DailyMarkets.com - Food Riots 2011: World On Verge Of Major Food Crisis

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• Food Riots 2011: World On Verge Of Major Food Crisis
• Forex – EUR/GBP Tumbles To 2-day Low Ahead Of Euro Zone Meeting
• Stocks To Watch On Monday: BP, Rio Tinto, Barclays, Rolls Royce, Vodafone, RBS, Lloyds
• Forex – USD/CHF Hits Daily High As Risk Aversion Supports Dollar
• European Stocks Fall Ahead Of EU Finance Meeting; DAX Down 0.18%
• Forex – Dollar Mixed Vs. Rivals Ahead Of Euro Zone Meeting
• Forex – GBP/USD Rally Stalls At 1.5888 As Risk Aversion Weighs
• Forex – USD/JPY Trapped In Tight Range Amid Increased Risk Aversion
• Forex – NZD/USD Edges Higher As Aussie Lags Behind
• Forex – AUD/USD Slips To Daily Low After China Tightening Move
• Asia Stocks Mixed On China Tightening Measure; Nikkei Up 0.04%
• Forex – EUR/USD Hits 2-day Low Ahead Of Euro Zone Meeting
• Bear Of The Day: Morgan Stanley (MS)
• Bull Of The Day: Vale S.A.
• Growth & Income Stock: Pall Corporation
• Aggressive Growth Stock: Wyndham Worldwide
• Momentum Stock: Watts Water Technologies, Inc.
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down During The Asian Session
• Forex – EUR/CHF Down During The Asian Session
• IBM’s Supercomputer Watson Wins Jeopardy
• Crude Oil Steady Ahead Of U.S. Holiday, Gold Bounces Off Technical Support
• Forex – USD/CHF Up During The Asian Session
• Don’t Blame Greed For The Housing Bubble; That Would Be Like Blaming Gravity For Plane Crashes
• Two ETFs Likely To Be Hit By Increased Foreclosures
• Two Coal ETFs Impacted By Australian Floods
• Forex – EUR/GBP Down During The Asian Session
• Singapore Stock Market Update For Monday 17 January
• Test Your Civics IQ
• Forex – USD/JPY Up During The Asian Session
• Forex – USD/CAD Down During The Asian Session
• The Changing Meaning Of Medical Insurance, And How 3rd Party Payments Distorted U.S. Medicine
• Forex – AUD/USD Down During The Asian Session
• Forex – GBP/CHF Down During The Asian Session
• Forex – EUR/USD Down During The Asian Session
• Martin Luther King Day

Food Riots 2011: World On Verge Of Major Food Crisis Posted: 17 Jan 2011 03:35 AM PST The stunningly violent food riots in Tunisia and Algeria show just how quickly things can change.  Just a few months ago, these two northern Africa nations were considered to be very stable, very peaceful and without any major problems.  But now protesters are openly squaring off with police in the streets.  Many of the protesters are throwing “fire bombs” or are shooting fireworks at the authorities, and the police are responding with a tremendous amount of violence themselves. In … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Tumbles To 2-day Low Ahead Of Euro Zone Meeting Posted: 17 Jan 2011 02:53 AM PST Forex Pros – The euro tumbled to a two day low against the pound on Monday, amid uncertainty ahead of a meeting of euro zone finance ministers to discuss a bigger debt safety net. EUR/GBP hit 0.835 during European morning trade, the pair's lowest since Thursday; the pair subsequently consolidated at 0.8358, plunging 0.9%. The pair was likely to find support at 0.8312, Thursday's low and resistance at 0.8434, the day's high. European finance ministers were to meet in Brussels later … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Monday: BP, Rio Tinto, Barclays, Rolls Royce, Vodafone, RBS, Lloyds Posted: 17 Jan 2011 02:44 AM PST UK Insurers – Lloyd's of London will press regulators to reduce the amount of capital insurers are to be required to hold against exposure to catastrophic events under new European rules, according to Lloyd's CEO. (FT More) UK UK Banks – John Varley, the former chief executive of Barclays (NYSE:BCS), is in the final stages of brokering a peace deal over bonuses and lending to put to the coalition to allay further public anger over the role of the banks in Britain’s financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits Daily High As Risk Aversion Supports Dollar Posted: 17 Jan 2011 02:30 AM PST Forex Pros – The U.S. dollar was up against the Swiss franc on Monday, rising to a daily high as increased risk aversion ahead of a meeting of European finance ministers boosted the dollar. USD/CHF hit 0.9676 during European morning trade, the daily high; the pair subsequently consolidated at 0.9663, gaining 0.3%. The pair was likely to find support at 0.9602, Friday's low and resistance at 0.9763, the high of January 13. European finance ministers were to meet in Brussels later Monday … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Fall Ahead Of EU Finance Meeting; DAX Down 0.18% Posted: 17 Jan 2011 02:09 AM PST Forex Pros – European stock markets were broadly lower on Monday ahead of a meeting of euro zone finance ministers in Brussels, while markets in the U.S. were to remain closed for a holiday. During European morning trade, the EURO STOXX 50 slumped 0.46%, France's CAC 40 dropped 0.35%, while Germany’s DAX was down 0.18%. Later in the day, European finance ministers were to meet in Brussels to discuss an increase in the effective lending capacity of the euro zone's bailout fund, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals Ahead Of Euro Zone Meeting Posted: 17 Jan 2011 01:33 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, ahead of a meeting of euro zone finance ministers to discuss an increase in the effective lending capacity of the euro zone's rescue fund. During European morning trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.03% to hit 1.3252. The greenback was also up against sterling with GBP/USD sliding 0.19% to hit 1.5837. Earlier Monday, data showed that a drop in the number of new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Rally Stalls At 1.5888 As Risk Aversion Weighs Posted: 17 Jan 2011 01:12 AM PST Forex Pros – The pound edged slightly lower against the U.S. dollar on Monday, after failing to breach a key resistance at 1.5888, Friday's high and a one month high. GBP/USD hit 1.5883 during European morning trade, the daily high; the pair subsequently consolidated at 1.5857, dipping 0.07%. Cable was likely to find short-term support at 1.5808, Friday's low and short-term resistance at 1.5888, Friday's high. Last week saw the pound rally more than 2% against the dollar, pushed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Trapped In Tight Range Amid Increased Risk Aversion Posted: 17 Jan 2011 12:47 AM PST Forex Pros – The dollar edged slightly higher against the yen on Monday, but the pair traded in a tight range as risk sentiment was hit after China acted to tighten monetary policy and ahead of a meeting of euro zone finance ministers. USD/JPY hit 83.01 during European morning trade, the daily high; the pair subsequently consolidated at 82.93, gaining 0.07%. The pair was likely to find support at 82.4, Friday's low and resistance at 83.45, last Wednesday's high. On Friday, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Edges Higher As Aussie Lags Behind Posted: 17 Jan 2011 12:23 AM PST Forex Pros – The New Zealand dollar edged higher against its U.S. counterpart on Monday, as the economic impact of huge floods in Australia saw investors continue to favor the kiwi. NZD/USD hit 0.7694 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7691, gaining 0.41%. The pair was likely to find support at 0.7633, Friday's low and resistance at 0.7726, the high of the same day. The Australian dollar continued to be weighed by concerns that massive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Slips To Daily Low After China Tightening Move Posted: 16 Jan 2011 11:57 PM PST Forex Pros – The Australian dollar slipped to a daily low against its U.S. counterpart on Monday, after a move by China to further tighten monetary policy dampened demand for growth linked currencies. AUD/USD hit 0.9863 during late Asian trade, the daily low; the pair subsequently consolidated at 0.9882, slipping 0.04%. The pair was likely to find support at 0.9803, the low of January 12 and a one month low and resistance at 0.9992, last Friday's high. On Friday, the People's Bank of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed On China Tightening Measure; Nikkei Up 0.04% Posted: 16 Jan 2011 11:41 PM PST Forex Pros – Asian stocks were mixed on Monday, as market sentiment was weighed after China introduced further monetary tightening measures, while Japanese exporters advanced on the back of a weaker yen. During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.54%, South Korea’s Kospi Composite shed 0.39%, while Japan's Nikkei 225 Index climbed 0.04%. On Friday, the People's Bank of China announced that it lifted lenders' reserve requirements for the fourth time in two months in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits 2-day Low Ahead Of Euro Zone Meeting Posted: 16 Jan 2011 11:28 PM PST Forex Pros – The euro was down against the U.S. dollar on Monday, dropping to a two day low, ahead of a regular meeting of euro zone finance ministers later in the day. EUR/USD hit 1.3293 during late Asian trade, the pair's lowest since last Thursday, the pair subsequently consolidated at 1.3313, shedding 0.54%. The pair was likely to find support at 1.3088, last Thursday's low and resistance at 1.3449, Friday's high. Later Monday, European finance ministers were to meet in Brussels … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Morgan Stanley (MS) Posted: 16 Jan 2011 11:05 PM PST Based on the headwinds in most of Morgan Stanley’s (NYSE:MS) businesses and given concerns related to its financials being affected by the Dodd-Frank Act in the near term as well as the implementation of Basel III in the long term, we are downgrading our recommendation on the shares to Underperform. Debt-related credit spreads had an adverse effect on third quarter revenues. Lower net interest income and weak performance of most of its business lines were also among the negatives. We believe the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Vale S.A. Posted: 16 Jan 2011 11:05 PM PST We upgrade our rating on Vale S.A. (VALE) from Neutral to Outperform based on the rising iron-ore demand in China, world’s largest iron-ore importer, and the expectations of higher iron-ore price in fiscal 2011. A decrease in Indian exports also goes in favor of Vale. We believe that the stock has a significant long-term upside potential due to the company’s position as a low-cost metal producer and also due to the improvement in the economic conditions. Vale’s huge capital budget of $24 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Pall Corporation Posted: 16 Jan 2011 11:05 PM PST Pall Corporation (NYSE:PLL) recently delivered its third consecutive positive earnings surprise on solid revenue growth and an expanding gross margin. Management also raised its guidance following the strong quarter, prompting analysts to revise their estimates higher. This sent the stock to a Zacks #1 Rank (Strong Buy). First Quarter Results Pall recently reported its results for the first quarter of 2011. Earnings per share came in at 61 cents, a 53% increase over the same quarter last year. It … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Wyndham Worldwide Posted: 16 Jan 2011 11:05 PM PST Wyndham Worldwide (NYSE:WYN) is buying up new units and building others at a frenzied pace. Shares are up, as are estimates, since is original feature back in August. Everything is going well, but is the price tag too expensive for this Zacks #2 Rank (Buy)? Company Description Wyndham Worldwide has about 7,200 hotels world wide in addition to a 3.8 million member Exchange & Rental program with more than 80,000 locations. Estimates Even Higher When I featured the company back in August, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Watts Water Technologies, Inc. Posted: 16 Jan 2011 11:05 PM PST Watts Water Technologies, Inc. (NYSE:WTS) just hit a fresh multi-year high at $37.79 after jumping higher with the market in December. With four consecutive earnings surprises and a bullish growth projection, this Zacks #1 rank stock has the right flow for momentum. Our last update on Watts came in early November when the company reported another strong quarter that came in ahead of expectations. Third-Quarter Results Revenue for the period was up 4% from last year to $315 million. Earnings also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 16 Jan 2011 10:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3334, down 0.40% at time of writing. The pair was likely to find support at 1.2962, Wednesday's low, and resistance at 1.3456, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.37% to hit 0.8405 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session Posted: 16 Jan 2011 09:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.5851, down 0.12% at time of writing. The pair was likely to find support at 1.5583, Wednesday's low, and resistance at 1.5889, Friday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.29% to hit 0.8412 and GBP/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down During The Asian Session Posted: 16 Jan 2011 09:10 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Monday. EUR/CHF was trading at 1.2856, down 0.33% at time of writing. The pair was likely to find support at 1.2582, Wednesday's low, and resistance at 1.2952, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.38% to hit 1.3337 and EUR/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM’s Supercomputer Watson Wins Jeopardy Posted: 16 Jan 2011 09:00 PM PST 01/17/10 IBM’s supercomputer competed with former Jeopardy champions in a trial run. Watson will face off for the $1 million grand prize, in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Steady Ahead Of U.S. Holiday, Gold Bounces Off Technical Support Posted: 16 Jan 2011 08:51 PM PST Commodities – Energy Crude Oil Steady Ahead of U.S. Holiday Crude Oil (WTI) – $91.07 // $0.33 // 0.36% Commentary: Crude oil is little changed in overnight trade as volume is light heading into the Martin Luther King Jr. holiday on Monday. There will be no settle until Tuesday's session when pit trading resumes, but electronic trade remains open. WTI is holding above $91, while Brent holds just under $99. The Trans-Alaska Pipeline is tentatively scheduled to be restarted later today, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session Posted: 16 Jan 2011 08:40 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.9642, up 0.07% at time of writing. The pair was likely to find support at 0.9606, Friday's low, and resistance at 0.9764, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.34% to hit 1.3342 and USD/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Don’t Blame Greed For The Housing Bubble; That Would Be Like Blaming Gravity For Plane Crashes Posted: 16 Jan 2011 08:28 PM PST  From “The House That Uncle Sam Built: The Untold Story of the Great Recession,” by Pete Boetke and Steve Horwitz: “The Fed's low interest rates, combined with Fannie and Freddie's government-sponsored purchases of mortgages, made it highly and artificially profitable to lend to anyone and everyone. The banks and mortgage companies didn't need to be any greedier than they already were. When banks saw that Fannie and Freddie were willing to buy virtually any loan made to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Two ETFs Likely To Be Hit By Increased Foreclosures Posted: 16 Jan 2011 08:17 PM PST Despite a slowdown in foreclosure filings in December 2010, Irvine-based real estate database seller and tracker, RealtyTrac, expects the number of US households receiving foreclosure notices to significantly jump in 2011, putting additional stress on the US economy, homebuilders and the SPDR S&P Homebuilders (XHB) and the PowerShares Dynamic Building & Construct (PKB). The total number of foreclosure filings in December totaled 257,747, marking the lowest monthly tally since June … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Two Coal ETFs Impacted By Australian Floods Posted: 16 Jan 2011 08:17 PM PST Australia is currently witnessing the worst flooding that it has seen in over thirty years, causing many open pit coal mines and railway links to submerge having a major impact on coal supply. The excessive rainfall and flooding has resulted in the closures of many of Australia's businesses, with the most recent announcement of New Hope, the Sydney-listed thermal coal miner, announcing that it was suspending operations.  In fact, the floods have influenced the operations of more than 40 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session Posted: 16 Jan 2011 08:10 PM PST Forex Pros – The Euro was lower against the British Pound on Monday. EUR/GBP was trading at 0.8415, down 0.25% at time of writing. The pair was likely to find support at 0.8300, Wednesday's low, and resistance at 0.8498, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.35% to hit 1.3340 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Monday 17 January Posted: 16 Jan 2011 08:07 PM PST Morning Highlights Singapore STI headed lower after a positive open at 3255.65, as mainland Chinese banks and property developers dropped on news. Currently, market is suffering from the post cooling effect on our local property sector. Global News: China stocks traded sharply lower with banking shares plunged following Beijing’s latest increase to required reserves. At the midday break, the Shanghai Composite was down 2.1% at 2,732.75, with Industrial & Commercial Bank of China Ltd 2.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Test Your Civics IQ Posted: 16 Jan 2011 07:53 PM PST Are you more knowledgeable than the average citizen? The average score for all 2,508 Americans taking the following Civics test was 49%; college educators scored 55%. Can you do better?  The 33 questions on this Civics Quiz were taken from the 2008 Civic Literacy exam. HT: Mike … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session Posted: 16 Jan 2011 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 82.90, up 0.03% at time of writing. The pair was likely to find support at 82.41, Friday's low, and resistance at 83.46, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.34% to hit 1.3343 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session Posted: 16 Jan 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9886, down 0.26% at time of writing. The pair was likely to find support at 0.9848, Wednesday's low, and resistance at 0.9978, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.35% to hit 1.3341 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Changing Meaning Of Medical Insurance, And How 3rd Party Payments Distorted U.S. Medicine Posted: 16 Jan 2011 06:59 PM PST From Milton Friedman’s excellent 2001 article “How to Cure Health Care”:  “We have become so accustomed to employer-provided medical care that we regard it as part of the natural order. Yet it is thoroughly illogical. Why single out medical care? Food is more essential to life than medical care. Why not exempt the cost of food from taxes if provided by the employer? Employer financing of medical care has caused the term insurance to acquire a rather different meaning in medicine than in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 16 Jan 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 0.9875, down 0.12% at time of writing. The pair was likely to find support at 0.9821, Wednesday's low, and resistance at 1.0019, Thursday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.24% to hit 1.3509 and AUD/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Down During The Asian Session Posted: 16 Jan 2011 06:05 PM PST Forex Pros – The British Pound was lower against the Swiss Franc on Monday. GBP/CHF was trading at 1.5281, down 0.06% at time of writing. The pair was likely to find support at 1.5129, Wednesday's low, and resistance at 1.5372, Thursday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.12% to hit 1.5852 and EUR/GBP falling 0.18% 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: 16 Jan 2011 05:35 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3342, down 0.34% at time of writing. The pair was likely to find support at 1.2962, Wednesday's low, and resistance at 1.3456, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8420 and EUR/JPY falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Martin Luther King Day Posted: 16 Jan 2011 05:32 PM PST I gave this speech in Sulphur Springs, Texas, on Martin Luther King Day, 2006. I was invited by a group of churches in East Texas meeting together in a larger facility. The invitation came through Texas A&M Commerce, one of the universities in The Texas A&M System, where I was Chancellor at the time. Bob McTeer Martin Luther King Sulphur Springs, Texas, 2006 It's an honor to be invited to talk about Martin Luther King on Martin Luther King Day. But, frankly, I don't know why you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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