Trading your charts for the fundamental view May 30, 2011 REAL-TIME prices can provide fundamental insights hard to find by just studying the charts. For instance, you may have noticed that the equity markets are playing the “risk on, risk off” game continuously at the moment. If you haven’t, then it’s something you should know about. Catching the swings in the equity markets relies on [...]
SELL IN MAY AND GO AWAY STILL HOLDS May 30, 2011 EARLIER this month, the FTSE 100, German Dax and major US stock indices were trading at multi-year highs. They all hit levels last seen when the financial crisis took hold in early 2008. But these indices have struggled over the past few weeks, pulling back around 3 to 5 per cent. This could be a [...]
Five key barometers that every trader of CFDs should monitor May 30, 2011 WHATEVER you plan to trade, David Morrison, CFD market strategist for GFT, suggests these five indicators to help gauge market conditions. 1. DOLLAR INDEX Since 1973, this index has tracked the strength of the dollar against a basket of other major currencies, including sterling, yen and the Swiss franc. Benchmarked initially at 100, it has [...]
THE TIPSTER May 30, 2011 COPPER miner Antofagasta rose nearly £2 last week in anticipation of their quarterly figures. Revenues were up 30 per cent to March on the back of rising copper prices. Although the red metal has fallen from its record high in the first quarter, there are still concerns over short supply. The stock is also not [...]
Strong miners give FTSE a boost May 26, 2011 STRENGTH in heavyweight mining stocks helped Britain’s top share index edge higher yesterday, countering slippage by banks on Eurozone debt concerns. At the close, the FTSE 100 was up 10.9 points, or 0.2 per cent at 5,880.99, well below a morning spike above the psychologically important 5,900 level to 5,910.77. “The overall impression … is [...]
Choppy US trading gives gains May 26, 2011 US stocks rose for a second day yesterday in a choppy session, with technology and consumer discretionary stocks leading the way after upbeat earnings. Sellers crowded around the S&P 500’s 50-day moving average for a third day. The level, now just above 1,328, is gaining strength as technical resistance and could prevent any rebound in [...]
Banks lead the FTSE to small gains as traders eye Eurozone May 25, 2011 BRITAIN’S top shares edged higher yesterday, led by banks on bargain hunting, but the prevailing mood was cautious with some analysts and traders pessimistic about the long-term prospects for equities. The FTSE 100 ended up 11.73 points, or 0.2 per cent, at 5,870.14 helped by some sense of relief that there was no deterioration in [...]
Energy shares help Wall St close higher May 25, 2011 US stocks ended a three-day losing streak yesterday as recent underperformers led a thinly traded rally that wasn’t seen as strong enough to overcome worries about waning global demand. The S&P 500 hit its lowest intraday level since 19 April on Tuesday, and recent weak breadth suggested selling had gone too far for now. Energy [...]
Top tips for keeping the taxman out of your pocket May 25, 2011 BASED upon the latest government forecasts, the Adam Smith Institute is predicting Tax Freedom Day – the notional day when you stop working for the taxman and start filling your own coffers – will fall on Monday, making it three days later than last year. Fidelity International has translated this into the fact that basic [...]
How a career coach can take you that extra mile May 25, 2011 NOBODY thinks twice about sportsmen having coaches. Why shouldn’t business people do the same? They’re expected to be high-performers too,” says Olympic silver medallist Roger Black, who set a national sprinting record in 1996. Fellow Olympian and world record-breaker Steve Backley agrees: “A businessman has the same goals, they want a long sustainable career too.” [...]
