Trading Update
29-Jan-14, 8:55am:

Turkish 4.5% Interest Rate Hike Helps to Stabilise the Global Markets



At the moment the Dow, FTSE and Nikkei are all rallying nicely.

The euro-dollar market is also showing an interesting pattern.



Update by Craig Inglis, Head of Product Development,
29-Jan-14, 11:30am: In the latest post on our blog, Michael Hewson’s analysis video takes a look at the direction of US markets ahead of the January FOMC decision.

Will the Fed Continue Tapering Despite Emerging Market Turmoil?

Update by Gordon Childs, Editor,
30-Jan-14, 9:22am:

Investors Ignore Rate Hikes in India, Turkey and South African



It looks like the Fed’s $10bn in tapering has had minimal impact on the markets.

All-in-all the main equity markets are under pressure.

The charts in the following short video are showing some interesting patterns.



Update by Craig Inglis, Head of Product Development,
30-Jan-14, 9:30am:

Short-Term RSI Buy Signal for Gold



With a lot of market volatility over the last week, and the overnight announcement from the Federal Reserve that it would taper its bond purchases by another $10bn, there were always going to be some interesting moves today.

On the gold 15 minute chart, rolling daily gold has just crossed above the 30 level on the Relative Strength Index.

If you like your RSIs, you should take a quick look at it.

Of course, it’s only the 15min chart and therefore a short-term signal.

And you still need to do your research before you trade.

Update by Jacob Wood, Editor,
30-Jan-14, 11:52am:

YHOO Q4 Update: Shares Close Down -8.71% to $34.89



The search firm reported Q4 EPS up 31% YoY to $0.46 (vs $0.38 expected).

Q4 revenues were down 6% to $1.27bn, where display advertising revenues were down 6% to $553m and search revenues down 4% to $464m.

Update by Jacob Wood, Editor,
30-Jan-14, 11:52am:

BA Q4 Update: Shares Close Down -5.33% to $129.78



Q4 EPS rose 29% YoY to $1.88. Q4 sales were up 7% to $23.8bn.

The aircraft manufacturer forecast a full year 2014 EPS of $7.0-$7.2 compared to $7.07 for 2013.

2014 revenues should rise to $87.5-$90.5bn vs $86.6bn in 2013.

Update by Jacob Wood, Editor,
30-Jan-14, 11:52am:

AT&T Q4 Update: Stock Closes Down -1.16% to $33.31



The telecoms giant reported Q4 EPS at $0.53 vs $0.44 in to Q4 2012. Revenues were up slightly at $33.2bn vs $32.6bn in Q4 2012.

The firm’s statement said, “In 2014, AT&T expects continued consolidated revenue growth in the 2% to 3% range, including strength in wireless service and wireline consumer revenues.”

Update by Jacob Wood, Editor,
31-Jan-14, 9:16am:

Is Gold Decoupling from its Safe-Haven Status?



The stock markets and forex markets remain volatile and gold is behaving rather strangely.

The dollar is falling and that should be supporting gold prices.

Equities are falling and that should be supporting gold prices.

However, the gold market has failed to convincingly break above $1268 for sometime and the metal is now continuing its fall from grace.



Update by Craig Inglis, Head of Product Development,
31-Jan-14, 11:20am: The new video on our trading blog considers how emerging markets are responding to Federal Reserve tapering:

Are Emerging Market Rate Hikes Working?

Update by Gordon Childs, Editor,
31-Jan-14, 2:05pm:

Exxon Mobil Stock Slips



XOM shares closed down -1.18% to $93.99 yesterday after the oil and gas behemoth announced 4Q diluted EPS down 13% YoY to $1.91.

Update by Jacob Wood, Editor,
31-Jan-14, 2:05pm:

Investors Approve of BT Group’s Latest Communiqué



BT have reported 3Q EPS up 11% YoY to 6.3p and pre-tax profits up 6% to £617m. EBITDA was flat at £1.5bn on revenues of £4.6bn, up 2%.

The 9-month EPS grew 4% to 18.5p and pre-tax profit was down 7% to £1.6bn.

The telecoms firm statement said “Our direct BT Sport customer base passed 2.5m in the quarter and helped to support 6% revenue growth in our Consumer business. We achieved some particularly strong audience figures in December.

“…Outside the UK, our businesses in the high-growth regions of the world again delivered double-digit revenue growth. The momentum on our cost transformation has enabled us to raise our EBITDA outlook for the year.”

EBITDA for the year is now expected to be at the upper end of the £6.0bn-£6.1bn range.

Update by Jacob Wood, Editor,