Prices are the only thing growing as crops feel the heat July 30, 2012 WHILE the UK has spent most of 2012 soaked to the bone, wondering when summer was going to gift us some rays of sunshine, on the other side of the Atlantic – specifically the key growing region in the US Midwest corn belt – they have been experiencing quite the opposite. Wiltingly hot temperatures in [...]
TAKE YOUR EMOTION OUT OF TRADING BY MANAGING RISK July 30, 2012 FX360 LAST week, I began a series of three articles aimed at anyone who is considering trading for themselves. My own background is in spread betting and contracts for difference (CFDs) and, over the years, I’ve managed to pick up a few do’s and don’ts. But before launching in, it’s important to emphasise a particular [...]
THE TIPSTER | Thomas Cook hoping to book profits July 30, 2012 EMBATTLED shareholders in Thomas Cook will be hoping that the poor weather and the prospect of the London Olympics will have driven more people to book holidays in sunnier climes. The Arab Spring might have moved on from Tunisia and Egypt, but the firm might still see some weak trading, as people stay away from [...]
Analyst picks for 30 July 2012 July 30, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Australian dollar-dollar Expertise: Fundamental and technical analysis Average time frame of trades: 1 day to 1 week Our previous Aussie dollar-dollar short from $1.0425 hit its initial profit target at $1.0270. The pair hit trendline support at $1.0190, in turn giving way to the rally up to $1.0500. [...]
LONDON WEEK AHEAD July 29, 2012 RESULTS season continues with a slew of banks, energy and leisure firms due to update this week, while the Bank of England’s monthly decision on interest rates is due on Thursday. Today’s biggest news comes in the form of interims from under-fire banking giant HSBC and household goods behemoth Reckitt Benckiser. The Bank is set [...]
WALL ST THE WEEK AHEAD July 29, 2012 STOCKS took off at the end of the week, drawn by the allure of a helping hand from the world’s two most powerful central banks. Traders are unlikely to resist those charms again this week. The US Federal Reserve and the European Central Bank both meet this week amid investor expectations of action to stimulate [...]
All hail this techie who is a boost to black cabs July 29, 2012 FOR anyone who has waited on the pavement, praying that the next car to turn the corner is a black cab, Hailo could prove a godsend. Founded in 2010, Jay Bregman’s business lets you hail a black cab through your mobile phone. The app is free to download and the service is free to the [...]
A snapshot view: The right time to say goodbye to a business July 29, 2012 ON HOLIDAY in India in 1995, I was very popular with the locals. Before flying from London, I had splashed out about £1,000 for one of the first digital cameras for the consumer market. Nowadays it would seem Stone Age. But back then it was a sensation whenever I used it. Locals jostled to get [...]
Tip-top resources worth exploiting July 29, 2012 WITH the Olympics in full flow, the government is determined to drum up business from our foreign guests. After all, trade is what the wealth of nations is built upon. For its part, StartUp Britain has a free event on 6 August in City Hall on how start-ups and small businesses can explore overseas opportunities. [...]
FTSE breaks four-day losing run as Draghi’s speech boosts mood July 26, 2012 BRITAIN’S top share index rose yesterday after European Central Bank president Mario Draghi pledged to act if needed to preserve the euro, boosting sentiment among investors hoping for a fresh round of stimulus. Speaking at an investment conference in London, Draghi said the central bank was ready to do whatever it takes within its mandate [...]