ADVFN Morning London Market Report: Friday 11 October 2019

© ADVFN
11 Oct 2019 @ 19:40

London open: Stocks fall as sterling boosted by Brexit hopes London stocks fell in early trade on Friday as the pound was underpinned by hopes of a Brexit deal being struck, underperforming European markets, which were lifted by renewed optimism over Sino-US trade talks. At 0840 BST, the FTSE 100 was down 0.5% at 7,151.64, […]

 

WTI Breaks Above 54 Following Missile Attack On Iranian Oil Vessel

11 Oct 2019 @ 19:37
Oil spiked higher on reports that an Iranian oil tanker was hit by two missiles off the Saudi coast, according to an Iranian state television. The vessel is currently ablaze and leaking oil 60 miles off coast. Crude oil futures broke above $54 resistance and currently trade around $54.56. Whilst one may have expected a […]
 

1.10 Remains Pivotal For EUR/USD Around Trade Talks | DXY, EUR/USD

11 Oct 2019 @ 19:07
1.10 remains a key level for EUR/USD traders as we head towards the weekend. Reports that trade talks are “going well” and the possibility of a partial trade deal could be agreed between US and China saw safe-haven demand for the dollar decline, sending the USD index to key support and EUR/USD above key resistance. […]
 

Trade Talk Sentiment Supports The Kiwi | NZD/USD

11 Oct 2019 @ 19:03
Trade Talk Sentiment Supports The Kiwi | NZD/USD Optimism surrounding trade talks and Brexit has weighed on the dollar, providing a reprieve for some arguably oversold commodity currencies. As noted by my colleague Fawad Razaqzada, AUD/USD is on the cusp of printing a bullish hammer on the weekly chart, helped by improved trade sentiment and less demand […]
 

Guardian Stockbrokers Key Economic News Friday 11 October 2019

11 Oct 2019 @ 18:58
The key points from today’s economic news, brought to you by Guardian Stockbrokers. ECB minutes: Officials oppose the decision to resume QE Minutes of the European Central Bank’s (ECB) recent monetary policy meeting, revealed that the ECB policymakers remained deeply divided over the re-launch of the quantitative easing (QE) programme in November, arguing that it […]
 

Crypto Trading Masterclass: Learn Simple Rules-Based Trading Strategies to Make Consistent Profits

10 Oct 2019 @ 20:00
World-renowned trader Craig Cobb is expanding his live classroom events series with a new crypto trading masterclass world tour! These immersive, one-day in-person classes will teach you the same three simple trading strategies that Craig uses to make consistent profits – without having to sit at your computer all day! Craig Cobb is an international educator, […]
 

ADVFN Morning London Market Report: Thursday 10 October 2019

10 Oct 2019 @ 19:39
London open: Stocks fall ahead of Sino-US trade talks, UK data slew London stocks fell in early trade on Thursday as jitters set in ahead of trade talks between the US and China and a slew of key UK data releases. At 0850 BST, the FTSE 100 was down 0.5% at 7,134.07, while the pound […]
 

S&P 500 Starts Higher on Hopes for a Trade Deal

10 Oct 2019 @ 19:10
By Nikolas Papas, Market Strategist at InvestingCube and ATFX. Wall Street indices started higher the day with the S&P 500 adding 0.55% at 2,908.91. The Dow Jones trading 0.63% higher at 26,327, while the Nasdaq trading 0.89% higher after positive news for China-US trade relations. News reports indicate that China was offering to increase purchases of agricultural products […]
 

Watching Cable For A Break Lower

10 Oct 2019 @ 19:04
The British pound has weakened across the board this week. And we see potential for further downside to come. GBP/NZD has depreciated around -1.4% since our prior video, having broken its bullish trendline and suggesting the high has been seen around 2.0. As for cable, it’s found support around 1.2183 yet 2-year yield differentials between […]
 

Trade Headline Hype Sees Risk Spike | SPX, AUD/JPY

10 Oct 2019 @ 19:01
S&P500 futures on news a previously agreed currency pact with China will be rolled out. China has “lowered expectations” for progress from this week’s trade talks. That shouldn’t come as too much of a surprise, given the US added 28 Chinese companies to their blacklist yesterday. There’s also reports that China would cut the scheduled […]
 

MINING, OIL AND GAS

Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate

14 Oct 2019 @ 00:24
China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal. The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in […]
 

WTI Breaks Above 54 Following Missile Attack On Iranian Oil Vessel

11 Oct 2019 @ 19:37
Oil spiked higher on reports that an Iranian oil tanker was hit by two missiles off the Saudi coast, according to an Iranian state television. The vessel is currently ablaze and leaking oil 60 miles off coast. Crude oil futures broke above $54 resistance and currently trade around $54.56. Whilst one may have expected a […]
 

China’s New Cryptocurrency

15 Sep 2019 @ 22:20
China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay. In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the […]
 

Bahamas Petroleum Company: From the recent base, bulls make a fresh upwards breakout on BPC

25 Aug 2019 @ 00:12
Bahamas Petroleum Company shares (LSE:BPC) have broken upwards after several months of a boring ranging movement. The shares dropped like a stone in March 2015, only to consolidate till August 2019. Recently, there has been a significant bullish breakout, which means the market may go further upwards. The market is clearly above the EMA 21, […]
 

GLOBAL NEWS

The Economic Proscription of U.S. Farmers by China Maybe Forever

14 Oct 2019 @ 00:34

Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible. It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far […]

 

GBPJPY Reverses Its Sell-Off Around the Level at 130.75

14 Oct 2019 @ 00:19
In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75. Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54 GBPJPY Long […]
 

USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly

14 Oct 2019 @ 00:11
USDCHF Price Analysis – October 8 The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0015 Support Levels: 0.9897, 0.9870, 0.9843 USDCHF […]
 

AUDUSD Discovers Its Potential for the Upside Movement as Buyers Lean on the Key Support Level

05 Oct 2019 @ 18:49
After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure. Key Levels Resistance Levels: 0.6895, 0.6805, 0.6776 Support Levels: 0.6671, 0.6620, 0.6600 AUDUSD Long term Trend: Bearish Despite […]
 
 
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