Macro observations As investors on both sides of the Atlantic return from an extended weekend, a multitude of foreign exchange drivers – politics, macroeconomics and monetary policy – present themselves during the shortened trading week. For Sterling traders, the UK general election campaign will continue to remain at the forefront of investor sentiment, with polls released over the bank…
With less than two weeks until the UK’s snap general election, the race for Downing Street is hotting up. Having had the strongest poll lead (~25pts) of any sitting government before an election, Theresa May’s party has seen its advantage eroded to just 5pts, with Labour’s impressive turnaround having a profound effect on both the UK…
Yesterday was a textbook example of the trading phenomenon known as “buy the rumour; sell the fact”. Oil cartel OPEC did what was widely expected, extending production cuts by another 9 months to support oil prices in the face of rising US production. However, oil prices sold-off 6%, erasing some of their recent 17% bounce….
Shares in Restaurant Group (RTN) are top of the this morning, up 9.5% for a bullish test of May highs and major moving averages. This means the shares have recovered nearly almost all of the ground lost since a mid-month sell-off began, kicked off by fresh uncertainty about US President Trump and global growth, and…
Macro observations After the exciting (if not concerning) week that was, foreign exchange markets have begun the new week on a much calmer note. However, with underlying drivers remaining in place, we await the next spark to ignite the political flames. In US politics, President Trump’s tour of the Middle East has helped to allay…
26 May Telegraph Mike van Dulken, head of research at Accendo Markets, said the trading update would “put investors at ease regarding full year profits, management being able to reiterate guidance despite 2017 being a transitional year requiring investment and with a new chief at the helm”. http://www.telegraph.co.uk/business/2017/05/26/sales-slip-restaurant-group-amid-turnaround-plan/ 25 May Armchair trader Accendo Markets Analyst,…