Monday, July 4, 2011

DailyMarkets.com - Celebrating Independence Yet Enslaved To Debt

DailyMarkets.com - Celebrating Independence Yet Enslaved To Debt


Celebrating Independence Yet Enslaved To Debt

Posted: 04 Jul 2011 03:35 AM PDT

Every year when July 4th rolls around, Americans from coast to coast celebrate July 4th with cookouts, outdoor concerts and fireworks. We love celebrating Independence Day and yet we are deeply enslaved to debt. We like to think of ourselves as “free” and yet we have rolled up the biggest pile of debt the world has ever seen. The people that we have borrowed all of this money from expect to be paid. Sadly, instead of addressing the problem, we have been loading more debt on to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Pulls Back From 15-month High After S&P Warning

Posted: 04 Jul 2011 02:27 AM PDT

Forex Pros – pros &ndash; The euro pulled away from a 15-month high against the pound on Monday, after ratings agency Standard and Poor&rsquo;s said a debt rollover plan for Greece could amount to a default.<br /><br />EUR/GBP hit 0.9006 during European morning trade, the pair&rsquo;s lowest since last Thursday; the pair subsequently consolidated at 0.9012, shedding 0.25%.<br /><br />The pair was likely to find support at 0.8965, the low of June 29 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Mixed After S&P Warning; DAX Up 0.15%

Posted: 04 Jul 2011 02:16 AM PDT

Forex Pros – pros &ndash; European stock markets were mixed on Monday, as shares in the financial sector declined following a warning by ratings agency Standard &amp; Poor&rsquo;s on a proposal to rollover Greek debt, while markets in the U.S. were to remain closed for a holiday. <br /><br />During European morning trade, the EURO STOXX 50 shed 0.2%, France&rsquo;s CAC 40 edged 0.1% lower, while Germany’s DAX 30 eased up 0.15%.&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone PPI Declines More-than-expected In May

Posted: 04 Jul 2011 02:06 AM PDT

Forex Pros – pros &ndash; Producer price inflation in the euro zone fell slightly more-than-expected in May, official data showed on Monday. <br /><br />In a report, Eurostat said that its producer price index declined by 0.2% in May, after rising by 0.9% in April. <br /><br />Analysts had expected the producer price index to decline by 0.1% in May. <br /><br />Year-over-year, the index rose at an annualized rate of 6.2% in May, falling short of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone PPI 6.2% Vs. 6.3% Expected.

Posted: 04 Jul 2011 02:01 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone July Sentix Investor Confidence Rises Unexpectedly

Posted: 04 Jul 2011 01:42 AM PDT

Forex Pros – pros &ndash; Investor confidence in the euro zone rose unexpectedly in July, industry data showed on Monday.<br /><br />In a report, market research group, Sentix said its index of investor confidence rose to 5.3 in July from June&rsquo;s reading of 3.5. <br /><br />Analysts had expected the index to decline to 1.1 in July. <br /><br />On the index, a level above 0.0 indicates optimism, below indicates pessimism.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Construction PMI Eases Slightly In June

Posted: 04 Jul 2011 01:37 AM PDT

Forex Pros – pros &ndash; Britain’s construction sector activity weakened slightly less-than-expected in June, industry data showed on Monday.<br /><br />In a report, market research firm Markit and the Chartered Institute of Purchasing &amp; Supply said that their U.K. construction purchasing managers’ index dipped to a seasonally adjusted 53.6 in June from May&rsquo;s reading of 54.0. <br /><br />Economists had expected the index to ease down to 53.5 in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed As Euro Slips On S&P Greek Warning

Posted: 04 Jul 2011 01:33 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as the euro came under pressure following a warning by ratings agency Standard and Poor&rsquo;s on a proposal to rollover Greek debt.<br /><br />During European morning trade, the greenback was slightly lower against the euro, with EUR/USD inching up 0.02% to hit 1.4524.<br /><br />Earlier Monday, S&amp;P&rsquo;s said a plan proposed by French lenders to rollover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Edge Higher In Thin Holiday Trade

Posted: 04 Jul 2011 01:23 AM PDT

Forex Pros – pros &ndash; Crude oil futures edged higher in thin holiday trade on Monday, as strong U.S. manufacturing data on Friday eased fears of weakening demand in the world’s largest oil consumer.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD95.05 a barrel during European morning trade, climbing 0.3%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Off 8-day High After S&P Greece Rollover Warning

Posted: 04 Jul 2011 01:07 AM PDT

Forex Pros – pros &ndash; The pound eased off an eight-day high against the U.S. dollar on Monday, after ratings agency Standard and Poor&rsquo;s said a proposed rollover plan for Greece may place the country in &ldquo;selective default.&rdquo;<br /><br />GBP/USD pulled away from 1.6136, the pair&rsquo;s highest since June 22 to hit 1.6105 during early European trade, still up 0.19% on the day.<br /><br />Cable was likely to find support at 1.5969, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Hits Daily Low After S&P Greece Rollover Warning

Posted: 04 Jul 2011 12:44 AM PDT

Forex Pros – pros &ndash; The U.S. dollar fell to a daily low against the broadly stronger yen on Monday, after ratings agency Standard and Poor&rsquo;s said the debt rollover plan for Greece could amount to a default.<br /><br />USD/JPY hit 80.54 during late Asian trade, the daily low; the pair subsequently consolidated at 80.60, shedding0.27%.<br /><br />The pair was likely to find support at 79.99, the low of June 17 and resistance at 81.26, the high of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Gain On Weak U.S. Dollar, S&P Greece Comments

Posted: 04 Jul 2011 12:41 AM PDT

Forex Pros – pros &ndash; Gold futures were up for the first time in three days on Monday, as a weaker U.S. dollar and comments from ratings agency Standard &amp; Poor&rsquo;s regarding Greece&rsquo;s sovereign debt supported prices. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,494.15 a troy ounce during late Asian trade, climbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Close To 26-year High As Greece Fears Wane

Posted: 04 Jul 2011 12:21 AM PDT

Forex Pros – pros &ndash; The New Zealand dollar was trading close to a 26-year high against its U.S. counterpart on Monday, as concerns over a Greek sovereign debt default receded, boosting demand for higher-yielding assets.<br /><br />NZD/USD hit 0.8311 during late Asian trade, the pair&rsquo;s highest since last Thursday; the pair subsequently consolidated at 0.8303, gaining 0.39%.<br /><br />The pair was likely to find support at 0.8097, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Retail Sales Decline Unexpectedly In May

Posted: 04 Jul 2011 12:19 AM PDT

Forex Pros – pros &ndash; Retail sales in Switzerland unexpectedly declined in May, official data showed on Monday. <br /><br />In a report, Switzerland&rsquo;s Federal Statistical Office said that retail sales fell at an annualized rate of 4.1% in May, confounding expectations for a gain of 4.6%.<br /><br />The previous month&rsquo;s figure was revised up to a gain of 7.8% from 7.5%.&nbsp;&nbsp;&nbsp; <br /><br />Month-over-month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Off 2-month High After Weak Domestic Data

Posted: 03 Jul 2011 11:57 PM PDT

Forex Pros – pros &ndash;The Australian dollar was down against its U.S. counterpart on Monday, after official data showed that domestic retail sales fell unexpectedly last month, while building approvals fell more-than-expected in May.<br /><br />AUD/USD hit 1.0713 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0749, slipping 0.18%.<br /><br />The pair was likely to find support at 1.0667, last Thursday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Higher On U.S. Economic Outlook; Nikkei Up 1%

Posted: 03 Jul 2011 11:50 PM PDT

Forex Pros – pros &ndash; Asian stock markets were broadly higher on Monday, as strong manufacturing data on Friday eased concerns over a slowdown in the pace of the U.S. economic recovery, while shares in Japanese exporters lifted the Nikkei to a two-month high. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index rallied 1.75%, South Korea’s Kospi Composite gained 0.92%, while Japan&rsquo;s Nikkei 225 Index jumped 0.98%. <br /><br />Japanese … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Pares Gains After S&P Comments On Greece

Posted: 03 Jul 2011 11:38 PM PDT

Forex Pros – pros &ndash; The euro pared gains against the U.S. dollar on Monday, pulling back from an almost four-week high after ratings agency Standard and Poor&rsquo;s said the debt rollover plan for Greece may place the country in &ldquo;selective default.&rdquo;<br /><br />EUR/USD pulled away from 1.4579, the pair&rsquo;s highest since June 9 to hit 1.4538 during late Asian trade, easing up 0.09%.<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australia Building Approvals Plunge In May

Posted: 03 Jul 2011 11:18 PM PDT

Forex Pros – pros &ndash; The number of new building approvals issued in Australia fell significantly more-than-expected in May, official data showed on Monday.<br /><br />In a report, the Australian Bureau of Statistics said new building approvals issued fell by a seasonally adjusted 7.9% in May, after declining by 0.3% in April, whose figure was revised from a drop of 1.3%.<br /><br />Analysts had expected new building approvals issued to decline by 0.5% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 03 Jul 2011 10:40 PM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4519, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4339, Wednesday&rsquo;s low, and resistance at 1.4579, Monday&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 0.9033 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 03 Jul 2011 10:15 PM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6074, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.5971, Wednesday&rsquo;s low, and resistance at 1.6118, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.9039 and GBP/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 03 Jul 2011 09:50 PM PDT

Forex Pros – pros – The Euro was higher against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.2337, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.1925, Wednesday&rsquo;s low, and resistance at 1.2346, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.23% to hit 1.4558 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During The Asian Session

Posted: 03 Jul 2011 09:20 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8472, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.8298, Wednesday&rsquo;s low, and resistance at 0.8526, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.25% to hit 1.4561 and USD/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up In Asian Trade

Posted: 03 Jul 2011 09:00 PM PDT

Forex Pros – pros – The Euro was higher against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.9054, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 0.8968, Wednesday&rsquo;s low, and resistance at 0.9084, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.26% to hit 1.4562 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 03 Jul 2011 08:35 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.76, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.19, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.28% to hit 1.4564 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wyckoff And Hurst Would Be Best Friends

Posted: 03 Jul 2011 08:13 PM PDT

Our site is about Wyckoff, Gann and Hurst, or should I say how the tool set of Gann and Hurst add strings to the bow of the Wyckoff investor. In the end we all wish to invest like Richard Wyckoff, we are all hunting for stock price mark up.

In a closing paragraph of this post Wyckoff method improved1 we said:

..”If you haven’t yet worked it out, the Wyckoff Investor is a mark up (or down) hunter. Wyckoff determined that the highest probability for mark up (or down) to occur was on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down During The Asian Session

Posted: 03 Jul 2011 08:10 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9584, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.9580, Friday&rsquo;s low, and resistance at 0.9825, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.22% to hit 1.4556 and GBP/USD falling 0.001% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Monday 04 July

Posted: 03 Jul 2011 07:40 PM PDT

Market continues its run to the 4th day, thanks to strong closing on Friday US market. US market will be closed for tonight. US manufacturing payrolls may begin showing steady increases as Japanese supply chains recover from March 11 earthquake. Asian stocks advance, boosted by a strong performance for Japan car makers and banks. Hong Kong stocks rise, with exporters gaining. However, Australia retail sales unexpectedly drop in May.

No short term trading

Mid term trading

Jardine C&C … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In Asian Trade

Posted: 03 Jul 2011 07:30 PM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Retail Sales.<br/><br/> AUD/USD was trading at 1.0734, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.0520, Wednesday&rsquo;s low, and resistance at 1.0790, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Retail sales in Australia fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Down In Asian Trading Hours

Posted: 03 Jul 2011 07:05 PM PDT

Forex Pros – pros – The British Pound was lower against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.3617, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.3268, Wednesday&rsquo;s low, and resistance at 1.3657, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.001% to hit 1.6074 and EUR/GBP rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down On Economic Data

Posted: 03 Jul 2011 06:50 PM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Retail Sales.<br/><br/> AUD/USD was trading at 1.0736, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.0520, Wednesday&rsquo;s low, and resistance at 1.0790, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Retail sales in Australia fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Retail Sales Fall Unexpectedly

Posted: 03 Jul 2011 06:45 PM PDT

Forex Pros – pros – Retail sales in Australia fell unexpectedly last month, official data showed on Monday.<br/><br/>In a report, Australian Bureau of Statistics said that Australian retail sales fell to a seasonally adjusted -0.6%, from 1.1% in the preceding month.<br/><br/>Analysts had expected Australian retail sales to rise 0.3% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 03 Jul 2011 06:35 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4544, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4339, Wednesday&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.9052 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 03 Jul 2011 06:00 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.77, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.19, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.22% to hit 1.4557 and GBP/USD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


San Miguel Corporation (SMC) Target Price

Posted: 03 Jul 2011 05:48 PM PDT

San Miguel Corporation (SMC)
Consensus Target Price: PHP 145.80

Firm Name
Analyst
Target Price
Date Released

 
 
 
 

Kim Eng Securities
Sarreal
168.00
6/24/2011

Standard Chartered
Tiruchelva
136.00
6/7/2011

Wealth Securities
Avinante
165.00
6/7/2011

Credit Suisse
Tinga
135.00
6/2/2011

Goldman Sachs
Koh
125.00
5/31/2011

*Target Price is set at 6 to 12 months from release.
*Data taken from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Ray Charles Sings America The Beautiful

Posted: 03 Jul 2011 05:31 PM PDT

Music starts about 1:30. It doesn’t get any better than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up In Asian Trade

Posted: 03 Jul 2011 05:25 PM PDT

Forex Pros – pros – The Euro was higher against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 117.70, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 115.91, Wednesday&rsquo;s low, and resistance at 117.74, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.23% to hit 1.4558 and EUR/GBP rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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