DailyMarkets.com - At Least 1.5 Million Americans Have Completely Exhausted All 99 Weeks Of Unemployment Benefits And Are Living As Paupers

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• At Least 1.5 Million Americans Have Completely Exhausted All 99 Weeks Of Unemployment Benefits And Are Living As Paupers
• European Stocks Decline On Financials; DAX Down 0.22%
• German Gfk Consumer Climate Remains Unchanged Unexpectedly
• Forex Trading: USD/JPY Finding Some Possible Support At 80.987
• Is The Clock Getting ‘Close To Midnight’ For FHLB-Seattle?
• Forex – Dollar Up Vs. Most Rivals After Fed Official’s Remarks
• Forex – GBP/USD Soars To 4-day High After Upbeat U.K. GDP Data
• U.K. Gross Domestic Product Rises More Than Expected In Q3
• Forex – USD/JPY Erases Early Losses After Japan Warning
• Gold: Possible Further Price Declines In The Next Few Weeks
• Asia Stocks Mixed On Strengthening Yen; Nikkei Sheds 0.25%
• Forex Trading: USD/JPY On The Move
• Forex – EUR/USD Turns Lower As Dollar Sentiment Firms Up
• Fitch Reducing Banks’ Ratings?
• Crude Oil Rises In Listless Trading Session, Gold Boosted By Sinking Dollar But Still In Correction Mode
• Stock Market Looking For The Right Catalyst To Continue Trend
• ETF And Stock Market Outlook: Looking More Like A Top Than A Bottom
• Growth & Income Stock: Tupperware Brands Corp.
• Aggressive Growth Stock: Oxford Industries
• Bear Of The Day: Monsanto Company (MON)
• Bull Of The Day: Google, Inc. (GOOG)
• Momentum Stock: BJ's Restaurants, Inc.
• Forex Trading: USD/JPY Testing 23.6%
• Forex – EUR/USD Down During The Asian Session
• Forex – NZD/USD Down During The Asian Session
• Singapore Stock Market Update For Tuesday 26 October
• Questionable Speculative Confidence Boosts Both Oil And Gold

At Least 1.5 Million Americans Have Completely Exhausted All 99 Weeks Of Unemployment Benefits And Are Living As Paupers Posted: 26 Oct 2010 03:44 AM PDT Most Americans still do not understand just how bad the economic horror we are facing really is.  Today, millions of Americans are living as paupers in the land that their foreathers built even as America’s infrastructure is literally being sold out from under their feet by corrupt politicians.  The “official” unemployment rate in the United States has been at nine and a half percent or above for 14 consecutive months, and today it takes the average unemployed American about 35 weeks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Decline On Financials; DAX Down 0.22% Posted: 26 Oct 2010 03:13 AM PDT Forex Pros – European stocks were down after the open on Tuesday, as shares in the financial sector led markets lower while U.S. futures indexes pointed to a lower open on Wall Street. During European morning trade, the EURO STOXX 50 was down 0.59%; France's CAC 40 fell 0.73%; while Germany’s DAX shed 0.22%. In earnings news, Swiss bank UBS saw shares plunge 5.18% despite seeing third-quarter net profit rise to CHF 1.66 billion, after the bank reported that profits from its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German Gfk Consumer Climate Remains Unchanged Unexpectedly Posted: 26 Oct 2010 03:05 AM PDT Germany's Gfk consumer climate remained unchanged unexpectedly last month, data showed on Tuesday. In a report, research group Gfk said that its index of Germany's consumer climate remained unchanged at 4.90, from 4.90 in the preceding month. Analysts had expected Gfk consumer climate to rise to 5.20 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/JPY Finding Some Possible Support At 80.987 Posted: 26 Oct 2010 02:56 AM PDT The pair, with this hourly candlestick, has tested the 80.987 level which has show support four times since Oct 21st. If support holds, we have the 61.8% line at 81.084 and the 200 hour moving average at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is The Clock Getting ‘Close To Midnight’ For FHLB-Seattle? Posted: 26 Oct 2010 02:46 AM PDT All financial accounting charades to the contrary, the reality of a decaying asset quality and insufficient capital position will cause any institution to quiver. With more banking institutions declaring bankruptcy each and every week, the clock has yet to strike twelve recently on any of our larger banking institutions. That said, the pressure is certainly mounting on a large west coast institution, that being the Federal Home Loan Bank of Seattle. I first addressed issues within this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Most Rivals After Fed Official’s Remarks Posted: 26 Oct 2010 02:28 AM PDT Forex Pros – The U.S. dollar was up against most of the other major currencies on Tuesday, after New York Federal Reserve President William Dudley said that the Fed's approach to more asset purchases depends on the economic context. During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.21% to hit 1.3935. Earlier in the day, data showed that Germany's Gfk consumer climate outlook for November remained unchanged at 4.9, after rising for in the four … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Soars To 4-day High After Upbeat U.K. GDP Data Posted: 26 Oct 2010 01:55 AM PDT Forex Pros – The pound was up against the U.S. dollar on Tuesday, soaring to a 4-day high after the release of significantly better-than-expected U.K. third quarter GDP data. GBP/USD hit 1.5869 during European morning trade, the pair's highest since October 20; the pair subsequently consolidated at 1.5859, soaring 0.87%. Cable was likely to find support at 1.5663, Monday's low and resistance at 1.6002, the high of October 18. Earlier in the day, the U.K. Office for National Statistics … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Gross Domestic Product Rises More Than Expected In Q3 Posted: 26 Oct 2010 01:43 AM PDT Forex Pros – The economy in the United Kingdom grew more-than-expected in the third quarter, preliminary official data showed on Tuesday. In a report, the Office for National Statistics said gross domestic product increased by a seasonally adjusted 0.8% in the third quarter, after expanding by 1.2% in the previous quarter, whose figure was revised up from 1.1%. Economists had expected GDP to increase by 0.4% in the third quarter. The report said the growth was due to expansion across the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Erases Early Losses After Japan Warning Posted: 26 Oct 2010 01:22 AM PDT Forex Pros – The U.S. dollar erased losses against the yen on Tuesday, rising to a daily high, after a warning from Japan's finance minister that the country would "act decisively if needed" to stem the yens gains. USD/JPY clawed back up from a low of 80.61 to hit 81.04 during early European trade, gaining 0.28%. The pair was likely to find support at 79.75, the low of April 19, 1995 and the all-time low and resistance at 81.92, the high of October 19. Earlier in the day, Finance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold: Possible Further Price Declines In The Next Few Weeks Posted: 26 Oct 2010 01:01 AM PDT We've heard a lot about the currency war, but next thing you know they'll be calling it the McCurrency War. If we needed any proof that the Chinese yuan is 40 per cent undervalued, we finally got it from the Economist. The magazine's famous Big Mac Index compares the prices of a Big Mac in various countries making exchange rate theory more easily digestible. The Economist reported that in China a McDonald's Big Mac costs just 14.5 yuan on average in Beijing and Shenzhen, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed On Strengthening Yen; Nikkei Sheds 0.25% Posted: 26 Oct 2010 01:00 AM PDT Forex Pros – Asian stocks were mixed on Tuesday, as shares in the financial sector led declines, while Japanese exporters remained under pressure from the strong yen.  During late Asian trade, Hong Kong’s Hang Seng Index was down 0.31%, South Korea’s Kospi Composite gained 0.19%, while Japan's Nikkei 225 Index shed 0.25%. Earlier in the day, Japan's finance minister Yoshihiko Noda reiterated that the country's government would "act decisively" to curb the yen's gains in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/JPY On The Move Posted: 26 Oct 2010 12:58 AM PDT Before we said that the pair was in a tight range…… we'll it made a break (to the topside) making a new high of 81.20 pushing through the 50.0% line, 61.8% line, and 100 hour moving average. Also note that the USD is much firmer across the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Turns Lower As Dollar Sentiment Firms Up Posted: 26 Oct 2010 12:50 AM PDT Forex Pros – The euro edged lower against the U.S. dollar on Tuesday, falling to a 2-day low, as the dollar firmed up on the sense that expectations for further monetary easing by the Federal Reserve were already priced into the market. EUR/USD hit 1.3907 during early European trade, the pair's lowest since October 22; the pair subsequently consolidated at 1.3949, shedding 0.10%. The pair was likely to find support at 1.3857, Friday's low and resistance at 1.4157, the high of October 15 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fitch Reducing Banks’ Ratings? Posted: 26 Oct 2010 12:05 AM PDT Fitch Ratings has placed the ratings of a number of major banks under review for possible downgrade following a new rule proposed by the U.S. Federal Deposit Insurance Corporation (FDIC). Recently, the board of directors of FDIC has voted to approve the rule that details the way it would recognize the “systemically important” banks and financial companies under the new Dodd-Frank financial reform law. Though the ratings of a number of banks and bank holding companies are placed under review for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Rises In Listless Trading Session, Gold Boosted By Sinking Dollar But Still In Correction Mode Posted: 25 Oct 2010 11:51 PM PDT Commodities – Energy Crude Oil Rises in Listless Trading Session Crude Oil (WTI) – $82.12 // $0.40 // 0.48% Commentary: Crude oil ended with a gain on Monday after a seesaw session. The commodity added $0.83, or 1.02%, to settle at $82.52. There was little conviction behind the advance; instead, prices are consolidating between $80 and $83, digesting the big run from earlier this month. U.S. equity markets offered little guidance, rising a mere 0.21%, though they were up more than that for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Looking For The Right Catalyst To Continue Trend Posted: 25 Oct 2010 11:40 PM PDT Interesting trading day once again as the late day selling erases solid gains on the broad indexes. The existing home sales were positive, the five-year Treasury (TIP) auction was a big success the bonds sold at a negative yield (-0.55%) for the first time. That would lead to the conclusion there is inflation on the horizon from a growing economy. I need to get a pair of those rose colored glasses! Weak dollar – Fed Stimulus rally is getting tired. At least that is the assumption … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ETF And Stock Market Outlook: Looking More Like A Top Than A Bottom Posted: 25 Oct 2010 11:15 PM PDT Instratrader Indicators: Red Flag: We Expect Lower Prices Ahead Daily Technical Sentiment Indicators: Neutral Short Term Market Condition: Oversold (short term bullish) Short Term Trend: Neutral Monday major indexes saw yet another failed rally at major resistance in spite of all the euphoria over the weekend's G20 meeting communiqué that was widely seen as a license for the United States to continue trashing its currency and so support "risk on" assets. As everyone … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Tupperware Brands Corp. Posted: 25 Oct 2010 11:05 PM PDT Tupperware Brands Corporation (NYSE:TUP) recently reported third quarter earnings that beat the Zacks Consensus Estimate by 10%. Management raised guidance following the solid quarter, prompting analysts to raise their estimates. Tupperware parties are becoming increasingly popular around the globe, as nearly 60% of company sales comes from emerging markets. The company also recently increased its dividend for the first time and valuation remains reasonable. Third Quarter Results On October 19, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Oxford Industries Posted: 25 Oct 2010 11:05 PM PDT Oxford Industries (NYSE:OXM) analysts expect the company to more than double earnings this fiscal year after recently posting its seventh consecutive earnings surprise. But shares of this Zacks #1 Rank (Strong Buy) are still priced at a discount and it stacks up well against its peers. Company Description Oxford Industries in a global apparel company with owned an licensed brands as well as a private label segment. Brands include Tommy Bahama, Ely, Billy London and others. The company’s licensing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Monsanto Company (MON) Posted: 25 Oct 2010 11:05 PM PDT We have downgraded our recommendation on Monsanto Company (NYSE:MON) from Neutral to Underperform based on weak earnings results. The company posted for fiscal 2010 an EPS of $2.41, almost half the $4.41 from fiscal 2009. The increase in cost and expense was an icing on the cake. We believe this will continue for a substantial period of time based on the slower market recovery. Further, an intensely competitive environment and Monsanto’s huge dependence on a few large customers can lead to risk. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Google, Inc. (GOOG) Posted: 25 Oct 2010 11:05 PM PDT Google’s (NASDAQ:GOOG) third quarter earnings beat the Zacks Consensus Estimate, signaling a much stronger second half of 2010 than anticipated. Additionally, Google provided color on its display, mobile and video business for the first time this quarter, which resulted in nearly all analysts raising estimates for the year. While the growing competition is always something to look out for, we cannot ignore Google’s market position, solid cash flow, focus on innovation, technology and infrastructure, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: BJ's Restaurants, Inc. Posted: 25 Oct 2010 11:05 PM PDT BJ’s Restaurants, Inc. (NASDAQ:BJRI) recently spiked higher to hit a new all-time high at $35.34 after reporting awesome Q3 results that easily beat expectations. With analysts raising estimates and a bullish growth projection, this Zacks #1 rank stock looks like a solid momentum pick. Company Description BJ Restaurants, Inc. own and operates casual dining restaurants in the United States. The company owns and operates 95 restaurants, was founded in 1991 and has a market cap of $950 million. BJ’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/JPY Testing 23.6% Posted: 25 Oct 2010 10:39 PM PDT USD/JPY has been in a tight range this session with a high of 80.88 and low of 80.65. On the hourly chart the pair is testing the 23.6% fibo line on the move from the Oct 22nd high to the 25th lows. A break to the downside may see the pair re-visit 0.0% at 80.41. To the topside, we have some hourly resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 25 Oct 2010 10:00 PM PDT The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Existing Home Sales. EUR/USD was trading at 1.3957, down 0.06% at time of writing. The pair was likely to find support at 1.3859, Friday's low, and resistance at 1.4080, Monday's high. Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session Posted: 25 Oct 2010 08:30 PM PDT The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Existing Home Sales. NZD/USD was trading at 0.7520, down 0.02% at time of writing. The pair was likely to find support at 0.7436, Thursday's low, and resistance at 0.7562, Monday's high. Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 26 October Posted: 25 Oct 2010 08:26 PM PDT Index in consolidation after mixed finished from overnight DJ. Cautious trading is needed. News update : 1) Stocks extend morning’s rally after double-digit gain in US existing-home sales. 2) Dow closes with 32-points advance; financials keep gains in check. 3) Texas Instruments reports 60% higher profit; shares edge lower on forecast. Quick Picks : 1) Hong Kong Land enter 6.83 SL … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Questionable Speculative Confidence Boosts Both Oil And Gold Posted: 25 Oct 2010 05:16 PM PDT North American Commodity Update Commodities – Energy Flimsy Confidence in G20 Vows and US Housing Data Leads Crude to a Choppy Climb Crude Oil (LS Nymex) – $1,339.85 // $11.40 // 0.86% If equities are climbing, there is a good chance that oil is doing the same. That was the case Monday as investor appetite found a general boost through an increased sense of risk appetite across the capital markets. However, there were certainly constraints on this positive outlook. For example, aside from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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