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komentarCrude futures remained lower Wednesday after ADP data showed private-sector firms in the U.S. eliminated 169,000 jobs in November. Crude for January delivery was last down 0.6% at $77.90 a barrel. In other commodities, gold for December delivery gained 0.9% to $1,209.60 an ounce
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Marketiva Tutorial, Study Marketiva Step by step, Tutorial Forex Trading Step by Step
Introducing a business trading foreign currencies or better known as the Foreign Exchange (FOREX). Marketiva is a broker international, professional and legal in Switzerland, this company has been granted permission to the international no. IBC CAP.291 REG.NO. 646819th Now through Marketiva you do not need to have more money with a large number of soon to be able to invest in foreign currency trading, but just 10 $, 50$, or up to 70 $ in accordance with the desire and financial ability of your course. Even more extreme is you can immediately make a continental trade without money, because once you're done registering you will be given prizes of U.S. $ 5 as the initial capital. Not interesting ..? why do not you try it out now ..! all FREE Investment program is not only suitable for the top, but it is suitable for middle to lower investor. Employees such as, small traders, even for students. You Receive $5.00 FREE Money to Try Live Forex Trading Today. Marketiva Start Trading Forex Today With as Little as $1 Dollar. If you ever thought about Forex Trading you will never find a better place to learn than right here at Marketiva plus they pay you $5.00 real money just to open your account and another $10.000 virtual money to practice with. Marketiva are a Swiss company based in Lausanne and have recently launched their Forex Trading Platform fully integrated with e-currencies. It is a state of the art platform with many advanced features but really user friendly for beginners with 24 hour live support via their onboard chat room. So join marketiva , you got nothing to loose and lots to gain. Spend some time on the website and you just might surprise yourself by how much you learn and in six months or a year from now you could be trading for a living. Enjoy Forex Trading in Marketiva, doing Trade from Home or Office. Earn income Us $ 50 - $ 100 per day from Easy Trading, It’s Fun !
Some Coupon you can use, the codes are the 0JQJ0M4Y0G, F6DD2QL4WD, GD7DPMRZBL, IZGF2TV4JJ, 2RBZDKPHAN, EFZUA0UO5G, 6U3K64DQ4K, BZPB2IH62Q, K9HCTD0S96, U8GABP9K5B, 6DSB5K42DN, Y45SQQS09D, CBO7STQ97U, BEEDD90U5F | ||
STEP-STEP REGISTRATION To Join Marketiva
1.Marketiva Register to the site
Click the banner below to open the official site Marketiva
Click the banner below to open the official site Marketiva
2. Click on the link "Open an Account" and then the registration form will appear
In the "User Template" there are two options, namely "Standard Forex Trader" and "Compact Forex Trader", that is the option to type memeilih Marketiva streamer software. Both the software is basically the same menu - menu just for the "Compact Forex Trader" is much more simple so that it does not take place on the windows.
you select one of the types of software mentioned above.
There are the coupons, where the function of this coupon can be as a discount card, member chat, and many more others. to get the coupon, you can obtain on this site
For while the "Recovery Question" and "Recovery Answer" please fill in your match that you remember and like, because this will be asked if you forgot your password Marketiva.
Click "Next" to go to the appointment and confirmation with Marketiva
On this page, is a procedural broker to the company's investors. It is a duty to notify the company's risk - the risk of trading in foreign currency so that the Investor does not feel aggrieved if there is a loss so great, and does not require the company because the company only as a facilitator pialan only
Stetment and then on the next, from the Investor that the Investor has its own understanding of all agreements made with Marketiva.
Click "Finish" as a symbol that you agree with the existing agreement. and then you will be direct to the "Get Streamer" to download the software from Marketiva
Click "Streamer TM instalation Package" after that please you install on your computer.
The registration process has been completed.
3.Identity Verivikasi Up
After the registration process is complete, then you have enjoined on to upload data for verivikasi the data you have provided earlier. it aims not to occur because of multiple accounts you can only create one account only. if you do not verivikasi then in a few days your account will be closed.
Data is a need in the Image ID, so you must first scan your ID and berformatkan JPEG.
Example:
1. Image ID: Scan your ID card at the berfoto;
2. Image Address: Scan the ID cards that have lamatnya (must be in accordance with the data)
as notes, scan data is to be colored and each file size of 100kb, so when you scan in the set to be 70 - 100 dpi only.
How verivikasi:
Click here to direct the process to verivikasi Marketiva
after you click the link above you will be asked usernama and password terebih first.
enter the username and password that you've made before, and then click "Login"
Or
Open your email and click on the link for the identification
or
You go with the first site to www.marketiva.com
and enter the Username and Password click the "Login"
click on "Service" on the top-right corner
click on "Identify Yourself" and upload your ID
upload ID: both boxes must be uploaded in the same ID even though ID
4. Running the Program Marketiva has been installed in
After Verivikasi Up finished ID can make trading, after the program is installed, do not do trading or run the program before the Verivikasi ID is made, because the registration must be repeated because at approximately your data is not valid.
Fill out the registration form in accordance with the ID that you have
Description:
1. All marked * must be filled;
2. Username: select the name or call you a unique, because this will be used to berchatting Marketiva with the other members;
3. Password in the body of at least 8 characters, to combine with a number;
4. Frist Name: your first name;
5. Midle Initial: initial middle name if you have;
6. Last Name: your last name;
7. Street Address: fill in your address in accordance with ID;
8. City: your city name on the ID;
9. ZIP / Postal Code: Postal Code;
10. State: provinces that you tempati;
11. Country: Select Australia;
12. Phone: enter the house or no telp HP that is still active;
13. E-mail: fill in your email address is still active and there is often use, because each notification and confirmation will be sent to the E-mail address that you fill now;
After you have finished filling the form above, click "Continue". both form and contenDescription:
1. All marked * must be filled;
2. Username: select the name or call you a unique, because this will be used to berchatting Marketiva with the other members;
3. Password in the body of at least 8 characters, to combine with a number;
4. Frist Name: your first name;
5. Midle Initial: initial middle name if you have;
6. Last Name: your last name;
7. Street Address: fill in your address in accordance with ID;
8. City: your city name on the ID;
9. ZIP / Postal Code: Postal Code;
10. State: provinces that you tempati;
11. Country: Select Australia;
12. Phone: enter the house or no telp HP that is still active;
13. E-mail: fill in your email address is still active and there is often use, because each notification and confirmation will be sent to the E-mail address that you fill now;
 | ||||||
| |||||
In the "User Template" there are two options, namely "Standard Forex Trader" and "Compact Forex Trader", that is the option to type memeilih Marketiva streamer software. Both the software is basically the same menu - menu just for the "Compact Forex Trader" is much more simple so that it does not take place on the windows.
you select one of the types of software mentioned above.
| |||
There are the coupons, where the function of this coupon can be as a discount card, member chat, and many more others. to get the coupon, you can obtain on this site
Coupons can be seen in the bottom of the main web page (see the main page bottom)
For while the "Recovery Question" and "Recovery Answer" please fill in your match that you remember and like, because this will be asked if you forgot your password Marketiva.
Click "Next" to go to the appointment and confirmation with Marketiva
On this page, is a procedural broker to the company's investors. It is a duty to notify the company's risk - the risk of trading in foreign currency so that the Investor does not feel aggrieved if there is a loss so great, and does not require the company because the company only as a facilitator pialan only
Stetment and then on the next, from the Investor that the Investor has its own understanding of all agreements made with Marketiva.
Click "Finish" as a symbol that you agree with the existing agreement. and then you will be direct to the "Get Streamer" to download the software from Marketiva
Click "Streamer TM instalation Package" after that please you install on your computer.
The registration process has been completed.
3.Identity Verivikasi Up
After the registration process is complete, then you have enjoined on to upload data for verivikasi the data you have provided earlier. it aims not to occur because of multiple accounts you can only create one account only. if you do not verivikasi then in a few days your account will be closed.
Data is a need in the Image ID, so you must first scan your ID and berformatkan JPEG.
Example:
1. Image ID: Scan your ID card at the berfoto;
2. Image Address: Scan the ID cards that have lamatnya (must be in accordance with the data)
as notes, scan data is to be colored and each file size of 100kb, so when you scan in the set to be 70 - 100 dpi only.
How verivikasi:
Click here to direct the process to verivikasi Marketiva
after you click the link above you will be asked usernama and password terebih first.
enter the username and password that you've made before, and then click "Login"
Or
Open your email and click on the link for the identification
or
You go with the first site to www.marketiva.com
and enter the Username and Password click the "Login"
click on "Service" on the top-right corner
click on "Identify Yourself" and upload your ID
upload ID: both boxes must be uploaded in the same ID even though ID
4. Running the Program Marketiva has been installed in
After Verivikasi Up finished ID can make trading, after the program is installed, do not do trading or run the program before the Verivikasi ID is made, because the registration must be repeated because at approximately your data is not valid.
Coupon Marketiva
There are the coupons, where the function of this coupon can be as a discount card, member chat, and many more others. to get the coupon, you can obtain on this site :
Enter a coupon code below, if you can not just empty columns
(coupon code below can be used only once for a username so if the code fails pilh you, try to select the other empty or
Please try)
YSWOB3HKZZ, J2R6AXRLNV, VSX6S0ENVI, JYA1ICKC5C, Z6DBRFTG8C, QJMY64C0KN,
0JQJ0M4Y0G, F6DD2QL4WD, GD7DPMRZBL, IZGF2TV4JJ, 2RBZDKPHAN, EFZUA0UO5G,
6U3K64DQ4K, BZPB2IH62Q, K9HCTD0S96, U8GABP9K5B, 6DSB5K42DN, Y45SQQS09D,
CBO7STQ97U, BEEDD90U5F
UK investors adopt cautious approach to investing
UK investors have become increasingly more cautious towards investing amid overall uncertainty about the economic recovery.
More than 50 per cent of investors believe the economy is still in a recession, according to a new investor confidence survey by TD Waterhouse. A further 45 per cent say they have adopted a more careful approach to investing.
Many are also relying less on IFAs to help them to choose where and when to invest with more than half of UK investors now making their own investment decisions compared with with 19 per cent who depend on the advice of their adviser or broker.
But individuals are still optimistic about equities and the majority of those surveyed said they were satisfied with the performance of their portfolios which are up, on average, by 16 per cent from a year ago.
“It is interesting to note the mixed views regarding the shape of our economy and it is clear that many investors do not think we are out of the woods just yet,” said Angus Rigby, CEO of TD Waterhouse UK.
“The general tone from our respondents this year seems to be cautious optimism coupled with a desire to take control of their investment decisions.”
UK companies remain the most popular choice among UK investors, with 85 per cent devoting a large proportion of their portfolio to this sector, while 37 per cent favour international companies as their second choice.
Banking sector stocks ranked among the best and worst performing investments over the past 12 months, though 35 per cent of UK investors predict the sector will rebound in the next few months.
Investors remain partial towards the health care and commodities industries. Nineteen per cent expect precious metals and energy to perform the best, followed by the Asian, UK and European stock markets.
Continue Reading...
More than 50 per cent of investors believe the economy is still in a recession, according to a new investor confidence survey by TD Waterhouse. A further 45 per cent say they have adopted a more careful approach to investing.
Many are also relying less on IFAs to help them to choose where and when to invest with more than half of UK investors now making their own investment decisions compared with with 19 per cent who depend on the advice of their adviser or broker.
But individuals are still optimistic about equities and the majority of those surveyed said they were satisfied with the performance of their portfolios which are up, on average, by 16 per cent from a year ago.
“It is interesting to note the mixed views regarding the shape of our economy and it is clear that many investors do not think we are out of the woods just yet,” said Angus Rigby, CEO of TD Waterhouse UK.
“The general tone from our respondents this year seems to be cautious optimism coupled with a desire to take control of their investment decisions.”
UK companies remain the most popular choice among UK investors, with 85 per cent devoting a large proportion of their portfolio to this sector, while 37 per cent favour international companies as their second choice.
Banking sector stocks ranked among the best and worst performing investments over the past 12 months, though 35 per cent of UK investors predict the sector will rebound in the next few months.
Investors remain partial towards the health care and commodities industries. Nineteen per cent expect precious metals and energy to perform the best, followed by the Asian, UK and European stock markets.
FACTBOX-Goods and commodities shipped by CN Rail
(Reuters) - Locomotive engineers at Canadian National Railway (CNR.TO) (CNI.N) walked off the job after talks with management broke down on Saturday.
The strike could disrupt the delivery of goods worth millions of dollars. [ID:nN28392589]
The last strike at CN, Canada's largest railroad, was in February 2007. It ended after the federal government passed back-to-work legislation, citing the importance of the rail service to the economy. The government has said it may intervene again. [ID:nN30425723]
Canada's rail network is used heavily by grain shippers and other exporters of raw materials. The Canadian Wheat Board has already warned that the latest strike could create a serious slowdown in the country's grain transportation system. [ID:nN30453930]
Commodity traders at the Chicago Mercantile Exchange also warned that the strike could slow lumber deliveries into the United States and drive up prices. [ID:nN30448596]
The following are some of the major goods and commodities shipped by CN Rail: CARS AND AUTOMOTIVE PARTS
CN transports more than 2.3 million vehicles annually, according to its website. It offers bi-level and tri-level auto carriers, along with specialized boxcars for auto parts. COAL
The railroad ships thermal coal, metallurgical coal and petroleum coke to customers in North America. CN, which has access to over 13 coal mines and 7 petroleum coke facilities, provides access to ports on the Pacific, Atlantic and Gulf coasts for exports to Asia and Europe. FERTILIZER
CN provides transportation facilities for North American fertilizer producers and distributors throughout Canada and United States. Its rail network delivers nitrogen, phosphate and potash to the U.S. Midwest corn belt and to ports for export overseas. FOREST PRODUCTS
The company is the largest shipper of forest products in Canada and the United States, according to its website. It transports lumber, wood pulp, newsprint and wood chips, along with a wide array of other forest products. GRAIN:
As many as 11 million tonnes of western Canadian wheat, durum and barley are shipped each year on CN Rail. Its network runs through the grain-growing areas of British Columbia, Alberta, Saskatchewan and Manitoba. METALS AND MINERALS
CN's rail network has access to 11 aluminum smelters, 12 integrated steel mills, as well as more than 10 mini mills and eight base metal smelters and refineries in North America. PETROLEUM AND CHEMICALS
Continue Reading...
The strike could disrupt the delivery of goods worth millions of dollars. [ID:nN28392589]
The last strike at CN, Canada's largest railroad, was in February 2007. It ended after the federal government passed back-to-work legislation, citing the importance of the rail service to the economy. The government has said it may intervene again. [ID:nN30425723]
Canada's rail network is used heavily by grain shippers and other exporters of raw materials. The Canadian Wheat Board has already warned that the latest strike could create a serious slowdown in the country's grain transportation system. [ID:nN30453930]
Commodity traders at the Chicago Mercantile Exchange also warned that the strike could slow lumber deliveries into the United States and drive up prices. [ID:nN30448596]
The following are some of the major goods and commodities shipped by CN Rail: CARS AND AUTOMOTIVE PARTS
CN transports more than 2.3 million vehicles annually, according to its website. It offers bi-level and tri-level auto carriers, along with specialized boxcars for auto parts. COAL
The railroad ships thermal coal, metallurgical coal and petroleum coke to customers in North America. CN, which has access to over 13 coal mines and 7 petroleum coke facilities, provides access to ports on the Pacific, Atlantic and Gulf coasts for exports to Asia and Europe. FERTILIZER
CN provides transportation facilities for North American fertilizer producers and distributors throughout Canada and United States. Its rail network delivers nitrogen, phosphate and potash to the U.S. Midwest corn belt and to ports for export overseas. FOREST PRODUCTS
The company is the largest shipper of forest products in Canada and the United States, according to its website. It transports lumber, wood pulp, newsprint and wood chips, along with a wide array of other forest products. GRAIN:
As many as 11 million tonnes of western Canadian wheat, durum and barley are shipped each year on CN Rail. Its network runs through the grain-growing areas of British Columbia, Alberta, Saskatchewan and Manitoba. METALS AND MINERALS
CN's rail network has access to 11 aluminum smelters, 12 integrated steel mills, as well as more than 10 mini mills and eight base metal smelters and refineries in North America. PETROLEUM AND CHEMICALS
FOREX-Dollar weakens vs euro on strong data, Dubai optimism
The dollar slipped against the euro on Monday as easing concerns about Dubai's debt problems and an upbeat U.S. regional business activity report diminished the greenback's safe-haven allure.
The U.S. currency decline began in Asia as equities advanced on a pledge by the central bank of the United Arab Emirates to provide emergency support to the region's banks. Dubai's oil-rich neighbor, Abu Dhabi, also offered to provide selective support to Dubai companies. For details, see [ID:nGEE5AS0AH]
Investors remained cautious, however, and the yen rose as a top Dubai finance official said the government will not guarantee Dubai World's debt and said creditors are responsible for their actions. [ID:nSP362937]
"Even though the dollar is down, risk has been definitely taken off the table," said John McCarthy, director of foreign exchange at ING Capital Markets in New York, citing weakness in stocks.
Dollar selling may also have something to do with month-end flows related to foreign portfolios, he added.
Since the U.S. stock market rallied in November -- the S&P 500 is on track to post gains of 5 percent this month -- and boosted foreign funds' dollar holdings, managers needed to sell dollars to maintain hedge ratios at the end of the month.
"If not for the month-end flows, we would see the dollar much higher. What the Dubai news has confirmed is that the world (economy) is not as robust as the equity markets would like us to think," McCarthy said.
In early afternoon trading, the ICE Futures U.S. dollar index .DXY, a gauge of the greenback's performance against six other major currencies, was down 0.2 percent on the day at 74.860. The index touched a 15-month low of 74.170 last week.
The euro rose 0.2 percent to $1.5001 EUR=, pulling back from last week's 15-month peak just above $1.5140.
ROBUST MIDWEST ACTIVITY
A report showing business activity in the U.S. Midwest expanded more strongly than expected in November briefly lifted the euro above Major currencies, however, stayed in narrow ranges as U.S. stocks fell in choppy trading and investors worried that markets will remain volatile until year-end.
"We will have a lot of window dressing as the year winds down and investors and fund managers tend to shy away from riskier assets and currencies," said Shaun Osborne, chief currency strategist at TD Securities in Toronto.
For the month, the euro gained about 1.9 percent against the dollar. The greenback fell 4.3 percent against the yen, its worst monthly performance since the end of 2008.
The yen held steady after hitting a 14-year high at 84.81 yen last week, according to Reuters data. The dollar last traded down 0.2 percent at 86.25 yen JPY=, while the euro dipped 0.1 percent to 129.38 yen EURJPY=R.
A Japanese official on Monday said the government would try to stem the currency's rise, although he did not cite any specific measures.
"In light of the Dubai shock, we want to respond more aggressively than originally planned with an extra budget," Japan's Strategy Minister Naoto Kan, who is also deputy prime minister, told reporters. "We also want to stop the yen's rise and cooperate with the BOJ." [ID:nT77759]
Those remarks, however, did not deter investors from buying the yen. Most analysts believe Japanese authorities will not intervene in the market to slow the yen's gains given that the rise in the currency is more a reflection of the dollar's weakness than yen strength.
Continue Reading...
The U.S. currency decline began in Asia as equities advanced on a pledge by the central bank of the United Arab Emirates to provide emergency support to the region's banks. Dubai's oil-rich neighbor, Abu Dhabi, also offered to provide selective support to Dubai companies. For details, see [ID:nGEE5AS0AH]
Investors remained cautious, however, and the yen rose as a top Dubai finance official said the government will not guarantee Dubai World's debt and said creditors are responsible for their actions. [ID:nSP362937]
"Even though the dollar is down, risk has been definitely taken off the table," said John McCarthy, director of foreign exchange at ING Capital Markets in New York, citing weakness in stocks.
Dollar selling may also have something to do with month-end flows related to foreign portfolios, he added.
Since the U.S. stock market rallied in November -- the S&P 500 is on track to post gains of 5 percent this month -- and boosted foreign funds' dollar holdings, managers needed to sell dollars to maintain hedge ratios at the end of the month.
"If not for the month-end flows, we would see the dollar much higher. What the Dubai news has confirmed is that the world (economy) is not as robust as the equity markets would like us to think," McCarthy said.
In early afternoon trading, the ICE Futures U.S. dollar index .DXY, a gauge of the greenback's performance against six other major currencies, was down 0.2 percent on the day at 74.860. The index touched a 15-month low of 74.170 last week.
The euro rose 0.2 percent to $1.5001 EUR=, pulling back from last week's 15-month peak just above $1.5140.
ROBUST MIDWEST ACTIVITY
A report showing business activity in the U.S. Midwest expanded more strongly than expected in November briefly lifted the euro above Major currencies, however, stayed in narrow ranges as U.S. stocks fell in choppy trading and investors worried that markets will remain volatile until year-end.
"We will have a lot of window dressing as the year winds down and investors and fund managers tend to shy away from riskier assets and currencies," said Shaun Osborne, chief currency strategist at TD Securities in Toronto.
For the month, the euro gained about 1.9 percent against the dollar. The greenback fell 4.3 percent against the yen, its worst monthly performance since the end of 2008.
The yen held steady after hitting a 14-year high at 84.81 yen last week, according to Reuters data. The dollar last traded down 0.2 percent at 86.25 yen JPY=, while the euro dipped 0.1 percent to 129.38 yen EURJPY=R.
A Japanese official on Monday said the government would try to stem the currency's rise, although he did not cite any specific measures.
"In light of the Dubai shock, we want to respond more aggressively than originally planned with an extra budget," Japan's Strategy Minister Naoto Kan, who is also deputy prime minister, told reporters. "We also want to stop the yen's rise and cooperate with the BOJ." [ID:nT77759]
Those remarks, however, did not deter investors from buying the yen. Most analysts believe Japanese authorities will not intervene in the market to slow the yen's gains given that the rise in the currency is more a reflection of the dollar's weakness than yen strength.
Eye on the consumer Black Friday, Cyber Monday, Obama, Bernanke and the jobs market are all in focus as the year's final month approaches.
Wall Streeters returning Monday after an almost five-day holiday weekend better be well rested: the week ahead brings an onslaught of reports on retailers, consumer spending and the jobs market.
Financial markets were closed Thursday for Thanksgiving and Friday's half day was barely attended. Dubai's debt problems, a rallying dollar and a selloff in commodities dragged on stocks and may continue to exert pressure Monday.
But tempering that will be what looks to be a mildly positive start to the holiday shopping period. Reports released over the weekend suggest that despite the brutal jobs market, decline in personal wealth and lingering worries about the economy, consumers are willing to spend if the deal is right.
"So far, so good on Black Friday," said Karl Mills, chief investment officer at Jurika, Mills & Keifer. "But more important than what happens this weekend is what happens to the consumer longer term."
This week also brings significant readings on manufacturing, housing and the labor market, with the big November jobs report from the government due at the end of the week.
President Obama speaks Tuesday night about Afghanistan and Federal Reserve Chairman Ben Bernanke's confirmation hearing is Thursday.
Retail: Initial reports and projections for Black Friday and the weekend show consumers have been taking advantage of deals on clothing, toys, electronics and entertainment. Best Buy (BBY, Fortune 500), Wal-Mart Stores (WMT, Fortune 500), Toys R Us and Amazon.com (AMZN, Fortune 500) are among the companies that are already benefiting.
ShopperTrak, a retail analytic firm, said Black Friday sales were up 0.5% from last year.
Cyber Monday, the first day back to work after the holiday, will also be scrutinized for signs that the consumer is participating at a critical time for the economy.
Most economists believe the recession is over, thanks in part to copious amounts of fiscal and monetary stimulus. But an unemployment rate at a 26-year high of 10.2%, lower household income and a still-tight lending environment mean any recovery is likely to be tepid.
Consumer spending fuels roughly two-thirds of economic growth and, with some of the government stimulus programs set to wind down, a still-reticent consumer could be a disaster.
0:00 /2:45Zhu Zhu's hot!
Slide or surge anew? Despite ongoing calls for a bigger selloff, the market has shown an amazing amount of resilience over the last 10 months, posting only slim declines during an otherwise strong, upward trek.
Since closing at a 12-year low on March 9, the S&P 500 has gained just over 60%. Year-to-date, it's gained 21%.
Yet, there is little to suggest a selloff is brewing as the year winds down.
"There are only five weeks left in the year and we are likely to see a measured move up," said David Levy, portfolio manager at Kenjol Capital Management.
"With only a few small corrections since March, the people who are still sitting on the sidelines are going to have to jump in," he said.
On the docket
Monday: Black Friday passes the torch to Cyber Monday, the big online shopping day that follows the long Thanksgiving weekend.
The Chicago PMI, a regional read on manufacturing, is due out shortly after the start of trading. The index is expected to have fallen to 53 from 54.2 in October.
Tuesday: The ISM Manufacturing index is the standout on a busy day for economic news. The index is expected to have fallen to 54.8 from 55.7 in October.
Construction spending for October is expected to have fallen 0.4% after rising 0.8% in September.
The pending home sales index for October is expected to have fallen 0.5% after rising 6.1% in the previous month.
Also on tap: reports on November auto and truck sales.
On Tuesday evening, President Obama is expected to announce his strategy on Afghanistan in a speech given at West Point, N.Y. (For a preview of what to look for, click here.)
Wednesday: Payroll services firm ADP releases its survey on private-sector employment shortly before the start of trading. Employers in the private sector are expected to have cut 148,000 jobs from their payrolls in November, after cutting 203,000 in the previous month.
Challenger, Gray & Christmas will also release its November report on planned job cut announcements in the morning. In the afternoon, the Fed releases its periodic "beige book" report on the economy.
Thursday: The weekly jobless claims report from the Labor Department is due before the start of trading. Approximately 483,000 Americans are expected to have filed new claims for unemployment, up from 466,000 the previous week.
Continuing claims - a measure of people who have been receiving benefits for a week or more - is expected to have risen to 5,517,000 from 5,423,000 the previous week.
The nation's retailers release their sales figures for November in the early morning. The figures will include the critical Black Friday period.
At 10 a.m. ET the Senate Banking Committee holds a confirmation hearing on Ben Bernanke's second term as Federal Reserve Chairman.
The revised reading on third-quarter productivity, the third-quarter employment cost index and the November ISM services sector index are all due as well.
Friday: The November employment report from the Labor Department is the biggest economic report of the week. Employers are expected to have cut 114,000 jobs from their payrolls in the month after cutting 190,000 in the previous month.
The unemployment rate, generated by a separate survey, is expected to hold steady at 10.2%, unchanged from October.
The October factory orders report is due out after the start of trading. Orders are expected to have risen 0.1% after rising 0.9% in September. To top of page
Continue Reading...
Financial markets were closed Thursday for Thanksgiving and Friday's half day was barely attended. Dubai's debt problems, a rallying dollar and a selloff in commodities dragged on stocks and may continue to exert pressure Monday.
But tempering that will be what looks to be a mildly positive start to the holiday shopping period. Reports released over the weekend suggest that despite the brutal jobs market, decline in personal wealth and lingering worries about the economy, consumers are willing to spend if the deal is right.
"So far, so good on Black Friday," said Karl Mills, chief investment officer at Jurika, Mills & Keifer. "But more important than what happens this weekend is what happens to the consumer longer term."
This week also brings significant readings on manufacturing, housing and the labor market, with the big November jobs report from the government due at the end of the week.
President Obama speaks Tuesday night about Afghanistan and Federal Reserve Chairman Ben Bernanke's confirmation hearing is Thursday.
Retail: Initial reports and projections for Black Friday and the weekend show consumers have been taking advantage of deals on clothing, toys, electronics and entertainment. Best Buy (BBY, Fortune 500), Wal-Mart Stores (WMT, Fortune 500), Toys R Us and Amazon.com (AMZN, Fortune 500) are among the companies that are already benefiting.
ShopperTrak, a retail analytic firm, said Black Friday sales were up 0.5% from last year.
Cyber Monday, the first day back to work after the holiday, will also be scrutinized for signs that the consumer is participating at a critical time for the economy.
Most economists believe the recession is over, thanks in part to copious amounts of fiscal and monetary stimulus. But an unemployment rate at a 26-year high of 10.2%, lower household income and a still-tight lending environment mean any recovery is likely to be tepid.
Consumer spending fuels roughly two-thirds of economic growth and, with some of the government stimulus programs set to wind down, a still-reticent consumer could be a disaster.
0:00 /2:45Zhu Zhu's hot!
Slide or surge anew? Despite ongoing calls for a bigger selloff, the market has shown an amazing amount of resilience over the last 10 months, posting only slim declines during an otherwise strong, upward trek.
Since closing at a 12-year low on March 9, the S&P 500 has gained just over 60%. Year-to-date, it's gained 21%.
Yet, there is little to suggest a selloff is brewing as the year winds down.
"There are only five weeks left in the year and we are likely to see a measured move up," said David Levy, portfolio manager at Kenjol Capital Management.
"With only a few small corrections since March, the people who are still sitting on the sidelines are going to have to jump in," he said.
On the docket
Monday: Black Friday passes the torch to Cyber Monday, the big online shopping day that follows the long Thanksgiving weekend.
The Chicago PMI, a regional read on manufacturing, is due out shortly after the start of trading. The index is expected to have fallen to 53 from 54.2 in October.
Tuesday: The ISM Manufacturing index is the standout on a busy day for economic news. The index is expected to have fallen to 54.8 from 55.7 in October.
Construction spending for October is expected to have fallen 0.4% after rising 0.8% in September.
The pending home sales index for October is expected to have fallen 0.5% after rising 6.1% in the previous month.
Also on tap: reports on November auto and truck sales.
On Tuesday evening, President Obama is expected to announce his strategy on Afghanistan in a speech given at West Point, N.Y. (For a preview of what to look for, click here.)
Wednesday: Payroll services firm ADP releases its survey on private-sector employment shortly before the start of trading. Employers in the private sector are expected to have cut 148,000 jobs from their payrolls in November, after cutting 203,000 in the previous month.
Challenger, Gray & Christmas will also release its November report on planned job cut announcements in the morning. In the afternoon, the Fed releases its periodic "beige book" report on the economy.
Thursday: The weekly jobless claims report from the Labor Department is due before the start of trading. Approximately 483,000 Americans are expected to have filed new claims for unemployment, up from 466,000 the previous week.
Continuing claims - a measure of people who have been receiving benefits for a week or more - is expected to have risen to 5,517,000 from 5,423,000 the previous week.
The nation's retailers release their sales figures for November in the early morning. The figures will include the critical Black Friday period.
At 10 a.m. ET the Senate Banking Committee holds a confirmation hearing on Ben Bernanke's second term as Federal Reserve Chairman.
The revised reading on third-quarter productivity, the third-quarter employment cost index and the November ISM services sector index are all due as well.
Friday: The November employment report from the Labor Department is the biggest economic report of the week. Employers are expected to have cut 114,000 jobs from their payrolls in the month after cutting 190,000 in the previous month.
The unemployment rate, generated by a separate survey, is expected to hold steady at 10.2%, unchanged from October.
The October factory orders report is due out after the start of trading. Orders are expected to have risen 0.1% after rising 0.9% in September. To top of page
UAE push to head off debts damage
The United Arab Emirates on Sunday stepped in to shore up its banks and head off any potential capital flight as the nation’s federal authorities attempted to counter concerns over Dubai’s debt problems.
The UAE central bank set up an emergency liquidity facility to ease fears about its banking system, but investors remained nervous about the short-term impact on local markets as regional traders digested the global sell-off caused by the announcement that one of Dubai’s flagship entities – Dubai World – was seeking a standstill deal with creditors until May.
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The UAE central bank set up an emergency liquidity facility to ease fears about its banking system, but investors remained nervous about the short-term impact on local markets as regional traders digested the global sell-off caused by the announcement that one of Dubai’s flagship entities – Dubai World – was seeking a standstill deal with creditors until May.
Dubai shockwave hits global markets
Tremors from the shock request by Dubai’s flagship government-owned holding company for a debt standstill spread through global equity markets on Friday, triggering a sell-off in Asia and heavy losses on Wall Street.
While European markets staged a modest but nervous rally after heavy sell-offs this week, investor sentiment remained jittery amid a scramble to assess the broader fallout of the problems of Dubai World.
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While European markets staged a modest but nervous rally after heavy sell-offs this week, investor sentiment remained jittery amid a scramble to assess the broader fallout of the problems of Dubai World.
Trader: Commodities
If you’re worried about inflation, buy commodities. Assets that you can actually touch tend to maintain their value better during inflationary times. But even though agricultural products are in the commodities sector, they may not offer such great protection.
While grains did well during the inflation of the 1970s, they enjoyed more muted success than, say, precious metals. Gold and silver production cannot be increased rapidly, giving the metals scarcity value. The same is not true of agricultural produce.
Today’s record high gold price is interpreted by some as evidence of a pending inflationary spurt. But this has not yet fed through to the price of many soft commodities. Corn, for example, fell by almost two thirds from its summer 2008 high and hit a three-year low in September.
Still, it is possible to make a bullish case for corn and other crops. World population is buoyant and increasingly wealthy consumers in emerging economies are lifting consumption. Also, falling real grain prices for much of the 1980s and 1990s discouraged investment in agriculture, creating the risk of new shortages.
Corn’s price has bounced since September, but its chart is far from appetising. It has failed three times to break decisively above its 21-month exponential moving average (EMA), currently at $402.90. It also faces a daunting barrier from the weekly Ichimoku cloud indicator, the bottom of which is at $396.
In fact, corn’s movements since 2006 have traced out what is potentially a gigantic topping pattern. If it now drops decisively, a revisit of its lows of $305.25 could be in order. Admittedly, the price has twice recently found support there, and the 200-month exponential moving average at $302.31 might also prove helpful. Were corn to drop through that zone, a strong target exists at $280. My Elliott-wave forecast suggests that it might head for $244-$232. By contrast, a determined monthly close above the 21-week EMA would turn me neutral, and a move above $450 would be bullish.
Continue Reading...
While grains did well during the inflation of the 1970s, they enjoyed more muted success than, say, precious metals. Gold and silver production cannot be increased rapidly, giving the metals scarcity value. The same is not true of agricultural produce.
Today’s record high gold price is interpreted by some as evidence of a pending inflationary spurt. But this has not yet fed through to the price of many soft commodities. Corn, for example, fell by almost two thirds from its summer 2008 high and hit a three-year low in September.
Still, it is possible to make a bullish case for corn and other crops. World population is buoyant and increasingly wealthy consumers in emerging economies are lifting consumption. Also, falling real grain prices for much of the 1980s and 1990s discouraged investment in agriculture, creating the risk of new shortages.
Corn’s price has bounced since September, but its chart is far from appetising. It has failed three times to break decisively above its 21-month exponential moving average (EMA), currently at $402.90. It also faces a daunting barrier from the weekly Ichimoku cloud indicator, the bottom of which is at $396.
In fact, corn’s movements since 2006 have traced out what is potentially a gigantic topping pattern. If it now drops decisively, a revisit of its lows of $305.25 could be in order. Admittedly, the price has twice recently found support there, and the 200-month exponential moving average at $302.31 might also prove helpful. Were corn to drop through that zone, a strong target exists at $280. My Elliott-wave forecast suggests that it might head for $244-$232. By contrast, a determined monthly close above the 21-week EMA would turn me neutral, and a move above $450 would be bullish.
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