THE TIPSTER August 30, 2011 THE Kiwi dollar has gone up against the US dollar to its highest since the beginning of the month, after building permits had its biggest jump since 2008 and Chinese manufacturing increased. This data shows traders are hungry for riskier assets at the moment, which could see the Kiwi push higher short-term. Capital Spreads quotes [...]
FOREX ANALYST PICKS August 30, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar and long dollar-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week The big fundamental threats are fading into distant specters. For me, that signals a switch back to short-term setups rather than looking for big breaks and trends. None [...]
FTSE to open over 100 points higher after holiday August 29, 2011 A FROTHY combination of surprisingly strong US consumer spending data, merger news between two Greek banks, and general relief that Hurricane Irene largely avoided New York City, will give UK stocks a substantial boost when the market re-opens today after the long Bank Holiday weekend. GFT quotes two-way prices on stock indices around the clock, [...]
US stocks rally as markets cheer Greek bank merger August 29, 2011 US STOCKS soared more than two per cent in a broad rally yesterday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe. A rebound in consumer spending calmed fears of a new US recession and also helped lift all 10 S&P sectors. Only five S&P [...]
Trade business cycles for a universe of profit August 29, 2011 GLOBAL financial markets, like weather patterns, are governed by macro and micro cycles and these cycles are definable and predictable. This may come as a surprise, but each financial asset class forms part of a larger constellation, much like a constellation of planets, and can be seen to move in a similar orbital way. All [...]
FED COULD BE STIMULATED BY NON-FARMS August 29, 2011 EQUITIES staged a decent recovery last week, despite the release of further poor economic data from the US, Europe and China. Last week’s trading was a return to the behaviour we became so used to over the past few years, and which has been less in evidence over the last couple of months. This is [...]
Four patterns every trader should know August 29, 2011 THE financial markets can be a fickle beast. After all, you can attempt to model and predict every possible outcome, but prices are driven by human decisions, with traders staying in a position longer than they know is wise, or panic buying in a rally. But armed with a knowledge of some common chart formations, [...]
THE TIPSTER August 29, 2011 MINER Glencore has had a real fall from grace since coming to the market back in May at over £5. In fairness, as with any high beta stock, when the market falls, they generally follow suit. One thing is clear, it is still are very ambitious and acquisitions are still the aim of the game [...]
FTSE ends in the red as hopes of intervention from Fed wane August 25, 2011 BRITAIN’S FTSE 100 fell yesterday, snapping three days of gains as investor hopes dwindled that Federal Reserve chairman Ben Bernanke would signal more stimulus measures and a rumour about a German short-selling ban triggered profit taking. The blue chip index fell deep into the red on talk a short selling ban may be enacted in [...]
Market falls ahead of Bernanke speech August 25, 2011 US stocks fell yesterday as investors raised cash ahead of a critical speech from Fed chairman Ben Bernanke, hoping he will give them a clearer picture of the Fed’s plans for the struggling economy. Several negatives contributed to the market’s weakness after three days of gains. Jitters over a sharp drop in German stocks and [...]