European Market

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  • UK100 Breakout As Wall Street Heavyweight Upgrades UK Shares

    Past performance is not an indicator of future results The UK100, FXCM's proxy for the FTSE 100, has consolidated since May (blue rectangle). However, the index has broken out. The weekly stochastic has moved into the upper quintile (aqua ellipse), and as long as it holds these levels, an underlying bullish momentum is likely to be present. This, as JPMorgan upgrades UK shares to "overweight." The bank maintains that current…

  • GER30 Turns Bullish On H1

    Past performance is not an indicator of future results Source: www.tradingview.com FXCM's DAX proxy, the GER30, is in the bullish area on the daily chart on the left. The right chart shows the hourly time frame. The bullish hourly crosses of both the EMAs and stochastic potentially align short-term traders with the daily sentiment (red ellipses). Given the bullish triggers, a movement of the stochastic to the 80 level and…

  • GBPUSD Reacts Swiftly As BoE Hold Rates Steady

    The BoE kept its policy rate at 0.1%. The votes came in at 7-2, with Ramsden and Saunders as the dissenters. Comments from the summary refer to an expectation of inflation dissipating over time, with the central bank viewing supply chain disruptions and global demand as normalising. The market was divided as to whether or not the BoE would hike. This was fuelled by the number of hawkish comments over…

  • Top 5 UK Stocks For Q4

    The UK stock markets is one of the most closely watched in the world and has attracted a high number of Initial Public Offerings this year. It includes some of the world's most exciting companies, ranging from the new gig economy to the traditional banking and oil sectors. Below we take a look at some of the stocks that caught our attention recently and are keeping in our watchlist throughout…

  • U.K. COVID-19 Stimulus Package And Government Response

    United Kingdom Government Since March 2020, the government of the United Kingdom and the country's central bank, the Bank of England, have announced several major economic stimulus programs and policy measures to protect British businesses, consumers and institutions from the effects of the coronavirus. The government's support is mainly focused on supporting businesses and individuals through subsidized and government-guaranteed loan programs, outright grants, and tax and payment holidays. Coronavirus Business…

  • The Wirecard Scandal

    What Is Wirecard? Wirecard is a defunct German payments company that failed in June 2020 following a scandal in which it is accused of defrauding investors by claiming revenue and cash that proved to be nonexistent. Called the "Enron of Germany," the company had once been a high-flying financial technology company that, right up until the time of its collapse, was a member of the DAX 30 index, which tracks…

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