OIL The oil price was hit by the risk off seen on markets in the last 36 hours. Growing fears about the new UK variant of the coronavirus, generated a sell off on both European stocks and oil. For WTI we have a quite significant support zone between $46.50 and $47 per barrel, which triggered…
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What to watch Heico: Aerospace and technology firm Heico has added 16.6% to its share price year-to-date, taking its market cap to $16.9bn. The company reports earnings for the three months ended October 31 on Monday, after beating estimates in each of the past four quarters. Last week, the firm announced an increase in its…
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GOLD As markets scramble back to risk-off strategies, the gold price continues to rally. Bullion finished last week close to $1,900, pulled up by new stimulus from central banks and expectations for new measures in the upcoming months. News of the latest UK Covid variant has given further fuel to the precious metal recovery. From a…
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What to watch Nike: One of the earnings highlights of the week, sports apparel giant Nike will deliver its latest quarterly report on Friday after the market close in the US. The firm has added 39% to its share price in 2020, on the back of a strong online presence and Chinese market demand. Wall…
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What to watch Accenture: Technology consulting giant Accenture has gained 17.5% in 2020, taking its market cap past the $150bn mark, despite a muted environment for corporate IT spending, which makes up a substantial portion of the firm’s business. The firm delivers its latest set of quarterly earnings today, months after announcing its “Cloud First”…
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GOLD A weak US dollar combined with a new stimulus and a dovish Fed have created the perfect scenario for a new rebound for bullion. After some initial uncertainty, the positive momentum that has driven gold in the last few days has accelerated with the price jumping above the resistance level of $1,872-$1,875 to touch…
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What to watch Federal Reserve meeting: The Federal Open Market Committee, which sets the central bank’s interest rate policy, is in the middle of its final two-day meeting of the year. A press conference will be held today, where key points to watch will be the Fed’s stance on future asset purchasing programs, and a…
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GOLD Gold is extending its gain but, more crucially, has once again jumped above the resistance zone of $1,850. A weak greenback, with EUR/USD trying to force the 1.22 barrier and the Dollar Index falling to 90, is helping gold in its recovery while the short-term scenario is regaining momentum. The first target for bullion…
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A subsidiary of Jefferies Financial Group, the FXCM group has a pan-European operation. Currently, the brokerage conducts its services in the European Union with its FCA licence. However, the validity of that licence inside Europe may be questionable in case of a no-deal Brexit. FXCM is still operating im Europe under its UK licence but…
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What to watch Dixons Carphone: While 2020 has been an unusual one for many companies in terms of share price falls, Dixons Carphone has experience of this kind of sell-off. The company lost more than 50% of its value when the March sell-off hit, and remains a long way from its 2020 high. It also…
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