4 Aug Guardian Mike Van Dulken of Accendo Markets says there is “unrelenting US dollar weakness” right now. https://www.theguardian.com/business/live/2017/aug/04/us-dollar-grand-jury-non-farm-payroll-jobs-business-live 3 Aug Pound Sterling Live BoE Chief Economist Andy Haldane teased markets after last month’s policy update, suggesting he was close to jumping the fence vote for a rate hike in light of overheating inflation,” says Michael van Dulken,…
Macro observations As we move headlong into August, a continuing theme has emerged in foreign exchange markets concerning the performance of the global reserve currency. Having traded at a 14-year high only two days into the new year, the US dollar has since fallen over 10% to its lowest level since May 2016. Investors will…
UK Index Tobacco shares are sharply lower (down 4% to 7%), weighing on the blue-chip index into the close (7.6% of index) as investors interpret any US regulatory efforts to dampen demand for cigarettes, by reducing nicotine to non-addictive levels, as a negative for the industry. This may be an overreaction, however. Firstly, this is…
28 July The Telegraph Sentiment this morning has been dented by fresh dollar weakness “delivering more unwelcome pound and euro strength” to European equity markets, according to Accendo Markets head of research Mike Van Dulken. The pound has nudged up 0.2pc against the dollar today, trading at $1.3090.Copper coming off this week’s highs to hit miners…
Earnings season is always highlighted in a trader’s calendar. These few weeks are the most exciting and potentially profitable periods of the year for stock market watchers as shares that are traditionally quiet experience significant share price moves on a daily basis. And this season is no different. When shares rally, they typically see a…
AstraZeneca’s Mystic drug trial failure and 15% share price drop (biggest ever fall) has understandably hogged this week’s headlines. And this means that the performance of a key sector – a retail investor favourite – has slipped under the radar, despite rather impressive gains of 3-12%, easily outperforming the UK 100 index of blue-chips which…