CNBC Comment: Market blinkered over Irish comeback December 16, 2013 IRELAND has completed a remarkable comeback and has become the first of the European bailout countries to exit the programme. It’s an amazing achievement given everything that has been thrown at Eire. Genuinely well done! OK, enough of the back-slapping. As we clear away the party poppers in Dublin and Brussels, perhaps someone should remember [...]
DailyFX: Analyst picks December 16, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks I remain long on sterling-yen from ¥167.05, despite the brief pullback from yearly highs just above ¥170.00. As long as momentum remains bullish, sterling-yen remains a buy on dips. [...]
Sterling’s strength could reverse before too long December 9, 2013 Despite signs of a strong UK recovery, the pound may suffer from Fed tapering and an improving Eurozone, says Liam Ward-Proud The pound’s enduring strength since the summer has caught many by surprise. Towards the end of June, with sterling-dollar just below $1.55, Morgan Stanley strategists expected it to fall to $1.45 in the third [...]
The common mistakes made by new traders – and how to avoid them December 9, 2013 IN THIS final column, I outline some common pitfalls for new traders. Trading forex is not a get-rich-quick scheme: there is a steep learning curve to understanding the markets and the factors that influence exchange rates. ABSENCE OF A SOUND TRADING PLANYour overall plan should include the currencies you intend to deal in, the amount [...]
CNBC Comment: The truth behind Peacocks’ demise December 9, 2013 HAVING gone bust over a year ago, failed fashion chain Peacocks is living up to its name and preening for all it’s worth. With the help of Lawrence Tomlinson, entrepreneur-in-residence to Vince Cable, the old bird seems to be trying to pin the blame for its 2012 collapse on RBS. In fact, thanks to Tomlinson [...]
DailyFX: Analyst picks December 9, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The sterling-yen long from net ¥160.80, after upside the past few weeks, was knocked from its original entry on 5 December. The stop was held at ¥165.80 to lock [...]
The Brit who managed to tough it out in unfamiliar territory December 9, 2013 Annabel Palmer talks strength, endurance and electric wires with Will Dean, co-founder of Tough Mudder and Englishman in New York THE growing obsession with wellbeing has now reached a point where 12-mile obstacle courses, designed by British Special Forces and incorporating icy cold water and electric wires, are among the most popular fitness events in [...]
A data-driven Fed could well taper in December December 2, 2013 But whenever the QE wind-down begins, a dramatic pull-back for equities will not necessarily follow In a data-heavy week for the US, investors will scrutinise consumer sentiment, revised GDP figures, and the crucial non-farm payroll report on Friday for signs that the Federal Reserve could judge the US economy ready for the start of tapering [...]
How to select the most appropriate broker for your FX trading needs December 2, 2013 FOR THOSE starting out in forex trading, one of the first challenges is selecting a forex broker. This can prove to be a daunting task but, like any other product or service, it is generally the best combination of price value and quality of service that leads to the final selection. Here are some points [...]
CNBC Comment: Why US equities could stay strong December 2, 2013 THE US stock markets are flying high. Last week, the S&P 500 saw gains for the eighth consecutive week. But will it continue? I was reading the most recent Barclays Global Macro Survey, and thought I’d share a few of its main findings with you. While it is no surprise that the possibility of the [...]