Data from the US will reign on stocks July 26, 2009 US corporate earnings will continue to spur market direction this week, although some higher-tier economic data also from the States may try and hog the limelight. Verizon – number one mobile service provider in the US– kick the week off, out today at 12.30. Oil giants Exxon Mobil and Chevron report Thursday and Friday. Much [...]
Successful day traders choose their stocks with precision July 26, 2009 THE market volatility we have experienced over the past 18 months or so has encouraged private investors to try their hand at the fast-moving, risk-riddled strategy of day trading because of the large daily moves in stocks combined with overnight uncertainty. And opportunistic spread betters have been all too keen to jump on the back [...]
THE TIPSTER RESISTANCE HAS FINALLY BEEN BROKEN July 26, 2009 WITH the Dow Jones Industrial Average breaking solidly through the 9,000 mark, it should come as no surprise that the FTSE 100 has also been making steady gains over the past week. Fuelled by the optimism from US earnings figures, the FTSE 100 breached significant resistance levels last week. All eyes will be on the [...]
US stock rise seen as over-extended July 26, 2009 ASTONISHINGLY, the Dow Jones Industrial Average (DJIA) has remained above the 9,000 mark after breaching the psychological level on Thursday evening for the first time for what felt like ages. Back in early March when the Dow plummeted to 6,440.08, only the ultra-bullish investors thought 9,000 would be on the cards this year. But after [...]
UK DEFICIT TO HINDER RISE OF STERLING July 26, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMECONOMICS textbooks would have you believe that a currency should adjust lower if it belongs to a country with a large current account deficit or an increasing budget deficit and for years US dollar bears have been citing the current account deficit as a reason why the greenback should depreciate. In 2008 [...]
Panamania SETS IN July 26, 2009 THINK of the Republic of Panama and the two words most likely to follow are “hats” and “canal”. The last thing you’d associate with this odd-shaped country at the very bottom of Central America is a Manhatten-esque skyline, sophisticated nightlife and luxury hotels and spas. But make the 14-hour journey to this isthmus and these [...]
Skipper Terry rejects Man City to stick with Chelsea July 26, 2009 CHELSEA captain John Terry yesterday pledged his future to the club, insisting there was never any possibility he would be lured by a lucrative offer from Manchester City. England skipper Terry broke his silence to end weeks of speculation that he was ready to halt his 14-year association with Chelsea and become ambitious City’s most [...]
Hamilton’s tribute to Massa after Hungary win July 26, 2009 WORLD champion Lewis Hamilton claimed a long-awaited first victory of 2009 at yesterday’s Hungarian Grand Prix – and then paid tribute to hospitalised Ferrari rival Felipe Massa. Brazilian Massa needed emergency surgery on a fractured skull following a freak accident during qualifying on Saturday. Last night he remained in an induced coma in intensive care [...]
Bell backed to grasp Ashes chance with both hands as selectors raise hopes over Flintoff July 26, 2009 ENGLAND selector Geoff Miller has backed batsman Ian Bell to seize his Ashes chance after confirming he will start the third Test against Australia. Bell is set to replace the injured Kevin Pietersen in the batting line-up at Edgbaston on Thursday after being included in the 13-man squad yesterday. The absence of Pietersen, who will [...]
Champ Hamilton back to winning ways July 26, 2009 BRITAIN’S Lewis Hamilton kick-started his world title defence with success at yesterday’s Hungarian Grand Prix – his first chequered flag for nine months. Hamilton has had such a miserable season in his under-performing McLaren that he had not even been on the podium before the weekend. But 2009 pacesetters Brawn GP and Red Bull were [...]
