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- Forex Trading: EUR/USD At Lowest Level Since September 14, 2010.
- Forex – Euro Adds To Losses After French Bond Sale
- Copper Futures Add To Losses After French Debt Sale
- Euro Zone Industrial New Orders Rise Less-than-expected
- Crude Oil Set To Follow S&P 500 Lower, Gold Outlook Turns Clouded
- U.K. Services PMI Rises To 5-month High In December
- Forex – Dollar Strengthens As EZ Fears Spur Safe Haven Demand
- Crude Oil Eases Off 8-month High Ahead Of French Auction
- Forex – GBP/USD Down As Euro Funding Fears Hit Risk Appetite
- European Stocks Lower On Sustained Debt Worries; DAX Down 0.48%
- Gold Regains Safe-haven Status, Extends Rally To 2-week High
- Forex – USD/JPY Edges Higher Amid Euro Zone Concerns
- Forex – NZD/USD Edges Lower As Markets Eye French Auction
- Forex – AUD/USD Lower Ahead Of French Bond Auction
- Asia Stocks Mostly Lower On EU Concerns; Nikkei Falls 0.8%
- Forex – EUR/USD Near 16-month Trough As French Auction Eyed
- German Retail Sales Drop Unexpectedly In November
- Growth & Income Stock: Hawaiian Electric Industries, Inc.
- Momentum Stock: Fastenal Co.
- Bear Of The Day: ReneSola Ltd.
- Bull Of The Day: Raven Industries (RAVN)
- Aggressive Growth Stock: Alliance Data Systems Corp
- The Decline Of The Public Good
- Forex – EUR/JPY Drops Ahead Of French Bond Sale
- Forex Trading: Usd/cnh Continue To Test The Lows.
- Forex Trading: Usd/hkd Hanging Around Recent Lows
- Forex Trading: USDCNH Continuing Lower?
- Forex – Dollar Firms In Role As Safe Harbor Investment
- Asia Stocks Drop On Fresh Europe Woes; Nikkei Dips 0.58%
- Crude Erases Gains Stemming From Iran Threats
- The Experts Opine
- Gold Wanes After Safe-haven Buying Spree
- Forex – EUR/USD Slips As Debt Fears Return From Vacation
- Forex – AUD/USD Down On Economic Data
- Buy The Dips & Sell The Rallies
| Forex Trading: EUR/USD At Lowest Level Since September 14, 2010. Posted: 05 Jan 2012 03:21 AM PST The Euro reached these low levels following worse than expected monthly German retail sales, monthly Italian unemployment rate, and Euro zone industrial new order readings which came out over night. Investors are also nervous of a French bond auction which is due out later in the session as they demand higher yields to hold French debt rather than German bunds, and France is currently at risk of losing its AAA rating. Risk appetite is also softer in current trading as the FTSE 100, CAC 40, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Euro Adds To Losses After French Bond Sale Posted: 05 Jan 2012 02:47 AM PST Forexpros – The euro extended losses against its major counterparts on Thursday, falling to multi-month lows against the U.S. dollar and the pound and hitting a fresh decade low against the yen following disappointing results at a closely watched auction of French government debt. During European late morning trade, the euro was down against the U.S. dollar, with EUR/USD tumbling 0.75% to hit 1.2843. Concerns over the two-year old euro zone financial crisis intensified after an auction of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Copper Futures Add To Losses After French Debt Sale Posted: 05 Jan 2012 02:31 AM PST Forexpros – Copper futures fell to a one-week low on Thursday, adding to losses amid ongoing fears over the euro zone's debt crisis following a disappointing auction of French government debt. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.413 a pound during European morning trade, falling 0.61%. It earlier fell by as much as 0.8% to trade at USD3.403 a pound, the lowest since December 20. Concerns over the euro zone's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone Industrial New Orders Rise Less-than-expected Posted: 05 Jan 2012 02:10 AM PST Forexpros – Industrial new orders in the euro zone rose less-than-expected in October, while September's figure was revised down sharply, official data showed on Thursday. In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.8% in October, below expectations for a 2.5% gain. Industrial new orders for September were revised down to a 7.8% plunge, from a previously reported 6.4% decline, underlining fears that the region was slipping into a recession. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Set To Follow S&P 500 Lower, Gold Outlook Turns Clouded Posted: 05 Jan 2012 01:51 AM PST Talking Points Crude Oil Set to Fall on Risk Aversion, French Bond Sale in Focus WTI Crude Oil (NY Close): $103.22 // +0.26 // +0.25%
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| U.K. Services PMI Rises To 5-month High In December Posted: 05 Jan 2012 01:43 AM PST Forexpros – Service sector activity in the U.K. improved unexpectedly in December, expanding at the fastest pace since July, industry data showed on Thursday. In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose by 1.9 points to 54.0 in December from a reading of 52.1 in November. Analysts had expected the index to decline by 0.6 points to 51.5 in December. On the index, a level above 50.0 indicates expansion in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Strengthens As EZ Fears Spur Safe Haven Demand Posted: 05 Jan 2012 01:40 AM PST Forexpros – The U.S. dollar was trading close to a 16-month high against the euro on Thursday and posted broad gains against its other major counterparts amid fears over sovereign debt issues in the euro zone ahead of a French government debt auction later in the session. During European morning trade, the dollar was higher against the euro, with EUR/USD falling 0.56% to hit 1.2868. France planned to auction up to EUR8 billion of 10 to 30-year bonds one day after an auction of German … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Eases Off 8-month High Ahead Of French Auction Posted: 05 Jan 2012 01:21 AM PST Forexpros – Crude oil futures edged lower on Thursday, easing off an eight-month high as market sentiment weakened ahead of a French bond auction later in the day, while fears over a disruption to Iranian oil supplies continued to provide support. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD102.48 a barrel during European morning trade, retreating 0.72%. It earlier fell by as much as 0.8% to trade at a session low USD102.39 a barrel. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Down As Euro Funding Fears Hit Risk Appetite Posted: 05 Jan 2012 01:12 AM PST Forexpros – The pound was down against the U.S. dollar on Thursday, as concerns over funding issues in the euro zone saw investors shun riskier assets ahead of a closely watched French government bond auction. GBP/USD hit 1.5559 during early European trade, the daily low; the pair subsequently consolidated at 1.5563, shedding 0.35%. Cable was likely to find support at 1.5500, Tuesday's low and resistance at 1.5628, the session high. France planned to auction up to EUR8 billion of 10 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Lower On Sustained Debt Worries; DAX Down 0.48% Posted: 05 Jan 2012 01:02 AM PST Forexpros – European stock markets were sharply lower on Thursday, ahead of a French government debt auction as concerns over the euro zone's financial crisis continued to dominate market sentiment. During European morning trade, the EURO STOXX 50 dropped 0.85%, France's CAC 40 retreated 0.66%, while Germany's DAX 30 fell 0.48%. France was preparing to sell up to 8 billion euros in 10 to 30-year government debt one day after an auction of German 10-year bonds met with subdued investor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Regains Safe-haven Status, Extends Rally To 2-week High Posted: 05 Jan 2012 12:30 AM PST Forexpros – Gold futures rallied for a fourth day on Thursday, climbing to a two-week high as investors moved back in to the precious metal amid mounting fears over the debt crisis in the euro zone as well escalating geopolitical tensions between Iran and the West. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,621.65 a troy ounce during early European morning trade, climbing 0.55%. It earlier rose by as much as 0.82% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Edges Higher Amid Euro Zone Concerns Posted: 05 Jan 2012 12:21 AM PST Forexpros – The U.S. dollar edged higher against the yen on Thursday, as renewed concerns over the euro zone's financial woes ahead of a French bond auction supported safe haven demand. USD/JPY hit 76.78 during early European trade, the daily high; the pair subsequently consolidated at 76.77, inching up 0.07%. The pair was likely to find support at 76.57, the low of November 18 and resistance at 76.95, the high of January 3. France was preparing to sell up to 8 billion euros in 10 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Edges Lower As Markets Eye French Auction Posted: 05 Jan 2012 12:10 AM PST Forexpros – The New Zealand dollar edged lower against its U.S. counterpart on Thursday, as risk sentiment weakened ahead of a French government debt auction amid sustained concerns over the financial crisis in the euro zone. NZD/USD hit 0.7852 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7868, shedding 0.09%. The pair was likely to find support at 0.7805, the low of November 9 and resistance at 0.7927, the high of November 14. Investors were cautious as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Lower Ahead Of French Bond Auction Posted: 05 Jan 2012 12:00 AM PST Forexpros – The Australian dollar was lower against its U.S. counterpart on Thursday, as concerns over the debt crisis in the euro zone remained in focus ahead of a French bond auction later in the day. AUD/USD hit 1.0311 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0331, shedding 0.35%. The pair was likely to find support at 1.0270, the low of November 1 and resistance at 1.0403, the high of November 8. Markets were jittery as France was preparing to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Mostly Lower On EU Concerns; Nikkei Falls 0.8% Posted: 04 Jan 2012 11:46 PM PST Forexpros – Asian stock markets were mixed to lower on Thursday, as lingering fears over the euro zone's unresolved debt crisis dampened appetite for riskier assets. During late Asian trade, Hong Kong’s Hang Seng Index edged up 0.2%, Australia's S&P/ASX200 tumbled 1.1%, while Japan's Nikkei 225 Index fell 0.8%. Financial-linked shares performed poorly in Japan after bank deposits at the European Central Bank’s overnight facility reached a new all-time high of EUR453 billion on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Near 16-month Trough As French Auction Eyed Posted: 04 Jan 2012 11:33 PM PST Forexpros – The euro was hovering close to a 16-mounth low against the U.S. dollar on Thursday, after falling sharply in the previous session amid fresh concerns over the debt crisis in the euro zone, while investors eyed an auction of French government debt later in the day. EUR/USD hit 1.2910 during late Asian trade, the daily low; the pair subsequently consolidated at 1.2915, shedding 0.19%. The pair was likely to find support at 1.2857, the low of December 29 and a 16-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| German Retail Sales Drop Unexpectedly In November Posted: 04 Jan 2012 11:26 PM PST Forexpros – Retail sales in Germany dropped unexpectedly in November, declining for the second consecutive, official data showed on Thursday. In a report, Germany's Statistics Office said retail sales fell by a seasonally adjusted 0.9% in November, confounding expectations for a modest 0.1% gain. The previous month's figure was revised to a 0.2% decline from a previously reported 0.7% gain. The data showed that German retail sales rose at annualized rate of 0.8% in November from a year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Growth & Income Stock: Hawaiian Electric Industries, Inc. Posted: 04 Jan 2012 11:00 PM PST Estimates have been rising for Hawaiian Electric Industries, Inc. (NYSE:HE) after the company delivered better than expected results for the third quarter of 2011. It is a Zacks #2 Rank (Buy) stock.
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| Posted: 04 Jan 2012 11:00 PM PST Fastenal Co. (FAST) has cranked out some very big gains over the last few months, recently hitting a new all-time high after jumping more than 50% since September. With a high industry rank and bullish growth projection, this Zacks #1 Rank stock is on the fast track with momentum.
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| Bear Of The Day: ReneSola Ltd. Posted: 04 Jan 2012 11:00 PM PST ReneSola Ltd.’s (NYSE:SOL) significant presence in the solar module original equipment manufacturing (OEM) market is currently slated to underperform, owing to Europe’s challenging financing environment. The near-term valuation of the company will be adversely impacted by tepid solar products demand in Europe (especially Germany).
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| Bull Of The Day: Raven Industries (RAVN) Posted: 04 Jan 2012 11:00 PM PST Raven Industries’ (NASDAQ:RAVN) two largest divisions — Applied Technology and Engineered Films — are experiencing strong sales momentum, driven by Raven’s aggressive investment programs related to new products and capacity expansion. The company continues to make significant investments to build international sales and boost its overall revenues.
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| Aggressive Growth Stock: Alliance Data Systems Corp Posted: 04 Jan 2012 11:00 PM PST Alliance Data Systems Corp (ADS) Sales and earnings surprises have helped push ADS higher.
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| The Decline Of The Public Good Posted: 04 Jan 2012 08:56 PM PST Meryl Streep's eery reincarnation of Margaret Thatcher in "The Iron Lady" brings to mind Thatcher's most famous quip, "there is no such thing as 'society.'" None of the dwindling herd of Republican candidates has quoted her yet but they might as well considering their unremitting bashing of everything public.
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| Forex – EUR/JPY Drops Ahead Of French Bond Sale Posted: 04 Jan 2012 07:50 PM PST Forexpros – The euro weakened against the yen on Thursday on fears that a capital increase in the Italian banking sector came in so poorly that European governments, including France, will face demand for higher yield when they go to the bond market later this week. EUR/JPY hit 99.19 in mid-session trading on Thursday, down 0.10% and up from a session low of 99.10 and off from a high of 99.36 The pair was likely to find support at 99.05, Wednesday’s low, and resistance at 100.30, Tuesday’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Usd/cnh Continue To Test The Lows. Posted: 04 Jan 2012 07:18 PM PST usd/cnh continue to test the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Usd/hkd Hanging Around Recent Lows Posted: 04 Jan 2012 07:18 PM PST usd/hkd hanging around recent lows feeling a bit heavy signaling there is more room on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDCNH Continuing Lower? Posted: 04 Jan 2012 07:18 PM PST The Yuan continued to appreciate this Asian session, moving the USDCNH pair toward new lows and through trendline support on the back of an unchanged but expansionary HSBC Services PMI release. The USD is however gaining against most other pairs as the risk off sentiment is continuing from yesterday with Asian equities lower and US futures in negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Firms In Role As Safe Harbor Investment Posted: 04 Jan 2012 07:07 PM PST Forexpros – The dollar strengthened against the world’s major currencies on Thursday, resuming its role as a safe-haven investment as uncertainty gripped currencies elsewhere in the world when the European debt crisis ruffled feathers anew. The greenback on Friday was up against the euro, with EUR/USD shedding 0.11% to hit 1.2927. The European Central Bank continued to report that banks are depositing hefty sums of their money in overnight deposit accounts instead of lending it out, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Drop On Fresh Europe Woes; Nikkei Dips 0.58% Posted: 04 Jan 2012 06:49 PM PST Forexpros – Asian stock markets were trading mixed to lower Thursday as terms surrounding a capital increase in Europe whipped up a fresh batch of fears that the European debt crisis is taking center stage again and pushing recent positive U.S. manufacturing data aside. During morning Asian trading Thursday, Hong Kong’s Hang Seng Index was up 0.16%, Australia’s S&P/ASX200 was down 1.23%, while Japan's Nikkei 225 Index was down 0.58%. In Europe, reports emerged that banks are stashing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Erases Gains Stemming From Iran Threats Posted: 04 Jan 2012 06:09 PM PST Forexpros – Crude futures fell in early Asian trading Thursday, after posting hefty gains in recent sessions in wake of Iran’s repeated threats to close the Strait of Hormuz and block the world of a crucial supply conduit. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD103.18 a barrel in early Asian trading, down 0.04%. The commodity hit a session high of USD103.55 and a low of USD103.09. For days now, Iran has threatened to block the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 04 Jan 2012 05:59 PM PST It’s that time again — the time when Wall Street’s highly paid “experts” tell us what to expect in the year ahead (via Bloomberg):
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| Gold Wanes After Safe-haven Buying Spree Posted: 04 Jan 2012 05:41 PM PST Forexpros – Gold prices erased gains Thursday after rising on demand for the precious metal for use as a currency hedge thanks to ongoing geopolitical tensions in the Middle East and a waning stock rally in the U.S. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,612.05 a troy ounce early in Asian trade, down 0.04% after jumping in and out of both postive and negative territory. Gold futures were likely to test support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Slips As Debt Fears Return From Vacation Posted: 04 Jan 2012 05:08 PM PST Forexpros – The euro fell against the dollar Thursday as fears that heavy debt burdens across the continent will be hard to manage after terms from a banking-sector capital increase spooked the market. EUR/USD hit 1.2937 during early Asian trading, down 0.03%, up from a session low of 1.2930 and off from a high of 1.2947. The pair was likely to test support at 1.2898, Wednesday’s low, and resistance at 1.3077, Tuesday’s high. The European Central Bank continues to report that banks are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Down On Economic Data Posted: 04 Jan 2012 04:50 PM PST Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of Australian data on Trade Balance. AUD/USD was trading at 1.0343, down 0.24% at time of writing. The pair was likely to find support at 1.0202, Monday's low, and resistance at 1.0387, Tuesday's high. Earlier in the day, official data showed that Australia's trade balance rose less-than-expected to a seasonally adjusted 1.38B last month from 1.60B in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Buy The Dips & Sell The Rallies Posted: 04 Jan 2012 12:33 AM PST I recently wrote that 2011 was a choppy market where it was very difficult for institutional investors to beat the market and for hedge funds to make any money because of the tendency of the market to whipsaw. In that case, my inner trader has observed that there is potential for nimble traders to profit from trading the swings of a range-bound market by buying the dips and selling the rallies. The chart below shows the relative performance of SPY, which represents US stocks and the risk-on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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