UPDATE – MON 08:15AM – Looks like someone’s reading our blog and denying us the chance thus far to fill our boots sub 60p. Fridays after hours RNS by RPO management was a bit of a surprise to say the least… After a positive statement on the 19th November in which CEO Don Wolcott re-affirmed…
Despite plenty of talk regarding the possibility of a major sell off in bonds this year, albeit with U.S. Treasury bonds (so far) following this prediction, investor appetite for junk bonds seems to be undiminished. The average yield on U.S. junk bonds dropped below 6% for the first time ever in recent weeks. Last week…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Week commencing 7 Jan 2013 Monday, January 7, 2013 UK Reporting:- Aegis Group Plc, AGS, (Pr), Afren Plc, AFR, (Pr), Astrazeneca Plc, AZN, (Pr), Barclays Plc, BARC, (Pr), Cairn Energy Plc, CNE, (Pr), Costain Group Plc, COST, (R), Easyjet Plc, EZJ,…
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Whilst reading this morning’s newspapers and the revelation that Wonga.com has been forced to write off a whacking 41% of revenues in bad debts (so much for selective, stringent lending procedures eh…?!), it led me to a related news story regarding the fraudulent UBS trader – Kewku Adoboli and the revelation that he lost £123,000…
There are many things that beggar belief in the 21st century, including what our collective ideas of morality (clue – we have none), values (X Factor contestants!), our betters (X Factor judges!) and money (load of printing of it via QE) are. Indeed, it is ironic that after the great asset bubble of 2003 –…
No great surprises from the latest U.S. non-farm payroll data, with 155,000 jobs created in December 2012 – in line with the average for 2011/12, and the unemployment rate was unchanged at 7.8%. Analysts were expecting 160,000 jobs or so to be created. The lack of a really big surprise on the upside for the payroll…
Obama v Boehner! On the first day of 2013, the US Congress finally settled the so called “Fiscal Cliff” issue that had hung over the markets in the dying days of 2012. The deal has, thus far, been seen as positive and markets have reacted very enthusiastically registering gains that have taken them back towards…
04 Jan 2013 For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Euro Monthly The euro monthly chart above shows how the currency has had a relatively strong performance over the past 10 years despite the wider concerns in the past few years. Retracement levels can often prove useful…
We hope to maintain our 90% success ratio (how many can match that – “anal”ysts and other publications?!) this year and kick of 2013 with a new Trade play in our old friend, the “sterling-Oz” pair. The pound remains around 25% undervalued against the Ozzie, and as you can see from the weekly chart below,…
