We had a positive start to the trading week in regards to equities. Major indices were boosted from the positive EU Economic Summit with firm gains on return from the Thanksgiving weekend and with a boost for retailers from Black Friday and Cyber Monday sales. Brexit was on the agenda at the beginning of the … Continued
Gavin has over five years’ experience in providing market analysis and employs a combination of fundamental and technical analysis. He has been working at the London Academy of Trading as a senior analyst and mentor, conducting training programmes for traders. Gavin has a Certified Financial Technician (CFTe) award from the International Federation of Technical Analysts (IFTA) and has completed the Society of Technical Analyst (STA) programme and a Member of the Society of Technical Analyst (MSTA). Gavin has been regularly quoted in leading financial publications.
There has been a continuation of a risk averse tone this week. Indices and equities continued the sell off the first two days of this week. Monday saw the S&P 500 index record its worst decline in a month. The major indices reached a low point on Tuesday testing a prior significant support. It was … Continued
Over the weekend PM May struck a defiant tone with defending her Brexit deal while a growing threat of a leadership challenge looms. She stated there has not yet been enough letters to trigger a no confidence vote. So far, 42 Tory MPs have provided their letters for a no confidence vote which is 6 … Continued
Asian markets were volatile overnight as Chinese stocks fall but recovered and closed the session 2% higher. Wall Street led further declines during the session as concerns come from the hawkishness of fed members with the hiking of US interest rates. Disputes with US – China trade, Saudi foul play and Italy’s budget deficit. This … Continued