More insider trade talk hits markets December 7, 2010 US stocks eked out a small gain yesterday as investors’ enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe. The S&P 500 hit a two-year intraday high after US President Barack Obama cut a deal with Republicans to renew Bush-era tax cuts. [...]
An Alpine refuge from the Eurozone storms December 7, 2010 FOR centuries, Switzerland has been perceived as one of the safest places to store your wealth. Not only does it have a long legacy of a discreet private banking system it has also been successful at keeping inflation under control, promoting economic growth and keeping its fiscal books in order. Consequently, the Swiss franc does [...]
LABOUR DATA WILL BE KEY FOR AUSSIE December 7, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT The Reserve Bank of Australia (RBA) yesterday left its benchmark overnight lending rate unchanged at 4.75 per cent as expected. The RBA noted: “For Australia, the terms of trade are at their highest level since the early 1950s and national income is growing strongly as a result. Over the next [...]
Trading forex: How to keep losses down December 7, 2010 WHILE traders must accept that some losses are inevitable, there are ways to keep them to a minimum. To help you out, we have asked the experts and listed the top five tips here. 1 TRADE AT A SENSIBLE SIZE It is important to trade a sensible amount. To judge this you must consider what [...]
THE TIPSTER December 7, 2010 WITH fractures appearing in the Eurozone’s plans for a unified bond and the US making overtures for further rounds of quantitative easing, traders have been left hunting out safer plays for their money. As such, the Swiss franc is back in favour and the dollar’s drive back towards parity has been short lived. There’s no [...]
FOREX ANALYST PICKS December 7, 2010 FOREX STRATEGIST ILYA SPIVAK My pick: Short euro-US dollar pending Expertise: Global macro Average time frame of trades: 1 week-6 months I took profits on the short euro-dollar position opened at $1.3762 in mid-November after prices blasted through resistance at $1.3280, the 23.6 per cent Fibonacci retracement of the 4-30 November fall. I suspect some [...]
Get out your pith helmet and start building railways, roads and ports December 7, 2010 AT THE end of the 19th century, British investors were funding railways throughout India and across South America, telephone cables underneath the Atlantic and gold mines in the South African Transvaal. In the first great age of globalisation, the most important thing was to build infrastructure, only after which could trade follow. That is as [...]
FUND MANAGEMENT NEWS December 7, 2010 S&P RATE GLOBAL 10 LARGE CAP FUND S&P Fund Services announced yesterday that it had given the Global 10 Large Cap Index Fund an A rating. Global Investment House’s Ammar Talib Hajeyah runs the fund, which is one of the oldest and largest funds in the Gulf Cooperation Council (GCC). S&P said that the manager’s [...]
Receding fears over Eurozone debt levels hand FTSE a boost December 6, 2010 BRITAIN’S top share index closed higher yesterday, buoyed by oil stocks after crude reached a two-year peak, while banks fell on fears over Eurozone debt as EU ministers met to discuss ways of preventing debt contagion. The FTSE 100 ended up 24.96 points, or 0.4 per cent, higher at 5,770.28, for its highest close since [...]
Bernanke’s caution worries Wall Street December 6, 2010 US stocks ended little changed yesterday, held in check by worries about Europe’s debt crisis, which frustrated investors looking for a reason to take shares to new highs for the year. Germany rejected a call for Eurozone finance ministers to increase the size of a €750bn safety net for debt-stricken members. A decline in the [...]
