Thursday, November 25, 2010

DailyMarkets.com - Next Target Level For Gold – $1,600

DailyMarkets.com - Next Target Level For Gold – $1,600

Next Target Level For Gold – $1,600

Posted: 25 Nov 2010 07:35 AM PST

A recently published paper that studied the stimulus efforts in 44 countries showed some interesting findings. Ethan Ilzetzki of the London School of Economics and Enrique G. Mendoza and Carlos A. Vegh of the University of Maryland argued in their National Bureau of Economic Research paper that fiscal stimulus can be quite effective in low-debt countries with fixed exchange rates and closed economies.

But stimulus measures are generally not as effective in countries like the U.S. with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rising US Dollar & Gold – Do You Get It?

Posted: 25 Nov 2010 07:30 AM PST

The past week and a half has been as choppy as it gets for the stocks market. Thankfully the herd mentality (fear & greed) stays the same. Understanding what others think and feel when involved in the market is one of the keys to making money consistently from the market. The crazy looking chart below I will admit is a little tough on the eyes, and I should have used red and green for holiday colors but green just was not going to work today so bear with me.

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

Ford vs. GM: Which Will Do Better?

Posted: 25 Nov 2010 06:58 AM PST

Even as Ford’s (NYSE:F) impressive quarter underlined the company's strong fundamentals, its was also offering a case that the automobile sector could very well be back on track as far as domestic sales in the United States was concerned. Now after an impressive IPO by GM (NYSE:GM), boosting incredible interest in the automobile sector, Ford has put its plans of moving towards an investment-grade credit rating by cutting out its debt and borrowing costs in top gear.

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

Forex – USD/CAD Trims Losses, Retreating From 7-day Low

Posted: 25 Nov 2010 06:56 AM PST

Forex Pros – The U.S. dollar trimmed losses against its Canadian counterpart on Thursday, retreating from a 7-day low in quiet trade.

USD/CAD clawed up from 1.0082, the pair's lowest since November 16 to hit 1.0104 during European afternoon trade, shedding 0.06%.

The pair was likely to find support at 1.0069, the low of November 16 and resistance at 1.0244, Wednesday's high.

On Wednesday, media outlets reported that Russia added the Canadian dollar to the basket of currencies that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Update On Japan’s Economy: Less Than Promising Outlook

Posted: 25 Nov 2010 06:50 AM PST

Japan just released its trade data for October, with the monthly stats showing a tapering off in annual growth, and negative growth vs September, with exports down -2% from September (up 8% vs 2009) and imports down -3% from September (up 9% vs 2009). The growth in trade disappointed against expectations and is starting to make the trend look a little less than promising for the troubled Japanese economy.

For an economy faced with the dirty D’s of deflation, deficits, and debt… not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Stock Market Rallied Ahead Of Thanksgiving

Posted: 25 Nov 2010 06:44 AM PST

The US equities and bonds markets bounced back yesterday following the release of several encouraging economic reports. The rally in the markets occurred a day after a sell-off occurred due to the recent military conflict between North and South Korea. Traders initially found confidence when Germany's business climate, as measured in the German Ifo business climate index, unexpectedly improved with the index rising to to 109.3 from 107.7. The index was initially seen to weaken to 107.6. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Software Radio Technology Picks Up New Orders For AIS Systems

Posted: 25 Nov 2010 06:36 AM PST

Software Radio Technology (LON:SRT), the company that makes maritime communications systems and tracking equipment, picked up new orders from existing customers for its AIS Class A product worth a total of US$1.2m during the last week. The news comes just a few weeks after SRT said that a growing number of regulatory mandates in territories around the world for vessels to install AIS communications devices had helped push its revenues up by 94% to £4.42m in the first six months of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Edges Higher Amid Subdued Trade

Posted: 25 Nov 2010 06:33 AM PST

Forex Pros – The euro edged higher against the yen on Thursday, rising to a daily high as trade volumes were significantly thinner ahead of the U.S. Thanksgiving holiday.

EUR/JPY hit 111.62 during European afternoon trade, the daily high; the pair subsequently consolidated at 111.47, easing up 0.07%.

The pair was likely to find support at 110.73, Tuesday's low and resistance at 112.77, the high of November 17.

Earlier in the day, German Chancellor Angela Merkel said her country was ready … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Rotates Higher On The Back Of German’s Merkels Comments

Posted: 25 Nov 2010 06:24 AM PST

October International Air Traffic Was Above Pre-Crisis Levels: Recovery Is Strengthening

Posted: 25 Nov 2010 05:56 AM PST

The International Air Transport Association announced today that there was a 10.1% year-on-year increase in passenger traffic for the month of October and a 14.4% year-on-year increase last month for international freight volume (see chart above).  Passenger traffic has now increased in 14 out of the last 15 months, and five of those months have been double-digit improvements. Freight traffic has increased for 13 consecutive months, and the last 12 have been double-digit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Pilgrims And Property Rights

Posted: 25 Nov 2010 05:49 AM PST

Forex – NZD/USD Hits 3-week Low On China Tightening Concerns

Posted: 25 Nov 2010 05:44 AM PST

Forex Pros – New Zealand's dollar was down against its U.S. counterpart on Thursday, falling to a 3-week low after China's central bank said it was strengthening liquidity management as part of an ongoing effort to curb rapidly growing inflation.

NZD/USD hit 0.7560 during European afternoon trade, the pair's lowest since October 29; the pair subsequently consolidated at 0.7588, shedding 0.10%.

The pair was likely to find support at 0.7510, the low of October 29 and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Eases Off 2-month Low In Thin Trading

Posted: 25 Nov 2010 04:56 AM PST

Forex Pros – The euro was up against the pound on Thursday, easing off a 2-month low as trade volumes remained significantly thinner ahead of the U.S. Thanksgiving holiday.

EUR/GBP hit 0.8469 during European afternoon trade, the daily high; the pair subsequently consolidated at 0.8461, gaining 0.09%.

The pair was likely to find short-term support at 0.8427, Wednesday's low and a 2-month low and resistance at 0.8542, Tuesday's high.

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

Forex – Dollar Mixed Vs. Rivals As U.S. Holiday Thins Trade

Posted: 25 Nov 2010 04:31 AM PST

Forex Pros – The U.S. dollar was mixed against its major rivals on Thursday, amid thin trade volumes ahead of the U.S. Thanksgiving holiday.

During European early afternoon trade, the greenback was down slightly against the euro, with EUR/USD easing up 0.03% to hit 1.3338.

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

Regulatory Uncertainty Hampering Active ETF Product Development

Posted: 25 Nov 2010 04:00 AM PST

Interest in the Active ETF space from fund companies is not lacking. There are now in excess of 25 companies who have filings with the SEC to launch actively-managed ETFs in the US. And these are not just small shops looking to experiment in a new space, these are big financial players like BlackRock iShares, JP Morgan, State Street, John Hancock and T. Rowe Price who have shown their clear interest by applying for exemptive relief to launch Active ETFs. However, what is turning many of these … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Struggling At 2-month Low As Debt Fears Weigh

Posted: 25 Nov 2010 03:35 AM PST

Forex Pros – The euro was down against the U.S. dollar on Thursday, hovering close to a 2-month low as senior euro zone officials dismissed fears over the single currency breaking up after Spanish and Portuguese borrowing costs hit record highs.

EUR/USD hit 1.3287 during European morning trade, the daily low; the pair subsequently consolidated at 1.3324, shedding 0.07%.

The pair was likely to find support at 1.3247, the low of September 22 and resistance at 1.3420, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thanksgiving 2010: More Reasons To Be Thankful

Posted: 25 Nov 2010 03:34 AM PST

As I sit here in the early morning hours I pause and reflect on the past year. I have so much for which to be grateful.
While my wife may not want me to bring attention to her, I am not only exceptionally grateful but extremely fortunate to be married to the most beautiful girl in the world. Thank you my love!! I am also not reticent in stating that Sense on Cents would not be what it is without my beloved's wisdom and technical support.
To my four beautiful children, I am not typically … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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