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ADVFN Morning London Market Report: Tuesday 31 March 2020
© ADVFN
Mar 31 2020 @ 04:22
London open: Stocks rise after better-than-expected Chinese data London stocks rose in early trade on Tuesday as encouraging Chinese manufacturing figures helped to boost sentiment. At 0840 GMT, the FTSE 100 was up 1.8% at 5,663.72. Data released earlier showed that China’s manufacturing sector rebounded in March. The official manufacturing purchasing managers’ index rose to […]
Guardian Stockbrokers Key Economic News Tuesday 31 March 2020
Mar 31 2020 @ 04:15
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK consumer confidence index dropped in March In the UK, the consumer confidence index recorded a drop to a level of -9.00 in March, compared to market expectations of a drop to a level of -14.00. In the prior month, the index […]
ADVFN Morning London Market Report: Monday 30 March 2020
Mar 30 2020 @ 04:48
London open: Stocks in the red as oil prices slide London stocks fell in early trade on Monday as oil prices slid and as the UK coronavirus death toll continued to rise. At 0830 BST, the FTSE 100 was down 1.8% at 5,413.09. Spreadex analyst Connor Campbell said: “After an initial flurry higher the European markets […]
Tradingview Weekly Market Wrap 30 March 2020
Mar 30 2020 @ 04:39
The end of the bear market? Market noise finally decreased, returning to normal after weeks of panic due to the coronavirus. Now, this can be explained by two facts: The beginning of clinical trials of experimental drug to treat COVID-19 in Europe and the U.S. In the case of the first, it includes the trial […]
Guardian Stockbrokers Key Economic News Monday 30 March 2020
Mar 30 2020 @ 04:19
The key points from today’s economic news, brought to you by Guardian Stockbrokers. US consumer sentiment index dropped in March In the US, the final consumer sentiment index registered a drop to a level of 89.10 in March, compared to a level of 101.00 in the prior month. BoC slashes its key interest rate, unveils […]
Annual Forecast for FTSE 250 – 2020
Mar 29 2020 @ 04:18
FTSE 250 stock (FTSE MCX) has had one of its hardest fall in recent times. The market is trying to go upwards but it is too early to go long right now. From November 2019 to February 2020, price trudged upwards. However, there was a massive collapse in March, following a bearish run that started […]
GBPUSD Slides as Boris Johson Contracts Coronavirus
Mar 27 2020 @ 11:02
GBPUSD just saw increased volatility at 11:15 GMT as UK PM, Boris Johnson, just announced over Twitter that he had contracted the new Coronavirus. He said he had a cough and a fever, but he also recorded a video, and in it, he was in good spirits. GBPUSD reacted by declining by 0.79% over 15 […]
Connect Group – a dangerous-looking balance sheet, but good cash flow
Mar 27 2020 @ 08:39
Connect Group (LSE:CNCT) has not had an attractive-looking balance sheet for many years. It had/has very high levels of intangible assets, especially goodwill, due to paying excessive prices for acquisitions. Even after including those doubtful “assets” in its balance sheet it could barely report a positive net current asset value. On top of that, it […]
ADVFN Morning London Market Report: Friday 27 March 2020
Mar 27 2020 @ 06:29
London open: Stocks drop after three days of gains; housebuilders slump London stocks fell in early trade on Friday following three consecutive days of gains, with concerns about the impact of the coronavirus pandemic continuing to mount after the US overtook China for the most confirmed coronavirus cases. At 0840 GMT, the FTSE 100 was […]
Guardian Stockbrokers Key Economic News Friday 27 March 2020
Mar 27 2020 @ 06:23
The key points from today’s economic news, brought to you by Guardian Stockbrokers. BoE keeps interest rate unchanged The BoE, in its latest monetary policy meeting, unanimously kept its benchmark interest rate unchanged at 0.10% and maintained the quantitative easing at £645.00 billion. Further, the BoE indicated that there is a risk of longer-term damage […]
MINING, OIL AND GAS
How much will Brexit impact commodities in the UK and Europe?
Mar 11 2020 @ 12:27
Commodity trading is the oldest form of trading there is. It has been around for centuries, and it is rooted in agricultural trading, such as the buying, selling and exchanging of grain and animals. Other commodities include precious metals or natural resources such as silver, copper, cotton and aluminium. Those wanting to invest in commodities […]
Crude Oil: WTI Price Tumbles As Market Bearish Trend Extends Lower To $27.40 Level
Mar 10 2020 @ 11:46
USDWTI Price Analysis – March 9 WTI oil futures for April delivery is in free fall mode on Monday after a price war between Saudi Arabia and Russia caused by last week’s OPEC+ meeting. On Monday, the oil price opened 11 percent lower and trading at a $27.40 level multi-year low, though not far from […]
Gold Is Trapped In A Narrowing Price Band Lacking In Directional Bias
Feb 16 2020 @ 13:30
XAUUSD Price Analysis – February 14 Gold did not have a strong directional inclination and traded in a limited exchanging band around the $ 1,575 level during the early European session on Friday. The blend of separating powers couldn’t give any new catalyst or support the valuable metal to build up a positive shift of […]
XAUUSD Bulls Attempt A Run At The 1575 Level Barrier
Feb 07 2020 @ 21:34
XAUUSD Price Analysis – February 7 The increasing tension in the Coronavirus crisis could push gold upward, trying to reach the $ 1,575 level. The yellow metal strengthened despite stock market growth following the publication of economic data that exceeded expectations. However, the mood for assets at risk improved significantly as fears of coronavirus eased […]
GLOBAL NEWS
Annual Forecast for Tesla – 2020
Mar 29 2020 @ 03:36
Tesla Inc. shares (NASDAQ:TSLA) have been going downwards in what would rather be called a jumpy and erratic manner. The signal for the market remains bearish. The ADX period 14 is round the level 30, which means that the momentum in the market is great. The DM+ is below the DM-, which means bears are […]
Ripple (XRP) Reaches $0.12 Oversold Region As Buyers Emerge
Mar 29 2020 @ 02:23
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple is presently fluctuating between $0.12 and $0.17. The market appears to have reached bearish exhaustion as the coin reached the oversold region of the market. At a low of $0.12, XRP was oversold. Consequently, the bulls emerge to push XRP […]
EURJPY Extends The Sell-Off From The Weekly Highs Towards The Sub-118.87 Region
Mar 29 2020 @ 02:12
EURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. […]
Bitcoin Cash Makes An Upward Move As Bulls Buy At Lower Levels Of The Market
Mar 20 2020 @ 01:13
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish On March 16, BCH fell to the low of $164 and the bulls buy at the lower levels of the market. The coin made an upward move as a result of the purchase. BCH has risen to $191 and […]
