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According to the US Securities and Exchange Commission, “Cashflow statements report a company’s inflows and outflows of cash”. This is such a simple and obvious statement. Unfortunately, the failure of accounting bodies around the world to
GBPUSD has similarly suffered at the hands of the resurgent dollar, with the pair falling back to trendline support. With price marginally below that, it has stalled around the 1.2513 level. That is the lower level
The gap up and push higher sees the index recovering much of the ground lost at the end of last week, as the longer-term uptrend reasserts itself. Crucially, the index is holding above the mid-September lows,
FTSE 100 The FTSE touched and rejected Friday’s high of 6932 this morning, with the index remaining within a period of sideways consolidation. There is a clear uptrend in play here and as such, the expectation
FTSE: After several attempts to break above 6700, the FTSE 100’s bounce is finally running out of steam, 6650 provided some support on Wednesday , but the shift below here so far on Friday might suggest
FTSE 100 Having shot higher for two days, the index is entering a period of consolidation, with the potential for downside support at 6600 and then 6500. Although the index has moved sharply higher, with new
After forming a hammer candlestick pattern on the daily chart on 16 June 2016, the FTSE 100 index continued to trade higher till Thursday. However, the index posted significant losses on Friday, only to record marginal
The FTSE rally hit the buffers yesterday as the index reached the crucial 6237 level (March peak) which previously market the top of a month long range. This does not mean we will be back trading
There is a sense of a trapdoor moment about the FTSE 100 today, with the index hovering above 6050 this morning. This is a key support area, which prevented further downside throughout May and even in
The FTSE has seen yet another sharp leg lower this morning, in a continuation of the weakness we have seen dominate the second half of the week. However, looking at the four hour chart, this recent
After a difficult start to the week the FTSE 100 has recovered, although it has yet to regain the highs around 6300. A close above 6250 would likely negate the bearish outlook and shift the view
The FTSE fell sharply yesterday, following on from a week long period of consolidation. This pullback comes at a time when the uptrend had been slowing and thus this move portrays last week as a period
The FTSE is expected to open back in the range which dominated the second half of last week. Despite price action over yesterday pointing towards a rally outside of this 6250-6281 range, this is less reliable
The FTSE has been trading largely sideways since breaking through the major 6237 resistance on Tuesday. Given that rally and the fact that we are only seeing a sideways range rather than any selling pressure, it
The Monday open has failed to build on the gains from the end of last week, with the index stuck in the purgatory between the 100-day and 200-day SMAs (roughly 6060 to 6160). Until we have
The FTSE 100 index recorded marginal gains in the previous week to settle at 6156.32, and touched the 6215.88 level on Tuesday. Although the daily MACD is trading in the negative territory, RSI and stochastic are
FTSE bounces from key support level The FTSE has reversed higher once more from the 6060 support level which underpinned price over the past two months. Typically we have seen any such bounce rise to the
The FTSE sold off once more from the crucial 6237-6249 resistance zone yesterday, providing the possibility of a bearish head and shoulders pattern, which would require a break below 6006 for completion. Currently the index is
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