FTSE full of festive cheer

Heading into the close, the FTSE 100 is 50 points higher, lifted by optimism surrounding mining stock and Asia-focussed banks. … For the FTSE 100, it may have started last Friday, but further gains today, helped along by sterling weakness, are contin…

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FTSE 100 close to intra-day highs, bolstered by resource stocks

The FTSE 100 was a few points shy of its intra-day high entering the last half-hour of trading. The FTSE 100 was up 57 at 7,451, some seven points below its high for the day. Marketing and advertising conglomerate WPP PLC (LON:WPP) was topping the lead…

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What Is Moving Average in Forex Trading

The Moving Average is one of the fundamental tools in technical analysis It is a trend following or a lagging indicator based on past prices. It helps smooth out price action by filtering random price flucutations. The two of the most popular types are simple moving average and exponential moving average. The SMA is calculated by averaging prices over a given number of periods. For example, the 20-period moving average would average price levels […]

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One double bagger I’d sell to buy this FTSE 100 star

FTSE 250 firm Coats Group (LSE: COA) is a company I hadn’t heard of until around a year ago, when it began a rapid turnaround that’s seen its shares double in less than one year. The group is one of the world’s largest industrial thread manufacturers, producing threads for use in products such as …

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FTSE 100 movers: Babcock bounces higher but Whitbread retreats

Babcock was a standout gainer after it said the adoption of new accounting rule IFRS 15 would not require a change in contract revenue or profit recognition. IFRS takes effect on January 1, 2018. It “identifies performance obligations in contracts with customers, allocates the transaction price to the …

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Market Alert to Policy Meetings of Global Central Banks

Investors are confident in their preferences since the early European trade. Today, the euro is heading for a 5-day high against the US dollar. The most popular pair is trading close to 1.18. Experts say that the euro is taking advantage of the weaker dollar. The greenback is retreating today amid softer earnings data in the US payrolls report released on Friday. Meanwhile, market participants are sitting on the sidelines ahead of policy […]

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Centrica share price: Group launches JV with Bayerngas Norge

Centrica’s share price has fallen deep into the red in today’s session, having given up 1.73 percent to 141.60p as of 14:27 GMT, underperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.66 percent higher at 7,442.68 points. The group’s shares have lost more …

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Banks lead FTSE higher as Fed prepares rate rise

Banks have driven the FTSE 100 higher, buoyed by last week’s new rules for the sector and ahead of an expected US interest rate rate rise. Markets. Other markets. FTSE 100 · FTSE 250 · FTSE 350 · FTSE ALL SHARE · Bovespa · CAC 40 · DAX · EURONEXT 100 · HANG SENG · IBEX 35 · SMI.

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Activist will push for Whitbread split, investor predicts

An activist investor that has built a position in Premier Inn and Costa Coffee owner Whitbread is likely to push for a break-up, a shareholder has predicted. Sachem Head, a New York-based fund, has not stated what it will do with its stake in the FTSE …

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Daily Forex News and Analysis — December 11th 2017

US stocks traded higher on Monday after a stronger than expected November jobs report helped buoy stocks in early action. The Dow Jones rose by 0.49%, the S&P 500 by 0.55%, and the NASDAQ added 0.40% to its value. The US dollar traded higher against a basket of major currencies on Monday after data showing that while the US economy created more jobs than expected last month, wage growth remained […]

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Cryptocurrencies on Rise as CBOE Lists Bitcoin Futures

While the foreign exchange market remains calm, bitcoin continues to grow rapidly. Interest in the cryptocurrency has increased amid the news that today the Chicago Board Options Exchange launched bitcoin futures trading. During the weekend, the cryptocurrency jumped by more than 25%. According to most investors, demand exceeded all market forecasts. Now, bitcoin is expected to hit $16,500 and continue its rally. Ethereum also attracts traders. Today, […]

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