Daily Markets - Goldman’s Top Economist Sees Second Half Slowdown

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• Goldman’s Top Economist Sees Second Half Slowdown
• Euro Zone: No Evidence Of A Double-dip Recession, Yet
• Charlie Rose: Face To Face With Timothy Geithner
• Are Equities Cheap? Well, That Depends …
• The “Crawling Pattern” In The U.S. Stock Market And U.S. Dollar Index
• Forex Trading: Euro Falls After Several Spanish Savings Banks Fail Stress Tests
• Forex Trading: Euro-Zone Bank Stress Test Results Expected Today
• Will The U.S. Stock Markets Break Through The Major Resistance?
• Crude Oil Approaches Channel Top, Gold Bounces Back Despite Investor Liquidation
• Buy/Sell Trading Signals For The Market Vectors Gold Miners ETF (GDX)
• Singapore Stock Market Update For Friday 23 July

Goldman’s Top Economist Sees Second Half Slowdown Posted: 23 Jul 2010 03:12 AM PDT Goldman Sachs' Jan Hatzius has just released a new report on the U.S. economy subtitled "The second half slowdown." The report (courtesy of Business Insider via Paul Kedrosky) details the key headwinds facing the American economy, many of which have the impact of building a deflationary … [visit site to read more]

Euro Zone: No Evidence Of A Double-dip Recession, Yet Posted: 23 Jul 2010 03:01 AM PDT Markit released its flash euro zone PMIs yesterday. The number surprised on the upside as most observers were expecting declines. The Services Business Activity Index came in at 56.0 compared to June's 55.5, while the Manufacturing PMI at 56.5 compared to 55.6 in June is at a three-month high. Markit reported that output growth had picked up in both manufacturing and services, with manufacturing output showing the strongest rise since October 2006. Employment continues to rise, while stocks … [visit site to read more]

Charlie Rose: Face To Face With Timothy Geithner Posted: 23 Jul 2010 02:52 AM PDT In this interview, Charlie Rose sits down with Treasury Secretary Timothy Geithner. A link to the transcript of the interview follows at the end of the post Click here or on the image below to view the video. Click here for a transcript of the … [visit site to read more]

Are Equities Cheap? Well, That Depends … Posted: 23 Jul 2010 02:43 AM PDT By Shaun le Roux, Alphen Asset Management. There are some pretty strong views out there as to whether equities (domestic and foreign) are cheap or not. Unsurprisingly, some commentators and fund managers are of the view that equities are a screaming buy and others are of the opinion that the market is significantly overvalued. So, are equities cheap or not? Well, it depends. Firstly, it depends on whether you are looking at equities in absolute terms or in relative terms. There … [visit site to read more]

The “Crawling Pattern” In The U.S. Stock Market And U.S. Dollar Index Posted: 23 Jul 2010 02:01 AM PDT One of the few patterns that I actually pay attention to besides triangles and the T1 pattern is the “crawling pattern”. Most of the time this plays out in bearish fashion as a stock or index crawls or bumps along a rising 50 day moving average. Once the support breaks it’s usually followed by an aggressive move down to test the 200 day moving average. Recently we saw this pattern play out in the dollar index. As you can see when support broke the dollar moved … [visit site to read more]

Forex Trading: Euro Falls After Several Spanish Savings Banks Fail Stress Tests Posted: 22 Jul 2010 11:05 PM PDT After testing the 100% retracement level on the move from the high to the low on July 21st, the euro has weakened after it was released that several Spanish savings banks have failed the stress test. Shown on the chart below, the pair made a full retracement yesterday but could not close above. After retreating, it has tested the 1.2913 level multiple times. Currently, the EUR/USD is trading around the 1.2870 level which is a support level from the beginning of the week. If the downward … [visit site to read more]

Forex Trading: Euro-Zone Bank Stress Test Results Expected Today Posted: 22 Jul 2010 10:56 PM PDT Euro-Zone Bank Stress Test Results Expected Today The Euro managed to erase most of its weekly losses against the Dollar yesterday, as investors expect bank test results to show that the Euro-Zone’s condition is stabile. The market waits to hear that the Euro-Zone’s debt crisis is not a threat to the region’s stability. Will the Euro strengthen following the test results? Economic News USD - Bernanke’s Testimony to Weaken the Dollar The Dollar slid against most of the major currencies during … [visit site to read more]

Will The U.S. Stock Markets Break Through The Major Resistance? Posted: 22 Jul 2010 10:01 PM PDT No matter what index a trader monitors activity, all three key US Equity Indexes are bumping up against critical resistance levels, where a break solidly above these levels would be a major game-changer to the short-term structure in place. Let’s take a moment to learn these levels on the three charts, and be prepared for the upward reaction that would occur on a solid break, or the downward move that is likely if resistance holds. First, the S&P 500: Rather than do an … [visit site to read more]

Crude Oil Approaches Channel Top, Gold Bounces Back Despite Investor Liquidation Posted: 22 Jul 2010 08:39 PM PDT Crude oil continues to move within the now well-established upward trend, as bearish fears slowly fade into the background. Gold’s recent positive correlation with risk appetite continued on Thursday. Commodities - Energy Crude Oil Approaches Channel Top Crude Oil (WTI)        $79.06       -$0.24        -0.30% Commentary: Crude oil soared $2.74, or 3.58% on Thursday, as strong corporate earnings announcements and … [visit site to read more]

Buy/Sell Trading Signals For The Market Vectors Gold Miners ETF (GDX) Posted: 22 Jul 2010 08:08 PM PDT Just when you thought trading the Market Vectors Gold Miners ETF (GDX) was a nightmare, you read this post and say to yourself, “hey, I can do this!” Anyone who reads this post, gives it a little thought and uses an ounce of common sense will be able to not only trade GDX for profit, you will be able to trade GDX for as much money as you have the guts to risk. Surely you think I am kidding.  But I am not. Here is the thing.  There is an indicator that you can use at … [visit site to read more]

Singapore Stock Market Update For Friday 23 July Posted: 22 Jul 2010 06:30 PM PDT Morning Highlights U.S. stocks rally on earnings news and European economic data; Dow up 150 points. Singapore market rose in opening trade on overnight Wall Street gains, with STI open at 2972.55. CRCT Q2 distributable income up 7.3%, DPU at 2.07 cents Watch out for Economic News Release Today: Singapore’s June CPI figures Corporate Announcements: Cosco announced that another 2 of its shipbuilding contracts (out of 15 announced in June) have become effective following the payment of … [visit site to read more]

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