Global News

Update on Porcupine Licences, Offshore Ireland Europa Oil & Gas, the AIM quoted oil and gas company with producing and exploration assets in Europe, announces that, subject to an application being made to the Irish Authorities and approval granted, it intends to assume 100% interest in, and operatorship of, licences FEL 2/13 and FEL 3/13 […]

Mining shares were like an anchor for the FTSE today, during a period when the last thing the FTSE needs is an anchor. Although it was not the biggest loser of mining sector of the combined 1,034 losers on the LSE, BHP Billiton’s share price (LSE:BLT) fell more than 5.0% to 1,021.50, back the position it […]

Operational Update Goldplat plc, the AIM listed African gold producer, has announced further progress on capital projects aimed at improving the production and efficiency of its gold recovery operation in South Africa, Goldplat Recovery (Pty) Limited, an update on the progress at its Kilimapesa Gold in Kenya, and confirm GPL’s continued status as a Responsible […]

Maiden sale of copper concentrate at Manaila Polymetallic Mine Vast Resources plc, the AIM-listed resource, development and production company, has concluded a maiden sale of approximately 450 tonnes of concentrate at its 50.1 per cent. owned Manaila Polymetallic Mine in Romania. Of the concentrate sold, 40 tonnes constituted stock on hand produced prior to the […]

Economic Impact Assessment of UCG Cluff Natural Resources Plc, the AIM quoted natural resources investing company, has announced the publication of an independent report highlighting the potential economic benefits of the development of Underground Coal Gasification, a proven industrial process which allows coal to be converted into gas in-situ, in the UK. The report has […]

MoU on Zimbabwean Coal Power Station Development Sable Mining, the AIM listed exploration and development company, has entered into a Memorandum of Understanding with a view to developing a 600MW coal-fired power plant at the Company’s 19,236 hectares Lubu Coal Project in Zimbabwe, with CITIC Construction Co., Ltd, a subsidiary of CITIC Group, a Chinese […]

The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]

So there we have it, the Fed has left interest rates on hold, and as I have been saying, this was to be expected. Janet Yellen talked about uncertainty over China being a significant factor, and as I outlined again yesterday, subdued inflation was held out as another reason to remain loose. The US indices […]

“I’ve not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison “…If trading is only about money, you have very little chance of success.” – Dr. Van. K. Tharp In recent times, some people have questioned the morality of online trading. Obviously, the question comes from lack of real understanding of trading. […]