Swen Lorenz

ICAP’s takeover of Plus is central to the broker’s plan to move aggressively into futures trading for the first time and tackle the dominance of the NYSE Euronext and Deutsche Boerse exchanges. Analysts view the deal as a move by the broker to pay a cut price for PLUS’s exchange licence, a potentially attractive asset…

Board of DirectorsPlus Markets Group plc33 Queen Street,
London EC4R 1BR Dear Sirs, Plus Markets Group Plc (the “Company”) As one of the Company’s largest shareholders, without whose funding the Company may have already ceased to exist, we are extremely disappointed at the contents of the announcement made on 8 June 2012, which we believe is…

Markets remained upbeat, spurred on by the first rate cut by the Central Bank of China since 2008. The S&P and DOW have held onto this week’s gains while key European indices were all in positive territory. The eagerly awaited testimony before Congress from Fed Chairman however disappointed markets, but was still insightful in our…

Shareholders in Plus Markets, the embattled junior stock exchange, say they feel misled by the company’s management over its financial health. The comments come amid growing investor anger over the proposed sale of the stock exchange to interdealer broker Icap.Furious Plus investors claim they were ‘misled’ Plus Markets announced it was winding down on May…

Four charts shedding light on:- i) Spain 10-year yields heading towards 7%ii) BRICS are insufficient to hold up the global economyiii) A coordinated central bank FX swap operation is unlikely at this pointiv) Broad-based deterioration in eurozone macro dynamics   Source of image – Bloomberg 1. Spanish bond yields: 7% beckons As Spain’s 10-year bond…

Market Trends Cash prices except Crude Oil (July) S&P 500 EUR/USD Gold Crude Oil Trend Up Down Down Down Buy or sell Buy Sell Sell Sell Trend change below 1310 above 1.2600 above 1583 above 92.2 Probability of trend change 50% 50% 50% 50%   Trends over the next 1-2 days. The trend is likely…

Good news over the weekend from Greece sent the futures higher this morning and major European indices opened with a gap up. It’s a US holiday today, so while our friend’s stateside take a rest for Memorial Day European trading may be a little subdued. last Thursday I gave a technical argument for a bullish…

Cash prices 7th resistance 5820 Previous high 6th resistance 5735 Previous resistance line 5th resistance 5603 61.8% Fib retracement 4th resistance 5557 200-day moving average 3rd resistance 5409 Previous high 2nd resistance 5385 Yesterday’s high 1st resistance 5375 Previous support line 1st support 5351 55-90min moving average 2nd support 5312 Yesterday’s low 3rd support 5268…

There is a saying that “good things come to those who wait”. Trouble is, most people can’t, or won’t, stick around for long – at least not when it comes to their money, and particularly so in the quick-fire arena of spreadbetting where instant riches are ‘expected’.   The above table is particularly interesting as…

If you are short: 1st resistance at 5389 (55-90min moving average). Weak stop loss above that level. 2nd resistance at 5409 (previous high). Fair stop loss above that level. 3rd resistance at 5557 (200-day moving average). Strong stop loss above that level. If you are long: 1st support at 5263 (yesterday’s low). Weak stop loss…