US stock lift shows hope for debt plan December 6, 2011 US stocks rose yesterday as investors bet European leaders would take strong steps this week to end the region’s debt crisis, including bolstering its financial rescue fund. The latest source of optimism came from a Financial Times report that European leaders will discuss boosting the firepower of the Eurozone’s rescue fund at the summit. The [...]
With a glass and a half full of pride, Cadbury is looking to raise its game December 6, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 233 DAYS TO GO One of the nation’s favourite brands has new owners but it is still the official treat provider for 2012 Q. What was your brand’s primary reason for being involved with the Games? A. I was brought in after the decision had been taken, but [...]
S&P move would make EU stability history December 6, 2011 WITH member states coming to the grim realisation that if the Eurozone situation gets any worse they are going to be inflicted with Bob Geldof staging a charity concert for it, the S&P ratings agency drew that nightmare one step closer. I DON’T LIKE MONDAYS On Monday, the ratings agency put the bulk of the [...]
THE MULTIPLE SCHEMES TO DEFEND EURO December 6, 2011 AS THE European leaders meet for their summit tomorrow, currency traders will have only one question on their mind – can the Eurozone move towards greater fiscal integration? The European sovereign debt markets have become nothing more than a game of chipping away at the weakest link. As soon as officials cobble together a bailout [...]
THE TIPSTER December 6, 2011 THE rebound in Aussie dollar-dollar from the lows of the end of November has seen it rally over 600 pips, but has ran in to resistance at $1.0300. Support though is being offered by the former support/resistance lines going back over 12 months through $1.0200 so it is now trading in a very tight range, [...]
FOREX ANALYST PICKS December 6, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Long dollar-Canadian dollar and dollar-Swiss franc. Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week A coordinated liquidity pump by the world’s six largest central banks was enough to trip attractive short-risk setups from last week – but not generate a definitive [...]
FTSE hits a five-week high on hope of a euro debt plan December 5, 2011 BRITAIN’S FTSE 100 hit a five-week closing high yesterday with optimism rising that politicians can finally agree a deal to solve its debt crisis in a crunch week for the Eurozone. European Union leaders, urged on anxiously by the United States, are seeking agreement on a convincing rescue plan that has eluded them for two [...]
US stocks drop on S&P rate warning December 5, 2011 HOPES that policymakers are working toward a solution to the debt crisis lifted global shares yesterday, but a late-day credit warning from Standard & Poor’s underscored what was at stake. Reports that the warning was coming caused US stocks to cut gains in the afternoon, while the euro retreated. S&P said after the closing bell [...]
Pig out on the rebound December 5, 2011 WHEN six central banks staged a coordinated intervention last week to lower the cost of dollar swap rates, they gave the European markets a breath of life on the hope that this would sow greater liquidity into the interbank market. The injection of dollar liquidity into the market sent investors trotting out of dollar positions [...]
A CHANGE OF FORTUNES FOR RISK ASSETS December 5, 2011 WHAT a turnaround last week. We saw an extraordinary rally in equity markets which saw them recoup the losses from the sell-off that had persisted through much of November. Personally, I believed that the major stock indices were on the point of a major break to the downside which would only be averted by a [...]