Political ineptitude is driving euro-dollar November 22, 2011 THE string of announcements yesterday provided a snapshot of the failings of politicians and committees on either side of the Atlantic to come up with any form of solution to their respective debt woes. We saw some short-term euro-dollar moves off the news that the IMF had approved changes to credit line structures designed to [...]
EUROBONDS COULD BE THE SOLUTION November 22, 2011 AS TURMOIL in the European credit markets continues to weigh on the euro, some analysts are pressing for the European Central Bank (ECB) to engage in Swiss National Bank (SNB) like intervention. But even the most accommodative monetary policy in the world will not produce a long-term solution for Europe. If the euro is to [...]
THE TIPSTER November 22, 2011 THE fragile state of the UK economy has seen the pound fall against a number of currencies in the past week and with the Bank of England’s Monetary Policy Committee meeting notes likely to point to further quantitative easing, more pressure could be put on sterling. The fall against the euro has been stemmed somewhat [...]
FOREX ANALYST PICKS November 22, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short dollar-Swissie, long dollar-yen, short Kiwi dollar-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week We have finally seen a strong break against risk; and it has worked well for last week’s short sterling-dollar setup and euro-yen (below ¥105) as well. [...]
Connecting with employees and the public through the Olympics’ power November 22, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 247 DAYS TO GO EDF’s Gareth Wynn explains the group’s commitment to the London 2012 games from the very start Q.What was your brand’s primary reason for being involved with the Games? A.EDF Energy was actually the first commercial sponsor of the bid, even predating Seb Coe, when [...]
FTSE slides to a six-week low over Eurozone debt worries November 21, 2011 BRITAIN’S FTSE 100 slid to its lowest close in six weeks, with worries mounting over the health of the global economy as the US and Europe wrestled with their respective debt problems. London’s blue chip index fell 140.34 points, or 2.6 per cent to 5,222.60 yesterday, its sixth straight day of losses and adding to [...]
US stocks sink as confidence drops November 21, 2011 US stocks fell for a fourth session yesterday, as the lack of progress in dealing with heavy debt both in the United States and Europe further sapped investor confidence in equities. Risky assets like commodities also fell, sparking a sell off in shares of industrials and energy companies. Volume was lower than average, with investors [...]
Remembering the Iron Lady’s legacy: Why Margaret Thatcher still matters November 21, 2011 HISTORIAN AND AUTHOR THE place is Britain; the year, 1978. It is the Winter of Discontent. Labour unrest has shut down public services, paralysing the nation for months on end. Rubbish is piled high on the street. The government been obliged to supplicate for a loan from the International Monetary Fund. Soon the Soviet trade [...]
Don’t oscillate on using stochastics November 21, 2011 STOCHASTIC oscillators can be wielded in the constant battle against the random walk of the market. As with all technical analysis tools, they won’t unlock all the secrets of the price action, but they can be an additional clue as to the statistical likelihood that the market is due a correction on the downside or [...]
HOLDING NO STOCK IN EURO DELIVERANCE November 21, 2011 INVESTOR sentiment has turned decidedly bearish over the past week. As usual, the primary concern is the slow motion train wreck that is the European debt crisis. This means that Eurozone sovereign bond yields remain in focus, with the spreads of Spanish, Italian and even French debt over German bunds under intense scrutiny. Once again, [...]