Jack Crooks: I keep thinking that any day now the Australian dollar will take a dirt nap. It took one back in mid-2008, falling a stunning 39 percent in just three months in the midst of the credit crunch. This shows just how vulnerable the Aussie can be to a growth accident that slams the world economy; it Read more…
JJC, NYSE:FXA, NYSE:FXI, NYSE:FXP, TAO
RBS Securities Inc. (RBSSI) today announced the launch of the fifth exchange traded product in its growing suite of Exchange Traded Notes (ETNs). The RBS Global Big Pharma Exchange Traded Notes will be issued by The Royal Bank of Scotland plc (RBS plc) and will be listed on Read more…
FUND LAUNCH, NYSE:DRGS
Martin D. Weiss: Mark your calendar for two historic days that could shake Wall Street to its foundation and change the Western world forever … The first is Europe’s day of reckoning, postponed to Read more…
NYSE:FAZ, TBT, TNA, TZA, VXX
Chris Vermeulen: How To Trade Gold & Oil – The past couple weeks have been tough for most investors. The recent light volume rallies which have taken place in gold (NYSE:GLD), oil (NYSE:USO) and stocks (NYSE:SPY) has been generating mixed signals for technical analysts like myself. In order avoid Read more…
IAU, NYSE:GLD, OIL, SPY, USO
FX Empire: After starting the week sharply higher, confirming the previous week’s closing price reversal bottom, December Natural Gas futures closed lower for the period. The rally early in the week marked the formation of a minor bottom for the first time since early July, but the weak close put the market Read more…
NYSE:FCG, UNG, UNL
George Maniere: Above my desk I have a big sign that says “the market will always do what the market has always done, misdirect, confuse and confound.” The way the S&P has been behaving since August is proof perfect that this slogan is as true as ever. Read more…
SDS, SH, SPXU, SPY, SSO, UPRO
J.W. Jones: If Greece defaults and the European situation begins to spin out of control where will money flow? It would not make sense for market participants to buy Euro’s during a default regardless of whether the default it structured or not. In fact, it is more likely that European central banks and businesses Read more…
NYSE:AGQ, NYSE:GLD, SLV, UUP, ZSL
After an opening gap up, stocks closed near session high amidst choppy intraday trade. All five major indices posted solid gains as the Dow Jones Industrial Average (NYSE:DIA) and small-cap Russell 2000 (NYSE:IWM) led the way with solid 2.3% gains. The S&P MidCap 400 rose 2.2% while the S&P 500 Read more…
PCY, PZA
US stock futures are flat on Monday morning as investors continue to wait on an aid resolution from European leaders. At Sunday’s summit in Brussels European leaders expressed optimism that they could find common ground, but acknowledged that there are differing opinions and still work to do. As they departed the summit, leaders pledged to draft a far-reaching plan in time for Read more…
QQQ, QQQQ, SPY, XLF
Dian Chu: Silver has taken some serious beatings lately, but there seems to be a renewed optimism in the market place towards the white metal as Bloomberg reported that: Read more…
NYSE:AGQ, NYSE:DBS, PSLV, SLV, ZSL
Przemyslaw Radomski: Whenever gold prices rise or decline the headlines give a flavor-of-the-week reason—the dollar is up, the dollar is down, the eurozone is in trouble, it’s the latest jobs report, etc. There is no doubt Read more…
IAU, NYSE:GDX, NYSE:GDXJ, NYSE:GLD
In trading on Friday, the SPDR KBW Mortgage Finance (NYSE:KME) is outperforming other ETFs, up about 7.76% on the day. Also up on the day are the Read more…
KME, NYSE:CVOL, NYSE:GRN, NYSE:GWO, PALL, PEK
Michael Johnston: So far, this year has been tough for markets around the globe. Since the downgrade of U.S. credit quality in August, equity markets have become plagued with rampant volatility, discouraging capital inflows and prompting many investors to pull out of the markets entirely. Just when the Read more…
NYSE:DFJ, NYSE:ENZL, NYSE:EWM, PJP, VPU
Each of the five SPDR KBW ETFs listed below will change its benchmark index to an S&P Financial Select Industry Index effective before the opening of business on Monday, October 24, 2011. Therefore, the index changes will be implemented at the close of business on Friday, October 21, 2011. In order to effectuate an orderly change of portfolio securities held by Read more…
KBE, KCE, KIE, KME, KRE
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