Sunday, December 12, 2010

DailyMarkets.com - Forex – EUR/USD Weekly Outlook: December 13-17

DailyMarkets.com - Forex – EUR/USD Weekly Outlook: December 13-17


Forex – EUR/USD Weekly Outlook: December 13-17

Posted: 12 Dec 2010 08:08 AM PST

Forex Pros – Last week saw the euro decline against the U.S. dollar after Ireland's credit rating was downgraded and as the region's political leaders differed over how best to contain the debt crisis.

EUR/USD hit 1.3164 on Thursday, the pair's lowest since December 2; the pair subsequently consolidated at 1.3222 by close of trade on Friday, tumbling 1.2% over the week.

The pair is likely to find support at 1.3164, last Thursday's low and resistance at 1.3437, the high of December … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rosenberg’s 10 Themes For 2011

Posted: 12 Dec 2010 07:43 AM PST

Following Richard Bernstein's rather upbeat "11 themes for 2011" posted late last week, his former Merrill's colleague David Rosenberg (now Chief Economist and Strategist of Gluskin Sheff & Associates) has just published his thoughts on the lie of a considerably more bearish investment land.
Here are Rosie's themes for 2011:
1.    Consensus views of 1,350 on the S&P 500 and 4% real GDP growth are far too high. Not one strategist polled by Bloomberg is bearish on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Weekly Outlook: December 13-17

Posted: 12 Dec 2010 07:43 AM PST

Forex Pros – Last week saw the pound post its second consecutive weekly gain against the U.S. dollar amid signs that the economic recovery in the U.K. was gathering pace.

GBP/USD hit 1.5861 on Friday, the pair's highest since November 23; the pair subsequently consolidated at 1.5800 by close of trade, gaining 0.25% over the week.

Cable is likely to find support at 1.5701, last Tuesday's low and resistance at 1.5861, last Friday's high.

On Monday the pound was down after U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Face To Face With Jim Chanos

Posted: 12 Dec 2010 07:42 AM PST

In the six-part video interview below, James Chanos, hedge fund legend and Kynikos Associates president/founder, discusses a variety of issues regarding the economy and financial markets.
Part 1: Investing behind the Great Wall

Part 2: The short story on the markets

Part 3: The payout from the bailout

Part 4: Restructuring the euro

Part 5: High-end art market is back

Part 6: Parting … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Valuation Indicators Signal Caution

Posted: 12 Dec 2010 07:41 AM PST

When considering valuation levels of the S&P 500 Index, it is always worthwhile stopping by Doug Short's site for an update on three valuation indicators he routinely follows:

the relationship of the S&P Composite to a regression trendline (more)
the cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)
the Q Ratio – the total price of the market divided by its replacement cost (more)

To facilitate comparisons in the chart below, Short has adjusted the Q … [visit site to read more] or compare Best Credit Cards and Best CD Rates


John Williams Calls For The “Great Collapse” In 2011

Posted: 12 Dec 2010 07:40 AM PST

Blaming decades of fiscal abuse, John Williams of Shadow Stats calls for hyperinflation in the U.S. in 2011, starting with gasoline and food … [visit site to read more] or compare Best Credit Cards and Best CD Rates


No Stopping Gold In 2011

Posted: 12 Dec 2010 07:39 AM PST

Philip Klapwijk of GFMS, the precious metals consultancy, tells Jack Farchy, the FT's commodities correspondent, which metals he would bet on for 2011 and why central bank buying could help see the yellow metal reach new highs of $1,650 a troy ounce.
Click here or on the image below to view the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Weekly Outlook: December 13-17

Posted: 12 Dec 2010 06:50 AM PST

Forex Pros – Last week saw the Canadian dollar post the biggest weekly decline against its U.S. counterpart in a month, as proposed tax cut extensions bolstered optimism over the U.S. economic recovery and after Canada's central bank left its benchmark interest rate unchanged.

USD/CAD hit 1.0140 on Wednesday, the pair’s highest since December 2; the pair subsequently consolidated at 1.0094 by close of trade on Friday, gaining 0.61% over the week.

The pair is likely to find support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Weekly Outlook: December 13-17

Posted: 12 Dec 2010 06:26 AM PST

Forex Pros – Last week saw New Zealand's dollar close sharply lower against its U.S. counterpart after the Reserve Bank of New Zealand indicated that interest rates will remain on hold until well into 2011.

NZD/USD hit 0.7432 on Wednesday, the pair's lowest since December 1; the pair subsequently consolidated at 0.7475 by close of trade on Friday, plunging 2.06% over the week.

The pair is likely to find support at 0.7432, last Wednesday's low and resistance at 0.7665, last Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Don Coxe Webcast – Updated (December 10, 2010)

Posted: 12 Dec 2010 05:52 AM PST

Don Coxe has updated his popular webcast on Friday, December 10, 2010 – good news for his followers. You can access the recording here or from the sidebar of the Investment Postcards site (the column on the right-hand side) by clicking on Don's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Steve Jobs: CEO Of The Decade

Posted: 12 Dec 2010 05:45 AM PST

Steve Jobs is known as both mercurial and visionary, part rock-star CEO and part master salesman, a meticulous micromanager who can drive his employees to distraction — and one of the most important figures in American industry in the past half-century.
For leading a triumphant surge to the top of the tech world, developing game-changing computers and devices and unleashing a stellar return for investors, Jobs was named MarketWatch's CEO of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Weekly Outlook: December 13-17

Posted: 12 Dec 2010 05:45 AM PST

Forex Pros – Last week saw the U.S. dollar close higher against its Australian counterpart as proposed tax cut extensions boosted optimism over U.S. growth and after Australia's central bank left its benchmark interest rate unchanged.

AUD/USD hit 0.9752 on Wednesday, the pair's lowest since December 3; the pair subsequently consolidated at 0.9852 by close of trade on Friday, shedding 0.47% over the week.

The pair was likely to find support at 0.9752, last Wednesday's low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Laugh Out Loud: Debt Commission

Posted: 12 Dec 2010 05:41 AM PST

Forex – USD/JPY Weekly Outlook: December 13-17

Posted: 12 Dec 2010 05:06 AM PST

Forex Pros – Last week saw the U.S. dollar rally against the yen, rebounding from a 3-week low, amid optimism that a proposal to extend tax cuts would spur the economic recovery in the U.S.

USD/JPY hit 84.29 on Wednesday, the pair's highest since December 2; the pair subsequently consolidated at 83.92 by close of trade on Friday, jumping 1.15% over the week.

The pair is likely to find support at 82.33, last Tuesday's low and a 3-week low and resistance at 84.29, last Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Weekly Outlook: December 13-17

Posted: 12 Dec 2010 04:36 AM PST

Forex Pros – Last week saw the U.S. dollar rebound from a 3-week low against the Swiss franc amid expectations that a proposed tax cut extension would bolster U.S. economic growth, before trimming gains by the weeks end.

USD/CHF hit 0.9915 on Wednesday, the pair's highest since December 3; the pair subsequently consolidated at 0.9808 by the close of trade on Friday, gaining 0.55% over the week.

The pair is likely to find support at 0.9725, the low of December 3 and a 3-week low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Weekly Outlook: December 13-17

Posted: 12 Dec 2010 02:15 AM PST

Forex Pros – Last week saw the U.S. dollar strengthen against most of its major counterparts amid optimism that an agreement to extend Bush-era tax cuts would support the U.S. economic recovery.

On Monday, President Barack Obama said he would accept lower tax rates on high earners for the next two years in exchange for extending federal unemployment insurance and a one-year cut in payroll taxes.

Meanwhile, the euro fell against the greenback after Ireland's credit rating was downgraded and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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