FOREX ANALYST PICKS July 12, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Remain short sterling-dollar and short euro-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Volatility has picked up to start this week, but it has only helped the setups I had from last week. The dollar-Swiss franc short from SFr0.8500 has [...]
Global recovery fears hit banks as they lead the FTSE lower July 11, 2011 CONCERNS over Europe’s debt crisis and the global economy sent Britain’s top shares sharply lower yesterday, leaving investors anxious for a strong earnings season to kick-start further buying of equities. The UK benchmark index ended down 61.42 points or one per cent at 5,929.16, its lowest close since 29 June, extending a 1.1 per cent [...]
Wall Street stock hits month’s low July 11, 2011 US stocks suffered their worst day in nearly a month yesterday as concern about the stalemate in US budget talks and growing debt problems in the Eurozone prompted investors to hedge against further losses. The S&P 500 dropped nearly 2 per cent on concerns that Europe’s debt crisis would spread to Italy. European officials were [...]
China’s economy looks to be on shaky ground July 11, 2011 INFLATION in China hasn’t been tamed. Statistics released at the weekend suggest annual inflation for June is running at 6.4 per cent, up from 5.5 per cent in May; while food inflation for June shot up 2.7 per cent on the month to 14.4 per cent. Tomorrow, China will release its GDP statistics, which are [...]
EQUITIES END THEIR RALLY ON BAD DATA July 11, 2011 GLOBAL stock indices have proved to be extremely resilient over the last couple of weeks, despite the uncertainties which continue to cloud the economic outlook. This strength has confounded many of us who thought that equities would struggle to make progress once the US Federal Reserve’s $600bn asset purchase programme concluded at the end of [...]
Stocks to bounce back despite US jobs fright July 10, 2011 THE FTSE is expected to climb back up above the 6,000 level this morning, after US stocks staged a rebound from the lows on Friday when stock markets globally were hit by the dismal jobs data. Just 18,000 new jobs were created in June, compared to analyst expectations of anything up to 175,000. The FTSE [...]
WALL STREET WEEK AHEAD July 10, 2011 WALL Street heads into earnings season this week playing a typical game: worrying about results a lot, and then rallying on pleasant surprises. Analysts have been lowering earnings estimates of late and nervousness about the US economic picture abounds, especially after Friday’s poor June jobs report. However, profit growth could still be strong in the [...]
Taking a position on US jobs, rate hikes and Euro-geddon July 10, 2011 SPREAD betting has changed the way that retail clients can get exposure to financial markets, and spread bet providers are constantly coming up with new ways to allow easy access to an ever increasing range of markets. Though forex, commodity and equity markets can give you access to most market movements, here are three offerings [...]
THE WEEK AHEAD in association with GFT July 10, 2011 COMPANIES ● Today, Michael Page International delivers its second quarter trading update. The company was formed in 1976 by Michael Page and Bill McGregor. ● On Wednesday, Sainsbury holds its AGM. On the same day Marks & Spencer will report. It will be hoping for not just ordinary results, but… ● Also on Wednesday, J [...]
THE TIPSTER July 10, 2011 THE majority of global equity markets are fast approaching year to date highs, but the story doesn’t hold true in Italy. The Eurozone sovereign debt worries certainly aren’t going away, Italian banks are struggling and the Mib has dropped over 6 per cent during the last week. Add to the mix the fact yields on [...]
