THE TIPSTER May 31, 2010 STERLING-US dollar has been well-supported of late on fears that Prudential’s planned purchase of AIA could collapse. A large currency hedge shorting cable was put in place some months ago when the deal was first agreed and if it falls over, the hedge will come off, sending sterling-US dollar higher. While highly speculative, traders should [...]
SPREAD BET GURU May 31, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, what does a hike in capital gains tax mean for spread betters? A. We don’t yet know what will be announced in the emergency budget on 22 June, but the good news is that even if there is a hike, this should make no difference to spread betters. Suggestions [...]
Going away in May is a short-sighted strategy May 31, 2010 YOU would think that old wives’ tales and the like have little place in the markets of the 21st century. But recent research by Standard & Poor’s Indices has shown there is more than a grain of truth in the old City trading floor adage of “sell in May and go away, stay away till [...]
UNRESOLVED ISSUES CAUSE HEADACHES May 31, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT MOST investors will be relieved to see the back of May and hope that June will usher in greater market stability and lower volatility. The last month has been a shocker, with only the relief rally at the end of last week ensuring that major indices avoided a fall [...]
Switzerland is appealing, but avoid the banks May 31, 2010 SWITZERLAND’S economy is the one light in an otherwise gloomy Europe. It was one of the more stable economies during the downturn, growth in unemployment is slowing, and last week the Organisation for Economic Co-operation and Development (OECD) increased its growth forecast for the country to 1.8 per cent for this year. The OECD argues [...]
CFD ANALYST PICKS May 31, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Long FTSE 100 at 5,000 Expertise: Technical analysis Average time frame of trades: 5-10 days We had to wait the entire week, but our counter-trend long recommendation on the FTSE was finally triggered on Friday, with the market dropping to our entry level of 5,000. However, it then bounced [...]
Dust off and scrub up for summer sun May 31, 2010 FOR HIM MAN-ICURES AND PEDICURE, Nail Girls Men may balk at going to a place called Nail Girls to get their tootsies in ship shape for sandal-wearing, but the sisters at this super-cute – and yes, a little bit girly – shop off Upper Street have just the thing for a well-groomed man. Man’s mani [...]
I can see (very very) clearly now May 31, 2010 LASER CORRECTIVE SURGERY WITH DAVID GARTRY AT MOORFIELDS EYE HOSPITAL ITHOUGHT laser corrective surgery had long since become old hat when I had it done three weeks ago. But when I explained to people why my eye was a bit bruised-looking on Monday after the Saturday procedure, I was met with fascination. “What was it [...]
NYC sends a slice of Gallic heaven May 31, 2010 Bar Boulud Mandarin Oriental, 66 Knightsbridge, SW1X 7LA, tel: 020 7201 3899 Cost per person without wine: £45 THE name Daniel Boulud is a huge deal in New York, where everything is either a huge deal or offensively passe. The Lyon-born chef’s cluster of Manhattan eateries has managed to remain on the “huge deal” side [...]
TASTING NOTES: THE EL BULLI OF COCKTAIL BARS TURNS ONE May 31, 2010 TODAY is the first anniversary of 69 Colebrooke Row, an Islington bar. Hardly a shocking statement. But when you consider the bar in question, it starts to become a good deal more interesting. The brainchild of super-mixologist Tony Conigliaro (right), 69 Colebrooke Row is the El Bulli of cocktails. It has the only drinks laboratory [...]
