Australian Dollar Strengthens After Upbeat Jobs Data

Posted on by The INO.com Team

(RTTNews) - During the early Asian session on Thursday, the Australian dollar climbed against its key counterparts after the release of the nation's strong jobs data.

Australia's employment increased unexpectedly in April, the latest figures from the Australian Bureau of Statistics showed today.

The number of employed persons rose by 15,500 to 11.5 million in April after adjusting to seasonal variations. Meanwhile, the number of unemployed persons fell by 28,800 to 598,200. Continue reading "Australian Dollar Strengthens After Upbeat Jobs Data" →

Stocks Close Mostly Lower After Failed Recovery Attempt

Posted on by The INO.com Team

(RTTNews) - Stocks staged a notable recovery attempt after falling sharply in early trading on Wednesday but once again ended the day mostly lower. As was the case in the previous session, uncertainty about the political situation in Europe weighed on the markets.

The major averages ended the day firmly in negative territory, although well off their worst levels of the day. The Dow dropped 97.03 points or 0.8 percent to 12,835.06, the Nasdaq fell 11.56 points or 0.4 percent to 2,934.71, and the S&P 500 slid 9.14 points or 0.7 percent to 1,354.58. Continue reading "Stocks Close Mostly Lower After Failed Recovery Attempt" →

Daily Video Update: US stocks chase European indexes lower

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 9th of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

3 Stocks on the move: DIS (Walt Disney) XL (XL Group) DF (Dean Foods)

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Video Update: US stocks chase European indexes lower" →

Are Women Better Traders than Men?

Posted on by The INO.com Team

By: Chris Irvin, Veteran Instructor & Trader at The Wizard

The answer may be yes.  How do I know? My wife told me… that’s how.  Actually there is some scientific evidence that may back up this idea.  Now keep in mind that I am about to explain something that is way above my pay grade, but I will do my best.  The brain, in both men and women, is divided up in hemispheres typically known as the left brain and the right brain.  The left brain is the side responsible for logical, sequential and rational thought.  The right brain deals with random, intuitive and creative processes.  There is no difference between the sexes in this regard.  The difference between men and women comes in the link between the two sides.  It is called the Corpus Collosum.   The Corpus Collosum is a thick band of nerves that connects the left and right brain. According to a number of studies, including one by L.S. Allen, MF Richey, YM Chai and RA Gorski, which was published in the December 14th 2011 issue of the Journal of Neurosciences, there are differences in this connection between the sexes.  The study was called “Sex differences in the corpus callosum of the living human being.”  The researchers concluded this: Continue reading "Are Women Better Traders than Men?" →

WoW! Gold's Wall of Worry

Posted on by The INO.com Team

By Gary Tanashian

May 8, 2012

Excerpted from this week's newsletter, NFTRH186:

Gold is grinding out a wall of worry that began construction out of a natural unwinding of the momentum that came in during the acute phase of the Euro crisis. More bricks were added weekly by various luminaries calling bearish; the most recent being Buffett’s right hand man, Charlie Munger: “Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939 but civilized people don’t buy gold – they invest in productive businesses.”

The Munger quote was forwarded by a subscriber as was another piece by an analyst extrapolating George Lindsay’s work to forecast a coming “Thelma & Louise moment” (as in cliff dive) for gold. Add to the list an analyst calling ‘buy’ on US stocks and ‘sell’ on gold (after the Au-SPX ratio has made a long consolidation to support) and the first few minutes of this BNN interview with respected geologist Brent Cook http://watch.bnn.ca/ - clip671131 (“we’re going to see some real destruction across the board in the junior sector”) and we can see the makings of some nasty sentiment that is
opposite the over bullish condition we noted was so dangerous last summer. Continue reading "WoW! Gold's Wall of Worry" →