FACEBOOK’S FLAWED MODEL IS A GAMBLE ON POTENTIAL May 7, 2012 DIRECTOR OF CURRENCY RESEARCH, GFT IS THE Facebook IPO a good investment opportunity? Naturally, to research that question I went to Twitter. Within minutes I was able to collect all the relevant information on the pros and cons of the IPO. Therein, in my opinion, lies the problem. Facebook is just not nearly as useful [...]
THE TIPSTER | BT having difficulty dialling profits May 7, 2012 Concerns about its substantial pension deficit have hobbled BT’s rally in recent days, with the shares making little progress in a choppy market. Still, its cash generation remains attractive, as does the possibility of further dividend growth. IG’s price on BT is 216p-217p. Easyjet’s earnings release tomorrow will hopefully show that the airline carrier’s performance [...]
The Hindenburg Omen isn’t a hit May 7, 2012 NAMES for technical indicators don’t get much more dramatic than the Hindenburg Omen – simultaneously referencing the German airship tragedy of 1937 in which 36 people lost their lives and bringing to mind haunting visions of the psychotic Damien from the infamous horror film, the Omen. Chris Beauchamp, market analyst at IG Markets, believes a [...]
Analyst picks for 8 May 2012 May 7, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Looking to buy dollar-yen Expertise: Technical Analysis Average time frame of trades: 1 day to 1 week We like the idea of looking to buy this pair, either on an upside break or into a deeper setback. This is a market that looks to be on the verge of [...]
Three weeks to go: Buy your ticket for Morning Wire’s trading conference May 7, 2012 Q What is your trading background? A I started trading equities nearly 30 years ago and then progressed to options then financial futures and then finally foreign exchange, which really resonated with me because it was much more macro-based. Q What will you be covering in your session at Morning Wire’s trading conference on 24 [...]
Why the gold to silver ratio counts May 7, 2012 SIMPLY put, the gold-silver ratio represents the number of ounces of silver that it takes to buy one ounce of gold. The gold-silver ratio has the advantage of stripping out the dollar denominational aspect of taking a straight position on gold or silver. When you take a spread bet on the silver or gold spot [...]
EURO BEARS STILL DOMINATE AS CONTAGION RISKS SPREAD May 7, 2012 CHIEF MARKET STRATEGIST The past week was very much a case of “wait and see,” given the US non-farm payrolls data and a slew of economic figures from around the world. In general, the picture was mixed, with stronger figures from the US and China for their manufacturing sectors, but Eurozone and UK data still [...]
Wall St drops ahead of data May 3, 2012 US stocks fell yesterday as economic data sent mixed signals on the recovery a day before the April payrolls report, while shares of Green Mountain plunged after poor results. Slower-than-expected growth in the dominant US services sector drove the day’s trading. The retail sector dragged the market lower after several chains, including Target and Gap, [...]
FTSE ticks up as defensives rise May 3, 2012 BRITAIN’S blue chip-index edged up in thin volume yesterday as gains among defensive stocks offset disappointing trading updates among cyclicals and weak US macro data. The FTSE 100 closed 8.44 points higher, or 0.2 per cent, at 5,766.55 points, having traded only 87 per cent of its 90-day volume average. Some investors were reluctant to [...]
Poor jobs data drags on stocks May 2, 2012 THE S&P 500 and the Dow edged lower yesterday as data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday’s key jobs report will also disappoint investors The Dow Jones industrial average dropped 10.75 points, or 0.08 per cent, to 13,268.57. The Standard & Poor’s 500 Index [...]