Sun 19th Apr 15, 16:45:36
Lloyds Banking Group is facing a legal attack over its calamitous takeover of HBOS in 2008. A class action lawsuit, bringing together more than 6,000 investors that owned shares at the time, has been planned to force the company to release emails and other documents dating back to the deal, "to find out who knew what", according to an inside source cited by the Sunday Times. The claimants, including major UK pension funds and asset managers, believe they lost £400m through the acquisition as they were duped into approving the merger as crucial information about the health of HBOS was withheld to ensure the deal went ahead.
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Buy shares in Associated British Foods, the owner of the Primark budget fashion retail chain, wrote Danny Fortson in the Sunday Times. This autumn, Primark will open its first location across the pond in Boston, with seven more planned in the States and no tweaking of its offering to American tastes in view of the US consumer love of shopping for budget clothes in big box stores, such as Target. Credit Suisse last month cut its forecasts but still set a higher target price at £32.50. America will be a key test, yet something tells me Primark will go down a storm there, Fortson concluded. 8 hours ago
US stock plummeted on Friday as new Chinese stock-market regulations, rising inflation and fears of a Greek default spooked investors. 2 days ago
Longer-term US government debt finished the session little changed as traders keyed off of speeches from a raft of Fed policymakers. 2 days ago
Euro/dollar stabilised itself further on Thursday as investors digested the ECB's policy decisions taken on the previous day and a raft of Fed rate-setters weighed in with their individual views on the current outlook for policy. 2 days ago
The chief executive of Matchtech bought some shares showing confidence in the recruitment agency one week after it reported a drop in its full-year profits. 2 days ago
The coming week will see markets focus on the result of the International Monetary Fund-World Bank's spring meetings in Washington D.C.. 2 days ago
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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.
Trading is one of the most emotionally turbulent careers you could choose. Your aim is to make money and losing money is the exact opposite of what you set out to achieve - yet it is inevitable.
Every trader will experience losing trades and some more than others. When you lose on a trade you may experience feelings of anxiety, stress, helplessness, frustration, anger, disbelief, fear and the desire for revenge or a desperation to do whatever you can to get your money back.
Candlestick patterns are a method of technical analysis used in the forex market which may be used to predict market movements. The beauty of candlesticks as a method of price depiction on the charts is that the candlestick tells a story.
The shape of a candlestick is a function of how far and how much buyers and sellers have pushed price action within a given time frame. (You can read a super-detailed explanation of how candlestick charts are constructed here.)
Based on the known evolution of human consciousness, there's a theory that states that there are three personality types we have inherited from our ancestors: the Warrior is forceful, resolute and organisational, the Settler is sociable, intuitive and adaptable, and the Nomad is restless, charismatic and innovative. Who we are and how we have been raised is fundamental to the decisions we make in life.
In this article, I am going to outline those three personality types and apply this knowledge to traders.