Wednesday, December 26, 2012

DailyMarkets.com - Hot Option Plays: Asian Equities Higher While US Mixed Midday

DailyMarkets.com - Hot Option Plays: Asian Equities Higher While US Mixed Midday

Hot Option Plays: Asian Equities Higher While US Mixed Midday

Posted: 26 Dec 2012 11:17 AM PST

Cusick’s Corner 12-26-2012 Midday
While the action is mixed today in US equities, the Far East is on fire. Japan, EWJ, is parabolic on their new Prime Minister who is looking to turn on the printing presses, causing the Yen to head south while Japanese equities closed higher at levels that we have not seen in ~2 years. China, FXI, is still in bull mode and this has Copper, JJC, and Crude, USO, on the upside. Also notable — on the Consumer side, MasterCard came out with some worse than expected … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Coffee Prices Grind To New Lows

Posted: 26 Dec 2012 10:18 AM PST

Monday, December 24, 2012
Coffee’s trading volume has begun to wane the past several weeks, as prices have moved to 2-year lows. Large speculators have been adding to their net-short positions lately, according to the Commitment of Traders report. Though Coffee prices appear to be nearing oversold levels, we will need to see some bullish news to send prices out of their slump.
Fundamentals
The bear market for Coffee prices may be cooling now, as a large speculative short position combined with … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Is The Sell-off Complete For Precious Metals Prices?

Posted: 26 Dec 2012 10:18 AM PST

Wednesday, December 26, 2012
Precious metals prices appear to be rebounding after a viscous price selloff last week. Gold and Palladium have preformed the best of the group with some weakness still seen in Platinum and to a lesser extend Silver prices. This may be signaling that traders are looking for slower economic growth going into 2013 as the more industrial members of the complex are lagging in the price recovery.
Fundamentals
After steep price sell-offs the past few trading sessions, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Yen Hits 20-month Low Vs. Dollar

Posted: 26 Dec 2012 03:29 AM PST

12/26/12 On the day Japan’s new prime minister took power, expectations of stimulus moves sent the yen to a 20-month low against the dollar Wednesday … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Rises As Obama Returns

Posted: 26 Dec 2012 03:18 AM PST

12/26/12 The price of oil rose Wednesday after President Obama cut his Christmas holiday short and returned to Washington to try to work out a deal to avert the fiscal … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Stocks Mixed, Holiday Sales Disappoint, & Obama Leaves Hawaii

Posted: 26 Dec 2012 03:04 AM PST

12/26/12 Global equities were off to a mixed start Wednesday as President Obama cut his Hawaiian holiday short to address the fiscal cliff while U.S. holiday sales figures were far from … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

USD Outlook For 2013

Posted: 26 Dec 2012 06:49 AM PST

12/26/12 The U.S. dollar could be gearing up for mixed trading in the new year. What do monetary policy and fundamentals dictate for the USD in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Botswana Holds Rate, Sees Inflation Moving To Target

Posted: 26 Dec 2012 05:01 AM PST

    Botswana’s central bank kept its Bank Rate steady at 9.5 percent, saying economic output will remain below potential in the medium while inflation is expected to move toward the bank’s target in the second half of 2013 but remain above target in the short run due to temporary factors.
    Based on its economic assumptions, the Bank of Botswana said that keeping its rates on hold would be consistent with inflation meeting the bank’s 3-6 percent target range. The bank has … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Dec. 26, 2012: Aso Named Japan’s Next Finance Chief As Abe Primes Fiscal Pumps

Posted: 26 Dec 2012 04:37 AM 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

Aso named Japan’s next finance chief as Abe primes fiscal pumps (Bloomberg)
(Russian) central bank seen easing in Q2 2013 as growth slows (Reuters/Moscow Times)
Turkey central bank unveils new tool to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Light At The End Of The Tunnel For Gold

Posted: 24 Dec 2012 11:00 AM PST

Intuition was telling me something was going on these past few days in the gold market. Our investment team was watching gold and gold stocks take a tumble for no obvious reason. It wasn't only us who felt this way: many analysts were caught off-guard. One comment from Barclays Research indicated that the week was unusually "brutal … with quite a few confused participants with some seemingly positive aspects of the market not having an impact."
My hunch was realized only days later when … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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