FTSE Daily In the past couple of weeks the FTSE had posted some minor profit taking. However the price action in recent days has lifted the index back to fresh multi year highs and the index has maintained the near term bullish trend, black line. The RSI over this period has posted bearish divergence, as…
Cable Weekly Since 2009, cable has been in a tightening formation (black lines above), however the price action has broken lower in recent months. On breaks of trend lines retracement levels can often prove useful. The retracement lines calculated from the highs/lows in 2009 have proved to be of interest in recent years, particularly the…
12 March 2013 Cantor Opening Call The FTSE is seen opening around unchanged on the open today UK Corporate Announcements Antofagasta announces full year net sales of $6.74bn from $6.08bn, with net profit down 17%, citing costs and impairment charges, but lifts its dividend payment Inchcape reports a full year pre-tax profit of £251.5m…
The US Federal Reserve recently released its Z1 – Flow of Funds report for the last quarter of 2012. This report shows the composition of US households net worth as detailed by asset and liability classes. According to the report, it seems US households have reasons to be happy since their net worth is now…
Cantor Opening Call The FTSE is seen starting the week flat to marginally higher UK Corporate Announcements Anite states that nine month revenues were broadly in line with the expectations Hansteen reports full year revenues of £77m from £64m and an adjusted pre-tax profit of £46.2m from £8.9m Soco announces its full year…
Having failed to get into Oxford in the late 1980’s after arguing with an Oxford economic don regarding the true influence of the Japanese economy on the West, I’m guessing that over a quarter of a century later the academic is now presumably pushing up the daisies, and revenge is very, very belatedly all mine…
It’s not the ’82 bull market, but it sure does look like it Investors often remember bull markets as days of wine and roses. However, those fond memories are largely based on the latter stages of a bull market during which investors are convinced that there is indeed a bull market underway and that it…
BUY Avocet Mining Light at the end of the tunnel PRICE: GBp25.5 | UK | MINING, METALS | AVM.L | AVM LN 2012 Full year results n Event: Avocet has announced full year 2012 numbers which are in line with Liberum numbers (revised down February). Gold production of 135k ozs (2011:167k ozs) generated EBITDA of $48.3m and PBT…
Over the last few months, we have alerted our readers’ attention to the opportunity that has been forming to bet against the Australian Dollar. The so called “Aussie” has been rising against most other currencies since 2008, recording a stunning 35% rise against both the US Dollar and the British Pound and being way out…
