Eurozone at risk of deflation shock as ECB mulls its options February 24, 2014 Traders still expect policy action next week, but not all disinflation is seen as a problem for the single currency Yesterday’s upward revision to January’s Eurozone inflation reading did little to calm the nerves of those worried about a possible slip into Japanese-style deflation. The harmonised index of consumer prices (HICP) was revised up from [...]
CNBC Comment: G20 optimism clouded by fishy growth target February 24, 2014 THE GATHERING of the G20 group of finance ministers and central bankers in Sydney has now wrapped up. Often criticised for comprising too many nations and acting as little more than a talking shop, the G20 has sought to free itself of this image with a communiqué announcing its aim of boosting world GDP by [...]
DailyFX Tips & Picks: How to profit from the London FX volatility breakout February 24, 2014 LIVING in London has considerable value for foreign exchange traders. While the FX market is truly global, its heart and soul still reside in London. An estimated 30 to 35 per cent of foreign exchange flows transact during the London trading session, and this amount of liquidity can have numerous benefits for the trader. The [...]
DailyFX Tips & Picks: Analyst’s pick February 24, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar above $1.3770, short below $1.3680; watching euro-yen Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks Our attention is now more focused on the euro. It has proved resilient in 2014, despite deflation fears. But with [...]
Racing ahead of the competition February 24, 2014 Bentley unveils its Continental GT upgrade, a car that brings a touch of high-end British class to motor racing BENTLEY is returning to motor racing this year. But rather than creating a fancy prototype for the job, its comeback will be in a chunky Continental GT, a car that’s been purring around the City for [...]
Not convinced? February 24, 2014 CHECK OUT THESE ALTERNATIVES… ASTON MARTIN DB9 PRICE: £135,521 0-62MPH: 4.6 secs TOP SPEED: 183mph CO2 G/KM: 333g/km MPG COMBINED: 19.8mpg THE VERDICT: DESIGN Four Stars PERFORMANCE Two Stars PRACTICALITY Two Stars VALUE FOR MONEY One Star MERCEDES-BENZ SL 63 AMG PRICE: £110,785 0-62MPH: 4.3 secs TOP SPEED: 155mph (limited) CO2 G/KM: 231g/km MPG COMBINED: 28.5mpg THE VERDICT: DESIGN [...]
Chelsea won Euro title so why can’t we, says Rooney February 24, 2014 MANCHESTER United striker Wayne Rooney believes attaining a second Champions League winners medal is not beyond his troubled side this season and has cited Chelsea’s 2012 triumph as their inspiration. United resume their European campaign at Greek champions Olympiacos for the first leg of their last-16 tie tonight, having suffered embarrassing exits in both domestic [...]
Redknapp defends QPR league position and denies sacking talk February 24, 2014 UNDER-FIRE Queens Park Rangers manager Harry Redknapp has dismissed suggestions that his job is on the line as the club’s bid to return to the Premier League at the first attempt threatens to unravel. Saturday’s late defeat to London rivals Charlton was a third loss in a row and has left Rangers in fourth place, [...]
Gutsy Dubuisson wows McGinley February 24, 2014 EUROPEAN captain Paul McGinley has backed Victor Dubuisson to be an asset in the crucible atmosphere of the Ryder Cup following the French rising star’s sensational recovery shot masterclass. Dubuisson, 23, drew breathless praise from golfing greats Gary Player and Tom Watson with two jaw-dropping shots from among the briar and cactus during Sunday’s ill-fated [...]
Barca pay £11m but deny fraud February 24, 2014 SPANISH champions Barcelona paid a voluntary £11.2m in tax to authorities yesterday, despite maintaining there was no wrongdoing when Neymar was signed from Santos last summer. It is alleged Barcelona, who declared in June they had completed a £48.6m deal to sign the Brazil forward, had in fact incurred far greater costs and last week [...]
