DailyMarkets.com - Why Democrats And Republicans Are Both Wrong About The Bush Tax Cuts
DailyMarkets.com - Why Democrats And Republicans Are Both Wrong About The Bush Tax Cuts |
- Why Democrats And Republicans Are Both Wrong About The Bush Tax Cuts
- Expect China Policy Measures In Coming Weeks
- U.K. CBI Industrial Order Expectations Rise More-than-expected
- German Industrial Production Rises Significantly More-than-expected
- Laugh Out Loud: PIIGS – Suck! Suck! Suck!
- The Rand Navigating Big Winds
- Forex – USD/CHF Slips But Stays Close To 3-day High
- Two Flawed Currencies
- Forex – Stronger Dollar Surges To 5-day High Against Yen
- European Stocks Decline On Financials, Commodities; DAX Sheds 0.13%
- Forex – Dollar Up Against Rivals On U.S. Bond Yield Gains
- Forex – NZD/USD Tumbles To 4-day Low Ahead Of RBNZ Rate Statement
- Forex – AUD/USD Hits 3-day Low As U.S. Bond Yields Jump
- Forex – Pound Hits 2-day Low Against Broadly Stronger Dollar
- Asia Stocks Mixed As Yen Weakens; Nikkei Up 0.90%
- Forex – EUR/USD Hits 3-day Low On U.S. Bond Yield Gains
- Australian Home Loan Approvals Rise More-than-expected
- Bull Of The Day: TC PipeLines, L.P. (TCLP)
- Growth & Income Stock: South Jersey Industries, Inc.
- Bear Of The Day: Teradyne, Inc. (TER)
- Aggressive Growth Stock: PriceSmart, Inc
- Momentum Stock: Gardner Denver, Inc.
- Crude Fails At $90 On Profit Taking, Gold Drops Back Below $1400 But Trend Intact
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down During The Asian Session
- Latest RBA Decision May Mean AUD/USD To See Ranged Trading
- Forex – USD/CHF Up During The Asian Session
- Discussing Gold, Bonds, Fiat Currencies, Economics And Investing With Nick Barisheff Of Bullion Management Group
- Watch Out For A Fake Breakout In Gold And Silver
- Bullish & Bearish Stock Options Flow: Mastercard, Discover Financial Services, Yamana Gold, Mosaic, Gastar Exploration, Lyondellbasell Industries, Longton Financial
- Forex – EUR/GBP Down During The Asian Session
- Forex – USD/JPY Up During The Asian Session
- Forex – USD/CAD Up During The Asian Session
- Forex Trading: EUR/USD Continuing Lower
- Singapore Stock Market Update For Wednesday 08 December
- Forex – AUD/USD Down During The Asian Session
- Wrong Planet
| Why Democrats And Republicans Are Both Wrong About The Bush Tax Cuts Posted: 08 Dec 2010 03:43 AM PST All over the Internet, Republican pundits are declaring that extending the Bush tax cuts will save the economy and Democrat pundits are declaring that ending the Bush tax cuts will save the economy. Well, you know what? Nothing will save the U.S. economy. The U.S. government is going to continue to drown in a sea of debt no matter what happens with these tax cuts. State and local governments are also going to continue to drown in a sea of debt. Thousands of factories and millions of jobs … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Expect China Policy Measures In Coming Weeks Posted: 08 Dec 2010 03:16 AM PST Don't rule out an interest rate hike in China before year-end, says Frederic Neumann, MD and co-head of Asian economics research at HSBC. He tells CNBC that inflationary pressures continue to be a large concern in the mainland. Also, Paul Heffner, CEO of Gen2 Partners, says China's central bank could raise rates by up to 150 basis points over … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. CBI Industrial Order Expectations Rise More-than-expected Posted: 08 Dec 2010 03:15 AM PST Forex Pros – Industrial order expectations rose more-than-expected in the U.K. in December, rising to the highest level in 2 years, industry data showed on Wednesday. In a report, the Confederation of British Industry said its index of industrial order expectations rose to -3.0 in December, after rising to -15.0 in November. Analysts had expected the index to rise to -12.0 in December. On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| German Industrial Production Rises Significantly More-than-expected Posted: 08 Dec 2010 03:09 AM PST Forex Pros – Industrial production in Germany rose significantly more-than-expected in October, official data showed on Wednesday. In a report, Destatis, Germany's federal statistical office said industrial production rose by a seasonally adjusted 2.9% in October, after falling by 1.0% September, whose figure was revised from a decline of 0.8%. Analysts had expected German industrial production to rise by 1.0% in October. The report said that year-on-year, German industrial production … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Laugh Out Loud: PIIGS – Suck! Suck! Suck! Posted: 08 Dec 2010 03:08 AM PST |
| Posted: 08 Dec 2010 03:05 AM PST By Cees Bruggemans, Chief Economist of FNB.
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| Forex – USD/CHF Slips But Stays Close To 3-day High Posted: 08 Dec 2010 02:58 AM PST Forex Pros – The U.S. dollar slipped against the Swiss franc on Wednesday, erasing early gains but remained close to the 3-day high as heightened growth expectations for the U.S. economy supported the dollar. USD/CHF retreated from 0.9915, the pair's highest since last Friday, to hit 0.9866 during European morning trade, slipping 0.08%. The pair was likely to find support at 0.9756, Tuesday's low and resistance at 1.0052, the high of December 2. Earlier in the day, U.S. Treasury yields … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Dec 2010 02:01 AM PST Despite America’s economic problems, the US dollar has maintained its respected status the world over – and has even managed to maintain value in comparison to other currencies. It appears that the dollar will likely finish 2010 at the same levels that it started. Even today’s announcement of more tax cuts and stimulus, which will guarantee widening federal deficits for years to come, could not put a dent in the dollar. The dollar’s charmed life stands in strong contrast to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Stronger Dollar Surges To 5-day High Against Yen Posted: 08 Dec 2010 01:57 AM PST Forex Pros – The U.S. dollar was up against the yen on Wednesday, rising to a 5-day high as a proposed extension of tax cuts stoked increased growth expectations for the U.S. economy. USD/JPY hit 84.07 during European morning trade, the pair's highest since December 2; the pair subsequently consolidated at 83.91, gaining 0.51%. The pair was likely to find support at 82.33, Tuesday's low and resistance at 84.39, the high of November 29 and a 2-month high. The decision by U.S. President … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Decline On Financials, Commodities; DAX Sheds 0.13% Posted: 08 Dec 2010 01:49 AM PST Forex Pros – European stocks were down on Wednesday, as shares in the financial and commodity sectors led markets lower, while U.S. futures indexes pointed to a lower open on Wall Street. During European morning trade, the EURO STOXX 50 fell 0.09%; France's CAC 40 shed 0.11%; while Germany’s DAX declined 0.13%. Shares in the financial sector were broadly lower as fears lingered over the euro zone's sovereign debt crisis. On Tuesday, International Monetary Fund Managing Director … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Up Against Rivals On U.S. Bond Yield Gains Posted: 08 Dec 2010 01:11 AM PST Forex Pros – The U.S. dollar was up against all of its major counterparts on Wednesday, as a spike in U.S. Treasury yields, following a proposed extension in tax cuts boosted demand for the greenback. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.51% to hit 1.3189. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Tumbles To 4-day Low Ahead Of RBNZ Rate Statement Posted: 08 Dec 2010 12:55 AM PST Forex Pros – New Zealand's dollar was down against its U.S. counterpart on Wednesday, tumbling to a 4-day low ahead of the Reserve Bank of New Zealand's monetary policy meeting. NZD/USD hit 0.7508 during European morning trade, the pair's lowest since December 2; the pair subsequently consolidated at 0.7509, plummeting 0.77%. The pair was likely to find support at 0.7453, the low of December 2 and resistance at 0.7665, Tuesday's high. RBNZ Governor Alan Bollard was expected to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Hits 3-day Low As U.S. Bond Yields Jump Posted: 08 Dec 2010 12:38 AM PST Forex Pros – The Australian dollar was down against its U.S. counterpart on Wednesday, falling to a 3-day low as higher U.S. Treasury yields boosted demand for the greenback. AUD/USD hit 0.9767 during early European trade, the pair's lowest since December 3; the pair subsequently consolidated at 0.9801, shedding 0.27%. The pair was likely to find support at 0.9618, the low of December 2 and resistance at 0.9937, the high of December 3. The decision by U.S. President Barack Obama to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Pound Hits 2-day Low Against Broadly Stronger Dollar Posted: 08 Dec 2010 12:18 AM PST Forex Pros – The pound was down against the U.S. dollar on Wednesday, dropping to a 2-day low after U.S. Treasury yields made significant gains on a proposed extension in U.S. tax cuts. GBP/USD hit 1.5669 during late Asian trade, the pair's lowest since December 6; the pair subsequently consolidated at 1.5724, shedding 0.21%. Cable was likely to find support at 1.5580, the low of December 3 and resistance at 1.5787, the high of December 3. The decision by U.S. President Barack Obama to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Mixed As Yen Weakens; Nikkei Up 0.90% Posted: 07 Dec 2010 11:46 PM PST Forex Pros – Asian stocks were mixed on Wednesday, as Japanese exporters were boosted by a weaker yen, while shares in the commodity sector slumped amid speculation over a Chinese interest rate hike. During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.61%, South Korea’s Kospi Composite fell 0.35%, while Japan's Nikkei 225 Index jumped 0.90%. The Nikkei's gains came as shares in many of the big name Japanese exporters advanced as the yen weakened against the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Hits 3-day Low On U.S. Bond Yield Gains Posted: 07 Dec 2010 11:33 PM PST Forex Pros – The euro was down against the U.S. dollar on Wednesday, falling to hit a 3-day low, following significant overnight gains in U.S. treasury yields. EUR/USD hit 1.3193 during late Asian trade, the pair's lowest since December 3; the pair subsequently consolidated at 1.3196, shedding 0.48%. The pair was likely to find support at 1.3059, the low of December 2 and resistance at 1.3421, the high of December 6. U.S. Treasury yields surged on a proposed extension in U.S. tax cuts, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Home Loan Approvals Rise More-than-expected Posted: 07 Dec 2010 11:12 PM PST Forex Pros – The number of Australian new home loan approvals rose significantly more-than-expected in October, official data showed on Wednesday. In a report the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 1.9% in October, after rising by 1.3% in September. Analysts had expected the number of home loans granted to rise by 0.2% in October. The report said that the total value of loans increased by 0.3% to AUD 20.5 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bull Of The Day: TC PipeLines, L.P. (TCLP) Posted: 07 Dec 2010 11:05 PM PST Following the recent distribution increase and strong operating results, we are upgrading TC PipeLines, L.P. (NASDAQ:TCLP) units to Outperform from Neutral. We believe future growth prospects for the partnership have improved considerably following the North Baja Pipeline acquisition and the subsequent capping of general partner IDRs at 25%.
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| Growth & Income Stock: South Jersey Industries, Inc. Posted: 07 Dec 2010 11:05 PM PST South Jersey Industries, Inc. (NYSE:SJI) is a strong, stable business with a history of rewarding its shareholders with dividend increases. True to form, the company recently announced an 11% hike in its quarterly dividend, marking the 12th consecutive year of an increase.
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| Bear Of The Day: Teradyne, Inc. (TER) Posted: 07 Dec 2010 11:05 PM PST Teradyne, Inc. (NYSE:TER) is a leading provider of automated test equipment. The company’s third quarter results were dismal, missing the Zacks Consensus on both the top and bottom lines. Forward guidance was also disappointing, as demand for back-end testing equipment has plummeted.
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| Aggressive Growth Stock: PriceSmart, Inc Posted: 07 Dec 2010 11:05 PM PST PriceSmart, Inc. (NASDAQ:PSMT) shares were roaring thanks to the company’s third consecutive earnings surprise. Then yesterday’s announcement pushed the stock even higher.
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| Momentum Stock: Gardner Denver, Inc. Posted: 07 Dec 2010 11:05 PM PST Gardner Denver, Inc. (NYSE:GDI) has been surging with the market since early September, recently hitting a new all-time high at $70.03 on the heels of a solid 21%, Q3 earnings surprise. With an attractive valuation and bullish growth projection, this Zacks #1 rank stock has engineered some serious momentum for itself.
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| Crude Fails At $90 On Profit Taking, Gold Drops Back Below $1400 But Trend Intact Posted: 07 Dec 2010 10:40 PM PST Commodities – Energy
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| Forex – EUR/USD Down During The Asian Session Posted: 07 Dec 2010 10:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3223, down 0.28% at time of writing. The pair was likely to find support at 1.3199, Friday'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 0.07% to hit 0.8422 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down During The Asian Session Posted: 07 Dec 2010 09:25 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5714, down 0.29% at time of writing. The pair was likely to find support at 1.5593, Friday's low, and resistance at 1.5822, Tuesday'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 0.8418 and GBP/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Latest RBA Decision May Mean AUD/USD To See Ranged Trading Posted: 07 Dec 2010 08:59 PM PST The Reserve Bank of Australia kept interest rates steady at 4.75% in its meeting overnight. Whereas recently the RBA had warned that a slowdown in China may cause it to pause its rate hike campaign, now the focus shifts onto the Euro-are and the increase in bond yields there. That was the main downside risk for the RBA. The statement stated that monetary policy is "appropriate" and "over the next few quarters, inflation is expected to be little changed." That's a short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Up During The Asian Session Posted: 07 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday. USD/CHF was trading at 0.9892, up 0.16% at time of writing. The pair was likely to find support at 0.9726, Monday's low, and resistance at 0.9942, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.25% to hit 1.3228 and USD/JPY rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 08:35 PM PST Predicting a US$1700 – $2000 gold price in 2011, Nick Barisheff of Bullion Management Group urges investors to acquire unencumbered physical bullion with no financial intermediaries or counter-party risk, saying "owning gold, silver, and platinum bars is like having a real fire extinguisher instead of a paper picture of a fire extinguisher." Nick … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Watch Out For A Fake Breakout In Gold And Silver Posted: 07 Dec 2010 08:28 PM PST In my studies of the financial markets, I have found the study of trading tactics to be similar to my studies of military history and sports. In 329 BC, Alexander the Great, in his mid-20s, led his army through the Hindu Kush mountains to Central Asia to expand his empire that covered 1 million square miles. He was a terrific military strategist who would often defeat his opponents psychologically in order to preserve his army, which for many years marched 30 miles a day across … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 08:22 PM PST The end of day pullback came because there are headlines floating around that Democrats are already looking to block/filibuster the extension of Bush tax cuts. This is the headline risk that we are all going to have to manage in the foreseeable future. Energy will be in the forefront early in the session with Crude Inventories due out at 10:30 ET. I want to see if the Oil sector continues to slide especially if the numbers are bearish. See you Midday. Stocks opened broadly higher on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Down During The Asian Session Posted: 07 Dec 2010 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Wednesday. EUR/GBP was trading at 0.8408, down 0.09% at time of writing. The pair was likely to find support at 0.8405, today's low, and resistance at 0.8526, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.30% to hit 1.3221 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up During The Asian Session Posted: 07 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 83.71, up 0.26% at time of writing. The pair was likely to find support at 82.34, Tuesday's low, and resistance at 83.85, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.26% to hit 1.3227 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Up During The Asian Session Posted: 07 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0129, up 0.04% at time of writing. The pair was likely to find support at 1.0003, Friday's low, and resistance at 1.0130, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.27% to hit 1.3225 and GBP/USD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EUR/USD Continuing Lower Posted: 07 Dec 2010 06:51 PM PST Remaining under pressure the EUR/USD pair appears to be making a move back toward the early December lows. As the Irish budget appears to be making some progress, the attention is sure to shift to the Spanish and Portuguese situations. Looking at the chart below we see some technical indicators resisting the pair as well. The retracement analysis to the early November highs, show us that after rebounding off the November lows the pair is having trouble getting … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Wednesday 08 December Posted: 07 Dec 2010 06:40 PM PST Morning Highlights There Are No Quick Picks For Today! U.S ABC Consumer Confidence (Dec) Corporate Announcements Tiger Airways announced that it has utilised approximately S$15.5 million from IPO to fund their acquisition of aircraft and associated aircraft pre-delivery payments. News Updates: U.S. government debt dropped after Obama said he would accept lower … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down During The Asian Session Posted: 07 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9824, down 0.05% at time of writing. The pair was likely to find support at 0.9752, Friday's low, and resistance at 0.9965, Tuesday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.04% to hit 1.3487 and AUD/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 06:25 PM PST Recent national polls have found that: Nearly 80% of Americans believe the U.S. remains mired in a recession Combine that with reports like the following, which reveals just how bad things still are in a key segment of the economy, and all I can say is: what planet are the bulls on?
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