By Dominic Picarda. The standout performer among the markets covered here right now is clearly the DAX. Despite the continuing uncertainty in Washington, the German index has spurted higher overnight, having held up well yesterday. Especially heartening is the current positioning of retail traders. Something like 83% of them are short of this index, according…
After another day of vigorous debate between the two main political parties in the U.S, the top Democrat and Republican in the U.S. Senate were said to be close to agreeing on a proposal to raise the debt limit. It has been suggested that a deal could be struck sometime today, with borrowing authority set…
By Ben Turney. If you are not watching this story, it’s time to switch on. The deficit ceiling debacle is back in full force. News crossed the wires, about an hour ago, that the Republican leaders in Congress have had to admit defeat in their efforts to provide an alternative plan to the bipartisan agreement,…
By Zak Mir. Oil Opportunities: Gulfsands Petroleum (GPX): Extended post July base includes brief sub 50p bear trap Rising trendline in RSI window Bull flag consolidation ahead of 200 day moving average target at 82p Best case scenario on 2-3 month timeframe as high as 110p Rockhopper Explorer (RKH): Current clean 200 day moving average…
By Zak Mir. Click here for FREE download Although SpreadBet Magazine is hot on making the big spread betting calls, I believe it also falls on our shoulders to help explain the mechanics of this form of trading. While there are many professional traders and investors who use spread betting as a weapon in their…
China Invented Every Form of Money China: Invented every single major form of currency: shell money, metal money, paper money, and fiat currency not backed by any tangible commodities Seized gold six centuries before Franklin Roosevelt, in order to prop up its fiat currency and prevent runaway inflation Debt Forgiveness Is The Basis for Modern Civilization Religions were founded on the concept of debt forgiveness. For…
By Sasha Cekerevac. The last Federal Reserve meeting on September 17 and 18 was one of the most shocking in recent memory. It wasn’t shocking what the Fed did; rather, it was what the Fed didn’t do that was shocking. After such a long period of quantitative easing, the market was expecting the Federal Reserve…
Risers: Rio Tinto, +3.4% Leading the way amongst FTSE 100 constituents, Rio Tinto investors have much to cheer. Rio has posted strong rises in output amongst a number of commodities including diamonds, iron-ore and coal whilst also raising the annual copper output target. WPP, +2.33% Shares in the advertiser have surged after confirming the acquisition…
By Ben Turney. Last week’s joyous market rally, in response to the Republican offer to extend the debt ceiling by six weeks, was absurd. Quite exactly why a marginal stay of execution was a reason to buy stocks is beyond me. American politicians have had over two years to reach a resolution, since the deficit…
Positivity it likely to drift into the market today as Democrat and Republican Senate leaders made progress in talks on a deal to postpone the debt ceiling limit. The agreement is set to suspend the debt limit through February 2014, funding the government to January and require a House-Senate budget conference in December. Asian…
