Wednesday, June 13, 2012

DailyMarkets.com - Can We Expect An Election Rally ?

DailyMarkets.com - Can We Expect An Election Rally ?

Can We Expect An Election Rally ?

Posted: 13 Jun 2012 06:26 AM PDT

Seasonal charts are pretty, but mean little on their own, what we need is cycles to marry up to the same play.

Bespoke Seasonal for Election Years.

When cycles bottom and swing up, confirmation secured.

The Semiconductor (SOX) cycle is critical to the NASDAQ, the NASDAQ is a sector … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iceland Central Bank Raises Rates 25 Bps

Posted: 13 Jun 2012 06:13 AM PDT

    The Central Bank of Iceland raised its interest rates by 25 basis points as the domestic economy continues to recover with robust growth in demand and growing signs of a rebound in labour and real estate markets.
    But the central bank cautioned that the global economic outlook had become more unclear and it would be ready to action if warranted.

    “Uncertainty about the global economy has increased in recent weeks, not least because of the financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – June 13, 2012

Posted: 13 Jun 2012 05:50 AM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below. 

Sri Lanka Central Bank maintains interest rates (Colombo Page)
Chilean Economists Put Back Forecasts for Rate Increase (Bloomberg)
India cbank seen cutting rates on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thailand Central Bank Keeps Rate Steady At 3.0 Pct

Posted: 13 Jun 2012 05:36 AM PDT

    The Bank of Thailand kept its policy rate unchanged at 3.0 percent, as expected, but said it would monitor the growing risks to the global economy and take action if warranted.
    “Risks to global economy increased relative to the previous meeting, reflecting heightened uncertainty about the future of Greece in the eurozone and banking problems in Spain. As a result, the contraction of the eurozone economy was projected to be more protracted than previously anticipated. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Auto Assemblies Unexpectedly Surge Back To 2007 Levels, Creating A Shortage Of Rail Cars

Posted: 13 Jun 2012 05:31 AM PDT

The Federal Reserve reported recently that U.S. motor vehicle assemblies totaled 10.7 million units in May (seasonally adjusted at an annual rate), the highest monthly production level since August 2007, almost five years ago before the Great Recession, and almost three times the recessionary low of 3.7 million units in January 2009.  At the current rate of  monthly increases, motor vehicle assemblies will be above 11 million units within a few months, and back up to 12 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities May Fall As US Retail Sales Spark Risk Aversion

Posted: 13 Jun 2012 02:00 AM PDT

Talking Points

Crude Oil, Copper at Risk as US Retail Sales Data Threatens to Sink Sentiment
Gold and Silver May Fall as US Dollar Finds Renewed Support in Haven Flows

Commodity prices are treading water in European trade as markets digest recent volatility, but the possibility of returning risk aversion appears increasingly probable. Traders are likely to turn defensive as Eurozone instability jitters return ahead of the weekend's Greek election, where the country's membership in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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