Hopes of an orderly Brexit boosted by last-minute deal

Initially the pound reacted positively, but optimism seems to have waned somewhat and as I write the pound is down on the day. The FTSE 100 is up 75 or so points on the day, with stocks exposed to the domestic economy, such as housebuilders, leading th…

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Dip in sterling and strong performance from housebuilders boost FTSE

StockMarketWire.com – Sterling weakened as investors turned negative on the UK’s ability to secure strong trading conditions with the European Union when it leaves in 2019. This worked in favour of the FTSE 100 as blue-chip companies generate the majority of earnings overseas. Strong results from …

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MACD Indicator MT4 Default Setup Explained

The Moving Average Convergence Divergence is a technical indicator that uses the difference between the short-term and long-term price trends in an attempt to anticipate future price evolution. The indicator is constructed using three moving averages that plot two components on the chart. The default value of the indicator are 26, 12, and 9. The main component is a differential between the 26-period and the 12-period exponential moving average. The bigger the gap between these two moving […]

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U.S. Wholesale Inventories Drop More Than Expected In October

A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. decreased by more than expected in the month of October.

The report said wholesale inventories fell by 0.5 percent in October after inching up by a downwa…

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FTSE storms into the close

But every cloud has a silver lining, and as a result the FTSE 100 has been able to play catch-up with other markets. But with a week until the usual ‘Santa rally’ kicks in, we should be wary about assuming a smooth ride from here to the end of 2017. A steady bounce in non-farm payrolls for the month has …

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U.S. Consumer Sentiment Unexpectedly Deteriorates In December

Reflecting a deterioration in consumer expectations, the University of Michigan released a report on Friday showing an unexpected decrease in U.S. consumer sentiment in the month of December.

The report said the preliminary reading on the consumer se…

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FTSE 100 movers: Berkeley leads builder rally, banks boosted by Basel ‘reprieve’

On the downside there were no company shares on the FTSE 100 index falling as much as 1%, with Intertek the biggest faller as profit taking continues to take the shares away from the autumn’s all-time high. Not dissimilarly, Informa was also retreating after its share prices last month reached heights …

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News from China Boost Rise in Oil Prices

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US NFP in Focus Today

The US dollar picked up steam in the Asian trade today. Investors are anticipating a US Non-Farm Employment Change report as the top priority. Meanwhile, Japan released a report on GDP growth for the third quarter. Japan’s economy surged 0.6% on a quarterly basis. The nation’s GDP grew at an annualized pace of 2.5% that beat expectations for a moderate 1.5% gain. Besides, China’s statistics cemented the optimism of investors. The country’s trade surplus widened last […]

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Dunlelm Group plc shares boosted by pre-Christmas note from Deutsche

Curtains and carpets group Dunelm Group plc (LON:DNLM) saw shares add over 4.5% on Friday as it received a bullish assessment from broker heavyweight Deutsche bank, ahead of Christmas. The bank lifted the price target to 685p from 640p but repeated a ‘hold’ rating. Shares in the group added …

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Dollar Retreats After Mixed U.S. Jobs Data

The U.S. dollar trimmed its early gains against its most major counterparts in the European session on Friday, after the release of mixed U.S. jobs data, which showed better than forecast jobs growth but soft wage growth in November.

Data from the La…

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EUR Holds Lower, While GBP Resists USD

Today, trading during the European session was mixed. Market participants expect important statistics from the United States, which suppresses the movement of the EUR/USD pair. The single European currency is trading under pressure ahead of the report of the US Department of Labor. In general, the forecasts for the greenback are quite optimistic. A slight decline in the number of new jobs is likely to lead to growth of earnings. If the reports are in line with forecasts, the euro […]

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FTSE 100 watch: Footsie benefits from Brexit breakthrough

… albeit front loading the impact to today and on more onerous assumptions,” the analysts pointed out. Lloyds (LON:LLOY) is currently leading the sector higher, having added 4.29 percent to 67.28p. The FTSE 100 was 0.96 percent up at 7,391.34 points as of 14:10 GMT on Friday, December 8, 2017.

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AT&T Stock Near Major Sell Signal

AT&T has rallied into new resistance following an October breakdown and could turn sharply lower, testing long-term support near $31.

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Gold Losing Shine As Fed Preps Rate Hike

Gold futures continued to fall Thursday as an upbeat jobs repeat assured a rate hike from the Federal Reserve next week.

Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor D…

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FTSE 100 higher as US creates more jobs than expected

FTSE 100 gained ground as the US job creation number came in stronger than expected for November – at 228,000 – versus consensus expectations for 198,000. Commentators say it fairly ensures that the Fed wil raise interest rates with a 25 basis point ra…

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Crude Oil Rallies Ahead Of Rig Count

Crude oil futures rebounded for a second session Friday morning ahead of U.S. rig count figures.

After some initial doubts, markets are more convinced that OPEC will comply will its supply quota deal with Russia that was just extended through 2018.

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U.S. Employment Jumps More Than Expected In November

Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday.

The report said non-farm payroll employment jumped by 228,000 jobs in November after surging up by a…

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European Markets Are Strong Early on December 8

After falling last week, the United Kingdom’s FTSE 100 Index started this week on a stronger note. The FTSE 100 Index has been trading with mixed sentiment this week and pulled back on Thursday. On Friday, the FTSE 100 Index opened higher and traded with strength above the opening prices in the …

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FTSE 100 higher as US creates more jobs than expected

FTSE 100 gained ground as the US job creation number came in stronger than expected for November – at 228,000 jobs versus consensus expectations for 198,000. Commentators say it fairly ensures that the Fed wil raise rates with a 25 basis point rate hik…

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