Feb 16, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Europe-China Connection Could Rattle Stocks

Posted: 16 Feb 2010 03:50 AM PST

I was watching the Asia Edge show on Bloomberg television Wednesday night when the lovely and smart Susan Li broke in breathlessly on her guest with news about China’s consumer inflation numbers. Inflation was reported up just a touch in January, which was considered good news because if it was higher it would have made Chinese banking authorities more anxious to clamp down on interest rates and if it was lower it would have raised the awful specter of deflation.

The Shanghai stock market … [visit site to read more]

The Week Ahead In US: CPI And Capacity Utilization Most Important Data

Posted: 16 Feb 2010 03:01 AM PST

Empire Manufacturing Index (Tuesday 16) - The Empire Manufacturing Index rose in January to 15.9 from 4.5 in December, indicating improved conditions for the manufacturing sector in early 2010 in the New York area. The data was substantially in line with indications coming from the ISM Manufacturing Index as regards the USA as a whole. The index is likely to indicate that industrial production will continue to trend upwards in the months ahead, remaining almost unchanged at 15.2. The … [visit site to read more]

Forex Trading: Eurozone & German ZEW

Posted: 16 Feb 2010 02:06 AM PST

German ZEW Economic Sentiment came in at 45.1, stronger than the 41.0 expected and weaker than the 47.2 prior reading.
Current Situation came in at -54.8, weaker than the -53.0 expected and -56.6 prior reading.
Eurozone ZEW Economic Sentiment came in at 40.2, weaker than the 41.5 expected and 46.4 prior reading.
So far the market is not reading much into the mixed ZEW Survey data out of the Eurozone. Eur/Usd has ascended about 10 points to … [visit site to read more]

Forex Trading Review For 16/02/2010

Posted: 16 Feb 2010 01:40 AM PST

USD Dollar (USD)

The Dollar traded in a narrow range on a low volume session with the US markets closed for President\’s Day. Crude oil closed at 74 $ a barrel, Gold (XAU) gained and closed at 1100$ an ounce. Today, The NY Empire State Manufacturing Index is expected at 17 vs. 15.9 previously. The Treasury International Capital (TIC) Net Long-Term Transactions is expected at 50B vs. 126.8B previously.

EURO (EUR)

The Euro fell modestly against the Dollar still trading near the 1.36 … [visit site to read more]

Five Little Known Secrets Of Ultra-Popular ETFs

Posted: 15 Feb 2010 11:20 PM PST

Over the last year, a tremendous increase in the amount of ETF education has significantly reduced the likelihood of misuse by professional or amateur investors. By now, hopefully everyone knows that the United States Natural Gas Fund (UNG) doesn't actually buy and hold natural gas and that [[USO's]] underlying assets don't include barrels of crude oil. But still, the research done by many ETF investors stops at the fund's name, and perhaps a cursory look at the expense ratio. While … [visit site to read more]

Video: Motorola To Split Into Two Companies

Posted: 15 Feb 2010 09:00 PM PST

Motorola will split into two publicly traded companies in 1Q of 2011. One company will focus on mobile devices and set-top boxes, while the other will concentrate on enterprise mobility solutions and networks businesses … [visit site to read more]

Rydex Market Timers: Bearish And More!

Posted: 15 Feb 2010 07:54 PM PST

Figure 1 is a daily chart of the S&P500. The indicator in the lower panel measures the ratio of the amount of assets in the Rydex bullish and leveraged funds relative to those funds that are bearish and leveraged.

Figure 1. S&P500/ daily/ Rydex Bullish and Leveraged v. Bearish and Leveraged

The current value of the indicator stands at 0.89 suggesting that the Rydex market timers are bearish, and this is a bullish signal. See the recent strategy piece on how this signal is combined … [visit site to read more]

Chart Of The Week: US Retail Sales Recovering

Posted: 15 Feb 2010 07:01 PM PST

With all eyes seemingly focused on Europe last week, it seems as if investors largely ignored the new economic data coming out of the United States.

I consider the most important of the new pieces of economic data to be the January retail sales report, which showed retail sales increasing 0.5% on a month-over-month basis (consensus estimate +0.3%) and 4.7% on a year-over-year basis.

The chart of the week below attempts to put the recent retail sales numbers into a meaningful … [visit site to read more]

US Consumer Sentiment Stays Above 70 For 3 Months For The First Time Since The Start Of The Recession

Posted: 15 Feb 2010 06:51 PM PST

According to the University of Michigan, Consumer Sentiment fell slightly in February to 73.7 from 74.4 in January but has now remained above the 70 level for the last three months in a row (72.5, 74.4 and 73.7 in December, January and February), for the first time since the recession started during the three-month period from December 2007 to February 2008 (see chart above), signalling a gradual restoration of consumer confidence about the economy.

Compared to February a year … [visit site to read more]

Less Is Now Better

Posted: 15 Feb 2010 06:01 PM PST

Through the years, some research studies have found that when consumers have too many choices, that can leave them feeling frustrated or indecisive. However, a recently published meta-analysis of 50 published and unpublished experiments that investigated “choice overload” actually came to a different conclusion: consumers generally respond positively to having many choices.
Of course, that’s all well and good when people have plenty of money to spend, businesses are seeing a steady stream of … [visit site to read more]

Forex Trading: Euro Marginally Higher In Asia (Click For Charts)

Posted: 15 Feb 2010 05:45 PM PST

The EUR/USD pair has received a modest bid early in the Asian session after trading in a very tight range in NY on a US holiday. Following a year-end move lower toward the 1.45 handle as long Euro positions were closed after a strong year, the pair has continued lower on further woes out of Greece and market concerns on other borderline EU members (namely Spain and Portugal.) Mixed comments out of the EU on the subject of support for these member states and market speculation has weighed … [visit site to read more]
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