DailyMarkets.com - U.S. House Prices – Up Or Down In 2011?

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• U.S. House Prices – Up Or Down In 2011?
• Precious Metals And The US Dollar’s Next Big Move
• Hot Stocks To Watch On Thursday: AIG, Nvidia, ITT, Boeing, Sara Lee, Shell, Rio Tinto, Sanofi Aventis
• Forex – GBP/USD Retreats From 1-month High Ahead Of BoE
• European Stocks Mixed Ahead Of Bond Sales; DAX Up 0.02%
• U.K. Manufacturing Production Rises More-than-expected
• Forex – USD/CHF Surges To 2-day High Following SNB Remarks
• Forex – Dollar Up Vs. Rivals As Euro Zone Debt Auctions Eyed
• Forex – USD/JPY Moves Cautiously Higher Ahead Of Euro Auctions
• Forex – NZD/USD Edges Up To 6-day High As Risk Appetite Returns
• Forex – AUD/USD Trims Losses, Shrugging Off Weak Jobs Data
• Asia Stocks Broadly Higher As Commodities Gain; Nikkei Up 0.73%
• Forex – EUR/USD Slips Lower Ahead Of Spain, Italy Auctions
• Growth & Income Stock: Air Products & Chemicals, Inc.
• Aggressive Growth Stock: STRATTEC Security Corp.
• Momentum Stock: PriceSmart, Inc.
• Bear Of The Day: Skechers U.S.A. (SKX)
• Bull Of The Day: Wynn Resorts, Ltd. (WYNN)
• Growth & Income Stock: Featuring TJX From The Growth & Income Portfolio
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down During The Asian Session
• The New Pattern Of USDJPY
• Forex – EUR/CHF Down During The Asian Session
• A Quick Look At The December Decoupling Of Stocks And The Euro
• Crude Oil Moves Closer To $100, Gold Rises As Fundamentals Remain Supportive
• Forex – USD/CHF Up During The Asian Session
• EconomyPolitics 2nd Annual Index Of Economic Efficiency
• Singapore Stock Market Update For Thursday 13 January
• Forex – EUR/GBP Down During The Asian Session
• Rising Consumer Inflation: The New World Order By Commodity
• Forex – USD/JPY Down During The Asian Session
• Palladium ETFs Supported By Supply And Demand Imbalance
• SP-500: Doesn’t Look Good — Gold: Trend Line Breaks
• Forex – USD/CAD Up During The Asian Session
• AIG Finally Sells Nan Shan
• AIG Finally Sells Nan Shan
• Crude Oil Inventory Watch: U.S. Petroleum Surplus Continues To Erode
• Australian Unemployment Rate Falls More-than-expected
• Forex – AUD/USD Down During The Asian Session

U.S. House Prices – Up Or Down In 2011? Posted: 13 Jan 2011 03:35 AM PST How soon will it be before people finally start using the term “depression” to describe what has happened to the U.S. housing market?  It has been four and a half years since housing prices began to decline, and they are still falling.  In fact, U.S. housing prices have now fallen further during this economic downturn than they did during the Great Depression of the 1930s.  Just think about that.  We are now in unprecedented territory, and most analysts believe that U.S. house prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Precious Metals And The US Dollar’s Next Big Move Posted: 13 Jan 2011 03:25 AM PST There is a potentially big setup in precious metals sector along with the dollar which looks like its about to unfold. Since mid-October of last year gold started to show signs of distribution selling. Only a month later in November silver started warning us that some big players were taking some profits off the table also. Distribution selling is easy to spot on the charts. In short you will see heavy volume selling accompanied with strong moves to the downside. Now if we look at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Watch On Thursday: AIG, Nvidia, ITT, Boeing, Sara Lee, Shell, Rio Tinto, Sanofi Aventis Posted: 13 Jan 2011 03:06 AM PST Royal Dutch Shell (RDS-A) – Co. fears difficulties in gaining an air quality permit from US federal authorities will push back its long-delayed Alaska drilling programme by another year. (FT – More) UK Rio Tinto (NYSE:RIO) – Co. declared force majeure on supply of Aluminium from Boyne Smelters Ltd near Gladstone, due to severe flooding across Queensland, Australia. (Sources) Tesco – Co.'s Christmas UK like-for-like sales ex-fuel, and including VAT up 0.6% vs. Exp. up 1.7%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Retreats From 1-month High Ahead Of BoE Posted: 13 Jan 2011 02:16 AM PST Forex Pros – The pound erased gains against the U.S. dollar on Thursday, after briefly touching a one month high, ahead of the Bank of England's benchmark interest rate decision. GBP/USD retreated from 1.5783, the pair's highest since December 14, to hit 1.5734 during European morning trade, shedding 0.18%. Cable was likely to find support at 1.5582, Wednesday's low and resistance at 1.591, the high of December 14. Earlier in the day, the U.K. Office for National Statistics said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Mixed Ahead Of Bond Sales; DAX Up 0.02% Posted: 13 Jan 2011 01:46 AM PST Forex Pros – European stock markets were mixed on Thursday as investors awaited the outcome of Spanish and Italian debt auctions, while U.S. futures indexes pointed to a lower open on Wall Street. During European morning trade, the EURO STOXX 50 climbed 0.69%, France's CAC 40 gained 0.30%, while Germany’s DAX was up 0.02%. Markets were focused on bond sales by Spain and Italy later in the day and on an interest rate decision by the European Central Bank. Meanwhile, shares in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Manufacturing Production Rises More-than-expected Posted: 13 Jan 2011 01:39 AM PST Forex Pros – Manufacturing production in the U.K. rose more-than-expected in November, official data showed on Thursday. In a report, the U.K. Office for National Statistics said that manufacturing production rose by a seasonally adjusted 0.6% in November, after rising by 0.6% in October. Economists expected manufacturing production to rise by 0.4% in November. The report showed that year-on-year, manufacturing production rose by 5.6% in November, after rising by 5.8% in October. Analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Surges To 2-day High Following SNB Remarks Posted: 13 Jan 2011 01:22 AM PST Forex Pros – The U.S. dollar surged to a two day high against the Swiss franc on Thursday, after Swiss National Bank Vice President Thomas Jordan said the currency's gains were posing a threat to Swiss economic growth. USD/CHF hit 0.9764 during European morning trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.9741, surging 0.78%. The pair was likely to find support at 0.9659, Wednesday's low and short-term resistance at 0.9783, Tuesday's high and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Rivals As Euro Zone Debt Auctions Eyed Posted: 13 Jan 2011 12:43 AM PST Forex Pros – The U.S. dollar was up against all of its major counterparts on Thursday, as investors awaited the outcome of Spanish and Italian debt auctions to be held later in the day. During European morning trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.04% to hit 1.3124. Later Thursday, Spain, the euro zone's second most indebted nation, planed to sell as much as EUR3 billion of five-year bonds while Italy was to market EUR6 billion of securities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Moves Cautiously Higher Ahead Of Euro Auctions Posted: 13 Jan 2011 12:27 AM PST Forex Pros – The U.S. dollar edged cautiously higher against the yen on Thursday, as investors remained wary ahead of Spanish and Italian debt auctions to be held later in the day. USD/JPY hit 83.15 during early European trade, the daily high; the pair subsequently consolidated at 83.04, edging up 0.05%. The pair was likely to find support at 82.8, Wednesday's low and resistance at 83.45, Wednesday's high. Earlier in the day, official data showed that Japanese machinery orders … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Edges Up To 6-day High As Risk Appetite Returns Posted: 13 Jan 2011 12:07 AM PST Forex Pros – The New Zealand dollar edged higher against its U.S. counterpart on Thursday, easing up to a six day high as risk appetite made a return following Portugal’s successful bond auction on Wednesday. NZD/USD hit 0.765 during late Asian trade, the pair's highest since January 5; the pair subsequently consolidated at 0.764, edging up 0.05%. The pair was likely to find support at 0.7561, Wednesday's low and resistance at 0.768, the high of January 5. However the kiwi's gains … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Trims Losses, Shrugging Off Weak Jobs Data Posted: 12 Jan 2011 11:56 PM PST Forex Pros – The Australian dollar trimmed losses against its U.S. counterpart on Thursday, shrugging off data showing that Australian employers added fewer workers than forecast in December. AUD/USD clawed back up from 0.992, the daily low, to hit 0.9955 during late Asian trade, shedding 0.1%. The pair was likely to find support at 0.9803, Wednesday's low and resistance at 1.0014, the high of January 6. Earlier in the day, the Statistics Bureau said that the number of people employed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Broadly Higher As Commodities Gain; Nikkei Up 0.73% Posted: 12 Jan 2011 11:54 PM PST Forex Pros – Asian stocks were broadly higher on Thursday, as shares in the commodity sector led markets higher and as market sentiment was boosted after Portugal's successful bond auction eased concerns over the sovereign debt crisis in the euro zone. During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.59%, South Korea’s Kospi Composite shed 0.26%, while Japan's Nikkei 225 Index jumped 0.73%. Shares in the commodity sector performed strongly after crude oil and metal prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Slips Lower Ahead Of Spain, Italy Auctions Posted: 12 Jan 2011 11:28 PM PST Forex Pros – The euro slipped lower against the U.S. dollar on Thursday, easing off a four day high ahead of Spanish and Italian debt auctions to be held later in the day. EUR/USD hit 1.3089 during late Asian trade, the daily low; the pair subsequently consolidated at 1.312, dipping 0.08%. The pair was likely to find support at 1.2961, Wednesday's low and resistance at 1.3169, the high of January 6. Later Thursday, Spain, the euro zone's second most indebted nation, planed to sell as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Air Products & Chemicals, Inc. Posted: 12 Jan 2011 11:05 PM PST Like a lot of industrial stocks, shares of Air Products and Chemicals, Inc. (NYSE:APD) have surged over the last few months as the global economic recovery gains traction. The stock is up more than 36% since July 1, for instance. In spite of the nice run, valuation remains in check as earnings estimates have climbed along with the stock. The company expects double-digit earnings growth in 2011, and analysts are calling for 11% growth in 2012. It is a Zacks #2 Rank (Buy) stock. Fourth Quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: STRATTEC Security Corp. Posted: 12 Jan 2011 11:05 PM PST STRATTEC Security Corp. (NASDAQ:STRT) just received a very bullish estimate revision heading into an upcoming earnings release. Shares are trading at a good value, but is this Zacks #1 Rank (Strong Buy) too speculative? Company Description STRATTEC designs and makes Access Control Products for the automotive market, including mechanical and electronic locks and keys, steering columns, power sliding doors and several other components. A Very Bullish Revision Analysts by nature can be cautious to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: PriceSmart, Inc. Posted: 12 Jan 2011 11:05 PM PST PriceSmart, Inc. (NASDAQ:PSMT) just hit a new all-time high at $39.93 after reporting strong Q3 results in early January that included a 14% earnings surprise. With an average earnings surprise of 17% over the last four quarters and bullish growth projection, this Zacks #1 rank stock offers a big box of momentum. Company Description PriceSmart, Inc owns and operates warehouse clubs primarily in Latin America and the Caribbean. The company was founded in 1994 and has a market cap of $1.2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Skechers U.S.A. (SKX) Posted: 12 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: Wynn Resorts, Ltd. (WYNN) Posted: 12 Jan 2011 11:05 PM PST Wynn Resorts, Ltd. (NASDAQ:WYNN) third quarter 2010 earnings results improved on a year-over-year basis, primarily driven by higher-than-expected top-line growth. With the global economy showing a gradual recovery, the company is experiencing an increase in demand. Its Las Vegas business is also rebounding with increased room rates and conventional bookings. Additionally, with strong momentum in Macau we expect the earnings of the company to increase, going forward. Moreover, we remain encouraged … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Featuring TJX From The Growth & Income Portfolio Posted: 12 Jan 2011 11:05 PM PST Shares of The TJX Companies, Inc. (NYSE:TJX) have been strong after the company recently reported better-than-expected same-store sales for December and raised its earnings guidance. Strong December Sales On Friday, January 6, the company reported December sales were up 6% over the same month last year. Same-store sales increased 2%. This came as a positive surprise as analysts were looking for a 2.5% drop in comp sales. This also comes on top of a very strong 14% jump in same-store sales last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 12 Jan 2011 10:20 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3098, down 0.25% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3145, Wednesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8318 and EUR/JPY falling 0.18% 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: 12 Jan 2011 09:50 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5749, down 0.10% at time of writing. The pair was likely to find support at 1.5476, Monday's low, and resistance at 1.5780, Wednesday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8322 and GBP/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The New Pattern Of USDJPY Posted: 12 Jan 2011 09:31 PM PST The 2010 November Japan trade surplus dropped by 15.7% compared to the same month in 2009.  The relatively successful auction of Portuguese bonds boosted risky assets (equity and commodity) in the US.  These two seemly unrelated pieces of news should have one common implication: a rising USDJPY. A shrinking trade balance suggested that Japanese exporters are losing ground in the international market due to the expensive JPY.  As the fear of a Portugal debt crisis is abated for now, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down During The Asian Session Posted: 12 Jan 2011 09:20 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Thursday. EUR/CHF was trading at 1.2694, down 0.001% at time of writing. The pair was likely to find support at 1.2433, Monday's low, and resistance at 1.2734, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.3108 and EUR/JPY falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Quick Look At The December Decoupling Of Stocks And The Euro Posted: 12 Jan 2011 09:01 PM PST I wanted to make a quick observation and chart of the temporary "December Decoupling" of the US S&P 500 Index and the Euro Index, which has in the past enjoyed a strong positive correlation. Let's take a look and see what may be important factors to watch: With the exception of the period just before May 2010's "Flash Crash," the Euro Index and the S&P 500 have enjoyed a close positive relationship. That makes sense, as the US Dollar Index – often strongly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Moves Closer To $100, Gold Rises As Fundamentals Remain Supportive Posted: 12 Jan 2011 08:51 PM PST Commodities – Energy Crude Oil Moves Closer to $100 Crude Oil (WTI) – $91.91 // $0.05 // 0.05% Commentary:Crude oil rose for a third day, with WTI putting in a $0.75, or 0.92%, gain to settle at $91.86, while Brent added $0.51, or 0.52%, to settle at $98.12. Bonny Light surpassed $100 briefly. The Trans-Alaska Pipeline that was shut down earlier this week was partially restarted to prevent crude oil inside from freezing. Crews are still performing repairs, thus the situation is not completely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session Posted: 12 Jan 2011 08:50 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Thursday. USD/CHF was trading at 0.9684, up 0.19% at time of writing. The pair was likely to find support at 0.9632, Monday's low, and resistance at 0.9784, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.21% to hit 1.3103 and USD/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EconomyPolitics 2nd Annual Index Of Economic Efficiency Posted: 12 Jan 2011 08:37 PM PST Note: This article has been authored by Taylor Cottam. We've interviewed Taylor before but for some background, Taylor has managed financial risk and traded fixed income products inside both GMAC bank and other financial institutions in Europe, North America and Canada. He is also the author of Economy Politics, numerous business and economic articles, is a CFA Charterholder, a Certified Financial Risk Manager (FRM) and holds an MBA from INSEAD. The top ten countries in terms of Economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Thursday 13 January Posted: 12 Jan 2011 08:24 PM PST Morning Highlights There Are No Quick Picks For Today! Singapore market rose higher on Wall Street's overnight gains and as sentiment was boosted by a successful Portuguese bond auction Wednesday. STI up 7.66 points to open at 3252.60. Watch out for Economic News Today: European Central Bank Rate Announcement News Updates: U.S. stocks rose, sending the MSCI World Index to the highest level in more than two years, and credit risk subsided on speculation European officials are stepping … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session Posted: 12 Jan 2011 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Thursday. EUR/GBP was trading at 0.8321, down 0.11% at time of writing. The pair was likely to find support at 0.8285, Monday's low, and resistance at 0.8340, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3106 and EUR/JPY falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rising Consumer Inflation: The New World Order By Commodity Posted: 12 Jan 2011 08:09 PM PST Ever since the Great Recession, inflation has been put on the back burner, and deflation is seen as the greatest risk to the U.S. economy. Even as recent as Friday, Jan 7, Federal Reserve Chairman Bernanke told the Senate Budget Committee that low inflation/deflation was a concern, as well as unemployment (more on the jobs situation here.) Deflation Concern Lead To QE2 In fact, Bernanke said the continuing high unemployment and low inflation had prompted the Fed’s decision to purchase … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The Asian Session Posted: 12 Jan 2011 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 83.00, down 0.01% at time of writing. The pair was likely to find support at 82.67, Monday's low, and resistance at 83.49, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.21% to hit 1.3104 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Palladium ETFs Supported By Supply And Demand Imbalance Posted: 12 Jan 2011 07:17 PM PST Imbalances in supply and demand continues to push the price of palladium up, as the metal hit an intraday trading high of $804 a troy ounce, the highest levels in nearly ten years, giving positive support to the ETFS Palladium Shares ETF (PALL) and the ETFS Physical White Metal Basket Shares (WITE). On the demand side, demand is expected to remain healthy and elevated in the near-term future getting support from a recovery in the global automotive sector. As both the developing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SP-500: Doesn’t Look Good — Gold: Trend Line Breaks Posted: 12 Jan 2011 07:17 PM PST Click on the chart to ENLARGE I have been waiting quite some time to write this particular post.  And well, I think the time has come.   I have been amazed by how long the stock market has been able to hold up with sentiment at an extreme. Investor’s Intelligence today reported the highest bullish sentiment of the entire rally – 57.3%.  That is about as nose bleed as this reading ever gets.  Bearish sentiment, by the way, was a scant 19.1%. But it is not the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The Asian Session Posted: 12 Jan 2011 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday. USD/CAD was trading at 0.9862, up 0.04% at time of writing. The pair was likely to find support at 0.9848, Wednesday's low, and resistance at 0.9983, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.3108 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Finally Sells Nan Shan Posted: 12 Jan 2011 07:05 PM PST After several impediments in the way of disposing American International Group Inc.'s (NYSE:AIG) Nan Shan unit in Taiwan, the company has finally decided on Ruentex Group, cement-to-supermarkets conglomerate, according to Reuters and Taiwan newspapers. While the exact price of the deal remains undisclosed, it is expected to range between $2.15 and $2.50 billion. Moreover, an affirmation from the company is still awaited. Last month, AIG saw some light at the end of the tunnel, with handful of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Finally Sells Nan Shan Posted: 12 Jan 2011 07:05 PM PST After several impediments in the way of disposing American International Group Inc.'s (NYSE:AIG) Nan Shan unit in Taiwan, the company has finally decided on Ruentex Group, cement-to-supermarkets conglomerate, according to Reuters and Taiwan newspapers. While the exact price of the deal remains undisclosed, it is expected to range between $2.15 and $2.50 billion. Moreover, an affirmation from the company is still awaited. Last month, AIG saw some light at the end of the tunnel, with handful of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Inventory Watch: U.S. Petroleum Surplus Continues To Erode Posted: 12 Jan 2011 06:51 PM PST Inventories The Department of Energy reported that in the week ending January 7th, 2011, U.S. crude oil inventories decreased by 2.2 million barrels, gasoline inventories increased by 5.1 million barrels, distillate inventories increased by 2.7 million barrels, and total petroleum inventories increased by 0.9 million barrels. U.S. petroleum inventories rose for the first time since the week-ending October 22nd. Nevertheless, the total petroleum surplus continued to plunge; it has now fallen in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Unemployment Rate Falls More-than-expected Posted: 12 Jan 2011 06:40 PM PST Australia's unemployment rate fell more-than-expected last month, official data showed on Thursday. In a report, Australian Bureau of Statistics said that Australian unemployment rate fell to a seasonally adjusted 5.00%, from 5.20% in the preceding month. Analysts had expected Australian unemployment rate to fall to 5.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 12 Jan 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday. AUD/USD was trading at 0.9952, down 0.15% at time of writing. The pair was likely to find support at 0.9804, Tuesday's low, and resistance at 0.9982, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.001% to hit 1.3177 and AUD/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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