DailyMarkets.com - Housing Armageddon: 12 Facts Showing We Are In The Midst Of The Worst Housing Collapse In U.S. History
DailyMarkets.com - Housing Armageddon: 12 Facts Showing We Are In The Midst Of The Worst Housing Collapse In U.S. History |
- Housing Armageddon: 12 Facts Showing We Are In The Midst Of The Worst Housing Collapse In U.S. History
- Credit Limits Reduced – What’s Its Impact On Your Credit Score?
- Forex – Dollar Down Against Swiss Franc As Higher Oil Prices Weigh
- Crude Oil Rises On Supply Fears, Gold Falls As Correction Resumes
- Stocks To Watch On Tuesday: Exxon Mobil, Anadarko Petroleum, BP, Sanofi-Aventis
- Forex – GBP/USD Soars To 11-week High After Record U.K. PMI
- Euro Stocks Broadly Higher On Upbeat Earnings; DAX Up 0.98%
- Euro Zone Unemployment Rate Remains Unchanged In December
- Forex Trading: Euro Unemployment Unchanged At 10%
- Forex Trading: Euro-zone Unemployment @ 5
- U.K. Net Lending To Individuals Declines Unexpectedly
- U.K. Manufacturing PMI Rises To Record High In January
- Forex – Dollar Down Across The Board As Euro, Pound Gain
- German Unemployment Change Declines More-than-expected
- Forex – GBP/USD Surges To 10-week High, Tracking Euro Gains
- Forex – USD/JPY Hits 1-month Low As Oil Prices Jump
- Forex Trading: EUR/USD Finds Resistance At 1.3756
- Swiss SVME PMI Falls Less-than-expected In January
- Swiss Retail Sales Drop Unexpectedly In December
- Could China Be Forced To Bring A New Global Recession By 2015?
- Forex – NZD/USD Moves Higher As Risk Appetite Improves
- Rudolph Beats Estimates
- Forex Trading: Euro Full Retracement
- Asia Stocks Broadly Higher On Energy Stocks; Nikkei Up 0.36%
- Forex – GBP/CHF Down On Economic Data
- Forex – AUD/USD Surges To 9-day High On RBA Rate Statement
- What Kind Of Stock Market Correction Is This?
- Roper Beats With Strong Top Line
- Rudolph Beats Estimates
- Forex – EUR/USD Nears Two-month High On ECB Rate Bump View
- Roper Beats With Strong Top Line
- U.K. Nationwide HPI Falls Less-than-expected In January
- Reserve Bank Of Australia Leaves Interest Rate Unchanged At 4.75%
- Bear Of The Day: Rite Aid Corporation (RAD)
- Momentum Stock: Holly Corp.
- Growth & Income Stock: IGate Corporation
- Aggressive Growth Stock: Arctic Cat
- Bull Of The Day: Perrigo Company (PRGO)
- Forex – EUR/USD Up During The Asian Session
- Forex – GBP/USD Up During The Asian Session
- Forex – EUR/CHF Down During The Asian Session
- Million Man March Leaves U.S. Stock Market Vulnerable Short-Term
- Forex – USD/CHF Down During The Asian Session
- Long And Short Stock Setups For Tuesday: Fifth Third Bancorp, Amerigroup, Ambev, Corn Products, Harmonic, Harley-Davidson, Banco Itau
- Stock Market Strategy For The First Day Of The Month
- Forex – EUR/GBP Down During The Asian Session
- Chrysler Struggles, Stays Ambitious
- The “Detroitification” Of Detroit
- Australian Dollar Holds Near Parity After RBA Rate Decision
- Reserve Bank Of Australia Holds Rate At 4.75%
- Forex – USD/JPY Down During The Asian Session
- Chrysler Struggles, Stays Ambitious
- WTI Crude Oil Aiming For $100 Per Barrel
- Who Is More Effective, Wikileaks Or SEC?
- Forex – USD/CAD Down During The Asian Session
- Forex – AUD/USD Up During The Asian Session
- Still Having An Impact
| Posted: 01 Feb 2011 03:35 AM PST We are officially in the middle of the worst housing collapse in U.S. history – and unfortunately it is going to get even worse. Already, U.S. housing prices have fallen further during this economic downturn (26 percent), then they did during the Great Depression (25.9 percent). Approximately 11 percent of all homes in the United States are currently standing empty. In fact, there are many new housing developments across the U.S. that resemble little more than ghost towns because … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Credit Limits Reduced – What’s Its Impact On Your Credit Score? Posted: 01 Feb 2011 03:20 AM PST "I don't know what happened. Bang, Boom they reduced the amounts I could borrow. Josh at the lodge said they reduced my credit score too. I didn't do anything wrong. I made all my payments on time. My credit scores can't go down, can they?" asked Ralph in a loud, hurt voice. Norton knew the answer, but he wanted to calm Ralph down first. He asked for details of what happened. Ralph explained that he received a letter explaining that his line of credit had been … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Down Against Swiss Franc As Higher Oil Prices Weigh Posted: 01 Feb 2011 02:58 AM PST Forex Pros – The U.S. dollar was down against the Swiss franc on Tuesday, as political upheaval in Egypt sent oil prices higher, sparking fears that U.S. economic recovery could lose momentum. USD/CHF hit 0.9391 during European morning trade, the daily low; the pair subsequently consolidated at 0.9409, shedding 0.31%. The pair was likely to find support at 0.9366, Monday's low and a one-month low and resistance at 0.9522, the high of January 25. Earlier in the day, Brent crude oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Rises On Supply Fears, Gold Falls As Correction Resumes Posted: 01 Feb 2011 02:56 AM PST Commodities – Energy
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| Stocks To Watch On Tuesday: Exxon Mobil, Anadarko Petroleum, BP, Sanofi-Aventis Posted: 01 Feb 2011 02:43 AM PST BP (NYSE:BP) – Co.'s Q4 net income USD 5.57bln vs. Prev. USD 4.3bln, and Q4 replacement cost profit USD 4.61bln vs. Prev. USD 3.45bln. Co. said Q4 results include USD 1bln spill charge. Co. reinstates quarterly dividend and said will pay USD 0.07 per ordinary share. Co.'s chairman said will grow the dividend level over time. Co. said it is on track to meet target of USD 30bln of divestments. (RTRS) UK ARM Holdings – Co.'s Q4 revenue GBP 113.9mln vs. Exp. GBP 105.8mln, FY … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Soars To 11-week High After Record U.K. PMI Posted: 01 Feb 2011 02:19 AM PST Forex Pros – The pound rose to its highest level in eleven weeks against the U.S. dollar on Tuesday, after a report showed that manufacturing activity in the U.K. in January grew at its fastest pace since records began in 1992. GBP/USD hit 1.6142 during European morning trade, the pair's highest since November 15; the pair subsequently consolidated at 1.6118, surging 0.65%. Cable was likely to find support at 1.6009, the days low and short-term resistance at 1.6153, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Stocks Broadly Higher On Upbeat Earnings; DAX Up 0.98% Posted: 01 Feb 2011 02:11 AM PST Forex Pros – European stock markets were broadly higher on Tuesday, as upbeat earnings reports boosted market sentiment, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 jumped 0.93%, France's CAC 40 was up 0.84%, while Germany’s DAX climbed 0.98%. Shares in Europe's second largest semiconductor manufacturer Infineon Technologies surged 2.67% after it reported a 72% jump in fiscal first quarter net income. The company … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Zone Unemployment Rate Remains Unchanged In December Posted: 01 Feb 2011 02:08 AM PST Forex Pros – The euro zone's unemployment rate remained unchanged in December, official data showed on Tuesday. In a report, Eurostat said that the euro zone's unemployment rate held steady at a seasonally adjusted rate of 10.0% in December, unchanged from 10.0% in November, whose figure was revised down from 10.1%. Analysts had expected the euro zone's unemployment rate to hold steady at 10.1% in January. According to the data, the number of unemployed people in the euro zone was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Euro Unemployment Unchanged At 10% Posted: 01 Feb 2011 02:00 AM PST |
| Forex Trading: Euro-zone Unemployment @ 5 Posted: 01 Feb 2011 01:54 AM PST |
| U.K. Net Lending To Individuals Declines Unexpectedly Posted: 01 Feb 2011 01:43 AM PST Forex Pros – Net lending to individuals in the U.K. declined unexpectedly in December, official data showed on Tuesday. In a report, the Bank of England said net lending to individuals fell by GBP0.1 billion in December, down from GBP0.4 billion in November, whose figure was revised down from GBP0.7 billion. Analysts had expected net lending to rise by GBP0.6 billion in December. The report also showed that the number of final mortgage approvals rose less-than-expected in December, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Manufacturing PMI Rises To Record High In January Posted: 01 Feb 2011 01:39 AM PST Forex Pros – Manufacturing activity in the U.K. increased unexpectedly in January, rising to a record high, data showed on Tuesday. In a report, market research group Markit said that its U.K. manufacturing PMI rose to a seasonally adjusted 62.0 in January, after rising to 58.7 in December, whose figure was revised up from 58.3. Analysts had expected the manufacturing PMI to fall to 58.1 in January. On the index, a reading above 50.0 indicates industry expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Down Across The Board As Euro, Pound Gain Posted: 01 Feb 2011 01:17 AM PST Forex Pros – The U.S. dollar was down against its major counterparts on Tuesday, amid concerns that escalating oil prices, partially fuelled by ongoing unrest in Egypt, could impair the U.S. economic recovery. During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.13% to hit 1.3711. Earlier, official data showed that level of employment in Germany rose for the 11th consecutive month in December, lifting the overall level to its highest point in over … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| German Unemployment Change Declines More-than-expected Posted: 01 Feb 2011 01:06 AM PST Forex Pros – The number of unemployed people in Germany declined more-than-expected in January, official data showed on Tuesday. In a report, Germany’s Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 13K in January, after rising by 1K in December. Analysts had expected the number of unemployed people to decline by 10K in January. The report also showed that Germany's unemployment rate unexpectedly declined in January, falling to 7.4%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Surges To 10-week High, Tracking Euro Gains Posted: 01 Feb 2011 12:57 AM PST Forex Pros – The pound surged to a ten-week high against the U.S. dollar on Tuesday, tracking the euro's gains, while investors brushed off concerns about political unrest in Egypt. GBP/USD hit 1.608 during European morning trade, the pair's highest since November 22; the pair subsequently consolidated at 1.606, gaining 0.29%. Cable was likely to find support at 1.5819, Monday's low and resistance at 1.6094, the high of November 19. The pound advanced in the wake of the euro, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Hits 1-month Low As Oil Prices Jump Posted: 01 Feb 2011 12:40 AM PST Forex Pros – The U.S. dollar fell to a one-month low against the yen on Tuesday, amid speculation that rising prices of commodities such as crude oil could impact negatively on the U.S. economic recovery. USD/JPY hit 81.76 during early European trade, the pair's lowest since January 4; the pair subsequently consolidated at 81.91, shedding 0.15%. The pair was likely to find support at 80.9, the low of January 3 and a two-month low and resistance at 82.25, Monday's high. The greenback … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EUR/USD Finds Resistance At 1.3756 Posted: 01 Feb 2011 12:39 AM PST We noted earlier that the EUR/USD completed a full hourly retracement with the session high of 1.37565; it appears that resistance has been found at that level. After reaching the high the pair immediately came off and appears to be on its way towards the area of 1.36848 (which was noted in the earlier post); both the 61.8% line and the 100 hour moving average come in at this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Swiss SVME PMI Falls Less-than-expected In January Posted: 01 Feb 2011 12:33 AM PST Forex Pros – Manufacturing activity in Switzerland fell less-than-expected in January, industry data showed on Tuesday. In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers' index fell to a seasonally adjusted 60.5 in January, down from 61.2 in December, whose figure was revised up from 59.6. Analysts had expected the index to decline to 59.2 in January. On the index, a reading above 50.0 indicates expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Swiss Retail Sales Drop Unexpectedly In December Posted: 01 Feb 2011 12:25 AM PST Forex Pros – Retail sales in Switzerland declined unexpectedly in December, official data showed on Tuesday. In a report, Switzerland's Federal Statistical Office said that retail sales fell by an annual rate of 0.4% in December, after rising by 1.8% in November, whose figure was revised down from 2.5%. Analysts had expected retail sales to increase at annual rate of 2.6% in December. Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Could China Be Forced To Bring A New Global Recession By 2015? Posted: 01 Feb 2011 12:17 AM PST Bloomberg on Sunday, Jan. 30 cited a 28-page report–The Financial Crisis of 2015: An Avoidable History (pdf file below)–by Barrie Wilkinson, a London-based partner at consulting firm Oliver Wyman. The report describes a scenario–spanned 2013 to 2015–when Western QE-induced inflation brings down China, creating a debt crisis in the commodity sector–inclusive of resource-dependent countries as well as commodity producers–which eventually plunge … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Moves Higher As Risk Appetite Improves Posted: 01 Feb 2011 12:15 AM PST Forex Pros – The New Zealand dollar rose to a two-day high against its U.S. counterpart on Tuesday, as concerns over unrest in Egypt receded and risk appetite improved. NZD/USD hit 0.777 during late Asian trade, the pair's highest since January 28; the pair subsequently consolidated at 0.7754, rising 0.42%. The pair was likely to find support at 0.7683, Monday's low and short-term resistance at 0.7792, the high of January 28 and a one-week high. The kiwi tracked the Australian dollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Feb 2011 12:05 AM PST Rudolph Technologies, Inc (NASDAQ:RTEC) reported non-GAAP diluted earnings per share of 36 cents for the fourth quarter 2010, beating the Zacks Consensus Estimate of 31 cents. The result compares favorably with last year’s 2 cents.
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| Forex Trading: Euro Full Retracement Posted: 01 Feb 2011 12:02 AM PST With the session high of 1.37562 the EUR/USD completed the retracement from the high on January 27th to the low on the 28th. If resistance is found the target to the downside is the 61.8% line at 1.36843, but a close through this level may be a bullish signal for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Broadly Higher On Energy Stocks; Nikkei Up 0.36% Posted: 31 Jan 2011 11:53 PM PST Forex Pros – Asian stocks were broadly higher on Tuesday, as shares in energy producers led markets higher, while shares in Japan were boosted by upbeat corporate earnings results. During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.17%, South Korea’s Kospi Composite added 0.11%, while Japan's Nikkei 225 Index gained 0.36%. In Hong Kong, shares in the energy sector led gains as crude oil prices hovered near a 29-month high amid fears over a disruption to supplies. Shares in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/CHF Down On Economic Data Posted: 31 Jan 2011 11:48 PM PST Forex Pros – The British Pound was lower against the Swiss Franc on Tuesday after the release of U.K. data on Nationwide HPI. GBP/CHF was trading at 1.5078, down 0.25% at time of writing. The pair was likely to find support at 1.4898, Monday's low, and resistance at 1.5159, today's high. Earlier in the day, data showed that The U.K.'s Nationwide house price index fell less-than-expected to a seasonally adjusted -0.10% last month from 0.40% in the preceding month. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Surges To 9-day High On RBA Rate Statement Posted: 31 Jan 2011 11:47 PM PST Forex Pros – The Australian dollar climbed to its highest level in nine days against its U.S. counterpart on Tuesday, after the country’s central bank kept rates steady but signaled more rate hikes were likely on the way. AUD/USD hit 1.0046 during late Asian trade, the pair's highest since January 19; the pair subsequently consolidated at 1.0037, gaining 0.65%. The pair was likely to find support at 0.9864, Monday's low and resistance at 1.0076, the high of January 19. The Reserve Bank … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| What Kind Of Stock Market Correction Is This? Posted: 31 Jan 2011 11:38 PM PST It’s widely accepted that stocks are in a correction at this time. The question remains: “what kind of a correction and how long and how deep will it go?”. My analysis has been and continues to be that we are in the initial stages of a bull market (in Elliott Wave terms SPX is currently in Wave 3 of a five wave bull run). While this conclusion needs to be checked and reevaluated on an ongoing basis against market action, particularly during any corrective mode, at this juncture I … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Roper Beats With Strong Top Line Posted: 31 Jan 2011 11:35 PM PST Roper Industries Inc. (NYSE:ROP) reported strong fourth quarter 2010 results of $1.10 per share, surpassing the Zacks Consensus Estimate of 99 cents. The strong results were primarily driven by solid revenue growth and operating margin expansion in the quarter.
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| Posted: 31 Jan 2011 11:35 PM PST Rudolph Technologies, Inc (NASDAQ:RTEC) reported non-GAAP diluted earnings per share of 36 cents for the fourth quarter 2010, beating the Zacks Consensus Estimate of 31 cents. The result compares favorably with last year’s 2 cents.
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| Forex – EUR/USD Nears Two-month High On ECB Rate Bump View Posted: 31 Jan 2011 11:35 PM PST Forex Pros – The euro was trading close to a two-month high against the U.S. dollar on Tuesday, after a jump in euro zone consumer prices added to speculation of an interest rate hike and as political unrest in Egypt abated. EUR/USD hit 1.3747 during late Asian trade, the daily high; the pair subsequently consolidated at 1.374, gaining 0.35%. The pair was likely to find support at 1.3569, Monday's low and short-term resistance at 1.3757, the high of January 27 and a two-month high. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Roper Beats With Strong Top Line Posted: 31 Jan 2011 11:25 PM PST Roper Industries Inc. (NYSE:ROP) reported strong fourth quarter 2010 results of $1.10 per share, surpassing the Zacks Consensus Estimate of 99 cents. The strong results were primarily driven by solid revenue growth and operating margin expansion in the quarter.
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| U.K. Nationwide HPI Falls Less-than-expected In January Posted: 31 Jan 2011 11:24 PM PST Forex Pros – U.K. house prices fell less-than-expected in January, industry data showed on Tuesday. In a report, U.K. mortgage lender Nationwide said its house price index fell by a seasonally adjusted 0.1% in January, after rising by 0.4% in December. Analysts had expected the house price index to decline by 0.3% in January. The report showed that year-over-year, home prices in the U.K. fell by 1.1% in January, after rising by 0.4% in December. Analysts had expected year-on-year home … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Reserve Bank Of Australia Leaves Interest Rate Unchanged At 4.75% Posted: 31 Jan 2011 11:17 PM PST Forex Pros – The Reserve Bank of Australia kept its benchmark interest rate unchanged in February, it announced on Tuesday. In a statement, the RBA said it was keeping its benchmark interest rate unchanged at 4.75%, broadly in line with expectations. Commenting on the decision, central bank Governor Glenn Stevens said, "Employment growth was unusually strong in 2010. Most leading indicators suggest further growth, though most likely at a slower pace." He added, "The flooding in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bear Of The Day: Rite Aid Corporation (RAD) Posted: 31 Jan 2011 11:05 PM PST Rite Aid Corp. (NYSE:RAD) posted a quarterly loss of $0.09 a share for the third quarter of fiscal 2011, which was an improvement over Zacks Consensus Estimate of a loss of $0.13.
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| Posted: 31 Jan 2011 11:05 PM PST Holly Corp (NYSE:HOC) jumped to a Zacks #1 Rank (Strong Buy) thanks to an influx of upward estimate revisions. The outlook for HOC has been steadily improving, as has the share price.
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| Growth & Income Stock: IGate Corporation Posted: 31 Jan 2011 11:05 PM PST IGate Corporation (NASDAQ:IGTE) recently delivered its fourth consecutive positive EPS surprise on better than expected revenue growth.
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| Aggressive Growth Stock: Arctic Cat Posted: 31 Jan 2011 11:05 PM PST Arctic Cat, Inc (NASDAQ:ACAT) beat Wall Street’s expectations last week and raised its guidance once again.
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| Bull Of The Day: Perrigo Company (PRGO) Posted: 31 Jan 2011 11:05 PM PST Perrigo Company (NASDAQ:PRGO) reported first quarter fiscal 2011 EPS of $0.87, well above the Zacks Consensus Estimate of $0.77. We believe that Perrigo’s strong position in the brand OTC pharmaceutical market and growing generics and API businesses will help it deliver solid top- and bottom-line growth in the coming years.
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| Forex – EUR/USD Up During The Asian Session Posted: 31 Jan 2011 10:23 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3722, up 0.21% at time of writing. The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3758, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8543 and EUR/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The Asian Session Posted: 31 Jan 2011 09:53 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6077, up 0.39% at time of writing. The pair was likely to find support at 1.5822, Monday's low, and resistance at 1.6080, today's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8539 and GBP/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/CHF Down During The Asian Session Posted: 31 Jan 2011 09:23 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.2917, down 0.06% at time of writing. The pair was likely to find support at 1.2780, Monday's low, and resistance at 1.3002, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.18% to hit 1.3717 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Million Man March Leaves U.S. Stock Market Vulnerable Short-Term Posted: 31 Jan 2011 09:15 PM PST Since large institutional investors (hedge funds, pension funds, sovereign wealth funds, etc.) are the primary drivers of asset prices, it pays to keep an eye on them. The market's 'big boys' seem to be focused on this Dow Jones News Service report:
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| Forex – USD/CHF Down During The Asian Session Posted: 31 Jan 2011 08:53 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9422, down 0.20% at time of writing. The pair was likely to find support at 0.9371, Monday's low, and resistance at 0.9481, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.3723 and USD/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Jan 2011 08:34 PM PST Here are some long and short plays that I am adding to the watchlist. All these stocks had relatively high volume today and are at or close to important levels. As always, check for earnings date before taking position in any stock. Ambev (NYSE:ABV) – A short at break of 26.41. Amerigroup (NYSE:AGP) – Watch out for break of 52.90. Corn Products (NYSE:CPO) – Weak close below MA(50). Next support at 45. Fifth Third Bancorp (NASDAQ:FITB) – Watch out for break of 15.15. Won’t consider it until … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Strategy For The First Day Of The Month Posted: 31 Jan 2011 08:28 PM PST Simple update for today and what to watch for tomorrow. According to Sentimentrader.com, 94% of 2010′s gains came on the first day of the month and 61% of the entire rally was due to a gap-up to open. That means if the trend continues, we can expect tomorrow to gap-up strong and potentially a little bit more towards the close but, the rest of the month is unlikely to net us more gains. That would mean the best strategy is to take some off tomorrow and look to reinvest. My strategy … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Down During The Asian Session Posted: 31 Jan 2011 08:23 PM PST Forex Pros – The Euro was lower against the British Pound on Tuesday. EUR/GBP was trading at 0.8545, down 0.06% at time of writing. The pair was likely to find support at 0.8531, Monday's low, and resistance at 0.8653, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.23% to hit 1.3724 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Chrysler Struggles, Stays Ambitious Posted: 31 Jan 2011 08:05 PM PST Chrysler Group LLC, 25% owned by Italy's Fiat SpA (FIATY), posted a narrower loss of $199 million in the fourth quarter of 2010 compared with $2.69 billion in the same quarter of prior year. The company's loss was attributable to $1.2 billion of interest charges on its debt. Revenues for the quarter grew 14% to $10.76 billion.
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| The “Detroitification” Of Detroit Posted: 31 Jan 2011 08:00 PM PST From James Hohman at the Mackinac Center: “Mackinac Center analyst Jack McHugh has called the long process of hollowing out a private economy to prop up an unsustainable government “Detroitification.” Detroit’s most recent comprehensive annual financial report shows just how much the title-city itself has been hollowed. The report lists the number of jobs provided by the city’s largest employers, which indicates how sensitive its finances are to the actions of a particular firm. In Detroit’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar Holds Near Parity After RBA Rate Decision Posted: 31 Jan 2011 07:51 PM PST The Reserve Bank of Australia maintained its cash rate target at 4.75% for a third month, matching expectations. The Australian Dollar- which was rallying prior to the monetary policy decision- continued higher, holding just below parity versus the U.S. Dollar.
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| Reserve Bank Of Australia Holds Rate At 4.75% Posted: 31 Jan 2011 07:48 PM PST The Reserve Bank of Australia (RBA) held the cash rate unchanged at 4.75 percent, judging monetary policy settings as “appropriate in view of the general macroeconomic outlook”. The RBA noted in its statement that underlying inflation was around 2.25% in 2010, meanwhile the RBA expects inflation during 2011 to remain consistent with its 2–3 percent official inflation target range. The RBA also made note of the adverse impact of floods on production of crops … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down During The Asian Session Posted: 31 Jan 2011 07:43 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 81.97, down 0.09% at time of writing. The pair was likely to find support at 81.91, Monday's low, and resistance at 83.20, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.19% to hit 1.3719 and GBP/USD rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Chrysler Struggles, Stays Ambitious Posted: 31 Jan 2011 07:40 PM PST Chrysler Group LLC, 25% owned by Italy's Fiat SpA (FIATY), posted a narrower loss of $199 million in the fourth quarter of 2010 compared with $2.69 billion in the same quarter of prior year. The company's loss was attributable to $1.2 billion of interest charges on its debt. Revenues for the quarter grew 14% to $10.76 billion.
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| WTI Crude Oil Aiming For $100 Per Barrel Posted: 31 Jan 2011 07:17 PM PST WTI Crude soared back to $92.84 per barrel yesterday (January 31, 2011) during the height of the social and political unrest in Egypt. Aside from the negative sentiment that the crisis has brought, traders were also worried that the people's uprising could interrupt the flow of trade in Suez Canal. Like I said in my previous post (kindly see it here), about 8% to 10% of global sea trade with 1 million to 1.6 million barrels of crude oil per day pass through the canal. Another 3 million or so … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Who Is More Effective, Wikileaks Or SEC? Posted: 31 Jan 2011 07:13 PM PST If you were a senior accountant at a firm and suspected senior officials of perpetrating a fraud, would you run the risk of professional suicide and bring the information to the SEC or maintain cover and contact Wikileaks? What do you think? Do the right thing and hope you are protected or put your trust in the great equalizer known as Wikileaks?
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| Forex – USD/CAD Down During The Asian Session Posted: 31 Jan 2011 07:13 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9986, down 0.24% at time of writing. The pair was likely to find support at 0.9927, Thursday's low, and resistance at 1.0058, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3721 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up During The Asian Session Posted: 31 Jan 2011 06:33 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9996, up 0.22% at time of writing. The pair was likely to find support at 0.9867, Monday's low, and resistance at 1.0001, Thursday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.03% to hit 1.3727 and AUD/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 31 Jan 2011 06:19 PM PST Some might view it as odd, but the recession that has been over for more than a year-and-a-half still seems to be having a major impact on the population at large. Among other things, it is leading a growing number of people to:
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