Daily Markets - Still Bullish On The British Pound Despite Recent Weakness
Daily Markets - Still Bullish On The British Pound Despite Recent Weakness |
- Still Bullish On The British Pound Despite Recent Weakness
- Forex Trading: UK Data Of Critical Importance To British Pound This Week
- Forex Trading: GBPUSD Testing 100 Hour MA At The 1.5659 Level
- The Price Of China’s Property Boom
- Swiss Franc: Under Pressure
- Japanese Yen: The Downside Prevails
- British Pound: Under Pressure
- Euro: The Downside Prevails
- The Race Card Is Maxed Out
- Euro-Zone Inflation Rises 1.7 Percent In July
- Is The Gold Rally Getting Tired?
- Forex Trading: EURUSD Finds The Buyers Above Key Technical Levels
- Face To Face With David Rosenberg On The Economy
- Robert Prechter Sees U.S. Stock Market Lower, Dollar Higher
- Don Coxe Webcast – Updated (August 13, 2010)
- The Week Ahead
- Hot Stocks To Watch On Monday August 16: Alcoa, Applied Materials, Omnicare, Gartner, Nevsun Resources, Priceline.com
- Laugh Out Loud: U.S. Economy Moving Forward?
- What To Do About Rand Strength?
- Why I’m Refusing To Short Netflix
- Expect Hewlett-Packard Shares To Dip In The Short Term
- As U.S. Stocks Slide, Emerging Stock Markets Thrive
- Stock Trading Plan For Monday
- Are Active ETF Filings Ahead Of Actual Product Plans?
| Still Bullish On The British Pound Despite Recent Weakness Posted: 16 Aug 2010 07:50 AM PDT Welcome to another week of forex trading! In today’s FX feature is an update of the GBPUSD pair which I posted back on August 4 (please see my previous blog here). As you can see from its 4-hour chart, the GBPUSD or the Cable has retraced downwards after reaching a 6-month high of 1.5998 on August 4. But despite its recent weakness, I am still bullish on the British pound. At present, the pair is trading just about just above 1.5500. The previous high at 1.5500 plus the uptrend line … [visit site to read more]
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| Forex Trading: UK Data Of Critical Importance To British Pound This Week Posted: 16 Aug 2010 07:30 AM PDT Without a doubt, the most important currency to be watching this week will be sterling. The big story in the UK is the persistently high level of inflation which has been well in excess of the MPC’s 2.0% target and indeed the 3.0% threshold set by the Treasury throughout 2010. For much of the year, this surge has been disregarded or overshadowed by the BoE’s unwavering focus on vulnerable growth and an inflation forecast that predicts a rapid decline in inflation at some point. But this … [visit site to read more]
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| Forex Trading: GBPUSD Testing 100 Hour MA At The 1.5659 Level Posted: 16 Aug 2010 07:16 AM PDT |
| The Price Of China’s Property Boom Posted: 16 Aug 2010 07:00 AM PDT More evidence of a bubble in ChinaH/T to Miguel of http://www.simoleonsense.com for the find The Price of China's Property Boom – via WSJ – A Chinese Academy of Social Sciences study making the rounds lately has revived bubble fears by suggesting that a startling 64.5 million urban housing units—one for every four households—is sitting empty, based on dormant electricity meter readings. Local utilities have since stepped forward to try to discredit the CASS numbers. But even if they … [visit site to read more]
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| Posted: 16 Aug 2010 06:18 AM PDT |
| Japanese Yen: The Downside Prevails Posted: 16 Aug 2010 06:18 AM PDT |
| Posted: 16 Aug 2010 06:18 AM PDT |
| Posted: 16 Aug 2010 06:18 AM PDT |
| Posted: 16 Aug 2010 05:58 AM PDT The Daily Show With Jon Stewart Race Card Is Maxed Out www.thedailyshow.com Daily Show Full Episodes HT: Don … [visit site to read more]
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| Euro-Zone Inflation Rises 1.7 Percent In July Posted: 16 Aug 2010 05:50 AM PDT Fundamental Headlines
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| Is The Gold Rally Getting Tired? Posted: 16 Aug 2010 05:42 AM PDT This daily chart is the SPDR ETF for gold (GLD). First off, you will notice my obsession with tinkering with indicators. Here I am using:
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| Forex Trading: EURUSD Finds The Buyers Above Key Technical Levels Posted: 16 Aug 2010 05:35 AM PDT |
| Face To Face With David Rosenberg On The Economy Posted: 16 Aug 2010 05:25 AM PDT In an interview with WSJ's Kelly Evans, Gluskin Sheff's Chief Economist David Rosenberg warned that the chances of a double-dip recession are greater than 50-50 and that the recession may not have ended last year at all. He also called for the cutting of corporate taxes to spur job … [visit site to read more]
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| Robert Prechter Sees U.S. Stock Market Lower, Dollar Higher Posted: 16 Aug 2010 05:23 AM PDT In this video clip, Robert Prechter of Elliot Wave International talks with Bloomberg's Pimm Fox about the outlook for the U.S. stock market and … [visit site to read more]
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| Don Coxe Webcast – Updated (August 13, 2010) Posted: 16 Aug 2010 04:51 AM PDT Don Coxe has updated his popular webcast on Tuesday, August 3, 2010 – good news for his followers. You can access the recording here or from the sidebar of the Investment Postcards site (the column on the right-hand side) by clicking on Don's … [visit site to read more]
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| Posted: 16 Aug 2010 04:43 AM PDT The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead. Europe: Calsberg, Holcim report
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| Posted: 16 Aug 2010 04:42 AM PDT Since I am expecting a short term bounce in the markets in the very near future, but the momentum to still remain with the bears, I decided to include both long and short setups in this post. Let’s have a look at the short setups first. Alcoa (NYSE:AA) - Both MA(50) and MA(20) right above as overhead resistances. A good entry would be on another rejection at MA(50) or on a break of Thursday’s lows. Applied Materials (NASDAQ:AMAT) - Nice bearish volume pattern. The move upwards on Friday … [visit site to read more]
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| Laugh Out Loud: U.S. Economy Moving Forward? Posted: 16 Aug 2010 04:42 AM PDT |
| What To Do About Rand Strength? Posted: 16 Aug 2010 04:41 AM PDT By James Lord, Michael Kafe and Andrea Masia of Morgan Stanley.
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| Why I’m Refusing To Short Netflix Posted: 16 Aug 2010 04:36 AM PDT Now, this is certainly an interesting stock! I have never played it but everybody certainly seems to have an opinion about it. I find this stock interesting from the trading psychology point, hence the complete post about it. But first things first. I have heard a lot of chatter, and I am sure you have too, about how grossly overvalued this stock is. Being no expert on fundamental analysis myself, I requested one of the regular readers of this blog, Bill, to give me his analysis on the … [visit site to read more]
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| Expect Hewlett-Packard Shares To Dip In The Short Term Posted: 16 Aug 2010 04:25 AM PDT Hewlett-Packard Company (NYSE:HPQ) or HPQ in the New York Stock Exchange has been exchanging on a bearish track for the last couple of months. he first sign of the bad things to come was when the 50-day moving average (blue line) crossed below the 200-MA (red line). Over the last three months, its shares also failed to go beyond its previous high in April. Instead, it even registered successive lower lows during the same period. Last week alone, its stock experienced a loss of 12.5%. … [visit site to read more]
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| As U.S. Stocks Slide, Emerging Stock Markets Thrive Posted: 16 Aug 2010 04:21 AM PDT As the U.S. stock markets struggle in the midst of slowing economic growth, emerging stock markets are thriving as their surging economies provide cover for savvy investors. Stocks tripped over the past week after a weak jobless claims report and a lukewarm revenue outlook from Cisco Systems Inc. (NASDAQ:CSCO) on Thursday put an exclamation point on worries about a muddled Federal Reserve Bank policy. U.S. markets lost more than 4% in one of their weakest five-day spans of the year, … [visit site to read more]
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| Posted: 16 Aug 2010 04:20 AM PDT This past week was one of the worst weeks we have seen in quite some time but it was not totally unexpected. The fact that we have had such a large move off the bottom it is only natural to pull back and to see some profit taking. We were however hoping this pullback would be with light volume and holding support levels but it wasn’t. The NASDAQ hit resistance at the 100 day moving average and it acted like a steel wall sending the index lower. The sideways consolidation we were looking … [visit site to read more]
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| Are Active ETF Filings Ahead Of Actual Product Plans? Posted: 16 Aug 2010 04:00 AM PDT As of July, there were 28 actively-managed ETFs on the US market that investors had access to. These were provided by 7 different issuers which include WisdomTree, Grail Advisors, AdvisorShares, iShares, PIMCO, PowerShares and U.S. One. In contrast, there are roughly 24 firms that have filed for plans to launch actively-managed ETFs with the SEC, some with early stage exemptive relief filings and while others are further down the road and have already filed preliminary prospectus for their … [visit site to read more]
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