Thursday, November 29, 2012

DailyMarkets.com - Forex Trading: “Fiscal Cliff” Fears Turn Commodities Bearish

DailyMarkets.com - Forex Trading: “Fiscal Cliff” Fears Turn Commodities Bearish


Forex Trading: “Fiscal Cliff” Fears Turn Commodities Bearish

Posted: 29 Nov 2012 12:16 AM PST

"Fiscal Cliff" Fears Turn Commodities Bearish
The price of crude oil and gold tumbled yesterday, as concerns about the upcoming US "fiscal cliff", a series of automatic tax increases and spending cuts set to take place if the US Congress fails to reach a budget deal, led to risk aversion in the marketplace. The safe-haven Japanese yen and US dollar both gained as a result of investor fears. Today, in addition to any "fiscal cliff" developments, the US Prelim GDP, Unemployment … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Central Bank News Link List – Nov 29, 2012: Mexico’s Central Bank Likely To Extend Long Monetary Pause

Posted: 28 Nov 2012 09:55 PM PST

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.)

Mexico’s central bank likely to extend long monetary pause (Dow Jones)
High growth, stable inflation: BSP policy stance appropriate (Malaya business insight)
World economy is best shape since 2011 – … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Head-and-Shoulders Patterns: AAPL And GLD Case Studies

Posted: 28 Nov 2012 08:47 PM PST

In my book, Run with the Herd, I retell the coin toss experiment from Burton Malkiel's book, A Random Walk Down Wall Street.  In it, he asked students to "continuously toss coins with heads arbitrarily representing a move up in … Continue reading … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Risk On!

Posted: 26 Nov 2012 12:12 AM PST

Last Monday I speculated that equities were on the verge of a Santa Claus rally (see Waiting for a Santa Claus rally) and what a rally we’ve had in the week!

Since then, the news backdrop has turned more positive. Mark Hulbert reported that insiders are buying again, which is a signal of a sustainable intermediate term upswing in stock prices. China’s PMI has moved into expansion mode and Pragmatic Capitalism noted that China's leading indicators continue to improve and Nomura is … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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