The FT reports today that City Index is selling its US retail FX business. The division has been a relatively small revenue generator and this is being done in order to free up around $30m of encumbered regulatory capital. With the pound hovering around $1.50, now is a very prescient time to repatriate dollars too.…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, February 25, 2013 UK Reporting: Afren Plc, AFR, (Pr), African Barrick Gold Plc, ABG, (Pr), Associated British Foods Plc, ABF, (R), Barclays Plc, BARC, (SM), Bovis Homes Group Plc, BVS, e, (CC), Bovis Homes Group Plc, BVS, (R), Bunzl Plc,…
It has been an intriguing past 24 hours for this financial markets blogger. Thursday witnessed my first ever trip to the fine city is that is Leeds, Yorkshire, the heartland of the editor of Spreadbet Magazine. The itinerary consisted of a trip to a very traditional cosy pub (suitably cold weather was all enveloping) followed…
My blog this week is not such a hard call to make, the loss yesterday of the UK’s AAA rating, in this instance a downgrade by Moody’s to Aa1, will have some very predictable effects. Firstly, both the other main agencies are likely to follow suit as the UK is presently on negative watch and…
We began buying silver earlier this week – a little too early in hindsight but, as the saying goes, “nobody ever rings a bell at the top or the bottom”. As we shake out the last short term bulls and revisit the lows this week, we take the opportunity to add extensively to the position…
Contrary to many market commentators assertions, and also the headline unemployment figures that the US authorities are putting out, jobs creation in the US is still extremely lacklustre. The great financial crisis actually doubled unemployment in 2 short years – testimony indeed to the severity of what the US economy faced and although it has…
The 10 Rules Of Investing 1. Markets tend to return to the mean (average price) over time. Like a rubber band that has been stretched too far – it must be relaxed in order to be stretched again. This is exactly the same for stock prices which are anchored to their moving averages. Trends that…
As regular readers will know, we have a bear call on gold although this has been tempered in recent days as we expect a short term bounce back towards $1650 in the next few weeks. Our bear call is fleshed out in the guide below and we are shortly to release a new guide expanding…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 22 Feb 2013 Cantor Opening Call The FTSE is seen opening up around 25-30 points today, recouping some of yesterday’s moves UK Corporate Announcements Millenium & Copthorne announces full year pre-tax profit of £171m down 11.4% and details that…
