Friday, October 14, 2011

DailyMarkets.com - Hedge Fund Leverage In The Industry – How Its Grown

DailyMarkets.com - Hedge Fund Leverage In The Industry – How Its Grown


Hedge Fund Leverage In The Industry – How Its Grown

Posted: 14 Oct 2011 04:32 PM PDT

SmartStops comment:   Who watches out for the little guy?
A chart from MIT's Andrew Lo of the growth of assets and hedge fund leverage over the last 20 years. You can see the expanding leverage in the 2001-2005 period.  originally posted at Infectious Greed blog.

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


Made In China

Posted: 14 Oct 2011 04:19 PM PDT

At the moment the risk on trade is back on (Aussie and Kiwi currencies are up), but it is only matter of a short while before the con of China is exposed. Nothing wrong with Chinese people, lovely folks. We think their engineering department is soon to be in trouble with the law (of physics).

More here:
China bears speaking up
Short the Aussie and Kiwi dollar

Stuff China make either sinks or falls out of the sky.

A jet fighter crashes..

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


Belarus Central Bank Lifts Rate 500bps To 35.00%

Posted: 14 Oct 2011 03:39 PM PDT

The National Bank of the Republic of Belarus raised its refinancing rate by 500 basis points to 35.00% from 30.00%.  The Bank said [translated]: “The move is next step in the consistent implementation of the general economic policy of the National Bank and the Government aimed at macroeconomic stabilization, reducing the pressure on the Belarusian ruble exchange rate and reducing inflation.  The National Bank jointly with the Government of the Republic of Belarus will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Market Closes Above Resistance

Posted: 14 Oct 2011 03:32 PM PDT

Cusick’s Corner
Global! The market was able to finish above resistance, 1220 on the S&Ps, and psychologically (that is a big word for me on a Friday) this aids the cause for the bulls next week. See you Monday.
Stock market averages moved higher with help from economic data and earnings news Friday. Google (NASDAQ:GOOG) grabbed the spotlight after the closing bell Thursday when the Internet search giant posted stronger-than-expected third quarter earnings. The stock added $32.69 to $591.68 on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Suntech Solar Panels Milestone

Posted: 14 Oct 2011 03:25 PM PDT

Chinese solar panel producer Suntech Power Holdings Company Ltd. (NYSE:STP) continues on its journey to generate greener power by trapping solar energy for the benefit of its customers and partners. In the process, Suntech has reached the milestone of manufacturing five gigawatts ("GW") of solar panels since its inception in 2001.
The five GW of installed solar panels will lower the emission of 3.78 million tons of green house gas in the environment per year, which is equivalent to planting 9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bearish On Universal Technical

Posted: 14 Oct 2011 03:00 PM PDT

We recently downgraded our recommendation on Universal Technical Institute, Inc. (NYSE:UTI) to Underperform with a price target of $13.00. Earlier, we had a Neutral view on the stock.
What Triggers the Move?
We are currently bearish on Universal Technical, the provider of postsecondary technical education. The for-profit education institute is witnessing a fall in average undergraduate full-time student enrollment, although it did report better-than-expected third-quarter 2011 results.
The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Five Symbols With Good Bullish Setups To Trade Next Week

Posted: 14 Oct 2011 02:59 PM PDT

 ( click to enlarge )

Shares of Novatel Wireless, Inc. (NASDAQ:NVTL) traded nicely on Friday and I'm looking for continuation of the upward direction next week. The stock surged 8% or 26 cents to $3.44 per share after a report on Seeking Alpha, from analyst Rougemont identifing the company as a possible takeover candidate. Rougemont says “This stock looks cheap in terms of book value, which is $5.03. Also, the company has about $58 million in cash on the balance sheet with no debt. That is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Halliburton

Posted: 14 Oct 2011 02:55 PM PDT

Major oilfield services provider Halliburton Co. (NYSE:HAL) is scheduled to report its third quarter 2011 results on October 17, 2011 before the start of trading.
The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 92 cents per share, on revenue of $6,352 million.
Second Quarter Recap
Halliburton's second-quarter 2011 results came in better than expected, aided by the strength and sustainability of the all-important North American onshore activity levels (to which the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Kirkland’s To Underperform

Posted: 14 Oct 2011 02:40 PM PDT

We have currently downgraded our long-term recommendation on Kirkland's Inc. (NASDAQ:KIRK) to Underperform from Neutral following the company's second-quarter 2011 results, which posted a loss of 2 cents per share compared with earnings of 16 cents in the prior-year period.
Kirkland's also missed the Zacks Consensus Estimate earnings of 2 cents per share as cost of sales surged coupled with increased operating expenses.
The company, however, anticipates total sales and margins to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TCF Financial To Buy Gateway One

Posted: 14 Oct 2011 02:35 PM PDT

Yesterday, TCF National Bank, a wholly-owned subsidiary of Minnesota-based TCF Financial Corporation (NYSE:TCB) announced its plan to acquire Gateway One Lending & Finance, LLC. TCF signed a definitive agreement for the acquisition, which is anticipated to be completed by the end of 2011, subject to customary closing conditions.
California-based Gateway One is a private lending company in the indirect auto finance market. The company is working with more than 3,100 active dealer relationships … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rent-A-Center Adds Another Store

Posted: 14 Oct 2011 02:35 PM PDT

Rent-A-Center Inc. (NASDAQ:RCII) in its effort to expand operational roots, is all set to serve the residents of Vacaville, California by opening new store and providing them additional avenue to own luxury furnishings, electrical devices, electronics and computers.
The new 5,100-square-foot showroom in Vacaville will offer brands like HP, Ashley, Sony, Serta and Whirlpool. Rent-A-Center operates through 143 locations in California.
The residents of these places will get the benefit of acquiring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FEMSA Stays Neutral

Posted: 14 Oct 2011 02:35 PM PDT

We have maintained our long-term Neutral recommendation on Fomento Economico Mexicano S.A. (NYSE:FMX) with a target price of $72.00 per share. Headquartered in Mexico, the company has 31 bottling plants across 10 countries in Latin America, including Mexico, Brazil, Argentina, Colombia and Venezuela, and exports its products to the U.S., Canada, Europe, and Asia.
FEMSA is the largest Coca-Cola bottler in Latin America holding a 20% stake in Heineken, the third largest global brewer. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Abbott Labs

Posted: 14 Oct 2011 02:10 PM PDT

Abbott Laboratories (NYSE:ABT) is set to announce its third quarter 2011 results on October 19, 2011 before the opening bell. The Zacks Consensus Estimate for the third quarter is $1.15, representing a year-over-year increase of 9.52%.
The Zacks Consensus Estimate is just below the guidance range of $1.16 – $1.18 provided by the company while releasing its second quarter results. Abbott Labs has surpassed earnings estimates consistently in the last four quarters with a trailing average of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


JCI Sees Growth In Fiscal 2012

Posted: 14 Oct 2011 02:10 PM PDT

Johnson Controls Inc. (NYSE:JCI) projected a 9% rise in sales to $44.2 billion in fiscal 2012 ending September 30, 2012 based on higher automotive production in North America and China. However, the company expects relatively flat production in Europe compared with fiscal 2011.
The company also projected earnings per share to surge 20% to $2.85–$3.00 for fiscal 2012. Johnson anticipates improvements in sales and margin in all of its businesses, viz. Automotive Experience, Building Efficiency and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up At The End Of U.S. Session

Posted: 14 Oct 2011 02:10 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3882, up 0.76% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Johnson & Johnson

Posted: 14 Oct 2011 02:05 PM PDT

Johnson & Johnson (NYSE:JNJ) is slated to report its third quarter 2011 earnings on October 18, 2011 before the opening bell. The current Zacks Consensus Estimate for the third quarter is $1.21 per share, representing a year-over-year decline of 1.62%.
Johnson & Johnson has surpassed earnings estimates in three of the last four quarters and reported in line with the Zacks Consensus Estimate in the final quarter of 2010 (with a trailing four-quarter average of 6.06%).
Second Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up At The End Of U.S. Session

Posted: 14 Oct 2011 02:05 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

GBP/USD was trading at 1.5819, up 0.33% at time of writing.

The pair was likely to find support at 1.5543, Wednesday's low, and resistance at 1.5853, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: A Busy Week Ahead

Posted: 14 Oct 2011 02:00 PM PDT

Earnings Preview 10/14/11

While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500.

Thus, by the end of the week we will have a very good idea of how the overall season will go. Not only will there be a lot of reports, but many of those we get will be very important ones. The table at the end of this report reads like a who's who of American … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dow Turns Positive For 2011, Jumps 166 Points On EU Debt Optimism And Strong Retail Sales

Posted: 14 Oct 2011 02:00 PM PDT

10/14/11 NYFP’s Closing Bell Report: The Dow rallied another 166 points to close out the week, pushing the Big Board into positive territory for the year on EU debt talk optimism and strong retail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up At The End Of U.S. Session

Posted: 14 Oct 2011 02:00 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Retail Sales.

USD/JPY was trading at 77.21, up 0.40% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: A Busy Week Ahead

Posted: 14 Oct 2011 01:58 PM PDT

Earnings Preview 10/14/11

While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500.

Thus, by the end of the week we will have a very good idea of how the overall season will go. Not only will there be a lot of reports, but many of those we get will be very important ones. The table at the end of this report reads like a who's who of American … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Life Tech Launches Ion AmpliSeq

Posted: 14 Oct 2011 01:58 PM PDT

Life Technologies Corporation (LIFE) recently launched Ion AmpliSeq Cancer Panel to help scientists to sequence dozens of genes in cancer research samples using a simple workflow. In addition to confirmation of mutations within one day, the system also makes DNA extraction possible from fixed, frozen or fresh tissue. The Cancer Panel sequences 46 cancer-related genes for over 700 known cancer mutations.  
The Ion AmpliSeq kits, scalable to hundreds of genes, also prepare targeted regions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: IBM

Posted: 14 Oct 2011 01:50 PM PDT

IBM Corp. (NYSE:IBM) is scheduled to announce its third quarter 2011 results after the closing bell on October 17, 2011, Monday. We noticed the quarter's estimates treading in a positive direction, and considering the past trends, we continue to believe another earnings beat is on the cards.
Prior Quarter Recap
IBM reported strong second quarter earnings and revenues that surpassed the Zacks Consensus Estimate. Results were positively impacted by IBM's key initiatives, such as Business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 14 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Retail Sales.

USD/JPY was trading at 77.25, up 0.45% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alternative Universe

Posted: 14 Oct 2011 01:38 PM PDT

On its face, the recent yawning divergence between sentiment and spending doesn’t make any sense (via Zero Hedge):

Unless, of course, you allow for a little (or perhaps a lot of) data “massage,” as detailed by the Market Ticker in “Retail Sales: ALL (Literally) Seasonal Adjustment”:

You wouldn’t know it from the cheering and headlines, but it is what it is….

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CONSOL Offers 3Q Operations Update

Posted: 14 Oct 2011 01:35 PM PDT

Diversified energy producer CONSOL Energy Inc. (NYSE:CNX), yesterday, provided an operations update for the quarter ended September 30, 2011. Production at the company's Gas Division reached a record 40.4 Bcf for the third quarter of 2011, up nearly 13% from 35.8 Bcf produced in the year-ago quarter.
Outperformance at the Gas division was driven by the peak production of 39.4 MMcf per day achieved from the first five wells on a new 10-well pad in the Marcellus Shale.
In the third quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Chart Of The Day: The Shale Gas Revolution In PA Has Helped The U.S. Become No. 1 In The World

Posted: 14 Oct 2011 01:33 PM PDT

The Pennsylvania Shale Gas Revolution

The chart above is from the Energy Information Administration and illustrates graphically the significant increases in natural gas production in recent years from increased drilling activity in the Marcellus Shale region of Pennsylvania.  In only about a three-year period, natural gas production in the northeast United States has tripled from 1.5 billion cubic feet per day in July 2008 to more than 4.5 billion cubic feet per day by July 2011, with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Western Union Expands Online Service

Posted: 14 Oct 2011 01:25 PM PDT

Global payment services provider Western Union Co. (WU) announced that it has spread Online FX and Online FX for Mobile services in France, Germany, Ireland and Italy.
This facility will be available via Western Union Business Solutions (legacy Custom House), a line of service under Western Union's Global Business Payments Segment.
Western Union Business Solutions offers international cross-border, cross-currency business-to-business payment solutions through various channels including the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 14 Oct 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3883, up 0.77% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Selective Predicts 3Q Cat Loss

Posted: 14 Oct 2011 01:15 PM PDT

Yesterday, property and casualty insurer Selective Insurance Group, Inc. (NASDAQ:SIGI) declared a preliminary pre-tax catastrophe loss (cat loss) estimate of $70 million, to be reflected in its third quarter 2011 results.  The losses which have been calculated net of reinsurance recoveries mainly emanated from Hurricane Irene and six other catastrophes.
In the previous quarter Selective incurred $38 million in weather related losses almost half of what is expected in this quarter.
Other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Markets Close Higher; Dow Jones Up 1.45%

Posted: 14 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Friday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 1.45%, the S&P 500 index gained 1.74%, while the Nasdaq 100 index climbed 1.94%.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from 0.0%.

Analysts had expected retail sales to rise 0.5% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Affymetrix’s New Pan-African Array

Posted: 14 Oct 2011 01:00 PM PDT

Genetic products maker Affymetrix Inc (NASDAQ:AFFX) has broadened its Axiom Genotyping Solution (a high-throughput genotyping platform) with the launch of the Axiom Genome-Wide Pan-African Array. It is the first commercial product designed to maximize genetic coverage of both common and rare alleles (an allele is one of a pair or series of genes) in populations of African descent (including West and East Africans and African Americans).
The poor genomic coverage of the existing commercially … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Merck KGaA, Ono Pharma Collaborate

Posted: 14 Oct 2011 12:55 PM PDT

In a bid to strengthen its multiple sclerosis and cancer franchises, Merck KGaA (MKGAF) entered into a couple of agreements with Japanese pharma company, Ono Pharmaceutical Co. Ltd.
According to the first agreement, Merck KGaA will have worldwide (excluding Japan, Korea and Taiwan) license rights for the development and commercialization of ONO-4641, which is currently in mid-stage development for the treatment of multiple sclerosis. For this agreement, Ono Pharma will receive 1.5 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CSC Integral Suite With Microsoft

Posted: 14 Oct 2011 12:50 PM PDT

Computer Sciences Corp.'s (NYSE:CSC) most coveted insurance offering will now be available with Microsoft Corp.'s (NASDAQ:MSFT) Windows Server 2008 R2 and SQL Server 2008 R2. The companies signed a technology development, marketing and sales alliance agreement to offer Computer Sciences' Integral insurance software suite with Microsoft's server offerings. The combined pack will likely knock at the doors of insurance carriers later this calendar year.
Per the agreement, Microsoft will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Citigroup Inc.

Posted: 14 Oct 2011 12:50 PM PDT

Citigroup Inc. (NYSE:C) is scheduled to report its third-quarter 2011 results before the market opens on Monday, October 17. The Zacks Consensus Estimate for the quarter is 81 cents per share, representing an increase of about 1.79% over the year-ago quarter.
Though Citi's restructuring efforts are appreciable, the trading revenues of the company seem to be the current concern. The volatility and market declines are expected to have a dampening impact on Citi's trading revenues.
There also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Symantec Offers New Solution

Posted: 14 Oct 2011 12:50 PM PDT

Internet security software maker Symantec Corporation (NASDAQ:SYMC) recently rolled out the Symantec Endpoint Protection cloud and Backup Exec cloud, which are now being offered to partners in the United States and Canada through Symantec’s traditional distribution channel.
By delivering Symantec’s cloud-based endpoint protection and backup solutions, partners now have a better choice with respect to how they bring solutions to customers and how they make the most of the growth opportunity in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up During The U.S. Session

Posted: 14 Oct 2011 12:45 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

GBP/USD was trading at 1.5808, up 0.26% at time of writing.

The pair was likely to find support at 1.5543, Wednesday's low, and resistance at 1.5853, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Morgan Stanley Downgraded

Posted: 14 Oct 2011 12:30 PM PDT

We are downgrading our recommendation on Morgan Stanley (NYSE:MS) to Underperform on its weak second quarter results, lower possibility of capital deployment and the expected adverse impact of regulatory restrictions.
The MUFG preferred stock conversion resulted in a huge loss during the quarter, though it enhanced the capital cushion. However, the results were substantially better than the Zacks Consensus Estimate. Without the MUFG transaction, the company would have earned a decent amount from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Foreclosures Modestly Up In 3Q

Posted: 14 Oct 2011 12:25 PM PDT

According to the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in the third quarter of 2011 increased slightly from the prior quarter, with 610,337 properties receiving notices of default, auction or repossession during the reported quarter. However, this is still down 34% from the prior-year quarter figures.
The modest rise in foreclosure activity during June-September quarter is the first increase after three consecutive quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Covidien, Aircraft Join Forces

Posted: 14 Oct 2011 12:20 PM PDT

Leading health care products maker Covidien plc (NYSE:COV) has inked an exclusive distribution pact with UK-based medical devices company Aircraft Medical. Under the agreement terms, the Ireland-based company will distribute Aircraft's proprietary McGRATH MAC video laryngoscope across the U.S., UK, Japan, Latin America, Australia and New Zealand.
Covidien will showcase the McGRATH MAC laryngoscope at the "Anesthesiology 2011", the annual meet of the American Society of Anesthesiologists … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Medtronic Grows Japan Portfolio

Posted: 14 Oct 2011 12:15 PM PDT

Leading medical devices player, Medtronic (NYSE:MDT) strengthened its product portfolio in Japan with its decision to launch Integrity Coronary Stent System and Endurant AAA Stent Graft System. The former is meant to treat narrowed heart arteries due to atherosclerosis and the latter treats abdominal aortic aneurysms (AAA).
On the back of these imminent launches, Medtronic's revenue from Japan, the world's second largest market for advanced medical technology, should get a shot in the arm. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Down In U.S. Trade

Posted: 14 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Manufacturing Sales.

USD/CAD was trading at 1.0117, down 0.91% at time of writing.

The pair was likely to find support at 1.0112, today's low, and resistance at 1.0371, Monday's high.

Earlier in the day, official data showed that Canadian manufacturing sales rose more-than-expected to a seasonally adjusted 1.40% last month from 3.00% in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up On Economic Data

Posted: 14 Oct 2011 11:55 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Federal Budget Balance.

EUR/USD was trading at 1.3872, up 0.69% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, official data showed that The U.S. federal budget balance rose more-than-expected to a seasonally adjusted -64.6B last month from -134.2B in the preceding month.

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


Friday Data Points: Nothing To Suggest Double-Dip

Posted: 14 Oct 2011 11:50 AM PDT

1. Mortgage rates rose back above 4% this week to 4.12% for the 30-year fixed rate, up from last week’s historic low of 3.94% and reaching the highest rate in five weeks.  

2. Loaded export containers leaving the L.A. Port in September increased by 26.6% compared to a year earlier, which was the largest annual gain for any month since early 2010.  On a year-to-date basis, export volume in 2011 is 13.6% ahead of last year, and at the highest-ever level for January-September exports in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up In U.S. Trading Hours

Posted: 14 Oct 2011 11:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3872, up 0.69% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up On Economic Data

Posted: 14 Oct 2011 11:25 AM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Federal Budget Balance.

USD/JPY was trading at 77.23, up 0.42% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Earlier in the day, official data showed that The U.S. federal budget balance rose more-than-expected to a seasonally adjusted -64.6B last month from -134.2B in the preceding month.

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


Banco De Mexico Keeps Interest Rate At 4.50%

Posted: 14 Oct 2011 11:18 AM PDT

The Banco de Mexico held its overnight interest rate target steady at 4.50%.  In its monetary policy statement the Bank noted: ”the current monetary policy posture is conducive to achieve the 3.0% inflation objective.”  Further commenting: “However, we will remain alert to the prospects for world economic growth and its possible implications for the Mexican economy, which, in the context of great monetary slack in the principal advanced economies could as a result make … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Federal Budget Balance Rises More-than-expected

Posted: 14 Oct 2011 11:15 AM PDT

Forexpros – The U.S. federal budget balance rose more-than-expected last month, official data showed on Friday.

In a report, Department of the Treasury said that U.S. federal budget balance rose to a seasonally adjusted -64.6B, from -134.2B in the preceding month.

Analysts had expected U.S. federal budget balance to rise to -65.0B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Up In U.S. Trade

Posted: 14 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

AUD/USD was trading at 1.0320, up 1.26% at time of writing.

The pair was likely to find support at 0.9781, Monday's low, and resistance at 1.0334, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Banco Central De Chile Keeps Interest Rate At 5.25%

Posted: 14 Oct 2011 10:56 AM PDT

The Banco Central de Chile kept its monetary policy interest rate steady at 5.25%.  The Bank noted: “Domestically, output and demand show signs of moderation. In the case of output, the slowdown is more pronounced than was assumed in the Monetary Policy Report’s baseline scenario; the opposite occurs with demand. Labor market conditions remain tight. CPI inflation rates have hovered around 3% y-o-y, while core inflation measures remain contained. Inflation expectations are close … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Monday, October 17, 2011

Posted: 14 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Monday, October 17, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0336
+ 1.43
1.0175
1.0143

Bullish

EURUSD – Euro / US Dollar
1.3878
+ 0.73
1.3776
1.3716

Bullish

GBPUSD – British Pound / US Dollar
1.5819
+ 0.34
1.5744
1.5732

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0097
− 1.11
1.0190
1.0195

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Monday, October 17, 2011

Posted: 14 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Monday, October 17, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.26
+ 1.58
10.09
10.14

Bullish

AXP – American Express Company
46.10
− 0.50
46.44
46.07

Neutral

BA – Boeing Co
63.89
+ 0.57
63.99
63.96

Bearish

BAC – Bank of America Corporation
6.19
− 0.48
6.35
6.35

Bearish

CAT – Caterpillar Inc
84.09
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Monday, October 17, 2011

Posted: 14 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Monday, October 17, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
108.94
− 0.16
109.03
108.99

Bearish

BND – Vanguard Total Bond Market ETF
82.85
− 0.18
82.91
82.90

Bearish

DBC – DB Commodity Index Tracking Fd
27.87
+ 2.28
27.40
27.45

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Monday, October 17, 2011

Posted: 14 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, October 17, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1219.25
+ 1.77
1204.94
1203.83

Bullish

Dow Jones – Dec YMZ1
11566
+ 1.49
11459
11453

Bullish

Nasdaq – Dec NQZ1
2367.25
+ 1.77
2328.14
2322.75

Bullish

Russell – Dec TFZ1
709.60
+ 2.22
698.19
695.53

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
138-13
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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