Tuesday, June 12, 2012

DailyMarkets.com - “Spailout” No Savior For Crude

DailyMarkets.com - “Spailout” No Savior For Crude

“Spailout” No Savior For Crude

Posted: 12 Jun 2012 08:14 AM PDT

Tuesday, June 12th
Crude Oil futures have seen their share of pain recently, as economic conditions around the globe figure to get worse before they get better. There is virtually no optimism that the “Spailout” will prevent contagion. Prices have remained fairly stable over recent sessions due to some shorts being covered and bottom-pickers hoping to have found an end to the slide. Some traders may want to keep a close eye on the OPEC output decision and also inventory reports today and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Opens Higher, All Eyes On Europe

Posted: 12 Jun 2012 08:09 AM PDT

06/12/12 US equities eked out a modest gain amid ongoing jitters over the Euro zone debt crisis. The upcoming weekend elections in Greece remains the top event risk and continues to add uncertainty to market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taken For A Ride By The NYC Taxi Cartel

Posted: 12 Jun 2012 07:29 AM PDT

In a recent Slate.com article titled “Taken for a Ride,” the authors ask a good question: “The taxi medallion system in New York and other cities raises fares, impoverishes drivers, and hurts passengers. So why can't we get rid of it?”  Here are some excerpts:

“When New York's Taxi and Limousine Commission held a public hearing last week to consider whether to raise taxi fares by 20 percent, cabdrivers pled poverty and passengers argued that fares are too high. Paradoxically, both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Lead As Euro Lags Amid Rising Spanish Yields

Posted: 12 Jun 2012 07:12 AM PDT

Fundamental Headlines
- Fed Says US Wealth Fell 38.8% in 2007-2010 on Housing – Bloomberg
- Prices of US Goods Imports Decrease by Most in Two Years – Bloomberg
- Rebels try to Evacuate Residents of Syria's Haffeh – Reuters
- Spain Banks Face Europe's Scrutiny – WSJ
- Spanish, Italian Yields Leap Higher – WSJ
Asian/European Session Summary
Yesterday's price action was very technical: high beta and risk-correlated assets hit overbought short-term levels at the open in Asia and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – June 12, 2012

Posted: 12 Jun 2012 06:48 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. 

SBI expects Reserve Bank to cut CRR by 1% (The Economic Times)
ECB should be empowered to monitor and supervise banks:Noyer (RTT News)
Mauritius rate-easing cycle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FICO Penalty For Chasing Best Rate On Credit Cards

Posted: 12 Jun 2012 06:20 AM PDT

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


Indonesia Maintains Policy Rate At 5.75 Pct

Posted: 12 Jun 2012 06:17 AM PDT

    The central bank of Indonesia kept its main policy rate, the BI rate, steady at 5.75 percent despite rising uncertainty in the global economy. Bank Indonesia said the current rate was consistent with its inflation forecast, which is expected to remain low and within its target range in 2012 and 2013.

    “Amid rising uncertainty in the global economy, Board of Governors views that the fundamental of Indonesia’s economy thus far, is well maintained,” Bank Indonesia said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America’s Second Civil War : Public Pension Reforms

Posted: 12 Jun 2012 06:14 AM PDT

Do you hear that echo in the distance? What is that sound we have been hearing since the 2010 Congressional elections and still do today?
I strongly believe the din — which many political, financial and media heavyweights would discount if not outright deny — is a raging undercurrent of civil unrest among the heretofore silent majority.
What is the issue and whom are the silent majority targeting? Public pension costs and the cabal of political and union operatives who have jointly fleeced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

June SP500 Breadth Divergences And Reversals

Posted: 12 Jun 2012 06:08 AM PDT

Monitoring Market Internals – particularly Breadth – tends to be very helpful for short-term traders to asses market strength or weakness, particularly during a mature rally or decline.
Let's take a look at the current state of Market Internals and how they have been effective for trading intraday trend reversals and breakthroughs.

The simple price chart above compares the S&P 500 Index with two key Market Internals:
NYSE Breadth:  The number of Advancing Issues minus Declining … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Move Higher, But Caution Lingers

Posted: 12 Jun 2012 01:00 AM PDT

06/12/12 Stocks were slightly higher Tuesday but trade remained choppy as investors looked increasingly uneasy about what’s next in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manufacturing, Hiring Is Booming In The South

Posted: 12 Jun 2012 05:34 AM PDT

HT: Newsalert

Update: “Exports at BMW's Spartanburg plant have jumped 80% since 2009, as the German automaker tapped new markets in China, India and South America to offset lagging sales during the recent recession. The plant produced a record 276,000 cars in 2011 — BMW X3s, X5s, X6s — and exported 70% of them, or 192,000. It sold the popular SUVs to 130 countries throughout the world.

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