Share tips of the week – 13 May

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.

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Investment Bank Outlook 12-05-2022

CIBCKey Headlines Very rough morning for Asia. Risk-off the moment Asia kicked off saw US equity futures fall, Treasuries jumped. In terms of FX, speculators gunned for AU$¥, which broke the previous low of 89.75 to print 89.55. Then a massive turnaround into the Tokyo fix, very strong demand for ¥-crosses like EUR¥ and AU$¥ and at the same time, US equity futures turned positive. PBoC Vice Governor Chen caused the offshore $CNH to jump. He said loan rates have been guided to decline which translate as a signal for more Yuan weakness in the near term. $CNH printed 6.7888. FX FlowsWe started the day with weak risk appetite. Market ran the AU$¥ down to 89.55, I suspect there were stop sell orders beneath the previous low 89.75. At the same time $YEN got down to 129.51. No news whatsoever and risk appetite improved. I was told that Japanese investors sold Treasuries and the yields firmed up. Odd demand for ¥-crosses built a base for US$¥ and calm restored. I was also told that the Japanese retail sector have added to their long $YEN position this morning.Drama in AU$¥ had the AU$ swinging up and down. Initial sales in the cross pushed the US$ leg to 0.69115, then reversed back to 0.6952. Asian equities turned negative and AU$ brought down to 0.69055. I have mentioned that bids occur from 0.6910 to 0.6900, they have held well. The sudden risk-off coincided with PBoC Vice Governor’s comments that loan rates have been guided to decline. According to Bloomberg, traders are taking it as a signal for more Yuan weakness in the near term.The UK attorney-general has approved the scrapping of large parts of the Northern Ireland Brexit, EU has threatened to retaliate if UK rips up Northern Ireland protocol. These stories propped up the EUR£, GBP$ traded lower and eventually took out option barrier at 1.2220.EUR$ dominated by cross play. First, we saw buying of EUR£ over the UK news, this was followed by EUR¥ buying. Once over, EUR$ ended just few ticks above New York closing.CitiEuropean OpenMarkets in Asia started slow, but risk sentiment soured heading into the European Open and a USD bid gained momentum. We saw big moves lower in AUD and NZD, both which plunged alongside CNH. USDCNH had seen a drift higher accelerate as weekly highs that were set were breached. Equities, which had continued their downward trajectory into the NY close tapered lower in Asia after a small bounce. UST saw an early squeeze higher led by 10y notes, although this came off as the day progressed. PHP saw 1Q GDP beat, although the currency tracked CNH lower.Looking ahead, we will await an expected vote for Fed Chair Powell for USD, alongside secondary data and Fedspeak. EUR will see ECB’s De Cos speak in Madrid, while SEK will see CPI figures watched closely, as markets gauge the Riksbank’s next steps. GBP eyes a set of economic data today. MXN sees IP data prior to a rate decision, in which Citi Economics expects a 50bp hike to 7%. INR will see IP data and CPI, while ARS will also see a CPI print.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/investment-bank-outlook-12-05-2022"
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Daily Market Outlook, May 12, 2022

Daily Market Outlook, May 12, 2022 Overnight Headlines PBoC Says It’s Making Stabilizing Growth A Higher Priority Japan, China, S.Korea Finance Leaders Urge Caution Amid Ukraine Crisis Japan's Current Account Surplus Widens On Large Investment Gains New Zealand 1-Year Inflation Expectations Rise To 32-Year High New Zealand House Prices Up But Sales Activity Slows Fed’s Bullard: April Inflation 'Hot' But Does Not See 75Bp Hike 'For Now' Fed's Bostic: Rising Market Yields Show Fed Retains Credibility US Senate Confirms Philip Jefferson To The Fed Board US Grapples With Russian Blockade Endangering Global Food Supplies US Treasury Reports Record Budget Surplus In April As Revenues Soar Brussels Predicts EUR195 Bln Bill To Wean EU Off Russian Energy BoJ Official Rules Out Policy Tweak To Counter Weak Yen Oil Slips More Than 1%, Dogged By Recession Fears Shares Drop On Stubborn US Inflation, Rates Worries China To Convene Private-Sector Giants As Markets Mull Crackdown Disney Streaming Subscriptions Top Wall Street TargetsThe Day Ahead Focus in the Eurozone will be on ECB’s Makhlouf head of the central bank of Ireland and De Cos head of the central bank of Spain both speak today in the absence of any tier one data releases. Markets will be monitoring their comments for any reference to CPI inflation currently at 7.5% with markets concerned that the central bank will have limited ability to contain inflation in the medium term. Recent ECB central bank speakers have alluded to the need to raise rates inJuly to combat the rise in inflation, specifically ECB head Lagarde referenced the potential for lift off within ‘weeks’. In the US focus will shift to producer prices today. Markets expect core and headline inflation to remain elevated after yesterday's CPI inflation printed 8.5% on an anualised basis in April, many market watchers anticipate that current levels should point to peak inflation in the current cycle, however, as in Europe inflations remains stubbornly high with the FED set to continue on their hiking path in June and July with markets expecting 50bps raises at both meetings.FX Options Expiring 10am New York Cut EUR/USD: 1.0400 (507M), 1.0600 (1.27BLN), 1.0625 (793M) 1.0645-50 (435M) USD/JPY: 128.00 (414M), 128.25 (400M), 130.00 (321M) 130.95 (318M) GBP/USD: 1.2400 (709M). EUR/GBP: 0.8580-90 (550M) 0.8615 (240M) USD/CHF: 0.9950 (250M). EUR/CHF: 1.0350 (379M) USD/CAD: 1.2745-55 (550M), 1.3000 (300M), 1.3020-25 (270M)Technical & Trade ViewsEURUSD Bias: Bearish below 1.0950 Bullish above EUR/USD opened -0.14% at 1.0513 after whippy reaction to US CPI After trading at 1.0508 EUR/USD edged higher on EUR/GBP and EUR/JPY buying EUR/USD traded to 1.0529 and it is around 1.0525 into the afternoon Bids below 1.0500 support while sellers ahead of 1.0600 cap rallies It is trading with a heavy tone after four straight days of lower highs Support is at a trend-line at 1.0492 and April 29 low at 1.0469 Resistance is at yesterday's 1.0579 high and 21-day MA at 1.0643 Selling rallies with a stop above 1.0645 is the favoured strategyGBPUSD Bias: Bearish below 1.30 Bullish above. GBP/USD hits new 2 – year low on negative UK March GDP print Cable falls to 1.2185 on unexpectedly negative UK March GDP print Minus 0.1% vs zero f/c 1.2185 is lowest level since May 2020 1.2196 was low shortly before the 0600 GMT UK GDP data release 1.24 was Wednesday's high -- before risk aversion boosted safe-haven USD Nasdaq closed down 3.2% Wednesday - Bitcoin down. Brexit concerns are helping weigh on GBPUSDJPY Bias: Bullish above 125 Bearish below USD/JPY looks to consolidate in a 'new' range eyeing moves in US yields US CPI suggests inflation could be peaking, US yields off as a result USD/JPY down too but downside limited so far, Asia 129.51-130.05 EBS 128.62-131.35 likely range for now, low May 4-high May 9 Japanese importer, some investor, spec dip-buy strategies remain in place Japanese exporters, specs to help cap any rallies US yields heavy post-CPI, Treasury 10s currently @2.894% Asia risk-off after Wall Street plunge, on global growth concernsAUDUSD Bias: Bullish above .7300 Bearish below AUD/USD opened unchanged at 0.6940 after a whippy reaction to US CPI It fell to 0.6911 early Asia when Tokyo sold AUD/JPY down 0.5% at the open AUD/JPY buyers emerged ahead of 0.6900 and AUD/USD bounced back to 0.6952 Weak Asian equity markets limited gains and AUD/USD fell again Small stops below 0.6910 were triggered and it traded to a 2-year low at 0.6905 Bids ahead of 0.6900 held again and it is back to 0.6920 into the afternoon AUD/USD remains vulnerable as global growth concerns weigh on sentiment A break below 0.6900 targets the 50% of 0.5510/0.8007 move at 0.6758 Resistance at 10-day MA at 0.7040 validated by yesterday's price action

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-may-12-2022"
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Bitcoin Is on Thin Ice

Gold has tested the supporting level of 1840.00, forming a bullish engulfing. The asset might potentially head North and target the daily downtrend.Brent oil is heading up. Should oil manages to close the trading day with a bullish engulfing, it might potentially hit the level of 140 U.S. dollars per barrel.Bitcoin is approaching a very interesting level of 28600.00. It might potentially pull back from this level and head North. Although Bitcoin can also break the support. In this case, it might trade at the level of 12500. So, it is worth observing what is about to happen next.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-is-on-thin-ice"
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Market Update – May 12 – Tech Trounced as Inflation possibly peaks

USD rallies to new highs following much volatility after US CPI data for April was lower than March but higher than expected, rekindled concern that aggressive central bank action will weigh on growth.  Stocks sharply into the red,  Yields Yields spiked sharply higher a tad as talk of Treasury rout also cools with 10-yr back under 3.00%. Oil jumped after Russia sanctioned 31 companies & on recession fears . Gold slightly up , but holds below $1860. Bitcoin tumbed to new 16-month low. UK economy shrinks in March, grows 0.8% in Q1. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country’s GDP. Reuters : “Property developer Sunac China missed a bond interest payment and will miss more as China’s real estate sector remains in the grip of a credit crunch.” New Zealand inflation survey steady.

• USDIndex spiked to 104.20 & holds its bid trading at 104 now.
• Equities – USA500 slided below the 4000 level before bouncing back, into the green with the USA30. But all of the indexes crashed into the close, paced by the USA100’s -3.18% plunge. Nikkei dropped 1.8%, the ASX also -1.8%.
• Yields had jumped to 2.839% and 3.07%, respectively, in the immediate aftermath of the data. 10-year rate closed 6.5 bps lower at 2.920%, with the 2-year up 3 bps to 2.64%.
• Oil breached $106.23 before reversing to $103.46 (PP of the day).
• Bitcoin fire-sale of risky assets as rate hikes gather steam, fell 7% to $26,673. 
• FX markets – EURUSD down to 1.0489, USDJPY drifted further in EU open to 129.25, & Cable retests 1.2210.  AUD & NZD at 2 year’s low.

Today – US PPI & Initial CLaims, Speeches from BOC Gravelle.

Biggest FX Mover @ (06:30 GMT) ETHUSD (-12.47%) Down to June’s 2021, at 1787. MAs aligning lower, MACD signal line & histogram extend lower, RSI 27 OS, H1 ATR 90.59, Daily ATR 236.65.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.

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The return of the Marcos dynasty to the Philippines

The Philippines has elected Bongbong Marcos as president, three decades after his family was ousted from power in a popular revolution. What does that bode for the future?

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Calculate your personal inflation rate

This useful calculator lets you see the effect of price rises on your budget, to calculate your own personal inflation rate.

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Currencies: the yen just keeps on tumbling

The Japanese yen is trading close to a 20-year low with the US dollar, with the Bank of Japan in no rush to raise interest rates.

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4 weeks of sharp falls for Gold

The price of gold has had a sharp contraction in recent weeks and some days with falls greater than 300 pips. Gold reacts to global conflicts and the movements of banks in reaction to them.

This week, Gold started with its first two days of declines, reacting to the  Fed’s  rate hike from  0.50% to 1.00%, the biggest increase in 22 years. In addition, today the president of the Fed-Cleveland, Loretta Mester, supported the monetary tightening by pointing out that they would maintain a pair of increases of 50bp (for June-July marked by Powell) and up to 75bp expecting it to exceed 2.5% for the reduction, emphasizing that no option will be ruled out if inflation does not fall in Q2, as inflation is currently the highest in 40 years. Now this week’s focus is on the annual CPI with a forecast of 8.1% expecting a reduction of 0.4% from the previous one at 8.5%, an underlying CPI with a forecast of 6.0% with a reduction of 0.5% compared to the previous one of 6.5%, percentages not seen since 1980.  In addition, oil inventories could go from 1,302M to -0.457M.

 “We don’t rule out 75bp forever, right? The pace we’re going at now seems right to me” – “We’re going to have to assess whether inflation is really going down, and then we can get more information after making a couple of those hikes (50bp) to watch” – Loretta Mester on Bloomberg TV.

On the other hand, the Dollar continues to hold steady despite the pullback of Treasury yields to 2.94% and the risk reduction giving the bears a bit of an edge in the metal, but will it stay the same tomorrow after the data?

However, gold also remains the usual safe haven from global issues such as Covid restrictions in China, the Ukraine-Russia war, the increase in global inflation coupled with the crisis due to the pandemic, and the increase in the price of gas and oil for the eurozone from the Russian energy ban.

XAUUSD

The price of gold has remained under pressure in recent weeks after having broken upwards the year’s triangle, marking a journey that went from the 1,780s to mark a maximum at 2,070.35 very close to the historical maximum of 2,075.08. However, it did not manage to stay above the psychological level of 2,000, giving a fall to the already broken trendline of the triangle breaking the 1,900, the 21-week SMA and for the moment stopping at the 50- and 100-week SMA in 1,833.52 and 1,840.30 after a drop of more than 400 pips in this active weekly candle.

The ADX is at 28.45 with bearish bias, the -DI is crossed above the +DI and is at 23.72.

In the daily timeframe we can observe the failure of Gold to sustain the 2,000 highs, activating an OB condition and the beginning of a sharp downwards move for gold. The asset turned back below the 100-day SMA and the 200-day SMA at 1,835.52, very close to the triangle, which could provide a strong support level at 1,830, the last buying level before the psychological level of 1,800.00. In the case of a rebound from the latter, gold could recover 1,850.00, the 100-day SMA. On the flipside, falling below 1,800, we would expect supports at previous lows marked by this triangle that could reach 1,700.00 and even the 200-week SMA at 1,625.06.

ADX is at 26.34 with bullish bias rebounding at the level of 25, +DI at 12.88 being surpassed by the -DI at 31.12 marking a possible start of downtrend, if this configuration manages to be maintained.

Sources

https://elintranews.com/usa/2022/05/10/polemica-presidenta-del-banco-de-la-reserva-federal-sostiene-su-respaldo-a-las-alzas-de-las-tasas-de-interes/

https://www.bloomberglinea.com/2022/05/10/mester-de-la-fed-respalda-alzas-de-medio-punto-o-mas-si-persiste-inflacion/

https://es.investing.com/news/economy/rendimiento-de-bonos-eeuu-cae-mientras-el-mercado-reevalua-el-riesgo-de-inflacion-2247831

Click here to access our Economic Calendar

Aldo Zapien

Market Analyst – Educational Office – Mexico

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.

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​ Daily Market Outlook, May 11, 2022

Daily Market Outlook, May 11, 2022 Overnight Headlines China Inflation Exceeds Forecasts As Lockdowns Roil Supplies Australia Consumer Sentiment Dives As Rates, Inflation Rise BNZ: Risk Of New Zealand Recession `Rising By The Day' NZ Government Brings Forward Full Border Opening To End Of July Fed’s Bostic: The US GDP Will Increase By 2.6% This Year Fed's Mester: Will Need "Compelling" Drop Of Inflation To Slow Rate Hikes Fed's Waller: Inflation Is Too High, Job Market Out Of Whack US House Passes $40B Ukraine Aid Package; Sends It To Senate ECB’s Villeroy: Governments Must Tackle Debt As Rates Rise ECB's De Guindos: ECB To Normalize Sooner Rather Than Later EU's Sefcovic: Renegotiation Of N.I Protocol Is Not An Option UK To Enter Recession This Year, Think-Tank NIESR Forecasts Goldman Says Yen Shows Significant Value As A Recession Hedge Dollar Down But Near Two-Decade High Ahead Of US CPI Oil Turns Higher On Looming EU Ban On Russian Oil EU Considers Looser Green Standards While Replacing RU Oil UAE, Saudi Energy Ministers Hit Back At ‘NOPEC’ Bill Asian Shares Inch Up From Near Two-Year Lows Ahead Of US CPI Occidental Posts Record Profit, Free Cash Flow As Oil SoarsThe Day Ahead Asian equity market performance is mixed this morning. Several markets are up sharply with China leading the way, possibly reflecting news that Covid cases are slowing. However, other markets seem to be waiting on US CPI data. Chinese CPI inflation rose by more than expected in April, possibly due to the impact of the latest lockdown. Natural gas prices have fluctuated sharply this week reflecting supply uncertainties. The lower house of the US Congress passed a $40bn Ukraine bill and the Senate will vote on it next week. Ongoing concerns about the need for further interest rate hikes to combat rising inflation mean today’s US CPI report for April will be seen as the key release of the week. Expect it to show a fall in the annual rate of headline inflation to 8.2% form 8.5% in March and the core rate (excluding food and energy) to 6.1% from 6.5%. That would be the first deceleration in headline CPI inflation since last August. Barring further energy price shocks, which remains an upside risk, March may mark the peak US inflation rate for this year. However, even if a turning point has been reached, there is substantial uncertainty how quickly it will fall in the coming months particularly as there are signs that inflationary pressures are broadening out. The Fed will probably be expecting today’s deceleration in inflation but nevertheless it will be interesting to hear the reaction of policymakers. Only one Fed policymaker is scheduled to speak today but others may also comment. We expect the news to be welcomed but that there will be no hint that the Fed is through with raising interest rates. Several ECB officials are also set to speak, and their comments will be watched for signs whether a July interest rate rise is on the cards. UK GDP data for March will be released early tomorrow. GDP started the year on a strong footing with a monthly rise of 0.8% reflecting a post-Omicron rebound, but that is likely to be the high point. Growth slowed in February to 0.1% despite the boost to activity from the further relaxation of Omicron restrictions for consumer-facing sectors. We expect a similar rise of 0.1% in March, with a slowdown in services output offset by rebounds in industrial production and construction output. Look for the first estimate of Q1 GDP to have risen by 1.0%q/q, but uncertainties abound for the rest of the year, not least the impact of a big fall in households’ real incomes on consumer spending.FX Options Expiring 10am New York Cut EUR/USD: 1.0500 (342M) USD/JPY: 129.98-00 (500M) USD/CAD: 1.2765-70 (1.38BLN), 1.2790 (1.12BLN)Technical & Trade ViewsEURUSD Bias: Bearish below 1.0950 Bullish above EUR/USD playing a waiting game ahead of key data Steady trade within an early 1.0525-1.0549 range with a bull bias Inflation data due from the U.S. at 1230GMT: expected to ease in April Reuters poll: core y/y 6.0% vs 6.5% and headline 8.1% vs 8.5% Dollar and yields likely to back off on a softer CPI return Base effects expected to bring down annual inflation readings A large M&A deal on the radar: could impact USD/SEK Technically, sideways bias with breakout points at 1.0488 and 1.0642 Talk of offers ahead of 1.0600 and small stops below 1.0470, Apr 28GBPUSD Bias: Bearish below 1.30 Bullish above. GBP/USD holds above 1.23 ahead of U.S. inflation data Cable has traded a 35 pip range thus far Wednesday; 1.2309-1.2344 That range is within Tuesday's parameters (1.2292-1.2375), and Monday's too 1.2262-1.2405 was Monday's range (1.2262 = lowest level since June 2020) U.S. April CPI data due at 1230 GMT; core f/c +6% YY, headline f/c +8.1% YY 50 bps Fed hikes expected in June and July UK to enter recession this year, think-tank NIESR forecastsUSDJPY Bias: Bullish above 125 Bearish below USD/JPY, JPY crosses tread water ahead of US CPI USD/JPY, JPY crosses do little in Asia ahead of key US CPI data USD/JPY 130.24-47 EBS, flows few and participation low Japanese importer/spec bids from @130.00, exporter/spec offers 130.50+ Option expiries today - 129.80-130.00 total $774 mln, 131.00 $310 mln Inside day for US yields too, Treasury 10s 2.977%-2.997%, now @2.987% Risk mood better, Nikkei +0.3% @26,249, E-Minis +0.4% @4011 EUR/JPY 137.23-40 EBS, GBP/JPY 160.32-88, AUD/JPY 90.29-76 Japan foreign reserves fall back in April to $1.322 tlnAUDUSD Bias: Bullish above .7300 Bearish below Moves higher as mood in Asia improves ahead of US CPI AUD/USD opened -0.16% at 0.6940 after key commodities continued to ease The mood in Asia was buoyant as Asian equity markets moved higher AUD/USD traded up to 0.6961 and is around 0.6955 into the afternoon Sellers are tipped ahead of 0.7000 with resistance at the 10-day MA at 0.7060 Bids are tipped ahead of 0.6900 with support at yesterday's 0.6911 low US CPI later today will be a key event for direction of yields and USD

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Market Update – May 11 – All about the Inflation Outlook

USD holds at highs and on standby for US CPI later, Stocks stalled their recent declines,  Yields cool a tad as talk of Treasury rout also cools with 10-yr back under 3.00%. Oil paused its 9% slump on EU Oil ban and OPEC talk of capacity issues. Gold under $1850.  Asian shares off 2-year lows (Nikkei +0.18%). Chinese Inflation hotter than expected, Biden supports FEB actions, more Fed members talk rate hikes, NZ housing market shows signs of cooling. US House of Representatives approves $400bn support package for Ukraine as US intelligence chief talks of Putin preparing for “long war”.

• USDIndex remains under 104.00 but holds its bid trading at 103.75 now.
• Equities – USA500 +9.81 (0.25%) at 4001.05, US500FUTS at 4015 now. Peloton -8.7% @ $12.70 (ATH was $171), COIN -12.6%, TSLA +1.64%, TWTR -1.64% (Musk would allow TRUMP back). APPLE (+1.61%) retired the Ipod after 21 years.
• Yields cooled -10-yr closed at 2.993%, below key 3.00% level.  Trades down over 1.5% today at 2.98%.   
• Oil & Gold both had weak & volatile sessions –  USOil tested down to $98.00 before reversing to $102.20  Gold slumped from  $1865 to $1830 earlier and struggles at $1845 now. No safe-haven bid.
• Bitcoin languishes at $31K now, over 50% down from ATH and -35% YTD
• FX markets – EURUSD up from 1.0500 to 1.0545, USDJPY holds over 130.00, at  130.25 and Cable continues to struggle at 1.2335.  AUD outperformed in Asia.  

Overnight – CHINA CPI  & PPI hotter than expected, (2.1% vs 1.5% & 8.0% vs 7.8%) respectively.  JPY leading Indicators  better than expected & German M/M CPI in-line at 0.8%.  ECB’s Müller: Appropriate to raise rates into positive territory by year-end. FEds Waller & Mester more hawkish. (Mester talked of going beyond neutral)

Today – US CPI, Speeches from Fed’s Bostic, ECB’s Lagarde, Schnabel, Elderson, de Cos, Centeno, Vasle & Muller. Earnings from Ubisoft, Siemens Energy, Poste Italiane, E.ON, Continental, ITV, Compass & Beyond Meat.

Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.42%) Rallied from lows at 0.6910 yesterday to 0.6970 now, next resistance 0.6980 and 0.7000 today. MAs aligning higher, MACD signal line & histogram moving higher & testing 0 line, RSI 56 & rising, H1 ATR 0.0016, Daily ATR 0.011.

 

Click here to access our Economic Calendar

Stuart Cowell

Head Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.

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Ellenborough Park: a winning country house hotel

Come to Ellenborough Park for the horse racing, stay for the fine dining, says Matthew Partridge

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How to find an angel investor for your business

Make sure your start-up business has the right type of backer before signing a deal, says David Prosser.

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How to make your child a financial whizz

Money skills aren’t always taught at school. You need to take matters into your own hands, says Ruth Jackson-Kirby.

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