Monday, March 28, 2011

DailyMarkets.com - Portugal Is Big Warning Flag For ALL Investors!

DailyMarkets.com - Portugal Is Big Warning Flag For ALL Investors!


Portugal Is Big Warning Flag For ALL Investors!

Posted: 28 Mar 2011 03:28 AM PDT

Remember 2007 when the subprime mortgage crisis began to unravel? If you recall, the cracks in the real estate market were exposed. And the problems kept spreading. First it was small mortgage lenders that went bust. Then it became evident the entire financial system was going down.

But contrary to the glaring evidence, the three most influential figures in the United States — President Bush, Treasury Secretary Paulson, and Fed Chairman Bernanke — stood before cameras, time after … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Vs. Most Rivals Amid Optimism Over U.S. Recovery

Posted: 28 Mar 2011 02:34 AM PDT

Forex Pros – The U.S. dollar was up against most of its major counterparts on Monday, amid speculation the U.S. economic recovery was gathering pace, while markets continued to monitor ongoing unrest in the Middle East and Japan's nuclear crisis.

During European morning trade, the greenback was up against the euro, with EUR/USD dipping 0.22% to hit 1.4054.

German Chancellor Angela Merkel’s conservative party suffered a loss in elections in the key state of Baden-Wuerttemberg over the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Daily Outlook For March 28, 2011

Posted: 28 Mar 2011 02:21 AM PDT

By CommoditiesMansion.com
Oil prices continued to rise over the past period, where the political unrest in the Middle East and North Africa regions continued to push oil prices higher, and we should expect developments in the Middle East to continue to be the major market mover for crude oil prices.
Moreover, data from the United States will also affect the pair's movement, where the Income report and the pending home sales are scheduled for release.
Monday 12:30 GMT, the income report is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Daily Outlook For March 28, 2011

Posted: 28 Mar 2011 02:21 AM PDT

By CommoditiesMansion.com
The precious metal is expected to depreciate due to the absence of fundamentals from Asian and European economies, where investors may seek profit taking ahead of US data that is expected to show further improvement in the economy, and thus, affect the dollar and accordingly commodities due to the inverse relationship between the two.
Gold ended last week with gains yet surrendered some of them by the end of the week and especially Friday, after the dollar gained … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Daily Outlook For March 28, 2011

Posted: 28 Mar 2011 02:19 AM PDT

By ForexMansion.com
The developments in the Middle East will probably be the main focus for the USD/CAD pair, where movements in oil markets will probably affect the pair, since Canada is one of the world's largest exporters of oil.
Moreover, data from the United States will also affect the pair's movement, where the Income report and the pending home sales are scheduled for release.
Monday 12:30 GMT, the income report is expected to show that personal income increased in February by 0.4% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Daily Outlook For March 28, 2011

Posted: 28 Mar 2011 02:19 AM PDT

By ForexMansion.com
The European shared currency will witness calm trading in the European session, while to be affected by the release of US income and spending data, as further improvement in the world's leading economy. The upside revision to US GDP in the fourth quarter on Friday supported the dollar further on the strong recovery and undermined the euro which is still burdened by the debt crisis.
The personal income, spending and Core PCE reports will be released at 12:30 GMT from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Dips After Prime Minster Key Comments

Posted: 28 Mar 2011 02:15 AM PDT

Forex Pros – New Zealand's dollar snapped seven-days of gains against its U.S. counterpart on Monday, falling to a daily low after Prime Minster John Key said the nation may post a record budget deficit because of costs arising from last month's earthquake.  

NZD/USD hit 0.7491 during early European trade, a daily low; the pair subsequently consolidated at 0.7506, shedding 0.36%.

The pair was likely to find support at 0.7421, the low of March 24 and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Rallies For 8th Day, Hits Fresh Record High

Posted: 28 Mar 2011 01:55 AM PDT

Forex Pros – The Australian dollar rallied for the eight consecutive day against its U.S. counterpart on Monday, rising to a fresh all-time high as Australian insurers continued to buy the local currency for insurance payments to pay for damage caused by severe floods in Queensland.

AUD/USD hit 1.0313 during European morning trade, the pair's all-time high; the pair subsequently consolidated at 1.0288, climbing 0.25%.

The pair was likely to find support at 1.0185, Friday's low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Hits 7-week Low As U.S. Recovery Gathers Pace

Posted: 28 Mar 2011 01:29 AM PDT

Forex Pros – The pound was down for a fourth day against the U.S. dollar on Monday, tumbling to a seven-week low amid indications the U.S. economic recovery was gathering pace and as markets pared back expectations for a near-term rate hike by the Bank of England.

GBP/USD hit 1.5959 during early European trade, the pair's lowest since January 31; the pair subsequently consolidated at 1.5984, shedding 0.35%.

The pair was likely to find support at 1.5819, the low of January 31, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Drop As Nuclear Crisis Continues; Nikkei Sheds 0.6%

Posted: 28 Mar 2011 12:52 AM PDT

Forex Pros – Asian stock markets declined on Monday, as market sentiment was weighed by ongoing concerns over Japan's nuclear crisis and as violence intensified in Libya over the weekend. 

During late Asian trade, Hong Kong’s Hang Seng Index shed 0.65%, Australia's S&P/ASX 200 slipped 0.2%, while Japan's Nikkei 225 dipped 0.6%.

Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi power plant, saw shares plunge 17.7%, falling to lowest level since 1977 after … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: AUD Appreciates To New All-time High Of 1.03072 Against The USD.

Posted: 28 Mar 2011 12:46 AM PDT

Forex – EUR/USD Slumps After Merkel Takes Hit In German Elections

Posted: 28 Mar 2011 12:26 AM PDT

Forex Pros – The euro was down against the U.S. dollar on Monday, slumping to a six-day low after German Chancellor Angela Merkel’s conservative party suffered a loss in elections in a key state.

EUR/USD hit 1.4019 during late Asian trade, the pair's lowest since March 18; the pair subsequently consolidated at 1.4038, shedding 0.34%.

The pair was likely to find support at 1.3979, the low of March 18 and resistance at 1.4194, Friday's high.

German Chancellor Angela Merkel's Christian … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 27 Mar 2011 11:10 PM PDT

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

EUR/USD was trading at 1.4059, down 0.19% at time of writing.

The pair was likely to find support at 1.4022, Monday's low, and resistance at 1.4220, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8780 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: NN, Inc.

Posted: 27 Mar 2011 11:05 PM PDT

Estimates have been soaring for NN, Inc. (NASDAQ:NNBR) since the company posted a 43% positive earnings surprise on March 10.
NN took steps during the recession to slash costs and improve efficiency. Now that global demand for its products has improved significantly, the company is reaping the rewards.
Despite a huge run up in the share price since last summer, valuation is attractive with shares trading at just 11.5x forward earnings. It is a Zacks #1 Rank (Strong Buy) stock.
Company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: 51job, Inc.

Posted: 27 Mar 2011 11:05 PM PDT

51job, Inc. (NASDAQ:JOBS) recently spiked back to its 52-week high on the heels of strong Q4 results from late February that included a 17% earnings surprise. With the next-year estimate now projecting 30% growth, this Zacks #1 rank stock is working overtime for momentum.
Company Description
51job, Inc. provides integrated human resource services to employers and job seekers primarily in China. The company was founded in 1998 and has a market cap of $1.76 billion.
The strong Chinese economy is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Oracle Corp

Posted: 27 Mar 2011 11:05 PM PDT

Oracle Corp (NASDAQ:ORCL) impressed once again, delivering its fourth consecutive positive earnings surprise on March 24.
The Sun Microsystems acquisition is proving to be a good move, as revenues in the Hardware Systems segment were up a remarkable 258% in Q3.
Oracle is financially sound too, with over $24 billion in cash, cash equivalents and marketable securities. It pays a dividend that yields 0.6%.
Third Quarter Results
On March 24, the tech giant posted third quarter 2011 EPS of 51 cents, well … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Franklin Resources, Inc. (BEN)

Posted: 27 Mar 2011 11:05 PM PDT

We are upgrading our recommendation on Franklin Resources Inc. (NYSE:BEN) to Outperform from Neutral based on the company’s first quarter 2011 earnings, which came in substantially ahead of the Zacks Consensus Estimate. Results reflected strong growth in revenue and higher assets under management (AUM).
Franklin’s global footprint is an exceptionally favorable strategic point, since its AUM is well diversified. This, coupled with a strong balance sheet, is expected to cushion the company. Further, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Companhia Siderurgica Nacional

Posted: 27 Mar 2011 11:05 PM PDT

Companhia Siderurgica Nacional (NYSE:SID), or CSN, stands well-positioned to benefit from its diversified businesses and improving global steel markets. However, it posted rather disappointing third quarter results — well below the Zacks Estimate of US$0.36 per ADR.
We therefore expect weak results going forward, as the de-stocking process in the Brazilian steel market will lower domestic shipments (87% of sales) and induce exports. Moreover, rising manufacturing cost is a constant cause for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down In Asian Trade

Posted: 27 Mar 2011 10:45 PM PDT

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

GBP/USD was trading at 1.6016, down 0.17% at time of writing.

The pair was likely to find support at 1.6000, today's low, and resistance at 1.6382, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8776 and GBP/JPY rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 27 Mar 2011 10:10 PM PDT

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

EUR/CHF was trading at 1.2956, down 0.02% at time of writing.

The pair was likely to find support at 1.2737, Wednesday's low, and resistance at 1.2962, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.4059 and EUR/JPY rising 0.33% 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: 27 Mar 2011 09:40 PM PDT

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

USD/CHF was trading at 0.9212, up 0.13% at time of writing.

The pair was likely to find support at 0.8980, Wednesday's low, and resistance at 0.9228, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.21% to hit 1.4057 and USD/JPY rising 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down In Asian Trade

Posted: 27 Mar 2011 09:10 PM PDT

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

EUR/GBP was trading at 0.8779, down 0.03% at time of writing.

The pair was likely to find support at 0.8655, Wednesday's low, and resistance at 0.8811, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.20% to hit 1.4058 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Federal Reserve Plans Press Briefings

Posted: 27 Mar 2011 09:00 PM PDT

03/28/11 The Federal Reserve will hold quarterly press conferences. The first news briefing will take place on April … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up In Asian Trading Hours

Posted: 27 Mar 2011 08:40 PM PDT

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

USD/JPY was trading at 81.74, up 0.49% at time of writing.

The pair was likely to find support at 80.71, Wednesday's low, and resistance at 81.75, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.19% to hit 1.4059 and GBP/USD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Saudi Arabia: More Secure Than It Appears

Posted: 27 Mar 2011 08:14 PM PDT

As revolution spreads throughout North Africa and the Middle East, many fear that the forces that toppled regimes in Tunisia, Egypt, and possibly Libya, will spread to the Gulf oil states, particularly Saudi Arabia. Many may assume that Saudi Arabia is particularly vulnerable because of its large and restless youth population, and the distrust it has earned among many Arabs as a result of its heavy reliance on U.S. foreign aid and its strong support of American foreign policy. In fact, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The Asian Session

Posted: 27 Mar 2011 08:10 PM PDT

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

USD/CAD was trading at 0.9804, down 0.06% at time of writing.

The pair was likely to find support at 0.9732, Thursday's low, and resistance at 0.9843, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.4064 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Administrative Bloat In Michigan Public Universities

Posted: 27 Mar 2011 07:53 PM PDT

From a front page story in today’s Detroit Free Press, “Amid Tougher Times, Spending on Payroll Soars at Michigan Universities”:

“Michigan universities increased their spending on administrative positions by nearly 30% on average in the last five years, even as university leaders say they’ve slashed expenses to keep college affordable for families. The number of administrative jobs grew 19% over that period at the state’s public universities, according to data submitted by the schools to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Disposed Towards Revolt?

Posted: 27 Mar 2011 07:39 PM PDT

Most Americans who see the upheaval occurring in the Middle East and in other places overseas probably think it won’t (or can’t) happen here. But as I noted almost three years ago in ”Not Too Hard,” one thing that leaves people feeling favorably disposed towards revolt is significant inequality. In “Losing Our Way,” New York Times columnist Bob Herbert makes it clear that we have plenty of that:
There is plenty of economic activity in the U.S., and plenty of wealth. But like greedy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down In Asian Trade

Posted: 27 Mar 2011 07:30 PM PDT

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

AUD/USD was trading at 1.0257, down 0.03% at time of writing.

The pair was likely to find support at 1.0065, Wednesday's low, and resistance at 1.0294, Friday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.19% to hit 1.3706 and AUD/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


More Milton Friedman…. Poverty And Equality

Posted: 27 Mar 2011 07:27 PM PDT

“Healthcare Marketization” Could End The Crisis

Posted: 27 Mar 2011 07:18 PM PDT

Some key paragraphs from the editorial “Private enterprise fix could save healthcare”:

“Does America have a "grocery system"? An "automobile system?" A "tourism system"? The nation does, of course, have a "healthcare system" and the fact that the medical-services sector can't be described as a market… well, it's the prime cause of the "healthcare crisis." 

Consumers make choices about employment, food, housing, clothing, transportation, investment, and leisure … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/CHF Down In Asian Trading Hours

Posted: 27 Mar 2011 07:05 PM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Monday.

GBP/CHF was trading at 1.4754, down 0.03% at time of writing.

The pair was likely to find support at 1.4590, Thursday's low, and resistance at 1.4807, Wednesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.17% to hit 1.6014 and EUR/GBP falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 27 Mar 2011 06:35 PM PDT

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

EUR/USD was trading at 1.4049, down 0.26% at time of writing.

The pair was likely to find support at 1.4022, Monday's low, and resistance at 1.4220, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8774 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Which Way For The US Dollar Overnight?

Posted: 27 Mar 2011 06:19 PM PDT

This is the US Dollar continuous chart (/DX) on a one hour view of the past 10 days with my standard True Strength Index (TSI) indicator (7,4) setting. 

The trend line breaks of the TSI indicator did a very nice job of nailing 5 profitable opportunities to short the US Dollar within this timeframe.  It now appears that the TSI is about to signal a new opportunity to short the US Dollar.  I expect with this signal gold and silver will discontinue their fall of the last few … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Who Should Determine The Number Of Psychics In Salem MA? Gov’t. Regulation Vs. Market Compeition

Posted: 27 Mar 2011 06:14 PM PDT

Here’s a good case study of occupational licensing, with economic lessons in barriers to entry, contestable markets, and government regulation vs. market competition:

In 2007, the city of Salem, Massachusetts lifted its cap on the number of psychics allowed to operate in the city and now some believe the ‘Witch City’ is getting overrun with too many psychics.  The views of two area psychics represent the two opposing approaches to the situation: a) more government regulation to limit the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down In Asian Trading Hours

Posted: 27 Mar 2011 06:00 PM PDT

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

GBP/USD was trading at 1.6012, down 0.19% at time of writing.

The pair was likely to find support at 1.6000, today's low, and resistance at 1.6382, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8774 and GBP/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


So True

Posted: 27 Mar 2011 05:37 PM PDT

Pretty funny (and, sadly, so true):
 
(Source: Abstruse Goose, via The Reformed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down In Asian Trade

Posted: 27 Mar 2011 05:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Monday.

EUR/JPY was trading at 114.47, down 0.09% at time of writing.

The pair was likely to find support at 113.55, Thursday's low, and resistance at 115.22, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.32% to hit 1.4041 and EUR/GBP falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


No comments:

Post a Comment