DailyMarkets.com - U.S. Futures Higher Ahead Of Fed Statement; Dow Jones Up 0.49%

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• U.S. Futures Higher Ahead Of Fed Statement; Dow Jones Up 0.49%
• Wheat Futures Rebound After Australia Cuts Export Outlook
• Forex – Euro Steady After ZEW But Downgrade Fears Weigh
• Forex – EUR/GBP Erases Losses After ZEW But Remains Vulnerable
• Forex – USD/CHF Steady On E.Z. Downgrade Threats
• Copper Futures Steady Following Previous Day’s Rout
• German ZEW Economic Sentiment Improves Unexpectedly
• Forex – Dollar Steady As Downgrade Fears Weigh Euro
• U.K. Consumer Price Inflation Eases In Line With Expectations
• European Stocks Mixed On Downgrade Concerns; DAX Up 0.04%
• Crude Oil Futures Steady Ahead Of Fed, OPEC Meetings
• Forex – GBP/USD Higher Ahead Of Fed Rate Decision
• Gold Futures Trade At 7-week Low On EU Jitters
• Forex – USD/JPY Lower As Markets Eye Fed Statement
• Forex – NZD/USD Edges Higher But Gains Limited
• Forex – AUD/USD Steady Amid Ongoing E.Z. Worries
• Asia Stocks Lower As EU Fears Weigh; Nikkei Down 1.2%
• Forex – EUR/USD At 2-month Low On Downgrade Fears
• Growth & Income Stock: Interpublic Group Of Companies, Inc.
• Bull Of The Day: Spectra Energy Corp. (SE)
• Bear Of The Day: Citi Trends, Inc. (CTRN)
• Momentum Stock: NewMarket Corp.
• Aggressive Growth Stock: Kforce, Inc
• Bank Of Mozambique Drops Rate 100bps To 15.00%
• Singapore Stock Market Update For Tuesday 13 December
• Forex – USD/JPY Drops As Greenback Rally Ebbs
• Asia Stocks Sink On Coattails Of European Meltdown; Nikkei Down 1.45%
• Forex – Dollar Firms As Gold, Euro Slide
• Crude Oil Futures Dip On Revived European Meltdown Fears
• Gold Futures Dip As Bottom-fishing Buying Eases
• Daily FTSE Technical Update

U.S. Futures Higher Ahead Of Fed Statement; Dow Jones Up 0.49% Posted: 13 Dec 2011 03:51 AM PST Forexpros – U.S. stock futures pointed to a higher open on Tuesday, as markets eyed the Federal Reserve's rate decision later in the day amid concerns over mass euro zone downgrades. Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.49%, S&P 500 futures signaled a 0.63% increase, while the Nasdaq 100 futures indicated a 0.49% gain. Moody’s said Monday it would review ratings of all European Union member states in the first quarter of 2012, while Fitch … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wheat Futures Rebound After Australia Cuts Export Outlook Posted: 13 Dec 2011 03:36 AM PST Forexpros – Wheat futures regained strength on Tuesday, rising for the first time in five days after Australia lowered its forecast for agricultural-export earnings, easing concerns over increasing competition for U.S. supplies. On the Chicago Mercantile Exchange, wheat futures for March delivery traded at USD5.9912 a bushel during European morning trade, gaining 0.69%. It earlier rose by as much as 0.8% to trade at a daily high of USD5.9962 a bushel. The Australian Bureau of Agricultural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Steady After ZEW But Downgrade Fears Weigh Posted: 13 Dec 2011 03:03 AM PST Forexpros – The euro steadied against its major counterparts on Tuesday, consolidating after Monday's steep losses as an unexpected improvement in German economic sentiment lent support, but fears over sovereign ratings downgrades continued to weigh. During European late morning trade, the euro edged higher against the U.S. dollar, with EUR/USD inching up 0.07% to hit 1.3197. The ZEW Centre for Economic Research said that its index of German economic sentiment rose for the first time in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Erases Losses After ZEW But Remains Vulnerable Posted: 13 Dec 2011 02:46 AM PST Forexpros – The euro erased losses against the pound on Tuesday, after a report showed that German economic sentiment improved unexpectedly, but the single currency remained vulnerable as Italian borrowing costs rose. EUR/GBP pulled back from 0.8442, the pair's lowest since February 23, to hit 0.8468 during European morning trade, edging up 0.08%. The pair was likely to find support at 0.8442, the session low and resistance at 0.8503, the high of March 2. The ZEW Centre for Economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Steady On E.Z. Downgrade Threats Posted: 13 Dec 2011 02:38 AM PST Forexpros – The U.S. dollar was almost unchanged against the Swiss franc on Tuesday, swinging between small gains and losses as concerns over a series of potential downgrades in the euro zone supported safe haven demand. USD/CHF hit 0.9388 during European morning trade, the pair's highest since February 23; the pair subsequently consolidated at 0.9363, edging down 0.08%. The pair was likely to find support at 0.9246, Monday's low and resistance at 0.9440, the high of February 2. Rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Steady Following Previous Day’s Rout Posted: 13 Dec 2011 02:21 AM PST Forexpros – Copper futures traded in a tight range on Tuesday, hovering close to the previous session's two-week low as concerns over the possibility of a mass downgrade of euro zone sovereign debt continued to weigh on market sentiment. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.467 a pound during European morning trade, easing up 0.1%. The March copper contract traded between a range of USD3.469, the daily high and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German ZEW Economic Sentiment Improves Unexpectedly Posted: 13 Dec 2011 02:14 AM PST Forexpros – German economic sentiment improved unexpectedly in December, rebounding from the lowest level since November 2008, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment improved by 1.4 points to minus 53.8 in December, up from last month's three-year low of minus 55.2. The index rose for the first time in ten months. Analysts had expected the index to deteriorate by 0.6 points to minus 55.8 in December. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Steady As Downgrade Fears Weigh Euro Posted: 13 Dec 2011 01:50 AM PST Forexpros – The U.S. dollar was steady against its major counterparts on Tuesday, as sentiment on the euro continued to be weighed by fears over ratings downgrades after European leaders failed to produce concrete plans to tackle the debt crisis in the region. During European morning trade, the dollar inched higher against the euro, with EUR/USD dipping 0.05% to hit 1.3183. On Monday, ratings agency Moody’s said it would review ratings of all European Union member states in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Consumer Price Inflation Eases In Line With Expectations Posted: 13 Dec 2011 01:40 AM PST Forexpros – Consumer price inflation in the U.K. eased in line with expectations in November, declining for the second consecutive month, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said the rate of consumer price inflation decelerated to 4.8% in November from 5.0% in October, broadly in line with market expectations. U.K. consumer prices have eased for two consecutive months since hitting a record-high 5.2% in September. Month-over-month, consumer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed On Downgrade Concerns; DAX Up 0.04% Posted: 13 Dec 2011 01:26 AM PST Forexpros – European stock markets were mixed on Tuesday, as investors remained cautious amid fears of mass euro zone downgrades and sustained concerns over the region's debt crisis. During European morning trade, the EURO STOXX 50 retreated 0.13%, France's CAC 40 declined 0.25%, while Germany's DAX 30 rose 0.04%. Rating agencies warned on Monday that last week’s European Union summit did not go far enough in easing immediate concerns about the region’s debt woes. Moody's said it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Steady Ahead Of Fed, OPEC Meetings Posted: 13 Dec 2011 01:13 AM PST Forexpros – Crude oil futures traded in a tight range on Tuesday, hovering just above a two-week low as markets awaited the Federal Reserve's rate decision later in the day and amid caution ahead of Wednesday's OPEC meeting in Vienna. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.91 a barrel during European morning trade, edging 0.14% higher. The January crude contract traded between a range of USD97.65, the daily low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Higher Ahead Of Fed Rate Decision Posted: 13 Dec 2011 12:45 AM PST Forexpros – The pound was higher against the U.S. dollar on Tuesday, as market sentiment improved ahead of the Federal Reserve's rate decision later in the day but gains were capped by sustained concerns over the euro zone's debt crisis. GBP/USD hit 1.5626 during European morning trade, the daily high; the pair subsequently consolidated at 1.5602, rising 0.11%. Cable was likely to find support at 1.5525, the low of November 30 and resistance at 1.5716, the high of December 5. Rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Trade At 7-week Low On EU Jitters Posted: 13 Dec 2011 12:26 AM PST Forexpros – Gold futures extended sharp losses from the previous session on Tuesday, tumbling to a seven-week low as the prospect of mass downgrades of European sovereign ratings prompted investors to liquidate profitable gold positions and raise liquidity. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,661.45 a troy ounce during early European morning trade, slumping 0.4%. It earlier fell by as much as 0.75% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower As Markets Eye Fed Statement Posted: 13 Dec 2011 12:20 AM PST Forexpros – The U.S. dollar was lower against the yen on Tuesday, as investors eyed the Federal Reserve's rate decision later in the day amid concerns over mass euro zone downgrades. USD/JPY hit 77.84 during early European trade, the daily low; the pair subsequently consolidated at 77.71, declining 0.28%. The pair was likely to find support at 77.45, the low of November 28 and resistance at 78.09, the high of December 5. Rating agencies warned on Monday that last week’s European Union … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Edges Higher But Gains Limited Posted: 13 Dec 2011 12:06 AM PST Forexpros – The New Zealand dollar edged higher against its U.S. counterpart on Tuesday, but gains were limited as risk-related currencies remained under pressure amid concerns over the handling of the euro zone's debt crisis. NZD/USD hit 0.7652 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7651, gaining 0.26%. The pair was likely to find support at 0.7551, the low of November 18 and resistance at 0.7722, the high of November 16. Market sentiment was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Steady Amid Ongoing E.Z. Worries Posted: 12 Dec 2011 11:57 PM PST Forexpros – The Australian dollar was almost unchanged against its U.S. counterpart on Tuesday, as investors remained concerned over the handling of the debt crisis in the euro zone after last week's summit. AUD/USD hit 1.0107 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0101, inching up 0.28%. The pair was likely to find support at 0.9972, the low of November 17 and resistance at 1.0183, the high of November 16. Market sentiment was hit after rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Lower As EU Fears Weigh; Nikkei Down 1.2% Posted: 12 Dec 2011 11:46 PM PST Forexpros – Asian stock markets were broadly lower on Tuesday, as growing fears over the possibility of a mass downgrade of euro zone sovereign debt prompted investors to shun riskier assets. During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.8%, Australia's S&P/ASX200 tumbled 1.4%, while Japan's Nikkei 225 Index fell 1.2%. Optimism over last week's European Union summit faded after Moody's said the meetings failed to deliver "decisive policy measures" to end the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD At 2-month Low On Downgrade Fears Posted: 12 Dec 2011 11:33 PM PST Forexpros – The euro was hovering close to a two-month low against the U.S. dollar on Tuesday, as concerns over mass euro zone downgrades weighed but the single currency found support ahead of the Federal Reserve's rate decision later in the day. EUR/USD hit 1.3161 during late Asian trade, the pair's lowest since October 4; the pair subsequently consolidated at 1.3171, easing down 0.11%. The pair was likely to find short-term support at 1.3144, the low of October 4 and a 10-month low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Interpublic Group Of Companies, Inc. Posted: 12 Dec 2011 11:00 PM PST Investors worried about a slowdown in the U.S. economy late last summer sold off Interpublic Group of Companies, Inc. (NYSE:IPG) very heavily, as advertising is one of the more cyclical industries out there. But the company delivered very strong third quarter results, prompting analysts to raise their estimates for both 2011 and 2012. The share price hasn’t fully recovered, however, leading to some compelling valuations. Interpublic Group of Companies, Inc. is one of the big four global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Spectra Energy Corp. (SE) Posted: 12 Dec 2011 11:00 PM PST We maintain our Outperform recommendation for Spectra Energy Corp. (NYSE:SE) shares following better-than-expected third quarter 2011 results. The outperformance was driven by strong growth from expansion projects, higher commodity prices and a stronger Canadian dollar. With third-quarter results showing an improvement, management remains optimistic about the company’s performance going forward and looks to deliver or exceed its full-year earnings per share forecast of $1.65. It also remains … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Citi Trends, Inc. (CTRN) Posted: 12 Dec 2011 11:00 PM PST Citi Trends, Inc. (NASDAQ:CTRN) falling comparable store sales, coupled with rising operating expenses battered the third-quarter 2011 results. The company incurred a quarterly loss of $0.38 per share that broadened from the prior-period loss of $0.03. The Zacks Consensus Estimate for the quarter was a loss of $0.37 per share. Further, due to uncertainty hovering around sales given the global economic unrest, the company rolled back its earnings guidance range of $1.25 to $1.35 per share for fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: NewMarket Corp. Posted: 12 Dec 2011 11:00 PM PST NewMarket Corp. (NEU) continues to trade strong, recently jumping into a new all-time high after reporting another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a solid momentum pick out of the chemical sector. Company Description NewMarket Corp, through its subsidiaries, operates as a petroleum additives company in the United States and internationally. The company was founded in 1887 and has a market cap of $2.6 billion. Chemical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Kforce, Inc Posted: 12 Dec 2011 11:00 PM PST Kforce (NASDAQ:KFRC) is a Zacks #1 Rank (Strong Buy) thanks to upward revisions following its November earnings release. Growth rates are rising but you can still get shares of KFRC at a good price. Company Description Kforce is a professional staffing company that serves a broad range of industries. The company’s 63 offices in U.S. work with technology, finance & accounting, and health and life science companies. Kforce also has 1 office in the Philippines. Good Quarter, Solid Demand On Nov 1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Mozambique Drops Rate 100bps To 15.00% Posted: 12 Dec 2011 10:57 PM PST The Bank of Mozambique dropped its standing facility lending interest rate by 100 basis points to 15.00% from 16.00% previously.  The Bank also reduced the required reserve ratio by 25bps to 8.5% from 7 Jan 2012.  The Bank said [translated]: “The Monetary Policy Committee considers it important to consolidate the results macroeconomic obtained until now, through the continuous enhancement of policy coordination and determination of policy instruments used to regulate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Tuesday 13 December Posted: 12 Dec 2011 09:38 PM PST Asian shares slides, with exporters and technology firms putting in a weak performance. Stocks in the US market decline after Moody’s Investors Service said it would review the ratings of euro area countries. We did mention before that market is likely to be choppy and we do expect wild swing from the US market. 2800 is a strong resistance level. As market is more biased on the downside, we see resistance level at 2750 as well. Market gaps down and trades below 2700. If 2700 cannot be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Drops As Greenback Rally Ebbs Posted: 12 Dec 2011 08:06 PM PST Forexpros – The dollar dipped against the yen on Tuesday, as investors sold the greenback after it soared amid fresh European jitters and also on better than expected budget data out of Washington. USD/JPY hit 77.85 during early Asian trading, down 0.11% and just up from a session low of 77.84 and off from a high of 77.97. The pair was likely to test support at 77.14, Thursday's low, and resistance at 78.00, Monday's high. In Japan, the country’s tertiary industry activity index, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Sink On Coattails Of European Meltdown; Nikkei Down 1.45% Posted: 12 Dec 2011 07:35 PM PST Forexpros – Asian stock markets plummeted Tuesday as investors sold and fled risk, bolting to safer assets such as U.S. Treasury bills in line with their U.S. and European counterparts. During early Asian trading, Hong Kong’s Hang Seng Index was down 1.26%, Australia’s S&P/ASX200 was down 1.49%, while Japan's Nikkei 225 Index plummeted 1.45%. After drawing an initial applause, a European economic summit Friday quickly became the target for criticism among market watchers, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Firms As Gold, Euro Slide Posted: 12 Dec 2011 06:37 PM PST Forexpros – The dollar firmed in Asian trading Tuesday as investors ran to the greenback for safety in wake of a warning flag raised by Moody’s Investors Service that a recent E.U. summit failed to handle Europe’s immediate crisis, which pummeled the euro. In Europe on Friday, 26 eurozone countries agreed on the need for greater economic integration while allocating EUR200 billion to the International Monetary Fund to help firewall the crisis to Greece, Italy, Spain and other periphery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Dip On Revived European Meltdown Fears Posted: 12 Dec 2011 05:56 PM PST Forexpros – Crude oil futures softened in early Asian trading Tuesday, extending losses from earlier European and U.S. sessions on fears that Europe’s debt crisis was far from abating, while Chinese trade figures suggested the Asian economic giant may still be in a cooling-off phase. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.69 a barrel in early Asian trading, down 0.08%. The commodity dipped to USD97.65 a barrel earlier in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Dip As Bottom-fishing Buying Eases Posted: 12 Dec 2011 05:24 PM PST Forexpros – Gold prices were slightly lower Tuesday, erasing earlier gains as investors snapped up nicely priced gold positions after a rush to the dollar in U.S. and European sessions pummeled the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,667.45 a troy ounce during Asian trading, down 0.04% after shooting down by more than 3% in U.S. and European sessions. Gold futures were likely to find short-term support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 12 Dec 2011 07:01 AM PST By ForexMansion.com By, James A. Hyerczyk Pressure is once again mounting on the global stock indices as traders appear to have thrown in the towel on the long-side of the equation. After making its final top at 5631.90 late last week, the index has embarked on a series of lower-tops and lower-bottoms. This type of formation often leads to a sharper break that looks like a cascade. The current sideways action is indicative of a distributive chart pattern. This is an indication that bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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