And I have them for you. Drug stocks that is. Three pharmaceutical companies ARIAD Pharmacueticals, $ARIA, Jazz Pharmaceuticals, $JAZZ and Questcor Pharmaceuticals, $QCOR, are ready to break out and move higher. Let’s take a look.
ARIAD Pharmacueticals, $ARIA
ARIAD Pharmacueticals, $ARIA, plunged over 45% from July into August. But since then it has tested resistance at 10.153 times, each from…
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Dollar Rallies Sharply as the Risk Drift Stalls, Euro Tumbles
Euro Has Lost its Interest Rate Prop, Outlook Gloomy
British Pound: Sometimes it Pays to be Quiet and Mysterious
Canadian Dollar Ready for Volatile Reaction to Jobs Data
Australian Stumbles after Employment Data, Opportunities on Some Crosses
Swiss Franc Doesn’t Appreciate after Euro Exits the Rate Game
Gold: Another Aggressive …
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The Bank Negara Malaysia held its Overnight Policy Rate (OPR) unchanged at 3.00%, and held the floor and ceiling rates of the corridor for the OPR at 2.75 percent and 3.25 percent respectively. The Bank said: “In the MPC’s assessment, while inflation remains a concern, the increased uncertainties on the global and domestic economic growth prospects and their potential consequences could have a…
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The Bangko Sentral ng Pilipinas held its overnight borrowing rate unchanged at 4.50% and the overnight lending rate at 6.50%, and kept reserve requirements unchanged at 21%. The Bank said: “The Monetary Board is of the view that the risks to the inflation outlook may be receding as global inflationary pressures are expected to ease with the slowdown in the recovery of…
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The National Bank of Serbia cut its 2-week repo rate by 50 basis points to 11.25% from 11.75% previously as global financial market and economic conditions created uncertainty. The Bank said: ”The decision on further relaxation of monetary policy was adopted to ensure that inflation returns to the target, without major volatility. The Executive Board expects that inflation will continue to decline until…
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Indonesia’s central bank, Bank Indonesia, kept the BI reference rate on hold again at 6.75%. The Bank also widened the interest rate corridor band for monetary operations to 150 basis points below the BI rate from 100bps previously. The Bank said:”The decision was taken by considering the importance of maintaining macroeconomic stability amid the heighten uncertainty in the global financial system…
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| Index | Last | High | Low | Daily Change (%) | Daily Range (% of ATR) |
| DJ-FXCM Dollar Index | 9585.58 | 9608.18 | 9561.07 | 0.17 | 64.44% |
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.17% higher from the open after moving 64% of its average true range, and the reserve currency may continue to consolidate over the remainder of the week …
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Euro: ECB Holds Rate At 1.50%, Softens Hawkish Rhetoric
British Pound: BoE Maintains Current Policy, All Eyes On Policy Meeting Minutes
U.S. Dollar: Mixed Across The Board, Fed Chairman Bernanke On Tap
Euro: ECB Holds Rate At 1.50%, Softens Hawkish Rhetoric
After holding the benchmark interest rate at 1.50%, the European Central Bank continued to soften its hawkish …
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The financial sector is a complete mess. But there are still ways to trade financial stocks without risking a bankroll. A pairs trade can often make a lot of sense. One pair I follow in the financial sector is the CBOE Holdings, $CBOE, against the IntercontinentalExchange, $ICE. The ratio chart of these two exchanges is below and shows a rising…
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Crude Oil to Follow S&P 500 as Markets Look to Bernanke Speech
Gold, Silver Gain on Hopes Fed Chairman Will Hint at QE3 Ahead
WTI Crude Oil (NY Close): $89.34 // +3.32 // +3.86%
Crude prices rebounded with the S&P 500 as expected yesterday after the Federal Reserve’s Charles Evans and John Williams delivered acutely dovish remarks while …
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