FTSE Sep13 held on to 6382/78. The outlook is negative & we are establishing a down trend this month so below 6417/16 risks a retest of yesterday’s low at 6387. Be ready to go with a break lower today for 6364 & may be as far as August lows at 6346. A bounce from here…
Risers Vodafone, up 8.5% Vodafone has confirmed today that it is in talks with Verizon Communications to sell its 45% stake in their joint venture company Verizon Wireless. Talk between the two parties have cooled off in recent months but now it seems talks have reached a more serious level. The deal will likely cost…
Technical Analysis: Aminex (AEX) On the daily chart, Aminex’s (AEX) shares are currently looking at a “high profile bull flag reversal formation”, with the floor of the flag currently running level with the 20-day moving average and initial August resistance at 2.1p. The view, on this basis, is that we should assume that there…
European markets opened firmly today as investors finished taking as much risk out of their portfolios as they could bear. However, volumes are once again proving painfully thin as many seem to be adopting a wait-and-see-strategy over whether the West will confirm military intervention in Syria. Investors seem to be rattled by reports that energy…
Send lawyers, guns, and money: what does Syria mean for the oil markets? Geopolitical analysis In recent days, the US has been leading a drive to use military action to punish Syria for the alleged use of chemical weapons last week. The severity and tone of the threats and rhetoric has been getting stronger, not…
One of the features of the noughties mining booming was the listing in London of a number of large mineral resource companies from the former states of the USSR. State assets that were bought up in the rounds of post glasnost privatisations were packaged together to form corporate entities which could gain the cache…
In what will be his maiden speech as Bank of England governor, Mark Carney plans on using this opportunity to address investors doubts that he can keep interest rates on hold at record lows until at least late 2016. Carney introduced so-called forward guidance this month to prevent a pickup in borrowing costs from undermining the…
Emini S&P Sep13 headed lower as predicted to test the 100 day moving average & strong Fibonacci support at 1633/30 but we broke lower near the close & over night have hit 1626. This is quite a good Fibonacci support in a short term oversold market. We are in a 4 week down trend & only back…
