Even dead cats can bounce back to life August 20, 2012 WHEN things go disastrously wrong, the market is always ready to obliterate a stock. It could be because of mistakes made in a company’s operations, as in the case of Carnival earlier this year when one of its liners ran aground off Italy’s west coast. It could be like Facebook’s IPO, where the price rose [...]
China and Us data fail to corrode Qe speculation August 20, 2012 FX360 THE Dow and S&P 500 are both within spitting distance of the highs achieved earlier this year. It will only take a small push for both indices to surmount these heights. After that hurdle, the bulls will have their sights on the pre-financial crisis levels of 2007 – around 14,200 and 1,575 for the [...]
THE TIPSTER | Diageo set to toast sales August 20, 2012 THE international spirits maker and brewer, Diageo, will report earnings on Thursday. Currently on the cusp of buying Jose Cuervo tequila, the share price has increased by 13 per cent over the last six months and 50 per cent year-on-year. As with its last earnings report, it appears that the majority of revenue for the [...]
Technical analysis isn’t infallible August 20, 2012 IF YOU talk to particularly dogmatic technical analysts, you often come away with the feeling that their idea of the perfect trader would have zero contact with the outside world – no City A.M., no Bloomberg and no Twitter. The ideal trader would instead fuel themselves on Fibonacci retracement points and takeaway pizza. But though [...]
Analyst picks for 20 August 2012 August 20, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar and Aussie-Kiwi, buy dollar-yen dips Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days I took profits on my core Aussie dollar-dollar short from $1.0585 last week, and the pair was reshorted at $1.0450 as it appears a top [...]
Create your own personal OLYMPIC LEGACY August 20, 2012 Legacy is the buzzword du jour. Will the government be able to translate the success of the Olympic Games into future sporting prowess? Or, like the Australians, will we crumble into mediocrity? Will our legacy be greater social cohesion? Can we become a fitter, healthier, less obese nation? These are all reasonable questions but they [...]
Olympic volleyball player Louise Bawden explains how to get the perfect derrière August 20, 2012 FIT IN THE CITY Female beach volleyball players may be fearsome athletes but they have also gained pin-up status thanks to their fantastic glutes. We catch up with Australia’s Louise Bawden to talk Games, genetics and, of course, bums. Q. Beach Volleyball seems to be played on the whole by long, lean athletes. Is it [...]
Rail fare revolt gains momentum August 19, 2012 CONSERVATIVE MPs yesterday hit out at proposed increases in rail fares and called on the government to do more to help cash-strapped commuters. Backbenchers in marginal constituencies are preparing to lobby the government to act on travel costs after a furious public reaction to last week’s announcement that average fares will increase by 6.2 per [...]
CME plans new London exchange August 19, 2012 LONDON could soon be hosting another derivatives exchange, as reports over the weekend suggested CME Group is planning to open a new European market based in the City. The addition of a competitor to take on the London-based NYSE Euronext’s Liffe and Deutsche Bourse’s Eurex in Frankfurt could be a major step in shaking up [...]
Pressure grows on Lonmin after Marikana massacre August 19, 2012 LONMIN, the world’s third largest platinum miner, will today issue an ultimatum to 3,000 striking employees to restart production or face the sack as pressure mounts on the company’s finances following last week’s deadly clashes. Wildcat strikes at its Karee mine – situated on the Western flank of its Marikana mining district – have caused [...]
