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What’s the most hated stock market in the world and who is one of the most hated (still living) leaders? Well in my humble opinion it has to be the Russian stock market and President Vladimir Putin. Every time you switch on the news (except pro-Russian television channel RT) it is bad news about Russia.
It’s all about how Putin has upset someone; the US adds another economy sanction, how lower oil prices are crippling the country and the general view is that Russia is back to the 1980s and everyone is living on potatoes and home brewed Vodka!
The euro versus the Canadian dollar has formed what appears to be what is known in technical analysis as a 'rising wedge' pattern or an ascending triangle.
What is important about this formation is that it shows a consolidation area where the lows of the chart's candles are higher than the previous ones, causing the lower trend line of the formation to be slanted to the upside.
Two years ago you could buy shares in Greggs (GRG) for 400p. At that price they had a dividend yield of 4.9% from a company with a long and consistent record of paying and growing a well-covered dividend. Fast forward to today and those same shares now cost just under 1,200p, or almost three times as much.
So does that mean Greggs is now overpriced, or can it repeat those 100% a year gains for a few more years?
Bitcoin and the general concept of crypto currencies are one of the hottest topics in finance right now. The battle surrounding this subject is fierce and ideological, involving powerful forces and is far from over. But with Bitcoin prices likely to continue its rollercoaster ride, there is no need for traders to have a personal opinion in either direction to profit from one of the world’s most volatile underlying’s.
All of us want a role model. Some traders see George Soros as their role model, while others worship Warren Buffett.
However, what you might not know is that one of the best role models is that of the Star Wars warrior – the Jedi Knight. Jedi Knights have a lot to teach us about life – and about trading. Here’s how to feel the force – just remember to keep your light saber at home.
This is a daily global markets overview for the 5th May 2015 from the analyst team at Accendo Markets providing a snapshot of overnight activity and what can be expected in the markets today. The information is straight from the traders’ desks, with news and insights on equities markets, commodities, and forex.