About meRajan Dhall is a experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns. He is a full member for the Society of Technical Analysts holding the prestigious MSTA designation
Glencore shares are in freefall this morning as the US department of justice hands the company a subpoena in relation to money laundering. The company has been has been asked to hand over records to the US DoJ so they can look into activities in Nigeria, the Democratic Republic of Congo and Venezuela dating ranging as far back as 2007
Looking at the chart you can...
BoE Vote split comes in at 6 - 3
BoE keeps rates and asset purchases unchanged at 0.50% and 435bln respectively.
- Vote was 6-3 in favour of unchanged Bank Rate, unanimous for QE at 435B/APF at 10B
- Haldane, McCafferty and Saunders dissented, voting instead for a June hike
- Majority on MPC still reassured Q1 softness was largely temporary, but preferred to...
I have seen many traders recently use this in a questionable manner and I don't want new traders to get the wrong idea.
I have briefly explained how I use the indicator and what ways it could be useful to you.
This is not the only way I use it I do confirm it with other signals that I have not mentioned in the video but as the Joker says in the Dark Knight
The reason for the move was - Numis reaffirms its buy investment rating on Gamma Communications Plc (LON:GAMA) and raised its price target to 860p (from 850p).
Im not one to trust broker recommendations but the Co. is performing well
Once again the ECB is challenged with managing market expectations, while at the same time assuaging concerns within the governing council that the prospective tightening profile (if we can call it that) is starting to lag the growth seen (on average) in the region. Emphasis is being placed on the possible wording on the easing bias, which naturally is hard to...
News - #GVC GVC Holdings PLC, the multinational sports betting and gaming group, is pleased to announce that it has agreed to initially acquire 51% of the equity capital of Mars LLC
Analysis - Market discounting some sector consolidation and regulation - Im looking for price to bounce once we get through some of the noise - there is also a good fib S/R confluence...
News this morning
Group revenue fell by 12.6% to £623.2 million. On a like for like (2) basis revenue fell by 8.8% impacted by the weak print trading environment. Strong management of the cost base enabled adjusted operating margin to increase by 0.7 percentage points to 20.0% delivering an adjusted operating profit of £124.7 million. Statutory operating profit...
London Stock Exchange plc reports FY17 Adj Op £812M vs exp £828M, Rev £1.77B vs exp £1.93B
- Organic Rev 10% y/y
- Capital makrets Rev £391M, +6% y/y
- Dividend 19% increase to 51.6p/shr
Could be a test of the recent value are look out for support levels as there has been a miss on expectations
· Gross Revenues double to $1,938 million (2016: $969 million) as the Group delivers production growth into stronger commodity markets
- 2017 full year copper sales volumes of 256 kt (2016: 141 kt)
- Revenues in income statement of $1,663 million (2016: $766 million), excluding $275 million of pre-commercial revenues
· Gross EBITDA of...
COB Cobham News
· Revenue 6% higher, benefiting from favourable currency translation. Organic5 revenue growth of 1%
· Underlying operating profit of £210.3m, slightly ahead of expectations
· Progressing delivery on the onerous contracts provided for in 2016, including KC-46, although risks and challenges remain
· Strong free cash flow...
While the consensus is very much that the MPC will keep rates unchanged at Thursday's meeting, there is a risk that some of the more hawkish members will point to the rise in earning's growth, which although still in negative territory in real terms, is now moving in the right direction. If inflation starts to flatten out as the exchange rate effects pass...
There looks to be a general consensus among forecasters that the weather will play a key part in job creation, which may hamper numbers to some degree. That said, the volatility in the monthly job gains has notable, ranging inside 150-250K, though inside these levels, the Fed will be content in maintaining their program of gradual rate increases through the year....
and many more
Cable now through 1.4200
USD rallies on comments - EUR/USD falls into low 1.2400's
US pres. Trump says Mnuchin comments out of context, Ultimately wants to see stronger USD.
Excessive USD moves causing unrest among central banks - ECB and SNB clearly unnerved - RBA and RBNZ next?
Lloyds has broken out of trendline resistance and as US 10 YR yields recover and regulation moves out I think it will continue.
I have put in the major levels on the upside to look out for but dont take them for gospel.
They may provide some stickiness but ultimately financials are on the way up as QE reduces all over the world.
With oil prices sustaining higher prices, I am looking for profit margins to increase for BP.
I have used the Fib extension tools confluencing with Major resistance levels for some price targets.
These price targets may seem far fetched but as long as WTI and Brent hold above a 8% deviation I think its possible.
The Gin brand are pulling back to highs after a recent fall.
The company is taking the mixing business by storm at the moment and is getting stocked in hotels and restaurants worldwide.
I am looking at a long term move back to the highs.