DailyMarkets.com - Economic War

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• Economic War
• Forex – Euro Down Against Pound After U.K. Manufacturing PMI
• Time To Sell Temple Inland Shares
• Macau’s December Gambling Revenue Up 66% On Year
• Forex – EUR/USD Erases Losses After Strong Euro Zone CPI Data
• Forex – GBP/USD Soars To 2-day High On Robust U.K. PMI Data
• Euro Zone CPI Rises More-than-expected In December
• Stocks To Watch On Monday: Bank Of America, Alcoa, Boeing, Exelon, Lockheed Martin, Kraft Foods
• European Stocks Gain On Global Recovery Hopes; DAX Up 0.21%
• Chart Of The Week: A Small-Cap Crude Oil Play
• Forex Trading: Eurozone CPI Flash Estimate
• Forex – Dollar Hits 4-day High Against Yen As Japanese Shares Rise
• U.K. Net Lending To Individuals Rises Less-than-expected
• U.K. Manufacturing PMI Rises Unexpectedly In December
• Forex – Dollar Mixed Vs. Rivals As Risk Appetite Returns
• German Unemployment Change Rises Unexpectedly In December
• Forex – NZD/USD Hits 3-day Low Amid Profit Taking
• Forex – AUD/USD Tumbles To 5-day Low On Flooding Worries
• Forex – GBP/USD Slips To Daily Low Against Broadly Stronger Dollar
• Asia Stocks Broadly Higher On Optimistic U.S. Outlook; Nikkei Up 1.65%
• Goldman’s Bullish Outlook
• JPM’s Lee: Investing For The Next Decade
• China’s December 2010 PMIs: Signalling A Slowdown?
• Paul Kasriel: 2011 Economic Outlook – Credit Given Where Credit Is Due
• U.S. Debt In The Limelight
• Doll’s 2011 Portfolio Review
• Forex – EUR/USD Dips On Signs Of U.S. Economic Recovery
• Bull Of The Day: Joy Global, Inc. (JOYG)
• Bear Of The Day: Quanta Services (PWR)
• Momentum Stock: Oil States International, Inc.
• Growth & Income Stock: Great Lakes Dredge & Dock Corporation
• Aggressive Growth Stock: International Rectifier Corp
• Forex Trading: Gbp/Usd Threatening To Break Lower
• 100 Things To Watch In 2011
• Forex – EUR/USD Down During The Asian Session
• India Price Hikes Loom Up Inflation
• Laugh Out Loud: Gold?! That’s So 2010.
• Forex – GBP/USD Down During The Asian Session
• Forex – EUR/CHF Up During The Asian Session
• Forex – USD/CHF Up During The Asian Session
• Forex – EUR/GBP Down During The Asian Session
• Three ETFs For Increased Manufacturing Activity
• Crude Oil Rises But Underperforms Equities, Gold Positioning Hints Topping
• Forex – USD/JPY Up During The Asian Session
• Forex Trading: Euro Retacement
• Stripping The News Bare
• Forex – USD/CAD Down During The Asian Session
• Singapore Stock Market Update For Tuesday 04 January
• Forex – AUD/USD Down During The Asian Session
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During The Asian Session
• As Goes The First Day, So Goes The Year?
• Inflation-Deflation Timer Model 2010 Report Card

Economic War Posted: 04 Jan 2011 03:35 AM PST Most Americans have no idea what an “economic war” is, and even fewer realize that economic warfare is being waged against the United States right now.  For generations, it has been drummed into our heads that “free trade” is always a good thing and that truly free trade will always benefit both sides in the long run.  None of our universities teach that trade can actually also be used as a brutally effective weapon of warfare and that economic warfare can bring down entire societies.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Euro Down Against Pound After U.K. Manufacturing PMI Posted: 04 Jan 2011 02:59 AM PST Forex Pros – The euro fell to a daily low against the pound on Tuesday, following a report showing that manufacturing activity in the U.K. grew at its fastest pace in 16 years in December. EUR/GBP hit 0.8563 during European morning trade, the daily low; the pair subsequently consolidated at 0.8569, shedding 0.64%. The pair was likely to find short-term support at 0.8518, the low of December 30 and resistance at 0.8646, Monday's high. The Markit/Chartered Institute of Purchasing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time To Sell Temple Inland Shares Posted: 04 Jan 2011 02:56 AM PST Temple Inland, Inc. (NYSE:TIN) has enjoyed a steady climb after bottoming out in August at around $16.00. However, TIN is now testing a major wall of resistance at $23.00, which could lead to a sizeable correction in the days ahead. Here's why.. 6-Month Resistance A major wall of resistance has developed at $23.00 over the last six months, leading to several reversals during this period of time. In fact, each test of the $23.00 level has led to retracements ranging between 11% and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Macau’s December Gambling Revenue Up 66% On Year Posted: 04 Jan 2011 02:45 AM PST Reports yesterday has just confirmed that Macau's gambling revenue in December had surged 66% from a year earlier, capping a year in which the territory's revenue from casino gambling soared 58%. This result is well above initial forecast made by both analyst and officials in 2010. This huge increase in revenue came despite Beijing and Macau officials urging the city to diversify its economy dependence on gambling and apparent efforts by the government to tame the industry … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Losses After Strong Euro Zone CPI Data Posted: 04 Jan 2011 02:38 AM PST Forex Pros – The euro erased losses against the U.S. dollar on Tuesday, rising to a two-day high after preliminary data showing inflation in the euro zone accelerated at its fastest pace in two years. EUR/USD hit 1.3417 during European morning trade, the pair's highest since December 31; the pair subsequently consolidated at 1.3397, gaining 0.28%. The pair was likely to find support at 1.3249, Monday's low and short-term resistance at 1.3423, the high of December 31. In a preliminary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Soars To 2-day High On Robust U.K. PMI Data Posted: 04 Jan 2011 02:17 AM PST Forex Pros – The pound extended early gains against the U.S. dollar on Tuesday, soaring to a two-day high after a report showing U.K. manufacturing activity grew at its fastest pace in 16 years. GBP/USD hit 1.5634 during European morning trade, the pair's highest since December 31; the pair subsequently consolidated at 1.5613, surging 0.82%. Cable was likely to find support at 1.5433, Monday's low and short-term resistance at 1.5663, the high of December 31. The Markit/Chartered … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone CPI Rises More-than-expected In December Posted: 04 Jan 2011 02:12 AM PST Forex Pros – Consumer price inflation in the euro zone was projected to rise more-than-expected in December, preliminary data showed on Tuesday. In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.2% in December, after holding steady at 1.9% in November. Analysts had expected euro zone CPI to rise by 2.0% in December. Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Monday: Bank Of America, Alcoa, Boeing, Exelon, Lockheed Martin, Kraft Foods Posted: 04 Jan 2011 02:10 AM PST BT Group – Co.'s CEO said she wants to see earnings increase by between 1% and 2% in the next two years. (FT) UK BAE Systems/EADS – France has ordered 200 air-to-air Meteor missiles for its DASSAULT AVIATION-built Rafale fighter aircraft. (RTRS) Companies paying Dividend: AMEC (GBP 0.0730), Bunzl (GBP 0.0715), Next (GBP 0.2500) US Equities finished the session higher and were largely buoyed by news that Bank of America (NYSE:BAC) (+6.33%) has announced a settlement with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Gain On Global Recovery Hopes; DAX Up 0.21% Posted: 04 Jan 2011 02:05 AM PST Forex Pros – European stocks were up on Tuesday, amid mounting optimism over the global economic recovery, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 gained 0.50%; France's CAC 40 climbed 0.48%; while Germany’s DAX added 0.21%. Shares in the financial sector performed strongly, tracking overnight gains from their counterparts in Asia and Wall Street. Shares in Europe's largest banking group BNP Paribas gained … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chart Of The Week: A Small-Cap Crude Oil Play Posted: 04 Jan 2011 02:03 AM PST The stock pickers market has returned in full effect for the last part of 2010 and I fully expect it will continue into 2011 for the time being.  The trend is up and while we have many trying to call a top nearly every day, we must not fight the trend.  Until the indices break to a lower low, we must embrace the trend and ride it while we can but, stop losses are risk management are still key.  This means you do not want to be caught fully invested and holding into a correction.  Make … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone CPI Flash Estimate Posted: 04 Jan 2011 02:01 AM PST Eurozone CPI Flash Estimate y/y came in at 2.2%, stronger than the 2.0% expected. Eur/Usd had made new highs just prior to release, trading up to 1.3408. The pair is presently at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Hits 4-day High Against Yen As Japanese Shares Rise Posted: 04 Jan 2011 02:01 AM PST Forex Pros – The U.S. dollar surged to a four-day high against the yen on Tuesday, as strong Japanese share prices weighed on demand for the safe haven currency. USD/JPY hit 82.28 during European morning trade, the pair's highest since December 29; the pair subsequently consolidated at 82.11, gaining 0.47%. The pair was likely to find support at 80.91, Monday's low and resistance at 82.46, the high of December 29. Risk sentiment was boosted after the U.S. Institute for Supply … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Net Lending To Individuals Rises Less-than-expected Posted: 04 Jan 2011 01:49 AM PST Forex Pros – Net lending to individuals in the U.K. rose less-than-expected in November, official data showed on Tuesday. In a report, the Bank of England said net lending to individuals increased by GBP0.7 billion in November, down from GBP1.5 billion in October, whose figure was revised up from GBP1.3 billion. Analysts had expected net lending to rise by GBP0.9 billion in November. The report also showed that the number of final mortgage approvals rose more-than-expected in November, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Manufacturing PMI Rises Unexpectedly In December Posted: 04 Jan 2011 01:41 AM PST Forex Pros – Manufacturing activity in the U.K. increased unexpectedly in December, rising to the highest level since September 1994, data showed on Tuesday. In a report, market research group Markit said that its U.K. manufacturing PMI rose to a seasonally adjusted 58.3 in December, after rising to 57.5 in November, whose figure was revised down from a reading of 58.0. Analysts had expected the manufacturing PMI to fall to 57.5 in December. On the index, a reading above 50.0 indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As Risk Appetite Returns Posted: 04 Jan 2011 01:13 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, as risk appetite was boosted after U.S. manufacturing data sparked renewed optimism that the U.S. economic recovery is strengthening. During European morning trade, the greenback was down against the euro, with EUR/USD easing up 0.02% to hit 1.3362. Earlier Tuesday, official data showed that the number of unemployed people in Germany rose unexpectedly in December. The greenback was also down against the pound … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German Unemployment Change Rises Unexpectedly In December Posted: 04 Jan 2011 01:01 AM PST Forex Pros – The number of unemployed people in Germany rose unexpectedly in December, official data showed on Tuesday. In a report, Germany’s Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 3K in December, after declining by -8K in November, whose figure was revised from a decline of -9K. Analysts had expected the number of unemployed people to decline by 14K in December. The report also showed that Germany's unemployment rate was unchanged … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Hits 3-day Low Amid Profit Taking Posted: 04 Jan 2011 12:52 AM PST Forex Pros – New Zealand's dollar hit a three-day low against its U.S. counterpart on Tuesday, tracking the flood hit Aussie lower and as investors sold the currency to lock in profits after recent steep gains. NZD/USD hit 0.7674 during early European trade, the pair's lowest since December 30; the pair subsequently consolidated at 0.7673, tumbling 0.73%. The pair was likely to find support at 0.7534, the low of December 29 and resistance at 0.7783, Monday's high. The Australian … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Tumbles To 5-day Low On Flooding Worries Posted: 04 Jan 2011 12:23 AM PST Forex Pros – The Australian dollar tumbled to a five-day low against its U.S. counterpart on Tuesday, as massive floods in the state of Queensland sparked concerns over the effect on the country's economy. AUD/USD hit 1.0055 during late Asian trade, the pair's lowest since December 28; the pair subsequently consolidated at 1.007, tumbling 0.94%. The pair was likely to find support at 0.9914, the low of December 21 and resistance at 1.0223, Monday's high. While the full scale of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Slips To Daily Low Against Broadly Stronger Dollar Posted: 03 Jan 2011 11:56 PM PST Forex Pros – The pound slid to a daily low against the broadly stronger U.S. dollar on Tuesday, as signs that the U.S. economic recovery is gathering momentum boosted demand for the greenback. GBP/USD hit 1.5455 during late Asian trade, the daily low; the pair subsequently consolidated at 1.5473, slipping 0.08%. Cable was likely to find support at 1.5366, the low of December 30 and resistance at 1.5583, Monday's high. On Monday, the Institute for Supply Management said its manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Broadly Higher On Optimistic U.S. Outlook; Nikkei Up 1.65% Posted: 03 Jan 2011 11:47 PM PST Forex Pros – Asian stocks posted sharp gains on Tuesday, amid growing optimism over the strength of the U.S. economic recovery, while shares in the commodity sector led markets higher. During late Asian trade, Hong Kong’s Hang Seng Index surged 0.82%, South Korea’s Kospi Composite added 0.73%, while Japan's Nikkei 225 Index jumped 1.65%. The Nikkei's gains came as shares in the energy sector performed strongly as crude oil prices hovered near a 27-month high.  Shares in Japan's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goldman’s Bullish Outlook Posted: 03 Jan 2011 11:44 PM PST An optimistic view on the economy, with Jan Hatzius, Goldman Sachs chief U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JPM’s Lee: Investing For The Next Decade Posted: 03 Jan 2011 11:43 PM PST Where to put your money over the next ten years, with Thomas Lee, JPMorgan's chief U.S. equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China’s December 2010 PMIs: Signalling A Slowdown? Posted: 03 Jan 2011 11:41 PM PST China's manufacturing PMI fell to 53.9 in December from 55.2 in the previous month, according to the China Federation of Logistics and Purchasing (CFLP). The decline can largely be ascribed to a moderation in the output index to 57.5 from 58.5 in November and a drop in the new orders index to 55.4 from 58.3. The trend is echoed by Markit's release of the HSBC Purchasing Managers Index for China for December that saw the index falling to a three-month low of 54.4 in December from 55.3 in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Paul Kasriel: 2011 Economic Outlook – Credit Given Where Credit Is Due Posted: 03 Jan 2011 11:39 PM PST Paul Kasriel, Chief Economist of Northern Trust, has just produced his annual economic forecast. Here are some of the key takeaways: The pace of economic activity is expected to accelerate in 2011 on a Q4/Q4 basis largely because of increased growth in credit created by monetary financial institutions. Housing and state/local governments are sectors that will remain a drag on economic growth. Exports are and likely will remain a star performer of the U.S. economy. Inflation, while … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Debt In The Limelight Posted: 03 Jan 2011 11:37 PM PST As Washington shortly has to decide about hiking the U.S. debt ceiling, it is of interest to do a quick review of the numbers. The chart below, courtesy of Business Insider – Clusterstock, shows the escalating U.S. debt ceiling together with the country's GDP. The GDP-to-debt ration is now 90– 100% – numbers typically associated with a sovereign debt crisis. For some more sobering reading, let's revisit the overall U.S. debt situation, as illustrated so vividly by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Doll’s 2011 Portfolio Review Posted: 03 Jan 2011 11:35 PM PST What to expect from the markets in 2011, with Bob Doll, Chief Investment Officer of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Dips On Signs Of U.S. Economic Recovery Posted: 03 Jan 2011 11:32 PM PST Forex Pros – The euro was lower against the U.S. dollar on Tuesday, dipping to a daily low after U.S. manufacturing data added to signs that the economic recovery in the U.S. is gathering pace. EUR/USD hit 1.3324 during late Asian trade, a daily low; the pair subsequently consolidated at 1.3346, shedding 0.09%. The pair was likely to find support at 1.3215, the low of December 30 and resistance at 1.3423, the high of December 31. On Monday, the Institute for Supply Management said its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Joy Global, Inc. (JOYG) Posted: 03 Jan 2011 11:05 PM PST We are encouraged by the long-term fundamentals of the mining industry, which provides Joy Global (NASDAQ:JOYG) with substantial growth potential as conditions improve in the U.S., China and India. The company ended fiscal 2010 with a positive earnings surprise on strong overseas sales growth. Along with a robust 2011 outlook and improving mining industry fundamentals, this outperformance has pulled up the company’s forward estimates. Additionally, management’s impressive cost-structuring … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Quanta Services (PWR) Posted: 03 Jan 2011 11:05 PM PST We are downgrading our Neutral recommendation on Quanta Services (NYSE:PWR) to Underperform with a $18 target price. The company’s customers and demand for its services continue to be negatively impacted by the generally slow economy. The company has pursued its strategy of avoiding low-margin work. The company experienced slow growth in the first nine months of 2010 and provided a weaker revenue and EPS guidance for the remainder of the year. Our long-term Underperform recommendation on the stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Oil States International, Inc. Posted: 03 Jan 2011 11:05 PM PST Oil States International, Inc. (NYSE:OIS) recently hit a new all-time high at $65.98 as crude jumps above $90 on a bullish outlook for 2011. With a Q3 earnings surprise of 14% and a 33% next-year growth projection, this Zacks #1 rank stock provides a nice boost to Company Description Oil States International, Inc., through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. The company was founded in 1995 and has a market cap of $3.29 billion. Energy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Great Lakes Dredge & Dock Corporation Posted: 03 Jan 2011 11:05 PM PST Great Lakes Dredge & Dock Corp (NASDAQ:GLDD) recently reported its third consecutive earnings surprise driven by strong sales growth and an expanding gross margin. The stock has been soaring over the last few months, but because earnings estimates have been rising too, valuation still looks attractive. It is a Zacks #2 Rank (Buy) stock. Operating Income Up 216% Great Lakes Dredge & Dock reported third quarter total revenue growth of 24% over the same quarter in 2009. Much of this increase … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: International Rectifier Corp Posted: 03 Jan 2011 11:05 PM PST International Rectifier Corp (NYSE:IRF) continues to see strong growth in several key industries. After its latest earnings surprise, estimates soared pushing growth rates sky-high. This Zacks #1 Rank (Strong Buy) is trading around 15 times forward estimates, so you don’t have to worry about overpaying either. Company Description International Rectifier Corp makes analog, digital and other power management products. Manufacturers used the items in computers, appliances, lighting, autos, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Gbp/Usd Threatening To Break Lower Posted: 03 Jan 2011 10:27 PM PST Gbp/Usd is currently trading below its 1000 hour M/A of 1.5470, which also lies at the bottom of an area which the pair has failed to break below several times in recent trading. The 200 hour M/A lies at 1.5445. A break below may bring us to 1.5366, which would signify a full retracement of move up from 12/30. With the European session upon us a push through is very … [visit site to read more] or compare Best Credit Cards and Best CD Rates

100 Things To Watch In 2011 Posted: 03 Jan 2011 10:20 PM PST As part of JWT's annual forecast, the firm has just produced a presentation on "100 Things to Watch in 2011". The items on the list have the potential to drive or shape trends in the near future, according to JWT. Enjoy! View more presentations from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 03 Jan 2011 10:20 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3341, down 0.14% at time of writing. The pair was likely to find support at 1.3219, Thursday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8628 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

India Price Hikes Loom Up Inflation Posted: 03 Jan 2011 10:10 PM PST Rising fuel and food prices in India are reviving inflation fears in India. During the past year, the nation's food price index rose 12.13%. High food inflation has dislodged state governments in the past. India's Congress party that leads the ruling coalition has to come up with a solution before the partial state elections later this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Gold?! That’s So 2010. Posted: 03 Jan 2011 10:00 PM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session Posted: 03 Jan 2011 09:50 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5473, down 0.10% at time of writing. The pair was likely to find support at 1.5368, Thursday's low, and resistance at 1.5664, Friday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8628 and GBP/JPY rising 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up During The Asian Session Posted: 03 Jan 2011 09:20 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.2500, up 0.23% at time of writing. The pair was likely to find support at 1.2404, Thursday's low, and resistance at 1.2572, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.3355 and EUR/JPY rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session Posted: 03 Jan 2011 08:50 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9356, up 0.23% at time of writing. The pair was likely to find support at 0.9301, Friday's low, and resistance at 0.9450, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.3355 and USD/JPY rising 0.45% 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: 03 Jan 2011 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Tuesday. EUR/GBP was trading at 0.8619, down 0.08% at time of writing. The pair was likely to find support at 0.8519, Thursday's low, and resistance at 0.8648, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.08% to hit 1.3349 and EUR/JPY rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three ETFs For Increased Manufacturing Activity Posted: 03 Jan 2011 08:18 PM PST The US economy continues to show signs of improvement, reinforcing signs that economic expansion is gaining momentum and an economic recovery is likely sustainable giving positive support to the iShares Dow Jones US Industrials (IYJ), the Vanguard Materials ETF (VAW) and the PowerShares DB Base Metals (DBB). Most recently, the Institute for Supply Management's index jumped to a 57 last month from 56.6 in November, indicating yet another consecutive month of expansion.  Furthermore, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Rises But Underperforms Equities, Gold Positioning Hints Topping Posted: 03 Jan 2011 07:51 PM PST Commodities – Energy Crude Oil Rises but Underperforms Equities Crude Oil (WTI) – $91.71 // $0.33 // 0.36% Commentary: Crude oil hit a fresh 26-month high on Monday before falling back to settle up only $0.17, or 0.19%, to $91.55. Oil's price action is best characterized as a grind higher, though we did see a noticeable underperformance relative to equities in the latest session. The S&P 500 rose by 1.1% to reach a 27-month high of its own. With sentiment so bullish, risk assets have a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session Posted: 03 Jan 2011 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 81.88, up 0.18% at time of writing. The pair was likely to find support at 80.94, Monday's low, and resistance at 81.95, today's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.09% to hit 1.3372 and GBP/USD rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Retacement Posted: 03 Jan 2011 07:39 PM PST The EUR/USD pair rallied to end the year as a thin market helped the bulls propel the pair toward the 38.2% retracement of the move from this past summer. However, getting through this level where we also see the 100 day moving average should be trickier as the sovereign debt issues looms in Europe and the growth forecast for the US is more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stripping The News Bare Posted: 03 Jan 2011 07:16 PM PST I consider myself a realist. However, I’m sure others would say I’m permabear, an alarmist, a man who only sees half-empty glasses, an individual who is either unwilling or unable to see the silver lining behind the clouds. Who knows, maybe they’re right. But even so, that won’t stop me from calling things as I see them. Yes, there are some developments that look, superficially at least, like good news. But if you dig even a little bit deeper, it seems that more often than not nowadays there … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session Posted: 03 Jan 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9919, down 0.19% at time of writing. The pair was likely to find support at 0.9888, Monday's low, and resistance at 1.0023, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.03% to hit 1.3356 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 04 January Posted: 03 Jan 2011 07:04 PM PST Morning Highlights Singapore Shares supported by Wall Street overnight gains edge up, with STI up 12.79 points to open at 3248.56. Olam broke 3.24 Watch out for Economic News Today: Singapore Electronics Sector Index (Dec) News Updates: U.S December ISM Manufacturing rose to 57 from 56.6 in November. Construction spending increased 0.4% in November, Commerce Department figures showed today Corporate Announcements: OCBC announced the completion of the merger of PT Bank OCBC … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 03 Jan 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0142, down 0.26% at time of writing. The pair was likely to find support at 1.0119, Thursday's low, and resistance at 1.0255, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.12% to hit 1.3157 and AUD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 03 Jan 2011 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3337, down 0.17% at time of writing. The pair was likely to find support at 1.3219, Thursday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8610 and EUR/JPY falling 0.02% 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: 03 Jan 2011 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Tuesday. EUR/JPY was trading at 109.18, down 0.02% at time of writing. The pair was likely to find support at 107.62, Thursday's low, and resistance at 109.28, today's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.18% to hit 1.3336 and EUR/GBP falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

As Goes The First Day, So Goes The Year? Posted: 03 Jan 2011 03:44 PM PST Nothing personal but it was great taking a little break from writing the blog for the past week or so. But it wasn’t as exciting as today’s first day of trading in 2011 gain of 1.13%. Which leads me to a statistic I head this morning on CNBC. Someone said that there’s a “near perfect correlation” between the first day of trading each year with how the trading for the whole next year will end up. In other words, if the first day ends up then the year will end up. Well that sounded unbelievable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Inflation-Deflation Timer Model 2010 Report Card Posted: 03 Jan 2011 12:07 AM PST As 2010 has come to an end, I would like to review the record of the Inflation-Deflation Timer Model for the year. The chart below shows the cumulative returns of different asset classes, with December 31, 2000 indexed at 100. The red line represents commodity returns, as measured by the Reuters/Jeffries CRB Index, the black line equities, the S&P/TSX 60, and the blue line the US long Treasury bond. The shaded areas are the signals of the Inflation-Deflation Timer Model, as disseminated in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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