DailyFX: Analyst picks December 16, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks I remain long on sterling-yen from ¥167.05, despite the brief pullback from yearly highs just above ¥170.00. As long as momentum remains bullish, sterling-yen remains a buy on dips. [...]
Here’s why 2014 could be a great year for the US December 16, 2013 The US economy is transitioning to faster growth and higher interest rates, according to a research note by Deutsche Bank. Joseph LaVorgna, Chief US Economist said: We expect monetary policymakers to soon transition to a slower pace of monetary accommodation. This implies that over the next year, long-term interest rates are poised to rise significantly [...]
All this analyst wants for Christmas is Fed tapering. Here’s why December 16, 2013 Most would put the uncertainty of a Fed tapering announcement near their top of big 2013 unknowns – and some strong data from the US has convinced some Fed watchers that they may start to remove monetary support. But the discussions over when the Federal Open Market Committee (FOMC) will actually get round to tapering [...]
Wall St Week Ahead: Vote by Federal Reserve key to festive stocks December 15, 2013 THE Federal Reserve holds the wild card for the US stock market this week with a decision on whether or not to slow the pace of its stimulative bond buying. Federal Reserve policymakers gather for the last time in 2013 for a two-day meeting that concludes on Wednesday. Many investors are still expecting the Fed [...]
What you need to know before the open – 13/12 December 13, 2013 Concerns over Fed action next week rumble on, with US stocks hitting a for-week low yesterday and things look little brighter for European bourses this morning. No respite for investors at European opening – So little joy, as fear of the unknown (QE) undermines confidence – FTSE -9, DAX -8, CAC -2 — David [...]
UK division of Leica sees slower sales despite new camera launch December 13, 2013 THE UK division of Leica Cameras, the iconic camera brand used by celebrated photographer Henri Cartier-Bresson, reported a slowdown in sales last year despite rolling out a new flagship camera. Leica Camera, which is owned by German parent company Leica AG and distributes cameras in the UK, reported a 12 per cent dip in turnover [...]
New York Report: Taper paranoia sees US stocks losing ground December 12, 2013 US STOCKS fell yesterday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus. Profit-taking also played a part in the market’s decline, with investors selling some stocks to lock in gains from this year’s rally. The S&P [...]
It’s Groundhog Day for investors as Fed tremors continue to scare markets December 12, 2013 European markets are in the red as investors fret over the prospect of reduced asset purchases by the Federal Reserve. Mike van Dulken, head of research at Accendo Markets says that those Fed tapering fears are "ruling the roost". A surprise improvement in last Friday's unemployment data was originally greeted by rallies in US equities, [...]
Fischer eyed as next Fed vice chairman December 11, 2013 STANLEY Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve’s next vice chair once Janet Yellen takes over as chief of the US central bank, a source said. Fischer, 70, is widely respected as one of the world’s top economists.
New York Report: Wall St slides on Fed fears December 11, 2013 US stocks posted their largest drop in a month yesterday as traders locked in recent gains after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic stimulus. The bipartisan budget agreement reached late Tuesday would end three years of political [...]