Update Daily Investment News

Daily Forex Technicals | Written by FXtechtrade
EUR/USD
Today's support: - 1.3618 and 1.3568(main), where correction is possible. Break would give 1.3547, where correction also may be. Then follows 1.3524. Break of the latter would result in 1.3486. If a strong impulse, we would see 1.3465. Continuation will give 1.3437 and 1.3410. Today's resistance: - 1.3778, 1.3805, 1.3837 and 1.3863(main). Break would give 1.3880, where a correction is possible. Then goes 1.3921. Break of the latter would result in 1.3957. If a strong impulse, we'd see 1.3976. Continuation will give 1.3998.
USD/JPY
Today's support: - 89.10 and 88.54(main). Break would bring 88.22, where correction is possible. Then 87.94, where a correction may also happen. Break of the latter will give 87.60. If a strong impulse, we would see 87.36. Continuation would give 87.18. Today's resistance: - 90.34, 90.68, 91.18 and 91.34(main), where a correction may happen. Break would bring 91.78, where also a correction may be. Then 92.11. If a strong impulse, we would see 92.38. Continuation will give 92.66.
DOW JONES INDEX
Today's support: - 9977.00(main), where a delay and correction may happen. Break of the latter will give 9946.12, where correction also can be. Then follows 9923.54. Be there a strong impulse, we would see 9906.63. Continuation will bring 9892.30 and 9866.25.Today's resistance: - 10127.80(main), where a delay and correction may happen. Break would bring 10145.40, where a correction may happen. Then follows 10172.60, where a delay and correction could also be. Be there a strong impulse, we'd see 10203.72. Continuation would bring 10245.62 and 10271.30.

Dow 10,000, Fast Money's Correction Survival Guide
By: Lee Brodie Producer
Investors are bracing for a bumpy ride, after the Dow [.DJIA Loading... () ] briefly fell below the psychologically important 10,000 mark on Thursday before bouncing modestly at the close.But that bounce was little consequence for bulls. By the end of trading, stocks had suffered their worst losses in more than nine months after concerns about the debt of Greece and some other nations in Europe triggered widespread selling.

http://www.cnbc.com/id/35238103

Halftime Report: Is Market About To Bounce?
By: Lee Brodie Producer
Halftime Report
The Dow [.DJIA Loading... () ] tumbled by triple digits on Thursday, as investors ran for the exits again, this time spooked by new data which showed Americans claiming jobless benefits rose unexpectedly.That combined with renewed fears of sovereign debt problems in Europe led investors to dump riskier assets.

http://www.cnbc.com/id/35238118

G7: Euro Zone Calls on US, China to Rebalance Global Growth
By: Reuters
The United States and China will have to lead a rebalancing of global growth as the world economy slowly emerges from a downturn, the euro zone will tell G7 financial leaders this weekend according to a document prepared for the meeting.

http://www.cnbc.com/id/35241706

Stick with Equities—They'll Pay Off: Strategists
By: JeeYeon Park CNBC News Associate
Markets opened lower on Thursday after a surprise jump in jobless claims, a disappointing signal ahead of Friday's jobs report. How is unemployment affecting the markets? Kelly Campbell, founder, principal and chief executive of Campbell Wealth Management and David Kelly, chief market strategist at JPMorgan Funds, shared their insights.

http://www.cnbc.com/id/35235311

Goldman Sachs Drop Imperils S&P 500 Advance: Technical Analysis
(Bloomberg) -- Goldman Sachs Group Inc.’s decline below its average price in the last 200 days and the stock’s failure to rally to new highs since October are stoking bearishness among technical analysts.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJjRxk56eNQU

Euro Risks ‘Leg Lower’ to $1.3405: Technical Analysis
(Bloomberg) -- The euro risks tumbling to $1.3405 should it close tomorrow below a weekly moving average, Commerzbank AG said, citing trading patterns. Euro-dollar is “sitting” on its 200-week moving average, said Karen Jones, head of fixed-income, commodity and currency technical analysis in London. The level is currently at $1.3859, according to prices on Bloomberg. A weekly close below this would be “extremely negative,” Jones said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6Aq1UBBe9m4

Emerging Equity Funds Post Most Outflows in 24 Weeks
(Bloomberg) -- Emerging market equity funds lost $1.6 billion in weekly withdrawals, the biggest outflows in 24 weeks, as earnings and Greece’s debt woes raised concerns that the global recovery may falter, EPFR Global said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aY82gx7YkQzI

G-7 Splits Hurt Investor Confidence as Ministers Seek Exit Plan
(Bloomberg) -- Group of Seven finance ministers and central bankers meet on the edge of the map today, with their policies all over it. As they gather 195 miles south of the Arctic Circle in Iqaluit, Canada, officials are seeking more unity on bank regulation after unilateral steps by the U.K. and U.S. The end of collaboration, forged during the financial crisis, may soon spread to monetary and fiscal policies as economies exit their recessions at different speeds.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azfXSvJcIs1E

Indonesia Company Bond Sales in Record Start to Fund Expansion
(Bloomberg) -- PT Perusahaan Listrik Negara and PT Pertamina lead Indonesian infrastructure companies selling bonds to fund expansion in the busiest start to a year in more than a decade as the country doubles spending on roads, power and ports. Corporate bond sales denominated in rupiah or dollars jumped to $868 million this year from $236 million in the same period of 2009, making it the biggest start since at least 1999, according to data compiled by Bloomberg. Utility Listrik Negara sold 2.7 trillion rupiah ($290 million) of bonds as it seeks to raise $7.6 billion through 2014 to expand power supply, while state oil company Pertamina said yesterday that it hired banks to help it raise as much as $1.5 billion.

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

Aussie Dollar May Drop to 82 Cents on Slow Rate Gains, RBC Says
(Bloomberg) -- The Australian dollar may extend this week’s declines and drop to 82 U.S. cents by mid-year on prospects the central bank will raise interest rates at a slower pace than traders had anticipated, RBC Capital Markets said. Australia’s dollar may also fall as China extends efforts to curb economic growth and investors betting on gains in the Aussie exit their positions amid falling stocks and commodities, Sue Trinh, a senior currency strategist at RBC Capital Markets in Hong Kong, said today in a telephone interview. The so-called Aussie is the worst performer this week against the dollar and yen among its 16 most traded counterparts this week after the central bank unexpectedly kept rates unchanged on Feb. 2.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aj6qX9b13ddg

Citigroup Says Banks, Tech Stocks to Lead Kospi Rally
(Bloomberg) -- South Korean stocks may rise 22 percent this year, driven by banks and technology companies as they lead “strong” earnings growth in the country, according to Citigroup Inc.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCnrHQczN9wY

Credit Suisse Raises Iron Ore Target to 50% Increase
(Bloomberg) -- Credit Suisse Group AG raised its price targets for iron ore and other bulk commodities for the next Japanese fiscal year, citing rising global steel output and increasing production costs in China. Credit Suisse expects the iron ore contract price to increase 50 percent to $86 a metric ton, after earlier forecasting a 20 percent gain. It increased its coking coal call by 19 percent to $190 a ton, and thermal coal by 13 percent to $90 a ton. Xstrata Plc, Anglo American Plc and Eurasian Natural Resources Corp. are among the bank’s top stock picks.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aL3qxtrYbuD4

Don't even think about rate rises until fourth quarter
(Reuters) - The Bank of England may have no secret deal with the Conservative Party to keep monetary policy loose, but interest rates look set to stay low for longer than many expect whoever wins the next election. With an election expected on May 6, the favourite-to-win Conservatives have pledged to work hand-in-hand with the Bank of England to keep interest rates down. The BoE had no comment and party officials explained all they meant was that monetary and fiscal policy should work together.

http://uk.reuters.com/article/idUKLNE61203720100203