DailyMarkets.com - Obama Tax Cuts Will Push Investors Further To Gold

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• Obama Tax Cuts Will Push Investors Further To Gold
• Forex – EUR/JPY Down During The Asian Session
• Forex – GBP/USD Down During The Asian Session
• Forex – EUR/USD Down During The Asian Session
• Forex – NZD/USD Up During The Asian Session
• U.S. Stock Market: Watch Out For The Negative Divergence
• Rudolph Hits The Hindenburg Omen (DIA, SPY, EEM, IBB, EWP, TUR)
• Carl Icahn’s Dynegy Power Struggle And Coming Showdown At Chesapeak Energy
• Forex – EUR/USD Weekly Outlook: December 20-24
• Forex – GBP/USD Weekly Outlook: December 20-24
• Forex – NZD/USD Weekly Outlook: December 20-24
• Forex – USD/CAD Weekly Outlook: December 20-24
• Forex – AUD/USD Weekly Outlook: December 20-24
• Forex – USD/JPY Weekly Outlook: December 20-24
• Bait And Switch, Time To Exit (Most) Bonds

Obama Tax Cuts Will Push Investors Further To Gold Posted: 19 Dec 2010 05:35 PM PST Starting January, American workers will start to see changes in their paychecks as the Social Security tax break that was signed into law last Friday takes effect. Workers normally allocate 6.2% of their wages to Social Security on the first $106,800. This will be reduced to 4.2%. The Social Security tax cut is just one part of the package that was passed. Additional measures include extending benefits for the long-term unemployed and passing a lower tax rate for inheritance above $10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During The Asian Session Posted: 19 Dec 2010 05:00 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Monday. EUR/JPY was trading at 110.36, down 0.36% at time of writing. The pair was likely to find support at 110.34, today's low, and resistance at 112.14, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.46% to hit 1.3129 and EUR/GBP falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session Posted: 19 Dec 2010 03:55 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Sunday. GBP/USD was trading at 1.5511, down 0.15% at time of writing. The pair was likely to find support at 1.5455, Friday's low, and resistance at 1.5911, Tuesday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8486 and GBP/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 19 Dec 2010 03:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Sunday. EUR/USD was trading at 1.3166, down 0.18% at time of writing. The pair was likely to find support at 1.3134, Friday's low, and resistance at 1.3497, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8485 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session Posted: 19 Dec 2010 02:50 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Sunday. NZD/USD was trading at 0.7362, up 0.001% at time of writing. The pair was likely to find support at 0.7344, Thursday's low, and resistance at 0.7576, Tuesday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.12% to hit 1.3406 and EUR/NZD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Market: Watch Out For The Negative Divergence Posted: 19 Dec 2010 02:05 PM PST The advance-decline line is the most basic of all market breadth indicators. It is the calculated by subtracting the number of declining stocks for the day from the number of advancing stocks for the day. Now, in a normal, healthy uptrend, one would expect this indicator to increase along with the overall markets. Below is a chart of the advance-decline line comparing it with the SPX index (in yellow). It can be seen above that though the market is making new highs this month, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rudolph Hits The Hindenburg Omen (DIA, SPY, EEM, IBB, EWP, TUR) Posted: 19 Dec 2010 10:32 AM PST Rudolph was well into bringing the "Santa Rally" to town when this week he suddenly ran into the ominous sounding "Hindenburg Omen."  Beyond that, economic news was mostly positive while markets remain overbought, breadth is dwindling and upward momentum has stalled heading into the lightly traded Christmas week. Looking at My Screens As I mentioned, momentum is dwindling as the indexes stall near highs for the year.  Bullish sentiment remains at high extremes typically … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Carl Icahn’s Dynegy Power Struggle And Coming Showdown At Chesapeak Energy Posted: 19 Dec 2010 10:22 AM PST It has been a literal power struggle between Dynegy, Inc. (NYSE:DNY) — the third-largest U.S. independent power producer–and its investors. With weak natural gas prices dragging down power prices, Dynegy booked a net loss of $1.25 billion in 2009 and another $70 million loss in the first nine months of this year. Natgas Kills The Power On top of the losses already incurred, Dynegy also holds $3.95 billion in debt, with over $1.7 billion maturing in 2015 and 2016. The company now expects to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Weekly Outlook: December 20-24 Posted: 19 Dec 2010 07:48 AM PST Forex Pros – Last week saw the euro slump to a 2-week low against the U.S. dollar on Friday, after a five notch downgrade of Ireland's sovereign debt by ratings agency Moody's and after the International Monetary Fund warned of a “significant” contagion threat from Ireland. EUR/USD hit 1.3132 on Friday, the pair's lowest since December 2; the pair subsequently consolidated at 1.3186 by close of trade, shedding just 0.07% over the week. The pair is likely to find short-term support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Weekly Outlook: December 20-24 Posted: 19 Dec 2010 07:32 AM PST Forex Pros- Last week saw the pound tumble to a 3-month low against the U.S. dollar on Friday after the Bank of England’s semi-annual Financial Stability Report showed Britain’s banks remained vulnerable to European sovereign debt. GBP/USD hit 1.5453 on Friday, the pair's lowest since September 15; the pair subsequently consolidated at 1.5530 by close of trade, tumbling 1.69% over the week. Cable is likely to find support at 1.5453, last Friday's low and resistance at 1.5646, Friday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Weekly Outlook: December 20-24 Posted: 19 Dec 2010 07:12 AM PST Forex Pros – Last week saw New Zealand's dollar tumble to an 11-week low against its U.S. counterpart as a string of better-than-expected U.S. data boosted confidence in the U.S. economic recovery, while weak domestic data also dented the kiwi. NZD/USD hit 0.7342 on Thursday, the pair's lowest since October 1; the pair subsequently consolidated at 0.7359 by close of trade on Friday, plunging 1.38% over the week. The pair is likely to find support at 0.7272, the low of September 23 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Weekly Outlook: December 20-24 Posted: 19 Dec 2010 06:24 AM PST Forex Pros – Last week saw the Canadian dollar close at a 2-week low against its U.S. counterpart as ongoing fears over euro zone sovereign debt contagion and a flurry of better-than-expected U.S. data dampened risk appetite.   USD/CAD hit 1.0001 on Wednesday, the pair’s lowest since November 11; the pair subsequently consolidated at 1.0139 by close of trade on Friday, gaining 0.38% over the week. The pair is likely to find support at 0.9977, the low of November 11, and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Weekly Outlook: December 20-24 Posted: 19 Dec 2010 04:41 AM PST Forex Pros – Last week saw the Australian dollar climb to a 5-week high against its U.S. counterpart to trade at parity before trimming gains after the Federal Reserve's rate statement and a string of better-than-expected U.S. data hit sentiment. AUD/USD hit 1.0027 on Tuesday, the pair's highest since November 11; the pair subsequently consolidated at 0.9879 by close of trade on Friday, gaining 0.43% over the week. The pair is likely to find support at 0.9775, the low of December 9 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Weekly Outlook: December 20-24 Posted: 19 Dec 2010 03:39 AM PST Forex Pros – Last week saw the U.S. dollar climb to an 11-week high against the yen, before trimming gains to close the week largely unchanged as growing optimism over the strength of the U.S. economic recovery supported the greenback. USD/JPY hit 84.50 on Wednesday, the pair's highest since September 24; the pair subsequently consolidated at 83.96 by close of trade on Friday, gaining 0.02% over the week. The pair is likely to find support at 82.83, last Tuesday's low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bait And Switch, Time To Exit (Most) Bonds Posted: 18 Dec 2010 06:41 AM PST Every investment has a season. For bonds, the season is “Fall”. The vast majority of bond holders of almost all sorts have seen their values head south. What to do? Odds are, one should not take the bait of doubling down on bond holdings, but should rotate to a portfolio containing a hefty percentage of dividend-paying common stocks that hold hope of maintaining absolute value plus a capital gain. I believe that being flexible is superior than being locked into one strict index ETF as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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