search CFD Spy


Most Popular

got trading broker knowledge? Why not Submit a rating and review today!
Compare Online Trading brokers

1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading ... Loading ...

August 29th, 2014 | By trader | Published in LUNCH IS FOR WIMPS | Comments on this postNo Comments »

The U.K.’s top share index drew back from a three-week high last week, stopped the progress of a five-day winning streak with companies trading without the enticing attraction of their most recent dividend placing pressure on the broader market.

The effect of several major marketing firms including HSBC, British American Tobacco and Mondi, with regards to going ‘ex-dividend’ took approximately 11 points off the FTSE 100 index. Their shares slid between 1.2 and 1.9 per cent respectively.

The benchmark index closed down 0.4 % or 23.83 points higher at 6,755.48 points following the gains it profited for the past five consecutive days which climbed to its highest since the late second quarter.

The FTSE 100 was able to hit an all time high of 6,894.88 points in mid-May which was its highest level in more than a decade but has given up so much of that ground.

Investors are weary that a likely increase in interest rates in the U.K. would result in negatively affecting businesses and tighten consumer spending.

Minutes from the recent meeting of the Bank of England’s nine-member Monetary Policy Committee just released last week showed policymakers breaking ranks over for the first time in three years with two individuals unexpectedly voting to squeeze the said policy.

It considerably soiled the waters which if one member had chosen to vote for a rate hike, which they would have probably gotten away with it. Presently, they have two members sending off a powerful signal across the economy. However, the BOE is well aware of the fact that domestic demand would be openly susceptible in the event of quick rate hikes. It argues for a relatively slow pace of tightening.

U.K. housebuilders Persimmon and Barratt Developments, after it gained in previous sessions on hopes that the current housing market would be supported by lower rates for longer, slid 2.0 % correspondingly.

Analysts from Hantec Markets said that there they are optimistic to see the FTSE 100 getting back up the 6,834 point level, which would signal the market’s recent rebound with more strength and confidence.

Finally, among the sharp movers, Irish building supplies firm CRH plummeted 3.9 % following the Deutsche Bank severing its target price for the stock to 1,450 pence from 1,500 pence with a ‘hold’ rating. Should the FTSE fall over again within these levels, it would simply just predicate the drift that was seen in the past two month.

More Lunch...

Sterling surges as rate hike apparent

August 27th, 2014 | Published in LUNCH IS FOR WIMPS

Sterling rebounded from a prior four-month low against the dollar following the Bank of England minutes which revealed two policymakers voting to uphold the interest hike this August. Several strategists in the market had been anticipating only one member of the Bank’s Monetary Policy Committee at most in order to vote a rate rise. News […]

Read more

Advantages of Carry Trade Currencies

August 22nd, 2014 | Published in LUNCH IS FOR WIMPS

Did the early risers club expanded new horizons As the second quarter comes to an end, some new themes are beginning to take notice; firstly the central bank position appears to be the primary theme overshadowing geopolitical risks and oil price volatility. This has hefty consequences for financial markets in genera and with the present […]

Read more

FOREX-Sterling discontented by fewer hawkish BOE, G3 currencies mark time

August 20th, 2014 | Published in LUNCH IS FOR WIMPS

Sterling recuperated losses early on Wednesday after comments from the Bank of England governor reserved expectations for an impending interest rate hike this year and while the G3 currencies still remained caught in well-worn ranges after another non-committal session, things are still left open ended. Amazingly, less than hawkish statements from the BoE Governor saw […]

Read more

Equities rally amidst the cascading gold

August 14th, 2014 | Published in LUNCH IS FOR WIMPS

Global stock markets began the week with a good start while gold heftily suffered its biggest one-day fall this year as concerns regarding Eurozone banks faded and eager spirits were ignited by a fresh bout of bid and merger activities. The mood did substantially improved as Citigroup’s quarterly earnings came in ahead of expectations following […]

Read more

European Bank advised to bring QE to bolster the bloc

August 12th, 2014 | Published in LUNCH IS FOR WIMPS

The International Monetary Fund (IMF) advised the Eurozone policymakers to start a quantitative easing late last week which painted a unwelcoming picture of the bloc should the current trends persist to continue. If inflation still continue to remain low, the European Central Bank (ECB) is deeply taking into account a significant balance sheet expansion which […]

Read more

Technicals Latest Headlines

EURUSD’s downward movement extended to 1.3121

| September 1st, 2014 3:56 am | By forexcycle | Published in Daily Technical

EURUSD’s downward movement from 1.3411 extended to as low as 1.3121. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.3000 area. Key resistance is at 1.3220, only break above […]

EURUSD continued its sideways movement

| August 18th, 2014 3:43 am | By forexcycle | Published in Daily Technical

EURUSD is facing 1.3444 resistance

| August 11th, 2014 4:14 am | By forexcycle | Published in Daily Technical

EURUSD stays in a trading range

| August 8th, 2014 4:22 am | By forexcycle | Published in Daily Technical

GBPUSD stays below the downward trend line

| August 5th, 2014 5:00 am | By forexcycle | Published in Daily Technical

Fundamentals-Latest Headlines

Commodity Report for Gold, Silver, Oil and Nat Gas

| November 9th, 2009 6:47 pm | By ChrisVermeulen | Published in Weekly Fundamental

Commodity Report for Gold, Silver, Oil and Nat Gas Everyone is talking about commodities as the place to be in the coming months. I tend to agree, but it is still important to know where each commodity is trading to maximize returns and reduce risk. That being said we are also seeing money flow out […]

Stock market analysis – Morning call

| March 27th, 2009 10:24 am | By One Financial | Published in Daily Fundamental

MARKET SUMMARIES: Global stock markets are reacting positively

| March 24th, 2009 10:09 am | By One Financial | Published in Daily Fundamental


| March 23rd, 2009 10:45 am | By One Financial | Published in Daily Fundamental

Morning Call – Global investors are starting to doubt..

| March 20th, 2009 9:53 am | By One Financial | Published in Daily Fundamental