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Saturday, December 31, 2011
MENAFN Summary- Daily Business News
Friday, December 30, 2011
MENAFN Summary- Daily Business News
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Personal Finance Daily: 2011 leaves investors with mixed results
 Personal Finance Daily DECEMBER 30, 2011 2011 leaves investors with mixed resultsBy MarketWatch
Certainly, the final tally for the year is looking decidedly mixed. The Dow Jones Industrial Average (DJIA) appears ready to end the year up about 6%, while the S&P 500 Index is clinging to a 0.1% gain and the Nasdaq (COMP) is set to log its first annual loss in three years. See Market Snapshot. But if you were among those investors who focused on dividend-paying stocks, you might be feeling OK about 2011, as Jonathan Burton writes today in Weekend Investor. Read his story for a look at how mutual funds performed in 2011, and which sectors are likely to excel in 2012. Plus, don't miss all of MarketWatch's 2011 review and 2012 outlook, including stories on international stock funds, bond funds and commodities. Here's wishing you and yours all the very best in 2012! — Andrea Coombes , Personal Finance editor Stock-fund, ETF investors look for a better 2012 The first year after the "lost decade" for U.S. stocks was also lost. And there's wariness that 2012, while ultimately positive for the overall market, will create more investment obstacles than opportunities. Read more: Stock-fund, ETF investors look for a better 2012. Rent deposit dispute may mean small-claims court When a real-estate agent or landlord won't refund a security deposit, the tenant's only recourse may be small-claims court. Read more: Rent deposit dispute may mean small-claims court. ECONOMY & POLITICS Charting how home prices are moved by rates, city The week's data shows mortgage rates and house prices on the way down but transactions on the way up. Also, jobless claims rose but held below a key level. See charts: Charting how home prices are moved by rates, city. Iowa caucuses: 5 things to watch Iowans head to the polls in the nation's first caucuses on Tuesday to begin winnowing the field of would-be Republican challengers to President Barack Obama. Here are five things to watch after caucuses begin at 7 p.m. Central. Read more: Iowa caucuses: 5 things to watch. New Year's resolutions for Uncle Sam If Uncle Sam could make resolutions, here's what they should be. Read more: New Year's resolutions for Uncle Sam. INVESTING Bond mutual funds could defy gravity again in 2012 Bond investors and fund managers are jittery and their wait-and-see stance looks to be mildly supportive for stretching 2011's government bond rally into at least the early part of 2012. Read more: Bond mutual funds could defy gravity again in 2012. How international stock funds could profit in 2012 For international-stock investors, the year 2012 is akin to a hurricane a few hundred miles away. Everyone knows a direct hit will be deadly, but hopes the blow can be softened by better leadership, preparedness — and a bit of luck. Read more: How international stock funds could profit in 2012. Bond investors staying put for 2012: Schwab As 2011 gives way to 2012, small-fry investors seem just worried enough to eschew the idea of a lot of changes to their portfolios. But there are various fixed-income alternatives that could prove attractive, in the view of a Schwab strategist. Read more: Bond investors staying put for 2012. Ready or not, investors, here comes a new year For all the volatility and uncertainty that investors in U.S. stock and bond mutual funds encountered in 2011, the year actually turned out better than it would have seemed six months ago. Read more: Ready or not, investors, here comes a new year. U.S. stocks end mixed year with a whimper Wall Street virtually flat in the final trading day of the year as investors keep Europe's troubles in view. Read more: U.S. stocks end mixed year with a whimper. S&P 500 returns to critical 1,260 level The bulls seem to have everything going their way in the near term but if they can't get a clear upside breakout soon, that would be very bearish. Read more: S&P 500 returns to critical 1,260 level. Commodities falter in 2011, hold promise in 2012 The commodities market was a big disappointment in 2011, with only a few of the major commodities ready to post sizable gains for the year, but some were surprisingly resilient. Read more: Commodities falter in 2011, hold promise in 2012. Get the latest news on our mobile site: http://www.marketwatch.com/m  MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2011 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 |
Fundamental Precious Metals
Gold rebounded from six-month, heading for the 11th annual gain while recording a weekly and monthly drop. The shiny metal witnessed another year of rise as the safe have characteristic helped the metal to advance amid the escalating European debt crisis and sluggish global growth. However, the yellow metal lost its merit as being a refuge at the end of the year, leaving this place for the dollar and yen. Thus, it recorded sharp losses in September while pared some of the drop in October and November before dropping again in December, raising speculations the shiny metal may continued its downside direction in 2012. The only data released today showed Chinese manufacturing recorded a contraction of 48.7 in December compared with the prior reading of 49.0, where a reading above 50 indicates expansion. Investors' thinking remained on the yield on the Italian 10-year notes which retreated to 6.98% compared with 7.56% in the previous auction as the rate is considered high as it is still near 7%, a rate which triggered bailouts for Greece and Portugal. Also, the ECB said this week the balance sheet soared to 2.73 trillion euros, where lending to banks climbed to 879 billion euros in the week ended Dec. 23 on the back of last week's 489 billion euros three-year loans lent to 523 banks., where the announcement raised concerns the ECB will continue its support to banks to avert a financial disaster. On the other hand, the dollar showed slight advance, where the dollar index, which tracks the greenback's movements versus six major currencies, is currently hovering around 80.40 compared with the day's opening of 80.34. Spot gold is currently traded higher around $1535.20 an ounce, doing an upside correctional movement after dropping over the past four five sessions, after recording a high $1573.87 and a low of $1543.95. The shiny metal managed to remain above a critical support level at 1530.00 as the breach of this level would trigger further decline. Crude oil also fell from six-week high to trade $98.96 a barrel compared with the day's opening of $99.76.
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Apple's TV to be the "Top Tech Product in 2012"
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Euro ends the year with bearishness
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Technical Precious Metals Report
Midday Report
In line with our morning scenario, the metal continued its incline affected by our hinted positive divergence as seen on the provided daily graph. The secondary image proves that, the bullishness started at 1522.00 could be just a correction before resuming the downside journey which we followed since the metal wav valued at 1800.00 zones as Stochastic is extremely reflecting overbought signal. Anyway, we keep our anticipations intact for the rest of the day and a break back below 1563.00 will confirm them.
The trading range for today is among the key support at 1475.00 and key resistance now at 1603.00.
The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing.
| Support | 1562.00 | 1553.00 | 1540.00 | 1533.00 | 1522.00 |
| Resistance | 1573.00 | 1587.00 | 1595.00 | 1603.00 | 1607.00 |
| Recommendation | Our morning expectations remain valid. | ||||
Silver
Midday Report
Silver’s positive momentum continues, affected by the bullish Bat harmonic pattern, which is expected to remain effective over intraday basis and trigger more bullishness today. The current upside move is only a correction, yet testing areas around 29.05 is possible. Stochastic and the Relative Strength Index are positive.
The trading range for today is among the key support at 23.40 and key resistance now at 29.70.
The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact.
**New York Candlesticks**
| Support | 27.80 | 27.55 | 27.10 | 26.65 | 26.05 |
| Resistance | 28.10 | 28.60 | 28.85 | 29.05 | 29.70 |
| Recommendation | Based on the charts and explanations above, our opinion is buying silver above 27.80, and take profit in stages at (28.60, 29.05 and 29.70) and stop loss with 4-hour closing below 26.05 might be appropriate | ||||
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Technical Cross Report
Midday Report
The pair is trading within a narrow range since morning settling below the main descending resistance show on image, while we are still waiting a clear breach of 119.30 to activate the bearish intraday scenario. The 50 EMA supports our expectations.
The trading range for the day is expected among the key support at 116.95 and the key resistance at 121.15.
The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.
| Support | 119.30 | 119.00 | 117.95 | 117.40 | 116.95 |
| Resistance | 120.00 | 120.60 | 121.05 | 121.75 | 122.25 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with four-hour closing below 119.30 targeting 117.95 and 116.95 , stop loss with four-hour closing above 120.50 may be appropriate. | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
The pair continues to trade among 100.00 - 100.75 range bound, while stochastic maintains the negative bias that supports the awaited bearishness for today. Accordingly, our morning expectations remain valid so long as 100.75 areas remain intact.
The trading range for the day is expected among the key support at 98.50 and the key resistance at 101.80.
The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.
| Support | 100.00 | 99.40 | 98.50 | 97.80 | 97.40 |
| Resistance | 100.75 | 101.00 | 101.80 | 102.65 | 103.35 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with around 100.75 targeting 99.40 and 98.50,stop loss with four-hour closing above 101.80 may be appropriate | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
The pair is trading negatively since morning to currently trade below 0.8390 affected by negativity on Stochastic over intraday basis, thus, our morning bullish scenario is activated, and counting on yesterday’s closing above 0.8390. Daily closing below the level may invalidate the bullish expectations.
The trading range for the day is expected among the key support at 0.8295 and the key resistance at 0.8480.
The short term trend is to the upside as far as 0.8165 remains intact with targets at 1.0370.
| Support | 0.8295 | 0.8250 | 0.8200 | 0.8170 | 0.8100 |
| Resistance | 0.8390 | 0.8440 | 0.8480 | 0.8550 | 0.8605 |
| Recommendation | Our morning expectations remain valid | ||||
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Technical Cross Report
Midday Report
The pair is trading within a narrow range since morning settling below the main descending resistance show on image, while we are still waiting a clear breach of 119.30 to activate the bearish intraday scenario. The 50 EMA supports our expectations.
The trading range for the day is expected among the key support at 116.95 and the key resistance at 121.15.
The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.
| Support | 119.30 | 119.00 | 117.95 | 117.40 | 116.95 |
| Resistance | 120.00 | 120.60 | 121.05 | 121.75 | 122.25 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with four-hour closing below 119.30 targeting 117.95 and 116.95 , stop loss with four-hour closing above 120.50 may be appropriate. | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
The pair continues to trade among 100.00 - 100.75 range bound, while stochastic maintains the negative bias that supports the awaited bearishness for today. Accordingly, our morning expectations remain valid so long as 100.75 areas remain intact.
The trading range for the day is expected among the key support at 98.50 and the key resistance at 101.80.
The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.
| Support | 100.00 | 99.40 | 98.50 | 97.80 | 97.40 |
| Resistance | 100.75 | 101.00 | 101.80 | 102.65 | 103.35 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with around 100.75 targeting 99.40 and 98.50,stop loss with four-hour closing above 101.80 may be appropriate | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
The pair is trading negatively since morning to currently trade below 0.8390 affected by negativity on Stochastic over intraday basis, thus, our morning bullish scenario is activated, and counting on yesterday’s closing above 0.8390. Daily closing below the level may invalidate the bullish expectations.
The trading range for the day is expected among the key support at 0.8295 and the key resistance at 0.8480.
The short term trend is to the upside as far as 0.8165 remains intact with targets at 1.0370.
| Support | 0.8295 | 0.8250 | 0.8200 | 0.8170 | 0.8100 |
| Resistance | 0.8390 | 0.8440 | 0.8480 | 0.8550 | 0.8605 |
| Recommendation | Our morning expectations remain valid | ||||
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Technical Oil Report
Midday Report: Crude Oil Futures For February Settlement
Oil is pushing to the upside attempting another test of the descending resistance that halted the latest bullish attempt earlier. Stochastic continues to be in transition from positivity to negativity. For now and before the new years holidays we will remain on neutral awaiting more clear signals.
Wishing you a happy, enjoyable, and lucky new year.
The trading range for the day may be among the major support at 96.50 and the major resistance at 103.45.
The short-term trend is to the downside with steady daily closing below 105.00, targeting 65.00.
| Support | 99.35 | 98.50 | 98.00 | 97.50 | 96.75 |
| Resistance | 99.80 | 100.20 | 100.60 | 101.50 | 102.30 |
| Recommendation | Based on the charts and explanations above we recommend staying aside awaiting more confirmation. | ||||
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Inside Oil - Americas Edition - Friday December 30 2011
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