Sun 26th Apr 15, 15:16:25
HSBC could spin off its £20bn UK high street banking interests, the Sunday Times said, reviving the old Midland Bank brand which the group bought in 1992. Having on Friday mentioned it was looking at moving its headquarters overseas, a flotation of its British bank could speed its corporate exit from the country. According to sources cited by the paper, changes to UK banking laws forcing banks to 'ring-fence' retail banking operations made the move logical.
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Shares in Asos should be sold, the Inside the City column said in the Sunday Times. After a rollercoaster ride up to a £70 all-time high before shooting down to half that point after three profit warnings, the halo has slipped and the feeling is that it has further to fall as rivals have caught up with its initial online advantages. Profits are set to flatline due to costly overseas expansion, the strong pound and price discounting and the shares are three times the value of Zara's owner Inditex on a price-earnings basis, and more expensive than H&M. 8 hours ago
US stocks closed higher on Friday led by the Nasdaq, which reached a new record as the technology sector rallied on strong earnings from giants such as Microsoft, Amazon and Google. 2 days ago
With little doubt what will be of most interest for investors next week, given that the next general elections are now looming, will be the three-way election debate between Cameron, Clegg and Miliband on the BBC´s 'Question Time' programme which is to be aired on Thursday. 2 days ago
Publishing and education group Pearson has been downgraded by broker Numis on valuation grounds, despite a first-quarter statement that was in line with forecasts. 2 days ago
UK stocks ended the session higher, tracking gains on the other side of the Atlantic despite the somewhat mixed newsflow coming out of Greece. 2 days ago
Pharmaceutical group Clinigen has completed the takeover of sector peer Idis for £225m. 2 days ago
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The GBP/JPY was in a well-defined bearish channel, which we identified last week and now we see that the price has finally broken out of the channel to the upside, taking with it some key resistance levels.
Besides breaking out of the upper trendline of the channel, the price has also broken the 200 day exponential moving average (blue line) and the round number level of the 179.00.
Trading in the capital markets requires a sound strategy that can incorporate a number of tools including forecasting specific price targets.
One way traders may forecast where prices are heading is by using mathematical equations to forecast potential targets. Harmonic price patterns use geometric price movements and combine these with Fibonacci numbers to define precise turning points. Unlike other trading methods, Harmonic trading attempts to predict future movements.
The currency markets are anticipating a huge sterling volatility spike in the immediate aftermath of the election vote, according to options software technology company ORE.
There is plenty of market chit-chat over the concerns and uncertainty around the UK elections. Neither David Cameron nor Ed Miliband are pulling ahead and an outright victory is becoming less likely. Trying to predict this election is one thing, but putting your money on it is another.
A bearish channel is really a consolidation which has a slight inclination to the downside, like the one we are seeing on the Daily chart of the GBP/JPY.
The bearish channel could be traded like any other channel where long positions are taken at the bottom boundary and short positions are taken at the upper boundary; however, we must be aware that the price may break out of the channel at any moment and take extra to prevent huge losses.
This strategy is based on well-known, very simple principles that are still valid. If you recognise megatrends early, you can achieve nice profits in the markets. You should try to achieve a good risk-reward-ratio (RRR) in your trades and you should limit your possible losses with the help of stop-losses based on technical analysis. This article was written in October 2014. The setup shown actually worked extremely well.