Daily Markets - Financial News & Opinions

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• Defensive Investing Is Smart And Profitable In An Uncertain Market
• The Gold And Oil Market Should Continue To Provide A Bull Market Status
• Forex Trading: UK Inflation Rockets Higher To 2.9 Percent But Sterling Couldn’t Hold Onto Gains
• Forex Trading Review For 19 January
• Did Cadbury Get A Good Deal From Kraft?
• Interview With J. Garfield Macveigh, President And CEO Of Constantine Metal Resources
• Forex Trading: Eurozone & German ZEW Economic Sentiment
• Financials Tax Puts Insurance ETFs In Focus
• Video: U.S. Homebuyer Tax Credit Faces Challenges
• High Yield Bond ETFs In Focus
• Bank Of Canada Outlook: Rates Expected To Remain Unchanged
• US Housing Market Still In Shambles As Obama’s Loan Modification Program Fails To Take Off

Defensive Investing Is Smart And Profitable In An Uncertain Market Posted: 19 Jan 2010 04:21 AM PST For U.S. investors looking to profit in the near term, the best offense may be a good defense. “Defensive investing” becomes a mantra for investors who are seeking to navigate periods dominated by high risk, slow growth or excessive uncertainty. Given that the current market outlook probably contains an element of each of those scenarios, a strategy that includes elements of care and caution will make for a wise course of action. This is actually a healthy thing, and will likely include a … [visit site to read more]

The Gold And Oil Market Should Continue To Provide A Bull Market Status Posted: 19 Jan 2010 03:45 AM PST A lot of investment focus for outlook 2010 is geared toward inflation based assets such as gold and oil.  What a change from the turn of the last decade when the rage was totally based on paper assets such as stocks, bonds and yes folks, even the US Dollar.  Indeed the age of the Dot.Com stocks was the zenith of the paper world. Right around the time the NASDAQ was peaking at the 5000 area, gold was bottoming at the 250 dollar area and crude oil at the around the 18 dollar per barrel … [visit site to read more]

Forex Trading: UK Inflation Rockets Higher To 2.9 Percent But Sterling Couldn’t Hold Onto Gains Posted: 19 Jan 2010 02:59 AM PST This morning’s UK CPI was sharply higher than forecasts; coming in at a monstrous 0.6% MoM, 2.9% YoY in December, up from last month’s 0.3% MoM, 1.9% YoY rise. Today’s reading comes within a fraction of hitting the 3% threshold where BoE Governor King would be obliged to write a letter to the UK Chancellor of the Exchequer to explain the massive overshoot above the 2% target. GBPUSD has responded with a knee-jerk spike higher to 1.6456 levels, but the momentum of the move has lacked much follow … [visit site to read more]

Forex Trading Review For 19 January Posted: 19 Jan 2010 02:40 AM PST USD Dollar (USD) The Dollar weakened versus most majors after a low volume session and gains in world equity markets worldwide pushed the Dollar lower versus the other majors. U.S stock markets have been closed due to Martin Luther King Day. Crude was almost flat with 0.22% closing at 78.25$ a barrel and Gold (XAU) almost unchanged closing at 1131.10$ an ounce. Today, TIC Long Term Purchases are expected stronger with 30.3B versus 20.7B prior. EURO (EUR) The Euro gained slightly versus … [visit site to read more]

Did Cadbury Get A Good Deal From Kraft? Posted: 19 Jan 2010 02:36 AM PST Cadbury (CBY) has been sold to Kraft Foods (KFT) today. No doubt there will be plenty of harumphing about another UK company being sold abroad. People seem to forge the effect is a net inflow of money in the UK, to staff, to banks, to pension funds; all of which can be re-invested in new companies. Anyway, of more import that peoples’ lack of understand about basic economics, is whether said shareholders have got a good deal. The best way of checking this is to understand how … [visit site to read more]

Interview With J. Garfield Macveigh, President And CEO Of Constantine Metal Resources Posted: 19 Jan 2010 02:35 AM PST J. Garfield Macveigh is President, C.E.O. and Director of Constantine Metal Resources (CEM.V) Biography: Mr MacVeigh received his B.Sc. from Queen’s University at Kingston in 1972. He has 32 years of experience in gold and base metal exploration in Canada, U.S.A. and Central America. He was a participant in the discovery of the Hoyle Pond Gold Deposit in Timmins, Ontario, and contributed to the exploration and discovery of the HW Deposit and several new zones at Westmin Resources … [visit site to read more]

Forex Trading: Eurozone & German ZEW Economic Sentiment Posted: 19 Jan 2010 02:30 AM PST The Eurozone & German ZEW Economic Sentiment Survey both came out weaker than expectations. The German number came in at 47.2, weaker than the 49.8 expected. Eurozone came in at 46.4, weaker than the 48.2 expected. Eur/Usd traded down to 1.4320 on negative data. The pair is currently trading at … [visit site to read more]

Financials Tax Puts Insurance ETFs In Focus Posted: 19 Jan 2010 01:09 AM PST When the Obama administration unveiled last week its proposed Financial Crisis Responsibility tax, it appeared that the primary targets would be large banking institutions that had accepted billions of dollars in federal bailout funds last year. But a closer look at the proposal indicates that a handful of large insurance companies, many of whom did not take government aid to stay afloat during the downturn, could also be impacted. The timing of the proposal has made it politically popular. … [visit site to read more]

Video: U.S. Homebuyer Tax Credit Faces Challenges Posted: 19 Jan 2010 01:00 AM PST The Internal Revenue Service released the new tax form for claiming the homebuyer credit. The form cannot be filed electronically, and requires paper filing. … [visit site to read more]

High Yield Bond ETFs In Focus Posted: 19 Jan 2010 12:00 AM PST Following the unprecedented economic turmoil, market volatility, and government intervention of the last two years, many investors felt that the painful lessons from the downturn had yielded a "new normal." The term, coined by PIMCO executive Mohamed El-Erian, has seen its scope expand to describe an era where risk aversion runs high, caution trumps emotion and the "castle in the air" approach to investing has been left by the wayside in favor of a more practical "firm foundation" … [visit site to read more]

Bank Of Canada Outlook: Rates Expected To Remain Unchanged Posted: 18 Jan 2010 11:01 PM PST Bank of Canada: interest rate decision (Tuesday 19) - During this week’s monetary policy meeting, the Bank of Canada is widely expected to leave rates unchanged at 0.25%. We also estimate that the BoC will confirm its view that rates should be held steady until the end of Q2 ‘10. The Canadian economy showed signs of picking up in Q4 (latest data on employment, retail sales and housing activity came in better than expected) strengthening the view that economic activity will gather momentum … [visit site to read more]

US Housing Market Still In Shambles As Obama’s Loan Modification Program Fails To Take Off Posted: 18 Jan 2010 10:01 PM PST Despite a concerted effort by the Obama administration to rebuild the housing market, it continues to languish. The government’s Home Affordable Modification Program (HAMP) failed to stymie foreclosures last year, and 2010 may not be any better. Instead of declining, the number of foreclosed homes in the United States last year increased to a record 2.8 million, a 21% rise over 2008 and 120% over 2007, according to RealtyTrac. Foreclosures in the fourth quarter jumped 18% over the same … [visit site to read more]

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