Three Forex questions to ask for 2011 January 4, 2011 DIRECTOR OF CURRENCY RESEARCH, GFT THE THREAT OF EURO FRACTURE As 2011 began, Estonia became the 17th country to join the Eurozone but sceptics still insist its days are numbered. Just as in 2010, the sovereign debt issue will haunt the currency while credit markets will be the primary catalyst of the FX trade. The [...]
FX NEWS January 4, 2011 BRAZIL TO DISCUSS YUAN WITH CHINA Brazilian president Dilma Rousseff will prioritise discussions with China over its currency and trade policies, according to the country’s trade minister Fernando Pimentel. Discussions are expected to occur when the Bric countries meet in April. Pimentel also said that Brazil may consider increasing policies to stem further appreciation of [...]
THE TIPSTER January 4, 2011 THE US dollar has risen for the second consecutive day against the yen thanks to increased optimism for the US recovery – factory orders are falling at a slower pace than expected and the labour market is also starting to show a glimmer of improvement. Following the latest fall in weekly jobless claims, analysts are [...]
FOREX ANALYST PICKS January 4, 2011 FOREX STRATEGIST ILYA SPIVAK My pick: Stay short euro-US dollar Expertise: Global macro Average time frame of trades: 1 week-6 months I sold euro-US dollar at $1.3315 on 15 December expecting the euro to slump in 2011 as economic growth in the currency bloc continues to underperform that of the US. Furthermore, the debt crisis [...]
Before bonuses come firings, so watch your back January 4, 2011 STEWARTS LAW The decorations are back in the loft, the shops would be full if it wasn’t for the VAT rise. It must be January. And that also means that it is bonus season, the time when managers start to take a close look at the bonus pot and wonder how to divide it between [...]
Solicitors have to become businesslike January 4, 2011 CROWE CLARK WHITEHILL There is a sense of pessimism about the future of the legal profession. The downturn has hit the law hard, with many City firms making redundancies, and it has triggered much debate about the future of such fundamental things as the partnership model and the fees structure. Add the fact that the [...]
UK stocks will start the new year with a bang January 3, 2011 An improved economic outlook for the US following manufacturing data released yesterday while trading on UK shares was closed is expected to give a strong boost to the market this morning. STRONG MARKET BOOST EXPECTED GFT is quoting the FTSE 100 index to open up 75 points from Friday’s lunchtime close, at a level of [...]
Wall street January 3, 2011 US stocks greeted the new year with a rally yesterday as encouraging signs about the outlook for manufacturing around the world prompted investors to inject new money into the market. Data from the United States, Europe and China set the tone, helping the Dow and S&P reach new two-year highs and the Nasdaq 100 closed [...]
Spread betting vs. contracts for difference January 3, 2011 THE new year is underfoot, and with European sovereign debt still looking problematic, Chinese inflation sky high and the Federal Reserve still emptying a bathtub of money onto the world, it is looking to be at least as interesting a year as 2010. For ordinary investors, volatility is not very much fun. Most people are [...]
THE MONTH AHEAD in association with GFT January 3, 2011 COMPANY NEWS ● International seed and fertiliser company Monsanto publishes its first-quarter earnings on Thursday. ● Spread betting company IG Group publishes its interim results on 18 January. ● AstraZeneca, BSkyB, Charles Stanley and Vedanta Resources all publish earnings announcements on 27 January. ● Aluminium producer Alcoa traditionally kicks off the US’s fourth-quarter earnings season, publishing [...]