21 hours ago
The average asking price of properties in the UK has reached a record high above a quarter of a million pounds for the first time, according to data from real estate website Rightmove.
The average asking price of properties in the UK has reached a record high above a quarter of a million pounds for the first time, according to data from real estate website Rightmove. 21 hours ago
Paul Tucker has resigned as Deputy Governor of the Bank of England, leading to suggestions the Bank's Monetary Policy Committee (MPC) could move in favour of a more activist monetary policy. 4 days ago
UK commercial property prices grew for the first time in 18 months in May thanks to an upturn in the office and industrial sectors. 4 days ago
The Bank of England's remit for flexibly targeting inflation - to achieve price stability - is the key part of its mandate and continues to be its primordial goal, according to remarks by Monetary Policy Committee (MPC) Ian McCafferty delivered at an event hosted by The Wall Street Journal at Eight Members Club, in London. 4 days ago
UK construction output fell by 6.5 per cent month-on-month in April in non-seasonally adjusted terms, according to the latest data from the Office for National Statistics (ONS). 4 days ago
The mortgage industry has called for a government shake-up of the sector to help banish the 'considerable' current uncertainty and has demanded a further stimulus to the rates of new house building. 4 days ago
From a purchasing power point of view, Sterling above 1.50 USD seems difficult to justify and with Mark Carney taking the reins at the Bank of England from July we may already have seen Sterling's 2013 year high. Carney has been a strong advocate of more QE in the UK, which would drive Sterling sharply lower.
Sterling’s sharp rise against the US dollar has caught many by surprise, the currency has recovered from 1.51 USD in May to the current 1.57 USD level. However, the 1.57 level is proving difficult to cross and we won’t be surprised if the USD now begins to regain some ground and take Sterling back to below 1.55 USD over the next couple of weeks.
Fears over a reduction in global liquidity as central banks scale back easing measures sends emerging markets in a rout with slowing global growth adding to the malaise.
EM’s have been the biggest beneficiaries of loose global central bank money over the years; central banks around the world have pumped in $12trillion of extra liquidity since the financial crisis of 2008, preventing a systemic risk in the market.
Over the last few weeks global equity prices have fallen quite sharply, the FTSE 100 has fallen from 6875 which was reached on 22nd May (only 120 points from its all -time high set in December 1999) to the current level which is just above 6300 - an 8% fall in 3 weeks.
The Dow Jones Industrial Average Index has fared better, albeit still over 300 points lower now than its recent record high. The US benchmark index hit an all-time high on May 29th at 15542. The Nikkei index has experienced > 20% fall from 16,000 to 12,500 in a matter of a few weeks but it has since bounced to just above 13,000.
Lets look at what creates support and resistance levels in markets, using gold as an example. Just watching these levels is a good trading strategy.
In my last piece (I feel the need, the need…to slow down) I commented on several things that traders could do to help improve their understanding of markets in an effort to improve their own trading.
Cleantech oil refiner Hydrodec (HYR) is set to accelerate its growth through a joint venture deal with a major US-based electricity transformer oil recovery business. A new strategic partnership with G&S Technologies will propel Aim-listed Hydrodec towards profitability and help it to scale up its US operations.
Analysts at Edison believe that Hydrodec could move into profit in 2015 and this model could form the basis of geographic expansion.