DailyMarkets.com - Fed To Celebrate 100-Year Anniversary: Should They Really Be Celebrating Their Accomplishments At A Time When The U.S. Economy Is Literally Falling To Pieces? |
- Fed To Celebrate 100-Year Anniversary: Should They Really Be Celebrating Their Accomplishments At A Time When The U.S. Economy Is Literally Falling To Pieces?
- Asia Overtakes Wall Street As New King Of Global IPO Market: How You Can Play This Trend
- FOMC Watch: If The Fed Is Willing To Go To $2 Trillion, That’s Bullish For Stocks
- Possible Scenarios For Fed Intervention Day
- Forex – Dollar Broadly Lower Ahead Of Critical Fed Decision
- Forex – GBP/USD Soars To 10-month High After Strong U.K. Data
- U.K. Services PMI Rises Unexpectedly In October
- Forex – USD/CHF Edges Higher As Fed Takes Centerstage
- Forex – USD/JPY Lower Ahead Of Critical FOMC Announcement
- Swiss Retail Sales Rise More-than-expected
- Asia Stocks Advance Ahead Of FOMC; Nikkei Closed For Holiday
- Forex – GBP/USD Erases Early Losses As Fed FOMC Looms
- Australia Building Approvals Plunge Unexpectedly
- Forex – EUR/USD Edges Lower After U.S. Mid-terms, Pre-Fed
- Crude Oil Touches Multi-Month Highs Ahead Of QE2, Gold Rises But Lags As The Dollar Drops Sharply
- Aggressive Growth Stock: Flextronics
- Bull Of The Day: BJ's Restaurants (BJRI)
- Momentum Stock: Penn National Gaming, Inc.
- Bear Of The Day: Skechers U.S.A. (SKX)
- Growth & Income Stock: Sigma-Alrdich Corp
- Forex – EUR/USD Down During The Asian Session
- DemandTec: Sixth Time Lucky??
- Forex – GBP/USD Down During The Asian Session
- Politicians Cannot Stop The Gold Bull Market
- Book Review & Interview With Jonathan Spall Of How To Profit In Gold
- GM’s $10.6 Billion IPO – An Attractive Opportunity For Investors?
- Forex – AUD/USD Down During The Asian Session
- Singapore Stock Market Update For Wednesday 03 November
- Forex – USD/JPY Up During The Asian Session
- Three ETFs Influenced By Global Manufacturing Growth
- South Korea Looking To Be The Next Clean Energy Leader
- Forex – GBP/JPY Down During The Asian Session
- Elections And Blood Tests
- Forex – NZD/USD Down During The Asian Session
- Stock Picks For Wednesday: Nvidia, Plug Power, American Oriental Bioengineering, NutriSystem
- Things Are Heating Up
- Gold Is Primed And Oil Makes A Relief Breakout Ahead Of FOMC Decision
| Posted: 03 Nov 2010 03:30 AM PDT The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve. The title of this conference is “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve”, and it will be held on November 5th and 6th in the exact same building where the original 1910 meeting occurred. In November 1910, the original … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Overtakes Wall Street As New King Of Global IPO Market: How You Can Play This Trend Posted: 03 Nov 2010 03:16 AM PDT The United States – and Wall Street – is surrendering its mantle as the global center for intial public stock offerings (IPOs). In fact, unprecedented demand for IPOs in Asia has reduced the U.S. share of the global IPO market to an all-time low. With another $10 billion in IPO deals expected to be completed by the end of this year, the total amount raised worldwide for all of 2010 will approach $145 billion. With $76 billion raised – including $22.1 billion from Agricultural … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FOMC Watch: If The Fed Is Willing To Go To $2 Trillion, That’s Bullish For Stocks Posted: 03 Nov 2010 03:10 AM PDT The U.S. Federal Reserve today (Wednesday) is all but certain to announce a second round of quantitative easing – “QE2.” Most analysts believe the Fed will pledge to buy another $500 billion in U.S. Treasuries, but I think it will go even further. My expectation is that $500 billion in Treasury purchases over six months will be just a first step, and that the full amount contemplated – as much as $2 trillion – is much larger than consensus. This view is based on an analysis by … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Possible Scenarios For Fed Intervention Day Posted: 03 Nov 2010 03:06 AM PDT In last week’s BullBear Weekend Report I called for some profit taking and indicated that the market was likely set up for a pullback. This week the market continued to trade in a sideways pattern while the technical conditions suggestive of a correction deepened. As we go into the mid-term election and the November FOMC meeting, my long term stance continues to be bullish but my short and intermediate term stance is neutral. This week I upped my profit taking signal to 1/2 from 1/3. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Lower Ahead Of Critical Fed Decision Posted: 03 Nov 2010 03:05 AM PDT Forex Pros – The U.S. dollar was broadly lower against the other major currencies on Wednesday, after the Republican Party made strong inroads in U.S. mid-term elections and ahead of a critical Federal Reserve announcement. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.08% to hit 1.4045. The greenback was also down against the pound, with GBP/USD climbing 0.53% to hit 1.6125 after data showed that the CIPS/Markit U.K. services purchasing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Soars To 10-month High After Strong U.K. Data Posted: 03 Nov 2010 02:51 AM PDT Forex Pros – The pound extended early gains against the U.S. dollar on Wednesday, surging to an 10-month high after the release of better-than-expected U.K. service PMI data. GBP/USD hit 1.6125 during European morning trade, the pair's highest since January 29; the pair subsequently consolidated at 1.6117, gaining 0.49%. The pair was likely to find support at 1.5960, Tuesday's low and resistance at 1.6275, the high of January 28. Earlier in the day, data showed that the CIPS/Markit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Services PMI Rises Unexpectedly In October Posted: 03 Nov 2010 02:39 AM PDT Forex Pros – The service sector in the U.K. grew unexpectedly in October, data showed on Wednesday. In a report, the market research group, Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose to 53.2 in October, up from 52.8 in September. Analysts had expected the index to fall to 52.6 in October. On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction. Commenting on the report, Paul Smith, senior economist … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Edges Higher As Fed Takes Centerstage Posted: 03 Nov 2010 02:18 AM PDT Forex Pros – The U.S. dollar edged up against the Swiss franc on Wednesday, rising to a daily high, ahead of a critical announcement by the U.S. Federal Reserve. USD/CHF hit 0.9818 during European morning trade, a daily high; the pair subsequently consolidated at 0.9701, gaining 0.06%. The pair was likely to find support at 0.9701, the low of October 26 and resistance at 0.9931, Tuesday's high. Earlier in the day, official data showed that Swiss retail sales rose significantly … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Lower Ahead Of Critical FOMC Announcement Posted: 03 Nov 2010 01:46 AM PDT Forex Pros – The U.S. dollar eased down against the yen on Wednesday, to touch a daily low, amid uncertainty over the scope and pace of expected monetary easing by the Federal Reserve. USD/JPY hit 80.59 during early European trade, a daily low; the pair subsequently consolidated at 80.63, shedding 0.02%. The pair was likely to find support at 80.23, Monday's low and a 15-year low and resistance at 81.06, last Friday's high. Earlier in the day, partial results and exit polls from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Swiss Retail Sales Rise More-than-expected Posted: 03 Nov 2010 01:23 AM PDT Forex Pros – Retail sales in Switzerland rose significantly more-than-expected in September, official data showed on Wednesday. In a report, Switzerland's Federal Statistical Office said that retail sales rose by 3.8% year-on-year in September, after rising by 0.1% in August, whose figure was revised down from 0.5%. Analysts had expected year-on-year retail sales to increase by 1.4% in September. Following the release of the data, the Swiss franc was up against the U.S. dollar, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Advance Ahead Of FOMC; Nikkei Closed For Holiday Posted: 03 Nov 2010 01:02 AM PDT Forex Pros – Asian stock markets advanced on Wednesday, amid low trade volume, as markets focused on a critical Federal Reserve decision later today, while markets in Japan were closed due to a national holiday. During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.88%, South Korea’s Kospi Composite gained 0.93%, while Japan's Nikkei 225 Index was closed in observance of Culture Day. The Hang Seng's gains came as shares in the energy sector led markets higher after crude oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Erases Early Losses As Fed FOMC Looms Posted: 03 Nov 2010 12:59 AM PDT Forex Pros – The pound erased early losses against the U.S. dollar on Wednesday, rising to hit a daily high as uncertainty ahead of a critical announcement by the Federal Reserve weighed on the dollar. GBP/USD clawed up from 1.6005, the daily low to hit 1.6049 during late Asian trade, gaining 0.05%. Cable was likely to find support at 1.5960, Tuesday's low and resistance at 1.6106, the high of October 15. The dollars earlier gains came after partial results and exit polls from the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australia Building Approvals Plunge Unexpectedly Posted: 03 Nov 2010 12:45 AM PDT Forex Pros – The number of new building approvals issued in Australia plunged unexpectedly in September, falling for the sixth consecutive month, official data showed on Wednesday. In a report, the Australian Bureau of Statistics said new building approvals issued fell by a seasonally adjusted 6.6% in September, compared to a decline of 4.8% in August, whose figure was revised from 4.7%. Analysts had expected new building approvals issued to be flat at 0.0% in September. The data showed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Edges Lower After U.S. Mid-terms, Pre-Fed Posted: 03 Nov 2010 12:37 AM PDT Forex Pros – The euro eased down against the U.S. dollar on Wednesday, falling to a daily low after the Republican Party made strong inroads in U.S. mid-term elections and ahead of a critical Federal Reserve announcement. EUR/USD hit 1.3992 during late Asian trade, a daily low; the pair subsequently consolidated at 1.4019, shedding 0.10%. The pair was likely to find support at 1.3881, Tuesday's low and resistance at 1.4157, the high of October 15. Earlier in the day, partial results and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Touches Multi-Month Highs Ahead Of QE2, Gold Rises But Lags As The Dollar Drops Sharply Posted: 02 Nov 2010 11:51 PM PDT Commodities – Energy
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| Aggressive Growth Stock: Flextronics Posted: 02 Nov 2010 11:06 PM PDT Flextronics (NASDAQ:FLEX) just might have it all. Following the sixth consecutive earnings surprise, management raised its outlook above the consensus estimates at the time.
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| Bull Of The Day: BJ's Restaurants (BJRI) Posted: 02 Nov 2010 11:06 PM PDT BJ’s Restaurants (NASDAQ:BJRI) remains well positioned to sustain its growth momentum while generating improved earnings on the heels of efficient operations and innovative offerings. These also help the company to drive traffic and post positive same-store sales growth.
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| Momentum Stock: Penn National Gaming, Inc. Posted: 02 Nov 2010 11:06 PM PDT Penn National Gaming, Inc. (NASDAQ:PENN) just hit a new 52-week high on the heels of a solid 12%, Q3 earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock offers a hearty helping of momentum.
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| Bear Of The Day: Skechers U.S.A. (SKX) Posted: 02 Nov 2010 11:05 PM PDT Skechers’ (NYSE:SKX) third-quarter 2010 results missed the Zacks expectations for top and bottom lines, reflecting sluggish sales trends and order cancellations. Consequently, total inventories increased 70.3% to $326.7 million over the prior-year quarter.
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| Growth & Income Stock: Sigma-Alrdich Corp Posted: 02 Nov 2010 11:05 PM PDT Sigma-Aldrich (NASDAQ:SIAL) recently reported another strong quarter driven by solid organic sales growth and gross margin expansion. It was the company’s fifth consecutive positive earnings surprise.
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| Forex – EUR/USD Down During The Asian Session Posted: 02 Nov 2010 10:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.4011, down 0.16% at time of writing. The pair was likely to find support at 1.3807, Friday's low, and resistance at 1.4058, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8736 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Nov 2010 10:30 PM PDT Same old story – DemandTec (NASDAQ:DMAN) having a crack at 10.90-10.95 resistance level again. For the sixth time in fact. I admit this has fooled me before but I am back in it with a small position and will add on a break of 11(hopefully!). This time there is a difference…..there is volume accompanying today’s move. Finally?? We shall see. Have a look at the weekly! A thing of beauty! Already at over half last week’s volume in just two trading days this … [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: 02 Nov 2010 10:25 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.6038, down 0.01% at time of writing. The pair was likely to find support at 1.5878, Friday's low, and resistance at 1.6089, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8737 and GBP/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Politicians Cannot Stop The Gold Bull Market Posted: 02 Nov 2010 10:24 PM PDT I can guess the bear argument before they begin to make it. The republicans win congress and there will be a new mandate. Spending will be cut. Money printing may cease. We may have austerity in the US. The US Dollar will rally. This will crush the bull market in precious metals. First of all, some must have amnesia. They must be forgetting that the largest expansion in government spending and debt came about during republican administrations. (Would Bush have done any different than … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Book Review & Interview With Jonathan Spall Of How To Profit In Gold Posted: 02 Nov 2010 10:00 PM PDT How To Profit In Gold Do you know that a single ounce of gold can be drawn into 50 miles of thin gold wire? Do you know what the London gold fixing is? Do you know that gold has its own interest rate market, where a lender places gold with a bank in return for payment of interest? Do you know the difference between 'allocated' and unallocated' gold? We could go on and on with these types of questions but we won't. Truth is, if you'd asked us the same questions … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GM’s $10.6 Billion IPO – An Attractive Opportunity For Investors? Posted: 02 Nov 2010 09:57 PM PDT General Motors in an initial public offering (IPO) this month will price its shares at a level that could regenerate investor interest, and even throw off generous returns over time. At least that’s the hope of the U.S. government, which is likely to see its taxpayer-owned stake fall to less than the symbolically important 50% level when it sells approximately $7 billion of its shares in the IPO. GM, 61% owned by the U.S. Treasury Department, will offer 365 million shares at $26 to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down During The Asian Session Posted: 02 Nov 2010 09:45 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9971, down 0.24% at time of writing. The pair was likely to find support at 0.9680, Friday's low, and resistance at 1.0023, Tuesday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.08% to hit 1.4053 and AUD/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Wednesday 03 November Posted: 02 Nov 2010 08:57 PM PDT Morning Highlights Singapore stocks edged higher, with STI up 9 points to open at 3214.28. Hong Kong Oct PMI U.S Oct ADP Employment Change Corporate Announcements: Straits Asia reported a 40% decrease year-on-year on its 3Q10 net profit to US$ 23 million. Tiger Airways reported 2Q11 net profit of $ 14mn compared to a loss of $2.3 million same period last year. Noble announced that Tobias Brown, Executive Chairman, will cease his executive … [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: 02 Nov 2010 08:30 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 80.66, up 0.04% at time of writing. The pair was likely to find support at 80.25, Monday's low, and resistance at 81.14, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.4018 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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| Three ETFs Influenced By Global Manufacturing Growth Posted: 02 Nov 2010 08:17 PM PDT Economies around the world continue to grow, illustrated by increases in manufacturing activity around the world giving positive support to the iShares S&P Global Industrials (EXI), the SPDR S&P International Materials Sector (IRV) and the SPDR S&P International Industrial Sector (IPN).
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| South Korea Looking To Be The Next Clean Energy Leader Posted: 02 Nov 2010 08:00 PM PDT 11/02/10 South Korea’s government announced that it will invest $8.2 billion to build offshore wind farms as it looks to be the global leader in clean energy … [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: 02 Nov 2010 07:15 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Wednesday. GBP/JPY was trading at 129.30, down 0.02% at time of writing. The pair was likely to find support at 127.99, Friday's low, and resistance at 130.36, Monday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.04% to hit 1.6034 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Nov 2010 07:12 PM PDT Earlier today, I made the case for low voter turnout and argued high voter turnout is overrated, wasteful and inefficient because we would almost always get the same exact election results with a significantly lower voter turnout. I compared elections to a blood test – in both cases you only need a small sample, and the results won't change with a larger sample. Here’s a good quote I found today to help illustrate the point: "Next time someone tells you they don't believe a small … [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: 02 Nov 2010 06:10 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7708, down 0.07% at time of writing. The pair was likely to find support at 0.7522, Friday's low, and resistance at 0.7742, Tuesday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.08% to hit 1.2945 and EUR/NZD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Picks For Wednesday: Nvidia, Plug Power, American Oriental Bioengineering, NutriSystem Posted: 02 Nov 2010 06:05 PM PDT ( click to enlarge )
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| Posted: 02 Nov 2010 05:18 PM PDT Since the stock market is a leading indicator and share prices keep rising, the bulls say, it won’t be long before things start picking up. But they must not be paying attention, because things are heating up in some areas. A number of establishments are seeing surges in foot traffic, long lines outside their doors, growing shortages, and a seemingly insatiable appetite for products that we all enjoy. Unfortunately, as the Los Angeles Daily News reports in “Pantries See Demand Rise,” this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Gold Is Primed And Oil Makes A Relief Breakout Ahead Of FOMC Decision Posted: 02 Nov 2010 05:16 PM PDT North American Commodity Update
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