To print or not to print: ECB policy debate November 29, 2011 AS the Eurozone crisis rumbles on, European policy makers are fast running out of ideas. In recent weeks, the calls for the central bank to start printing have grown louder. But is this a wise route to take? “Print your way out” ROGER NIGHTINGALE independent consultant (Below, left) If a motorist, driving along a hilly [...]
DOLLAR-YEN IS WAKING FROM ITS SLUMBER November 29, 2011 UNTIL recently, the single most boring job in the currency business was to be a dollar-yen dealer. With the exception of a few days when the Bank of Japan (BoJ) would intervene in the markets, spiking dollar-yen by a couple of hundred points in a matter of minutes, the pair would remain moribund, sometimes moving [...]
THE TIPSTER November 29, 2011 THE Eurozone crisis rumbles on with daily reports. “Good” bond auctions in Italy sent the euro sharply higher and rumours of French downgrades pushed it lower. Euro-sterling languishes near its September and October lows of £0.8530 and looks vulnerable to further weakness. But traders should keep in mind that the euro rallied sharply against the [...]
FOREX ANALYST PICKS November 29, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short kiwi-dollar; long euro-loonie; long dollar-Swissie Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week The strong drive in risk trends through the historically quiet holiday period was remarkable. This is a clear sign of how troubled the European and global financial [...]
Audi’s Sportback is worth the price November 29, 2011 IT’S early Sunday morning. I’d rather be asleep but my daughter has discovered insomnia. After two hours of trying everything to get her back to sleep I succumb to the fail-safe car trip in the hope of inducing her slumber. Outside it’s raining sideways. She’s wailing as I run to the car and wet by [...]
CAR TALK November 29, 2011 FORD FOCUS IN THE SWEENEY’S SPOTLIGHT A movie remake of The Sweeney is exciting enough. But Jack Regan will be played by Ray Winstone and he’ll be driving the new 250PS Ford Focus ST. We just wanted an excuse to show it because it looks so good. The Sweeney is set in London after all, [...]
Bank levy hiked November 29, 2011 The government has announced that it will increase the levy on bank borrowing in the UK again. It will rise from the current 0.078 per cent to 0.088 per cent from January. The Treasury assesses that it will yield the originally projected £2.6bn per year. Chancellor George Osborne made the announcement – which was widely [...]
American Airlines files for bankruptcy November 29, 2011 American Airlines and its parent company AMR filed for bankruptcy protection after failing to win a deal with pilots earlier this month to pare its labour costs. AMR had been the only major US carrier to avoid bankruptcy proceedings in the past decade, a move its rivals had used to restructure their labour agreements and [...]
Growth revised down – but no recession says Osborne November 29, 2011 Chancellor George Osborne said that the Office for Budget Responsibility (OBR) has revised its growth for 2011 down to 0.9 per cent. The OBR predicts 0.7 per cent growth next year but no recession. In 2013 growth is forecast at 2.1 per cent followed by 2.7 per cent in 2014. The figure is estimated at [...]
Eurozone economic sentiment worse than forecast November 29, 2011 Eurozone economic sentiment fell more than expected in November, data showed, as business mangers turned more pessimistic across almost all sectors of the economy, particularly in France and the Netherlands. The European Commission’s monthly survey showed the sentiment index at 93.7 against 94.8 in October, falling to levels last seen in late 2009. Economists polled [...]
