The outgoing week has been filled with excitement and tension for European and UK financial markets. From the panic sell-off on Tuesday, to the nervous consolidation on Wednesday, to the tentative recovery on Thursday and Friday, this week has seen it all. Here’s where the chips fell. As traders returned from a long weekend in both the…
Friday, 1 June CNNMoney “While euroskeptics will still dominate … markets were considering this a preferable outcome to the alternative of fresh elections,” said Artjom Hatsaturjants, an analyst at Accendo Markets. http://money.cnn.com/2018/06/01/investing/premarket-stocks-trading/index.html Thursday, 31 May LSE London’s benchmark index would be higher were it not for the stronger sterling and oil prices withdrawing from recent…
Shares in specialty printing company De La Rue were +4% as the firm reported FY 2018 pre-tax profit nearly doubling, with revenue +7%, after company has sold off 90% of its paper business to private equity firm Epiris in February this year. Despite glowing headline figures, De La Rue’s overall FY profit guidance remained unchanged…
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….
Friday, 25 May Proactive Investors Artjom Hatsaturjants, research analyst at Accendo Markets, said: “The stronger USD is already representing a headwind for safe haven yellow metal even with the revival of geopolitical concerns. Today’s news sees Centamin’s share price accelerate its retreat from recent highs, investors jumping ship amid a more uncertain outlook, sceptical about…
“The trend is your friend”. Everyone must have heard this famous investor adage get dusted off every time someone asks for advice on how to trade shares. You see a stock that is trading in a clear trend, upwards or downwards, you grab on to it and you run your profits until the trend stop….