DailyFX: Analyst picks December 2, 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 remains in play and, after considerable upside over the past few days, I have moved up my trailing stop. Previously, it was held [...]
The Long View: Angelina Jolie shows us a glimpse of our future – if regulators let us have it November 29, 2013 How do you regulate the future? We live in an age of miraculous, disruptive technologies, yet one of its great challenges is how to keep the lumbering process of regulation from putting the brakes on human inventiveness. Take genetic testing: this week 23andMe, a pioneering US firm that offered to scan your genetic code for potential [...]
Inside Africa’s megacity: God, oil, and traffic chaos in Lagos November 29, 2013 From the Nollywood film industry to shanty-dwellers with a line in tech imports, Nigeria’s biggest city reveals its secrets to Alex Dymoke NO ONE knows quite how many people live in Lagos. Nigeria’s 2006 census put the official figure at just under 8m. The UN estimated the number for 2011 at 11.2m. Others say it’s [...]
The winners and losers from Iran nuclear deal November 25, 2013 While oil prices may decline and safe havens could lose favour, not everything hinges on diplomacy The Iranian nuclear agreement, struck in the early hours of Sunday morning, has been hailed as historic – laying the foundations for a more comprehensive deal in the next year. And markets have bought in to this optimism. Brent [...]
Why understanding risk management is key to trading success November 25, 2013 FOREX trading – like any trading – is not without risk, so education and a sound risk management strategy are key to achieving any level of success. Learning to manage your positions, and to understand leverage and margins, is critical. When you open a trade (or position), it is active in your account and subject [...]
CNBC Comment: Watch out for the IPO boom froth November 25, 2013 CHEER has returned to London’s initial public offering (IPO) market. By the end of October, over $24bn (£14.8bn) had been raised in European IPOs in 2013, more than double the corresponding amount at the same point in 2012. And almost half of 2013’s total was raised on the London Stock Exchange. But investors may want [...]
DailyFX: Analyst picks November 25, 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 took half profit on my sterling-yen long position at ¥161.45 (closed from ¥158.30 and ¥160.00), leaving my net long entry at ¥160.80 (from ¥160.16 and ¥161.45). With holiday [...]
China’s bold reform plan won’t halt growth slide November 18, 2013 Reform of state-owned enterprises may boost productivity but politicised decisions will continue Euphoria over the reform agenda released by China’s Communist Party on Friday helped push global shares to a six-year high yesterday. Chinese stocks listed offshore rose by 6 per cent, their best trading day in two years, while domestic shares increased by 2.9 [...]
Fundamental analysis is a vital weapon –if you keep on top of the data November 18, 2013 AFTER last week’s focus on technical analysis in forex – where I looked at how analysing charts and data trends can assist a trader’s performance – this week, I’ll consider another important element in trading forex: fundamental analysis. Fundamental analysis is the interpretation of statistical reports and economic indicators. Interest rates, employment reports, and the [...]
CNBC Comment: Romania risk hinges on euro fine print November 18, 2013 COUNTRIES once fell over each other to gain membership of the exclusive Eurozone club. But following four bailouts, the rich crowd now looks more like a liability. Romanian Prime Minister Victor Ponta’s face twisted into a wry smile when I asked him if he is waiting to see how the Eurozone appears in several years’ [...]