DOLLAR BEAR MARKET NOT DOLLAR CRISIS October 21, 2009 GEORGE TCHETVERTAKOVHEAD OF MARKET RESEARCH, ALPARI UK ONE of the biggest casualties of the financial crisis was trust in banks and financial institutions, sparking a collapse of confidence in the markets and precipitate falls across all asset classes from equities to commodities. The greenback was in extremely high demand throughout 2008 as panicking investors looked [...]
Forget active: savvy investors are going for the smart ETFs instead October 21, 2009 WHEN BlackRock acquired Barclays Global Investors and its exchange-traded funds (ETFs) business iShares back in June in a multi-billion dollar deal, it was widely expected that this would give some impetus to the evolution of ETFs both in the US and in the UK. One product that was expected to arrive in the UK was [...]
TARGET YOUR PROFITS WITH SECTOR ETFS October 21, 2009 NIZAM HAMIDHEAD OF SALES STRATEGY, ISHARES EUROPE SINCE the start of this year we have seen assets under management in sector exchange-traded funds (ETFs) overtake the open interest in the futures markets – the net value of all open positions. At the end of September 2009, the total value of assets under management in sector [...]
ECB TALK HAS SLOWED FALL IN THE BUCK October 21, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM THANKS to a healing of risk appetite, a sharp deterioration in the American fiscal position and the perception that US monetary policy will stay loose potentially until the latter part of 2010, further losses could well be ahead for the US dollar. And with euro-dollar rising towards, and potentially through the [...]
Goldman sends LSE shares down despite praise for CEO October 21, 2009 The FTSE 100 was all about the power of the analyst today, with a number of individual movers spurred up or down by words of wisdom from the City’s finest. The London Stock Exchange (LSE) shed 2.2 per cent to close at 914p after Goldman Sachs cut its rating on the stock to “neutral” on [...]
WALL STREET STOCKS FALL ON ANALYST NOTE October 21, 2009 US stocks closed weaker yesterday after an influential bank analyst recommended selling Wells Fargo, while the euro broke above $1.50 for the first time in 14 months on expectations US interest rates will stay low. The Dow Jones industrial average closed 0.92 per cent lower at 9,948.83, after Rochdale Research analyst Richard Bove cut his [...]
If you’re stuck in a rut, you have to be ready to change care%r October 21, 2009 YOU’RE bored, you don’t feel as though your skills are being used properly, your colleagues seem to achieve more than you do, and worst of all, it’s been this way for months. In short, you feel you’ve hit a dead-end in your career. What can you do about it? If you’re in a rut in [...]
BE DEFENSIVE BY TRADING AGRICULTURE October 21, 2009 NICHOLAS BROOKSHEAD OF RESEARCH AND INVESTMENT STRATEGY, ETF SECURITIES DURING the first half of 2009, exchange-traded commodities (ETCs) in industrially-focused precious metals – silver, platinum and palladium – as well as industrial metals all saw rapid rises in inflows as cyclical indicators rebounded. Although recent months have seen outflows in individual industrial metal ETCs, the [...]
A poor economic backdrop will see UK stocks trail their overseas peers October 20, 2009 IT’S hard to be optimistic about Britain’s economy. It lags behind both France and Germany in exiting recession and a sharp contraction in industrial output in September cast doubt over how positive third quarter GDP data – released this Friday – will be. A slow and protracted recovery lies ahead, according to the Bank of [...]
A new world of Tesco-style law for all October 20, 2009 SIX artfully stacked cans of baked beans adorn the desk of the Legal Services Board’s first chairman David Edmonds. This isn’t some clever executive desk toy nor is it evidence of a limited culinary imagination. Instead it’s a playful reference to “Tesco Law”, the shorthand for the ongoing liberalisation of the legal profession under the [...]