The facts behind trading indices April 30, 2012 AFTER trading individual equities, retail traders are usually inclined to dabble in trading their indices. So what is an equity index, how are they priced and what are they actually trading? An equity index is a benchmark value of a basket of stocks. Each index will clearly define what its constituents are and how it [...]
Analyst picks for 30 April 2012 April 30, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Looking to sell euro-dollar Expertise: Technical analysis Average time frame of trades: 1 day to 1 week A closer look at the $1.3300 level shows a confluence of resistance, including the psychological barrier, some falling trend-line resistance off of the February 2012 peak, the upper Bollinger Band, and an [...]
The legitimacy of technical analysis is beyond dispute April 30, 2012 Traders are looking at what makes money and what doesn’t THE debate on whether technical analysis is hocus-pocus or not has been replaced with the question: Which type of technical analysis do you employ in your trading? Central to technical analysis is the assumption that the price of a stock already trades at a level [...]
MARKETS STRUGGLE TO FIND THE ENERGY TO RISE HIGHER April 30, 2012 CHIEF MARKET STRATEGIST AS APRIL gives way to May, markets are struggling to find the necessary enthusiasm to push much higher. Unlike last week, when we had plenty of things to worry about in the Eurozone, this week seems to be far less exciting, at least for the moment. The Eurozone crisis continues to boil [...]
John Pluthero interview: The controversial telco boss on life after the C-suite April 30, 2012 Discussing abstract art with controversial executive John Pluthero is a slightly surreal experience, akin to ballroom dancing with Tony Hayward, or playing Twister with Steve Jobs. Pluthero is showing me around an exhibition he helped to curate at the Kings Place Gallery in Islington. Bright swirls of colour adorn every wall, each one accompanied by his impassioned commentary. He [...]
BORIS POISED TO TAKE CONTROL OF COMMUTER TRAINS April 29, 2012 BORIS Johnson is set to gain control of suburban rail services after the transport secretary Justine Greening gave City A.M. the strongest indication yet that she is willing to hand him control of key commuter routes if he is re-elected on Thursday. Under the proposals Transport for London (TfL) would have direct control over certain [...]
Murdoch must be stripped of BSkyB stake, says Labour April 29, 2012 HARRIET Harman, the shadow culture secretary, yesterday called for News Corp to be stripped of its 39 per cent stake in BSkyB. Speaking on the Sunday Politics Show, Harman said that Rupert Murdoch was “not a fit and proper person” to own a broadcast licence because of the “widespread criminality” that went on at his [...]
Cameron pledges to do more to boost economy April 29, 2012 PRIME Minister David Cameron has said his government will “redouble all our efforts” to turn around the UK economy in the face of a fresh recession and “a very long and painful process” to fix the Eurozone. Cameron said last week’s confirmation of a double dip recession in Britain was “very disappointing”. He said: “What’s [...]
Secret collapse in corporate profits is hurting UK’s recovery April 29, 2012 IF you repeat a myth often enough, it eventually becomes the received wisdom. That is as true in the City as it is politics. Take the supposedly well-established “fact” that profits are booming despite the recession. That is certainly the story in America and in emerging markets. But while most large UK-based quoted firms are [...]
Double dip set to push house prices lower April 29, 2012 House prices slowed to a crawl this month and will slump again through the second half of 2012, a new report warns today. The double dip recession is dragging down demand and consumer confidence is draining out of the market, according to Hometrack, just as supply is starting to pick up. Prices rose just 0.1 [...]
