Jan 27, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions

Forex Trading: Greece Tries To Woo China And Markets Remain Nervous Ahead Of FOMC

Posted: 27 Jan 2010 02:33 AM PST

The front page of the FT reads “Athens invites Beijing to buy Bonds”. It seems that Greece is trying to woo China into buying eur25bn worth of sovereign debt. While the article makes the deal seem positive to China , we are doubtful that China would happily pick up more risky paper with just the thin promise of “we won’t default”. Especially considering they are already sitting on a massive pile of shaky US treasuries.

Rumor have already circuited that China is not interested in the deal. … [visit site to read more]


Forex Trading Review For 27/01/2010

Posted: 27 Jan 2010 02:05 AM PST

USD Dollar (USD)

The Dollar rose across the board with the exception of the Yen. Worries about the economic recovery pushed the demand for safe assets, despite an increase in consumer confidence that came out 55.9 better than expected 53.5. Wall Street finished almost unchanged. Dow Jones lost -0.03% and the NASDAQ fell -0.32% as better-than-expected data on consumer confidence was not enough for investors. Crude oil is back below $75 a barrel. Gold (XAU) trades near $1,100 an ounce. … [visit site to read more]

First Yearly Increase In Trucking Index Since 2008

Posted: 27 Jan 2010 02:01 AM PST

“The American Trucking Associations advance seasonally adjusted (SA) Truck Tonnage Index climbed 2.1% in December, following a 2.6% increase in November. The latest gain boosted the SA index from 106.2 in November to 108.4 in December, its highest level since November 2008. Compared with December 2008, SA tonnage jumped 6.6%, which was the first year-over-year increase since September 2008. For all of 2009, the tonnage index was down 8.3%, which was the largest annual decrease since a … [visit site to read more]

These Are Supposed To Be Social Security Fixes?

Posted: 27 Jan 2010 01:01 AM PST

I take retirement matters very seriously, which is why I’m constantly on the alert for any hint of a change coming out of Washington.

And make no mistake: There have been times when I agree with new legislation. For example, I had no problem with the temporary suspension of required minimum distributions last year. I also love this year’s revamped Roth conversion laws.

But when it comes to Washington’s decisions on Social Security and many other important matters, I’m almost always left … [visit site to read more]

Video: EBay To Slash Listing Fees

Posted: 27 Jan 2010 01:00 AM PST

EBay will cut listing fees for U.S. residents. The new listing plans will distinguish between regular and occasional sellers. … [visit site to read more]

Market Neutral ETF/Options Strategies For A Flat/Declining Market - So Far, So Good!

Posted: 27 Jan 2010 12:01 AM PST

Given the incredible runup in equities since the lows in March 2009, I wanted to start focusing on generating returns even if the market is roughly flat or slightly down from here. Surely, we can’t expect 65% annually, but what happens from here is anyone’s guess. There clearly exists political risk, bubble risk, and other risks in a fragile system that just ran 65%, so I’m definitely on the defensive. As such, I embarked on a few positions in the context of my broader portfolio that seek … [visit site to read more]

Interesting Rounded Reversal In iShares Xinhua China 25 ETF (FXI)

Posted: 26 Jan 2010 11:01 PM PST

Headlines have featured on China and its pulling back of its economic stimulus, which has contributed in part not only to a pullback in iShares Xinhua China 25 ETF (FXI).

Let’s take a quick look at the FXI weekly chart to see a lesson in lengthy negative divergences and a likely developing “Rounded Reversal” pattern forming into a critical support level.

FXI bottomed in October 2008 and then rallied into resistance at the $30 level, and formed a higher low than the US Equity … [visit site to read more]

Ten Commodity ETFs Every Investor Should Know (But Most Don’t)

Posted: 26 Jan 2010 11:00 PM PST

Commodities are the new black in the world of investing, thanks in no small part to the rise of ETFs as the tool of choice in more and more portfolios. Commodity ETFs saw cash inflows of more than $30 billion in 2009, as total assets more than doubled on the year. According to the ETF screener, there are currently 91 exchange-traded commodity products, including inverse and leveraged funds. At the end of 2009, there was $73.7 billion in these funds, but most of these assets were concentrated in … [visit site to read more]

Digesting Apple’s Pie… And Tablet

Posted: 26 Jan 2010 10:21 PM PST

A certain Cupertino company, best known for selling a few computers, music players and telephones, had all of Wall St. in a frenzy yesterday as it announced quarterly earnings for the December quarter. A Christmas quarter that was wildly expected to be the most profitable in history for Cupertino based Apple Inc. (AAPL).

Expectations were inching up until analysts had settled on Income of around $2.10/share and Revenue of about $12Billion. Apple’s reported numbers came in at Income … [visit site to read more]

Invest In The Tech Giant “Apple” With These ETFs

Posted: 26 Jan 2010 10:00 PM PST

Want exposure to Apple, but not just Apple? Consider diluting your risk through these ETFs.  “Apple’s (AAPL) expected launch this week of a much rumored tablet computing device is expected to do for media what iTunes did for music and the iPhone did for telecommunications,” Kevin Grewal Reports.

Grewal Continues to say, “Apple CEO Steve Jobs reportedly expects the tablet to bring great leaps of innovation to the media industry by repackaging and reselling media content. In fact, the new … [visit site to read more]

Forex Trading: AUD/USD’s Bearishness Reaches Key Range Support

Posted: 26 Jan 2010 09:45 PM PST

Price action on AUD/USD, a daily chart of which is shown, has descended back down to hit key support around the 0.8950 price region before retreating back up. This occurs within the context of an overall sideways consolidation, after price reached strong resistance around 0.9325 in mid-January (just shy of the 15-month high around 0.9400 that was hit in mid-November 2009). Currently, U.S. dollar strength appears to be exerting some general downside pressure on this currency pair, pushing it … [visit site to read more]

Think China, Think Commodities, Think U.S.

Posted: 26 Jan 2010 08:45 PM PST

China led the overall market higher in 2009. With China now restricting credit, will it lead to a global selloff in 2010? How do we monitor this situation and most effectively navigate the economic landscape? We can keep a close eye on the Chinese stock indexes, but I think we are better served monitoring the commodities markets. Given that China is still in the very early stages of an industrial revolution, the demand for commodities within the People’s Republic of China is … [visit site to read more]
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