Update Daily Investment News

Charts: Dow Could 'Easily' Fall Toward 9,679
By: CNBC.com
The Dow Jones Industrial Average fell below a key support level and looks set to push lower toward 9,679 points in the short term, Royce Tostrams, technical analyst from Tostrams Groep, told CNBC Monday.After falling 2 percent in January, the Dow has fallen below the lows of December and January, which has triggered more selling pressure for the short term, Tostrams said.

http://www.cnbc.com/id/35178333

How to Play Gold & Base Metals: Strategist
By: JeeYeon Park CNBC News Associate
Gold prices rose the most in four weeks on speculation that the rally in the dollar might be about to stall. Is it a good time to start looking into the precious metal? Ben Fulton, managing director at Invesco PowerShares, shared his insights.

http://www.cnbc.com/id/35185375

Euro to Drop to 8-Month Low in ‘Correction’: Technical Analysis
(Bloomberg) -- The euro may face a “correction” that will drive the currency to its lowest level since May after closing below support at $1.3981, Citigroup Inc. said. Europe’s common currency closed at $1.3863 on Jan. 29, below its 55-week moving average and close to the 200-week moving average of $1.3859. The European currency “typically corrects” by 10 percent before resuming gains, the bank said, citing losses in 1994 and 2004 that preceded U.S. interest-rate increases. The euro lost as much as 9 percent between Feb. 18, 2004, and April 26, 2004. The Federal Reserve in June 2004 raised benchmark borrowing costs for the first time since 2000.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoToH3jiZXE4

JPMorgan Cuts MSCI China Forecast on Tightening Risk
(Bloomberg) -- Chinese stocks may fall further before reaching a “bottom” in April or May as money supply growth slows and policy risks increase, JPMorgan Chase & Co. said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajwVW_Rf2Krw