G-Mac primed for title defence June 14, 2011 GOLF: Defending champion Graeme McDowell was in an upbeat mood after playing his first practice round of the week at US Open venue Congressional. McDowell played alongside fellow Irishman Shane Lowry and qualifier John Ellis and said he was “buzzing”. “My energy levels are good and I really enjoyed my practice round,” said McDowell, who triumphed [...]
Shearer in talks over Cardiff job June 14, 2011 FOOTBALL: Former England captain Alan Shearer is the new favourite to be appointed Cardiff manager after it was confirmed that his representatives were holding talks with the Welsh club.
HOUSE OF THE RISING MEDIA BARON: DESMOND PLOTS THE ANIMALS GIG June 14, 2011 THE CAPITALIST had an entertaining conversation with Richard Desmond this week, in which the media baron revealed the next rock frontman he would like to enlist to perform with his charity band The Crusaders is… Eric Burdon of The Animals. Desmond was speaking at a preview of his CNBC interview with Channel Five presenter Tania [...]
Greek credit is burning as the euro plays it cool June 14, 2011 AT THE beginning of the week, ratings agency S&P downgraded Greece to CCC, a hair’s breadth above default. With it looking likely that bond holders will be asked to contribute to the next bailout for Greece, the country seems to be well and truly up the river tributary without ancillary means of locomotion. In the [...]
EURO-SWISSIE OFFERS THE CLUE TO RISK June 14, 2011 LAST week, European Central Bank (ECB) chief Jean-Claude Trichet uttered the fateful phrase, “strong vigilance”, signalling that the central bank would hike rates by 25 basis points in July, to 1.50 per cent. However, instead of rallying, the euro-dollar promptly fell four big figures in the wake of the announcement. Part of the reason for [...]
No supermarket sweep in sight as sterling falters June 14, 2011 BETTER than expected CPI figures released yesterday saw a temporary reversal in the recent sterling decline. Despite this, the pound remains in a broadly weak position against the major currencies. With investors lacking in any belief that Mervyn King will raise interest rates at any point soon, the pound is struggling to find a taker. [...]
An FXCM/City A.M. seminar to help you get more from your currency trades June 14, 2011 IT always helps to get a bit more depth to your forex trading knowledge. On 23 June, FXCM will be presenting a forex trading seminar in association with City A.M.. Featuring an introduction by City A.M. editor Allister Heath, the main presentation will feature an insight into intraday trading strategies with DailyFX market analyst Alejandro Zambrano. [...]
FOREX ANALYST PICKS June 14, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar, kiwi dollar-dollar and Swiss franc-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week We haven’t seen a wholesale shift in risk trends, rate forecasts or stimulus directives; and therefore we have come up light on trend. Last week’s sterling-dollar [...]
Oil is king for Norway’s krone June 14, 2011 EVER since the discovery, exploration and extraction of North Sea oil in the 1960s, Norway has been able to profit from the substance that keeps the wheels of the world’s economy turning. Like Canada’s Loonie, Norway’s currency is highly correlated with oil’s ups and downs. As such, “the recent rise in oil on the back [...]
THE TIPSTER June 14, 2011 AUSTRALIAN dollar-dollar has been trading sideways for about a month, since pulling back from the $1.1012 high reached at the start of May. A closer look reveals a very nice Fibonacci pattern in play, with $1.0532 the low support line, $1.0716 the 38.2 per cent retracement and $1.077 the 50 per cent retracement. After bouncing [...]
