THE TIPSTER September 13, 2011 THE last time the euro was trading at these levels against the yen was in June 2001 and it appears that traders see the Japanese currency as the strongest safe haven in the midst of the Eurozone debt crisis. This is down to Japan’s current account surplus, which means it doesn’t have to rely so [...]
FOREX ANALYST PICKS September 13, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Long dollar-yen above ¥77.75 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Conditions are not very favourable for intermediate swings for either euro or dollar-based pairs. For the euro, the progress of the region’s crisis is a constant battle between market [...]
Weak commodities take toll on FTSE but banks rebound September 12, 2011 BRITAIN’S leading share index fell yesterday, on weakness in heavyweight mining and energy issues as commodity prices retreated, while a partial recovery by banks brought blue-chips back from intra-days lows for the month. At the close, the FTSE 100 index was down 85.03 points, or 1.6 per cent, at 5,129.62, having bounced off the session [...]
Hope of help for Italy lifts stocks September 12, 2011 US stocks rose yesterday, bouncing back in late trading, as hopes that Italy could get financial support from China tempered investors’ worst fears over the Eurozone’s sovereign debt crisis. Traders started the day braced for a possible downgrade of France’s top banks by Moody’s rating agency, but sentiment improved as various European officials succeeded in [...]
Trade with the equity sector’s economic cycle September 12, 2011 BUSINESSES prosper at different times. Over the duration of a business cycle, which typically lasts for about seven years, certain businesses do well in the early period of economic expansion, some do better during mid-expansion and others prosper as economic activity begins to lessen. These fluctuations in the business activity of companies can be traded [...]
OBAMA’S JOB PLAN BRINGS CALLS FOR QE3 September 12, 2011 AT THE end of last week, investors were digesting President Obama’s proposed $447bn jobs package. This was significantly bigger than the $300bn expected, and the hope is that it will encourage firms to start hiring again. But everything comes with a cost, and savings will have to be made elsewhere. The President has passed these [...]
Resistance is futile: French banks come under fire September 12, 2011 AT the end of yesterday’s European trading session, the equities market was a sea of red. European banking stocks were sold across the board, with the French banks being hit hardest. BNP Paribas fell by more than 10 per cent. Its Gallic brothers in arms, Societe Generale and Credit Agricole, also took a heavy battering, [...]
THE TIPSTER September 12, 2011 CFD traders were selling shares in Next as they approached £23.50, a line which has held its advances several times over the last 17 months. Next updates the market with interims on Thursday, where good catalogue and online sales are expected to offset a 1.7 per cent fall in store sales. Spread Co offers a [...]
Healthcare technology is ready for an upgrade September 12, 2011 THE UK’s healthcare technology companies are producing some the world’s most innovative devices, turning profits and making the world a healthier place. However, the UK’s healthcare system does them a disservice, restricting them from punching even further above their weight. EXCITING PRODUCTS With a market capitalisation of $5.1bn (£3.22bn), Smith and Nephew stands head and [...]
Tech Skills a worry despite the optimism September 12, 2011 SENIOR MARKET UNDERWRITER, TECHMEDIA, ZURICH INSURANCE THE technology sector is under continual pressure to adapt, develop and deliver with a high expectation for innovation. The UK economy thrives in the technology arena as we have a rich vein of creativity and entrepreneurialism, especially emanating from universities and other further education facilities. Arguably the greatest invention [...]