DailyMarkets.com - An Eerie Calm Before The Storm |
- An Eerie Calm Before The Storm
- European Stocks Advance On Financials; DAX Up 0.21%
- Forex – EUR/GBP Erases Gains After Better-than-expected U.K. PMI
- U.K. Manufacturing PMI Rises Unexpectedly
- Forex – Dollar Broadly Lower As FOMC Meeting Weighs On Sentiment
- Forex – USD/CHF Advances After Disappointing Swiss PMI Data
- Forex – GBP/USD Retreats From 11-day High After Weak U.K. Data
- Asia Stocks Broadly Higher On Regional Data; Nikkei Sheds 0.52%
- Forex – USD/JPY Spikes To 2-day High But Quickly Pares Gains
- Forex – EUR/USD Hits 5-day High Amid Uncertainty Ahead Of FOMC
- Crude Oil Rises As China Manufacturing PMI Surprises, Gold Awaits Fed Decision For Guidance But Silver At New 30-Year Highs
- Bear Of The Day: Jacobs Engineering (JEC)
- Bull Of The Day: Neurocrine Biosciences (NBIX)
- Aggressive Growth Stock: AVX Corp.
- Growth & Income Stock: Union Pacific Corp
- Momentum Stock: Manhattan Associates, Inc.
- Marc Faber: Fed’s QE2 Could Trigger Market Correction
- A Guide To Investing In Real Estate Investment Trusts (REITs) With Dennis Mitchell, CFA Of The Sentry REIT Fund
- Important Economic Events For The Trading Week: Nov. 1 – Nov. 5
- Forex – EUR/USD Up During The Asian Session
- Singapore Stock Market Update For Monday 01 November
- Short Stock Plays For This Week: Children’s Place, Flowserve, Amag Pharmaceuticals
- Forex – AUD/USD Up On Economic Data
- Forex – GBP/JPY Up During The Asian Session
- Random Halloween Links
- Forex – EUR/JPY Up During The Asian Session
- Forex – NZD/USD Down During The Asian Session
- Turnaround For AOL Begins With Property Sales
- One Thing In Common
- Forex – GBP/USD Up During The Asian Session
- Only One Way To Go?
- Signs Of The Apocalypse?
| An Eerie Calm Before The Storm Posted: 01 Nov 2010 03:30 AM PDT An eerie calm has descended upon world financial markets as they await perhaps the two most important financial events of the year this week. On Tuesday, investors will be eagerly awaiting the results of one of the most anticipated midterm elections in U.S. history. On Wednesday, the Federal Reserve is expected to end months of speculation by formally announcing the details of a new round of quantitative easing. If either the election or the meeting of the Federal Reserve open … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Advance On Financials; DAX Up 0.21% Posted: 01 Nov 2010 03:12 AM PDT Forex Pros – European stocks advanced on Monday, as shares in the financial sector lifted markets, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 was up 0.14%; France's CAC 40 rose 0.12%; while Germany’s DAX gained 0.21%. Shares in the financial sector were higher ahead of this week's much anticipated meeting of the U.S. Federal Open Market Committee, which was expected to unveil fresh monetary easing.
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| Forex – EUR/GBP Erases Gains After Better-than-expected U.K. PMI Posted: 01 Nov 2010 03:03 AM PDT Forex Pros – The pound erased losses against the euro on Monday rising to a fresh daily high, following the release of better-than-expected U.K. manufacturing data. EUR/GBP hit 0.8696 after retreating from 0.8723, the daily high during European morning trade, shedding 0.03%. The pair was likely to find support at 0.8625, the low of October 5 and resistance at 0.8741, Friday's high. Earlier in the day, research group Markit said that its U.K. manufacturing PMI rose to a seasonally … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Manufacturing PMI Rises Unexpectedly Posted: 01 Nov 2010 02:38 AM PDT Forex Pros – Manufacturing activity in the U.K. increased unexpectedly in October, rising for the first time since March, data showed on Monday. In a report, market research group Markit said that its U.K. manufacturing PMI rose to a seasonally adjusted 54.9 in October, after dropping to 53.4 in September. Analysts had expected the manufacturing PMI to fall to 53.0 in October. On the index, a reading above 50.0 indicates industry expansion, below indicates contraction. Commenting on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Lower As FOMC Meeting Weighs On Sentiment Posted: 01 Nov 2010 02:32 AM PDT Forex Pros – The U.S. dollar was broadly lower against the other major currencies on Monday ahead of the much-anticipated Tuesday-Wednesday meeting of the U.S. Federal Open Market Committee, which was expected to unveil fresh monetary easing. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.27% to hit 1.3984. The greenback was also down against the pound, with GBP/USD gaining 0.26% to hit 1.6084. Earlier in the day, property research group … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Advances After Disappointing Swiss PMI Data Posted: 01 Nov 2010 02:15 AM PDT Forex Pros – The U.S. dollar was up against the Swiss franc on Monday, rising to a fresh daily high, following the release of disappointing Swiss manufacturing data. USD/CHF hit 0.9891 during early European trade, a daily high; the pair subsequently consolidated at 0.9855, gaining 0.31%. The pair was likely to find support at 0.9701, the low of October 26 and resistance at 0.9928, the high of October 27. Earlier in the day, data showed that Switzerland’s SVME Purchasing Managers’ Index … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Retreats From 11-day High After Weak U.K. Data Posted: 01 Nov 2010 01:56 AM PDT Forex Pros – The pound was down against the U.S. dollar on Monday, retreating from an 11-day high following the release of worse-than-expected U.K. data on house prices. GBP/USD hit 1.6027 after retreating from 1.6083, the pair's highest since October 15 during early European trade, shedding 0.09%. Cable was likely to find support at 1.5876, last Friday's low and resistance at 1.6103, the high of October 15. Earlier in the day, property research group Hometrack said that U.K. house … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Broadly Higher On Regional Data; Nikkei Sheds 0.52% Posted: 01 Nov 2010 01:30 AM PDT Forex Pros – Asian stocks were broadly higher on Monday, as upbeat Chinese manufacturing data boosted markets, while the Nikkei closed lower amid largely disappointing corporate earnings reports. During late Asian trade, Hong Kong’s Hang Seng Index climbed 2.38%, South Korea’s Kospi Composite jumped 1.69%, while Japan's Nikkei 225 Index shed 0.52%. Earlier in the day, official Chinese data showed that manufacturing output rose unexpectedly in October, rising to the highest level in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Spikes To 2-day High But Quickly Pares Gains Posted: 01 Nov 2010 01:25 AM PDT Forex Pros – The U.S. dollar spiked to a 2-day high against the yen on Monday, before speedily paring gains, sparking speculation of a possible intervention by Japan. USD/JPY hit 81.43 during late Asian trade, the pair's highest since October 28; the pair subsequently consolidated at 80.44, gaining 0.07%. The pair was likely to find support at 79.75, the low of April 19 1995 and the all-time low and resistance at 81.97, the high of October 27. The dollar's rapid rise sparked … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Hits 5-day High Amid Uncertainty Ahead Of FOMC Posted: 01 Nov 2010 12:41 AM PDT Forex Pros – The euro was up against the U.S. dollar on Monday, rising to hit a 5-day high ahead of the much-anticipated Tuesday-Wednesday meeting of the U.S. Federal Open Market Committee, which was expected to unveil fresh monetary easing. EUR/USD hit 1.4011 during late Asian trade, the pair's highest since October 25; the pair subsequently consolidated at 1.3968, gaining 0.16%. The pair was likely to find support at 1.3763, last Thursday's low and resistance at 1.4079, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Oct 2010 11:51 PM PDT Commodities – Energy
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| Bear Of The Day: Jacobs Engineering (JEC) Posted: 31 Oct 2010 11:05 PM PDT We downgrade our recommendation on Jacobs Engineering (NYSE:JEC) from Neutral to Underperform based on the company’s continuous decrease in backlog since the beginning of fiscal 2010, which is expected to negatively affect its top-line results in fiscal 2011.
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| Bull Of The Day: Neurocrine Biosciences (NBIX) Posted: 31 Oct 2010 11:05 PM PDT With a strong financial position, we believe Neurocrine Biosciences (NASDAQ:NBIX) is in an outstanding position to build shareholder value over the next several years.
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| Aggressive Growth Stock: AVX Corp. Posted: 31 Oct 2010 11:05 PM PDT AVX Corp (NYSE:AVX) analysts keep raising estimates, this time on solid quarterly results. The CEO sounds optimistic and the fundamentals keep getting better and better.
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| Growth & Income Stock: Union Pacific Corp Posted: 31 Oct 2010 11:05 PM PDT Union Pacific Corp (NYSE:UNP) carried its strong momentum into the third quarter and delivered yet another positive earnings surprise. The railroad giant hasn’t missed on earnings in over 5 years.
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| Momentum Stock: Manhattan Associates, Inc. Posted: 31 Oct 2010 11:05 PM PDT Manhatten Associates, Inc. (NASDAQ:MANH) recently jumped higher to within striking distance of the multi-year high at $31.64 after reporting a solid Q3 earnings surprise of 17%. With estimates on the rise and a strong industry rank, this Zacks #1 rank stock is flying high with momentum.
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| Marc Faber: Fed’s QE2 Could Trigger Market Correction Posted: 31 Oct 2010 11:01 PM PDT Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing (QE2) by the U.S. Federal Reserve in a Bloomberg interview on Oct. 36 (clip below). Correction Triggered by QE2? Faber sees Democrats–”sadly enough”–would get a shot at still retaining the majority, which would mean the monetary and fiscal policy will most likely stay on its current course. Equity has done well in Sep. and Oct months; however, Faber thinks … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Oct 2010 10:00 PM PDT Lets assume that low mortgage rates are here to stay for some time. What if one also assumed that there will continue to be a strong appetite for good-quality real estate? Well, if you put those two variables together, it's not hard to envision an environment with lower cap rates. Lower cap rates drive Net Asset Values (NAV) higher, translating into higher total returns for REIT investors. Combine this with the near insatiable appetite for yield and income by investors and you'll find that … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Important Economic Events For The Trading Week: Nov. 1 – Nov. 5 Posted: 31 Oct 2010 09:51 PM PDT The Fed's QE2 decision all traders have been waiting for will come in the busy trading week ahead filled with crucial U.S. economic data, which will culminate with the FOMC interest rate announcement and the U.S. Non-Farm Payrolls employment report. In preparation for the new trading week, here is a list of the Top 10 spotlight economic events that will move the markets around the globe. 1. USD- U.S. Personal Income and Outlays, a measure of the income received and … [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: 31 Oct 2010 09:45 PM PDT The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3980, up 0.25% at time of writing. The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.3997, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8708 and EUR/JPY rising 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Monday 01 November Posted: 31 Oct 2010 09:33 PM PDT Morning Highlights There Are No Quick Picks For Today! Shares of Singapore-listed Golden Agri-Resources rose 5.4% to $0.685 on Monday, boosted by news palm oil refiner Mewah International has set an indicative price for its IPO. Watch Out For Economic News Today China Oct PMI Manufacturing (China Federation of Logistics and Purchasing’s PMI rose to 54.7 in October, from September’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Short Stock Plays For This Week: Children’s Place, Flowserve, Amag Pharmaceuticals Posted: 31 Oct 2010 09:12 PM PDT The regular readers of this blog know that I haven’t gone for short for a long time. In fact, I can’t remember the last time I was short this market. My bias is still towards being long these markets but that being said, I am well aware of the possibility that a bad QE2 number on Wednesday and this market could fall….and fall fast. In the spirit of being prepared for any eventuality, here are a few short candidates I like here with comments on the charts itself. Flowserve … [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: 31 Oct 2010 09:00 PM PDT The Australian Dollar was higher against the U.S. Dollar on Monday. AUD/USD was trading at 0.9884, up 0.49% at time of writing. The pair was likely to find support at 0.9652, Wednesday's low, and resistance at 0.9890, today's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.25% to hit 1.4146 and AUD/JPY rising 0.82% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Up During The Asian Session Posted: 31 Oct 2010 08:25 PM PDT The British Pound was higher against the Japanese Yen on Monday. GBP/JPY was trading at 129.50, up 0.43% at time of writing. The pair was likely to find support at 127.99, Friday's low, and resistance at 130.36, today's high. Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.09% to hit 1.6056 and EUR/GBP rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Oct 2010 07:44 PM PDT 1. Bedbug Registry — Traveling soon? Check out this free, public database of user-submitted bed bug reports from across the United States and Canada. HT: Mike Carlson 2. Families avoid flying from U.K. to Egypt and Caribbean as air taxes increase. If you tax something….. 3. Hells Angels sue over the use of their logo. 4. The bottom is falling out of global ocean surface temperatures, are we headed for global cooling? 5. Mount Everest gets 3G. 6. Entrepreneurs as … [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: 31 Oct 2010 07:40 PM PDT The Euro was higher against the Japanese Yen on Monday. EUR/JPY was trading at 112.85, up 0.66% at time of writing. The pair was likely to find support at 111.53, Friday's low, and resistance at 113.19, Wednesday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.32% to hit 1.3989 and EUR/GBP rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Down During The Asian Session Posted: 31 Oct 2010 07:00 PM PDT The New Zealand Dollar was lower against the U.S. Dollar on Monday. NZD/USD was trading at 0.7662, down 0.03% at time of writing. The pair was likely to find support at 0.7406, Wednesday's low, and resistance at 0.7670, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.49% to hit 1.2896 and EUR/NZD rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Turnaround For AOL Begins With Property Sales Posted: 31 Oct 2010 07:00 PM PDT 10/29/10 Internet company AOL announced Friday that it is selling four office buildings and two undeveloped land parcels for roughly … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Oct 2010 06:52 PM PDT In a February 2010 report, the Pew Research Center noted that the Millennials — those born somewhere from the mid-1970s to the early 2000s — are different than other generations:
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| Forex – GBP/USD Up During The Asian Session Posted: 31 Oct 2010 06:00 PM PDT The British Pound was higher against the U.S. Dollar on Monday. GBP/USD was trading at 1.6053, up 0.07% at time of writing. The pair was likely to find support at 1.5731, Wednesday's low, and resistance at 1.6059, Monday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8698 and GBP/JPY rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Oct 2010 05:49 PM PDT According to the “experts,” the fact that the U.S. economy is softening, companies aren’t hiring, sales are sluggish, and margins have nowhere to go but down is not a barrier to higher share prices. Indeed, many of them believe that fundamentals like these merely represent a “wall of worry” that serves as a springboard to continuing gains.
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| Posted: 29 Oct 2010 07:27 PM PDT As we approach Halloween, here are some signs of the Apocalypse: The average American credit score is now 666. Does this mean it’s time to watch the Rapture Index more closely?
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