Dollar boosted by Fed QE3 stimulus restraint March 14, 2012 THE Federal Open Market Committee (FOMC) followed expectations by holding rates yesterday, and at the same time dispelled the possibility of an immediate third round of quantitative easing (QE3). Federal Reserve chairman Ben Bernanke pointed to “an improving economic situation”, though checked any untoward optimism by acknowledging that economic growth would be moderate. The central [...]
RESOLUTION OF GREEK DEBT CRISIS IS KEY March 14, 2012 UK BRANCH MANAGER, EASY-FOREX IS THE Greek debt restructuring a turning point in the EU debt crisis? Despite the announcement of a Greek debt restructuring, the country’s debt woes are far from resolved. Even with the successful debt swap, the Greek debt burden will remain above 120 per cent of gross domestic product, which the [...]
FTSE lifts as defensive gains offset miner and bank losses March 12, 2012 BRITAIN’S blue-chip index ended with a small gain yesterday, as profit-taking on mining companies and banks was offset by gains among defensive shares. The FTSE 100 index ended up 5.26 points, or 0.1 per cent, at 5,892.75, having traded 90 per cent of its 90-day volume average. The index only moved into positive territory late [...]
US stocks up ahead of Fed’s statement March 12, 2012 DEFENSIVE names rallied in an otherwise flat day for Wall Street yesterday as investors paused after recent gains and looked ahead to the Federal Reserve’s monetary policy statement. Investors will eye today’s statement from the US central bank’s Federal Open Market Committee to see whether the Fed will cool down expectations of more easing of [...]
Avoiding rotten luck trading pairs March 12, 2012 PICKING out individual stocks from a sector can be a tricky business. Even if you think that a particular equity is ripe for the picking, it could be dragged down by a fall in the sector as a whole. This is where pairs trading can come in to help you. “Pairs trading is an often [...]
US GROWTH MEANS THE DOLLAR-YEN BREAKOUT SHOULD BE TAKEN SERIOUSLY March 12, 2012 DIRECTOR OF CURRENCY RESEARCH, GFT IS THE North American region the last bastion of global growth? After last Friday’s strong US non-farm payrolls (NFP) and this weekend’s disappointing Chinese trade data, it certainly appears to be the case. In February, the US was able to record its third consecutive month of more than 200K new [...]
The growing trend of active traders March 12, 2012 THE last 15 years or so have seen a sea change in how people manage their investments and approach financial markets. For anyone much under the tender age of 40 it’s probably taken for granted that real time prices, charts and news are all part and parcel of a trading or investing account. Of course, [...]
Analyst picks for 13 March 2012 March 12, 2012 FOREX STRATEGIST JOEL KRUGER My pick: Buy dollar-yen from ¥80.00 Expertise: Technical analysis Average time frame of trades: 6 months The market is doing a good job of showing the potential formation of a major cyclical bottom after closing above the weekly Ichimoku cloud for the first time since July 2007. We could be in [...]
Twin products for the skilled trader March 12, 2012 MARKET volatility is often a problem for investors. But some, with the talent and bravery to turn turbulence into a boon for their portfolios, make good use of a pair of derivative products – contracts for difference (CFD) and spread betting. How should you choose which to use? Functionally, they are more similar than different. [...]
THE TIPSTER March 12, 2012 GLOBAL food and beverage company PepsiCo announced plans to install former Wal-Mart executive Brian Cornell to head its largest and most profitable unit. This is seen as a positive move which could shake up positions within the company, as existing chief executive Indra Nooyi has been unable to bring the share price back to its [...]