February 15th/16th

Results

Feb 15th

Feb 16th

Profit is £181.83 for yesterday and today

UK News

The number of people claiming unemployment related benefits in the UK compared to the previous month rose by 2400, which spelled potential trouble for the UK economy and increasing fears of a double dip recession as previously mentioned over the past few months. This caused a rocky start to the FTSE100 yesterday and most UK related stocks.

Core Retail Sales figures, which is the primary gauge of consumer spending, which accounts for the majority of overall economic activity, were also down 0.3% from the expected 0.6%, this caused a fall in all markets across the world, I took a risk in buying FTSE100 an hour before this news was released and got out with a small loss, which is fine if figures held up I had the perfect entry point to have made a bit of money.

Germany News

German GDP figures fell short at 0.4% compared to 0.7% of the previous quarter. This halted the growth of the Dax30, mainly comprised of Manufacturing and Chemical companies. Since yesterday the Exchange has been ranging up and down with no clear trend as investors speculate the long-term side affects of the news.

However, price closed yesterday at 7392 and opened today at 7423! A huge jump like this signals that the bulls (buyers) are still in power and are convinced that for the mean time, the German Economy will continue to grow as it is the leading powerhouse within Europe.

This presented me with several opportunities over the past 2 days to buy low and sell high, using my mathematical indicators to give me average price points over a prolonger period, I was able to work out the best times to buy where I am limiting my risk and increasing my potential reward.

I'm hoping this happens for another day or 2 before price starts to penetrate the daily high of 7436, otherwise I will have to wait for the next retracement phase when buyers start taking their profits and making the price fall, I could always short sell the stock so I make money when price goes down, but when there is a confirmation of an exchange continuing to rise, it is always risky to trade in the opposite direction of everyone else.

Brent Crude Oil

Brent Crude Oil has been increasing in price the past few days by huge amounts, now pushing at $104.50 a barrel compared to $101.33 the previous week. If this continues to grow we will see major companies that rely on oil to produce goods start to shake, also companies that's main focus is delivering goods around the world such as truck drivers are going to be hit hard.

Expect the price of petrol to rise as the stations need to update their price to stay in business and guarantee profits. Every day civilians are going to continue to feel the crunch during this recession, not good considering the VAT and inflation that is already increasing prices of everything that we buy. Decreasing consumer confidence is not what this economy needs right now, a decline in sales will start to cause small companies to go bankrupt if they cant get loans from the banks, which are being very conservative at the moment with lending money.

News To Look Out For Tomorrow:

1:30pm USA Unemployment Claims

3:00pm EUR Consumer Confidence

This was a long update! Thanks all for reading and will be back again tomorrow!