The main take-away message from today’s release of US retail sales is that they have shown their longest losing streak (declines) since late 2008, at the centre of the financial crisis.But we must also note that US retail sector jobs have tended to peak out before the top in retail sales in the last two…
And so to Part 2 of my “fiscal cliff” feature. What’s a “fiscal cliff”? If you’re not sure, all is about to be made clear. But first… a reminder of what I wrote about last week. The idea was to set the scene for what might happen at the end of this year by reminding…
Although I am following a London Stone Trading strategy for the Daily Time Frames that I am involved in, I am keen to put in some work to find a way to mitigate the losses when I get a false signal or when the market conditions change. I had a feeling that the EUR/USD would…
The price action above needs no explanation from technicians needless to say it is a bullish signal. We have taken a small long position at 1.2240 – targetting 1.24 in the coming days.
FTSE 100, Daily The FTSE over the past week has traded down to the lower end of the trading range we highlighted a week or two ago. So the price action so far has behaved largely as expected. The question for the week ahead is whether the buyers will now re-emerge? The index has seemed…
Another day in AIM oil and gas, announcing poor funding deals or even lack of deals! This time around its Sound Oil and Max Petroleum. Italian and Indonesian focused oil explorer, Sound Oil, today announced a private placement and open offer through Astin Capital Management Ltd. The Company is issuing another whopping 774,341,464 new shares in exchange…
What do The Beatles have to do with the stock market? Everything, says Robert R. Prechter, Jr., one of America’s leading stock market analysts and founder of Elliott Wave International, the world’s largest market forecasting firm. Prechter has developed a new theory of social causality called socionomics. It postulates that waves of social mood regulate…
Borders and Southern spudded the 61/25-1 well on the Southern Falkland basin Stebbing prospect on 11th May and today, over two months later, the company announced that the well was unable to reach lower targets due to anomalous pressure conditions with strong gas shows. Despite additional contingency well casing, they were unable to evaluate the…
Nokia shares hit a fresh 16 year low last week moving below €1.50 (down 63% in the last year) on news that it was continuing to lose share of the smartphone market in the United States and also cutting the price of its flagship Lumia 900 phone from $99 to $49. An act of desperation…
Monday, July 16, 2012 UK Reporting:- Evraz Plc, EVR, (R), Logica Plc, LOG, (SM), Sage Group Plc/The, SGE, (R), Sthree Plc, STHR, e, (CC), Sthree Plc, STHR, (R) S&P 500 Reporting:- Cintas Corp, Q4, 0.6, Citigroup Inc, Q2, 0.893, Gannett Co Inc, Q2, 0.534, Euro Stoxx 600 Reporting:- Kuehne & Nagel International AG, Q2, 1.08 Economic Data:- 00:01…
