Member Info for mystic1076

thing is what possible drivers are there next week that can push this higher???Till it gets to 1.05 or 1.12 its a case of wheresmymoneygone !!

Lots of short and long term long trades! I was convinced it was heading back to 1.05 yesterday but this trade war sentiment is not going away and is compounding the covid stock market recovery!

This is the prevalent theme in the market right now. Things just escalated between these 2 super powers. Low 90s to be tested again me reckons.

can anyone figure this?? is the downwards movement due to the coming contract expiry?

oil back up to $32, BP still stuck at £3.00 BP has been trading higher at 3.20p when oil was $28 last week!! 400 could be 4 years time???

Article
S&P 500 higher after bank shares surge
Would be good to get reason why???

This should open up strongly. Anyone entering in the 2.80's today should do well. Oil is up 10%. Good correlation between the banks and the oil sector...

And some of this has to do with the oil price swinging up by 10%...banks have exposure to oil sector...I would say Barclays can be back to 1.05 easily tmrw...

The reason for the rise finally....****However, economists predicted that an easing of coronavirus restrictions in many US states could mean the unemployment rate could be levelling off.

Initial jobless claims fell to just below three million in the week ending May 9, down slightly from 3.2 million. While it was the smallest weekly increase since mid-March, it is still several times larger than normal levels.

Paul Ashworth, economist at Capital Economics, said a small increase in the continuing claims data suggested the number of workers returning to work “was nearly as high as the number of people losing a job”. Continuing claims edged up to 22.8 million in the week ending May 2, a rise from 22.4 million, the latest data showed.

He predicted the unemployment rate will start to drop back as states reopening causes a “much bigger swing in hiring versus firing over the next couple of weeks”.

It will definitely be upwards from here...

Rise with FTSE tmrw - back to £1... for folks who didnt buy in the noughties gonna feel like punishment.. ;-)

This could be the reason for the sudden reversal!! And article on Reuters telling how the big banks are going to make a killing from this volatility! FX trading strong, FICC trading la di dah. Should benefit Barclays?? Still this don't explain the rapid incline of the share price! Makes all the wannabe traders feel even sillier missing the trade lol :-)

Yeh right DarrenBLuffer!!!????? If you did then kudos! (Not a pop!)

Do we have a new range now?

Not sure it was shorters!! All other stocks went up by the same % at the same time - both the banking sector plus wider stock market. Looking for any news behind the reversal.

dared not enter at 95 94 93 92 or 91...then rockets up to 97p. Can anyone say what the reason for this sudden reversal was???

Markets do have memory. This could be the case. Depends on sentiment. Personally think today's falls are overcooked in Barclays and Lloyds. The sky is falling in but RBS still hasnt breached £1!!!

BP should be higher if not for the FTSE drag and negative sentiment. Those buying in at these levels, appears to be a safe bet!

Bt is testing £1 now but thats bern 78p many years ago. Rbs seems like it wont ever go lower. Even when FTSE was 4800 1m ago, rbs was 1.02 ..... giving this some thought...!

How comes despite the repeated market trashing Rbs shares dont go lower than a £1 has anyone noticed that????,

Agree but it will take the market 2hrs from opening to see clarity...initial drop then recovery/consolidation...