This week saw the UK Index pull back to 7500, from last week’s revisit of 7600, although its uptrend remains in tact. As I mentioned last week, last May’s 7900 record highs are still in sight. Investors remain hopeful about cheap money for longer. Last week it was all about a Fed rate cut and.or…
Finally, we have seen some consistent and continued positive momentum across global indices this week. With Record highs being struck stateside on the Dow Jones, The S&P 500 and the Nasdaq and fresh multi month (10 month highs) on both the UK 100 and the German Dax. This, however, raises one crucial question? Is now…
Fresh appetite for risk helped the UK 100 breakout to the upside this week, testing 7600. Its exit from late June’s consolidation pattern, to hit fresh 10-month highs, extended the June uptrend. This increases the chances that it can push on towards last year’s 7903 record highs of late May. Investors remain hopeful about cheap…
The UK 100 remains in consolidation mode, in a sideways narrowing pattern, digesting the 5% early June rally from 7080. This implies investors in wait-and-see mode. Rather than take a position now, taking on additional risk, they are waiting for a breakout or a breakdown, for confirmation before picking a direction. While traders are optimistic…
The UK 100 made fresh 6-week highs this week, extending its June rebound, and looks set to close the week 1.1% higher. Drivers which helped the index higher this week include hopes of more central bank stimulus (ECB, Fed) and higher oil prices (supply restrictions, Middle East geopolitics). That said, the index is also in…
Oil has had quite a week. Brent Crude prices are up more than 8% from Tuesday’s lows of $61/barrel to trade north of $65.5. And there are a handful of reasons why. Firstly, European Central Bank (ECB) President Mario Draghi pretty much reiterated his “whatever it takes” mantra. Investors digested this as implying more monetary stimulus…