Economic Calendar Next Week Monday: Bullard the Bear speaks Tuesday: Consumer Confidence Index Wednesday: Powell speaks at the Brookings Institution Thursday: PCE Price Index Friday: Huge payrolls number and Jobs Report https://ift.tt/wF5hBxa
Asked manager for a raise due to inflation and he said company does not offer raises due to economic situations and only offer merit raises at end of calendar year. What’s the best response to this?
Long story short I’m a sales engineer for a medium to large sub company of a very large, international electrical company. I just completed my first year at the end of June and decided to ask for a raise. I used both merit (team met it’s quota, I contributed 500k in sales during first half of my year of work while literally having 0 personal quota, was assigned a quota in January and so far a little off target but so is everyone else on my team this year) and inflation as reasons for considering my raise. Company gave me a 2% raise in April as my yearly merit increase but never reviewed performance with me or anything; it literally came out of nowhere. My manager’s response to my current request is basically, “I understand times are hard but they are hard for all of us… salaries and bonus’s do not fluctuate to account for economical situations such as inflation… additionally merit increases are done at the beginning of each year based upon your full year performance.” I fear at the end of the year I will be judged for missing my quota even if I barely miss it, and all of the work I put in during my first 6 months at the company will go to waste as a laughable 2% raise. What is the best way to get my credit for last year if this year doesn’t finish where I need it to? What is a good response to my manager in general? “Given the current economical situation, don’t expect me to meet my quota.” ?
FxStreet VS ForexFactory: Economic Calendar discrepancy?
Hi, Which of these websites, in your experience, is more reliable for 'impact' of economic events. Some events in the fxstreet calender are 'high impact' while the same events are 'low impact' in the forexfactory calender (at times, some events won't even be listed!) Why is this?
10 essential rules for trading Forex news profitably
10 essential rules for trading Forex news profitably
I have written several articles which are about fundamental forex news trading. This post is a set of rules about one of my strategies which I use when economic news is released. I have already written a lot on the subject in my previous posts, but let me expand a little on it today. Here are a few tips for you to dwell on before trading any fundamental information. Be sure to read till the end and find a few other very useful tips as well as my general philosophy regarding trading these fundamental events. I will give you a few examples that really sobered me up in terms of trading these special cases and showed me the way how to catch bigger moves when there is a discrepancy between the nature of news (positive or negative) and absolutely different market reactions. Now, let us go to some rules.
1. Decide which piece of information you want to trade
If you want to be efficient in the news releases trading system you have to find out which piece of news is the most important one. Almost every day there could be around 15 chunks of news coming from various countries. You could open any forex trading dealer website and find such information (often it is called ‘calendar’). Most often the news releases are divided into days and the majority of providers mark which information is of the high, medium, and low importance (visit dailyfx.com or forexfactory.com to get all the events for the current and upcoming week). I choose the information that is highly important and neglect news that is of low importance and most of the news which is of medium importance.
2. Now you have to mark support and resistance levels
I base my news trading strategy on breakout of support and resistance, that’s why you have to know and mark those levels on your charts. I do it with all major pairs and their crosses. Support and resistance are places where price came and bounced off. When the high time comes you will place a buy stop above the resistance and a sell stop below the support.
3. Choose forex pairs you are going to trade for the event
If you want to be successful with this trading method you have to know how to select the best candidates for your trades. You have to decide which pairs are best for you and trade only those pairs. When you look through those pairs, you have to select only those who have the best picture in terms of support and resistance levels. At the time you look at the charts the price has to be in between those levels, preferably in the middle. The best distance from support to resistance is around 80-110 pips. It could vary depending on the pair you are going to trade. The distance can be bigger for gbp/jpy pair and much smaller for euchf pair, because gbp/jpy is a much more volatile pair than euchf.
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