ftse100 chart

Summary:

  • Oil Giants are required to pay more taxes on profits.
  • The BoE is put under more pressure

FTSE 100 rises with BP and Shell stocks

On Thursday oil giants Shell and BP were informed they would be required to pay 25% extra taxes on their profits from the North Sea. Investors did not seem to lose interest in these stocks despite this news, the share prices of both these companies rose.

The Chancellor also announced there would be an extra tax incentive to invest in pumping up more oil and gas. Therefore it is possible that the oil giants can avoid almost their entire tax bill.

FTSE 100 Index Rises Thanks To Shell and BP Stocks, GBP Weakens After Thursday Morning Strengthen - 1 FTSE 100 Price Chart

GBP Weakens after its rally on Thursday morning

On Thursday Chancellor Rushi Sunak announced that more than 8 million households would receive a lump sum of GBP650.00 in an attempt to try to fend off the cost of living crisis. The Chancellor also announced there would be a GBP15 billion spending boost. The move will put the Bank of England (BoE) under more pressure going forw

Intraday Market Analysis – NZD Attempts To Rebound

Intraday Market Analysis – NZD Attempts To Rebound

Jing Ren Jing Ren 13.04.2022 07:50
NZDUSD tests resistance The New Zealand dollar bounced back after the RBNZ raised its interest rates by 50bp. The pair came under pressure after hitting resistance near the psychological level of 0.7000. The kiwi then saw bids at 0.6810 near the base of a previous bullish breakout. A rally above the support-turned-resistance at 0.6900 may turn sentiment around. The next hurdle will be 0.6950. A fall below 0.6810 could trigger a sell-off towards the daily support at 0.6740. And that is an important level safeguarding the March rebound. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! XAUUSD bounces higher Gold rallied after US inflation in March came out less than market participants had expected. The metal’s medium-term uptrend is still intact as long as the price is above the major support at 1895. The recent consolidation could be an opportunity for the bulls to accumulate. A break above 1965 prompted some sellers to cover. This could also pave the way for a bullish reversal. 1990 is the next hurdle and its breach may send bullion to the March high at 2070. 1940 is the immediate support in case of a pullback. UK 100 seeks support The FTSE 100 struggles as UK consumer confidence wanes amid geopolitical uncertainty. The index has met stiff selling pressure near the recent peak (7690). A combination of profit-taking and fresh selling weighs on price action. Nonetheless, sentiment remains upbeat. And a bullish MA cross on the daily chart suggests strong impetus in the latest recovery. 7530 is fresh support and 7450 is the second line of defense in case of a deeper retreat. The bulls need to clear 7650 before they could regain the upper hand in the short term. Analysis: Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM
Analysis and trading tips for GBP/USD on June 22

(BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.

Rebecca Duthie Rebecca Duthie 09.05.2022 18:18
Summary: FTSE showing bearish signals in the current market. Future of the US stock market awaiting U.S CPI report due on Wednesday. Bitcoins price fall’s link to the broader market.   Read next: (DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.    FTSE 100 showing poor performance: The FTSE is the Financial times Stock Exchange listed on the London Stock Exchange. This exchange has tanked more than 2% today, given the size of the exchange, it is a big change. This negative investor sentiment towards the FTSE comes as a result of overall negative investor sentiment after the Bank of England's (BoE) forecast announcements last week. When the BoE delivered an unfavorable announcement for the second quarter of the year, the UK market tanked amidst poor investor confidence in the government's ability to fight against inflation and the looming recession. FTSE 100 Daily Price Chart Future of the US Dollar. Despite the hawkish Fed and the dovish ECB, the market sentiment for this currency pair sits at mixed. Investors are starting to show concerns around where the U.S economy is headed. Concerns around rising prices, inflation, soft corporate earnings growth, the supply chain bottlenecks and the increasing concerns around the looming recession, are all causing investors to hold off on risk. The U.S. stocks have fallen today, with the S&P 500 falling around 2.5% and Nasdaq falling around 3%. Investors will watch in anticipation as the U.S releases their CPI report during the trading day on Wednesday. Investors will look for cooling prices and inflation, if this happens, there could be a relief on the stock market, if not, we could see the stocks fall even more. Bitcoin Price Tanks. The price of Bitcoin has tanked today, hitting its lowest price since July 2021. The reality is that the effects of tightening of monetary policy have been felt throughout all the stock markets, including the cryptocurrency market. Analysts warned investors about the possible drop in the price of Bitcoin if global economic market performance continued to sour. With the price of Bitcoin down more than 6% today the fall comes in line with the tanking global equities amidst geopolitical tensions, supply chain bottlenecks and inflation pressure. BTC Price Chart Sources: dailyfx.com, finance.yahoo.com
FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

Rebecca Duthie Rebecca Duthie 26.05.2022 21:17
Summary: Oil Giants are required to pay more taxes on profits. The BoE is put under more pressure FTSE 100 rises with BP and Shell stocks On Thursday oil giants Shell and BP were informed they would be required to pay 25% extra taxes on their profits from the North Sea. Investors did not seem to lose interest in these stocks despite this news, the share prices of both these companies rose. The Chancellor also announced there would be an extra tax incentive to invest in pumping up more oil and gas. Therefore it is possible that the oil giants can avoid almost their entire tax bill. FTSE 100 Price Chart GBP Weakens after its rally on Thursday morning On Thursday Chancellor Rushi Sunak announced that more than 8 million households would receive a lump sum of GBP650.00 in an attempt to try to fend off the cost of living crisis. The Chancellor also announced there would be a GBP15 billion spending boost. The move will put the Bank of England (BoE) under more pressure going forward, possibly forcing the BoE to raise interest rates even more. The Pound Sterling faces negative market sentiment in the wake of this news as the likelihood of a recession looms closer. Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Follow FXMAG.COM on Google News Sources: finance.yahoo.com, poundsterlinglive.com