Britain cannot devalue itself into prosperity July 5, 2011 STERLING rallied yesterday following the release of PMI services index figures for June coming in at 53.9 – higher than the 53.5 widely expected. Michael van Dulken of Accendo Markets explains that sterling-dollar moved up from $1.602 to $1.6048 on the PMI services news, then carried on to a day high of $1.628 by mid-morning. [...]
NO FIREWORKS ON 4 JULY, BUT US LOOKING UP July 5, 2011 THANKS to Independence Day on 4 July, America’s week began a day late, and currencies remained in a state of suspended animation, with euro-dollar hovering around the $1.4500 level for the past 48 hours. With Greece now a distant memory (at least for the time being), the market’s attention has turned to economic matters rather [...]
Muted market reaction to the ending of QE2 July 5, 2011 AFTER months of speculation surrounding the end of the Federal Reserve’s second round of quantitative easing (QE2), Fed chairman Ben Bernanke finally announced a fortnight ago that the US central bank’s program of buying Treasuries on a massive scale was going to draw to a close. But, despite the forex markets being overshadowed by the [...]
THE TIPSTER July 5, 2011 THE Canadian loonie has come off a 3 per cent gain on the US dollar, as the suspicion from traders is that the currency has become overbought. Another factor is that the loonie isn’t exactly a safe haven currency, and after comments from rating agency S&P about Greek default, traders fled to the safer US [...]
FOREX ANALYST PICKS July 5, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Remain short sterling-dollar and dollar-Swiss franc Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week My mix of trades from last week have whittled down. The short kiwi dollar-dollar was stopped and offset by the long Canadian dollar-yen from ¥83. I’m still [...]
Jeep’s… back July 5, 2011 Us Brits should be forgiven for thinking Land Rover invented the luxury 4×4 with the Range Rover brand. In fact it was Jeep with its Wagoneer that created the segment, and by the mid 1990s, its successor, the Jeep Grand Cherokee, was just about everywhere in the US and ubiquitous in London too. Then sales [...]
CAR TALK July 5, 2011 CHEVY’S ELECTRIC OFFERING Chevrolet’s extended range EV Volt will cost £28,545 (including £5,000 government grant) when it arrives in early 2012. Thanks to its E-REV powertrain, the car has an electric-only range of 50 miles after which an on-board generator kicks in to prevent the battery going flat. This means you could commute using electric [...]
United legend Scholes can’t see the point of Arsenal July 4, 2011 FORMER Manchester United star Paul Scholes believes Arsenal’s quest for honours next season will be doomed before it has even begun should Samir Nasri and captain Cesc Fabregas follow left-back Gael Clichy out of the club. France international Clichy ended his eight-year association with the north London club yesterday by signing for FA Cup holders [...]
England treading familiar sorry path July 4, 2011 THREE games into his reign as England’s one-day captain and Alastair Cook could be forgiven for thinking his Test opening partner Andrew Strauss called it right when he announced his retirement from the 50 over game after the World Cup. The appointment of a new captain – putting aside any individual feelings on Cook’s suitability [...]
Wimbledon hero Djokovic vows to keep on the grass July 4, 2011 WIMBLEDON champion Novak Djokovic has vowed to reprise his eccentric grass-eating celebration if he ever repeats his breakthrough triumph at the All England Club on Sunday. Djokovic capped his ascent to world No1, confirmed after Friday’s semi-final win, by beating defending champion Rafael Nadal to claim his first triumph at SW19. The Serb, who is [...]
