DailyFX Tips & Picks: How traders can handle geopolitical risk in the markets June 16, 2014 WITH uncertainty comes strong market moves – the latest example being the tense situation in Iraq. The effect on oil markets has not been delayed, and we have already experienced a strong price surge. And oil prices could rise even higher, given market panic. This is the effect of geopolitical risk. The other geopolitical risk [...]
DailyFX Tips & Picks: Analyst’s pick June 16, 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 days to a few weeks Despite a cascade of geopolitical headlines over the weekend – civil war sweeping across Iraq and Russian company Gazprom shutting off gas supplies [...]
Fitness challenge: the results after 10 weeks June 16, 2014 Everything I thought I knew about getting fit was wrong. Go running, avoid fat. Wrong, wrong, according to my trainer. And after my 10 week programme (eleven and a half factoring in holidays), I’m not inclined to argue. The results of my “total body transformation” were more impressive than I’d thought possible three months ago. [...]
Asia Resource Minerals boss Nick von Schirnding moves after losing support from major shareholders June 13, 2014 Asia Resource Minerals, the scandal-struck Indonesian coal miner formerly known as Bumi, has decided to replace its chief executive Nick von Schirnding after he lost support from major shareholders. The London-listed firm said yesterday that it was more appropriate that the company’s chief executive be based in Indonesia. Von Schirnding will not stand for re-election [...]
Mario Kart 8 is the game that Nintendo’s Wii U needs right now June 11, 2014 Mario Kart 8 is both joyous and frenetic, nostalgic but packed with twists and innovations. It’s exactly the game Nintendo needs right now, a strong – albeit lonely – argument for investing in a Wii U (an argument that will be considerably strengthened if the Japanese firm can repeat the trick with its upcoming Star [...]
The labour squeeze: How slow reform threatens Abenomics June 9, 2014 More QE cannot be a substitute for labour market reform JAPANESE shares hit a three-month high yesterday, boosted by an upward revision to first quarter GDP and Friday’s strong US jobs report. The Japanese government announced that the economy grew at an annualised 6.7 per cent in the first quarter, up sharply on the initial [...]
Trading the World Cup: Shrewd betters look to Argentina June 9, 2014 THE WORLD Cup kicks off in Brazil this Thursday, and some put the figure that is going to be wagered at a cool £1bn. It’s an extraordinary number, and quite what the bookmakers’ liabilities are on a win for the favourites Brazil is anyone’s guess. With raucous home support, and star names like Neymar, David [...]
CNBC Comment: The truth behind the index of fear June 9, 2014 HERE we go again. We heard more gumpf last week about the precipitous decline of the Vix market volatility index, and how the “Index of Fear” has fallen to seven-year, pre-crisis lows. Maybe if I say “Index of Fear” enough times I can convince myself, and anyone reading this column, that it is a big, [...]
DailyFX Tips & Picks: Why the ECB’s rate cut left many traders disappointed June 9, 2014 With the ECB lowering the overnight deposit rate to negative territory last week, many traders were left disappointed. Euro-dollar did not break lower. The reason was market expectations and risk reward ratios, which many fail to take into account when trading. Markets are forward-looking: people take positions today, expecting a specific outcome in the future. [...]
DailyFX Tips & Picks: Analyst’s pick June 9, 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 days to a few weeks The ECB has dampened stimulus speculation as a driver for the 18-member currency, so we turn our attention back to the charts for [...]