The buck is poised to claw back losses August 10, 2010 YESTERDAY was like a trip down memory lane with traders across the City gripped by the conclusion of the Federal Reserve’s latest policy meeting. The big news was that the Fed will not engage in more quantitative easing (QE) and instead reinvest the proceeds of securities it already holds on its gigantic $2.3 trillion balance [...]
FOREX ANALYST PICKS August 10, 2010 FOREX STRATEGIST ILYA SPIVAK My pick: Short New Zealand dollar-US dollar, pending market moves Expertise: Global macro, classic technical analysis Average time frame of trades: 1 week-6 months The New Zealand dollar looks to be carving out a double top below the $0.74. Prices are now testing below the lower boundary of a bearish rising [...]
THE TIPSTER August 10, 2010 WITH the pound starting to lose steam on the back of slightly weaker economic data, the recent strength in sterling crosses may well be coming to an end. While the pound looks under threat, look to buy euros around £0.8300 for a move towards £0.8410. Also, look to sell sterling-yen around ¥136.80. CMC Markets’ spread [...]
Investing with a conscience has the potential for long-term rewards August 10, 2010 THE need for responsible investment has never been more relevant in the wake of the BP Deepwater disaster in the Gulf of Mexico and multinational oil companies’ controversial activities in the Canadian tar sands. Responsible investment has traditionally been seen as a domain for militant activists and students whereby stocks that do not meet certain [...]
FUND MANAGEMENT NEWS August 10, 2010 NEW INDIAN DEBT FUND TO LAUNCH ACPI Investments has announced the launch of one of the first Indian bond funds available in Europe. The fund is looking for strong rupee appreciation along with further de-regulation in the corporate sector to boost returns. It plans to invest in securities issued by the Indian government, debt issued [...]
Boutique firms flourish in new legal landscape August 10, 2010 FOR millions of years, dinosaurs ruled the world. They grew ever bigger, hoovering up increasingly massive amounts of the local ecosystem to keep them going. But then there was a cataclysm and the game changed. Resources became more scarce and eventually evolutionary push came to Darwinian shove and they lost out in the battle for [...]
DIVORCING COUPLES FACE DAWN RAIDS August 10, 2010 MISCHON DE REYA IN 177 carefully crafted paragraphs the Court of Appeal has rewritten the rules of engagement in matrimonial finance cases. Previously, spouses seeking divorce were permitted a certain amount of leeway when gathering financial information. Put simply, the courts turned a blind eye to one spouse helping themselves to financial information by rummaging [...]
Banks boost FTSE past the 5,400 mark after quiet day August 9, 2010 FINANCIAL stocks boosted the UK’s leading share index yesterday, rallying from falls in the previous session following weak US jobs data and supported by energy markers which gained in tandem with crude. The FTSE 100 was up 78.13 points, or 1.5 per cent, at 5,410.52, having closed 0.6 per cent lower on Friday, albeit in [...]
Wall Street pauses ahead of Fed rates August 9, 2010 US stocks rose yesterday in the quietest session of the year on speculation that the Federal Reserve would signal potential steps to boost the sluggish economic recovery. Volume was a mere 5.71bn shares, compared with last year’s estimated daily volume of 9.65bn shares, as investors were wary of taking new positions before the Fed’s statement [...]
Panic over a new global food crisis is over-egged August 9, 2010 TRADERS have been watching wheat markets breathlessly over the past few days as the grain bounced up and then down. Having gained 8.08 per cent last Thursday – up 80 per cent on prices in the middle of June – the grain plummeted on Friday, wiping out much of Thursday’s gain to end the day [...]