Monday, September 6, 2010

Daily Markets - Forex Trading: Euro Collapses Early In Asia

Daily Markets - Forex Trading: Euro Collapses Early In Asia

Forex Trading: Euro Collapses Early In Asia

Posted: 06 Sep 2010 05:41 PM PDT

Early Tuesday morning in the Far East we saw the EUR/USD pair breakdown to the 1.28 handle in what is a thin market on a holiday weekend. The pair did however find support right at the trending 21 day moving average, although the pair is yet to retrace any losses.

The EUR/CHF broke below 1.30 and continued its downward move, as safety and demand for CHF is kicking off the fall season. On a 4-hr chart we see the pair also found technical support at the bottom of its Bollinger … [visit site to read more]

Forex Trading: EURUSD Head Sharply Lower As The New Trading Day Begins

Posted: 06 Sep 2010 05:31 PM PDT

The post US Labor Day trading got off to a quick start as the sleeping bear awoke and the EURUSD fell sharply. The pair is down testing support but remains below the 100 hour MA at the 1.2819 level. For a technical look at the pair, click on the following … [visit site to read more]

Three ETFs Influenced By Obama’s Public Works Plan

Posted: 06 Sep 2010 04:17 PM PDT

In yet another attempt to bolster the US economy, President Obama and his administration used the long weekend to unveil a public works plan that emphasizes on transportation and infrastructure, potentially influencing the iShares Dow Jones Transporation Average (IYT), the PowerShares Dynamic Building & Construction Portfolio (PKB) and the PowerShares DB Base Metals (DBB).
This latest plan is estimated to cost as much as $50 billion over the next six years and includes rebuilding … [visit site to read more]

Three Tech ETFs To Be Boosted By Mobile Phones

Posted: 06 Sep 2010 03:17 PM PDT

The launch of new products, rapid growth smartphones and an increase in replacement sales enabled the mobile phone sector to post second quarter growth paving the path to opportunity for the Technology Select Sector SPDR (XLK), the iShares S&P Global Technology (IXN) and the PowerShares QQQ (NASDAQ:QQQQ).
According to research firm IDC, manufacturers of mobile handsets shipped a more than 317 million units worldwide in the second quarter of 2010, marking an increase of 15% … [visit site to read more]

FDR’S Depression Policies

Posted: 06 Sep 2010 11:39 AM PDT

I found an interesting debate on FDR's policies to fight the great depression. If you love economics you will enjoy this video a lot. I figured this was a good video to watch on labor day if you have some free time.
I think this topic is a fair debate. However, I will decline from weighing in on my opinion. However, I must say the speaker on the "right" who attacks FDR policies just sticks to some talking points. They could have found a more articulate debater on the topic.
Enjoy!
On … [visit site to read more]
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