FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
THE SWISSIE: A SAFE HAVEN FOR TRADERS September 7, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT ONE of the strongest trends in the currency market this year has also been one of the least noticed. While the majority of currency traders have been focusing on dollar-yen as risk aversion flows pushed that pair to 15 year lows, the Swiss franc has quietly forged a massive rally [...]
Get exposure to fast markets by day trading FX September 7, 2010 DOLLAR-STERLING moved 150 points on Monday’s US Labor Day holiday. The market clearly did not take a break. It is a reminder that the restless forex market offers day traders real opportunities: tight spreads and sharp movements that can be dipped in and out of at low cost. The volatility can mean big wins, but [...]
THE TIPSTER September 7, 2010 YESTERDAY the dollar hit a 15-year low against the yen. Much has been made of the effect this will have on the Japanese recovery. Monday saw the Bank of Japan announce that interest rates will remain unchanged, and that the quantitative easing programme will not be extended to defeat deflation. Some think that the yen [...]
FOREX ANALYST PICKS September 7, 2010 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Stay short cable from $1.55; long euro-Swissie above SFr1.3150 Expertise: Combining fundamental and technical analysis Average time frame of trades: 1 day-1 week My interest in the sterling last week has paid off more with my sterling-Aussie short (having booked profit) than my sterling-dollar short. I will remain short [...]
Clash of cultures can scupper law firms’ mergers September 7, 2010 THE Americans are coming. Hammonds has become the latest firm to announce that it is to merge with a US firm, confirming last week that it is to link up with Squire Sanders. It follows the merger of Hogan & Hartson and Lovells earlier in the year, and the announcement that SJ Berwin is talking [...]
How to show cyber-bullies the chatroom door September 7, 2010 RUSSELL JONES & WALKER LAST month Aim-listed oil company Nighthawk Energy went to court to force two investment chatrooms to reveal the identities of people who had been posting “persistent defamatory and untrue postings” about the firm. This is the first time that such a case has been undertaken, and it could offer a course [...]
Oil and bank stocks push FTSE higher September 6, 2010 F IRMER banks and energy stocks, lifted by an improved outlook for the global economy, fuelled slight gains on Britain’s top share index, pushing it to its highest close in over four months yesterday. The FTSE 100 ended 11.04 points, or 0.2 per cent higher, at 5,439.19, up for a seventh consecutive day after it [...]
Utilities top Eurozone leaderboard September 6, 2010 E UROPEAN shares edged higher yesterday, adding to a strong rally last week, with utilities rising after Germany extended nuclear power plants’ lifespans, but in low volumes with Wall Street closed. Drugmaker GlaxoSmithKline was among shares falling, on concerns about its Avandia drug. The pan-European FTSEurofirst 300 index of top shares rose 0.2 per cent [...]
Betting on merger deals demands nimble trading September 6, 2010 WITH global mergers and acquisitions (M&A) on the rise and 2010 already being hailed as a blockbuster year, it might seem easy to benefit from sudden equity gains on the back of deals. But despite the impressive stock swings in response to M&A news, traders should be wary. Betting on deals that might not happen [...]
DON’T BANK ON FURTHER S&P RALLIES September 6, 2010 CFD MARKET STRATEGIST, GFT SEPTEMBER kicked off with impressive rallies on global equities. It was certainly a “risk on” start to the month and echoed the market moves that we saw back at the beginning of August. In fact, the S&P has already made back all its August losses and more. But last month’s initial [...]