Monday, April 11, 2011

DailyMarkets.com - 25 Reasons To Be Absolutely Disgusted With The U.S. Economy

DailyMarkets.com - 25 Reasons To Be Absolutely Disgusted With The U.S. Economy


25 Reasons To Be Absolutely Disgusted With The U.S. Economy

Posted: 11 Apr 2011 03:32 AM PDT

It seems like wherever you turn there is bad news for the U.S. economy. Unemployment is rampant, the cost of gasoline is going up, the cost of food is going up and American families are getting poorer. Millions of jobs continue to leave the country and everyone is wondering why it seems like the “American Dream” is dying. American consumers are absolutely swamped with staggering levels of credit card debt, student loan debt and mortgage debt and each year the consumer debt crisis only … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Falls To Daily Low After New Japan Quake

Posted: 11 Apr 2011 02:53 AM PDT

Forex Pros – The euro erased against the yen on Monday, retreating from an 11-month high, after reports of a strong earthquake and a small tsunami warning in Japan boosted demand for the safe haven yen.<br /><br />EUR/JPY retreated from 123.31, the pair&rsquo;s highest since May 5, to hit 122.37 during European morning trade, shedding 0.27%.<br /><br />The pair was likely to find support at 121.32, Friday&rsquo;s low and resistance at 123.31, the days high and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Edges Higher But Gains Limited After Japan Quake

Posted: 11 Apr 2011 02:39 AM PDT

Forex Pros – The U.S. dollar edged higher against the Swiss franc on Monday, but gains were limited after reports of an earthquake striking northeastern Japan, triggering a small tsunami alert.<br /><br />USD/CHF hit 0.9063 during European morning trade, the daily high; the pair subsequently consolidated at 0.9086, easing up 0.25%.<br /><br />The pair was likely to find support at 0.8977, the low of March 23 and resistance at 0.9168, Friday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Drop On Automakers, Japan Quake; DAX Down 0.6%

Posted: 11 Apr 2011 02:24 AM PDT

Forex Pros – European stock markets were broadly lower on Monday, amid reports of another strong earthquake hitting Japan and as automakers led declines after a brokerage downgrade, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 slumped 0.5%, France&rsquo;s CAC 40 dropped 0.7%, while Germany’s DAX 30 fell 0.59%.<br /><br />Market sentiment was weighed after a 7.1 magnitude earthquake … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed Vs. Rivals Following Fresh Japan Quake

Posted: 11 Apr 2011 01:52 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as the safe haven yen gained on reports of another strong earthquake hitting Japan, while expectations for further euro zone rate hikes this year supported the single currency.<br /><br />During European morning trade, the greenback was up against the euro, with EUR/USD sliding 0.14% to hit 1.4463.<br /><br />The greenback was also higher against the pound, with GBP/USD shedding 0.22% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Hits Daily Low As Rate Outlook Weighs

Posted: 11 Apr 2011 01:39 AM PDT

Forex Pros – The pound was down against the U.S. dollar on Monday, falling to a daily low as diminished expectations for a near-term rate hike by the Bank of England weighed after the bank left rates on hold last week.<br /><br />GBP/USD hit 1.6314 during European morning trade, the daily low; the pair subsequently consolidated at 1.6338, shedding 0.24%.<br /><br />Cable was likely to find support at 1.6261, last Thursday&rsquo;s low and resistance at 1.6427, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Yen Gains On Dollar But Strong Downside Risks Remain

Posted: 11 Apr 2011 01:07 AM PDT

Forex Pros – The yen edged higher against the U.S. dollar on Monday, briefly touching a three-day high as Japan&rsquo;s currency adjusted after last weeks losses, but speculation over the global interest rate outlook continued to weigh heavily on the prospect for future gains.<br /><br />USD/JPY hit 84.62 during early European trade, the pair&rsquo;s lowest since Thursday; the pair subsequently consolidated at 84.70, slipping 0.04%.<br /><br />The pair was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil, Gold May Fall As Dovish Fed-Speak Hurts Risk Appetite, Inflation Bets

Posted: 11 Apr 2011 12:52 AM PDT

Commodities – Energy
Crude Oil May Fall on Fed-Speak, Libya Peace Deal
WTI Crude Oil (NY Close): $112.79 // +2.49 // +2.26%
Prices are hitting resistance at the top of a rising channel that has guided the uptrend since December 2008, with deeply overbought relative strength readings warning of a pullback ahead. Initial support lines up at $106.95, the March 11 session high.
Crude remains firmly correlated with the MSCI World stock Index, suggesting sentiment trends remain an important … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Week In Review

Posted: 11 Apr 2011 12:34 AM PDT

The major indexes were slightly down last week, but the Transports had a more significant pullback down –2.65% for the week.  Commodities were the outperforming part of the market last week with oil up 4.61%, copper up 5.71%, and silver surging up 8.28%.  The powerful moves in commodities were aided by the declining dollar, which slid down –1.29% for the week.
Gold and gold stocks finally broke out of 5-month consolidations last week.  This is very bullish for gold and gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hits 5-month High As Business Confidence Rebounds

Posted: 11 Apr 2011 12:27 AM PDT

Forex Pros – The New Zealand dollar eased up to a fresh five-month high against its U.S. counterpart on Monday, after a report showing that the nation’s business confidence rebounded strongly in April.<br /><br />NZD/USD hit 0.7846 during late Asian trade, the pair&rsquo;s highest since November 11; the pair subsequently consolidated at 0.7845, rising 0.23%.<br /><br />The pair was likely to find support at 0.7761, Friday&rsquo;s low and resistance at 0.7911, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Close To Record As Yields, Commodities Support

Posted: 11 Apr 2011 12:03 AM PDT

Forex Pros – The Australian dollar was trading close to a record high against its U.S. counterpart on Monday, as higher commodity prices and interest rate differentials supported the currency.<br /><br />AUD/USD hit 1.0539 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0559, easing down 0.05%.<br /><br />The pair was likely to find support at 1.0451, Friday&rsquo;s low and short-term resistance at 1.0650.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Drop As Oil Prices Weigh; Nikkei Sheds 0.5%

Posted: 10 Apr 2011 11:52 PM PDT

Forex Pros – Asian stock markets were broadly lower on Monday, as oil prices spiked above USD113 a barrel, prompting concerns over the inflationary impact of the global economic recovery. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index dropped 0.55%, South Korea’s Kospi Composite fell 0.26%, while Japan&rsquo;s Nikkei 225 Index shed 0.50%.<br /><br />U.S. crude oil prices traded at USD113.40 a barrel, while Brent oil surged above USD126, fuelling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Euro Eases Off 15-month High As Dollar Steadies

Posted: 10 Apr 2011 11:39 PM PDT

Forex Pros – The euro eased off a 15-month high against the U.S. dollar on Monday, as investors sold the currency to lock in profits after Friday&rsquo;s rally.<br /><br />EUR/USD hit 1.4441 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4449, slipping 0.23%.<br /><br />The pair was likely to find support at 1.4290, Friday&rsquo;s low and short-term resistance at 1.4577, the high of January 13, 2010.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Lydall Inc

Posted: 10 Apr 2011 11:05 PM PDT

Lydall, Inc (NYSE:LDL) is expected to see exponential growth this year, but that doesn’t mean you will pay an arm and a leg for this Zacks #1 Rank (Strong Buy).
Look for shares to breakout soon and start setting multi-year highs.
Company Description
Lydall manufactures specialty engineered products for the thermal and filtration markets worldwide.
Top Line Swells 32%
On Mar 1 Lydall announced its results for the fourth quarter and full year. Quarterly revenue jumped 32% over the past year, to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: V.F. Corporation (VFC)

Posted: 10 Apr 2011 11:05 PM PDT

V.F. Corporation’s (NYSE:VFC) fourth-quarter 2010 earnings of $1.78 per share outpaced the Zacks Consensus Estimate, and jumped almost 10% from the prior-year quarter on the heels of robust sales across all brands and improved margins. We believe the acquisition of Rock and Republic will allow V.F. Corp. to compete in the premium-denim space dominated by Los Angeles designers.
Furthermore, the company’s capital strength allows it to sustain its focus on international expansion, increasing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Senior Housing Properties Trust

Posted: 10 Apr 2011 11:05 PM PDT

Senior Housing Properties Trust (NYSE:SNH) pays a dividend that yields an attractive 6.3%. Estimates have been rising for SNH since it posted strong Q4 results in late February.
Senior Housing Properties Trust is a real estate investment trust. It owns independent and assisted living properties, continuing care retirement communities, nursing homes and medical-related office buildings throughout the United States.
Focusing on these stable industries has allowed SNH to pay a consistent quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: DryShips, Inc. (DRYS)

Posted: 10 Apr 2011 11:05 PM PDT

We reiterate our Underperform recommendation on DryShips, Inc. (NASDAQ:DRYS). The company’s fourth quarter of fiscal 2010 financial results were well below the Zacks Consensus Estimates. The drybulk shipping industry is facing serious challenges, where the vessel rate collapsed even below the rate during the recession.
We believe the sole reason for this dismal condition is the sheer increase of ships under operation that have resulted in intense price competition. The spot rate has fallen to such a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Priceline.com Inc.

Posted: 10 Apr 2011 11:05 PM PDT

Priceline.com Inc. (NASDAQ:PCLN) is trading like a rocket, currently going ballistic for a new all-time high above $500. As one of the biggest gainers over the last few years, this Zacks #1 rank stock is a momentum powerhouse.
Company Description
Priceline.com operates as an online travel services company worldwide. It was founded in 1997 and has a market cap of $25 billion.
Priceline is a stock that gets people fired up. The bears say its overvalued, but the bulls say valuations don’t matter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 10 Apr 2011 10:40 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4461, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4228, Wednesday&rsquo;s low, and resistance at 1.4488, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8837 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 10 Apr 2011 10:15 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6370, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.6258, Wednesday&rsquo;s low, and resistance at 1.6427, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8837 and GBP/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 10 Apr 2011 09:50 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.3129, down 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.3069, Wednesday&rsquo;s low, and resistance at 1.3242, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.13% to hit 1.4464 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During The Asian Session

Posted: 10 Apr 2011 09:20 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.9074, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.9059, Friday&rsquo;s low, and resistance at 0.9292, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.14% to hit 1.4464 and USD/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FCC Approves Data Roaming Rules

Posted: 10 Apr 2011 09:00 PM PDT

04/11/11 The Federal Communications Commission voted on data roaming requirements. The nation’s large wireless carriers will have to offer network access at reasonable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down In Asian Trade

Posted: 10 Apr 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.8835, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.8720, Wednesday&rsquo;s low, and resistance at 0.8844, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.17% to hit 1.4460 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Aiming For $1,650 Per Ounce!

Posted: 10 Apr 2011 08:55 PM PDT

Bling! Bling! Who wants to join the global gold rush? Just recently the price of gold set a new all-time high at $1,476.22 per ounce. Despite trading at this level, it appears that is some more upside on gold.
As you can see from its daily chart, XAUUSD or gold has recently broken out from an inverted head and shoulders continuation pattern. Now, if you project the height of the pattern from the point of breakout, an upside target of $1,650.00 could be determined. Presently, though, it is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 10 Apr 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 84.73, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 84.60, Thursday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.4466 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down During The Asian Session

Posted: 10 Apr 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9554, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 0.9527, Friday&rsquo;s low, and resistance at 0.9641, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.4467 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In Asian Trade

Posted: 10 Apr 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0574, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.0329, Wednesday&rsquo;s low, and resistance at 1.0583, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.15% to hit 1.3689 and AUD/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Can We Have Inflationary Pressures Building In U.S. With Falling Home Prices And 2% Wage Increases?

Posted: 10 Apr 2011 07:13 PM PDT

The chart above shows the annual growth rates in: a) consumer prices (CPI), b) average hourly earnings, and c) the FHFA home price index from 1976 to 2010.  The double-digit CPI inflation of the late 1970s was accompanied by: a) double-digit increases in home prices for 11 straight quarters from 1977 to 1979, and b) 69 consecutive months with year-over-year wage increases of 7% or higher.  

Currently, we’ve have 22 consecutive months of year-over-year wage increases below 3% and b) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Up In Asian Trading Hours

Posted: 10 Apr 2011 07:05 PM PDT

Forex Pros – The British Pound was higher against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.4862, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.4837, Friday&rsquo;s low, and resistance at 1.5183, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.03% to hit 1.6378 and EUR/GBP falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 10 Apr 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4449, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4228, Wednesday&rsquo;s low, and resistance at 1.4488, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8828 and EUR/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 10 Apr 2011 06:00 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 84.94, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 84.60, Thursday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.23% to hit 1.4450 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Trendline And Fibonacci Confluence In India Nifty Index

Posted: 10 Apr 2011 05:40 PM PDT

I've received a few requests to update current analysis on India's "Nifty 50″ index, and indeed after a big recent rally, the index is at an interesting confluence target level traders should watch very closely in the days ahead.
Let's start with the weekly chart and drop-down to focus on the confluence:

Without getting into too much detail, the main idea is that India's stock market index – which you can use INDY as an ETF to trade – rallied at the end of 2010 just shy of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up In Asian Trade

Posted: 10 Apr 2011 05:25 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 122.95, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 120.76, Thursday&rsquo;s low, and resistance at 123.33, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.16% to hit 1.4461 and EUR/GBP falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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