Daily Markets - Forex Trading: Eurozone Flash GDP

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• Forex Trading: Eurozone Flash GDP
• Will Further Quantitative Easing By The Fed Destroy The U.S. Financial System?
• Crude Oil Falls On Growth Concerns, Gold Regains Safe Haven Status
• Forex Trading: US Dollar Gaining Ground; Analysts Uncertain About Why
• Crude Oil Inventories Watch: Week Ending 08/06/2010
• Can The US Avoid Bankruptcy And Currency Reform?
• Bear Of The Day: Pulte Group
• Aggressive Growth Stock: Rudolph Technologies
• Momentum Stock: Stanley Black & Decker, Inc.
• Bull Of The Day: Wyndham Worldwide Corp
• Growth & Income Stock: Expeditors International
• Forex Trading: Eur/Jpy Toying With Hourly Resistance
• U.S. Stocks Still Have Potential For Further Downside
• A Dead Cat Bounce In The U.S. Stock Markets?
• Same Issues, Different Choices?
• Singapore Stock Market Update For Friday 13 August
• Breaking Into The Circle Of Fear

Forex Trading: Eurozone Flash GDP Posted: 13 Aug 2010 02:03 AM PDT Eurozone Flash GDP q/q came in at 1.0%, stronger than the 0.7% expected. The market anticipated a stronger reading based on the positive German GDP released earlier in the session. No market reaction to this number as Eur/Usd remains at … [visit site to read more]

Will Further Quantitative Easing By The Fed Destroy The U.S. Financial System? Posted: 13 Aug 2010 01:01 AM PDT Prior to the financial crisis of 2007 and 2008, the Federal Reserve could always count on being able to stimulate the U.S. economy with a quick cut to interest rates.  But now with interest rates just barely above zero, the Federal Reserve is searching for other ways to pump life into a U.S. economy that is staggering about like a drunken college student.  One of the ways that the Federal Reserve can do this is through something called “quantitative easing”.  In essence, what happens … [visit site to read more]

Crude Oil Falls On Growth Concerns, Gold Regains Safe Haven Status Posted: 13 Aug 2010 12:00 AM PDT Commodities – Energy Crude Oil Falls on Growth Concerns Crude Oil (WTI) $76.31 // +$0.57 // +0.75% Commentary: Crude oil fell notably for the third day in a row, shedding $2.29, or 2.92%. Over the last three sessions, the commodity has lost $5.74, or 7%. Weak economic data, especially out of the U.S., has challenged the optimism that was developing in financial markets. Whether the recent sell-off is merely a correction of the significant rally off the May and June bottoms or the start of a … [visit site to read more]

Forex Trading: US Dollar Gaining Ground; Analysts Uncertain About Why Posted: 12 Aug 2010 11:55 PM PDT US Dollar Gaining Ground; Analysts Uncertain about Why With retail sales and consumer confidence figures expected from the United States later today, there is a high possibility that the greenback will experience a modest level of volatility before the market closes out for the weekend. If the figures come in line with the expected wave of positive news, the USD could go either way depending on which forces are actually in control of the market. If optimism is in charge, then positive figures … [visit site to read more]

Crude Oil Inventories Watch: Week Ending 08/06/2010 Posted: 12 Aug 2010 11:51 PM PDT Total petroleum inventories increased counter seasonally. The surplus now stands at 82.595 million, or 7.9% above the 5-year average, up from 7.7% in the prior week. Total petroleum inventories remain at 10-year highs and above the year ago level. Crude oil inventories decreased more than normal, but remain slightly ahead of the year ago level. The overall surplus to the 5-year average decreased to 27.816 million barrels, or 8.5%, down from 9.1% a week ago. Product inventories continue their … [visit site to read more]

Can The US Avoid Bankruptcy And Currency Reform? Posted: 12 Aug 2010 11:07 PM PDT The US Treasury reported that the budget deficit hit $165 billion in July which is actually less than the near $180 Billion in July of 2009. Month to month activity is volatile so it is best to compare single months to previous years and compare several months of data. I looked at the deficit for the first seven months of 2009 and compared it to the deficit through July of 2010. We are supposed to be in a recovery yet the budget deficit (for the first seven months of 2010) is up 2.36% … [visit site to read more]

Bear Of The Day: Pulte Group Posted: 12 Aug 2010 11:05 PM PDT Despite being the largest homebuilder in the U.S. with operations in more than 50 markets, Pulte Group (NYSE:PHM) suffers from high cyclicality in the industry. The company also faces intense competition from the resale of existing or foreclosed homes, as well as available rental housing. Furthermore, the sub-prime mortgage crisis continues to adversely affect its sales and pricing in the homebuilding business. Therefore, we continue to recommend shares of the company as Underperform and set a … [visit site to read more]

Aggressive Growth Stock: Rudolph Technologies Posted: 12 Aug 2010 11:05 PM PDT Rudolph Technologies (NASDAQ:RTEC) once again topped Wall Street’s expectations, which caused analysts to raise estimates that are now approaching pre-recession levels. Company Description Rudolph Tech makes tools for semiconductor makers for defect inspection, process control metrology and data analysis. The company is based in the U.S. but operates worldwide. EPS Doubles Estimate On Aug 2 Rudolph Tech reported quarterly results that showed a 19% sequential increase in revenue, to $48.3 million. … [visit site to read more]

Momentum Stock: Stanley Black & Decker, Inc. Posted: 12 Aug 2010 11:05 PM PDT Stanley Black & Decker, Inc. (NYSE:SWK) recently rebounded from a key trend line after reporting better than expected Q2 results in late July that included a 61% earnings surprise. Estimates have since jumped higher, with the next-year estimate now projecting 27% growth. Company Description Stanley Black & Decker, Inc. manufactures tools and engineered security solutions worldwide. Stanly and Black & Decker merged in March of 2010, where the combined company now has a market cap of $9 … [visit site to read more]

Bull Of The Day: Wyndham Worldwide Corp Posted: 12 Aug 2010 11:05 PM PDT Wyndham’s (NYSE:WYN) second quarter 2010 earnings were ahead of the Zacks Consensus Estimate, primarily due to betterthan- expected business in Vacation Exchange and Rentals, along with a lower effective tax rate and favorable impact of foreign currency translation.The company has also raised its fiscal year 2010 outlook. The company provides various hospitality products and services to individual consumers and businesses. Going forward, we expect Wyndham to benefit from its repositioning to a … [visit site to read more]

Growth & Income Stock: Expeditors International Posted: 12 Aug 2010 11:05 PM PDT Expeditors International (NASDAQ:EXPD): Boring consistency is what they do best. Business Expeditors International provides logistics services in the US and internationally. The company’s services include consolidation or forwarding air and ocean freight, distribution management, and vendor consolidating. Growth and Income The company is expected to grow its earnings per share 33% in 2010, 15% in 2011, and 17% over the long term. Its trailing 12-month return on equity is 18%. The stock also offers … [visit site to read more]

Forex Trading: Eur/Jpy Toying With Hourly Resistance Posted: 12 Aug 2010 10:49 PM PDT Eur/Jpy has tested  a resistance line of old hourly highs (110.85)  3 times in recent trading. If the pair can break above this line a move to 111.61, its 100 hour M/A,  is possible. Another failure may bring Eur/Jpy back down to 110.00 or lower. The latter seems more … [visit site to read more]

U.S. Stocks Still Have Potential For Further Downside Posted: 12 Aug 2010 10:07 PM PDT Both the bears and the bulls had something to cheer about today. If you are bearish, the fact that markets ended in red even after an almost 300 point down day is impressive. If you are bullish, the facts that the markets pretty much went nowhere after the initial thrust downwards and ended well of the lows is something to be hopeful about. But make no mistake dear readers, the momentum lies very much much with the bears. That being said, we have three consecutive down days now in both … [visit site to read more]

A Dead Cat Bounce In The U.S. Stock Markets? Posted: 12 Aug 2010 09:54 PM PDT Thursday was another rough day in the markets as we continued the sell off.  The bulls managed a bounce but we could not break the resistance at the 50-day simple moving average of 1087. The good news is we tested the 1087 resistance five times today but, we were unable to break it.  The more we can test the resistance, the more likely we are to break it.  The sentiment is different though and the bulls are very timid now.  The market environment is not stable at this moment.  … [visit site to read more]

Same Issues, Different Choices? Posted: 12 Aug 2010 07:28 PM PDT In “Gen-Y Now Taking Cash Advances From Pets,” Infectious Greed’s Paul Kedrosky highlights an interesting graph from a Western Union survey that sheds some light on how the younger generation is coping with challenging economic conditions. While their responses match those of the broader population in a number of ways, it seems apparent from the answers highlighted with red arrows that the under-30 crowd are more interested than their elders in finding additional sources of income to … [visit site to read more]

Singapore Stock Market Update For Friday 13 August Posted: 12 Aug 2010 06:40 PM PDT Morning Highlights Singapore stocks edged a little higher and trading in tight ranges as investors picked up stocks that had fallen recently. STI opened at 2928.59. On the other hand, U.S. stocks fell for third straight session posting its biggest three-day slump since July, and oil dropped after American jobless claims unexpectedly rose, adding to evidence the economic recovery is weakening. Genting broke 1.31 Singapore market will continue to be choppy. Watch out for 2900! If market … [visit site to read more]

Breaking Into The Circle Of Fear Posted: 12 Aug 2010 05:02 PM PDT When I was a kid in Sunday School, our teacher asked the class “How do you know if a prophet is good?” Hands shot up. “If the people listen to him” the first student answered. A second said “If his prediction comes true”, a most logical response. After shooting down similar answers from half the class, the teacher finally said “If his prophesy doesn’t come true.” “Huh?”, the class said befuddled. “What’s he talking about?” The teacher finally said “He’s a good prophet if the people hear his … [visit site to read more]

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