- Market 360: The Best and Worst of the Week for US Equities, Commodities, Currencies, and More
- Quick Market Stats: Week Ending 9/05
- S&P and Nasdaq on track for 5-day losing streak
- Jobs Numbers: Breakdown by Sector
- ARM Resets: Tsunami Ahead
- Deconstructing Jobs Numbers
- Has the S&P Ever Lost More Points Than the Dow?
- Market 360: The Best and Worst of the Week for US Equities, Commodities, Currencies, and More
- Quick Market Stats: Week Ending 8/29
- The US dollar is poised for its biggest monthly rise in over 15 years
Nearly 1.4 billion shares and over $16 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. The top currency trader has more than doubled his money making over $295,000 since currency trading began. Check out Sue Herrera's currency tips here and for daily currency analysis, go to Currency Updates.
Contest Widely Helds and Actives:
- In Wednesday's session, contestants made the most in the USD/JPY, EUR/JPY and USD/CAD pairs
- Contestants lost the most in the NZD/USD, AUD/USD, NZD/JPY pairs
- US Dollar: Today at 10aET Fed Chairman Bernanke and Treasury Secretary Paulson testify on markets before the House Committee and their commentary often proves market moving for the US dollar.
- Bullish comments for the dollar would include a focus on rising inflation by Fed Chairman Bernanke and strongly worded comments on US dollar weakness by Treasury Secretary Paulson
- Bearish comments for the dollar if Fed Chairman Bernanke focuses on risks to growth, mentions recession or comments on the instability of the financial markets
- EUR/USD [$$EURUSD
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] The ECB Monthly Report is due today, and if it has a hawkish tone that focuses on inflation risk, that may indicate a rate hike, it could be very bullish for the euro. - GBP/USD [$$GBPUSD
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] The Bank of England rate decision is due this morning, and consensus is that they will leave rate steady. The decision may be a non-event because the Bank of England doesn’t usually publish comments if the rate is left unchanged, but no rate cut could be bullish for the pound on a short-term basis. Ambac Financial [ABK Loading... ()
] was again the most active stock in the contest by far with over 191M shares traded on Tuesday followed by Sirius (SIRI) at over 66M shares tradedAMR [AMR Loading... ()
] & U.S. Airways [LCC
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] fell out of the Most Actives, replaced by Ford [F
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], which made it into the list for the first time & Washington Mutual [WM
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] Sirius Satellite Radio [SIRI Loading... ()
] continues to hold the top spot in the Widely Helds with over 2.5B shares owned in the contest Industrials continue to represent 35% of the top Widely Helds
Sample of Top Trades in the Leaderboard:
Oilsands Quest [BQI Loading... ()
] if you bought on Tuesday before 4pET and held/sold on Wednesday, you made 6.03%- James River Coal [JRCC
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] if you bought on Tuesday before 4pET and held/sold on Wednesday, you made 5.75%
Sample of Losing Trades from the Leaderboard:
Freddie Mac [FRE Loading... ()
] if you bought on Tuesday before 4pET and held/sold on Wednesday, you lost -23.77% Fannie Mae [FNM Loading... ()
] if you bought on Tuesday before 4pET and held/sold on Wednesday, you lost -7.51%
Bets for Today (July 9th):
- AMR [AMR
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] Northwest Airlines [NWA Loading... ()
] Yamana Gold [AUY Loading... ()
] Barrick Gold [ABX Loading... ()
]Newmont Mining [NEM Loading... ()
] Johnson and Johnson [JNJ Loading... ()
]Procter & Gamble [PG Loading... ()
]Agrium [AGU Loading... ()
]The Mosaic [MOS Loading... ()
]
It's not too late to get started. You can still get in the game to win the grand prize or one of these great weekly prizes.
Click here to play.





