DailyMarkets.com - Look For Gold & Silver To Move To Support And Create A New Buy Signal
DailyMarkets.com - Look For Gold & Silver To Move To Support And Create A New Buy Signal |
- Look For Gold & Silver To Move To Support And Create A New Buy Signal
- Forex – NZD/USD Surges To 2-day High After Bollard Remarks
- Britain’s CBI Realized Sales Fall More-than-expected
- 12 Statistics That Make You Wonder If Crime Is On The Rise In America
- Norfolk Way Past Estimates
- European Stocks Rise On Upbeat Earnings; DAX Up 0.90%
- Forex – USD/CHF Down From 5-week High After Fed Disappoints
- Wally Cato Recommends Sense On Cents
- Norfolk Way Past Estimates
- Forex Trading: Eurozone Confidence Data Stronger Than Expected
- Forex – Dollar Down Vs. Rivals As Gradual Fed Easing Disappoints
- Stock Market Trend To Determine How Low Silver Price Will Correct
- Forex – USD/JPY Hits 2-day Low As BOJ Hold Steady On Policy
- Asia Stocks Decline As Yen Strengthens; Nikkei Sheds 0.22%
- Forex – GBP/USD Trims Gains After Worse-than-expected U.K. HPI
- Forex – EUR/USD Hits Daily High As Dollar Reverses Uptrend
- Bank Of Japan Leaves Interest Rate Unchanged
- Uranium Mining Stocks Just Beginning Its Major Move
- Crude Oil Sinks After Inventories Surge, Gold Falls After Reestablishing Its Correlation With The Dollar
- Forex – GBP/USD Up On Economic Data
- U.K. Nationwide HPI Falls More-than-expected
- Growth & Income Stock: McDonald's Corp
- Bear Of The Day: Lockheed Martin (LMT)
- Bull Of The Day: Eaton Corporation (ETN)
- Aggressive Growth Stock: LSI Industries
- Momentum Stock: Cheesecake Factory, Inc.
- Americans Are Still Selling Stocks, Buying Bonds
- Stock Chart Of The Day: DemandTec
- What Is Quantitative Easing? Fed’s Perspective & Writings
- Forex – EUR/USD Up During The Asian Session
- Forex – EUR/JPY Up During The Asian Session
- Forex – GBP/JPY Down During The Asian Session
- Gateway To The New America
- Only $4.2 Billion To Buy This Election?
- Forex – USD/JPY Down On Economic Data
- Crude Oil Inventory Watch: Demand And Imports Spike But Surplus Little Changed
- Oil Inventories Spark Steep Decline, Gold Threatens A Major Trend Reversal
| Look For Gold & Silver To Move To Support And Create A New Buy Signal Posted: 28 Oct 2010 03:44 AM PDT Treasury Secretary Timothy Geithner is trying to give support to the currency as tensions have grown on a devalued dollar. This past week he stressed the importance of a sound currency. The US definitely wants to devalue the dollar in a slow and steady way. The plunge in the US dollar, which is still the world's reserve currency, created a lot of international tension and speculation into gold and silver. The Fed wants to slowly devalue the dollar, not create a panic. If it's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Surges To 2-day High After Bollard Remarks Posted: 28 Oct 2010 03:14 AM PDT Forex Pros – New Zealand's dollar was up against its U.S. counterpart on Thursday, surging to a 2-day high after remarks by the country's central bank governor, Alan Bollard. NZD/USD hit 0.7508 during European morning trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.7490, gaining 0.49%. The pair was likely to find support at 0.7404, Wednesday's low and short-term resistance at 0.7560, the high of October 25. Earlier in the day, the Reserve Bank of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Britain’s CBI Realized Sales Fall More-than-expected Posted: 28 Oct 2010 03:08 AM PDT Forex Pros – Retail sales in Britain fell more-than-expected in October, industry data showed on Thursday. In a report the Confederation of British Industry said the result of its index of U.K. retailers was 36 in October, down from 49 in September. Analysts had expected the index to decline to 40 in October. On the index, a reading above zero indicates higher sales volume, below indicates lower. Commenting on the report, CBI Head of Economic Analysis, Lai Wah said, "High street … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 12 Statistics That Make You Wonder If Crime Is On The Rise In America Posted: 28 Oct 2010 03:01 AM PDT For about a decade and a half, crime rates in the United States have generally fallen. That is the good news. The bad news is that even during those “good” years, the United States still had the most car thefts, the most rapes and the most murders in the world. And even though the United States has the most people in prison in the entire world by a large margin, there are all kinds of signs that there are still enough criminals out there for crime to start moving back … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Oct 2010 02:55 AM PDT Norfolk Southern Corp. (NYSE:NSC) reported third quarter 2010 earnings of $1.19 per share, handily beating the Zacks Consensus estimate of $1.09 per share. Norfolk reported an improved quarter with earnings per share increasing 14.4% sequentially and 46.9% year-over-year.
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| European Stocks Rise On Upbeat Earnings; DAX Up 0.90% Posted: 28 Oct 2010 02:47 AM PDT Forex Pros – European stocks posted sharp gains after the open on Thursday, as strong corporate earnings reports lifted markets higher, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 was up 0.89%; France's CAC 40 rose 0.92%; while Germany’s DAX gained 0.90%. In earnings news, shares in Europe's largest oil company Royal Dutch Shell rose 1.26% after the company said third-quarter profit rose 7% to USD 3.46 billion, up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Down From 5-week High After Fed Disappoints Posted: 28 Oct 2010 02:43 AM PDT Forex Pros – The U.S. dollar was down against the Swiss franc on Thursday, retreating from a 5-week high, after reports that Federal Reserve easing was likely to be gradual disappointed expectations of large scale asset purchases. USD/CHF hit 0.9841 during European morning trade, a daily low; the pair subsequently consolidated at 0.9856, shedding 0.49%. The pair was likely to find support at 0.9701, Tuesday's low and resistance at 0.9928, Wednesday's high and a 5-week high. Earlier in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Wally Cato Recommends Sense On Cents Posted: 28 Oct 2010 02:42 AM PDT "Larry is our greatest writer on the economy."
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| Posted: 28 Oct 2010 02:35 AM PDT Norfolk Southern Corp. (NYSE:NSC) reported third quarter 2010 earnings of $1.19 per share, handily beating the Zacks Consensus estimate of $1.09 per share. Norfolk reported an improved quarter with earnings per share increasing 14.4% sequentially and 46.9% year-over-year.
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| Forex Trading: Eurozone Confidence Data Stronger Than Expected Posted: 28 Oct 2010 02:05 AM PDT Eurozone Consumer Confidence came in at -11, inline with estimates.
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| Forex – Dollar Down Vs. Rivals As Gradual Fed Easing Disappoints Posted: 28 Oct 2010 02:05 AM PDT Forex Pros – The U.S. dollar was down against all of the other major currencies on Thursday, retreating from earlier weekly highs after report in The Wall Street Journal saying that Federal Reserve easing was likely to be gradual disappointed expectations of large scale asset purchases. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.46% to hit 1.3829. The greenback was also down against the pound, with GBP/USD gaining 0.11% to hit 1.5787. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Trend To Determine How Low Silver Price Will Correct Posted: 28 Oct 2010 02:01 AM PDT China is the world's largest producer of gold, but it has plenty of other precious metals and rare minerals as well. Some in the world are already worried about so much power concentrated in one place. A Bloomberg Report this week stated that silver exports from China, one of the world's largest, may drop about 40 percent this year as domestic demand from industry and investors climbs. China is the third-largest producer after Peru and Mexico. It is expected that reduced exports … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Hits 2-day Low As BOJ Hold Steady On Policy Posted: 28 Oct 2010 01:23 AM PDT Forex Pros – The U.S. dollar fell to a to a 2-day low against the yen on Thursday, after the Bank of Japan held its benchmark interest rate steady but moved the date of its next policy meeting up to just after the next meeting of Federal Reserve policy makers. USD/JPY hit 81.23 during European morning trade, the pair's lowest since October 26; the pair subsequently consolidated at 81.35, shedding 0.51%. The pair was likely to find support at 80.61, the low of October 26 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Decline As Yen Strengthens; Nikkei Sheds 0.22% Posted: 28 Oct 2010 01:10 AM PDT Forex Pros – Asian stocks were down on Thursday, as slumping commodity-linked shares led markets lower, while Japanese exporters came under renewed pressure as the yen advanced against the U.S. dollar. During late Asian trade, Hong Kong’s Hang Seng Index was down 0.10%, South Korea’s Kospi Composite fell 0.09%, while Japan's Nikkei 225 Index shed 0.22%. Earlier in the day, the Bank of Japan kept its benchmark interest rate unchanged in a range of 0.0% to 0.1%, in line with … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Trims Gains After Worse-than-expected U.K. HPI Posted: 28 Oct 2010 12:49 AM PDT Forex Pros – The pound trimmed gains against the U.S. dollar on Thursday, retreating from the daily high, following the release of worse-than-expected data on U.K. house prices. GBP/USD retreated from 1.5830, the daily high to hit 1.5772 during early European trade, up 0.02%. Cable was likely to find support at 1.5650, the low of October 22 and resistance at 1.6002, the high of October 18. Earlier in the day, U.K. mortgage lender Nationwide said that its house price index fell by a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Hits Daily High As Dollar Reverses Uptrend Posted: 28 Oct 2010 12:32 AM PDT Forex Pros – The euro was up against the U.S. dollar on Thursday, rising to hit a daily high as the dollar reversed its recent uptrend. EUR/USD hit 1.3853 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3812, gaining 0.32%. The pair was likely to find support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday's high. Earlier in the week, the dollar had been boosted by a report that the U.S. Federal Reserve was likely to unveil a program of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bank Of Japan Leaves Interest Rate Unchanged Posted: 28 Oct 2010 12:19 AM PDT Forex Pros – The Bank of Japan kept its benchmark interest rate unchanged for December, it announced on Thursday. In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, widely in line with expectations. A statement on monetary policy released after the announcement showed that the Bank of Japan's nine-man policy board voted unanimously to maintain the interest rate at its current level. Following the decision, the yen was up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Uranium Mining Stocks Just Beginning Its Major Move Posted: 28 Oct 2010 12:01 AM PDT Uranium miners that are close to production in Wyoming are gaining a lot of enthusiastic interest from investors over the past few weeks. Some of the miners out of Wyoming have made huge percentage gains such as Uranerz (URZ), UR Energy (URG), Cameco (NYSE:CCJ) and Uranium One (TSX:UUU) as more mines are expected to receive permits to begin operation. There are thirteen mines being developed in Wyoming. Wyoming produces the largest amount of domestic uranium with Cameco's (CCJ) … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Oct 2010 11:51 PM PDT Commodities – Energy
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| Forex – GBP/USD Up On Economic Data Posted: 27 Oct 2010 11:30 PM PDT The British Pound was higher against the U.S. Dollar on Thursday after the release of U.K. data on Nationwide HPI. GBP/USD was trading at 1.5820, up 0.32% at time of writing. The pair was likely to find support at 1.5664, Monday's low, and resistance at 1.5896, Tuesday's high. Earlier in the day, data showed that The U.K.'s Nationwide house price index fell more-than-expected to a seasonally adjusted -0.70% last month from 0.00% in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Nationwide HPI Falls More-than-expected Posted: 27 Oct 2010 11:15 PM PDT The U.K.'s Nationwide house price index fell more-than-expected last month, data showed on Thursday. In a report, Nationwide Building Society said that said its index of U.K. house prices fell to -0.70%, from 0.00% in the preceding month whose figure was revised down from 0.10%. Analysts had expected the Nationwide HPI to fall -0.30% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Growth & Income Stock: McDonald's Corp Posted: 27 Oct 2010 11:05 PM PDT Shares of McDonald’s Corp (NYSE:MCD) have been on a roll lately. The world renowned fast-food giant went through the Great Recession virtually unscathed as cash-strapped consumers flocked to the company’s Value Menu.
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| Bear Of The Day: Lockheed Martin (LMT) Posted: 27 Oct 2010 11:05 PM PDT Lockheed Martin Corporation (NYSE:LMT), the largest U.S. defense contractor, reported disappointing numbers in the third quarter, with EPS missing the Zacks Consensus Estimate and lagging the year-ago quarterly numbers.
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| Bull Of The Day: Eaton Corporation (ETN) Posted: 27 Oct 2010 11:05 PM PDT Eaton Corp. (NYSE:ETN) has gradually transformed itself from an automotive and truck component manufacturer into a diversified industrial enterprise with leading positions in its core electrical, hydraulic and aerospace market segments.
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| Aggressive Growth Stock: LSI Industries Posted: 27 Oct 2010 11:05 PM PDT LSI Industries Inc. (NASDAQ:LYTS) is a great turn around story, climbing to a Zacks #1 Rank (Strong Buy) on the most recent earning announcement.
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| Momentum Stock: Cheesecake Factory, Inc. Posted: 27 Oct 2010 11:05 PM PDT Cheesecake Factory, Inc. (NASDAQ:CAKE) recently jumped to within striking distance of its multi-year high after reporting solid Q3 results that included a 9% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock is a VIP member of the momentum club.
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| Americans Are Still Selling Stocks, Buying Bonds Posted: 27 Oct 2010 10:20 PM PDT Since the financial crisis in 2008, it is undeniable that precious metals have been the best performer. One would assume that market participants have been piling into Precious Metals. Certainly some money has moved into the sector, smartly anticipating the continuance of a major bull market and looming severe inflation in the next several years. Yet, most funds have moved into fixed income (corporate bonds and treasuries) as the chart shows. Corporate Bonds have been an even … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Chart Of The Day: DemandTec Posted: 27 Oct 2010 09:59 PM PDT Today’s Chart of the Day is DemandTec (NASDAQ:DMAN). Looks set to have a third shot at the 11 mark. Like the way MA(20) provided support during the pullback. Would like to see some volume come in before the end of the week. Things get even more interesting when one has a look at the weekly chart. A break of 11.05 and this has room to run a lot … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| What Is Quantitative Easing? Fed’s Perspective & Writings Posted: 27 Oct 2010 09:25 PM PDT Part 3 in a 6 Part Video Series on Quantitative Easing A Wall Street Journal article (10/27/10) on quantitative easing (QE) hints the Fed will take a middle of the road approach in terms of the size and duration of QE2. As we would expect, the stock and commodity markets' initial reaction is negative. A middle of the road approach to QE seems counter intuitive to the Fed's own historical analysis of why quantitative easing was ineffective in Japan. In CCM's July 2010 review of … [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: 27 Oct 2010 09:00 PM PDT The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on New Home Sales. EUR/USD was trading at 1.3825, up 0.41% at time of writing. The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high. Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 307.00K last month from 288.00K in the preceding month. Analysts had expected new … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Up During The Asian Session Posted: 27 Oct 2010 08:00 PM PDT The Euro was higher against the Japanese Yen on Thursday after the release of Japanese data on Retail Sales. EUR/JPY was trading at 112.74, up 0.14% at time of writing. The pair was likely to find support at 112.23, Wednesday's low, and resistance at 113.79, Monday's high. Earlier in the day, official data showed that Japanese retail sales rose less-than-expected to a seasonally adjusted annual rate of 1.20% last month from 4.30% in the preceding month. Analysts had expected retail … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Down During The Asian Session Posted: 27 Oct 2010 07:15 PM PDT The British Pound was lower against the Japanese Yen on Thursday after the release of Japanese data on Retail Sales. GBP/JPY was trading at 128.89, down 0.03% at time of writing. The pair was likely to find support at 126.46, Monday's low, and resistance at 129.61, Wednesday's high. Earlier in the day, official data showed that Japanese retail sales rose less-than-expected to a seasonally adjusted annual rate of 1.20% last month from 4.30% in the preceding month. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Oct 2010 06:47 PM PDT A photo essay at the Huffington Post, entitled “Haunting Images of Post-Boom Las Vegas,” provides a fresh perspective on a place that many once viewed as the gateway to the new America. Viva Las Vegas!
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| Only $4.2 Billion To Buy This Election? Posted: 27 Oct 2010 06:18 PM PDT This, from the Washington Post's conservative pundit George Will: Total spending by parties, campaigns and issue-advocacy groups concerning every office from county clerks to U.S. senators may reach a record $4.2 billion in this two-year cycle. That is about what Americans spend in one year on yogurt, but less than they spend on candy in two Halloween seasons. Proctor & Gamble spent $8.6 billion on advertising in its last fiscal year. Those who are determined to reduce the quantity of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down On Economic Data Posted: 27 Oct 2010 05:55 PM PDT The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on Retail Sales. USD/JPY was trading at 81.67, down 0.11% at time of writing. The pair was likely to find support at 80.42, Monday's low, and resistance at 81.98, Wednesday's high. Earlier in the day, official data showed that Japanese retail sales rose less-than-expected to a seasonally adjusted annual rate of 1.20% last month from 4.30% in the preceding month. Analysts had expected retail … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Inventory Watch: Demand And Imports Spike But Surplus Little Changed Posted: 27 Oct 2010 05:19 PM PDT Inventories For the second week in a row the total petroleum surplus expanded, but just slightly. In fact, it remains almost 15 million barrels below the recent peak near 111 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Oil Inventories Spark Steep Decline, Gold Threatens A Major Trend Reversal Posted: 27 Oct 2010 05:16 PM PDT North American Commodity Update
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