The other week my colleague Dan talked about trading ranges. Having had a good response to the topic I thought I’d build on the theme by looking at why they exist, how they can be identified and, more importantly, how you can capitalise when they appear on the charts. First things first. A range requires…
BT shares back to flat (they were +3% leading the UK Index ), albeit still outperforming an otherwise mild risk-off session for the index into the weekend. Shareholders delivering a tepid welcome to a change (long overdue?) at the top. The board has decided that, following the “broader reaction to our recent results” that new…
Shares in Mitie Group were +5%, as the facilities management company reported that it narrowed its pre-tax loss by 58% (51% from continuing operations) as the costs of the year-old transformation programme were reduced. While adj. operating profits were -6% due to higher investment in customer service and technology, the company saw adj. revenue +3%…
Shares in WH Smith top the this morning, trading their best since early Feb, thanks to a well-received Q3 trading statement versus what it reported for the first six months in mid-April. Group Sales +4% YoY compares favourably with flat growth in H1, as does more gross margin improvement thanks to cost savings. Even better…
The strongest factors influencing the direction and momentum of Foreign Exchange (FX) rates are changes in the key interest rates, themselves highly sensitive to macroeconomic data such as inflation and economic growth. Higher interest rates tend to render the currency more attractive (and vice versa) which in turn can result in it strengthening versus other currencies….
What a crazy week on the stock markets. First the markets decide to go haywire over exposure to multiple geopolitical issues, then they decide to rebound and go back to pushing new highs. How are investors supposed to make sense of it all? More importantly, how do traders make money on the stock markets when…