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Accendo’s Foreign Exchange Forecasts, Monday 16 Jan

Macro observations After months of waiting, this week finally sees the culmination of 2016’s most important political event; the inauguration of US President-elect Donald Trump. Although likely to be one of this year’s biggest events, Trump faces the possibility of being overshadowed by an announcement closer to home. UK Prime Minister Theresa May’s Brexit speech…

2017: Year of the trader

Despite only being two weeks into the New Year, 2017 is already providing us with some sublime records and further key events that could move financial markets in a big way. In just a week the new US President will be inaugurated, while the all-important full year earnings season moves into full swing. Still to come…

Miners dig even deeper for the bulls

It was another strong week for the UK Index Miners with gains of up to 16% on offer within the highly popular sector, extending already exciting bounces to as much as 340% over the last year and 500% from their troughs. Catalysts included Chinese data supportive of an important transition from manufacturing/export-led to more service/consumption-oriented…

Accendo Press Quotes – Week Ending 13 Jan

13 Jan Business Insider Mike van Dulken at Accendo Markets said shareholders were “breathing a collective sigh of relief” on the share price jump.”This more than makes up for yesterday’s worrying near-6% pre-trading-update drop. It also reverses a poor start to the year that itself follows an annus horribilis which saw the shares plunge over…

SIG-nificant sales growth reassures

Shareholders in specialist building products supplier SIG (SHI) are breathing a collective sigh of relief this morning after a handsome 10% share price jump. This more than makes up for yesterday’s worrying near-6% pre-trading-update drop and takes the shares to the top of the UK-s more domestic focused . It also reverses a poor start…

Cobham engineers yet another déjà vu

Shareholders in struggling defence and aerospace engineer Cobham (COB) are fuming this morning, back in familiar territory at the bottom of the after yet another profits warning. This latest has sent shares back to lows of late October (only marginally higher than June’s lowest in 11yr) when management last disappointed. Worse still, this one has…

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