Jan 14, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions

The Gold-Silver Ratio: Is It A Reliable Way To Pinpoint A Good Buying Point For Gold?

Posted: 14 Jan 2010 03:45 AM PST

It seems a lot of you are wondering about silver, and whether it too will drop with gold when the USD makes a run for at least part of this year as I’ve predicted.

To set up some useful comparisons, I’ve created this combination chart of four assets: gold, silver, copper, and the S&P 500. These are all weekly charts, by the way.

The Gold Chart

Gold is the king of alternate-money (a.k.a. precious) metals, obviously.

There’s nothing quite like it and I don’t think I need to … [visit site to read more]


Forex Commentary: Remain Cautious Of The Ambitious Amount Of Tightening Already Priced In The Australian Dollar

Posted: 14 Jan 2010 02:59 AM PST

The increase in Australian Employment released overnight more than trebled analysts’ estimates (+35.2k vs. 10.0k expected), sending the Unemployment Rate tumbling to 5.5% against consensus forecasts for it to rise to 5.8%. Australia has unquestionably been one of the first out of the blocks in the recovery amongst the G10, a fact that saw AUDUSD appreciate over 27% in 2009 on the expectation of rapid normalization in interest rates.

What has been under debate recently however, is whether … [visit site to read more]

Forex Trading Review For 14 January

Posted: 14 Jan 2010 02:39 AM PST

USD Dollar (USD)

The Dollar weakened against 12 of the 16 most traded currencies after the Federal Reserve said that a modest economic recovery is broadening. NASDAQ and Dow Jones rose by 1.12% and 0.50% respectively. Crude oil fell for a 3rd day after U.S. inventories report showed an increase of 3.7M barrels as demand dropped. Crude prices decreased by -1.4% closing at 79.65$ a barrel. Gold (XAU) rose by 0.7% closing at 1136.8$ an ounce. Today, Retail Sales are expected with 0.4% vs. 1.3% … [visit site to read more]

Wall Street Called To Carpet As Obama Prepares New Bank Tax

Posted: 14 Jan 2010 02:29 AM PST

Four prominent Wall Street executives testified on Capitol Hill yesterday (Wednesday) about errors they committed during the financial crisis. But no amount of contrition or case making will be able to spare the financial services industry from the wrath of public opinion and a new tax to be imposed by President Barack Obama.

The bigwigs from Goldman Sachs Group Inc. (GS), JP Morgan Chase & Co. (JPM), Morgan Stanley (MS), and Bank of America Corp. (BAC) were called on yesterday … [visit site to read more]

What Investors Should Watch As Bond ETF Yields Rise

Posted: 14 Jan 2010 02:01 AM PST

Bond yields are on the rise, which doesn’t necessarily have exchange traded fund (ETF) investors whooping it up. That’s because rising yields not only send prices lower, but they can be a harbinger of other things, such as impending inflation.

As Allen Robinson for Global Investors points out, a rise in yield often precedes a Treasury announcement as investors anticipate that the increase in bond supply will cause prices to fall and yields to rise. These increasing rates also signal that … [visit site to read more]

SocGen’s Investment Strategy For 2010: The Risky Trade

Posted: 14 Jan 2010 01:01 AM PST

Société Générale (SocGen), France’s second-biggest bank, has told its clients to be bullish on commodities, stay with stocks and “anything but cash” in 2010. SocGen’s Chief Strategist Alain Bokobza spoke to CNBC on Jan. 11, 2010 about the investment strategy.

Fear of Double Dip to Prevent Bond Crash

Bokobza sees an ongoing momentum for growth in the U.S. with employment growth, as well as the emerging economies.  The consensus seems to be we are heading towards a bond market … [visit site to read more]

Video: S&P Cuts California’s Debt Rating

Posted: 14 Jan 2010 01:00 AM PST

California was downgraded by S&P, with its main debt rating cut by one notch. Standard & Poor’s cut the sunshine state’s rating as it faces a massive budget gap. … [visit site to read more]

Forex Trading: Eurozone Industrial Production Stronger Than Expected

Posted: 14 Jan 2010 12:58 AM PST

Eurozone Industrial Production m/m came in at 1.0%, stronger than the 0.6% expected.
This positive number for the euro seems to have halted Eur/Usd's downward move for the time being. The pair was poised to test session lows of 1.4495 at time of release and currently trades at … [visit site to read more]

A Nobel Prize Winner’s View Of China’s Growth

Posted: 14 Jan 2010 12:01 AM PST

The China growth story generates a wide range of opinions and these opinions are of varying value.

Robert Fogel’s forecast in the current issue of Foreign Policy magazine ($123,000,000,000,000) is far beyond anything that we’ve heard in terms of China’s growth. Fogel has stature that makes him worth listening to - he heads the Center for Population Economics at the University of Chicago and shared the 1993 Nobel economics prize.

Among Fogel’s stunning predictions for China by … [visit site to read more]

Force The Fed To Open Its Books

Posted: 13 Jan 2010 11:01 PM PST

The American public wants answers.

The Washington establishment, primarily in the persons of Ben Bernanke and Tim Geithner, clearly feel America can’t handle the truth. What truth? The depth of economic despair and problems primarily embedded in our nation’s financial system. What institution has tried to fill the hole in our financial system? The Federal Reserve.

Given the shadowy operations of the private institution that is our central bank, Americans are justifiably nervous and … [visit site to read more]

Forex Trading: Gbp/Usd Testing 100 Day M/A

Posted: 13 Jan 2010 10:22 PM PST

Gbp/Usd is trading just off its 100 day M/A of 1.6308 for 2nd time in as many hours. If the pair can break and hold above this level a move to 1.6500 is possible. If it remains below short term support lies at 1.6240-45 level with the 200 day M/A down at … [visit site to read more]

Beat The Stock Market With Market Timing

Posted: 13 Jan 2010 10:01 PM PST

I’ve long held the view that beating the market on a long-term basis is more a question of market timing (when to be in and when out) and cash management than superior stock picking. If you stick with the market leaders, try to limit losses from bad picks and move into cash as the market weakens, then you’ll have a good chance of outperforming the benchmark.

But this idea, whether applied to institutional, professional fund managers or individual has been long debated. Mark Hulbert … [visit site to read more]

No comments:

Post a Comment