Daily Markets - Forex Trading: Japan Finally Intervenes In The Currency Market |
- 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]
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| 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]
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| 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]
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| 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]
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| 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]
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| 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.
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| Laugh Out Loud: Wishing It Was A Double Dip Recession … Posted: 15 Sep 2010 02:35 AM PDT |
| 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]
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| 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]
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| Wednesday Market Analysis – US Dollar Gets Thrashed, Gold Soars To New Highs Posted: 15 Sep 2010 02:18 AM PDT Equities:
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| Posted: 15 Sep 2010 02:01 AM PDT Eurozone CPI y/y came in at 1.6% as expected.
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| 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]
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| Forex Trading: Yen Reaches 15-Year High Posted: 15 Sep 2010 12:54 AM PDT Yen Reaches 15-Year High
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| 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]
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| Crude Oil Falls As Momentum Wanes, Gold Soars To New Heights Posted: 14 Sep 2010 11:51 PM PDT Commodities – Energy
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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:
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| 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.
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