Daily Markets - Financial News And Opinions |
- Euro Gold Ended The Week At A New Record High
- Forex Trading Review For 15/02/2010
- 3 Challenges Holding Back Active ETFs
- Profit From A Stop Loss Order: Failed Pattern Reversal Example
- Inflation Or Deflation? Cancer Or Heart Attack?
- Power Of Private Unions Wanes In The U.S.
- Three ETFs To Watch This Week: EIS, TIP, GDX
- Market Week In Review: Ups And Downs
- China Surpasses Japan’s Stock Market Value In 2009
- Former Fed Chairman Paul Volcker’s Interview With The Financial Times
- How The Final Wave Of Risk Aversion Affects The Forex Market
- Video: Hertz Turns A New “Leaf”
- Go Tell It To The Spartans: Drop Dead
- Smith Int’l To Buy @ Balance
- Boston Scientific Restructures
- Forex Trading: EURUSD Pausing At 200 Bar MA In Choppy Trade As London Gets Set To Exit For The Week.
- Omnicom Meets Zacks Consensus
- Uranium Investing: Another Buying Opportunity?
- Understanding Exchange Traded Funds And Futures
| Euro Gold Ended The Week At A New Record High Posted: 15 Feb 2010 03:53 AM PST If we look at weekly closes, then Gold priced in Euros broke-out to a new all time high. Below the main graph we plot Gold/UDN (foreign currency index) and Gold in US$. Since early 2008, Gold against foreign currencies has led Gold. Gold/UDN is very close to matching what Gold/Euro did this week. The Gold/UDN chart suggests that Gold in US$ will have a four and a half month correction before embarking on a sustained advance. This implies we would see a bottom at the end of April and a … [visit site to read more]
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| Forex Trading Review For 15/02/2010 Posted: 15 Feb 2010 03:51 AM PST USD Dollar (USD) The Dollar posted small gains against most of the majors after Retail Sales data came out 0.5% better than expected 0.4% but eased part of the gains after The Michigan Consumer Sentiment Index came out 73.7 worse than expected 74.8. Walls Street closed mixed with NASDAQ advancing 0.28% and the Dow Jones lost -0.44%. Crude oil fell and closed at 74.2$ a barrel, Gold (XAU) almost unchanged closed at 1092.8$ an ounce. Today, US banks will be closed in observance of President’s … [visit site to read more]
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| 3 Challenges Holding Back Active ETFs Posted: 15 Feb 2010 03:01 AM PST Actively-Managed ETFs have now been on the market for more than 2 years. Many people question how much of a success Active ETFs have been, given that the total assets managed by Active ETFs in the US are only about $225 million, with half of those coming from PIMCO’s Enhanced Short Maturity Fund (MINT) alone. But if you speak to the issuers, most are not surprised or disappointed. Invesco PowerShares’ SVP of Portfolio Strategies, Ed McRedmond said in an interview, “We always believed that … [visit site to read more]
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| Profit From A Stop Loss Order: Failed Pattern Reversal Example Posted: 15 Feb 2010 02:01 AM PST This is part two of Profit from a stop loss order. As in the first part, I share how to use stop loss order on a stock that runs up and fail due to exhaustion. The same trading principle can be used for a failed pattern formation. What do I mean by a failed pattern formation? A failed chart pattern formation normally represents a chart pattern that fails to turn out in the predicted direction. In this case, the probability is very high that a sustained move in the opposite direction … [visit site to read more]
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| Inflation Or Deflation? Cancer Or Heart Attack? Posted: 15 Feb 2010 12:53 AM PST I have been pounding on the inflation vs. deflation theme for some time, largely because I believe that this is likely to be the Investment Call of the Decade. Get it right and you'll be a hero, but get it wrong and you'll be a goat. Why is making such a forecast so hard? John Mauldin recently wrote in his essay Between dire and disastrous: [W]e have made a series of bad choices, often the easy choices, all over the developed world. We are now entering an era in which our choices are … [visit site to read more]
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| Power Of Private Unions Wanes In The U.S. Posted: 15 Feb 2010 12:01 AM PST In 2009, there were only five major strikes and lockouts involving 1,000 or more workers, the lowest number since the major work stoppages series began in 1947, the U.S. Bureau of Labor Statistics reported today (see chart above). The prior low for major work stoppages beginning in a calendar year was 14 in 2003. The decline in work stoppages over the last sixty years coincides with the ongoing decline in union membership as a share of all workers, from a high of 32.5% of all workers … [visit site to read more]
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| Three ETFs To Watch This Week: EIS, TIP, GDX Posted: 15 Feb 2010 12:00 AM PST Last week saw impressive volatility in equity ETFs, as investors focused their attention squarely on the debt crisis of Greece and the reaction of wealthy euro zone neighbors. While Wall Street will continue to monitor any developments in the region going forward, there are a number of major events ahead this week that could have a big impact on markets. The U.S. earnings season has begun to wind down, but some major overseas announcements could have a big impact on a handful of funds. Below is … [visit site to read more]
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| Market Week In Review: Ups And Downs Posted: 14 Feb 2010 10:01 PM PST Markets remain volatile and skittish. Why? Our global economy along with our domestic economy remain under the pressure of massive debts and deficits across the sovereign, corporate, and consumer spectrum. Global governments cannot prop economies and markets forever, try as they might. Can 2010 successfully transition from these total government supported and propped markets to a hoped for return to private enterprise with private capital? This week brought us more ups and downs in the … [visit site to read more]
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| China Surpasses Japan’s Stock Market Value In 2009 Posted: 14 Feb 2010 09:01 PM PST The chart above shows 2009 year-end stock market capitalization for the 14 largest stock markets based on data available from the World Federation of Exchanges. 1. I’m pretty sure that this is the first time ever that China’s stock market ($3.57 trillion) has surpassed Japan’s ($3.31 trillion) by total market capitalization. 2. It’s also interesting that China, India and Brazil now account for 16% of the world stock market value. It was not too long ago that those three … [visit site to read more]
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| Former Fed Chairman Paul Volcker’s Interview With The Financial Times Posted: 14 Feb 2010 07:01 PM PST Paul Volcker What will the future of Wall Street hold? No man is attracting more attention regarding that very question than former Fed Chair Paul Volcker. What might the Volcker Rule mean for Wall Street? For those with an interest in the global economy and markets, Volcker provided an extensive interview recently to the Financial Times. In this interview, the former Fed chair talks more ’sense on cents’ than anybody I have come across since launching this blog a year ago. I … [visit site to read more]
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| How The Final Wave Of Risk Aversion Affects The Forex Market Posted: 14 Feb 2010 07:01 PM PST Over the past months I’ve written extensively in my Money and Markets columns about the bubbling over of the risk trade. I also warned about the rising threats that would likely make a sustainable recovery, at this point, a low probability. And as time passes, we’re beginning to see that these threats, including a growing sovereign debt crisis, rising protectionism, and threatening asset bubbles, are becoming ripe and dangerous. But in a world of instant information, it’s easy for our … [visit site to read more]
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| Video: Hertz Turns A New “Leaf” Posted: 14 Feb 2010 07:00 PM PST Hertz announced on Friday that it will add Nissan’s all-electric Leaf vehicle to its lineup next year in the US and Europe. … [visit site to read more]
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| Go Tell It To The Spartans: Drop Dead Posted: 12 Feb 2010 12:00 PM PST Gerald Ford had the right idea.
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| Posted: 12 Feb 2010 09:59 AM PST Smith International Inc. (SII) is planning to acquire @ Balance from Shell Technology Ventures Fund 1 B.V.
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| Boston Scientific Restructures Posted: 12 Feb 2010 08:35 AM PST Boston Scientific Corporation (BSX) has recently announced several management changes and restructuring initiatives with an objective to strengthening the company and positioning it for long-term success in terms of accelerating profitable growth and increasing shareholder value.
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| Forex Trading: EURUSD Pausing At 200 Bar MA In Choppy Trade As London Gets Set To Exit For The Week. Posted: 12 Feb 2010 07:33 AM PST The EURUSD is also trading in a choppy fashion as the London close approaches. The 200 bar MA on the 5 minute chart is the 1.3632 level and the price has moved above but finding profit taking sellers. The Friday close always has the potential to lead to a move through but using the level as a key pivot is the best scenario. The market is at a crossroad.
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| Posted: 12 Feb 2010 06:51 AM PST Omnicom Group Inc. (OMC) announced results for the fourth quarter and full year 2009. During the quarter, net income decreased 15.3% to $229.6 million from $271.0 million in the fourth quarter of 2008. Omnicom’s earnings per share (EPS) decreased 16.1% to 73 cents from 87 cents in the year ago quarter. Reported EPS exactly matched with the Zacks Consensus Estimate of 73 cents. Omnicom’s net income for the twelve months ended December 31, 2009, decreased 20.7% to $793.0 million … [visit site to read more]
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| Uranium Investing: Another Buying Opportunity? Posted: 11 Feb 2010 01:45 PM PST The next few years should be good times for those that produce uranium, the feedstock for nuclear reactors
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| Understanding Exchange Traded Funds And Futures Posted: 11 Feb 2010 01:39 PM PST Over the past month the gold and silver markets have taken a good drubbing. Silver has dropped from 19.50 to 15.00 and gold from 1227 to 1044 as the US Dollar has finally rallied after a long drawn out correction.
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Yes, China surpasses anyone with a nose in his face, so they say at least. Alas, if I'm not mistaken, it's all a giant bubble. There will be much more hardship soon with a looming Chinese collapse bigger than the Soviet Union's.
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