Market Roundup: Calm market is a concern, Sell signal on USD/JPY - Tip TV
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“Markets remain calm, and this is concerning”, says Richard Hunter, Head of Research at Wilson King Investments, as he joins the Tip TV Daily Market Roundup, along with Nick Batsford, CEO at Tip TV, and Zak Mir at Zak’s Traders Cafe, to discuss the key trending stories in the financial markets, the technical view on USD/JPY and FTSE 100, market sentiment, and the broker upgrades & downgrades for a few UK market stocks.
Highlights:
Sell signal on USD/JPY according to the P&F chart
SPX: Spirax-Sarco Engineering - “Massive target hike. Post-Brexit dip being sharpening reversed and brokers ramping up their targets.”
PMO: Premier Oil - “One of the best recovery situtations in yearly terms.”
WMH: William Hill - “There will be a revival of M&A, speculation, but market divided.”
“Infrastructure spending on hold post-Brexit to a large extend. End of September when we’ll see the actual impact on the economy.”