Thursday, August 25, 2011

DailyMarkets.com - Britain’s CBI Realized Sales Drop More-than-expected

DailyMarkets.com - Britain’s CBI Realized Sales Drop More-than-expected


Britain’s CBI Realized Sales Drop More-than-expected

Posted: 25 Aug 2011 03:09 AM PDT

Forexpros – Retail sales in the U.K. fell more-than-expected in August, dropping at the fastest pace since May 2010, industry data showed on Thursday.<br /><br />In a report, the Confederation of British Industry said the result of its index of U.K. retailers fell by nine points to minus 14.0 in August from a reading of minus 5.0 in July. <br /><br />Analysts had expected the index to decline to minus 10.0 in August.&nbsp; <br /><br />On the index, a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Steady Amid Continued Fed Speculation

Posted: 25 Aug 2011 02:44 AM PDT

Forexpros – The U.S. dollar was lower against the Swiss franc on Thursday, with the pair looking likely to remain in a tight range as investors looked to a speech from U.S. Federal Reserve Chairman Ben Bernanke on Friday for any sign of fresh monetary easing measures.<br /><br />USD/CHF hit 0.7910 during European morning trade, the daily low; the pair subsequently consolidated at 0.7943, shedding 0.18%.<br /><br />The pair was likely to find support at 0.7806, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Up As Credit Agricole Surges; DAX Gains 0.85%

Posted: 25 Aug 2011 02:32 AM PDT

Forexpros – European stock markets were broadly higher on Thursday, as upbeat results from French lender Credit Agricole lifted shares in the financial sector, while speculation over further stimulus by the Federal Reserve underpinned demand for riskier assets.<br /><br />During European morning trade, the EURO STOXX 50 climbed 0.7% France&rsquo;s CAC 40 rose 0.65%, while Germany&rsquo;s DAX 30 advanced 0.85%<br /><br />Shares in France&rsquo;s third … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gary Shilling On Outlook For Global Economies

Posted: 25 Aug 2011 02:10 AM PDT

A decade of deleveraging. Gary is in a minority that believes deflation is likely to happen.

This is only the intro, but if you sign up for the rest. Should be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss ZEW Economic Expectations Deteriorate In August

Posted: 25 Aug 2011 02:09 AM PDT

Forexpros – Economic sentiment in Switzerland fell for the fourth consecutive month in August, as a strong Swiss franc and concerns over the euro zone&rsquo;s sovereign debt crisis weighed, data showed on Thursday.<br /><br />In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment fell by 12.5 points to minus 71.4 in August from a reading of minus 58.9 in July.&nbsp;&nbsp; <br /><br />A reading above 0.0 on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower Vs. Rivals As Fed Speech Eyed

Posted: 25 Aug 2011 01:56 AM PDT

Forexpros – The U.S. dollar was broadly lower against its major counterparts on Thursday, amid ongoing speculation that the Federal Reserve may point towards a fresh round of economic stimulus measures.<br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.28% to hit 1.4454.<br /><br />Earlier Thursday, a report showed that the Gfk German consumer climate index for September dipped to 5.2 from a final reading of 5.3 in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bank Of Namibia Holds Benchmark Rate At 6.00%

Posted: 25 Aug 2011 01:34 AM PDT

The Bank of Namibia maintained its benchmark interest rate, the repurchase rate, unchanged at 6.00%.  Bank of Namibia Governor Ipumbu Shiimi said: ”despite the eased inflationary pressure there is a need to ensure sustained growth in the domestic economy.  Raising the rate at this point could choke off growth,” and added that the Bank “still sees good growth prospects domestically, but this cannot happen in isolation from developments in the world economy,”.

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


Forex – GBP/USD Eases Off 7-day Low But Upside Limited

Posted: 25 Aug 2011 01:29 AM PDT

Forexpros – The pound inched higher against the U.S. dollar on Thursday, easing off a seven-day low but the pair&rsquo;s upside looked limited amid uncertainty ahead of a speech by Federal Reserve Chairman Ben Bernanke.<br /><br />GBP/USD pulled back from 1.6353, the pair&rsquo;s lowest since August 16, to hit 1.6386 during early European trade, easing up 0.07%.<br /><br />Cable was likely to find short-term support at 1.6322, the low of August 16 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Edges Higher On U.S. Supply Decline, Weaker Dollar

Posted: 25 Aug 2011 01:24 AM PDT

Forexpros – Crude oil futures edged higher on Thursday, amid easing concerns over a slowdown in U.S. demand, while a weaker U.S. dollar also lent support as investors looked ahead to Friday&rsquo;s speech by Federal Reserve Chairman Ben Bernanke.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD85.61 a barrel during European morning trade, gaining 0.51%.&nbsp; <br /><br />It earlier rose as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Edges Higher Amid Fed Speculation

Posted: 25 Aug 2011 01:13 AM PDT

Forexpros – The U.S. dollar edged higher against the yen on Thursday, firming up as speculation continued over what if any measures Federal Reserve Chairman Ben Bernanke may outline to bolster the U.S. economy.<br /><br />USD/JPY hit 77.23 during late Asian trade, the pair&rsquo;s highest since August 11; the pair subsequently consolidated at 77.02, easing up 0.08%.<br /><br />The pair was likely to find support at 76.29, the low of August 11 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Firmer, Testing Hourly Wedge Resistance

Posted: 25 Aug 2011 01:09 AM PDT

The euro has traded continually higher throughout the session after receiving support from the 100 and 200 hour moving averages in addition to a bullish trend line. With the major European equity indexes all opening higher tonight, strength has continued with the EUR/USD currently testing resistance around 1.4465. If the pair can move higher through the trend line, we look to the 1.4500 handle as the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Tumble As CME Margin Hike Weighs

Posted: 25 Aug 2011 12:47 AM PDT

Forexpros – Gold futures were sharply lower for the third consecutive day on Thursday, hitting an eight-day low after the CME Group raised margins on gold contracts by the most in over two years, prompting investors to sell their positions to lock in gains.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,742.95 a troy ounce during late Asian trade, retreating 1.15%.&nbsp;&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Edges Higher After Strong Retail Sales Data

Posted: 25 Aug 2011 12:40 AM PDT

Forexpros – The New Zealand dollar edged higher against its U.S. counterpart on Thursday, after better-than-expected retail sales data boosted expectations for a rate hike by the country&rsquo;s central bank.<br /><br />NZD/USD hit 0.8313 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8309, gaining 0.32%.<br /><br />The pair was likely to find short-term support at 0.8211, Tuesday&rsquo;s low and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Unchanged Ahead Of Bernanke Speech

Posted: 25 Aug 2011 12:16 AM PDT

Forexpros – The Australian dollar trimmed losses against its U.S. counterpart on <br />Thursday, as markets looked to a speech by Federal Reserve Chairman Ben Bernanke for indications of a fresh round of monetary stimulus.<br /><br />AUD/USD pulled back from 1.0427, the daily low, to hit 1.0476 during late Asian trade, unchanged over the day.<br /><br />The pair was likely to find support at 1.0361, the low of August 22 and resistance at 1.0531, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Broadly Higher; Nikkei Jumps 1.54%

Posted: 24 Aug 2011 11:52 PM PDT

Forexpros – Asian stock markets were broadly higher on Thursday, as upbeat data on U.S. durable goods orders and strong earnings reports boosted sentiment, while markets continued to look ahead to Friday&rsquo;s speech by Federal Reserve Chairman Ben Bernanke.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.55%, Australia&rsquo;s ASX/200 Index rose 1.08%, while Japan&rsquo;s Nikkei 225 Index advanced 1.54%.<br /><br />Data on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Steady As Spotlight On Fed’s Bernanke

Posted: 24 Aug 2011 11:37 PM PDT

Forexpros – The euro was steady against the U.S. dollar on Thursday, amid speculation over whether Federal Reserve Chairman Ben Bernanke will outline a fresh round of economic stimulus at the Fed&rsquo;s annual economic conference.<br /><br />EUR/USD hit 1.4426 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4420, easing up 0.04%.<br /><br />The pair was likely to find support at 1.4270, the low of August 18 and resistance at 1.4499, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Gfk Consumer Climate Dips In Line With Expectations

Posted: 24 Aug 2011 11:22 PM PDT

Forexpros – Germany’s consumer climate for September declined in line with expectations, industry data showed on Thursday.<br /><br />In a report, market research group Gfk said its index of Germany’s consumer climate fell in line with expectations to 5.2 in September from 5.3 in August, whose figure was revised down from 5.4.<br /><br />Despite the current crisis on the financial markets, Germans&rsquo; willingness to buy is surprisingly robust and increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Gol Linhas Aereas

Posted: 24 Aug 2011 11:05 PM PDT

We downgrade our recommendation on GOL Linhas Aereas (NYSE:GOL) from Neutral to Underperform based on the competitive Brazilian aviation market, wherein the airport infrastructural crisis is leading to lower efficiency and higher operational cost for the airline companies, including GOL. Moreover, the risk of a dwindling customer demand across GOL’s operating route network along with its dependence on a few clients may put pressure on the stock.
The company reported a loss per share of R$1.33 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Covidien Plc

Posted: 24 Aug 2011 11:05 PM PDT

Covidien Plc (NYSE:COV) operates in the relatively stable healthcare products industry which offers investors both growth and defense. That’s a great thing to have in today’s market.
Estimates have been rising for the company after it reported better-than-expected sales and EPS for its fiscal third quarter, sending it to a Zacks #2 Rank (Buy).
Covidien also generates substantial free cash flow and has been returning it to shareholders through stock buybacks and dividend hikes. It currently yields … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: VAALCO Energy Inc

Posted: 24 Aug 2011 11:05 PM PDT

VAALCO Energy (NYSE:EGY) analysts continue to raise forecasts for EGY, pushing shares to a Zacks #1 Rank (Strong Buy). The most recent rush of earnings estimate revisions has come on a second-quarter earnings surprise.
The stock has been volatile, but with a single-digit P/E now could be the time to scoop up shares.
Company Description
VAALCO Energy engages in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates both domestically and abroad, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Silicom, Ltd. (SILC)

Posted: 24 Aug 2011 11:05 PM PDT

Silicom Ltd. (NASDAQ:SILC) engages in the design, manufacture, marketing, and support of connectivity solutions for a range of servers and server-based systems. The firm has several growth engines including Information Technology’s return to growth, the march to 10GB per second technology, a large and growing base of OEM customers includes most of the market-leading players, staged launch of new products, and a strong OEM business model which limits operating expenses.
SETAC, the firm’s new Server … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: IAC/InteractiveCorp

Posted: 24 Aug 2011 11:05 PM PDT

IAC/InteractiveCorp (NASDAQ:IACI) is seeing big gains in 2011, recently spiking into a new multi-year high after reporting strong Q2 results that included an 81% earnings surprise. With estimates on the rise and bullish growth projection, this Zacks #1 Rank stock just ended your search for momentum.
Company Description
IAC/InterActiveCorp operates in the Internet business in the United States and Internationally through four segments; Search, Match, ServiceMagic and Media/Other. The company was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 24 Aug 2011 10:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4413, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4348, Monday&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8802 and EUR/JPY rising 0.06% 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: 24 Aug 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6369, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.6353, Wednesday&rsquo;s low, and resistance at 1.6571, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8799 and GBP/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed In Mid-day Asian Trade

Posted: 24 Aug 2011 08:27 PM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Thursday, following gains on Wall Street and the release of better-than-expected U.S. economic data.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>In mid-day Asian trade, the greenback was higher against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cartoon Of The Day: Economic Optimist Club

Posted: 24 Aug 2011 07:48 PM PDT

Forex – USD/JPY Sags In Mid-day Asian Trade

Posted: 24 Aug 2011 07:47 PM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar fell against the Japanese yen in Asian trade Thursday, following the release of U.S. economic data showing a better-than-expected performance in automobile sector activity.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>In early Asian trade USD/JPY hit 77.15, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


How Private Propety Rights And Limited Trophy Hunting Saved The African Rhino From Extinction

Posted: 24 Aug 2011 07:41 PM PDT

“In 1900, the southern white rhinoceros was the most endangered of the five rhinoceros species. Fewer than 20 rhinos remained in a single reserve in South Africa. By 2010, white rhino numbers had climbed to more than 20,000, making it the most common rhino species on the planet. Saving the white rhino from extinction can be attributed to a change in policy that allowed private ownership of wildlife. While protecting the rhinos encouraging breeding, the ranchers were able to profit by limited … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Stocks Gain Ground In Early Trade; Nikkei Lifted 1.5%

Posted: 24 Aug 2011 07:01 PM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Asian stocks moved higher Thursday, on the back of better-than-expected U.S. economic data and the prospects for fiscal stimulus from the Federal Reserve.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>During early Asian trade, Japan&rsquo;s Nikkei 225 Index advanced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Déjà Vu All Over Again?

Posted: 24 Aug 2011 06:31 PM PDT

A recent poll reveals that “Upper Income Confidence [Is] Plunging”:
 
In fact, Gallup notes,
the last time upper-income Americans were more pessimistic than other Americans on a monthly basis was during the financial crisis of November 2008 to March 2009. At that time, Americans were facing both a banking crisis and a plummeting economy. Now as then, upper-income Americans are challenged not only by a slowing global economy and housing depression, but also by the financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Gains In Early Asian Trade

Posted: 24 Aug 2011 06:21 PM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Crude oil futures moved higher in Asian trade Thursday, dipping earlier in the session as U.S. government figures showed a surprising drop in crude stockpiles last week.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>On the New York Mercantile Exchange light, sweet crude futures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Continue Slide In Asian Trade

Posted: 24 Aug 2011 05:28 PM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros &ndash; Gold futures extended losses in Asian trade Thursday, adding to sharp falls the previous session as rising U.S. equities and positive economic data sparked dealer enthusiasm in riskier assets.&nbsp;</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Occupational Licensing Gone Wild: In Chicago, You Need A License To Help Others Get A License

Posted: 24 Aug 2011 04:42 PM PDT

NCPA — “Restrictions on who can and cannot practice a certain profession have increased significantly in recent years (see chart above). Occupational licensing — the most onerous restriction — requires people to pass tests and meet other criteria before they can practice a trade. It is a barrier to employment, disproportionately affecting low-income and immigrant workers, and frequently benefiting established practitioners by limiting competition from new entrants.

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


Oil Technical Analysis For August 25, 2011

Posted: 24 Aug 2011 10:27 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract fell slightly on Wednesday as the market took a bit of a pause from the previous three bullish sessions. The market still looks like it is trying to form a bit of a bullish base above the $80 level, and as such could see some bouncing around in this area. The overall move still seems to be upwards though, and because of that we are looking to buy pullbacks in this contract. A break of the $90 mark would be a longer-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For August 25, 2011

Posted: 24 Aug 2011 10:25 AM PDT

By CommoditiesMansion.com

 
The natural gas markets fell on Wednesday as the $4 resistance level has held one more time. It was former support, and the fact that it is holding as resistance only confirms our bearish view on this market. The supply of natural gas is simply too high for price to do anything else quite frankly. We like selling any and all rallies, as well as new lows. With the recent rectangle being broken, we can measure the potential move down to the $3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For August 25, 2011

Posted: 24 Aug 2011 10:24 AM PDT

By CommoditiesMansion.com

 
The gold markets sold off extremely hard on Wednesday as traders began to understand just how oversold this market really is. In fact, at the end of the session the market had shed $100 worth of value. For a while now, we have been warning about the possibility of a pullback, and that it could be brutal because of the overbought conditions in this market.
We have had a massive pullback, and we feel that the $1,700 area could be targeted before it is all said … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Daily Fundamental Analysis For August 25, 2011

Posted: 24 Aug 2011 01:58 AM PDT

By CommoditiesMansion.com
Crude oil prices were little changed on Wednesday, where investors remained cautious ahead of Friday's key speech by the Federal Reserve Bank's Chairman Ben Bernanke, as expectations signal Bernanke could hint for further monetary easing. Meanwhile, the EIA report showed crude oil inventories fell last week by 2.2 million barrels, opposite to expectations of an increase by 1.8 million barrels.
Traders will be focused on whether the Fed will step in to stimulate the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For August 25, 2011

Posted: 24 Aug 2011 01:58 AM PDT

By CommoditiesMansion.com
Natural gas prices fell on Wednesday on expectations the EIA will report natural gas stockpiles rose above the average, where the EIA report is expected to show that natural gas inventories increased by 74 billion cubic feet, compared with the prior rise of 50 billion cubic feet.
Markets will be focused on Thursday at the EIA report for natural gas inventories. Meanwhile, the outlook of the U.S. economy and the prospects of further slowdown could weigh down on natural … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Daily Fundamental Analysis For August 25, 2011

Posted: 24 Aug 2011 01:57 AM PDT

By CommoditiesMansion.com
Gold prices fell on Wednesday for a second day after rising to a new record high above $1900 an ounce set on Monday, where rising optimism among traders boosted demand for higher yielding assets, which pushed prices off their record high. U.S. durable goods orders rose above expectations, which eased concerns among traders over the outlook for economic growth in the United States, and increased demand for riskier assets.
We expect demand for safe haven to remain strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Price Of Becoming Swedish

Posted: 24 Aug 2011 12:27 AM PDT

Europe seems to lurch from crisis to crisis and the time between them has shrunk dramatically from months to days. Where does it all end? (See this hilarious account of what’s wrong with Europe).

To put the European sovereign debt problem into context, what we have is the case of a number of peripheral countries that have taken on too much debt. The question then becomes, who bears the pain of this situation? There are four principal solutions:

Default/restructuring – the banks first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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