Accendo Press Quotes - Week Ending 7 Apr

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Accendo Press Quotes – Week Ending 7 Apr

7 Apr

CityAM

Gold traded at its highest level since the US election, rallying to a fresh five-month high of $1,269 per ounce. The price has dipped slightly from its highest points earlier this morning, but analysts at Accendo Markets noted the possible emergence of a bullish flag pattern to $1,280 per ounce.
http://www.cityam.com/262566/us-air-strike-syria-sends-investors-safe-haven-assets-like

6 Apr

Telegraph

Mike van Dulken, of Accendo Markets, said: “Equities are in the red this morning, albeit well off their worst levels. Investors were spooked overnight by hawkish Fed minutes suggesting earlier than expected discussions about trimming its QE-bloated balance sheet.”
http://www.telegraph.co.uk/business/2017/04/06/UK Index -100-falters-risk-appetite-sours-fed-minutes-ahead-trump/

5 Apr

Bloomberg

“Further gains for oil have served to buoy and further boost sentiment,” Mike van Dulken and Henry Croft, analysts at Accendo Markets, wrote in a note. “In focus today will be the Fed’s March meeting minutes, with investors looking out for clues about the likely path of U.S. monetary policy normalization and further rate hikes this year.”
https://www.bloomberg.com/news/articles/2017-04-05/european-stocks-hold-steady-as-commodity-energy-shares-rally

4 Apr

Guardian

Mike van Dulken of Accendo Markets warns:South Africa’s Rand has taken another dive overnight after S&P cut the nation’s sovereign credit rating to ‘junk’ in light of recent political upheaval. Keep an eye on the likes of UK Index -listed Old Mutual, Investec and Mondi which are all exposed to the currency and have already been troubled of late as a consequence.
https://www.theguardian.com/business/live/2017/apr/04/markets-uk-construction-growth-south-african-rand-draghi-business-live

3 Apr

Digital Look

“This week will be all about reappraisal of the Trump trade into the new quarter and whether sufficient optimism and momentum remains given the event risk associated with this week’s meeting between Chinese President Xi and Trump, Fed minutes this Wednesday and the US Jobs report on Friday. Oh, and all the political risk build up to the end-month first round of the French Presidential election and any further developments on the Brexit negotiation front,” said Mike van Dulken, head of research at Accendo Markets.
http://www.digitallook.com/news/market-report-opening/london-open-stocks-edge-higher-despite-mixed-data-out-of-china-and-japan–2603450.html

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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