Gold miners Centamin (CEY) and Randgold Resources (RRS) are topping the this morning. This is thanks to the USD basket easing back from its rebound highs (concern about US rate rises receding; emerging market currencies steadying) coupled with reduced risk appetite as equities struggle against a strong Yen and weaker oil price. The combination has…
Last year we produced a report looking at the UK’s supermarkets – at the time struggling with the rise of discounters like Aldi and Lidl. Tesco stock remains highly popular with our clients, and in trying to ascertain whether it really is a good investment, we need to weigh it up against its major sector…
Capita (CPI) shares are top of the UK 100 this morning after gapping higher and potentially beginning a share price reversal from 2yr lows that takes it back to end-Dec highs 1230p. The positive move comes courtesy of traders getting excited by an AGM trading update that allows the company reiterate full year guidance, something…
Macro observations The USD had a great few days following the Mayday Bank Hol with the Dollar Basket (DX) managing an impressively speculative bounce off its 14-month lows. However, chart technicals point to a fair amount of resistance for the index with the downtrend from 3 Dec highs unchallenged by recent strength. We’re seeing it head lower again this week…
The UK Index ’s miners are suffering this morning (down 3 to 5%) as raw materials prices (excluding oil) continue to track back towards month lows on a trio of drivers; Weekend Chinese trade data showed a surprise drop in both exports and imports (-1.8% YoY and -10.9% YoY, respectively). While Bulls point data not…
All Hail the Gold Market! Why is it that once things start picking up, everyone starts asking when the next big crash will be?! In the case of equities, I don’t think we’re anywhere near it. But what about the other sector that’s enjoyed a healthy recovery so far this year: Metals – especially everyone’s…