Monday, February 21, 2011

DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

Forex – GBP/JPY Down During The Asian Session

Posted: 21 Feb 2011 05:10 PM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday.

GBP/JPY was trading at 134.37, down 0.40% at time of writing.

The pair was likely to find support at 134.09, today's low, and resistance at 135.50, Friday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.23% to hit 1.6189 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NYFP’s Wall Street Lingo: Evolution Of Ticker Tape

Posted: 21 Feb 2011 05:00 PM PST

02/21/11 In this week’s installment of Wall Street Lingo, Alan Valdes director of trading operations at DME Securities, gives us a quick history lesson on the evolution & importance of the ticker tape at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Coming Boom

Posted: 21 Feb 2011 04:49 PM PST

“I’ve noticed that there appears to be more hopelessness.”
–Dorothy Triplett, The Crisis Line
Apparently, Wall Street sees a big boom on the horizon.
The question is, does it look like this –

(Image: source.)
or like this –

(Image: source.)
I reckon after you read this collection of recent reports, you’ll know exactly which one applies:
“Recession Depression” (Hattiesburg American)
Dorothy Triplett runs The Crisis Line, a confidential hotline for Jackson area residents experiencing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down In Asian Trade

Posted: 21 Feb 2011 04:30 PM PST

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

NZD/USD was trading at 0.7570, down 0.90% at time of writing.

The pair was likely to find support at 0.7538, Thursday's low, and resistance at 0.7657, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.57% to hit 1.3290 and EUR/NZD rising 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

I Smell (FOOD)!

Posted: 21 Feb 2011 04:00 PM PST

Good morning everyone! Speaking of mornings, I am very hungry since I haven't had my breakfast yet. And guess what?! I smell (FOOD) from outside my hotel room. Literally! Anyway, today's stock feature is about Alliance Select Foods, Inc. or FOOD in the Philippine Stock Exchange which was formerly known as Alliance Tuna International, Inc. or TUNA. In my entry last February 3 (kindly see it here), I suggested that FOOD could swing up to another level soon. However, that did not pan out well … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tomorrow’s Trades (Today!)

Posted: 21 Feb 2011 03:00 PM PST

Scroll down the page to see Tomorrow’s Trades (Today!)
*
Many readers have requested that I post trade ideas in advance of my purchases and sales.  This page will be an experiment to see whether this kind of information is useful to my valued readers, such as yourself! 

I will not be able to act on every buy idea I present but will give each trade my full attention from buy to sell - whether or not my money is participating. 

My goal is to post these buy and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Precious Metals Breakout On Middle Eastern Turmoil

Posted: 21 Feb 2011 01:53 PM PST

This is an excerpt of what my premium readers received Friday Morning 2-18-11.
We are constantly being advised that the Egyptian military has the situation under control. As the situation develops it's becoming increasingly apparent that there is something wrong with this picture. The military and the media assure us that the morganatic wedding between the generals and the masses will proceed as scheduled. As the old song goes, "It's time to wind up the masquerade… the piper must be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ron Paul Says ‘Buy Cheap China Goods’

Posted: 21 Feb 2011 11:54 AM PST

Usually, I lean towards agreeing with what Ron Paul says outside when he wanted to legalize marijuana, as if alcohol wasn't bad enough and this would simply legitimize drug cartels who could undercut everybody.  This is another time I can not agree with him at all.

We need money as a nation (debt/deficit) and our producers are struggling to compete against China's cheap goods and manipulated cheap currency (less money, less businesses, less jobs).  Why would Ron Paul say buy the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intrade Introduces Inflation Futures Contracts

Posted: 21 Feb 2011 10:43 AM PST

Inflation has been getting lots of attention lately.  For example, do a Google News search for terms like “rising inflation,” “inflationary pressures” or “rising food prices” and you’ll find almost 3,000 results each.  Interestingly, you’ll get about the same number of results for the word “deflation.”  

According to the most recent WSJ Economic Forecasting Survey, the consensus of more than 50 economists and analysts is that CPI inflation will be 2.1% in December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intrade Odds On Gaddafi Jump As He Flees

Posted: 21 Feb 2011 10:01 AM PST

Intrade Odds for Muammar al-Gaddafi to no longer be leader of Libya by December 2011 just shot up to 79% (see chart above), as news reports are saying he is fleeing to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NetFlix, Butterflies, & Option Expiration

Posted: 21 Feb 2011 09:56 AM PST

"I love the smell of napalm in the morning" Lt Col Bill Kilgore, Apocalypse Now
One of the opportunities available to the knowledgeable options trader is the ability to capitalize on major price movements while maintaining an acceptable risk profile. These opportunities are particularly attractive when they occur late in the options cycle because of the rapidly accelerating decay of the time premium of options. In appropriately structured positions, this time decay can be a wind at your … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 1.41%

Posted: 21 Feb 2011 09:55 AM PST

Forex Pros – European stocks were down after the closing bell on Monday.

At the close of European trade, Germany's DAX fell 1.41%, London's FTSE 100 shed 1.12%, France's CAC 40 declined 1.44% and the EURO STOXX 50 was down 1.81%.

Earlier in the day, preliminary data showed that the euro zone's manufacturing PMI rose unexpectedly to 59.00 last month, from 57.30 in the preceding month.

Analysts had expected the euro zone's manufacturing PMI to fall to 57.00 last month.

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