Technical analysis isn’t infallible August 20, 2012 IF YOU talk to particularly dogmatic technical analysts, you often come away with the feeling that their idea of the perfect trader would have zero contact with the outside world – no City A.M., no Bloomberg and no Twitter. The ideal trader would instead fuel themselves on Fibonacci retracement points and takeaway pizza. But though [...]
Analyst picks for 20 August 2012 August 20, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar and Aussie-Kiwi, buy dollar-yen dips Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days I took profits on my core Aussie dollar-dollar short from $1.0585 last week, and the pair was reshorted at $1.0450 as it appears a top [...]
Market awaits public finance and GDP news August 19, 2012 HIGHLIGHTS for the economic week ahead will be tomorrow’s release of UK’s public finance data, followed by the revision of the second quarter’s GDP figures on Friday. While analysts fear there will only be a small surplus for the July finances figure – or possibly a loss – market watchers believe there will be some [...]
Wall Street is waiting for technical signals as doubt remains over rally August 19, 2012 IN the absence of data or policy catalysts and with the S&P 500 near four-year highs, market participants are hoping technical indicators hold the clues on whether stocks will sell off into September following a slow-speed rally. The S&P 500 is a scant 0.06 per cent away from closing at highs last seen in the [...]
Top electronic commerce tips August 19, 2012 Six ways to ensure your business profits from the internet ACHIEVING success in e-commerce is not easy. Here are six key points to consider when building an effective e-commerce strategy. 1. USE A GOOD ANALYTICS TOOL Before embarking on any new marketing or design changes, ensure you can measure the impact. Even basic knowledge of [...]
How to protect your ideas with help from the British Library August 19, 2012 IF YOU have an idea, and want to turn it into a business, you really need to be fully prepared and understand how precious your intellectual property is. When bringing an innovative product to market, it’s crucial that the right measures are taken to protect that idea from day one. It’s a dog eat dog [...]
Twitterati blazing a trail to follow August 19, 2012 TWITTER isn’t for everyone. But for those plugged into the social media tool, the tweeters below provide a base onto which to build your own following. UK entrepreneurs Check out: @richardbranson (founder, Virgin), @kingofshaves (founder, King of Shaves) and @dougrichard (former Dragon), @shaawasmund (founder, Smarta.com). US entrepreneurs Check out: @SteveCase (co-founder of AOL), @GuyKawasaki (co-founder [...]
FTSE 100 treads water as investors sit on their hands August 16, 2012 UK equities steadied near four-month highs yesterday and technical resistance levels kept a lid on gains with investors unwilling to push the market further pending harder evidence that policymakers will deliver more long-awaited stimulus. The benchmark FTSE 100 index closed flat at 5,834.51 , around 50 points below an intra-day peak hit on Tuesday. Volumes [...]
S&P surges to 4-month high boosted by Cisco August 16, 2012 THE S&P 500 closed at its highest in more than four months yesterday on signs of German support for the European Central Bank’s effort to fight the region’s debt crisis, and as Cisco Systems led gains in the tech sector after a dividend hike. The Dow Jones industrial average rose 85.33 points, or 0.65 per [...]
FTSE 100 slips lower as investors wait for fresh stimulus from central banks August 15, 2012 TOP shares fell yesterday in sluggish volumes as weakness in index heavyweights such as miners, tobaccos and Vodafone outstripped gains in financials. London’s benchmark FTSE 100 index closed down 31.74 points or 0.5 per cent at 5,833.04, erasing the previous session’s gains and fluctuating in a tight range between 5,800 and 5,900 in volumes just [...]