Friday, November 2, 2012

DailyMarkets.com - Have The Loonie’s Wings Been Clipped?

DailyMarkets.com - Have The Loonie’s Wings Been Clipped?

Have The Loonie’s Wings Been Clipped?

Posted: 02 Nov 2012 06:18 AM PDT

Friday, November 2, 2012
Though Bank of Canada Governor Mark Carney made a statement that an interest rate hike is likely “over time”, there appears little to signal this will occur anytime soon, especially following a lowering of economic growth forecasts to only 1% in the third quarter. However, technical chart patterns seem to indicate that we may be close to a near-term bottom in the Loonie and a short-covering rally may not be out of the question.
Fundamentals
The value of the Canadian … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Why The Large Miners May Acquire Near Term Gold Producers In Europe

Posted: 02 Nov 2012 06:04 AM PDT

There may be an increase in Mergers and Acquisitions in the mining sector.  The majors are seeing share price increases which puts them in a stronger financial position to be able to buy undervalued miners with near term production.  Miners are looking to Europe where a cheap Euro means better margins and costs for European miners.
Look at Greece which is developing four major mines.  For years, Greece was a difficult jurisdiction for miners to operate.  However, the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Nov 2, 2012: BOE’s Big Mistakes In Forecasting Warrants Inquiry

Posted: 02 Nov 2012 05:33 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.

BOE’s big mistakes in forecasting warrants inquiry (Bloomberg)
China to offer low reserve ratios to spur SME lending: central banker (Reuters)
Mining slowdown to spark Cup day rate cut (AAP/SMH) … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Romania Holds Policy Rate Steady At 5.25%

Posted: 02 Nov 2012 05:01 AM PDT

    The central bank of Romania held its policy rate steady at 5.25 percent, as expected, saying that it would continue to ensure “firm liquidity management in the banking system,” and retained the current levels of minimum reserve requirements on both leu and foreign currency deposits.
    The National Bank of Romania (NBR), which has cut its policy rate by a total of 75 basis points in the first three months of the year, also said it would release the quarterly inflation … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Game Plan For The E-Mini NASDAQ 100

Posted: 02 Nov 2012 04:45 AM PDT

The E-Mini NASDAQ 100 got an impressive breakout in Thursday's market, and broke free from the downtrending channel. Yesterday's breakout could mean more strength Friday.

Higher Value Setup
The 5-minute chart shows the NQ has developed a Higher Value relationship after yesterday's rally. As you know, the HV relationship develops when the upcoming day's Value Area is projected to be completely higher than the preceding day's VA.
Essentially, this means buyers were successfully able to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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