Daily Markets - Financial News And Opinions |
- Seven Things That Must Happen Before The Fed Can Raise Interest Rates
- Dollar Dilemma
- Video: Asian Markets Mostly In The Red
- Forex Trading: GBPUSD Moves Up To Test 200 Hour MA. Bounce Off The 1.5556 Floor Solicits Short Covering Buyers
- Coming Soon: FactorShares’ New Approach To Leveraged ETFs
- Morning News Notes: 2/18/2010
- Forex Trading: EURUSD Moves Above 1.3584 And Squeezes Higher. 1.3634 Is The Next Target
- Forex Trading: USDJPY Comes Down To Initial Support And Bounces
- Swiss Franc: Continuation Of The Rebound
- Japanese Yen: Rebound
- British Pound: The Upside Prevails
- Euro: The Upside Prevails
- Five Reasons To Expect U.S. Stocks To Advance
- Forex Trading: GBPUSD Working Toward Support At 1.5556 And 1.5533 Support Levels
- Forex Trading: EURUSD Watching 1.3584 Area Above
- Judge Rakoff Orders FINRA Documents To Remain Sealed
- Forex Trading: GBPUSD Pressured On Budget Deficit News
- Why Would China And Japan Stop Buying U.S. Debt?
| Seven Things That Must Happen Before The Fed Can Raise Interest Rates Posted: 18 Feb 2010 07:56 AM PST Looking for an exact date when U.S. Federal Reserve Chairman Ben S. Bernanke and his fellow central bank policymakers will raise interest rates? Experts refer to this eventuality as Bernanke’s “exit strategy” - a financial euphemism for the interest-rate increases that are certain to come … at some point. That’s just it - those experts can’t tell you when that exit strategy will begin. I can’t tell you that, either (Sorry, loaned my crystal ball to Miss Cleo for her new … [visit site to read more]
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| Posted: 18 Feb 2010 07:18 AM PST Fundamentals
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| Video: Asian Markets Mostly In The Red Posted: 18 Feb 2010 07:13 AM PST The major Asian/Pacific markets were mostly in the red this session following steep declines in domestic shares. … [visit site to read more]
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| Posted: 18 Feb 2010 06:51 AM PST The GBPUSD also caught a short covering bid and squeezed sharply higher in volatile trading - moving above the 1.5600 resistance level in the process. The pairs ability to bounce off the key support at the 1.5556 got shorts scared and they raced for the exits. There is no other news but Gold is back higher as is oil and this has led to the dollar selling.
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| Coming Soon: FactorShares’ New Approach To Leveraged ETFs Posted: 18 Feb 2010 06:46 AM PST FactorShares, a brand new issuer, has submitted five new ETFs for SEC approval in the leveraged ETF space. The new funds include the FactorShares S&P 2x US Equity Premium, FactorShares S&P 2x US Anti-Equity Premium, FactorShares S&P 2x US Equity Anti-USD, FactorShares S&P GSCI 2x Crude Oil Premium, and FactorShares S&P GSCI 2x Gold Premium. Each fund will focus on capturing the spread between the S&P 500 and a certain benchmark, adding a twist to how leveraged ETFs have … [visit site to read more]
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| Posted: 18 Feb 2010 06:35 AM PST The “Morning News Notes” as prepared by TL… China and US tensions, FOMC minutes, states see $1 Trillion sink hole, and Simon Property Group and General Growth. Just click on the link or the coffee mug below. “Morning News Notes”: February 18, … [visit site to read more]
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| Forex Trading: EURUSD Moves Above 1.3584 And Squeezes Higher. 1.3634 Is The Next Target Posted: 18 Feb 2010 06:31 AM PST As per the prior post the 1.3584 was a key level to watch and once the market moved above we have seen some short covering in the pair (CLICK HERE FOR PRIOR POST). The topside target coems in at 1.3634 now. On the downside look for support against the 1.3584 level … [visit site to read more]
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| Forex Trading: USDJPY Comes Down To Initial Support And Bounces Posted: 18 Feb 2010 06:21 AM PST As per the prior post (CLICK HERE), the USDJPY came down to test support at the 90.53 level and bounced. The price is now in between the upside resistance at the 90.92 channel trendline and the support at 90.53. I would expect sellers against the topside resistance and perhaps buyers below at 90.53. Better buying support should come in at the 100 hour MA at the 90.34 area. This is also where the 61.8% of the last move higher comes … [visit site to read more]
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| Swiss Franc: Continuation Of The Rebound Posted: 18 Feb 2010 06:17 AM PST |
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| British Pound: The Upside Prevails Posted: 18 Feb 2010 06:17 AM PST |
| Posted: 18 Feb 2010 06:17 AM PST |
| Five Reasons To Expect U.S. Stocks To Advance Posted: 18 Feb 2010 06:01 AM PST When the stock market is enduring as much trouble as it has been lately, it pays to remember that there are still many positive catalysts that are in place and working to buoy securities prices. Let’s take a few moments to consider the top candidates: A Friendly Fed: The current U.S. Federal Reserve under Chairman Ben S. Bernanke is the most accommodative in history and is likely to keep short-term interest rates at or near zero for the remainder of this year. Occasionally there will be … [visit site to read more]
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| Forex Trading: GBPUSD Working Toward Support At 1.5556 And 1.5533 Support Levels Posted: 18 Feb 2010 05:48 AM PST The weaker data has the GBPUSD moving lower with the 1.5556 support and the low for 2010 at 1.5533 looming below (SEE PRIOR POST). There should be some profit taking buying against the levels. A break, however, should solicit additional selling pressure as the weight of government debt starts to weigh more and more on the pound.
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| Forex Trading: EURUSD Watching 1.3584 Area Above Posted: 18 Feb 2010 05:11 AM PST The EURUSD has consolidated at a lower level today. Support against last weeks lows at 1.3531 held with the low for the day coming in at the 1.3539 level. ON the topside we are watching the 1.3584 level which was the low on February 5th and then floor support on February 15th. A move back above this level may solicit additional buying today with an upside target at the 1.5633 area where lows and highs and the 100 hour MA is starting to move toward (currently at the 1.3641 and moving … [visit site to read more]
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| Judge Rakoff Orders FINRA Documents To Remain Sealed Posted: 18 Feb 2010 05:01 AM PST Nobody ever said it was going to be easy. The pursuit of truth, transparency, and ultimate integrity in our financial regulatory system can only be equated to a 15 round heavyweight fight. Yesterday, the sting of opposing blows landed hard upon our face as Judge Jed Rakoff ordered FINRA documents relating to the very formation of this Wall Street self-regulatory organization to remain sealed. Recall that the request to unseal these documents was made by attorneys representing Dow … [visit site to read more]
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| Forex Trading: GBPUSD Pressured On Budget Deficit News Posted: 18 Feb 2010 04:55 AM PST The GBPUSD was pressured last night on the back of the first budget deficit in the month of January since 1993. January is typically a budget surplus month as taxes are collected in the month. This year spending outstripped the tax receipts. This is obviously negative for the GBPUSD and should lead to further selling pressure in the pair. From a technical basis, the price moved below the lower "Goal Post" as defined by the 100 and 200 hour MA in the above chart … [visit site to read more]
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| Why Would China And Japan Stop Buying U.S. Debt? Posted: 18 Feb 2010 04:01 AM PST Our wizards in Washington should not be so naive to think foreign buyers, especially from Asia, will continue to finance our debt at current rates and at current levels. News yesterday that China is no longer the largest holder of our Treasury debt should not be discounted. What are the ramifications for our nation if China and other foreign buyers decline to purchase our debt or - even worse - actually start selling even more of their current holdings? A quick and violent move higher … [visit site to read more]
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