Macro observations As earnings season draws to a conclusion for another quarter, the focus for foreign exchange traders will be firmly set on geopolitics and central banks as a raft of potential market bombshells are prepared this week. Things get off to a flying start as we expect the first indictments from former FBI chief…
Things just got interesting. Just as some traders began to assume earnings season was bumbling towards a lacklustre ending, a multitude of shocking UK 100 results day moves have caught the attention of investors. Most notably, Barclays (BARC), the second largest UK bank by assets, dived 7% on Thursday following disappointing investment banking revenues, only a…
There are two ways to get a trade wrong. Actually, there are lots, but let’s concentrate on two of the most important to help transform you from a good to a great trader. Firstly, a trade can go against you for reasons you could never have foreseen. Think profits warning or a big currency move after…
RBS shares +2.8% have bucked the trend of UK bank peers this week with a positive reaction to Q3 results. This after adjusted operating profits of £1.245b easily beat £1bn expectations thanks to much lower conduct charges and restructuring costs. It also managed an impressive 70bp improvement to the closely watched Core Tier 1 capital…
Shareholders in Barclays will be hoping that its shares can emulate those of UK peer Lloyds yesterday with a rebound and recovery. From being offside by as much as 3%, they managed to close higher by almost 1%. However, with less than an hour gone, it’s not looking great for BARC as the shares trade…
Lloyds Banking shares are on the back foot this morning after Q3 results, despite no new PPI provisions making for a rather refreshing change. Also being ignored is upgraded FY guidance. Investors are clearly more concerned with increased loan impairments (single large corporate + MBNA acquisition), worried about the potential for this to worsen into…