Banks lead stocks higher November 8, 2011 US STOCKS closed higher yesterday for a second day in a row as late-day news about Europe sparked an afternoon rally that erased early weakness. Italy’s president said Silvio Berlusconi, the country’s prime minister, would resign after a new budget law was approved. Equities had hoped for a resignation, which is seen as clearing the [...]
Get the skills by signing up to trading school November 8, 2011 WITH the current volatility in the forex markets, many who have been relying on fundamental analysis for their FX trading may find themselves struggling. But fear not. There are trading seminars like this morning’s on binaries from GFT (www.gftuk.com) that can really improve your skills. Here we have a non-exhaustive round up of the offerings [...]
INTERVENTION FROM THE SNB HAS LIMITS November 8, 2011 ONE currency pair staged a wild rollercoaster ride this week, rising 40 points in a matter of seconds only to fall 100 points a few minutes later as markets reacted to every headline to hit the screen. If you think I am referring to the euro-dollar, I am not. The cross in question is euro-Swiss [...]
FOREX ANALYST PICKS November 8, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short sterling-dollar; short dollar-yen below ¥78.00 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week We witnessed an incredible swing in risk trends preventing both my sterling-yen and Aussie-dollar setups from triggering. The dollar-Canadian dollar managed to hit the Ca$0.9970 short, but [...]
Dollar dented but not depressed November 8, 2011 FAIR FX RISHI PATEL Activity in the US has clearly been overlooked, as the chaos in the Eurozone takes the limelight. 2011 has been one of the more difficult years for macro trading, with the US economy so far managing to avoid heading back into recession. Early in the month we saw the release of [...]
Creating Jobs: The story of his supreme trials November 8, 2011 STEVE Jobs was unrivalled in his ability to channel the zeitgeist of a generation. Through his myopic attention to perfection and grand visions, directed under his iron grip, Jobs took Apple – after being previously pushed out – from the verge of bankruptcy to become the biggest company in the world. If you crave to [...]
FTSE ends in the red based on soaring Italian debt costs November 7, 2011 BRITAIN’S blue-chip share index fell yesterday as political turmoil in Italy sparked fears the Eurozone’s largest debtor may fail to deliver much-needed economic reforms. The FTSE 100 ended down 16.34 points, or 0.3 per cent, to 5,510.82, with banks weighing the most as investors positioned for months of continued uncertainty on the euro front and [...]
Wall Street edges up in choppy day November 7, 2011 US stocks closed a volatile, lightly traded session slightly higher yesterday, with sentiment continuing to shift with the latest headline from Europe. Wall Street spent most of the session lower before rebounding after Juergen Stark, a member of the European Central Bank’s Executive Board, said the region’s debt crisis might be overcome in “one or [...]
UK’s economic outlook reveals unsightly view November 7, 2011 ACCOUNTANCY firm BDO joins an ever-growing group warning that the UK’s economy is on the cusp of recession. In its latest business trends report, optimism levels came in below the crucial 95.0, for the first time since July 2009, for both the manufacturing and services sectors. BDO partner Peter Hemington says: “Businesses’ hiring intentions point [...]
GREECE SKIRTS SLIP AS EYES ROAM TO ITALY November 7, 2011 YESTERDAY saw the removal of some of the political uncertainty that has dogged Greece over the past week. A new coalition government is to be formed, Papandreou is standing down as Prime Minister and a general election is expected early next year. All this should be enough to ensure that Greece receives its next bailout [...]
