Macro observations With the Bank of Japan rounding off global central bank meetings for another month, this week, policymakers at the US Federal Reserve, the European Central Bank and the Bank of England will be paraded in front of investors in order to convey the next steps for monetary policy normalisation. Federal Reserve Chair Janet…

Another week, another tirade of insults. US President Donald Trump branded Kim Jong-Un ‘Rocketman’ while Un called Trump a dotard. But while the most important game of insult tennis wages on into a third month, markets could barely be less interested, and this could be the reason why. Thankfully, this isn’t World War Three. Even…

I’m often asked what makes the perfect trade set-up in terms of risk vs reward. But it’s too easy to pick and choose from an abundance of share price charts when you have hindsight on your side. So my answer is always the same. Forget charts and share prices for a moment and let’s go…

Kingfisher shares are top dog on the UK 100 this morning, over 5% to the good after its latest trading update. This despite headline first half like-for-like sales -1.3%, profits -6% and management reiterating a cautious outlook for the second half. Outlook usually trumps everything else (after all, you can’t buy past growth), in which…

Macro observations After a week in which the Pound clawed back gains against peers on strikingly hawkish rhetoric from the Bank of England, it’s the turn of the central bank’s stateside counterparts to update the market, with many expecting a significant policy announcement. But before the Fed takes the spotlight, the Bank of England Governor…

Next shares are this week’s UK Index star performer (+16%) thanks to another less gloomy outlook from management, allowing guidance to be revised higher for the second time in six weeks. This, coupled with several other observations, has helped the shares over a major hurdle which could trigger a very bullish technical pattern that sees…