DailyMarkets.com - Swiss KOF Economic Barometer Drops Sharply In November

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• Swiss KOF Economic Barometer Drops Sharply In November
• Forex – Euro Remains On The Back Foot As Debt Crisis Fears Weigh
• Forex Trading: Eurozone Nov. CPI At 3.0%, Inline With Forecast
• Forex Trading: Eurozone Oct. Unemployment Rate Up By 0.1% To 10.3%
• Crude Oil, Gold Likely To Fall As Lackluster Euro Summit Boosts US Dollar
• Copper Futures Tumble On Sustained Euro Zone Debt Woes
• Euro Zone Unemployment Rate Rises Unexpectedly
• Euro Zone Flash CPI Unchanged In November
• Forex – USD/CHF Edges Higher In Risk-off Trade
• Forex – Dollar Broadly Higher Vs. Rivals On E.Z. Worries
• Crude Oil Futures Decline As Euro Zone Concerns Linger
• European Stocks Tumble On Bank Downgrades; DAX Down 0.83%
• German Unemployment Change Falls More-than-expected
• Forex – GBP/USD Slides Amid Caution On Euro Zone Woes
• Gold Futures Trade In Tight Range With EU Debt Woes In Focus
• Forex – USD/JPY Higher As E.Z. Concerns Weigh
• Forex – AUD/USD Down After Euro Zone Debt Talks
• Forex – NZD/USD Edges Lower On E.Z. Debt Concerns
• Asia Stocks Drop On S&P Move, EU In Focus; Nikkei Down 0.5%
• Forex – EUR/USD Nears 7-week Low After Euro FinMin Meeting
• German Retail Sales Rise More-than-expected In October
• Bear Of The Day: Willis Group Holdings, Plc (WSH)
• Growth & Income Stock: Occidental Petroleum Corp.
• Momentum Stock: Genesco, Inc.
• Bull Of The Day: Cabela's, Inc. (CAB)
• Aggressive Growth Stock: Radware, Ltd
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – USD/CHF Down During Asian Trade
• Forex – USD/JPY Up During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/CAD Up In Asian Trading Hours
• While Nation Struggles, There’s One Miracle State
• Forex – AUD/USD Up During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Cartoon Of The Day: The Great Jobs Massacre
• Forex – EUR/JPY Up During Asian Trade
• Forex – GBP/JPY Up During The Asian Session

Swiss KOF Economic Barometer Drops Sharply In November Posted: 30 Nov 2011 02:40 AM PST Forexpros – Switzerland's leading economic barometer fell significantly more-than-expected in November, falling to a new low, industry data showed on Wednesday. In a report, the KOF Economic Research Agency said its index of 12 leading indicators declined by 0.4 points to 0.35 in November, down from October's reading of 0.75, which was revised down from a previously reported 0.80. Analysts had expected the index to fall by 0.12 points to 0.63 in November. Following the release of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Remains On The Back Foot As Debt Crisis Fears Weigh Posted: 30 Nov 2011 02:36 AM PST Forexpros – The euro was mixed to lower against its major counterparts on Wednesday, as investors remained jittery after a meeting of euro zone finance ministers on Tuesday did little to reassure markets of progress in tackling the region's debt crisis. During European morning trade, the euro was weaker against the U.S. dollar, with EUR/USD slipping 0.20% to hit 1.3286. Euro zone finance ministers agreed on a plan to expand the capacity of the bloc's bailout fund, but said its capacity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Nov. CPI At 3.0%, Inline With Forecast Posted: 30 Nov 2011 02:33 AM PST Eur/Usd trades at 1.3284, not affected by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Oct. Unemployment Rate Up By 0.1% To 10.3% Posted: 30 Nov 2011 02:33 AM PST Eur/Usd slightly off by 5 points to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Likely To Fall As Lackluster Euro Summit Boosts US Dollar Posted: 30 Nov 2011 02:29 AM PST Talking Points Crude Oil to Follow S&P 500 Lower on Euro FinMin Summit Outcome Gold Under Pressure as US Dollar Gains, Fed's Beige Book Survey in Focus WTI Crude Oil (NY Close): $99.79 // +1.58 // +1.61% Crude prices are following European stocks downward and S&P 500 stock index futures are trading lower, pointing to more of the same as Wall Street comes online. The selloff reflects broad-based risk aversion after a disappointing outcome to the first day of a summit of Eurozone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Tumble On Sustained Euro Zone Debt Woes Posted: 30 Nov 2011 02:16 AM PST Forexpros – Copper futures fell sharply on Wednesday, as concerns over the sovereign debt crisis in the euro zone lingered after a meeting of euro zone leaders failed to reassure markets. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.326 a pound during European morning trade, tumbling 1.9%. It earlier fell by as much as 2.5% to trade at USD3.316 a pound, the lowest price since November 25. Euro zone finance ministers announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Unemployment Rate Rises Unexpectedly Posted: 30 Nov 2011 02:11 AM PST Forexpros – The euro zone's unemployment rate rose unexpectedly for the second consecutive month in October, official data showed on Wednesday. In a report, Eurostat said that the euro zone's unemployment rate rose to a seasonally adjusted 10.3% in October from 10.2% in September. Analysts had expected the euro zone's unemployment rate to hold steady at 10.2%. The jobless rate stood at 9.6% in October 2010. According to the data, the number of unemployed people in the euro zone was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Flash CPI Unchanged In November Posted: 30 Nov 2011 02:06 AM PST Forexpros – Consumer price inflation in the euro zone was unchanged in November, holding steady for the third consecutive month, preliminary data showed on Wednesday. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 3.0% in November, unchanged from the previous month and broadly in line with market expectations. The rate remains above the European Central Bank’s target of near but just below 2%. Following the release of the data, the euro held on to losses … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Edges Higher In Risk-off Trade Posted: 30 Nov 2011 02:02 AM PST Forexpros – The U.S. dollar edged higher against the Swiss franc on Wednesday as safe haven demand found support after a meeting of euro zone finance minister failed to reassure markets on the handling of the region's debt crisis. USD/CHF hit 0.9246 during European morning trade, the pair's highest since November 28; the pair subsequently consolidated at 0.9231, gaining 0.23%. The pair was likely to find support at 0.9084, the low of November 18 and resistance at 0.9329, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals On E.Z. Worries Posted: 30 Nov 2011 01:33 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as sustained concerns over the euro zone's debt crisis supported demand for the safe haven greenback. During European morning trade, the dollar was up against the euro, with EUR/USD shedding 0.12% to hit 1.3296. On Tuesday, euro zone finance ministers agreed on a plan to expand the region's bailout fund, but said its capacity to assist indebted nations would not be as large as initially hoped. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Decline As Euro Zone Concerns Linger Posted: 30 Nov 2011 01:21 AM PST Forexpros – Crude oil futures declined on Wednesday, as the U.S. dollar strengthened after a meeting of euro zone leaders failed to reassure markets, while traders awaited key weekly U.S. inventory data later in the day. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD99.31 a barrel during European morning trade, dropping 0.52%. It earlier fell by as much as 0.85% to trade at a daily low of USD98.96 a barrel. Euro zone finance ministers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Tumble On Bank Downgrades; DAX Down 0.83% Posted: 30 Nov 2011 01:05 AM PST Forexpros – European stock markets edged lower on Wednesday, amid sustained concerns over the euro zone debt crisis after Standard & Poor's cut the credit ratings of some of the region's largest banks. During European morning trade, the EURO STOXX 50 dropped 0.72%, France's CAC 40 declined 0.69%, while Germany's DAX 30 slumped 0.85%. On Tuesday, euro zone finance ministers agreed on a plan to expand the region's bailout fund, but said its capacity to assist indebted nations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Unemployment Change Falls More-than-expected Posted: 30 Nov 2011 01:00 AM PST Forexpros – The number of unemployed people in Germany fell more-than-expected in November, official data showed on Wednesday. In a report, Germany’s Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 20,000 in November, easily surpassing expectations for a decline of 5,000. The previous month's figure was revised down to a gain of 6,000 people from a previously reported increase of 10,000. The report showed that Germany's unemployment rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Slides Amid Caution On Euro Zone Woes Posted: 30 Nov 2011 12:50 AM PST Forexpros – The pound was lower against the U.S. dollar on Wednesday, as investors remained cautious over progress on resolving the euro zone's debt crisis, while speculation over a bailout for Italy lent support. GBP/USD hit 1.5531 during early European trade, the day's low; the pair subsequently consolidated at 1.5552, shedding 0.27%. Cable was likely to find support at 1.5458, Monday's low and an almost seven-week low and resistance at 1.5628, the days high. News that euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Trade In Tight Range With EU Debt Woes In Focus Posted: 30 Nov 2011 12:33 AM PST Forexpros – Gold futures traded in a tight range on Wednesday, swinging between modest gains and losses as investors continued to monitor developments surrounding the ongoing debt crisis in the euro zone. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,714.85 a troy ounce during early European morning trade, easing down 0.12%. The February contract traded between a range of USD1,709.55 a troy ounce, the daily low and USD1,730.35, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Higher As E.Z. Concerns Weigh Posted: 30 Nov 2011 12:21 AM PST Forexpros – The U.S. dollar was higher against the yen on Wednesday, as safe haven demand found support after a meeting of euro zone leaders failed to reassure markets while comments from the Bank of Japan weighed on the yen. USD/JPY hit 78.11 during late Asian trade, the daily high; the pair subsequently consolidated at 77.98, easing up 0.06%. The pair was likely to find support at 77.61, Tuesday's low and resistance at 77.93, the high of November 2. At a meeting on Tuesday, euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down After Euro Zone Debt Talks Posted: 30 Nov 2011 12:17 AM PST Forexpros – The Australian dollar was lower against its U.S. counterpart on Wednesday as market sentiment waned after a meeting of euro zone finance ministers failed to convince investors of progress on the region's debt crisis. AUD/USD hit 0.9944 during late Asian trade, the daily low; the pair subsequently consolidated at 0.9976, shedding 0.24%. The pair was likely to find support at 0.9789, the low of November 28 and resistance at 1.0116, the high of November 17. On Tuesday, euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Edges Lower On E.Z. Debt Concerns Posted: 30 Nov 2011 12:05 AM PST Forexpros – The New Zealand dollar edged lower against its U.S. counterpart on Wednesday, retreating from a nine-day high as recent efforts to tackle the euro zone's debt crisis did not manage to entirely reassure markets. NZD/USD hit 0.7582 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7592, declining 0.23%. The pair was likely to find support at 0.7478, the low of November 28 and resistance at 0.7722, the high of November 16. On Tuesday, euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Drop On S&P Move, EU In Focus; Nikkei Down 0.5% Posted: 29 Nov 2011 11:49 PM PST Forexpros – Asian stock markets fell on Wednesday, after ratings agency Standard & Poor's cut credit ratings for major global lenders, while markets continued to eye developments out of the euro zone. During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.5%, Australia's ASX/200 Index shed 0.45%, while Japan's Nikkei 225 Index declined 0.5%. Shares in major Asian lenders performed poorly, tracking losses in their U.S. counterparts after ratings agency Standard & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Nears 7-week Low After Euro FinMin Meeting Posted: 29 Nov 2011 11:35 PM PST Forexpros – The euro slipped lower against the U.S. dollar on Wednesday, after euro zone finance ministers agreed on a plan to expand the region's bailout fund, but said its capacity to assist indebted nations would not be as large as initially hoped. EUR/USD hit 1.3260 during late Asian trade, the pair's lowest since November 25; the pair subsequently consolidated at 1.3263, shedding 0.39%. The pair was likely to find support at 1.3211, the low of November 25 and a seven-week low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Retail Sales Rise More-than-expected In October Posted: 29 Nov 2011 11:27 PM PST Forexpros – Retail sales in Germany rose more-than-expected in October, official data showed on Wednesday. In a report, Germany's Statistics Office said retail sales rose by a seasonally adjusted 0.7% in October, beating expectations for a 0.1% gain. The previous month's figure was revised to a 0.3% increase from a previously reported 0.4% gain. The data showed that German retail sales fell at annualized rate of 0.4% in October from a year earlier, after rising 0.6% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Willis Group Holdings, Plc (WSH) Posted: 29 Nov 2011 11:00 PM PST We are downgrading our recommendation on Willis Group Holdings, Plc (NYSE:WSH) to Underperform from Neutral due to the headwind from The Loan Protector business that is expected to weigh on North American results. The soft insurance market is likely to continue. Additionally, the weakness in the US economy will remain a headwind and restrict any significant top-line growth in the company. Willis also expects to incur pre-tax charges of approximately $160 million in 2011, up from $130 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Occidental Petroleum Corp. Posted: 29 Nov 2011 11:00 PM PST Occidental Petroleum Corp. (OXY) has seen its fair share of volatility lately, bouncing up and down as energy stocks fall in and out of favor with the market. But with a compelling valuation and solid 2.1% dividend yield, OXY offers a unique combination of growth and income. Company Description Occidental Petroleum Corp. is as an integrated energy company, operating in exploration, refining and marketing. The company was founded in 1920 and has a market cap of $75 billion. Even though energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Genesco, Inc. Posted: 29 Nov 2011 11:00 PM PST Genesco, Inc. (GCO) continues to trade strong in the volatile market, recently hitting a new all-time high on another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock is a good pick for retail momentum. Company Description Genesco operates across the supply chain as both a wholesaler and retailer. The company owns over 1,100 stores under the name Journeys and also wholesales shoes to other distributors. The company was founded in 1924 and has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Cabela's, Inc. (CAB) Posted: 29 Nov 2011 11:00 PM PST Cabela’s, Inc. (NYSE:CAB) third-quarter 2011 earnings of $0.50 per share beat the Zacks Consensus Estimate of $0.44, and surged 61.3% from the prior-year quarter. The quarter witnessed healthy revenue growth and profitability at its retail segment, sturdy performance at Cabela’s CLUB Visa program, strong merchandise gross margin and increased market share. Merchandise gross margin expanded 140 basis points to 35.9% during the quarter. Management reiterated its long-term goal of increasing the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Radware, Ltd Posted: 29 Nov 2011 11:00 PM PST Radware (NASDAQ:RDWR) is coming off of a record-setting quarter and estimates are on the rise. It is also the top rated company in its peer group, so is now a good time to get into this Zacks #1 Rank (Strong Buy)? Company Description Radware offers network security and delivery solutions for virtual and cloud data centers. Customers include banks, government agencies, and other entities worldwide. Record-Setting Quarter On Oct 26 Radware reported $42.2 million in quarterly revenue, a 15% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 29 Nov 2011 10:45 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3322, up 0.06% at time of writing. The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3441, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8550 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 29 Nov 2011 10:10 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5586, down 0.07% at time of writing. The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5656, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8548 and GBP/JPY falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down During Asian Trade Posted: 29 Nov 2011 09:35 PM PST Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday. USD/CHF was trading at 0.9200, down 0.10% at time of writing. The pair was likely to find support at 0.9141, Tuesday's low, and resistance at 0.9330, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.15% to hit 1.3334 and USD/JPY rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 29 Nov 2011 09:35 PM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. USD/JPY was trading at 77.93, up 0.001% at time of writing. The pair was likely to find support at 77.18, Friday's low, and resistance at 78.28, Tuesday's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 2.4% last month from -3.3% in the preceding month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The Asian Session Posted: 29 Nov 2011 09:00 PM PST Forexpros – The Euro was higher against the British Pound on Wednesday. EUR/GBP was trading at 0.8549, up 0.15% at time of writing. The pair was likely to find support at 0.8529, Tuesday's low, and resistance at 0.8618, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.14% to hit 1.3333 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 29 Nov 2011 08:10 PM PST Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0331, up 0.08% at time of writing. The pair was likely to find support at 1.0259, Tuesday's low, and resistance at 1.0523, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.09% to hit 1.3326 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

While Nation Struggles, There’s One Miracle State Posted: 29 Nov 2011 07:53 PM PST The chart above shows the “Coincident Economic Activity Indexes” for the U.S. and a sample of U.S. states (New York, Florida, California, Arizona, Minnesota, Illinois, and Wisconsin).  The coincident economic indexes are based on four variables: nonfarm payroll employment, the unemployment rate, average hours worked in manufacturing, and wages and salaries.   While the current economic conditions in most states, and the country as a whole, remain below their pre-recession levels … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 29 Nov 2011 07:30 PM PST Forexpros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of Australian data on Private New Capital Expenditure. AUD/USD was trading at 1.0016, up 0.16% at time of writing. The pair was likely to find support at 0.9668, Friday's low, and resistance at 1.0087, today's high. Earlier in the day, official data showed that Australian private new capital expenditure rose more-than-expected to a seasonally adjusted 12.3% in the last quarter from 4.9% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 29 Nov 2011 07:05 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3337, up 0.17% at time of writing. The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3441, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8550 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day: The Great Jobs Massacre Posted: 29 Nov 2011 06:44 PM PST Another classic from Michael Ramirez at Investor’s Business Daily (click to enlarge).  HT: Mike … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Up During Asian Trade Posted: 29 Nov 2011 06:35 PM PST Forexpros – The Euro was higher against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. EUR/JPY was trading at 103.94, up 0.18% at time of writing. The pair was likely to find support at 102.50, Friday's low, and resistance at 104.52, Monday's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 2.4% last month from -3.3% in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 29 Nov 2011 05:45 PM PST Forexpros – The British Pound was higher against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. GBP/JPY was trading at 121.65, up 0.08% at time of writing. The pair was likely to find support at 119.39, Friday's low, and resistance at 121.89, today's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 2.4% last month from -3.3% in the preceding month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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