DailyMarkets.com - Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks
DailyMarkets.com - Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks |
- Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks
- Forex – USD/CHF Hits Daily Low Despite Weak Swiss PPI Data
- Forex – USD/JPY Hits 7-day High Amid Global Recovery Expectations
- European Stocks Rise As China Holds Off On Rate Hike; DAX Up 0.24%
- Stocks: Anticipator Of Economic Health?
- Marc Faber: U.S. Deficit To Remain High As Far As The Eye Can See!
- Picture Du Jour: U.S. Tax Deal, In One Chart
- Gold – Supported By Seasonal Strength
- Be Mindful Of Santa Claus Rally And Other Year-end/new-year Indicators
- Stiglitz On The Key Eco Challenges For 2011
- U.K. PPI Input Rises More-than-expected In November
- Rare-earth Resources: The Race Is On
- The “Greater Good” Of TARP
- Laugh Out Loud: It’ll Add To The Deficit …
- Forex – Dollar Broadly Higher Vs. Rivals After Upbeat U.S. Data
- Forex – NZD/USD Erases Losses After China Hold On Rates
- Forex – AUD/USD Edges Higher Amid China Rate Hike Speculation
- Switzerland PPI Falls Unexpectedly In November
- Forex – GBP/USD Down After U.K. House Prices Fall In December
- Asia Stocks Gain As China Rate Concerns Ease; Nikkei Up 0.86%
- Forex – EUR/USD Opens Lower Amid Euro Zone Debt Concerns
- Momentum Stock: Autozone, Inc.
- Aggressive Growth Stock: Pier 1 Imports
- Growth & Income Stock: Enbridge Inc
- Bear Of The Day: Republic Services (RSG)
- Bull Of The Day: Sanofi-Aventis S.A.
- Forex – EUR/USD Down During The Asian Session
- Is The Chinese Bubble About To Burst Gold?
- Why Gold’s Gleam Won’t Fade Away Because Of The Current Decline
- Gold & The Overall Strength Of The Market
- Forex – GBP/USD Down During The Asian Session
- Momentum Stocks To Watch For Monday
- Time To Buy Patriot Coal
- Why Not Double Imports Or Just Total International Trade Over The Next Five Years To Create Jobs?
- Forex – USD/CHF Up During The Asian Session
- U.S. Trade Reaches Two-Year High In October
- Crude Oil Rebounds After China CPI, Gold May Continue To Decline On Yields
- Singapore Stock Market Update For Monday 13 December
- Forex – EUR/GBP Down During The Asian Session
- Forex – USD/JPY Up During The Asian Session
- Forex – USD/CAD Up During The Asian Session
- Forex – AUD/USD Down During The Asian Session
- Forex – EUR/USD Down During The Asian Session
- What’s It Going To Be?
| Posted: 13 Dec 2010 03:35 AM PST If you took an opinion poll and asked Americans what they considered the biggest threat to the world economy to be, how many of them do you think would give “derivatives” as an answer? But the truth is that derivatives were at the heart of the financial crisis of 2007 and 2008, and whenever the next financial crisis happens derivatives will undoubtedly play a huge role once again. So exactly what are “derivatives”? Well, derivatives are basically financial instruments whose value … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Hits Daily Low Despite Weak Swiss PPI Data Posted: 13 Dec 2010 02:28 AM PST Forex Pros – The U.S. dollar was down against the Swiss franc on Monday, falling to a daily low despite weaker-than-expected Swiss data on producer and export price inflation. USD/CHF hit 0.9807 during European morning trade, the daily low; the pair subsequently consolidated at 0.9809, shedding 0.03%. The pair was likely to find support at 0.9725, the low of December 6 and a 3-week low and resistance at 0.9883, the high of December 7. Earlier in the day, official data showed that producer … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Hits 7-day High Amid Global Recovery Expectations Posted: 13 Dec 2010 02:07 AM PST Forex Pros – The U.S. dollar was up against the yen on Monday, rising to a 7-day high after a string of better-than-expected U.S. economic data boosted the outlook for the global economic recovery and China refrained from raising interest rates. USD/JPY hit 84.35 during European morning trade, the pair's highest since December 2; the pair subsequently consolidated at 84.29, gaining 0.41%. The pair was likely to find support at 83.44, last Friday's low and resistance at 85.17, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Rise As China Holds Off On Rate Hike; DAX Up 0.24% Posted: 13 Dec 2010 02:03 AM PST Forex Pros – European stocks advanced on Monday, amid signs the U.S. economic recovery was strengthening and after China held off from raising interest rates, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 gained 0.39%; France's CAC 40 climbed 0.55%; while Germany’s DAX added 0.24%. On Friday, official data showed that the U.S. trade deficit narrowed more-than-expected in October, while consumer sentiment rose to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stocks: Anticipator Of Economic Health? Posted: 13 Dec 2010 02:00 AM PST Stock markets are again heading north while market commentators question the health of the world economy and especially the situation in the U.S. But who is right and who is wrong? This very question prompted me to look at the ability of stock markets to anticipate the fortunes of the underlying economies.
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| Marc Faber: U.S. Deficit To Remain High As Far As The Eye Can See! Posted: 13 Dec 2010 01:59 AM PST In this Bloomberg interview, Marc Faber, author of the Gloom Boom & Doom Report, discusses the U.S. deficit and also comments on financial markets. According to him, the yield of 10-year Treasury Notes will rise to 5% in the medium term. However, in the short run he sees Treasuries rebounding and the US stock markets outperforming emerging … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Picture Du Jour: U.S. Tax Deal, In One Chart Posted: 13 Dec 2010 01:58 AM PST |
| Gold – Supported By Seasonal Strength Posted: 13 Dec 2010 01:57 AM PST As shown in the chart below, November through February are typically strong months for gold bullion. The yellow metal has since 1970 risen 54% of the time in November, 45% in December, 50% in January and 59% in February. Also, Frank Holmes of U.S. Global Investors explains in the video clip below how emotional thoughts about gold in China and India affect the price of this precious metal.
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| Be Mindful Of Santa Claus Rally And Other Year-end/new-year Indicators Posted: 13 Dec 2010 01:56 AM PST If Santa has not yet made his way to your investment portfolio, don't despair. According to Jeffrey Hirsch (Stock Trader's Almanac), the "Santa Claus Rally" normally occurs during the last five trading days of a year and the ensuing first two trading sessions of the new year. During this seven-day period stocks historically tend to advance (by 1.5% on average since 1950), but when recording a loss, they frequently trade much lower in the new year. Another old stock market saw tells us … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stiglitz On The Key Eco Challenges For 2011 Posted: 13 Dec 2010 01:55 AM PST CNBC's Latha Venkatesh caught up with Joseph Stiglitz, the Nobel Prize winning economist from Columbia University, to find out about his outlook for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. PPI Input Rises More-than-expected In November Posted: 13 Dec 2010 01:40 AM PST Forex Pros – U.K. producer price inflation rose more-than-expected in November, official data showed on Monday. In a report, the U.K. Office for National Statistics said that producer price inflation rose by a seasonally adjusted 0.9% in November, after rising by 2.2% in October, whose figure was revised up from 2.1%. Analysts had expected producer price inflation to rise by 0.5% in November. The report said that year-on-year, producer price inflation rose by 9.0% in November, after rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Rare-earth Resources: The Race Is On Posted: 13 Dec 2010 01:35 AM PST The financial crisis has shown that speculation, funds, and credit default swaps create a huge amount of virtual wealth, but the real economic motor is driven by the manufacture of products using the earth's natural resources. The race is already on to control rare resources like lanthanum, scandium and thulium; essential for hi-tec but everyday products such as computers and mobile … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Dec 2010 01:35 AM PST According to the data obtained by The Associated Press on Thursday, the $700 billion Troubled Asset Relief Program (TARP) has already earned about $35 billion in income. The program was initiated two years back to rescue the nation's financial industry.
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| Laugh Out Loud: It’ll Add To The Deficit … Posted: 13 Dec 2010 01:28 AM PST |
| Forex – Dollar Broadly Higher Vs. Rivals After Upbeat U.S. Data Posted: 13 Dec 2010 01:12 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday after a string of better-than-expected U.S. data boosted the greenback and after China held back from raising interest rates. During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.13% to hit 1.3209. The greenback was also up against the pound with GBP/USD shedding 0.37% to hit 1.5743. Earlier in the day, a report by U.K. property website Rightmove showed house … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Erases Losses After China Hold On Rates Posted: 13 Dec 2010 12:55 AM PST Forex Pros – New Zealand's dollar erased losses against its U.S. counterpart on Monday, rebounding from a 2-day low after China held back from raising interest rates, following data showing inflation jumped in November. NZD/USD clawed up from 0.7467, the pair's lowest since last Thursday, to hit 0.7501 during European morning trade, gaining 0.25%. The pair was likely to find support at 0.7401, the low of December 1 and resistance at 0.7577, the high of December 8. Saturday's data … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Edges Higher Amid China Rate Hike Speculation Posted: 13 Dec 2010 12:36 AM PST Forex Pros – The Australian dollar was slightly higher against its U.S. counterpart on Monday, amid concern exports of commodities will decline after data showed China's inflation accelerated at the fastest pace in 28 months in November. AUD/USD hit 0.9869 during early European trade, the daily high; the pair subsequently consolidated at 0.9859, edging up 0.06%. The pair was likely to find support at 0.9752, the low of December 8 and resistance at 0.9964, the high of December 7. Data … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Switzerland PPI Falls Unexpectedly In November Posted: 13 Dec 2010 12:18 AM PST Forex Pros – Switzerland’s producer price index fell unexpectedly in November, declining for the third consecutive month, official data showed on Monday. In a report, the Swiss Federal Statistical Office said that its producer price index fell by a seasonally adjusted 0.2% in November, after falling by 0.4% in October. Analysts had expected the producer price index to rise by 0.1% in November. Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down After U.K. House Prices Fall In December Posted: 12 Dec 2010 11:57 PM PST Forex Pros – The pound was down against the U.S. dollar on Monday, falling to a daily low after a report by U.K. property website Rightmove showed house prices fell for the second consecutive month in December. GBP/USD hit 1.5777 during late Asian trade, the daily low; the pair subsequently consolidated at 1.5780, shedding 0.13%. Cable was likely to find support at 1.5709, the low of December 9 and resistance at 1.5861, last Friday's high. Rightmove’s House Price Index found asking … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Gain As China Rate Concerns Ease; Nikkei Up 0.86% Posted: 12 Dec 2010 11:51 PM PST Forex Pros – Asian stocks were broadly higher on Monday, after China refrained from raising its benchmark interest rate, while shares in Japanese exporters advanced amid signs the U.S. economic recovery was strengthening. During late Asian trade, Hong Kong’s Hang Seng Index jumped 0.68%, South Korea’s Kospi Composite gained 0.53%, while Japan's Nikkei 225 Index climbed 0.80%. On Friday, official data showed that the U.S. trade deficit narrowed more-than-expected in October, as exports … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Opens Lower Amid Euro Zone Debt Concerns Posted: 12 Dec 2010 11:32 PM PST Forex Pros – The euro opened lower against the U.S. dollar on Monday, amid ongoing concerns over debt levels in peripheral euro zone nations and after upbeat U.S. data released Friday boosted optimism in the U.S. economic recovery. EUR/USD hit 1.3183 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3216, shedding 0.06%. The pair was likely to find support at 1.3059, the low of December 2 and resistance at 1.3421, the high of December 6. On Friday, France and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Momentum Stock: Autozone, Inc. Posted: 12 Dec 2010 11:05 PM PST Autozone, Inc. (NYSE:AZO) continues to trade near its all-time high after reporting strong Q1 results in early December that included a 10% earnings surprise. With a discounted valuation and bullish growth projection, this Zacks #1 rank stock offers a nice tune up for the momentum investors of the world.
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| Aggressive Growth Stock: Pier 1 Imports Posted: 12 Dec 2010 11:05 PM PST Pier 1 Imports, Inc (NYSE:PIR) is heading into a quarterly earnings release later this week. Given the recent sales report and analyst estimates, we could be in store for a nice bump in share price.
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| Growth & Income Stock: Enbridge Inc Posted: 12 Dec 2010 11:05 PM PST Enbridge Inc (NYSE:ENB) carried its strong momentum into the third quarter, delivering EPS 13% above the Zacks Consensus Estimate. Income from operations improved 35% year-over-year on strong revenue growth.
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| Bear Of The Day: Republic Services (RSG) Posted: 12 Dec 2010 11:05 PM PST Republic Services Inc. (NYSE:RSG) became the second largest player in the non-hazardous solid waste industry in the U.S. after its merger with Allied Waste.
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| Bull Of The Day: Sanofi-Aventis S.A. Posted: 12 Dec 2010 11:05 PM PST Sanofi-Aventis’ (NYSE:SNY) third quarter EPADS of $1.22 was above the Zacks Consensus Estimate of $1.17 but a couple of cents below the year-ago earnings.
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| Posted: 12 Dec 2010 10:18 PM PST Note: This interview was conducted on November 29, 2010.
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| Forex – EUR/USD Down During The Asian Session Posted: 12 Dec 2010 10:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3191, down 0.28% at time of writing. The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3323, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8360 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Is The Chinese Bubble About To Burst Gold? Posted: 12 Dec 2010 10:08 PM PST After QE2, analysts were looking for possible consequences of the Federal Reserve Bank's actions. What has become apparent is that the Fed has created another bubble in China. Investors globally have transferred devalued US dollars and euros to buy Chinese property and equities. China has had to combat imported inflation with rapidly rising asset prices. An influx of capital has caused a real estate bubble, a rise in costs of basic goods, and excessive speculation in the commodity … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why Gold’s Gleam Won’t Fade Away Because Of The Current Decline Posted: 12 Dec 2010 09:40 PM PST We picked up the Asian addition of The Wall Street Journal this week and on the back page was an article titled "China reveals Huge Appetite for Gold." The article states: Gold's record rally has been attributed to everything from worries about inflation, the dollar and the emergence of exchange-traded funds. One big factor many may have missed: huge buying from China. We haven't missed it. We have been writing about the rising Chinese demand for gold in many previous … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Gold & The Overall Strength Of The Market Posted: 12 Dec 2010 09:32 PM PST The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let's jump into the charts and analysis to get better feel for what I feel is happening here. Gold 4 Hour Chart
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| Forex – GBP/USD Down During The Asian Session Posted: 12 Dec 2010 09:25 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.5783, down 0.13% at time of writing. The pair was likely to find support at 1.5669, Wednesday's low, and resistance at 1.5861, Friday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8358 and GBP/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Momentum Stocks To Watch For Monday Posted: 12 Dec 2010 09:15 PM PST The following stocks have had bullish charts and volume over the past week. Watch for some, or all, of these to continue into the upcoming week. Rentech (RTK) is a bioenergy company which reports earnings on Wednesday and is based out of California. RTK has been in a strong accumulation phase over the past week and is looking ready to breakout past a tough resistance level of $1.45, which is the level it failed to break last May. Its 52-week high is not far off at $1.72. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 12 Dec 2010 09:12 PM PST Patriot Coal Corp. (NYSE:PCX) is in the midst of a great buying opportunity that could yield a 15% move in the next two weeks of trading. Here's why.. Buy the Dip Patriot Coal has trended steadily higher after bottoming out at $9.76 in August, and recently rallied to highs above $18.00. Every pull-back during this recent wave of strength has led to great "buy the dip" opportunities along the way. The current pull-back could be worth about 15% if price rallies to $20.00 – which … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why Not Double Imports Or Just Total International Trade Over The Next Five Years To Create Jobs? Posted: 12 Dec 2010 09:00 PM PST Huffington Post — “Buoyed by strong demand from China and India, the U.S. trade deficit dropped to its lowest level in 9 months, as exports rose to their highest level in two years. These numbers should please the Obama Administration, who’ve set out to double exports over the next five years to combat high unemployment rates and encourage domestic manufacturers. Analysis by the Economics and Statistics Administration indicate that exports in will this year support close to 9.4 million jobs, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Up During The Asian Session Posted: 12 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.9842, up 0.29% at time of writing. The pair was likely to find support at 0.9796, Friday's low, and resistance at 0.9916, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.32% to hit 1.3186 and USD/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Trade Reaches Two-Year High In October Posted: 12 Dec 2010 08:46 PM PST According to last week’s BEA report, total U.S. trade with the rest of the world (sales of U.S. products to consumers and firms in other countries PLUS purchases of foreign production by American consumers and businesses) reached a two-year high of $356.1 billion in October. This was the highest level of total trade since October 2008, and is more than $100 billion and 44.7% above the April 2009 cyclical low of $246 billion (see chart above). Further, the combined international trade … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Rebounds After China CPI, Gold May Continue To Decline On Yields Posted: 12 Dec 2010 08:30 PM PST Commodities – Energy
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| Singapore Stock Market Update For Monday 13 December Posted: 12 Dec 2010 08:24 PM PST Morning Highlights There Are No Quick Picks For Today! U.S Advance Retail Sales (Nov) Corporate Announcements Cosco announced it has delivered a bulk carrier of 80,000 dwt to its European buyer. News Updates: Confidence among U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Down During The Asian Session Posted: 12 Dec 2010 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Monday. EUR/GBP was trading at 0.8360, down 0.13% at time of writing. The pair was likely to find support at 0.8349, today's low, and resistance at 0.8428, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.3197 and EUR/JPY falling 0.07% 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: 12 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 84.03, up 0.09% at time of writing. The pair was likely to find support at 83.46, Friday's low, and resistance at 84.30, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.26% to hit 1.3193 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Up During The Asian Session Posted: 12 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday. USD/CAD was trading at 1.0100, up 0.07% at time of writing. The pair was likely to find support at 1.0066, Wednesday's low, and resistance at 1.0141, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.27% to hit 1.3193 and GBP/USD falling 0.08% to hit … [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: 12 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 0.9844, down 0.10% at time of writing. The pair was likely to find support at 0.9753, Wednesday's low, and resistance at 0.9897, Friday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.20% to hit 1.3398 and AUD/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Down During The Asian Session Posted: 12 Dec 2010 05:45 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3185, down 0.33% at time of writing. The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3323, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8350 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 12 Dec 2010 05:42 PM PST I accept that there are usually two sides to a story. While I might lean — perhaps heavily — in one direction or the other, that doesn’t mean I’m not open to seeing things differently in the face of a well-reasoned counterargument.
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