DailyFX Tips & Picks: Analyst’s pick May 12, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short euro basket Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks At the current juncture, the ECB has now enhanced its forward guidance with the promise of more dovish policy action in June. The problem is that, [...]
How comics reflect a very British psyche May 12, 2014 ARTS COMICS UNMASKED British Library | By Steve Dinneen Four Stars FOR AN art form that is seen as quintessentially American, we Brits have a disproportionately large influence on the world of comics. It wasn’t always so: for decades our publications evolved as largely insular, unmistakeably British alternatives to the musclebound US titles. But in [...]
Behind the curve: Beware of Fed-induced asset bubbles May 5, 2014 Yellen risks making the same mistake as Greenspan in 2004 FEARS that the US recovery may falter were reawakened last week, with the advanced estimate of first quarter GDP coming in at an annualised 0.1 per cent, down from 2.6 per cent in the final quarter of 2013 (see chart). The dollar fell by 0.4 [...]
CNBC Comment: Bulls versus bears on stock valuations May 5, 2014 IT MIGHT seem a long time until 13 September, but at the beginning of May it’s a key date. This year it brings Britain’s classic horse race, the St Leger. It’s also the day when, according to the old saying, investors should put their money back into the stock market after selling in May. There’s [...]
DailyFX Tips & Picks: Why the Eurozone’s problems haven’t disappeared May 5, 2014 IT’S HARD to imagine, but it wasn’t even two years ago that the potential for a break-up of the Eurozone was front page news. The euro was in a tailspin from May 2011 into July 2012, losing roughly 20 per cent of its value against the US dollar. Break-up scenarios emerged; difficult talk of abandoning [...]
DailyFX Tips & Picks: Analyst’s pick May 5, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay short euro-Aussie, short euro-dollar Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks We look to the ECB’s May policy meeting as a filler before the June meeting, at which the ECB will make adjustments to its [...]
Sterling’s enduring strength: Not the bad news some fear April 28, 2014 A strong pound brings opportunities for the discerning trader NEWS of a stronger pound is often accompanied by alarmist warnings over the consequences for the UK economy. Entrepreneur and economist John Mills has recently campaigned for a devaluation of sterling to boost British manufacturing competitiveness in the long term. And many fear that a stronger [...]
CNBC Comment: It’s vive la difference for European M&A April 28, 2014 CAN THERE be a clearer illustration of the difference between French and British attitudes to business than this week’s M&A headlines? Once again, the French have been accused of erecting the barricades to repel an Anglo-Saxon corporate takeover, while there is a deafening silence in Westminster about a jewel in British pharma potentially being gobbled [...]
DailyFX Tips & Picks: Why the Chinese yuan has been plummeting this year April 28, 2014 A NEW and exciting currency pair has entered the stage and, with it, a strong rally. The newly introduced USD/CNH is the offshore equivalent of the Chinese yuan and, since the start of 2014, it has rallied by 2,300 pips. A rally in this case means a depreciation of the Chinese yuan. At the beginning [...]
DailyFX Tips & Picks: Analyst’s pick April 28, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay short euro-Aussie, short euro-dollar Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks Forex traders should rejoice at the end of April. It has been a month to forget: 10-day euro-dollar average trading range (ATR) is at [...]