THE TIPSTER
THE FOMC announcements and Bernanke’s speech on monetary policy last week ensured that the dollar took a hammering and that spot gold traded at an almighty $1,533 per ounce. As long as the interest rates remain low and inflation pressures remain, it may become difficult for shorters to find the right time to enter the market. Capital CFDs quotes spot gold at $1,531.0-$1,531.4.
The part state-owned Lloyds Banking Group reports interims later this week, the first under the stewardship of ex-Santander CEO Antonio Horta-Osorio. Disposals still seem to be high on the agenda and the share price is certainly struggling to make any headway. However, some bullish noises over the outlook – and reassurance that there will be no fire sale of assets – could help lend a degree of support. IG Markets quotes 59.32p-59.34p.
Last week, Premier Foods saw a strong performance after the announcement of a series of boardroom changes. Since October the share price has seen a strong performance and the announcement of a new chairman has been met as a further step in the company’s strong position. However, the company also mentioned last week that first half profits could suffer as costs continued to rise. With all of this news the share price is still performing strongly and is still in its unbroken trend from late October. Alpari UK quotes 31.75p-32.75p.