Production data and election are week’s focus – London Report April 6, 2015 THE EASTER Bank Holiday shortened week will see traders closely tracking the political scene not only in Greece, but also in the UK as the election season kicks into full swing. Acting as a backdrop, economists will be waiting for the latest hard data on industrial production in Britain to gauge the firmness of the [...]
Wall St buoyed by reports hike maybe delayed – New York Report April 6, 2015 EXPECTATIONS that the Federal Reserve could hold off longer on a rate hike pushed stocks higher yesterday, offsetting concerns over Friday’s surprisingly weak jobs report. The jobs report was lower than thought, with data showing US employers last month added the fewest jobs in more than a year. The Dow Jones industrial average rose 117.61 [...]
Buy European stocks – but be quick about it – CNBC Comment April 6, 2015 THE money-printing has begun, equities are surging, buybacks are back, and foreign investors are piling in — but it won’t all be plain sailing for Europe’s stock markets. Thanks to the European Central Bank pumping €60bn a month into the markets under its bond-buying programme, the euro has just had its worst quarter on record [...]
Straightforward ways to reduce stress when trading – Daily FX Tips & Picks April 6, 2015 I’m regularly asked how I reduce stress when trading. A simple solution is to have every angle covered and then to let go. What does this mean? It means that, when trading, we should have a time-tested plan for choosing our entry level, profit target, stop loss, and how much to risk per trade. We [...]
How to unlock creativity as a driver of success April 6, 2015 Most business people are clear that creativity is an essential driver of success. Companies like Apple, Google, Amazon, Facebook, Twitter, Virgin, Tesla, and Uber set the standard that others aspire to achieve. Regular surveys of business leaders rate creativity as the most important characteristic their organisation needs to show. There’s very little disagreement: creativity is [...]
High frequency trading firm Virtu is trying to IPO again April 6, 2015 United States-based high-speed trading (HFT) firm Virtu will be taking a second stab at an initial public offering, after its first attempt was scuppered by the furor over Michael Lewis' "Flash Boys". Virtu revealed plans to raise $314m (£211m), valuing it at nearly $2.6bn (£1.75), in a regulatory filing today. It's one of the biggest [...]
This map shows why the Chinese-led Asian development bank matters April 6, 2015 The Chinese-led Asian Infrastructure Investment Bank (AIIB) has grabbed a whole host of headlines recently. It's nothing new. The plan for a new multilateral development lender has been in the pipeline for 18 months. But the fact that it's received backing from the likes of Britain, France and Italy has ruffled a few feathers. Former US treasury [...]
Oil jumps five per cent to $58.03 after traders stage u-turn over Iran April 6, 2015 Oil is creeping up again. It bounced after traders wound down their expectations for the return of Iranian oil, and data showed that the months-long rise in US crude inventories was finally showing signs of slowing. Brent crude, the international benchmark, climbed five per cent to $58.03 after falling as much as four per cent on [...]
In pictures: Londoners bask in warm weather on Easter Monday April 6, 2015 Londoners luxuriated in a rare spell of warm weather today, ending the so-far cloudy bank holiday weekend. With temperatures rising as high as 16C people flocked to the capital's parks, canals and other outdoor spaces. And St. James's Park in the City of Westminster proved a particularly popular spot for sun-seekers. However, it seems they [...]
Greece bailout: Future looks brighter for struggling economy as Yanis Varoufakis says he’ll meet all obligations to creditor nations April 6, 2015 Greece's economic situation is on the brink of improving slightly, as long as finance minister Yanis Varoufakis sticks to his word. Yesterday, he told the troubled country's creditor nations that Greece intends to “meet all obligations”, and that includes a €450m (£332m) loan repayment due to be made to the International Monetary Fund (IMF) on [...]