and the forecast of 386k. (Event A on the chart.)

EUR/USD Resumes Downfall on Moody’s Downgrades

EUR/USD sank today, following yesterday’s gains, and resumed its downfall that had started on October 18. Moody’s Investors Service downgraded credit ratings of five Spanish regions, even though the rating agency maintained the sovereign rating of Spain itself last week. Adding to the negative sentiment, the US manufacturing index went unexpectedly to the negative territory.

Two Approaches to Trading

 

 

   From what I have read in books and observed myself in the FX trading community, there are two types of traders: those who treat the market as an entity that must fulfill their goals and those who view it as something almost random with unavoidable periods of losses.

VSA: a way to improve your results at least for 30 %

Whether such situation is familiar to you: you trade strictly by strategy rules, observe a risk management, don't give in to emotions, but all the same too often incur losses? Whether it seemed to you, what you miss something important? And so, you are right. You really lose sight of something.

 

And you miss such important factor as volume. The volume is very important, as analyzing volume, we can reveal that large players now do and to follow them. There is the whole version of the technical analysis studying volumes in the market in a combination to the graphic analysis. Such technique of VSA also is called.

 

Make the decision

Let's talk how to make the decision on an entrance in the transaction.

 

     Quite discussed question at forums about trade on FOREX — how to make the decision on an entrance in the transaction. Users create subjects, there is an exchange of opinions … Often answers are useless, since everyone describes an entrance in the market, leaning on the HARDWARE. And it is true, however is absolutely useless for others which don't know this system and don't understand, why on crossing of any lines it is necessary to buy to (sell) to pair.

Forex Setka Trader

«Will suffice to hammer to me the head any Price Action, strategy and indicators! Give a program that bucks cut accurately and quickly!!! Itself!!! »

So, Forex Setka Trader belongs to the category of martingeyl-advisers (increase in a prize when leaving transactions in a minus). Such robots bring in the greatest income, but can lead at any time to loss of all or the most part of the deposit. Our task periodically to deduce profit that, having reached profitability in 100 %, to continue to remove already net earnings, without risking the initial capital since we deduced it.

How many remained before candle closing?

 

There are Forex indicators for the analysis, and there are indicators assistants which carry out utilitarian, support functions, doing trading simply more conveniently. About one of such "assistants" today speech also will go. The CandleCountdown indicator shows what is the time remained before candle closing. It is very convenient at trade both on small, and on large timeframe.

Advisers Forex: Ray Scalper

New improved adviser from authors of Phibase Synergy

Ray Scalper robot strategy

The adviser of Ray Scalper operates on time frame М15, but in the work considers also the events on higher scales. First of all he pays attention to levels of High/Low/Close of a week candle (W1), then counts more short-term levels of support / resistance on the hour schedule.

How to identify a trend?

How to define this same trend?

 

What is the trend?

Trend - is the general direction of the market. No market moves in a straight line, so we need to identify a general trend: upward or downward.

Opening of the transaction with the trend helps to increase the chances of success. Of course, the setup Price Action against the trend also fail, sometimes very good, but only trading with the trend, we can be more relaxed, because significantly reduced risk of a loss.

Euro’s Rally Stalls

 

 

EUR/USD fell today after two sessions of gains as the situation with Spain remained uncertain. Poor economic data from China added to the negative sentiment on the Forex market. US retail sales were higher than expected, but the manufacturing index was not as good as analysts have predicted.

Retail sales rose 1.1% in September, following the 1.2% increase in August (revised from 0.9%). The forecast moderate at 0.7%. (Event A on the chart.)

NY Empire State Index was at -6.2 in October. That was above the September figure of -10.4, but below the predicted -4.5. (Event A on the chart.)

Business inventories went up 0.6% in August, above the forecast 0.5%, but below the July change of 0.8%. (Event B on the chart.)

 

Basic Forex Brokers Primer

Global forex market nearly $2 trillion a day

The global daily forex market – which transacts nearly $2 trillion a day – is almost entirely dominated by large (scratch that, huge!) institutional investors. But that doesn’t mean that there’s no room for the smaller currency traders. Individual traders, accounting for about 2% of the currency market (do the math – that is not chump change!), are the reason that forex brokers number into the thousands – there is plenty of money exchanging hands, and there is a huge demand for qualified, reputable forex brokers.