The Greek deal built on a bed of sand February 21, 2012 CAPITAL SPREADS ANGUS CAMPBELL The jump in the euro was as short lived as the expectations that this bailout deal will actually solve Greece’s problems. Euro-dollar failed at the major resistance level of $1.3300 creating a double top that bears feel could be a tough one to break through to the upside. We’ve heard of [...]
THE TIPSTER AUSSIE DOLLAR TRADERS CAUGHT ON THE HOP February 21, 2012 THE Aussie dollar-Japanese yen pair remains a key measure of investor risk appetite and both sides of the currency pair have been in the news recently. Last week, the Bank of Japan surprised markets by announcing additional easing. This followed news of the country’s unexpectedly large fall in GDP. Traders were also caught on the [...]
These Olympic Games are a chance to show the world what BA’s about February 21, 2012 Frank van der Post is the man making sure that British Airways gets a flying start as 2012’s airline partner Q. What was your brand’s primary reason for being involved with the Games? A. We’re a tier one sponsor for London 2012, and although we’ve sponsored British athletes before, it’s the first time we’ve been [...]
Our corporate reporting is broken: but new research says that it can be fixed February 21, 2012 Pressure mounts for substantial changes to company reports, as a survey uncovers ambiguous attitudes SOME debates, it seems, go unresolved for years despite their importance. The future of corporate reporting is one such issue. It is now more than five years since the leaders of the biggest six accounting firms declared that the reporting system [...]
European markets rise on Greek talks February 20, 2012 EUROPEAN shares closed at a near seven-month high yesterday as Eurozone finance ministers edged closer to a long-awaited agreement on a rescue package for Greece. The pan-European FTSEurofirst 300 index of top shares rose 0.7 per cent to 1,090.95 points. Volume was low, at 69.5 per cent of the 90-day average, with Wall Street closed [...]
China’s monetary easing puts FTSE close to the 6,000 level February 20, 2012 A SURPRISE easing in China’s monetary policy drove Britain’s FTSE 100 within striking distance of a seven and a half month closing high as miners rallied on the prospect of revived demand from the world’s most voracious consumer of raw materials. Miners were the top gainers as London’s blue chip index climbed 40.18 points, or [...]
Oil’s recent surge may sink in sands February 20, 2012 TRADERS looking at the recent actions of the theocracy of Iran – which confirmed its ban on the sale of crude oil to the UK and France on Sunday – might be forgiven for assuming that the escalating tensions between it and the West are going to be the biggest factor impacting the price of [...]
NEAR-TERM EURO-DOLLAR RISKS MAY LIE TO UPSIDE February 20, 2012 FX 360 Despite every possible effort by the shorts, euro-dollar refuses to go down. Over the past four weeks the pair has traded in a narrow $1.3000-$1.3300 range, rebounding every time it has broached the key $1.3000 level. One reason for this remarkable resilience is the persistent skew in positioning. After a few weeks of [...]
THE TIPSTER TRADERS HOPING TO BOOK SUITE OF PROFITS February 20, 2012 RESULTS last week from Intercontinental Hotels pointed to a resurgence in bookings outside of the beleaguered Eurozone, so investors in Millenium & Copthorne will be hoping that the company can replicate its larger peer’s success in areas such as China and the US. The operations in these areas should benefit from continuing economic growth, so [...]
Why not to position for a gold crash February 20, 2012 GOLD has traded in a channel for the last month, but despite this, it remains at a price nigh on unimaginable 18 months ago. “Although the last month has been a quiet one for the price of gold, the metal is still up by around 10 per cent for the year and is still almost [...]