Tuesday, November 6, 2012

DailyMarkets.com - Forex Trading: Greece Worries Send Euro Near 2-Month Low

DailyMarkets.com - Forex Trading: Greece Worries Send Euro Near 2-Month Low

Forex Trading: Greece Worries Send Euro Near 2-Month Low

Posted: 06 Nov 2012 12:00 AM PST

Greece Worries Send Euro near 2-Month Low
The EUR/USD spent most of the day yesterday near its lowest point since early September, as concerns regarding Greece’s ability to secure a new round of bailout funds caused investors to shift their funds to safe-haven assets. Meanwhile, the price of gold was able to stage a minor upward correction during mid-day trading, but remained within reach of its recent two-month low. Today, all eyes will likely be on the results of the US presidential and … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Nov 6, 2012: G20 Carves Out Some More Wiggle Room On Austerity Plans

Posted: 05 Nov 2012 08:42 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.

G20 carves out some more wiggle room on austerity plans (Reuters)
Fed’s Williams: QE3 to likely top $600 billion (Reuters)
Europe, central bank spar over Athens aid (WSJ)
Unlimited lending may help … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Australia Holds Rate, World Economy Slightly More Positive

Posted: 05 Nov 2012 07:51 PM PST

    Australia’s central bank kept its benchmark cash rate unchanged at 3.25 percent, defying expectations for a rate cut, and said the impact of previous rate cuts would continue to stimulate activity for some time and the outlook for the global economy was looking a bit more positive.
    The Reserve Bank of Australia (RBA), which has cut rates by 100 basis points this year, also said inflation was “slightly higher than expected” though still consistent with the bank’s … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Apple IPad Mini And IPad 4 Sales Top 3M Mark

Posted: 05 Nov 2012 07:29 PM PST

11/05/12 Apple released its combined sales figures for the iPad mini and the iPad 4. The two additions to the Apple family proved popular on launch … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

What Next For US Homebuilders?

Posted: 05 Nov 2012 12:21 AM PST

Several weeks ago, I identified the homebuilding stocks as a possible leadership candidate out of several (see Suggestions for bulls and bears). For once, it seems that I was ahead of the curve instead of behind the curve in my market calls as Warren Buffett announced last week that Berkshire Hathaway was getting into the business of being realtors. This represents an enormous vote of confidence for the housing sector in America, as per this story from Bloomberg:
Warren Buffett's Berkshire … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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