An FXCM/City A.M. seminar to help you get more from your currency trades June 14, 2011 IT always helps to get a bit more depth to your forex trading knowledge. On 23 June, FXCM will be presenting a forex trading seminar in association with City A.M.. Featuring an introduction by City A.M. editor Allister Heath, the main presentation will feature an insight into intraday trading strategies with DailyFX market analyst Alejandro Zambrano. [...]
FOREX ANALYST PICKS June 14, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar, kiwi dollar-dollar and Swiss franc-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week We haven’t seen a wholesale shift in risk trends, rate forecasts or stimulus directives; and therefore we have come up light on trend. Last week’s sterling-dollar [...]
Oil is king for Norway’s krone June 14, 2011 EVER since the discovery, exploration and extraction of North Sea oil in the 1960s, Norway has been able to profit from the substance that keeps the wheels of the world’s economy turning. Like Canada’s Loonie, Norway’s currency is highly correlated with oil’s ups and downs. As such, “the recent rise in oil on the back [...]
THE TIPSTER June 14, 2011 AUSTRALIAN dollar-dollar has been trading sideways for about a month, since pulling back from the $1.1012 high reached at the start of May. A closer look reveals a very nice Fibonacci pattern in play, with $1.0532 the low support line, $1.0716 the 38.2 per cent retracement and $1.077 the 50 per cent retracement. After bouncing [...]
The Nasdaq – a good catch in the market for a partner June 14, 2011 THE Nasdaq stock exchange, second only to the New York Stock Exchange (NYSE) in size, was founded in 1971 by the National Association of Securities Dealers. When it began trading on 8 February 1971, Nasdaq (National Association of Securities Dealers Automated Quotations) was the world’s first electronic stock market. It was also the first stock [...]
Biotech stocks are in bloom June 14, 2011 THE Nasdaq stock exchange has long been associated with technology companies, attracting high-profile listings such as Apple and Microsoft at the start of their journeys to global domination. Accordingly, the stocks on the exchange are considered to be more volatile and growth-oriented. While technology stocks continue to dominate the top of the Nasdaq 100 index [...]
TECHNOLOGY STOCKS ARE LOOKING UP AS ALL EYES TURN TO THE CLOUD June 14, 2011 NASDAQ is the second largest exchange in the US and the world, second only to the New York Stock Exchange (NYSE). The Nasdaq is known for technology and was the exchange of choice when technology start-ups were looking to list in the tech boom (and subsequent bubble) of the late 1990s. It has retained its [...]
Miners lift FTSE amid talk of ENRC takeover June 13, 2011 MINERS dug deep to help lift Britain’s FTSE 100 share index marginally yesterday, as bid talk swirled around Kazakh miner ENRC. ENRC rose 4.7 per cent, outperforming a 0.2-per cent rise on the British mining index, after the Sunday Times said commodities trader Glencore was considering a £12bn takeover bid. ENRC shares have been savaged [...]
US shares tread water June 13, 2011 US stocks drifted sideways yesterday, in what is likely a temporary pause in a sell-off caused by fears of another downturn. The benchmark S&P 500 rose for only the second time in the past nine sessions while the Nasdaq 100 managed to survive a fall below its 200-day moving average at 2,218, quickly reversing those [...]
Contracts for difference can allay equity losses June 13, 2011 AS YET, it isn’t clear whether the recent stock market falls are the start of a sustained bear market or a temporary bull market pullback. Kathleen Brooks of Forex.com says, “we are not in bear market territory yet”. Either way, investors should be familiar with ways to hedge themselves against short-term threats using contracts for [...]