HOPING FOR A CHANGE IN ECB POLICIES November 28, 2011 EQUITY markets bounced back yesterday, but last week was another grim period. Anyone hoping for an equity market rally into Thanksgiving will have been severely disappointed. The major stock indices across Europe, the US and Asian Pacific countries all fell sharply, with many breaking below significant support levels. From a technical perspective, last week’s sell-off [...]
Gold will shine: But short-term trade tarnished November 28, 2011 A LONG-TERM bull market in the yellow metal has seen traders and investors profit to a tremendous degree. At the extremes, fiat money adherents – who don’t see the metal as a currency or store of value – have clashed with gold bugs, with the latter trouncing the former. However, the last quarter has tested [...]
THE TIPSTER November 28, 2011 EUROPEAN bond yields are rising at an astronomical pace, with Italian bonds tipping over the 7 per cent yield mark yesterday. With yields consistently moving higher, and their inverse relationship with price, many expect further short-term downward movement on European bonds. Capital CFDs quotes the December German bund at €133.92-€133.95. It’s all about pubs this [...]
Accelerate returns in the Market Master Challenge November 28, 2011 IT’S not too late to win prizes galore in Société Générale’s Market Master Challenge. In the process you will learn how to trade Covered Warrants, Turbos and Super10s. Simply trade a virtual pot of £100,000, up to 5 December, for your chance to win a black&white membership to dreamcarhire.com worth £10,000, a Ferrari driving experience, [...]
Traders keeping a close eye on FTSE after drop to 5,100 November 27, 2011 GLOBAL equities continued to tumble last week with many indices crashing through technical support areas. At the start of the week, the FTSE gapped below its 50-day moving average around 5,350 and went on to trade below 5,100 briefly on Friday. This level is not only psychologically significant, but also important in technical terms. It [...]
WALL STREET WEEK AHEAD November 27, 2011 US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins this week, traders will watch closely sovereign bond yields that have kept markets on edge. Yields rose in almost [...]
Osborne to find cash for UK builders November 27, 2011 TOMORROW, George Osborne will deliver his Autumn Statement, supposedly focusing on economic growth. There will also be fresh data on government finances from the Office of Budget Responsibility. The statement is likely to contain a mixture of bad news for taxpayers as well as government subsidy for pet ideas. It is unlikely to contain anything [...]
THE WEEK AHEAD November 27, 2011 COMPANY NEWS ● London headquartered conference organiser ITE Group will announce its preliminary earnings for 2011 tomorrow. ● Britvic will announce its preliminary earnings results on Wednesday. The Chelmsford-based soft drinks manufacturer will be hoping that its earnings have a bit of fizz. ● Marston’s Brewery is also set to announce its full-year results on [...]
THE TIPSTER November 27, 2011 MARKETS rarely go up or down in a straight line and why should the FTSE be an exception? Ten straight days of negative closes has left the FTSE 100 looking pretty oversold. Although sovereign debt concerns still hang over the market like a dark shadow, equities could experience a sharp pull back in coming days. [...]
Candlestick charts are a leading light November 27, 2011 CANDLESTICK charting has stood the test of time, with Japanese rice merchant Munehisa Homma (1724-1803) credited as its founder. As a model of price movements, candlesticks are an elegant means of displaying complex information. The candle or “real body” marks a price’s opening and closing positions for a given time period, while the thin wick [...]