Mar 12, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Forex Trading: Eurozone Industrial Production

Posted: 12 Mar 2010 02:03 AM PST

Eurozone Industrial Production m/m came in at 1.7%, stronger than the 0.8% forecasted and -1.7% prior reading.
Eur/Usd has been bid all session and has recently made new high at 1.3763. The pair has given back 10 points, but still looks … [visit site to read more]


Video: IATA Forecasts Airline Industry Recovery

Posted: 12 Mar 2010 01:00 AM PST

The International Air Transport Association (IATA) forecasts a recovery in the global airline industry in 2010. While airlines are expected to post a loss of $2.8 bn, it is still an improvement from 2009. … [visit site to read more]

Number And Percent Of U.S. Tax Nonpayers At Record High; More Tax Filers Now See IRS As A Source Of Income

Posted: 11 Mar 2010 11:01 PM PST

Maximum Income a Married Couple with Two Children Can Earn and Pay NO Federal Income Tax

From The Tax Foundation:
A nonpaying tax return is one filed by an individual or couple who, thanks to legal credits and deductions, owes nothing. Nonpaying status used to be a sure sign of poverty or near-poverty, but Congress and the President have changed the tax laws to pull much of the middle class into the growing pool of nonpayers. The income level at which a typical family of four will … [visit site to read more]

Check Out These Income-Producing ETFs

Posted: 11 Mar 2010 10:07 PM PST

Trying to interpret what the markets are doing can be just as crazy-making as attempting to predict what’s happening. That’s why it might be necessary to add in some income-producing exchange traded funds (ETFs) along with the risky funds.

The always insightful Gary Gordon at ETF Expert has a few favorite income-producing ETFs, ranging from bonds to low-volatility funds holding preferred stocks and more. These are a few places where income can be found. As always, there are many more ETFs … [visit site to read more]

U.S. Foreclosures Dipped In February, Constrained By Rescue Programs And Poor Weather

Posted: 11 Mar 2010 09:01 PM PST

U.S. mortgage foreclosure filings dropped for the second straight month in February and posted the smallest annual increase in four years as government housing-rescue efforts and poor weather constrained bank repossessions, a report released by RealtyTrac Inc. showed Thursday.

RealtyTrac, which sells mortgage default data collected from more than 2,200 counties representing 90% of the U.S. population, said filings declined 2% from January. But filings were up only 6% from a year earlier, the … [visit site to read more]

Stock Picks For Friday 12 March: DryShips, Plug Power, Hemispherx BioPharma

Posted: 11 Mar 2010 08:21 PM PST

( click to enlarge )

DryShips (NASDAQ:DRYS) - The stock is threatening to break through the 200 day moving average which would be a very bullish sign for DRYS. Resistance is $6.26. The stock has been strong over the past days, so watch it closely the next few trading sessions.

( click to enlarge )

Plug Power (NASDAQ:PLUG) closed up two pennies on Thursday, which is a positive sign for Friday. The stock hit a high of $0.59 for the day, which is resistance for Friday’s follow through move. … [visit site to read more]

To Wall Street, Washington And World: Fool Me Once…

Posted: 11 Mar 2010 08:01 PM PST

…shame on you, fool me twice, shame on me!!!

There are a handful of financial journalists who pull no punches in telling the absolute truth and in providing real transparency. Bloomberg’s Jonathan Weil holds a special spot in the Sense on Cents Hall of Fame for his determination in calling people and institutions on the carpet. From Wall Street to Washington to around the global financial landscape, Weil leaves no stone unturned in promoting integrity. His commentary Thursday is … [visit site to read more]

Lin TV And AFC Enterprises Lead Small-Cap Percentage Gainers

Posted: 11 Mar 2010 07:23 PM PST

Lin TV Corp (NYSE:TVL), AFC Enterprises Inc (NASDAQ:AFCE), RXI Pharmaceutical Inc (NASDAQ:RXII) and Geoeye Inc (NASDAQ:GEOY) are among the biggest percentage Gainers in Thursday’s trading among companies with market capitalizations under $1 billion.

Also included among the results: Green Bancshares Inc (NASDAQ:GRNB), Fox Chase Bancorp (FXBC), Metabolix Inc (NASDAQ:MBLX), Nutri System Inc (NASDAQ:NTRI) and Isramco Inc (NASDAQ:ISRL).

Here are Today’s Small Cap Gainers:

Price at 4:15pm ET
Change
% … [visit site to read more]

U.S. Dollar Down Against Other Currencies As Demand For Risk Surges

Posted: 11 Mar 2010 07:18 PM PST

The U.S. Dollar declined into the close after trading in a tight range most of the day. A strong surge in the equity markets late in the session confirmed investor demand for risky assets, thereby pressuring the lower yielding Dollar.
At times on Thursday, traders were demanding lower yielding currencies in response to an overnight report that showed China’s consumer-price index spiked higher in February. Investors speculated that its central bank would have to raise interest rates to curb … [visit site to read more]

Why So Concerned?

Posted: 11 Mar 2010 07:04 PM PST

Since hitting their lows last March, Fedex shares have rallied more than 150 percent and are not far off their 2009 highs.
Given that equity investors are supposedly able to anticipate the future, that must mean things looks are looking up for America’s premier transportation and logistics company.
Right?
And since the company’s fortunes are also closely tied to the health of the U.S. and global economies, money managers must also be betting that the economic outlook remains … [visit site to read more]

Video: The Day Ahead: U.S. Retail Sales

Posted: 11 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]

China Inflation Ticks Upwards

Posted: 11 Mar 2010 06:58 PM PST

China released its February inflation figures showing that CPI had increased 2.7% year over year in February, against expectations for 2.5%, and the January figure of 1.5%. The figure shows a trend of increasing inflation in China, and may make China’s goal of keeping inflation at 3% in 2010 somewhat difficult.

The key drivers of inflation include rising commodity prices, artificially low currency, large stimulus spending, loose monetary and credit conditions, as well as generally high … [visit site to read more]
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