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CSS Weekly Review – The UK 100 ends a volatile quarter stuck in a range of 250 points, what can Q2 bring?

What happened in the UK 100 last week?

Last week was another short week with a build up to the Non-Farm Payrolls on Friday, we saw the market rally after the Easter weekend and again trade up and above 6200 but again saw that this level could not be held and retreated below 6100 on Friday prior to the Non-Farm Payrolls and following on weakness in Asia. This brought to a close a volatile quarter, which ended with a good number on the Non-Farm Payrolls, which left the FTSE marginally up on the week.

Please click the UK 100 hourly chart below, to enlarge.

CSS Weekly Review - UK100

US OIL – What happened last week?

Usual story with OIL again during last week, with the price succeeding to make lower lows, trading all the way down to a few cents above $36, where price seems to have paused. Crude Oil Inventories for the previous week  showed an increase in barrels held, not quite to forecast though from 3.1M, down to 2.3M. However, the added surplus pushed price down due to the over-supply affecting price, a circumstance we are all familiar with. The week saw the price moving within a touch of the 200 EMA, a key indicator for price to change, will this reversal continue this week? (EMA-what now!? Brush up on your Not sure what EMA is? read our glossary and find out)

Please click the US OIL Continuous Hourly Chart below, to enlarge.

CSS Weekly Review - US OIL

 

Please click the US OIL Continuous Daily chart below, to enlarge.

CSS Weekly Review - US OIL Daily

What are the major results to watch for this week?

Today

Stewart & Wright * AFH Financial Group * Christie Group * Belvoir * Everyman Media Group

Tomorrow 

Avesco Group * Haynes Publishing Group * Moss Bros Group * International Consolidated Airlines Group SA * Card Factory

Wednesday

Topps Tiles * HSS Hire Group * Diageo * Renishaw * Tower Resources

Thursday

Marks & Spencer Group * Dunelm Group * Glenwick * Lloyds Banking Group * Taylor Wimpey * Pearson * St. James’s Place * Aviva

Friday

Jupiter Fund Management * Driver group * Crest Nicholson * RM

 

Forthcoming Economic data

Monday

Data Forecast Previous
9:30am Construction Purchasing Managers Index 54.3 54.2

Tuesday

Data Forecast Previous
9:30am UK Services Purchasing Managers Index 53.9 52.7
3:00pm US ISM Non-Manufacturing Purchasing Managers Index 54.1 53.4

Wednesday

Data Forecast Actual
3:30pm US Crude Oil Inventories 2.3M
7:00pm Federal Open Market Committee Meeting Minutes

Thursday

Data Forecast Actual
1:30pm US Unemployment Claims 271K 276K
Tentative ECB President Draghi Speaks
10:30pm US Fed Chair Yellen Speaks

Friday

Data Forecast Actual
9:30am UK Manufacturing Production Month on Month -0.1% 0.7%

Please note, at the time of writing not all figures were forecast (04/04/2016 09:57am)

I hope you enjoyed the weekly review with what news is released this week. If you want to be informed on the stock market on a daily basis and you aren’t yet a subscriber of our award-winning newsletter The Morning Call, I suggest you join the movement and get in the know! Subscribe here: The Morning Call newsletter.

Any terms you didn’t understand? Want to know what ‘Non-Farm Employment change’ is? Check out the CSS Glossary.

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