Sunday, January 9, 2011

DailyMarkets.com - Forex – USD/JPY Weekly Outlook: January 10-14

DailyMarkets.com - Forex – USD/JPY Weekly Outlook: January 10-14


Forex – USD/JPY Weekly Outlook: January 10-14

Posted: 09 Jan 2011 02:45 AM PST

Forex Pros – Last week saw the U.S. dollar rally against the yen, rising to a 12-day high, amid expectations that U.S. government data would show strong job creation in December before trimming gains following Friday's disappointing payrolls report.

USD/JPY hit 83.68 on Friday, the pair's highest since December 22; the pair subsequently consolidated at 83.11 by close of trade, jumping 2.29% over the week.

The pair is likely to find support at 81.87, the low of January 5 and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Weekly Outlook: January 10-14

Posted: 09 Jan 2011 01:59 AM PST

Forex Pros – Last Friday saw the euro tumble to its lowest level in four months against the U.S. dollar, as concerns over the euro zone economy outweighed worse-than-expected U.S. employment data.

Earlier in the week, the dollar rallied broadly on expectations that U.S. government data would show strong job creation in December, after expectations were boosted by Wednesday's jump in ADP non farm payrolls.

Friday's U.S. Labor Department report showed that non-farm payrolls rose by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets In Review (January 3–7, 2011)

Posted: 08 Jan 2011 11:00 PM PST

The past week's performance of the major asset classes is summarized in the chart below – a set of numbers indicating a rather mixed-up picture, reflecting investor sentiment vacillating between "risk-on" and "risk-off" trades. Notwithstanding a weak, or should I say "fatigued", close, the S&P 500 Index and corporate bonds ended the week higher. On the other side of the performance spectrum, the U.S. dollar gained handsomely, triggering selling pressure for gold and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Max Kaiser: Face To Face With Karl Denninger

Posted: 08 Jan 2011 10:55 PM PST

Max Keiser's guest this week is Karl Denninger who is the founder of market-ticker.org. Karl gives some predictions on the US economy for 2011. He is downbeat and forecasts a terrible year for housing, banking and a myriad of other sectors. He says Europe would disintegrate and the euro would decline to parity with the U.S. dollar. China would also break the peg and would see a rise in commodity prices, bubble assets and less exports to the U.S.
Part 1

Part 2

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


Sentiment Signals: A Call For Caution

Posted: 08 Jan 2011 10:40 PM PST

The results of the AAII Investor Sentiment Survey are shown in the graphs below. The Survey measures the percentage of individual investors who are bullish, bearish or neutral on stock market for the next six months. As the masses are usually on the wrong side of market movements, particularly at tops and bottoms, sentiment indicators fulfil a useful function as contrarian indicators.
The bullish sentiment (55.9%) and bearish sentiment (18.3%) readings are at fairly extreme levels, as also seen … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Live Master Class With Trader Vic

Posted: 08 Jan 2011 10:35 PM PST

I thought some my New York-based readers might be interested in attending a master class presented by highly-acclaimed trader Victor Sperandeo, aka Trader Vic.
Sperandeo has over 40 years' experience trading both independently and for the likes of George Soros and Leon Cooperman. He has also authored three books detailing his philosophy: "Trader Vic – Methods of a Wall Street Master", "Trader Vic II – Principles of Professional Speculation and "Trader Vic on Commodities: The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Has The U.S. Lost Control Of It’s Debts?

Posted: 08 Jan 2011 10:30 PM PST

Has America lost control of it's debts, with President Obama not cutting spending in any meaningful way, and the military and "TSA" spending spiralling upwards?
The question is, how much longer will China and net creditors continue to bankroll the wasteful spending, and if the USA will default on it's debts, further crippling it's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Is Not In A Bubble, Says David Morgan

Posted: 08 Jan 2011 10:20 PM PST

In this edition of Financial Sense Newshour, Jim Puplava interviews David Morgan, author of the The Morgan Report, on the outlook for precious metals, focusing specifically on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Week Ahead

Posted: 08 Jan 2011 10:02 PM PST

The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
U.S.: Auto show, Intel
The U.S. market will gauge the health of the car industry with the Detroit auto show. Also, Intel's quarterly earnings will be reported and a slate of economic data will roll out next week.

Europe: Retailers in focus
Retailers Tesco, Carrefour and Sainsbury are giving updates. On the economic front, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Laugh Out Loud: If I Only Had …

Posted: 08 Jan 2011 10:00 PM PST

Looking For A Bounce In Miners

Posted: 08 Jan 2011 07:05 PM PST

Last week was brutal for mining stocks as gold plummeted some $72 before coming to rest at $1,368 and a loss of $54 for the week.  I think the bounce off Friday morning’s $1,352 low should continue into the early part of this upcoming week.

This chart, a 4 hour snap of the SPDR Gold Trust (GLD), shows us a True Strength Index (TSI) indicator reading that is severely oversold and likely to foreshadow a bounce in price. The Derivative Oscillator is shown with the actual oscillator … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lots Of Orange

Posted: 08 Jan 2011 06:47 PM PST

The Atlantic has put together a visually arresting, three-color graphic that shows just how much the world has changed since the onset of the Great Recession. Here is a brief snippet from “How the Recession Changed Us.”
 
I wonder if they ran out of orange ink?
(To see the full infographic, click … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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