Accendo Markets

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; So the Fed didn’t move. A no-show for T-day. Markets surprised, with few expecting nothing at all, most seeing at least some reduction in order to maintain credibility after all that build up to Sep-taper (last time I use […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A big week for the markets with participants finally permitted to look away from the prospect of Fed tapering, if only briefly and for disturbing geopolitical and potentially military headlines regarding Syria, only to have to look back again […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; Another FTSE 100 correction week, this time taking us lower than the last to retest summer lows, but also much quicker than last time. Was that it, and is the only way is back up towards summer highs? Or […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A tough week for the FTSE 100 index, giving up 200 points high-to-low to revisit the lower end of its summer trading range. Markets continued to fret over the prospect of less Fed stimulus and have immediately questioned the […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; This week looks like the point where July equity momentum may have started to flag. Having traded sideways 6550-6660 for a few weeks, looking like consolidating the sharp 11% 6000-6600 gains from end-June, we had expected this to serve […]

After several weeks of declines the UK index has registered some welcome progress, finding support just above the round number 6000 and posting a 4.5% rally to test the trendline of falling highs since end-May. Uncertainty may still be rife regarding the future of the US Federal Reserve’s QE3 programme. However, Bernanke had his committee […]

After all the recent fear and uncertainty that markets’ upcoming monthly ‘fixes’ might be reduced due to the dealer restricting supply on improved economic/labour market outlook, the major piece of data used to decide supply (NFP) came in at a level which was OK but neither good enough to intensify fears of restricted supply nor […]

After last week’s QE3 taper tantrum and fall from near all-time highs, the shortened week started on a calmer note with what looked like a rebound. This ultimately proved a tease and short-lived with better US data (housing, manufacturing, consumer confidence) being taken well in terms of growth/recovery rather than scaring market with worries of […]

A roller-coaster ride for markets this week and a perfect example of how important central bank communication (read US Federal Reserve) has become and how markets can move indiscriminately on changes in sentiment regarding the future of the highly accommodative monetary policy  (read Fed’s QE3), something that has supported the global rally and recovery hopes […]

This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]