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- Wednesday: Daily Market Commentary
EURO
The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5885 level and was supported around the $1.5775 level. The common currency reached its highest level since 24 April as traders positioned themselves ahead of tomorrow's interest rate decision and press conference from the European Central Bank. Most traders expect the ECB will lift its main refinancing rate target by 25bps to 4.25% and the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Auto Sales Plummet, SUV's Hit Hard
Back in the day my pal Will had the coolest car on the lot. It wasn’t a Camaro, a Trans Am, or even a Firebird.
It was a Checker, and there was nothing like it in any zip code that I was familiar with.
He called it his lead sled and it was a name that was well earned. It was massive. In fact, it was so big that you could literally stretch your legs out in the back seat as far as you could and never get anywhere close to the front seat.
As for the trunk, well you could practically live … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Gold and Silver ETFs Looking Shiny Amid Middle Eastern Tension
As tension mounts over Iran’s nuclear program, about the only thing looking shiny are precious metals, and their related exchange traded funds (ETFs).
Gold rose to its highest level in almost 10 weeks yesterday over speculation about Iran’s nuclear program, while silver has also gained, as investors sought shelter from market trauma. But after a 10% gain in the last week, gold dropped back slightly today, visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Two Profit Plays To Make As The Fed Inflates The Commodities Bubble
By Martin Hutchinson
U.S. Federal Reserve Chairman Ben S. Bernanke ignored the warnings of most economists last week, and kept the benchmark Federal Funds rate at 2%, far below the actual rate of inflation.
As a result of this non-move, investors can probably look forward to having global commodities boom to continue for at least a while longer.
Here’s why.
Genesis of a Commodities Boom
Although the overall commodities boom has been … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - New Up/Down Oil ETFs Open For Business
Just as two exchange traded funds (ETFs) tied to the price movements of oil reached their termination triggers and closed on June 25, two more will be entering the market space to replace them.
MacroMarkets launched MacroShares $100 Oil Up (UOY) and MacroShares Oil Down (DOY) today. These funds are the second products from the provider.
The previous funds - … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Investing In Algae Biofuel
When the price of oil rises just one dollar, the Pentagon’s fuel expenses climb an astounding $130 million.
So the $50 rise in oil prices over the past six months has taken over a half billion dollar toll on the U.S. government. And that’s on your dime.
Obviously the massive machinery needed to transport troops and equipment by air, land and sea is the reason for the military’s high fuel use. But just how much does the Defense Department—the government’s largest consumer of petroleum … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Tupperware Showing Greater Value
In a blog post dated April 16th, we noted that in the low $40's Tupperware Brands (TUP) was overvalued. Furthermore, the stock was trading well outside of historical valuation norms in an unfavorable market climate. At that time, we suggested that TUP was a great sell candidate and shareholders could use gains from the stock to buy more undervalued securities. Well the price continued to rise for another week hitting multi-year highs before topping out at just … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Dollar Up, Dollar Down: There's An ETF For That
Morgan Stanley has made a bold prediction that, if true, could help the bullish dollar exchange traded fund (ETF).
The strategist said that we’re in the waning period of the dollar’s decline against most of the major currencies around the world, CNBC reports. But temper that excitement, because the financial sector is still taking a beating, and the Federal Reserve could be forced to make more interest rate … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Stock Picks And Trade Ideas For Wednesday - GOOG, CELG, MA, SNDK
Chart courtesy of stockcharts ( click to enlarge )
Shares of Sandisk (sndk) fell sharply Tuesday to a new 52 week low as the maker of flash chips was the subject of another bearish Wall Street note. Kevin Vassily analyst of Pacific Crest Securities cut … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Market Volatility And A Short Term Bottom?
First thing I want to say is that no one should “count” on a bounce. Suddenly the bulls are coming out of the wood work to say that a short term bottom is in. But, I say again…you CANNOT bet the farm on a short term bottom, if that is what is currently forming. I can't emphasize enough how precarious the market is at this point. Regardless of current technical indicators, the potential for a significant market downturn is STILL on the table. Today we advised closing the index shorts after … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Starbucks Hit By Economy, Plans Hefty Store Closures
The global gourmet coffee giant, is and has been under tremendous pressure to come up with something, anything to regain Investor confidence, as a weakening US economy is having a dramatic effect on earnings. The company had previously announced a slo… … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Daily Forex Market Commentary
EURO
The euro lost marginal ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5720 level and was capped around the $1.5815 level. The common currency extended some of yesterday's intraday losses as traders continue to position themselves ahead of Thursday's interest rate decision by the European Central Bank in which policymakers are expected to life the main refinancing rate by 25bps to 4.25%. The big question … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - New Energy Finance - NEX - Week in Review
It is amazing how fast Tuesdays come around! Each week on Tuesday I provide a review of the previous week's performance of the WilderHill New Energy Global Innovation Index, symbol NEX. This information is provided by New Energy Finance. The NEX is the bogey for the PowerShares Global Clean Energy Fund (PBD).
First, a quote from the news release that I find very appropriate:
The clean energy sector continues to sail on turbulent seas, blown along by the apparently inexorable … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Will Countrywide Be Bank Of America's Golden West?
Wachovia (wb) effectively threw in the towel today with respect to making a return on their purchase of Golden West when they decided to stop offering option-ARMs. When you consider the fact that Countrywide (cfc) has even larger numbers of exotic mortgages on its balance sheet not to mention being a major subprime player, you have to wonder if Countrywide will become Bank of America’s (bac) Golden West.
Don’t get me wrong I understand … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Vanguard's New ETF Covers The World
Vanguard is becoming more worldly, as the provider has launched an all-world exchange traded fund (ETF) on NYSE Arca.
Vanguard Total World Stock ETF (VT) is based on the FTSE All-World Index, and tracks the performance of 2,900 stocks of companies in 47 different countries, including both emerging and developed markets.
This adds to the circle of other all-world ETFs, aka one-size-fits-all investing. These types of ETFs are a good … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Jim Rogers On Oil And The US Dollar
As we told weekend Energy and Capital readers, the Energy Department believes oil prices will fall to $70 a barrel in the next seven years, as production begins in Azerbaijan, Canada, Brazil and Kazakhstan.But a $70 scenario assumes that OPEC producers will maintain their 40% market share of global oil supply, with plans to invest in additional production. From $70, it’s expected to rise to $113 a barrel by 2030, a sharp revision from last year’s $59 by 2030 report.
Even $113 may be … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The Four Tough Questions To Ask Yourself In A Tough Market
By Keith Fitz-Gerald
For investors who are used to living large, this has been the year from hell.
The markets are tanking. Food costs 25% more than it did a year ago. Inflation is on the march for the first time in decades. The sky’s the limit on gasoline after oil prices have doubled in the year.
No doubt about it: As far as financial downturns go, this mess is the real deal.
With that in mind, we’ve taken the time to provide you with candid answers to … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - High Yield Fund At A Discount
I added the Alpine Global Dynamic Dividend Fund (AGD) to this site's Income Portfolio primarily to get some exposure to higher yielding international stocks. I like the fund for several reasons:
- It gives exposure to high-yielding international stocks.
- They do not use leverage or pay out capital to sustain the dividend.
- They use a dividend capture strategy to collect extra dividends during the course of the year, enhancing the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Iranian Threats Keep Oil Elevated; US Stocks and Dollar Slip
Oil continues to trade near elevated levels (above $143 as at the time of writing) on Iranian verbal threats, and the Dow Jones Industrial Average is down more than 130 points. Iranian Deputy Oil Minister was reported as saying Iran is ready to repel any attack, and said that an attack would disrupt oil exports and disrupt the entire oil industry in the Middle East. Middle-East tensions are at the forefront again. Meanwhile, OPEC president said that oil prices reflect war risk, and to keep oil … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Tuesday: Daily Forex Analysis
Today's US Dollar Trading
• USD loses ground but attempts a recovery
• Stops run
• Volumes moderateOvernight Preview
• Two-way action likelyLooking Ahead to Tuesday
All times EASTERN (-5 GMT)
• 10:00am USD ISM Manufacturing Index
• 10:00am USD ISM Manufacturing Prices
• 10:00am USD Construction Spending m/m
• Tentative USD Domestic Vehicle Sales
Expect ISM to remain … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
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