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- European Stocks Broadly Higher; DAX Jumps 1.1%
- Forex Trading: EUR/USD Bullish Hourly Trendline Support, Testing 23.6% On Hourly
- 4 Stocks To Watch On Wednesday, August 24
- Bank Of Thailand Raises Repo Rate 25bps To 3.50%
- Euro Zone Industrial New Orders Drop Unexpectedly In June
- Forex Trading: Euro Zone Industrial New Orders (m/m) -0.7%; Worse Than The 0.6% Forecast And 3.6% Prior Reading.
- Forex – Dollar Broadly Lower Vs. Rivals As Stimulus Fears Weigh
- Forex – Pound Steady As Stimulus Fears Weigh On Dollar
- Crude Oil Edges Lower On Uncertain U.S. Demand Picture
- Hungary Central Bank Holds Base Rate At 6.00%
- Turkish Central Bank Holds Benchmark Rate At 5.75%
- German Ifo Business Climate Falls More-than-expected
- Forex – USD/JPY Steady After Japan Move On Yen Strength
- Gold Futures Down For 2nd Day, Physical Demand Supports
- Forex – NZD/USD Slides As Risk Aversion Escalates
- Forex – AUD/USD Down As Global Growth Fears Weigh
- Asia Stocks Drop; Nikkei Falls 1.1% On Moody’s Downgrade
- Forex – EUR/USD Slides Amid Renewed Euro Zone Debt Concerns
- Growth & Income Stock: Walgreen Co.
- Momentum Stock: Ralph Lauren Corp
- Aggressive Growth Stock: Rocky Brands, Inc
- Bear Of The Day: Computer Sciences Corp. (CSC)
- Bull Of The Day: CIGNA Corporation (CI)
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down In Asian Trade
- 78% Of Congress Lacks An Econ/Business Degree
- Forex – Dollar Pads Gains In Mid-day Asian Trade
- Cartoon Of The Day: Minutes Before DC Earthquake
- USGS Revises Estimate Of Marcellus Gas By +42X
- Forex – USD/JPY Climbs In Mid-day Asian Trade
- Asian Stocks Advance In Early Trade; Nikkei Rises 0.6%
- Singapore Stock Market Update For Wednesday 24 August
- Still Not Worried
- Forex – EUR/USD Slips In Early Asian Trade
- Crude Oil Retreats In Early Asian Trade
- Oil Technical Analysis For August 24, 2011
- Natural Gas Technical Analysis For August 24, 2011
- Gold Technical Analysis For August 24, 2011
- Banking System Like 2008? What About 1998 And LTCM?
- Gold Daily Fundamental Analysis For August 24, 2011
- Natural Gas Daily Fundamental Analysis For August 24, 2011
- Crude Oil Daily Fundamental Analysis For August 24, 2011
| European Stocks Broadly Higher; DAX Jumps 1.1% Posted: 24 Aug 2011 02:53 AM PDT Forexpros – European stock markets were broadly higher on Wednesday, amid ongoing speculation the Federal Reserve will introduce fresh stimulus measures to prop up the faltering U.S. economy. <br /><br />During European morning trade, the EURO STOXX 50 advanced 0.65% France’s CAC 40 rose 0.8%, while Germany’s DAX 30 jumped 1.1%<br /><br />Shares in Italian and Spanish lenders found support amid speculation the European Central Bank was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EUR/USD Bullish Hourly Trendline Support, Testing 23.6% On Hourly Posted: 24 Aug 2011 02:49 AM PDT We seen recent buying in the euro following some selling after worse than expected German Ifo and Euro zone industrial new orders readings. Seen on the hourly chart, the pair once against tested upward trendline support and tested the 23.6% on the move from Monday's low to yesterday's high. Continued strength in the euro should see us test the 1.4500 handle again, but a turnaround sees us back towards 1.44229. We may not see a chosen direction until the entrance of New York into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| 4 Stocks To Watch On Wednesday, August 24 Posted: 24 Aug 2011 02:49 AM PDT ( click to enlarge ) FormFactor, Inc.(NASDAQ:FORM) – Technical daily chart is showing a bullish engulfing pattern which is bullish in nature, but bulls has to go through a cluster of resistance as shown the red line in the chart. Resistance cluster is from 8.41-8.56 area. Price needs also to keep its head above 13 day moving average which is important for bulls. The daily stochastic is oversold, indicating a higher probability for the daily trend to resume up. Stay tuned…. I still like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Bank Of Thailand Raises Repo Rate 25bps To 3.50% Posted: 24 Aug 2011 02:28 AM PDT The Bank of Thailand raised its benchmark 1-day bond repurchase rate by 25 basis points to 3.50% from 3.25%. Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: “The MPC agreed that the slowdown in advanced economies would partially weigh on Thai exports. However, expanding intra-regional trade in tandem with the continued growth of domestic demand in Asian economies as well as export diversification to new markets will help … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Euro Zone Industrial New Orders Drop Unexpectedly In June Posted: 24 Aug 2011 02:08 AM PDT Forexpros – Industrial new orders in the euro zone dropped unexpectedly in June, official data showed on Wednesday.<br /><br />In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 0.7% in June, after jumping 3.6% in May.<br /><br />Analysts had expected industrial new orders to rise by 0.4% in June.<br /><br />The report showed that the annualized rate of industrial new orders in the euro zone rose 11.1% in June, below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 24 Aug 2011 02:03 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Broadly Lower Vs. Rivals As Stimulus Fears Weigh Posted: 24 Aug 2011 01:58 AM PDT Forexpros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as concerns that the Federal Reserve may announce to fresh steps to boost U.S. growth weighed on demand for the greenback.<br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.18% to hit 1.4465.<br /><br />The single currency shrugged off data showing that the Ifo Institute’s index of German business climate fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Pound Steady As Stimulus Fears Weigh On Dollar Posted: 24 Aug 2011 01:53 AM PDT Forexpros – The pound was steady against the U.S. dollar on Wednesday, holding modest gains as speculation over the possibility of fresh stimulus measures to bolster the U.S. economy weighed on the greenback.<br /><br />GBP/USD hit 1.6514 during European morning trade, the daily high; the pair subsequently consolidated at 1.6506, easing up 0.06%.<br /><br />Cable was likely to find support at 1.6435, the low of August 22 and short-term resistance at 1.6572, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Edges Lower On Uncertain U.S. Demand Picture Posted: 24 Aug 2011 01:35 AM PDT Forexpros – Crude oil futures edged lower on Wednesday, giving back some of the previous day’s sharp gains after industry data painted a mixed picture of U.S. energy demand, while a stronger U.S. dollar also weighed.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD85.12 a barrel during European morning trade, slumping 0.37%. <br /><br />It earlier fell as much as 0.85% to trade at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hungary Central Bank Holds Base Rate At 6.00% Posted: 24 Aug 2011 01:34 AM PDT The Magyar Nemzeti Bank maintained its benchmark base rate steady at 6.00% as inflation drifted down towards its target. The Bank said: “Hungary has also been affected by the decline in global risk appetite due to the euro-area sovereign debt crisis and uncertainty surrounding the outlook for growth in developed countries. The Monetary Council has decided to leave interest rates unchanged in light of the above considerations. Over the period ahead, the Council’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Turkish Central Bank Holds Benchmark Rate At 5.75% Posted: 24 Aug 2011 01:17 AM PDT The Central Bank of the Republic of Turkey maintained its benchmark 1-week repo rate unchanged at 5.75%. The Bank said: “The Committee has agreed that the measures taken at the interim meeting on August 4, 2011 have contained the downside risks for the economy for the time being, and thus decided to keep the policy instruments unchanged at this meeting. However, given the uncertainties regarding the global economy, it is important to monitor all developments closely, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| German Ifo Business Climate Falls More-than-expected Posted: 24 Aug 2011 01:07 AM PDT Forexpros – German business confidence declined more-than-expected in August, amid ongoing concerns over the euro zone’s sovereign debt crisis, industry data showed on Wednesday.<br /><br />In a report, the German research institute, Ifo said its Business Climate Index fell to a seasonally adjusted 108.7 in August. Analysts had expected the index to decline to 111.0. <br /><br />The Current Assessment Index fell to 118.1 from 121.4 last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Steady After Japan Move On Yen Strength Posted: 24 Aug 2011 12:54 AM PDT Forexpros – The U.S. dollar was unchanged against the yen on Wednesday, after Japan unveiled a two-pronged approach aimed at curbing the appreciation of the yen, creating a credit line to promote foreign investment and imposing new rules on companies’ foreign exchange holdings. <br /><br />USD/JPY hit 76.54 during late Asian trade, the daily low; the pair subsequently consolidated at 76.64, unchanged over the day.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Down For 2nd Day, Physical Demand Supports Posted: 24 Aug 2011 12:42 AM PDT Forexpros – Gold futures were down on Wednesday, extending sharp losses from the previous session as investors continued to cash out of the market to lock in gains from a rally that took prices to a record high, while spot gold prices advanced amid strong physical demand.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,846.15 a troy ounce during late Asian trade, shedding 0.7%. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Slides As Risk Aversion Escalates Posted: 24 Aug 2011 12:27 AM PDT Forexpros – The New Zealand dollar was down against its U.S. counterpart on Wednesday, as concerns over the outlook for global growth dampened investor demand for riskier assets.<br /><br />NZD/USD hit 0.8267 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8277, tumbling 0.99%.<br /><br />The pair was likely to find support at 0.8157, Monday’s low and a seven-day low and resistance at 0.8424, the high of August 17.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – AUD/USD Down As Global Growth Fears Weigh Posted: 24 Aug 2011 12:13 AM PDT Forexpros – The Australian dollar was lower against its U.S. counterpart on Wednesday, as concerns that the global economic recovery is losing momentum curbed demand for higher yielding assets.<br /><br />AUD/USD hit 1.0466 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0471, shedding 0.52%.<br /><br />The pair was likely to find support at 1.0385, Tuesday’s low and resistance at 1.0557, the high of August 18.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Asia Stocks Drop; Nikkei Falls 1.1% On Moody’s Downgrade Posted: 23 Aug 2011 11:46 PM PDT Forexpros – Asian stock markets were broadly lower on Wednesday, surrendering earlier gains amid uncertainty over whether the Federal Reserve would introduce further stimulus measures, while the Nikkei came under pressure following Moody’s downgrade of the nation’s sovereign debt. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index dropped 1.15%, Australia’s ASX/200 Index slipped 0.15%, while Japan’s Nikkei 225 Index retreated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Slides Amid Renewed Euro Zone Debt Concerns Posted: 23 Aug 2011 11:28 PM PDT Forexpros – The euro was lower against the U.S. dollar on Wednesday, as fresh concerns over the sovereign debt crisis in the single currency bloc and fears over the outlook for global growth weighed.<br /><br />EUR/USD hit 1.4388 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4405, shedding 0.20%.<br /><br />The pair was likely to find support at 1.4258, the low of August 19 and short-term resistance at 1.4499, Tuesday’s high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Growth & Income Stock: Walgreen Co. Posted: 23 Aug 2011 11:05 PM PDT Investors looking for strong growth and solid income at a reasonable price should take note of Walgreen Co. (NYSE:WAG).
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| Momentum Stock: Ralph Lauren Corp Posted: 23 Aug 2011 11:05 PM PDT Ralph Lauren Corp (NYSE:RL) is hanging tough in the weak market, recently rebound from a key trend line to push shares back into elevated territory. With a Q2 earnings surprise of 15% and bullish projection, this Zacks #1 Rank stock is a fashionable take on momentum.
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| Aggressive Growth Stock: Rocky Brands, Inc Posted: 23 Aug 2011 11:05 PM PDT Rocky Brands, Inc. (NASDAQ:RCKY) has done a fantastic job of eliminating costs to boost its bottom line further than anyone expected.
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| Bear Of The Day: Computer Sciences Corp. (CSC) Posted: 23 Aug 2011 11:05 PM PDT Computer Sciences Corp. (NYSE:CSC) is one of the leading players in the information technology (IT) services industry. We are apprehensive about the intense competition in the IT and cloud computing space from both small and big players such as Accenture and Hewlett-Packard.
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| Bull Of The Day: CIGNA Corporation (CI) Posted: 23 Aug 2011 11:05 PM PDT CIGNA Corporation’s (NYSE:CI) second quarter core earnings were fairly ahead of the Zacks Consensus Estimate well as the year-ago quarter’s earnings. Better-than-expected results were aided by strong earnings across the board. Earnings per share (EPS) also benefited from a lower share count compared with the year-ago quarter.
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| Forex – EUR/USD Down During The Asian Session Posted: 23 Aug 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4413, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday’s low, and resistance at 1.4500, Tuesday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8738 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Down In Asian Trade Posted: 23 Aug 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6489, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.6437, Monday’s low, and resistance at 1.6618, Friday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8742 and GBP/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| 78% Of Congress Lacks An Econ/Business Degree Posted: 23 Aug 2011 08:17 PM PDT POLITICO — “Almost 80 percent of lawmakers might need to crack open an economics textbook before the congressional recess ends, a new study on Tuesday suggests. The vast majority of members lack an academic background in business or economics, according to a study by the Employment Policies Institute, a nonprofit group that takes a conservative stand on fiscal issues. Only 13.7 percent majored in business or accounting, and 8.4 percent have an economics degree (see chart above). The most … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Pads Gains In Mid-day Asian Trade Posted: 23 Aug 2011 08:09 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar gained ground on its major counterparts in Asian trade Wednesday, as weaker than expected economic data fueled hopes that the U.S. Federal Reserve Bank would take steps to stimulate the economy.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>In mid-day Asian trade, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Cartoon Of The Day: Minutes Before DC Earthquake Posted: 23 Aug 2011 08:04 PM PDT |
| USGS Revises Estimate Of Marcellus Gas By +42X Posted: 23 Aug 2011 07:54 PM PDT PHILADELPHIA — “The U.S. Geological Survey (USGS) on Tuesday dramatically increased its estimate of the natural gas contained in the Marcellus Shale, the deep deposit that has triggered a drilling frenzy in Pennsylvania. The USGS now estimates that the shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids. The agency’s latest numbers are 42 times greater than its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Climbs In Mid-day Asian Trade Posted: 23 Aug 2011 07:22 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar extended gains against the Japanese yen in Asian trade Wednesday, as market players look to a meeting of U.S. Federal Reserve Bank officials for signs of further moves to stimulate the world’s largest economy.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Asian Stocks Advance In Early Trade; Nikkei Rises 0.6% Posted: 23 Aug 2011 06:54 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Asian stocks moved higher Wednesday, tracking gains on Wall Street and encouraged by the prospects of economic stimulus action from the U.S. Federal Reserve Bank.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>During early Asian trade, Hong Kong’s Hang Seng Index rose 2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Singapore Stock Market Update For Wednesday 24 August Posted: 23 Aug 2011 06:31 PM PDT US market closed high amid relief that a regional business gauge wasn’t as bad as a similar indicator last week. However, local market does not seem to be enjoying the good finishing. Market is currently down 3 points. Weakness still exist in market and sentiment has yet changed. We are still bearish on market. Short term trading
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| Posted: 23 Aug 2011 06:24 PM PDT And the number one reason why a double-dip recession — or, more accurately, another leg of the still-unfolding multi-year depression — is guaranteed to arrive is… (Image: source.)
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| Forex – EUR/USD Slips In Early Asian Trade Posted: 23 Aug 2011 05:59 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The euro weakened against the U.S. dollar in Asian trade Wednesday, even as economic data from Europe proved better than expected while activity numbers in the U.S. pointed to further sluggishness in the world’s largest economy.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Retreats In Early Asian Trade Posted: 23 Aug 2011 05:26 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Crude oil pared gains in Asian trade Wednesday, falling back after a strong showing by Wall Street and hopes that the U.S. Federal Reserve would soon vow action to boost the economy of the world’s largest energy consumer.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>On … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oil Technical Analysis For August 24, 2011 Posted: 23 Aug 2011 12:03 PM PDT By CommoditiesMansion.com Brent
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| Natural Gas Technical Analysis For August 24, 2011 Posted: 23 Aug 2011 12:01 PM PDT By CommoditiesMansion.com
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| Gold Technical Analysis For August 24, 2011 Posted: 23 Aug 2011 12:00 PM PDT By CommoditiesMansion.com
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| Banking System Like 2008? What About 1998 And LTCM? Posted: 23 Aug 2011 11:26 AM PDT Recently there has been some discussion about the stress showing up in the banking system. Cullen Roche at Pragmatic Capitalism pointed out that the CDS market in the selected European banks is showing higher levels of stress than 2008: Don Fishbach pointed out that the average CDS level for US banks is higher than levels seen in March 2008, which is worse than the Bear Stearns peak but lower than the worse stress seen during the Lehman Crisis: I wrote about this indicator in May 2011. My … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Daily Fundamental Analysis For August 24, 2011 Posted: 23 Aug 2011 01:49 AM PDT By CommoditiesMansion.com
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| Natural Gas Daily Fundamental Analysis For August 24, 2011 Posted: 23 Aug 2011 01:48 AM PDT By CommoditiesMansion.com
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| Crude Oil Daily Fundamental Analysis For August 24, 2011 Posted: 23 Aug 2011 01:47 AM PDT By CommoditiesMansion.com
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