AUSSIE: RATE RISE NOT IN SIGHT OF RBA April 5, 2011 DIRECTOR OF CURRENCY RESEARCH, GFT OVER the past week the Australian dollar has been setting fresh post-float highs nearly every day, reaching a peak of Au$1.0416 on Sunday. The currency’s recent rise has been driven by stronger commodity prices, improved risk appetite and the return of the carry trade. At 4.75 per cent, the Aussie [...]
THE TIPSTER April 5, 2011 THE Japanese yen remains under significant pressure, which is not being helped by news of supply chain disruption at Toyota’s US facilities. What should have been a valuable source of funds ready to be repatriated is being taken out of the equation. The concern now has to be that the situation is going to get [...]
FOREX ANALYST PICKS April 5, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar, short Australian dollar-dollar, long euro Expertise: Fundamental and Technical Analysis with Risk Management Average time frame of trades: 1 day to 1 week Neither the short euro-dollar nor the short sterling-dollar setups I laid out last week were triggered, as sentiment and rate expectations held up. That [...]
Rate rise in euro would expose weak periphery April 5, 2011 MARKETS are expecting a quarter point rise from 1 to 1.25 per cent when the European Central Bank (ECB) meets tomorrow. However, even if Jean-Claude Trichet, president of the ECB, announces the quarter point rise, the euro could still come under pressure, as attention focuses on the impact of higher interest rates upon Europe’s beleaguered [...]
UNLEASH THE MATRIX TO GET ACTION April 5, 2011 CONSULTING ANALYST, INTERTRADER Do you remember the film Trading Places with Eddie Murphy? The key scene takes place in the commodities trading pit for orange juice in the World Trade Centre. Two traders observe that Randolph and Mortimer, the two old-timers running the show, are buying every orange juice contract in site. Then those two [...]
Sensible doesn’t mean not fun April 5, 2011 I’m caning it on eco,” exclaims my excited co-driver, immediately proving that he may not be an ideal customer of Nissan’s new electric Leaf car. That said, in the pursuit of thorough journalistic investigation we were trying to see how much we can deplete the range by hammering the car, rather than driving it normally. [...]
CAR TALK April 5, 2011 KIA’S ELECTRIC CROSSOVER The Seoul Motor Show is underway and Kia has shown this unusual looking all-electric crossover utility vehicle (CUV) concept car called Naimo. The car – which will form part of Kia’s EV test fleet – has no middle B-pillars and has rear-hinged rear doors and a three-way split opening boot-lid. With a [...]
Harry: Bale would cost £80m April 4, 2011 REAL MADRID vs TOTTENHAM SPURS manager Harry Redknapp insists it would take a world record transfer fee to prise Gareth Bale from White Hart Lane after the Wales winger intimated yesterday that he could be tempted by a move abroad in the future. Bale has been passed fit to play against one of his chief [...]
Rooney faces ban from FA Cup derby April 4, 2011 MANCHESTER UNITED striker Wayne Rooney faces being banned for the FA Cup semi-final against Manchester City after he was charged for his foul-mouthed rant at a TV camera. Rooney is expected to receive a two-match suspension if found guilty of the Football Association’s charge of using “offensive, insulting and/or abusive language”. The accusation relates to [...]
Ronaldo threat will be Redknapp’s big worry April 4, 2011 TOTTENHAM have shown they can score goals and I would expect them to play with their usual emphasis on attack in Spain, but if they can leave Madrid with a draw that will have to go down as a great result. European sides might have fancied their chances at Real before, but not now that [...]
