Thursday, February 3, 2011

DailyMarkets.com - Even Donald Trump Is Warning That An Economic Collapse Is Coming

DailyMarkets.com - Even Donald Trump Is Warning That An Economic Collapse Is Coming

Even Donald Trump Is Warning That An Economic Collapse Is Coming

Posted: 03 Feb 2011 03:35 AM PST

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.  Using phrases such as “you're going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed.  Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Tumbles To 9-day Low After Upbeat U.K. PMI Data

Posted: 03 Feb 2011 02:37 AM PST

Forex Pros – The euro tumbled to a nine-day low against the pound on Thursday, following data showing the U.K. services sector rebounded sharply in January as business recovered from December's snow-related disruption.

EUR/GBP hit 0.8472 during European morning trade, the pair's lowest since January 21; the pair subsequently consolidated at 0.8486, shedding 0.51%.

The pair was likely to find support at 0.8411, the low of January 20 and resistance at 0.8576, Wednesday's high.

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

Europe Stocks Mixed Ahead Of ECB Rate Decision; DAX Up 0.12%

Posted: 03 Feb 2011 02:25 AM PST

Forex Pros – European stock markets were mixed on Thursday, ahead of a European Central Bank policy board meeting, while U.S. futures indexes pointed to a mixed open on Wall Street.

During European morning trade, the EURO STOXX 50 shed 0.34%, France's CAC 40 dropped 0.91%, while Germany’s DAX added 0.12%.

Shares in the financial sector were mixed after Spain's largest lender Banco Santander said that fourth quarter profit dropped by 4.6% to EUR2.1 billion. However, revenue for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Old Man Winter

Posted: 03 Feb 2011 02:10 AM PST

Old Man Winter is putting a major hurting on many parts of our nation. Let's take a photographic stroll thanks to some fabulous, bone-chilling snapshots provided by the Denver Post.
New Hampshire

Chicago
A satellite view of the United States 
Vermont….why did the owner leave this pooch in the cold?  
Waterbury, Connecticut
Wisconsin

This collection is merely a semblance of the fabulous montage provided at this link.
In the midst of a normal economic period, we would be hearing a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As Euro Softens Ahead Of ECB

Posted: 03 Feb 2011 02:09 AM PST

Forex Pros – The U.S. dollar was mixed against its major rivals on Thursday, while the euro eased off a 12-week high ahead of a European Central Bank policy board meeting later in the day.

During European morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.17% to hit 1.3785.

Earlier, official data showed that retail sales in the euro zone fell unexpectedly in December.

The greenback was down against the pound, with GBP/USD climbing 0.39% to hit 1.6254.

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

Euro Zone Retail Sales Drop Unexpectedly In December

Posted: 03 Feb 2011 02:06 AM PST

Forex Pros – Retail sales in the euro zone fell unexpectedly in December, official data showed on Thursday.

In a report, Eurostat said retail sales fell by a seasonally adjusted 0.6% in December, after dropping by 0.3% in November, whose figure was revised from a decline of 0.8%.

Analysts had expected retail sales to rise by 0.6% in December.

The report showed that year-on-year, retail sales fell unexpectedly, slumping by 0.9% in December, after rising by 0.8% in November. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Monthly Retail Sales Much Worse At -0.6%.

Posted: 03 Feb 2011 02:01 AM PST

Forex Trading: Euro Retail Sales (m/m) At 5

Posted: 03 Feb 2011 01:48 AM PST

Forex – GBP/USD Nears 1-year High As U.K. Services PMI Rebounds

Posted: 03 Feb 2011 01:48 AM PST

Forex Pros – The pound extended gains against the U.S. dollar on Thursday, to trade close to a one-year high as expectations that the Bank of England may need to tighten monetary policy in the first half of 2011 continued to boost the currency.

GBP/USD hit 1.6278 during European morning trade, the pair's highest since November 5; the pair subsequently consolidated at 1.6269, gaining 0.48%.

Cable was likely to find support at 1.6126, Wednesday's low and short-term resistance at 1.6298, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Services PMI Jumps More-than-expected In January

Posted: 03 Feb 2011 01:38 AM PST

Forex Pros – The service sector in the U.K. grew more-than-expected in January, rising to an eight-month high, data showed on Thursday.

In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose to 54.5 in January, after dropping to 49.7 in December.

Analysts had expected the index to rise to 51.1 in January.

On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction.

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

Forex – USD/JPY Edges Higher Amid Fresh Egypt Concerns

Posted: 03 Feb 2011 01:13 AM PST

Forex Pros – The U.S. dollar edged higher against the yen on Thursday, as pro-democracy protests in Egypt turned violent and commodities prices climbed, sparking fears that rising inflationary pressures could threaten the global economic recovery.

USD/JPY hit 81.7 during European morning trade, the daily high; the pair subsequently consolidated at 81.61, gaining 0.08%.

The pair was likely to find support at 81.34, Wednesday's low and a one-month low and resistance at 82.14, Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Final Services PMI Rises Unexpectedly In January

Posted: 03 Feb 2011 01:06 AM PST

Forex Pros – The euro zone’s services sector unexpectedly expanded more than initially projected in January, rising to a five-month high, data showed on Thursday.

In a report, the market research group, Markit said the final euro zone services business activity index rose to 55.9 in January, following a preliminary estimate of 55.2.

Analysts had expected the index to remain unchanged at 55.2 in January.

On the index, a level above 50.0 indicates expansion in the industry, below 50.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro-zone Final Services PMI Slightly Better At 55.9

Posted: 03 Feb 2011 01:00 AM PST

Forex Trading: Euro-zone Final Services PMI At 4

Posted: 03 Feb 2011 12:44 AM PST

Forex – AUD/USD Climbs To 2-day High After Permits, Trade Data

Posted: 03 Feb 2011 12:32 AM PST

Forex Pros – The Australian dollar climbed to a two-day high against its U.S. counterpart on Thursday, boosted by better-than-expected data on building permits and the country's trade surplus.

AUD/USD hit 1.0145 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.0134, gaining 0.33%.

The pair was likely to find support at 1.0053, Wednesday's low and resistance at 1.0223, the high of January 3.

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

Forex – NZD/USD Dips After Weak Q4 Employment Data

Posted: 03 Feb 2011 12:15 AM PST

Forex Pros – The New Zealand dollar was lower against its U.S. counterpart on Thursday, after a rise in the country’s fourth quarter unemployment rate dampened expectations for a medium term interest rate increase.

NZD/USD hit 0.7708 during late Asian trade, the pair's lowest since January 31; the pair subsequently consolidated at 0.7727, dipping 0.05%.

The pair was likely to find support at 0.764, the low of January 26 and resistance at 0.7823, Wednesday's high and a ten-week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed Amid Egypt Unrest; Nikkei Drops 0.25%

Posted: 02 Feb 2011 11:53 PM PST

Forex Pros – Asian stocks were mixed on Thursday, amid concerns over an escalation of violence in Egypt, while markets in Hong Kong and South Korea remained closed in observance of the Chinese Lunar New Year.

During late Asian trade, Japan's Nikkei 225 Index shed 0.25%, Australia's S&P/ASX 200 Index rose 0.50%, while South Korea’s Kospi Composite and Hong Kong’s Hang Seng Index remained closed.
 
On Wednesday, supporters of Egyptian President Hosni Mubarak clashed with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trading Close To 12-week High Ahead Of ECB

Posted: 02 Feb 2011 11:43 PM PST

Forex Pros – The euro edged higher against the U.S. dollar on Thursday, trading close to a 12-week high, ahead of a European Central Bank policy board meeting later in the day.

EUR/USD hit 1.3821 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3824, easing up 0.11%.

The pair was likely to find support at 1.3689, Tuesday's low and short-term resistance at 1.386, Wednesday's high and a 12-week high.

ECB head Jean-Claude Trichet was expected to warn on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Trade Balance Surplus Narrows Unexpectedly In December

Posted: 02 Feb 2011 11:22 PM PST

Forex Pros – Switzerland’s trade balance narrowed unexpectedly in December, official data showed on Thursday.

In a report, Switzerland's Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF1.28 billion in December, down from CHF1.79 billion in November, whose figure was revised down from CHF1.93 billion.

Economists had expected the trade balance surplus to widen to CHF1.97 billion in December.

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

Australia Building Approvals Jump More-than-expected In December

Posted: 02 Feb 2011 11:16 PM PST

Forex Pros – The number of new building approvals issued in Australia rose significantly more-than-expected in December, official data showed on Thursday.

In a report, the Australian Bureau of Statistics said new building approvals issued rose by a seasonally adjusted 8.7% in December, after falling by 3.9% in November, whose figure was revised from a decline of 4.2%.

Analysts had expected new building approvals issued to rise by 1.3% in December.

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

Bull Of The Day: Brinker International (EAT)

Posted: 02 Feb 2011 11:05 PM PST

Brinker International (NYSE:EAT) reported second quarter 2011 earnings above the Zacks Consensus Estimate. The upside in earnings was driven by continued margin expansion at Chili’s and top-line growth at Maggiano’s.
The company is repositioning its Chili’s brand and is undertaking several initiatives to offset its declining sales momentum and record more sustainable and stable growth. Brinker also reiterated its goal to achieve 400 bps of net operating margin growth at Chili’s and double its EPS … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Tellabs, Inc. (TLAB)

Posted: 02 Feb 2011 11:05 PM PST

We downgrade our recommendation for Tellabs Inc. (NASDAQ:TLAB) to Underperform, following its poor financial results of the fourth quarter of 2010, well below the Zacks Consensus Estimates. The company is facing serious problems with its key customer AT&T, which accounts for 35% of total revenue in 2010.
We believe Tellabs will continue to lose businesses from AT&T as depicted by its extremely weak revenue outlook for the first quarter of 2011. More disastrous is that, Tellabs’ highly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Blackrock, Inc.

Posted: 02 Feb 2011 11:05 PM PST

As the S&P continues to climb, more investors pile into equities. That’s good news for Blackrock, Inc. (NYSE:BLK). The investment management firm recently delivered its third consecutive positive earnings surprise driven by higher assets under management.
Earnings estimates have been surging since the latest earnings beat, sending the stock to a Zacks #1 Rank (Strong Buy).
Fourth Quarter Results
Blackrock reported fourth quarter earnings per share of $3.42, crushing the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Western Union Delivers Ahead

Posted: 02 Feb 2011 10:35 PM PST

Western Union Co.'s(NYSE:WU) fourth quarter earnings came in at 38 cents per share, 4 cents ahead of the Zacks Consensus Estimate, benefiting from a strong margin improvement led by its Consumer-to-Consumer (C2C) segment. The earnings also compared favorably with 32 cents in the prior-year quarter. 
Western Union's revenues for the quarter were $1.4 billion, ahead of the Zacks Consensus Estimate of $1.3 billion and up 3% year over year. On a constant currency basis, revenues were up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session

Posted: 02 Feb 2011 10:23 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3798, down 0.08% at time of writing.

The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3862, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8520 and EUR/JPY rising 0.001% 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: 02 Feb 2011 09:53 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.6189, down 0.01% at time of writing.

The pair was likely to find support at 1.5822, Monday's low, and resistance at 1.6230, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8522 and GBP/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down During The Asian Session

Posted: 02 Feb 2011 09:23 PM PST

Forex Pros – The Euro was lower against the Swiss Franc on Thursday.

EUR/CHF was trading at 1.2968, down 0.10% at time of writing.

The pair was likely to find support at 1.2780, Monday's low, and resistance at 1.3014, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.16% to hit 1.3787 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session

Posted: 02 Feb 2011 08:53 PM PST

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

USD/CHF was trading at 0.9404, up 0.04% at time of writing.

The pair was likely to find support at 0.9329, Wednesday's low, and resistance at 0.9456, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.09% to hit 1.3796 and USD/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session

Posted: 02 Feb 2011 08:28 PM PST

Forex Pros – The Euro was lower against the British Pound on Thursday.

EUR/GBP was trading at 0.8522, down 0.09% at time of writing.

The pair was likely to find support at 0.8510, Tuesday's low, and resistance at 0.8620, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.17% to hit 1.3786 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session

Posted: 02 Feb 2011 08:08 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of N.Z. data on Employment Change.

NZD/USD was trading at 0.7718, down 0.20% at time of writing.

The pair was likely to find support at 0.7686, Monday's low, and resistance at 0.7825, Wednesday's high.

Earlier in the day, official data showed that New Zealand's employment change fell unexpectedly to a seasonally adjusted -0.50% in the last quarter from 1.00% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises As Geopolitical Concerns Linger, Gold Inches Lower After Channel Test

Posted: 02 Feb 2011 07:51 PM PST

Commodities – Energy
Crude Rises as Geopolitical Concerns Linger
Crude Oil (WTI) – $90.89 // $0.12 // 0.13%
Commentary: Crude oil was higher on Wednesday, with WTI inching higher by $0.09, or 0.1%, to settle at $90.86, while Brent rose by $0.22, or 0.21%, to settle at $102.56. The protests in Egypt turned violent according to news headlines throughout the day, thus the geopolitical premium in crude oil prices was maintained. If and when the situation settles down, prices are likely due for a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 02 Feb 2011 07:43 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.

USD/JPY was trading at 81.63, up 0.09% at time of writing.

The pair was likely to find support at 81.32, Tuesday's low, and resistance at 82.26, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.03% to hit 1.3804 and GBP/USD falling 0.001% 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: 02 Feb 2011 07:13 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.

USD/CAD was trading at 0.9880, up 0.03% at time of writing.

The pair was likely to find support at 0.9860, Wednesday's low, and resistance at 1.0058, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.02% to hit 1.3806 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The Asian Session

Posted: 02 Feb 2011 06:33 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Trade Balance.

AUD/USD was trading at 1.0110, up 0.09% at time of writing.

The pair was likely to find support at 0.9867, Monday's low, and resistance at 1.0148, Tuesday's high.

Earlier in the day, official data showed that Australia's trade balance rose more-than-expected to a seasonally adjusted 1.98B last month from 2.08B in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 02 Feb 2011 06:08 PM PST

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

EUR/USD was trading at 1.3809, up 0.001% at time of writing.

The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3862, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8526 and EUR/JPY rising 0.08% 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: 02 Feb 2011 05:38 PM PST

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

EUR/JPY was trading at 112.71, up 0.08% at time of writing.

The pair was likely to find support at 111.41, Monday's low, and resistance at 112.92, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.01% to hit 1.3807 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, February 2, 2011

Posted: 02 Feb 2011 04:48 PM PST

Stocks spent most of today’s session digesting the gains from this week.  Investor participation was quiet and market breadth in general was neutral.  As we mentioned in last night’s post the Nasdaq Composite is lagging the DJIA and S&P 500.  In today’s session the Nasdaq Composite flirted with trying to take out the 2,755 level for the second session in a row.  While both the DJIA and S&P 500 have broken out into new ground the Nasdaq Composite remains below its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HFT And System Stability

Posted: 02 Feb 2011 12:38 AM PST

I spend a lot of time thinking about risks to my models and forecasts. In my readings, one of the risks that doesn’t seem to get mentioned very much is the instability from high frequency trading (HFT) algorithms. For the newbies, see this video for a primer on HFT.

The evolution of HFT
Long ago, before trading algos dominated stock exchange volume, trading was a relatively simple matter. Buyers and sellers met on the stock exchange floor in a price discovery process. Eventually trades got … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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