Daily Markets - AUD/USD Shows Bearishness In Channel
Daily Markets - AUD/USD Shows Bearishness In Channel |
- AUD/USD Shows Bearishness In Channel
- The Euro Could Again Take Another Hit Against The US Dollar
- More Shale Joint Ventures Ahead
- Royal Caribbean Remains At Neutral
- Boeing Bids For Air Force Contract
- Yahoo Grabs Search Market Share
- GE Gets LNG Contract
- QLogic Gains Market Share
- Alternative Housing Finance: How Does “SwapRent” Work
- Forex Trading: USDJPY Breaks Above 84.24 And Stops Ignited.
- Baxter And Kamada In GLASSIA Deal
- CBG Offers Advisory Service To UTX
- LRY Gets LEED Gold Certificate
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Caution
- Large Supplies, Slow Demand Sink Crude
- Forex Trading: USDJPY Rallies Back Up To Trendline Resistance
- Forex Trading: GBPUSD Holds 200 Day MA But Stays Above Intraday Support
- PTR And Shell Take Over Arrow
- Narus Exit Adds $3M To American Cap
- Panasonic Strengthens Chinese Base
- Forex Trading: GBPUSD Tests Key 200 Day MA Level At 1.5476
- Forex Trading: EURUSD Rallies On Weak Housing As Dollar Selling Dominates
| AUD/USD Shows Bearishness In Channel Posted: 24 Aug 2010 09:43 AM PDT Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (8/24/2010) has tentatively dropped below 0.8850 support to establish a new one-month low, before correcting back up. This occurs after price came down from another re-test of the top of a new parallel downtrend channel extending from the early August 0.9220 peak. Having reached a low today just below 0.8800 and potentially confirming a downtrend continuation, any re-break below this level should target key further … [visit site to read more]
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| The Euro Could Again Take Another Hit Against The US Dollar Posted: 24 Aug 2010 09:39 AM PDT Good day FX friends! Here’s an update on the EURUSD which I posted last August 17 (please see my previous blog here). In that post, I mentioned the possibility of the euro breaking out to the upside. It turns out that I was wrong as the EUR, instead of moving north, slid and broke down. As you can see from its chart, it appears that the euro’s recent rally over the greenback is over. After breaking out from an inverted head and shoulders pattern, the fiber or the EURUSD pair managed … [visit site to read more]
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| More Shale Joint Ventures Ahead Posted: 24 Aug 2010 09:35 AM PDT An increasing trend in developing natural gas resources through joint ventures (JVs) can be noticed across the North American markets. Several industry players are prioritizing JVs over other sources of capital for property development.
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| Royal Caribbean Remains At Neutral Posted: 24 Aug 2010 09:35 AM PDT We reiterate our Neutral rating on Miami based Royal Caribbean Cruises Ltd (NYSE:RCL), the second largest company in the cruise vacation industry.
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| Boeing Bids For Air Force Contract Posted: 24 Aug 2010 09:35 AM PDT Defense contractor The Boeing Company (NYSE:BA) and team member ProActive Technologies LLC of Orlando, Florida have submitted a bid for the U.S. Air Force’s B-52 Training System Contractor Logistics Support (CLS) program.
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| Yahoo Grabs Search Market Share Posted: 24 Aug 2010 09:05 AM PDT Yahoo's (NASDAQ:YHOO) share in the Web-search market grew nearly half a percentage point in July, but Google Inc. (NASDAQ:GOOG), despite losing the ground to Yahoo, maintained its dominance in the U.S. search engine market, as shown by figures released by Internet market research company comScore Inc. Search engines make money when users click on the text ads placed beside search results. Web queries are an important element in helping search engine optimization and web advertising firms decide where … [visit site to read more]
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| Posted: 24 Aug 2010 09:05 AM PDT The Oil & Gas business of General Electric Co. (NYSE:GE) has entered into a supply and service agreement for the development of Papua New Guinea (PNG) LNG project. The project involves improvement of gas production and processing facilities of the plant. The project also includes development of onshore and offshore pipelines and liquefaction facilities with annual capacity of 6.6 million tons.
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| Posted: 24 Aug 2010 09:05 AM PDT QLogic Corporation (NASDAQ:QLGC) announced that the company has gained share in the 10 Gigabit Ethernet adapter market for the fifth consecutive quarter, ending June 2010. QLogic is a leading designer and supplier of storage networking, server networking, data networking and converged networking infrastructure solutions.
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| Alternative Housing Finance: How Does “SwapRent” Work Posted: 24 Aug 2010 08:58 AM PDT Our nation rests on a foundation of entrepreneurial risk taking. I am a strong proponent that our government should work to promote those who have the minds and spirit to take risk and drive our nation's future economic growth ever higher. That spirit has brought us untold gains over the years. We need to continue to tap into that spirit whenever and wherever we can. On a day in which we just reported that existing home sales dropped 27% in the month of July, I believe it is timely … [visit site to read more]
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| Forex Trading: USDJPY Breaks Above 84.24 And Stops Ignited. Posted: 24 Aug 2010 08:45 AM PDT Note: There is a file embedded within this post, please visit this post to download the file.The 84.45 level is the next target for the … [visit site to read more]
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| Baxter And Kamada In GLASSIA Deal Posted: 24 Aug 2010 08:35 AM PDT Medical product giant Baxter International Inc. (NYSE:BAX) has entered into a definitive distribution agreement with Israel-based biopharmaceuticals company Kamada Ltd. Under the deal, it has secured exclusive marketing rights to Kamada's GLASSIA Alpha 1-Proteinase inhibitor in the U.S., Canada, Australia and New Zealand. .
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| CBG Offers Advisory Service To UTX Posted: 24 Aug 2010 08:35 AM PDT CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate firm (on the basis of 2009 revenue), was recently selected by United Technologies Corp. (NYSE:UTX) as its preferred service provider across its property portfolio in Europe, the Middle East, Africa and Russia. CB Richard Ellis will provide transaction management, brokerage and strategic real estate advisory services to United Technologies with immediate effect.
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| LRY Gets LEED Gold Certificate Posted: 24 Aug 2010 08:35 AM PDT Liberty Property Trust (NYSE:LRY), a leading real estate investment trust (REIT), was recently accredited with Leadership in Energy and Environmental Design (LEED) Gold certification from the U.S. Green Building Council for its 211,000 square feet Maitland Summit III building in Orlando, Florida. This is the first LEED-certified development project of the company in the city.
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| Australian Dollar: The Downside Prevails Posted: 24 Aug 2010 08:18 AM PDT |
| Posted: 24 Aug 2010 08:18 AM PDT |
| Large Supplies, Slow Demand Sink Crude Posted: 24 Aug 2010 08:17 AM PDT Fundamentals
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| Forex Trading: USDJPY Rallies Back Up To Trendline Resistance Posted: 24 Aug 2010 08:12 AM PDT The 84.06 level is the trendline that was broken earlier today. In an ironic twist the weaker US data has been ignored and the USDPJPY is back up testing this key level. A move above the level may solicit more short covering as it isn't doing what the market likely expected it to do. So watch a move above. The next target for the pair above the 84.06 level would be 84.24 where the 100 bar MA on the 5 minute chart and the 38.2% retracement of the recent move down is … [visit site to read more]
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| Forex Trading: GBPUSD Holds 200 Day MA But Stays Above Intraday Support Posted: 24 Aug 2010 08:05 AM PDT GBPUSD has risen to test the key 200 day MA on the weaker dollar post the Existing Home Sale data. The high has reache 1.5478. The 200 day MA is 1.5476. A move above this level will likely lead to further buying. ON the downside, a move toward 1.5428-32 has support from trendline and the 200 bar MA on the 5 minute chart. Look for buyers against this level with sellers on a break below the level. The GBPUSD is wrestling with direction but is respecting the key … [visit site to read more]
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| Posted: 24 Aug 2010 08:05 AM PDT PetroChina Company Limited (NYSE:PTR) announced the successful completion of the acquisition of Arrow Energy Limited ("Arrow") along with Royal Dutch Shell (RDS.A). The deal was approved by the board of Arrow and Chinese and Australian governmental authorities, almost five months after the announcement of the acquisition in March.
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| Narus Exit Adds $3M To American Cap Posted: 24 Aug 2010 08:05 AM PDT Yesterday, American Capital Ltd. (NASDAQ:ACAS) reported that late last month, the company sold the software producing unit Narus to Boeing Co. (NYSE:BA) for $12 million. The company realized a gain of $3 million on this transaction during the third quarter.
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| Panasonic Strengthens Chinese Base Posted: 24 Aug 2010 08:05 AM PDT A leading manufacturer of electronic and electrical products, Panasonic Corp. (PC) announced to move a part of its plasma display panel (PDP) production facility based in Amagasaki, Japan to Panasonic Plasma Display (Shanghai) Co. Ltd. (PPDS) in Shanghai, China.
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| Forex Trading: GBPUSD Tests Key 200 Day MA Level At 1.5476 Posted: 24 Aug 2010 07:39 AM PDT |
| Forex Trading: EURUSD Rallies On Weak Housing As Dollar Selling Dominates Posted: 24 Aug 2010 07:22 AM PDT |
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