Dollar Declines Ahead Of Inflation Data - asia.advfn.com/forex/news

Dollar Declines Ahead Of Inflation Data

20:27, 17th August 2011

(RTTNews) - The dollar remained under pressure versus other major currencies Wednesday morning, dropping to its lowest since July versus the euro.

Risk appetite was picking up a bit ahead of pivotal U.S. inflation data, weighing on the dollar.

The Labor Department will release data on the July producer price index at 8:30 a.m. ET. July PPI is forecast to show a 0.1 percent rise after a 0.4 percent decline in June. Core PPI, which strips out food and energy costs, is forecast to show a 0.2 percent increase.

The buck has tumbled versus the euro despite concerns about the euro zone debt crisis. Yesterday's meeting of French President Nicolas Sarkozy and German Chancellor Angela Merkel failed to produce a coherent plan to backstop their debt-ridden neighbors.

However, the leaders shored up their defense of the euro.

"We want to express our absolute will to defend the euro and assume Germany and France's particular responsibilities in Europe and to have on all of these subjects a complete unity of views," said Sarkozy.

The buck dropped to $1.4505 versus the euro, and slid to a 2-month low of $1.6531 against the sterling.

http://asia.advfn.com/forex/news/Dollar-Declines-Ahead-Of-Inflation-Data_48862102.html


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Swiss franc continues remorseless climb - www.sharecast.com

Swiss franc continues remorseless climb By Michael Millar Wed 17 Aug 2011

LONDON (SHARECAST) - The Swiss National Bank (SNB) has again tried - and failed - to push down the value of the Swiss franc, which it says is "massively overvalued".

It increased bank sight deposits from CHF120bn to CHF200bn, significantly increasing the money supply and placing further downward pressure on interest rates.

Sight deposits are funds which can be transferred immediately and without restriction to another account or which can be converted into cash.

However, the central bank refrained from either pegging the currency to the euro or adopting a target, as had been expected.

The franc climbed 1.2% against the dollar and 0.7% versus the euro. 

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4445023&print=1

US Dollar vs Swiss Franc Forex Chart

Euro vs Swiss Franc Forex Chart

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

It’s a Technical Mess All Over the World: Yamada - Yahoo Breakout video

It’s a Technical Mess All Over the World: Yamada

As markets around the world put the brakes on a nascent comeback rally after only 3 sessions, legendary chart analyst Louise Yamada says it's a technical mess all over the world. "We are at a critical juncture right now," warns Yamada. Be it the BRICs, other Emerging Markets, or Europe, Yamada says "all of them have come into long-term sell signals" with the exception of Japan, Thailand, Jakarta, and a few U.S. markets.

As if the debt concerns out of Greece, Italy, and France weren't enough, word comes today that the global slowdown is hitting Europe's largest and most stable economy: Germany. The country reported a weaker than expected second-quarter GDP rate of 0.1%, compared to 1.3% in Q1.

"Germany was the strongest market and it had a very severe setback...and went right to the bottom of the 2010 support," says Yamada. "So any further decline there and you bring into question whether the market goes to the 2009 lows."

In the case of the Germany's benchmark DAX (^GDAXI), that would be a fall to about 3600, nearly 40% below current levels. The index has suffered a 16% drop in August alone.

Another global powerhouse is also in question. Yamada points out that Hong Kong's Hang Seng Index (^HSI) is at the same ''critical juncture." Right now it sits at 2010 support levels and is now looking at the possibility of a further 40% support gap back to its 2009 trough.

But before you race off in search of a safe haven, Yamada says it's best to wait for some clear confirmation that the global downtrend has reversed. Until that happens, "rallies would be best used to lighten some positions."

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

CNN: Understanding the Crisis

by khanacademy on Oct 28, 2008

Video of Sal on CNN on October 10th discussing the credit crisis and a potential solution to it.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

GOOGLE INC. (GOOG) & MOTOROLA MOBILITY HOLDINGS (MMI) Aug 17

Last Trade$538.41

GOOGLE INC. (GOOG)  

SOURCE; NASDAQ

As of August 17, 2011 4:53 am. 

August 16, 2011

S&P Cuts Google Rating To Sell

SAN FRANCISCO - Shares of Google Inc. on Tueday fell more than 3% to $538.70. Standard & Poor's Equity Research downgraded the stock's rating to sell from buy, saying the company's planned merger with Motorola Mobility will likely "negatively impact" the tech giant's growth. S&P also said it's "not sure" the acquisition will help Google protect its Android operating system from intellectual property issues. S&P cut its price target to $500 from $700.

SAN FRANCISCO -- Tech stocks rose in early trading Monday in a session highlighted by Google Inc. saying it will acquire Motorola Mobility Holdings Inc. for $12.5 billion in cash. The deal gives Google access to Motorola's portfolio of wireless technology patents and handsets. Motorola shares climbed $13.80, or more than 56%, to $38.30 after the acquisition was announced.

Read more: http://www.foxbusiness.com/2011/08/15/googles-125-bln-motorola-deal-leads-tech-stocks/#ixzz1VFVCPSIg

MOTOROLA MOBILITY HOLDINGS (MMI)

Last Trade

$38.00

SOURCE; NYSE

As of August 17, 2011 4:02 am

Verizon Says Google Deal May Stabilize Patent Fights

By Greg Bensinger and Spencer E. Ante

Published August 16, 2011

| Dow Jones Newswires

NEW YORK -(Dow Jones)- Verizon Communications Inc. (VZ) said Google Inc.'s (GOOG) $12.5 billion bid for Motorola Mobility Holdings Inc. (MMI) was a welcome development because it may bring "stability" to a recent slate of smartphone patent disputes, though it stopped short of totally endorsing the proposed acquisition. It was the first time a U.S. phone company publicly commented on the blockbuster deal.

"We will be looking with interest as further details of the proposed transaction become clear," said John Thorne, Verizon's senior vice president and deputy general counsel. "But, at first glance, to the extent that this deal might bring some stability to the ongoing smartphone patent disputes, that would be a welcome development."

Read more: http://www.foxbusiness.com/industries/2011/08/16/verizon-says-google-deal-may-stabilize-patent-fights/#ixzz1VFWRtowI

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Active Stocks Nasdaq Aug 17

Symbol	Company	Price	Change	Change %	Volume
SIRI	SIRIUS XM RADIO INC	1.91	+0.01	+0.53%	106,069,597
CSCO	CISCO SYS INC	16.00	-0.03	-0.19%	58,994,013
MSFT	MICROSOFT CORP	25.35	-0.16	-0.63%	54,256,723
DELL	DELL INC	15.80	+0.30	+1.94%	51,542,875
NWSA	NEWS CORP	17.14	+0.23	+1.36%	46,875,484
INTC	INTEL CORP	20.79	-0.10	-0.48%	44,773,378
ORCL	ORACLE CORP	27.57	-0.07	-0.25%	37,615,100
RIMM	RESEARCH IN MOTION LTD	26.93	-0.18	-0.66%	34,798,217
YHOO	YAHOO INC	13.48	+0.02	+0.11%	25,583,139
DNDN	DENDREON CORP	13.07	+0.42	+3.32%	23,380,335
SPLS	STAPLES INC	14.22	+0.52	+3.80%	20,970,262
MU	MICRON TECHNOLOGY INC	6.29	-0.19	-2.93%	20,074,810
ERIC	ERICSSON L M TEL CO	10.81	-0.50	-4.42%	19,982,026
NVDA	NVIDIA CORP	12.99	-0.38	-2.84%	17,931,496
AAPL	APPLE INC	380.48	-2.93	-0.76%	17,817,446
QCOM	QUALCOMM INC	51.07	-0.19	-0.37%	17,788,226
FITB	FIFTH THIRD BANCORP	10.09	-0.06	-0.59%	17,603,409
BIDU	BAIDU INC	136.92	-7.72	-5.34%	17,193,132
BRCD	BROCADE COMMUNICATIONS SYS I	3.75	+0.08	+2.18%	16,462,555
LVLT	LEVEL 3 COMMUNICATIONS INC	1.90	-0.09	-4.52%	16,362,076

APPLE INC. (AAPL) 

SOURCE; NASDAQ

As of August 17, 2011 4:14 am

YAHOO! INC. (YHOO)

SOURCE; NASDAQ

As of August 17, 2011 3:59 am

MICROSOFT CORP. (MSFT)

SOURCE; NASDAQ

As of August 17, 2011 4:43 am

RESEARCH IN MOTION LIMITED (RIMM)

SOURCE; NASDAQ

As of August 17, 2011 4:00 am

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.