Analyst picks for 14 May 2012 May 14, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Long euro-yen at ¥0.805, stop on a ¥0.7950 daily close Expertise: Technical analysis Average time frame of trades: 1 day to 1 week The cross rate has now accelerated to fresh yearly and multi-month lows, leaving daily studies well stretched and in serious need of a major corrective bounce. [...]
Two weeks to go: Buy your ticket for City A.M.’s trading conference May 14, 2012 Q What is your trading background? A Rakesh Shah started off in 1995 servicing hedge funds by setting up margin FX trading at investment banks. Emilio Tomasini, a quant trader since 1992, set up the biggest real money trader championship in Italy. Now at Kingly Capital, we trade systems for Algo Flex, a listed Sicav [...]
EURO TROUBLES MEAN THE US COULD OFFER A SAFER HAVEN May 14, 2012 INSIGHT IG MARKETS ELECTIONS in the Eurozone sparked a bout of severe risk aversion last week, as the possibility of a Greek exit from the single currency suddenly looked more likely than it has for some time. As had been expected, no party won an overall majority in Greece, and there were heavy losses for [...]
Stop loss tools are indispensable as a way to control risk May 14, 2012 CONTRACTS for difference (CFDs) and spread betting require a strong stomach for risk. They are both leveraged products that allow traders to make predictions on the movements of thousands of live markets. As only a fraction of the total value of the contract is paid up-front, profits can climb to many times an initial stake. [...]
WALL STREET WEEK AHEAD May 13, 2012 MORE volatility could be in store for US stocks this week as investors grapple with less certainty about the US economic outlook and a new blow to the financial sector after JP Morgan Chase’s trading loss. Europe is expected to keep investors jumpy as well, with inconclusive results from the recent Greek election and the [...]
LONDON REPORT May 13, 2012 THIS week will see a string of stormy annual meetings, which will be closely watched for signs that the “shareholder spring” is taking hold. The market is also due to digest some key earnings reports on Thursday and Facebook’s long-awaited US float on Friday. However, today looks set to be relatively quiet on the corporate [...]
Ex-slickers cooking up a storm May 13, 2012 Poncho 8 FOUNDERS Nick Troen (formerly a consultant at KPMG); Frank Yeung (formerly a trader at Goldman Sachs); Nick Birkett (formerly an investment analyst at BlackRock). BUSINESS The first Poncho 8 in Spitalfields opened in September 2009 with the aim of being the first of a fast-casual Mexican chain. www.poncho8.com WHY DID YOU LEAVE THE [...]
The ongoing challenge of untangling the business of bra straps May 13, 2012 I AM inspired by new products and ways of doing things – what is called “disruption”– and this led me to meeting Nigel Coole, an inventor. “Think back Richard, to when you were a teenager fumbling around on a date and got lucky enough to undo a bra. Do you remember the struggle and embarrassment [...]
Let’s get this food truck on the road May 13, 2012 ALTHOUGH not famed for its native cuisine, London has profited from its openness to outside culinary influences, allowing the capital to punch above its weight. Food is big business – the hospitality industry employs around 2.5m people in the UK. But times change. If London wants to keep up it must embrace innovation – including [...]
Insurance is not for life – shop around May 13, 2012 APART from taxes, there is nothing as certain as the grim reaper’s eventual scalp. It’s a depressing fact to contemplate on a Monday morning, but it must be faced at some time as it’s a vital consideration for anyone with dependants. Ben Smaje, managing director at Kennedy Black Wealth Management says “the first thing you [...]
