City AM reports this morning that in a survey carried out by recruitment firm Robert Walters it found that during October jobs on offer in financial services increased by 14 per cent. The hunt for compliance staff, mid-office workers and settlement people for over-the-counter transactions lead the surprising new demand. Yesterday social media network Linkedin estimated that jobs in finance grew by 22 per cent in the year to October.
Yesterday in cities all over Catalonia strikes, blockades and demonstrations against actions by the Madrid government and the detention of ex-separatist leaders dominated the day, blocking at least 60 roads and creating traffic jam chaos.
DAX 30
Very odd as the market suddenly stops.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
FTSE 100
Lurching about a bit with no clear momentum just under the new record high.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
S&P 500
Holding at the highs and still overbought.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
BRITISH POUND/US DOLLAR
Holding steady, which is more than can be said for Mrs May’s government.
SHORT TERM TRADER: Long at 1.3155; stop below 1.3025. Target 1.3300.
POSITION TAKER: Square.
EURO/US DOLLAR
Truly, nasty, ghastly as the euro struggles around the pivotal 1.1600 area. Today Brexit talks resume with Barnier and Davis tomorrow.
SHORT TERM TRADER: Short at 1.1610; stop above 1.1700. Target 1.1200.
POSITION TAKER: Square.
GOLD
Breaking the trend line in a messy market.
SHORT TERM TRADER: Stopped out of my short position yesterday for a small loss.
POSITION TAKER: Square.
Nicole Elliott is a long-standing Member of the Society of Technical Analysts and has taken over the IC’s trading coverage. She is regularly interviewed and quoted by the financial media, is a conference speaker, and author of several books on charting.
