Macro observations US dollar bulls may have hoped that with a New Year comes a new direction for the global reserve currency. The greenback has, however, been less willing to reverse its 2017 trend, beginning 2018 in the same vein it left the last. Could this be a temporary blip on the radar before a…
BP shares are almost unmoved for their first session of 2018, even after today’s clarification that a reduction in US federal tax (21% vs 35%), as part of President Trump’s long awaited reform efforts, would mean it talking a short-term $1.5bn hit. Furthermore, the complexities of both the oil major itself and the biggest US…
29 Dec Guardian (Link) The London stock market is “doing its festive best” to reach the New Year at a fresh record high, says Mike van Dulken of Accendo Markets. 28 Dec Reuters (Link) “The U.K.’s UK 100 outperforms … as the index’s plethora of foreign-earning stocks reap the perceived benefits of U.S. President Trump’s first legislative victory,” in the…
“As we drift into 2018, the UK 100 is trading around all-time highs for the first time since June, in the aftermath of the snap UK general election. It has taken some significant reform across the Atlantic and a booster from commodity markets to take the UK’s blue-chip index back to its highest ever level,…
And so another trading year closes. An exciting one to say the least, getting better acquainted with President Trump (and his twitter account), watching UK and EU Brexit negotiators duel, more political in-fighting than you could shake a stick at in Westminster. All the while financial market records were being made almost daily. Equity markets…
Ever had a big loss you wish you’d managed better? Be honest, we all have. When trading the financial markets discipline is paramount. Ask any successful trader and they’ll concur. A dollop of luck is important, but sticking to key rules is essential. Without discipline one’s trading lifetime can easily be cut short prematurely. Closing…