Tue 2nd Sep 14, 09:08
UK stocks were closing in a two-month high on Tuesday morning, rising for the third straight day, as investors took an optimistic approach ahead of the return of US markets after a long weekend.
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Valirx, the developer and producer of technology used in oncology therapeutics, has received positive results from the studies on one of its lung cancer treatments. 36 minutes ago
The fact that euro/dollar has lost various lows in quick succession for three straight sessions led technical analysts at Digital Look to say on Tuesday that "this without a doubt confirms the enormous weakness in the price charts". 34 minutes ago
The main European equity benchmarks began the second trading session of September with moderate gains despite the further deterioration in the security session in Ukraine. 33 minutes ago
Mixed interim results from AIM-listed Vislink were countered to some extent by the announcement that Nasdaq-listed video group Harmonic has become a strategic partner and provided a significant order for the second half of the year. 23 minutes ago
0930: Markit's UK construction sector purchasing managers' index for the month of August has come in at 64, versus a reading of 62.4 in the month before (consensus: 61.5). 33 minutes ago
The Wressle-1 exploration well, jointly owned by Edgon Resources, Union Jack Oil and Europa Oil & Gas, has been found to have a potential hydrocarbon pay in three intervals. 30 minutes ago
Disclaimer: This news feed is provided by Digital Look Ltd. BullBearings Ltd do not necessarily share the views expressed within the stories. The stories are for general information purposes only and not a solicitation or personal reccomendation to deal. BullBearings Ltd accepts no liability or responsibility for any of the content contained in the information provided by Digital Look Ltd.
Rectangle chart patterns are a classic form of technical analysis used to determine price pattern, and, when properly applied, they can be one of the most reliable trading indicators.
Rectangle chart patterns originate from a time in the past when charts were prepared by hand on graph paper and it was believed that all price patterns were a repeat of patterns in the past. By recognising a pattern that had previously occurred, analysts used to make a forecast that they expected would ultimately result in a profit.
The moving average convergence divergence (MACD) system is a trend indicator that helps us determine the current trend of the market and its strength.
The MACD indicator uses the difference of the distance between two moving averages, usually the 12 and the 26 period moving averages, to indicate if the market is currently in an uptrend, a downtrend, or moving sideways.
Soft drinks maker Nichols (NICL) has a strong, long-term track record but an unfavourable litigation result has knocked the share price. The underlying business remains strong and the shares provide a steady income.
Nichols has a range of brands that it owns or it licences for the soft drinks market. They include the core brand Vimto, Panda, Sunkist, Levi Roots and Weight Watchers.
Geopolitical tectonic plates are shifting around the world presenting trading opportunities to those observers keen enough to pick up on them. As well as the usual safe haven assets such as gold, the Swiss Franc and Japanese Yen, traders may not miss out on the opportunities presented by somewhat “riskier” assets, such as oil.
Middle Eastern politics are complicated issues, but one does not need to be a scholar in the subject to understand that any kind of moderate to major disturbance is enough to send ripples of tension through the oil market.
Using the easy-to-spot "head and shoulders" pattern we can often fairly reliably predict where a currency pair will go next. In this example we look at the recent movement in the euro versus the Japanese yen.
The euro had been losing ground versus the yen, but after the last visit that the price made to the round number and psychological level of the 136.00, it started heading higher and it is very close to touching the 138.00 again.