CNBC Comment: Why Draghi can’t relax this summer June 30, 2014 WHO’D be a central banker? As soon as you restore bond and equity markets to calm or even optimism, investors start fretting about something else. Most major Western economies have returned to economic growth, and countries that were causing sleepless nights just a couple of years ago, like Spain and Ireland, appear to be market [...]
DailyFX Tips & Picks: Searching for volatility: What traders should look for June 30, 2014 THE DAYS when we would experience broad-based US dollar gains or sell-offs are long gone. With forex volatility reaching new lows, traders need to adapt and turn picky when choosing which currencies to trade. So what has been (and will likely continue to be) a good leading indicator of volatility? RELATIVE YIELD SPREADS With the [...]
DailyFX Tips & Picks: Analyst’s pick June 30, 2014 CHIEF STRATEGIST JOHN KICKLIGHTER My pick: Long Aussie-dollar, short Kiwi-dollar, short sterling-Aussie Expertise: Fundamental and technical analysis with risk management Average time frame of trades: One day to one week Market conditions are the number one concern moving through this week. The US Independence Day market holiday has a history of draining liquidity and anchoring [...]
From plates to plinths: David Shrigley set to transform Soho’s Sketch and Trafalgar Square June 26, 2014 David Shrigley is best known for his pithy sketches; surreal, misanthropic depictions of modern life. His work straddles the worlds of fine art – he was nominated for the Turner Prize last year and will be the 13th contemporary artist to show his work on Trafalgar Square’s fourth plinth – and pop culture, with books [...]
Etihad Airways attempts to save debt ridden Alitalia in deal June 26, 2014 ETIHAD Airways, Abu Dhabi’s state owned airline, said yesterday it had agreed a deal in principle to buy a 49 per cent stake of troubled Italian carrier Alitalia. Alitalia, Italy’s flag-carrier airline, has rarely made a profit in its 68-year history. It was propped up with large state subsidies before being privatised in 2008, and [...]
The new rules of business dress: Is casual dying? June 26, 2014 It’s not just about perceptions – make use of “enclothed cognition” Ever since “business casual” exploded onto the sartorial scene in the 1990s, predictions of the death of smart business dress have come thick and fast. Levi’s posted an eight-page brochure titled A Guide to Casual Businesswear to around 25,000 human resource managers in the [...]
CNBC Comment: Questions for Carney: One year on June 23, 2014 BETTER a lucky governor than one that’s always right. At least, that’s what Mark Carney will be hoping for as he faces MPs today – almost a year to the day since he took over at the Bank of England. After all, the Treasury Select Committee could find plenty of things to quiz Carney about. [...]
DailyFX Tips & Picks: Short-term and long-term trading: The pros and cons June 23, 2014 ONE great thing about the FX market is choice. You can trade a multitude of time-frames, with short-term trading the most popular. In fact, the average trader trades three times per day. Short-term trading can be anything from “scalping” to “intraday” trading. Scalping means entering and exiting a trade over a very short period, usually [...]
DailyFX Tips & Picks: Analyst’s pick June 23, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Waiting for euro-dollar, euro-yen range breaks Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks With European bond yields falling, equities rising in price, and the euro staying elevated in the wake of the ECB meeting, we can [...]
CNBC Comment: Don’t expect oil respite from Iran or Iraq June 16, 2014 IT’S A busy fortnight for oil traders. First, there was the Opec meeting in Vienna last week. Hot on its heels came the unexpected crisis in Iraq, the second largest Opec producer, which resulted in nine-month highs for West Texas Intermediate and Brent Crude prices on concerns over supply disruption. And there will be no [...]