CNBC’s Maria Bartiromo shares the secrets of her long-running success March 1, 2011 I LOVE this city!” Maria Bartiromo waves her arm, indicating not just the art deco luxury of Claridge’s, where we meet over breakfast, but London in its teeming, cosmopolitan entirety. “Chic, sophisticated… great for business. I feel jazzed to be here. I grab the chance to come.” Bartiromo is a long-time New Yorker, famous for [...]
How Egypt and Libya saw risk being redefined March 1, 2011 SPEND 10 years as a professional foreign currency trader, another four as a fixed income trader, then head up several global trading desks and you get a very close look at that rarest of forex animals: Speculatorus Supersuccessfulus. “Those who make the greatest gains,” says Dean Popplewell, “are always the most silent.” Popplewell himself is [...]
LABOUR DATA WILL BE KEY FOR DOLLAR March 1, 2011 DIRECTOR OF CURRENCY RESEARCH, GFT DESPITE continued turmoil in the Middle East, concerns over the Irish rescue deal and fears that rising commodity prices could snuff out the global economic recovery, the dollar can’t find a bid. Typically, in times of stress, the greenback rallies as investors seek safety and liquidity. So why is the [...]
THE TIPSTER STERLING ON A HIGH VS DOLLAR March 1, 2011 THE pound has broken through £1.6300 against the greenback for the first time in over a year, amidst signs of an upturn in the UK housing market. Strength here is going to make it that bit easier for the Bank of England to start hiking interest rates in the months ahead. Combined with renewed investor [...]
FOREX ANALYST PICKS March 1, 2011 FOREX STRATEGIST ILYA SPIVAK My pick: Short New Zealand dollar-US dollar Expertise: Global Macro Average time frame of trades: 1 week-6 months Last week, New Zealand dollar-US dollar broke through rising trend line support established from the lows in June 2010, suggesting a major bearish reversal is at hand. I will enter short from here [...]
Pulling dead weight through March 1, 2011 EUROPE’S strongest man is Lithuanian this year. But its strongest economy is clearly German. The two have more in common than you think. Both are breaking records and are familiar with lugging around dead weight. The German economy has been pumping out positive figures. Yesterday it announced that unemployment fell to a 19-year low and [...]
TRADING THE NEWS IN JUST FOUR STEPS March 1, 2011 CONSULTING ANALYST, INTERTRADER Formal education doesn’t help you become a good trader. My own mentor told me that “you only see what you have trained your eyes to see.” This short run-through is an insight into how I have trained my eyes to trade news-driven markets. Step 1: First duty every morning is to check [...]
Companies stuck in the Middle East mayhem must act swiftly March 1, 2011 WHILE the headlines from north Africa and the Middle East speak of the human toll and the fate of Britons, the threat to British companies who have contracts in the region which generate substantial revenue remain near the top of company agendas. Having spent 30 years working in Middle Eastern business and law, including in [...]
Lawyers on boards would benefit City March 1, 2011 THE corporate headlines last week focused on women being overlooked for board positions in FTSE companies. They’re not alone: other than as general counsel there’s a similar paucity of lawyers. Presumably female solicitors don’t have any chance at all. This is pretty curious given the many skills that lawyers can add, most notably a willingness [...]
CASE STUDIES| NEWS FROM THE COURTS THIS WEEK March 1, 2011 BGC/TULLETT PREBON APPEAL FAILS The Court of Appeal has rejected an appeal by interdealer broker BGC over its poaching of staff from rival Tullett Prebon. When the CEO of Tullett, Tony Verrier, joined BGC from Tullett Prebon he tried to persuade 13 brokers to go with him. Ten joined but three stayed with Tullett. The [...]
