European markets fell again this morning as traders sat concerned about the impact of a key Federal Open Market Committee due tomorrow. Traders will be meticulously dissecting the minutes with a view to finding out whether the recent spell of positive data from the US will encourage officials to begin with the supposed tapering of…
In my first book on charting, aptly titled “101 Charts for Trading Success” published last year, there was a chapter discussing whether charting or technical analysis could be used to determine whether insider trading has taken place. Sadly for the FCA, this is debateable. In fact, while this form of analysis is useful, I would…
US Treasury Bond prices had one of their biggest moves in recent times on Friday (16/08/13) with the yield on the widely followed ten year bond moving out to 2.83% – a level not seen for over two years according to historical data from Reuters. Moreover, the ten tear bond yield has in fact now…
Do you remember what we said at the start of the year about the Australian dollar and re-iterated in March? See here – http://www.spreadbetmagazine.com/blog/australian-dollar-short-opportunity-remains-intact.html. We have been alerting our readers’ attention to a cracking opportunity that we thought was forming to bet against the Australian dollar. For many years, conditions were favorable for the Aussie,…
WTI Crude hit the 107.99/108.05 target with trend line resistance at 108.25/35 limiting the topside as predicted. We then bounced off the first support at 106.60/50 exactly as predicted. 108.17/25 is obvious resistance today therefore but we are in a 6 day up trend so a break above 108.35 is possible & should target August…
Back on the 7th of August we suggested, somewhat presciently, that there was every chance that we would see a short squeeze in Blackberry. Without wishing to sound too smug, our timing was immaculate and we reposted the article on the 9th of the month with the stock up by 10% since our original comments…
Asian shares outside of Japan have fallen with investors eagerly anticipating the FOMC minutes this week to see if there’s any more indication in regards to potential of tapering in September. The MSCI index has lagged in comparison to US indices as growth slows in China and speculation that the Federal Reserve will curb U.S. bond buying…
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Initially posted 11 Aug 13 The song by the Carpenters, “We’ve only just begun…” was, somewhat coincidentally, playing this week on my car radio whilst I was driving into the office (I guess that reveals the type of radio stations I listen to – yes, I am a big 60’s, 70’s and Motown fan in…
A few days I was back in what I regard as my natural habitat: The King’s Road, Chelsea, and noticed that the Chelsea Building Society was offering mortgages at 1.99% on 65% of the value of a home. So far, so good. But it reverts to 5.72% after the introductory period ends in October 2016.…
