Sunday, October 31, 2010

DailyMarkets.com - Forex – USD/JPY Down During The Asian Session

DailyMarkets.com - Forex – USD/JPY Down During The Asian Session


Forex – USD/JPY Down During The Asian Session

Posted: 31 Oct 2010 04:30 PM PDT

The U.S. Dollar was lower against the Japanese Yen on Sunday.

USD/JPY was trading at 80.32, down 0.08% at time of writing.

The pair was likely to find support at 80.25, today's low, and resistance at 81.98, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.22% to hit 1.3976 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The Asian Session

Posted: 31 Oct 2010 03:35 PM PDT

The Australian Dollar was higher against the U.S. Dollar on Sunday.

AUD/USD was trading at 0.9864, up 0.28% at time of writing.

The pair was likely to find support at 0.9652, Wednesday's low, and resistance at 0.9927, Tuesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.4165 and AUD/JPY rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three ETFs Supported By US Economic Growth

Posted: 31 Oct 2010 01:17 PM PDT

The US economy grew by 2 percent in the third quarter of this year and business activity accelerated in October, signs that corporate and consumer spending are holding up providing positive price support for the iShares Dow Jones US Industrials (IYJ), the Vanguard Materials ETF (VAW) and the PowerShares DB Base Metals (DBB).
According to the latest data from the Institute for Supply Management-Chicago Inc., economic expansion is at the forefront illustrated by its business barometer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Top 5 Economic Graphs For The Week Ended 31 October 2010

Posted: 31 Oct 2010 01:01 PM PDT

This week we review the Q3 GDP results from the UK and US, then look at the recent data on the US housing market and consumer confidence. Then we examine some of the monetary policy decisions announced over the week, before wrapping up with a look at the inflation and employment situation in Japan.

1. US GDP

First up is US GDP which grew 0.4% q/q (or 2.0% “annualised” vs consensus 2.0%). On a year on year basis the US economy grew 3.1% vs 3.0% in Q2. Much of the gains were in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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