US markets slip after retail data February 15, 2011 MARKET breadth weakened and a prominent investor retreated from bullish positions as a vulnerable US stock market slipped off 2-1/2-year highs yesterday. Energy and basic materials stocks led the slide in the S&P 500’s worst day since 28 January, and billionaire investor Ken Fisher said he is “more neutral on stocks than I’ve been in [...]
Get talent: how CFOs can make the most of the people they hire February 15, 2011 HEAD OF EMPLOYER SERVICES, ACCA Chief Financial Officers (CFO) all over the world are facing a challenge – maximising the value that finance teams bring to the business. People – and not numbers – are the sum of an organisation, and in a new report with KPMG, ACCA (the Association of Certified Chartered Accountants), looks [...]
Forex traders should tread carefully to avoid mistakes February 15, 2011 SOMETIMES it can feel like foreign exchange trading is a game of luck, and indeed sometimes the movements mapped on the charts are just plain unpredictable. But fear not, there are strategies that traders can adopt to minimise their losses and maximise their gains. Here we have highlighted three major mistakes that the currency expert [...]
Uncertainty hinders euro performance February 15, 2011 DISAPPOINTING US retail sales figures announced yesterday lunchtime failed to produce the increased yields on US Treasuries anticipated by traders, with the news allowing the euro to reach an early afternoon high of $1.3551. Combined with strong euro demand from Asia and the Middle East, the common currency stabilised itself against the dollar, rising 0.14 [...]
WEBER’S EXIT WEIGHS ON THE EURO February 15, 2011 DIRECTOR OF CURRENCY RESEARCH, GFT AXEL Weber’s unexpected resignation from the Bundesbank last week has created a growing sense of unease amongst European investors. Weber, an unrepentant hawk who could ruffle feathers, was considered to be the leading candidate to succeed European Central Bank (ECB) president Jean Claude Trichet. Trichet’s eight-year term will expire this [...]
THE TIPSTER February 15, 2011 THE Turkish Lira has been coming under some additional pressure of late as a result of investor concern over the wider region, but the unwinding of dollar-lira has been ongoing for several months now. The central bank has been cutting interest rates as it tackles a growing trade deficit but inflationary pressures also need to [...]
FOREX ANALYST PICKS February 15, 2011 FOREX STRATEGIST DAVID RODRÍGUEZ My pick: Sell rallies and stay short euro-dollar Expertise: System trading Average time frame of trades: 2-10 weeks The euro-dollar has made a significant turn, and it’s one that I’ve long been waiting for. Our contrarian sentiment indicator shows that the crowds are at their least bearish on euro-dollar, giving the [...]
O Canada – the LSE’s new ally brings a jolt of energy February 15, 2011 Even if you knew little about the Toronto Stock Exchange before last week, the announcement of a planned merger between the London Stock Exchange Group (LSE) and TMX Group, which runs the Toronto exchange, is almost certain to change that. If approved by shareholders and competition regulators, the all-share merger of the two exchanges will [...]
Toronto has more than ore February 15, 2011 Clearly, the planned merger of the Toronto and London stock exchanges makes the main Canadian exchange of great interest to UK investors. That is particularly true for those interested in natural resources, mining, energy and clean technology stocks. Energy and natural resources giants such as Suncor Energy and Canadian Natural Resources are already listed in [...]
CANADA’S STRONG ECONOMY OPENS ITSELF UP TO FOREIGN INVESTMENT February 15, 2011 HEAD OF PRODUCT, BARCLAYS STOCKBROKERS Last week, the London Stock Exchange struck a deal with TMX Group, the operator of the Toronto Stock Exchange. The deal looks likely to reduce costs for users, offer greater levels of liquidity and provide broader access to mining and natural resources stocks. For investors, this is particularly attractive at [...]