We look set for a flat UK Index finish this week, however this masks the exciting gains and then declines for Miners and Oil (and gains for housebuilders and financials). Which is great for those who missed out, as it offers another bite at the uptrend cherry next week. Especially with the index still holding…
Macro observations For the first time in what seems like forever, the focus for FX markets this week may move away from UK Politics. In its place, US macroeconomics looks set to take up the mantle during the week of the country’s Independence Day celebrations. The US Dollar Basket, a trade-weighted basket of the greenback against…
It’s been a fascinating week for UK Index watchers like us and, more importantly, for our trading clients. Whilst the UK blue-chip UK 100 index looks set to close -0.7% for the week, -2% for the month and 4% away from its record high, we see reason to cheer this latest correction. There are valid…
It’s been a lively week for the UK’s blue chip index and for investors that closely follow UK macroeconomic data. A hawkish barrage from European central bankers and a significant record being broken by UK household debt levels have set markets alight, but what might it mean for your investments? This week’s prevailing story has…
30 June Business Insider Writing in an email on Friday morning, Accendo Markets’ Mike van Dulken says the morning’s activity “comes after a weak Wall St finish (Tech underperforming) extended to Asia overnight as a bond market sell-off inspired by hawkish (perhaps misconstrued) central bank comment proves contagious for equities. After years of low rates and…
Macro observations After two and a half weeks of stalemate, the Conservative-DUP ‘confidence and supply’ agreement has finally been signed, opening the door to a Conservative minority-led government to be officially formed. With the support of the 10 DUP MPs, the Tories will now effectively have a working majority in parliament, crucial as the early…