S&P starts the quarter on a four-year high April 2, 2012 US stocks started the second quarter with a bang yesterday, with the S&P 500 climbing to a fresh four-year high as manufacturing data from the United States and China helped support the outlook for economic growth. A string of mixed indicators in recent days slowed the stock market’s advance, as investors took the figures as [...]
The early bird catches the right information April 2, 2012 WHEN the social media site Twitter started making headlines, the cynics came out in force to lambaste it. Most jibes were based on the myth that people were only tweeting and following the mundane – they were then ignorant of the fact that some of the world’s great thinkers were using the site. Most of [...]
US DATA KEY TO CONTEST AMONG BULLS AND BEARS April 2, 2012 FX 360 ONE of the more astounding aspects about the recent price action in the currency market is the absolute lack of direction in euro-dollar. Over the past week the pair has traded in a miniscule 150 point range – its narrowest swing in more than four years. With the Greek saga now behind us [...]
TOP TRADING TWITTERATI SPEAKING AT ACTIVE TRADER 2012 April 2, 2012 @DAVIDJONES_IG DAVID JONES Chief market strategist, IG Index. Author of Spread Betting the Forex Markets. 4,597 Tweets, 1,222 Following, 4,734 Followers @ALAIDI ASHRAF LAIDI Chief global strategist at City Index / FX Solutions, founder of www.AshrafLaidi.com. 28,122 Tweets, 94 Following, 21,716 Followers @JAMIESAETTELE JAMIE SAETTELE Jamie is the technical strategist at DailyFX and author of [...]
Top six trading mistakes April 2, 2012 1 NOT MAKING A PLAN Treating your trading platform like a computer game and attempting to trade on the fly is perhaps the most fun way of approaching the markets, and certainly avoids the drudgery of fundamental and technical analysis, but it is probably also the fastest and most efficient way of zeroing your account [...]
THE TIPSTER EasyJet will be hoping for lift off April 2, 2012 Budget airline EasyJet has had its ups and downs recently, having to contend with rising fuel prices and now the increase in APD. Yet the share price has outperformed most so far this year. With a trading statement this Thursday bulls might be in for lift off. Capital Spreads quotes 483.7p-485.4p. BHP Billiton’s stock price [...]
Analyst picks for 3 April 2012 April 2, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Sell sterling-dollar at $1.6210 Expertise: Technical analysis Average time frame of trades: 3 days to 1 week The market has recently broken to fresh 2012 highs beyond $1.6000, and this now likely opens additional upside back towards the October 2011 peak by $1.6170. While our core bias remains bearish, [...]
Market indexes likely to prove mixed in short trading week April 1, 2012 TODAY The purchasing managers index (PMI) manufacturing reading is expected at 50.7 against 51.2 previously. This is a sector that performed strongly after the banking crisis, but which is now struggling. A reading less than 50 would indicate that the UK manufacturing sector is contracting. Earnings: Punch Taverns. TUESDAY The PMI construction reading is expected [...]
WALL STREET WEEK AHEAD April 1, 2012 AFTER the best first quarter in 14 years, the S&P 500 may be poised for a pullback as investors look to a slew of economic data for insight on the strength of the domestic economy. The Dow and the S&P 500 closed out their best first quarter since 1998 and the Nasdaq had its best [...]
Give your finances a spring clean: A guide to tidying up all the mess April 1, 2012 SAVINGS Tom Stevenson, investment director, Fidelity WITH a new tax year approaching, the sun shining and a string of bank holidays ahead, spring is certainly in the air. Now is the perfect time for you to take control of your savings. The first step of any spring clean should be ensuring that your money is [...]