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U.S. equities finished lower, as investors weighed mixed global economic data and positive domestic reports ahead of next week's Federal Reserve monetary policy meeting. Meanwhile, Treasuries traded higher despite the upbeat U.S. data, and after federal regulators voted in favor of the so-called Volker Rule, ushering in increased oversight on the banking industry. In earnings news, Texas Instruments narrowed its 4Q guidance, while PVH Corp and Toll Brothers both beat analysts' forecasts. In other news on the equity front, General Motors announced that Mary Barra will become the automaker's first female CEO. Gold and crude oil prices finished higher, while the U.S. dollar was lower. The Dow Jones Industrial Average (DJIA) fell 52 points (0.3%) to 15,973, the S&P 500 Index lost 6 points (0.3%) to 1,803, and the Nasdaq Composite declined 8 points (0.2%) to 4,060. In moderate volume, 625 million shares were traded on the NYSE, and 1.8 billion shares changed hands on the Nasdaq. WTI crude oil rose $1.17 to $98.51 per barrel, wholesale gasoline gained $0.01 to $2.68 per gallon, and the Bloomberg gold spot price increased $1.57 to $1,259.82 per ounce. Elsewhere, the Dollar Index—a comparison of the US dollar to six major world currencies—was 0.2% lower at 79.97. Texas Instruments Inc. (TXN $43) narrowed its expected ranges for 4Q revenue and earnings, projecting revenues between $2.92-3.04 billion, versus a prior range of $2.86-3.10 billion, while profits are forecasted to be between $0.44-0.48 per share, compared to its initial outlook of $0.42-0.50 per share. Analysts surveyed by Reuters had expected the analog chipmaker to post revenues of $3.0 billion and earnings of $0.46 per share. Shares were modestly lower. PVH Corp. (PVH $131) posted 3Q earnings ex-items of $2.30 per share, above the $2.24 that the Street had anticipated, with revenues increasing 38% year-over-year (y/y) to $2.3 billion, north of the $2.2 billion that analysts were … [Read More...]
Almost anyone can trade with Foreign Exchange. Information provided here will allow you to understand foreign exchange and begin planning a trading strategy. Learn about one currency pair, and start there. Trying to learn all there is to know about multiple currency pairs will mean that you will be spending your time studying instead of trading. Find a pair that you can agree with by studying their risk, reward, and interactions with one another; rather than devoting yourself to what another trader prefers. Always keep up on forecasts on currency pairs you plan to trade. Do not allow your emotions to affect your Forex trading. Do not let emotional feelings get a hold of you and ruin your train of thought. It can spell disaster for you. If your emotions guide your trading, you will end up taking too much risk and will eventually fail. Making quick and unsubstantiated moves to stop loss points, for example, can lead to a tragic outcome. You should stay with your plan and win! You should pick your positions based on your own research and insight. Forex traders make mistakes, but only talk about good things, not bad. Even a pro can be wrong with a trade. Rather than using other traders' actions to guide your own, follow your own cues and strategy. Limit the number of markets you trading in until you have a strong grasp of how Foreign Exchange trading works. This is likely to lead to confusion and frustration. Just maintain your focus on one or two major currency pairs. The EUR/USD is the most highly watched currency pair and has the lowest spread, making it ideal for newcomers and experienced market watchers alike. Trading successfully takes intuition and skill. Rely on your gut and any technical knowledge to help guide you as a trader to learn what to do. Determining the best stop loss depends on a proper balance between fact and feeling. Never waste your money on Forex products that promise you all the riches in the world. … [Read More...]
- Australia Employment to Increase for Third Month; Jobless Rate to Rise to 5.8% - Job Growth Missed Market Forecast for … [Read More...]
In its first step toward building a nationwide brand, Minneapolis-based Wealth Enhancement Group has struck a deal with … [Read More...]
The media have made much ballyhoo in recent days out of the Volcker Rule, which bars Wall Street banks and other … [Read More...]
By Amy Sawitta Lefevre and Aubrey Belford BANGKOK Wed Dec 11, 2013 3:47pm EST 1 of 2. A soldier walk past a … [Read More...]
By Emile Picy and Leila Abboud PARIS Wed Dec 11, 2013 3:45pm EST PARIS (Reuters) - France's Green Party … [Read More...]
By Joe McDonald EAST STROUDSBURG, Pennsylvania Wed Dec 11, 2013 3:25pm EST EAST STROUDSBURG, Pennsylvania … [Read More...]
(L-R) Union leaders Mark Johnson, Tom Wroblewski, Susan Palmer and Rich Michalski announce the results of a union vote … [Read More...]
Published December 11, 2013 FoxNews.com House Speaker John Boehner stepped into the ring with the conservative flank … [Read More...]
Published December 11, 2013 FoxNews.com Dec. 10, 2013: President Obama is shown taking a picture alongside Danish … [Read More...]