The markets are relatively subdued this morning waiting patiently for this afternoon’s September US non-farm payroll data at 1.30pm GMT. Expectations are for a gain of 100,000- 110,000 jobs with the unemployment rate at 8.2%. The August data from the US Bureau of Labor Statistics showed total nonfarm payroll employment rose by 96,000 and the…
All the analyst commentary surrounding the platinum price and the overwhelming bearishness has our contrarian noses twitching so we decided to look at the current supply:demand “imbalance” that has been held up as the reason for its underperformance this last year. Platinum demand and supply 2009 to 2011 We can see that the statistics…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements John Wood Group states that conditions in energy markets remain favourable and that it stays confident of achieving its full year performance Kcom announces that it has performed in line with the expectations UK Market News In UK politics…
From the iii bulletin board on Ceres Power – a post that echoes our questions of earlier today… “Misleading RNS in July – some questions It’s worth looking back at the RNS of 27 July which reassured investors that everything was on track for a product launch in 2016. They said they had £10.2m in cash…
Many people will understand the idea that gold, priced in US dollars, is likely to appreciate if more dollars are printed. The question however, is by how much? Two facts are worth noting. The first (whatever your views on gold as a currency) is the extraordinarily close relationship between the price of gold and the US…
I must admit to having my jaw hit the floor this morning in relation to the announcement from Ceres Power’s management per below – Funding Update Following recent announcements regarding Ceres’ funding requirements, the Company announces that, despite extensive efforts it has been unsuccessful in securing sufficient funding for the business going forward. The Company…
As global growth retreats, in particular in Asia, demand for commodities is also dropping creating a surplus that is pressuring down prices. Iron ore, a commodity highly correlated with China’s growth, has seen its price in particular slashed by 45% since February last year as China’s growth has come off the boil. Copper in contrast…
You would think that with over £1 trillion of national debt, the government would start being rather more careful with our money! But apparently not, with yesterday’s revelation that the botched bidding process for the West coast rail franchise would cost taxpayers £50 million to repay the bidding costs of those taking part in the…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Halfords announces group Q2 retail gained 4.3% and that it has a good pipeline of new centres Victrex states that the positive trend growth in H1 has continued in H2 Carillion states that it is well placed…
I remember from the Million Dollar Traders programme a few years back on the BBC that one of the contestants plumped for a short in plumbing materials group Wolseley (WOS). The problem was that even at that time over three years ago traders were being carted away on bear positions in the stock, as apart…
