FOREX ANALYST PICKS March 15, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short Aussie dollar-dollar, Short Aussie dollar-Canadian dollar Expertise: Fundamental and Technical Analysis with Risk Management Average time frame of trades: 1 day to 1 week The picture of risk trends and individual fundamental paths have blurred significantly this past week, following the devastating Japanese quake and the EU’s summit. [...]
The essential dates for the diary of every forex trader March 15, 2011 THE US Federal Reserve announced yesterday evening that it would be making no changes to its $600bn Treasury bond purchase program and would not be making any alterations to its interest rate. The Fed made no reference to the crisis in Japan, however its predictable continuation of its current interest rates will maintain the pain [...]
THE TIPSTER March 15, 2011 AT TIMES of worry, investors will naturally flock to safe havens and this explains the rise in the Swiss franc. Japanese stocks saw the worst two-day decline since 1987, brought on by the combined events of the tsunami, earthquake and now the radiation leak. This encouraged investors to pile in to the Swiss franc and [...]
Japan quake hits product supply chain March 15, 2011 FEARS over a significant shortage of components needed by manufacturers worldwide due to Japan’s devastating earthquake and tsunami saw prices for key technology parts surge higher yesterday. Japan is a dominant chip industry player, with around one-fifth of the world’s semiconductor production. Spot prices of NAND flash memory chips used in the fast-growing mobile devices [...]
They stand united, but they will fall divided March 15, 2011 SUCCESS was declared at the weekend, as European politicians came to an early agreement on increasing the size and scope of the European Financial Stability Facility (EFSF). In response, the euro rose 0.7 per cent against the dollar on Monday to $1.40, while yields have fallen in the peripheral bond markets of Greece and Ireland. [...]
Firms pull out staff and close Tokyo offices March 15, 2011 FIRMS began pulling employees out of Tokyo amid fears of spreading nuclear contamination yesterday. Banks, legal firms and manufacturers closed Tokyo offices, offered to evacuate staff to unaffected parts of Japan and sent expatriates to Hong Kong and Singapore after explosions and fires at a Fukushima Daiichi reactor yesterday sent a cloud of radioactive material [...]
TRADE TRENDS IF MOMENTUM TAKES A LOSS March 15, 2011 CONSULTING ANALYST, INTERTRADER A DEAR child has many names. The strategy below is called “lost momentum” in my vocabulary, but it no doubt has other names too. It is in essence a form of trend following strategy. INGREDIENT NO. 1: DEFINE THE TREND I recommend using a simple or exponential moving average (MA) of more [...]
Disaster could wipe out insurers’ capital reserves March 15, 2011 LOSSES from the Japanese earthquake will reduce insurers’ capital reserves, insurance brokers said yesterday, as sector shares continued their sharp declines on fears the disaster’s size could grow. The cost of the quake to the industry, expected to range up to $35bn (£21.7bn) according to AIR Worldwide, will be in addition to some $20bn in catastrophe [...]
CITY VIEWS: SHOULD THE UK RECONSIDER ITS NUCLEAR SCHEME? March 15, 2011 ALEXANDER JUDD | HARLEY DAVIDSON “My feelings about nuclear power haven’t changed. Obviously we need to take another look at safety measures, but we need to get power from somewhere in the future.” RICHARD CAHILL | AMLIN “In hindsight it seems a bit naive to have built nuclear plants so close to a fault line. [...]
BIG NAMES TURN OUT AT CHELTENHAM FIRST RACES March 15, 2011 HRH Zara Phillips was among the big names picking their favourite horses at the first day of Cheltenham yesterday. Fellow punters included England rugby player James Simpson-Daniel and the minister for racing, the Right Hon John Penrose MP. Also cheering on the jockeys in yesterday’s seven races were Denis Kelly and Bijan Khezri, the chief [...]
