DailyMarkets.com - The Year Of The Japanese Yen

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• The Year Of The Japanese Yen
• Euro Stocks Erase Gains Ahead Of Italian Auction; DAX Down 0.8%
• Crude Oil Under Fire Before US Data, Gold Outlook At Turning Point
• Forex Trading: European August Economic Confidence Falls To 98.3, Survey 100.2
• Forex – Dollar Broadly Higher As Risk Sentiment Weakens
• U.K. Net Lending To Individuals Rises Less-than-expected
• Crude Oil Futures Edge Lower As Strong Dollar Weighs
• Belarus Central Bank Hikes Rate 500bps To 27.00%
• Forex – USD/GBP Slides To Daily Low Ahead Of U.K. Lending Report
• Forex – USD/JPY Slides To Daily Low As Risk Appetite Wanes
• Gold Futures Rebound On Bargain-buying, Fed Minutes Awaited
• Forex – AUD/USD Erases Gains As Risk Appetite Ebbs
• Forex – NZD/USD Near 3-week High After NZ Housing Data
• Sell The Rally, So Says The Credit Spreads
• Asia Stocks Broadly Higher; Nikkei Jumps 1.2%
• Forex – EUR/USD Dips Ahead Of Fed Meeting Minutes
• Swiss UBS Consumption Indicator Declines In July
• Forex Trading: USD/JPY Testing 200 Hr Moving Average
• Australia Building Approvals Rise Less-than-expected
• Bull Of The Day: Priceline.com (PCLN)
• Momentum Stock: Darling International, Inc.
• Bear Of The Day: VistaPrint NV (VPRT)
• Growth & Income Stock: First Niagara Financial Group, Inc.
• Aggressive Growth Stock: Focus Media Holdings
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Aussie Building Approvals Rise In July, But Weaker Than Expected
• Double Take
• Oil Technical Analysis For August 30, 2011
• Natural Gas Technical Analysis For August 30, 2011
• Gold Technical Analysis For August 30, 2011
• Natural Gas Daily Fundamental Analysis For August 30, 2011
• Crude Oil Daily Fundamental Analysis For August 30, 2011
• Gold Daily Fundamental Analysis For August 30, 2011
• Not Too Late To Buy The Long Bond

The Year Of The Japanese Yen Posted: 30 Aug 2011 03:01 AM PDT The world of currency trading has been on extreme volatility so far this year because of all the financial crisis major economies have been experiencing. So if you ask me what currency has been performing well, 2 answers come to mind. One is the Swiss franc and the other is the Japanese yen. In this section, I'll talk about the latter. Gone are the days when investors worldwide consider the USD as a pure "safe haven." In some degree, it still is but this monicker has obviously been taken … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Stocks Erase Gains Ahead Of Italian Auction; DAX Down 0.8% Posted: 30 Aug 2011 02:37 AM PDT Forexpros – European stock markets turned lower on Tuesday, while U.S. future indices extended losses as appetite for riskier assets weakened ahead of a closely watched auction of Italian government debt and as markets awaited the release of minutes from the Federal Reserve's August policy-setting meeting. During European morning trade, the EURO STOXX 50 shed 0.4% France's CAC 40 edged 0.2% lower, while Germany's DAX 30 slumped 0.8%. Shares in the financial sector retreated, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Under Fire Before US Data, Gold Outlook At Turning Point Posted: 30 Aug 2011 02:20 AM PDT Talking Points Crude Oil at Risk as US Consumer Confidence Report Looms Ahead Gold May Rise on Safety Demand But Long-Term View Worrisome WTI Crude Oil (NY Close): $87.27 // +1.90 // +2.23% Crude prices continue to track broad-based trends in risk appetite, with deepening losses on S&P 500 stock index futures ahead of the opening bell on Wall Street pointing to weakness in the coming session. Sentiment is turning increasingly defensive ahead of the upcoming US Consumer Confidence figure, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: European August Economic Confidence Falls To 98.3, Survey 100.2 Posted: 30 Aug 2011 02:03 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher As Risk Sentiment Weakens Posted: 30 Aug 2011 01:57 AM PDT Forexpros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, as risk appetite ebbed amid renewed concerns over the outlook for global economic growth. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.50% to hit 1.4438. On Monday, European Central Bank President Jean-Claude Trichet said that growth in the euro zone could be weaker than expected in the months ahead, indicating that the central bank may keep interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Net Lending To Individuals Rises Less-than-expected Posted: 30 Aug 2011 01:44 AM PDT Forexpros – Net lending to individuals in the U.K. rose less-than-expected in July, official data showed on Tuesday. In a report, the Bank of England said net lending to individuals rose by GBP0.9 billion in July, after rising by GBP0.4 billion in June. Analysts had expected net lending to rise by GBP1.1 billion in July. Net consumer credit rose by GBP0.2 billion, disappointing expectations for a GBP0.4 billion gain. The report showed that the number of final mortgage approvals rose in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Edge Lower As Strong Dollar Weighs Posted: 30 Aug 2011 01:41 AM PDT Forexpros – Crude oil futures edged lower on Tuesday, but remained close to the previous session's two-week high as a stronger U.S. dollar dampened the appeal of commodities ahead of the release of minutes from the Federal Reserve's August policy-setting meeting. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD87.11 a barrel during European morning trade, edging 0.18% lower. It earlier fell as much as 0.23% to trade at a daily low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Belarus Central Bank Hikes Rate 500bps To 27.00% Posted: 30 Aug 2011 01:38 AM PDT The National Bank of the Republic of Belarus will raise its refinancing rate by 500 basis points to 27.00% from 22.00% on the 1st of September, according to Belarusian news agency, NAVINY.BY.  The move is aimed at tackling Belarus’ high inflation levels, as the East European nation deals with its economic crisis.  The Belarusian central bank last raised the refinancing rate by 200bps to 22.00% on the 17th of August, when it noted: “Along with general economic measures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/GBP Slides To Daily Low Ahead Of U.K. Lending Report Posted: 30 Aug 2011 01:24 AM PDT Forexpros – The pound was down against the U.S. dollar on Tuesday, falling to a daily low ahead of the release of U.K. data on bank lending and mortgage approvals. GBP/USD hit 1.6348 during early European trade, the daily low; the pair subsequently consolidated at 1.6345, shedding 0.38%. Cable was likely to find support at 1.6257, the low of August 25 and resistance at 1.6453, Monday's high. The pound weakened amid concerns that weak data would reinforce the view that the Bank of England … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Slides To Daily Low As Risk Appetite Wanes Posted: 30 Aug 2011 01:12 AM PDT Forexpros – The U.S. dollar slipped to a daily low against the yen on Tuesday, as risk appetite waned with investors focusing on the release of minutes from the Federal Reserve's most recent policy-setting meeting later in the day. USD/JPY hit 76.66 during late Asian trade, the daily low; the pair subsequently consolidated at 76.72, slipping 0.13%. The pair was likely to find support at 76.29, the low of August 11 and resistance at 77.51, the high of August 26. Market sentiment weakened … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Rebound On Bargain-buying, Fed Minutes Awaited Posted: 30 Aug 2011 12:47 AM PDT Forexpros – Gold futures regained strength on Tuesday, as the previous day's sharp drop created buying opportunities for investors ahead of the release of minutes from the Federal Reserve's August policy-setting meeting. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,797.45 a troy ounce during late Asian trade, climbing 0.5%. It earlier rose as much as 0.7% to trade at a daily high of USD1,801.05 a troy ounce. On Monday, gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Erases Gains As Risk Appetite Ebbs Posted: 30 Aug 2011 12:45 AM PDT Forexpros – The Australian dollar erased gains against its U.S. counterpart on Tuesday, retreating from a three-week high as risk appetite faded amid fresh uncertainty over the outlook for global growth and after disappointing domestic data on building approvals. AUD/USD pulled back from 1.0684, the pair's highest since August 4 to hit 1.0650 during late Asian trade, slipping 0.05%. The pair was likely to find support at 1.0558, Monday's low and resistance at 1.0778, the high of August … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Near 3-week High After NZ Housing Data Posted: 30 Aug 2011 12:16 AM PDT Forexpros – The New Zealand advanced to a three week high against its U.S. counterpart on Tuesday, after official data showed that the number of building permits issued in New Zealand in July rose the most since April 2008. NZD/USD hit 0.8536 during late Asian trade, the pair's highest since August 4; the pair subsequently consolidated at 0.8501, gaining 0.46%. The pair was likely to find support at 0.8384, Monday's low and resistance at 0.8667, the high of August 4. Earlier in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sell The Rally, So Says The Credit Spreads Posted: 30 Aug 2011 12:04 AM PDT Jim Bianco sees similarities between the current environment and the summer of 2008, when the stock market was “attempting rallies” even while the credit market worsened. “Eventually, the stock market gave it up and corrected back to the credit markets,” he recalls. Source: Jim Bianco – Implies sell the rallies, avoid risk on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Broadly Higher; Nikkei Jumps 1.2% Posted: 29 Aug 2011 11:49 PM PDT Forexpros – Asian stock markets were broadly higher on Tuesday, as risk sentiment remained positive after a report showed that U.S. consumer spending rose the most since February last month, easing concerns over the global economic outlook. During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.1%, Australia's ASX/200 Index rose 0.4%, while Japan's Nikkei 225 Index climbed 1.2%. Official data released Monday showed that consumer spending in the U.S. rose at its fastest pace in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Dips Ahead Of Fed Meeting Minutes Posted: 29 Aug 2011 11:31 PM PDT Forexpros – The euro dipped against the U.S. dollar on Tuesday, but remained close to a two-month high, amid renewed uncertainty over the outlook for global growth ahead of the release of minutes from the most recent Federal Reserve policy-setting meeting. EUR/USD hit 1.4497 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4501, slipping 0.06%. The pair was likely to find support at 1.4330, last Friday's low and resistance at 1.4577, the high of July 4. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss UBS Consumption Indicator Declines In July Posted: 29 Aug 2011 11:26 PM PDT Forexpros – Switzerland’s UBS consumption indicator declined in July, falling to its lowest level since December 2009, data showed on Tuesday. In a report, Swiss bank UBS said its consumption indicator fell to 1.29 in July, down from 1.52 in June, whose figure was revised up from 1.48. The UBS consumption indicator is calculated from five sub-indicators: new car registrations, retail sales, overnight stays in hotels by Swiss citizens, the consumer sentiment index and credit card … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Testing 200 Hr Moving Average Posted: 29 Aug 2011 11:24 PM PDT The USD is softer across the board following the weaker dollar index. We currently have the  pair testing support at the 76.76 level where we find both the 200 hour moving average and the 23.6% retracement line on the move from the end of last week. If weaker USD continues to be the trend, the bearish target for the pair is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australia Building Approvals Rise Less-than-expected Posted: 29 Aug 2011 11:18 PM PDT Forexpros – The number of new building approvals issued in Australia rose less-than-expected in July, official data showed on Tuesday. In a report, the Australian Bureau of Statistics said new building approvals issued rose by a seasonally adjusted 1.0% in July, falling short of expectations for a 2.1% gain. The previous month's figure was revised to a decline of 3.6% from 3.5%. Year-on-year, the number of building approvals issued in Australia fell at an annualized rate of 15.0% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Priceline.com (PCLN) Posted: 29 Aug 2011 11:05 PM PDT Priceline.com (NASDAQ:PCLN) is one of the leading online travel companies in the world. Priceline’s second quarter earnings blew past the Zacks Consensus and management expects continued strength in bookings, with international growing much faster than domestic. The secular growth trend in the online travel space, Priceline’s own business momentum, international growth opportunities, good execution, prudent marketing strategy and strong financial position are likely to drive upside to the shares. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Darling International, Inc. Posted: 29 Aug 2011 11:05 PM PDT Darling International, Inc. (NYSE:DAR) has seen huge gains over the last year, more than doubling in price after recently hitting a new 52-week high on another solid earnings surprise. With estimates moving higher on the news, this Zacks #1 rank stock is a solid pick for momentum. Company Description Darling International Inc. provides rendering, recycling and recovery solutions for the food industry worldwide. The company was founded in 1993 and has a market cap of $1.89 billion. Although DAR has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: VistaPrint NV (VPRT) Posted: 29 Aug 2011 11:05 PM PDT While VistaPrint NV’s (NASDAQ:VPRT) earnings for the fourth quarter of fiscal 2011 were well ahead of the Zacks Consensus Estimate, we believe that the slow pace of the economic recovery coupled with huge investments in 2012 and 2013 to attract customers will restrict improvements in its top as well as bottom lines. The new set of initiatives also involves increased risks and lack of visibility toward return on investments at the current level. Moreover, growth in key operating matrices remains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: First Niagara Financial Group, Inc. Posted: 29 Aug 2011 11:05 PM PDT First Niagara Financial Group, Inc. (NASDAQ:FNFG) isn’t just another bank stock. It has bucked the trends plaguing the industry over the last few years through excellent credit quality and consistent loan growth. The company recently delivered better than expected second quarter results, prompting analysts to raise their estimates for both 2011 and 2012. It is a Zacks #2 Rank (Buy). Unlike most bank stocks, First Niagara held its dividend steady throughout the financial crisis and has raised it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Focus Media Holdings Posted: 29 Aug 2011 11:05 PM PDT Focus Media (NASDAQ:FMCN) is a Zacks #1 Rank (Strong Buy) after analysts raised estimates on a recent earnings surprise. Investors are buying in as analysts continue to raise forecasts. Company Description Focus Media is a targeted interactive digital media company in China. The company has over 200,000 LCD displays across the country. Revenue Jumps 48% On Aug 22 Focus Media said its second quarter revenue came in at $166 million, which is 48% higher than the same period a year ago. The company is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 29 Aug 2011 10:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.4528, up 0.12% at time of writing. The pair was likely to find support at 1.4328, Thursday's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8852 and EUR/JPY rising 0.09% 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: 29 Aug 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6405, down 0.02% at time of writing. The pair was likely to find support at 1.6209, Friday's low, and resistance at 1.6454, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8852 and GBP/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aussie Building Approvals Rise In July, But Weaker Than Expected Posted: 29 Aug 2011 09:47 PM PDT The Australian construction/housing sector finally managed to climb out of its slump as building approvals rose 1% in July snapping a three month streak in which approvals have declined. June for instance saw a 3.6% decline, and in May approvals fell 6.3%. Despite the positive gain, the headline reading, as well as the annual change in approvals came in weaker than the consensus forecast of 2.0%. The report therefore shows us that there is not much strength in the housing and construction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Double Take Posted: 29 Aug 2011 06:29 PM PDT Here’s one take on today’s data: “Consumers Ramp Up Spending” (Wall Street Journal) Consumer spending posted strong gains in July despite weak income growth, the latest sign the economy gained some momentum at the start of the third quarter before the stock market began its recent gyrations. Consumption rose 0.8% during the month, following a slight contraction in June, the Commerce Department said Monday. Adjusted for inflation, spending rose a healthy 0.5%—the strongest gain since December … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For August 30, 2011 Posted: 29 Aug 2011 11:07 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract rose during the Monday session as traders bought into risk-related assets around the world. The oil market has made several hammers recently on the daily chart, and as such it appears that we may be trying to make some kind of bottom in this contract. The breaking of $90 would not only get us bullish, but very much so. A break below $80 is required to think of selling, and until then – we buy any and all dips. Brent The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For August 30, 2011 Posted: 29 Aug 2011 11:06 AM PDT By CommoditiesMansion.com   The natural gas markets fell on Monday, and have finally broken through our lower levels and formed a new low. Because of this, we are selling this contract yet again, and expect a move down at this point. We have been waiting for this to happen, and certainly welcome this downward motion. The recent consolidation was $1 in height, and as such – technical analysis says that the breakout should be a move for just as long. We are currently thinking that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For August 30, 2011 Posted: 29 Aug 2011 11:05 AM PDT By CommoditiesMansion.com   The gold markets fell on Monday as the trading public contemplates the recent surge in this market. The $1,800 area seems to be supportive, and certainly the $1,700 area is. Because of this, we still like buying gold, but only on pullbacks. In the present scenario, we feel that perhaps a small long position could be established at the current levels, knowing the there is about $100 below here that should serve as support. If we go up on Tuesday, then we will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For August 30, 2011 Posted: 29 Aug 2011 02:15 AM PDT By CommoditiesMansion.com Natural gas prices fell on Monday after hurricane Irene resulted in power cuts for millions, reducing demand for power-plant fuel, and accordingly, pushing natural gas prices lower. Moreover, hurricane Irene led to milder weather conditions in the East of the United States, which also weighed down on natural gas on expectations of lower demand for power-plant fuel. Traders will continue to examine the effects of Hurricane Irene and its potential impact on demand for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For August 30, 2011 Posted: 29 Aug 2011 02:12 AM PDT By CommoditiesMansion.com Crude oil prices rose on Monday amid the U.S. dollar's weakness, in addition to hurricane Irene, which so far hasn't caused any serious damage across the U.S. East Coast. Moreover, traders were still feeling optimistic after Bernanke's speech last week, where Bernanke signaled the Fed has the tools to support the economy if needed, which boosted speculations the Fed could embark on Qe3 as soon as their September meeting and that supported demand for higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For August 30, 2011 Posted: 29 Aug 2011 02:11 AM PDT By CommoditiesMansion.com Gold prices fell back on Monday, as rising demand for higher yielding assets weighed down on gold prices, where traders were feeling optimistic over the outlook for economic growth in the United States after the United States reported personal income and spending rose above estimates, which boosted demand for risky assets, and accordingly, pressured gold prices to drop. Traders will be focused on the FOMC minutes on Tuesday, as after Bernanke's speech last week, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Not Too Late To Buy The Long Bond Posted: 29 Aug 2011 12:13 AM PDT Have you seen the plastic smiles on some people? Their lips are smiling but the body language from the rest of the face say something else – the smile isn’t genuine. That’s what seems to be happening with the equity market right now. Here is the plastic smile in the form of the VIX and short-term sentiment indicators. The VIX Index spiked to over 40 – which is a sign of panic in the markets. In the past, such levels have marked intermediate term turning points for stocks. In addition, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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