The euro is being held up despite the crisis November 30, 2011 AFTER months of deepening crisis across the Eurozone, you’d be forgiven for thinking that the euro may have collapsed against other currencies. Indeed, by many forecasts the euro should have collapsed. However, despite continued uncertainty, spiralling yields and political fumbling, the euro has remained stubbornly resilient.weak dollar over euro strength The Federal Reserve has been [...]
FTSE climbs on US data November 29, 2011 BRITAIN’S blue chip index rose yesterday, building on two straight sessions of gains as strong consumer confidence data from the United States offset renewed concerns about the Eurozone debt crisis. The FTSE 100 added 24.24 points, or 0.5 per cent, to close at 5,337 after turning higher in the afternoon, when data showed US consumer [...]
Confidence up in the US but investors wary November 29, 2011 THE Dow and S&P 500 advanced for a second day yesterday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe’s fiscal mess bolstered sentiment. However, in a sign investors are still nervous about the European debt crisis, defensive sectors such as utilities and consumer staples were among the best [...]
To print or not to print: ECB policy debate November 29, 2011 AS the Eurozone crisis rumbles on, European policy makers are fast running out of ideas. In recent weeks, the calls for the central bank to start printing have grown louder. But is this a wise route to take? “Print your way out” ROGER NIGHTINGALE independent consultant (Below, left) If a motorist, driving along a hilly [...]
DOLLAR-YEN IS WAKING FROM ITS SLUMBER November 29, 2011 UNTIL recently, the single most boring job in the currency business was to be a dollar-yen dealer. With the exception of a few days when the Bank of Japan (BoJ) would intervene in the markets, spiking dollar-yen by a couple of hundred points in a matter of minutes, the pair would remain moribund, sometimes moving [...]
THE TIPSTER November 29, 2011 THE Eurozone crisis rumbles on with daily reports. “Good” bond auctions in Italy sent the euro sharply higher and rumours of French downgrades pushed it lower. Euro-sterling languishes near its September and October lows of £0.8530 and looks vulnerable to further weakness. But traders should keep in mind that the euro rallied sharply against the [...]
FOREX ANALYST PICKS November 29, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short kiwi-dollar; long euro-loonie; long dollar-Swissie Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week The strong drive in risk trends through the historically quiet holiday period was remarkable. This is a clear sign of how troubled the European and global financial [...]
FTSE rallies on hopes action is coming over Eurozone debt November 28, 2011 BRITAINS’S top share index rallied yesterday as financial and basic resources stocks advanced, helped by hopes that Eurozone leaders were moving closer to action to stem a debt crisis in the region. London’s blue chips added 148.11 points in its second consecutive day of gains after nine straight sessions of declines, as equities across Europe [...]
US stocks lifted by strong retail sales November 28, 2011 US stocks rebounded from seven days of losses yesterday as investors used the latest effort from European leaders to resolve the region’s debt crisis as an opportunity to cover short positions. Trading was light, a sign scepticism remains high. Just 6.2bn shares changed hands during the day on US exchanges, well below the daily average [...]
Trading the fear index November 28, 2011 THOUGH it is not a leading indicator, the Chicago Board of Options Exchange volatility Indix (Vix) is a useful tool for CFD traders. As it is much more sensitive to market downswings than upswings, the Vix is often known as the fear index. Most CFD providers allow you to take a position on Vix futures [...]