Gold Day Trading

European equity markets have been making new 2 year highs today after a string of positive company announcements, as well as some US dollar weakness which has seen investors indulge in fresh buying as the FTSE100 and DAX post their highest levels in 28 months. With commodity prices continuing to surge higher, the day...
Read more »

European markets have been trading in a pretty listless fashion today with little in the way of volume, as markets consolidate after the sugar rush of Fed induced volatility of recent days. The lack of any news flow hasn’t helped in this respect as markets look ahead to Wednesday’s US Trade Balance numbers and...
Read more »

The day trading markets bought heavily into equities today as a knee jerk reaction to the Federal Reserve announcing a second round of quantitative easing of $600bn, which was slightly higher than speculated by the market. Strong corporate earnings from Man Group and Unilever have also helped to supplement Index gains. The announcement from the...
Read more »

Equity markets have pushed lower today led by the banking sector, despite Swiss bank UBS posting a better than expected SFr.1.66bn net profit. However, the profits were helped by exceptional items in the form of a SFr.825m tax credit which doubled the profit figure, while its investment banking division posted a loss in the...
Read more »

For all the nervousness about the weekend’s G20 meeting, nothing much of consequence really came out of it with the US dollar continuing to remain under pressure, and commodities resuming their upward trajectory. As expected, the finance ministers failed to come up with anything specific about dealing with the problems of the weakening dollar,...
Read more »

European equity markets had been pretty range bound in the morning session today after yesterday’s sell-off. However the afternoon session has had a slightly more positive bias on the back of slightly better earnings announcements out of the US. This morning’s minutes of the Bank of England’s monetary policy committee unsurprisingly saw Adam Posen vote...
Read more »

UK markets had been trading fairly listlessly this morning with investors sitting on the sidelines ahead of a number of key policymaker speeches today. The tech sector had taken centre stage in the morning session with ARM Holdings, a key supplier for Apple, sliding back after the market’s reaction to Apple’s analyst busting figures...
Read more »

Equity markets traded nervously lower this morning ahead of this afternoon’s US employment report. Sentiment wasn’t helped when Dallas Fed chief James Bullard suggested that the Fed could wait until their December meeting if it felt it needed to see more economic data to make a decision on further easing. This also caused some US...
Read more »

Equity markets have rebounded strongly after this morning’s move by the Bank of Japan to cut its benchmark interest rate from 0.1% to a range between zero and 0.1%, moving them back towards the top end of their recent ranges. It also pledged to expand its balance sheet by 5 trillion yen in an attempt...
Read more »

The weekend decision by the Chinese authorities to increase the flexibility of the Yuan to a managed float against the US dollar could well make an interest rate rise to cool the growing Chinese economy less likely in the very short term. This in turn should give an additional boost to risk appetite on...
Read more »