The yen weakened to the lowest since August 2010 amid continued speculation that newly elected Shinzo Abe will exert political influence on the Bank of Japan to inject more cash. Japan’s currency dropped 0.5 percent to 86.46 per dollar overnight and the Nikkei 225 index climbed another 0.7 percent to close with the biggest annual gain since 2005.…
UPDATE – A question posed on the LSE B/Board – “If the plan is to take over completely why did they (IP2IPO & ORA) not just buy Ceres outright at the time of the offer? Why bother issuing mllions of shares getting ~25% each? Why not just buy outright immediately?” Answer – because they would…
Looks like our prediction of 6000 before the year is out is just about to be hit (see here -http://www.spreadbetmagazine.com/blog/category/technical-analysis)… Just one positive noise out of the US re the fiscal cliff and we are sharply through it. If you want to be part of a new spread betting fund management service that has now…
As we can see in the chart below, AAPL is now trading at historically low valuations with some $250bn lopped of its market cap over the last 10 weeks. In fact, ex cash, the stock is trading on around 8 times earnings – almost a 40% discount to the S&P 500. If the company were…
We can see in the weekly chart below that the Gold price has now dropped below a very important & long-term rising trend line. The yellow metal has largely been contained in a trading range this year between $1540 and $1800/oz. Should the bottom of that range be violated, then gold would be in serious…
Scotia completes campaign Falkland Oil and Gas (FOGL) completed its two well drilling programme in the Falklands in December 2012. The second well Scotia encountered hydrocarbon bearing sands, thereby proving the play and demonstrating that the stratigraphic trap is present and working. However, the reservoir quality was poor and the campaign has ended with the…
Something that is fascinating to me in an age of “information overload” in which we are usually “treated” to every single possible angle on a major issue, is that it is possible for some scenarios / ideas to slip through the net – a bit like the proverbial “black swan”. In the case of the…
“Super” Mario Draghi in festive mood! The traditional “Santa rally” played out very well during December, in particular for Japanese & European equities – the former, precisely as we predicted here – http://www.spreadbetmagazine.com/blog/sentiment-indicators-point-to-rally-in-the-days-ahead.html and here – http://www.spreadbetmagazine.com/blog/japanese-equities-dont-miss-the-train.html. US equities in contrast are struggling to close the month in positive territory, being hit on Thursday evening…
From today’s Telegraph. Gulfsands Petroleum on the road to Morocco: Until the start of last year, Gulfsands Petroleum’s business was performing very well and management had significant operational success. However, its main producing asset was in Syria – and the company is now in the process of transforming itself by moving into new territory. Gulfsands operates…
