Daily Markets - Financial News & Opinions |
- The Federal Reserve And Bank Of England - Partners In Monetary Policy Crime
- US Bond Market: Anticipating The Inevitable
- Contrarian Investing: 3 Reasons The Stock Market Rally Will Continue
- Stock Investor Sentiment: The Trend Is Your Friend
- Goldman Sachs: Asia Should See 34% USD Stock Market Returns In 2010
- Forex Trading: EUR/USD Breaks 1.45
- Gasoline ETF (UGA) Surging, But There’s A Hurdle
- Another Sad Story
- Singapore Stock Market: Our Focus For Today Is On Oil & Gas And Commodity Sector
- The British Pound Looks Vulnerable For Another Tumble
- Obama Funneling $2.3 Billion Into Clean Energy Jobs - How Wasteful
- Why The Fed Just Won’t Raise Interest Rates, Even When It Should
- Top 5 Graphs Of The Week
- Weak Jobs Data Weakens US Dollar; Charts Indicate More Downside Pressure Likely
- The Ultimate Guide To PPLT (Platinum ETF)
| The Federal Reserve And Bank Of England - Partners In Monetary Policy Crime Posted: 10 Jan 2010 09:21 PM PST US Jobless Data Disappoints Job creation, the last piece in the jigsaw of sustainable economic growth, is still missing. Friday’s news, which confirmed 85,000 jobs were cut in December was a poke in the eye for stimulus obsessed analysts and an appalling figure relative to expectations. The consensus had predicted flat data with a minority of economists expecting marginal job creation. December’s unemployment rate stayed at 10.0% with new jobs in professional and business services, … [visit site to read more]
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| US Bond Market: Anticipating The Inevitable Posted: 10 Jan 2010 09:01 PM PST Come March 2010, the U.S. Federal Reserve will be faced with the dilemma over whether it will follow through with its planned action and discontinue the purchasing of Agency and Agency Mortgage Backed Securities. A lot of speculation has been raised over whether the Federal Reserve will follow through with its schedule, or extend the purchasing and continue providing a crutch to the housing industry. Many media pundits have expressed contrasting views citing “The Federal Reserve … [visit site to read more]
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| Contrarian Investing: 3 Reasons The Stock Market Rally Will Continue Posted: 10 Jan 2010 08:01 PM PST Rallies and bubbles tend to last far longer and grow much larger than most anyone expects. Given what has happened in the past two years and the way things are starting out this year, there’s no reason to expect this time around to be any different. The biggest headlines of the week tell the complete story though. High-profile views on the emerging China Bubble and revealing stories on what most investors are doing with their money now reveal a lot about where the market’s next move is … [visit site to read more]
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| Stock Investor Sentiment: The Trend Is Your Friend Posted: 10 Jan 2010 07:01 PM PST As you would expect, very little has changed with regards to investor sentiment. Therefore, no comments are necessary. In fact, sentiment has become so extreme and been this way for the better part of 6 months that sooner than later the market will correct, and the indicators will have regained their “predictive” value. It is like a broken clock being right at least twice a day. It will happen. Until then, the trend is your friend. The “Dumb Money” indicator, which is shown in figure … [visit site to read more]
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| Goldman Sachs: Asia Should See 34% USD Stock Market Returns In 2010 Posted: 10 Jan 2010 06:31 PM PST 2009 was the second best year ever for Asian markets …. after the worst year 2008. CHINA GETS another “overweight” call from Goldman Sachs (GS) for 2010 after the brokerage held over 150 investor meetings in Hong Kong, Europe and the US, and found investors to be “generally positive” on stock market return prospects for the year in Asian region. The brokerage said it expects 34% usd total returns for Asia this year, … [visit site to read more]
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| Forex Trading: EUR/USD Breaks 1.45 Posted: 10 Jan 2010 06:10 PM PST On a quiet Japanese holiday the thin Asian session has continued the push against the USD, moving EUR/USD through 1.45. On Friday following a weaker than expected employment report from the US, risk pairs and equities somewhat surprisingly again gained support at the 200 day moving average and this session has moved through what was seen as mild resistance at 1.45. The next resistance level appears around the 100 day moving average, whereas a break of the 200 day could bring the 1.37 … [visit site to read more]
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| Gasoline ETF (UGA) Surging, But There’s A Hurdle Posted: 10 Jan 2010 06:01 PM PST Gasoline prices, along with related exchange traded funds (ETFs), have been steadily increasing on the back of crude oil prices. Still, gasoline prices have been somewhat suppressed as winter storms continues to rage. Speculative money have pushed crude energy prices up, and pump prices have reached a 15-month high, with the average gallon of gas at around $2.71, reports Mark Williams for ABC News. Americans are spending around $1 billion a day on gasoline, and in some areas, people are … [visit site to read more]
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| Posted: 10 Jan 2010 05:26 PM PST I’ve seen and heard lots of sad stories and tragic tales during the past few years, but a report from NPR’s Weekend Edition, “More Unclaimed Bodies As Economy Impacts Funerals,” seemed particularly depressing. In Oregon, demand on the indigent burial fund was so high last year, the Legislature had to nearly triple fees on death certificates to keep the fund solvent. Illinois received so many requests for burial help that its fund was temporarily shut down over the summer. And in Michigan, … [visit site to read more]
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| Singapore Stock Market: Our Focus For Today Is On Oil & Gas And Commodity Sector Posted: 10 Jan 2010 05:25 PM PST Morning Highlights Indofood Agri broke high of 2.46 (new trade opportunity, refer to Short Term Quick Pick 13) Ezra broke high of 2.49 Hong Leong Asia broke high of 3.12 This morning, China released its trade balance figures that showed exports surged in December and imports … [visit site to read more]
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| The British Pound Looks Vulnerable For Another Tumble Posted: 10 Jan 2010 05:01 PM PST The UK economy is in a tough spot … it’s the only major economy that has yet to emerge from recession. It’s running the largest budget deficit of any industrialized country. And its central bank has thrown everything, including the kitchen sink at the problems trying to stimulate economic activity. While the U.S. and the Eurozone are talking exit plans for extraordinary stimulus, the UK has re-upped its asset purchase program, twice. And major UK banks have been nationalized by the … [visit site to read more]
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| Obama Funneling $2.3 Billion Into Clean Energy Jobs - How Wasteful Posted: 10 Jan 2010 04:21 PM PST It seems the administration will stop at nothing to continue to spread more money around on ill-conceived pet projects that make for great sound bites but produce lousy outcomes. If the fraud, waste and re-default rates of the mortgage modification program and the absurd price paid for each vehicle sold under the cash for clunkers program and other government stimulus programs was any indication, this clean energy bill will be a flop as well. According to the administration, there will … [visit site to read more]
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| Why The Fed Just Won’t Raise Interest Rates, Even When It Should Posted: 10 Jan 2010 04:11 PM PST Today’s pundits keep debating the Fed. “The Fed will tighten” … “The Fed won’t tighten” … “The Fed will tighten” - the commentary shifts with each new data point that crosses the transom. Me? I’m going to keep things simple. This Federal Reserve, under the guidance of Helicopter Ben Bernanke, will NOT tighten until it has absolutely no other choice. … [visit site to read more]
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| Posted: 10 Jan 2010 04:01 PM PST In this week’s edition there are some key updates from around the globe. First up is a look at US consumer credit, followed by an update on EU unemployment, we then look at some data from the ISM PMI before noting recent policy settings of the Bank of England, and to finish it up there’s a review of international trade data for New Zealand and Australia. While there’s no bridging theme for this edition some key points are; credit growth remains weighed down by challenging economic … [visit site to read more]
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| Weak Jobs Data Weakens US Dollar; Charts Indicate More Downside Pressure Likely Posted: 10 Jan 2010 04:01 PM PST The U.S. Dollar finished sharply lower on Friday following the release of a U.S. Non-Farm Payrolls Report which showed the economy lost 85,000 jobs in December. This bearish number surprised traders who were looking for evidence that the U.S. economy stopped losing jobs in December.
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| The Ultimate Guide To PPLT (Platinum ETF) Posted: 10 Jan 2010 10:00 AM PST As the ETF industry has expanded in recent years, a significant portion of growth has come from the tremendous rise in popularity of exchange-traded commodity products. In addition to broad-based funds such as (DBC) or (DJCI), several commodity-specific products have accumulated billions of dollars in assets, and several were even among the very largest of all ETFs at the end of 2009. In addition to the SPDR Gold Trust (GLD), the second largest ETF with more than $40 billion of assets, … [visit site to read more]
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