Monday, December 6, 2010

DailyMarkets.com - Palladium Vs. Gold – Is The White Metal A Better Investment?

DailyMarkets.com - Palladium Vs. Gold – Is The White Metal A Better Investment?


Palladium Vs. Gold – Is The White Metal A Better Investment?

Posted: 06 Dec 2010 03:35 AM PST

Many investors are aware of the price movement in gold and silver of late, but have you looked at Palladium?  Palladium has exploded right past the entire field of commodities along with the little sister of Gold, which is Silver. Both precious metals have logged sizzling 80%+ gains, year to date.  Palladium related mining stock North American Palladium Ltd (PAL) has done even better than the little brother of Platinum, with a year to date gain of 90%. As incredible as both the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch On Monday: Bank Of America, 3M, BP, Rio Tinto, HSBC, Vodafone, RBS, Lloyds, Sanofi-Aventis, Siemens, Rolls Royce

Posted: 06 Dec 2010 03:27 AM PST

BP (NYSE:BP) – Co. plans to sell two gas fields in Algeria to its Russian joint partner, OAO TNK-BP Holding for about USD 3bln are being held up by the Algerian government's refusal to release data on the In Salah and In Amenas gas fields to TNK-BP. (FT)

UK

UK Banks – Chancellor George Osborne has called on the European Commission to force banks to reveal bonus payouts as part of its next directive due for approval next year. (Mail on Sunday)

HSBC (NYSE:HBC) – The lawyer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


China Jobs Market – Going Gangbusters?

Posted: 06 Dec 2010 03:25 AM PST

I just came across a copy of the latest Manpower employment outlook report (pdf) for China – a unique and interesting data point given the relative lack of official employment statistics. And from my reading it looks like the job market of Zhong Guo is going gangbusters.
“In Quarter 4 2010, Chinese employers anticipate the most dynamic labor market since the survey began in Quarter 2 2005. With 53% of employers expecting to increase staffing levels, 2% forecasting a decrease and 32% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Flirting With Its All-Time High Again

Posted: 06 Dec 2010 03:20 AM PST

The price of gold have been relatively volatile during the past couple of weeks due to the swings in market sentiment. On November 9, gold marked a new all-time high at $1,424.00 per ounce before falling steeply amid the speculation that China will raise its interest rates to place a check on its 4.4% inflation figure for the month of October. A rise in interest rates would likely slow China's growth and since it is now the number two biggest economy in the world, such would not go … [visit site to read more] or compare Best Credit Cards and Best CD Rates


US Dollar Index – Level To Watch On Monday

Posted: 06 Dec 2010 02:59 AM PST

The last time I had written about the dollar, sometime last week, I had pointed out that the dollar was nearing an important resistance level. Well, the pullback started pretty much the same day but I would be the first one to admit that though I saw the pullback coming, I underestimated the strength and magnitude of the pullback.

Seeing the strength of the dollar at that time, I was expecting a small, orderly pullback or maybe even consolidation near the resistance level. Instead, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Tumbles To Daily Low Ahead Of RBA Meeting

Posted: 06 Dec 2010 02:57 AM PST

Forex Pros – The Australian dollar was down against its U.S. counterpart on Monday, dropping to a daily low after remarks by Federal Reserve Chairman Ben Bernanke and ahead of the Reserve Bank of Australia's monetary policy meeting.

AUD/USD hit 0.9851 during European morning trade, the daily low; the pair subsequently consolidated at 0.9855, tumbling 0.75%.

The pair was likely to find support at 0.9739, last Friday's low and resistance at 0.9937, Friday's high.

In an interview with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Shale-Oil Revolution In Bakken: Companies To Watch

Posted: 06 Dec 2010 02:39 AM PST

Junior oil and gas companies are snatching up land surrounding the Bakken formation, pushing its boundaries further and further into Canada and the U.S. In this exclusive interview, Keith Schaefer, publisher of the Oil and Gas Investment Bulletin, tells The Energy Report which companies have the property and technology to profit from this ever-expanding frontier.

The Energy Report: Keith, the Oil and Gas Investment Bulletin primarily covers the Canadian oil and gas (O&G) industries. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Mixed As Financials Decline; DAX Up 0.16%

Posted: 06 Dec 2010 02:33 AM PST

Forex Pros – European stocks were mixed on Monday, as losses in the financial sector outweighed gains in the commodity sector, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 fell 0.30%; France's CAC 40 declined 0.11%; while Germany’s DAX gained 0.16%.

Shares in the financial sector performed poorly ahead of a meeting of euro zone finance ministers in Brussels later in the day. The ministers faced pressure to increase the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Stocks To Watch On Monday: Western Refining, Holly, Ion Geophysical, Nabors Industries, Enerplus Resources Fund

Posted: 06 Dec 2010 02:28 AM PST

With oil being the flavor of the month (still early days I know, so lets add a “so far”) here are some oil plays that I like heading into next week.
Western Refining (NYSE:WNR)

Holly (NYSE:HOC)

Ion Geophysical (NYSE:IO)

Nabors Industries (NYSE:NBR)

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


Will Ireland Deliver A ‘Bomb’shell On December 7th?

Posted: 06 Dec 2010 02:14 AM PST

December 7, 1941
A day which will live in infamy.
The course of world events changed forever that day.
Although there is no meaningful comparison between the loss of life and any amount of turmoil in the markets and global economy, we should be fully aware that December 7, 2010 has the potential to be an earth shattering day on our global financial and economic landscape.
The military 'bombshells' delivered 69 years ago on our military base at Pearl Harbor had ramifications far and wide. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Vs. Rivals After Bernanke Remarks

Posted: 06 Dec 2010 01:40 AM PST

Forex Pros – The U.S. dollar was up against all of its major counterparts on Monday, as the dollar recouped some losses following Friday's weak jobs data and after remarks by Federal Reserve Chairman Ben Bernanke.

During European morning trade, the greenback was up against the euro, with EUR/USD tumbling 0.90% to hit 1.3294.

In an interview with CBS’s “60 Minutes” aired Sunday, Bernanke said it could be four to five years before the U.S. returned to a more normal jobless rate but that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Sentix Investor Confidence

Posted: 06 Dec 2010 01:39 AM PST

EZ Sentix Investor Confidence came in at 9.7, weaker than the 13.2 expected and prior reading of 14.0.
Eur/Usd continues its slide and is trading at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Sentix Investor Confidence Declines More-than-expected

Posted: 06 Dec 2010 01:38 AM PST

Forex Pros – Investor confidence in the euro zone declined more-than-expected in December, data showed on Monday.

In a report, market research group, Sentix said its index of investor confidence fell to a level of 9.7 in December, after rising to 14.0 in November.

Analysts had expected the index to fall to 11.0 in December.

On the index, a level above 0.0 indicates optimism, below indicates pessimism.

Following the release of the data, the euro was down against the U.S. dollar, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Rebounds From 3-week Low On Fed Comments

Posted: 06 Dec 2010 01:25 AM PST

Forex Pros – The U.S. dollar was up against the Swiss franc on Monday, rebounding from a 3-week low after Federal Reserve Chairman Ben Bernanke said a double-dip recession "doesn't seem likely."

USD/CHF hit 0.9796 during European morning trade, the daily high; the pair subsequently consolidated at 0.9789, gaining 0.52%.

The pair was likely to find short-term support at 0.9724, last Friday's low and a 3-week low and resistance at 0.9949, Friday's high.

In an interview with CBS’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Rebounds From 3-week Low On Bernanke Comments

Posted: 06 Dec 2010 12:46 AM PST

Forex Pros – The U.S. dollar was up against the yen on Monday, rebounding from a 3-week low after Federal Reserve Chairman Ben Bernanke said that the U.S. economy was not likely to fall back into a recession.

USD/JPY hit 82.99 during early European trade, the daily high; the pair subsequently consolidated at 82.84, gaining 0.35%

The pair was likely to find support at 82.51, last Friday's low and a 3-week low and resistance at 83.88, Friday's high.

In an interview with CBS’s “60 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Moves Lower After Bernanke Remarks

Posted: 06 Dec 2010 12:17 AM PST

Forex Pros – The pound was down against the U.S. dollar on Monday, slipping to a daily low after U.S. Federal Reserve Chairman Ben Bernanke said a double-dip recession "doesn't seem likely."

GBP/USD hit 1.5716 during late Asian trade, the daily low; the pair subsequently consolidated at 1.5718, shedding 0.33%.

The pair was likely to find support at 1.5580, last Friday's low and resistance at 1.5836, the high of November 24.

On Sunday's "60 Minutes" Bernanke said a return to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Global PMI Scorecard: Faster Rate Of Expansion

Posted: 05 Dec 2010 11:51 PM PST

Manufacturing PMIs
I remarked in a post on Friday that the November manufacturing PMIs came in much stronger than the market and I expected. Only Spain, Italy and Australia reported weaker growth, with the U.S. marginally lower. The manufacturing sectors in most countries except Australia, Japan and Greece continue to expand. Brazil is on the brink of expanding again, whereas Spain finds itself on the edge of contraction.

Country

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


Asia Stocks Mixed As Commodities Gain; Nikkei Sheds 0.11%

Posted: 05 Dec 2010 11:50 PM PST

Forex Pros – Asian stocks were mixed on Monday, as shares in the commodity sector led markets higher, but gains were limited as Japanese exporters declined amid indications that the U.S. economic recovery was faltering.

During late Asian trade, Hong Kong’s Hang Seng Index gained 0.25%, South Korea’s Kospi Composite fell 0.18%, while Japan's Nikkei 225 Index shed 0.11%.

The Nikkei's losses came as shares in many of the big name Japanese exporters declined amid signals that the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Must-see Video Set: Reset Or Recovery? The Macroeconomy And Value Investing

Posted: 05 Dec 2010 11:43 PM PST

This post covers a comprehensive video set of the recent "Value Investing Conference" at Darden School of Business / McIntire School of Commerce. The theme deals with "Reset or Recovery? The Macroeconomy and Value Investing" and the speakers include James Grant, Stephen Roach, Chris Whalen, Whitney Tilson and Richard Mayo.
Part 1: Introduction
UVA's Darden School of Business dean Robert Bruner and McIntire School of Commerce dean Carl Zeithaml welcome the participants and guests. Dean … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Goldman Turns Bullish!

Posted: 05 Dec 2010 11:34 PM PST

In a fairly drastic departure from their previous bearish stance, Jan Hatzius and the Goldman Sachs Global Economics team last week released a rather upbeat report on the global economy and major asset classes. Pragmatic Capitalism did the hard work and provided the summary below.
Hatzius describes why they recently changed their position:
"The most significant shift in 2011 and 2012 is likely to be stronger growth in the U.S. Five years ago, our U.S. economic outlook was very pessimistic … … [visit site to read more] or compare Best Credit Cards and Best CD Rates


60 Minutes: Mark Zuckerberg & Facebook

Posted: 05 Dec 2010 11:33 PM PST

In a "60 Minutes" interview last night, Mark Zuckerberg, the 26-yr.-old founder and CEO of mega-social media site Facebook, talked to Lesley Stahl about his life and his business, now worth an estimated $35 billion. (As an aside, I am very active posting snippets about topical economic and market issues, web links and graphs on Facebook. Please consider joining me as a friend by clicking here.)
Part 1

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


Forex – EUR/USD Falls As Dollar Regains Ground

Posted: 05 Dec 2010 11:30 PM PST

Forex Pros – The euro was down against the U.S. dollar on Monday, slipping to a daily low as the dollar regained some ground after Friday's weak jobs data and ahead of a meeting of European finance ministers.

EUR/USD hit 1.3332 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3348, shedding 0.49%.

The pair was likely to find support at 1.3192, Friday's low and resistance at 1.3632, the high of November 23.

On Friday, the U.S. Department of Labor reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jobs – Going Nowhere In A Hurry

Posted: 05 Dec 2010 11:24 PM PST

On Friday the U.S. Labor Department reported that nonfarm payrolls [[jobs]] increased by 39,000 in November. In order to put the latest data in perspective, Chart of the Day provided a comparison of nonfarm payrolls following the end of the latest economic recession (i.e. the Great Recession – solid red line) with the prior recession (i.e. 2001 recession – dotted gold line) and the average post-recession from 1954–2000 (dotted blue line).
As shown, "the current jobs recovery is much … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Currency Failures From Argentina To Zimbabwe: A Brief History Of Inflation

Posted: 05 Dec 2010 11:17 PM PST

The very topical address below was presented by Timothy Terrell, associate professor of economics at Wofford College and an adjunct scholar of the Ludwig von Mises Institute, at the Mises Circle at Furman … [visit site to read more] or compare Best Credit Cards and Best CD Rates


China’s November Non-manufacturing PMI Plummets!

Posted: 05 Dec 2010 11:14 PM PST

China's CFLP non-manufacturing PMI plummeted to a paltry 53.2 in November from a robust 60.5 in October. November's number marked the lowest since February's low of 46.4.  The drop was led by a significant decline in new orders to 50.1 from 56.7 in October as the transportation and construction industries contracted. Input prices continued to rise strongly while prices charged edged higher.
Although the number is pretty weak it should be seen in context. I have warned you to expect a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ireland Vs Iceland: Deflation Vs Devaluation

Posted: 05 Dec 2010 11:08 PM PST

BCA Research has just published a short note, highlighting the stark difference in policy response followed by Iceland and Ireland to remedy their debt malaise, in the absence of the Emerald Isle being able to devalue its currency. Their summary follows below.
"Iceland and Ireland experienced similar economic illnesses prior to their respective crises: both economies had too much private-sector debt and the banking system was massively overleveraged. Iceland's total external debt reached … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Max Keiser On UN’s “grim Outlook” For World Economy 2011

Posted: 05 Dec 2010 11:07 PM PST

In this video clip, broadcaster and journalist Max Keiser pulls no punches regarding the economy and banking … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: The Gorman-Rupp Company

Posted: 05 Dec 2010 11:05 PM PST

Management at The Gorman-Rupp Company (GRC) has started to buy into the global economic recovery. After delivering solid second quarter results, the company said it was cautious and called conditions an “unpredictable environment.”
However, after delivering a strong third quarter in which it posted its third consecutive positive earnings surprise, management stated it was “cautiously optimistic that improving business conditions will continue”.
Analysts share this sentiment and have been … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Las Vegas Sands Corp.

Posted: 05 Dec 2010 11:05 PM PST

Las Vegas Sands Corp. (NYSE:LVS) continues to charge higher after reporting an awesome 48% earnings surprise in late October. With a bullish next-year estimate calling for 76% growth, this Zacks #1 rank stock is no crap shoot on momentum.
Las Vegas Sands provided an update on its business on October 29 with Q3 results that handily beat expectations.
Third-Quarter Results
Revenue for the period was up 67% from last year to $1.91 billion. Earnings also came in strong at 34 cents, 48% ahead of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Finisar Corp

Posted: 05 Dec 2010 11:05 PM PST

Finisar Corp (NASDAQ:FNSR) shares are on fire after its fourth quarterly earnings surprise. The company set a few records and analysts can’t raise their estimates fast enough.
Even though this Zacks #1 Rank (Strong Buy) is up sharply since being featured on Sep 10, it is still a great value as well.
Company Description
Finisar Corp makes fiber optic and network test systems for high-speed voice, video and data communications. The company’s products are used for networking, storage, wireless and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Fossil, Inc. (FOSL)

Posted: 05 Dec 2010 11:05 PM PST

Fossil Inc. (NASDAQ:FOSL) designs, develops, markets and distributes fashion accessories globally. Its in-house team of designers and product specialists enable the company to stay ahead of the emerging lifestyle and fashion trends.
In addition, the company has a vertically integrated business, which facilitates better flow of communication, consistent quality, product design protection and improved supply chain speed.
We maintain our Outperform recommendation on the stock. However, the intense … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Washington Federal (WFSL)

Posted: 05 Dec 2010 11:05 PM PST

We are downgrading our recommendation on Washington Federal (NASDAQ:WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel.
Results primarily benefited from a rise in revenue and a fall in the provision for loan losses. On the other hand, a weak loan demand and an increase in operating expenses were among the negatives.
We are concerned about the company’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Interpublic Group’s Partnership

Posted: 05 Dec 2010 10:35 PM PST

Octagon, an Athletes and Personalities Division of Interpublic Group of Companies (NYSE:IPG) is partnering with Impact Mobile Inc., a leading provider of mobile messaging and technology, in order to promote its athletes and sport activities through mobile networking. This would definitely bring the Octagon group into the limelight with mobile users.
Interpublic Group's prime strategy is to grow either through product or geographical diversification. Interpublic Group continues to look for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 05 Dec 2010 10:10 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3347, down 0.51% at time of writing.

The pair was likely to find support at 1.2972, Wednesday's low, and resistance at 1.3438, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8479 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Week Ahead

Posted: 05 Dec 2010 10:05 PM PST

The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
U.S.: Consumer confidence on tap
The U.S. stock market will test investors' confidence after an upbeat week spurred by Black Friday shopping sales. Consumer-credit data, consumer-confidence figures and the debt crisis in Europe will all be in focus.

Europe: Ireland in focus
Ireland's parliament vote on the austerity budget, German … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Laugh Out Loud: Senior Health Care Solution …

Posted: 05 Dec 2010 10:04 PM PST

Firing Duds Or Life Ammo?

Posted: 05 Dec 2010 10:00 PM PST

By Cees Bruggemans, Chief Economist of FNB.
Two totally different propositions, both full of pathos.
The ECB decides to do the bare minimum. Clearly not believing in shock-and-awe, wanting European governments to sort out their finances and their banks with some urgency, the ECB is still game enough to try and offer protective fire to Portugal (aggressively buying its bonds) with the aim of preventing markets from knocking it into a lifeboat, freeing the road for going after bigger game … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The Asian Session

Posted: 05 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 1.5736, down 0.22% at time of writing.

The pair was likely to find support at 1.5512, Thursday's low, and resistance at 1.5788, Friday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8484 and GBP/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Eyes $90 On Global Boom, Gold Hits Records But Lags Silver

Posted: 05 Dec 2010 08:51 PM PST

Commodities – Energy
Crude Oil Eyes $90 on Global Boom
Crude Oil (WTI) – $89.25 // $0.06 // 0.07%
Commentary: Crude oil will look to advance further into 25-month high territory this week after rising almost 6.5% last week. The disappointing jobs number on Friday failed to arrest crude's advance, with prices now just shy of the $90 level.
Economic data this week is light, thus momentum established last week may carry over and send prices higher. On the other hand, after such a sizzling run, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During The Asian Session

Posted: 05 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 0.9771, up 0.35% at time of writing.

The pair was likely to find support at 0.9729, Friday's low, and resistance at 1.0067, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.44% to hit 1.3356 and USD/JPY rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Weekly Updates: Quiksilver, SJM Holdings, Genting Singapore

Posted: 05 Dec 2010 08:49 PM PST

The past 2 weeks had been a real roller-coaster ride. The market has done quite a significant pull-back which has seen a big chunk of our profits being wiped out. It was not until Wednesday that the US market did a 2-day triple digit rally to bring the smiles back. The Europe crisis does not seem capable of being solved easily with Spain and Portugal expected to be next in line for help. Market will most probably be relatively flat in the near future due to this uncertainty. I'll do a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Research And Discussion On Retirement Planning For Canadian Baby Boomers Turning 65 Beginning 2011

Posted: 05 Dec 2010 08:30 PM PST

Starting January 2011 the first of Canada's boomers will start to turn 65, approximately 344,000 of them.
According to a Harris/Decima poll (on behalf on Investors Group) which was conducted online within Canada between October 28 and November 9, 2010 among 2,031 adults (aged 18 and over), 61% of respondents say they look forward to retirement as an exciting new stage in life [Press Release]. As these boomers are gearing up to enjoy more than 20 years of retirement living, results from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The Asian Session

Posted: 05 Dec 2010 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Monday.

EUR/GBP was trading at 0.8474, down 0.38% at time of writing.

The pair was likely to find support at 0.8335, Wednesday's low, and resistance at 0.8526, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.51% to hit 1.3346 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Two ETFs For European Exposure

Posted: 05 Dec 2010 08:17 PM PST

Despite ongoing concerns of sovereign debt issues in Europe and an extension of loose monetary policies by the European Central Bank, an opportunity may exist in Sweden and the exchange traded funds [[ETFs]] that track the nation.   
Over the years, Sweden has been amongst the top innovative nations around the world, is known for high worker productivity, has an abundance of skilled labor, has a favorable corporate tax structure and is known for its first rate infrastructure.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During The Asian Session

Posted: 05 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 82.93, up 0.46% at time of writing.

The pair was likely to find support at 82.53, Friday's low, and resistance at 84.40, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.57% to hit 1.3338 and GBP/USD falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up During The Asian Session

Posted: 05 Dec 2010 07:00 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.

USD/CAD was trading at 1.0050, up 0.11% at time of writing.

The pair was likely to find support at 1.0003, Friday's low, and resistance at 1.0272, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.52% to hit 1.3345 and GBP/USD falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During The Asian Session

Posted: 05 Dec 2010 06:10 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 0.9887, down 0.44% at time of writing.

The pair was likely to find support at 0.9539, Wednesday's low, and resistance at 0.9938, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3512 and AUD/JPY falling 0.11% 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: 05 Dec 2010 05:20 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3382, down 0.25% at time of writing.

The pair was likely to find support at 1.2972, Wednesday's low, and resistance at 1.3438, Friday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8493 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During The Asian Session

Posted: 05 Dec 2010 04:15 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Monday.

EUR/JPY was trading at 110.85, up 0.11% at time of writing.

The pair was likely to find support at 108.42, Wednesday's low, and resistance at 111.19, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.25% to hit 1.3381 and EUR/GBP falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Up During The Asian Session

Posted: 05 Dec 2010 03:20 PM PST

Forex Pros – The British Pound was higher against the Japanese Yen on Sunday.

GBP/JPY was trading at 130.42, up 0.18% at time of writing.

The pair was likely to find support at 129.36, Tuesday's low, and resistance at 131.76, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.01% to hit 1.5769 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down During The Asian Session

Posted: 05 Dec 2010 02:30 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.

NZD/USD was trading at 0.7645, down 0.22% at time of writing.

The pair was likely to find support at 0.7398, Tuesday's low, and resistance at 0.7675, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.2969 and EUR/NZD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Weekend Reading

Posted: 04 Dec 2010 03:24 AM PST

Some things to consider on the weekend:

Australia’s social and political divide: When outsiders look at countries like Australia and Canada, they just see a resource-based economy. This is an excellent story about the social and economic divide in Australia between the mining based economy in the west and the finance and manufacturing in the southeast. Here in Canada we have a similar problem with the mining and energy economies of BC/Alberta/Saskatchewan/Newfoundland and the population heavy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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