Interview
Cable Spreadex Financials chart
Looking at UK Equities Connor Campbell, Financial Analyst for Spreadex dials in on 3 different stocks that have interesting stories. Starting with DFS the forever on sale furniture outlet Connor looks at the profit warning, their recent acquisition of a rival sofa provider and the technical outlook. The focus then moves to TUI, the travel agency; Connor mentions the drop off in tourism due to terror attacks, weaker pound and European Issues and how this is causing a larger proportion of holidaymakers to stay within the United Kingdom. Finally Card Factory goes under the magnifying glass looking at the July Uptrend, Irish expansion and sector dominance.
The UK index has been increasing and hitting 7500 support levels. Connor Campbell, Financial Analyst for Spreadex tells us that the technical indicators remain upbeat, but with the quiet summer market and the slowing down of reporting companies it looks like the index will level out. The only way that the index could push higher would be continued weakness in the pound.
With the weak dollar theme continuing this summer we discuss the lack of economic data, bog standard non farm payrolls and a possible tick back to the 1.30 levels. Connor Campbell, Financial Analyst for Spreadex discusses the mood around the greenback.
Disclaimer
Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this blog should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This blog does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this blog does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this blog by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this blog.
The information contained within this blog is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
