THE WALL STREET WEEK AHEAD November 14, 2010 WITHOUT a boost from Washington policymakers or data showing budding strength in the economy, Wall Street’s rally may be running out of fuel as the S&P 500 eases off its 2010 high. A data-heavy week could give investors hard evidence to justify a rally that lifted the S&P 500 16.8 percent from its 31 August [...]
Jittery times ahead for banks with Irish debts November 14, 2010 THE rest of the world might have been watching Korea, but in Europe, murmurs of a renewed sovereign debt crisis have been turning into a cacophony. Thanks to an audacious austerity plan, Ireland was looking like it had avoided the wrath of the bond markets, but last week, the fear was back. For holders of [...]
THE TIPSTER November 14, 2010 THE minutes from this month’s Bank of England meeting will push sterling’s fortunes back into the spotlight. The outlook for the pound has been somewhat eclipsed by the euro in recent days given concerns over the Irish economy. Certainly any suggestion in the minutes that there is mounting support for a second round of QE [...]
Fortune comes to those who read the signs… November 14, 2010 SURELY someone who fears a death cross must be a 16th-century pirate or gothic enthusiast, not a slick City trader or market analyst? But as it turns out, they are. Death crosses occur when a stock or an index’s 50-day moving average drops below its 200-day moving average – unsurprisingly, this spells trouble. Whereas a [...]
TECHNICAL ANALYSIS GURU November 14, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, should I look at either indices or commodities? A. Although the focus has been on the recent rallies in stock indices many traders may have missed out on opportunities in other areas. From the lows, commodities such as gold have soared to new highs. We have also seen [...]
Brogue Traders November 14, 2010 BROGUES have come a long way. Invented in the bogs of either Ireland or Scotland, depending on who you believe, they were originally designed for wading about in mud and water – hence the holes, which were designed to let the water run through. When country gents started bringing the style to town, their journey [...]
When spokes meet bespoke November 14, 2010 THERE’S a story that one of Sigmund Freud’s friends once came into a room to find the great psychoanalyst fingering an absolutely massive cigar. This caused the friend to raise an eyebrow. What did this say about Freud, the man who believed that everything had a sexual undertone? “Sometimes,” said Freud mournfully, “a cigar is [...]
CYCLISTS CAN BE STYLISH November 14, 2010 STYLE COUNSEL IT’S a shame that cycling gear is so often unstylish, the need for visibility and safety overriding the imperative to look good. But it needn’t be that way. Rapha is a London-based company that started up six years ago “driven by a passion for road cycling” and “the stamina, strength and focus that [...]
Far from the Medina crowd November 14, 2010 MARRAKECH might not immediately spring to mind when choosing somewhere to unwind. And to be sure, its main square Jemaa el Fna delivers noise, commotion, smoke and crowds, with tourists tripping over dancing monkeys and baskets of cobras to get to their next tagine. But there’s another side to the pink city, away from the [...]
TRAVEL NOTES November 14, 2010 Foody heaven in Cairo’s plush new hotel One of the more exciting hotels to open in the Middle East in the last few months is the Kempinski Nile Hotel – a place of truly swell luxuries that’s also raising the culinary stakes for the Egyptian capital. Its rooftop restaurant, Floor 10, mixes modern French cuisine [...]
