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. [...]
When divorcees turn private detective February 1, 2010 TWO recent, high-profile divorce cases have highlighted long running issue of what are the acceptable lengths a party can go to when they are convinced that their ex is hiding or undervaluing assets which they believe should be part of a divorce settlement. The first involves the chef Marco Pierre White, who has been given [...]
We will never know the full extent of City fraud February 1, 2010 ACCORDING to accountancy network BDO’s recent Fraudtrack survey, there was more than £2bn of reported fraud in 2009, a 76 per cent increase on the previous year. The chief motivator for fraud is – perhaps unsurprisingly – greed and a desire for a lavish lifestyle. Other possible motivators, such as debt, marital problems, drugs, alcohol, [...]
Boost your trading toolkit by watching moving averages January 31, 2010 FUNDAMENTAL traders have been speculating for some time about two trends: a resurgent greenback and an asset price bubble in China. And, if the technical analysis is correct, confirmation of both these moves came at the end of last week. On Wednesday, the US dollar index – which is a measure of the US dollar [...]
George Soros is wrong to say that gold hasn’t got much higher to go January 31, 2010 GEORGE Soros, often known as the man who broke the Bank of England, could find his title is about to change to the man who tried to break the gold vault. The billionaire investor spent last week at the World Economic Forum in Davos, Switzerland, where he said that gold was the “ultimate asset bubble”. [...]
THE TIPSTER January 31, 2010 FRIDAY’S upbeat house price data from the Nationwide was well received by home owners, but it might only last for the short-term. Whether the upward trend in home values can be sustained for any length of time is clearly open to debate. The prospect of rising interest rates threatens to squash demand as mortgage repayments [...]