Thursday, April 25, 2013

DailyMarkets.com - Central Bank News Link List – Apr 25, 2013: ECB Seen Cutting Rates, Even If It Won’t Boost Economy: Reuters Poll

DailyMarkets.com - Central Bank News Link List – Apr 25, 2013: ECB Seen Cutting Rates, Even If It Won’t Boost Economy: Reuters Poll


Central Bank News Link List – Apr 25, 2013: ECB Seen Cutting Rates, Even If It Won’t Boost Economy: Reuters Poll

Posted: 25 Apr 2013 10:58 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.

ECB seen cutting rates, even if it won’t boost economy: Reuters poll (Reuters)
Brazil may have to step up pace of rate increases, Hamilton says (Bloomberg)
Mexico early-April inflation rises more … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Market Has Managed To Snap Back

Posted: 25 Apr 2013 10:22 AM PDT

04/25/13 Albert Fried & Company’s Ben Willis with his take on global fundamentals and this week’s equity market … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Steady After 2.5% Jump

Posted: 25 Apr 2013 03:50 AM PDT

04/25/13 Crude oil futures traded near the flat line Thursday morning as the dollar rebounded from earlier … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Pares Losses Vs. Euro & Yen

Posted: 25 Apr 2013 03:45 AM PDT

04/25/13 The dollar pared losses versus the Japanese yen and euro on Thursday after U.S. data showed the number of Americans filing new claims for unemployment benefits fell last … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Europe Mixed, Spain Unemployment At Record High

Posted: 25 Apr 2013 03:41 AM PDT

04/25/13 European stocks were mixed Thursday as focus returned to Spain as the nation recorded its highest unemployment rate since records began in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Quick Fibonacci Retracement Reference Grid For Gold Bounce

Posted: 25 Apr 2013 08:32 AM PDT

After a large impulse, it can be helpful to draw a Fibonacci Retracement grid to get a sense of potential target levels or short-term inflection points paricularly for intraday traders.
Let's take a quick look at a simple confluence Fibonacci Retracement grid for the current rally or 'bounce' up in gold (@GC Futures):

I drew two Fibonacci grids from the March 22nd swing high (blue) and the more recent April 9th high (green) which developed just ahead of the breakdown or 'collapse' … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Worse Things Were For The Mining Sector, The Better They Will Get

Posted: 25 Apr 2013 08:06 AM PDT

When it looks as though things couldn't get worse for mining equities, that may be just the time to buy for contrarians.  Not only are the miners sloping to historic decade lows, but gold which has held up considerably well in comparison has been hit hard recently by short selling, bearish bank reports and margin calls.
Now after this recent decline there is a palpable sense of panic and fear throughout the resource markets.  This is the biggest decline since 2008 when all the bad … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Tick Higher As Jobless Claims Drop

Posted: 25 Apr 2013 07:58 AM PDT

04/25/13 US equities turned higher as earnings and global economic data were digested. 3M weighed on the the Dow, as the conglomerate missed earnings … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ARS Update April 2013: The Nightmare Continues

Posted: 25 Apr 2013 06:43 AM PDT

Five plus years after the meltdown of the largest fraud ever perpetrated on Wall Street, and the nightmare that defines the world of auction-rate securities goes on.
While Wall Street, Washington, and the media would very much like to leave the pain encompassing the ARS market largely in the rear view mirror, for many individuals who still hold on to the hope that they may ultimately get repaid in full from these widely distributed "cash-surrogate" instruments, the pain and anxiety remain … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks Steady Mid-week, Oil Surges

Posted: 24 Apr 2013 09:51 AM PDT

04/24/13 Stocks were along the flatline for most of Wednesday as investors took in a series of corporate earnings and a disappointing durable goods orders … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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