Daily Markets - Forex Trading: Eur/Usd Looking Bullish From A Daily Perspective

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• Forex Trading: Eur/Usd Looking Bullish From A Daily Perspective
• Forex Trading: Eurozone Current Account
• Singapore Stock Market Update For Tuesday 17 August
• Forex Trading: Yen Strengthens Despite Weak Japanese GDP Report
• Crude Oil Falls For The Fifth Session, Gold Rally Continues
• Bull Of The Day: Triumph Group
• Growth & Income Stock: Banco De Chile
• Bear Of The Day: Molson Coors
• Momentum Stock: Hill-Rom Holdings, Inc.
• Aggressive Growth Stock: Textainer Group Holdings
• China Might Be #2 By GDP, But It Ranks #99 For Per-Capita GDP Behind Jamacia, Belize And Namimbia
• Difficult To Read Current Market Direction
• Lunar Cycle Batting Average Dropped To 71.4%
• Stock Picks For Tuesday 17 August: Intel, Research In Motion, Motorola, Cell Therapeutics
• Risk Trends Level Off But Crude Continues Lower As Growth Numbers Cool
• Yield: Dow 30 Vs. 10-year U.S. Treasury

Forex Trading: Eur/Usd Looking Bullish From A Daily Perspective Posted: 17 Aug 2010 02:21 AM PDT Eur/Usd is trading well above its 100 day M/A of  1.2789 and has some light resistance at 1.2930. A move above this level may bring the pair to 1.3125-30, with not much resistance in between. If the pair comes off 1.2800 down to 1.2780 is very strong … [visit site to read more]

Forex Trading: Eurozone Current Account Posted: 17 Aug 2010 01:01 AM PDT Eurozone Current Account came in at -4.6B, weaker than the -3.7B expected, but stronger than hte -5.8B prior reading. Eur/Usd seemingly unaffected, trading at … [visit site to read more]

Singapore Stock Market Update For Tuesday 17 August Posted: 17 Aug 2010 12:33 AM PDT Morning Highlights Singapore market opens almost unchanged at 2933.39. On the other hand, Tokyo market is weak, again pressured by the yen’s strength. Sentiment in the region remained fragile as investors continued to fret about the pace of the global economic recovery. U.S. data on Monday again disappointed, with a weak reading of a key housing index and a softer-than-expected reading from the New York Fed’s Empire State business conditions index. Despite Wall Street uninspiring … [visit site to read more]

Forex Trading: Yen Strengthens Despite Weak Japanese GDP Report Posted: 17 Aug 2010 12:02 AM PDT Yen Strengthens Despite Weak Japanese GDP Report Volumes were light during Monday’s trading as the yen climbed versus the major currencies. Japanese Q2 gross domestic product failed to meet market expectations, raising concerns over the pace of the global economic recovery. Economic News USD - Dollar Weakens on Light Trading The U.S. dollar was weaker across the board today as trading today began on a down note. Risk sentiment was sapped following disappointing Japanese GDP numbers. The … [visit site to read more]

Crude Oil Falls For The Fifth Session, Gold Rally Continues Posted: 16 Aug 2010 11:51 PM PDT Commodities – Energy Crude Oil Falls for the Fifth Session Crude Oil (WTI) $75.34 // +$0.10 // +0.13% Commentary: Monday was a day of pause for crude oil and equity markets, as risk assets generally fluctuated between small gains and small losses. Oil would register its fifth loss in as many sessions, but clearly downside momentum is waning now that prices are notably below last week's highs. Prices are currently near the $75.50 level, which is close to the midpoint of crude oil's … [visit site to read more]

Bull Of The Day: Triumph Group Posted: 16 Aug 2010 11:05 PM PDT Triumph (NYSE:TGI) has been benefiting from acquisitions and internal manufacturing, and the recent Vought acquisition was highly accretive to earnings. The reported EPS of $1.33 surpassed the Zacks Consensus Estimate of $1.08. We also increase our EPS estimate for fiscal 2011 and 2012 after taking into account the synergy benefits to be accrued within a year. Management too has raised their guidance to an EPS estimate of approximately $6.00. The acquisition is expected to add approximately $1.10 … [visit site to read more]

Growth & Income Stock: Banco De Chile Posted: 16 Aug 2010 11:05 PM PDT Banco de Chile (NYSE:BCH) is expected to grow its earnings by 46.5% in 2010 as Chile’s economy strengthens. Banco de Chile is Chile’s largest bank. Founded in 1893, several big mergers in the last decade have pushed the bank to its current size with over 398 branches and 1500 ATMs. It operates on both a retail and wholesale market, which includes international banking and banking for large companies. Banco de Chile also has 8 non-banking subsidiaries in Securities Brokerage, Investment and Mutual … [visit site to read more]

Bear Of The Day: Molson Coors Posted: 16 Aug 2010 11:05 PM PDT Molson Coors (NYSE:TAP) reported better-than-expected second-quarter 2010 results, beating the Zacks Consensus Estimate by $0.06. The company’s healthy balance sheet and cost saving programs support its investment in brands and innovation. However, the company s susceptibility to the global economic downturn and predominant operations in mature and low-growth markets, coupled with stiff competition and seasonality of business, severely undermines the company s future growth prospects and … [visit site to read more]

Momentum Stock: Hill-Rom Holdings, Inc. Posted: 16 Aug 2010 11:05 PM PDT Hill-Rom Holdings, Inc. (NYSE:HRC) recently surged to a new all-time high at $35.89 after reporting an impressive 45% earnings surprise in late July. The solid quarter pushed estimates higher, with the current year adding 25 cents to $1.64. Company Description Hill-Rom Holdings, Inc. provides medical technologies and services primarily related to beds for the healthcare industry worldwide. The company was founded in 1969 and has a market cap of $2.14 billion. With healthcare demand continuing to … [visit site to read more]

Aggressive Growth Stock: Textainer Group Holdings Posted: 16 Aug 2010 11:05 PM PDT Textainer Group (NYSE:TGH) posted another earnings surprise last week as its utilization rates hit a company high. Company Description Textainer is the biggest lessor of intermodal containers. The company has dry freight, refrigerated and other specialized containers. Revenue Up 37% On Aug 12 Textainer reported second quarter results that included revenue of $74.5 million, which is up more than $20 million since the previous year. Earnings per share came in at 59 cents, topping the Zacks Consensus … [visit site to read more]

China Might Be #2 By GDP, But It Ranks #99 For Per-Capita GDP Behind Jamacia, Belize And Namimbia Posted: 16 Aug 2010 08:15 PM PDT According to a Bloomberg story today, “China surpassed Japan as the world's second-largest economy last quarter, capping the nation's three- decade rise from Communist isolation to emerging superpower. The country of 1.3 billion people will overtake the U.S., where annual GDP is about $14 trillion, as the world's largest economy by 2027.” Adjusting for GDP (Purchasing Power Parity) on a per-capita basis, China has a long way to go before it achieves “superpower” … [visit site to read more]

Difficult To Read Current Market Direction Posted: 16 Aug 2010 06:30 PM PDT The market is giving us little to draw from, not telling us which way it wants to tilt. With trade volume thin and Housing data around the corner, the potentially best course is to trade conservatively and be very aware of the choppy nature of this market. Keep an eye on the retailers that are announcing this week to get a better picture of the consumer and retail markets. See you Midday. Market action was quiet Monday with little new information to guide trading. The earnings calendar … [visit site to read more]

Lunar Cycle Batting Average Dropped To 71.4% Posted: 16 Aug 2010 06:27 PM PDT You may ask why I waste my time and yours keeping track of the Lunar Cycle stats when it’s probably nothing more than superstition. The only reason I can give is that with all the confusion out there about the direction the market most likely will exit this 11-month, excruciatingly long horizontal trading range (Is it a correction or a top? Only the future knows), why not latch on to something that depends not on opinion, experience or intuition. Why not hand off the question for an answer … [visit site to read more]

Stock Picks For Tuesday 17 August: Intel, Research In Motion, Motorola, Cell Therapeutics Posted: 16 Aug 2010 06:23 PM PDT ( click to enlarge ) Shares of Intel (NASDAQ:INTC) rose 32 cents, or 1.67%, in Monday’s session, closing at $19.47. The technical daily chart shows the stock bounced back as ROC indicator was at oversold level. In adidition, the stochastics is showing a bottom and rebound is likely going to happen. I will continue to watch INTCand will buy the stock when it breaks Monday’s high of $19.56. ( click to enlarge ) Research In Motion (NASDAQ:RIMM) - Trendline support has been broken on the … [visit site to read more]

Risk Trends Level Off But Crude Continues Lower As Growth Numbers Cool Posted: 16 Aug 2010 05:55 PM PDT North American Commodity Update Commodities - Energy A Clear Channel will Pit Fundamental Conviction against Technical Opportunity for Crude Traders Crude Oil (LS Nymex) - $75.24 // -$0.15 // -0.20% Putting in for its fifth consecutive daily decline, crude has matched the performance of its late-June / early-July bear swing and simultaneously confirmed the influence of a near three-month rising trend channel. While the bear trend that was extended into the start of this week has confirmed the … [visit site to read more]

Yield: Dow 30 Vs. 10-year U.S. Treasury Posted: 16 Aug 2010 05:43 PM PDT Government bonds across the globe are benefiting from concern about anemic economic growth, the risk of deflation in the US, and the Federal Reserve's decision to reinvest maturing bonds and buy US Treasuries. Yields on Japanese, German, UK and US government bonds fell to fresh multi-month and, in some cases, all-time lows. Meanwhile, analysts' advise that "It seems U.S. bonds are still the safest place to hide", and market herd mentality is making the Hindenburg Omen an ever more … [visit site to read more]

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