DailyMarkets.com - Euro Debt Crisis Ready To Spread To Ireland
DailyMarkets.com - Euro Debt Crisis Ready To Spread To Ireland |
- Euro Debt Crisis Ready To Spread To Ireland
- Caterpillar Expands Into Mining Sector With Bucyrus Acquisition
- Fed Openly Printing Money Out Of Thin Air Whenever It Wants – How Did We Get To This Point?
- Stocks To Watch On Tuesday: Berkshire Hathaway, Bank Of New York Mellon, Caterpillar, Bucyrus, EMC, Isilon, Genzyme, BHP Billiton, AstraZeneca, Deutsche Bank, UBS
- Support Levels For Gold & Silver As They Pullback After Fantastic Gains
- Forex Trading: Eurozone CPI
- German ZEW Economic Sentiment Rises More-than-expected
- Forex – Dollar Mixed Vs. Rivals After Dovish Fed Comments
- Forex Trading: Eurozone ZEW
- U.K. Consumer Price Inflation Rises Unexpectedly
- Forex – USD/CHF Touches Daily Low On Dovish Fed Outlook
- S&P 500: Waiting For Mr Market To Show His Hand
- Forex – USD/JPY Hits Daily High After Japan Approves Stimulus
- Quantitative Easing Update: US Interest Rates Back On The Rise
- Jeremy Grantham: Have Cash, Wait For Stocks To Fall
- Quantitative Easing 101
- Gary Shilling On Deflation
- Laugh Out Loud: America Splendor Remains Adrift …
- Forex – GBP/USD Hits 2-day Low Ahead Of U.K. Inflation Data
- Asia Stocks Decline As Commodities Slump; Nikkei Sheds 0.31%
- Forex – EUR/USD Rebounds From 7-week Low After Dovish Fed Remarks
- Play Black Friday And The Holiday Shopping Season With These Tech Stocks
- Santa To Send The Philippine Peso Back To P42.00 Vs. The US Dollar?
- Bear Of The Day: Capella Education (CPLA)
- Bull Of The Day: Micromet, Inc. (MITI)
- Momentum Stock: Steve Madden Ltd.
- Growth & Income Stock: Starbucks Corp
- Aggressive Growth Stock: Air Methods Corp
- Double Jeopardy And More For The Rand
- SA Interest Rate Outlook Remains Favourable
- Crude Oil Stalls As Bearish News Flow Spurs Profit Taking, Gold Follows Through To The Downside As Dollar Rises
- Forex – EUR/USD Up During The Asian Session
- Breakouts In IEF And TBT Bond Funds: Levels To Watch Next
- Forex – GBP/USD Down During The Asian Session
- Forex – GBP/USD Down During The Asian Session
- Forex – USD/JPY Up During The Asian Session
- Forex – USD/JPY Up During The Asian Session
- Forex – EUR/JPY Up During The Asian Session
- So, What’s The Best Way To Play The Stock Market These Days?
- Stanley Ho’s Gaming Company SJM Holdings: A Good Value Buy Now?
- Forex – EUR/USD Up During The Asian Session
- China And Oil Usage
| Euro Debt Crisis Ready To Spread To Ireland Posted: 16 Nov 2010 03:50 AM PST Ireland’s reeling banking system, and the government’s reluctance to accept outside help, is threatening to reignite the European debt crisis that nearly led to the demise of the European Union (EU) and its currency last spring. EU officials are trying to persuade Irish officials to shore up the country’s devastated banking sector with a possible $100 billion (73.5 billion euros) aid package as Irish policymakers continue to insist that the financially troubled nation doesn’t require a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Caterpillar Expands Into Mining Sector With Bucyrus Acquisition Posted: 16 Nov 2010 03:35 AM PST Caterpillar Inc. (NYSE:CAT), the world’s leading manufacturer of construction equipment, yesterday (Monday) said it would pay $8.6 billion for Bucyrus International Inc. (NASDAQ:BUCY) – a maker of large-scale surface and underground mining machinery. Caterpillar said in a statement the deal would allow the company to continue its expansion into mining and gain from the “robust long-term outlook for commodities.” The company is betting that emerging markets’ growth will “push demand” for coal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Fed Openly Printing Money Out Of Thin Air Whenever It Wants – How Did We Get To This Point? Posted: 16 Nov 2010 03:35 AM PST Ben Bernanke and the rest of the folks over at the Federal Reserve did not just wake up one day and decide that they wanted to start printing hundreds of billions of dollars out of thin air. The truth is that the economic forces that have brought us to this point have taken decades to develop. In the post-World War 2 era, when the U.S. economy has fallen into a recession, either the Federal Reserve would lower interest rates or the U.S. government would indulge in even more deficit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Nov 2010 03:21 AM PST BHP Billiton (NYSE:BHP) – Co. may boost the amount of its share-buyback plan and target smaller acquisitions. (WSJ) UK AstraZeneca (NYSE:AZN) – Co. is looking to sell its Swedish unit, Astra Tech, for approximately USD 2bln, according to sources. (Sources) Xstrata – Co. will resume mining at its idled Sinclair nickel mine in Australia shortly. (RTRS)] Vedanta – Co. will put the USD 1.1bln proceeds from the listing of Co's Konkola Resources unit towards capital expenditure. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Support Levels For Gold & Silver As They Pullback After Fantastic Gains Posted: 16 Nov 2010 03:20 AM PST Gold and Silver are likely in a corrective state after fantastic gains in the late summer and early fall. Where might we expect some support? Take a look at the chart below which shows Gold at the top and Silver at the bottom. Gold has lateral support at $1325. Trendline support will hit $1300 at the end of this month and the 100-day moving average will be slightly below that. Over the next few days and weeks, we'll focus on $1300 to $1325. Meanwhile, Silver has lateral support … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Nov 2010 02:07 AM PST EZ Core CPI y/y came in at 1.1%, stronger than the 1.0% expected.
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| German ZEW Economic Sentiment Rises More-than-expected Posted: 16 Nov 2010 02:06 AM PST German ZEW economic sentiment rises more-than-expected Forex Pros – German economic sentiment rose more-than-expected in November, turning positive for the first time in three months, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose to 1.8 in November, after falling to -7.2 in October. Analysts had expected the index to advance to -6.0 in November. On the index, a level above 0.0 indicates optimism; a level … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Mixed Vs. Rivals After Dovish Fed Comments Posted: 16 Nov 2010 02:06 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, after New York Fed President William Dudley said the need to exit from current U.S. monetary policies could be “years away”. During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.13%% to hit 1.3604. Earlier in the day, data showed that the ZEW index of German consumer sentiment unexpectedly jumped in November. Meanwhile, a separate report showed that consumer price … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Nov 2010 02:05 AM PST EZ ZEW Economic Sentiment came in at 13.8, stronger than the 2.0 expected.
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| U.K. Consumer Price Inflation Rises Unexpectedly Posted: 16 Nov 2010 01:38 AM PST Forex Pros – Consumer price inflation in the U.K. rose unexpectedly in October, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation was a seasonally adjusted 3.2% in October, up from 3.1% in September. Analysts had expected consumer price inflation to remain unchanged at 3.1% in October. The report said that an increase in fuel prices, which rose by 1.8%, and a rise in alcoholic beverages and tobacco prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Touches Daily Low On Dovish Fed Outlook Posted: 16 Nov 2010 01:37 AM PST Forex Pros – The U.S. dollar snapped 7-days of gains against the Swiss franc on Tuesday, slipping down to touch a daily low after officials from the Federal Reserve sounded a dovish note and defended the banks easing policy. USD/CHF hit 0.9830 during European morning trade, the daily low; the pair subsequently consolidated at 0.9834, shedding 0.11%. The pair was likely to find support at 0.9722, last Friday's low and resistance at 0.9931, the high of November 2. Earlier in the day, in an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| S&P 500: Waiting For Mr Market To Show His Hand Posted: 16 Nov 2010 01:11 AM PST Last Friday was a miserably cold day in Interlaken where I was attending an investment conference. It was also a so-called 90% down-day for American stock markets (and many other bourses also recorded downward dynamics). A 90% down-day is defined as a day when downside volume equals 90% or more of the total upside plus downside volume and points lost equal 90% or more of the total points gained plus points lost. The historical record show that 90% down-days do not usually occur as a single … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Hits Daily High After Japan Approves Stimulus Posted: 16 Nov 2010 01:11 AM PST Forex Pros – The U.S. dollar was up against the yen on Tuesday, rising to a fresh daily high after Japan's parliament approved legislation to fund a stimulus package to support the economic recovery. USD/JPY hit 83.24 during early European trade, the daily high; the pair subsequently consolidated at 83.20, gaining 0.15%. The pair was likely to find support at 82.39, Monday's low and resistance at 83.80, the high of September 30. Earlier Tuesday, the Diet passed a 4.4 trillion yen … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Quantitative Easing Update: US Interest Rates Back On The Rise Posted: 16 Nov 2010 01:01 AM PST The Federal Reserve's moves are backfiring. The Fed's recent announcement that it's going to keep the free money spigot flowing for at least another six months was the last straw. China, which has become a big lender to the U.S. to suppress its currency to make its goods cheaper, has criticized the move. Germany, a large exporter who benefits greatly when the dollar rises against the Euro, has expressed concerns as well. Now the program where the Fed buys bonds to push up bond … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Jeremy Grantham: Have Cash, Wait For Stocks To Fall Posted: 16 Nov 2010 01:00 AM PST Jeremy Grantham, chief investment strategist of Grantham Mayo Van Otterloo (GMO), recently made a rare television appearance when interviewed by CNBC's Maria Bartiromo. In this extended interview (29 minutes), Grantham shares his views on markets, the economy and his investment strategy. This is must-view material. Click here for a full transcript of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Nov 2010 12:58 AM PST The video below puts a humorous spin on the otherwise difficult-to-digest process of quantitative easing. I guess as long as we can laugh, there is a modicum of hope … The transcript below comes courtesy of FDL Action:
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| Posted: 16 Nov 2010 12:56 AM PST In the clip below, Michael Pento interviews Gary Shilling, president of A. Gary Schilling & Co., on why deflation is in fact a grave threat to the American … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Laugh Out Loud: America Splendor Remains Adrift … Posted: 16 Nov 2010 12:50 AM PST |
| Forex – GBP/USD Hits 2-day Low Ahead Of U.K. Inflation Data Posted: 16 Nov 2010 12:18 AM PST Forex Pros – The pound was down against the U.S. dollar on Tuesday, falling to hit a 2-day low, ahead of the release of key U.K. data on inflation. GBP/USD hit 1.6046 during late Asian trade, the pair's lowest since November 12; the pair subsequently consolidated at 1.6030, shedding 0.14%. Earlier in the day, in an interview with The Wall Street Journal, Federal Reserve Vice Chairwoman Janet Yellen defended the Fed’s November 3 decision to purchase USD600 billion more of U.S. Treasury … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Decline As Commodities Slump; Nikkei Sheds 0.31% Posted: 15 Nov 2010 11:55 PM PST Forex Pros – Asian stocks were down on Tuesday, as a slumping commodity sector led markets lower, but losses were limited as Japanese exporters gained after the yen weakened against the U.S. dollar. During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.61%, South Korea’s Kospi Composite fell 0.77%, while Japan's Nikkei 225 Index shed 0.31%. Shares in the commodity sector led declines as crude oil and metal prices retreated. Japan's biggest oil exporter Inpex saw shares tumble … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Rebounds From 7-week Low After Dovish Fed Remarks Posted: 15 Nov 2010 11:42 PM PST Forex Pros – The euro erased losses against the U.S. dollar on Tuesday, rebounding from a 7-week low, following dovish remarks by two senior Federal Reserve officials. EUR/USD clawed up from 1.3561, the pair's lowest since September 30, to hit 1.3595 during late Asian trade, gaining 0.05%. The pair was likely to find support at 1.3435, the low of September 27 and resistance at 1.3749, Monday's high. Earlier in the day, New York Fed President William Dudley said the need to exit from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Play Black Friday And The Holiday Shopping Season With These Tech Stocks Posted: 15 Nov 2010 11:31 PM PST In just two weeks, we enter the holiday shopping season. Black Friday is coming, and this year is all about consumer technology. The war has already started between Wal-Mart (NYSE:WMT) and Target (NYSE:TGT), with massive “doorbuster” deals, like Wal-Mart’s 42-inch Emerson 1080p LCD HDTV for $398 and Target’s Sony wireless Blu-ray player for $99. These deals are typically kept under wraps until one week before Black Friday, but this year both companies experienced a “leak,” and their ad … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Santa To Send The Philippine Peso Back To P42.00 Vs. The US Dollar? Posted: 15 Nov 2010 11:17 PM PST Roughly a month ago, the Philippine Peso together with many other currencies were trading strongly against the US dollar. If you look at the dollar-to-peso chart (USD/PHP), the peso even reached a high of P41.991 versus the greenback last November 4. However, the P42.00 marker proved to be resilient, at least at that time, as the dollar rebounded off of it. At present, the Philippine Peso is trading back at around P43.70. Several technical factors, though, indicate that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bear Of The Day: Capella Education (CPLA) Posted: 15 Nov 2010 11:05 PM PST The regulations proposed by the Department of Education demonstrate potential risk that looms over the education sector currently. It might weigh upon students enrollment and Capella Education’s (NASDAQ:CPLA) profits.
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| Bull Of The Day: Micromet, Inc. (MITI) Posted: 15 Nov 2010 11:05 PM PST Micromet Inc.’s (NASDAQ:MITI) third quarter 2010 loss (excluding special items) of $0.12 per share was narrower than the year-ago loss of $0.22 per share and the Zacks Consensus Estimate of a loss of $0.19 per share. The reduced loss was attributable to an increase in revenues and a fall in operating expenses.
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| Momentum Stock: Steve Madden Ltd. Posted: 15 Nov 2010 11:05 PM PST Steve Madden Ltd. (NASDAQ:SHOO) recently hit a new all-time high at $44.85 before reporting solid Q3 results that included a 5% earnings surprise. With an average earnings surprise of 14% over the last four quarters and a bullish growth projection, SHOO is kicking up the momentum meter a notch or two.
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| Growth & Income Stock: Starbucks Corp Posted: 15 Nov 2010 11:05 PM PST Coffee prices have been soaring lately, but that hasn’t stopped Starbucks Corp (NASDAQ:SBUX) from delivering another excellent quarter. The company recently reported solid fourth quarter results for fiscal year 2010 driven by strong top-line growth both domestically and abroad.
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| Aggressive Growth Stock: Air Methods Corp Posted: 15 Nov 2010 11:05 PM PST Air Methods Corp (NASDAQ:AIRM) is coming off of back-to-back earnings surprises, thanks to solid increases in revenue.
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| Double Jeopardy And More For The Rand Posted: 15 Nov 2010 11:01 PM PST By Cees Bruggemans, Chief Economist of FNB.
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| SA Interest Rate Outlook Remains Favourable Posted: 15 Nov 2010 11:00 PM PST By Cees Bruggemans, Chief Economist of FNB.
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| Posted: 15 Nov 2010 10:51 PM PST Commodities – Energy
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| Forex – EUR/USD Up During The Asian Session Posted: 15 Nov 2010 10:15 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3613, up 0.19% at time of writing. The pair was likely to find support at 1.3561, today's low, and resistance at 1.3820, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8479 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Breakouts In IEF And TBT Bond Funds: Levels To Watch Next Posted: 15 Nov 2010 09:55 PM PST Monday marked an important initial breakdown in the daily chart of key bond funds iShares Barclays 20+ Year Treasury Bond (TLT) and iShares Barclays 7-10 Year Treasury (IEF). Let's take a specific look at the 7-10 year IEF Treasury Fund, and the corresponding breakout in the leveraged inverse TBT 20+ year Treasury ETF (TBT). The IEF is the lesser-known cousin to leading bond fund TLT (20+ Year). The IEF experienced a stellar rise – as far as bond funds go – from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down During The Asian Session Posted: 15 Nov 2010 09:46 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6052, down 0.01% at time of writing. The pair was likely to find support at 1.5986, Friday's low, and resistance at 1.6184, Friday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8474 and GBP/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down During The Asian Session Posted: 15 Nov 2010 09:46 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6052, down 0.01% at time of writing. The pair was likely to find support at 1.5986, Friday's low, and resistance at 1.6184, Friday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8474 and GBP/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up During The Asian Session Posted: 15 Nov 2010 09:46 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 83.12, up 0.04% at time of writing. The pair was likely to find support at 81.66, Friday's low, and resistance at 83.26, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.11% to hit 1.3602 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up During The Asian Session Posted: 15 Nov 2010 09:46 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 83.12, up 0.04% at time of writing. The pair was likely to find support at 81.66, Friday's low, and resistance at 83.26, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.11% to hit 1.3602 and GBP/USD falling 0.01% to hit … [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: 15 Nov 2010 09:46 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Tuesday. EUR/JPY was trading at 113.06, up 0.16% at time of writing. The pair was likely to find support at 111.06, Friday's low, and resistance at 113.64, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.11% to hit 1.3602 and EUR/GBP rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| So, What’s The Best Way To Play The Stock Market These Days? Posted: 15 Nov 2010 09:39 PM PST There are no two ways about it, Monday was not a good day for the bulls. For most of the day, it seemed like the market had recovered decently from the losses on Friday but the market gave it all back in the last one hour and the S&P finished negative. It certainly looks like MA(20) on the S&P will finally give way Tuesday – for the first time since 2nd September. The level currently stands at 1195.84. The dollar meanwhile closed a few cents above MA(50), the first time this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stanley Ho’s Gaming Company SJM Holdings: A Good Value Buy Now? Posted: 15 Nov 2010 09:34 PM PST SJM Holdings Ltd, the gaming company belonging to Stanley Ho, is the counter we're looking at now. The number 1 casino company in Macau by market share has came down quite a fair bit over the last 5 days from $12+ to $10.70. Chinese prime minister Wen Jiabao's recent visit to Macau was a little worrying as some Chinese reports was speculating his intention to cut back on the gaming scene. The Chinese premier only did urge the Macau Government to put in more efforts towards … [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: 15 Nov 2010 06:00 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3592, up 0.03% at time of writing. The pair was likely to find support at 1.3561, today's low, and resistance at 1.3820, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8466 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 15 Nov 2010 12:20 AM PST Back on August 23, 2010, the Center for Geoeconomic Studies showed this chart of crude oil usage intensity of China and other countries in a blog posting: Their comment was that China is rapidly approaching the $15,000 GDP per capita level when oil consumption intensity starts to rise. Given the vastness of Chinese population, this would mean that global oil demand would take off like a rocket [emphasis added]: “Were China's per capita oil consumption to be brought up to South Korea's, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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