European trading session – June 25
Other markets
– FTSE +0.13%
– Euro Stoxx -0.14%
– Italian FTSE +0.13%
– Dax -0.13%
– CAC -0.10%
– Gold – +0.55%
GBP still weak after yesterday’s BoE disappointment and NZD strong on the decent trade balance and employment data . 

EUR unmoved/ a touch lower on easy policy continuing 

Trading involves losing , so accept it. 
Trading involves losing. You can still lose more trades than you win and make money when you trade, so I have learnt over the years not to worry about your losses.

Learning curve, look ahead
One of the stark contrasts I have noticed between retail traders and professional traders is that professional traders are far, far better at anticipation. Now this is a generalisation of course, but the professional trader is often in a trade The retail trader often enters much later/too late.

UK CBI – June 25
–  18
– Total distributive reported sales 40
– Prior 43
GBP unfazed. I mean if the BoE can’t find a reason to be hawkish, then the GBP is not getting going for anything. Note the reading for this month is not on the chart – it is on the box under ‚actual‘ and

Yields buoyant & Sonia futures are too
The general recovery in the UK on vaccine optimism has kept UK gilts yields moving higher.From Jan 04 to June 08 UK yields have moved higher by 60 bps outperforming the euro, Swiss franc, and the JPY. 

Lots and lots 
Hard to think of slower markets today.  
 
Still looking for an explanation after the Fed’s latest hawkish dot plot shift then here are the Fed speakers up later today and there are a lot of them. The biases noted. Hopefully they will inject some life into things.

But subject to conidtions, RTE
– EU’s Sefcovic has advised member states that extension to N.Ireland protocol should be granted swiftly

European Session June 23
Other markets
. It remains a buy on the dips. There are rumours circulating that a deal is getting closer between Iran and the US, but no confirmation yet. However, even though a deal should send oil lower in the immediacy, this dip should find buyers as the fundamental outlook is strong.

Don’t add to losing trades
Another very common trading mistakes that people make is adding to a losing trade. The thinking is that by adding more to the position the original loss will be compensated by an even greater reward. It is an easy mistake to make, but it ends in over exposure to one market.