Hopes rising over the weekend that the Stock Market correction is nearing the end. US 10 Year Bond at 2.92% , Gold $1,811 and EUR/USD 1.0422.
Still offering value GBP/EUR 1.1720.
Anyone unsure of the degree of uplift that the rising oil price post Ukraine has had need only look at oil giant Saudi Aramco’s latest quarterly profit release. Up from USD 21.7 billion to USD 39 billion this 80% increase has sent Aramco’s shares soaring. Needless to say this has in turn meant that the Saud’s Arabian economy is showing its highest growth rate for 10 years. Oil WTI $110.
Not a typo. This is to do with Supernal Electric Air Vehicles also known as Flying Taxis and their development in Coventry England. Measuring 40 metres in wingspan Urban Airports are leading the charge with these vehicles as they compete with competitor SkyPorts in the race to get this new form of personal transport airborne. GBP not responding (yet) to this innovative burst in the Midlands with GBP/USD 1.2230
Before you reach for your Acronym Dictionary that stands for the UK’s National Federation of Fish Fryers and their members are in trouble. Up to 50% of the UKs sunflower oil used for frying the fish and chips comes from Ukraine and 40% of the haddock and cod from Russia. Put this together and up to a third of the UK’s fish bars are facing closure. No oil, no fish so it’s grilled vegan burger and chips anyone?
This song released this day in 1981 by Kim Carnes was originally recorded in 1975, but it was in 1981 that she enjoyed commercial success and won a Grammy award. Here it is:
Her hair is Harlow gold
Her lips a sweet surprise
Her hands are never cold
She’s got Bette Davis eyes
She’ll turn her music on you
You won’t have to think twice
She’s pure as New York snow
She got Bette Davis eyes
And she’ll tease you, she’ll unease you
All the better just to please you
She’s precocious, and she knows just what it
Takes to make a pro blush
She got Greta Garbo’s standoff sighs, she’s got Bette Davis eyes
She’ll let you take her home
It whets her appetite
She’ll lay you on a throne
She got Bette Davis eyes
She’ll take a tumble on you
Roll you like you were dice
Until you come out blue
She’s got Bette Davis eyes
She’ll expose you, when she snows you
Off your feet with the crumbs, she throws you
She’s ferocious and she knows just what it
Takes to make a pro blush
All the boys think she’s a spy, she’s got Bette Davis eyes
She’ll tease you, she’ll unease you
All the better just to please you
She’s precocious, and she knows just what it
Takes to make a pro blush
All the boys think she’s a spy, she’s got Bette Davis eyes
Discussion and Analysis by Humphrey Percy, Chairman and Founder
A weaker Dollar: Trump vs. Powell The Dollar continued to lose ground yesterday as the truce between Israel and Iran appeared to continue to hold. There has been a noticeable return to focus upon macro and monetary influences in major currency pairs. Yesterday, Fed Chair Jay Powell provided his semi-annual monetary policy report before the […]
Big Girls Don’t Cry A bond market tantrum and one of the sharpest one day sell offs in Sterling for several years appear to have been catalysed by the Chancellor’s appearance in PMQs yesterday. First: the back story. This Labour government has faced some embarrassment in recent weeks trying to get its welfare bill through […]
Next level EURUSD has managed a relatively smooth ascent to its current levels, around 1.18. That is despite significant resistance levels, most notably around 1.17. A large collection of option strike prices gathered around this key level and the price history of the pair shows us its significance. Sustained closes above this level since last […]