Analysis

If you are new to trading the financial markets or haven’t traded using one the Abshire-Smith leading multi-asset platforms then opening a demo trading account is recommended. What is a demo trading account? A demo trading account is a practice account. The prices are updated in real time, however the demo trading funds are not. This enables you to begin to understand margin spot FX and CFD trading without the potential risk to your capital. Abshire-Smith offe…

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Data released by Markit/CIPS showed that activity in the dominant service sector rose at the sharpest rate since December 2006. The strong recovery for the UK seems to be gaining traction, which is a positive sign as we reach the 5-year anniversary for the collapse of Lehman Brothers. It is important to note that Carney’s forward guidance stipulates that the Bank of England will hold rates at record lows until employment falls to 7%. Employment is usually a lagging indicator of e…

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Early in the session the Gold and Oil prices spiked following reports that the Russia's missile early warning system had spotted two launches heading towards Syria. However it was actually an unannounced test from Israel. Markets calmed following the Israel admission, though Gold is currently trading around the $1400 level. Tensions in the region are high amid concerns of international intervention in the Syrian civil war, following revelations of the use of chemical weapons.…

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The Reserve Bank of Australia (RBA) left the interest rate on hold at 2.5% ahead of the government elections on the 7th September. The Aussie dollar has weakened significantly recently as traders have tried to front run the tapering of bond purchases by the US Federal Reserve. Governor Stevens highlighted the depreciation of over 15% for the AUD since April, but reiterates the currency remains high. The majority of analysts and economists had tipped the central bank to leave rates unchanged…

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The first trading day of September and the final quarter of 2013 begin. The 5 year anniversary of collapse of investment bank Lehman Brothers is a few days away, which was one of the major casualties of the credit crunch, which has driven major economies into recession and the Eurozone to the brink of collapse. The week begins with a raft of countries releasing their manufacturing data. It began with China, as a major consumer and producer; the slowdown has been a significant concern t…

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“An Englishman’s home is their castle” The obsession with home-ownership, is a mere' aspiration for the majority, though it is becoming unachievable in some locations without the help of the bank of mum and dad. House prices vary significantly in the UK and even by street in the capital. A roof over a person’s head is a basic need, but homeownership provides stability and can be more cost effective than rent. Today it was announced that UK mortgage ap…

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The foreign exchange markets are revered for their volatility, the multitude of factors that drive prices bring opportunities (and potential losses) for traders. Though there are many contributing reasons to price action, FX is like the majority of financial assets, the price is derived from the supply and demand. Each currency is traded as a value of another, with the most liquid cross being against the greenback (USD). The movement and exchange of currencies facilitates international…

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This report details: - Which countries requested information from Facebook about their users - The number of requests received from each of those countries - The number of user/user accounts specificed in those requests - The percentage of these requests in which Facebook were required by law to disclose at least some data Country Total Requests Users / Accounts requested…

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The question on every trader’s lips is whether the FOMC minutes released at 7pm (BST) will state if the members of the committee discussed scaling back the bond-buying program. Currently the Federal Reserve is purchasing $85 billion of bonds, along with holding interest rates low. Traders have attempted to second-guess Fed Chairman Ben Bernanke’s tapering. Following the announcement in June by Bernanke that the Fed could begin reducing the monthly purchases later this year…

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The economic indicators for the UK economy are showing that a recovery is beginning to gain momentum and is hopefully sustainable. Since the “credit crunch” the economy has been into a recession (not the double, or triple that had been previously thought) but it was deeper than initially thought. The British economy is dominated by the service sector, and is a global leader in many areas of finance, such as foreign exchange transactions. The PMI data released on Monday comb…

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It is the first Friday of the month, and that means it is the release of the pivotal US employment figures, non-farm payrolls at 13:30pm (London). The figure enacts fear and excitement for investors due to the volatility the release can generate. What are the bank’s estimates? Morgan Stanley: +200K Santander Asset Management: +220K Commerzbank AG: +185K Credit Agricole CIB: +200K Goldman, Sachs & Co: +200K Moody’s Analytics: +185K…

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Today’s breakdown of the Sunday papers: China RMB debate: The renminbi’s road to full internationalization http://www.euromoney.com/Article/3229831/China-RMB-debate-The-renminbis-road-to-full-internationalization.html The chief executive of Wonga has defended the payday lender by claiming it is “a powerful force for good in the financial world.” http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10206825/Wonga-is-a-force-for-good-f…

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Facebook Inc - setting foundations to flourish The questions were always could they monetise the vast traffic and global dominance...and it seems they can. However we still need to put the performance into perspective. Since Facebook’s IPO in May 2012, it has fallen 10% whilst the Nasdaq and Google have risen 29.7% and 47.9% respectively. Facebook today closed at $34.61, up $7.85 or 29.61%.…

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