Month: July 2012

By TraderVox.com

Tradervox.com (Dublin) – The pair has been trading on its regular trend but lost uptrend support last week. With Bank of Japan’s monetary policy meeting minutes due to be released this week, the cross is expected to remain neutral over the course of the week. The Bank of Japan resolved last week to keep the interest rates between 0.0 percent and 0.1 percent and made a technical move of moving 5 trillion yen from its credit facility fund to its asset purchasing program. There are two major events this week that will affect this pair from Japan. Here is a look at those events as technical analysis for the cross.

The first major event set to affect this pair is the Bank of Japan Monetary Policy meeting minutes that will be released on Tuesday at 2350hrs GMT. Masaaki Shirakawa, the BOJ Governor has showed concern about the worsening debt crisis in Europe and the economic slowdown in China which is Japan’s major export destination. Investors will looking at how the member voted as well as their sentiments.

The other major event that will affect this cross is the All industries Activity report which will be released on Thursday at 0430hrs. In April, the report showed an increase of 0.1 percent. The report also showed a drop in construction sector of 5.6 percent and 0.2 in industrial output. The pace of growth in all industry activity declined from 5.5 percent in the previous to 4.1 percent in April. Economists are expecting a further decline from this report.

Investors and market analysts will be looking for any suggestion that the pair will change from the current range. It is important to note that the uptrend support has been broken which had more significant than the uptrend resistance. Market analysts remain neutral on this cross as the forces pushing these two safe haven currencies remain fairly balance over the week.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. 

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

London Gold Market Report
from Ben Traynor
BullionVault
Monday 16 July 2012, 07:30 EDT

THE DOLLAR cost of buying gold  fell to $1583 an ounce during Monday morning’s London trading, in line with where last week’s range, while European stock markets also edged lower and US Treasury bonds gained, with markets focused on Federal Reserve chairman Ben Bernanke’s testimony before Congress tomorrow.

Prices to buy silver fell to $27.11 per ounce – nearly 1% off last week’s close – as other industrial commodities also ticked lower.

On the currency markets the Euro fell against the Dollar, dropping back below $1.22.

“Keep an eye on the Dollar and the stock market for clues as to the next direction [for gold],” says David Govett, precious metals manager at brokers Marex Spectron.

“But all in all, [the market] should stay quiet, albeit thin and nervous as usual.”

“Markets are settling back into wait-and-see mode,” adds a note from ANZ Bank, “ahead of testimony by Fed Chairman Bernanke.”

Bernanke is due on Tuesday to give his semi-annual monetary policy report to Congress.

“Any sign of an inclination towards quantitative easing would encourage gold,” reckons Jinrui Futures analyst Chen Min in China, “though we think the chances of the QE3 in July are very small but the Fed may launch it in the next couple of months.”

“He’ll certainly suggest that [QE] is possible,” adds Mitul Kotecha, Hong Kong-based head of global foreign exchange at Credit Agricole.

“[But] markets may just come away a little bit disappointed.”

“Gold prices…remain below the level implied by the current 10-Year TIPS yields,” say analysts at Goldman Sachs, referring to the yield on Treasury Inflation Protected Securities.

“Our US economists forecast subdued growth and further easing by the Fed, which should push the market’s expectations of real [interest] rates back down and gold prices back to our 6-month forecast of $1840 per ounce.”

Elsewhere in the US, the Federal Reserve Bank of New York on Friday released documents “related to actions of the [New York Fed] in connection with the Barclays-Libor matter”, in particular the allegations that Barclays reported facing artificially low borrowing costs during the banking crisis of 2008.

The documents reveal the New York Fed made a number of recommendations to the Bank of England four years ago, suggesting ways in which Libor reporting could be tightened up. The Bank’s governor Mervyn King, who at the time described the suggestions as “sensible” before passing them on to the British Banking Association, has faced criticism for not taking greater action.

Britain’s economy meantime will see zero growth in 2012, according to forecasters at the Ernst & Young Item Club, who have cut their projection from their previous estimate of 0.4%.

On the gold futures and options market, the so-called speculative net long – calculated as the difference between bullish and bearish positions held by noncommercial traders – fell nearly 14% in the week ended last Tuesday, data from the Commodity Futures Trading Commission show.

“Positioning remains weak,” says a note from Standard Bank this morning.

“Net speculative length is extremely low. This underscores the fragility of any rally in gold at the moment, unless the market is sustained by the promise of further quantitative easing from the Fed.”

The world’s biggest gold ETF the SPDR Gold Trust meantime continued to see net outflow of gold bullion, with the amount of gold held to back shares dropping 0.7% to 1269.7 tonnes over the course of last week to Friday.

Indian demand to buy gold meantime is set to fall for a second year in a row, as people cut spending and hoard cash, the World Gold Council has said.

“What is more, there is less money available for buying gold as a result of a poorer than expected monsoon season,” says a note from Commerzbank.

Over in China – which in recent months has overtaken India as the world’s biggest gold buying market – gold over the past year has outperformed investment in wines such Chateau Lafite Rothschild, newswire Bloomberg reports.

Chinese policymakers meantime should “intensify the strength of prudent and moderately loose monetary policy”, according to Chen Dongqi, deputy chief at government think-tank the Academy of Macroeconomics Research.

“In particular we should prevent producer deflation from expanding to the consumer area in the second half of 2012…once deflation happens in consumer prices, we would pay a big price for policy changes to solve the problem.”

Ben Traynor
BullionVault

Gold value calculator   |   Buy gold online at live prices

Editor of Gold News, the analysis and investment research site from world-leading gold ownership service BullionVault, Ben Traynor was formerly editor of the Fleet Street Letter, the UK’s longest-running investment letter. A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics.

(c) BullionVault 2011

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

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Source: ForexYard

The euro was able to bounce back from a two-year low against the US dollar on Friday, as Chinese economic indicators led to a moderate amount of risk taking in the marketplace. That being said, analysts were quick to warn that given the current economic state of the euro-zone, the common-currency may not be able to hold onto its recent gains. Today, traders will want to pay attention to the US Retail and Core Retail Sales figures, both scheduled to be released at 12:30 GMT. Analysts are forecasting today’s news will show improvement in the US retail sector, which if true, could result in the dollar recouping its losses vs. the euro from Friday.

Economic News

USD – USD Turns Bearish to Close Out Week

The US dollar turned bearish against most of its main currency rivals on Friday, as the combination of moderate risk taking in the marketplace due to Chinese news, combined with a worse than expected American consumer sentiment figure, caused investors to shift their funds away from the greenback. The AUD/USD advanced more than 100 pips over the course of the day, and eventually closed out the week at 1.0227. Against the Swiss franc, the dollar fell close to 70 pips during afternoon trading and ended up finishing out the week at 0.9804.

Today, the dollar may be able to recover some of its recent losses when the US Retail Sales and Core Retail Sales figures are released at 12:30 GMT. With analysts forecasting today’s news to show improvements in the American retail sector, investors may revert their funds back to the greenback during afternoon trading. Later in the week, traders will want to pay attention to speeches from Fed Chairman Bernanke on Tuesday and Wednesday. Should the Fed Chairman voice any optimism regarding the US economic recovery, the dollar could see gains as a result.

EUR – Euro May See Additional Losses

The euro bounced back against several of its main currency rivals on Friday, as a moderate level of risk taking returned to the marketplace following the release of Chinese economic indicators. After falling as low as 1.2161 during the first half of the day, the EUR/USD was able to advance close to 90 pips and ended up finishing out the week at 1.2248. The EUR/JPY gained close to 60 pips during the afternoon session. After trading as low as 96.42, the pair was able to stage a recovery and eventually closed out the week at 96.98.

This week, euro traders should be warned that given the current state of the euro-zone debt crisis, any gains the common-currency makes may turn out to be temporary. On Tuesday, traders will want to pay close attention to the German ZEW Economic Sentiment figure, scheduled to be released at 9:00 GMT. There are concerns among investors that the debt crisis may be spreading to the EU’s biggest economy. Should Tuesday’s indicator come in below expectations, the euro could resume its bearish trend.

Gold – Gold Gains Close to $20 Following Chinese GDP Data

Risk taking in the marketplace following the release of the Chinese GDP figure on Friday, resulted in the price of gold gaining close to $20 an ounce for the day. Investor confidence in the global economic recovery was boosted following the Chinese news, which came in close to its expected level. The precious metal ended up finishing the week at $1589.26.

This week, analysts are warning that gold may not be able to extend Friday’s gains. While the Chinese GDP figure was viewed as positive by many investors, it still did not signal any expansion in the global economy. Given the current state of the euro-zone, as well as fears that the region’s debt crisis could spread further, gold may reverse some of its gains in the coming days.

Crude Oil – Iran Sanctions Lead to Gains for Crude Oil

The price of crude oil climbed will over $1 a barrel on Friday, as new American sanctions on Iran led to supply side fears among investors. Typically any escalation in the ongoing dispute over Iran’s nuclear program causes oil prices to go up, as the country has the third largest oil reserves in the world. Crude finished out the week at $87.05 a barrel.

Turning to this week, traders will want to continue monitoring the situation in Iran. Any additional escalation in the conflict between the country and Western powers could lead to substantial gains in the price of crude oil. At the same time, if tensions calm down, oil could reverse some of its recent gains.

Technical News

EUR/USD

The weekly chart’s Williams Percent Range has dropped into oversold territory, signaling that an upward correction could occur in the coming days. This theory is supported by the Slow Stochastic on the daily chart, which has formed a bullish cross. Going long may be the correct strategy for this pair.

GBP/USD

A bullish cross on the daily chart’s MACD/OsMA indicates that this pair may see upward movement in the near future. In addition, the Williams Percent Range on the weekly chart is currently angling downward, and may soon cross into oversold territory. Traders will want to keep an eye on this indicator, as it may signal possible bullish movement in the near future.

USD/JPY

Most long-term technical indicators show this pair trading in neutral territory, meaning that no defined trend can be predicted at this time. Traders may want to take a wait and see approach, as a clearer picture may present itself in the near future.

USD/CHF

The daily chart’s Relative Strength Index has crossed into overbought territory, indicating that this pair could see a downward correction in the near future. Furthermore, the weekly chart’s Williams Percent Range is currently at the -10 level. Traders may want to go short ahead of possible bearish movement.

The Wild Card

Hang Seng Index

A bearish cross appears to be forming on the daily chart’s Slow Stochastic, signaling that this pair could see an upward correction in the near future. Furthermore, the Williams Percent Range on the same chart has crossed over into oversold territory. This may be a good time for forex traders to open long positions ahead of possible upward movement.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

By TraderVox.com

Tradervox.com (Dublin) – The pair has fallen further to weaker levels last seen more than two years ago. The euro zone is expected to remain at the spotlight this week with investors keenly following events in the region. Key event in this region will be the German ZEW economic sentiment report. Despite efforts by the region’s Finance Ministers to provide aid to Spanish banks, nation’s benchmark yields remained high and forced the sovereign to establish a huge austerity program. The cross was pushed further down by positive reports from the US. Here are some of the events that will affect this pair this week.

The Euro-zone Consumer Price Index report will be released at 0900hrs on Monday. Previous reports have shown that the pace of price rises has fallen close to the ECB target of 2 percent. The market expects the CPI this time to be at 2.4 percent while the Core CPI is projected to be at 1.6 percent. Other reports to be released at the same time with the CPI data include the Trade Balance and the German ZEW Economic Sentiments. Germany has continued to hold the economic status of other countries in the euro zone with its huge surplus. Previous data showed a huge surplus of 6.2 billion Euros and the same figure is expected this time round. Economic Sentiment in Germany is another report that has a great effect on the euro. The euro felt the pinch when the figure turned negative last month registering -16.9 points. The figure is expected to increase to -14.5; however, there is also a greater possibility that the figure might remain close to -20.0 points.

Another event that will be tracked by investors is the Finnish Parliament discussion on Spanish bailout. The result of such discussion will add to the issues surrounding Spanish bailout with Germany having to deal with some legal issues concerning the bailout. This discussion will be held on Thursday and the market is expected to be rocked. Another event on this day will be the Current account figure announcement for the euro zone. The report is expected to show a surplus of 4.6 billion Euros. On Friday, the German PPI will be the major event. May result showed a decline to -0.3 percent and further drop is expected this time.

These events and reports will most probably result to weaker euro; hence the outlook for the EUR/USD remains bearish for this week.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. 

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

Article by Investment U

Uunless you simply don’t invest in stocks, you should seriously consider piling up on some solid high-yield dividend stocks today.

As I glanced over financial headlines this week, I noticed that BusinessWeek reported BlackRock (NYSE: BLK) and Morgan Stanley (NYSE: MS) now favor corporate bonds.

Gregory Peters, chief cross-strategist at Morgan Stanley, said, “Corporate credit is the place to be. That’s what we’re telling investors.”

And BlackRock managing director, James Keenan, raved, “Corporates, even high-yield corporates, are in pretty good shape.”

I agree. Corporate bonds are attractive. And many do present a decent opportunity to make money. Ask Steve McDonald, who has been banging the table on bonds for years.

But the truth is, right now, there may be an even better alternative. And it doesn’t matter if you’re retired, looking to, or you’re a fifth-grader.

I’m talking about owning shares of quality dividend-paying companies.

You may have heard us talking about them lately here at Investment U. After all, Associate Investment Director Marc Lichtenfeld’s just released his “already-a-bestseller” Get Rich with Dividends: A Proven System for Earning Double-Digit Returns.

If you haven’t yet, go pick up a copy of this book. Because what’s going on with dividends could make them the safest, best way to earn income over the next 10 years and beyond.

A Unique Opportunity for Income Investors

Looking back on the past 10 years, it has certainly been a decade for the bondholder.

In fact, SmartMoney says, “Since 1962, top quality bonds in the U.S. have carried an average yield of 8%, while stocks have yielded an average of 3%.”

But we’re entering a new era today…

Now some companies are actually paying dividends well in excess of their own bond yields. Just see the chart below for some examples of high-yield dividend stocks:

[Note: Chart uses Moody’s ratings.]

It’s certainly not something you’ll see often. And it presents a very unique opportunity for income investors. Because, in addition, corporations are sitting on more cash than they ever have – $2 trillion total.

They’re using these reserves to buy back shares of their own companies and… increase dividend payouts.

For example, Merrill Lynch equity strategists recently reported dividend yields had their best performance in 2011 and continue to skyrocket in 2012.

And these increases are coming from some of the biggest corporations in the world. They’ve paid out dividends for decades and steadily increased their payments, as well. And when you reinvest these dividends, they’re as safe an investment as you can get.

Why? Because even if the price goes down, your reinvested dividends will simply buy more stock and therefore pump out even more dividends…

So unless you simply don’t invest in stocks, you should seriously consider piling up on some solid high-yield dividend stocks today. In 10 years, you’ll be happy you did.

Good Investing,

Mike

Article by Investment U

Article by Investment U

People have always said that my son’s an “old soul.” Perhaps that’s because he’s never been as wild as most boys. He’s contemplative, serious and has a long attention span.

A few years ago, I showed him how to play poker. (I figured someone has to pay for his college education. So it might as well be his fellow students.)

He got into it. And as I was writing my book, Get Rich with Dividends, he was annoyed that I was so busy. My work was eating into his poker time. He finally asked me what the book was about. So I taught him a bit about the stock market.

Once he understood the basic concepts, I explained to him the power of dividends. More specifically, how compounding dividends can triple your money or produce extremely high yields in a matter of years.

Being the practical kid that he is, he asked me how much money he would have for college if he invested his money according to the strategy in my book.

When I calculated it for him, his jaw dropped. “Will I really have that much money in eight years?” he asked. I told him there were no guarantees. There’s always risk in the market. But I felt confident he’d have plenty of cash when he gets to college. That’s because we’d be investing in conservative stocks and using a strategy that makes money over the long term – regardless of whether the market goes up or down.

The key is to buy a stock with a decent dividend – and reinvest that dividend to buy more shares. This generates more dividend cash to buy even more shares, which racks up higher dividend payouts… and so on.

You eventually get to a point where it doesn’t really matter what the stock price is doing. You still make money no matter what. In fact, a dip in share price can work in your favor, since you can reinvest your dividends at a lower cost.

In the end, the results can be mind-boggling.

For example, shares of ConocoPhillips (NYSE: COP) are down 4.5% from 10 years ago. But if you’d purchased $10,000 in shares and reinvested the dividends, your holdings would now be worth $27,923.

Meaning you would have nearly tripled your money, regardless of the 4.5% loss.

Better yet, when you eventually need the income (instead of reinvesting it), the yields will be incredibly strong.

For example, say you invested $10,000 in BHP Billiton (NYSE: BHP) 10 years ago and reinvested the dividends. And today you decided to start taking the dividends in cash instead. Your annual income from the stock would be $2,400, or 24% on your original investment.

But what if you need the income today and can’t wait 10 years? No problem. Just invest in stocks that I call “Perpetual Dividend Raisers.” These are companies that consistently raise dividends each year.

Altria Group (NYSE: MO), for instance, has raised its dividend every year since 1968.

Over the last 10 years, the company increased its dividend an average of 11.6% per year.

Now it yields 4.75% – nearly triple that of 10-Year U.S. Treasuries. And as long as it maintains the same rate of increase, in a decade, shareholders will enjoy a yield of 12.8%.

Ultimately, this allows you to generate a decent amount of income today, while ensuring that you stay ahead of inflation at the same time.

I don’t know of a more potent moneymaking tool.

My 11 year old is already well on his way to financial independence. Not because he has that much money right now, but because he understands how to use basic strategies to make his money grow.

I go over all of these simple dividend strategies – and more – in my new book, Get Rich with Dividends. For more information, including a 35% discount, click here.

Good Investing,

Marc

Article by Investment U

Source: ForexYard

The euro remained near a two-year low against the USD in overnight trading, following a downgrade of Italy’s credit rating. The EUR/USD is currently trading at 1.2185. The Australian dollar saw upward movement last night after the Chinese GDP figure came in at its expected level of 7.6%. China is Australia’s biggest trading partner and the aussie typically benefits from positive Chinese news.

Main News for Today

Italian 10-Year Bond Auction
• Following Italy’s credit rating downgrade yesterday, investors will be closely watching the bond auction to see if Italy’s borrowing costs will go up further
• Should demand for Italian bonds come in low, the euro could extend its losses against the USD and JPY

US PPI- 12:30 GMT
• The Producer Price Index (PPI) is forecasted to come in at -0.5%, well above last month’s -1.0%
• If today’s news comes in as forecasted the dollar could see upward movement against the JPY before markets close for the week

Read more forex news on our forex blog

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

By TraderVox.com

Tradervox.com (Dublin) – The US dollar has been performing strongly in the market as jobless claims came in lower than the market expected. Most analysts are taking this as an outlier and the market did not react strongly. However, there are some important events this week that will shape the market. Here are some major events this week.

Monday 16

The US retail sales data will be released at 1230hrs on this day. May data showed a drop for the second month of 0.2 percent equaling the April result. The economist had predicted a 0.1 gain on this data. The core sales excluding cars also showed a decrease by 0.4 percent extending previous month’s decline of 0.3 percent; economists had predicted an increase of 0.1 percent. The data in May was attributed to low wage gain and the joblessness exceeding 8 percent. The data for June is expected o show a gain of 0.2 percent in Retail sales while Core Sales is expected to increase by 0.1 percent.

Tuesday 17

On this day the UK Inflation data and German ZEW Economic Sentiment will be the main events from the European Union region. The UK inflation data will be released at 0830hrs GMT where a drop to 2.7 percent is expected. If this figure is confirmed, this will be a continuation of dropping inflation data from the previous months where the annual rate declined by 2.8 percent from a previous reading of 3.0 percent. The economic sentiment from Germany will be released at 0900 hrs, where a small increase to -14.5 is estimated. Investor sentiment dropped to -16.9 in June from a high of 10.8 in May.

In the Americas, the market will be looking at the US inflation data and the Canadian rate decision which will be released at 1230 and 1300 hrs respectively. The Core CPI for the US is expected to show a 0.2 percent increment after a drop was registered in the previous reading. The Bank of Canada is expected to leave the interest rate unchanged at 0.1 percent. The Ben Bernanke testimony before the US senate will also be another important event in the US. Bernanke will speak at 1400hrs in Washington DC.

Wednesday 18

On this day, investors will be interested I the UK Claimant count change and the US building permits reports which will be released at 0830 hrs and 1230 hrs respectively. Economists are expecting the data from the UK to show a increase to 9,700 while US building permits are expected to drop to 770k.

Thursday 19

Three events will be of importance on this day; the US unemployment claims at 1230 hrs, and US existing Home sales and the US Philly Fed Manufacturing Index at 1400hrs. The US Unemployment Claims report is expected to show a rise back to the normal range of 375k. The US Existing Home Sales data is expected to show a rise to 4.65 million while the US Philly Fed Manufacturing Index is also expected to show an improvement to -7.8.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. 

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

Source: ForexYard

At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the US Retail and Core Retail Sales figures, scheduled to be released today at 12:30 GMT. As can be seen in the chart below, the Dow Jones took significant losses after last month’s indicators came in below their forecasted levels.

Don’t miss out on another opportunity to capitalize on market volatility!

Both the Retail Sales and Core Retail Sales have fallen for the last two months straight. As a result, confidence in the US economic recovery has eroded which has caused indices like the Dow Jones to turn bearish. If today’s indicators show that the US retail sector has gotten even worse over the last month, further bearish movement may occur. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!

Read more forex news on our forex blog

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.