Is your broker trading against you? September 26, 2010 MANAGING DIRECTOR, FXCM FOREX TRADING in the UK has become extremely popular with increasing demand for improved trading platforms and trading services. Many people trade FX via their spread betting or CFD provider. However as retail traders become increasingly sophisticated will the classic spread betting offering be enough for the man on the street? No [...]
A tarnished outlook for base metals September 26, 2010 UBS SHOCKED short-term traders on Friday when it issued a report calling time on copper’s upside. Spread betters should take note of the conditions facing industrial metals and consider switching to precious ones. UBS’s research says that the global environment in the fourth quarter will not sustain the big mining companies’ Antofagasta and Kazakhmys’ current [...]
THE TIPSTER September 26, 2010 HEDGE fund manager Man Group’s share price has been hovering just above the £2 mark for some time but it still yields the biggest dividends of any stock in the FTSE 100. Its trading update tomorrow might help to drive the shares higher. Capital Spreads offers 220.7p-221.3p. Last Monday, this column recommended selling bookmaker William [...]
TECHNICAL ANALYSIS GURU September 26, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, the FTSE 100 seems to be struggling. Will the index fall this week? A. Over the past two weeks the FTSE 100 has struggled to break above the resistance level of 5,610. This is suggesting that the index may be weak. When we see a market reach a [...]
FTSE slides as weak drugmakers and banks offset rally by mining and oil firms September 23, 2010 Britain’s leading share index ended slightly lower yesterday, rallying late on in tandem with a turnaround on Wall Street after US existing home sales data, with firmer oils offset by weak drugmakers and banks. By the close, the FTSE 100 was down 4.83 points or 0.1 per cent at 5,547.08, its third consecutive session of [...]
Wall Street falls on poor unemployment figures September 23, 2010 US stocks fell yesterday after a weak reading on the labour market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy. Major indexes were little changed for most of the day before the S&P 500 broke below 1,130, the high end of the summer’s trading [...]
Simplicity is often a virtue September 23, 2010 WITH markets still directionless and a second-half slowdown looming, those with savings are increasingly looking into more exotic ways to preserve their nest-egg. The desire for safety combined with sinking government bond yields has fed demand for a series of structured products for private investors – that is, investment vehicles that promise a defined return [...]
Get paid more for being unhealthy September 23, 2010 ADEQUATELY funding your retirement has become a hot topic in the past couple of years, with a combination of falling interest rates and pension annuity rates eroding the value of pension pots. Earlier this month, it was reported that annuity rates, which are a key determinant of annual income post-retirement, had tumbled to a 20-year [...]
PERSONAL FINANCE NEWS September 23, 2010 LONDONERS WORRY ABOUT DEBT… R3, an insolvency trade body, has conducted research showing that 40 per cent of adults in the UK are anxious about their personal debt levels. Londoners are most affected: 49 per cent admitted being concerned. Nationwide, credit card debt is the source of the greatest worry at 51 per cent, followed [...]
A fresh take on fund managing September 23, 2010 HE MIGHT not look like your typical rebel, but Alan Miller is one through and through. First he railed against British divorce law and, since last year, he’s turned his sights to the wealth management industry. He launched SCM Private in mid-2009 after he became frustrated with the way his personal money had been managed [...]