SINGAPORE -(Dow Jones)- The risk-sensitive Australian dollar and emerging market currencies gained modestly against the U.S. unit Friday, after a brighter U.S. economic picture cheered markets in holiday-thinned trade.

The euro also gained slightly against the greenback, but moves were muted as volumes were extremely light with Japan closed and markets across the region easing into the Christmas and year-end holidays.

“It’s unusual that you see such wide spreads, and that just underlines how thin trade is,” said Nizam Idris, currency strategist at Macquarie Group.

Asia stocks gained across the board, buoyed by positive data from the U.S. Jobless claims fell unexpectedly, reaching their lowest level since April 2008. Holiday retail sales are looking solid, while the index of leading economic indicators advanced 0.5% in November for its seventh straight gain.

The smattering of upbeat news helped Australia’s S&P/ASX 200 close 1.2% higher, while South Korea’s Kospi Composite was up 0.9% at 0610 GMT.

“Sentiment overall is definitely positive, and the U.S. data helped,” said Idris. But movements higher in the Aussie dollar and Asian currencies are exaggerated by the overall lack of liquidity in markets, he added.

Another earthquake in New Zealand’s second-largest city of Christchurch knocked the kiwi dollar off course mid-morning in Asia, but the unit quickly recovered as initial reports showed the quake rattled nerves but left buildings standing. The New Zealand unit is at $0.7747, up from $0.7741 late in New York trade.

The euro is at $1.3070, after trading at $1.3052 late in New York. The dollar found support against the Japanese yen at Y78.08. The Aussie dollar is at $1.0163, versus $1.0131 late in New York trade, but off an intra-day high of $1.0184.

Interbank Foreign Exchange Rates At 00:50 EST / 0550 GMT 

                           Latest       Previous   %Chg    Daily    Daily   %Chg
Dollar Rates                               Close            High      Low  12/31 

USD/JPY Japan            78.07-08       78.15-18  -0.12    78.22    78.08  -3.75
EUR/USD Euro            1.3068-70      1.3048-52  +0.15   1.3080   1.3048  -2.40
GBP/USD U.K.            1.5683-86      1.5675-80  +0.04   1.5703   1.5672  +0.49
USD/CHF Switzerland     0.9348-54      0.9359-62  -0.10   0.9360   0.9344  +0.01
USD/CAD Canada          1.0201-06      1.0205-11  -0.04   1.0213   1.0204  +2.57
AUD/USD Australia       1.0162-66      1.0128-33  +0.33   1.0180   1.0130  -0.68
NZD/USD New Zealand     0.7744-50      0.7732-39  +0.15   0.7756   0.7725  -0.63 

Euro Rate 

EUR/JPY Japan           102.02-06      101.97-02  +0.01   102.15   102.04  -6.07

-By Martin Vaughan, Dow Jones Newswires

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 Though he wasn’t really a rated officer within the military – he’d formerly been a railroad conductor and made the decision to make use of the title for additional prestige and also to garner respect – Drake was credited for drilling the very first oil well. Shacked up within the small community of Titusville situated within the northwest corner of Pennsylvania, Drake hit oil in a depth of 69 ft.

 The relaxation, as the saying goes, is history. But you might not learn about this other “first”… Nearly 40 years before Drake started appearing like a colonel, another guy was working hard drilling their own fortune. And what he was drilling for is shaping the earth’s future energy stage these days.

 A Cinderella Energy Story

 80 miles north of Titusville, William Hart dug the very first well particularly focusing on gas. Only using spades, his well was 27 ft deep. As we actually want to understand how far we have originate from a technology perspective, just consider the pipeline accustomed to ship the created gas is made from hollowed-out logs smacked as well as tar and cloth.

Today, you will find a lot more than 2.2. million miles of steel pipelines underneath U.S. soil shipping gas to a lot more than 68 million people.

 Sadl, gas continues to be lumped using its ugly step-siblings coal and oil, despite as being a cleaner supply of energy than both. Unlike oil, however, its future is vibrant… Gas will play a vital role within our energy mix. We are able to guarantee much at this time.

 The thing is, the U . s . States is going through a big change.

 Searching at data in the EIA, roughly 1 / 2 of U.S. total electric capacity originates from plants which are a lot more than 30 years old. Let us focus as it were about the two primary fuel types: coal and gas. The majority of the gas-powered plants happen to be built in the last 10 years, while a lot more than three-quarters of all of the coal-fired plants were built throughout the sixties and seventies…

 A week ago, we had precisely how desperate Japan would be to avoid a catastrophic energy crisis. Japan have been in an exciting-out melee with China over liquefied gas (LNG) supplies.

 But China is equally as hungry for brand new powers.

 The nation’s LNG imports arrived at a brand new record in This summer at a lot more than 1.18 million metric tons. Gas demand leaped 25% over This summer 2010. By 2035, China is forecasted to double its gas demand, growing around 5% each year – the greatest rate of growth around the globe. Which type of growth is not limited to China. India can also be likely to double its gas consumption by 2035, and gas will apparently constitute roughly 12% from the Subcontinent’s energy mix.

Rand gold Assets (NASDAQ: GOLD ) closed Thursday’s volatile buying and selling session at $103.59. Previously year, the stock has hit a 52-week low of $70.18 and 52-week a lot of $114.50. Rand gold Assets gold stock continues to be showing support around $100.69 and resistance within the $106.67 range. Technical indications for that stock are Bullish and S&P gives Rand gold Assets gold an optimistic 4 STARS (from 5) buy rating. For any hedged experience Rand gold Assets gold , consider the March ’11 $105.00 covered require a internet debit within the $98.59 area. That’s also the break-even stock cost with this trade. This covered call includes a amount of 50 days, provides 4.83% downside protection as well as an designated return rate of 6.50% to have an annualized return rate of 47.46% (to compare reasons only). A lesser-cost hedged play for Rand gold Assets gold would make use of a long term call option instead of the covered call stock purchase. To make use of this tactic take a look at going lengthy the Rand gold Assets gold Jan ’13 $65.00 call and selling the March ’11 $105.00 require a total debit of $38.50. The trade includes a lifespan of 50 days and provides .09% downside protection as well as an designated return rate of three.90% to have an annualized return rate of 28% (to compare reasons only). Rand gold Assets gold includes a current annual dividend yield of .17%. [FBB-Seven Summits Research]

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A week ago, I designed a promise that I’d abandon my unfocused ways and search in on five stocks that appear to be particularly interesting at this time. Taking center stage at this time is ArcelorMittal (New york stock exchange: MT  ) , the 500-pound gorilla of global steel production.

I’ll begin by saying that i’m no expert if this involves metals and materials, not to mention the steel industry particularly. Kind I even consider trading inside a company like ArcelorMittal?
Understanding what I’m not sure — that’s, the dynamics from the steel industry  – could keep me from attempting to wax poetical about the subject and attempting to make any kind of forecasts that hinge on that area of the picture. However, you will find things that I know, namely:
* What it really means to become a up and down integrated, world leader with scale.
* The significance of savvy, committed leadership having a substantial possession interest.
* The signposts of solid financial performance.
* How much of an beautifully listed stock appears like.
A good investment in ArcelorMittal would require work on my small part because I’d need to get more up-to-speed with an industry that I am not thoroughly acquainted with. That’s kind of a strike against it (only “kind of” because I actually do enjoy getting my start learning on). About the switch side, the points that I have layed out above are extremely strong selling points to have an investment. So that as a large fan of returns, the situation is not hurt through the stock’s nice dividend yield climax notable the dividend continues to be slashed by half from the peak level in 2008.

By at this time, this really is greatly in contention for that top just right my buy list — presently struggling for your place with Home Depot (New york stock exchange: HD  ) , that we checked out a week ago. But no champion is going to be crowned until I have examined all five from the stocks that I have set to search into. Stay updated for individuals dispatches and my pick from the eventual champion.

Meanwhile, hopefully I have given you plenty to consider. While you digest this and search in to the amounts yourself, you need to proceed and add ArcelorMittal for your watchlist to maintain what are you doing at the organization. Do not have a watchlist? You are fortunate, you can begin one free of charge on this link.

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