Monday, August 2, 2010

Daily Markets - ERCI Leading Indicator: The Debate Continues …

Daily Markets - ERCI Leading Indicator: The Debate Continues …

ERCI Leading Indicator: The Debate Continues …

Posted: 02 Aug 2010 02:48 AM PDT

I have had numerous comments on my previous article ECRI WLI: Slowdown or double-dip recession. They all centred on the following:
•  When the ECRI WLI smoothed annualised growth rate reaches extreme levels a recession follows and equity prices fall.
•  There is no relationship between the ECRI WLI smoothed annualised growth rate and the yield on U.S. long bonds.
Well, let me put my cards on the table. I believe we have found the algorithm for the smoothed annualised growth rate … [visit site to read more]

Embry: Gold’s On The Cusp Of A Parabolic Move Up

Posted: 02 Aug 2010 02:43 AM PDT

John Embry is chief investment strategist at Sprott Asset Management and always worth listening to when it comes to gold bullion. The following are excerpts from his recent article published in Investor's Digest of Canada (courtesy of GATA).
"Gold moved to several new all time highs in the month of June despite the absence of any overt enthusiasm for the yellow metal amongst the general public. Sentiment is remarkably negative when one considers the fact that were it any other asset class … [visit site to read more]

Face To Face With BlackRock’s Peter Fisher On US Treasuries

Posted: 02 Aug 2010 02:36 AM PDT

Despite the rally in Treasuries, Peter Fisher, who oversees $1 trillion in fixed income for Blackrock, says it's not time just yet to talk of a bubble. In an interview with Henny Sender, FT's International Financial Correspondent, Fisher also discusses possible defaults in the muni market, the right direction for fiscal policy and the prospects for Europe.
Click here or on the image below to view the clip.

Fisher also played long-short – click … [visit site to read more]

Telltale Signs Of A Slowing Economic Recovery …

Posted: 02 Aug 2010 02:28 AM PDT

Forex Trading: Euro Final Manufacturing PMI

Posted: 02 Aug 2010 01:02 AM PDT

The EUR traded slightly higher after the Eurozone's July final manufacturing PMI came in unchanged at 56.5; slightly better than the survey of … [visit site to read more]

Crude Oil Hovers Under Resistance, Gold Tries To Regain Composure

Posted: 01 Aug 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Hovers Under Resistance
Crude Oil (WTI) $79.25 +$0.30 +0.38%
Commentary: Last week saw crude oil dip early in the week and then rebound late in the week to finish essentially flat in the period. With risk appetite across the broad financial markets returning, crude oil prices should be well-supported early this week, but there are two releases to watch out for. The first is the U.S. DOE inventory report on Wednesday. Last week saw an enormous build that sent … [visit site to read more]

Forex Trading: USD/JPY Testing Hourly Resistance

Posted: 01 Aug 2010 11:20 PM PDT

The USD/JPY pair, which is currently trading near session highs, is testing resistance on the hourly chart which comes in around 86.73; an old support level from over a week ago. Adding support in this area is the 38.2% fibo line on the move from the high on July 28th to Friday's low, which comes in at 86.765. If resistance holds, we may see the pair revisit the 86.45 level (23.6% retracement … [visit site to read more]

Forex Trading: Riskier Currencies On Top Following Market Opening

Posted: 01 Aug 2010 11:15 PM PDT

Riskier Currencies on Top Following Market Opening
Riskier currencies like the EUR and U.K. pound made significant gains against both the Yen and U.S. Dollar in overnight trading, as the markets prepare for a heavy trading week. Traders will want to pay attention to a number of news events today, and should keep in mind that the all-important U.S. Non-Farm Employment Change is set to be released on Friday.
Economic News
USD - Dollar Remains Low vs. European Currencies
While the USD has halted … [visit site to read more]

Uranium Looking Bullish Again?

Posted: 01 Aug 2010 10:01 PM PDT

Uranium soared from $10 a pound in 2000 to a stunning $136 a pound in 2007 - and then the bottom fell out. After three lean years, could another bull market be ahead?

According to the Ux Consulting Company, which tracks the price of uranium, the July 26 weekly spot price for U308 was $46 per pound. That is a 15% spike from the February lows around $40 per pound.

So does uranium at $46 per pound count as cheap, or expensive? That depends on how you look at it…

In the year 2000, … [visit site to read more]

7 Reasons To Consider Brazilian Banks

Posted: 01 Aug 2010 08:17 PM PDT

As Brazil continues to witness stellar economic growth, its financial sector appears to show signs of optimism and for good reason. 
First off, the Latin American nation has a healthy balance sheet.  Public sector debt is roughly 40% of GDP and the average capital adequacy ratio of Brazilian banks is 18.2%, as compared to 14.3% in the United States and 10% in China, states a report by Bank of America (NYSE:BAC).
Additionally, Liam Denning of the Wall Street Journal states that Brazil is … [visit site to read more]

For Investors, The Apparent Killing Of “Cap And Trade” Is Good News

Posted: 01 Aug 2010 07:01 PM PDT

When U.S. Sen. Harry Reid, D-NV, last week disclosed that the so-called “cap-and-trade” energy proposal that passed the U.S. House of Representatives last year would not be taken up by the Senate, climate-bill proponents were deeply dismayed.

Indeed, Financial Times columnist Clive Crook even said that the United States “has let the world down on climate.”

But here’s the irony. With the Senate’s refusal, we may just have moved a step closer to a climate change policy that will … [visit site to read more]

Singapore Stock Market Update For Monday 02 August

Posted: 01 Aug 2010 06:39 PM PDT

Morning Highlights

Singapore market got a lift after Wall Street wrapped up its best month in a year following reports of strong earnings that offset the impact of poor economic data. STI gapped up 24.14 points to open at 3011.84.
Other Asia stocks were also trading higher, with Tokyo market spurred by strong earnings reports.  

Sembcorp Industries said on Monday it has increased its stake in Cascal to 96.43%, at US$6.75 per share

Tiger Airways up 1.5 % in early trade after it … [visit site to read more]

CNBC: CNBC: Who Is Buffett’s New Man?

Posted: 01 Aug 2010 10:00 AM PDT

Li Lu

A look at who might become the most powerful man in the world, with Matt Comyns, JLM Pacific Epoch CEO. Coymns discusses the possibility of Li Lu succeeding Buffett, and becoming the new Chief Investment officer of berkshire Hathaway.
The second video is a round table discussion of Li Lu.

… [visit site to read more]
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