The strongest factors influencing the direction and momentum of Foreign Exchange (FX) rates are changes in the key interest rates, themselves highly sensitive to macroeconomic data such as inflation and economic growth, as well as geopolitical concerns. Higher interest rates tend to render the currency more attractive (and vice versa) which in turn can result in it…
Shares in NMC Health are almost 5% to the good, leading the UK 100 blue-chip index, after announcing the formation of a joint venture (in which it will have a majority stake and operational control) with Hassana Investment Co. to create new private healthcare platform. Nothing drastically different to the group’s strategy of incremental and…
Following a tense week of global political worries, Brexit shenanigans and tariff wars, markets are solidly in a risk-off mode going into the weekend. But risk on or risk off, UK Index is always in a trade-on mode and there are solid bargains to grab even when markets are on the defensive. A typical, some…
The other week my colleague Dan talked about trading ranges. Having had a good response to the topic I thought I’d build on the theme by looking at why they exist, how they can be identified and, more importantly, how you can capitalise when they appear on the charts. First things first. A range requires…
BT shares back to flat (they were +3% leading the UK Index ), albeit still outperforming an otherwise mild risk-off session for the index into the weekend. Shareholders delivering a tepid welcome to a change (long overdue?) at the top. The board has decided that, following the “broader reaction to our recent results” that new…
Shares in Mitie Group were +5%, as the facilities management company reported that it narrowed its pre-tax loss by 58% (51% from continuing operations) as the costs of the year-old transformation programme were reduced. While adj. operating profits were -6% due to higher investment in customer service and technology, the company saw adj. revenue +3%…