Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Smashing through the floor: traders test the Swissie peg January 31, 2012 IN SEPTEMBER last year, the Swiss National Bank (SNB) intervened in the euro-Swiss franc in an attempt to cool the overheating of the franc. At the time of the move to put a floor under the euro-Swiss franc exchange rate at SFr1.2000, the then-SNB chairman Philipp Hildebrand announced that the central bank was prepared to [...]
THE TIPSTER January 31, 2012 IT SEEMS sterling-dollar may give itself enough cable to hang itself at the $1.5780/90 level again – an area where it has met resistance several times over the past 12 weeks. Sterling has also seen around 10 consecutive days of gains against the greenback. Should the resistance level break convincingly to the upside then the [...]
Aviva to cut jobs in fund management January 30, 2012 INSURER Aviva will shed 160 staff from its fund management business, with London suffering the bulk of the cuts, after deciding to focus its efforts on “core” operations. Around 12 per cent of Aviva Investors’ global workforce will lose their jobs during 2012 as the firm cuts niche investment products following poor demand for riskier [...]
Banks and miners hit by Greek jitters January 30, 2012 WEAKNESS in banks and commodity stocks dragged Britain’s leading share index lower yesterday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous. The FTSE 100 index closed down 62.36 points, or 1.1 per cent, at 5,671.09, extending Friday’s falls and retreating further from Thursday’s six-month closing high. [...]
US stocks falter on worries over euro January 30, 2012 US stocks edged lower yesterday on stalled Greek debt talks, but an afternoon rally cut losses in a sign of the underlying resilience the market has shown early in the year. Major indexes had fallen more than one per cent as negotiations between the Greek government and private bondholders over the restructuring of €200bn of [...]
Technological change drives better trading January 30, 2012 THE latest foray in the ongoing battle of technology that has griped retail trading since the invention of the internet comes from IG Index. As part of its shiny new Insight portal, it is releasing details of its clients’ net positions (see right for an example of the information now available). More information and collaboration [...]
THE EURO IS VULNERABLE TO A SELL-OFF DURING THE WEEK January 30, 2012 SINCE the start of the year the euro has surprised many market participants by staging a vicious short covering rally that has added more than 500 points to the pair over the past two weeks. There were three key reasons for the euro’s recent strength. First and foremost, the Eurozone credit markets have become markedly [...]
THE TIPSTER OMAHA’S ORACLE FEASTS AT THE BARGAIN BUFFET January 30, 2012 THE shares of Tesco plunged in mid-January after the retail giant announced an unexpected fall in Christmas sales. The sell-off took the price down through support at 350p and also broke the long-term up-trend. News that Warren Buffett increased his holding to 5 per cent from 3.2 per cent helped to lift the shares, but [...]
Analyst picks for 31 January 2012 January 30, 2012 STRATEGIST JOHN KICKLIGHTER My pick: Short S&P 500 below 1,300 Expertise: Fundamental and technical analysis with risk management Average time frame of trades: 1 day to 1 week We have kept the capital markets afloat for months on the expectation that policy officials are willing to feed moral hazard and inject stimulus whenever investors are [...]
Timing your trading to perfection January 30, 2012 IF you’ve ever sat and tried to trade on a thin, illiquid day, you’ll know just how important it is to think about what time of day you trade. As part of your trading strategy, it is important to consider how much market activity happens at certain times – greater volume helps to drive trends [...]
