Resolution cash return gives boost to the FTSE June 7, 2011 BRITAIN’S top share index closed marginally higher yesterday as UK insurer Resolution’s bumper cash return helped boost insurance-related firms, while integrated oils weighed on the downside. The market reacted positively to Resolution’s commitment to return £500m to investors. “One would encourage share buybacks in a modest way because if a company is cancelling its shares [...]
Bernanke’s bearish talk extends US losing streak June 7, 2011 US stocks extended a losing streak for a fifth day on yesterday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke. The market, which started off on a positive note after the S&P 500 hit a two-month low in the previous session, reversed course to turn negative after Bernanke [...]
Profitable carry trading from a land down under June 7, 2011 THE currency market’s attention has been focused on the announcements made by the US Federal Reserve, the Bank of England and the European Central Bank. But at the same time, there are a large number of traders taking advantage of the policies of other central banks, such as the Reserve Bank of Australia (RBA), and [...]
ONCE AGAIN, THE ECB MAY SURPRISE US June 7, 2011 IN THE movie Groundhog Day, Bill Murray wakes up each day only to find himself repeating the activities of the day before. There is a bit of a Groundhog Day feel to the currency market this week, as traders once again prepare for the monthly European Central Bank (ECB) press conference. Recall that last month [...]
Swissie will remain a peerless safe haven June 7, 2011 SINCE the financial crisis, excepting gold, the Swissie has been the global reserve currency of choice. After failed efforts last year, the authorities are now signalling that businesses will have to get used to exporting with a strong currency. So far, so successful. Both the euro and dollar have been hitting historic lows against the [...]
THE TIPSTER June 7, 2011 AFTER Jean-Claude Trichet suggested the euro was overvalued, euro-dollar stalled yesterday. The euro remains sensitive to Greek debt issues, and the periphery of Europe remains in the spotlight. It is unlikely in the near team euro-dollar will make an attempt on the $1.49 May high. Traders should begin selling into euro strength for a medium [...]
Trichet’s words could lead to volatility June 7, 2011 FOREX.COM KATHLEEN BROOKS The markets have been embracing the euro with gusto this week. Partly this is a response to the weak US labour market data for May, but it is also due to expectations that the ECB will signal a rate rise in July when it meets on Thursday. The hawkish rhetoric from ECB [...]
FOREX ANALYST PICKS June 7, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short Kiwi dollar-dollar, sterling-dollar and Swiss franc-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Underlying fundamental themes are starting to kick in – notably risk aversion is very early in a swell. I’ll keep an eye on risk-sensitive pairs through [...]
OMX Nordic shows warm growth in the snow and ice June 7, 2011 THE Nasdaq OMX Group is the world’s largest exchange company, listing 3,600 companies on exchanges in six different continents. It incorporates four Scandinavian stock exchanges, two of which are based in Stockholm, Sweden. The other two are in Copenhagen in Denmark and Helsinki in Finland, while there are also Nasdaq OMX exchanges in Iceland, Tallinn, [...]
Fall and rise of the Oslo Børs June 7, 2011 THE Oslo Stock Exchange, also known as the Oslo Børs, offers investors access to a range of products including equities, derivatives and fixed income instruments. Owned by Oslo Børs VPS Holding, it lists a number of global players and is of particular interest to investors keen on the energy, shipping and seafood sectors. A lot [...]
