20 Haziran 2011 Pazartesi

DailyMarkets.com - Forex – EUR/GPB Hits Daily Low On Greece Loan Delay Concerns

DailyMarkets.com - Forex – EUR/GPB Hits Daily Low On Greece Loan Delay Concerns


Forex – EUR/GPB Hits Daily Low On Greece Loan Delay Concerns

Posted: 20 Jun 2011 03:00 AM PDT

Forex Pros – The euro extended losses against the pound on Monday, as the cost of insuring Greek sovereign debt against default rose after euro zone finance ministers deferred a final decision on emergency loans to Athens.

EUR/GBP hit 0.8798 during European morning trade, the daily low; the pair subsequently consolidated at 0.8803, shedding 0.38%.

The pair was likely to find support at 0.8723, last Thursday’s low and a two-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down As Greek Emergency Loan Delay Weighs

Posted: 20 Jun 2011 02:27 AM PDT

Forex Pros – The U.S. dollar edged lower against the Swiss franc on Monday, as a delay by euro zone finance ministers on a final decision over emergency loans for Greece bolstered safe haven demand.

USD/CHF hit 0.8454 during European morning trade, the daily low; the pair subsequently consolidated at 0.8462, slipping 0.23%.

The pair was likely to find support at 0.8325, the low of June 7 and the pair’s all-time low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Tumble On Greek Rescue Delay; DAX Drops 1.2%

Posted: 20 Jun 2011 02:17 AM PDT

Forex Pros – European stock markets were sharply lower on Monday, after euro zone finance ministers deferred a decision on a new Greek bailout package, while U.S. futures indices pointed to a lower open on Wall Street. 

During European morning trade, the EURO STOXX 50 tumbled 1.5%, France’s CAC 40 slumped 1.3%, while Germany’s DAX 30 sank 1.2%.

On Sunday, Euro Group finance ministers said that a new bailout package for Greece … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Higher As Euro Zone Delays Greece Decision

Posted: 20 Jun 2011 01:36 AM PDT

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as risk aversion remained elevated as markets waited for a resolution to Greece’s sovereign debt crisis.

During European morning trade, the greenback was up against the euro, with EUR/USD dropping 0.75% to hit 1.4205.

On Sunday, finance ministers from the 17-nation single currency bloc said that a new bailout package for Greece would be decided by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/GBP Down As Euro Zone Delays Greece Loan Decision

Posted: 20 Jun 2011 01:14 AM PDT

Forex Pros – The pound was lower against the U.S. dollar on Monday, after euro zone finance ministers delayed a decision on emergency loans for Greece, adding to pressure on Greek Prime Minister George Papandreou to pass unpopular economic reforms.

GBP/USD hit 1.6110 during early European trade, the daily low; the pair subsequently consolidated at 1.6144, shedding 0.30%.

Cable was likely to find short-term support at 1.6077, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Tumble To 4-month Low On Stronger Dollar

Posted: 20 Jun 2011 01:09 AM PDT

Forex Pros – Crude oil prices extended sharp losses from the previous session on Monday, dropping to a four-month low as the U.S. dollar gained amid uncertainty over a second Greek bailout package, while concerns over a slowdown in demand from the U.S. also weighed.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD91.98 a barrel during European morning trade, tumbling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Current Account Deficit Widens More-than-expected

Posted: 20 Jun 2011 01:05 AM PDT

Forex Pros – The euro zone current account deficit widened more-than-expected in April, official data showed on Monday.

In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted deficit of EUR5.1 billion in April, after recording a deficit of EUR3.0 billion in March, whose figure was revised from a deficit of EUR4.7 billion.

Economists had expected the current account deficit to widen to EUR4.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Current Account (April) -5.1B Vs. -4.8B Forecast -3.0B Prior Reading.

Posted: 20 Jun 2011 01:03 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Broadly Stronger Dollar Edges Higher Against Yen

Posted: 20 Jun 2011 12:55 AM PDT

Forex Pros – The broadly stronger U.S. dollar edged higher against the yen on Monday, but gains were limited as investors remained cautious after euro zone finance ministers delayed a decision on a bailout package for Greece until next month.

USD/JPY hit 80.24 during late Asian trade, the daily high; the pair subsequently consolidated at 80.13, easing up 0.10%.

The pair was likely to find support at 0.79.69, the low of June 8 and a five-week low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Why We Are Fans Of Felix Zulauf

Posted: 20 Jun 2011 12:53 AM PDT

If you have read the Barry Ritholtz interview with Felix Zulauf you would know his cycle theory approach of placing on a sinewave a mark where he thinks current position is within each cycle.  Zulauf studies cycles of all types: Stock markets, economy, finance, population, money supply, growth, countries, etc. Zulauf will review a short and long term view of each cycle (and combination of) to see where the stock, currency and commodity markets are likely to peak or trough.

Believe it or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Trades In Tight Range On U.S. Dollar, Greece Uncertainty

Posted: 20 Jun 2011 12:26 AM PDT

Forex Pros – Gold futures traded in a tight range on Monday, fluctuating between small gains and losses as a broadly stronger U.S. dollar dampened the appeal of the precious metal, while uncertainty over a bailout package for Greece supported prices.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,538.65 a troy ounce during late Asian trade, dipping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Tumbles As Euro Zone Defers Greece Aid Decision

Posted: 20 Jun 2011 12:14 AM PDT

Forex Pros – The Australian dollar was sharply lower against its U.S. counterpart on Monday, as concerns over a Greek default continued after euro zone finance ministers deferred a decision on a bailout package for the indebted nation.

AUD/USD hit 1.0506 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0509, tumbling 1.07%.

The pair was likely to find support at 1.0439, the low of May 25 and a six-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down As Greece Uncertainty Curbs Risk Appetite

Posted: 19 Jun 2011 11:55 PM PDT

Forex Pros – The New Zealand dollar was lower against its U.S. counterpart on Monday, as uncertainty over a bailout package to save Greece from a default curbed demand for higher-yielding assets.

NZD/USD hit 0.8058 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8068, shedding 0.74%.

The pair was likely to find support at 0.7971, last Thursday’s low and a three-week low and resistance at 0.8206, the high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Dip On Greek Bailout Delay; Nikkei Flat

Posted: 19 Jun 2011 11:53 PM PDT

Forex Pros – Asian stock markets declined on Monday, after euro zone finance ministers postponed a decision on a Greek rescue package, while Japanese exporters declined amid concerns over the global economic recovery.

During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.65%, South Korea’s Kospi Composite fell 0.6%, while Japan’s Nikkei 225 Index edged 0.03% higher. 

Luxembourg’s finance minister Jean-Claude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down As Euro Zone Postpones Greece Decision

Posted: 19 Jun 2011 11:32 PM PDT

Forex Pros – The euro was down against the U.S. dollar on Monday, after Euro Group finance ministers deferred a decision on a second bailout package for Greece until mid-July.

EUR/USD hit 1.4217 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4227, shedding 0.59%.

The pair was likely to find support at 1.4072, last Thursday’s low and a three-week low and resistance at 1.4450, the high of June 15.
visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Producer Price Index Unexpectedly Flat

Posted: 19 Jun 2011 11:18 PM PDT

Forex Pros – German producer price inflation was flat in May, official data showed on Monday.

In a report, Destatis, Germany’s statistics office said that its producer price index was flat in May, after rising 1.0% in April.

Analysts had expected the index to rise by 0.2% in May.

The report showed that the producer price index rose at an annualized rate of 6.1% in May, after advancing at a rate of 6.4% in April. Analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Targa Resources Partners LP

Posted: 19 Jun 2011 11:05 PM PDT

Growth and income investors typically have to sacrifice a little bit of the former to get more of the latter, and vice versa. That doesn’t appear to be the case with Targa Resources Partners LP (NASDAQ:NGLS).
Targa is a Master Limited Partnership (MLP) that operates in the natural gas liquids (NGL) industry. The partnership pays a distribution that yields a whopping 6.5%.
Moreover, analysts are projecting stellar 52% earnings growth for NGLS in 2011 and 13% in 2012. Consensus estimates have been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Towers Watson & Co.

Posted: 19 Jun 2011 11:05 PM PDT

Towers Watson & Co. (TW) has been resilient in the recently choppy market, trading directly below its 52-week high on the heels of a 34% Q1 earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock offers momentum
Company Description
Towers Watson & Co operates as a global professional services company with a specialty in risk, people and financial management. The company changed its name from Watson Wyatt in 2010 and has a market cap of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: McKesson Corporation

Posted: 19 Jun 2011 11:05 PM PDT

McKesson (NYSE:MCK) reported strong fourth quarter 2011 results with EPS of $1.66, outpacing the Zacks Consensus Estimate and the year-ago earnings. Revenues climbed 8% to $28.9 billion. McKesson’s fiscal 2012 guidance was also above expectations. The company expects fiscal 2012 earnings in the range of $5.99 and $6.19 per share.
Based on the company s performance and the encouraging outlook for fiscal 2012, we are upgrading McKesson to Outperform from Neutral. McKesson is a major player in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Travelzoo, Inc.

Posted: 19 Jun 2011 11:05 PM PDT

Travelzoo Inc (NASDAQ:TZOO) operates in a industry that is absolutely on fire. Estimates are through the roof and earnings are expected to double this year.
Are shares this Zacks #1 Rank (Strong Buy) in a tailspin? or are they oversold and a great buying opportunity?
Company Description
Travelzoo Inc. is a worldwide travel website that offers discounted vacations through more than 2,000 companies.
Net Income Takes Off
The company’s last quarterly report was back on Apr 21 and included a 30% jump in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Ferrellgas Partners (FGP)

Posted: 19 Jun 2011 11:05 PM PDT

Ferrellgas Partners (NYSE:FGP), since the beginning of fiscal 2011, has already made four acquisitions. However, the partnership’s results in the second quarter continued the past trend of poor earnings.
Moreover, we believe the absence of distribution growth for more than a decade has led the partnership to trade at a discount to its propane peers. We do not see any catalyst to change this situation in the near-term, which should affect the unit price going forward.
We also see increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 19 Jun 2011 10:40 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.4226, down 0.60% at time of writing.

The pair was likely to find support at 1.4074, Thursday’s low, and resistance at 1.4439, Wednesday’s high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8825 and EUR/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 19 Jun 2011 10:15 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.

GBP/USD was trading at 1.6123, down 0.44% at time of writing.

The pair was likely to find support at 1.6079, Thursday’s low, and resistance at 1.6378, Wednesday’s high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8829 and GBP/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 19 Jun 2011 09:50 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Monday.

EUR/CHF was trading at 1.2115, down 0.22% at time of writing.

The pair was likely to find support at 1.1947, Thursday’s low, and resistance at 1.2245, Wednesday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.60% to hit 1.4226 and EUR/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During The Asian Session

Posted: 19 Jun 2011 09:20 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday.

USD/CHF was trading at 0.8508, up 0.29% at time of writing.

The pair was likely to find support at 0.8443, Friday’s low, and resistance at 0.8551, Wednesday’s high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.48% to hit 1.4244 and USD/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Will Gold Follow Gold Stocks Lower?

Posted: 19 Jun 2011 09:02 PM PDT

Gold stocks continued to lose ground last week and have now hit the same level they were at in September 2010.  Gold however was marginally higher last week and is still holding above its May 2011 lows.  The divergence between gold and gold stocks is clearly visible on the next chart:

I recently wrote a piece discussing gold and gold stock divergences over the past decade during this bull market in gold.  Most often gold stocks diverge from gold when selling in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down In Asian Trade

Posted: 19 Jun 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Monday.

EUR/GBP was trading at 0.8828, down 0.11% at time of writing.

The pair was likely to find support at 0.8722, Thursday’s low, and resistance at 0.8854, Friday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.41% to hit 1.4254 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 19 Jun 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.

USD/JPY was trading at 80.17, up 0.15% at time of writing.

The pair was likely to find support at 80.01, Friday’s low, and resistance at 81.06, Wednesday’s high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.34% to hit 1.4264 and GBP/USD falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 19 Jun 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.

USD/CAD was trading at 0.9820, up 0.26% at time of writing.

The pair was likely to find support at 0.9672, Wednesday’s low, and resistance at 0.9898, Thursday’s high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.36% to hit 1.4261 and GBP/USD falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In Asian Trade

Posted: 19 Jun 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0597, down 0.24% at time of writing.

The pair was likely to find support at 1.0478, Thursday’s low, and resistance at 1.0714, Wednesday’s high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3478 and AUD/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tiger Economics

Posted: 19 Jun 2011 07:05 PM PDT

From an interview with Michael 't Sas-Rolfes at the Percolator Blog:

“Conservation NGOs benefit from the tiger's charismatic high profile as a means to raise funds, and conservation scientists like to study tigers, so one could argue that they have an incentive to prevent them from becoming extinct. By contrast, rural people living near tigers have to deal with threats to their livestock and children, and human-tiger conflict is a serious problem over most of the wild tiger's range. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down In Asian Trading Hours

Posted: 19 Jun 2011 07:00 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Monday after the release of Japanese data on Trade Balance.

GBP/JPY was trading at 129.50, down 0.10% at time of writing.

The pair was likely to find support at 129.36, Friday’s low, and resistance at 132.02, Wednesday’s high.

Earlier in the day, official data showed that Japan’s trade balance fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


A Look At The PSEi

Posted: 19 Jun 2011 06:49 PM PDT

It was a wild Friday for the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi when market-on-close sell orders of heavyweights like PLDT (TEL) sent the index back in the red after trading in the positive zone for practically the entire session.
The PSEi was actually attempting invalidate its recent breakdown by moving back above 4,200.00. As you can see from its chart, the index broke down from a triple top pattern during the start of last week. Notice that it tried to jump back … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 19 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.4267, down 0.31% at time of writing.

The pair was likely to find support at 1.4074, Thursday’s low, and resistance at 1.4439, Wednesday’s high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8833 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 19 Jun 2011 06:05 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on Trade Balance.

USD/JPY was trading at 80.16, up 0.14% at time of writing.

The pair was likely to find support at 80.01, Friday’s low, and resistance at 81.06, Wednesday’s high.

Earlier in the day, official data showed that Japan’s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down In Asian Trade

Posted: 19 Jun 2011 05:45 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Monday after the release of Japanese data on Trade Balance.

EUR/JPY was trading at 114.41, down 0.14% at time of writing.

The pair was likely to find support at 113.50, Thursday’s low, and resistance at 116.26, Wednesday’s high.

Earlier in the day, official data showed that Japan’s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japan’s Trade Balance Falls Less-than-expected

Posted: 19 Jun 2011 05:45 PM PDT

Forex Pros – Japan’ trade balance fell less-than-expected last month, official data showed on Sunday.

In a report, the Ministry of Finance said that the country’s trade balance fell to a seasonally adjusted -0.47T, from -0.50T in the preceding month.

Analysts had expected the trade balance to fall -0.54T last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up On Economic Data

Posted: 19 Jun 2011 05:45 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on Trade Balance.

USD/JPY was trading at 80.21, up 0.20% at time of writing.

The pair was likely to find support at 80.01, Friday’s low, and resistance at 81.06, Wednesday’s high.

Earlier in the day, official data showed that Japan’s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Congrats To IBM For Surviving 100 Years Of Intense Market Competition And Government Lawsuits

Posted: 19 Jun 2011 05:34 PM PDT

IBM Stock Returns vs. Dow Jones Industrial Average, 1968-1985 (click to enlarge)

IBM is celebrating the 100th anniversary of its founding on June 16, 1911.  See a timeline here of “milestone events in one of the quintessential U.S. corporate success stories.”  It’s impressive enough for a company to still be profitable and successful a decade after it started, but it’s truly rare and extraordinary for IBM to be around for an entire century, and survive two world wars, 20 recessions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex News – Another Week Of Worries

Posted: 19 Jun 2011 04:01 PM PDT

By ForexMansion.com
 
Fears over Greece’s possible default continue for another week, as the European government failed to reach an agreement regarding the aid package, thereby investors continue to avoid risk and look for safe heaven.
Volatility could persists within the currency, Commodity, and equity markets this week awaiting a decisions from Europe, especially with the combination between the softer U.S. economy and the continuing credit crisis in Europe.
There will not be major data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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