By Investment Contrarians A common question that I receive from readers is in regard to gold bullion. Many people over the past few years have begun allocating a portion of their investment strategy into the yellow precious metal and are curious about what’s possible in the near future. Naturally, with gold prices down over 20%…
FORWARD GUIDANCE IS ALREADY HERE In his annual budget in March, UK chancellor George Osborne asked the Bank of England to review the case for using so-called “forward guidance” in its August Quarterly Inflation Report (QIR). The expectation is that some form of forward guidance will be announced on Wednesday. Back in March, the direction…
By Jason Sen – Daytradeideas FTSE Sep13 gave us our selling opportunity at 6577/80 & topped almost exactly here at 6583. We did then continue lower as expected to good support at 6510/00 & bottomed almost exactly here at 6514. This is good support again today as we start to look oversold short term but…
European markets started the day in the red today as comments from Chicago Fed President Charles Evans that central banks could begin the feared tapering of stimulus measures as soon as next month dealt optimism a devastating blow. Although the Fed admitted that it would wait to see the strength of second-half economic data before…
As Barack Obama broke the norm and dispelled long held prejudices by becoming the first elected black US President, many are asking if Janet Yellen will also make history by being appointed as the first FED’s chairwoman and indeed, arguably the most powerful woman in the world? That question will remain unanswered until this year’s…
By Ben Turney Yesterday, the Hindenburg Omen fired for the second time in a week. This is also the second time this summer that the signal has made its presence repeatedly within a short period of time, and is very reflective of general investor jitteriness about the health of US stocks. Six weeks ago I…
European stocks continued their sideways trend as investors seek further catalysts to spur more gains. US futures are testing record levels again in light volume with yesterday being the lightest full-day action this year. This shows investors are now turning away from the markets at these historic levels and waiting for more clarity from central…
By Investment Contrarians Another record for the S&P 500 last Thursday. More money in my trading account. So why, then, am I not that pleased to see record levels and great advances in the stock market? Here’s the thing: the gains in the stock market are great, but it’s not an easy market to trade…
With effect from today, we offer up a day trade idea on many of the major markets (different each day) courtesy of Jason Sen at www.daytradeideas.co.uk and starting this morning with WTI Oil – WTI Crude did try a break higher but failed below the 107.90/108.00 target & sold off to the 105.75 level…
