Wednesday, January 12, 2011

DailyMarkets.com - 10 Things That Would Be Different If The Federal Reserve Had Never Been Created

DailyMarkets.com - 10 Things That Would Be Different If The Federal Reserve Had Never Been Created


10 Things That Would Be Different If The Federal Reserve Had Never Been Created

Posted: 12 Jan 2011 03:35 AM PST

The vast majority of Americans, including many of those who believe that they are “educated” about the Federal Reserve, do not really understand how the Federal Reserve really makes money for the international banking elite.  Many of those opposed to the Federal Reserve will point to the record $80.9 billion in profits that the Federal Reserve made last year as evidence that they are robbing the American people blind.  But then those defending the Federal Reserve will point out that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Extends Gains After U.K. Goods Deficit Rises To Record

Posted: 12 Jan 2011 02:45 AM PST

Forex Pros – The euro extended early gains against sterling on Wednesday, rising to a two day high after official data showed that the U.K.'s goods trade deficit climbed to a record high in November, on higher imports of oil and aircraft.

EUR/GBP hit 0.8337 during European morning trade, the pair's highest since Monday; the pair subsequently consolidated at 0.8328, gaining 0.13%.

The pair was likely to find support at 0.8282, Monday's low and a four month low and resistance at 0.8425, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Range-bound As Risk Aversion Eases

Posted: 12 Jan 2011 02:16 AM PST

Forex Pros – The U.S. dollar was almost unchanged against the Swiss franc on Wednesday, amid concerns that the Swiss central bank would intervene to weaken the franc and as risk aversion eased.

USD/CHF hit 0.9711 during European morning trade, the daily low; the pair subsequently consolidated at 0.973, dipping 0.05%.

The pair was likely to find support at 0.9658, Tuesday's low and resistance at 0.9783, the Tuesday's high.

Over the weekend, Swiss media outlets reported that Swiss policy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Industrial Production Jumps More-than-expected

Posted: 12 Jan 2011 02:06 AM PST

Forex Pros – Industrial production in the euro zone rose more-than-expected in November, official data showed on Wednesday.

In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.2% in November, after rising by 0.7% in October.

Analysts had expected industrial production in the euro zone to increase by 0.5% in November.

The data showed that year-on-year, the rate of industrial production rose significantly more-than-expected, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Pares Gains After Weak U.K. Trade Balance Data

Posted: 12 Jan 2011 01:54 AM PST

Forex Pros – Sterling pared gains against the U.S. dollar on Wednesday, following the release of data showing that the U.K. trade deficit widened more-than-expected in November.

GBP/USD retreated from 1.5681, the pair's highest since December 15 to hit 1.5656 during European morning trade, gaining 0.37%.

Cable was likely to find support at 1.5511, Tuesday's low and resistance at 1.5773, the high of December 15.

The Office for National Statistics said that the U.K.'s deficit on trade … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Trade Deficit Widens Unexpectedly In November

Posted: 12 Jan 2011 01:38 AM PST

Forex Pros – The U.K.'s trade deficit widened unexpectedly in November, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said the country’s trade deficit widened to a seasonally adjusted GBP8.7 billion in November, compared to a deficit of GBP8.6 billion in October, whose figure was revised from a deficit of GBP8.5 billion.

Economists had expected the trade deficit to narrow to GBP8.2 billion in November.

The report said that exports rose by GBP0.9 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Surge Ahead Of Portugal Debt Sale; DAX Up 1.28%

Posted: 12 Jan 2011 01:33 AM PST

Forex Pros – European stock markets posted sharp gains on Wednesday ahead of a crucial Treasury bill sale by Portugal, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 jumped 1.69%, France's CAC 40 surged 1.33%, while Germany’s DAX rallied 1.28%.

Markets remained focused on whether Portugal would be able to raise funds in the debt market or be forced to turn to the European Union and International Monetary Fund for a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Bank Of Thailand Raised The 1-day Bond Repo Rate 25bps To 2.25%

Posted: 12 Jan 2011 01:15 AM PST

The Bank of Thailand lifted the 1-day bond repurchase rate by 25 basis points, placing the rate at 2.25%, as expected. The move was driven by rising inflation, with December headline inflation at 3% core inflation (excluding fresh food and fuel) at a 21-month high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rising Oil = Head Wind

Posted: 12 Jan 2011 01:10 AM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
The crude oil price has been scaling new recovery highs over the past few days, with Brent crude now less than $2 away from the roundophobia $100 number.
Although oil is marching higher as a result of increased demand, an increasing price also represents a head wind for the economy – almost like an additional tax. Here is why:
"Every $1 per barrel rise … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Down Vs. Most Rivals As Risk Sentiment Improves

Posted: 12 Jan 2011 12:52 AM PST

Forex Pros – The U.S. dollar was down against almost all of its major counterparts on Wednesday, as sentiment was boosted by reports that European Union leaders were to discuss plans to expand the bailout fund for indebted euro-zone countries.

During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.25% to hit 1.3005.

Portugal was scheduled to auction up to EUR1.25 billion worth of debt later Wednesday.

The greenback was also down against sterling with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Erases Early Gains, Slips To Daily Low Vs. Yen

Posted: 12 Jan 2011 12:31 AM PST

Forex Pros – The U.S. dollar erased early gains against the yen on Wednesday, to slip to a daily low as a small rebound in risk appetite in Asian equity markets boosted demand for the yen.

USD/JPY retreated from 83.41, the daily high to hit 83.01 during late Asian trade, shedding 0.27%.

The pair was likely to find support at 82.67, Tuesday's low and resistance at 83.49, the high of the same day.

Earlier in the day, official data showed that Japan’s current account surplus shrank for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Edges Higher As Weaker Aussie Weighs

Posted: 12 Jan 2011 12:07 AM PST

Forex Pros – The New Zealand dollar edged slightly higher against its U.S. counterpart on Wednesday but gains were limited as the ongoing weakness of the Australian dollar continued to weigh.

NZD/USD hit 0.7617 during late Asian trade, a daily high; the pair subsequently consolidated at 0.7611, easing up 0.08%.

The pair was likely to find support at 0.756, Tuesday's low and resistance at 0.7645, the high of December 10.

The Australian dollar has remained under pressure amid speculation … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Erases Losses On Lending Data But Pressures Remain

Posted: 11 Jan 2011 11:53 PM PST

Forex Pros – The Australian dollar reversed losses against its U.S. counterpart on Wednesday, rebounding from a five week low but pressures remained as the impact of huge flooding in the state of Queensland continued to weigh.

AUD/USD clawed up from 0.9804, the pair's lowest since December 9 to hit 0.9897 during late Asian trade, gaining 0.26%.

The pair was likely to find support at 0.9775, the low of December 9 and resistance at 0.9954, Tuesday's high.

Earlier in the day, official … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Home Loan Approvals Rise Unexpectedly In November

Posted: 11 Jan 2011 11:52 PM PST

Forex Pros – The number of Australian new home loan approvals rose unexpectedly in November, 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 2.5% in November, after rising by 2.2% in October, whose figure was revised up from 1.9%.

Analysts had expected the number of home loans granted to fall by 1.0% in November.

The report said that the total value of loans rose by 0.6% in November, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Advance On Commodities; Nikkei Up 0.02%

Posted: 11 Jan 2011 11:49 PM PST

Forex Pros – Asian stocks were broadly higher on Wednesday, as shares in the commodity sector led markets higher, while shares in Japanese lenders surged on speculation they will avoid stricter regulations.   

During late Asian trade, Hong Kong’s Hang Seng Index surged 1.47%, South Korea’s Kospi Composite added 0.32%, while Japan's Nikkei 225 Index climbed 0.02%.

In Japan, shares in the financial sector performed strongly amid speculation that Bank of Japan Governor Masaaki … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Rises Weakly Ahead Of Portugal Debt Auction

Posted: 11 Jan 2011 11:24 PM PST

Forex Pros – The euro rose weakly against the U.S. dollar on Wednesday, as investors grew increasingly cautious ahead of a critical Treasury bill sale by debt strapped euro zone member Portugal later in the day.

EUR/USD hit 1.3017 during late Asian trade, the pair's highest since December 7; the pair subsequently consolidated at 1.2996, easing up 0.17%.

The pair was likely to find support at 1.2872, Monday's low and a four month low resistance at 1.3169, last Thursday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: HCP, Inc. (HCP)

Posted: 11 Jan 2011 11:05 PM PST

We are changing our long-term recommendation for HCP, Inc. (NYSE:HCP) from Neutral to Outperform as we anticipate it to perform well above the broader market.
In the last 30 days, fiscal earnings estimates have been increased by most of the analysts, driven by its diversified portfolio that provides a hard-to-replicate competitive advantage over its peers. The healthcare sector is relatively immune to the downturn in the economy, and provides a steady source of income that insulates the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Kirkland's, Inc. (KIRK)

Posted: 11 Jan 2011 11:05 PM PST

The market for home decor and gifts is highly competitive. Kirkland’s (NASDAQ:KIRK) primarily competes with specialty stores, department stores, discount stores, and catalog and Internet retailers that carry merchandise in one or more categories that Kirkland’s does.
The global economic environment has been challenging for the past fifteen months. Declining real estate value, reduced lending by banks, solvency concerns of major financial institutions, increase in unemployment levels and significant … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Walgreen, Inc.

Posted: 11 Jan 2011 11:05 PM PST

Walgreen, Inc. (NYSE:WAG) just hit a new multi-year high of $41.65 after jumping higher in late December on a 15%, Q1 earnings surprise. With a discounted PE relative to its peers and bullish 16% growth projection, this Zacks #1 rank stock has a prescription for momentum.
Company Description
Walgreen Co, together with its subsidiaries, operates a chain of drug stores in the United States. The company operates 7,650 stores and has a market cap of $38 billion.
Although WAG has been trending higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Ruby Tuesday, Inc

Posted: 11 Jan 2011 11:05 PM PST

Ruby Tuesday, Inc (NYSE:RT) recently posted its ninth consecutive earnings surprise. Estimates are on the rise and are projecting solid growth for the next 2 years.
This Zacks #1 Rank (Strong Buy) also got a boost from a deal with a customer-focus consulting company to align its decisions with its customers needs.
Company Description
Ruby Tuesday, Inc. owns 676 Ruby Tuesday restaurants and has almost 200 franchise locations. The company’s footprint covers 46 stats and 15 countries.
Sales, Earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Activision Blizzard, Inc.

Posted: 11 Jan 2011 11:05 PM PST

There is no denying that video games are big business these days. For instance, Activision Blizzard, Inc. (NASDAQ:ATVI) announced that sales of its Call of Duty: Black Ops game recently topped $1 billion.
The company, which also makes other wildly popular titles like World of Warcraft, Guitar Hero, Tony Hawk and StarCraft, recently became a Zacks #2 Rank (Buy) stock.
Management recently raised its guidance for 2010 following a strong third quarter. The company also has a solid balance sheet, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Laugh Out Loud: Economy – The Good News Is …

Posted: 11 Jan 2011 11:00 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.

Laugh out Loud: Economy – the good news is … was first posted on January 12, 2011 at 9:00 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 11 Jan 2011 10:20 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.2990, up 0.12% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3021, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8308 and EUR/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Why Wednesday Is An Important Day For Gold

Posted: 11 Jan 2011 09:50 PM PST

Since I posted about the bearish volume pattern in SPDR Gold Shares (GLD) last week, gold did in fact break the MA(50), and on relatively high volume at that. In the last couple of days, gold has moved back up again and closed just below the MA(50) today, printing an interesting doji in the process. But notice the relatively low volume of this move up in the last couple of days. A failure to break the MA(50) Wednesday could signal a further, and stronger, down move and provide a nice … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The Asian Session

Posted: 11 Jan 2011 09:50 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.5627, up 0.18% at time of writing.

The pair was likely to find support at 1.5407, Friday's low, and resistance at 1.5659, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8308 and GBP/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market & ETF News Update: The Sick Man Tries To Save The Terminally Ill (EUO, FXB, FXE)

Posted: 11 Jan 2011 09:32 PM PST

It was a quiet day for ETFs and stocks in world markets as most exchange traded funds recovered recent losses amid reduced tensions in Europe.

Incredibly, Japan's intent to buy European bonds was the catalyst for the more positive atmosphere in Europe, and as the title of this article suggests, this is truly the sick man trying to save the terminally ill.

The soap opera in Europe, like every soap opera, is getting boring.  It starts with rising interest rates and credit default … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up During The Asian Session

Posted: 11 Jan 2011 09:20 PM PST

Forex Pros – The Euro was higher against the Swiss Franc on Wednesday.

EUR/CHF was trading at 1.2654, up 0.18% at time of writing.

The pair was likely to find support at 1.2433, Monday's low, and resistance at 1.2673, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.2991 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Reaches New 26-Month High On Supply Issues, Gold Continues To Rebound Off Technical Support

Posted: 11 Jan 2011 08:51 PM PST

Commodities – Energy
Crude Oil Reaches New 26-Month High on Supply Issues
Crude Oil (WTI) – $91.14 // $0.03 // 0.03%
Commentary: Crude oil rallied strongly for a second day on Tuesday due to the same factors that influenced trading in the day before. WTI added $1.86, or 2.08%, to settle at $91.11, while Brent advanced $1.91, or 2%, to settle at $97.61, a new 26-month high. Production in Alaska still remains shut-in due to a pipeline leak, but the latest news is that flows may be soon … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During The Asian Session

Posted: 11 Jan 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9740, up 0.03% at time of writing.

The pair was likely to find support at 0.9604, Friday's low, and resistance at 0.9784, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.09% to hit 1.2986 and USD/JPY falling 0.15% 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: 11 Jan 2011 08:20 PM PST

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

EUR/GBP was trading at 0.8314, down 0.04% at time of writing.

The pair was likely to find support at 0.8285, Monday's low, and resistance at 0.8426, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.21% to hit 1.3001 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During The Asian Session

Posted: 11 Jan 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.

USD/JPY was trading at 83.18, down 0.09% at time of writing.

The pair was likely to find support at 82.67, Monday's low, and resistance at 83.69, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.25% to hit 1.3007 and GBP/USD rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Supply Concerns To Boost Crude Oil ETFs

Posted: 11 Jan 2011 07:18 PM PST

Supply concerns pushed crude futures contacts north of $90 per barrel on Tuesday, providing positive price support to the US Oil Fund (USO), PowerShares DB Oil Fund (DBO) and the iShares Dow Jones US Oil & Gas Ex Index (IEO).
As for crude supply in the US, there are two forces that could result in a supply shock.  First, is the recent closure of the Trans Alaska Pipeline, which is an artery for oil transport to refineries on the US West Coast.  The flow through this 800-mile … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Photos: Detroit In Ruins

Posted: 11 Jan 2011 07:13 PM PST

Some awesome pictures of abandoned buildings in Detroit.

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


Forex – USD/CAD Down During The Asian Session

Posted: 11 Jan 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9886, down 0.18% at time of writing.

The pair was likely to find support at 0.9882, today's low, and resistance at 1.0005, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.24% to hit 1.3005 and GBP/USD rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Federal Tax Revenues Rising: 23% For Individuals

Posted: 11 Jan 2011 06:39 PM PST

From today’s (tomorrow?) Wall Street Journal (1/12/2011):

“It hasn’t received much, if any, media attention, but there’s some good budget news to report for a change. Federal tax revenues are rising briskly again, which should allow progress against deficits if the politicians can control their spending appetites.

The Congressional Budget Office reported last week that federal tax receipts climbed in December by $18 billion, following somewhat smaller gains in the previous two months. For … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During The Asian Session

Posted: 11 Jan 2011 06:30 PM PST

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

AUD/USD was trading at 0.9864, down 0.08% at time of writing.

The pair was likely to find support at 0.9804, Tuesday's low, and resistance at 0.9992, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.37% to hit 1.3192 and AUD/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, January 11, 2011

Posted: 11 Jan 2011 05:27 PM PST

The market began today’s session higher and was able to hold on to most of its gains even as some afternoon selling kicked in.  Breadth was decent in the market but some technical indicators are showing some cautions signals.  For instance the number of stocks above key support levels is much smaller now than back in the fall.  However, the market overall is much higher now than in the fall.  So even as the market has continued its advance many stocks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Nightmare

Posted: 11 Jan 2011 05:21 PM PST

(Image: Source.)
Many, if not most, of us who have grown up in this country have been conditioned to believe in the American Dream — that vision, as James Truslow Adams described it, of “‘a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement,’ regardless of social class or circumstances of birth.”
That was before the U.S. (and the rest of the world) got body-slammed by the worst financial crisis this century. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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