Strong dollar should be seen as a warning September 27, 2011 THOUGH yesterday saw a broad market rally, it was a tiny chink of light in an otherwise dark tunnel for the economy. The ongoing Eurozone debt crisis and the seeming inability of anybody involved to take hold of the situation with a credible plan for managing the fallout of an inevitable Greek default has driven [...]
POUND COULD SUFFER FROM EU FALLOUT September 27, 2011 RECENTLY the focus in the FX market has been squarely upon the euro, while trading in cable has been uncharacteristically quiet. While the euro has tumbled as European officials desperately try to contain the growing credit crisis in the region, sterling has remained relatively steady. Amazingly enough the pound has become a safe haven play, [...]
THE TIPSTER September 27, 2011 ONE of the FX pairs hit the hardest from dollar strength and the commodities sell-off over the past week has been the Australian dollar-dollar pair. The Aussie tumbled over 6.5 per cent to lows of $0.9623 last week, but since then has recovered steadily as the US dollar rally takes a breather. It may struggle [...]
FOREX ANALYST PICKS September 27, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar $1.3400 and sterling-dollar below $1.5300 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week This past week the markets delivered a major shock to risk trends. The opportunities this development produced were substantial. In this move, my Aussie-yen and Loonie-yen [...]
The latest in Mini’s adventure September 27, 2011 IF you’re not a Mini fan look away now. The relentless march of the Mini brand has taken a further step towards automotive world domination with the introduction of its fifth model in the mini lineup, the Mini Coupé. According to the marketing guys at Mini, a two-seater Mini is just what the world needs. [...]
CAR TALK September 27, 2011 TOYOTA’S PRIUS PLUG-IN HYBRID Toyota’s new Prius Plug-in Hybrid will cost less than £31k when it goes on sale next year. The car has an electric (EV) driving range of more than 14 miles, CO2 emissions of 49g/km (combined) and a claimed potential fuel economy of 134.5mpg. The Ultra-Low Carbon Vehicle grant scheme could possibly [...]
Retail sales hit 16-month low September 27, 2011 British retail sales weakened at their fastest pace in 16 months in September and stores expect little improvement in October as squeezed consumers clamp down on spending, a survey by the Confederation of British Industry showed on Tuesday. The CBI distributive trades survey’s retail sales balance edged down to -15 in September from -14 in [...]
World stocks bounce back on Eurozone hopes September 27, 2011 The FTSE 100 tracked gains in Asia overnight as the mining sector – which has taken a battering over world economic growth fears – bounced back. World stocks rose for a third straight session with European shares up two per cent early on, as investors took comfort from reports that officials were working to add [...]
M&B sales growth slows September 27, 2011 British pubs & restaurants group Mitchells & Butlers reported slowing sales growth in the fourth quarter, giving prospective suitor Joe Lewis more ammunition to stake his claim. The group, which has rejected two approaches from the billionaire currency trader and and said sales growth at pubs and restaurants open more than a year slowed to [...]
BAE announces 3,000 job losses September 27, 2011 Defence company BAE Systems has announced that it will cut around 3,000 job due to slower sales of the Eurofighter jet. The company, which makes the plane as part of a four-nation consortium, said on Monday that it would not comment on the media reports but would update its employees on Tuesday. It said 3,000 [...]
