SPREAD BET GURU October 3, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, I am starting to trade more on my mobile. What should I be careful of? A. First and foremost, I think mobile dealing is fantastic. It allows you to keep abreast of the markets wherever you are, whenever you want. With many markets available to trade 24 hours a [...]
AIG reaches deal with government on plans to pay back US taxpayers September 30, 2010 AMERICAN International Group (AIG) laid out a plan yesterday that sets the company on a path for an accelerated payback of taxpayer bailout money, but also increases the risk for the government. The plan, which comes a little over two years after AIG was rescued from the brink of collapse, will see the Federal Reserve [...]
Monty’s men ready to reclaim Ryder Cup September 29, 2010 ANTICIPATION for golf’s biennial battle has never been higher on this side of the Atlantic. After a hugely successful year for European golfers, expectation is also sky-high and it’s no surprise that Team Europe are listed as 4/6 favourites on Betdaq. Indeed, Paddy Power have already paid out on a European victory before a ball [...]
US remains downbeat on economy September 28, 2010 US CONSUMER confidence fell to its lowest level since February in September, underscoring lingering worries about the strength of the economic recovery, while home prices dipped in July. The Conference Board’s index of consumer attitudes fell to 48.5 in September from a revised 53.2 in August, hit by a weak labour market and business conditions. [...]
EURO-DOLLAR TRADE IS AN UGLY CONTEST September 28, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT LET’S just retrace Tuesday’s euro-dollar price movements. First, the pair rallied in early Asian trade when a Wall Street Journal article reported that the Fed is considering a quasi-permanent QE policy, raising fears that the central bank will eventually monetise more than a trillion worth of US debt. Then, before [...]
Donald has vindicated Monty’s faith September 27, 2010 LUKE DONALD got his big chance to vindicate his place on the European Ryder Cup team at the weekend – and he took it with both hands. Colin Montgomerie’s biggest dilemma in selecting his 12-man team for Celtic Manor was who to pick from Donald, Paul Casey and Justin Rose. Omitting the world’s No7 player [...]
Price of gold could hit $1,500 September 27, 2010 THE price of gold could reach record highs of up to $1,500 (£949) an ounce in the next twelve months delegates at the London Bullion Market Association (LMBA) annual conference said yesterday. The majority of delegates saw the price of gold rising to $1,406 an ounce by September next year but 32 per cent of [...]
Lurking behind the financial crisis: the Fed puppeteer and the trader September 27, 2010 I WANTED it to be like that Quentin Tarantino movie: every person should come away with a different picture. I wanted to almost do it with no judgment.” Andrew Ross Sorkin is in London for the Samuel L Johnson literary awards after Too Big To Fail, his best-selling account of the financial crisis, was short-listed [...]
September was golden but cooler days are due September 27, 2010 SEPTEMBER’S prodigious rally in the American S&P 500 index has taken many investors rather by surprise. Despite falling yields on US Treasuries and gold rallying, the index is on track for its third-best monthly performance in the past decade. The S&P 500 has been driven higher by tech stocks, which have risen 12.71 per cent [...]
Opening gains likely as winning streak continues September 26, 2010 ANOTHER positive open is expected for UK shares this morning, following on from a fifth straight week of gains. GFT is quoting the FTSE 100 index to open up 10 points from Friday’s close, at a level of 5,608. The German DAX 40 is expected to open up 12 points at 6,310, and the French [...]