DailyMarkets.com - AUD/USD Hits New Historical High: Will It Reach Parity Soon?

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• AUD/USD Hits New Historical High: Will It Reach Parity Soon?
• Despite Record Gold Prices, Your Gold May Not Be Worth As Much As You Think It Is
• US Dollar Cycle Stretching Slightly Long This Time
• Starwood To Unveil Panama Westin
• Trade Deficit Trouble!
• INVO Bio Making Big Progress

AUD/USD Hits New Historical High: Will It Reach Parity Soon? Posted: 14 Oct 2010 11:49 AM PDT Good day to you my Forex friends! Guess what?!?! The Australian dollar has recently marked a new historical high over the US dollar. And from the looks of it, it seems that the AUDUSD pair has still a lot of legs left to move higher. As you can see from its 8-hour chart, the pair has been trading on a well defined uptrend for quite some time now. Earlier this week, the pair opened with a bullish gap though this move was invalidated when it fell below the bottom of the gap. Nonetheless, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Despite Record Gold Prices, Your Gold May Not Be Worth As Much As You Think It Is Posted: 14 Oct 2010 11:43 AM PDT Record gold prices are becoming an almost-daily headline, with the “yellow metal” making a run at $1,400 an ounce. And while this is great for the investors who are along for the ride, there is an important caveat – your gold may not be worth as much as you think it is. Moreover, because of the tax consequences of ownership, chances are it’ll never add up to what those guys hawking gold coins on late night TV lead you to believe. But that doesn’t mean you shouldn’t invest. With an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Dollar Cycle Stretching Slightly Long This Time Posted: 14 Oct 2010 11:40 AM PDT The dollar just sliced right through the 76.50 pivot this morning. Today also happens to be the 28th day of the current daily cycle. The normal timing band for a cycle to bottom is between 20-28 days, However the Fed’s threat to print, print, print appears to be going to stretch the dollar cycle slightly long this time. We will look for the next swing low to mark the bottom of the cycle and the beginning of what should be a counter trend bounce. That bounce should be of the dead cat … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Starwood To Unveil Panama Westin Posted: 14 Oct 2010 11:35 AM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced that two new properties are slated to open in Panama in the next two years. This will mark the inauguration of the Westin brand of Starwood in that country. The Westin Playa Bonita Panama will open in 2011, followed by the opening of The Westin Panama Hotel in 2012 in Panama City's Costa del Este business district. Starwood will operate the two new Westin hotels in Panama as franchised properties with Bern Hotels & … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trade Deficit Trouble! Posted: 14 Oct 2010 11:05 AM PDT The Trade Deficit rose in August to $46.35 billion after it fell in July to $42.58 billion, down from $49.76 billion in June. The rise in the trade deficit is very bad news for the economy. The trade deficit was also substantially larger than the $44.5 billion consensus expectation. On a year-over-year basis, the total trade deficit was up 49.2% from $31.07 billion a year ago. The trade balance has two major parts: trade in goods and trade in services. America's problem is always on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

INVO Bio Making Big Progress Posted: 14 Oct 2010 10:35 AM PDT This morning, INVO Biosciences (IVOB) announced it has signed an exclusive sales and distribution agreement with Biodar Plus Company, based in Donetsk, Ukraine, to distribute the INVOcell medical device throughout the Ukraine. Additionally, Biodar will be setting up an in-house infertility center to facilitate sales of the device and provide treatment to infertile couples. INVO Bio CEO Dr. Claude Ranoux will head up training at the new center. We believe this could lead to training of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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