
Not always quick in and out. Some I will hold. :)
snow_liao ( Date: 11-Nov-2010 00:54) Posted:
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icetomato ( Date: 10-Nov-2010 23:27) Posted:
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icetomato ( Date: 11-Nov-2010 00:33) Posted:
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Hello snow_liao! Welcome!
Haha... what you learn from me??? I'm also quite green... Don't know how to read chart, don't know candlesticks etc... Don't be cheated by my ''veteran'' status k.
snow_liao ( Date: 11-Nov-2010 00:26) Posted:
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Obama arrives in South Korea
Tensions about currency and trade are likely to run high at the G-20 meeting, which will be held Thursday and Friday in Seoul, the South Korean capital.
Officials in China and the United States have accused the other of manipulating its currency at the expense of other economies. And the G-20 has acknowledged that the global economic recovery is advancing in "a fragile and uneven way."
hi all,
it has been great following this thread, learn a lot from all your kind sharing. esp BT, blaze, icetomato, AK and many juz to name a few.
i really enjoy and have fun reading how u guys started off, analyse and post replies, been following since 2mths back from gensp starts to move.
Drop by to say thank you. Also I m still quite green in this trade, hope to learn more from you guys.
cheers
market pulse
Nov. 10, 2010, 10:43 a.m. EST
Crude turns higher after bullish supplies data
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures turned positive Wednesday after the Department of Energy's Energy Information Administration reported a decline of 3.3 million barrels in the nation's crude-oil supplies in the week ended Nov. 5. Gasoline stocks declined 1.9 million barrels, while distillates supplies dropped 5 million barrels, the EIA reported. The numbers ran counter to analyst expectations of an increase for crude stocks and smaller declines for crude products' supplies. Crude for December delivery added 35 cents, or 0.4%, to $87.07 a barrel on the New York Mercantile Exchange. Futures had turned lower minutes before the data on a broad commodities sell-off due to a rising dollar
Dow -ve , GSP +ve ?
the game didn't play this way for a while..
let's see who got upper hand...roller coaster is set to go...
Europe trumble? sure...they're as they also are e big creditor of USD..& debtors of China trade..
Caught in the fight btw East (cn) and West (us)...
they shall be scared...head or tail ...they're still at losing end.
elton81 ( Date: 10-Nov-2010 23:22) Posted:
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Nov. 10, 2010, 10:38 a.m. EST
US Stocks Down As Global Concerns Increase; DJIA Down 70
NEW YORK (MarketWatch) -- U.S. stocks slumped for a third straight day as investors focused on global economic concerns, despite U.S. jobless claims falling to their lowest point in four months.
The Dow Jones Industrial Average fell 70 points, or 0.6%, to 11275 in morning trading, while the Standard & Poor's 500-stock index fell seven points to 1207 and the Nasdaq Composite slipped 14 points to 2549.
All of the S&P's 10 sectors were lower, while all but five of the Dow's 30 components were in the red.
The broad declines came despite the number of U.S. workers filing new claims for jobless benefits last week falling by a greater-than-expected 24,000 to 435,000, the lowest level in four months. The four-week moving average, which aims to smooth volatility in the data, fell to its lowest point since Sept. 13, 2008--the weekend of the collapse of Lehman Brothers Holdings.
That data, together with a sharp contraction in the U.S. trade deficit, painted a slightly better economic picture for the U.S., one week after the Federal Reserve said it would step in to help the economy, and one day after the biggest drop on the blue-chip Dow index in three weeks.
The U.S. trade deficit has been one of the biggest drags on the economy in recent quarters, but the gap with China and other major trading partners narrowed amid a decline in overall imports.
Even so, investors sold off shares as they focused on economic worries in China and Europe. In China, the central bank moved to rein in liquidity, requiring banks to raise their reserves by half a percentage point, the fourth such increase this year.
Meanwhile, European fears flared up again, as investors dumped Irish, Portuguese and Greek bonds, making relatively safer issues by Germany, France and the U.K. more attractive.
"Between Europe and what China is going to do, I think that's weighing more than anything to do with quantitative easing," said Jerome Heppelmann, portfolio manager at Old Mutual Focused Fund.
Heppelmann also found little to cheer in the jobless numbers. "The marginal improvements aren't, in my mind, enough to really get the markets going," he said. "When you compare this to other recoveries, it shows you this is the weakest recovery on record--we're looking back to 2008 when 2010 is almost over, and we're still dealing with really horrific numbers. In other cycles, we're already back
icetomato ( Date: 10-Nov-2010 23:35) Posted:
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Europe Markets
Nov. 10, 2010, 10:30 a.m. EST
Europe pushes further into the red
Natixis, UniCredit fall after financial results; Delhaize, ING gain
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — European stock markets took a sharper turn south on Wednesday afternoon, weighed by a weak start for Wall Street with wary investors eyeing everything from Chinese economic data to a mixed Portugal debt auction.
epliew ( Date: 10-Nov-2010 20:38) Posted:
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Market Snapshot
Nov. 10, 2010, 10:04 a.m. EST
U.S. stocks waver after jobless claims
‹ Previous Column
First Take ›
By Jonathan Cheng, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks slipped despite new jobless claims falling to their lowest point in four months.
The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 11,277, -70.05, -0.62%) was off 28 points, or 0.3%, to 11317 in recent trading, while the Standard & Poor’s 500-stock index /quotes/comstock/21z!i1:in\x (SPX 1,207, -6.12, -0.50%) fell two points to 1212 and the Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,551, -12.39, -0.48%) slipped five points to 2558.
That data, together with a sharp contraction in the U.S. trade deficit, painted a slightly better economic picture for the U.S., one week after the Federal Reserve said it would step in to help the economy, and one day after the biggest drop on the blue-chip Dow index in three weeks.
The U.S. trade deficit has been one of the biggest drags on the economy in recent quarters, but the gap with China and other major trading partners narrowed amid a decline in overall imports.
European stock markets traded lower, with the Stoxx Europe 600 index falling 0.3% in intraday trading. In Asia, the Nikkei stock index gained 1.4%, while Hong Kong’s Hang Seng Index slipped 0.9%.
In the currency markets, the British pound gained 0.6% to $1.6080, as the Bank of England said that U.K. consumer-price inflation is likely to remain above the 2% target rate in 2011. The yen also sank to 82.38, the weakest it has been in a month.
The U.S. Dollar Index /quotes/comstock/11j!i:dxy0 (DXY 77.97, +0.53, +0.68%) , which tracks the performance of the greenback against a basket of other major currencies, gained 0.2%. The yield on the benchmark 10-year note moved higher to 2.68%.
Gold /quotes/comstock/21e!f:gc\z10 (GCZ10 1,392, -17.80, -1.26%) fell back below $1,400 an ounce, while oil /quotes/comstock/21n!f:cl\z10 (CLZ10 86.63, -0.09, -0.10%) edged up to over $87 a barrel
u not only one...despite loosing more den wat i gain..i learn alot from this forum
so thanks to all
watermelon ( Date: 10-Nov-2010 22:51) Posted:
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