Latest Articles

USD rebounds slightly on profit taking

November 11, 2009

USD rose a bit against most major currencies Tuesday as some investors took after the ’s declines in the previous session. On a weekend meeting held in Scotland, the G-20 policymakers agreed to maintain support for the economic recovery and failed to address the dollar appreciation issue. That action drove the US currency lower Monday, with the dollar index falling to its lowest level since August 2008. The took a break Tuesday on profit-taking and short-covering ahead of the Veterans Day Holiday. But savvy market observers believe that the will remain under pressures on the carry trade action. (Note: In carry trades, investors sells a currency with a relatively low interest rate and uses the funds to purchase a different currency or commodity yielding a higher interest rate.) There are indications that the is now serving as the funding currency for carry trades, said the International Monetary Fund in a report released last Saturday. Read more

Popularity: unranked [?]

World Bank boss says China’s Yuan can be alternative reserve currency

November 11, 2009

Considering China’s growth trend and Beijing’s effort to internationalize its currency, the Chinese Yuan can develop into the alternative to the as a global reserve currency in 10yrs, World Bank President Robert Zoellick said Wednesday. In an investment summit held on the sidelines of the 17th Asia-Pacific Economic Cooperation (APEC) Leaders’ Week meetings, Zoellick said though the Chinese currency now can not be used easily overseas, but he believes that it will become more internationalized over the next 10 to 15 ys. This does not mean that the Yuan will replace the but it can provide an alternative and you have the multiplicity of the exchange rates, Zoellick said, noting the rise in the number of currency swaps arrangements being inked between Beijing and governments around the world. China signed these arrangements with its trading partners to avoid the risks posed by a volatile . Since mid-December 2008, Beijing has signed currency swap contracts worth 650 billion yuan (US$95.6B) with central banks in the Republic of Korea, Malaysia, Belarus, Indonesia and Argentina and the monetary authorities of Hong Kong. Read more

Popularity: unranked [?]

Global markets eying new Y 2009 highs

November 10, 2009

across a basket of assets are poised to challenge new highs for Y 2009, after a strong rally on Wall Street took the to a new high and a weak convinced investors into making riskier bets. European exchanges were predicted to start today with solid gains. This would be the 5th consecutive day of gains, taking the FTSE 100 close to its 12-month high of 5,281.54. Equity markets in Asia rose after the in finished at a new high for Y 2009, up 2% at 10,226. The US benchmark index, the S&P 500, rose 2.2%, and at 1,093.08 finished just shy its closing high for Y 2009 of 1,097.91. US futures currently point to the S&P 500 opening down about 4 pts on mild profit taking. Mainland China’s benchmark, the Shanghai Composite rose 0.4% to 3,189.03, Hong Kong’s Hang Seng was up 0.8% at 22,385.97. In Australia, the S&P /ASX 200 rose 1.3% as mining stocks surged. The dollar index hovered around the 75 level on a trade-weighted basis, having dipped to a 15-month low of 74.9 Monday. Traders will be watching to see if the US$ breaks decisively below 75 such a move could cause further selling. A well-received auction of US government bonds overnight supported Treasuries. Read more

Popularity: unranked [?]

Gold moves North to new record high on weak USD

November 10, 2009

futures on the COMEX Division of the Merc set a new all time high Monday as the US$ slid to a 15 month low. and followed North. The most active contract for December delivery climbed US$5.70, or 0.5 percent, to finish at 1,101.40 oz. The yellow metal ran to a record high of US$1,111.70 oz earlier in the session. The US Dollar, perhaps the most important factor affecting , moved sharply South after the news over the weekend that the G-20 countries will keep stimuli in place. This encouraged investors to buy high risk currencies. The dollar index, which measures the “” against a basket of foreign currencies, fell more than 1% to its lowest level of 75.025 since last August, fueling ’s appeal of hedge. Rising stock and energy markets provided additional support to the precious metal. The rose to new highs for the year while for December delivery rose about US$2.00 bbl on the Merc. December was up 10.5 cents to US$17.48 oz and January gained US$19 to US$1,367.20 oz. Read more

Popularity: unranked [?]

Warren Buffett’s Berkshire Hathaway triples profit

November 9, 2009

Warren Buffett Friday highlighted his rebound from last year’s poor performance as strong stock markets and derivatives gains helped Berkshire Hathaway, his investment vehicle, triple in Q-3 to US$3.24B. Berkshire’s earnings were even higher than Q-3 at Goldman Sachs, Wall Street’s most profitable bank and one of Buffett’s holdings, and will provide the billionaire investor with more firepower for acquisitions. Last week, Buffett announced his biggest deal ever, the US$26.4B purchase of Burlington Northern Santa Fe, a giant US railroad operator, and said that he was in the market actively looking deals. After a tough Y 2008 during which Berkshire was hit by the global slowdown and recorded the worst performance since he took over the group in 1965, Warren Buffett has taken advantage of the recovering economy and stabilizing markets. Berkshire’s per-share book value, or total assets minus intangible assets and liabilities, surged 10% in the Q-3 and is up 15.2% from the start of Y 2009, because of a rise in the value of its huge stock holdings. Read more

Popularity: unranked [?]

US productivity jumps to 9.5% in Q-3

November 6, 2009

Productivity in the US non-farm-business sector grew at an annual rate of 9.5% in Q-3 Y 2009, the biggest quarterly gain in six years, the reported Thursday. The Q-3 reading for productivity, the amount of output per hour of work, was also better than the 6.4% gain that had estimated. Employers’ unit labor costs, or costs of wages and benefits for each unit of output, plunged at an annual rate of 5.2%. The US economy rose at a pace of 3.5% in Q-3 after four consecutive quarters of contraction, a strong signal that the worst recession since the Great Depression is over. Productivity is considered the Key ingredient needed for rising living standards because it allows companies to pay their workers more without having to raise the price of their products, which fuels inflation. Read more

Popularity: unranked [?]

Trader's Edge

Successful people share the same qualities and just because a man or a woman becomes a great athlete or great statesman does not always mean that he/she is also a good husband or father or a great trader.

The qualities that to me are the most important are; passion, discipline, focus, determination, a plan, patience, recognizing opportunity and acting on the opportunity, and giving back in some manner.

These qualities all contribute to and are likely to lead to success.

Remember you cannot trade well if you do not have a plan, fail to focus or try to force trades through impatience? Have you got what it takes?

Even if you know absolutely nothing about how to start making a living in the stock market, and want to learn how to do it, the first step is to learn from someone who knows how to do it successfully. The stock market is about success, and the lifestyle that comes with it, but it must be done carefully, both by picking the issues and in the trading of them, because one wants to make money doing it independently and without stress. A journey of a thousand miles begins with the first step (Confucius);

Stock Preacher's Free Ebook, “Knowledge is Power”, is FREE when you sign up to receive the Stock Preacher Newsletter - Check it out... It's FREE!

Happy Trading, and remember that although Knowledge is Power, The rest is up to You! -Stock Preacher

Featured Contributor

Paul A. Ebeling, Jr

Paul A. Ebeling, Jr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices for the Stock Preacher. His report is a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world. Ebeling has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

Testimonials

The Preacher's alerts continue to amaze me! I have made money on almost ALL of his alerts since joining his free newsletter. His insight and commentary on the market is second to NONE! Thanks Preacher! Jonathan - Lansing, MI

After following a few of your recent Stock Profiles, I can see the potential for some very nice returns in the market... I can't wait until your next Profile comes out! Thank you, and please keep me updated. Steve - Houston, TX

I will admit that after reading your newsletter, my eyes are WAY MORE OPEN! I now have a way better understanding of how the markets work, and when I speak to my broker, I actually understand what he's talking about :) Thank you very much! Maria - Los Angeles, CA

Stock Preacher: your alerts have made me REAL money! Thanks for all the tips and insight that you've given to me and my partners! We can't imagine trading the markets without being a part of your newsletter! Preach on! Walter H. - Everett, WA

CNN, CNBC and The Howard Stern Show
Clicky Web Analytics