UPDATE – In excess of 5% of the company’s stock turned over so far and, we understand, working buyers in the background. This type of volume is generally always the precursor to news (seems the FSA just cannot crack down on leaks no matter how hard they try, someone is always looking to trade…
For more trading insights and exclusive access to FatProphets Virtual Trading Room for a full month click here Market action overnight was mixed but the announcements which could determine the direction of equity markets for the remainder of this year were anything but. What was highly significant in my view was the co-ordinated action by the central…
The closely watched June U.S. non-farm payrolls employment data will be released at 1.30 pm UK time, with expectations that the economy will add 100,000 jobs. The data disappointed markets when it missed estimates in April (+77,000 jobs) and in May (+69,000 jobs), sending the global stock indices down signficantly over the following days. Yesterday,…
So the Americans came back off holiday. Most news out today was as expected or a little better up until 3pm when we had the ISM Non-Manufacturing PMI which came in under expectations. I was watching the Dollar Index on FXCM as it was not looking very Bearish, which is what I wanted to see.…
Our fellow blogger – Contrarian UK has spelt out the case on Xcite Energy on numerous occassions in our blog and we have also written about the company in previous editions of our magazine. Aside from the fundamental backdrop, our traders gut tells us that the downside here is far, far less than the potential…
Another day, another bout of stimulus into the UK, European and Chinese economies. The Bank of England today announced a £50 billion increase in quantitative easing (QE) to £375 billion and it left interest rates at a record low 0.5%, a level maintained since 2009. The BOE will continue to buy more Treasury bonds…
When the British economy fell back into a recession at the end of last year, Ryan Hall, 24, lost his job, his home and the means to feed his family. His employer, a retail company, first reduced his hours and then eliminated his job altogether. No longer able to pay the rent, he was forced to seek emergency…
A tale of two CEO’s Another scandal and another disgraced CEO has been forced out of a job but Barclays’ former top man Bob Diamond will not be worried about being unemployed. Although he was in the hot seat for just 18 months, Bob Diamond’s earnings over the last 5 years totaled a staggering £120 million…
With the US closed for Independence Day financial markets were quiet yesterday. Most of the European bourses closed slightly lower after a quiet day of wafer-thin trading. Some weak data releases highlighted some of the fears regarding the headwinds facing the global recovery, but this is having the effect of boosting expectations of further central bank…
