WEBER’S EXIT WEIGHS ON THE EURO February 15, 2011 DIRECTOR OF CURRENCY RESEARCH, GFT AXEL Weber’s unexpected resignation from the Bundesbank last week has created a growing sense of unease amongst European investors. Weber, an unrepentant hawk who could ruffle feathers, was considered to be the leading candidate to succeed European Central Bank (ECB) president Jean Claude Trichet. Trichet’s eight-year term will expire this [...]
THE TIPSTER February 15, 2011 THE Turkish Lira has been coming under some additional pressure of late as a result of investor concern over the wider region, but the unwinding of dollar-lira has been ongoing for several months now. The central bank has been cutting interest rates as it tackles a growing trade deficit but inflationary pressures also need to [...]
FOREX ANALYST PICKS February 15, 2011 FOREX STRATEGIST DAVID RODRÍGUEZ My pick: Sell rallies and stay short euro-dollar Expertise: System trading Average time frame of trades: 2-10 weeks The euro-dollar has made a significant turn, and it’s one that I’ve long been waiting for. Our contrarian sentiment indicator shows that the crowds are at their least bearish on euro-dollar, giving the [...]
O Canada – the LSE’s new ally brings a jolt of energy February 15, 2011 Even if you knew little about the Toronto Stock Exchange before last week, the announcement of a planned merger between the London Stock Exchange Group (LSE) and TMX Group, which runs the Toronto exchange, is almost certain to change that. If approved by shareholders and competition regulators, the all-share merger of the two exchanges will [...]
Toronto has more than ore February 15, 2011 Clearly, the planned merger of the Toronto and London stock exchanges makes the main Canadian exchange of great interest to UK investors. That is particularly true for those interested in natural resources, mining, energy and clean technology stocks. Energy and natural resources giants such as Suncor Energy and Canadian Natural Resources are already listed in [...]
CANADA’S STRONG ECONOMY OPENS ITSELF UP TO FOREIGN INVESTMENT February 15, 2011 HEAD OF PRODUCT, BARCLAYS STOCKBROKERS Last week, the London Stock Exchange struck a deal with TMX Group, the operator of the Toronto Stock Exchange. The deal looks likely to reduce costs for users, offer greater levels of liquidity and provide broader access to mining and natural resources stocks. For investors, this is particularly attractive at [...]
FTSE drops as mining rally fails to counter bank jitters February 14, 2011 BRITAIN’S leading share index closed marginally lower yesterday as weaker financials prevailed over a mining rally inspired by upbeat economic data from China. Chip designer ARM Holdings was the top riser, up 6.6 per cent, with traders citing favourable broker comment as the mobile world met in Barcelona. Goldman Sachs said ARM’s management underscored its [...]
US sees small gains on slow trading day February 14, 2011 ENERGY and commodity shares lifted Wall Street to modest gains yesterday, but the lowest volume so far this year indicated the equity rally may be near a top. The Dow Jones industrial average dipped 5.07 points, or 0.04 per cent, to 12,268.19. The Standard & Poor’s 500 Index rose 3.17 points, or 0.24 per cent, [...]
Don’t blame speculators for soaring food prices February 14, 2011 Experts often tell us that retail investors should steer well clear of speculating in the soft commodities market. It’s too risky, they warn, with too many variables for the average private investor to make a fully informed choice. Chuck in a splash of unpredictable weather and a dash of political interference, and it’s all too [...]
GEOPOLITICAL RISK HAS NOT GONE AWAY February 14, 2011 CFD MARKET STRATEGIST, GFT The major US, European and UK stock indices continue to grind higher. Geopolitical concerns have been shrugged aside as investors bet that Mubarak’s departure will lead to a calmer period in Egypt and elsewhere. However, it would be premature to conclude that the intensity of the civil unrest across North Africa [...]
