Daily Markets - Forex Trading: Japan Finally Intervenes In The Currency Market

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• Forex Trading: Japan Finally Intervenes In The Currency Market
• Japan Intervenes In Forex Market Today By Selling Yen
• The Solution To America’s Economic Ills: Covered Bonds
• Hot Stock News For Wednesday 15 September: BP, AIG, BB&T, BHP Billiton, AstraZeneca, Unilever, Deutsche Bank
• Where Are All The Jobs?
• Mark Mobius: Emerging Markets Q & A
• Laugh Out Loud: Wishing It Was A Double Dip Recession …
• Are Retailers Good Buys For Investors Now?
• US Treasury Department Likely To Convert $49 Billion Of AIG Preferred Shares Into Common Shares
• Wednesday Market Analysis – US Dollar Gets Thrashed, Gold Soars To New Highs
• Forex Trading: Eurozone CPI
• Go After Stocks That Everybody Else Hates, Like Goldman, Transocean And Monsanto
• Forex Trading: Yen Reaches 15-Year High
• Technical Resistance: Here We Go Again
• Crude Oil Falls As Momentum Wanes, Gold Soars To New Heights
• Bear Of The Day: McDermott International (MDR)
• Bull Of The Day: Hain Celestial Group (HAIN)
• Momentum Stock: Innophos Holdings, Inc.
• Growth & Income Stock: Yum! Brands Inc
• Aggressive Growth Stock: Ballantyne Strong, Inc.
• A New ETF To Play Global Demand Of Natural Resources
• On The Road With “Aftershock”
• Job Well Done, Right Shoulder Finished

Forex Trading: Japan Finally Intervenes In The Currency Market Posted: 15 Sep 2010 03:45 AM PDT Well the wait is finally over. Perhaps it was my call yesterday for the USDJPY to break 83.00 that pushed the Japan into action (joke). After weeks of aggressive verbal intervention, USDJPY hit a low of 82.87 and Japanese officials subsequently stepped in. Market chatter has speculated that roughly 1.0bn to 9.0bn worth of JPY was sold to push the pair up 2 big figures. Interestingly, in other news a major US investment bank put out a piece in which they believed the Fed would … [visit site to read more]

Japan Intervenes In Forex Market Today By Selling Yen Posted: 15 Sep 2010 03:39 AM PDT The Bank of Japan today intervened in the forex market, selling Yen (JPY) as the exchange rate entered the psychologically important 82 yen zone. After the intervention the USD strengthened against the JPY, with the USD/JPY rate rising to about 85.50. The move follows repeated threats by the Bank of Japan to take “decisive steps” if necessary. Japan’s Finance Minister, Yoshihiko Noda, noted that the impact of the rising Yen on the economy could no longer be ignored – he also noted that … [visit site to read more]

The Solution To America’s Economic Ills: Covered Bonds Posted: 15 Sep 2010 03:21 AM PDT When it comes to the global financial crisis and the Great Recession that followed, this could well be the ultimate irony: The Wall Street invention that got us into this mess may well be the only thing that can get us out. I’m talking about securitization, a masterstroke of financial engineering in which assets are aggregated in order to reduce risk. Once heralded as the greatest financial innovation of modern times, abusive securitization practices instead generated a feeding frenzy … [visit site to read more]

Hot Stock News For Wednesday 15 September: BP, AIG, BB&T, BHP Billiton, AstraZeneca, Unilever, Deutsche Bank Posted: 15 Sep 2010 03:13 AM PDT A combination of better than expected economic data in form of retail sales, together with fresh speculation that the Fed will be forced into announcing another round of asset purchases as early as next week lifted investor appetite for riskier assets. However in spite of trading higher for much of the session, a sell of in the closing half hour of trade saw S&P 500 and DJIA slip into negative territory. At the closing bell DJIA closed down 0.17% at 10526, S&P 500 closed down 0.07% … [visit site to read more]

Where Are All The Jobs? Posted: 15 Sep 2010 03:03 AM PDT Most Americans don’t really care about the economic minutiae that many of us who study the U.S. economy love to pour over.  When it comes to the economy, the typical American citizen just wants to be able to get a good job, make a decent living and put bread on the table for the family.  For generations, this arrangement has worked out quite well.  The U.S. economy has provided large numbers of middle class jobs and the American people have worked hard and have helped this nation … [visit site to read more]

Mark Mobius: Emerging Markets Q & A Posted: 15 Sep 2010 02:39 AM PDT The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management. At what stage of the economic cycle do you think the global market is at now? Why? On a global basis, we are still at an early recovery stage. However, it is important to look at each country individually since not all economies are at the same phase. While some developed markets are still lagging, many emerging markets have recovered. In fact, there was no recession in … [visit site to read more]

Laugh Out Loud: Wishing It Was A Double Dip Recession … Posted: 15 Sep 2010 02:35 AM PDT … [visit site to read more]

Are Retailers Good Buys For Investors Now? Posted: 15 Sep 2010 02:30 AM PDT While Americans haven't completely abandoned their spendthrift ways, there's no doubt that the typical shopper is thinking a lot more about their purchases … and in general, our nation is revisiting the idea of saving for a rainy day. I'll discuss the broad implications of this shift some other time. Today, I'd like to talk about the specific companies most affected by our nation's newfound frugality — the retailers. Let's Start with a Basic Breakdown of the Industry … [visit site to read more]

US Treasury Department Likely To Convert $49 Billion Of AIG Preferred Shares Into Common Shares Posted: 15 Sep 2010 02:25 AM PDT Government officials are huddling with executives from American International Group Inc. (NYSE:AIG) to hatch a scheme to accelerate the company’s plan to regain its independence and repay in full what the insurer owes U.S. taxpayers, according to a report from The Wall Street Journal. Under the plan, the Treasury Department is likely to convert $49 billion of AIG preferred shares it holds into common shares, a move that could bring the government’s ownership stake in AIG to above 90%, … [visit site to read more]

Wednesday Market Analysis – US Dollar Gets Thrashed, Gold Soars To New Highs Posted: 15 Sep 2010 02:18 AM PDT Equities: Equity markets saw some profit taking as slightly worse than expected news hit the wire yesterday. This put the recent rally on a one day hold as most major markets lost ground. The Nikkei 225 gave back 22pts to close 1pt below 9,300. European markets ended the day flat after trading a mixed bag throughout the day. The FTSE 100 gained 2pts to 5,567 while the Stoxx Europe 50 dropped 2pts to close at 2,587. In the U.S, the Dow Jones Industrial Average gave back 17pts to close at … [visit site to read more]

Forex Trading: Eurozone CPI Posted: 15 Sep 2010 02:01 AM PDT Eurozone CPI y/y came in at 1.6% as expected. Core CPI y/y came in at 1.0%, slightly stronger than the 0.9% expected. Eur/Usd currently trades at 1.2865, seemingly … [visit site to read more]

Go After Stocks That Everybody Else Hates, Like Goldman, Transocean And Monsanto Posted: 15 Sep 2010 01:57 AM PDT When many investors look at Goldman Sachs Group Inc. (NYSE:GS), Transocean Ltd. (NYSE:RIG) and Monsanto Co. (NYSE:MON), they see tainted companies that are probably best avoided. That’s a mistake. It’s no secret that buying beaten-down stocks is the key to maximum gains. But here’s what most investors fail to understand: If you want to hit the investment home run, you have to go after the stocks that everybody else hates. Like Goldman, Transocean and Monsanto. It Pays to Buy Shunned … [visit site to read more]

Forex Trading: Yen Reaches 15-Year High Posted: 15 Sep 2010 12:54 AM PDT Yen Reaches 15-Year High The Yen rose to a 15- year high against the dollar on Tuesday after Japan’s prime ‎minister won a ruling party leadership vote, reducing the chances Japanese authorities ‎would attempt to stem yen gains. The USD/JPY fell as low as 82.91, its lowest level ‎since mid-1995.‎ Economic News USD – Dollar Drops against the Majors The U.S. dollar fell against most of its major currencies on Tuesday, touching a 15-‎year low below 83 yen as a break of technical support … [visit site to read more]

Technical Resistance: Here We Go Again Posted: 15 Sep 2010 12:31 AM PDT This has been a frustrating few months for both bulls and bears. The market has been mired in a trading range since June with an upside of 1100-1130 and downside of 1020-1040 with little directional bias. As the stock market rallies into technial resistance in the 1100-1130 zone yet again, the question has to be asked, “Will it get rejected once more in this resistance area?” The odds seem to favor another downleg for a couple of reasons. First of all, investor sentiment has gotten … [visit site to read more]

Crude Oil Falls As Momentum Wanes, Gold Soars To New Heights Posted: 14 Sep 2010 11:51 PM PDT Commodities – Energy Crude Oil Falls as Momentum Wanes Crude Oil (WTI) – $76.18 // $0.62 // 0.81% Commentary: Crude oil is down in overnight trade after falling $0.39, or 0.51%, on Tuesday. It looks like the momentum that built up on the back of China growth optimism and the Enbridge pipeline leak is fading now that the latter is being resolved. Traders are also anticipating tomorrow's government inventory figures, which have been horrible in recent weeks. Recall that U.S. petroleum … [visit site to read more]

Bear Of The Day: McDermott International (MDR) Posted: 14 Sep 2010 11:05 PM PDT We are downgrading McDermott International (NYSE:MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely affected the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation and government operations has left McDermott with a less diversified business, thereby heightening its … [visit site to read more]

Bull Of The Day: Hain Celestial Group (HAIN) Posted: 14 Sep 2010 11:05 PM PDT Being a leader in natural food and personal care products categories with an extensive portfolio of well-known brands, Hain Celestial (NASDAQ:HAIN) offers investors one of the strongest growth profiles in the industry. The stock is poised to surge once the economy rebounds and demand for healthier and natural food improves. The recent economic turmoil has adversely affected consumers demand and led to destocking at major distributors and retailers, exerting pressure on sales and margins. However, … [visit site to read more]

Momentum Stock: Innophos Holdings, Inc. Posted: 14 Sep 2010 11:05 PM PDT Innophos Holdings, Inc. (NASDAQ:IPHS) recently touched its multi-year high at $31.98 after reporting a solid 17% earnings surprise in early August. With a next-year estimate calling for 19% growth, the longer-term picture looks good too for this Zacks #1 rank stock. Company Description Innophos Holdings, Inc., together with its subsidiaries, produces a line of specialty phosphate products for food, pharmaceutical and industrial markets with a market cap of $632 million. The last look at Innophos … [visit site to read more]

Growth & Income Stock: Yum! Brands Inc Posted: 14 Sep 2010 11:05 PM PDT Yum! Brands Inc (NYSE:YUM) recently hit an all-time high at $46.25. It also announced on September 14 that it is raising its dividend 19% to $1.00 per share. Yum! Brands has more than 37,000 fast-food restaurants in 110 countries. Its brands include KFC, Taco Bell, Pizza Hut, Long John Silver’s, and A&W. It has a market cap of $21.4 billion. Overseas Sales Drive Growth Yum reported second quarter earnings per share of $0.58, beating the Zacks Consensus Estimate by 4 cents. Earnings grew 17% … [visit site to read more]

Aggressive Growth Stock: Ballantyne Strong, Inc. Posted: 14 Sep 2010 11:05 PM PDT Ballantyne Strong, Inc. (BTN) is showing rapid growth projections as the company expands its facilities to meet increasing global demand. Company Description Ballantyne Strong makes digital cinema projection equipment. The company also provides related services, the actual screens themselves, specialty lighting and other related products and services. Revenue Jumps 67% On Aug 9 Ballantyne Strong reported second quarter results that showed a 67% increase in revenues, to almost $33 million, the … [visit site to read more]

A New ETF To Play Global Demand Of Natural Resources Posted: 14 Sep 2010 08:17 PM PDT As the demand for natural resources has jumped and is expected to continue to do so due to increased wealth in developing nations and a growing global population, State Street recently launched the SPDR S&P Global Natural Resources ETF (GNR) to enable investors to gain access to the sector. The new ETF will track the S&P Global Natural Resources Index, which is an index comprised of 90 of the largest publicly traded companies, based on market capitalization, in global natural … [visit site to read more]

On The Road With “Aftershock” Posted: 14 Sep 2010 07:24 PM PDT To the extent you'd like to hear me flog my new book "Aftershock: The Next Economy and America's Future" or even go so far as to buy a copy and have me sign it, here's where I'll be and where: September 21, NEW YORK, 7 pm: Barnes & Noble, Upper East Side, 150 East 8th Street (between Lexington and Third Avenues). September 22, WASHINGTON, 7 pm: Politics & Prose, 5015 Connecticut Avenue. September 23, NEW YORK, 7 pm: The Strand, 828 Broadway (at 12th … [visit site to read more]

Job Well Done, Right Shoulder Finished Posted: 14 Sep 2010 06:11 PM PDT We made it. Against the odds and the cries of “Eternal Optimist” (perhaps I’ll start calling them the “Eternal Pessimists”), we climbed the right side of this valley and made it up to the neckline. I must say that it looks pretty good from up here. Those who think we’re stuck in a trading range will probably use this opportunity to quickly sell shares at what they truly believe are obscenely and unwarranted high prices. Those who think we’re finally going to break above this resistance level … [visit site to read more]

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