HEARD ON THE SQUARE MILE May 17, 2011 The Financial Traders and Brokers Network is hosting an event with Gregory Zuckerman on 26 May. Zuckerman pens the widely read “Heard on the Street” column for the Wall Street Journal and appears on CNBC twice a week to explain complex trades. He is a two-time winner of the Gerald Loeb Award for coverage of [...]
Growing debt will push the dollar lower May 17, 2011 IN A trick worthy of the great escapologist Harry Houdini, Treasury Secretary Tim Geithner has avoided hitting the US debt limit of $14,300bn by under-investing in social security and delaying debt auctions. However, creative accounting can only get a country so far. At some point the authorities need to deal with their fiscal profligacy and [...]
Sterling’s outlook waiting on rates May 17, 2011 IG INDEX DAVID JONES Tuesday saw the usual flurry in forex markets when the latest UK inflation figures were released, showing annual CPI at a larger than widely expected 4.5 per cent. The pound rallied half a cent against the US dollar in very short order and then over the course of the next few [...]
FOREX ANALYST PICKS May 17, 2011 FOREX STRATEGIST DAVID RODRIGUEZ My pick: Sell euro-dollar against $1.4340 Expertise: System Trading Average time frame of trades: 2 days to 10 weeks I remain short the euro against the US dollar from last week, as I think we have recently seen an important top in the euro-dollar. FXCM’s proprietary Speculative Sentiment Index (SSI) data [...]
Osborne caught in a tangle over tax May 17, 2011 HEAD OF TAX, ACCA A YEAR on and coalition relations are distinctly less rosy than they were in the rose garden last May. But despite recent tensions the coalition has already made plenty of progress in reshaping Britain: radical reforms to welfare, education, and healthcare have all been initiated. From an accountant’s perspective though, one [...]
Miners offset banks to leave FTSE flat May 16, 2011 LONDON’S top shares closed flat yesterday as weakness from banks was offset by an aggressive rebound from mining stocks, helping the index break back through a support level which traders said could herald a buying spree. The FTSE 100 ended down 2.18 points at 5,923.69, well off the session low of 5,862.16. “There’s a lot [...]
Tech stocks lead a fall on Wall Street May 16, 2011 THE Nasdaq index sank yesterday, leading US stocks lower, as investors sold recent winners in a sign of growing unease with pockets of US economic weakness. The Dow Jones industrial average declined 47.38 points, or 0.38 per cent, to close at 12,548.37. The Standard & Poor’s 500 Index dropped 8.30 points, or 0.62 per cent, [...]
Technology clusters at the pinnacle of success May 16, 2011 SILICON Fen is the UK’s answer to California’s tech-rich valley. The Cambridge cluster is proof that, by forming a hub of creativity, UK technology companies can compete on the world stage. Charles Cotton of Cambridge Phenomenon explains that the original catalyst for Silicon Fen came from Tim Eiloart and David Southward, chemical engineering graduates from [...]
PROTECTION IS AS IMPORTANT AS INNOVATION May 16, 2011 SENIOR MARKET UNDERWRITER, TECHMEDIA, ZURICH INSURANCE THE technology sector is under continual pressure to adapt, develop and deliver innovation. This evolving business environment makes it hard for companies to benefit from the lessons learnt by more established industries and many companies have learned it is key for them to protect their assets, especially during their [...]
Bridget is not the only one that keeps a diary May 16, 2011 NOBODY likes making mistakes, especially when you lose money doing so. This is a feeling that contracts for difference (CFD) traders will be all too familiar with. But take heart, much as Winston Churchill once said: “All men make mistakes, but only wise men learn from their mistakes”. Traders can do just this by keeping [...]