The essential dates for the diary of every forex trader March 15, 2011 THE US Federal Reserve announced yesterday evening that it would be making no changes to its $600bn Treasury bond purchase program and would not be making any alterations to its interest rate. The Fed made no reference to the crisis in Japan, however its predictable continuation of its current interest rates will maintain the pain [...]
THE TIPSTER March 15, 2011 AT TIMES of worry, investors will naturally flock to safe havens and this explains the rise in the Swiss franc. Japanese stocks saw the worst two-day decline since 1987, brought on by the combined events of the tsunami, earthquake and now the radiation leak. This encouraged investors to pile in to the Swiss franc and [...]
They stand united, but they will fall divided March 15, 2011 SUCCESS was declared at the weekend, as European politicians came to an early agreement on increasing the size and scope of the European Financial Stability Facility (EFSF). In response, the euro rose 0.7 per cent against the dollar on Monday to $1.40, while yields have fallen in the peripheral bond markets of Greece and Ireland. [...]
TRADE TRENDS IF MOMENTUM TAKES A LOSS March 15, 2011 CONSULTING ANALYST, INTERTRADER A DEAR child has many names. The strategy below is called “lost momentum” in my vocabulary, but it no doubt has other names too. It is in essence a form of trend following strategy. INGREDIENT NO. 1: DEFINE THE TREND I recommend using a simple or exponential moving average (MA) of more [...]
Around one fifth of senior finance roles are held by women: it is still far too few March 15, 2011 HEAD OF ACCA UK LAST Tuesday was International Women’s Day, the hundredth International Women’s Day, to be precise. Did you notice? Did it matter? There are, after all, multiple “days” recognised throughout the year. I hope you’ve all got World Post Day (9 October) and World TV Day (21 November) in your diaries too. Both [...]
FTSE hits a three-month low as Japanese disaster deepens March 14, 2011 THE FTSE 100 share index hit a fresh three-month closing low yesterday, with some sectors seen vulnerable to further falls as the extent of the damage in Japan after the earthquake and tsunamis becomes clearer. Luxury goods firms such as Burberry Group and insurers including Aviva and Catlin Group were among the top fallers as [...]
Wall Street suffers in quake aftermath March 14, 2011 US stocks fell in the wake of Japan’s devastating earthquake yesterday, but other than specific industries such as nuclear power, the broad impact on equities was expected to be short-lived. Trading volume was unusually low compared with other sell-offs, coming in at 7.68bn shares traded on the New York Stock Exchange, the American Stock Exchange [...]
Uncertainty hangs over Japan in wake of quake March 14, 2011 THE Great Kanto earthquake struck Japan in 1923, killing over 100,000 people. In consequence, one day every September, children train for the next earthquake. Tragically, last Friday that training was once again put to use. On Monday, the Nikkei index slumped 6.18 per cent, with the prospect of further falls over the coming days. Sentiment [...]
GOLD REMAINS THE ULTIMATE SAFE HAVEN March 14, 2011 CFD MARKET STRATEGIST, GFT LAST week brought up a host of challenging issues for investors which seem likely to build in intensity, at least in the short-term. The terrible earthquake and tsunami which hit Japan on Friday has added to nervousness leading to a general loss of risk appetite. The sell-off in equities, the surge [...]
Events in Japan decide nuclear option’s future March 14, 2011 SINCE the impact of the earthquake that hit Japan last week, and the devastating effects of the tsunami that followed in its wake, the Japanese central bank has been throwing yen by the trillions into the economy to try and mitigate the disaster’s effects. At the same time, the government has taken a similar interventionist [...]
