Shares in UK 100 banks are doing well this morning (up 1-3%) as investors breathe a collective sigh of relief that results from a long-awaited 19-month investigation by the CMA competition watchdog weren’t more drastic. A requirement to cap unauthorised overdraft fees and join a price-comparison website to give customers better service and facilitate switching…
Macro observations The USD capped another winning week with a strong breakout from its 5-week falling channel and the 50-day MA. Currently consolidating, the strong performance of late has appeared unsupported by fundamentals – those comprising a string of disappointing (ergo rate hike negative) US macro data. With risk assets also outperforming, tracking the oil price higher, USD…
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It’s been a choppy week in equity markets amid a return of talk about Brexit consequences. The UK 100 has traded in a great 100pt range that’s yielded some fantastic trading opportunities for our clients, who’ve been supported all the way by a crack team of traders and analysts! There’s one important issue that’s gaining traction again though: Brexit….
It’s been an exciting week for traders of the UK 100 and its constituents. We revisited some key levels of both support and resistance, resulting in rallies and sell-offs and profitable momentum trades following breakouts and breakdowns. And the hope is that next week sees a revival of confidence inspired bullishness that sees the index…
Gains of 12% have propelled SuperGroup (SGP) shares to the top of the pile this morning as investors welcome a robust Q4 trading statement that beat broker expectations and counters a gloomy UK retail backdrop. FY revenues +21% coupled with expectations for gross margin enhancement at the top end of guidance and a strong pipeline…