The Tipster February 2, 2010 CENTRAL BANK news is dominating the currency markets this week and foreign exchange traders should be digesting these decisions as they are announced. On Monday night, the Reserve Bank of Australia (RBA) shocked the markets by keeping interest rates on hold at 3.75 per cent. The expectation had been for a 25 basis point hike [...]
Investors with a strong stomach could find safe haven in the franc February 2, 2010 AMID all of the turmoil gripping the European Union in the wake of Greece, Portugal, Spain and Ireland’s debt problems, Switzerland – which is not a member state – has remained fairly trouble free. The contrast between Europe’s woes and the relative calm of the economic outlook in Switzerland has been played out in the [...]
BP’s fall takes fuel out of oil stocks but FTSE rises higher February 2, 2010 Britain’s top shares closed higher for the third straight session yesterday as miners and banks extended the previous day’s gains but BP dragged energy stocks lower with fourth-quarter results that missed expectations. The FTSE 100 was up 35.90 points, or 0.7 per cent at 5,283.31, after closing 1.1 per cent higher on Monday. Miners added [...]
DR Horton cements construction stocks February 2, 2010 US stocks rallied for a second day yesterday as better-than-expected earnings and encouraging data calmed investors after the market’s recent sell-off. Rising sales of previously owned US homes and robust earnings from bellwethers representing consumer and industrial businesses, including Whirlpool and Cummins, pointed to a steady rebound in demand. “The housing data, followed by the [...]
In these markets, you should defend yourself February 1, 2010 DESPITE strong US and Chinese growth data and a solid – if not stellar – US earnings season, it has not been a good fortnight for global equities Since the start of the year, the S&P 500 has lost 4.6 per cent, the FTSE 100 is down 5.2 per cent and the MSCI World index [...]
RETHINK YOUR VIEW ON GOLD AND SILVER February 1, 2010 CFD Market Strategist, GFT After a strong start to the New Year, equities finished January on a very weak note. With China beginning to tighten policy, investors have become twitchy. The prospect of a drop in Chinese demand and a world with less liquidity has rattled financial markets. There was hope that the US earnings [...]
CFD Profile | UK consumer price index February 1, 2010 Spread: Five basis points on the nearest contract month, 10 basis points for other contracts. Min/ Max size of trade: £1/£25 (maximum account position is £25) Margin Requirement: 5 per cent Trading Hours: 08:00-16:30 London time (Information provided by GFT) After rising to 2.9 per cent in December, the spike higher in UK inflation looks [...]
CFD ANALYST PICKS February 1, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Buy oil at $68 Expertise: Technical analysis Average time frame of trades: 5-10 days Explanation: Oil has been trading in a choppy consolidation over the past several months, and while we still see room for additional pullbacks over the coming days below $70.00, any additional declines should be very [...]
Happy Monday for financials as US data lift big cap shares February 1, 2010 Britain’s top share index closed 1.1 per cent higher yesterday, helped by upbeat US manufacturing data, with banks and commodity stocks topping the list of gainers. The FTSE 100 closed up 58.89 points at 5,247.41, having dipped to 5,163.57 earlier in the session. The index ended 0.8 per cent higher on Friday. Experts said the [...]
Exxon and factories light up Wall Street February 1, 2010 US stocks rose yesterday as better-than-expected data on the manufacturing sector and earnings from ExxonMobil revived bullish sentiment after stocks closed out their worst month in almost a year. Exxon’s stock gained 2.7 per cent to end at $66.18 after the largest US oil company reported natural gas products boosted results at its exploration arm. [...]