Wednesday, November 24, 2010

DailyMarkets.com - 11 Reasons Why North Korea Is The Most Bizarre Nation On Earth

DailyMarkets.com - 11 Reasons Why North Korea Is The Most Bizarre Nation On Earth


11 Reasons Why North Korea Is The Most Bizarre Nation On Earth

Posted: 24 Nov 2010 03:35 AM PST

Is the United States about to go to war with the most bizarre nation on earth?  A lot of Americans would actually welcome “the Korean War Part 2″, but before people get too excited it is important to keep in mind that we have never been at war with a nation that actually possesses nuclear weapons.  At this point it is unclear exactly how powerful North Korea’s nuclear weapons are, but nearly everyone does agree that they are crazy enough to use them.  North Korea reportedly has … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ireland Debt Crisis: Investing Successfully In The Perpetual Crisis Era

Posted: 24 Nov 2010 03:20 AM PST

Ever since the long crisis of 2007-2008 that ended in the credit crunch, the financial world has jumped from crisis to crisis.

Last week it was the muni bond crisis. This week it's the Ireland debt crisis. In a few weeks, Bloomberg warns, the Greek government may have to shut down because it doesn't have any money.

After that, there's the rest of the PIIGS – Portugal, Italy, and Spain – will have their turn as the crisis du jour. Then in time the food, oil, and the dollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Advance On Automakers, Miners; DAX Gains 0.81%

Posted: 24 Nov 2010 03:07 AM PST

Forex Pros – European stocks were up on Wednesday, as gains in automakers and miners outweighed losses in the financial sector, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 gained 0.35%; France's CAC 40 advanced 0.37%; while Germany’s DAX climbed 0.81%.

Shares in automakers led gains after Porsche said third quarter net earnings jumped by 86% to EUR 395 million, as sales in the quarter surged 80% to EUR 2.1 billion. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Tumbles To 2-month Low, Shrugging Off Ifo

Posted: 24 Nov 2010 02:57 AM PST

Forex Pros – The euro was down against the pound on Wednesday, tumbling to a 2-month low, amid continuing fears that Ireland's debt crisis could spread and amid heightened tensions on the Korean peninsula.

EUR/GBP hit 0.8428 European morning trade, the pair's lowest since September 21; the pair subsequently consolidated at 0.8444, shedding 0.34%.

The pair was likely to find support at 0.8388, the low of September 21 and resistance at 0.8545, Tuesday's high.

Earlier in the day, data … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals As Korea Tensions Mount

Posted: 24 Nov 2010 02:14 AM PST

Forex Pros – The U.S. dollar was mixed against its major rivals on Wednesday, after North Korea said that South Korea was driving the peninsula to the "brink of war" sparking a fresh wave of risk aversion.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.46% to hit 1.3304.

Later in the day, Ireland was to unveil a four year austerity plan, as part of a precondition for a bailout by the European Union and the International Monetary Fund. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Industrial New Orders Fall More-than-expected

Posted: 24 Nov 2010 02:08 AM PST

Forex Pros – Industrial new orders in the euro zone fell more-than-expected in September, official data showed on Wednesday.

In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 3.8% in September, after rising by 5.1% in August, whose figure was revised down from 5.3%.

Analysts had expected industrial new orders to decline by 2.7% in September.

The report also showed that the annualized rate of industrial new orders in the euro zone rose by 13.5% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone New Orders Worse Than Expected At -3.8%

Posted: 24 Nov 2010 02:06 AM PST

Forex Trading: Eurozone Industrial New Orders M/m At 5

Posted: 24 Nov 2010 01:49 AM PST

Forex Trading: EUR/USD Trading Near 100 Day Moving Average

Posted: 24 Nov 2010 01:47 AM PST

After moving substantially lower over the past two hours, the session low of 1.3284 comes in near the 100 day moving average which currently comes in at 1.3296. If downward momentum continues the next stop lower, on a daily perspective, is the 61.8% line ( at 1.32335) on the move from August 23rd lows to November 3rd highs. A reversal may see the pair visit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Trading In Narrow Range As Korea Tensions Soar

Posted: 24 Nov 2010 01:44 AM PST

Forex Pros – The U.S. dollar was trading in a narrow range against the Swiss franc on Wednesday, swinging between small gains and losses as tensions in Korea soared, exacerbating risk aversion.

USD/CHF hit 0.9990 during European morning trade, the pair's highest since November 19, the pair subsequently consolidated at 0.9966, shedding 0.06%.

The pair was likely to find support at 0.9876, Monday's low and resistance at 1.0073, the high of September 21.

Earlier in the day, North … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. GDP Unchanged In Line With Expectations In Third Quarter

Posted: 24 Nov 2010 01:41 AM PST

Forex Pros – The U.K. economy grew in line with expectations during the third quarter of 2010, unchanged from an advanced estimate, official revised data showed on Wednesday.

In a report, the U.K.'s National Statistics Office said gross domestic product increased at a seasonally adjusted rate of 0.8% during the third quarter, unchanged from a preliminary estimate of 0.8%.

Analysts had expected the revised estimate of U.K. gross domestic product to rise 0.8% in the third quarter.

The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


German Ifo Business Climate Rises Unexpectedly

Posted: 24 Nov 2010 01:06 AM PST

Forex Pros – German business confidence rose unexpectedly in November, rising to the highest level since May 2007, data showed on Wednesday.

In a report, the German research institute, Ifo said its business climate index rose to a seasonally adjusted 109.3 in November, after advancing to 107.6 in October.

Analysts had expected the index to decline to 107.5 in November.

The report said that in the manufacturing sector the business climate had “brightened strongly” while in the wholesale, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Euro Lower After Better German IFO Reading

Posted: 24 Nov 2010 01:02 AM PST

German IFO reading came ina t 109.3; better than expected. Italian retail sales worse at -0.2%.
Shown below you can see that the pair made a stern move lower following the release after finding some short term resistance around … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Hits Daily Low As Korean Jitters Dent Risk Appetite

Posted: 24 Nov 2010 12:58 AM PST

Forex Pros – The U.S. dollar was down against the yen on Wednesday, falling to a daily low as ongoing tensions on the Korean peninsula after North Korea's shelling of a South Korean island supported safe haven buying.

USD/JPY hit 82.95 during early European trade, the daily low; the pair subsequently consolidated at 82.99, shedding 0.19%.

The pair was likely to find support at 82.39 the low of November 15 and resistance at 83.84, Tuesday's high.

While Tuesday’s artillery attack was one … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Rebounds Off 1-month Low As Risk Aversion Eases

Posted: 24 Nov 2010 12:18 AM PST

Forex Pros – The pound was up against the U.S. dollar on Wednesday, rebounding from a 1-month low as risk aversion sparked by a military skirmish on the Korean peninsula eased while concerns over euro zone sovereign debt contagion simmered.

GBP/USD hit 1.5838 during late Asian trade, the daily high; the pair subsequently consolidated at 1.5792, gaining 0.11%.

Cable was likely to find support at 1.5757, Tuesday's low and a 1-month low and resistance at 1.5964, Tuesday's high.

Seoul's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Mixed On Euro Zone Debt Fears; Nikkei Down 0.84%

Posted: 23 Nov 2010 11:52 PM PST

Forex Pros – Asian stocks were mixed on Wednesday, amid fears over euro zone sovereign debt contagion and geopolitical tensions in Korea, while Japanese exporters declined a day after the yen advanced to a 2-month high against the euro.

During late Asian trade, Hong Kong’s Hang Seng Index was up 0.40%, South Korea’s Kospi Composite shed 0.15%, while Japan's Nikkei 225 Index fell 0.84%.

Shares in the financial sector were broadly lower amid ongoing concerns over euro zone sovereign debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Finds Support, Eases Off 2-month Low

Posted: 23 Nov 2010 11:38 PM PST

Forex Pros – The euro was slightly higher against the U.S. dollar on Wednesday, easing off a 2-month low after a massive sell-off saw the single currency tumble 1.9% amid fears over the euro zone sovereign debt crisis and tensions in Korea.

EUR/USD hit 1.3419 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3403, gaining 0.26%.

The pair was likely to find support at 1.3285, the low of September 24 and resistance at 1.3565, the high of November 17.

The euro … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Northern Trust Corp. (NTRS)

Posted: 23 Nov 2010 11:05 PM PST

Northern Trust Corporation’s (NASDAQ:NTRS) third quarter earnings of $0.64 per share were below the Zacks Consensus Estimate of $0.72, attributed to the low interest rate environment and lingering economic recovery. Last year, the company reported a gain of $0.77 per share and $0.82 in the prior quarter.
We expect increased asset management and servicing fees based on anticipated improvement in equity markets and higher volumes. The company is also poised to benefit with the growth in client … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Covidien Plc

Posted: 23 Nov 2010 11:05 PM PST

Covidien Plc (NYSE:COV) recently delivered its 6th consecutive positive earnings surprise due to solid growth in medical devices and strong operating leverage. Estimates have risen higher since the earnings beat, sending the stock to a Zacks #2 Rank (Buy).
The company expects double-digit EPS growth for the long-term and plans to continue rewarding its shareholders through stock buy backs and dividends. Shares also trade at very reasonable valuations, making this stock a compelling buy.
Company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: American Capital Agency (AGNC)

Posted: 23 Nov 2010 11:05 PM PST

We are changing our long-term recommendation for American Capital Agency (NASDAQ:AGNC) from Neutral to Outperform as we anticipate it to perform well above the broader market.
In the last 30 days, fiscal earnings estimates have been increased by most of the analysts covering the stock, driven by its viable business model and government backing, which limits its credit risk. American Capital is among a selected group of companies who have increased its dividend during the economic crisis.
Over the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Genomic Health

Posted: 23 Nov 2010 11:05 PM PST

Genomic Health, Inc (NASDAQ:GHDX) shares are doing great after a bullish quarterly report. Analyst estimates are on the rise, pushing GHDX to a Zacks #1 Rank (Strong Buy).
There is always a worry that shares will drop right back down after a sharp increase, but it looks like investors are happy with shares at this higher level.
Company Description
Genomic Health develops genomic-based lab services for cancer patients. The company’s Oncotype DX can be used for breast cancer tests to predict … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Estee Lauder Co.

Posted: 23 Nov 2010 11:05 PM PST

Estee Lauder Co. (NYSE:EL) recently jumped to a new multi-year high after reporting an awesome Q3 earnings surprise of 26% in early November. With consistent earnings over the last four quarters and a bullish next-year estimate, this Zacks #1 rank stock has plenty of upward momentum ahead of the holidays.
Company Description
The Estee Lauder Companies, Inc., manufactures and sells various personal care products like skin care, fragrances and makeup worldwide. The company was founded in 1946 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 23 Nov 2010 10:10 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3399, up 0.23% at time of writing.

The pair was likely to find support at 1.3360, Tuesday's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8470 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Charts For Wednesday

Posted: 23 Nov 2010 09:28 PM PST

Despite the poor action in the broader market, geopolitical worries, and debt issues in Europe, I see lots of charts I like. Regarding North Korea, most likely this is saber-rattling to build support for Kim Jong Il’s son as the country looks to transition to a new leader. Certainly the crisis could escalate on its own momentum, but neither side would win in a large-scale conflict.

As I write this Asian markets are mostly higher. Going into tomorrow, I am long ATI, MYL, Research In … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The Asian Session

Posted: 23 Nov 2010 09:25 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.5831, up 0.35% at time of writing.

The pair was likely to find support at 1.5760, Tuesday's low, and resistance at 1.6095, Friday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8466 and GBP/JPY rising 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Tests Key Support For A Fourth Day, Gold Rises On Korean Conflict Bucking Dollar Surge

Posted: 23 Nov 2010 08:51 PM PST

Commodities – Energy
Crude Oil Tests Key Support for a Fourth Day
Crude Oil (WTI) – $81.70 // $0.45 // 0.55%
Commentary: Crude shed $0.49, or 0.6%, to settle at $81.25 on Tuesday, but prices are recovering much of those losses in overnight trade. Trading action continues to be dominated by the debt crisis in Ireland and Europe more generally, but the addition of a skirmish between North and South Korea added to concerns on Tuesday. U.S. equities tumbled 1.4% and got close to testing last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The Asian Session

Posted: 23 Nov 2010 08:50 PM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9950, down 0.24% at time of writing.

The pair was likely to find support at 0.9849, Tuesday's low, and resistance at 0.9998, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.25% to hit 1.3401 and USD/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Don’t Blame U.S. Consumers For Overspending

Posted: 23 Nov 2010 08:28 PM PST

A senior CNN writer cooked up quite “a stew of errors, misunderstandings, and non sequiturs” (to quote Don Boudreaux referring to another recent “trade stew”) about trade imbalances in an article titled “The Trouble With ‘Global Imbalances’.”  Don responded here to this example of the “hysteria stirred up by the incessant barrage of uninformed reporting about trade and trade deficits.”

One theme of the CNN article of “global imbalances” is that Americans “overspend” and “overconsume,” … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The Asian Session

Posted: 23 Nov 2010 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Wednesday.

EUR/GBP was trading at 0.8469, down 0.06% at time of writing.

The pair was likely to find support at 0.8446, Tuesday's low, and resistance at 0.8596, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.3398 and EUR/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Buy, Sell Or Hold: Canadian Imperial Bank Of Commerce (CM:TSX) With Bruce Campbell Of Campbell & Lee Investment Management

Posted: 23 Nov 2010 08:07 PM PST

Bruce Campbell is President of Campbell & Lee Investment Management Inc.

Today we are continuing on with Part 2 of our interview with Bruce Campbell of Campbell & Lee Investment Management. With the financial sector making up 28.95% of the S&P/TSX Composite, in the ensuing interview, you'll find out Bruce's thesis for owning CIBC also know as the Canadian Imperial Bank of Commerce (CM:TSX).

Biography: Bruce Campbell is a widely respected professional money … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During The Asian Session

Posted: 23 Nov 2010 07:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.

USD/JPY was trading at 83.19, up 0.05% at time of writing.

The pair was likely to find support at 82.79, Tuesday's low, and resistance at 83.84, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.23% to hit 1.3398 and GBP/USD rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The Asian Session

Posted: 23 Nov 2010 07:10 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.

USD/CAD was trading at 1.0185, down 0.61% at time of writing.

The pair was likely to find support at 1.0122, Monday's low, and resistance at 1.0265, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.30% to hit 1.3408 and GBP/USD rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Wednesday 24 November

Posted: 23 Nov 2010 06:53 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore market is currently trading in positive, recovering from yesterday's selldown. STI up 0.43% to 3139.68.
Watch Out For Economic News Today

U.K GDP (3Q10)

U.S Oct durable goods

U.S. Oct Home Price Index

U.S. Oct New Home Sales

Corporate Announcements

Tiger Airways and South East Asian Airlines (SEAIR) set up “Partner Airline” programme which SEAIR will operate jet flights using aircraft leased from Tiger … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The Asian Session

Posted: 23 Nov 2010 06:30 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.

AUD/USD was trading at 0.9802, up 0.80% at time of writing.

The pair was likely to find support at 0.9709, Tuesday's low, and resistance at 0.9954, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.48% to hit 1.3688 and AUD/JPY rising 0.85% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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