Thursday, August 9, 2012

DailyMarkets.com - Crude Oil, Gold Outlook Mixed As Risk Trends Parse Conflicting Forces

DailyMarkets.com - Crude Oil, Gold Outlook Mixed As Risk Trends Parse Conflicting Forces


Crude Oil, Gold Outlook Mixed As Risk Trends Parse Conflicting Forces

Posted: 09 Aug 2012 02:38 AM PDT

Talking Points

Crude Oil, Copper May Decline If US Jobless Claims Gain Sinks Sentiment
Gold and Silver Continue to Look to US Dollar as Conduit for Risk Trends

Commodities are little changed in European hours as risk sentiment trends parse conflicting cues after Chinese economic data stocked stimulus expectations while the Augusts' ECB monthly report saw a downgrade to the bank's growth outlook. Taken collectively, the Eurozone is the world's second largest economy; China is the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Central Bank News Link List – Aug 9, 2012

Posted: 09 Aug 2012 02:23 AM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news

Minimum 50bps cut in (Pakistan) policy rate expected (Business Recorder) (Pakistan)
Reserve Bank (of New Zealand) may delay rate hikes (Scoop) (New Zealand)
Monetary tightening … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Indonesia Keeps Rate Steady, Expects Solid Growth

Posted: 09 Aug 2012 01:55 AM PDT

    Indonesia’s central bank kept its benchmark overnight reference rate, the BI rate, unchanged at 5.75 percent, as widely expected, saying it expects the country’s economy to remain solid during the current global slowdown due to buoyant domestic consumption and investment.
    Nevertheless, Bank Indonesia noted that exports had declined in the second quarter, reflecting the global slowdown and lower commodity prices.
    ”The current policy rate is … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Thursday’s Stocks To Watch, Aug 9

Posted: 08 Aug 2012 11:58 PM PDT

( click to enlarge )

The Walt Disney Company (NYSE:DIS) had a strong move on Wednesday, as the stock set new 52-week highs. The stock hit a high of $50.65, which is resistance for the follow through move. The trend is bullish as the stock is above 50-day and 200-day moving averages with both moving averages going up. You should watch this stock closely on Thursday.

  ( click to enlarge )

I’ve mentioned Micron Technology, Inc.(NYSE:MU) for the bulls out there. The nearest trend is in favour … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Korea Holds Rate, Sees ‘very Moderate’ Global Growth

Posted: 08 Aug 2012 11:04 PM PDT

    The Bank of Korea (BOK) held its base rate unchanged at 3.0 percent, as most economists had expected, saying the country’s growth was slowing due to lackluster exports and domestic demand.

    “The Committee expects the pace of global economic recovery to be very moderate going forward as well, with the uncertainties surrounding the euro area fiscal crisis and the international financial markets persisting,” the BOK said in a statement following a meeting of its … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Bank Of Japan Keeps Rate Steady, Sees Moderate Recovery

Posted: 08 Aug 2012 09:39 PM PDT

    The Bank of Japan (BOJ) held its policy rate unchanged, as widely forecast, repeating last month’s statement that its domestic economy was expected to recover moderately on the back of firm domestic demand and overseas economies that are emerging from a phase of deceleration.
    However, the BOJ, which held its overnight call rate steady at zero to 0.1 percent, acknowledged that there was a high degree of uncertainty about the global economy and Japan faces the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Target Gives $3 Million A Week To Its Communities. Aren’t Its Prices Too High, Or Wages Too Low?

Posted: 08 Aug 2012 07:24 PM PDT

The Minneapolis-based Target Corporation makes a big deal about its “caring for the community” and brags on its website and in its stores that “since 1946, Target has given 5% of our income -which today totals more than $3 million a week – to our communities” (see graphic above).   

Q1: Doesn’t that mean Target is really overcharging its customers with “everyday high prices” in amounts that are sufficient to generate the $3 million necessary to give those dollars back every week to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


‘The Last Time’…

Posted: 08 Aug 2012 06:03 PM PDT

Notice a pattern here?
“The Last Time Wall Street Was This Negative, We Were In A Recession” (Business Insider)
As second quarter earnings season begins, companies are slashing earnings guidance at rates not seen in the last three years.
Tobias Levkovich, who heads Citi’s U.S. equity strategy research, points out in a note to clients that only 30 percent of recent Wall Street analysts’ earnings estimate revisions have been positive.
The two times this number was lower in the last 13 years, the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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