Forex Reserves Fall Slightly To $295.50 Bn As On December 20: Rbi

This slap doesnt get you to reduce the size of your position, but just put a deeper stop loss. Another loss makes you want revenge. Dealing with losses is something youre not familiar with. You know the end the account is wiped out. Im sure that some of you have experienced a similar scenario. Analyze a winning trade: Many traders analyze their losing trades and take the lesson for the next trade.
Source: <a http://www.etftradingsignals.com href=’http://www.fxstreet.com/education/forex-basics/5-tips-for-avoiding-forex-euphoria/2013/12/27/&#8217; >http://www.fxstreet.com/education/forex-basics/5-tips-for-avoiding-forex-euphoria/2013/12/27/

Forex: US Dollar Technical Analysis – Slipping to One-Week Low

ET SPECIAL: Save precious time tracking your investments MUMBAI: Foreign exchange reserves declined for the second consecutive week to $295.50 billion, down $12.6 million, in the week ended December 20, the Reserve Bank said today. After five weeks of gains, courtesy special swap window opened by RBI, the reserves had declined 192.8 million to $295.51 billion in the previous reporting week. Foreign currency assets (FCAs), which form a major part of the overall reserves, decreased by $94.7 million to $268.469 billion for the week under review, it said. FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in reserves. During the week, the gold reserves were unchanged at $20.603 billion, the apex bank said.
Source: http://economictimes.indiatimes.com/news/economy/finance/forex-reserves-fall-slightly-to-295-50-bn-as-on-december-20-rbi/articleshow/28012932.cms

5 Tips for Avoiding Forex Euphoria

Try the USD basket on Mirror Trader ** Daily Chart – Created Using FXCM Marketscope 2.0 ** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product. — Written by Ilya Spivak, Currency Strategist for DailyFX.com Contact and follow Ilya on Twitter: @IlyaSpivak For live market updates, visit the Real Time News Feed DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM . Currency
Source: http://finance.yahoo.com/news/forex-us-dollar-technical-analysis-130000678.html

Forex Trading Weekly Forecast: Top Fundamental Themes to Start 2014

To this end, in order to support the growing local interest in the forex market, the firm has announced the commencement of free training course in professional forex trading. The programme would run between January 24 and 25 in Rivers State . A statement from the firm said: ” Forex is an exciting and dynamic asset class to trade and it is important that any investors looking to trade take the time to educate themselves and truly understand how the market works before making any financial commitments. “This stimulating, free, two day course will provide individuals with an understanding of how to trade in the Forex market, as well as key skills and systems for forecasting currency movements. ” The statement quoted the Chief Executive Officer, ForexTime, Olga Rybalkina as saying: ” Forex is one of the most volatile and exciting markets to trade with many opportunities for smart investors to benefit.
Source: http://www.hispanicbusiness.com/2013/12/26/firm_unveils_forex_trading_scheme.htm

Firm Unveils Forex Trading Scheme

Learn forex trading with a free practice account and trading charts from FXCM . Currency Retire by the beach in Americas new Sun Belt for $1,000 per month For retirees, the average monthly Social Security check is about $1,228. That might pay the rent for one room in a shared house in San Francisco; it could also get you less than half way to the average monthly rent bill for an apartment in New York City. Or, it could foot the entire bill for your Daily Ticker Stock futures point to flat open, but strong weekly gains Stock futures were flat on Friday, with investors reluctant to make big bets after a rally that took major indexes repeatedly to all-time highs.
Source: http://finance.yahoo.com/news/forex-trading-weekly-forecast-top-002200278.html

5 Stocks With Triple-digit P/es That This Value Investor Would Consider Buying

Stocks enter holiday season with a tailwind

Qiagen (NASDAQ: QGEN ) — current P/E: 118 Last, but certainly not least, is sample and assay technologies provider Qiagen. It’s not hard to understand why Qiagen’s bottom line has been under pressure, as austerity measures in Europe and tighter government spending in the U.S. have crunched university and corporate budgets that help pay for Qiagen’s diagnostic tests. However, Qiagen also could be at the leading edge of what I suspect is a revolutionary new approach to cancer treatment — namely, diagnostic personalization.
Source: http://www.fool.com/investing/general/2013/11/24/5-stocks-with-triple-digit-pes-that-this-value-inv.aspx

World Stocks up as Dow Heads for Record Close

VIDEO: Young Fan Challenges NBA Usher to Dance-Off

In Europe, France’s CAC 40 rose 0.6 percent to close at 4,278.53 while Germany’s DAX gained 0.3 percent to 9,219.04. Britain’s FTSE 100 edged down 0.1 percent to 6,674.30. On Wall Street, with the S&P 500 rose 0.3 percent and the Dow 0.1 percent, putting it on track to close at a record high above 16,000 for the second day running. Since the start of the year, the Dow blue chip index is up 22 percent, propelled higher by a combination of solid corporate earnings, a steadily strengthening economy and the Fed’s monetary policy.
Source: http://abcnews.go.com/International/wireStory/world-stocks-pushed-higher-dow-high-20976278

“The volatility will come from growth scares,” said Kleintop, explaining that as the Fed tapers, investors will worry that the economy may not be strong enough to withstand it. As for this year, he expects the market to continue moving higher, adding to the already 26 percent gain in the S&P 500 year to date. “I think we’ve got a few more percent to go. I don’t think it’s huge but I think we could get closer to 30 percent on the year,” said Kleintop. “It may be with some ups and downs, but by and large, it’s going to be a very low volatility climb to new highs.” Kleintop expects to see retail sales come in above forecast for the holiday season.
Source: <a href='http://www.cnbc.com/id/101221944&#039; (source) >http://www.cnbc.com/id/101221944

As demand eases, US gold stocks rise to 7-month high

He inherited an economy in recession and an inflation rate that was 40 percent last month. The rial appreciated 2.3 percent since yesterday to 29,300 a dollar this afternoon in Tehran compared with about 30,000 yesterday, according to prices provided by five street traders in the Iranian currency black market. The currency lost more than half its value in the year before Rouhanis election in June, due in part to sanctions denying Iran access to the world financial system. The two sides now aim to conclude a comprehensive accord within six months.
Source: http://www.bloomberg.com/news/2013-11-24/israel-stocks-extend-rally-as-traders-weigh-iran-accord-rates.html

Israel Stocks Extend Rally as Traders Weigh Iran; Saudi Gains

“Eligible” gold stocks are the exchange-approved 100-ounce gold bars held inside the five New York Comex warehouses and can be readily converted into “registered” stocks – the gold used to meet physical delivery requests from the buyers of CME gold futures. While eligible gold stocks swelled to 6.6 million ounces after hitting a near 4-year low of 5.8 million in April, registered stocks have continued to shrink since April to less than 600,000 ounces, the smallest since April 1998, exchange data showed. After a two-day $225 drop in mid-April, huge premiums in China and India for physical gold prompted participants to draw on their gold stocks to ship bullion into Asia for a much higher price compared to other parts of the world. “We can certainly see that the trend has deteriorated in terms of the flow of metals going from the West to the East,” said Suki Cooper, precious metals analyst at Barclays Capital in New York.
Source: http://www.reuters.com/article/2013/11/22/gold-comex-stocks-idUSL2N0J71JI20131122?feedType=RSS

Kingsford Capital Management Puts ‘stock Market Bad Behavior’ On Holiday Quilt

“Looking forward, given the serious problems facing the world, its leaders and its citizens, things look bright for Kingsford,” the firm wrote in 2011. The background of Kingsford’s actual co-founder may help explain its unusual holiday greetings. Mike Wilkins, 54 years old, received an M.B.A. degree at Stanford in 1985 and then promptly produced a significant American work of conceptual home art called “Preamble,” a 64-square-foot piece prominently displayed near the entrance to the Smithsonian American Art Museum in Washington. Spelling out the “We the people” opening to the U.S. Constitution using vanity automobile license plates from all 50 states, the artwork foreshadowed what firm insiders and friends say is Mr. Wilkins’s focus on detail and fascination with American politics and economics. Fittingly, the piece is also one of the museum’s biggest moneymakers, adorning souvenir ties, mouse pads and T-shirts.
Full story: http://online.wsj.com/news/articles/SB10001424052702303290904579276251552485132

Will Investors ‘like’ These Etfs As Facebook Inc (fb) Joins Sp 500?

The ongoing boom in the Internet space and the skyrocketing prices of social media stocks has been an added advantage for Facebooks addition. Facebook will make its entry into the S&P 500 in less than two years of its IPO, which is almost the same period when Google ( GOOG ) joined the benchmark. However, Facebook edged past most of the big tech names like Amazon ( AMZN ), eBay ( EBAY ) and Yahoo ( YHOO ) that took over three years to join the S&P 500. Thus, we see this as a clear victory for Facebook, which was struggling with technical glitches and plunging stock prices following its 2012 IPO.
Source: http://www.valuewalk.com/2013/12/will-investors-like-etfs-facebook-inc-fb-joins-sp-500/

ETF of the Day: Hedging Rising Interest Rates (HYHG, TLT)

The idea was inspired by a paper written by Gary Antonacci and available on Optimal Momentum . The spreadsheet is available on Scotts Investments here . The objective of the spreadsheet is to track four pairs of ETFs and provide an Invested signal for the ETF in each pair with the highest relative momentum. Relative momentum is gauged by the 12 month total returns of each ETF.
Source: http://seekingalpha.com/article/1894591-dual-etf-momentum-portfolio-december-update

ETF Investing: Most Successful Launches Of 2013

The palladium futures market is small relative to other commodities such as gold, with outstanding contracts worth $2.7 billion. For that reason, a single ETF can have a big impact on prices. Furthermore, historically South African investors have been comfortable with a big exposure to mining, which accounts for 18% of the country’s gross domestic product. Analysts say Absa’s ETF has the potential to quickly make a splash in a country that produces 37% of the world’s palladium, because domestic investors are already familiar with the metal and its key role in industrial processes such as oil refining. Another reason many investors are bullish on palladium is a murky supply outlook.
Source: http://online.wsj.com/news/articles/SB10001424052702304202204579252593613942948

Noteworthy ETF Inflows: CWB

Treasury futures. The built-in interest rate hedge is created with the short position that will increase in value if interest rates rise and Treasury prices fall in value. Since its inception on May 21, 2013, the ETF has gained 2.3 percent including the dividends that vary from month to month. During the same time frame, TLT has lost 10.2 percent, including dividends.
Source: http://money.cnn.com/news/newsfeeds/benzinga/articles/markets_bonds_13_12_4144914_etf_of_the_day_hedging_rising_interest_rates_hyhg_tlt.html

ETF Deathwatch membership rolls increased by only one for December, although additional activity took place under the surface.

Twelve new names joined the list, while six escaped due to improved health and five others were removed as a result of their closures. The current count stands at 319, consisting of 211 ETFs and 108 ETNs. The average age of products on Deathwatch increased to 40.5 months from 39.5 in November. Average asset size increased from $6.4 million to $6.7 million, and 53 of them have less than $2 million in assets. Eleven products had zero volume throughout the month of November, and iPath Short Enhanced MSCI Emerging Markets (EMSA) has now gone thirteen months without a trade, continuing its reign as the poster child of Zombie ETPs. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.
Source: http://wallstreetsectorselector.com/2013/12/etf-deathwatch-december-2013-count-319/

ETF Providers Could Snub United Kingdom’s Overture

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR Barclays Convertible Securities ETF ( CWB ) where we have detected an approximate $32.0 million dollar inflow — that’s a 1.7% increase week over week in outstanding units (from 41,300,000 to 42,000,000). Click here to find out which 9 other ETFs had notable inflows The chart below shows the one year price performance of CWB, versus its 200 day moving average: Looking at the chart above, CWB’s low point in its 52 week range is $39.80 per share, with $46.85 as the 52 week high point that compares with a last trade of $45.90. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
Source: http://www.thestreet.com/story/12153382/1/noteworthy-etf-inflows-cwb.html

Dual ETF Momentum Portfolio – December Update

domiciled ETF providers as of April. [ United Kingdom Courts ETF Providers ] Osbourne argued that making units in ETFs exempt from the stamp duty would encourage funds to domicile in the U.K., reports Jon Yarker for MoneyMarketing . This announcement is a further important step in a series of significant changes made by the Government over recent months to make the UK a more attractive location for investment funds to be based, Julie Patterson, Investment Management Association director of regulatory affairs for investment funds and retail, said in the article. This is a positive development for investors and effectively creates a level playing field for local and foreign ETF domiciles. Axel Lomholt, Vanguard head of product, added in the article. http://www.etftradingsignals.com Some market observers are skeptical about the effectiveness of this move to attract fund providers, pointing out that the costs outweigh the benefits.
Source: http://www.etftrends.com/2013/12/etf-providers-could-snub-united-kingdoms-overture/

ETF Brightens Palladium’s Shine

But these exchange traded notes weren’t created for individual investors, and Barclays doesn’t even provide information about them on its website. They were custom-made at the request of institutional clients. Apparently, the FI stands for deep-pocketed customer Fisher Investments, which owns $1.3 billion of FIGY and $961 million of FEEU, according to Nasdaq. Only 15 other institutional investors have stakes in them. FIGY and FEEU offer double-leveraged exposure to their underlying indexes. FIGY tracks the MSCI World High Dividend Yield USD Gross Total Return Index while FEEU tracks 50 Europe large-cap companies picked from the Stoxx Europe 600 Index.
Source: http://news.investors.com/investing-etfs/121113-682561-most-successful-etf-launches-of-2013.htm

40% Student Loans Default Expected

So far, 92 cases had been identified as ineligible, Mr Laverty said, and efforts would be made to claw the money back. Mr Laverty said: “We have currently suspended all payments to what we call A2 applicants, that’s students who are applicants from Romania and Bulgaria at what is termed alternative providers. “That applies to around 7,500 students. “We did that specifically because we were picking up in our analytic work at the Student Loan Company quite high instances of those applications or those applicants at alternative providers. “When we did some sample testing, we weren’t satisfied that all of them were passing the residency requirements so, website working with our partners in Bis, we suspended payments.
Source: http://money.uk.msn.com/news/40percent-student-loans-default-expected

Private student loans no better than using a credit card for college

In large part, private student borrowers fell prey to a range of unsavory marketing tactics. Some lenders deliberately misled borrowers into believing that their private student loan products were superior to federal loans. These kinds of financial abuses are among the reasons why the Center for Responsible Lending and other consumer and civil rights allies pushed for and won historic reforms with enactment of the DoddFrank Wall Street Reform Act When lenders of varying financial products and servicers operated with scantif anyfinancial regulation, untold abuses occurred. Now with the CFPB at work investigating complaints, it is important for consumers to share what is wrong or what is not working in the marketplace. The CFPBs Student Loan Ombudsman is a statutory office created within the bureau to assist consumers in resolving private student loan problems. Through this effort, the CFPB assisted hundreds of borrowers to obtain relief from their lenders.
Source: http://www.frostillustrated.com/2013/private-student-loans-no-better-than-using-a-credit-card-for-college/

Student Loans… But Only for Some

As a lender, I have no quarrel with credit underwriting methodologies that take into account, among other things, a given borrowers long-term repayment ability. But in this case, its also important to think as a taxpayer with a social conscience. In particular, I worry about adverse selection: how academically average students attending middle-of-the-road private and public institutions will have little choice but to finance their equally expensive educations with government-guaranteed loansthe same loans that may very well burden taxpayers when the borrowers are unable to find jobs that pay enough . This approach is also yet another example of a culture of disproportionality that promises to widen an already extensive gulf that exists between economic haves and have-nots. Look, there will always be demand for concierge-level education just as there is for exclusive housing, travel and healthcare.
Source: http://finance.yahoo.com/news/student-loans-only-123053293.html

Guess which students have the highest college loan debt

About 41 percent of the 4,400 students in the study left school with some level of debt. But debt burdens did not decrease steadily as students’ family income rose. The study’s author, Jason Houle, an assistant professor of sociology at Dartmouth, found that students from families earning $40,000 to $59,000 are incurring about $11,000 more in student loan debt than students from families earning less than $40,000. The lower-middle-income students also incurred more debt than students from families earning between $60,000 and $99,000. Affluent students’ debt burdens were significantly lower than those of any of the middle-class kids.
Source: http://www.cnbc.com/id/101262383

Education Department Finds Numerous Problems At Sallie Mae, Levies No Fines

Lattimer, who works as a mentor at a nonprofit Christian educational organization in Bloomington, Ind., hopes to pay off his student loans within about four years. Of his net $2,000 in monthly income, he has recently started paying $630 per month toward his $30,000 in loans. The interest rates on his loans range from 3.4% to 6.5%. The loans have taken a huge toll on his lifestyle, he says. He keeps dining out to a minimum, rents a small apartment with a roommate and plans to stay on his parents health insurance until he ages out at 26, he says. Another way Mr.
Source: http://blogs.wsj.com/economics/2013/12/11/tips-for-repaying-student-loans/

Tips for Repaying Student Loans

The Education Department told Warren that it has fined 11 companies that participate in the Federal Family Education Loan program, the bank-based lending initiative that Congress and the Obama administration ended in 2010, and collected $747,500 in penalties. Sallie Mae is not among them. In fact, the Education Department has not publicly reprimanded Sallie Mae for any of the alleged failings it has documented in its roughly two dozen reviews of the company over the past 10 years. Contrast what Sallie Mae has been able to get away with versus how the department treats borrowers, Loonin said. Its outrageous. The department has faced criticism for its aggressive pursuit of defaulted debt from struggling borrowers, and its deficient efforts in enrolling distressed borrowers into easier repayment plans.
Source: http://www.huffingtonpost.com/2013/12/11/education-sallie-mae_n_4428048.html