Thursday, October 6, 2011

DailyMarkets.com - Forex – Dollar Steady Vs. Rivals Ahead Of ECB Meeting

DailyMarkets.com - Forex – Dollar Steady Vs. Rivals Ahead Of ECB Meeting


Forex – Dollar Steady Vs. Rivals Ahead Of ECB Meeting

Posted: 06 Oct 2011 03:19 AM PDT

Forexpros – The U.S. dollar was steady against its major counterparts on Thursday, while the euro remained supported ahead of a critical policy-setting meeting by the European Central Bank.

During European morning trade, the greenback was almost unchanged against the euro, with EUR/USD inching up 0.06% to hit 1.3357.

Official data showed that German factory orders fell unexpectedly in August, down for the second straight month, adding to concerns that the financial crisis in the euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


German Factory Orders Drop Unexpectedly In August

Posted: 06 Oct 2011 03:07 AM PDT

Forexpros – German factory orders dropped unexpectedly for the second consecutive month in August, official data showed on Thursday.

In a report, Deutsche Bundesbank said factory orders dropped by a seasonally adjusted 1.4% in August, confounding expectations for a 0.1% increase.

July's figure was revised to a 2.6% drop from a previously reported 2.8% decline.

Year-over-year, German factory orders rose at an annualized rate of 3.9% in August, after climbing at a rate of 8.9% in July. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Rise As Financials Extend Gains; DAX Up 2.14%

Posted: 06 Oct 2011 02:53 AM PDT

Forexpros – European stock markets rose on Thursday, as shares in the financial sector were boosted by hopes for a more coordinated response to the euro zone debt crisis, ahead of a key European Central Bank policy meeting later in the day.

During European morning trade, the EURO STOXX 50 jumped 1.98%, France's CAC 40 rallied 2.00%, while Germany's DAX 30 climbed 2.14%.

Risk sentiment strengthened after European leaders acknowledged that further initiatives were necessary to support the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Up For Third Day, Trade Above USD80 A Barrel

Posted: 06 Oct 2011 02:24 AM PDT

Forexpros – Crude oil futures were up sharply for the third day on Thursday, jumping to a four-day high after official data showed a large drop in U.S. oil supplies last week, while investors awaited the outcome of the European Central Bank’s policy meeting later in the day.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD80.73 a barrel during European morning trade, jumping 1.32%.

It earlier rose by as much as 1.8% to trade at USD81.14 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Edges Higher As BoE Policy Meeting Eyed

Posted: 06 Oct 2011 02:07 AM PDT

Forexpros – The pound edged higher against the U.S. dollar on Thursday, as investors awaited the outcome of a critical policy-setting meeting by the Bank of England, which could see the bank re-launch monetary easing measures.

GBP/USD hit 1.5500 during early European trade, the pair's highest since Monday; the pair subsequently consolidated at 1.5486, gaining 0.16%.

Cable was likely to find support at 1.5339, Tuesday's low and an almost eight-and-a-half-month low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures Hit 2-day High Ahead Of ECB Decision

Posted: 06 Oct 2011 01:50 AM PDT

Forexpros – Gold futures rose to a two-day high on Thursday, amid ongoing uncertainty over the euro zone's sovereign debt crisis, while investors awaited the outcome of the European Central Bank’s policy meeting later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,651.45 a troy ounce during late Asian trade, climbing 0.6%.

It earlier rose by as much as 0.85% to trade at USD1,655.95 a troy ounce, the highest price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down But Rangebound Ahead Of ECB Meeting

Posted: 06 Oct 2011 01:34 AM PDT

Forexpros – The U.S. dollar was down against the yen on Thursday, but the pair remained rangebound amid uncertainty over the outcome of the European Central Bank's policy setting meeting later in the day.

USD/JPY hit 76.65 during late Asian trade, the daily low; the pair subsequently consolidated at 76.67, slipping 0.16%.

The pair was likely to find support at 76.10, the low of September 22 and resistance at 77.07, Wednesday's high.

The ECB was widely expected to leave rates unchanged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Halifax U.K. HPI Drops Unexpectedly In September

Posted: 06 Oct 2011 01:31 AM PDT

Forexpros – House prices in the U.K. unexpectedly declined in September for the second consecutive month, industry data showed on Thursday.

In a report, the Halifax Bank of Scotland said its House Price Index dropped by 0.5% in September, after falling by 1.1% in August, whose figure was revised from a 1.2% decline.

Economists expected the index to rise by 0.3% in September.

The report showed that U.K. house prices fell at an annualized rate of 2.3% in September, while prices in the three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Hits 4-day High On Stronger Market Sentiment

Posted: 06 Oct 2011 01:22 AM PDT

Forexpros – The New Zealand dollar rose to a four-day high against its U.S. counterpart on Thursday, as risk appetite recovered ahead of the outcome of a critical policy-setting meeting by the European Central Bank later in the day.

NZD/USD hit 0.7690 during late Asian trade, the pair’s highest since September 30; the pair subsequently consolidated at 0.7722, climbing 0.74%.

The pair was likely to find support at 0.7552, the low of October 5 and resistance at 0.7826, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Swing Trade Idea, Stocks To Watch If Oct 2011 Payroll Is Bullish

Posted: 06 Oct 2011 01:10 AM PDT

If it is a bullish payroll day (2011-Oct-06), we have selected very bullish stocks that are on a small pullback. Great for daytraders or short term holders to make bank.

These stocks where found via readtheticker.com members Swing scanner

Settings Used on 2011-Oct-05 data

Stock List Selected: All Stocks in Database
CurrLagLong : Above 98
MthEMA 20: Like OV
RTTTrendPwer: Above -5

Stocks selected from the search list with good price and volume trends on a small pull back. Yes, their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Higher As Risk Appetite Recovers

Posted: 06 Oct 2011 12:54 AM PDT

Forexpros – The Australian dollar was higher against its U.S. counterpart on Thursday, as risk appetite was boosted after upbeat U.S. employment data while investors eyed the outcome of the European Central Bank’s policy meeting later in the day.

AUD/USD hit 0.9685 during late Asian trade, the pair’s highest since October 3; the pair subsequently consolidated at 0.9697, rising 0.39%.

The pair was likely to find 0.9524, the low of October 3 and resistance at 0.9806, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Broadly Higher On EU Hopes; Nikkei Gains 1.7%

Posted: 06 Oct 2011 12:53 AM PDT

Forexpros – Asian stock markets rose sharply on Thursday, inspired by strong overnight gains on Wall Street and amid continued hope that euro zone policy makers will take action to stem the region's debt crisis from spreading to the banking system.

During late Asian trade, Australia's ASX/200 Index rallied 3.65%, Japan's Nikkei 225 Index jumped 1.7%, while Hong Kong’s Hang Seng Index soared 5.4% after being closed Wednesday.

U.S. equities rose sharply on Wednesday, with the Dow Jones … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Slips As ECB Policy Meeting In Focus

Posted: 06 Oct 2011 12:35 AM PDT

Forexpros – The euro was slightly lower against the U.S. dollar on Thursday, as investors eyed the outcome of the European Central Bank's policy setting meeting later in the day.

EUR/USD hit 1.3312 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3329, sliding 0.14%.

The pair was likely to find support at 1.3144, Tuesday's low and an eight-and-a-half month low and resistance at 1.3600, the high of September 30.

The ECB was widely expected to leave rates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Swiss CPI Rises More-than-expected In September

Posted: 06 Oct 2011 12:21 AM PDT

Forexpros – Consumer price inflation in Switzerland rose more-than-expected in September, official data showed on Thursday.

In a report, the Swiss Federal Statistics Office said consumer price inflation rose by 0.3% in September, after dropping by 0.3% in August.

Year-over-year, Swiss consumer prices rose at an annualized 0.5% in September, after increasing at a rate of 0.2% in August. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.3% in September.

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


Healthy Correction In Precious Metals Brings Opportunity

Posted: 05 Oct 2011 11:22 PM PDT

Over the past few weeks I have alerted  subscribers that gold was due a healthy pullback.  On September 5th, 2011 I wrote,
"It's been a long run for the bullion since my firm's late January 2011 buy signal. Make no mistake, it will rise though, refreshed to make another run to higher highs. A brief retreat for gold bullion to long-term trend support would be of no surprise. Indeed, it may represent a healthy and necessary correction in what my firm views as the ongoing highway … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Match Up, Sell Off May 2010 Vs Sell Off Aug 2011

Posted: 05 Oct 2011 11:07 PM PDT

May 2010 saw the stock market fall 15%, August 2011 (so far) also has seen a 15% sell off. Is it the same or is it different. Investors get ready it could hurt!

May 2010 sell off 15%
- Greece woes was blamed
- Flash Crash was also blamed

Aug 2011 sell off 15% or so
- Europe woes
- China slow down fears
- USA recession fears

Is it different this time? If you review the count of new 52 week lows on each price plunge down, then you must say that IT IS different this time. There is more fear … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Banco De Chile

Posted: 05 Oct 2011 11:05 PM PDT

 
BANCO DE CHILE (BCH): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: Discover Financial Services (DFS)

Posted: 05 Oct 2011 11:05 PM PDT

Discover Financial Services (NYSE:DFS) third-quarter earnings came in substantially ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes, loan loss reserve release growth and record-low delinquency and charge-off rates. Higher consumer spending and merchant acceptance also contributed to the substantial expansion of income across direct banking and payment services segments.
While the SLC acquisition enhanced its already … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: Liquidity Services, Inc.

Posted: 05 Oct 2011 11:05 PM PDT

 
LIQUIDITY SVCS (LQDT): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: TransAct Technologies Inc

Posted: 05 Oct 2011 11:05 PM PDT

 
TRANSACT TECH (TACT): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 05 Oct 2011 10:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3332, down 0.13% at time of writing.

The pair was likely to find support at 1.3147, Tuesday's low, and resistance at 1.3384, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8656 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 05 Oct 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.5417, down 0.29% at time of writing.

The pair was likely to find support at 1.5341, Tuesday's low, and resistance at 1.5584, Monday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8648 and GBP/JPY falling 0.34% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


George Will On Elizabeth Warren’s Collectivism

Posted: 05 Oct 2011 08:28 PM PDT

George Will below responds to Elizabeth Warren’s recent claims that (modified slightly):

“There is nobody in this country who got rich on his own. Nobody. If Steve Jobs or Bill Gates created a new company like Apple or Microsoft out there — good for you guys.

But I want to be clear. You moved your iPods, iPhones, and Windows software products to market on the roads the rest of us paid for. You hired workers for Apple and Microsoft that the rest of us paid to educate. You were safe in your … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Edges Higher In Mid-day Asian Trade

Posted: 05 Oct 2011 08:11 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved higher against its major counterparts in Asian trade Thursday, boosted by better than expected labor results and reports suggesting progress on European debt.

In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.17% to hit 1.3326.

Earlier Wednesday, the Financial Times reported that European bank regulators will conduct a new round of evaluations on regional banks, in an attempt to avert a shock to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Steve Jobs: American Manufacturing Icon At One Of The Most Successful Manufacturing Firms In History

Posted: 05 Oct 2011 07:56 PM PDT

From Holman Jenkins, in the WSJ, “The Amazing Steve Jobs Story: He ranks in the industrial pantheon along with Edison and Ford”:

“What comes to mind now is a forgotten PBS show in the 1980s that tried to explain what was then known as the “quality revolution” in business. Interviewed was some wise old MIT professor who said, if memory serves, “Quality is love.” Mr. Jobs’s determination to make superb products was, one likes to think, an expression of love for the world, life and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Variable Parking Rates

Posted: 05 Oct 2011 07:40 PM PDT

SAN FRANCISCO — “Local motorists had better keep a close eye on where they park. Hourly meter rates in San Francisco will soon range from $1.25 to $4 depending on the neighborhood and time of day.

The new meter prices will go into effect later this month and are part of the San Francisco Municipal Transportation Agency's SFpark program, which aims to reduce traffic congestion by raising or lowering hourly parking meter rates based on demand.”

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


Forex Trading: Usdcnh 4hr Chart New Resistance

Posted: 05 Oct 2011 07:38 PM PDT

After breaking through the bottom of the wedge it becomes a new resistance for the usd/cnh, it tests that level and bounces … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/cnh Fills The Gap

Posted: 05 Oct 2011 07:38 PM PDT

The usd/cnh fills the gap up to 6.55750 and is hanging around … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 05 Oct 2011 07:37 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Thursday, as gains on Wall Street and encouraging U.S. labor data drew dealers away from the safe-haven greenback.

In mid-day Asian trade USD/JPY hit 76.70, the pair's lowest since Tuesday; the pair subsequently consolidated at 76.74, slipping 0.07%.

The pair was likely to find support at 76.10, the low of September 22, and resistance at 77.25, Monday's high.

Earlier Wednesday, payroll … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asian Stocks Rise In Early Trade; Nikkei Adds 1.7%

Posted: 05 Oct 2011 07:07 PM PDT

Forexpros –
Forexpros – Asian stocks moved higher in Thursday trade, lifted by the overnight rise on Wall Street and prospects for progress on addressing Europe's sovereign debt crisis.

During early Asian trade, Japan's Nikkei Index rose 1.73% to 8,531.69, while Australia's S&P/ASX 200 climbed 2.76% to 4,035.20.
The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, gained 1.65% to trade at 738.21.
Hong Kong's Hang Seng Index advanced 4.3% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Breaking Through Support

Posted: 05 Oct 2011 06:39 PM PDT

The usd/hkd is trading below a daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Declines In Early Asian Trade

Posted: 05 Oct 2011 06:31 PM PDT

Forexpros –
Forexpros – The Australian dollar moved lower against the U.S. dollar Thursday, following overnight gains on Wall Street and signs of an improving U.S. labor market.

AUD/USD hit 0.9631 in early Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 0.9635, falling 0.27%.

The pair was likely to find support at 0.9390, Tuesday's low, and resistance at 0.9810, last Friday's high.

Earlier Wednesday, U.S. Institute of Supply Management reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Philippine Mining And Oil Sector To Turn Higher?

Posted: 05 Oct 2011 06:11 PM PDT

While the outlook of the Philippine Composite Index seems somewhat bleak (please see my post on the PCOMP here), the Philippine Mining & Oil sector or PMINI appears to be the only one that could turn north.
The PMINI had been the lone star for the Philippine stock index when it reached a high of 26,000 last August from just around 12,000 to  start the year. However since marking the said high, the sector plunged sharply and is now trading just below 20,000. This slide, in my opinion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Steve Jobs’ 2005 Stanford Commencement Address

Posted: 05 Oct 2011 05:58 PM PDT

Final words: “Stay hungry, stay foolish.  I’ve always wished that for myself. And now as you graduate to begin anew, I wish that for you: Stay hungry, stay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Advances In Early Asian Trade

Posted: 05 Oct 2011 05:56 PM PDT

Forexpros –
Forexpros – Crude oil futures moved higher in Asian trade Thursday, after reports showing an unexpected decline in U.S. stockpiles, along with upbeat labor data representing a potential spike in demand from the world's largest energy consumer.

On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD78.06 a barrel during early Asian trade, adding 0.49%, after hitting a daily low of USD75.67.

In its weekly report, the U.S. Energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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