Gold jumps to new heights as dollar dips November 25, 2009 GOLD jumped to another record high yesterday, while the dollar dropped to a 15 month low against a basket of currencies after a batch of US data indicated the economic recovery was strengthening. The data, showing positive trends in the housing and labour markets and in consumer spending, helped lift US and European shares while [...]
Apps that can keep you connected when you’re travelling for business January 27, 2010 THEY may not be able to check your luggage in for you, but there’s a growing number of apps designed to help take the stress out of travel. One of the most comprehensive is Flight Update (£2.99), which allows you to enter the details of pretty much any flight, track its status and glean lots [...]
UAE’s stock markets plummet on debt fears November 30, 2009 STOCK exchanges in Abu Dhabi and Dubai suffered record one-day losses yesterday on the first day of trading since Dubai World asked for a six-month delay in repaying its £36bn debt. Abu Dhabi’s Securities Exchange suffered the largest one-day loss in its history, ending the session down 8.3 per cent yesterday. Dubai dropped 7.3 per [...]
China restates its policy for stabilising the yuan November 10, 2009 CHINA yesterday reiterated its policy to maintain the stability of the yuan at a reasonable and balanced level. Beijing was responding to comments on Monday by US President Barack Obama, who said he would discuss the currency when he visits the country next week. Chinese Foreign Ministry spokesman Qin Gang said China would keep improving [...]
People don’t come here for the weather December 13, 2009 In 1733, Voltaire, one of France’s greatest thinkers, wrote a series of letters on the English nation, describing some of the extraordinary going-ons he had discovered during his exile to this country. The findings scandalised many of his French readers, then a truly statist and anti-capitalist nation. “Go into the London Stock Exchange – a [...]
Efforts to stem FX inflows are futile November 24, 2009 WHEN Brazil introduced a tax on capital inflows last month, it was a clear sign that governments are becoming increasingly concerned about the impact on their economies and on their currencies of a weakening dollar, and of foreign investors piling into their stock markets and bonds in search of higher yields. Other emerging nations have [...]
DON’T EXPECT THE YEN TO FALL SHARPLY December 16, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM DEBTS, deficits and creditworthiness may have reared their ugly heads of late in the Middle East, the Eurozone and the UK but the reappearance of economic growth in most countries by the end of the fourth quarter of 2009 should ensure that the market starts the new year with at [...]
YUAN’S PEG A PROBLEM FOR STRONG EURO November 15, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMCURRENCY flexibility in Asia is a contentious issue, so the appearance of US President Barack Obama and US Treasury secretary Tim Geithner at the Asia-Pacific Economic Cooperation (Apec) meetings last week immediately brought the topic back into the spotlight. Geithner made the most of the opportunity to stress the importance of flexible [...]
FOREX FLASH November 24, 2009 JPMorgan sees further falls for buck JPMorgan yesterday cut its 2010 forecast for the US dollar and predicted that the greenback will fall to as low as $1.62 per euro in the second quarter of next year. The continuing decline in the dollar will be driven by signs that the Federal Reserve will keep its [...]
Tourists will fill West End November 8, 2009 CENTRAL London shops expect to receive a glut of foreign customers this winter, enticed to the capital by the current weakness of the pound. The New West End Company, which represents retailers in Oxford Street, Regent Street and Bond Street, is expecting a 5-10 per cent year-on-year increase in foreign shoppers over the festive period. [...]