11th July 19
Never one join the chorus of naysayers when the narrative is well established, banking stocks are again in the spotlight with yet another shakedown at Deutsche Bank - one of Europe's leading...
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9th July 19
OCADO shares are up 6.3% this morning after an impressive half-year report. The group have announced the fire at the Andover warehouse cost around GBP 148.2mln which is less than market....
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5th July 19
Global bond yields have been taking centre stage this week, and although we have seen marginal losses in the mid curve, the 10yr Note has now dipped under 2.00% while the 30yr has also moved below...
Read More5th July 19
(Weekly Chart) In a firm week for stocks in the UK, it seems the FTSE 100 has broken a key longterm trendline to trade higher. The trendline is marked by the blue downward sloping...
Read More5th July 19
Wednesday marked some notable price action in financial markets, headlined by the new record highs seen in the S&P 500 which is now looking to tip the 3000 mark - as futures markets are...
Read More3rd July 19
The US is not the only protectionist player in town; the EU tries to strong arm Swiss into submission. Rumbling on in recent weeks has been the row between the European Union and Switzerland...
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1st July 19
This blog has regularly provided an update on what has been occurring in financial markets and, as we reach the half-way point in 2019, it may be helpful to follow up the previous article dated 3...
Read More28th June 19
Markets across the asset classes have largely been in consolidation mode this week as they await the G20 communique in Japan and potentially remedial developments which could sooth trade tensions...
Read More27th June 19
By far and away, the G20 meeting this weekend is one of the key moments we are likely to have this year. Although the stakes are high, the chances that the US and China - whose respective...
Read More27th June 19
So indices worldwide are rejoicing at the fact that the ECB and Fed are looking at becoming more accommodating. We are in another phase higher this seems to be on the hope that China and the US...
Read More26th June 19
As geopolitical tensions rise between Iran and the US the price of oil continues to rise. Not only that, for the past two weeks the American Petroleum Association (API) inventory data showed a draw...
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25th June 19
WTI $57.90 +47c, Brent $64.86 -34c, Diff -$6.96 -81c, NG $2.30 +12c Oil price Another day when WTI and Brent diverged, traders say that with increased sanctions on Iran comes less chance...
Read More25th June 19
First of all well done to all those that are holding gold-related stocks at the moment. We have seen good moves in the likes of Fresnillo in recent times off the back of the latest gold run.; ...
Read More25th June 19
Last week was a welcome week for global stocks, with the world's premier central bank opening the door to rate cuts after bond markets had effectively forced them open weeks earlier. It was...
Read More24th June 19
WTI $57.43 +36c, Brent $65.20 +75c, Diff -$7.77 +39c, NG $2.19 u/c Oil price If you look at the oil price this morning compared with when I last wrote on Thursday it is up 7% for WTI and...
Read More21st June 19
All eyes were on this week's FOMC and as the projections all leaned towards a dovish message, Fed chair Powell did not disappoint, leaving the door open to rate cuts due to global risks permeating...
Read More20th June 19
These guys had a hard time since 2016. Below I have put in a monthly chart that shows the capitulation from just over 500p to the 110p we are at today. There are soo many headwinds against this...
Read More19th June 19
Tonight's FOMC announcement has market pundits uniformly calling for a dovish message, in so much that the Fed has been somewhat cornered by the market in pre-empting rate cuts into year end. ...
Read More18th June 19
The daily chart below looks like its heading toward the trendline at about the 7462 level. This comes as global risk sentiment is improving due to the loosening of monetary policy from central...
Read More17th June 19
In what looked to be a series of pretty steady rate-setting meetings at the Federal Reserve this year, US politics have cranked up the pressure on policymakers as White House trade policy is really...
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