Update Daily Investment News

SocGen's Best Plays for 2010
By: CNBC.com
French banking giant Societe Generale has told clients how to play 2010, with an emphasis on investors avoiding sidelines and taking on risk for their portfolios.
Alain Bokobza, who heads up the strategy team in Paris, highlighted the following trading ideas for making money this year. Be a commodity bull. “Rising inflation fears, growth in emerging countries and US job creation should trigger inflows.”Stay in equities. “Double-digit earnings growth and a normalizing risk premium should support equities.”Anything but cash. “Abnormally low expected return as fears of a double-dip scenario will delay rate hikes.”

http://www.cnbc.com/id/34763486

Dollar's Rally Has Room to Run: Charts
By: CNBC.com
The dollar has turned a corner against the yen, Robin Griffiths, technical strategist at Cazenove Capital, said Monday."The rally in the dollar has got further to go," Griffiths said, adding that the yen's upward trend looks to be over as Japan's new finance minister appears to have a different agenda from the previous minister's."All markets are going to go a little higher for a little longer. But the place where markets are going to make new highs has always been in the emerging market space," Griffiths told CNBC.Emerging markets are "dramatically more volatile than our Western markets" and that is likely to persist, he noted."The shorter-term swings are brutal," Griffiths added.

http://www.cnbc.com/id/34801673

Euro May Keep Rising, Commerzbank Says: Technical Analysis
(Bloomberg) -- The euro may rise against the dollar, extending the rebound from its 200-day moving average, Commerzbank AG said, citing technical indicators. The euro is “correcting higher” from its 200-day moving average at $1.4259, which it reached on Jan. 8, Karen Jones, head of fixed-income, commodity and currency technical analysis in London, wrote in a research report today.“We look for further short-term gains,” Jones said in a telephone interview. “This is a short-term rebound in the euro, and the strength is viewed as corrective.”Should the single European currency continue to advance against the dollar, it will encounter so-called resistance at $1.4570, a Fibonacci retracement level, and then a second hurdle at $1.4680 before meeting its 55-day moving average at $1.4698, Jones said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZWarYA9yQ3c

China Stocks Set for ‘Imminent’ Turnaround: Technical Analysis
(Bloomberg) -- China’s Shanghai Composite Index is poised for an “imminent” rebound as the measure held above a so-called support level, according to DMG & Partners Securities. The index fell to as low as 3,149.02 points in intraday trading on Jan. 8 before rebounding to close at 3,196. The measure dropped 2.5 percent last week, on concern government steps to curb lending growth and property speculation will slow expansion in the world’s third-largest economy.“Given that this 3,148 support barrier has not been broken below, we still opine that the trend of the index remains positive,” James Lim, Singapore-based analyst at DMG & Partners, wrote in a report. “Investors should thus capitalize on this possible turnaround expected in the present week.”

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0lXtXxnKKKA