Peking over the top of China’s Great Currency Wall March 29, 2011 THOUGH there is constant talk of China’s rise, currency investors often find themselves frustrated by the apparent wall between them and the Chinese currency. However that doesn’t mean that those wishing to take a position on China’s currency, the renminbi (RMB) are without options. On first inspection, the Chinese currency seems as rigidly controlled as [...]
FOREX ANALYST PICKS March 29, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar, long euro-yen, short sterling-dollar Expertise: Fundamental and Technical Analysis with Risk Management Average time frame of trades: 1 day to 1 week My short Australian dollar-Canadian dollar wouldn’t keep traction from last week as the market-wide risk aversion effort was snuffed out by the rebound in Japanese [...]
THE TIPSTER March 29, 2011 THE dollar is continuing to regain lost ground against the yen, eyeing a move back above ¥82.00, which hasn’t been sustained since the wider implications of the earthquake and tsunami were priced into the market around two weeks ago. The repatriation risk for the yen still needs to be taken into account, but coordinated central [...]
Don’t let builders be the only beneficiaries March 28, 2011 Housebuilding companies have rallied since news in last week’s budget that £250m would be made available to help first time buyers get onto the property ladder. Dubbed Firstbuy Direct, the scheme will give those below a certain income threshold access to a 25 per cent equity loan to cover the deposit on a new home. [...]
INDICES RISE BUT SO DOES UNCERTAINTY March 28, 2011 CFD MARKET STRATEGIST, GFT IT HAS been just over two weeks since Japan was hit by a devastating earthquake and tsunami, yet most major stock indices are already trading back at pre-crisis levels. This is despite the huge reconstruction costs faced by the country which have been estimated to be anywhere between 4 and 16 [...]
Stop losses are indispensable to limit CFD trading risks March 28, 2011 UNLESS you have the risk appetite of the American daredevil Evel Knievel, you would be foolish not to use stop losses on your CFD trades. In volatile market conditions you ought to go one step further and set guaranteed stop losses. It is also important not to set stop losses too tight, while it makes [...]
THE TIPSTER March 28, 2011 HOTEL and restaurant operator Whitbread has been on the up since last week with high expectations for their annual figures to March. Annual profits are suggested to come in at £279m, which is up from £208m last year. With the dividend expected to be increased to 42p, the company appears to be moving in a [...]
Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]
Marriott’s warning sparks retail fears March 28, 2011 US stocks fell yesterday as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year. A warning from hotel operator Marriott International hurt hotel and other consumer shares, amid expectations of other negative corporate earnings pre-announcements. “Corporations now have several excuses [...]
Strong data should keep stocks heading higher March 27, 2011 AFTER their biggest weekly gain for six months, European stocks could well press even further ahead on this morning’s open. In out-of-hours trading, GFT is forecasting the UK’s FTSE 100 index to open up 12 points from Friday’s close at 5,912. The German DAX is quoted to open up 14 points at 6,960 and the [...]
