Sunday, July 24, 2011

DailyMarkets.com - Forex – GBP/USD Weekly Outlook: July 25-29

DailyMarkets.com - Forex – GBP/USD Weekly Outlook: July 25-29


Forex – GBP/USD Weekly Outlook: July 25-29

Posted: 24 Jul 2011 07:05 AM PDT

Forexpros – Last week saw the pound ease back against the U.S. dollar on Friday, but remain well supported close to a five-week high, as an agreement on a second bailout package for Greece bolstered market sentiment.<br /><br />GBP/USD hit 1.4437 on Friday, the pair&rsquo;s highest since July 6; the pair subsequently consolidated at 1.4355 by close of trade on Friday, gaining 1.70% over the week.<br /><br />Cable is likely to find support at 1.4138, the low of July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Africa’s Mobile Economic Revolution: It’s Now The Silicon Valley Of Banking And Will Change The World

Posted: 24 Jul 2011 07:02 AM PDT

“Mobile Phone Revolutionaries?”

From the article “Africa’s Mobile Economic Revolution”:

“It may seem unlikely, given its track record in technological development, but Africa is at the center of a mobile revolution. In the west, we have been adapting mobile phones to be more like our computers: the smartphone could be described as a PC for your pocket. In Africa, where a billion people use only 4% of the world’s electricity, many cannot afford to charge a computer, let alone buy one. This has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Weekly Outlook: July 25-29

Posted: 24 Jul 2011 06:37 AM PDT

Forexpros – Last week saw the Australian dollar climb to a ten-week high against its U.S. counterpart on Friday, as optimism over a new bailout package for Greece saw risk appetite sharpen, enhancing the appeal of higher-yielding assets.&nbsp;&nbsp; <br />&nbsp;<br />AUD/USD hit 1.0874 on Friday, the pair&rsquo;s highest since May 11; the pair subsequently consolidated at 1.0848 by close of trade on Friday, advancing 2.05% over the week. <br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Weekly Outlook: July 25-29

Posted: 24 Jul 2011 05:08 AM PDT

Forexpros – The New Zealand dollar rallied to a 26-year high against its U.S. counterpart on Friday, as appetite for riskier assets was boosted after European Union leaders agreed on a new bailout package for Greece, while expectations for a near-term interest rate hike by the country&rsquo;s central bank also lent support.&nbsp; <br /><br />NZD/USD hit 0.8673 on Friday, the pair&rsquo;s highest since exchange rate controls ended in March 1985; the pair subsequently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The S&P 500 & Gold Play A Crazy Little Game Of Poker

Posted: 24 Jul 2011 05:07 AM PDT

Life is a school of probability.
~ Walter Bagehot ~
Fourth Law of Thermodynamics: If the probability of success is not almost one, then it is damn near zero.
~ David R. Ellis ~
Recently I have had several members of my service requesting my thoughts on the macroeconomic backdrop which is shaping financial markets. I decided I would proffer an article about why I find such practice to be a total waste of time. Don't get me wrong, acknowledging what is going on in the world around us as a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Weekly Outlook: July 25-29

Posted: 24 Jul 2011 04:21 AM PDT

Forexpros – Last week saw the Canadian dollar trims gains against its U.S. counterpart on Friday, after rallying to a three-and-a-half-year high boosted by expectations for a near-term interest rate hike by the Bank of Canada.<br /><br />USD/CAD hit 0.9422 on Thursday, a multi-year low; the pair subsequently consolidated at 0.9476 by close of trade on Friday, still down 0.71% on the week.<br /><br />The pair is likely to find support at 0.9422, Thursday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures – Weekly Review: July 18 – 22

Posted: 24 Jul 2011 04:21 AM PDT

Forexpros – Crude oil futures posted their fourth consecutive weekly gain last week, climbing to a six-week high on Friday after the International Energy Agency said it would not extend a release of additional oil supplies and amid easing concerns over a slowdown in U.S. oil demand.&nbsp; <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in September traded at USD99.78 a barrel by close of trade on Friday, jumping 2% over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Greece Hundred Billion Bailout Hogwash

Posted: 24 Jul 2011 03:56 AM PDT

Felix Zulauf review of the Greek bailout posted at Barrons.

"The bailout blueprint avoids for the time being default and escalating contagion, but in Felix's view it does zilch to ameliorate the causes of Greece's (or anybody else's) fiscal woes. "The politicians," he explains, with only the vaguest of smirks, "obviously believe that the world will get back to good growth and great tax revenues" and the problems will vanish. Which, not surprisingly, he sees as pure, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Weekly Outlook: July 25-29

Posted: 24 Jul 2011 03:52 AM PDT

Forexpros – The Swiss franc closed lower against the U.S. dollar last week, easing off a record high amid reduced safe haven demand after European Union leaders agreed on a new bailout package for Greece.<br /><br />USD/CHF hit 0.8080 on Monday, the pair&rsquo;s all-time low; the pair subsequently consolidated at 0.8196 by close of trade on Friday, gaining 1.29% over the week.<br /><br />The pair is likely to find support at 0.8080, the low of July 18 and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Estimates Revision Screen: Why Investors Should Keep An Eye On Consensus Sales And EPS Forecasts

Posted: 24 Jul 2011 12:07 AM PDT

In Brief
A momentum screen based on buying stocks with rising analyst earnings estimate revisions in light of empirical findings that stocks with their estimates revised often outperform the market over at least the next 12 months.
Background
Earnings estimates are created by equity analysts in order to project the growth and profitability of a company on a quarterly and/or yearly basis. In 1969, Burton Fabricand was apparently the first to write about the strong link between estimate revisions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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