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- Forex Trading: Gbp/Usd Trades Above 1.5025-30 Resistance
- Accounting Red Flags: 10 Things Investors Should Look Out For
- Video: Google Maps Launches Service For Cyclists
- A Perennial Bear Turns Sanguine
- New York Fed And US Treasury Tell Banks To Hold Cash
- A Look Inside The Recent Goldman Sachs Price Breakout Trade
- Forex Trading: AUD/USD In Bullish Trend
- Play The Chinese Yuan’s Fortunes With These ETFs
- Lower Price-To-Book Ratio Of Banks Highly Correlates With Smoke And Mirrors
- Daily ETF Roundup: XLF Rises, GDX Continues Slide
- Forex Trading: Euro Building Support Base For Potential Upside Breakout
- A Rare Breed
- Connecticut Attorney General Blumenthal Sues Moody’s, S&P
- Two Americas: Public Vs. Private Sector Update
- Video: The Day Ahead: U.S. Trade Balance
- China’s Exports Jumped 46% In February, Adding To Currency Pressures
| Forex Trading: Gbp/Usd Trades Above 1.5025-30 Resistance Posted: 11 Mar 2010 03:11 AM PST Gbp/Usd has broken above the 1.5025-30 level where its 100 & 200 hour M/A's lie. As stated in an earlier post the pair swiftly traded up to 1.5065-70 area where it met more resistance in the form of the 61.8% fibo at 1.5070. The longer the pair stays above 1.5030 the better chance we have of a breakout to the … [visit site to read more]
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| Accounting Red Flags: 10 Things Investors Should Look Out For Posted: 11 Mar 2010 01:11 AM PST After writing yesterday’s issue on the Enron Saga, I realized it might be helpful if I shared some of the red flags that can alert investors to corporate fraud. So I’ve put together a list of ten different possible pitfalls - what they mean, and how to spot them. Armed with this list, you’ll be much better prepared to pick the right investments. It’s important to do your own due diligence on your investments - because ultimately, only you are responsible for your success or failure. And I … [visit site to read more]
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| Video: Google Maps Launches Service For Cyclists Posted: 11 Mar 2010 01:00 AM PST Google Maps added directions for bicycle riders in the U.S. The biking directions are still in beta. … [visit site to read more]
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| A Perennial Bear Turns Sanguine Posted: 11 Mar 2010 12:50 AM PST I shudder whenever someone proclaims that we are entering a New Era, or this time it's different. There are certain things in life that I have come to depend on, such as a bearish Stephen Roach, the chairman of Morgan Stanley Asia and former global strategist. His writing used to be so depressing that you had to read King Lear to cheer up. He was such a perennial bear that I used to joke with my Morgan Stanley sales contact that Morgan Stanley needed to throw a huge party when he turned … [visit site to read more]
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| New York Fed And US Treasury Tell Banks To Hold Cash Posted: 11 Mar 2010 12:11 AM PST How often have Americans heard politicians screaming at banks for not providing credit? How often have those same politicians and bank regulators informed us that they are working to have banks inject money into the economy to support Main Street? Regrettably, America deals with this pandering and posturing from our political leaders and regulators all too often. While Americans are being told one thing, what are the regulators telling the banks? Hold cash. I am not shocked, but … [visit site to read more]
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| A Look Inside The Recent Goldman Sachs Price Breakout Trade Posted: 10 Mar 2010 11:21 PM PST Similar to that of Research In Motion (NASDAQ:RIMM), Goldman Sachs (NYSE:GS) stock broke a critical resistance level which set-up a great breakout trading opportunity for those poised to take advantage of it. Let’s learn the lesson from this breakout, discuss another example of the “Popped Stops” and “Open Air” concepts, and be ready to apply this lesson in the next stock where it happens. First, let’s set-up the scenario on the Daily Chart: We see the aftermath of the breakout, but … [visit site to read more]
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| Forex Trading: AUD/USD In Bullish Trend Posted: 10 Mar 2010 10:15 PM PST Though technically still entrenched within a sideways consolidation, AUD/USD (a daily chart of which is shown) has displayed a marked bullishness since the early February low. This bullishness has prompted the pair to rise above several key resistance levels to the point where the 15-month high just above 0.9400 is not far off. During the course of the bullish move from the February low, price has formed a well-defined uptrend support line. Currently, AUD/USD has just established a new … [visit site to read more]
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| Play The Chinese Yuan’s Fortunes With These ETFs Posted: 10 Mar 2010 09:15 PM PST The Chinese yuan has been pegged to the fortunes of the U.S. dollar, but that may no longer last. There are two ways to play the yuan with exchange traded funds (ETFs), as interest-rate differentials widen and China adopts a more traditional model of growth. Yi Gang, head of the State Administration of Foreign Exchange, stated that policymakers will keep the Chinese yuan’s exchange rate at a “reasonable and balanced level,” reports Judy Chen for BusinessWeek. Central bank Governor Zhou … [visit site to read more]
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| Lower Price-To-Book Ratio Of Banks Highly Correlates With Smoke And Mirrors Posted: 10 Mar 2010 08:20 PM PST Why do some banks seem to trade at cheap, if not depressed, levels? Investors do not trust the valuations of the assets on the books of these banks. I highlighted this very point the other day in writing, ”Where is Wall Street Hiding Hundred Plus Billion in Lo$$es?” A recently released report from the American Banker addresses this point of questionable asset valuations, or what I define as ’smoke and mirrors’. When you do not know or are not comfortable with how an entity is … [visit site to read more]
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| Daily ETF Roundup: XLF Rises, GDX Continues Slide Posted: 10 Mar 2010 07:47 PM PST Major indexes barely stayed in the green on Wednesday, as conflicting economic reports kept the market in a seesaw pattern for most of the day. The S&P 500 finished ahead by five points while oil closed just under $82/ bbl. The Commerce Department said that wholesale inventories fell 0.2% in January after dropping 1% in December. Companies' sales rose 1.3%, the tenth straight gain. The drop in inventories and the rise in sales suggests that companies may soon have to begin restocking. … [visit site to read more]
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| Forex Trading: Euro Building Support Base For Potential Upside Breakout Posted: 10 Mar 2010 07:31 PM PST The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major U.S. economic reports this week is still influencing the trade although this will change with Thursday’s Weekly Initial Jobs Claims Report.
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| Posted: 10 Mar 2010 07:29 PM PST I’ve spent a lot of time at Financial Armageddon denigrating economists, especially the academic kind, for their unrealistic — surrealistic? — views on how the world works. However, there are a few exceptions, including Yale Professor Robert Shiller, who has a remarkable track record when it comes to identifying bubbles, and two professors I’ve made reference to in one way or another in a number of posts (e.g., “Reality Seeping Through the Cracks at CNBC?” “A Few Observations of My Own,” … [visit site to read more]
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| Connecticut Attorney General Blumenthal Sues Moody’s, S&P Posted: 10 Mar 2010 07:21 PM PST When investors lose their shirts, what is the next thing that happens? They get pissed. Then what? They call their lawyers and file lawsuits. While individual firms on Wall Street face lawsuits all the time, it is not often that the institution of Wall Street itself is sued. In late January, we witnessed a massive lawsuit filed on behalf of the Federal Home Loan Bank of Seattle against a large number of Wall Street banks. To reference that suit, read here. Wednesday, The Wall Street … [visit site to read more]
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| Two Americas: Public Vs. Private Sector Update Posted: 10 Mar 2010 07:01 PM PST The BLS released its quarterly report Wednesday on “Employer Costs for Employee Compensation” for December 2009, and the key results are displayed above and summarized below. Private industry employers spent an average of $27.42 per hour worked for total employee compensation in December 2009. Wages and salaries averaged $19.41 per hour worked and accounted for 70.8% of these costs, while benefits averaged $8.00 per hour and accounted for the remaining 29.2%. Total compensation … [visit site to read more]
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| Video: The Day Ahead: U.S. Trade Balance Posted: 10 Mar 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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| China’s Exports Jumped 46% In February, Adding To Currency Pressures Posted: 10 Mar 2010 06:41 PM PST China exports in February rose for the third month in a row, beating forecasts and putting added pressure on government officials to rein in stimulus spending and loosen currency policies. Exports in February jumped 45.6% from a year earlier after a 21% advance in January, the customs bureau reported Wednesday on its Web site. Seasonally adjusted imports in February rose 6.3% from the previous month, reversing January’s 0.9% drop and narrowing the Red Dragon’s trade surplus, indicating … [visit site to read more]
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