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Follow this list to discover and track stocks that have set MACD bearish crosses within the last week. A bearish crossover occurs when the MACD turns down and crosses below the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
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Many expensive roads in the UK have become abandoned, as a result of newly built highways.
(Bloomberg) -- Traders are bracing for more erratic behavior from the pound after it whipsawed on conflicting news about trade negotiations between the U.K. and European Union.It first fell as much as 0.8%, on reports that officials were at loggerheads on the issue of state aid and that the EU was starting legal proceedings against the U.K. over its plans to breach the terms of its withdrawal agreement. Then it gained as much as 0.4% on reports officials may have reached a compromise on state aid. And in a final twist, the currency dropped after EU officials said there’s no increased optimism in Brexit talks.Those swings lifted sterling’s one-week implied volatility to the highest since Sept. 15, making the currency the most erratic among Group-of-10 nations after Norway’s krone. It’s a sign that the pound, which spent most of 2019 swinging between positive and negative headlines on Brexit, is once again serving as a barometer to trade negotiations after a year so far dominated by Covid-19.“Things really changed with the publication of the internal market bill,” Adam Cole, head of currency strategy at RBC Europe. “Brexit had been dormant until that point, but it will be the key driver for the pound for the rest of the year.”Prime Minister Boris Johnson is planning to introduce legislation that would override parts of the Brexit withdrawal agreement he signed, which would be in conflict with international law. The move, together with the EU’s response legal response, highlight tension between the two sides as trade negotiations enter a critical phase. The U.K.’s transition period from the EU ends at the end of the year.“FX markets are keen to get some direction and this is why they are jumping on the headlines,” said Valentin Marinov, head of G-10 currency strategy at Credit Agricole SA. “The worry is still that, with crunch time still two months away, there is no real urgency to deliver a deal just yet.”The pound fell 0.1% as of 2:35 p.m. in London to $1.2906, and it was down 0.3% against the euro to 91.02 pence.Ulrich Leuchtmann, head of currency strategy at Commerzbank AG, expects the pound to trade at 92 pence against the euro by the end of the year assuming a weak trade deal is reached, though he’s still flagging the risk of a no-deal scenario to clients.“In that case, they should prepare for something like 15% pound depreciation” over a prolonged period, he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Co-op will donate some of its stock to students in areas that have been worst affected by localised COVID-19 outbreaks.