DailyMarkets.com - Forex Trading: Euro Firmer After 3-6 Month T-bill Auction Goes Better Than Expected…
DailyMarkets.com - Forex Trading: Euro Firmer After 3-6 Month T-bill Auction Goes Better Than Expected… |
- Forex Trading: Euro Firmer After 3-6 Month T-bill Auction Goes Better Than Expected…
- Forex Trading: USD Weaker In Recent Trade
- Forex – USD/CHF Falls To 6-day Low As Risk Appetite Sharpens
- Copper Futures Bounce Off 2-day Low As U.S. Dollar Weakens
- Forex – Dollar Lower Vs. Rivals As Euro Pushes Higher After Ifo
- European Stocks Mixed Ahead Of Spanish Auction; DAX Up 0.53%
- Sweden’s Riksbank Cuts Repo Rate 25bps To 1.75%
- Forex Trading: EUR/USD Makes A Break Higher
- Crude Oil Futures Advance On USD Weakness, Iran Tensions
- Crude Oil, Gold And Silver Poised To Rise As US Dollar Weakens
- German Ifo Business Climate Improves Unexpectedly
- Beam To Still Irish Whiskey
- Forex – GBP/USD Hits 1-week High As Sentiment Improves
- Gold Futures Trade Above USD1,600 As U.S. Dollar Declines
- Forex – USD/JPY Edges Lower Amid E.Z. Hopes
- Forex – NZD/USD Higher But Gains Limited
- Forex – AUD/USD Higher After RBA Minutes
- Asia Stocks Mixed As EU Concerns Linger; Nikkei Up 0.5%
- Forex – EUR/USD Steady Close To 11-month Low
- Swiss Trade Surplus Widens More-than-expected
- German Gfk Consumer Climate Index Holds Steady
- Forex Trading: EUR/USD Ready To Pick A Direction?
- Bull Of The Day: Smithfield Food (SFD)
- Aggressive Growth Stock: China XD Plastics
- Bear Of The Day: BHP Billiton
- Growth & Income Stock: Union Pacific Corporation
- Momentum Stock: Pier 1 Imports, Inc.
- Fitch Has Eurozone Misgivings
- Shorting Treasuries: Conventional Wisdom Gone Awry
- Forex – GBP/USD Bolsters On Global Greenback Selloff
- Forex – Dollar Drops As Asian Stocks Rise
- Forex Trading: Usd/hkd Bounces Off The 61.8% Retracement
- Forex Trading: USDHKD Appreciation Defended
- Asia Stocks Climb As North Korean Fears Ebb; Nikkei Up 0.62%
- Gold Futures Firm As Europe Misses IMF Fund Target
- Crude Oil Futures Firm As Dollar Demand Eases
- Forex – EUR/USD Firms As Markets Temper ECB Comments
- Saab Files For Bankruptcy
- The Bull Case For Stocks
| Forex Trading: Euro Firmer After 3-6 Month T-bill Auction Goes Better Than Expected… Posted: 20 Dec 2011 03:22 AM PST EUR/USD re-tests previous high of 1.3084 following the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USD Weaker In Recent Trade Posted: 20 Dec 2011 03:22 AM PST Risk appetite is higher in recent trade with the USD losing ground against all of the majors. The USD/CHF was finding support around .9350 until recently making a session low of .9350; a level not seen since December 12th. Continued selling in the USD could see the pair continue towards .9288, but in the case of a rebound we look back to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Falls To 6-day Low As Risk Appetite Sharpens Posted: 20 Dec 2011 02:47 AM PST Forexpros – The U.S. dollar slid to a more than one-week low against the Swiss franc on Tuesday, as risk appetite staged a recovery after unexpectedly strong German business confidence data and as a Spanish bond auction met with solid investor demand. USD/CHF hit 0.9307 during European morning trade, the pair's lowest since December 12; the pair subsequently consolidated at 0.9309, shedding 0.68%. The pair was likely to find support at 0.9237, the low of December 9 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Copper Futures Bounce Off 2-day Low As U.S. Dollar Weakens Posted: 20 Dec 2011 02:11 AM PST Forexpros – Copper futures rebounded from a two-day low on Tuesday, as prices were boosted by a broadly weaker U.S. dollar, however ongoing concerns over the sovereign debt crisis in the euro zone and a slowdown in demand from top consumer China limited gains. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.339 a pound during European morning trade, gaining 0.9%. It earlier rose by as much as 1.05% to trade at a daily high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Lower Vs. Rivals As Euro Pushes Higher After Ifo Posted: 20 Dec 2011 01:49 AM PST Forexpros – The U.S. dollar was down against all of its major counterparts on Tuesday, as the euro pushed higher, finding support after a report showed that German business confidence improved unexpectedly this month. During European morning trade, the dollar was lower against the euro, with EUR/USD rising 0.35% to hit 1.3045. German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 107.2 in December from 106.6 in November, confounding expectations for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Mixed Ahead Of Spanish Auction; DAX Up 0.53% Posted: 20 Dec 2011 01:33 AM PST Forexpros – European stock markets were mixed to higher on Tuesday, as investor confidence improved after a highly anticipated conference call of European finance ministers and ahead of a Spanish bond auction later in the day. During European morning trade, the EURO STOXX 50 rose 0.7-%, France's CAC 40 climbed 0.64%, while Germany's DAX 30 advanced 0.53%. European Union finance ministers agreed on Monday to boost International Monetary Fund resources by EUR150 billion with the support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sweden’s Riksbank Cuts Repo Rate 25bps To 1.75% Posted: 20 Dec 2011 01:33 AM PST Sweden’s Riksbank cut its benchmark repo rate by 25 basis points to 1.75% from 2.00%. The Bank said: “There is still considerable uncertainty regarding the public-finance problems in, above all, the euro area and several euro countries are expected to implement more stringent fiscal tightening than was previously assumed. Growth in the euro area is therefore expected to be low in the period ahead. However, the global economy as a whole is growing at a relatively good rate.”
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| Forex Trading: EUR/USD Makes A Break Higher Posted: 20 Dec 2011 01:19 AM PST The Euro broke through the trend line resistance we made reference to earlier and is testing the 1.3047 target. The initial move came after Riksbank lowered interest rates 25 basis points (as expected) which propelled EUR/SEK higher and appears to have also put upward pressure on some of the Euro crosses. The rest of the move came after German business climate came in better than expected. If resistance is found at the 38.2% line we look back to the 100 hour moving average as the target; … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Advance On USD Weakness, Iran Tensions Posted: 20 Dec 2011 01:16 AM PST Forexpros – Crude oil futures rose on Tuesday, climbing to a three-day high as a broadly weaker U.S. dollar and mounting fears over a disruption to Iranian oil exports boosted prices. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD95.03 a barrel during European morning trade, rallying 1.05%. It earlier rose by as much as 1.15% to trade at USD95.12 a barrel, the highest since December 15. Crude's gains came as the dollar index, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil, Gold And Silver Poised To Rise As US Dollar Weakens Posted: 20 Dec 2011 01:15 AM PST Talking Points Crude Oil Prices Poised to Follow S&P 500 Recovery Higher WTI Crude Oil (NY Close): $93.88 // +0.35 // +0.37%
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| German Ifo Business Climate Improves Unexpectedly Posted: 20 Dec 2011 01:11 AM PST Forexpros – German business confidence improved unexpectedly in December, moving higher for the second consecutive month, industry data showed on Tuesday. In a report, the German research institute, Ifo said its Business Climate Index rose by 0.6 points to a seasonally adjusted 107.2 in December from 106.6 in November. Analysts had expected the index to fall by 0.6 points to 106.0. The Current Assessment Index held steady at 116.7 in December, unchanged from the previous month and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Dec 2011 01:10 AM PST Spun off of Fortune Brands, liquor producer Beam Inc. (BEAM) will buy renowned Irish whiskey maker Cooley Distillery. Per the deal, Beam will gain control of this leading spirits company for about $95 million on a debt-free basis.
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| Forex – GBP/USD Hits 1-week High As Sentiment Improves Posted: 20 Dec 2011 12:58 AM PST Forexpros – The pound rallied to a one-week high against the U.S. dollar on Tuesday, as signs of progress in tackling the euro zone's debt crisis supported demand for riskier assets. GBP/USD hit 1.5570 during European morning trade, the pair's highest since December 13; the pair subsequently consolidated at 1.5573, climbing 0.48%. Cable was likely to find support at 1.5433, the low of December 15 and resistance at 1.5656, the high of December 12. Market sentiment found support after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Trade Above USD1,600 As U.S. Dollar Declines Posted: 20 Dec 2011 12:33 AM PST Forexpros – Gold futures edged higher on Tuesday, trading above the psychologically-important USD1,600-an-ounce level as prices were boosted by a broadly weaker U.S. dollar. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,602.75 a troy ounce during early European morning trade, gaining 0.38%. It earlier rose by as much as 0.55% to trade at a daily high of USD1,603.35 a troy ounce. Gold futures were likely to find short-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Edges Lower Amid E.Z. Hopes Posted: 20 Dec 2011 12:24 AM PST Forexpros – The U.S. dollar edged lower against the yen on Tuesday, as market sentiment slightly recovered after a conference call of European finance ministers but concerns over the region's debt crisis continued to weigh. USD/JPY hit 77.92 during early European trade, the daily low; the pair subsequently consolidated at 77.94, declining 0.13%. The pair was likely to find support at 77.63, the low of December 13 and resistance at 78.23, the high of November 28. Market sentiment improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Higher But Gains Limited Posted: 20 Dec 2011 12:18 AM PST Forexpros – The New Zealand dollar was higher against its U.S. counterpart on Tuesday, after a highly anticipated teleconference of European finance ministers but gains were limited as concerns over the debt crisis persisted. NZD/USD hit 0.7608 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7600, adding 0.58%. The pair was likely to find support at 0.7486, the low of December 14 and resistance at 0.7683, the high of November 17. European Union finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Higher After RBA Minutes Posted: 20 Dec 2011 12:08 AM PST Forexpros – The Australian dollar was higher against its U.S. counterpart on Tuesday, as the minutes of the Reserve Bank of Australia's last meeting showed that policymakers saw continued expansion in the domestic economy. AUD/USD hit 0.9953 during late Asian trade, the daily high; the pair subsequently consolidated at 0.9940, gaining 0.44%. The pair was likely to find support at 0.9812, the low of November 22 and resistance at 1.0044, the high of December 14. At its December policy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Mixed As EU Concerns Linger; Nikkei Up 0.5% Posted: 19 Dec 2011 11:53 PM PST Forexpros – Asian stock markets were mixed in thin trade on Tuesday, as sentiment remained fragile amid concerns over the handling of the euro zone's ongoing sovereign debt crisis. During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.35%, Australia's S&P/ASX200 declined 0.2%, while Japan's Nikkei 225 Index gained 0.5%. Trading volumes were thin in many markets ahead of the Christmas holidays, resulting in volatile movements. Asian equities rose early in the session, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Steady Close To 11-month Low Posted: 19 Dec 2011 11:41 PM PST Forexpros – The euro was steady against the U.S. dollar on Tuesday, trading close to an 11-month low amid ongoing uncertainty over the debt crisis in the euro zone following talks by European Union finance ministers on Monday. EUR/USD hit 1.3018 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3011, easing up 0.10%. The pair was likely to find support at 1.2945, the low of December 14 and an 11-month low and resistance at 1.3042, Monday's high. EU finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss Trade Surplus Widens More-than-expected Posted: 19 Dec 2011 11:26 PM PST Forexpros – Switzerland’s trade surplus widened more-than-expected in November, official data showed on Tuesday. In a report, Switzerland's Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF3.00 billion in November, up from CHF2.16 billion in October, whose figure was revised up from CHF2.15 billion. Economists had expected the trade surplus to widen to CHF2.47 billion in November. The report said that exports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| German Gfk Consumer Climate Index Holds Steady Posted: 19 Dec 2011 11:23 PM PST Forexpros – Germany’s consumer climate held steady in December, industry data showed on Tuesday. In a report, market research group Gfk said its index of Germany’s consumer climate was unchanged at 5.6 in December, confounding expectations for a decline to 5.5. While income and economic expectations both improved, willingness to buy dropped significantly. Despite rising economic risks and further escalation of the debt crisis, Germans are once again more optimistic about the future. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EUR/USD Ready To Pick A Direction? Posted: 19 Dec 2011 11:18 PM PST Since the exit of Asia from the market, things have been pretty quiet. The Nikkei closed up 0.50% and the Hang Seng is currently also up 0.50% with the Dow futures up 50 points. In Europe, the FTSE looks to open down around -0.2% and the DAX -0.3%. A look at the EUR/USD from an hourly perspective seems like the pair, from a technical stand point, may choose direction. At this point in the wedge we look for a close below support, or higher above the line of resistance. Also note that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bull Of The Day: Smithfield Food (SFD) Posted: 19 Dec 2011 11:05 PM PST Smithfield Food (NYSE:SFD) has delivered strong second quarter 2012 earnings of $0.76 per share, surpassing the Zacks Consensus Estimate by $0.07. The result was driven by strong fresh pork earnings and robust exports despite higher raw material costs.
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| Aggressive Growth Stock: China XD Plastics Posted: 19 Dec 2011 11:05 PM PST China is risky right now, but China XD Plastics (CXDC) could be worth a look. With estimates on the rise the stock is currently a Zacks #1 Rank (Strong Buy).
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| Posted: 19 Dec 2011 11:05 PM PST We downgrade our recommendation on BHP Billiton Ltd. – ADR (NYSE:BHP) from Neutral to Underperform based on declining industrial demand on the back of sluggish economic growth in Europe and U.S. Other headwinds include competition from peers, upsurge in oil prices and rising inflation in the emerging markets.
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| Growth & Income Stock: Union Pacific Corporation Posted: 19 Dec 2011 11:05 PM PST Union Pacific Corporation (NYSE:UNP) recently posted record financial results for the third quarter of 2011, beating the Zacks Consensus Estimates on both the top and bottom lines.
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| Momentum Stock: Pier 1 Imports, Inc. Posted: 19 Dec 2011 11:05 PM PST Pier 1 Imports, Inc. (PIR) is up more than 50% in the last three months after rallying with the market in October and posting strong Q3 results in mid December that included a big gain from last year. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a solid pick for momentum.
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| Posted: 19 Dec 2011 09:25 PM PST Ratings agency Fitch has misgivings about Europe's ability to tackle the sovereign debt crisis. Moody's, a division of Moody's Corporation (NYSE:MCO) and Standard & Poor's had earlier warned about the failing economic health of the European Union (EU) worsened by the indecision of the political class to address the crisis.
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| Shorting Treasuries: Conventional Wisdom Gone Awry Posted: 19 Dec 2011 08:25 PM PST One of the perplexing aspects of the monetary and fiscal issues around the world (especially here in the US) has been the absence of inflation and the strength of the $US. In "Short TLT Rather Than Be Long TBT" (January … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Bolsters On Global Greenback Selloff Posted: 19 Dec 2011 07:54 PM PST Forexpros – The pound strengthened against the dollar in early Asian trading Tuesday as investors sold dollars amid global profit-taking after the greenback surged on news that North Korean leader Kim Jong il had died. GBP/USD was trading at 1.5522, up 0.15%, a session high after dipping to 1.5497. The pair was likely to test support at 1.5466 and resistance at 1.5545, the low and high prices from Monday, respectively. The pound was weaker against the dollar in earlier trading on Monday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Drops As Asian Stocks Rise Posted: 19 Dec 2011 07:23 PM PST Forexpros – The dollar was largely weaker against other major currencies Tuesday after investors sold their greenback positions to return to Asian equities markets, which plummeted on news that North Korean leader Kim Jong il had passed away over the weekend. Residuals fears that Europe is still far from revolving its debt crisis have kept the greenback strong against European currencies, although profit-taking on Tuesday reversed that trend. Furthermore, European Central Bank President … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Usd/hkd Bounces Off The 61.8% Retracement Posted: 19 Dec 2011 07:18 PM PST usd/hkd bounces off the 61.8% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDHKD Appreciation Defended Posted: 19 Dec 2011 07:18 PM PST The USDHKD pairs appreciation continues to be defended by the 100 day moving average. However a break above on global demand concerns / further USD strength could bring a test of long-term trendline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Climb As North Korean Fears Ebb; Nikkei Up 0.62% Posted: 19 Dec 2011 06:31 PM PST Forexpros – Asian stock markets rose Tuesday, reversing Monday’s heavy selloff stemming from the death of North Korean leader Kim Jong il. During morning Asian trading, Hong Kong’s Hang Seng Index was up 0.70%, Australia’s S&P/ASX200 was up 0.19%, while Japan's Nikkei 225 Index was up 0.62%. On Monday, reports out of North Korea that the country’s former leader Kim Jong il had died sparked a selloff amid a fear-based flight to ditch equities and dash for the safety of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Firm As Europe Misses IMF Fund Target Posted: 19 Dec 2011 05:54 PM PST Forexpros – Gold prices rose Tuesday, as investors snapped up the precious metal on news that European government finance officials missed a goal to allocate EUR200 billion to an International Monetary Fund emergency fund. The group managed to muster up EUR150 billion, but coming up short renewed fears the continent is far from resolving the crisis and will run into problems firewalling the problem. The group had originally planned to stash EUR200 billion in IMF lending facilities, although … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Firm As Dollar Demand Eases Posted: 19 Dec 2011 05:32 PM PST Forexpros – Crude oil futures rose in Asian trading Tuesday as a rush to the dollar surging in wake of North Korean leader Kim Jong il’s death eased a bit, giving investors room to snap up attractively priced oil positions. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD94.51 a barrel early in the session, up 0.49%. The commodity hit a session high of USD94.77 and a low of 94.03 so far on Tuesday. News of Jong il’s death sparked a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Firms As Markets Temper ECB Comments Posted: 19 Dec 2011 05:10 PM PST Forexpros – The euro gained against the greenback on Tuesday, correcting upward after a selloff stemming from European Central Bank President Mario Draghi’s weekend refusals to intervene in the debt crisis showed signs of easing. EUR/USD hit 1.3011 in early Asian trading, up 0.10% after briefly hitting a session high of 1.3015 and well above a session low of 1.2994. The pair was likely to find support at 1.2983, Monday’s low, and resistance at 1.3041. Monday’s high. Over the weekend, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 03:58 PM PST 12/19/11 Saab filed for bankruptcy, after last ditch efforts to save the automaker failed. The Swedish carmaker has been trying to stay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 12:26 AM PST I have been quite bearish in these pages lately. As an antidote and to help me think critically, I outline what could go right for the markets in 2012, along with the risks: The coordinated central bank liquidity injection of November 30 has taken a Lehman-like event off the table.
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