DailyMarkets.com - Shut Down The Federal Reserve, Break Up The Big Banks And 16 Other Ideas Barack Obama Could Have Proposed If He Actually Wanted To Fix The Economy

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• Shut Down The Federal Reserve, Break Up The Big Banks And 16 Other Ideas Barack Obama Could Have Proposed If He Actually Wanted To Fix The Economy
• Forex Trading: Euro Higher After Comments From ECB’s Bini Smaghi
• Forex Trading: Usd/Jpy Retraces 50% Of Spike To 83.20
• Singapore Stock Market Update For Thursday 27 January
• Forex Trading: GBP/JPY Testing Channel Resistance
• Asia Stocks Rise Amid Optimism Over Recovery; Nikkei Up 0.74%
• Forex – EUR/USD Edges Higher As Fed Remains Cautious
• How We Are Playing Netflix And Starbucks Ahead Of Earnings BZ, MOS, CYD
• Reserve Bank Of New Zealand Leaves Interest Rate Unchanged
• Gambling On MGM Resorts
• Bear Of The Day: Penn Virginia Resources (PVR)
• Growth & Income Stock: BCE Inc.
• Bull Of The Day: W.W. Grainger (GWW)
• Aggressive Growth Stock: Esterline Tech
• Momentum Stock: Robbins & Myers, Inc.
• Ball Corp. Realigns Production
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down During The Asian Session
• Forex – EUR/CHF Up During The Asian Session
• NZD/JPY – Possible Elliott Wave Count Heading Into February 2011
• Forex – USD/CHF Up During The Asian Session
• Forex – EUR/GBP Up During The Asian Session
• Lights Dim At The Global Liquidity Party (GLD, SLV, JJC, SPY, TLT)
• Crude Oil Rises As Equities Hit 29-Month Highs, Gold Bounces Off Support
• Forex – USD/JPY Down During The Asian Session
• Forex – USD/CAD Up During The Asian Session
• Forex – AUD/USD Down During The Asian Session
• AUD/NZD’s Short-Term Wave Count After The RBNZ Statement
• Forex – EUR/USD Down During The Asian Session
• Norges Bank Holds Rate At 2.00%
• Forex – EUR/JPY Down During The Asian Session
• HKMA Holds Base Rate At 0.50%
• Stock Market Summary For Wednesday, January 26, 2011
• Forex – GBP/JPY Down During The Asian Session
• US Federal Reserve Holds Policy
• RBNZ Holds OCR At 3.00%

Shut Down The Federal Reserve, Break Up The Big Banks And 16 Other Ideas Barack Obama Could Have Proposed If He Actually Wanted To Fix The Economy Posted: 27 Jan 2011 03:46 AM PST How do we fix the economy?  That is a question that tens of millions of Americans are asking right now.  Republicans are harshly criticizing the empty economic proposals being put forward by Barack Obama and the Democrats, but the Republicans don’t seem to have any real solutions either.  There is talk of cutting taxes a little bit more, reducing federal spending a little bit and getting rid of a few useless federal regulations but doing any of those things would essentially be like … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Higher After Comments From ECB’s Bini Smaghi Posted: 27 Jan 2011 02:48 AM PST The euro rallied after ECB board member Lorenzo Bini Smaghi made comments that policy makers can no longer afford to ignore imported inflation. He stated that "a permanent and repeated increase in the prices of imported products will tend to impact on inflation in the advanced countries, including the euro area". Import price inflation in Germany was 12 percent in December, the fastest pace since October 1981. He made certain it was clear that his comments should not be interpreted as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Usd/Jpy Retraces 50% Of Spike To 83.20 Posted: 27 Jan 2011 01:30 AM PST Usd/Jpy has retraced 50% of its spike to 83.20 caused by earlier downgrade. The pair has gained 10 points since hitting 82.66 (50% Fibo), currently trading at 82.76. If the pair sells off once again look at the 61.8% fibo at 82.53 as good support, possibly a buying opportunity if you so … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Thursday 27 January Posted: 27 Jan 2011 01:26 AM PST Morning Highlights Singapore market started mixed with STI opened at 3218.55. 3 New IPOs: IPO : Sri Trang Agro-Industry PCL IPO Size : 280 million IPO Price : $1.60 Corporate Profile : Market capitalization of approximately Baht 36,000.0 million based on the closing price per Share on the SET on such date Commence Trading : 28th Jan on Mainboard IPO : Malaysia Smelting Corp Berhad IPO Size : 25 million IPO Price : $1.75 Corporate Profile : One of the world's leading integrated producers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBP/JPY Testing Channel Resistance Posted: 27 Jan 2011 12:38 AM PST With sterling trading higher over the past 24 hrs the GBP/JPY pair is now testing resistance on a channel that has been form since the summer; 200 day moving average coming in just above at 132.479. A close through the downward trend line may be a bullish signal for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Rise Amid Optimism Over Recovery; Nikkei Up 0.74% Posted: 26 Jan 2011 11:52 PM PST Forex Pros – Asian stocks were broadly higher on Thursday, as market sentiment was boosted after the Federal Reserve left its monetary policy unchanged, while Japanese exporters gained amid optimism over the U.S. economic recovery.  During late Asian trade, Hong Kong’s Hang Seng Index shed 0.08%, South Korea’s Kospi Composite added 0.22%, while Japan's Nikkei 225 Index jumped 0.74%. On Wednesday, the Fed announced that left its benchmark interest rate unchanged at 0.25% and said it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Edges Higher As Fed Remains Cautious Posted: 26 Jan 2011 11:37 PM PST Forex Pros – The euro edged higher against the U.S. dollar on Thursday, after the Federal Reserve held interest rates steady and repeated that rates would remain exceptionally low for an extended period. EUR/USD hit 1.3728 during late Asian trade, the pair's highest since November 22; the pair subsequently consolidated at 1.3718, gaining 0.06%. The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3785, the high of November 22. The Fed kept interest rates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How We Are Playing Netflix And Starbucks Ahead Of Earnings BZ, MOS, CYD Posted: 26 Jan 2011 11:25 PM PST Netflix (NASDAQ:NFLX) reports earnings soon and we aren't willing to gamble on the reaction.  We are closing both positions. 1 around breakeven and the other December entry with around a 5% loss.     Too many gap downs in the tech area to risk anything more than this no matter how much we like a story. Starbucks (NASDAQ:SBUX) also reports but we are up over 25% in the past 4 months so that is enough profit cushion to hang on   Our readers need to make their own decisions based on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reserve Bank Of New Zealand Leaves Interest Rate Unchanged Posted: 26 Jan 2011 11:17 PM PST Forex Pros – The Reserve Bank of New Zealand left its benchmark interest rate unchanged at 3.00% for the fourth consecutive month, it announced late Wednesday. In a statement, that bank said it was leaving its overnight cash rate unchanged at 3.00%, in line with expectations. Commenting on the decision RBNZ Governor Alan Bollard said, "While interest rates are likely to increase modestly over the next two years, for now it seems prudent to keep the official cash rate low until the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gambling On MGM Resorts Posted: 26 Jan 2011 11:14 PM PST News On 21 Jan 2011, CityCenter Holdings, LLC announced it had issued $900 miilion aggregate principal amount of its 7.625% senior secured first lien notes due 2016 and $600 million aggregate principal amount of its 10.75% senior secured second lien PIK toggle notes due 2017. Net proceeds from offering were used to reduce the outstanding principal balance of the Company's senior secured credit facilities from approximately $.185 billion to $500 million, to establish an interest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Penn Virginia Resources (PVR) Posted: 26 Jan 2011 11:05 PM PST Penn Virginia Resources’ (NYSE:PVR) merger with its general partner is expected to reap profits in the long term, benefiting from the partnership’s lower cost of capital. This would place the company in a better position to compete for acquisitions, increasing returns on future transactions. However, this transaction would, in our opinion, be dilutive to the partnership’s distributions in the near term, affecting investor sentiments. Based on expectations for lower distributions, we are retaining … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: BCE Inc. Posted: 26 Jan 2011 11:05 PM PST Earnings estimates for BCE Inc. (NYSE:BCE) have been surging over the last several months as BCE has delivered three consecutive positive earnings surprise. The Canadian communications company produces strong cash flow and has been rewarding its shareholders through stock buy backs and dividend increases. It currently yields 5.1% and is a Zacks #2 Rank (Buy) stock. Third Quarter Results Third quarter earnings per share came in at 82 cents, well ahead of the Zacks Consensus Estimate of 72 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: W.W. Grainger (GWW) Posted: 26 Jan 2011 11:05 PM PST W.W. Grainger’s (NYSE:GWW) third quarter adjusted EPS improved 32% year over year while revenues jumped 19%; both outperforming Zacks Consensus Estimates. For fiscal 2010, Grainger maintained its sales growth guidance in the range of 14% to 15% and raised its EPS guidance. For fiscal 2011, Grainger forecasts EPS between $7.15 and $7.90, driven by 5% to 9% growth in sales. Grainger remains focused on expanding its product offering and has the financial flexibility to further invest in growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Esterline Tech Posted: 26 Jan 2011 11:05 PM PST Esterline Corp (NYSE:ESL) is coming off of a record-setting year, thanks to solid organic growth. A consistent flow of upward estimate revisions moved ESL to a Zacks #1 Rank (Strong Buy) and project steady growth in the coming years. Company Description Esterline makes engineered products for the aerospace and defence, medical and industrial markets. Record-Setting Year On Dec 9 Esterline reported fourth-quarter and year-end results for fiscal 2010. The company earned $1.60 per share for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Robbins & Myers, Inc. Posted: 26 Jan 2011 11:05 PM PST Robbins & Myers, Inc. (NYSE:RBN) recently spiked to a new 52-week high after reporting strong Q3 results in early January that included a 33% earnings surprise. With an average earnings surprise of 39% over the last three quarters and bullish growth projection, this Zacks # 1 rank stock has some solid upward momentum. Company Description Robbins & Myers, Inc., together with its subsidiaries, supplies engineered industrial equipment and systems for a wide variety of end markets worldwide. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ball Corp. Realigns Production Posted: 26 Jan 2011 10:35 PM PST Ball Corporation (NYSE:BLL) announced several actions to better realign its manufacturing footprint in North America in order to meet changing customer demand. The company plans to decrease its overall installed beverage can capacity by closing its Torrance, California plant and estimates a related after-tax charge of $12.4 million to be recorded in 2011. Ball Corporation also intends to expand specialty beverage can production in its Fort Worth, Texas plant. The winding down of the Torrance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 26 Jan 2011 10:18 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3705, down 0.05% at time of writing. The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3721, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8615 and EUR/JPY falling 0.05% 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: 26 Jan 2011 09:48 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5898, down 0.22% at time of writing. The pair was likely to find support at 1.5752, Tuesday's low, and resistance at 1.6018, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8621 and GBP/JPY falling 0.23% 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: 26 Jan 2011 09:18 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Thursday. EUR/CHF was trading at 1.2931, up 0.10% at time of writing. The pair was likely to find support at 1.2827, Tuesday's low, and resistance at 1.3069, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.3707 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD/JPY – Possible Elliott Wave Count Heading Into February 2011 Posted: 26 Jan 2011 09:12 PM PST NZD/JPY - The NZD/JPY pair continues to be strong. We had a clear a-b-c leading up to Dec 2010. Then in December, we had a connector wave X. We are likely in another corrective wave up in Y. - Within this wave Y, we are likely in wave a. Within a, we are likely in (2) - We see that the decline from 64.00 to 62.30 area was a 5-wave structure, and therefore likely to be a wave (a) of corrective 2 , which means we might be seeing a wave (c) to complete this wave before going on a rally to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session Posted: 26 Jan 2011 08:48 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Thursday. USD/CHF was trading at 0.9438, up 0.18% at time of writing. The pair was likely to find support at 0.9403, Wednesday's low, and resistance at 0.9624, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.09% to hit 1.3701 and USD/JPY falling 0.001% 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: 26 Jan 2011 08:18 PM PST Forex Pros – The Euro was higher against the British Pound on Thursday. EUR/GBP was trading at 0.8610, up 0.04% at time of writing. The pair was likely to find support at 0.8493, Monday's low, and resistance at 0.8672, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.07% to hit 1.3703 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lights Dim At The Global Liquidity Party (GLD, SLV, JJC, SPY, TLT) Posted: 26 Jan 2011 08:13 PM PST The change in mood is almost tangible this week as President Obama delivers his State of the Union message, Ben Bernanke doggedly sticks to his QE2 guns until June, the divided Congress talks "austerity," "Dr. Copper" and his friends, gold and silver, say the party is coming to a close, Case/Shiller chills, bonds get crushed and riots break out across North Africa.  In a nutshell, things look like this:  1. President Obama and the Congress appear intent on reducing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Rises As Equities Hit 29-Month Highs, Gold Bounces Off Support Posted: 26 Jan 2011 07:51 PM PST Commodities – Energy Crude Oil Rises as Equities Hit 29-Month Highs Crude Oil (WTI) – $87.42 // $0.09 // 0.10% Commentary: Crude oil rose on Wednesday, with WTI advancing $1.14, or 1.32% to settle at $87.33, while Brent added $2.66, or 2.79%, to settle at $97.91. The WTI-Brent differential reached -$10.58, just shy of the record of -$10.67. U.S. equity markets reached a 29-month high after New Home Sales reached an 8-month high. Separately, the Federal Open Market Committee kept rates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The Asian Session Posted: 26 Jan 2011 07:38 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 82.16, down 0.03% at time of writing. The pair was likely to find support at 81.98, Tuesday's low, and resistance at 82.92, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.08% to hit 1.3702 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The Asian Session Posted: 26 Jan 2011 07:08 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday. USD/CAD was trading at 0.9948, up 0.08% at time of writing. The pair was likely to find support at 0.9912, Tuesday's low, and resistance at 1.0005, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.05% to hit 1.3706 and GBP/USD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 26 Jan 2011 06:28 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday. AUD/USD was trading at 0.9953, down 0.37% at time of writing. The pair was likely to find support at 0.9864, Monday'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 0.30% to hit 1.3768 and AUD/JPY falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD’s Short-Term Wave Count After The RBNZ Statement Posted: 26 Jan 2011 06:25 PM PST Previous Post on AUD/NZD (1/25): AUD/NZD to Test 61.8% Retracement… AUD/NZD - Tracking the AUD/NZD, we have seen the market sensitive around event risks, the latest being a very important one from the Reserve Bank of New Zealand's meeting to discuss policy. - The central bank held rates, but there may have been improved tone helping push the AUD/NZD in the kiwi's favor. - If we are developing a bearish impulse we are likely developing a running 3rd wave, which should not retrace higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 26 Jan 2011 06:03 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3693, down 0.15% at time of writing. The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3721, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8609 and EUR/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Norges Bank Holds Rate At 2.00% Posted: 26 Jan 2011 05:56 PM PST Norway’s central bank, the Norges Bank, maintained its key monetary policy rate unchanged at 2.00% balancing the risk of rising consumer and house price inflation against the risk of a rising Kroner. Norway recorded inflation (as measured by the consumer price index) of 2.8% in December; higher than the 1.9% figure in November and the official inflation target of 2.5%. The Norges Bank noted that underlying inflation is around … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During The Asian Session Posted: 26 Jan 2011 05:33 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Thursday. EUR/JPY was trading at 112.49, down 0.17% at time of writing. The pair was likely to find support at 111.83, Tuesday's low, and resistance at 112.92, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.09% to hit 1.3701 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HKMA Holds Base Rate At 0.50% Posted: 26 Jan 2011 04:56 PM PST The Hong Kong Monetary Authority (HKMA) held its base rate at 0.50% in line with the US Federal Open Market Committee’s decision to hold monetary policy settings unchanged. The Hong Kong Dollar is pegged against the US dollar, thus the HKMA generally follows the monetary policy settings of the US Federal Reserve in setting its own monetary policy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, January 26, 2011 Posted: 26 Jan 2011 04:51 PM PST The major indexes finished today with returns ranging from 0.1% to 0.7% with the S&P 500 hitting a two year high.  Both investor participation and market breadth were good and we guess the market liked what was said from the President and Federal Reserve so far.  Not sure we learned anything new from either party.  I guess one of the questions going forward is how much of the good news scenario is already built into equity prices?  The market will probably tell us … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session Posted: 26 Jan 2011 04:43 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Thursday. GBP/JPY was trading at 130.79, down 0.10% at time of writing. The pair was likely to find support at 129.53, Wednesday's low, and resistance at 132.35, Monday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.5929 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Federal Reserve Holds Policy Posted: 26 Jan 2011 04:40 PM PST The US Federal Open Market Committee announced that it would retain the Federal Funds Rate at the same range of 0-0.25%, and that it would make no changes to the $600 billion asset purchase program (or ‘quantitative easing part II’), scheduled to run through to June. The FOMC noted in its statement, that the ”economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RBNZ Holds OCR At 3.00% Posted: 26 Jan 2011 04:30 PM PST The Reserve Bank of New Zealand (RBNZ) held the Official Cash Rate at 3.00% as widely expected by the market. The RBNZ noted that ”for now it seems prudent to keep the OCR low until the recovery becomes more robust and underlying inflationary pressures show more obvious signs of increasing”. New Zealand produced 1.5% GDP growth y/y in the September quarter (which was lower than that projected by the RBNZ), while prices rose 4% through 2010 – driven by short term influences such … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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