DailyMarkets.com - Santander Strengthening Mexican Biz

---

• Santander Strengthening Mexican Biz
• Forex – USD/CHF Turns Lower After KOF Economic Barometer
• Forex – USD/JPY Falls To Daily Low As Exporters Sell The Greenback
• Rhodium – Catch-up Potential?
• Case-Shiller: Home Prices Falling Faster
• Kass: What Could Go Wrong In 2011?
• Andy Xie: China’s Inflation Or U.S. Sovereign Debt Could Spark Next Crisis
• Black Says Euro May Be “undone” In 3–4 Years
• Forex – U.S. Dollar Down Across The Board On Concerns Over U.S. Recovery
• Forex Trading: Eurozone M3 Money Supply
• Forex – AUD/USD Hovers Below Record High As Commodity Prices Climb
• Roubini Global Economics: Policy Cures For China’s Post-stimulus Hangover
• Betting On Japan
• Lough Out Loud: Unhappy New Year …
• Forex – Kiwi Rallies To 3-week High Against U.S. Dollar
• RSI Momentum And Money Flow For Gold And Silver
• Hot Option Plays: CBOE Put/Call Ratio Below .75
• Forex – GBP/USD Hits Daily High On Signs U.S. Recovery Lagging
• Forex – EUR/USD Hits Daily High Amid Concerns Over U.S. Recovery
• Bear Of The Day: Kirkland's, Inc. (KIRK)
• Growth & Income Stock: Iron Mountain Inc.
• Momentum Stock: Clayton Williams Energy, Inc.
• Bull Of The Day: Arrow Electronics
• Aggressive Growth Stock: Skystar Bio-Pharmaceutical Co
• Asian Markets Mixed At Close; Nikkei Up 0.50%
• Breadth/Fed Stimulus Encouraging To Stock Market Bulls
• Forex – EUR/USD Up During The Asian Session
• Stock Market & ETF News Update: Bad News Day (SPY, DIA, IWM, GLD, FXI, TLT)
• Japan Economy, USD/JPY and Yields Of Government Bonds
• Stocks To Watch On Wednesday
• Stock Market Summary For Tuesday
• Forex – GBP/USD Up During The Asian Session
• Forex – USD/CHF Down During The Asian Session
• Forex – EUR/GBP Down During The Asian Session
• Singapore Stock Market Update For Wednesday 29 December
• Crude Oil Inches Higher Shrugging Off Consumer Confidence, Gold Spikes Over $1400
• Major Social Legislation Votes By Party
• Forex – USD/JPY Down During The Asian Session
• Fair Trade Vs. Free Trade
• Economists: The Real “Party Of No”
• Forex – USD/CAD Down During The Asian Session
• Forex – AUD/USD Up During The Asian Session
• Forex – EUR/USD Up During The Asian Session
• Forex – EUR/JPY Down During The Asian Session

Santander Strengthening Mexican Biz Posted: 29 Dec 2010 04:05 AM PST Banco Santander SA (NYSE:STD) is strengthening its Mexican business. The company's Mexican unit — Grupo Financiero Santander S.A. — has agreed to buy the consumer mortgage business in Mexico from GE Capital, the financial unit of General Electric Company (NYSE:GE). The mortgage business in consideration is a portfolio of $2 billion. The deal, which is subject to regulatory approval, is expected to close in the first half of 2011. The terms of the deal were not disclosed. The deal is in sync … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Turns Lower After KOF Economic Barometer Posted: 29 Dec 2010 03:09 AM PST Forex Pros – The U.S. dollar turned lower, trading in a tight range against the safe-haven Swiss franc on Wednesday in thin year-end trade, after data showed that an index of Swiss leading indicators fell less-than-expected in December.  USD/CHF shed 0.09% to subsequently consolidate at 0.9515 during European morning trade; the pair earlier hit a daily high of 0.9534. The pair was likely to find support at 0.9433, Tuesday's low and an all-time low, and resistance at 0.9646, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Falls To Daily Low As Exporters Sell The Greenback Posted: 29 Dec 2010 02:47 AM PST Forex Pros – The U.S. dollar was down for the eighth consecutive day against the yen on Wednesday, falling to hit a daily low, as Japanese exporters sold the greenback on fears it may fall further during the year-end holidays. USD/JPY hit 82.04 during European morning trade, a daily low; the pair subsequently consolidated at 82.10, slumping 0.35%. The pair was likely to find support at 81.65, the low of November 12, and resistance at 82.83, Tuesday's high. Many of the big-name Japanese … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rhodium – Catch-up Potential? Posted: 29 Dec 2010 02:09 AM PST I have been fairly vocal about my bullish view on precious metals for quite a while. And with yesterday's surge in prices, I am quite content to ride my positions. However, adding to one's holdings at decent prices has become problematic as most of the corrections have been shallow, not really affording proper buying opportunities. Is there a way of still accessing the precious metals complex at relatively good prices? Perhaps. I have never paid much attention to the lesser known of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Case-Shiller: Home Prices Falling Faster Posted: 29 Dec 2010 02:06 AM PST Home prices in the U.S. nosedived in October, with the worst declines coming from areas with high numbers of foreclosures. The chart below depicts the annual returns of the 10-City and the 20-City Composite Home Price Indices. In October 2010, the 10-City and 20-City Composites recorded annual returns of +0.2% and -0.8%, respectively. October was the fifth consecutive month where the annual growth rates moderated from their prior month's pace, confirming a clear deceleration in home price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kass: What Could Go Wrong In 2011? Posted: 29 Dec 2010 02:03 AM PST A look at why the recovery might not be a recovery but just recession fatigue, with Doug Kass of Seabreeze Partners. Moving to a net short position on stocks, he said: "We should be fearful that the recovery in the economy as well as the rally in the market will be short … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Andy Xie: China’s Inflation Or U.S. Sovereign Debt Could Spark Next Crisis Posted: 29 Dec 2010 01:58 AM PST The paragraphs below are excerpts from a recent article by Andy Xie in Caixin Online. "The global economy may be coming up for a breach of fresh air in 2011. Fiscal and monetary policies around the world have been highly stimulated for three years. The additional monetary and fiscal stimulus measures by the U.S. could generate an upside surprise to its 2011 growth rate. Most emerging economies continue to grow rapidly. By the middle of 2011, most analysts may declare that the world has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Black Says Euro May Be “undone” In 3–4 Years Posted: 29 Dec 2010 01:56 AM PST William Black, associate professor of economics and law at the University of Missouri-Kansas City, talks about the outlook for the U.S., European and Chinese economies. Black speaks with Carol Massar on Bloomberg Television's "Fast … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – U.S. Dollar Down Across The Board On Concerns Over U.S. Recovery Posted: 29 Dec 2010 01:56 AM PST Forex Pros – The U.S. dollar was down against all of its major counterparts on Wednesday in thin year-end trade, amid renewed concerns over the strength of the U.S. economic recovery.  With many investors already away on year-end leave, trading volumes were low, resulting in volatile trade. Meanwhile, during European morning trade, the greenback was down against the euro, with EUR/USD gaining 0.18% to hit 1.3140. Earlier in the day, official data showed that retail sales in Spain fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone M3 Money Supply Posted: 29 Dec 2010 01:49 AM PST The market had a limited reaction to money supply our of the Eurozone, which came in slightly better at 1.9% versus the forecast of 1.6% and prior reading of 0.9%.  Additionally, private loans came in better than expected at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hovers Below Record High As Commodity Prices Climb Posted: 29 Dec 2010 01:36 AM PST Forex Pros – The Australian dollar was up for the eighth consecutive day against its U.S. counterpart on Wednesday, hovering below a record high, as rising commodity prices boosted the appeal of commodity-linked currencies. AUD/USD hit 1.0144 during European morning trade, a daily high; the pair subsequently consolidated at 1.0140, jumping 0.40. The pair was likely to find support at 1.0040, Tuesday's low, and resistance at 1.0182, the high of November 5 and an all-time high. Earlier in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roubini Global Economics: Policy Cures For China’s Post-stimulus Hangover Posted: 29 Dec 2010 01:24 AM PST The report below comes courtesy of Nouriel Roubini's team of analysts at RGE. The chef on the Titanic is said to have survived the icy waters by thinning his blood with booze as the band played on. China's approach to the global financial crisis followed a similar strategy. In the fall of 2008—with Lehman Brothers' collapse curtailing China's access to trade finance, capital flowing out of the economy and final demand for Chinese goods in advanced economies plummeting—policy makers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Betting On Japan Posted: 29 Dec 2010 01:23 AM PST Abhay Deshpande, portfolio manager of First Eagle Global Funds, tells CNBC why he thinks Japanese and US companies are the most attractive right now. The graph below shows the price chart of the Nikkei 225 Average, making headway since the November low and also putting in improved relative performance versus the Dow Jones World Index (bottom section). As is the case with most stock markets, the Index looks toppish in the short term but could be one of the better performing markets in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lough Out Loud: Unhappy New Year … Posted: 29 Dec 2010 01:22 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Kiwi Rallies To 3-week High Against U.S. Dollar Posted: 29 Dec 2010 01:05 AM PST Forex Pros – New Zealand's dollar was up against its U.S. counterpart for the fifth consecutive day on Wednesday, rallying to a 3-week high in thin year-end trade, as rising commodity prices boosted demand for commodity-linked currencies. NZD/USD hit 0.7614 during early European trade, the pair's highest since December 7; the pair subsequently consolidated at 0.7611, surging 0.72%. The pair was likely to find support at 0.7489, Tuesday's low, and resistance at 0.7665, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RSI Momentum And Money Flow For Gold And Silver Posted: 29 Dec 2010 12:46 AM PST If you have spent any time on my website you have probably noticed I am something of a nut about drawing trend lines on indicators.  This little fascination of mine began several years ago and well, I guess it still fascinates me.  I’m hopeless, huh? Anyway, I decided to poke around with the RSI momentum indicator on a chart of gold and silver, and see what it would tell me.  To no big surprise, my drawn trend line breaks on the indicator did a rather impressive job of telling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: CBOE Put/Call Ratio Below .75 Posted: 29 Dec 2010 12:19 AM PST Cusick's Corner After the market's tight range yesterday and now again today, market watchers are taking notice of volatility's move to the upside — specifically the VIX popping from 16 to 18. This is a little unusual considering the light volume, tight range and the offensive sectors, i.e. XLF, continue to catch a bid and show leadership to the upside. What has shaken the short-term support for the bulls is a well known sentiment indicator Put/Call Ratio, specifically the CBOE P/C Ratio … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits Daily High On Signs U.S. Recovery Lagging Posted: 28 Dec 2010 11:59 PM PST Forex Pros – The pound snapped two days of declines against the U.S. dollar on Wednesday, rising to a daily high in low volume year-end trade, amid indications that the U.S. economic recovery was faltering.   GBP/USD hit 1.5411 during late Asian trade, a daily high; the pair subsequently consolidated at 1.5394, climbing 0.16%. The pair was likely to find support at 1.5295, the low of September 7, and resistance at 1.5510, Tuesday's high. Economic data released on Tuesday raised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits Daily High Amid Concerns Over U.S. Recovery Posted: 28 Dec 2010 11:33 PM PST Forex Pros – The euro rebounded from a 2-day low against the U.S. dollar on Wednesday, rising to a daily high in thin year-end trade, amid indications the U.S. economic recovery was lagging.    EUR/USD hit 1.3149 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3142, jumping 0.21%. The pair was likely to find support at 1.3054, the low of December 23, and resistance at 1.3273, Tuesday's high. On Tuesday, industry data showed that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Kirkland's, Inc. (KIRK) Posted: 28 Dec 2010 11:05 PM PST Kirkland’s, Inc. (NASDAQ:KIRK) again reported weak third-quarter 2011 results with earnings of $0.11 which was below the Zacks Consensus Estimate by a penny. The company’s healthy balance sheet supports its investment to bring about a better merchandise mix in its stores. However, the company’s susceptibility to the global economic downturn coupled with stiff competition severely undermines the its future growth prospects and profitability. The recommendation for the stock is Underperform as we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Iron Mountain Inc. Posted: 28 Dec 2010 11:05 PM PST It’s not often that you see a company raise its regular quarterly dividend more than 200%, but that’s just what Iron Mountain Inc. (NYSE:IRM) did earlier this month. The information management company raised its quarterly dividend from 6 cents per share to 18.5 cents. It currently yields 3.0%. Iron Mountain also recently delivered its fourth consecutive positive EPS surprise. Over the last four quarters Iron Mountain has had an average upside surprise of 13.6%. Third Quarter Results The company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Clayton Williams Energy, Inc. Posted: 28 Dec 2010 11:05 PM PST Clayton Williams Energy, Inc. (NASDAQ:CWEI) has been surging since early September, recently hitting a new multi-year high at $84.76 as crude crosses the $90 mark. With a bullish next-year estimate calling for 65% earnings growth and a compelling valuation, this Zacks #1 stock is providing plenty of fuel for its upward momentum. Company Description Clayton Williams Energy, Inc is an independent oil and gas exploration company with its properties concentrated in Texas, Louisiana and New Mexico. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Arrow Electronics Posted: 28 Dec 2010 11:05 PM PST Arrow Electronics Inc. (NYSE:ARW) reported solid results for the third quarter driven by strong growth across all geographies and products. Although the company faced tough times between late 2008 early 2009, performance has been improving steadily since then. We expect overall demand and margins to improve as volumes ramp up. Earnings estimates for 2010 have increased in the last sixty days, driven by solid third quarter results and the accretive impact of recent acquisitions. Estimates for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Skystar Bio-Pharmaceutical Co Posted: 28 Dec 2010 11:05 PM PST Skystar Bio-Pharmaceutical (SKBI) announced a record-setting quarter in November, which led to sharp estimate increases. Shares now have a Zacks #1 Rank (Strong Buy) and the dirt-cheap valuations show potential for huge returns. Company Description Skystar develops and makes veterinary and medical care products and is based in China. Over 170 products are spread though out 4 divisions; veterinary medicines, micro-organisms, vaccines and feed additives. Record Revenues Skystar announced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asian Markets Mixed At Close; Nikkei Up 0.50% Posted: 28 Dec 2010 10:45 PM PST Forex Pros – Asian stocks were mixed after the closing bell on Wednesday. At the close of Asian trade, Japan's Nikkei 225 index rose 0.50%, Australia's S&P/ASX 200 index shed 0.04%, while Hong Kong's Hang Seng Index was trading 1.19% up. Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.01%, S&P 500 futures pointed to an increase of 0.11% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Breadth/Fed Stimulus Encouraging To Stock Market Bulls Posted: 28 Dec 2010 10:42 PM PST The disappointing housing news of December 28, 2010 gives the Fed more cover to complete the full allotment of QE2 bond purchases, which in turn should help boost weak dollar assets like gold, silver, and copper. From a Bloomberg story: A wave of foreclosures waiting to reach the market means home prices will remain under pressure in 2011, representing a risk to household finances. Federal Reserve policy makers this month said "depressed" housing and high unemployment remained … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 28 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3131, up 0.12% at time of writing. The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3274, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8532 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market & ETF News Update: Bad News Day (SPY, DIA, IWM, GLD, FXI, TLT) Posted: 28 Dec 2010 09:55 PM PST As we head into the closing days of the year, bad news came at us from all corners of the world today. At home, the Case/Shiller Home Price Index came in with its fourth monthly decline in a row, dropping -0.8% on an annual basis in October and -1.3% on a monthly basis. 18 out of the 20 cities included in the report showed declines, with six making new lows since the housing collapse began more than three years ago. This is truly a miserable report that came in below expectations and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japan Economy, USD/JPY and Yields Of Government Bonds Posted: 28 Dec 2010 09:55 PM PST A few days ago, Japan just revealed the biggest fiscal budget plan of 92.4 trillion yen ($1.1 trillion) in its history for the next fiscal year (FY 2011, starting in April 2011).  The number sounds big.  But it is just a 0.12% increase from the budget of 92.3 trillion yen in the current fiscal year (FY 2010). Since the budget will be partially financed by one-off funding from previous savings, the projected borrowing needs of the Japan government in the next fiscal year will be 5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Wednesday Posted: 28 Dec 2010 09:41 PM PST Here are three stocks that I like for Wednesday. The first two I had posted today on twitter too and the third one was today’s Chart of the Day and could trigger tomorrow. Hecla Mining (NYSE:HL) – Impressive move Tuesday on impressive volume. Watch out for 11.40 Wednesday. Rubicon Minerals (RBY) – Beautiful chart, isn’t it? Quite a move Tuesday, on decent volume. 6 and 6.05 are the levels to watch out for. This might have another day of run left in it. Fairchild Semiconductor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday Posted: 28 Dec 2010 09:36 PM PST Just like in yesterday’s session stocks erased early losses and finished mixed on below average trade.  As we have been saying this has become the current trend with many traders away from their desks during the holiday season.  We are keeping the support levels the same on the DJIA, S&P 500, and Nasdaq Composite (see below) and resistance levels the same on the S&P 500 and Nasdaq Composite (see below).  On the DJIA we are adjusting the resistance level back to 11,584 (we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The Asian Session Posted: 28 Dec 2010 09:25 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5401, up 0.21% at time of writing. The pair was likely to find support at 1.5346, Tuesday's low, and resistance at 1.5512, Tuesday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8522 and GBP/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During The Asian Session Posted: 28 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday. USD/CHF was trading at 0.9510, down 0.14% at time of writing. The pair was likely to find support at 0.9438, Tuesday's low, and resistance at 0.9646, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3128 and USD/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session Posted: 28 Dec 2010 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Wednesday. EUR/GBP was trading at 0.8522, down 0.15% at time of writing. The pair was likely to find support at 0.8478, Friday's low, and resistance at 0.8592, Tuesday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3128 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Wednesday 29 December Posted: 28 Dec 2010 07:57 PM PST Morning Highlights There Are No Quick Picks For Today! Singapore market is holding up, with STI up 12.39 points to open at 3196.09. News Updates: Singapore-listed developer GuocoLand, a firm linked to Malaysian billionaire Quek Leng Chan, said on Wednesday it had no plans to set up a real estate investment trust (Reit), dismissing a report in the Business Times newspaper… Tower Australia powered higher on a takeover bid from Dai-ichi Life.  Quick Picks: Here is a quick pick … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Inches Higher Shrugging Off Consumer Confidence, Gold Spikes Over $1400 Posted: 28 Dec 2010 07:51 PM PST Commodities – Energy Crude Oil Inches Higher Shrugging off Consumer Confidence Crude Oil (WTI) – $91.36 // $0.13 // 0.14% Commentary: Crude reversed Monday's minor decline to gain $0.49, or 0.54%, on Tuesday, settling at $91.49. Other than a release on U.S. Consumer Confidence, which fell to 52.5 from 54.3 versus the 56.3 that was expected, there was no notable news in the day. As we would expect, financial markets largely shrugged off the consumer confidence figure as it is not a reliable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Major Social Legislation Votes By Party Posted: 28 Dec 2010 07:49 PM PST From Matthias Shapiro: “One of the more entertaining themes running around the media these days is that the almost entirely Democratic passage of the health care reform bill is pretty standard issue for major social legislation. After all, the theory goes, Republicans never really supported any major social legislation and this bill was about as bi-partisan as it could get under the circumstances. We live in a world of accessible information. Quite frankly, if you're too lazy to go look up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The Asian Session Posted: 28 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday. USD/JPY was trading at 82.29, down 0.12% at time of writing. The pair was likely to find support at 81.82, Tuesday's low, and resistance at 83.16, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.08% to hit 1.3125 and GBP/USD rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fair Trade Vs. Free Trade Posted: 28 Dec 2010 07:34 PM PST “Last summer, I purchased a 2010 LS 460 Lexus, through a U.S. intermediary, from a Japanese producer for $70,000. Here’s my question to you: Was that a fair trade? I was free to keep my $70,000 or purchase the car. The Japanese producer was free to keep his Lexus or sell me the car.  As it turned out, I gave up my $70,000 and took possession of the car, and the Japanese producer gave up possession of the car and took possession of my money. The exchange occurred because I saw myself as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Economists: The Real “Party Of No” Posted: 28 Dec 2010 07:16 PM PST “Economists are the real “Party of No.” They keep saying that there is no such thing as a free lunch — and politicians keep on getting elected by promising free lunches. Nothing is easier for politicians than to play Santa Claus by promising benefits without mentioning the costs — or lying about the costs and leaving it to future governments to figure out what to do when the money runs out.” ~Thomas … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session Posted: 28 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0004, down 0.06% at time of writing. The pair was likely to find support at 0.9976, Tuesday's low, and resistance at 1.0111, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.11% to hit 1.3130 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The Asian Session Posted: 28 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 1.0104, up 0.04% at time of writing. The pair was likely to find support at 0.9988, Monday's low, and resistance at 1.0152, Tuesday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.04% to hit 1.2992 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 Up During The Asian Session Posted: 28 Dec 2010 06:05 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3131, up 0.12% at time of writing. The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3274, Tuesday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8532 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During The Asian Session Posted: 28 Dec 2010 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Wednesday. EUR/JPY was trading at 107.92, down 0.13% at time of writing. The pair was likely to find support at 107.62, Tuesday's low, and resistance at 109.52, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.08% to hit 1.3105 and EUR/GBP falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610