Update Daily Investment News

Indonesia Shows Greece There’s Life After Austerity in BRIC Bid
(Bloomberg) -- If al-Qaeda-linked terrorists thought they could drive foreign investors out of Indonesia, they didn’t reckon with the likes of Jim Castle.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9xRYqRY.sN0

Won May Fall 6% on Break of Moving Average: Technical Analysis
(Bloomberg) -- South Korea’s won may decline 6 percent to the lowest level since July in one to two weeks after the currency dropped beyond its 200-day moving average against the dollar, according to Mitsubishi UFJ Securities Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPytLuKlDvwk

FTSE 100 May Slide 17% If 5,010 Breached: Technical Analysis
(Bloomberg) -- The FTSE 100 Index may tumble another 17 percent if the benchmark gauge for U.K. equities closes below a key support level at 5,010, according to a technical analyst at Charles Stanley & Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aA3TSPxlFA_E

Yield to Rise on ‘Momentum Divergence’: Technical Analysis
(Bloomberg) -- The yield on the 10-year Treasury note will continue to climb after it completes a “triple momentum divergence,” according to technical analysts at Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akx1QJKPcnt0

CME Palm Oil Futures May Lure Europe, U.S. Investors (Update2)
(Bloomberg) -- A dollar-denominated palm oil contract introduced by CME Group Inc., the largest futures exchange, may attract U.S. and European investors, according to Dorab Mistry, a director at Godrej International Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOndlwmvKDE4

Hedge Funds Sell Crude Fastest in Eight Months: Energy Markets
(Bloomberg) -- Hedge funds sold oil at the fastest pace in almost eight months, cutting their bullish bets by 32 percent as crude prices plunged on concern Europe’s debt crisis will hurt energy demand.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCT6uWo5c0BY

Real Traders Pay Most Premium to Guard Against Drop (Update1)
(Bloomberg) -- Brazilian currency traders are paying the highest premium in developing markets to insure against a tumble in the real after Europe’s debt crisis sparked the biggest monthly retreat since November 2008.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUyydT6.OIWQ

Dollar to Become ‘Growth Currency’ During Next Decade (Update1)
(Bloomberg) -- The dollar will probably become a “growth currency” during the next 10 years, shedding its haven status of the past decade, as the U.S. economy outperforms Europe and Japan, according to UBS AG. 
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6j_pFkIA174

ANZ's Pervan Pares Oil Estimate to $85 by Year's End: Video
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a43Vl75Am6sQ

Yoshikami: Why Stocks Likely Won't Fall 20%
In the investment strategist world, I tend to be pretty cautious. I do believe that while economies are recovering, its going to be a long difficult climb from years of excesses.
http://www.cnbc.com/id/37313525

Double Dip Recession Now Assured?
With investors facing yet another summer of discontent, one economist has looked back in time for clues on how the following months may place out.
http://www.cnbc.com/id/37311088

Euro Club Membership Very Tough to Renounce
Speculation that Greece could opt out of -- or be pushed out of -- the euro zone roiled global stock markets last week.
http://www.cnbc.com/id/37311742

Year-Long Rally Is Over: Charts
The year-long trend upwards in the stock market is over and commodities are also set to correct, according to Robin Griffiths, technical analyst at Cazenove Capital. As a result, Griffiths suggested investors look for risk-averse trades.
http://www.cnbc.com/id/37205916

Schork Oil Outlook: Can Bulls Beat a 'Nouriel Roubini Week'?
Do the bulls have the upper hand in the short-term?
http://www.cnbc.com/id/37315437

When Do You Buy This Market?
As bad as Thursday was for the markets, with the Dow plummeting 376 points and the S&P 500 losing almost 4%, Cramer still isn’t bullish on most stocks.
http://www.cnbc.com/id/37266259

Poll: Economists More Upbeat Despite Deficit Worries
U.S. economic prospects are brightening, although Europe's debt troubles serve as a reminder that the United States must tame its own roaring deficit, economists said in a report Monday.
http://www.cnbc.com/id/37311077

It's Looking a Lot Like a Correction ... or Worse
by Dave Kansas
Stock prices stabilized on Friday, but it felt like the selling ended more because of exhaustion than because of some return of optimism.
http://finance.yahoo.com/banking-budgeting/article/109624/its-looking-a-lot-like-a-correction-or-worse;_ylt=Alakn6.5M2fusGwi4_YA_rS7YWsA;_ylu=X3oDMTE1YmoxaGpmBHBvcwM0BHNlYwN0b3BTdG9yaWVzBHNsawNpdHNsb29raW5nYWw-?mod=bb-budgeting&sec=topStories&pos=2&asset=&ccode=

Gold at $800, say some analysts
Some analysts believe the metal is already overpriced and set up for a fall. But how far, and how fast, can it drop?
http://finance.yahoo.com/news/Gold-at-800-say-some-hftn-53086458.html;_ylt=Ao9bS0tlMWwRnvc7lquI2ue7YWsA;_ylu=X3oDMTFhbDAxOHAyBHBvcwM0BHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA2FiZWFyaXNodmlldw--?x=0

Stock-Market Decline May Soon Run Out of Steam: John Dorfman
(Bloomberg) -- The U.S. stock market reels. Europe cringes at the prospect of serial defaults by Greece, Portugal, Spain and Italy. Gooey oil creeps out of the Gulf of Mexico onto land. A computer glitch triggers a near-crash on stock exchanges. Rules for financial firms in the U.S. are being overhauled. North Korea and South Korea rattle sabers.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4O5ihWWajtI

Goldman’s O’Neill Says Euro Won’t Drop Much Further: Video http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSI5vlfFT0vE

DBS Group's Wee Says Euro Is `Too Big to Fail' Currency: Video
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aatWf_dgYY8g