FOREX ANALYST PICKS March 22, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short Aussie dollar-Canadian dollar (Ca$0.9700); long euro-yen Expertise: Fundamental and Technical Analysis with Risk Management Average time frame of trades: 1 day to 1 week The fallout from the worst Japanese earthquake in history certainly had its impact on risk trends through volatility, but follow through on positioning rebalancing [...]
Three hawks doesn’t make a rate change March 22, 2011 STERLING broke through $1.63 yesterday on the back of CPI inflation coming in higher than expected. Investors are anticipating that the Bank of England will have to raise interest rates sooner than previously expected. However, despite the Bank of England’s obligation to target 2 per cent, and the growing chorus of experts judging that they [...]
HOW TO KEEP YOUR TRADES IN HARMONY March 22, 2011 CONSULTING ANALYST, INTERTRADER THE definition of harmony is a pleasing combination of elements in a whole. My mentor Bryce Gilmore taught me harmony in the markets. There was no course book, and no papers to read. It was night after night going over the day’s charts, pointing out the harmony in the day’s price action. [...]
Upbeat engineers and banks drive FTSE 100 to 1.2pc gain March 21, 2011 MINERS, banks and engineers drove gains in Britain’s top share index by the close yesterday as hope grew that the nuclear crisis in Japan is easing, while heavyweight Vodafone was boosted by M&A activity. The FTSE 100 closed up 67.96 points, or 1.2 per cent, at 5,786.09, its third straight session of gains. The index [...]
US markets end up as Japan fears ease March 21, 2011 BUYERS emerged in US stocks yesterday, enticed by the biggest proposed merger of the year, though crises in Japan, the Middle East and North Africa meant market volatility would continue. The bulls have held the upper hand for three days, as the S&P 500 has put together its best three-day run since early December. The [...]
Betting on the Budget March 21, 2011 IT’S Budget week, the Wimbledon of financial news, so will the Chancellor’s announcements be champagne and strawberries for CFD traders, or “new balls, please”? Unless the Chancellor of the Exchequer takes leave of his senses, the tax free status of spread betting is not going to be under threat. At the same time, the capital [...]
WE CAN’T TELL HOW BAD IT IS GOING TO GET March 21, 2011 CFD MARKET STRATEGIST, GFT The tragic consequences of the earthquake and tsunami that hit Japan over a week ago continue to reverberate, with the terrible human cost now becoming apparent. The situation has been made much worse by the uncertainty that surrounds the severity of the damage to the Fukushima nuclear facility. The initial panic [...]
Fukushima blow will not prevent nuclear future March 21, 2011 IN THE immediate aftermath of the Fukushima Daiichi nuclear power plant crisis, apocalyptic fears proliferated across the globe. Despite the panic that always accompanies nuclear incidents, the world’s growing energy needs will not disappear: nuclear is a solution that will not go away. The nuclear industry has been seriously set-back by this disaster. Uranium dropped [...]
THE TIPSTER March 21, 2011 SPECIALIST engineering group Smiths is expected to deliver solid interim results on Wednesday, on the back of ongoing cost-saving efforts. After hitting all-time highs around 1,440p early in 2011, the shares slipped back to around 1,250p. With Smiths seen as a target for break-up bidders, look for dips back around 1,250-1,300p to buy some CFDs. [...]
Nuclear risk threatens supply chain March 20, 2011 With nuclear uncertainty hanging over Japan, supply chains reliant upon technological components made there have been severely disrupted. Japanese exporters have suffered, while companies reliant upon the country are weighing up their exposure and searching out alternative suppliers. These are uncertain times for technology companies across the world. Sony, Hitachi, Fujitsu, and many other Japanese [...]
