Thursday, November 25, 2010

DailyMarkets.com - European Markets Close Higher; Dax Up 2.60%

DailyMarkets.com - European Markets Close Higher; Dax Up 2.60%

European Markets Close Higher; Dax Up 2.60%

Posted: 25 Nov 2010 09:55 AM PST

Forex Pros – European stocks were up after the closing bell on Thursday.

At the close of European trade, Germany's DAX rose 2.60%, London's FTSE 100 gained 0.82%, France's CAC 40 climbed 0.97% and the EURO STOXX 50 was up 0.25%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.37%; the S&P 500 index gained 1.49%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY Tests 100 Day MA On Corrective Move Higher Today

Posted: 25 Nov 2010 09:44 AM PST

Forex – EUR/USD Up At The End Of European Session

Posted: 25 Nov 2010 09:00 AM PST

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

EUR/USD was trading at 1.3374, up 0.29% at time of writing.

The pair was likely to find support at 1.3285, Wednesday's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.30% to hit 0.8480 and EUR/JPY rising 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Whitney Tilson On Stanley Fischer

Posted: 25 Nov 2010 08:36 AM PST

Whitney Tilson

I recently posted an article about Whitney Tilson's trip to israel. Here is another interesting story that Tilson describes below:
(Happy Thanksgiving)
I forgot to tell this story from my Israel trip: on Monday morning (11/15) Stanley Fischer, the Governor of the Bank of Israel (the equivalent of Ben Bernanke), spoke to us.  He was INCREDIBLY impressive – it was clear to everyone in the room that he was a major reason why Israel's banks were boring and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AlphaPro Launches Actively-Managed Preferred Share ETF In Canada

Posted: 25 Nov 2010 08:27 AM PST

Horizons AlphaPro, the only provider of actively-managed ETFs in Canada, has come out with another product on the Toronto Stock Exchange, the Horizons AlphaPro Preferred Share ETF (HPR), widening its line-up of Active ETFs further. HPR was launched on November 23rd.
HPR's investment objective is to provide dividend income by investing primarily in preferred shares of Canadian companies. However, the fund may also invest in preferred shares of US companies, fixed-income securities and common … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Tests 100 And 200 Hour MA Again

Posted: 25 Nov 2010 08:20 AM PST

Forex Trading: GBPUSD Moves Toward Target Resistance At 1.5793

Posted: 25 Nov 2010 07:54 AM PST

Forex – Dollar Mixed Vs. Rivals Amid Quiet Holiday Trade

Posted: 25 Nov 2010 07:48 AM PST

Forex Pros – The U.S. dollar was mixed against its major currency counterparts on Thursday, amid subdued trade as markets in the U.S. remained closed for holidays.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.24% to hit 1.3367.

Earlier in the day, Klaus Regling, the head of the European Financial Stability Facility said there was "zero danger" of the euro zone breaking apart after Spanish and Portuguese borrowing costs soared to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Struggles At 1-month Low In Quiet Trade

Posted: 25 Nov 2010 07:35 AM PST

Forex Pros – The pound was down against the U.S. dollar on Thursday, struggling at a 1-month low in quiet holiday trade as markets in the U.S. remained closed for Thanksgiving.

GBP/USD hit 1.5726 during European afternoon trade, the pair's lowest since October 27; the pair subsequently consolidated at 1.5766, shedding 0.04%.

Cable was likely to find support at 1.5690, the low of October 26 and short-term resistance at 1.5836, Wednesday's high.

Earlier Thursday, Bank of England Governor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Consolidates In Thin Trade As Debt Worries Persist

Posted: 25 Nov 2010 07:19 AM PST

Forex Pros – The euro erased losses against the U.S. dollar on Thursday, edging up to a daily high in quiet holiday trade as worries over sovereign debt contagion among peripheral euro zone nations persisted.

EUR/USD clawed up from 1.3287, the daily low, to hit 1.3350 during European afternoon trade, gaining 0.12%.

The pair was likely to find short-term support at 1.3283, Wednesday's low and a 2-month low and resistance at 1.3420, Wednesday's high.

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

S&P 500: Caveat Emptor!

Posted: 25 Nov 2010 05:52 AM PST

The S&P 500 Index is entering expensive territory with the cyclically adjusted price-earnings ratio at 22.64 approaching the average of 25.0 from the post ICT crisis to the advent of the Lehman debacle. The current level is also at the upper end of the range that existed from 1881 to the start of the ICT bubble in the latter part of the 1990s.

On the normal basis, with the PE calculated trailing 12-month earnings, the market is inexpensive at 17.86 times earnings compared to the past 20 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ireland Bailout: How Might It Work?

Posted: 25 Nov 2010 05:48 AM PST

Ireland's bailout is top of the news log. Where's the money coming from – and which countries in the world have the most claims by foreign banks? The Guardian provides the fascinating graphic below. Click here for the interactive and here for the data.
Click the image for a larger … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chanos: China’s Treadmill To Hell

Posted: 25 Nov 2010 05:43 AM PST

Jim Chanos, the legendary short-selling hedge fund manager of Kynikos Associates, continues to cast doubt on the Chinese economy and its reliance on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Bulls And Bears Debate Outlook

Posted: 25 Nov 2010 05:39 AM PST

Is gold headed for another streak of records? Gold bears and bulls square off at San Francisco's Hard Assets Investment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: America – Greenbacks In Abundance

Posted: 25 Nov 2010 05:32 AM PST

South Africa At Historic Crossroads

Posted: 25 Nov 2010 05:25 AM PST

By Cees Bruggemans, Chief Economist of FNB.
For the past forty years, South Africa has tried, at times desperately, to maintain the higher growth performance that the 1950s and 1960s post-WW2 world seemed to promise, even ordain.
Yet the country was already for generations irrevocably committed to a confrontation that would take it through military, financial, economic and social purgatory from which it would only slowly start to re-emerge post-1994.
Meanwhile, the post-WW2 golden period of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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