ADVFN Morning London Market Report: Friday 26 May 2017

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26 May 2017 @ 12:46

London open: Stocks flat, pound loses ground as Tory lead over Labour narrows London stocks were steady in early trade while the pound lost ground as the first poll since the Manchester bomb attack showed the Tory lead over Labour narrowing. The FTSE 100 was flat at 7,520.84, while the pound was down 0.5% versus […]

 

Guardian Stockbrokers Key Economic News Friday 26 May 2017

26 May 2017 @ 12:45
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK index of services surprisingly climbed in March The index of services recorded an unexpected rise of 0.20% on a monthly basis in March, in the UK, higher than market expectations for a steady reading. The index of services had recorded a […]
 

When will this bull stop ? & Who will win the general election?

26 May 2017 @ 09:55
Long time no see, Time for me to write something I suppose, since I’ve been inundated with requests to do so. So here it goes … Is the bull market going to stop anytime soon? Are we going to have a large correction or a crash? The answer to both is no. The bull market […]
 

S&P 500 & FTSE 100 look set for big moves

25 May 2017 @ 15:05
Last week’s Trump’s / Comey cover-up feel like a distant memory as equity markets re-test all-time highs. Let’s take a look at some of the powerful price patterns that are taking shape now across the S&P 500 and the FTSE 100. S&P 500 With US politics at the epi-centre of the recent selloff, let’s start […]
 

ADVFN Morning London Market Report: Thursday 25 May 2017

25 May 2017 @ 09:55
London open: Stocks little changed ahead of GDP data London stocks were little changed in early trade as investors digested the latest Federal Reserve minutes and awaited first-quarter economic growth data for the UK. At 0840 BST, the FTSE 100 was up 0.1% to 7,519.13, while the pound was up 0.1% versus the dollar at […]
 

Guardian Stockbrokers Key Economic News Thursday 25 May 2017

25 May 2017 @ 08:47
The key points from today’s economic news, brought to you by Guardian Stockbrokers. German consumer confidence index surprisingly rose in June The consumer confidence index recorded an unexpected rise to 10.40 in Germany, in June, compared to a level of 10.20 in the previous month. Market anticipation was for the consumer confidence index to record […]
 

Where next for ‘euphoric' EUR/USD?

25 May 2017 @ 08:46
It’s been a very long time since we’ve heard a piece of Eurozone data described as ‘euphoric’. It’s also very rare that the German Chancellor should comment that ‘the euro is too weak’. Such is the life of the single currency and the numbers don’t lie – the single currency is the best performing currency […]
 

Warren Buffett’s bet against hedge funds

24 May 2017 @ 10:10
Eleven years ago Buffett offered a bet ($500,000 to go to charity) that no investment professional could select a set of at least five hedge funds that would over a period of ten years match the performance of the S&P500 after fees. He choose a low-cost Vanguard S&P fund as his contender. “I explained [in […]
 

ADVFN Morning London Market Report: Wednesday 24 May 2017

24 May 2017 @ 10:02
London open: Stocks little changed but miners drop after China downgrade London stocks were little changed in early trade as investors sifted through a raft of corporate news and digested a downgrade of China’s credit rating. At 0840 BST, the FTSE 100 was flat at 7,482.24, while the pound was up 0.1% to 1.2976. Investors […]
 

Guardian Stockbrokers Key Economic News Wednesday 24 May 2017

24 May 2017 @ 08:41
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK public sector net cash requirement posted a surplus in April In the UK, in April, public finances (public sector net cash requirement) has posted a surplus £15.21 billion, following a revised deficit of £27.68 billion in the prior month. UK public […]
 

MINING, OIL AND GAS

There is a bearish signal on Hurricane Energy

25 May 2017 @ 06:53
Hurricane Energy shares (LSE:HUR) have generated a new bearish signal. The bearish signal could become significant over time, resulting in a serious bearish trend.   The price has been going upwards since July 2017, until recently. There is a now a movement below the EMA 21, while the Williams’ % Range period 20 is in […]
 

Stay away from Xtract Resources!

25 May 2017 @ 06:36
Xtract resources stock (LSE:XTR) is a no-go area for those who invest logically. The price has just been going sideways for the past several month, and that has formed an extremely tight base. Although the ADX period 14 is above the level 80 (strong momentum), while the DM+ is above the DM- (bullish signal), the […]
 

Premier Oil to Collapse Soon

19 May 2017 @ 14:43
Premier Oil shares (LSE:PMO) may soon experience a severe pullback, based on what is happening in the market at the moment. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All […]
 

Go short on Jubilee Platinum!

11 May 2017 @ 11:40
Jubilee Platinum shares (LSE:JLP) is now a bear market. The current weakness started in Mach 2017, following a bullish January and February. In the daily chart, the ADX period 14 is at the level 20, showing that while there is no momentum in the market at the present, it is expected to rise any moment […]
 

GLOBAL NEWS

Weekly Trading Forecasts for Major Pairs (May 29 – June 2, 2017)

28 May 2017 @ 04:29

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated last week, moving between the resistance line at 1.1250 and the support line at 1.1150. The resistance line at 1.1250 was tested several times, but it could not be broken to the upside, owing to the ongoing consolidation. A breakout is […]

 

Daily analysis of major pairs for May 22, 2017

22 May 2017 @ 06:14
The EUR/USD gained 290 pips last week, as price closed slightly above the support line at 1.1200. This week, price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, the EUR/USD is supposed to trend higher. EUR/USD: The EUR/USD gained […]
 

Weekly Trading Forecasts for Major Pairs (May 22 - 26, 2017)

21 May 2017 @ 03:10
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards by 290 pips last week, putting greater emphasis on the recent bullish bias that has formed this month. Price closed slightly above the support line at 1.1200 on Friday. The bullish momentum is currently strong, and the resistance lines at […]
 

WPP PLC – a sideways market

19 May 2017 @ 14:31
WPP PLC stock (LSE:WPP) is a sideways market. Price has been moving sideways since April 2017, oscillating between the upper Trendline and lower Trendline. A breakout is imminent in the market, which may take price out of either of the Trendlines. A movement above the upper Trendline would signal a bearish bias while a movement […]
 
 
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