Europe close: Santa holds sway in London, but Madrid and Paris fall

With many stock markets on holiday already or due to close early, volumes remained minimal across Europe on Christmas Eve as low levels of newsflow prompted many traders to hit the road early. Trading volumes were “thinner than the spread on Scrooge’s Christmas table”, according to analyst Chris Beauchamp from…

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Broker tips: Rolls-Royce, GKN, Thorntons

Investec has trimmed its target for Rolls-Royce from 900p to 860p and kept its ‘hold’ rating, saying that a faster decline in Trent 700 production “increases headwinds” for the engine maker. “The Trent 700, that powers the A330ceo, is currently Rolls’ most significant in production engine. We reduce our forecasts…

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How to Use MACD to take trading decisions

The rate of change (ROC) is calculated as the difference between two price points, and, hence, is slightly volatile. To make the indicator line smoother, technical analysts use two moving averages, wherein the lines are already smooth. The best example of this is the moving average convergence divergence (MACD). As…

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How to use RSI indicator to take decisions on buying and selling stocks

The relative strength index (RSI), one of the most popular technical indicators, is computed on the basis of the speed and direction of a stock’s price movement. This means that the RSI indicator only measures the stock’s internal strength (based on its past) and should not be confused with its…

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Russian rouble plummets as traders bet against central bank

Overnight, Russia’s central bank hiked short-term interest rates in a bid to stem a rout in the country’s currency. The increasingly tense geopolitical situation and accompanying sanctions have been weighing on investment flows into the country, which even before the current crisis in Ukraine always had trouble attracting investors’ monies.…

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Top 6 Reasons Why Stock Traders Fail ?

Not Maintaining Trading Discipline The largest mistake any trader can make is to let emotions control trading decisions. Becoming a successful Stock trader means achieving a few big wins while suffering many smaller losses. Experiencing many consecutive losses is difficult to handle emotionally and can test a trader’s patience and…

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Why professional traders are successful ?

Most struggling traders seem to think it is extremely difficult to make money on the market. In reality, making money by trading is within everyone’s reach. Upon reading this article, some traders will be surprised to realize that they probably have the skills they need to trade, but that they…

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Broker tips: Rio Tinto, Intertek, Balfour Beatty, Berkeley, Betfair

Citigroup has said that a potential spin-off of Rio Tinto’s Canadian aluminium business could be good for the business. It believes Alcan is “worth more outside of Rio than within” and said it doesn’t offer Rio any diversification benefits given its overall margins. “We believe there would be 10-20% value…

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Commodities: Strengthening dollar weighs on oil and copper futures

The commodities complex saw widespread selling pressure on Tuesday as the US dollar continued to gain ground as expectations surrounding a prompt start to the Fed’s interest rate cycle continued to cristalise. US Federal Reserve vice-chairman Stanley Fischer reiterated for a second day that the moment to remove the reference…

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Asia: Chinese stocks surge, as economist warns of bubble

Asian equities saw gains almost across the board on Thursday, as bullish sentiment surrounding Chinese stocks continued to build. Acting as a backdrop, the US dollar/yen was fast approaching the 120 yen mark, a level it had not surpassed since July 2007. That propped up stock in Japanese car manufacturer…

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FX round-up: US dollar index at five-year high, rouble at record low

The US dollar index closed higher for a fifth consecutive month last Friday, its longest such stretch since March 2013, even as the European single currency managed to eke out a small weekly gain. Weakness in oil-related currencies sent the spot dollar index 0.6% higher to 1,106.90, with the euro/dollar…

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