Wednesday, February 9, 2011

DailyMarkets.com - 10 Reasons Why It Has Become So Difficult To Find A Job In America Today

DailyMarkets.com - 10 Reasons Why It Has Become So Difficult To Find A Job In America Today


10 Reasons Why It Has Become So Difficult To Find A Job In America Today

Posted: 09 Feb 2011 03:35 AM PST

Have you been unemployed lately?  If so, then you probably know how frustrating it is to try to find a job in the United States today. It now takes the average unemployed worker about 33 weeks to find a job.  There are millions of Americans that have not been able to find a full-time job even after searching hard for an entire year.  Some areas of the United States have been devastated so badly by the economic downturn that they are starting to resemble war zones.  Unless you have … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Euro Testing Previous Support

Posted: 09 Feb 2011 03:11 AM PST

You can see below that the EUR/USD is testing the 1.3615 level, which has shown the pair hourly support multiple times this month. A sustained move through this level could see the pair visit 1.35912; the 23.6% fibo line on the hourly move from February 2nd highs to the low on the 7th. Continued support could see the pair back at the 38.2% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Edges Higher After U.K. Trade Gap Widens

Posted: 09 Feb 2011 02:22 AM PST

Forex Pros – The euro eased off a daily low against the pound on Wednesday, after official data showed that the U.K.’s goods trade deficit widened again in December from November’s record gap.

EUR/USD retreated from 0.8476, the daily low, to hit 0.8486 during European morning trade, easing up 0.08%.

The pair was likely to find support at 0.8418, Tuesday's low and resistance at 0.8531, the high of February 3.

The Office for National Statistics said that Britain’s goods trade gap widened … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Stocks Fluctuate Amid Flurry Of Earnings Reports; DAX Up 0.15%

Posted: 09 Feb 2011 02:09 AM PST

Forex Pros – European stock markets fluctuated between gains and losses on Wednesday, as investors digested a flurry of mixed earnings reports, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 was down 0.02%, France's CAC 40 climbed 0.04%, while Germany’s DAX gained 0.15%.

Shares in the world's fourth largest pharmaceutical firm Sanofi-Aventis dropped 1.72% after it reported fourth quarter net profit declined by 64% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Eases Up To 3-week High As Risk Appetite Stays Strong

Posted: 09 Feb 2011 02:03 AM PST

Forex Pros – The U.S. dollar edged up to a three-week high against the Swiss franc on Wednesday, after China's interest rate increase on Tuesday had a limited impact on the outlook for global growth going forward.

USD/CHF hit 0.9654 during European morning trade, the pair's highest since January 21; the pair subsequently consolidated at 0.9639, easing up 0.08%.

The pair was likely to find support at 0.9522, Tuesday's low and resiatance at 0.9686, the high of January 21.

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


Israel Set To Join The Rich Countries Club

Posted: 09 Feb 2011 02:01 AM PST

From Israel, there is good news and bad news.

The good news – and it is huge – is that Israel will soon be awash in natural gas. Gas discovered on the country’s outer continental shelf will turn the country from being hydrocarbon-deprived to being a net exporter.

Indeed, Israel is set to become so rich that it is laying the groundwork for creating a sovereign wealth fund for overseas investments in order to protect the country from inflation and the shekel from getting too … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Goods Trade Deficit Widens More-than-expected In December

Posted: 09 Feb 2011 01:44 AM PST

Forex Pros – The U.K.'s goods trade deficit widened more-than-expected in December, rising to a record high, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said the country’s goods trade deficit widened to a seasonally adjusted GBP9.25 billion in December, compared to a deficit of GBP8.5 billion in November, whose figure was revised from a deficit of GBP8.7 billion.

Economists had expected the goods trade deficit to widen to GBP8.6 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals As China Rate Impact Limited

Posted: 09 Feb 2011 01:23 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, after China's interest rate increase on Tuesday had a limited impact on the outlook for global economic growth.

During European morning trade, the greenback was down against the euro, with EUR/USD easing up 0.11% to hit 1.364.

Earlier Wednesday, official data showed that Germany's trade surplus rose more-than-expected in December, increasing to EUR14.0 billion, up from EUR11.8 billion in November.

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


Forex – GBP/USD Up After CBI Raises Inflation Forecast

Posted: 09 Feb 2011 12:53 AM PST

Forex Pros – The pound was up against the U.S. dollar on Wednesday, after the Confederation of British Industry raised its inflation forecast and said it was now more likely that the Bank of England would increase interest rates in the second quarter.

GBP/USD hit 1.61 during European morning trade, the daily high; the pair subsequently consolidated at 1.6088, rising 0.12%.

Cable was likely to find support at 1.6027, Tuesday's low and a one-week low and resistance at 1.6161, Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBP/USD Advancing

Posted: 09 Feb 2011 12:38 AM PST

In recent trade, the GBP has been making gains against the USD and seems to be making a pass through the 23.6% line on the move from Feb 3rd highs to yesterdays lows. A close above this 1.6085 level could be a bullish signal in which case we would look to 1.61217 as the next target; both the 38.2% line and 100 hour moving average come in near this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Yen Slips Against Dollar As Markets Digest China Rate Hike

Posted: 09 Feb 2011 12:31 AM PST

Forex Pros – The U.S. dollar eased up to an eight-day high against the yen on Wednesday, as China’s interest rate increase did little to change the favorable outlook for global growth.

USD/JPY hit 82.51 during late Asian trade, the pair's highest since January 28; the pair subsequently consolidated at 82.45, easing up 0.1%.

The pair was likely to find support at 81.76, Tuesday's low and resistance at 82.91, the high of January 28.

On Tuesday, The People's Bank of China unexpectedly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down Ahead Of Australian Jobs Data

Posted: 09 Feb 2011 12:05 AM PST

Forex Pros – The Australian dollar was down against its U.S. counterpart on Wednesday, ahead of the release of Australian employment data which could have a significant impact on the interest rate outlook.

AUD/USD hit 1.0116 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0118, shedding 0.28%.

The pair was likely to find support at 1.0053, the low of February 2 and resistance at 1.0189, Tuesday's high.

Ahead of the release of the report, the Australian … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down After NZ Finance Minister Remarks

Posted: 08 Feb 2011 11:50 PM PST

Forex Pros – The New Zealand dollar was down against its U.S. counterpart on Wednesday, after remarks by the country's finance minister raised fears that the country could be in a double-dip recession.

NZD/USD hit 0.7706 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7704, shedding 0.58%.

The pair was likely to find support at 0.764, the low of January 26 and resistance at 0.7785, Tuesday's high.

Earlier in the day, Minister of Finance Bill English told … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Broadly Lower After PBOC Rate Hike; Nikkei Down 0.17%

Posted: 08 Feb 2011 11:49 PM PST

Forex Pros – Asian stocks were broadly lower on Wednesday, as shares linked to China led markets lower after the country' central bank unexpectedly raised its benchmark interest rate on Tuesday. 

During late Asian trade, Hong Kong’s Hang Seng Index dropped 1.38%, South Korea’s Kospi Composite tumbled 1.17%, while Japan's Nikkei 225 Index was down 0.17%.

The People's Bank of China unexpectedly raised its benchmark interest rate on Tuesday, for the third time since mid-October, as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up As China Rate Bump Impact Minimal

Posted: 08 Feb 2011 11:36 PM PST

Forex Pros – The euro was up against the U.S. dollar on Wednesday, as it became apparent that China's interest rate increase on Tuesday would not impact on hopes for a sustained economic recovery.

EUR/USD hit 1.3662 during late Asian trade, the daily high; the pair subsequently consolidated at 1.365, gaining 0.19%.

The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3824, the high of February 3.

Earlier in the day, official data showed that German exports … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Wednesday 09 February

Posted: 08 Feb 2011 11:33 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore stocks are mostly lowered, with STI down 7.09 points to open at 3178.27. Other Asian markets are also adversely affected with China property shares dropping on policy-tightening fears after Beijing’s rate hike late, while many major Asian energy stocks also fall. Hong Kong drop on property…
News Updates:

China raised lending and deposit rates for the third time since mid-October after growth accelerated and inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: General Electric Co.

Posted: 08 Feb 2011 11:10 PM PST

Mega cap General Electric Co. (NYSE:GE) is trading like a small cap, with shares recently hitting a new multi-year high on the company’s strong Q4 results from early January. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock is a smorgasbord of momentum.
Company Description
General Electric is a conglomerate that operates in 5 different business segments including financial services, technology and media. The company was founded in 1892 and has a market cap of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Plexus Corporation (PLXS)

Posted: 08 Feb 2011 11:10 PM PST

Plexus Corp. (NASDAQ:PLXS) posted mixed first quarter 2011 results with earnings surpassing but revenues missing the respective Zacks Consensus Estimates marginally. Plexus reduced its outlook for the next two quarters of 2011 due to significant headwinds resulting from a slow down in production for two significant customers, an increase in operating costs and a significant production delay for the Coca-Cola Company.
Plexus’ weak revenue outlook will weigh on the company’s 2011 results. Intense … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Apple, Inc. (AAPL)

Posted: 08 Feb 2011 11:10 PM PST

Apple Inc.’s (NASDAQ:AAPL) posted stellar first quarter 2011 results beating the Zacks Consensus Estimate. The outperformance was driven by strong iPhone, Mac and iPad sales. Over the last four quarters, Apple has surpassed the Zacks Consensus Estimate by 21.3%.
The outlook for Mac, iPad and iPhone remains robust, backed by domestic and international demand, boding well for Apple’s revenues and earnings. With a loyal customer base, international expansion, competitive pricing strategy and solid cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Transcend Services

Posted: 08 Feb 2011 11:10 PM PST

Transcend Services (NASDAQ:TRCR) is coming off a solid quarterly report, thanks to the smooth integration of its newest acquisition.
This Zacks #1 Rank (Strong Buy) has double-digit growth, increasing estimates and attractive valuations.
Company Description
Transcend Services provides clinical documentation services for healthcare organizations, included transcription, data extraction and reporting tools.
Better Than Expected Quarter
Transcend Services announced fourth-quarter and year-end results … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Inter Parfums, Inc.

Posted: 08 Feb 2011 11:10 PM PST

Estimates have been rising for Inter Parfums Inc. (NASDAQ:IPAR) as the company continues to grow sales and expand its margins.
Based on the Zacks Consensus Estimate, analysts expect 10% EPS growth in 2010 and 14% growth in 2011. The company also pays a dividend that yields 1.5%. It is a Zacks #2 Rank (Buy) stock.
Company Description
Inter Parfums manufactures, markets and distributes perfumes and cosmetics. Together, co-founders Jean Madar and Philippe Benacin own nearly 50% of the company. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 08 Feb 2011 10:20 PM PST

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

EUR/USD was trading at 1.3646, up 0.15% at time of writing.

The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3688, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8489 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up In Asian Trade

Posted: 08 Feb 2011 09:50 PM PST

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

GBP/USD was trading at 1.6074, up 0.03% at time of writing.

The pair was likely to find support at 1.6029, Tuesday's low, and resistance at 1.6185, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8489 and GBP/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Trading Plan For Wednesday: Beazer Homes, Amedisys, Dean Foods, Asia-Info Linkage, ReneSola, Entercom

Posted: 08 Feb 2011 09:40 PM PST

The market is once again levitating on low volume up days into new high territory. We can't really get any solid pullbacks to help us reset the charts so this makes us more weary of making new stock trades but regardless we have a number of decent looking stocks. We prefer to take our trades in a stretched market when the major indices are also ready for a big move higher but we will attempt these trades with the understanding that the market winds may be a little more in our face … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Avon Products Misses Our Estimates

Posted: 08 Feb 2011 09:40 PM PST

Avon Products Inc. (NYSE:AVP) recently posted fourth-quarter 2010 adjusted earnings of 59 cents a share, which fell short of the Zacks Consensus Estimate of 67 cents and dipped 13.2% from the year-ago figure of 68 cents a share.
For the fiscal 2010, the company reported adjusted earnings per share of $1.80 compared with $1.75 in the year-ago quarter. Earnings also failed to meet the Zacks Consensus Estimate of $1.89 per share.
On a reported basis, including one-time items, earnings dropped 15% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 08 Feb 2011 09:20 PM PST

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

EUR/CHF was trading at 1.3152, up 0.21% at time of writing.

The pair was likely to find support at 1.2880, Friday's low, and resistance at 1.3159, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.3648 and EUR/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During Asian Trade

Posted: 08 Feb 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9635, up 0.03% at time of writing.

The pair was likely to find support at 0.9454, Friday's low, and resistance at 0.9654, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.15% to hit 1.3646 and USD/JPY rising 0.05% 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: 08 Feb 2011 08:20 PM PST

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

EUR/GBP was trading at 0.8496, up 0.19% at time of writing.

The pair was likely to find support at 0.8389, Monday's low, and resistance at 0.8508, Tuesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.18% to hit 1.3649 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Shrugs Off China Rate Hike, Gold Rebounds On JP Morgan News

Posted: 08 Feb 2011 07:51 PM PST

Commodities – Energy
Crude Shrugs off China Rate Hike
Crude Oil (WTI) – $87.47 // $0.53 // 0.61%
Commentary: Crude oil rose on Tuesday, shrugging off a 25 basis point interest rate hike by the People's Bank of China. Brent added $0.67, or 0.68%, to settle at $99.92, after reaching as low as $97.51 early in the session. WTI fell $0.54, or 0.62%, to settle at $86.94.
China raised its benchmark 1-year lending rate to 6.06% and the 1-year deposit rate to 3%. China has now raised rates 75bps … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During Asian Trade

Posted: 08 Feb 2011 07:40 PM PST

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

USD/JPY was trading at 82.35, down 0.02% at time of writing.

The pair was likely to find support at 81.13, Friday's low, and resistance at 82.47, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.15% to hit 1.3645 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down In Asian Trading Hours

Posted: 08 Feb 2011 07:10 PM PST

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

USD/CAD was trading at 0.9946, down 0.06% at time of writing.

The pair was likely to find support at 0.9832, Friday's low, and resistance at 0.9978, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.09% to hit 1.3637 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 Asian Trade

Posted: 08 Feb 2011 06:30 PM PST

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

AUD/USD was trading at 1.0135, down 0.12% at time of writing.

The pair was likely to find support at 1.0104, Monday's low, and resistance at 1.0200, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.18% to hit 1.3454 and AUD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Delusion Or Reality?

Posted: 08 Feb 2011 06:09 PM PST

Confirmation bias

A tendency for people to favor information that confirms their preconceptions or hypotheses regardless of whether the information is true.

Below are snippets from three blog posts I read today that caught my eye.
I ask you: Does the fact that I am highlighting these items mean I am a delusional permabear with a serious case of confirmation bias? In other words, am I refusing to see the positive light streaming through the darkness?
Or is this what … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 08 Feb 2011 06:05 PM PST

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

EUR/USD was trading at 1.3638, up 0.10% at time of writing.

The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3688, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8488 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During Asian Trade

Posted: 08 Feb 2011 05:35 PM PST

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

EUR/JPY was trading at 112.25, up 0.02% at time of writing.

The pair was likely to find support at 110.78, Friday's low, and resistance at 112.31, Tuesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.09% to hit 1.3638 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, February 8, 2011

Posted: 08 Feb 2011 04:58 PM PST

Stocks turned early losses into gains into today’s session.  The major indexes now sit at new two or three year highs.  Market breadth was decent and investor participation was ok.  The risk trade was on today with the consumer discretionary sector leading the way and utilities lagging.  Staying with the trend we are raising the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  Stocks have continued on their torrid … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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