EUROPE REPORT June 5, 2012 THE euro fell and German bond prices gained yesterday as the Eurozone debt crisis showed signs of escalating after Spain said it was being shut out of credit markets. The treasury minister of Spain, the Eurozone’s fourth biggest economy, said high borrowing costs meant credit markets were closing to his country, and he made an [...]
NEW YORK REPORT June 5, 2012 US stocks rose yesterday, recovering some ground from last week’s sharp selloff as investor angst about the Eurozone’s fiscal crisis was offset by data showing the US economy’s services sector grew faster than expected in May. However the technical rebound was expected to be temporary and weak. Financial stocks ranked among the best performers. The [...]
Dig into the miners to take gains from growth June 5, 2012 A BIG problem when it comes to day trading most retail equities is that sifting through balance sheets, analysing company performance and then taking a position based on your analysis isn’t the easiest thing in the world. But when trading mining equities, you often have the advantage of trading the macroeconomic news affecting the stock, [...]
RADICAL CHANGE IS NEEDED FOR THE EURO TO SURVIVE June 5, 2012 DIRECTOR OF CURRENCY RESEARCH, GFT LAST week, my parents, who never trade the currency market, and who are generally bewildered by the volatility of finance, offered the best insight into the what’s really wrong with euro. As we sat down to dinner on a beautiful Boston night, my mother said: “You see, Germans will naturally [...]
Timing your trades on the trend June 5, 2012 AS part of the inaugural Morning Wire Active Trader conference held at the end of last month, we hosted a panel of charting experts to guide attendees through what can often be a confusing world of Ichimoku clouds and bearish engulfing candlesticks. But what are the technical indicators that you should pay attention to, and [...]
Analyst picks for 6 June 2012 June 5, 2012 QUANTITATIVE STRATEGIST DAVID RODRIGUEZ My pick: Sell euro-dollar against 1 June high Expertise: System trading Average time frame of trades: 2 to 10 weeks My euro-dollar short trade in May worked better than any trade in recent memory. The pair set its high at the very beginning of the month and did nothing but decline. [...]
A CFD strategy to hedge losses in a broader portfolio June 5, 2012 RECENT falls in the FTSE 100 index, from highs of close to 6,000 in mid-March to its current position under the 5,300 mark, may have spooked some investors. However, it is possible to hedge losses in your equities. By using contracts for difference (CFDs) as part of a short-term hedging strategy, traders can minimise their [...]
GLOBAL GROWTH IS WEAK BUT OIL BULLS ARE STRONG June 5, 2012 CHIEF MARKET STRATEGIST AS THE UK recovers from the long bank holiday, the whole world is feeling the hangover. Last week Spain teetered on the brink of disaster, after its planned rescue of Bankia was torn to bits by the European Central Bank. The worry now is that Spain doesn’t have the funds to bail [...]
Samsung uses mobile technology to foster our Olympic enthusiasm June 5, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 51 DAYS TO GO Q What was your brand’s primary reason for being involved with the Games? A The Olympics is one of the world’s great inspirational events. It’s a great way to develop our reach and relationship with our consumer base, by helping them to be inspired [...]
FTSE suffers worst month in three years on credit woes and US data May 31, 2012 BRITAIN’S top share index suffered its worst month in more than three years in May after data suggesting the US economy is struggling triggered a late sell-off yesterday, and may be vulnerable to further declines as Eurozone worries persist. The FTSE 100 index gave up most of the strong gains it had recorded earlier in [...]