USA: Wall Street closed more easily, ABC consumer confidence stagnated at -46.

China trade surplus rises from 16.9 to 27.2 billion.

The U.S. central bank has in the past week heralded a new phase of monetary easing. With additional purchases of government bonds, they will grab the economy under his arms. In particular, the weakening labor market (regardless of the positive surprise of the previous week), the central bank is preparing a headache. In addition, Fed representatives appear before deflationary developments à la Japan to fear. (more...)

John Murphy is just over 500 pages a very good overview of the technical analysis that is suitable as an introduction to the topic. Initially there is a brief definition of fundamental analysis, then this book is based on incremental: Trend, the definition of trend lines, reversal and confirmation patterns, candlesticks, indicators, etc. It will also deal with a lot of mistakes and pitfalls, in particular, but not only, The beginner like groping and ultimately cost the trader a lot of money and can bring appropriate frustration. (more...)