Daily Market Update 4th July 2016
Asia stocks down, Aussie dollar slips on election uncertainty
insights
A negative outlook for Maersk: Garnry
Peter Garnry, head of equity strategy at Saxo Bank, maintains a negative outlook for Maersk. The loss of an Qatar oil field and a gloomy outlook for the shipping industry in light of new, land-based alternatives could spell a downturn in profits for the Danish firm.
Daily Market Update 1st July 2016
Sterling pressured by BOE easing views, euro wobbly
Trading on the 'Yen strength story': Lambert
Clive Lambert from FuturesTech.co.uk provides a EURJPY trade idea. He believes that the 'Yen strength story' has further to run and expects sellers to return.
Lambert wants to sell at around 114.00 with a stop at 115.00. The targets are 111.60 and 109.55.
Why I’m trading EURUSD: Collins
Alan Collins of 3cAnalysis is looking to short EURUSD.
He says that the tone of the market is still dominated by Friday’s post–Brexit price action.
Collins is shorting at current levels and looking to add to that on any profit–taking attempts near 1.1110.
His targets are this week's 1.0970 low, last week's base of 1.0908 with potential in the medium term towards 1.0778. He says that only above 1.1181 is, temporarily, positive.
