Daily Markets - Financial News And Opinions

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• Understanding How Your Investments Are Taxed With Cleo Hamel Of H&R Block Canada
• Crude Prices Stagnate Amid Doubts About Global Demand
• Forex Trading: Eurozone CPI
• More On The Sickeningly Sweet Deal For Big Sugar
• Is The U.S. Headed For A Downgrade To AA Rating?
• Forex Trading: Eur/Usd Looking Bearish Going Into German ZEW
• A Strong Yuan Is In China’s Own National Interest
• Time Bombs Everywhere
• Big Oil’s PR Campaign In The Face Of Waning Demand
• Companies Play The Earnings Game
• Reasons To Go Long This Commodities Index ETF
• US Dollar Vs. Euro: Which Currency Will Win?
• Discovering Their Inner Chefs
• The Recent Intraday Divergence In Gold ETF And SPY
• Wall Street’s Oligopoly Exploits Its Clout
• Chinese Premier Wen Jiabao Rejects U.S. & European Pleas, Says Yuan To Stay Stable
• Forex Trading: Decline In Euro Helps Halt The Recent Slide In USD/CHF
• Video: The Day Ahead: Fed Interest Rate Decision
• Stock Picks For Tuesday 16 March: General Electric, GigaMedia, Xenoport

Understanding How Your Investments Are Taxed With Cleo Hamel Of H&R Block Canada Posted: 16 Mar 2010 04:01 AM PDT Cleo Hamel of H&R Block Canada Biography: Cleo Hamel brings a wealth of financial and tax experience to the Tax Advisory at H&R Block Canada. She is also the national spokesperson and has been interviewed across the country. Cleo joined H&R Block in January 2000 as a tax associate and was steadily promoted within the organization. She was a tax course instructor, an Assistant District Manager and District Manager before taking her current position in 2006. Being the … [visit site to read more]

Crude Prices Stagnate Amid Doubts About Global Demand Posted: 16 Mar 2010 03:28 AM PDT Note: This article is reprinted here with permission from oilprice.com. Tim Oil Market Summary 03/08/2010 to 03/12/2010 Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the week, with the benchmark West Texas Intermediate settling on Friday at $81.24 a barrel, compared with $81.50 a week ago. Not even relatively bullish forecasts for oil demand, such as the International Energy Agency's report on Friday … [visit site to read more]

Forex Trading: Eurozone CPI Posted: 16 Mar 2010 03:12 AM PDT Released at the same time as the German ZEW sentiment number was CPI data also out of the eurozone, whose reading was in line with its forecast. CPI (y/y) - Survey: 0.9%   Actual: 0.9%   Prior: 0.9% Core CPI (y/y) - Survey: 0.8%   Actual: 0.8%   Prior: … [visit site to read more]

More On The Sickeningly Sweet Deal For Big Sugar Posted: 16 Mar 2010 03:01 AM PDT From Monday’s WSJ front page: The gap between what Americans and the rest of the world pay for sugar has hit its widest level in at least a decade, breathing life into the battle over U.S. import quotas that prop up the price of the sweet stuff. For years, U.S. prices have been artificially inflated by import restrictions designed to protect American farmers. That has kept the price well above the global market (see top chart above - the U.S. beet sugar price has averaged more than … [visit site to read more]

Is The U.S. Headed For A Downgrade To AA Rating? Posted: 16 Mar 2010 02:01 AM PDT Living beyond one’s means is not a path to long-term prosperity. While America is still the greatest nation on earth in so many regards, a glaring problem within our society is the predilection of our government to think that massive deficits do not have real implications. Washington politicians are forever spending what we as a nation do not have in order to maintain their own positions of power. That is a path to mediocrity, if not worse. Who is sending a warning shot today across our … [visit site to read more]

Forex Trading: Eur/Usd Looking Bearish Going Into German ZEW Posted: 16 Mar 2010 01:09 AM PDT Eur/Usd has methodically given back gains from March 12 high of 1.3796. Amid fears that Moody may downgrade German, French and Spanish AAA rating Euro has traded down to 1.3640 on March 15th, below its 200 hour M/A, but has not cleanly broke through. Early in today's session the pair was trading above the 100 hour M/A of 1.3681, but had met resistance at 1.3699, the 38.2% Fibo. In recent trading it appears to have broken below and now flirts with the 200 hour at 1.3651. Any negative … [visit site to read more]

A Strong Yuan Is In China’s Own National Interest Posted: 16 Mar 2010 01:01 AM PDT The U.S. has pressured China for some time to allow its currency, the yuan, to appreciate. China, in our assessment, will not allow the yuan to appreciate at the request of U.S. policy makers, but rather when China deems it to be in its own national interest. Indeed, we believe this time has come. Domestic demand Much is said about encouraging domestic demand in China to achieve a less export dependent economy. The U.S. and China, however, have a different understanding of what … [visit site to read more]

Time Bombs Everywhere Posted: 16 Mar 2010 12:43 AM PDT John Maudlin once observed that western governments and societies were behaving like teenagers: In a way, we were like teenagers. We made the easy choice, not thinking of the consequences. We never absorbed the lessons of the Depression from our grandparents. We quickly forgot the sobering malaise of the ’70s as the bull market of the ’80s and ’90s gave us the illusion of wealth and an easy future. Even the crash of Black Friday seemed a mere bump on the path to success, passing so quickly. … [visit site to read more]

Big Oil’s PR Campaign In The Face Of Waning Demand Posted: 16 Mar 2010 12:01 AM PDT Postulating that we can recognize a broad and well-crafted PR campaign for higher oil prices orchestrated by those interested oil industry parties, oil companies, oil traders, and compliant media, evidence to the contrary clearly indicating waning demand is all around us. Read on to understand how their self-interested manipulation could be everyone’s downfall. Let’s begin by noting the following fresh oil exec quotes from a recent MarketWatch article. “There’s been a fundamental shift in … [visit site to read more]

Companies Play The Earnings Game Posted: 15 Mar 2010 11:01 PM PDT With tax-day just one month away, it seems appropriate to talk about earnings today. To add to the serendipity, we’re just two weeks away from the anniversary of the capitulation of the Financial Accounting Standards Board (FASB), which ultimately changed how companies are allowed to report earnings. That might not sound like too much of a big deal, but at the time, accountants were at least mildly concerned about changes to Generally Accepted Accounting Principles (GAAP) - a huge document … [visit site to read more]

Reasons To Go Long This Commodities Index ETF Posted: 15 Mar 2010 10:01 PM PDT With China canceling U.S. soybean shipments, and national corn and wheat stockpiles hitting all-time highs, the fundamentals are looking dicey in the ag markets right now. But there are still opportunities to be found, says Tom Fernandes, director of operations for GreenHaven, LLC. An expert in commodity futures, Fernandes is the founder of the Grain Service Corporation and the manager of operations for the GreenHaven Continuous Commodity Index Fund (GCC), an equally weighted, … [visit site to read more]

US Dollar Vs. Euro: Which Currency Will Win? Posted: 15 Mar 2010 09:01 PM PDT Former European Commission President Romano Prodi this week said the worst of Greece’s financial crisis is over and other European nations won’t follow in its path. The Sunday Telegraph also reported the European Union (EU) nations were preparing a “bailout package” for Greece that could exceed $34.4 billion as early as Monday the 15th, with Germany and France the main cash backers. So far, Greece has not sought help from its EU partners. However, an April and May deadline to repay … [visit site to read more]

Discovering Their Inner Chefs Posted: 15 Mar 2010 08:45 PM PDT Just because people aren’t eating out as much as they used to doesn’t mean they have lost their appetites. Based on the following reports, it appears that a growing number of Americans are developing a taste for do-it-yourself culinary delights: “Home Cooking on the Rise, Spurred by Economic Downturn” (Kansas City infoZine News) Washington, D.C. - The unsettled economic outlook is sending Americans into the kitchen, according to a new survey commissioned by the American Institute for Cancer … [visit site to read more]

The Recent Intraday Divergence In Gold ETF And SPY Posted: 15 Mar 2010 08:41 PM PDT For those who follow gold and the S&P 500 closely, you’ve certainly noticed that prices are diverging after SPDR Gold Trust’s (GLD) peak on March 3rd while the SPY (S&P 500 ETF) continued on to new recovery highs and *may* have peaked Friday. Let’s take a look at the 30min combined chart to see the positive relationship… and where it recently hit the rocks. (Click Image for Full-Size Chart) The Gold color is the GLD ETF, scaled on the left axis while the black color … [visit site to read more]

Wall Street’s Oligopoly Exploits Its Clout Posted: 15 Mar 2010 08:01 PM PDT Pricing power is everything. What businessman wouldn’t like greater control and influence over the pricing of his goods and services? How are prices determined? In a capitalist system, prices are a function of the competitive forces of supply and demand. What happens when competition dwindles? Pricing power for the suppliers increases. How does competition dwindle? When barriers to entry are so high, or competitors go out of business. This economic reality is also known as an … [visit site to read more]

Chinese Premier Wen Jiabao Rejects U.S. & European Pleas, Says Yuan To Stay Stable Posted: 15 Mar 2010 07:49 PM PDT China’s Premier Wen Jiabao vigorously defended his country’s economic policies on Sunday, rejecting calls to let the yuan appreciate, and ratcheting up trade tensions with the United States where lawmakers and economists insist his stance is hindering a global recovery. “I don’t think the renminbi is undervalued,” Wen said at a press conference in Beijing, using the Chinese currency’s official name. “We oppose countries pointing fingers at each other and even forcing a country to appreciate … [visit site to read more]

Forex Trading: Decline In Euro Helps Halt The Recent Slide In USD/CHF Posted: 15 Mar 2010 07:41 PM PDT The Euro finished lower on reports that a few Euro Region finance ministers are rejecting the idea of a bailout for Greece. Over the weekend, ahead of the start of Monday’s two-day meeting in Brussels, German Finance Minister Schaeuble and French Finance Minister Lagarde downplayed the possibility of a bailout package. This news was contrary to reports last week which speculated on a $41 billion bailout proposal from German and France. The failure to obtain financial aid could be a blow to the … [visit site to read more]

Video: The Day Ahead: Fed Interest Rate Decision Posted: 15 Mar 2010 07:00 PM PDT The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

Stock Picks For Tuesday 16 March: General Electric, GigaMedia, Xenoport Posted: 15 Mar 2010 06:58 PM PDT ( click to enlarge ) GigaMedia (NASDAQ:GIGM) - Although some indicators are weak resulting fromMonday’s retracement, the 13-day moving average suggests that this could be an excellent buying opportunity before the next big move. The bounce from 3.10 seems to be a valid buy signal. ( click to enlarge ) General Electric (NYSE:GE) looks like it broke an ascending triangle and could go to $20. Volume confirms. Momentum indicators looking good. Buy as close to 17.10 as possible. ( click … [visit site to read more]

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