Fund raising move hits Centrica shares

The FTSE 100 closed flat, but British Gas owner Centrica sank 10% after it announced plans to raise more capital through a share sale. Related Posts:The euro hits certain points May 9, 2024 Disappointing data from Germany and the realization that Europe will…Analysis of GBP/USD on May 8th. The pound hits an important… May 8, […]

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Alibaba profits soar on mobile sales

The world’s biggest e-commerce company Alibaba reports a 193% jump in annual profits as sales on mobile devices jump. Related Posts:Analysis of GBP/USD. April 15th. Retail sales in the USA… April 15, 2024 The wave analysis for the GBP/USD pair remains quite complex,…Will US retail sales add juice to the dollar’s rally? –… April 12, […]

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Bitcoin ‘creator’ cancels proof

Craig Wright, the Australian entrepreneur who has claimed to be the inventor of Bitcoin, reneges on a promise to provide “extraordinary proof”. Related Posts:Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024:… May 10, 2024 Bitcoin (BTC/USD) is trading around 63,207, above the 21 SMA,…Bitcoin finds support from a weaker dollar – Crypto News May […]

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Economy ‘near stalling’ as services slow

UK economic growth is “near stalling”, partly due to uncertainty over the EU referendum, according to a closely-watched survey. Related Posts:GBP/USD. May 10th. The British economy was pleasantly… May 10, 2024 On the hourly chart, the GBP/USD pair on Thursday executed…Can Chinese PMIs solidify the economy’s recovery prospects?… April 26, 2024 Important Chinese PMI surveys […]

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New Day paper to close after poor sales

The editor of the New Day says her team “tried everything” to make a success of the newspaper but low sales were to blame for its demise, just nine weeks after it was launched. Related Posts:Technical Analysis – GBPJPY close to a new 9-year high   April 26, 2024 GBPJPY is in the green again […]

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Zimbabwe to print US dollar equivalent

Zimbabwe is set to print its own version of the US dollar in order to ease severe cash shortages in the country. Related Posts:EUR/USD. May 10th. Traders continue to torment the dollar May 10, 2024 The EUR/USD pair reversed in favor of the European currency…Bitcoin finds support from a weaker dollar – Crypto News May […]

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Sales recovery continues at Morrisons

Morrisons supermarket reports a second quarter of rising sales as it continues to cut costs and prices. Related Posts:Technical Analysis – GBPJPY continues to ascend May 10, 2024 GBPJPY keeps climbing higher, above the recent rectangle pattern GBPJPY…GBP/USD: trading plan for the US session on May 9th… May 9, 2024 In my morning forecast, I […]

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China shares flat as growth fears linger

Shares in China trade flat as worries about global growth prospects continue to worry investors. Related Posts:Outlook for GBP/USD on May 9. The pound flat ahead of the… May 9, 2024 Analysis of GBP/USD 5M On Wednesday, GBP/USD did not make…Growth continues: Wall Street in green for third day in a… May 7, 2024 American […]

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Clydesdale Bank’s new PPI payouts

Another £450m is set aside to compensate Clydesdale Bank customers for mis-sold payment protection insurance (PPI). Related Posts:Analysis of EUR/USD pair on May 9th. Euro woke up after the… May 9, 2024 The wave analysis of the 4-hour chart for the EUR/USD…Market Comment – Pound slides ahead of Bank of England… May 9, 2024 BoE […]

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Is China’s media tycoon Jack Ma the new Rupert Murdoch?

Is China’s Jack Ma the new Rupert Murdoch? Related Posts:China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024 China’s Q1 GDP to fall below 5.0% on Tuesday at…Weekly Forex Outlook: 12/01/2024 – China GDP and December… January 12, 2024 China reports Q4 GDP data on Wednesday; is a rebound…

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Russian Grand Prix on track to change hands

Russian Grand Prix on track to switch owners Related Posts:Outlook for GBP/USD on May 8. The pound has stopped rising,… May 8, 2024 Analysis of GBP/USD 5M GBP/USD experienced a minor downward retracement,…GBP/USD. April 29th. Bulls find it extremely difficult to… April 29, 2024 On the hourly chart, the GBP/USD pair continued to trade…XM Teams […]

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VIDEO: Are amber’s golden days numbered?

Strong demand, especially from China, has helped ramp up the price of the ornamental resin amber, making it worth more than its weight in gold – some fear an investment bubble. Related Posts:Video market update for May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material has been…Video market update for […]

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Tesla boosts mass market car production

Electric carmaker Tesla Motors says it is on track to produce 500,000 vehicles in 2018, two years earlier than expected. Related Posts:Video market update for May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material has been…Market Comment – Dollar slides, gold shines after soft US… May 10, 2024 Dollar drops […]

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VIDEO: China: What’s in a name?

Apple has been forced to share the iPhone name in China, but which other US brands have had similar problems in the country? Related Posts:Video market update for May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material has been…Video market update for May 09, 2024 May 9, 2024 Potential for […]

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Takata to double US airbag recall

Japanese airbag maker Takata has been forced to increase a recall after US authorities said they found further safety defects in its products. Related Posts:The Fed and global instability: a double blow to American… April 18, 2024 On Wednesday, the US stock market showed a decline, which…Trading Signals for GOLD (XAU/USD) for April 17-19, 2024:… […]

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European Central Bank axes 500 euro note

The European Central Bank says it will no longer produce the €500 note because of concerns that it could help facilitate illegal activities. Related Posts:EUR/USD: trading plan for the US session on May 10th… May 10, 2024 In my morning forecast, I paid attention to the 1.0785…GBP/USD: trading tips for beginners for European session on… […]

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Miners and supermarkets weigh on FTSE

London’s top share index closes down 1.2% with mining and supermarket shares among the biggest fallers. Related Posts:Overview for the GBP/USD pair on April 17th. British… April 17, 2024 The GBP/USD currency pair also attempted to start an upward…

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Sainsbury’s hit by falling food prices

Sainsbury’s reports a fall in annual underlying profits as the supermarket price war continues to hurt the retailer. Related Posts:We’ve Shared Food and Ramadan Blessings in Pakistan April 24, 2024 In partnership with the ‘Rizq’ charity, we’ve donated ration packages…GBP/USD. April 17th. Inflation in Britain is falling, but… April 17, 2024 On the hourly chart, […]

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Shell cuts spending as profits fall

Royal Dutch Shell says it will cut its spending by another 10% this year after warning lower oil prices will continue to affect its business. Related Posts:Bitcoin slips as markets pare back Fed rate cuts – Crypto… April 26, 2024 Halving proves to be a non-event for Bitcoin Expectations of…Outlook for EUR/USD on April 25. […]

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Apple loses fight over ‘iPhone’ in China

A Chinese company is free to use the name “IPHONE” on its handbags and leather goods after Apple loses a trademark court ruling in China. Related Posts:EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024 The EUR/USD pair executed a new reversal in favor of…Technical Analysis – Apple stock bounces off 1-year low […]

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NYSE owner rules out bid for LSE

The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), says it will not make a takeover offer for the London Stock Exchange (LSE). Related Posts:Market Comment – Dollar slides as Powell rules out rate… May 2, 2024 Fed appears less hawkish than expected Dollar and Treasury yields…

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Adidas to sell bulk of golf business

Sportswear giant Adidas says it plans to sell most of its loss-making golf business in order to concentrate on shoes and clothing. Related Posts:Trading Signals for BITCOIN (BTC/USD) for May 7-9, 2024:… May 7, 2024 Bitcoin is trading around 63,588, below the 200 EMA, and…Trading Signals for EUR/USD for May 6-8, 2024: sell below… May […]

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Expert regrets Bitcoin ‘creator’ blog

A Bitcoin expert expresses regret about the way he blogged support for an Australian’s claim to have invented the crypto-currency. Related Posts:Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024:… May 10, 2024 Bitcoin (BTC/USD) is trading around 63,207, above the 21 SMA,…Bitcoin finds support from a weaker dollar – Crypto News May 10, 2024 […]

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Broadband ads ‘mislead and must change’

The Advertising Standards Authority rules that broadband ads need to be clearer, following evidence the public do not understand current ones. Related Posts:Outlook for GBP/USD on May 8. The pound has stopped rising,… May 8, 2024 Analysis of GBP/USD 5M GBP/USD experienced a minor downward retracement,…GBP/USD. April 29th. Bulls find it extremely difficult to… April […]

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