DailyMarkets.com - Say What? 30 Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry
DailyMarkets.com - Say What? 30 Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry |
- Say What? 30 Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry
- Stocks To Watch For Tuesday: Citigroup, Bank Of America, Google, Amazon, Apple, BP, Novartis, Siemens
- Forex – EUR/USD Extends Gains As Irish Budget Vote Eyed
- German Factory Orders Rise Less-than-expected In October
- Forex – GBP/USD Hits 9-day High Before Irish Budget Vote
- Forex – NZD/USD Hits 2-day High On Irish Budget Optimism
- Forex – AUD/USD Hits 17-day High, Shrugging Off RBA Move
- European Stocks Rally Ahead Of Irish Budget Vote; DAX Up 1.14%
- Forex – Dollar Broadly Lower Vs. Rivals On Renewed Fed Easing Fears
- U.K. Manufacturing Production Rises More-than-expected
- Forex – USD/JPY Erases Losses, Rebounds From 3-week Low
- Forex – Broadly Softer Dollar Hits Daily Low Against Swiss Franc
- Forex – GBP/USD Hits 2-day High As Focus Stays On Euro Zone
- Asia Stocks Mixed As Commodities Gain; Nikkei Sheds 0.26%
- Forex – EUR/USD Rises On Ireland Budget Hopes
- Swiss Unemployment Rate Remains Unchanged In November
- Reserve Bank Of Australia Leaves Interest Rate Unchanged At 4.75%
- Momentum Stock: Ann Taylor Stores Corp.
- Bear Of The Day: Universal Tech (UTI)
- Bull Of The Day: Limited Brands (LTD)
- Growth & Income Stock: Chesapeake Utilities Corporation
- Aggressive Growth Stock: Buenaventura Mining Company Inc.
- Forex – EUR/USD Up During The Asian Session
- Important Analysis For The S&P 500: Watch For Breakout
- Forex – GBP/USD Up During The Asian Session
- Crude Oil Pauses To Digest Recent Gains, Gold Surges To Records On Mention Of QE3
- U.S. Stock Market And Gold In Last Stages Of The Rally From July
- Levels To Watch On Bank Of America
- Forex – USD/CHF Down During The Asian Session
- Daily US Dollar Index, EUR/USD Roundup For December 6, 2010
- Forex – EUR/GBP Up During The Asian Session
- David Einhorn CNBC Interview
- Forex – USD/JPY Down During The Asian Session
- Forex – USD/CAD Down During The Asian Session
- Forex – AUD/USD Up During The Asian Session
| Say What? 30 Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry Posted: 07 Dec 2010 03:35 AM PST Did you see Federal Reserve Chairman Ben Bernanke on 60 Minutes the other night? Bernanke portrayed the Federal Reserve as the great protector of the U.S. economy, he claimed that unemployment would be 15 percent higher if the Federal Reserve had sat back and done nothing during the financial crisis and he even started laying the groundwork for a third round of quantitative easing. Unfortunately, 60 Minutes did not ask Bernanke any hard questions and did not challenge him on his past … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 03:24 AM PST BP (NYSE:BP) – Co. is weighing the sale of some of its North Sea assets, in order to cover clean-up costs from its Gulf of Mexico oil spill, that may raise as much as USD 1bln, according to a person familiar with the matter. (Sources) UK Xstrata – Co. said that following a review of the Araguaia nickel project in Brazil, a post-tax non-cash impairment charge of about USD 440mln will be taken in the year ending Dec. 31 as an exceptional item. Co.'s expansionary capital expenditure … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Extends Gains As Irish Budget Vote Eyed Posted: 07 Dec 2010 03:15 AM PST Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, rising to a fresh daily high as hopes that Ireland drastic austerity budget would be passed triggered cautious optimism. EUR/USD hit 1.3393 during European morning trade, the daily high; the pair subsequently consolidated at 1.3355, gaining 0.36%. The pair was likely to find short-term support at 1.3192, last Friday's low and resistance at 1.3437, Friday's high. Earlier in the day, Irish media outlets reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| German Factory Orders Rise Less-than-expected In October Posted: 07 Dec 2010 03:06 AM PST Forex Pros – German factory orders rose less-than-expected in October, official data showed on Tuesday. In a report, Deutsche Bundesbank said factory orders increased by a seasonally adjusted 1.6% in October, after falling by 4.0% in September. Economists had expected German factory orders to rise by 1.9% in October. The data showed that year-on-year, German factory orders rose less-than-expected in October, increasing by 17.9%, after rising by 14.1% in September. Economists had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Hits 9-day High Before Irish Budget Vote Posted: 07 Dec 2010 03:03 AM PST Forex Pros – The pound extended gains against the U.S. dollar on Tuesday, surging to a 9-day high, amid hopes that Ireland's parliament would pass a crucial austerity budget and help contain the euro zone's sovereign debt crisis. GBP/USD hit 1.5822 during European morning trade; the pair's highest since November 24; the pair subsequently consolidated at 1.5787, gaining 0.46%. Cable was likely to find support at 1.5655, Monday's low and resistance at 1.5964, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Hits 2-day High On Irish Budget Optimism Posted: 07 Dec 2010 02:51 AM PST Forex Pros – New Zealand's dollar was up against its U.S. counterpart on Tuesday, rising to a 2-day high as hopes that Ireland’s emergency budget would pass a parliament vote boosted sentiment. NZD/USD hit 0.7665 during European morning trade, the pair's highest since last Friday; the pair subsequently consolidated at 0.7649, gaining 0.42%. The pair was likely to find support at 0.7543, Friday's low and resistance at 0.7730, the high of November 23. Earlier in the day, official data … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Hits 17-day High, Shrugging Off RBA Move Posted: 07 Dec 2010 02:35 AM PST Forex Pros – The Australian dollar was up against its broadly weaker U.S. counterpart on Tuesday, surging to a 17-day high despite the Reserve Bank of Australia's decision to hold interest rates steady. AUD/USD hit 0.9965 during European morning trade, the pair's highest since November 12; the pair subsequently consolidated at 0.9958, gaining 0.59%. The pair was likely to find support at 0.9848, Monday's low and resistance at 1.0090, the high of November 11. Earlier in the day, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Rally Ahead Of Irish Budget Vote; DAX Up 1.14% Posted: 07 Dec 2010 02:29 AM PST Forex Pros – European stocks were sharply higher on Tuesday, amid hopes that Ireland's parliament would pass an austerity budget later in the day, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 jumped 1.66%; France's CAC 40 soared 1.95%; while Germany’s DAX gained 1.14%. Shares in the financial sector were mixed ahead of a crucial vote in Ireland's parliament on the country's budget. The world's largest banking … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Lower Vs. Rivals On Renewed Fed Easing Fears Posted: 07 Dec 2010 01:52 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, amid renewed speculation the Federal Reserve would expand monetary easing to support the U.S. economic recovery. During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.60% to hit 1.3388. The greenback was also down against the pound with GBP/USD rising 0.62% to hit 1.5814. Earlier in the day, official data showed that manufacturing production in the U.K. rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Manufacturing Production Rises More-than-expected Posted: 07 Dec 2010 01:37 AM PST Forex Pros – Manufacturing production in the U.K. rose more-than-expected in October, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said that manufacturing production rose by a seasonally adjusted 0.6% in October, after rising by 0.2% in September, whose figure was revised up from 0.1%. Economists expected manufacturing production to rise by 0.3% in October. The report showed that year-on-year, manufacturing production rose by 5.8% in October, after … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Erases Losses, Rebounds From 3-week Low Posted: 07 Dec 2010 01:37 AM PST Forex Pros – The U.S. dollar erased early losses against the yen on Tuesday, rebounding from a 3-week low, following a verbal intervention by Japan's finance minister. USD/JPY clawed up from 82.33, the pair's lowest since November 12, to hit 82.67 during European morning trade, gaining 0.02%. The pair was likely to find support at 82.33, Tuesday's low and resistance at 83.25, the high of November 15. Earlier in the day, Japanese Finance Minister Yoshihiko Noda said that the yen's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Broadly Softer Dollar Hits Daily Low Against Swiss Franc Posted: 07 Dec 2010 01:10 AM PST Forex Pros – The broadly softer U.S. dollar was down against the Swiss franc on Tuesday, falling to a daily low, amid uncertainty over the direction of the Federal Reserve's monetary policy. USD/CHF hit 0.9768 during European morning trade, the daily low; the pair subsequently consolidated at 0.9792, shedding 0.23%. The pair was likely to find support at 0.9725, Monday's low and resistance at 0.9874, Monday's high. On Sunday, Federal Reserve Chairman Ben Bernanke said purchases of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Hits 2-day High As Focus Stays On Euro Zone Posted: 07 Dec 2010 12:07 AM PST Forex Pros – The pound was up against the U.S. dollar on Tuesday, rising to a 2-day high as investors focused on euro zone debt problems ahead of a meeting of European finance ministers to formally to approve an aid package for Ireland. GBP/USD hit 1.5778 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 1.5775, gaining 0.39%. Cable was likely to find support at 1.5655, Monday's low and resistance at 1.5836, the high of November 24. Earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Mixed As Commodities Gain; Nikkei Sheds 0.26% Posted: 06 Dec 2010 11:48 PM PST Forex Pros – Asian stocks were mixed on Tuesday, as shares in the commodity sector led markets higher, but gains were limited as Japanese exporters declined as the yen strengthened against the U.S. dollar. During late Asian trade, Hong Kong’s Hang Seng Index gained 0.50%, South Korea’s Kospi Composite rose 0.45%, while Japan's Nikkei 225 Index shed 0.26%. The Nikkei's losses came as shares in many of the big name Japanese exporters declined after the yen rose to the highest level in 3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Rises On Ireland Budget Hopes Posted: 06 Dec 2010 11:33 PM PST Forex Pros – The euro was up against the U.S. dollar on Tuesday, rising to a daily high amid hopes that Ireland's parliament would pass an austerity budget later in the day. EUR/USD hit 1.3354 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3316, gaining 0.06%. The pair was likely to find short-term support at 1.3192, last Friday's low and resistance at 1.3437, Friday's high. At a meeting in Brussels on Monday, European finance ministers ruled out … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Swiss Unemployment Rate Remains Unchanged In November Posted: 06 Dec 2010 11:17 PM PST Forex Pros – The unemployment rate in Switzerland remained unchanged in November, official data showed on Tuesday. In a report, the Swiss State Secretariat for Economic Affairs said the rate of unemployment held steady at a seasonally adjusted 3.6% in November, widely in line with expectations. Following the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Reserve Bank Of Australia Leaves Interest Rate Unchanged At 4.75% Posted: 06 Dec 2010 11:13 PM PST Forex Pros – The Reserve Bank of Australia kept its benchmark interest rate unchanged in December, it announced on Tuesday. In a statement, the RBA said it was keeping its benchmark interest rate unchanged at 4.75% in December, widely in line with expectations. Commenting on the decision, central bank Governor Glenn Stevens said, "Following the Board’s decision last month to lift the cash rate, and the subsequent increases by financial institutions, lending rates in the economy are now a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Momentum Stock: Ann Taylor Stores Corp. Posted: 06 Dec 2010 11:05 PM PST Ann Taylor Stores Corp. (NYSE:ANN) recently hit a new multi-year high at $27.84 after reporting strong Q3 results in mid November that included a 24% earnings surprise. With a bullish next-year estimate calling for 30% growth and
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| Bear Of The Day: Universal Tech (UTI) Posted: 06 Dec 2010 11:05 PM PST Universal Technical’s (NYSE:UTI) fourth-quarter 2010 earnings missed the Zacks Consensus Estimate, and fell 9.4% from the prior-year quarter. The average enrollment of the educational institute rose 15.4%, but new student growth slid 5% during the quarter.
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| Bull Of The Day: Limited Brands (LTD) Posted: 06 Dec 2010 11:05 PM PST Limited Brands (NYSE:LTD) sustained focus on cost containment, inventory management and merchandise initiatives has kept it afloat in a sluggish retail environment, as evident from its healthy third-quarter 2010 results. Consequently, management raised its fiscal 2010 earnings outlook.
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| Growth & Income Stock: Chesapeake Utilities Corporation Posted: 06 Dec 2010 11:05 PM PST Estimates have been surging higher for Chesapeake Utilities Corporation (NYSE:CPK). The company recently reported earnings of 17 cents per share for the third quarter of 2010, well ahead of the 2 cent consensus estimate. It also marked the company’s 5th consecutive positive earnings surprise.
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| Aggressive Growth Stock: Buenaventura Mining Company Inc. Posted: 06 Dec 2010 11:05 PM PST Buenaventura Mining Company Inc. (NYSE:BVN) is coming off of a great quarter, but due to some potential changes from the Peruvian government you can get shares at a decent value.
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| Forex – EUR/USD Up During The Asian Session Posted: 06 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3345, up 0.28% at time of writing. The pair was likely to find support at 1.3061, Thursday's low, and resistance at 1.3438, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8470 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Important Analysis For The S&P 500: Watch For Breakout Posted: 06 Dec 2010 09:42 PM PST The S&P 500 Index has pushed higher from the 1,175 support level, but is beginning to show signs of resistance at 1,226. I have a few thoughts on what is likely to play out in this index in the days ahead… Resistance at 1,226 The S&P 500 ($SPX) is testing a major area of resistance at 1,226, which held firmly in November and threatens to turn away the index again. Taking a closer look at how the $SPX reacted to 1,226 in November reveals that price is beginning to mirror … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The Asian Session Posted: 06 Dec 2010 09:25 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5758, up 0.27% 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 down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8470 and GBP/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Pauses To Digest Recent Gains, Gold Surges To Records On Mention Of QE3 Posted: 06 Dec 2010 09:00 PM PST Commodities – Energy
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| U.S. Stock Market And Gold In Last Stages Of The Rally From July Posted: 06 Dec 2010 08:57 PM PST The Elliott Wave patterns that I use to forecast movements ahead of time in the SP 500 and Gold for my subscribers have been textbook perfect for quite some time. We can go back to the March 2009 lows and clearly identify 5 waves up to the 13 month initial rally high in April of this year. This was followed by a clear ABC wave 2 pattern to the 1010 lows on July 1st. Right now, the SP 500 is in wave 5 up since July 1st, and that means this is a terminal wave underway before a good … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Levels To Watch On Bank Of America Posted: 06 Dec 2010 08:53 PM PST Bank of America (NYSE:BAC) has been in the news lately, and it's one of the major financial companies that's underperfoming its peers in the financial sector. Let's start with the Weekly Chart and then drill down to the Daily Chart to look at possible opportunities, levels, and lessons. BAC Weekly: If we cut through the noise and focus on price, we see that BAC stock is in a weekly chart downtrend, having made lower lows, lower highs, and the 20/50 EMA structure is clearly … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Down During The Asian Session Posted: 06 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9805, down 0.11% at time of writing. The pair was likely to find support at 0.9726, Monday's low, and resistance at 1.0054, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3335 and USD/JPY falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Daily US Dollar Index, EUR/USD Roundup For December 6, 2010 Posted: 06 Dec 2010 08:34 PM PST The US Dollar Index (DXY) ended a 3-day skid by rebounding off the 20-day moving average. The 38.2% retracement provided support, allowing the greenback to maintain its near-term bullish structure. However, the ensuing rally rejected near the key 80 threshold to potentially shift the focus back towards the 20-day moving average and key 38.2% retracement. Reclaiming 80 would reinforce the original outlook for a move towards the 200-day moving average. The EUR/USD rejected at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Up During The Asian Session Posted: 06 Dec 2010 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Tuesday. EUR/GBP was trading at 0.8476, up 0.09% at time of writing. The pair was likely to find support at 0.8390, Thursday's low, and resistance at 0.8526, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.28% to hit 1.3345 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 06 Dec 2010 07:58 PM PST David Einhorn David Einhorn was on CNBC this morning talking about a variety of topics. Einhorn is rarely on TV but according to a recent shareholder letter, has been making the rounds to promote his book (recently updated) Fooling Some of the People All of the Time: A Long Short (and Now Complete) Story to Lehman Brothers and the financial system as a whole. Greenlight Capital's David Einhorn discusses the current state of the markets and his investments with host Consuelo … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down During The Asian Session Posted: 06 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 82.36, down 0.36% at time of writing. The pair was likely to find support at 82.34, today's low, and resistance at 84.37, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.27% to hit 1.3344 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Down During The Asian Session Posted: 06 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 1.0053, down 0.03% at time of writing. The pair was likely to find support at 1.0003, Friday's low, and resistance at 1.0191, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.27% to hit 1.3344 and GBP/USD rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up During The Asian Session Posted: 06 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9900, up 0.001% at time of writing. The pair was likely to find support at 0.9626, Thursday'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 0.14% to hit 1.3463 and AUD/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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