DailyMarkets.com - Is $100 Oil Just Around The Corner?
DailyMarkets.com - Is $100 Oil Just Around The Corner? |
- Is $100 Oil Just Around The Corner?
- European Stocks Open Higher On Miners, Earnings; DAX Up 0.63%
- Forex – Dollar Down Across The Board After G20 Sparks Selloff
- Euro Zone Industrial New Orders Rise More-than-expected
- Forex Trading: Eurozone Industrial New Orders
- Forex – USD/JPY Plunges To New 15-year Low After G20
- Britain’s BBA Mortgage Approvals Fall More-than-expected
- Forex – GBP/USD Hits 2-day High As Cameron To Unveil Growth Plan
- Asia Stocks Mixed As Yen Hits 15-year High; Nikkei Sheds 0.27%
- Forex- EUR/USD Surges To 6-day High After G20 Boosts Risk
- Forex – AUD/USD Up On Economic Data
- Crude Oil Rises As G-20 Meeting Passes Uneventfully, Gold Nudges Higher As Dollar Slammed
- Stocks Approaching Breakout Levels: Mentor Graphics, Cabela’s, O’reilly Automotive, Superior Energy Services, TJX Companies
- Bear Of The Day: Universal Forest Products (UFPI)
- Growth & Income Stock: W.W. Grainger
- Bull Of The Day: Berkshire Hathaway
- Aggressive Growth Stock: G-III Apparel Group
- Momentum Stock: Monro Muffler Brake, Inc.
- Forex Trading: Eur/Usd Runs Into Hourly Resistance
- Stock Trading Plan For Monday (NVDA, SBUX, FFIV, CHKP, VRSN, KWK)
- Forex – EUR/USD Up During The Asian Session
- Forex – GBP/USD Up During The Asian Session
- Two ETFs Likely To Be Influenced By G20 Meeting
- Forex – AUD/USD Up On Economic Data
- Singapore Stock Market Update For Monday 25 October
| Is $100 Oil Just Around The Corner? Posted: 25 Oct 2010 03:43 AM PDT The price of oil has been hovering around 80 dollars a barrel for quite some time now, but get ready, because it is going to move significantly higher. Oil prices have already risen about 9 percent over the past month, and many believe that this could very well be the start of a new trend. Lawrence Eagles, a top analyst at JP Morgan (NYSE:JPM), recently made headlines across the globe when he stated that oil could hit 100 dollars a barrel ”much sooner than we expect”. Not only … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Open Higher On Miners, Earnings; DAX Up 0.63% Posted: 25 Oct 2010 02:44 AM PDT Forex Pros – European stocks advanced after the open on Monday, boosted by rising commodity prices and strong earnings reports, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 was up 0.37%; France's CAC 40 rose 0.54%; while Germany’s DAX gained 0.63%. In earnings news, German automaker Volkswagen AG saw its shares surge 4.98% after it said its nine-month operating profit rose to EUR 4.8 billion, compared to EUR 1.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Down Across The Board After G20 Sparks Selloff Posted: 25 Oct 2010 02:18 AM PDT Forex Pros – The U.S. dollar was down against all of the other major currencies on Monday, after an agreement by G20 financial leaders on the need to avoid “competitive devaluation” of currencies sparked a wave of dollar selling. The greenback was also … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Zone Industrial New Orders Rise More-than-expected Posted: 25 Oct 2010 02:08 AM PDT Forex Pros – Industrial new orders in the euro zone rose significantly more-than-expected in August, official data showed on Monday. In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 5.3% in August, after falling by 2.0% in July, whose figure was revised down from a decline of 2.4%. Analysts had expected industrial new orders to rise by 2.1% in August. The report also showed that the annualized rate of industrial new orders in the euro zone rose by 24.4% … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Eurozone Industrial New Orders Posted: 25 Oct 2010 02:02 AM PDT Eurozone Industrial New Orders m/m came in at 5.3%, stronger than the 2.1% expected and prior reading of -2.1%.
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| Forex – USD/JPY Plunges To New 15-year Low After G20 Posted: 25 Oct 2010 01:44 AM PDT Forex Pros – The U.S. dollar was down against the yen on Monday, plunging to a new 15-year low after leaders from the G20 group of nations agreed on the need to avoid “competitive devaluation” of currencies and move toward market-based exchange-rate systems. USD/JPY hit 80.42 during European morning trade, the pair's lowest since April 19, 1995; the pair subsequently consolidated at 80.54, plunging 1.00%. The pair was likely to find support at 79.75, the low of April 19, 1995 and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Britain’s BBA Mortgage Approvals Fall More-than-expected Posted: 25 Oct 2010 01:39 AM PDT Forex Pros – Mortgage approvals in the U.K. fell more-than-expected in September, declining to their lowest level since March 2009, industry data showed on Monday. In a report, the British Banker’s Association said that the number of new mortgages approved in September fell to 31.1K, after declining to 31.8K in August. Analysts had expected the number of mortgage approvals to fall to 31.6K in September. Commenting on the report, BBA statistics director, David Dooks said, "Demand for new … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Hits 2-day High As Cameron To Unveil Growth Plan Posted: 25 Oct 2010 01:15 AM PDT Forex Pros – The pound was up against the U.S. dollar on Monday, climbing to a 2-day high ahead of the unveiling of a national infrastructure plan that U.K. Prime Minister David Cameron says will transform the fortunes of the country. GBP/USD hit 1.5774 during early European trade, the pair's highest since October 21; the pair subsequently consolidated at 1.5743, rising 0.38%. Cable was likely to find support at 1.5601, the low of September 22 and resistance at 1.5848, the high of October … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Mixed As Yen Hits 15-year High; Nikkei Sheds 0.27% Posted: 25 Oct 2010 12:55 AM PDT Forex Pros – Asian stocks were mixed on Monday, as shares in Japanese exporters led declines after the yen rose to hit a fresh 15-year high against the U.S. dollar. During late Asian trade, Hong Kong’s Hang Seng Index was up 0.63%, South Korea’s Kospi Composite rose 0.97%, while Japan's Nikkei 225 Index shed 0.27%. Earlier Monday, the yen soared to its highest level against the dollar since 1995 after financial leaders from the G20 group of industrialized nations agreed on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex- EUR/USD Surges To 6-day High After G20 Boosts Risk Posted: 25 Oct 2010 12:30 AM PDT Forex Pros – The euro was up against the U.S. dollar on Monday, surging to a 6-day high after the weekend G20 agreement on the need to avoid “competitive devaluation” of currencies boosted risk appetite. EUR/USD hit 1.4080 during late Asian trade, the pair's highest since October 15; the pair subsequently consolidated at 1.4053, surging 0.70%. The pair was likely to find support at 1.3857, Friday's low and resistance at 1.4157, the high of October 15 and an 8-month high. At their … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up On Economic Data Posted: 25 Oct 2010 12:21 AM PDT The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on PPI. AUD/USD was trading at 0.9960, up 1.34% at time of writing. The pair was likely to find support at 0.9669, Wednesday's low, and resistance at 0.9970, today's high. Earlier in the day, official data showed that Australian producer price inflation rose more-than-expected to a seasonally adjusted 1.30% in the last quarter, from 0.30% in the preceding quarter. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Rises As G-20 Meeting Passes Uneventfully, Gold Nudges Higher As Dollar Slammed Posted: 24 Oct 2010 11:51 PM PDT Commodities – Energy
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| Posted: 24 Oct 2010 11:33 PM PDT Here is a watchlist of some stocks that have been consolidating nicely for the past few days. The way I like to play these kind of setups is by buying them on break of important resistance levels, preferably on volume. Another way you could possibly play them is by getting in on test of support i.e. on bottom end of the range. Below the consolidation range would be one option to place your stops. Sure, you can take a partial position now too and then add on the break of resistance. No … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bear Of The Day: Universal Forest Products (UFPI) Posted: 24 Oct 2010 11:05 PM PDT Universal Forest Products Inc. (NASDAQ:UFPI) reported disappointing results in the third quarter of 2010, with EPS falling 39 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due to volatile lumber prices in the quarter.
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| Growth & Income Stock: W.W. Grainger Posted: 24 Oct 2010 11:05 PM PDT W.W. Grainger (NYSE:GWW) delivered another strong quarter on October 14 followed once again by increased sales and earnings guidance going forward. This prompted analysts to raise their estimates, which propelled the stock to a Zacks #1 Rank (Strong Buy).
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| Bull Of The Day: Berkshire Hathaway Posted: 24 Oct 2010 11:05 PM PDT We believe Berkshire Hathaway (BRK.B) is poised to grow its top line as the growing rail demand for freight catches up with the stabilizing economy. Also, higher revenues are expected from its Utilities & Energy and Manufacturing, Service & Retail businesses as consumers increase spending.
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| Aggressive Growth Stock: G-III Apparel Group Posted: 24 Oct 2010 11:05 PM PDT G-III Apparel Group (NASDAQ:GIII) continues to see estimates surge, and for good reason. The latest rush of estimate revisions is coming after the company’s sixth consecutive earnings surprise.
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| Momentum Stock: Monro Muffler Brake, Inc. Posted: 24 Oct 2010 11:05 PM PDT Monro Muffler Brake, Inc. (NASDAQ:MNRO) is looking like a Momentum all-star, recently hitting a new all-time high ahead of its excellent Q2 results that came in ahead of expectations. With consistent earnings on the board and a bullish growth projection, this Zacks #2 rank stock is tipping the momentum scale.
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| Forex Trading: Eur/Usd Runs Into Hourly Resistance Posted: 24 Oct 2010 10:43 PM PDT Eur/Usd is trading just beneath the 1.4045-50 level which has acted as good hourly resistance in recent tradding. If the pair breaks through a run to 1.4100 is likely. If Eur/Usd holds a pullback to 1.3980-85 (61.8% Fibo) is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Trading Plan For Monday (NVDA, SBUX, FFIV, CHKP, VRSN, KWK) Posted: 24 Oct 2010 10:31 PM PDT Our open positions were on fire again on Friday even though the market was split. There was a stealth rally in the tech names and it looks the names we have been positioned in that have been setting up finally got a boost. NVIDIA (NASDAQ:NVDA) rallied 6.4%. F5 Networks (NASDAQ:FFIV) is trying to get off our caution list and has finally rallied back above resistance at the 50 day moving average on heavy volume. Let's hope that move continues. Our Starbucks (NASDAQ:SBUX) position has … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up During The Asian Session Posted: 24 Oct 2010 09:15 PM PDT The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.4034, up 0.57% at time of writing. The pair was likely to find support at 1.3699, Wednesday's low, and resistance at 1.4049, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8911 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The Asian Session Posted: 24 Oct 2010 08:15 PM PDT The British Pound was higher against the U.S. Dollar on Monday. GBP/USD was trading at 1.5740, up 0.36% at time of writing. The pair was likely to find support at 1.5656, Friday's low, and resistance at 1.5878, Wednesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8914 and GBP/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Two ETFs Likely To Be Influenced By G20 Meeting Posted: 24 Oct 2010 07:17 PM PDT At the recent G20 meeting in South Korea, the Group of 20 finance chiefs agreed to move towards a more market-determined exchange-rate system that reflects underlying economic fundamentals and refrain from competitive devaluation of currencies, potentially impacting the Market Vectors Chinese Renminbi/USD ETN (CNY), the WisdomTree Dreyfus Chinese Yuan Fund (CYB).
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| Forex – AUD/USD Up On Economic Data Posted: 24 Oct 2010 07:00 PM PDT The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on PPI. AUD/USD was trading at 0.9906, up 0.79% at time of writing. The pair was likely to find support at 0.9669, Wednesday's low, and resistance at 0.9920, today's high. Earlier in the day, official data showed that Australian producer price inflation rose more-than-expected to a seasonally adjusted 1.30% in the last quarter, from 0.30% in the preceding quarter. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Monday 25 October Posted: 24 Oct 2010 06:46 PM PDT Index opened up despite weak finish on Friday US market. We expect 3200 is a very strong resistance which will be tested several times before breaking upwards. News update : 1) US says G-20 should lower current-account imbalances to 4% of GDP by 2015: reports
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