Archive for February, 2011

“European Indices traded into positive territory for a fifth time out of the last six trading sessions, helping the FTSE 100 and DAX rally 0.3%. The morning session saw European Indices lack a degree of direction with most traders lacking motivation to add to positions after the Chinese interest rate hike. However, day traders...
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“Strong commodity trading prices were enough to drive FTSE up for a fourth session in five trading days. With copper trading at record highs above $463, mining equities added to Fridays gains, pushing the FTSE up some 40 points. Randgold Resources was the stand out miner, adding 2% after posting solid results and raising...
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GBP Versus the AUD Sterling fell by three cents last Monday and Tuesday versus the Aussie dollar before bottoming out on Wednesday and climbing all the way back. Last Friday was another down day and the pound spent the weekend consolidating. It opened in London this week a cent and a half lower on the...
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The pound covered a 35-cent range over last week versus the Rand. After falling back last Monday and Tuesday it spent the rest of last week moving higher. Sterling’s net gain on last week was ten cents. Against the Loonie, except for a dozen ticks sterling was unchanged at the start of the week...
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Trading was particularly choppy today with strong early gains building on another strong session yesterday, waning into the afternoon to leave indices largely flat on the day. The FTSE 100 however outperformed broader European indices today, with gains of 0.6% led chiefly by strength in banking and mining equities. The day trading session had started...
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