European markets started the day in the red today as comments from Chicago Fed President Charles Evans that central banks could begin the feared tapering of stimulus measures as soon as next month dealt optimism a devastating blow. Although the Fed admitted that it would wait to see the strength of second-half economic data before…
As Barack Obama broke the norm and dispelled long held prejudices by becoming the first elected black US President, many are asking if Janet Yellen will also make history by being appointed as the first FED’s chairwoman and indeed, arguably the most powerful woman in the world? That question will remain unanswered until this year’s…
By Ben Turney Yesterday, the Hindenburg Omen fired for the second time in a week. This is also the second time this summer that the signal has made its presence repeatedly within a short period of time, and is very reflective of general investor jitteriness about the health of US stocks. Six weeks ago I…
European stocks continued their sideways trend as investors seek further catalysts to spur more gains. US futures are testing record levels again in light volume with yesterday being the lightest full-day action this year. This shows investors are now turning away from the markets at these historic levels and waiting for more clarity from central…
By Investment Contrarians Another record for the S&P 500 last Thursday. More money in my trading account. So why, then, am I not that pleased to see record levels and great advances in the stock market? Here’s the thing: the gains in the stock market are great, but it’s not an easy market to trade…
With effect from today, we offer up a day trade idea on many of the major markets (different each day) courtesy of Jason Sen at www.daytradeideas.co.uk and starting this morning with WTI Oil – WTI Crude did try a break higher but failed below the 107.90/108.00 target & sold off to the 105.75 level…
European markets were range bound this morning as investors showed symptoms of fatigue after an exhausting time last week owing to a raft of corporate and economic data. Although there is still a tranche of corporate data due from the US today, at least traders will have not have to grapple with the same volume…
According to figures recently released by the US CFTC (the Commodity & Futures Trading Commission) hedge funds have reduced their long exposure to Gold over the course of July and this was in fact the first time that the “Hedgie’s” had trimmed their long bets in five weeks. The net reduction in their futures and…
