DailyMarkets.com - Economy News Nightmare: 20 Things You Shouldn’t Read If You Do Not Want To Become Very Angry

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• Economy News Nightmare: 20 Things You Shouldn’t Read If You Do Not Want To Become Very Angry
• U.S. Stock Market Outlook: The Good, Not So Good, Bad & Ugly
• Forex – EUR/JPY Eases Off 9-week High On Profit Taking, Soft Data
• Stocks To Watch On Monday: Apple, General Electric, Bank Of America, Google, General Motors, Boeing, Sara Lee, Barclays, Vodafone, Lloyds, Sanofi-Aventis
• Forex – USD/CHF Advances To Daily High As Euro Zone In Focus
• Forex Trading: Eurozone Industrial Orders
• Euro Zone Industrial New Orders Rise Less-than-expected
• European Stocks Decline As Philips Tumbles; DAX Down 0.44%
• Forex – Dollar Broadly Higher Vs. Rivals As Euro Rally Ebbs
• Forex Trading: USD/CAD Trading At 50% Line On Hourly
• Forex – Pound Softens Against Dollar Amid BoE Rate Hike Doubts
• Euro Zone Flash Manufacturing PMI Declines Unexpectedly
• Forex Trading: Euro Zone PMI
• Forex – USD/JPY Gains Ground After Soft Euro Zone Data
• German Flash Manufacturing PMI Declines Unexpectedly
• Forex – NZD/USD Moves Higher In Thin Holiday Trade
• Australia PPI Rises Less-than-expected In Q4
• Forex – AUD/USD Edges Higher As Weak Inflation Data Weighs
• Asia Stocks Broadly Higher On Earnings Optimism; Nikkei Up 0.69%
• Forex – EUR/USD Backs Off 9-week High As Euro Zone Data Eyed
• Momentum Stock: CNH Global NV
• Bear Of The Day: Skechers U.S.A. (SKX)
• Bull Of The Day: Walgreen Company (WAG)
• Aggressive Growth Stock: SXC Health Solutions
• Growth & Income Stock: Aqua America, Inc.
• Crude Oil Remains Near Two-Year Highs, Gold Tries To Regain Its Footing
• International Study: Most Affordable Housing? Saginaw, MI. Least Affordable Housing? Hong Kong
• How To Adapt Your Investing Approach To Changing Market Cycles With Eden Rahim, Portfolio Manager At Jov Investment Inc.
• USD/JPY’s Reward To Risk For Long Position
• USD/JPY Might Be In A Bullish Continuation Towards 84.50
• EUR/USD Short-term Elliott Wave Count; Engulfing Pattern
• Mexico Central Bank Holds Benchmark Rate At 4.5%
• Reserve Bank Of South Africa Holds Interest Rate At 5.5%
• Turkey Central Bank Cuts Benchmark Rate 25bps To 6.25%

Economy News Nightmare: 20 Things You Shouldn’t Read If You Do Not Want To Become Very Angry Posted: 24 Jan 2011 03:35 AM PST Today America is very, very frustrated.  In fact, we probably have not seen this level of anger in the country since World War 2 ended.  So why are so many Americans so frustrated and so angry right now?  Well, for most Americans it comes down to the economy.  Very few things are more frustrating than not being able to find a job that will enable you to pay the mortgage and feed your family.  Middle class Americans that do have a little bit of money are digging into their savings and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Market Outlook: The Good, Not So Good, Bad & Ugly Posted: 24 Jan 2011 03:01 AM PST Depending what type of trader you are and what you focus on the most for trading you could be either bullish or bearish on the stock market right now. The charts below show how the Dow Jones Industrial Average is bullish while the Small-Cap Russell 2K is bearish. Options expiration last week really mixed the market up as the market makers and the big money players manipulate stock prices in their favor. Let's take a look at the charts… DIA (DIA) – Dow Jones Industrial Average … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Eases Off 9-week High On Profit Taking, Soft Data Posted: 24 Jan 2011 02:50 AM PST Forex Pros – The euro softened against the yen on Monday, amid profit taking after the single currency climbed to a nine-week high and after data painted an uneven picture of the recovery in the euro zone. EUR/JPY hit 112.28 during European morning trade, the daily low; the pair subsequently consolidated at 112.4, shedding 0.05%. The pair was likely to find support at 111.61, Friday's low and short-term resistance at 112.67, the days high and a nine-week high. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Monday: Apple, General Electric, Bank Of America, Google, General Motors, Boeing, Sara Lee, Barclays, Vodafone, Lloyds, Sanofi-Aventis Posted: 24 Jan 2011 02:48 AM PST Equities finished mixed, with notable underperformance observed in the technology sector as investors digested news that Google (NASDAQ:GOOG) (-2.38%) CEO is to be replaced by co-founder Larry Page. Still, the move higher was led by the industrials and oil & gas sectors, after solid earnings report from General Electric (NYSE:GE) (+7.11%) offset less than impressive earnings update from the banking giant Bank of America (NYSE:BAC) (-1.99%). There was little in terms of fresh, which led to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Advances To Daily High As Euro Zone In Focus Posted: 24 Jan 2011 02:30 AM PST Forex Pros – The broadly stronger U.S. dollar advanced against the Swiss franc on Monday, as the euro's recent rally ebbed amid profit taking and as data painted a mixed picture of the recovery in the euro zone. USD/CHF hit 0.9624 during European morning trade, the daily high; the pair subsequently consolidated at 0.9593, gaining 0.11%. The pair was likely to find support at 0.9526, last Thursday's low and a two-week low and resistance at 0.9686, Friday's high. Preliminary data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone Industrial Orders Posted: 24 Jan 2011 02:15 AM PST EZ Industrial Orders increased by 2.1% from last month. A 2.3% increase was expected. Eur/Usd currently trades at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Industrial New Orders Rise Less-than-expected Posted: 24 Jan 2011 02:05 AM PST Forex Pros – Industrial new orders in the euro zone rose less-than-expected in November, official data showed on Monday. In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 2.1% in November, after rising by 1.4% in October. Analysts had expected industrial new orders to rise by 2.3% in November. The report also showed that the annualized rate of industrial new orders in the euro zone rose more-than-expected, increasing by 19.9% in November, after rising by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Decline As Philips Tumbles; DAX Down 0.44% Posted: 24 Jan 2011 01:57 AM PST Forex Pros – European stock markets were broadly lower on Monday, as shares in consumer electronics giant Philips led markets lower, while U.S. futures indexes pointed to a lower open on Wall Street. During European morning trade, the EURO STOXX 50 dipped 0.25%, France's CAC 40 shed 0.18%, while Germany’s DAX was down 0.44%. Shares in consumer electronics giant Philips tumbled 6.49% after it reported lower-than-expected fourth quarter earnings, despite seeing an 84% jump in fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher Vs. Rivals As Euro Rally Ebbs Posted: 24 Jan 2011 01:30 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as the euro's rally petered out amid heightened political uncertainty in Ireland and after soft euro zone PMI data. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.44% to hit 1.3559. On Saturday, Irish Prime Minister Brian Cowen said that he would step down as the leader of the Fianna Fail party. Meanwhile, earlier Monday preliminary data showed that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/CAD Trading At 50% Line On Hourly Posted: 24 Jan 2011 01:18 AM PST Looking at the hourly chart, the pair made a turnaround once reaching the 200 hour moving average on Friday. It traded up to the 50% fibo line on the move from January 19th lows to 20th highs, but then retreated lower where it found some support from the 100 hour moving average. After some buying it is now back at the 50%, but with little momentum. Further moves higher could see the pair trade at .9975, but resistance could find it back towards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Pound Softens Against Dollar Amid BoE Rate Hike Doubts Posted: 24 Jan 2011 01:11 AM PST Forex Pros – The pound eased against the U.S. dollar on Monday, as investors took profits after the currency hit a two-month high last week and as doubts over whether the Bank of England would increase interest rates in the near term grew. GBP/USD hit 1.5942 during European morning trade, the daily low; the pair subsequently consolidated at 1.5966, shedding 0.2%. Cable was likely to find support at 1.5866, Friday's low and resistance at 1.6058, the high of January 18 and a two-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Flash Manufacturing PMI Declines Unexpectedly Posted: 24 Jan 2011 01:08 AM PST Forex Pros – Manufacturing activity in the euro zone declined unexpectedly in January, falling to a two-month low, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary manufacturing purchasing managers index fell to a seasonally adjusted 56.9 in January, down from 57.1 in December, whose figure was revised up from 56.8. Analysts had expected the index to hold steady at 57.1 in January. On the index, a reading above 50.0 indicates industry … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Zone PMI Posted: 24 Jan 2011 01:02 AM PST Flash manufacturing PMI – Survey: 57.1   Actual: 56.9  Prior: 57.1 Flash services PMI – Survey: 54.2   Actual: 55.2   Prior: 54.2 The EUR traded slightly higher on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Gains Ground After Soft Euro Zone Data Posted: 24 Jan 2011 12:48 AM PST Forex Pros – The broadly stronger U.S. dollar extended gains against the yen on Monday, advancing to a fresh daily high, following the release of soft euro zone PMI data which dented risk appetite. USD/JPY hit 82.91 during European morning trade, the daily high; the pair subsequently consolidated at 82.85, gaining 0.35%. The pair was likely to find support at 82.52, the day's low and short-term resistance at 83.12, last Thursday's high. Earlier in the day, preliminary data showed that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German Flash Manufacturing PMI Declines Unexpectedly Posted: 24 Jan 2011 12:37 AM PST Forex Pros – Manufacturing activity in Germany declined unexpectedly in January, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary German manufacturing purchasing managers index fell to a seasonally adjusted 60.2 in January, down from 60.7 in December, whose figure was revised down from 60.9. Analysts had expected the index to rise to 61.1 in January. A reading above 50.0 on the index indicates industry expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Moves Higher In Thin Holiday Trade Posted: 24 Jan 2011 12:20 AM PST Forex Pros – The New Zealand dollar was higher against its U.S. counterpart on Monday, amid thin trade as local markets remained closed for a public holiday to mark Wellington Anniversary day. NZD/USD hit 0.7602 during late Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 0.7587, easing up 0.19%. The pair was likely to find support at 0.7567, the days low and resistance at 0.7686, Thursday's high. The kiwi was supported by increased risk appetite … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australia PPI Rises Less-than-expected In Q4 Posted: 23 Jan 2011 11:58 PM PST Forex Pros – Producer price inflation in Australia rose less-than-expected in the fourth quarter, official data showed on Monday. In a report, the Australian Bureau of Statistics said that PPI rose by a seasonally adjusted 0.1% in the fourth quarter, after rising by 1.3% in the preceding quarter. Analysts had expected PPI to increase by 0.5% in the fourth quarter. The report showed that year-on-year PPI rose at an annualized rate of 2.7% in the fourth quarter, after rising by 2.2% in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Edges Higher As Weak Inflation Data Weighs Posted: 23 Jan 2011 11:55 PM PST Forex Pros – The Australian dollar edged higher against its U.S. counterpart on Monday, but gains were limited following official data showing that fourth quarter producer price inflation rose less-than-expected. AUD/USD hit 0.9906 during late Asian trade, the daily high; the pair subsequently consolidated at 0.9899, easing up 0.03%. The pair was likely to find support at 0.9836, Friday's low and resistance at 1.0006, Thursday's high. Earlier in the day, the Australian Bureau of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Broadly Higher On Earnings Optimism; Nikkei Up 0.69% Posted: 23 Jan 2011 11:49 PM PST Forex Pros – Asian stocks were broadly higher on Monday as market sentiment was boosted by upbeat corporate earnings reports from Wall Street, while Japanese exporters advanced on the back of a weaker yen. During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.42%, South Korea’s Kospi Composite added 0.59%, while Japan's Nikkei 225 Index climbed 0.69%. Shares in many of the big name Japanese exporters advanced after the yen weakened against the U.S. dollar, boosting the outlook … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Backs Off 9-week High As Euro Zone Data Eyed Posted: 23 Jan 2011 11:31 PM PST Forex Pros – The euro pulled back from a nine-week high against the U.S. dollar on Monday, but held above the key 1.35 level ahead of the release of euro zone PMI data later in the day. EUR/USD hit 1.3581 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3592, shedding 0.2%. The pair was likely to find support at 1.3482, Friday's low and short-term resistance at 1.3641, the day's high. The euro has been boosted by speculation that the European Central Bank … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: CNH Global NV Posted: 23 Jan 2011 11:05 PM PST CNH Global NV (NYSE:CNH) just hit a new multi-year high at $53.87 as grain prices continue to trade in elevated territory. With a strong earnings history over the last four quarters and a bullish growth projection, this Zacks #1 rank stock is harvesting momentum. Company Description CNH develops and manufactures agricultural and construction equipment worldwide. The company was founded in 1991 and has a market cap of $12 billion. The agriculture story remains hot as inventories draw down and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Skechers U.S.A. (SKX) Posted: 23 Jan 2011 11:05 PM PST Skechers U.S.A. (NYSE:SKX) third-quarter 2010 results missed the Zacks expectations for the top and bottom lines, reflecting sluggish sales trends and order cancellations. Consequently, total inventories increased 70.3% to $326.7 million, over the prior-year quarter. Management hinted that extended delivery times also led to the inventory pile-up. However, Skechers indicated that it would try to lower its inventory level over the next two quarters, while generating reasonable margins. We believe … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Walgreen Company (WAG) Posted: 23 Jan 2011 11:05 PM PST Walgreen Co. (NYSE:WAG) reported an EPS of $0.62 in the first quarter of fiscal 2011, well above both the Zacks Consensus Estimate of $0.54 and the year-ago quarter’s $0.49. The company’s strategy of slow-paced store expansion along with operating expertise has made it a leader in the retail drug store industry. We are also encouraged by the company’s progress in customer-centric retailing (CCR) rollout and cost-saving initiatives. Meanwhile, the company is trying to grab a share of the growing US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: SXC Health Solutions Posted: 23 Jan 2011 11:05 PM PST SXC Health Solutions Corp (NYSE:SNX) is setting new highs on upward estimate revisions. This Zacks #1 Rank (Strong Buy) has recently announced a very well-received acquisition. In addition, the company has an impeccable earnings history. Company Description SXC Health Solutions provides pharmacy benefit management services and healthcare IT solutions to benefit companies. Customers include health plans, employers, governments, institutional and retail pharmacies. Estimates Still Rising Over the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Aqua America, Inc. Posted: 23 Jan 2011 11:05 PM PST If only more things in life were as reliable as Aqua America, Inc. (NYSE:WTR). The water utility has consistently paid a quarterly dividend since the end of World War II and recently raised it for the 20th time in 19 years. The company has also delivered three consecutive positive earnings surprises, prompting analysts to raise their estimates. It is a Zacks #2 Rank (Buy). Third Quarter Results Third quarter earnings per share came in at 32 cents, beating the Zacks Consensus Estimate by 14%. It … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Remains Near Two-Year Highs, Gold Tries To Regain Its Footing Posted: 23 Jan 2011 08:51 PM PST Commodities – Energy Crude Oil Remains Near Two-Year Highs Crude Oil (WTI) – $89.41 // $0.30 // 0.34% Commentary: Crude oil is up modestly to kick off the new week, with WTI just above $89 and Brent sitting near 27-month highs at $98. We continue to see most light, sweet crude oil benchmarks fluctuate just under $100 as inventories draw down and markets digest the 3mmbbl/d+ demand growth from the second half of 2010. Clearly, that pace of growth has to slowdown before we can see a pause in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

International Study: Most Affordable Housing? Saginaw, MI. Least Affordable Housing? Hong Kong Posted: 23 Jan 2011 08:31 PM PST   The “7th Annual Demographia International Housing Affordability Survey: 2011″ was just released for metropolitan markets in Australia, Canada, New Zealand, U.K., U.S. and Hong Kong, based on housing and income data for the 3rd quarter of 2010 for 82 major metropolitan markets (those with more than 1,000,000 population).  “Housing Affordability” is based on the median house price divided by gross annual median household income, and here are some of the results: 1. Housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How To Adapt Your Investing Approach To Changing Market Cycles With Eden Rahim, Portfolio Manager At Jov Investment Inc. Posted: 23 Jan 2011 08:20 PM PST Markets ebb-and-flow in big cycles and your investing approach has to adapt to these changing currents. In this interview you'll learn about how markets move from decade long periods where risk is embraced to where risk must be managed. Revealing his encyclopaedic knowledge of the market history, this interview is a must read for all capital market enthusiasts. Biography: Eden Rahim, a Portfolio Manager at Jov Investment Inc, is part of the team that designed and introduced the Horizon's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY’s Reward To Risk For Long Position Posted: 23 Jan 2011 08:14 PM PST USD/JPY - If you got in long at 82.70, you stop could be some where below 82.25, like 82.10, and your target 84.40. - This gives you the reward potential of 170 pips, and a risk exposure of 60 pips. - The reward to risk ratio is 2.83:1 - This is a follow up of the previous post on USD/JPY. - Be aware of potential ressitance at 82.10. Make sure RSI breaks above 60 in 1H chart for confirmation. Is the EUR/USD going to reach higher after the current decline? We would love to hear what you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Might Be In A Bullish Continuation Towards 84.50 Posted: 23 Jan 2011 07:55 PM PST USD/JPY - The 4H chart for USD/JPY shows a rally from the 82.50 level to start the week in an engulfing pattern and a follow through candle that so far is showing bullish continuation. Still we need to close above 83.10 to confirm a bullish attempt towards 84.50. - The bullish signal actually came last week with a strong rally the has been retraced almost 50%. This is seen more clearly in the 1H chart. - The USD/JPY chart shows the market bullish. - One clue is that the RSI remains above … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Short-term Elliott Wave Count; Engulfing Pattern Posted: 23 Jan 2011 07:30 PM PST EUR/USD - There is a bit of an adjustment from recent counts I have preferred for the EUR/USD. The rally is more likely to be now in a wave (C), an appropriate count for a diagonal triangle. - There is a bearish divergence, suggesting it is indeed a terminal wave. - Wave (C) is rejected after cracking 61.8% projection of wave (A). - There is an engulfing pattern to start the week, kicked off by a marabuzo candle. - A bearish outlook in the short-term for a break below the diagonal triangle … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mexico Central Bank Holds Benchmark Rate At 4.5% Posted: 23 Jan 2011 05:43 PM PST The Board of Governors of the Banco de Mexico decided maintain the overnight interbank interest rate target at 4.5% as growth risks remain, but with upside risk to headline inflation. Mexico recorded an annual headline inflation figure of 4.4% in December 2010 (versus an inflation target of 3%) – driven primarily by rising food prices; while core inflation remains relatively … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reserve Bank Of South Africa Holds Interest Rate At 5.5% Posted: 23 Jan 2011 05:34 PM PST The Reserve Bank of South Africa maintained its main repurchase interest rate at 5.50%. The move was driven by a balance of maintaining a stimulatory policy stance to support the economic recovery and a growing recovery in consumer spending; while also being wary of rising food price inflation. South Africa recorded economic growth of 2.6% in Q3 and inflation of 3.5% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Turkey Central Bank Cuts Benchmark Rate 25bps To 6.25% Posted: 23 Jan 2011 05:26 PM PST The Central Bank of Turkey reduced the benchmark repo rate by 25 basis points to 6.25% from 6.50% in an unconventional monetary policy move designed to weaken the Lira (as opposed to the usual goal of monetary policy being about maintaining price stability and/or minimising inflation). The Bank is seeking to reduce hot capital inflows and address the current account deficit. The Bank has also signalled it may also continue to increase reserve requirements to limit loan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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