Thursday, January 19, 2012

DailyMarkets.com - Forex – EUR/GBP Holds Gains After Euro Zone Bond Auctions

DailyMarkets.com - Forex – EUR/GBP Holds Gains After Euro Zone Bond Auctions


Forex – EUR/GBP Holds Gains After Euro Zone Bond Auctions

Posted: 19 Jan 2012 02:40 AM PST

Forexpros – The euro held gains against the pound on Thursday, as Spain saw borrowing costs rise following an auction of government debt, while negative comments from ratings agency Fitch held the single currency in check.

EUR/GBP hit 0.8356 during European morning trade, the session high; the pair subsequently consolidated at 0.8346, gaining 0.20%.

The pair was likely to find support at 0.8303, Wednesday's low and resistance at 0.8376, the high of January 13.

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


Copper Futures Rally To 4-month High On China Easing Signals

Posted: 19 Jan 2012 02:10 AM PST

Forexpros – Copper futures rallied for the fourth consecutive day on Thursday, trading at the highest level since mid-September after a capital injection by the Chinese central bank into money markets fuelled speculation of further easing measures by the world's top copper consumer.

On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.806 a pound during European morning trade, rallying 1.43%.

It earlier rose by as much as 1.75% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Slips Lower As Sentiment Improves

Posted: 19 Jan 2012 01:59 AM PST

Forexpros – The U.S. dollar slipped lower against the Swiss franc on Thursday, as market sentiment slightly improved amid optimism over fresh talks on Greece and ahead of euro zone bond auctions later in the day.

USD/CHF hit 0.9362 during European morning trade, the pair's lowest since January 4; the pair subsequently consolidated at 0.9374, slipping 0.18%.

The pair was likely to find support at 0.9266, the low of December 22 and resistance at 0.9448, the high of January 4.

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


Dear Retail Investor, Time See Whos Blowing Hot Air

Posted: 19 Jan 2012 01:55 AM PST

A cycle we watch to judge risk on and off, suggest to us that all is not well with the current market rally. Retail investors need to heed those that are blowing hot air.

Previous post : Sector trends reveal market strength

1) Stock market bull cycle favors SPDR sectors: Basic Materials(XLB), Industrials(XLI), Technology(XLK)

2) Stock market bear cycle favors SPDR sectors: Utilities(XLU), Consumer Staples(XLI), Health Care(XLV)

At readtheticker.com we have combined the above into two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed Vs. Rivals, European Auctions Eyed

Posted: 19 Jan 2012 01:33 AM PST

Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, as markets were jittery ahead of French and Spanish bond auctions later in the day while fresh Greece bailout talks also continued.

During European morning trade, the dollar was lower against the euro, with EUR/USD up 0.10% to hit 1.2877.

France was preparing to raise as much as EUR9.5 billion euros in its first sale of medium and long-term debt after Standard & Poor's downgraded its triple A rating last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Gains Ahead Of U.S. Supply Report, Greece Talks Eyed

Posted: 19 Jan 2012 01:16 AM PST

Forexpros – Crude oil futures rose on Thursday, after industry data showed a surprise drop in U.S. crude supplies, while investors continued to focus on developments surrounding the euro zone's ongoing sovereign debt crisis and a potential disruption Iranian oil exports.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD101.70 a barrel during European morning trade, climbing 0.93%.

It earlier rose by as much as 1.05% to trade at a daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Zone Current Account Deficit Narrows Less Than-expected

Posted: 19 Jan 2012 01:14 AM PST

Forexpros – The euro zone's current account narrowed less-than-expected in November, official data showed on Thursday.

In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted deficit of EUR1.8 billion in November, narrowing from a deficit of EUR6.6 billion in October, whose figure was revised from a EUR7.5 billion deficit.

Economists had expected the region's current account to swing to a surplus of EUR0.5 billion in November.

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


Forex – GBP/USD Ticks Higher As Risk Appetite Improves

Posted: 19 Jan 2012 01:03 AM PST

Forexpros – The pound ticked higher against the U.S. dollar on Thursday, amid hopes that Greece will make headway in talks aimed at averting a default and the International Monetary Fund will enlarge its lending resources to contain the effects of Europe's debt crisis.

GBP/USD hit 1.5454 during European morning trade, the session high; the pair subsequently consolidated at 1.5442, inching up 0.02%.

Cable was likely to find support at 1.5326, Wednesday's low and resistance at 1.5500, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Mixed Ahead Of Debt Auctions; DAX Up 0.10%

Posted: 19 Jan 2012 12:51 AM PST

Forexpros – European stock markets were mixed to higher, as markets eyed French and Spanish debt auctions later in the day and waited for signs of progress in fresh Greece bailout talks.

During European morning trade, the EURO STOXX 50 rose 0.29%, France's CAC 40 advanced 0.54%, while Germany's DAX 30 edged up 0.10%.

France was preparing to raise as much as EUR9.5 billion euros in its first sale of medium and long-term debt after Standard & Poor's downgraded its triple A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Close To 5-week High Ahead Of Greece Talks, Bond Sales

Posted: 19 Jan 2012 12:34 AM PST

Forexpros – Gold futures edged higher on Thursday, trading close to the highest level since mid-December as investors continued to focus on developments surrounding the euro zone's ongoing sovereign debt crisis.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,664.05 a troy ounce during early European morning trade, adding 0.25%.

It earlier rose by as much as 0.35% to trade at a session high USD1,666.65 a troy ounce, just below a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Lower Ahead Of French, Spanish Bond Sales

Posted: 19 Jan 2012 12:21 AM PST

Forexpros – The U.S. dollar was lower against the yen on Thursday, as investors awaited the results of French and Spanish government bond auctions later in the day amid ongoing concerns over the euro zone's debt crisis.

USD/JPY hit 76.72 during late Asian trade, the daily low; the pair subsequently consolidated at 76.76, retreating 0.08%.

The pair was likely to find support at 76.64, the low of January 18 and resistance at 76.90, the high of January 10.

France was preparing to raise as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Slides, European Bond Auctions In Focus

Posted: 19 Jan 2012 12:12 AM PST

Forexpros – The New Zealand dollar slid against its U.S. counterpart on Thursday, as markets eyed French and Spanish debt auctions later in the day amid sustained concerns over the financial crisis in the euro zone.

NZD/USD hit 0.8008 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8015, shedding 0.35%.

The pair was likely to find support at 0.7929, the low of January 17 and resistance at 0.8077, the high of October 25.

France was preparing to raise as much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Lower After Australian Employment Data

Posted: 19 Jan 2012 12:03 AM PST

Forexpros – The Australian dollar was lower against its U.S. counterpart on Thursday, following downbeat Australian employment data while investors eyed Spanish and French bond sales later in the day.

AUD/USD hit 1.0373 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0385, shedding 0.47%.

The pair was likely to find support at 1.0301, the low of January 17 and resistance at 1.0496, the high of October 25.

Official data showed earlier that Australian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Broadly Higher On China Easing, IMF Hopes

Posted: 18 Jan 2012 11:49 PM PST

Forexpros – Asian stock markets were broadly higher on Thursday, as appetite for riskier assets improved after a capital injection by the Chinese central bank into money markets and amid hopes the International Monetary Fund will boost its lending capacity.

During late Asian trade, Hong Kong’s Hang Seng Index rallied 1.2% Australia's S&P/ASX200 dipped 0.1%, while Japan's Nikkei 225 Index jumped 1.04%.

Market sentiment was buoyed by reports that the IMF was seeking to boost its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of Georgia Cuts Rate 25bps To 6.50%

Posted: 18 Jan 2012 11:48 PM PST

The National Bank of Georgia reduced its benchmark refinancing interest rate by 25 basis points to 6.50% from 6.75%.  The Bank said: “Existing forecasts indicate that given the unchanged policy stance, the inflation rate will remain below the target. Hence the Monetary Policy Committee of the NBG considered it appropriate to continue easing the monetary policy and decided to decrease the refinancing rate by 25 basis points. The National Bank of Georgia considers that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Steady As Greece, Bond Auctions Eyed

Posted: 18 Jan 2012 11:32 PM PST

Forexpros – The euro was steady against the U.S. dollar on Thursday, as investors eyed government debt auctions by Spain and France later in the day, while talks aimed at restructuring Greece's debts also remained in focus.

EUR/USD hit 1.2878 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 1.2856, dipping 0.05%.

The pair was likely to find support at 1.2733, Wednesday's low and short-term resistance 1.2878, the session high.

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


Australian Employment Change Declines Unexpectedly

Posted: 18 Jan 2012 11:27 PM PST

Forexpros – Australian employment change declined unexpectedly in December, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian employment change fell by a seasonally adjusted 29,300 in December, confounding expectations for a gain of 10,000.

November's figure was revised to a drop of 7,500 from a previously reported 6,300 decline.

The report also showed that Australia's unemployment rate held steady at 5.2%, compared to expectations for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Brazil Central Bank Cuts Selic Rate 50bps To 10.50%

Posted: 18 Jan 2012 11:14 PM PST

The Banco Central Do Brasil cut the Selic interest rate by another 50 basis points to 10.50% from 11.00% previously.  In its statement, Brazil’s Central Bank Monetary Policy Committee (Copom) said [translated]: “The Monetary Policy Committee believes that the timely mitigate the effects coming from a more restrictive global environment, a moderate adjustment in the level of the base rate is consistent with the scenario of convergence of inflation to the target in 2012.”
Brazil’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: Lamar Advertising Co. (LAMR)

Posted: 18 Jan 2012 11:05 PM PST

Lamar Advertising Co. (NASDAQ:LAMR) reported quite an improvement in the third quarter results with earnings per share of $0.04, exceeding the year-ago reported earnings of $0.01. Net revenue jumped 3.2% y/y and exceeded management’s guidance by 1.3%. Moreover, the company’s debt level plummeted in the quarter, bringing down the interest expense by 6.2%.
Accounting for these positive factors and anticipating further improvements in the advertising market in 2012 in the backdrop of reviving US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Calavo Growers, Inc.

Posted: 18 Jan 2012 11:05 PM PST

Estimates have been rising for Calavo Growers, Inc. (NASDAQ:CVGW) after the company delivered better than expected results for its fiscal fourth quarter. And management stated that it expects 2012 to be a record year for the company.
It is a Zacks #1 Rank (Strong Buy) stock.
On top of strong growth, the company pays a dividend that yields a solid 2.0%.
The Avocado Kings
Calavo Growers, Inc. engages in the procurement and marketing of avocados and other perishable foods and the preparation and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: BrightPoint Inc.

Posted: 18 Jan 2012 11:05 PM PST

Brightpoint, Inc. (NASDAQ:CELL)
The future of global communication and culture is without cords and boundaries.  Wireless technologies are changing the way we live, work and play.  Companies like Apple, Motorola, Samsung, Sandisk, Lenovo, Plantronics and many more are creating products that influence everything we do as a society.  Brightpoint is a necessary catalyst for their continued success and in turn reaps serious rewards from growth in the entire space.
Company Description … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: HDFC Bank, Ltd.

Posted: 18 Jan 2012 11:05 PM PST

HDFC Bank’s (NYSE:HDB) higher operating expenses were the headwind in the company’s most recently reported quarter. The company is still exposed to threats related to higher cost of funds. Growing competition in the retail space with the re-entry of peers is an added future concern.
Our six-month target price of $25.00 per ADS equates to about 22.3x our earnings estimate for fiscal 2012. This target price implies an expected negative total return of 7.6% over that period. This is consistent with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: Pool Corp.

Posted: 18 Jan 2012 11:05 PM PST

POOL Corp (POOL) is heating up despite the cold temperatures. The stock is a Zacks #1 Rank (Strong Buy).
Company Description
Pool Corporation operates as a wholesale distributor of swimming pool supplies, equipment, and related leisure products. It also distributes irrigation and landscape products. The company offers approximately 160,000 national brand and its own-branded products.
Earnings Surprises in 5 of the last 6 quarters
POOL has beat the Zacks Consensus Estimate in five of the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Dips On Surprising Jobless Data

Posted: 18 Jan 2012 07:48 PM PST

Forexpros – The Australian dollar fell against its U.S. counterpart after surprisingly bad unemployment numbers hit the wire Thursday.

AUD/USD hit 1.0400 Thursday in Asian trading, down 0.33% and up from a session low of 1.0377 and off from a high of 1.0435.

The pair was likely to find support 1.0320, Tuesday’s low, and resistance at 1.0450, Tuesday’s high.

The Australian government reported the economy shed 29,300 jobs in December, much worse than forecasts for a gain of 10,000 jobs.

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


4 Hour Dollar Chart Reveals Imminent SP-500 Correction

Posted: 18 Jan 2012 07:24 PM PST

I was looking at the US Dollar Index ($DXY) 4 hour chart this evening with my favorite True Strength Index (TSI) indicator set to (7,4) and I began to notice the occasional but very severe down spikes in the TSI over the past 8-9 months. These unusually severe readings are, of course, temporary periods in time when the US Dollar Index has come under extreme selling pressure and downward momentum is incredibly and unsustainably intense.

But just looking at this chart really did not tell me … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Retracing Back To The 38.2% After Breakout

Posted: 18 Jan 2012 07:18 PM PST

usd/hkd retracing to the 38.2% level after breaking out of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/cnh Finally Break Through The Bottom Of This Wedge.

Posted: 18 Jan 2012 07:18 PM PST

usd/cnh finally break through the bottom of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Erases Losses As Euro Buys Ease

Posted: 18 Jan 2012 07:15 PM PST

Forexpros – The dollar strengthened in Asian trading on Thursday, erasing losses sustained after investors sold the greenback to buy the euro and other assets in wake of the International Monetary Fund’s plans to expand its lending capacity by $500 billion.

Hopes that Greece will work out a deal with private creditors to restructure its obligations also convinced investors to tip-toe out of the safety of the dollar and buy euro-denominated and other assets worldwide, although the dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Rise On European Optimism; Nikkei Up 1.25%

Posted: 18 Jan 2012 06:36 PM PST

Forexpros – Asian stock markets rose in early Thursday trading, buoyed on reports that the International Monetary Fund is seeking to boost its lending capacity by $500 billion to help fight the European debt crisis.

The news, coupled with hopes Greece is close to working out a restructuring deal with its private creditors, rekindled optimism that even though there is no end in sight to the European debt crisis, there is hope such an end might appear on the horizon soon.

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


AMGN: The Ship For Sailing The Coming Biotech Tsunami

Posted: 18 Jan 2012 06:00 PM PST

Since the beginning of the year, I've featured three different Industry Groups that look to have some potential including: Financials; Big Pharma; Cement, Concrete and Aggregate.  Another that has been in the top of the rankings for at least the … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Rises As IMF Mulls More Lending Capacity

Posted: 18 Jan 2012 05:58 PM PST

Forexpros – Gold prices rose on Thursday after reports emerged that the International Monetary Fund was considering boosting its lending capacity by as much as $500 billion should troubled European nations need more financing.

The news sent the euro firming and the dollar weakening, and a weaker dollar is often bullish for the yellow metal.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,662.35 a troy ounce, up 0.15%.

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


No Solution

Posted: 18 Jan 2012 05:26 PM PST

In “On Borrowed Time,” Barron’s columnist Randall Forsyth further undermines the notion that persistent public profligacy can solve our problems:
Heavy debt loads slow the U.S. economy now and pose threat to the future.
Can a stimulant become a depressant? As with alcohol, government borrowing and spending initially can give a boost, but later becomes a drag. America has hit the downside of that progression.
So says Lacy H. Hunt, chief economist of Hoisington Investment Management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Climbs On China Optimism

Posted: 18 Jan 2012 05:23 PM PST

Forexpros – Crude oil futures rose early Thursday as investors snapped up the commodity on hopes for an end to the European debt crisis as well as sentiments China is avoiding a hard landing.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD101.44 a barrel, up 0.68%.

The commodity hit an earlier session high of USD101.74 and a low of USD101.08.

Reports emerged that the International Monetary Fund was planning to hike its lending capacity by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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