(SMI, MJS.V, AVOT, ZQK, ASG) Stocks Report by BestOtc.com
Semiconductor Manufacturing International Corp. (NYSE:SMI) announced that it has earned the "2010 Excellent Supplier Award" from its customer GalaxyCore Inc. GalaxyCore is a leading Chinese CMOS Image Sensor (CIS) design company whose shipments last year made up more than half of the entire China market.
Euro Continues to Climb; Dollar Soars Versus Yen as S&P Cuts Japan’s Debt Rating
The Euro continues to climb higher this morning, challenging the .618 retracement level of the 1.4282 to 1.2873 at 1.3744. There may be a technical bounce off this level, but this action will most likely represent profit-taking rather than a change in trend. Both technical and fundamental factors are supporting the rally at this time, so if a top is formed it will come as a surprise.
Dollar Crumbles as Obama Fails to Win Any Friends with State of Union Speech
The December E-mini S&P 500 is trading in a narrow range overnight after Irish debt worries dragged down the market on Tuesday. Traders seem to be waiting for news from Brussels where officials from the European Union, International Monetary Fund and European Central Bank are meeting to come up with a solution for the country’s continuing banking sector risks.
The AUD USD is trading in a tight range overnight. Volume has been light and the market is trading inside of Tuesday’s range. Unless this pair continues to break lower, a tight trading range usually suggests impending volatility which may mean the start of a short-covering rally.
Yesterday’s U.S. mid-term elections do not seem to have had too much of an influence on the value of the Dollar as traders have quickly shifted their focus to today’s Federal Reserve monetary policy meeting.
There is no question the Federal Open Market Committee is poised to implement a new quantitative easing program. The questions over the past two weeks have been how, and how much?
Treasury Bonds Higher; Stocks Mixed as Economy Sputters Along
U.S. Dollar Falters as Fed Credibility Called into Question
One day after a Wall Street Journal article said the Federal Reserve would be less aggressive in the quantitative easing arena than previously anticipated, a story is circulating that the Fed had sent out a survey asking primary Treasury dealers of their expectations of the size and impact of further asset purchases.