Tuesday, January 25, 2011

DailyMarkets.com - Paper Money Madness: Inflation-Fueled Economic Growth Doesn’t Indicate That An Economy Is Getting Stronger

DailyMarkets.com - Paper Money Madness: Inflation-Fueled Economic Growth Doesn’t Indicate That An Economy Is Getting Stronger


Paper Money Madness: Inflation-Fueled Economic Growth Doesn’t Indicate That An Economy Is Getting Stronger

Posted: 25 Jan 2011 03:35 AM PST

If the U.S. economy “grows” by 4 percent in 2011, but by the end of the year we are paying $3.00 for a loaf of bread, $4.00 for a gallon of milk and $5.00 for a gallon of gasoline are the American people going to be better off economically or worse off?  The answer is obvious, but most “experts” in the mainstream media continue to insist that as long as U.S. GDP is increasing and as long as the stock market is going up that our economy is improving.  But that is just not the case.  If … [visit site to read more] or compare Best Credit Cards and Best CD Rates


China: A Tale of Two (Jekyll And Hyde) Videos

Posted: 25 Jan 2011 03:25 AM PST

China may be summarized in the following two contrasting videos – surface prosperity with dangerous undercurrents.

The first one is a 60-second film about China running at New York’s Times Square from Jan. 17 to Feb. 14, meant to coincide with Chairman Hu Jintao's arrival to the U.S. It is part of a multi-billion dollar campaign to renovate China’s public image. (embeded from YouKu.com which is a lot cleaner than the youtube version.)

The second video, on the other hand, is quite … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch On Tuesday: Nvidia, American Express, Texas Instruments, Amgen, First Solar, CSX, GlaxoSmithKline, Vodafone, Siemens, Total

Posted: 25 Jan 2011 03:06 AM PST

Equities finished higher with the DJIA approaching the 12,000 level and the S&P 500 approaching 1,300.  A slight outperformance was seen in the NASDAQ 100, which was led by Nvidia (NASDAQ:NVDA) (+11.3%) and First Solar (NASDAQ:FSLR) (+6.10%) after positive comments from Barron's and a Goldman Sachs (NYSE:GS) upgrade, respectively. As a result, tech and industrials led the S&P 500, whilst healthcare and financials finished flat though in negative territory. Finally, at the closing bell, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mortgage: Why Can’t I Get The Good Rates I Read About?

Posted: 25 Jan 2011 03:01 AM PST

Jennifer had some explaining to do. Her mother, Marguerite, was fuming. She knew the going rate on 30-year mortgages. She read it in the paper. She made many calls and could not get that rate. Woman and age discrimination she felt. Could it be anything else?

"I just came from this lender. He had quoted the 'going rate' on the phone. I went to see him. We talked for awhile. We started the paperwork. Then he quoted me a rate one percent higher than he quoted on the phone. Angry, I … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Hits 3-week High After Shock U.K. GDP Contraction

Posted: 25 Jan 2011 02:08 AM PST

Forex Pros – The pound tumbled to a three-week low against the euro on Tuesday, after preliminary data showed that the U.K. economy contracted unexpectedly in the fourth quarter.

EUR/GBP hit 0.8617 during European morning trade, the pair's highest since January 4; the pair subsequently consolidated at 0.8608, surging 0.94%.

The pair was likely to find support at 0.849, Monday's low and resistance at 0.8647, the high of December 31 and a two-month high.

The Office for National … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Broadly Lower As Financials Tumble; DAX Up 0.05%

Posted: 25 Jan 2011 02:02 AM PST

Forex Pros – European stock markets were broadly lower on Tuesday, as shares in the financial sector performed poorly, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 slumped 0.56%, France's CAC 40 shed 0.15%, while Germany’s DAX was up 0.05%.

Shares in the financial sector led losses ahead of closely-watched bond sale by the European Financial Stability Facility later in the day.

Shares in Spain's largest lender Banco … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Public Sector Net Borrowing Falls More-than-expected

Posted: 25 Jan 2011 01:44 AM PST

Forex Pros – Public sector net borrowing in the U.K. fell more-than-expected in December, official data showed on Tuesday.

In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income fell to GBP15.3 billion in December, compared to GBP19.7 billion in November, whose figure was revised down from GBP22.8 billion.

Economists had expected public sector net borrowing to decline to GBP18.3 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Gross Domestic Product Declines Unexpectedly In Q4

Posted: 25 Jan 2011 01:39 AM PST

Forex Pros – The economy in the United Kingdom contracted unexpectedly in the fourth quarter, preliminary official data showed on Tuesday.

In a report, the Office for National Statistics said gross domestic product declined by a seasonally adjusted 0.5% in the fourth quarter, after expanding by 0.7% in the previous quarter, whose figure was revised down from growth of 0.8%.

Economists had expected U.K. GDP to increase by 0.5% in the fourth quarter.

The report showed that year-on-year, GDP … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Reserve Bank Of India Raises Interest Rates 25bps

Posted: 25 Jan 2011 01:36 AM PST

The Reserve Bank of India (RBI) raised the repurchase (lending) rate 25 basis points to 6.5% from 6.25% and the reverse repurchase (borrowing) rate 25 basis points to 5.50% from 5.25% as inflation risks continue to outweigh growth risks. The RBI also extended additional liquidity facilities that it had made available to commercial banks due to a liquidity crunch by 2 months. India saw its wholesale price index rise 8.43% year on year in December (7.48% in November), and the RBI raised … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals As Euro Zone Debt Sales Awaited

Posted: 25 Jan 2011 01:19 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, as the euro dipped but remained supported by expectations of strong demand at the euro zone rescue fund’s first debt sale later in the day.

During European morning trade, the greenback was up against the euro, with EUR/USD dipping 0.12% to hit 1.362.

Later Tuesday, the European Financial Stability Facility was to offer as much as EUR 5 billion of five-year bonds while Spain was to hold its first short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Tumbles To 2-day Low As U.K. GDP Data Eyed

Posted: 25 Jan 2011 12:51 AM PST

Forex Pros – The pound fell to a two-day low against the U.S. dollar on Tuesday, ahead of the release of U.K. data on fourth quarter economic growth and public sector borrowing.

GBP/USD hit 1.5918 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.5921, shedding 0.41%.

Cable was likely to find support at 1.5866, Friday's low and resistance at 1.6016, the day's high.

Later in the day, the U.K. was to publish preliminary data on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fresenius’ Spanish Agreement

Posted: 25 Jan 2011 12:35 AM PST

Fresenius Medical Care (NYSE:FMS), the largest global player in dialysis-related services, recently arrived at an agreement with the public health department of the Murcia region of Spain. This constitutes Spain's first-ever complete dialysis care and performance-linked reimbursement model.
Under the terms of the agreement, effective mid-2011, Fresenius will make available dialysis treatment to about 200 renal patients in the area.
The system announced by the two parties is similar to the one … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Meredith Corp.

Posted: 25 Jan 2011 12:35 AM PST

Meredith Corporation (NYSE:MDP) is scheduled to report its second-quarter 2011 financial results on January 25, 2011. The current Zacks Consensus Estimate for the quarter is 86 cents a share. For the quarter under review, revenue is $363 million, according to the Zacks Consensus Estimate.
First-Quarter 2011, a Synopsis
Meredith Corporation posted first-quarter 2011 results on October 26, 2010, that exceeded the Zacks Consensus Estimate. The quarterly earnings of 56 cents a share outpaced the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Dips After BOJ Raises Growth Forecasts For 2011

Posted: 25 Jan 2011 12:30 AM PST

Forex Pros – The U.S. dollar was lower against the yen on Tuesday, after the Bank of Japan revised up its growth forecasts for the year through March and predicted a faster rate of inflation.

USD/JPY hit 82.34 during European early morning trade, the daily low; the pair subsequently consolidated at 82.43, slipping 0.09%.

The pair was likely to find support at 81.99, the low of January 20 and resistance at 82.91, Monday's high.

Earlier in the day, the BOJ said Japan's economy may expand … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Hits 3-day High After Weak Australian CPI Data

Posted: 25 Jan 2011 12:16 AM PST

Forex Pros – The New Zealand dollar rose to a three-day high against its U.S. counterpart on Tuesday, after soft Australian consumer price data saw investors switch their attentions away from the Australian dollar.

NZD/USD hit 0.7672 during late Asian trade, the pair's highest since January 20; the pair subsequently consolidated at 0.7652, gaining 0.28%.

The pair was likely to find support at 0.7565, Monday's low and resistance at 0.774, the high of January 18.

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


Forex – AUD/USD Up Despite Soft Q4 Inflation Data

Posted: 25 Jan 2011 12:01 AM PST

Forex Pros – The Australian dollar was up against its U.S. counterpart on Tuesday, despite official data showing that consumer prices rose at the slowest pace in almost two years in the fourth quarter.

AUD/USD hit 0.9993 during late Asian trade, the daily high; the pair subsequently consolidated at 0.9979, gaining 0.07%.

The pair was likely to find support at 0.9861, Monday's low and short-term resistance at 1.0021, Monday's high.

The Australian Bureau of Statistics said that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Broadly Higher On Earnings Optimism; Nikkei Up 1.15%

Posted: 24 Jan 2011 11:51 PM PST

Forex Pros – Asian stocks were broadly higher on Tuesday as market sentiment was boosted by upbeat corporate earnings reports from Wall Street, while Japanese exporters advanced amid optimism over the global economic recovery.

During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.33%, South Korea’s Kospi Composite added 0.22%, while Japan's Nikkei 225 Index jumped 1.15%.

Shares in many of the big name Japanese exporters advanced amid optimism over the global economic recovery, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Close To 9-week High As EFSF Bond Sale Eyed

Posted: 24 Jan 2011 11:35 PM PST

Forex Pros – The euro was up against the U.S. dollar on Tuesday, trading close to a nine-week high amid growing expectations that the European Central Bank will raise interest rates ahead of the U.S. Federal Reserve.

EUR/USD hit 1.3684 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3672, gaining 0.24%.

The pair was likely to find support at 1.3539, Monday's low and short-term resistance at 1.3685, Monday's high and a nine-week high.

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


Bank Of Japan Leaves Interest Rate Unchanged

Posted: 24 Jan 2011 11:26 PM PST

Forex Pros – The Bank of Japan kept its benchmark interest rate unchanged, it announced on Tuesday.

In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, widely in line with expectations.

A statement on monetary policy released after the announcement showed that the Bank of Japan's nine-man policy board voted unanimously to maintain the interest rate at its current level.

The bank added that Japan’s economy still shows signs of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


German Gfk Consumer Climate Index Rises Unexpectedly

Posted: 24 Jan 2011 11:20 PM PST

Forex Pros – Germany’s consumer climate improved unexpectedly in January, industry data showed on Tuesday.

In a report, the market research group Gfk said its index of Germany’s consumer climate advanced to 5.7 in January, after rising to 5.5 in December, whose figure was revised up from 5.4.

Analysts had expected the index to remain unchanged at 5.5 in January.

The report said that German consumers remain decidedly optimistic with regard to economic performance in the early part of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: B&G Foods, Inc.

Posted: 24 Jan 2011 11:05 PM PST

Earnings estimates have been rising for B&G Foods, Inc. (NYSE:BGS) after the company reported a solid third quarter in which EPS beat the Zacks Consensus Estimate by 11%. Despite a modest increase in sales, the company was able to grow its margins significantly, leading to a 20% increase in operating income year-over-year.
The stock has risen more than 20% since its latest earnings surprise, but shares remain reasonably priced. The company also pays a dividend that yields an attractive 5.0%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Caliper Life Sciences

Posted: 24 Jan 2011 11:05 PM PST

Caliper Life Sciences (NASDAQ:CALP) recently announced preliminary financial results that breathed some life into the stock. Estimates are moving higher as a result.
CALP currently has a Zacks #1 Rank (Strong Buy) and continues to expand into new markets.
Company Description
Caliper Life Sciences develops advanced instruments and outsourcing services for pharmaceutical, biotech and other research institutions and companies.
Positive Announcement
On Jan 13 Caliper released preliminary fourth-quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: BioScrip, Inc. (BIOS)

Posted: 24 Jan 2011 11:05 PM PST

BioScrip, Inc. (NASDAQ:BIOS) posted a disappointing quarter based on higher costs and tax. Although revenues grew by double-digits, driven by the CHS acquisition, the organic growth was below expectation.
Several issues spanning from manufacturer related, product recall and others impacted the company’s margin during the quarter. On top of these issues, the highly leveraged balance sheet continues to be a drag on the bottom line. The company’s interest expense increased substantially during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: OmniVision Technologies (OVTI)

Posted: 24 Jan 2011 11:05 PM PST

OmniVision Technologies (NASDAQ:OVTI) is an OEM of CMOS image sensors and support circuitry used within handsets, notebooks and other mass markets. Second quarter earnings were much better than the Zacks Consensus, and the flattish guidance for the next quarter appears to be much better than normal seasonality.
The company has leveraged its superior technology to solidify its position in the handset market and also expand into other areas. We like its product roadmap, growth prospects and management … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Continental Resources, Inc.

Posted: 24 Jan 2011 11:05 PM PST

Continental Resources, Inc. (NYSE:CLR) recently hit a new multi-year high at $63.84 as crude continues to trade in elevated territory. With an average earnings surprise of 15% over the last four quarter and bullish growth projection, this Zacks #1 rank stock is a good way to explore momentum.
Company Description
Continental Resources, Inc. operates as a domestic explorer of natural gas and oil. The company was founded in 1967 and has a market cap of $10 billion.
Energy companies have been scoring … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 24 Jan 2011 10:18 PM PST

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

EUR/USD was trading at 1.3656, up 0.13% at time of writing.

The pair was likely to find support at 1.3397, Thursday's low, and resistance at 1.3685, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8536 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The Asian Session

Posted: 24 Jan 2011 09:48 PM PST

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

GBP/USD was trading at 1.5998, up 0.07% at time of writing.

The pair was likely to find support at 1.5838, Thursday's low, and resistance at 1.6018, today's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8536 and GBP/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Turkish Central Bank Raises Reserve Requirements

Posted: 24 Jan 2011 09:19 PM PST

The Central Bank of Turkey announced it will increase bank required reserve ratios from the 4th of February 2011. The increases are as follows: the reserve ratio for deposits up to 1-month maturity +200bps to 10% from 8%; the reserve ratio for immediate-access deposits +400bps to 12% from 8%; and the reserve ratio for deposits with a term of up to 3 months +200bps to 9% from 7%. The move is expected to drain about TRY 9.8 billion from the system, and follows a 25bp drop … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up During The Asian Session

Posted: 24 Jan 2011 09:18 PM PST

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

EUR/CHF was trading at 1.2951, up 0.05% at time of writing.

The pair was likely to find support at 1.2815, Thursday's low, and resistance at 1.3069, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.3661 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stanley Ho Transfers Control Of SJM To Family

Posted: 24 Jan 2011 09:03 PM PST

Stanley Ho, chairman and chief executive of SJM Holdings, no longer has an "attributable interest" in the casino group, said in a filing with the Hong Kong Stock Exchange.

Stanley Ho had transferred nearly all of his 32% stake in Sociedade de Tourismo e Diversoes de Macau SA, the company that controls SJM Holdings, to two firms controlled by family members. He will retain 100 ordinary shares in the casino group.

Shares of SJM plunged more than 8% yesterday before narrowing the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Of Japan Maintains Montetary Policy Stance

Posted: 24 Jan 2011 08:51 PM PST

The Bank of Japan (BOJ) held it’s monetary policy interest rate at a range of between zero and 0.1 percent, while also maintaining the size of its securities purchase program at 5 trillion yen ($60 billion), with a unanimous vote. The BOJ also noted in its monetary policy announcement that it now forecasts economic growth of 3.3% for the 2011 fiscal year, versus a previous forecast in October of 2.1%. Japan recorded a headline inflation figure of 0.10% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The Asian Session

Posted: 24 Jan 2011 08:48 PM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.

USD/CHF was trading at 0.9482, down 0.10% at time of writing.

The pair was likely to find support at 0.9472, today's low, and resistance at 0.9688, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.3655 and USD/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Up During The Asian Session

Posted: 24 Jan 2011 08:18 PM PST

Forex Pros – The Euro was higher against the British Pound on Tuesday.

EUR/GBP was trading at 0.8538, up 0.09% at time of writing.

The pair was likely to find support at 0.8413, Thursday's low, and resistance at 0.8552, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.3656 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


POGO: “Reports The SEC Doesn’t Want You To See”

Posted: 24 Jan 2011 07:52 PM PST

The Project on Government Oversight has become the financial regulatory eyes and ears for our nation. While one would think Congress might care to thoroughly investigate government agencies and hold them to account, our recent history has shown us that the Congressional oversight is severely lacking. Enter POGO. What has POGO provided us now?
By utilizing the Freedom of Information Act, POGO has provided a huge window of transparency into the SEC. Why should POGO have to perform these … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During The Asian Session

Posted: 24 Jan 2011 07:38 PM PST

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

USD/JPY was trading at 82.44, down 0.10% at time of writing.

The pair was likely to find support at 82.06, Thursday's low, and resistance at 83.13, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.16% to hit 1.3660 and GBP/USD rising 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: 24 Jan 2011 07:08 PM PST

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

USD/CAD was trading at 0.9928, down 0.08% at time of writing.

The pair was likely to find support at 0.9909, Friday's low, and resistance at 1.0031, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.16% to hit 1.3660 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australia’s 4Q CPI Undershoots Forecasts, Eases Pressure On RBA

Posted: 24 Jan 2011 06:59 PM PST

For 4th Quarter
Latest Release Provided by: Australian Bureau of Statistics
CPI q/q: 0.4%, forecast 0.8%, pr. 0.8% (3Q)
CPI y/y:   2.7% , forecast 3.0%, pr. 2.8% (3Q)
RBA Trimmed Mean q/q:  0.3%,  forecast 0.7%, pr. 0.6% (3Q)
RBA Trimmed Mean y/y:   2.2%,   forecast 2.6%, pr. 2.5% (3Q)
RBA Weighted Median q/q:  0.5%,  forecast 0.7%, pr. 0.5% (3Q)
RBA weighted Median y/y:  2.3%,   forecast 2.5%, pr. 2.3% (3Q)

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


Forex – AUD/USD Down During The Asian Session

Posted: 24 Jan 2011 06:28 PM PST

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

AUD/USD was trading at 0.9948, down 0.26% at time of writing.

The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0022, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.48% to hit 1.3741 and AUD/JPY falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 24 Jan 2011 06:03 PM PST

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

EUR/USD was trading at 1.3681, up 0.32% at time of writing.

The pair was likely to find support at 1.3397, Thursday's low, and resistance at 1.3685, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8542 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During The Asian Session

Posted: 24 Jan 2011 05:33 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Tuesday.

EUR/JPY was trading at 112.64, up 0.08% at time of writing.

The pair was likely to find support at 110.32, Thursday's low, and resistance at 112.91, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.21% to hit 1.3666 and EUR/GBP rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Monday, January 24, 2011

Posted: 24 Jan 2011 04:58 PM PST

Stocks finished higher today with the major indexes closing near session highs.  In addition, the DJIA posted another new high.  Investor participation was ok and market breadth was good.  As a result, we are raising the support levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  Also, we are increasing the resistance level for the DJIA but leaving it the same for the S&P 500 and Nasdaq Composite (see below).  Overall, we continue to believe the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down On Economic Data

Posted: 24 Jan 2011 04:48 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on CPI.

AUD/USD was trading at 0.9936, down 0.38% at time of writing.

The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0022, Monday's high.

Earlier in the day, official data showed that Australian consumer price inflation rose less-than-expected to a seasonally adjusted 0.40% in the last quarter from 0.70% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WIN (Whip Inflation Now) With Inflation Protected Preferreds

Posted: 24 Jan 2011 04:47 PM PST

As investors struggle selecting appropriate income streams for their portfolios, I believe that consideration should be dedicated to the under followed and under appreciated realm of inflation-protected preferred stock.

First,a basic explanation of preferred stocks:

A preferred stock is somewhat of a hybrid security instrument, with characteristics of both stocks and bonds. The investor is promised a stated and enticing yield (or terms as per the Prospectus) in lieu of not capturing a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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