Feb 4, 2010

Daily Markets - Financial News Updates

Daily Markets - Financial News Updates


Gold & Oil Move Down With Rising Volume On US Dollar Rally « Chris Vermeulen »

Posted: 04 Feb 2010 03:50 AM PST

Stocks and metals have been on a steady rise this week. The US Dollar drifting lower has helped to add fuel to the oversold bounce in equities and metals we are seeing.

Stocks - NYSE 65 Minute Chart
Stocks have started to show signs of a possible reversal to the upside. So far this week we have seen the major indices form a higher high and as of yesterday are stuck under the key resistance level shown on the chart below. The rally seen this week has been on light volume indicating … [visit site to read more]


Belgium ETF Signals Good News For Europe « Tom Lydon »

Posted: 04 Feb 2010 03:01 AM PST

Parts of Europe continue to limp along as they emerge from recession, but Belgium has given exchange traded fund (ETF) investors something to be enthusiastic about.

Business sentiment in Belgium is moving higher, and the numbers bode well for the overall Eurozone, if history is any indication. Philip Blenkinsop and Antonia van de Velde for Reuters report that the Belgian numbers are often a good indication of the movement of the closely watched German Ifo business climate index, as … [visit site to read more]


Forex Trading Review For 4 February 2010 « UFXBank »

Posted: 04 Feb 2010 02:27 AM PST

USD Dollar (USD)

The Dollar fell during the Asian session across the board but then recovered sharply and finished with important gains against major. Stocks lost ground in the US and fell moderately despite a better than expected data of The ADP Nonfarm Employment Change which came out -22K vs. -40K expected. Dow Jones lost 0.26% and NASDAQ managed to finish with a marginal increase of 0.04%. Crude oil jumped to 78$ level but failed to hold and fell back closing at 77.07$ a barrel. Gold … [visit site to read more]


Video: Textbook Publishers Ink Deal For E-Readers « NYFP »

Posted: 04 Feb 2010 01:00 AM PST

U.S. textbook publishers have signed deals with software company ScrollMotion to adapt textbooks for e-readers. … [visit site to read more]


Another Nail In The Equity Quant Coffin « Cam Hui »

Posted: 04 Feb 2010 12:54 AM PST

I had written extensively about why I am not a bottom-up equity quant, largely because the business of bottom-up equity quantitative analysis has become commoditized. Barriers to entry of equity quantitative analysis are falling rapidly. As a consequence, bottom-up equity quant alpha is shrinking rapidly.

Here is case in point. A friend recently asked me for my opinion of a service called Market Topographer. The service allows a user to analyze a stock based on a series of pre-determined … [visit site to read more]


Seven Surprising ETF Leaders Of 2010 « Michael Johnston »

Posted: 04 Feb 2010 12:00 AM PST

With just over a month in the books for 2010, equity markets have already been taken on a wild ride. After an initial jump, concerns over a government-imposed slowdown in China weighed on global stocks, particularly emerging markets and commodity-intensive businesses. As we enter February, many equity ETFs find themselves in the red for the year, attempting to claw back to break-even.
But we profile a seven funds that are off to a hot start in 2009. Many of 2009's best performers–such as … [visit site to read more]


As Middle East Peace Talks Hit Deadlock, Talk Of Israel Joining The European Union Increases « OilPrice »

Posted: 03 Feb 2010 11:01 PM PST

The Middle East peace talks are at a deadlock. Negotiations between Israel and the Palestinians to move ahead with the plan established by the so-called Quartet - the US., U.N., EU and Russia — have faltered and come to a complete standstill. Continuing with this inertia will have a long-term negative effect on the future of the region both from a political point of view as well as from a business perspective. With the exception of a few risk-takers, what company or business executive … [visit site to read more]


Watch These 3 Stock Market Warning Signs « Claus Vogt »

Posted: 03 Feb 2010 09:01 PM PST

The stock market does not turn on a dime. At least historically that’s been the case.

Take Japan as an impressive example …

At 10,300 the Nikkei is now 74 percent below its all time high of December 1989. On the long way down it has experienced many cyclical rallies, some of them amounting to gains of more than 100 percent!

All of them finally failed. Yet none did so by turning on a dime. There was always a distinctive topping process going on before the bear finally struck.

Or … [visit site to read more]


Jim Chanos On The China Bubble « Jacob Wolinsky »

Posted: 03 Feb 2010 07:01 PM PST

Great Video of Jim Chanos on the Chinese Bubble. He thinks a crash in China could cause far reaching consequences. He thinks the data on GDP is flawed, since the Government mandates a certain GDP number and makes sure that the number is reached. It also makes little sense that the GDP number always comes in around the same percentage.

The Video is nearly an hour … [visit site to read more]


Video: The Day Ahead: BoE & ECB Rate Decision « NYFP »

Posted: 03 Feb 2010 07:00 PM PST

The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]


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