CAREERS CLINIC March 10, 2010 MICHAEL MORAN DIRECTOR, FAIRPLACE I’ve got a job interview coming up that I’m quite nervous about. What can I do in advance to improve my chances? The way you prepare for an interview is just as important as the way you perform when you’re actually there, and if you just turn up having only vaguely [...]
Use Fibonacci analysis to identify key levels March 9, 2010 STERLING’S dramatic drop against the dollar last week hit headlines across the world as traders feared that the pound would hit parity against the euro and fall to new lows against the greenback. But for some, the move was simply an extension of an ongoing drop. Traders who pay attention to Fibonacci levels were prepared [...]
NEW RULES TO STABILISE EUROZONE March 9, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT The euro is a currency without a country and that has always been its weakness. Its members share a common monetary plan but practise disparate fiscal policies – a structure which has been sorely tested by the Greek crisis. But after Greece agreed to austerity measures, the immediate [...]
The Kiwi can’t keep up this strength for long March 9, 2010 COMMODITY currencies such as the Australian dollar and the New Zealand dollar have been in vogue over the past year as traders look to capitalise on rising commodity prices and take a punt on the global economic recovery. It is no surprise, therefore, that Forex.com has added the US dollar-South African rand to its list [...]
Rate cuts will undermine the South African rand’s health March 9, 2010 COMMODITY currencies such as the Australian dollar and the New Zealand dollar have been in vogue over the past year as traders look to capitalise on rising commodity prices and take a punt on the global economic recovery. It is no surprise, therefore, that Forex.com has added the US dollar-South African rand to its list [...]
The Tipster March 9, 2010 THE Australian dollar has been subdued, which is surprising since strong business confidence data earlier this week increases the chances of more interest rate hikes from the Reserve Bank of Australia. The Aussie dollar has traded on a weaker note since Monday after reaching AU$0.9150 against the greenback. Its weak performance in recent sessions can [...]
FOREX FLASH March 9, 2010 Goldman upbeat on sterling The pound has been in retreat since yesterday, after trade data for January suggested that a weaker pound is not yet helping British exports. But this could be short-lived. Goldman Sachs economist Erik Nielsen thinks that the UK economy should emerge from recession before the Eurozone. Nielsen made the comments during [...]
Banks weigh on the FTSE as Credit Suisse warns of future funding crisis March 9, 2010 BRITAIN’S top share index closed a touch lower yesterday, as a weakening in banks after a cautious research note from Credit Suisse slightly outpaced buoyant oil issues and drugmakers. The FTSE 100 ended down 4.42 points, or 0.1 per cent, at 5,602.30, having closed up 0.1 per cent on Monday, its highest close since 2 [...]
Market sees strongest one-year rally since 1936 March 9, 2010 ONE year to the day after stocks fell to their worst close in more than 12 years, the US market spent most of yesterday spinning its wheels. Major US averages ended slightly higher as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. But the weakest financial companies dominated market [...]
Watchdog’s bite is too harsh in new regulations March 9, 2010 JAMES BAGGE SENIOR CONSULTANT, NORTON ROSE LLP THIS week there has been a quantum shift in risk exposure for those who work in the financial services industry and perform controlled functions. With effect from 6 March, if anything goes wrong on their watch, there is a real risk of being faced with the prospect of [...]