DailyMarkets.com - European Stocks Tumble Into Bear Territory; DAX Drops 3.5%
DailyMarkets.com - European Stocks Tumble Into Bear Territory; DAX Drops 3.5% |
- European Stocks Tumble Into Bear Territory; DAX Drops 3.5%
- Investing Into Safer Counters
- Crude Oil Futures Plunge To 11-month Low On Global Fears
- Indonesian Central Bank Holds Reference Rate At 6.75%
- Rwanda Central Bank Holds Repo Rate At 6.00%
- Forex – Dollar Mixed V. Rivals, Yen, Swiss Franc Extend Rally
- U.K. Goods Trade Deficit Widens Unexpectedly
- U.K. Manufacturing Production Rises More-than-expected
- Forex – GBP/USD Edges Higher Ahead Of U.K. Data
- Gold Futures Hit Fresh Record, Top USD1,770 An Ounce
- Forex – USD/JPY Hits 3-day Low, To Retest Pre-intervention Levels
- Forex – NZD/USD Off 3-month Low As Risk Aversion Eases
- Forex – AUD/USD Regains Ground, Bounces Off 5-month Low
- Asia Stocks Pare Losses After Sharp Plunge; Nikkei Drops 1.5%
- Forex – EUR/USD Edges Higher But Downside Risks Remain
- China CPI Rises Unexpectedly In July
- Momentum Stock: CF Industry Holdings, Inc.
- Aggressive Growth Stock: Northwest Pipe Co.
- Growth & Income Stock: The Bank Of Nova Scotia
- Bear Of The Day: StanCorp Financial (SFG)
- Bull Of The Day: Boston Scientific (BSX)
- Forex – EUR/USD Up During The Asian Session
- Forex – GBP/USD Up In Asian Trade
- Panic Selling Hits Markets
- Forex – EUR/CHF Down In Asian Trading Hours
- Forex – USD/CHF Down During Asian Trade
- EUR/USD’s Double Bottom And Inverted Head And Shoulder Scenario
- Gold Futures Top All-time High In Asian Trade
- Charles Nenner And Harry Dent Jr 2012 Cycle Bears – Part Four
- Forex – USD/JPY Weakens In Mid-day Asian Trade
- Asian Stocks Plummet In Early Trade; Nikkei Dives 4%
- The New Yorker Bottom?
- Oil Technical Analysis For August 9, 2011
- Natural Gas Technical Analysis For August 9, 2011
- Gold Technical Analysis For August 9, 2011
- Gold Daily Fundamental Analysis For August 09, 2011
- Crude Oil Daily Fundamental Analysis For August 09, 2011
- Natural Gas Daily Fundamental Analysis For August 09, 2011
| European Stocks Tumble Into Bear Territory; DAX Drops 3.5% Posted: 09 Aug 2011 03:07 AM PDT Forexpros – European stock markets were down sharply on Tuesday, one day after suffering its biggest one-day decline since March 2009, as mounting fears over the global economic outlook prompted investors to shun riskier assets. <br /><br />During European morning trade, the EURO STOXX 50 fell 2.1%, France’s CAC 40 tumbled 1.7%, while Germany’s DAX 30 plunged 3.5%.<br /><br />European equities came off their earlier lows, after the DAX index dropped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 09 Aug 2011 02:41 AM PDT Barely a week ago, we've shared with you the change in trend of the US market from the Technical perspective. This was followed by a bloodbath wiping out more than 15% off the market. Things aren't looking rosy anymore. Read about The Significance of yesterday's drop from Technical POV here.
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| Crude Oil Futures Plunge To 11-month Low On Global Fears Posted: 09 Aug 2011 02:35 AM PDT Forexpros – Crude oil futures extended sharp losses from the previous session on Tuesday, tumbling to an 11-month low as mounting fears over the global economic recovery weighed on future demand expectations, while an overall sense of risk aversion prompted investors to shun riskier assets. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD78.45 a barrel during European morning trade, plunging 3%. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Indonesian Central Bank Holds Reference Rate At 6.75% Posted: 09 Aug 2011 02:29 AM PDT Indonesia’s central bank, Bank Indonesia, kept the BI reference rate on hold at 6.75%. The Bank said: “Bank Indonesia views that the current BI rate level is still consistent with efforts to maintain macroeconomic and financial stability as well as to support stronger economic growth. Bank Indonesia is confident that the impact of the recent turmoil in the global financial markets because of the U.S. credit rating downgrade to the domestic financial market is limited, and can be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Rwanda Central Bank Holds Repo Rate At 6.00% Posted: 09 Aug 2011 02:20 AM PDT The National Bank of Rwanda held its key repo rate unchanged at 6.00%. Bank Governor, Claver Gatete, said: “Considering current developments and outlook in economic fundamental, central bank monetary policy will remain accommodative to sustain lending to the economy consistent with the growth objective in 2011,”. The IMF previously noted that it is forecasting inflation of 7.5% for 2011 and cautioned the East African nation to tighten monetary policy in order to avoid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Mixed V. Rivals, Yen, Swiss Franc Extend Rally Posted: 09 Aug 2011 02:15 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Tuesday, while the safe haven yen and Swiss franc extended sharp gains from the previous session as investors sought shelter from a rout in global equities. <br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD gaining 0.39% to hit 1.4235.<br /><br />Earlier in the day, government data showed that Germany’s trade surplus narrowed in line with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.K. Goods Trade Deficit Widens Unexpectedly Posted: 09 Aug 2011 02:04 AM PDT Forexpros – The U.K.’s goods trade deficit widened unexpectedly in June, official data showed on Tuesday.<br /><br />In a report, the U.K. Office for National Statistics said the country’s goods trade deficit widened to a seasonally adjusted GBP8.9 billion in June, compared to a deficit of GBP8.5 billion in May. <br /><br />Economists had expected the goods trade deficit to narrow to GBP8.2 billion in June.<br /><br />The report said that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.K. Manufacturing Production Rises More-than-expected Posted: 09 Aug 2011 01:51 AM PDT Forexpros – Manufacturing production in the U.K. fell unexpectedly in June, official data showed on Tuesday.<br /><br />In a report, the U.K. Office for National Statistics said that manufacturing production fell by 0.4% in June, confounding expectations for a 0.2% gain.<br /><br />Manufacturing production rose by 1.8% in May. <br /><br />Year-on-year, manufacturing production rose at an annualized rate of 2.1%, below expectations for a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Edges Higher Ahead Of U.K. Data Posted: 09 Aug 2011 01:25 AM PDT Forexpros – The pound edged higher against the U.S. dollar on Tuesday, regaining some of the previous day’s sharp losses, while traders awaited key U.K. data on manufacturing production and on its trade deficit.<br /><br />GBP/USD hit 1.6393 during early European trade, a daily high; the pair subsequently consolidated at 1.6361, gaining 0.25%.<br /><br />Cable was likely to find support at 1.6227, the low of August 5 and short-term resistance at 1.6475, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Hit Fresh Record, Top USD1,770 An Ounce Posted: 09 Aug 2011 01:14 AM PDT Forexpros – Gold futures rallied to a fresh record high for a second day on Tuesday, as mounting worries over the outlook for global economic growth and sharp losses in global equity markets underlined the safe haven appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,755.95 a troy ounce during early European trade, jumping 2.05%. <br /><br />It earlier rose as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Hits 3-day Low, To Retest Pre-intervention Levels Posted: 09 Aug 2011 12:55 AM PDT Forexpros – The U.S. dollar was down for a third day against the yen on Tuesday, surrendering nearly all the gains made in the wake of last week’s Japanese intervention to stem the yen’s strength. <br /><br />USD/JPY hit 77.04 during late Asian trade, the lowest since August 4; the pair subsequently consolidated at 77.31, retreating 0.57%.<br /><br />The pair was likely to find short-term support at 76.77, the low of August 3 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Off 3-month Low As Risk Aversion Eases Posted: 09 Aug 2011 12:39 AM PDT Forexpros – The New Zealand dollar pared sharp losses against its U.S. counterpart on Tuesday, easing off a three-month low as risk sentiment recovered following the previous day’s rout in global markets.<br /><br />NZD/USD pulled back from 0.7961, the pair’s lowest since May 25, to hit 0.8191 during late Asian trade, shedding 0.18% on the day. <br /><br />The pair was likely to find short-term support at 0.7961, the daily low and three-month low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – AUD/USD Regains Ground, Bounces Off 5-month Low Posted: 09 Aug 2011 12:19 AM PDT Forexpros – The Australian dollar retreated from a five-month low against its U.S. counterpart on Tuesday, erasing sharp losses suffered after stronger-than-expected Chinese inflation data added to fears over the outlook for global economic growth.<br /><br />AUD/USD clawed back from 0.9925, the pair’s lowest since March 18, to hit 1.0228 during late Asian trade, gaining 0.39% on the day. <br /><br />The pair was likely to find short-term support at 0.9925, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Asia Stocks Pare Losses After Sharp Plunge; Nikkei Drops 1.5% Posted: 08 Aug 2011 11:58 PM PDT Forexpros – Asian stock markets posted sharp losses on Tuesday, as market sentiment was rattled following a massive overnight sell-off on Wall Street, while stronger-than-expected Chinese inflation data added to fears over the global economic outlook.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index plunged 3%, South Korea’s Kospi Composite tumbled 3.65%, while Japan’s Nikkei 225 Index sank 1.5%.<br /><br />Asian equities came off … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Edges Higher But Downside Risks Remain Posted: 08 Aug 2011 11:34 PM PDT Forexpros – The euro edged higher against the U.S. dollar on Tuesday, recouping some of the previous day’s sharp losses, but the single currency remained vulnerable amid growing fears over the global economic outlook.<br /><br />EUR/USD hit 1.4247 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4211, gaining 0.23%.<br /><br />The pair was likely to find support at 1.4054, the low of August 5 and a two-week low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| China CPI Rises Unexpectedly In July Posted: 08 Aug 2011 11:18 PM PDT Forexpros – Consumer price inflation in China rose unexpectedly in July, accelerating at the fastest pace in three years, official data showed on Tuesday.<br /><br />In a report, China’s National Bureau of Statistics said consumer price inflation rose by a seasonally adjusted 6.5% in July, after rising by 6.4% in June.<br /><br />Analysts had expected Chinese CPI to rise by 6.4% in July. <br /><br />The report also showed that producer price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Momentum Stock: CF Industry Holdings, Inc. Posted: 08 Aug 2011 11:05 PM PDT CF Industry Holdings, Inc. (NYSE:CF) is hanging tough in a very challenging market, trading within $20 of its multi-year high at $163 after reporting strong Q2 results that came in ahead of expectations. Estimates have since jumped higher, providing more support for this Zacks #1 Rank stock.
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| Aggressive Growth Stock: Northwest Pipe Co. Posted: 08 Aug 2011 11:05 PM PDT Northwest Pipe Co (NASDAQ:NWPX) just reported a great quarter, with surging revenues and an excellent EPS beat.
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| Growth & Income Stock: The Bank Of Nova Scotia Posted: 08 Aug 2011 11:05 PM PDT With the market looking just a little too much like it did in 2008, investors may be leery of bank stocks right now. But don’t lump them altogether.
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| Bear Of The Day: StanCorp Financial (SFG) Posted: 08 Aug 2011 11:05 PM PDT We are downgrading the recommendation on StanCorp Financial Group (NYSE:SFG) to Underperform on the back of second quarter results. The quarter experienced a higher level of claims incidence in the Insurance Services segment, driving less favorable claims experience. The company reported second quarter operating earnings way behind the Zacks Consensus Estimate.
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| Bull Of The Day: Boston Scientific (BSX) Posted: 08 Aug 2011 11:05 PM PDT Boston Scientific (NYSE:BSX) reported second-quarter adjusted EPS of $0.12 on revenues which increased 2.4% to $1.975 billion. Both numbers beat the Zacks Consensus Estimates. Following the launch of its Ion stent in the US, Boston Scientific increased its market share in the US to 50%. Moreover, this launch also sets the stage for the launch of Promus Element in the US, much ahead of the original timeline of June 30, 2012.
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| Forex – EUR/USD Up During The Asian Session Posted: 08 Aug 2011 10:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4237, up 0.41% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday’s low, and resistance at 1.4426, Monday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.35% to hit 0.8718 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Up In Asian Trade Posted: 08 Aug 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6330, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.6229, Thursday’s low, and resistance at 1.6475, Monday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.35% to hit 0.8718 and GBP/JPY falling 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 08 Aug 2011 10:15 PM PDT Just six trading days ago the S&P 500 traded above 1300, and now it looks quite likely the S&P will trade below 1100. All told a huge amount of wealth has been wiped out of the S&P 500 in a very short period of time. Looking at a daily chart of the S&P 500 the downside target of the head and shoulders formation that formed the former trading range for 2011 was 1160 (this target is achieved by taking the height of the head from the neckline, which is 100 points, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/CHF Down In Asian Trading Hours Posted: 08 Aug 2011 09:55 PM PDT Forexpros – The Euro was lower against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.0687, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.0604, today’s low, and resistance at 1.1139, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.35% to hit 1.4229 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CHF Down During Asian Trade Posted: 08 Aug 2011 09:25 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.7510, down 0.55% at time of writing.<br/><br/> The pair was likely to find support at 0.7484, Monday’s low, and resistance at 0.7801, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.35% to hit 1.4228 and USD/JPY falling 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/USD’s Double Bottom And Inverted Head And Shoulder Scenario Posted: 08 Aug 2011 08:56 PM PDT Prev: Euro Relief Fading Against USD, GBP, JPY and CHF (8/8) Double Bottom
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| Gold Futures Top All-time High In Asian Trade Posted: 08 Aug 2011 08:08 PM PDT Forexpros – Gold futures jumped to record levels in mid-day Asian trade Monday, as investors sought safer havens following Wall Street’s sixth worst showing ever on a downgrade to the U.S. credit rating.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,745.25 a troy ounce during Asian mid-day trade, up USD26, or 1.45% higher.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Charles Nenner And Harry Dent Jr 2012 Cycle Bears – Part Four Posted: 08 Aug 2011 08:01 PM PDT Charles Nenner system is bearish until Oct 2012. Previous Posts Points
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| Forex – USD/JPY Weakens In Mid-day Asian Trade Posted: 08 Aug 2011 07:30 PM PDT Forexpros – The Japanese yen extended gains against the U.S. dollar in mid-day Asian trade Monday, as the greenback retreated following steep losses on Wall Street from Standard and Poor’s downgrade to the U.S. credit rating.<br /><br />In early Asian trade USD/JPY hit 77.86, the pair’s highest since August 7; the pair subsequently consolidated at 77.28, falling 0.63%. <br /><br />The pair was likely to find support at 77.01, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Asian Stocks Plummet In Early Trade; Nikkei Dives 4% Posted: 08 Aug 2011 06:44 PM PDT Forexpros – Asian stocks sank in early trade Tueday, pulled down by steep drops on Wall Street and worsening prospects for global economic growth following the U.S. credit rating downgrade. <br /><br />During early Asian trade, Hong Kong’s Hang Seng Index retreated 2.2% to 20,490.57, Japan’s Nikkei 225 Index tumbled 4% to 8,727.83, Australia’s S&P/ASX 200 declined 4.25% to 3,816.80, and South Korea’s Kospi Index fell 4.75% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 08 Aug 2011 12:23 PM PDT Remember the market adage about the magazine cover indicator? When a popular magazine (not financial one such as the Wall Street Journal, Barrons or the Financial Times) writes about either the devastation of bear markets or the beauty of stocks, then it’s a contrarian sign marking either a top (in the case of exuberance) or bottom (in the case of excessive bearishness). I just came across the latest cover from the New Yorker and the lead commentary is entitled “How bad is it out there? … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oil Technical Analysis For August 9, 2011 Posted: 08 Aug 2011 09:34 AM PDT By CommoditiesMansion.com
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| Natural Gas Technical Analysis For August 9, 2011 Posted: 08 Aug 2011 09:32 AM PDT By CommoditiesMansion.com
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| Gold Technical Analysis For August 9, 2011 Posted: 08 Aug 2011 09:30 AM PDT By CommoditiesMansion.com Originally posted here Explore WTICrudeOil.com to find out about oil prices, and the latest oil news in the market.
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| Gold Daily Fundamental Analysis For August 09, 2011 Posted: 08 Aug 2011 01:39 AM PDT By CommoditiesMansion.com
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| Crude Oil Daily Fundamental Analysis For August 09, 2011 Posted: 08 Aug 2011 01:39 AM PDT By CommoditiesMansion.com
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| Natural Gas Daily Fundamental Analysis For August 09, 2011 Posted: 08 Aug 2011 01:38 AM PDT By CommoditiesMansion.com
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