Monday, July 4, 2011

DailyMarkets.com - Which Index Is The Best To Use: The HUI, XAU Or GDX?

DailyMarkets.com - Which Index Is The Best To Use: The HUI, XAU Or GDX?

Which Index Is The Best To Use: The HUI, XAU Or GDX?

Posted: 04 Jul 2011 07:40 AM PDT

The number, market cap and currencies of the constituents of the HUI, XAU, GDX, XGD and CDNX indices differ considerably from each other and, as such, each index presents a different picture of what is really happening in the precious metals marketplace. This article analyzes the make-up of each index to reveal the biases of each to arrive at the answer to the question in the title.

The HUI Index

The AMEX Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI) is a modified equal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Remains Lower After S&P Warn On Greek Rollover

Posted: 04 Jul 2011 07:02 AM PDT

Forex Pros – pros &ndash; The euro remained lower against the U.S. dollar in holiday-thinned trade on Monday, after ratings agency Standard &amp; Poor’s said a proposed plan to rollover Greek sovereign debt could put the country into selective default.<br /><br />EUR/USD hit 1.4497 during European late afternoon trade, the daily low; the pair subsequently consolidated at 1.4515, slipping 0.05%.<br /><br />The pair was likely to find support at 1.4426, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Trim Gains As U.S. Dollar Moves Higher

Posted: 04 Jul 2011 07:00 AM PDT

Forex Pros – pros &ndash; Crude oil futures trimmed gains in holiday-thinned trade on Monday, easing off a two-day high after the U.S. dollar erased losses against the euro following a warning by ratings agency Standard &amp; Poor&rsquo;s on a proposal to rollover Greek debt. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD95.01 a barrel during European late afternoon trade, edging 0.25% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Eases Off 7-week Low In Thin Holiday Trade

Posted: 04 Jul 2011 06:33 AM PDT

Forex Pros – pros &ndash; The U.S. dollar eased off a seven-week low against its Canadian counterpart in holiday-thinned trade on Monday, as risk appetite waned after ratings agency Standard &amp; Poor&rsquo;s warned that a plan to rollover Greek debt could&nbsp; amount to a default.<br /><br />USD/CAD pulled back from 0.9578, the pair&rsquo;s lowest since May 11 to hit 0.9601 during European late afternoon trade, edging 0.17% higher. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Erases Gains After S&P Greece Rollover Warning

Posted: 04 Jul 2011 05:59 AM PDT

Forex Pros – pros &ndash; The euro erased gains against the yen on Monday, pulling back from a one-month high after ratings agency Standard &amp; Poor’s said a proposed debt rollover plan could put Greece into selective default.<br /><br />EUR/JPY pulled back from 117.73, the pair&rsquo;s highest since June 8, to hit 117.13 during European afternoon trade, shedding 0.21%.<br /><br />The pair was likely to find support at 115.11, the low of June 28 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian RMPI Falls More-than-expected In May

Posted: 04 Jul 2011 05:39 AM PDT

Forex Pros – pros &ndash; Canada’s raw materials price index fell significantly more-than-expected in May, official data showed on Monday.<br /><br />In a report, Statistics Canada said the raw materials purchase price index declined by a seasonally adjusted 5.2% in May, after increasing by 6.9% in April, whose figure was upwardly revised up from 6.8%. <br /><br />Analysts had expected the raw materials purchase price index to fall by 3.0%. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will EUR Strength Be Undercut By S&P’s Decision To Label Bank Participation Plan A Default?

Posted: 04 Jul 2011 05:32 AM PDT

We got out of the gates this week with some negative news in regards to the Euro, which pressured the single currency in light trading after its impressive rally last week.
That development was S&P coming down on the opinion that the French-German private bond holder participation plan that was unveiled at the start of last week would be considered a "technical default" by the rating agency. The plan had had a positive response by banks and market participants, and seemed to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Edges Higher As Euro Dips On S&P Greece Warning

Posted: 04 Jul 2011 05:11 AM PDT

Forex Pros – The U.S. dollar edged higher against its major counterparts on Monday, as the euro erased gains after ratings agency Standard &amp; Poor’s had warned that a debt rollover plan for Greece could amount to a default.<br /><br />During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.12% to hit 1.4505.<br /><br />The single currency remained supported by expectations that the European Central Bank will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Gains As Weak U.K. PMI Data Weighs

Posted: 04 Jul 2011 04:48 AM PDT

Forex Pros – pros &ndash; The pound trimmed gains against the U.S. dollar on Monday, as a report showing that construction sector activity in the U.K. slowed in June reinforced expectation that the Bank of England is unlikely to raise rates in the near term.<br /><br />GBP/USD pulled away from 1.6140, the pair&rsquo;s highest since June 22 to hit 1.6076 during European early afternoon trade, still up 0.02% on the day.<br /><br />Cable was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Pulls Away From 1-month High After S&P Warning

Posted: 04 Jul 2011 04:08 AM PDT

Forex Pros – pros &ndash; The euro pulled back from a one-month high against the U.S. dollar on Monday, after ratings agency Standard and Poor&rsquo;s said a proposed rollover of Greek sovereign debt may put the country into selective default.<br /><br />EUR/USD hit 1.4512 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.4514, slipping 0.04%.<br /><br />The pair was likely to find support at 1.4426, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corn Futures Bounce Off 4-month Low On Bargain-buying

Posted: 04 Jul 2011 03:30 AM PDT

Forex Pros – pros &ndash; Corn futures advanced on Monday, bouncing off a four-month low as the previous session&rsquo;s sharp decline created bargain buying opportunities for investors.<br /><br />On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD6.4050 a bushel during European morning trade, jumping 1.95%. <br /><br />It earlier rose as much as 3.7% to hit a daily high of USD6.5250 a bushel.<br /><br />Corn futures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Steady Vs. Swiss Franc, Close To Two-week High

Posted: 04 Jul 2011 03:18 AM PDT

Forex Pros – pros &ndash; The U.S. dollar edged higher against the Swiss franc on Monday, trading close to a two-week high after official data showed that Swiss retail sales fell sharply in May.<br /><br />USD/CHF hit 0.8496 during European morning trade, the daily high; the pair subsequently consolidated at 0.8486, easing up 0.08%.<br /><br />The pair was likely to find support at 0.8398, Friday&rsquo;s low and short-term resistance at 0.8525, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

K3 Business Technology Boosts Retail Software Arm With Latest Acquisition

Posted: 04 Jul 2011 12:53 AM PDT

K3 Business Technology (LON:KBT), the AIM listed company has sells enterprise resource planning software, hosting and managed services to the supply chain industry, has snapped up the Retail Merchandising Division of Azurri Computer Solutions Ltd. K3 is paying an initial £1.0 million in cash for the business with a further £0.5 million payable dependent on increases in gross margin generated by Azurri Retail over the next two years. Shares in K3 were unmoved at 222.5p.

K3 said Azurri Retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Mixed Sentiment On Greece After Approved Tranche After S&P Warning

Posted: 03 Jul 2011 04:52 PM PDT

By ForexMansion.com
The market starts the week with volatility and fluctuations amid tight ranged trading with the absence of U.S. markets today for Independence Day celebrations.
Investors greeted the week with upbeat news from Europe as the weekend meeting for the euro area finance ministers approved the release of the July tranche for debt-laden Greece easing jitters of default.
This early morning sentiment was supportive for the market in the early hours and supported Asian stocks to move … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 03:44 PM PDT

By ForexMansion.com
 
The AUD/NZD pair dropped with the beginning of the week, as the Australian dollar fell against the greenback after the disappointing retail sales numbers for May, which opened the way for the Kiwi to control the AUD/NZD pair’s movement.
Australian retail sales in May dropped by 0.6% after the previous rise of 1.2%, while building approvals fell by 7.9% from the previous –0.3%.
The disappointing data forced Aussie to decline against most of its major counterparts and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 03:44 PM PDT

By ForexMansion.com
The Australian economy is still in a foggy phase, increasing investors’ fear about the economic recovery in the second half of this year, pressuring the Australian dollar to reverse its movement to the downside.
The Aussie has declined against the dollar after the Australian economy reported that May’s retail sales continued dropping for a second time during three months as consumers spending on clothing and footwear slumped.
Australia’s currency is to continue its downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 03:43 PM PDT

By ForexMansion.com
 
The New Zealand dollar fluctuated versus the American dollar as the value of New Zealand's commodity exports fell for the first time in 10 months, led by kiwifruit, beef and milk powder.
Moreover, the main engine for economic recovery in New Zealand is the nation’s exports, while New Zealand reported that its trade balance narrowed during the month of May the nation’s imports of fuel and aircraft parts increased, which countered exports’ earnings
On the other hand, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 03:41 PM PDT

By ForexMansion.com
The USD/JPY pair started the week with losses due to the volatility in the foreign exchange market, where the dollar continued its weakness against most of its major counterparts.
The Japanese yen was able to start the week with some gains against the dollar and the euro, as the unstable dollar encouraged investors to invest in the low yielding yen in the absence of U.S. markets on Monday on Independence Day celebrations.
On the other hand, the BOJ Governor noted that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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