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  • Squawk / Wednesday at 6:59 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Standard Chartered (STAN:xlon) appears to be losing momentum in the short term after a solid period of gains.

    The overall market in the UK remains range bound and is struggling for direction.

    This choppy period for trade is offering opportunities to trade counter trend in the short term

    I have highlighted Standard Chartered today following a failure to overcome resistance at 822p.

    The bearish engulfing candle posted yesterday is a signal of potential weakness in the short term.

    The shares also score poorly in my fundamental model.

    I am looking for a corrective move in the short term and recommend selling this morning.

    Stop loss at 830p
    Target 765p
    Read the Squawk
    1d
    phil c phil c
    Morning Joe, STAN is very close to your stop level and seems to have broken up in the last say or two. Do you see this as...
  • Calendar event / Tuesday at 8:30 GMT

    GB UK monthly inflation figures

    forecast
    actual
    High CPI, Y/Y%
    +2.9%
    +2.6%
    High Core CPI, Y/Y%
    +2.6%
    +2.4%
    High Retail Price Idx, Y/Y%
    +3.5%
    Med CPI, M/M%
    +0.2%
    0%
    Med Core CPI, M/M%
    0%
    Med Retail Price Idx, M/M%
    +0.2%
  • Calendar event / Tuesday at 8:30 GMT

    GB UK producer prices

    forecast
    actual
    High Output PPI, Y/Y%
    +3.3%
    +3.3%
    Med Core Output PPI, M/M%
    +0.2%
    Med Input PPI, M/M%
    -1%
    -0.4%
    Med Core Output PPI, Y/Y%
    +2.9%
    Med Input PPI, Y/Y%
    +8.7%
    +9.9%
    Med Output PPI, M/M%
    0%
    0%
  • Squawk / Tuesday at 7:40 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Sainsburys (SBRY:xlon) is holding some key support levels on the daily chart and as a result I believe a corrective bounce could play out in the short term.

    The shares have found support at the bottom of a trend channel that began in June 2016 as well as a 61.8% retracement level from the low in December 2016 to the high in June 2017.

    We have also noted the bullish divergence on the RSI.

    The risk/reward is favorable here placing a stop below the recent lows at 242.8p

    Trade today:
    Buy at market (247p)
    Stop 241p
    Target 270p
    Read the Squawk
  • Article / Tuesday at 7:00 GMT

    Morning Markets: USD extends slide in Asian trading

    Consulting editor / TradingFloor
    Norway
    Morning Markets: USD extends slide in Asian trading
    The US dollar extended its losses during the Asian trading session on Tuesday, with China's yuan hitting an eight-month high and the Aussie dollar jumping to a new two-year high. Asia-Pacific stocks were undermined by stronger local currencies and by a hangover of weak sentiment from Monday's "mini-crash" in Chinese stocks.
    Read the article