World

As predicted, food sales across the UK rose by 1% year on year in December, as consumers cared not for Brexit, but for spending money over the festive period. With inflation set to move closer to the 2% marker, prices are set to increase. Morrison’s and Aldi are already profiting from cheaper prices than the […]

Last week’s currency movements could potentially be a preview of what to expect for 2017. The US dollar showed sensitivity to Fed announcements after the release of December’s FOMC meeting minutes. Meanwhile, Sterling remained on the back foot and performed poorly in most currency pairings for the majority of the week. This was due to […]

Over in the UK, the Bank of England had to admit that they got it wrong about Brexit when they predicted a sharp downturn. Yesterday buoyant service sector showed that the UK economy continues to defy expectations of a Brexit slowdown. The activity index printed at 56.2 and rose to its highest level in 17 […]

Yesterday, Eurozone Inflation figures surprised onlookers, as figures revealed 1.1%, its highest in over three years. With November’s marker of 0.6% a higher price in energy, consumer consumption and tobacco sectors were seen as the driver. Mario Draghi has longed for inflation to be at 2% and his target of 2018-19 could be beaten if […]

The pound lost ground yesterday, following surprise news that the EU ambassador Sir Ivan Rogers had resigned. In his resignation letter, he took a swipe at Government plans, stating a need to challenge ‘ill-founded arguments and muddled thinking’. Rogers was due to step down in November after serving a 4-year term, and was also part […]

German unemployment figures and Consumer Price Index figures are out for viewing this morning, with year-on-year inflation expected to touch 1.4%, its highest number in three years. The figure may boost the Euro slightly however, with the EU extending its Bond Purchasing programme, it is still expected to cause volatile swings for Q1 & Q2. […]

It is now a good time to purchase Vast Resources shares (LSE:VAST), since it has begun going upwards, forming a clean “buy” signal. Price moved within the Trendlines from October to December, and it has recently jumped upwards, now above the upper Trendline. At the same time, the RSI period 14 goes above the level […]

Gulfsands Petroleum stock (LSE:GPX) has begun a nice ride towards the north. Price was in a tight base for most part of the year, but a serious rise in momentum began to happen from November 2016, resulting in a serious bullish gains. 4 EMAs are used for the analysis and they are EMAs 10, 20, […]

The EUR/JPY went flat throughout last week. However, a closer look at the market reveals that bulls are intent on pushing price higher. So when momentum returns to the market, it might push price towards north. The supply zones at 123.00, 123.50 and 124.00 might be reached soon. EUR/USD: The EUR/USD went down on Monday […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards on Monday and Tuesday, and then began to make some bullish attempt, all in the context of a downtrend. A strong movement is not anticipated this week (although it is a possibility), for the market may not do more than […]