RAPID RESPONSES October 25, 2011 Define discussion Nick Clegg announced plans yesterday for a new law that will allow protected conversations between bosses and employees. This is a small step in the right direction. My firm advises employers all the time who are genuinely afraid of having frank discussions with their staff about retirement in case what they say is [...]
EU summit optimism won’t last for long October 25, 2011 FOREX conditions are choppy for euro traders, with yesterday’s moves indicative of the jittery markets. Upon the news that the Ecofin conference won’t take place, euro-dollar quickly dropped 0.6 per cent. Twitter feeds across the world were swamped with presumptions that the full emergency heads-of-government summit was also cancelled. Euro-dollar rebounded, as it became clear [...]
BET AGAINST YEN STRENGTH AT YOUR PERIL October 25, 2011 WHILE euro-dollar has taken all the spotlight recently, the yen quietly made a fresh post-war high against the dollar with dollar-yen dropping into the ¥75.00s last week. The move has elicited further cries of frustration from Japanese officials and some head scratching from speculators. The downward move in dollar-yen is especially surprising given the relatively [...]
THE TIPSTER October 25, 2011 IN RECENT days, dollar weakness has set in, allowing cable to recapture the $1.6000 level. But the gains to here seem to have come up against some resistance and volatility meaning the rally to this six week high could be coming to an end. Sellers crept into cable expecting that this trend would soon be [...]
FOREX ANALYST PICKS October 25, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short sterling-yen, Aussie dollar-dollar and dollar-Canadian dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week The markets are at a crossroads. Risk appetite is pushing higher; but conviction is notably absent. Either risk trends will reverse or the markets will capitulate [...]
Bearish Aussie avoided by pandering to China October 25, 2011 THE Australian dollar has been trading around its six-week high this week, receiving a boost from encouraging data coming out of China – a country upon which its economy relies on heavily. At the same time, it has benefited from a strong commodity market. The Aussie dollar was trending around the $1.0400 area yesterday, but [...]
THREE STEPS FOR TRADING A BREAKOUT October 25, 2011 THE first step in trading a breakout is identifying support and resistance levels. These levels are identified by looking at the high and low of market price action over a specific time frame; intraday, daily, weekly, monthly or annually. A breakout occurs when the price of a currency moves above support or below resistance. A [...]
A high-speed slice of pure heaven October 25, 2011 THE Porsche I’m driving has no air conditioning and no audio system. The last time I drove a car without HVAC and an audio system was in 1987, and it was a Mini built 15 years earlier. It didn’t usually manage to go very far and certainly not anywhere fast. Which isn’t the case with [...]
CAR TALK October 25, 2011 ORDER NOW: VW’S NEW BEETLE The order books have opened for VW’s new Beetle. Two engines will be available at launch: a 1.2-litre TSI 105 PS (47.9mpg, 137g/km CO2) and a 1.4-litre 160 PS TSI (42.8mpg, 153g/km CO2). Three others – a 1.6-litre diesel, 2.0-litre diesel and 2.0-litre petrol – will join later in 2012. [...]
How to look good cycling October 25, 2011 THERE used to be three choices when it came to City bike-wear: highlighter neon, racing Lycra or crumpled suit with sweat patches. But bike fashion has evolved. And with many more of us cycling to work, thanks to Boris bikes and increasing take up of corporate bike schemes, there’s demand for kit that actually looks [...]
