Don’t let abrupt Grexit moves shake you out the market – DailyFX Tips & Picks June 29, 2015 WITH the heightened risk of a Grexit, traders are looking for ideas to take advantage. One popular idea is to trade the Dax. But as we saw yesterday morning, the Dax fell 5 per cent from its Friday close. Abrupt moves like this could be the end for any leveraged trader. This highlights the need [...]
Former F1 boss Martin Whitmarsh plotting a course to historic America’s Cup triumph June 29, 2015 He may be more accustomed to masterminding motorsport success, but ex-Formula One team boss and sailing convert Martin Whitmarsh is now focused on creating history and ending the interminable wait for British glory in the America’s Cup. Read more: Ainslie has arrived just as the true Cowes sailing business begins Former McLaren chief [...]
Get to the chopper: The number of helicopter journeys around London has fallen (although it peaks at Glastonbury time) June 24, 2015 The UK's economic recovery may be about to enter its final stages – but are the super-rich still feeling the strain? Figures show the number of helicopter flights around London still hasn't recovered to 2008 levels – and it's still falling. Figures produced for City A.M. by the Civil Aviation Authority (CAA) show the number [...]
Alarm bells sound over record deficit: Growing gap in the current account could mean markets turn against UK, experts warn June 22, 2015 The UK economy has given investors little cause for concern recently. But one of our vital statistics is worrying, and experts are warning of trouble ahead. Our current account deficit – which shows how much more we pay out overseas than bring in – is the worst since records began in 1948. In simple [...]
My mid-life crisis over technology stocks – CNBC Comment June 22, 2015 Nostalgia is a dangerous thing. A couple of years ago I broke a golden rule of mine. I went to a LIFFE market reunion. It was a big mistake. There is nothing worse than a bunch of greying, balding, slightly tubby middle aged men (mostly) banging on about how great times were “back on the [...]
How to use crowd behaviour to trade the markets – DailyFX Tips & Picks June 22, 2015 Most retail traders consistently try to fade an ongoing trend. We don’t know why they do this, but it appears to be the “default” trading strategy of most new traders. We know this because retail brokers publish “sentiment” indicators showing the positioning of their clients, and we can compare these with the price trend of [...]
China’s crunch point is approaching fast – CNBC Comment June 15, 2015 China will grow this year at a rate that will put the developed world to shame. It will probably grow next year and the year after that too. But the country’s 7 per cent gross domestic product (GDP) growth rate is not what the market cares about. It cares about momentum and performance relative to [...]
How Greek default will affect markets June 15, 2015 On June 30, Greece must pay €1.6bn to the IMF or default and face expulsion from the Eurozone. With talks breaking down over the weekend, which markets could suffer most in the event of a Greek default? EQUITIES Equity markets on the periphery are at risk of destabilisation if capital is repatriated from exposed [...]
Why the New Zealand dollar still has further to fall – DailyFX Tips & Picks June 15, 2015 The Reserve Bank of New Zealand did indeed cut rates at last week’s meeting, catching the markets off guard. The Official Cash Rate was reduced by 25 basis points to 3.25 per cent. New Zealand dollar-dollar followed suit and declined to $0.6940 from $0.7230, before price started to digest its losses. We expect New Zealand [...]
Magna Carta 2015: Timeline of the last 800 years from King John and the barons to Magna Farta and horsetrading in World War II June 15, 2015 Today marks the 800th anniversary since King John put his seal to Magna Carta, the document traditionally seen as enshrining rights to a fair trial, of property and ownership and that the monarch is not above the law. But while celebrations will commemorate one document, as this timeline shows, the road to the foundations [...]