Forex-dollar Limited By Investors Fears On U.s. Budget Impasse

So far this week, it is up a mere 0.1 percent. Other U.S. figures out on Thursday, including a worrisome decline in consumer prices, underscored the Fed’s reluctance to slow down its money-printing press. Since the surprise decision last week and following a string of speeches by Fed officials, markets are no clearer on when the Fed will eventually taper its stimulus. Three top Fed officials said on Thursday the central bank had confused markets over its policy outlook.
Source: http://www.reuters.com/article/2013/09/26/markets-forex-idUSL4N0HM4D620130926

The euro fell against the dollar after Italy’s ongoing political crisis flared up and threatened to topple it shaky ruling coalition. The euro was down 0.2 percent at $1.3498. Against the yen, the dollar was up 0.2 percent at 98.72 yen but still not far from a one-week low of 98.27 yen touched earlier in the day. Large options expiries were reported at 95.0 yen, 99.0 yen and 100.0 yen.
Source: http://uk.reuters.com/article/2013/09/26/markets-forex-idUKL5N0HM21M20130926

The broker also provides excellent user-friendly learning with its online trading and educational products. Nonetheless, it has carved a niche for its easy to understand tools in training, analytics and education. With more than 650 employees worldwide, Forex Club has made funding of traders’ accounts and withdrawing money easy and fast at the same time with various payment options. Writing about the legal compliance by Forex Club, a reviewer at ForexMinute says, The broker’s priorities are to conduct business in strict compliance with current regulatory requirements of the markets and norms set by the governments in various countries. The broker also provides attractive opportunities for financial institution, professional trader, Forex seminar organizer, money manager and others to become partner and receive comprehensive exposure it brings along. About ForexMinute.com ForexMinute, the world’s leading Forex news and views portal, has become a one-stop solution provider for Forex traders and brokers as well as Bitcoins news. It provides all the required tools to individuals should i buy soxs etf right now? to become a professional Forex trader.
Source: http://www.benzinga.com/pressreleases/13/09/p3946925/forexminute-reviews-and-recommends-forex-club-for-its-zero-spread-tradi

Forex Strategy: EUR/GBP and AUD/USD in Play

A stop-loss will be triggered on a close below 0.8847. See the latest AUD/USD Technical Analysis update here . Want to learn how to invest in big-picture macro FX market trends? Take a look at this video on currency baskets .
Source: http://finance.yahoo.com/news/forex-strategy-eur-gbp-aud-123000953.html

Forex – USD/JPY falls despite decent CPI data

dollar on Thursday, as the release of disappointing U.S. economic growth data weighed on demand for the greenback amid ongoing speculation over the future of the Federal Reserve’s stimulus program. EUR/USD hit 1.3485 during European afternoon trade, the session low; the pair subsequently conslidated at 1.3499, shedding 0.20%. The pair was likely to find support at 1.3338, the low of September 18 and resistance at 1.3544, the high of September 23.
Source: http://www.nasdaq.com/article/forex-eurusd-remains-lower-after-us-gdp-jobless-data-cm280542

ForexMinute Reviews and Recommends Forex Club for its Zero Spread Trading

A core tenant of Prime Minister Shinzo Abe’s efforts to rejuvenate the economy has been an ambitious goal of engineering inflation of at least 2% in two years. While some members of the Bank of Japan and other Japanese policymakers have said 2% inflation in two years will be a hard goal to reach, Friday’s CPI numbers may serve as another sign that Abenomics, albeit slowly, is working. Abe’s plan to raise sales tax in Japan also remains in focus. Next week’s tankan survey from the Bank of Japan is seen as crucial to Abe’s plan to push through the tax hike.
Source: http://www.moneycontrol.com/news/rupee/forex-usd-jpy-falls-despite-decent-cpi-data_958238.html

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4 Stocks Set To Benefit From The Rebound In Construction

Louis Federal Reserve. Although we are certainly well below the peaks we saw in 2006, all of those data points have rebounded significantly from the lows seen during the great recession. In all of this, it also must be noted that we are unlikely to see the incredible run seen in the early part of the 2000s, as the percentage of Americans owning homes has fallen from 69% in 2005 to 65% in 2012 as the overall demand for housing has waned. However, the rebound presents encouraging developments in the vitally important housing sector, which, in 2005, contributed to almost 19% of the U.S.’s Gross Domestic Product, and as of the most recent quarter has fallen to under 16% according to the National Association of Home Builders. While we can see that housing is beginning to mend — the question becomes: Will that tell us if that will be a boon to home builders and their investors? The stocks When we look at the stock performance of four of the largest public homebuilders over the last 20 years we see they have all performed well when compared to the S&P 500 even after accounting for their tremendous falls in from 2005 to 2010: Total return 1/1/1993-9/17/2013 D.R.
Source: http://www.fool.com/investing/general/2013/09/18/5-stocks-set-to-benefit-from-the-rebound-in-constr.aspx

Tech stocks: Take-Two surging off ‘GTA V’ sales

EDT September 19, 2013 A scene from ‘Grand Theft Auto V.’ (Photo: Rockstar Games) SHARE 1 CONNECT 10 TWEET COMMENTEMAILMORE Wall Street seems pleased with the early sales results of Take-Two Interactive’s blockbuster video game Grand Theft Auto V. Let’s take a look at the tech stocks to watch Thursday. Take-Two shares surging. The video game publisher’s stock price jumped 5% in early morning trading before settling down to a 2.3% gain. The jump is linked to new details on action title Grand Theft Auto V, which raked in $800 million in retail sales on its first day of availability. top stocks “We are incredibly proud of Rockstar Games’ creative achievement and could not be more pleased with the success of this launch,” says Take-Two CEO Strauss Zelnick in a statement.
Source: http://www.usatoday.com/story/tech/2013/09/19/tech-stocks-take-two-grand-theft-auto/2836661/

Stocks to gain another 20 percent: Strategist

“The Fed is continuing to put liquidity into the markets,” he said. “The economy is continuing to grow, and equities still represent good value, not as good as they did two years ago but good value.” Ezrati said that he preferred cyclical stocks. “We prefer growth to value in this environment,” he said. By CNBC’s Bruno J. Navarro .
Source: http://www.cnbc.com/id/101048187

Cramer: ‘Cult’ and international stocks the places to be

Total value turnover was high at P15.96 billion with advancers outpacing decliners, 133 to 36. Some of the most actively traded stocks were Alliance Global Group Inc., BDO Unibank Inc., Metropolitan Bank and Trust Co., SM Investments Corp., Ayala Land Inc., SM Prime Holdings Inc., Megaworld Corp., Manila Electric Co., Ayala Corp. and Bank of the Philippine Islands. On Wednesday, Philippine shares snapped out of its two-day winning momentum ahead of the announcement of the results of the two-day US Federal Reserve policy meeting.
Source: http://investing.businessweek.com/research/markets/news/article.asp?docKey=600-201309200001KRTRIB__BUSNEWS_28378_32212-1&params=timestamp||09/20/2013%2012:01%20AM%20ET||headline||Stocks%20up%20on%20good%20news%20from%20US%20Fed%20%5BThe%20Manila%20Times%2C%20Philippines%5D||docSource||McClatchy-Tribune||provider||ACQUIREMEDIA

CANADA STOCKS-Fed surprise propels TSX to two-year high

All life-support systems remain for the time being,” said Matt Skipp, president of SW8 Asset Management, a Toronto-based hedge fund. “Obviously the markets are taking a big leg up as a result,” he added. “But there might be moments of introspection when you realize they don’t have enough confidence in the economy to begin to taper.” Skipp said he doubled his exposure to gold-mining stocks to 10 percent of his portfolio after the Fed statement. The Toronto Stock Exchange’s S&P/TSX composite index closed up 97.29 points, or 0.76 percent, at 12,931.40, after rising as high as 12,958.88, its highest level since August 2011. About 382 million shares changed hands, compared with an average daily volume of about 291 million shares in August, according to market operator TMX Group.
Source: http://www.reuters.com/article/2013/09/18/markets-canada-stocks-idUSL2N0HE2KG20130918?feedType=RSS&virtualBrandChannel=11563

Stocks up on good news from US Fed [The Manila Times, Philippines]

(Related: Cramer: Buying these stocks is like trading ‘on quicksand’ ) “Those are the cult stocks of the growth momentum players. Do not get in front of a growth stock between here and year-end,” he advised. Cramer also said that international stocks are a good bet to weather the uncertainty generated by events such as the debt ceiling debate and a potentially overbought U.S. market.
Source: http://www.cnbc.com/id/101047741?doc=101047741%7CCramer:+Buy+these+%27cult%27+

Back To School: Deducting Interest Paid On Student Loans (even If You Don’t Pay The Loans)

Because rates are starting out very low today, and the variable rate SoFi loan is capped at 8.95%. Having a cap on a variable rate loan can remove some of the risk if youre concerned about interest rates going sky high. And finally, in Scenario #3, where rates only go up a small amount, the variable rate SoFi loan has a better outcome than all of the federal options. Now, this example is really intended to illustrate how variable rate and fixed rate individual situation could vary from above, you can talk to one of our savings consultants to get a better feel for which loan is right for you. The SoFi team is standing by at 1-855-456-SOFI. Views expressed in this post are that of Mike Cagney, CEO of SoFi.
Source: http://dealbreaker.com/2013/09/evaluating-a-variable-rate-student-loan/

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Source: http://www.sacbee.com/2013/09/09/5719614/student-loan-providers-rapidly.html

Education Department Lets Borrowers Default On Student Loans, Ignoring Helpful Alternatives

I paid off my undergrad loans (whew!) but am still paying for law school. To help ease the pain of paying off all of that debt, Congress has made it tax favorable. That hasnt always been the case: beginning in 1986, you couldnt claim a deduction for interest paid for personal reasons (one glaring exception being the home mortgage interest deduction). However, in 1997, as part of the Taxpayer Relief Act of 1997, interest paid for student federal student loan forgiveness loans was deemed to be deductible. For more on the history of student loans, check out this prior post . Today, there is a deduction allowed for paying interest on a student loan used for higher education.
Source: http://www.forbes.com/sites/kellyphillipserb/2013/09/10/back-to-school-deducting-interest-paid-on-student-loans-even-if-you-dont-pay-the-loans/

Student-loan providers rapidly dwindling

By Christine DiGangi | Credit.com 19 hours ago Its easy for someone to say, Follow your dreams they dont have to pay for it. Then again, maybe they could. Piglt (pronounced piglet) is a platform for crowdfunding higher education expenses and student loan debt . Dreamers promote their campaigns, set a fundraising goal and hope to connect with people Believers, as Piglt calls them who want to contribute. But the money doesnt go to the Dreamer. At the end of the campaign, the money raised (minus Piglts servicing fee and third-party payment fee) goes directly to the educational institution or the loan servicer .
Source: http://finance.yahoo.com/news/crowdfunding-student-loan-debt-123003343.html

Even Ivy Leaguers default on student loans

We’ve got a crisis in terms of college affordability and student debt, Obama said in an Aug. 22 speech at the State University of New York in Buffalo. Our economy cant afford the trillion dollars in outstanding student loan debt, much of which may not get repaid because students don’t have the capacity to pay it. Speaking the next day at another school in upstate New York, SUNY Binghamton, Obama warned that if young people are “burdened with tens of thousands of dollars of debt, in some cases it’s impossible for them ever to pay it off, or they have to put off buying a home, or starting a business, or starting a family. And that has a depressive effect on our economy overall, he said. So it’s not just bad for the students, it’s also bad for the economy as a whole. Regulators have warned that rising levels of student debt risk curtailing consumption and slowing the U.S. economy. Obama has said the debt burden holds back our entire middle class. Chris Greene, a spokesman for the Education Department, said the roughly equal increases in the number of borrowers in default and the number enrolling in debt-relief plans over the past year was purely coincidental. First, borrowers entering default are likely at very different points in their repayment lifecycle than borrowers entering IBR or Pay As You Earn, Greene said.
Source: http://www.huffingtonpost.com/2013/09/11/income-based-repayment_n_3903208.html

Crowdfunding for Student Loan Debt?

And of course, no matter how the data is diced, the bottom line for both schools and their students is that they have extremely low defaults compared with the national average for the same period, which is 13.4%, according to the Education Department. At a time when student-loan debt has surpassed $1 trillion and defaults on these loans are rising, students, particularly those from lower- to middle-income families at many high-ranked institutions, have been largely able to avoid these headaches. In many cases, they dont even have to take out student loans. For example, all of the Ivy League universities have no-loan policies, which replace loans with grants and other free aid for at least some of their students who demonstrate financial need. In Princetons case, this happens for all students who qualify for financial need. As a result, just 5% of its more than 5,000 undergraduate students during the 2011-12 academic year were signed up for federal student loans, according to the latest data from the Education Department.
Source: http://www.marketwatch.com/story/even-ivy-leaguers-default-on-student-loans-2013-09-11

Is Trading Around A Core Position Right For You?

Should the contract expire worthless, the premium would represent a 1.20% return on the cash commitment, or 54.75% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of the S&P 500 Below is a chart showing the trailing twelve month trading history for Vale S. A., and highlighting in green where the $15.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $15.50 strike price has a current bid of 27 cents. If an investor was to purchase shares of VALE stock at the current price level of $15.38/share, and then sell-to-open that call contract as a covered call, they are committing to sell the stock at $15.50.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/09/05/vale-september-13th-options-begin-trading/

Citi’s move away from the storied CBOT floor is the latest in an ongoing exodus, prompted by the shift of the vast majority of trading volume in grains and other products to electronic trading platforms. For years, Citi was a fixture in trading pits that established Chicago as the center of the world’s futures trade more than a century ago. Citi has a sales staff of about 20 in Chicago who handle trading in interest rate products, equities and commodities. Most will keep their jobs except for those whose jobs that are tied to floor activity, such as floor runners, according to the source. Citigroup spokesman Scott Helfman offered the following statement but would not comment further: “Citi is committed to the futures business and we will continue to be an active market participant in the sector.” The shift away from open-outcry trading has accelerated since June 2102, when the CME Group (CME.O), parent of the CBOT, changed the way grain futures are settled at the end of the trading day. Under the new rules, settlement prices, which had long been established solely in the open-outcry pits, became based on a blend of electronic and pit-traded values.
Source: http://www.reuters.com/article/2013/09/06/us-citigroup-cbot-idUSBRE98513U20130906?feedType=RSS

If you want to buy 100 shares of Google, trading around a core position means buying 25 shares 4 times over a period of weeks. ( Click here for video linked to a searchable transcript of this Mad Money segment ) ” Mad Money ” is dedicated to investing, that is helping individuals make money over the long-term. However, after learning the basics, some investors start to wade into the deep end of the pool; that is they trade . Now Jim Cramer feels strongly that individuals can profit from the market substantially and never trade a day in their lives. However, Cramer also supports anyone who feels familiar enough with the workings of the stock market to trade, that is move in and out of positions over a relatively short amount of time.
Source: http://www.cnbc.com/id/100918013

Top 4 Most Scandalous Insider Trading Debacles

Wiggin, the respected head of Chase National Bank, seemed an unlikely target until it was revealed that he shorted 40,000 shares of his own company. This is like a boxer betting on his opponent a serious conflict of interest. Using wholly-owned family corporations to hide the trades, Wiggin built up a position that gave him a vested interest in running his company into the ground. There were no specific rules best etfs to buy now against shorting your own company in 1929, so Wiggin legally made $4 million from the 1929 crash and the shakeout of Chase stock that followed. (Learn how to distinguish tops and bottoms in the equity market when short selling, read Finding Short Candidates With Technical Analysis .) Not only was this legal at the time, but Wiggin had also accepted a $100,000 a year pension for life from the bank.
Source: http://finance.yahoo.com/news/top-4-most-scandalous-insider-110000794.html

World Stocks Rally On Upbeat Economic Reports

A rise in manufacturing output — with two separate readings showing improvement in August — threw positive light on the outlook for the global economy. Steadying growth in China’s vast manufacturing sector, seen as an economic bellwether, could ease the pressure on the Chinese government to launch more significant stimulus measures. A euro zone reading of manufacturing output rose for the fourth consecutive month in August, according to data from Markit. The result was helped by a strong improvement in German manufacturing conditions, rising to their highest level in more than two years, as export demand rebounded.
Source: http://money.cnn.com/2013/09/02/investing/world-markets-stocks/index.html

Stocks Hold Slight Gains as Syria Fears Fade

interests. “To be sure, a Syria strike no longer being imminent is reason for relief but that does not mean that Syria has dropped off the geo-politics radar,” said Vishnu Varathan of Mizuho Bank Ltd. in Singapore. After surging the day before, European markets were steady or slightly lower. Britain’s FTSE 100 closed down Tuesday 0.58 percent to 6,468.41, while Germany’s DAX fell 0.77 percent to 8,180.71. France’s CAC-40 shed 0.8 percent to 3,974.07.
Source: http://www.ajc.com/news/ap/financial-services/asia-stocks-mostly-higher-as-syria-fears-fade/nZkPG/

Stocks mostly higher as Syria strike fears fade

One of the main underlying factors is what could be US military action in Syria. As uncertainty grows, some investors have turned out of stocks to gold as a safe haven. (Read: Spot gold rises 1% after Israeli missile test ) Simultaneously, rising interest rates are viewed as a negative for stocks. Since May, bonds have been sold off as the market anticipates a tapering of the Federal Reserve Banks $85 billion per month bond buying program. Lower bond prices mean higher interest rates which, in turn, further discount stocks. However, the bond selloff was slightly abated earlier last week as some investors took to the safety of US Treasury bonds when a strike against Syria seemed imminent.
Source: http://finance.yahoo.com/blogs/talking-numbers/gold-stocks-gartman-makes-call-174448289.html

European Stocks Decline; Benchmark Stoxx 600 Index Falls

and a whole lot of other files on things that are being dusted down as bankers consider ‘let’s try and get this away now, now that the market seems to be feeling better,” RLAM’s Mitchell said. However, Neil Veitch, portfolio manager at SVM Asset Management and a Vodafone shareholder said fund firms would be unwise to rush into big spending sprees until the deal’s final details are confirmed as investors do not yet know exactly how much paper they will get. It is also not clear how many investors will be forced to sell their new U.S. stock quickly because they are limited to holding UK or European stocks.
Source: http://www.reuters.com/article/2013/09/03/vodafone-verizon-proceeds-idUSL6N0GZ3KS20130903

Bumper Vodafone sale to help UK stocks

Stocks may struggle to rally in September, said Randy Frederick, managing director of active trading and derivatives at the Schwab Center for Financial Research. The S&P 500 logged its worst month in over a year in August as investors fretted about when the Federal Reserve will cut stocks to buy its economic stimulus. The Fed’s September meeting is when many on Wall Street think the central bank will begin winding down its massive bond-buying program. Lawmakers in Washington may also throw investors a curve ball. To keep the government running, Congress needs to pass a short-term spending bill before the fiscal year starts Oct. 1.
Source: http://abcnews.go.com/Business/wireStory/stocks-gain-syria-attack-momentum-slows-20142540