2 days ago
FTSE 100 rebounds strongly on US jobs beat; Taper expectations brought forward; Oil, housing stocks provide a lift.
FTSE 100 rebounds strongly on US jobs beat; Taper expectations brought forward; Oil, housing stocks provide a lift. 2 days ago
Housebuilder Berkeley Group surged on Friday after reporting a 19.2 per cent jump in first-half profits and saying that full-year earnings could come in at the top end of analysts' expectations due to an earlier-than-expected completion of one its housing schemes in London. 2 days ago
Oilfield services group Petrofac rebounded on Friday, a day after heavy falls on concerns about guidance at its investor day on Thursday. 2 days ago
- FTSE 100 rebounds from worst level in eight weeks 2 days ago
Housing and oil stocks provide a lift; Focus on Fed ahead of non-farm payrolls; Berkeley jumps as strong housing demand boosts H1 results. 2 days ago
Markets are expected to open slightly higher on Friday morning, rebounding after recent losses which have sent the FTSE 100 to an eight-week low, as investors look ahead to some key economic data out from the States this afternoon. 3 days ago
Regular readers will know whilst deep down I am a trend follower I will also take a contrarian view and also look for signs of beaten up stocks that are making a turnaround.
Two stocks both mentioned here before that have done extremely well for me and anyone brave enough to follow me are Citigroup (C) and AIG (AIG). Yes, both stocks would have gone broke had the US government not bailed them out, but that is the distant past and Uncle Sam is out of both and made money out of saving both companies.
It is often claimed that currencies have a tendency to depreciate during their home business hours. Lets look at how we can use this knowledge to trade the forex market profitably.
An academic study published in 2007 by Francis Breedon and Angelo Ranaldo thoroughly analyzed 10 years of historical data from 1997 to 2007 and not only found that this depreciation bias was a statistical fact, but also that it could be used as the basis for a profitably strategy on the EUR/USD pair, even after commission/spread costs were factored in.
China-based logistics services provider China Chaintek is a profitable, cash generative business offering a dividend.
A lack of capacity will hold back short-term profitability but the company is on course to significantly expand its distribution facilities and reap the benefits in terms of earnings growth.
A small entity of investment houses and traders believe we could see a token taper from the Federal Reserve as early as next month and this has given the dollar a degree of resilience despite the fact that we have seen some data points miss in the past week or so.
As we approach the release of the Non-Farm payrolls number we could well see that faction increase in numbers which will support the greenback and of course any beating of expectations i.e. a number greater than 185,000 will embolden the dollar bulls.
It is that time of year again – almost the beginning of December, and by extension, almost the end of the calendar year. The coming months of December and January are viewed by traders with an equal mixture of awe and suspicion – let's examine why that is and whether it is justified.
Trading folklore views January as an opportune time for a trend to start, and December as a month that either gives a great move or is as flat as a pancake.