The analysis of markets is a critical part of the trading decisions of any trader or investor. The individual trader or trading group may have a preference for: Macroeconomic Analysis, Microeconomics Analysis, Fundamental Analysis, Behavioural Analysis, Quantitative Analysis and Technical Analysis. But whichever approach is employed, it is through this analysis that the trader decides:
In this section we provide daily, real time market views including currency pairs forecasts, primarily through the approach of Technical Analysis, but also by utilising other approaches to market analysis. Many of our analyses also contains a video explaining the analyses. Click here for all video analyses and here for all forex news.
The outlook for Gold futures has been teetering on the brink of correction in recent weeks. A hawkish-sounding Fed Chair Powell may have tipped the balance for a continued correction in the yellow metal. However, the big question is whether markets believe him. Fed Chair Powell sounds hawkish Last week’s FOMC decision for a “hawkish … Continued
With CPI inflation stubbornly high, Governor Andrew Bailey must choose the path of least damage. A recession is imminent. The Bank of England has two official objectives in its monetary policy remit: It has two key tools to perform its duties — setting the base rate and controlling the money supply. While it usually takes … Continued
It was not meant to be like this. Inflation in other countries is falling, but not in the UK. Once more, the CPI data from the Office of National Statistics has come in hot. UK CPI has come in much higher than expected as headline inflation did not fall, whilst core inflation increased sharply. The … Continued
Tesla (NASDAQ: TSLA) has a lower ESG score than Chevron (NYSE: CVX) or Philip Morris (NYSE: PM). This is probably not how it should be for ESG stands for environmental, social and governance. That is, the grab bag of today’s fashionable ideas about what companies ought to be doing. Which does not include tobacco (PM) … Continued
The Australian dollar (AUD) has been one of the standout performers on major forex in recent weeks. However, it may now be time for a bit of a retracement. Profit-taking is setting in this morning as a double whammy of factors hit the AUD. A rate cut from the People’s Bank of China (PBoC) and … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 19/06/2023 US public holiday (for Juneteenth) 20/06/2023 US Building Permits and Housing Starts 21/06/2023 UK CPI; Canadian Retail Sales; Jerome Powell Congressional testimony (House Financial Services Committee) 22/06/2023 Swiss National Bank monetary policy; Bank of England monetary policy; US Weekly Jobless … Continued
The Bank of Canada paused its rate hiking cycle in January but then hiked rates at its last meeting. The Royal Bank of Australia paused in April but then had to start hiking again in June. The Fed also paused at its June meeting or at least skipped a rate hike. This was the case … Continued
After being much touted in the previous meeting and successive hawkish rhetoric from ECB President Lagarde in recent weeks, the ECB has hiked its rates corridor by 25 basis points. That much was expected. However, this is still being seen as a hawkish hike amid a sharp increase in inflation projections. If this runs true, … Continued
Inflation continues to fall in the US. The CPI for May has shown that as the sharp jump in price over the first half of 2022 continues to drop out of the data, inflation is decisively falling. This disinflationary path leaves me questioning the Fed’s next move after the pause in the FOMC hikes in … Continued
UK economic growth is pretty anaemic. Headline inflation has only just dropped below double digits. Some would arguably point to the economy going through a period of stagflation. Despite this, the performance of GBP continues to stand up strongly against other major currencies. The Bank of England is having to prioritise inflation reduction in its … Continued
International Airline Group’s (LON:IAG) – or as we all still call it, BA – next results come out on 28th July. We’ve just had their Q1 results here. Things are obviously getting better, the recovery from Lockdown is happening. But what we really want to know is how far is that comeback going to go. … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 12/06/2023 N/A 13/06/2023 UK Unemployment and wage growth; German ZEW Economic Sentiment; US CPI 14/06/2023 UK monthly GDP; US PPI and Federal Reserve monetary policy 15/06/2023 Australian Unemployment; Chinese Industrial Production & Retail Sales; European Central Bank monetary policy; US Retail … Continued
It’s long been true that Frasers (LON: FRAS) has been interested in AO World (LON: AO.). So much so that back a year there was talk that Frasers would buy into the AO World rights issue. Even try to underwrite it so as to be able to build a substantial stake. That wouldn’t have been … Continued
With five major central banks giving monetary policy decisions in the first half of June, this is a period that could shape the outlook of forex markets for the weeks to come. There is a key theme that is emerging, with hawkish surprises coming from both the Reserve Bank of Australia and the Bank of … Continued
25x is a pretty good price rise for a stock or share and that’s what will happen – roughly you understand – to Golden Minerals (NYSE: AMUN) on Friday 9th of June. One thought here is that since we know this is going to happen we should all load up and make our fortunes. Sadly, … Continued
US equity markets have broken out to multi-month highs. The reasons to not be positive (or perhaps even outright bearish) are still prevalent. Yet, investors still seem happy to climb a wall of worry. Since October, the S&P 500 futures have rallied from a shade above 3500 to hit levels above 4300 this week. However, … Continued
Bidstack’s share price no longer comes close to representing the fundamentals. But investors will need patience. I last covered Bidstack (LON: BIDS) in mid-December 2022, hailing the video game advertising company as ‘one of the best undervalued tech stock opportunities to consider in 2023.’ As neither a mining company nor a biotech, BIDS is one … Continued
Gold has been corrective over the past month. This has come as the US dollar (USD) and US Treasury yields have rebounded. The two big factors that are historically so crucial the near to medium-term outlook for gold remain the key drivers right now. Subsequently, with the USD rally starting to falter, the corrective move … Continued
C3.ai (NYSE.AI) and Nvidia (NASDAQ: NVDA) are the two major stocks that people are using to bet on the AI revolution. As Paul Graham points out, this might not be the best set of possibilities: “AI is the first big new wave of technology we’ve had since start-ups started going public much later. The result … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 05/06/2023 S&P Global Services PMI global data and from US ISM Services PMI, US Factory Orders 06/06/2023 Reserve Bank of Australia monetary policy 07/06/2023 Australian GDP; China Trade Balance; Bank of Canada monetary policy 08/06/2023 US Weekly Jobless Claims 09/06/2023 China … Continued
Darktrace (LON: DARK) has long had a rather fragile share price. In part this is simply because it’s something of a hot, go-go, stock and therefore any contrary news hits the price hard. When prices are based on dreams and assumptions about the future then anything that deflates the balloon hits hard. As we’ve noted … Continued
Eurozone inflation was lower than forecast in May. Core inflation fell to 5.3% in a move that saw two consecutive months of declines for the first time since mid-2021. With GDP faltering this will mean that the ECB will be more cautious in hiking rates aggressively from here. This is likely to weigh on the … Continued
There has been a huge rally in the NASDAQ in 2023. However, notably, there has been a disconnect with other equity markets in recent weeks. Whilst the tech-laden NASDAQ has continued to post strong gains, elsewhere the rallies have fallen over and some are turning corrective. So is NASDAQ an outlier and set to be … Continued
SIPPs and ISAs are horrendously complicated. Why not simplify the investing tax shelters? After the 2008 global financial crisis, the UK base rate fell to 0.1% and stayed there until December 2021. Simultaneously, the Bank of England printed £895 billion of bonds — aka quantitative easing — devaluing the currency at a precipitous pace. After … Continued
Premier African Minerals has achieved something that few thought possible – brought a patch of bush into lithium concentrate production in under 8 months. That really is remarkable and they have indeed achieved that at the Zulu Project in Zimbabwe. They’ve also got a horrible, horrible, financial problem here. It is about, vaguely, possible that … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 29/05/2023 US Memorial Day and UK Spring bank Holiday, markets closed 30/05/2023 Eurozone Sentiment; US Consumer Confidence, Dallas Fed Manufacturing Index 31/05/2023 Japanese Retail Sales and Industrial Production; Chinese PMIs (official); German inflation; Canadian GDP; US JOLTS jobs openings 01/06/2023 Final … Continued
The AIM index has always been a poor performer. It’s the star players you need to keep an eye on. As a long-term investor in small cap FTSE AIM shares, I would say that sentiment on the UK’s growth index feels a tad negative. Maybe it’s just me? The index is down 17.3% over the … Continued
The Bank of England (BoE) is facing an ongoing battle against inflation. Despite interest rates having been aggressively hiked to 4.50% as headline inflation reached double digits, there is more work to be done. Today’s announcement of inflation for April suggests that the work could be considerable. The likely need for further rate hikes (yes, … Continued
As Treasury yields have picked up in the past two weeks, we have seen the USD also strengthening once more. With the US debt ceiling having been hit, politicians remain locked in negotiations to prevent what would surely be a chaotic default. This may have been impacting very short-duration T-bills but further out the curve, … Continued
PREM is just the latest example of why it’s so essential to read the details. Premier African Minerals (LON: PREM) pulled a little trick last week that should be used as the poster child for why we should always, but always, read the details. PREM had a rights issue. Well, nothing wrong in that, they’re … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 22/05/2023 Eurozone Consumer Confidence (flash) 23/05/2023 Flash PMIs for Japan, the Eurozone, the UK and the US; New Home Sales, Richmond Fed Manufacturing 24/05/2023 UK CPI inflation, German IFO Business Climate, FOMC minutes 25/05/2023 US Weekly Jobless Claims, Pending Home Sales … Continued
Gold has been a consistently solid investment over recent months. However, the shine is beginning to be taken off the performance. The drivers that have allowed gold to outperform other metals (that are deemed to be a higher risk) are starting to dissipate. This is leading to a retreat which could drag the gold price … Continued
MNK was up 435% on Friday – this is option-like price movement. Mallinckrodt (NYSEAmerican: MNK) jumped 435% on Friday. Which is the sort of price behaviour we expect from options, not from major corporations. The reason for the volatility – not for the price movement, the volatility – is that in effect MNK stock is … Continued
Oil rebounded yesterday as traders have taken progress in the talks over the US debt ceiling as a positive for market sentiment. This near-term boost may still have legs to run, but the path to sustainable upside looks restricted. There is a whole catalogue of mixed signals impacting the oil price right now, but for … Continued
Polymetal (LON: POLY) (OTCPK: AUCOY) (OTCPK: POYYF) is to move its main listing to the Kazakh stock exchange. The shares fell 25% on the news, then regained 10% the next day on further consideration. The base problem here is that we all know that Polymetal is a well-run and valuable gold miner. It’s also tied … Continued
The mechanics, the politics, McCarthy, and why it really is different this time. Every so often, the prospect of a US default rears its ugly head. The common wisdom is that the government will always push through some kind of ‘fudge,’ an unhappy middle ground that keeps the can kicking down the road. And usually, … Continued
THG (LON: THG), what was formerly known as The Hut Group, fell near 50% last week. Only part of this was about the business itself, a goodly portion was really about Matt Moulding and his ideas. All of which does then lead to the question, well, what next? 117p to 62p really is near 50%, … Continued
This has been a tough period for metals prices in the commodities sector. As so often has been the case, there is a key link between the performance of the USD and that of metals prices. However, with risk appetite and the USD playing a role, this is also meaning that there is a safe … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 15/05/2023 Eurozone Industrial Production 16/05/2023 Chinese Industrial Production & Retail Sales; UK Unemployment; Eurozone Trade Balance; Eurozone GDP (2nd); German ZEW Economic Sentiment; Canadian Inflation; US Retail Sales & Industrial Production 17/05/2023 Japanese GDP (Q1 prelim) & Industrial Production; Eurozone HICP … Continued
The Bank of England (BoE) joined the throng of major central banks in hiking interest rates by +25 basis points today. However, whilst other central banks seem to be close to the end of their tightening, with inflation yet to be tamed, the BoE seems set to continue hiking. The prospect of higher rates in … Continued
Given lockdown of course the airlines got it in the neck – but the long-haul and business orientated lines perhaps more than the short-hop and leisure. This these recent results from IAG (LON: IAG) are encouraging but no more than that. Because that core business of theirs, the long-haul business traveller, seems to be coming … Continued
Inflation has always been a crucial factor in how central banks devise their monetary policy positions. As the Federal Reserve has paused its rate hikes amid mounting signs of recession, the FOMC members will be hoping that inflation begins to accelerate lower. The monthly data suggest they may just get their wish in the coming … Continued
The oil price has been swung around like a rag doll in the past couple of months. The focus on supply factors has been shoved aside as traders have fretted over the outlook for oil demand. Concerns over an impending recession in the US have dominated the narrative. However, this may have become overdone for … Continued
Lloyds, Tesco, and IAG are the three of the most important FTSE 100 companies for their relative importance to their sectors. Recent earnings suggest the trajectory of the UK’s banking, retail, and travel sectors. A bellwether — named for the leader sheep of a flock, which traditionally wears a bell on its neck — is … Continued
Atlas Lithium (NASDAQ: ATLX) could be one of those rare and truly grand investing opportunities in the junior mining space. Someone does, after all, have to find the motherlode sometimes otherwise where would the very phrase come from? One the other hand it’s possible – as some allege – that Atlas Lithium is an over-hyped … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 08/05/23 Nothing of note, UK holiday with markets closed 09/05/23 Australian Consumer Confidence, Chinese trade data 10/05/23 US CPI 11/05/23 Chinese CPI inflation, Bank of England monetary policy, US Weekly Jobless Claims, US PPI 12/05/23 UK GDP (Q1 prelim), UK Industrial … Continued
After the Reserve Bank of Australia hiked unexpectedly on Tuesday, the Federal Reserve and the European Central Bank (ECB) made it a hat-trick of 25 basis points of rate hikes in the past 24 hours. Whilst the caution and pausing signals from the Fed were broadly anticipated, the admission of the negative impact of monetary … Continued
At his May FOMC press conference, Mr. Powell tried his hand at stand-up comedy by saying “banking conditions have broadly improved since March.” Could it really be possible that he can be so blind to what is actually happening within the banking system? A banking system can only function properly when certain parameters are in … Continued
Top Financial (NASDAQ: TOP) might well be the silliest of the recent market manias. There’s really nothing there to make it of interest. Well, nothing as interesting as people seem to think. No, that’s just absurd, and here’s the intraday: No, really, it’s absurd. So what does Top Financial actually do? Now it is possible … Continued
Equity markets had a strong run higher in March and April. However, moving into May the rallies are looking tired. Macro factors are starting to weigh on sentiment ahead of crucial monetary policy announcements from the Federal Reserve and the European Central Bank. Sentiment is threatening to sour and this could mean a period of … Continued
Copper demand will skyrocket this decade. Supply is falling, and inventories are at near-record lows. For the long-term investor, it’s merely a waiting game. In early November 2022, I wrote up an article covering the growing consensus surrounding the emerging copper supply gap. Simply put, copper demand is growing exponentially, and supply is drying up. … Continued
Things do sometimes go wrong, as WANdisco (LON: WAND) and Alphawave (LON: AWE) have just shown – with an able little assist from Altyngold (LON: ALTN). More specifically things sometimes go wrong with the accounting within a company. As is the case with all three of these. However, sometimes – just the sometimes – there’s … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 01/05/2023 China, UK and Europe markets closed for the May Day holidays; ISM Manufacturing 02/05/2023 RBA monetary policy, Eurozone final Manufacturing PMI, UK final Manufacturing PMI, Eurozone HICP inflation, US JOLTS, US Factory Orders 03/05/2023 ADP Employment Change, ISM Services PMI, … Continued
First Quarter GDP increased at only a 1.1% seasonally adjusted annual rate. That was down from 2.6% in Q4 of last year, which was down from 3.2% during Q3. Despite the clear slowdown in economic growth, there still exists a battle between Wall Street’s soft-landing narrative, where inflation comes down in the context of robust … Continued
FAANG stocks are reporting positive earnings so far in Q1 2023. Each holds a useful insight for long-term investing. The FAANG stocks are a long-term investor’s ultimate quandary. All have seen huge growth and market dominance during the decade or so of ultraloose monetary policy; and as interest rates rise and the money supply contracts, … Continued
Last week, I discussed whether the US growth stocks that had driven the rally on Wall Street could keep up the pace. Despite the big tech stocks doing the heavy lifting, there are increasing signs that the Wall Street rally is sagging. Yesterday’s earnings from the tech giants, Microsoft and Alphabet have provided a welcome … Continued
A near-term correction is building on gold. Since peaking at $2039 in mid-April, the gold price has been pulled lower. It is currently trading around three-week lows, with cash gold trading decisively back below the psychological $2000 level. However, this looks to be a near-term move that is likely to be the source of … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 24/04/2023 German IFO Survey 25/04/2023 US Consumer Confidence, US New Homes Sales 26/04/2023 Australian CPI, US Durable Goods 27/04/2023 EU Consumer Confidence, US Advance GDP and PCE 28/04/2023 Bank of Japan interest rate decision and statement, German Unemployment, GDP and HICP … Continued
Equity markets have fluctuated in recent months, but there is a key theme that has developed. There has been a decisive shift in the outlook for US equities since the turn of the year. US growth stocks have decisively outperformed value stocks. This has become the key story of US equities so far in 2023. … Continued
Atlantic Lithium (LON: ALL) is one of those shares that justify the AIM market in London, or the similar parts of the TSE and Vancouver exchanges. There needs to be somewhere that junior (ie, not yet producing) miners can go get the necessary capital. Someone, somewhere, has to pay for the exploration and proving work … Continued
CXApp (NASDAQ: CXAI) was quite the exciting stock last week, jumping from $1.33 to, at one point intraday, $50 or so. It fell off from that, obviously enough. Quite why the massive excitement no one is really quite sure. A recent Spac deal it does something with AI and perhaps that’s enough to get the … Continued
Warren Buffett once famously advised investors to ‘be fearful when others are greedy and greedy when others are fearful.’ He’s not wrong. I am not going to liken myself to the ‘Sage of Omaha,’ nor in any way believe that I will reach the heights attained by the nonagenarian Chair and CEO of Berkshire Hathaway. … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Macroeconomic data: US data is light the coming week, but we do get Canada, UK and EU CPI, plus China GDP, UK Employment and Retail Sales, but standout data for the week is probably the global Flash PMI from S&P Global on Friday Date Key … Continued
The former Soviet state is toeing a delicate line between Russian politics, Chinese protections, and European energy concerns. Uranium is in many ways like lithium. It’s non-fungible, very reactive, and for many years was unprofitable to mine out of the ground. But with nuclear power becoming much more acceptable as a ‘green energy’ source, and … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 10/04/23 Easter Monday holiday, UK and European markets are closed; Fed’s Williams speaks 11/04/23 China CPI; EU Retail Sales; Fed’s Harker speaks 12/04/23 Fed’s Kashkari speaks; US CPI; BoC interest rate decision and statement; FOMC Minutes released 13/04/23 Australian Employment report; … Continued
There has been a re-emergence of a banking crisis in 2023. Suddenly, traders are looking out for key indicators of stress in the banking system. This has brought credit default swaps back into focus. This is enough to put the shudders down the spine of even the hardiest of traders. Credit Default Swaps (or CDS … Continued
OPEC has played this particular gambit before. It didn’t work then, and it won’t work now. Brent Crude — the North Sea oil benchmark — traded for an average of circa $70 per barrel in 2021, $42 in 2020 (when oil went negative for the first time ever), and $64 in 2019. BP CEO Bernard … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 03/04/23 S&P Global Manufacturing PMI (global): US ISM PMI; Fed Governor Cook speaks 04/04/23 RBA interest rate decision and statement; Fed Governor Cook speaks 05/04/23 S&P Global Services PMI (global): US ISM PMI; US ADP Employment change 06/04/23 Canada Employment report … Continued
Inflation, Sino-Western tensions, falling ore quality and excess plant capacity are all creating a flourishing mergers and acquisitions environment. As an investor in multiple LSE-listed mining small caps, and an analyst of the larger titans, I have a fairly wide view of the mining industry. And the key thing I keep coming back to is … Continued
When trading or investing it helps if we know what we’re doing. That means grasping that certain instruments are designed for specific purposes and not just don’t work well, are positively money losing, when used for some other purpose. So, it is with the Direxion Daily Semiconductor Bull 3x ETF (NYSEARCA: SOXL). This is for … Continued
Lake Resources (OTCQB: LLKKF) (ASX: LKE) is a perfectly respectable looking junior lithium miner. Junior, here, means “someone not producing yet”. Junior miners is also where all the excitement is in the mining world – who is exploring, who finds what, who gains finance to actually mine and so on. Some such projects have a … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 27/03/23 Shift to Daylight Saving Time in the UK and EU on 26/03/23; German IFO 28/03/23 Australian Retail Sales 29/03/23 Australian CPI 30/03/23 EU Consumer Confidence; German CPI; US GDP and PCE 31/03/23 Japan CPI; China PMI; UK GDP; German Retail … Continued
Shaun Downey, expert technical analyst, looks at what the charts are telling him about the current fears gripping financial markets. Remember Shaun’s great call for Gold back at the end of January. Gold and Silver trends remain bullish!
UBS (NYSE: UBS) took over Credit Suisse (NYSE: CS) and thereby prevented a bank collapse. More, a bank collapse in one of the world’s top 30 systemically important banks. This stops another Lehman Brothers moment leading to the collapse of the financial system – and yet all other banks equities fell as a result, why? … Continued
Explaining the value interplay between Gold, Bitcoin, the US Dollar, and defensive stocks in simple layman’s terms. When monetary policy is loose, interest rates are low, and growth is cheap. In this boom phase of the economic cycle investors often pile their capital into tech stocks, which thrive on the waters of cheap debt. However, … Continued
The shares of UK Product Group (LON: UKR) went up 62.5% on Thursday 17 March. This means absolutely nothing of any importance and is not something we could have made money out of trading. If we’d even tried to trade it, we would have lost money doing so. This is an important lesson about trading … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 20/03/23 Japan Vernal Equinox Day markets closed; no data of note 21/03/23 RBA Meeting Minutes; German ZEW Survey; Canadian CPI 22/03/23 UK CPI; US FOMC Interest Rate Decision, Projections and Press Conference 23/03/23 SNB and BoE Interest Rate Decisions 24/03/23 UK … Continued
There are at least three things that can kill off a business idea and what we’ve got to decide with Carvana (NYSE: CVNA) and Cazoo (NYSE: CZOO) is which one of the three – or indeed some other – is dragging them down. Only once we’ve worked out why it’s not currently working can we … Continued
One of the more surprising outcomes of the Silicon Valley Bank (NASDAQ: SIVB) collapse and bankruptcy is that stablecoins are not, in fact, stable. The reason being that there’s just no good place to put piles of billions of dollars. Nowhere that’s absolutely, 100%, safe that is. There are varying levels of safety, true, but … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 13/03/23 US switched to Daylight Saving Time on Sunday 12/03 14/03/23 UK Employment report; US CPI 15/03/23 BoJ Monetary Policy Meeting Minutes; China Retails Sales; EU industrial Production; US Retail Sales 16/03/23 Australian Employment report; ECB Monetary Policy Decision, Statement and … Continued
Botswana Diamonds is processing material at Marsfontein. Quality results could be the catalyst investors have been waiting for. Despite a little volatility, Botswana Diamonds (LON: BOD) shares have essentially been on a road to nowhere for years. Down by 13% over the past five years, BOD has however risen by 25% year-to-date. And after peaking … Continued
Funding Circle (LON: FCH) started out as what seemed like a great idea. Let’s go revolutionise the small business lending market! We all know that British banks don’t lend to business, even when they do it’s only against security, there’s a ripe market for the picking there. Since then, the share price has gone from … Continued
This is not a particular exhortation that we should all go out and trade cryptocurrencies. But it is an observation about the cryptocurrency environment. Prices are changing wildly within crypto – that’s great, we’re traders, we want to be able to be on the right side of changing prices. That’s what trading is – being … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 06/03/23 EU Retail Sales 07/03/23 RBA interest rate decision; Jerome Powell testimony to Congress 08/03/23 German Retail Sales; EU Employment and GDP; ADP Employment Change; Jerome Powell testimony to Congress; BoC interest rate decision 09/03/23 Japan GDP; China CPI 10/03/23 BoJ … Continued
Rolls Royce (LON: RR) shares jumped 25 pence, or near 24% in just the one day last week. Being on the right end of that would have been good – which means we must analyse why it happened, so we have a chance of spotting it being about to happen again. The standard story we’re … Continued
We might well want to be able to trade macroeconomic news – so, unemployment, GDP growth, interest rates etc –simply because that’s something that changes market prices. The problem with doing this with any individual stock – say Exxon (NYSE: XOM) is that there can and will be specific issues to do with that corporation … Continued