The UK Economy

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK house price balance rose in August In the UK, house price balance registered a rise to 4.00% in August, compared to a reading of 9.00% in the prior month. US mortgage applications rose in the last week In the US, mortgage […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK ILO unemployment rate unexpectedly dropped in the May-July 2019 period In the UK, the ILO unemployment rate dropped unexpectedly to a level of 3.80% in the May-July 2019 period, compared to market expectations of an unchanged reading. In the April-June 2019 […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK manufacturing production unexpectedly rose in July In the UK, manufacturing production unexpectedly climbed by 0.30% on a MoM basis in July. In the prior month, manufacturing production had dropped 0.20%. UK industrial production surprisingly climbed in July In the UK, industrial […]

In an Active Mode, GBPJPY Gets Set for the Upside Momentum GBPJPY Price Analysis – August 28 The pair is likely to stay uneventful in the short-term as the RSI and the moving averages are flattening and the price is rising slowly. In any case, the recent fundamentals affecting the Pound had made the pair […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK CBI distributive trade survey’s retail sales balance dropped in August In the UK, the CBI distributive trade survey’s retail sales balance recorded an unexpected drop to a level of 49.00% in August, compared to market expectations of an advance to a […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. BoE: No-deal Brexit might cause significant market turmoil The Bank of England (BoE), in its bi-annual Financial Stability Report, warned that the increasing possibility of a no-deal Brexit could cause massive disruption to the UK economy. Additionally, the report highlighted a gloomy […]

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Chevron stock (NYSE:CVX) has started a downturn following the recent bullish effort. The bearish downturn began in the middle of April 2019, and it has led to a “sell” signal. Price is now under the EMA 21, while the Williams% Range period 20 has moved into the oversold territory. That is a bearish signal which […]

London open: Stocks recover as May expected to confirm departure date London stocks rose in early trade on Friday following heavy losses in the previous session, amid reports that Prime Minister Theresa May will confirm her exit date later in the day. At 0835 BST, the FTSE 100 was 0.6% firmer at 7,270.62, while the […]

Amazon shares (NASDAQ:AMZN) have gapped up as a result on an ongoing strong buying pressure in the market. This is a trend that is supposed to continue for most of this year. Price reached a significant low in December 2018, and then rose up, only to trade sideways later. The sideways movement ended in March […]