DailyMarkets.com - Behold, The Circle Of Government Life

Behold, The Circle Of Government Life
Taxing The Rich, The Obama Way
U.S. Dependence On Foreign Oil Lowest Since 1996
Forex – EUR/USD Weekly Outlook: September 19-23
Natural Gas Futures – Weekly Review: September 12-16
Forex – GBP/USD Weekly Outlook: September 19-23
Forex – NZD/USD Weekly Outlook: September 19-23
Forex – AUD/USD Weekly Outlook: September 19-23
Philex Mining Corporation (PX) To Regain Its Luster
Forex – USD/CAD Weekly Outlook: September 19-23
Crude Oil Futures – Weekly Review: September 12-16
Forex – USD/JPY Weekly Outlook: September 19-23
Gold Futures – Weekly Review: September 12-16
Forex – USD/CHF Weekly Outlook: September 19-23
Forex – Weekly Outlook: September 19-23
Racial Discrimination At UW-Madison Gets Minority Students Admitted, But Almost 50% Don’t Graduate
Swing Trade Idea, Oil
What’s Wrong With Peak Oil? It Ignores Economics
Chart Of The Day: You Buy Two Detroit Homes For About The Same As The Average-Priced New Car
Popularity Of Telemedicine Grows In Michigan, U.S.
Forex – Weekly Outlook: September 19-23
The Trend Trader For Stock Trading On Monday, September 19, 2011
The Trend Trader For Forex Trading On Monday, September 19, 2011
The Trend Trader For Futures Trading On Monday, September 19, 2011
The Trend Trader For ETF Trading On Monday, September 19, 2011

Posted: 18 Sep 2011 08:38 AM PDT

Investor’s Business Daily — “Ex-employees of the failed solar panel company Solyndra have applied for aid under the federal government's Trade Adjustment Assistance program, the Labor Department has confirmed. If approved, the employees of what was once touted as a leading exemplar of the White House's green jobs program will be eligible for more federal funds to enable them to be retrained for other jobs.

It would be an ironic coda to the saga of Solyndra, which manufactured solar panels … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taxing The Rich, The Obama Way

Posted: 18 Sep 2011 08:18 AM PDT

Warren Buffett is a tough negotiator, which is one reason why he's the second-wealthiest person in America.
So when the President refers to his new initiative to raise taxes on millionaires as the "Buffett rule" we might expect he'd start the bargaining from a tough position.
But this is Barack Obama, whose idea of negotiating is to give away half the house before he's even asked the other side for the bathroom sink.
Apparently Obama will propose that people earning more than $1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dependence On Foreign Oil Lowest Since 1996

Posted: 18 Sep 2011 07:51 AM PDT

From Daniel Yergin’s WSJ article “There Will Be Oil”:

“In 2003, the Bakken formation in North Dakota was producing a mere 10,000 barrels a day. Today, it is over 400,000 barrels, and North Dakota has become the fourth-largest oil-producing state in the country. Such “tight” oil could add as much as two million barrels a day to U.S. oil production after 2020—something that would not have been in any forecast five years ago.

Overall U.S. oil production has increased more than 10% since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Weekly Outlook: September 19-23

Posted: 18 Sep 2011 07:50 AM PDT

Forexpros – The U.S. dollar was higher against the euro on Friday, trimming the week's losses as the single currency came under pressure after a meeting of European Union finance ministers failed to make headway on resolving the region's debt crisis.

EUR/USD hit 1.3936 on Thursday, the pair's highest since September 9; the pair subsequently consolidated at 1.3792 by close of trade on Friday, rising 1.5% over the week.

The pair is likely to find support at 1.3493, Monday's low and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures – Weekly Review: September 12-16

Posted: 18 Sep 2011 07:48 AM PDT

Forexpros – Natural gas futures fell to three-week low on Friday, extending steep losses from the previous day as mild weather forecasts for the eastern U.S. states was expected to limit demand, while rising production levels in the U.S. also weighed.

On the New York Mercantile Exchange, natural gas futures for delivery in October settled at USD3.825 per million British thermal units by close of trade on Friday, slumping 1.9% over the week.

The October contract tumbled nearly 5.5% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Weekly Outlook: September 19-23

Posted: 18 Sep 2011 07:32 AM PDT

Forexpros – The pound ended the week lower against the U.S. dollar on Friday, trading within striking distance of an eight-month low amid speculation that the Bank of England may introduce fresh stimulus measures to shore up growth.

GBP/USD hit 1.5705 on Tuesday, the pair's lowest since January 12; the pair subsequently consolidated at 1.5789 by close of trade on Friday, shedding 0.27% over the week.

Cable is likely to find support at 1.5707, Tuesday's low and an eight-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Weekly Outlook: September 19-23

Posted: 18 Sep 2011 07:17 AM PDT

Forexpros – Last week saw the New Zealand dollar trade close to a five-week low against its U.S. counterpart mid-week, before rebounding to end the week higher after the European Central Bank announced measures to boost dollar liquidity.

NZD/USD hit 0.8119 on Thursday, the lowest since September 12; the pair subsequently consolidated at 0.8287 by close of trade on Friday, climbing 0.95% over the week.

The pair was likely to find short-term support at 0.8119, Thursday's low and resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Weekly Outlook: September 19-23

Posted: 18 Sep 2011 06:23 AM PDT

Forexpros – Last week saw the Australian dollar drop to a five-week low against its U.S. counterpart mid-week, before trimming a weekly loss as the greenback came under pressure after the European Central Bank announced measures to boost dollar liquidity.

AUD/USD hit 1.0177 on Wednesday, the lowest since August 11; the pair subsequently consolidated at 1.0357 by close of trade on Friday, shedding 0.69% on the week, the second consecutive weekly decline.

The pair was likely to find support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philex Mining Corporation (PX) To Regain Its Luster

Posted: 18 Sep 2011 06:16 AM PDT

Philex Mining Corporation (PX) has been having some rough days for the past couple of weeks as it saw its stock dip from a high of Php 28.95 to a recent low of Php 24.00. The question now is, will PX be able to regain its luster?
From technical point of view, I'd say that the odds of it moving back to the bullish track is pretty good. Just when it found some support at Php 24.00, PX closed that trading day on a bullish hammer pattern. Moreover, the selling that it was seeing for the last two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Weekly Outlook: September 19-23

Posted: 18 Sep 2011 05:37 AM PDT

Forexpros – The U.S. dollar fell sharply against its Canadian counterpart on Friday, dropping to a two-week low after official data showed that purchases of Canadian securities by foreign investors rose to a record-high in July, enhancing the appeal of the loonie.

USD/CAD hit 0.9777 on Friday, the lowest since September 2; the pair subsequently consolidated at 0.9779 by close of trade on Friday, tumbling 1.94% on the week.

The pair is likely to find support at 0.9725, the low of August 31 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures – Weekly Review: September 12-16

Posted: 18 Sep 2011 04:14 AM PDT

Forexpros – Crude oil futures fell sharply on Friday, trimming a weekly gain as growing fears over the euro zone's sovereign debt crisis coupled with a broadly stronger U.S. dollar dragged down prices.

On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD87.90 a barrel by close of trade on Friday, gaining 1.41% over the week.

Crude prices fell 1.6% to hit a four-day low of USD86.99 a barrel on Friday as concerns over the euro zone's debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Weekly Outlook: September 19-23

Posted: 18 Sep 2011 03:21 AM PDT

Forexpros – The U.S. dollar ended the week lower against the yen on Friday, as concerns over the ongoing debt crisis in the euro zone and the outlook for U.S. growth boosted demand for the safe haven yen.

USD/JPY hit 76.55 on Thursday, the pair's lowest since September 2; the pair subsequently consolidated at 76.77 by close of trade on Friday, shedding 0.83% over the week.

The pair is likely to find short-term support at 76.41, the low of August 31 and resistance at 77.58, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures – Weekly Review: September 12-16

Posted: 18 Sep 2011 03:04 AM PDT

Forexpros – Gold futures rebounded from a three-week low on Friday, paring a weekly loss as the previous day's sharp drop created buying opportunities for investors, while ongoing fears over the euro zone's sovereign debt crisis continued to support prices.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery settled at USD1,811.65 a troy ounce by close of trade on Friday, retreating 2.58% over the week, the second consecutive weekly decline.

Gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Weekly Outlook: September 19-23

Posted: 18 Sep 2011 02:42 AM PDT

Forexpros – The U.S. dollar was higher against the Swiss franc on Friday, paring the week's losses as demand for the greenback was bolstered amid ongoing concerns over the debt crisis in the euro zone.

USD/CHF hit 0.8646 on Thursday, the pair's lowest since September 8; the pair subsequently consolidated at 0.8754 by close of trade on Friday, shedding 1.36% over the week.

The pair is likely to find support at 0.8569, the low of September 8 and resistance at 0.8927, Monday's high and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Weekly Outlook: September 19-23

Posted: 18 Sep 2011 01:35 AM PDT

EU ministers failed to reach an agreement over a controversial demand by Finland that Greece provide collateral in exchange for further bailout funds.

The meeting was also attended by U.S. Treasury Secretary Timothy Geithner, who urged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Racial Discrimination At UW-Madison Gets Minority Students Admitted, But Almost 50% Don’t Graduate

Posted: 17 Sep 2011 08:48 PM PDT

From Linda Chavez, Chairwoman and founder of the Center for Equal Opportunity:

“The campus at the University of Wisconsin-Madison erupted this week after the release of two studies documenting the heavy use of race in deciding which students to admit to the undergraduate and law schools. The evidence of discrimination is undeniable, and the reaction by critics was undeniably dishonest and thuggish.

The Center for Equal Opportunity (CEO), which I founded in 1995 to expose and challenge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swing Trade Idea, Oil

Posted: 17 Sep 2011 07:31 PM PDT

We have just completed our new swing trade scanner, and this is a swing trade that we will be watching this week.

Become a member and find swing trades on over 1000 stock and Etf symbols each … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What’s Wrong With Peak Oil? It Ignores Economics

Posted: 17 Sep 2011 07:04 PM PDT

Daniel Yergin explains in today’s WSJ why “peak oil” is “peak idiocy” (thank to Mike Munger for that one) – its originator completely ignored the important role economics, market forces, prices and technological change:

“The [peak oil] idea owes its inspiration, and indeed its articulation, to a geologist who, though long since passed from the scene, continues to shape the debate, M. King Hubbert. Indeed, his name is inextricably linked to that perspective—immortalized in “Hubbert’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: You Buy Two Detroit Homes For About The Same As The Average-Priced New Car

Posted: 17 Sep 2011 05:41 PM PDT

For the last four years since 2008, the average price of a new home in Detroit has been below the national average price of a new car (see chart). For 2011, the average price in Detroit for homes sold year-to-date through July is $14,998, compared to the $29,602 average price of a new car. In other words, you could buy two houses in Detroit for about the same price as a new car. Maybe a middle-income household in Detroit could be a two-home, two-car family? … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Posted: 17 Sep 2011 04:49 PM PDT

Instant online access to docs at Michigan Rite-Aid stores:

Detroit News — “Michiganians who have an urgent medical question, lack insurance or just want access to a doctor and prescription after hours can increasingly reach for their phones or computers for an instant chat or webcam conversation with a physician or nurse. Telemedicine and telehealth — the practice of medicine using electronic communication between a physician in one location and a patient in another — is growing in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Weekly Outlook: September 19-23

Posted: 17 Sep 2011 03:01 PM PDT

Forexpros – Last Friday saw the euro fall against the U.S. dollar, paring the week's gains after a meeting of European Union finance ministers failed to make any substantial progress on dealing with the escalating debt crisis in the single currency bloc.
EU ministers failed to reach an agreement over a controversial demand by Finland that Greece provide collateral in exchange for further bailout funds.
The meeting was also attended by U.S. Treasury Secretary Timothy Geithner, who urged euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards