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The daily chart details how the euro rallied from the 2012 lows, at 1.203, through to the highs last month at 1.3711. Following the breach of this strong trend, red line, the currency has slipped down to the retracement lines calculated over this move, red lines. The price action has just posted some near term…

News this week that, literally at 6ft 7”, larger than life German hedge fund manager Florian Homm was caught in an art gallery in Florence, provided me with an opportunity to look back over this curious case of fraud… The co-founder of what was (rather inappropriately named) Absolute Capital Management Holdings faces criminal charges that…

13 Mar 2013 Cantor Opening Call The FTSE is seen opening down around 15 points lower this morning       UK Corporate Announcements Hochschild Mining details full year revenues of $818m and an adjusted EBITDA of $384m with revenues down 17% and that inflation concerns and scarcity supports its outlook G4S announces full year…

If you’re a billionaire currently living in New York City then, as strange as it may seem, it just might be time to decamp your investment firm to Puerto Rico. Well, that’s what none other than John Paulson is reportedly considering in order to escape punitive taxes in the US with the forthcoming change in…

The year has certainly started very well for almost every asset class and currently, all the main global equity indices are well and truly in positive terrain. Just look at FTSE 100 and FTSE 350, for example. The British indices are up 9.1% and 9.5% respectively. And if we look at FTSE 350 sector indices…

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…