European equities have opened mixed this morning, following one of the sharpest sessions of selling seen for weeks. Concerns over the market’s belief that interest rates are set to rise in line with a sell-off in the bond market has spooked equity investors into demanding a greater risk premium. Claimant count figures from the States…
Regular readers of SpreadBet Magazine and our blog will know that we switched our stance on gold to bullish earlier in the summer. Fortuitously for us, this also coincided with the near term bottom in the market. Since the end of June, the precious metal has been in fairly solid recovery mode and is up…
Brent Crude has made it to Fibonacci target & resistance of 110.55/65. We are overbought short term so it is worth profit taking and perhaps trying shorts with stops above 111.00. A break higher sees a move towards 111.25/33 then April highs of 111.79. Any profit taking here should see us back at 109.90/85. A…
As I have stated before, I was rather late getting involved in small or penny stocks, especially those trading on AIM. However, even though the corporate governance area of this part of the stock market still leaves a lot to be desired, presumably now that you can place AIM stocks in your ISA, it may…
Asian shares fell overnight amid mixed corporate earnings across the region, with the regional benchmark index falling some 0.4 percent. Sony was one of the notable poor performers, sliding around 6 percent as Japanese exporters wrestle with a rising yen. Less than 50 percent of members that have reported earnings this season posted profits that beat analyst estimates.…
Deutsche Bank Special Topic: Red flag! – The curious case of (NYSE) Margin Debt A recent survey by the Create consultancy of >700 asset managers globally, managing USD 27.4 trillion between them, found that 78% of defined-benefit plans would need annual returns of at least 5% per year to meet their commitments, while 19% required…
This past weekend, I was at a barbecue at a friend’s house. While we did talk about such usual topics as the upcoming NFL season as well as the ongoing soap opera that is Alex Rodriguez, one of the questions I was asked was about the Federal Reserve. More to the point, my friend wanted…
Copper made it to our target of 334.25/75 & topped exactly here. Immediate support is 329.25 & is holding the downside but a break lower looks likely for a test of better support at 327.10. Watch for a bounce from here but if trying longs we need stops below 326.00 for 324.20 on the way…
Below is an extract of excellent piece of commentary by John Hussman discussing the market conditions that currently exist and that, more importantly, have previously existed at major turning points in the market. “We can now restrict market extremes matching the present instance to seven instances in history: 1929 (at least on the basis of…
MINUTES WATCHED FOR SIGNS OF DISSENT Minutes to the Bank of England’s (BoE) meeting on 1 August will be released on Wednesday; they are expected to reveal how much support governor Mark Carney had for launching forward guidance – which we know was discussed at the regular meeting held one week prior to the announcement. …
