Thursday, September 13, 2012

DailyMarkets.com - Chile Holds Rate, Notes Easing Of Tensions After ECB Move

DailyMarkets.com - Chile Holds Rate, Notes Easing Of Tensions After ECB Move

Chile Holds Rate, Notes Easing Of Tensions After ECB Move

Posted: 13 Sep 2012 04:19 PM PDT

    The central bank of Chile kept its benchmark interest rate unchanged at 5.0 percent, as expected, and said global financial conditions had improved but it could not rule out a resurgence of tensions in the euro zone.
     Banco Central de Chile said the domestic economy was evolving around its trend rate and inflation remains below 3.0 percent. It added that inflationary expectations remain around the bank’s target of 3 percent, plus/minus one percentage … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: The Helicopter Fly Over

Posted: 13 Sep 2012 03:17 PM PDT

Cusick’s Corner 09-13-2012
The QE-ers got a taste of what they wanted and the market reacted as we thought it would. Now that the money is a most literally falling from the sky, growth in the economy and the employment picture will dictate that flow of assets by the Fed but the one question is will this be enough? One longer term note with this action is that the Gold bugs really got what they wanted; at some point these actions will tip the scale of inflation. See you Midday.
Stock market … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Assessing Which ETFs Moved The Most After QE3 Announcement

Posted: 13 Sep 2012 02:59 PM PDT

It may be helpful to spend some time this weekend studying which stocks and ETFs moved the most (higher and lower) after Thursday's QE3 policy announcement.
Let's take a quick look at which major ETFs moved the most on the day QE3 was announced.
Here's a "Bubble Chart" from FinViz which emphasizes percentage movement of ETFs:

While most Exchange Trade Funds clustered today around the +2% and -2% region, we do have stand-alone clusters that may warrant more attention.
The top and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stock Picks For Friday September 14, 2012

Posted: 13 Sep 2012 02:34 PM PDT

 ( click to enlarge )

InterDigital, Inc.(NASDAQ:IDCC) has a clear key resistance line just above the 36 level, which it is approaching having gained 43 cents or more than 1.23% today, to 35.51. A move above 36.04 would confirm the breakout, with an initial target of 38.40 and secondary target of 40.68.  Stop is at 33.65. The uptrend is definitely intact, awesome medium-term hold. The lows are rising and even the peaks are nudging up and up. Additionally, technical indicators are giving … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

FDIC: More Americans Eschew Banks

Posted: 13 Sep 2012 02:17 PM PDT

09/13/12 The National Survey of Unbanked and Underbanked Households showed that over one in four American households are either unbanked or … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Rally 200+ Points On QE3

Posted: 13 Sep 2012 09:06 AM PDT

09/13/12 Stocks posted sharp gains Thursday with the major indexes hitting multi-year highs after the Federal Reserve pulled the trigger and launched another round of quantitative … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

When You Should Stop Buying Gold

Posted: 13 Sep 2012 01:15 PM PDT

Economists and politicians have debated the merits of gold for decades. In the last 10 years, the discussion has been even more hotly contested, as the price of the yellow metal has skyrocketed. Ron Rimbus, CFA, in a blog for the CFA Institute, is the latest person to take on the subject.
Rimbus argues that the intrinsic value of gold is intricately linked to what's going on in the financial system, even after the end of the gold standard in 1971. He writes,

"Just because the world … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Gold And Silver Miners Breakout As Open Ended QE3 Announced

Posted: 13 Sep 2012 01:10 PM PDT

The Fed has announced the next round of QE after the Europeans, Chinese, Japanese and South Koreans make stimulative moves to devalue their currencies and boost their economies.  This is very bullish for gold and silver.  Gold and silver is extending its rally from early August while the miners breakout being led by the silver miners
We have reiterated for some time that the Fed's solitary success has been in inflating U.S. debt assets to create the feeling of wealth through … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

U.S. Fed Launches Third Major Economic Stimulus Program

Posted: 13 Sep 2012 01:09 PM PDT

    The Federal Reserve has launched its third major push to speed up the U.S. economy, worried that without further stimulus economic growth will be too weak to reduce unemployment.
    The U.S. central bank will purchase $40 billion worth of agency mortgage-backed securities each month for as long as it takes to improve the labor market and will also continue to reinvest proceeds from its holdings of maturing securities, boosting its holdings by some $85 billion a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Photo Of The Day: Ben Bernanke As A Child

Posted: 13 Sep 2012 01:06 PM PDT

Hello QE3

Posted: 13 Sep 2012 11:43 AM PDT

Well, we have it now. The FOMC has promised (or threatened, depending on your viewpoint) to:
–Extend the low-interest policy through mid-2015
–Purchase $40 billion of agency MBS per month indefinitely
–Confirm "Operation Twist" to year-end
–Continue its easy policy well into the eventual recovery period
The most significant part of the program is its open-ended nature rather than a fixed amount or time period for its asset purchases. The longer terms for MBS will add to its … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Sept 13, 2012: Will Fed Easing Spur China’s Central Bank Into Quick Action?

Posted: 13 Sep 2012 11:33 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.

Will Fed easing spur China’s central bank into quick action? (Reuters)
(Chile probably will delay rate cuts after growth forecasts rise (Bloomberg)
Top Republican attacks Fed as central bank mulls … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Federal Reserve Launches QE3, Keeps Rate Until 2015 – Text

Posted: 13 Sep 2012 11:12 AM PDT

    The Federal Reserve will stimulate the sluggish U.S. economy further, purchasing additional agency mortgage backed securities and said it expects to maintain the target for the federal funds rate at 0-0.25 percent at least through 2015, one year longer than it previously had forecast.
    Click to read the statement from the Federal Open Market Committee.

  … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Latvia Cuts Rate 50 Bps To Bolster Economy As Inflation Falls

Posted: 13 Sep 2012 10:30 AM PDT

    The central bank of Latvia cut its key refinancing rate by 50 basis points to 2.5 percent to help counter the negative effects of Europe’s debt crises on the country’s economy while inflation continues to recede. The bank also cut its marginal facility rates by 100 basis points.
    The Bank of Latvia said the previous cut in the refinancing rate in July and cuts in marginal facility rates in March “will provide the banks with an additional stimulus to direct … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Economic Calendar Brimming With Data On Friday

Posted: 13 Sep 2012 10:24 AM PDT

09/13/12 The US economic calendar is busy on Friday morning. Retail sales, consumer sentiment and CPI are among the data releases scheduled for … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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