Thursday, November 18, 2010

DailyMarkets.com - 12 Facts Showing How Obscenely Wealthy Many Members Of Congress Are While The Rest Of Us Are Barely Getting By

DailyMarkets.com - 12 Facts Showing How Obscenely Wealthy Many Members Of Congress Are While The Rest Of Us Are Barely Getting By

12 Facts Showing How Obscenely Wealthy Many Members Of Congress Are While The Rest Of Us Are Barely Getting By

Posted: 18 Nov 2010 03:35 AM PST

Do you remember the days when getting elected to Congress or choosing to work for the government was referred to as “public service”?  The idea was that you would be making a sacrifice for the greater good of the country.  Well, those days are long gone.  Today, getting elected to Congress or working for the federal government is a good way to get rich.  Median household income in the United States fell from $51,726 in 2008 to $50,221 in 2009, and yet the personal wealth of members … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Thursday: Citigroup, NetApp, Applied Materials, Target, BP, Barclays, Rolls Royce, Repsol

Posted: 18 Nov 2010 03:28 AM PST

Chancellor George Osborne has pledged to help Ireland after new figures showed British banks have a GBP 140bln exposure to the beleaguered country, according to new figures from the Bank for International Settlements. (Telegraph)

UK

BP (NYSE:BP) – Co.'s board will tighten its oversight of co.'s day to day operations following the Gulf of Mexico oil spill, according to co.'s chairman. (RTRS)

Barclays (NYSE:BCS) – According to sources, co.'s private equity managers have agreed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits Fresh 2-day High After Spanish Bond Auction

Posted: 18 Nov 2010 03:13 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Thursday, surging to a fresh 2-day high after Spain's Treasury successfully auctioned EUR3.654 billion of long-term bonds but at a higher than previous yield.

EUR/USD hit 1.3657 during European morning trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.3633, gaining 0.76%.

The pair was likely to find support at 1.3459, Wednesday's low and resistance at 1.3749, the high of November 15.

The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. CBI Industrial Order Expectations Rise More-than-expected

Posted: 18 Nov 2010 03:08 AM PST

Forex Pros – Industrial order expectations rose more-than-expected in the U.K. in November, industry data showed on Thursday.

In a report, the Confederation of British Industry said its index of industrial order expectations rose to -15.0 in November, after falling to -28.0 in October.

Analysts had expected the index to rise to -24.0 in November.

On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are for lower volume.

Commenting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Gains Capped As U.K. Net Borrowing Remains High

Posted: 18 Nov 2010 02:32 AM PST

Forex Pros – The pound gained modestly against the U.S. dollar on Thursday, after official data showed that U.K. retail sales rose more-than-expected in October but U.K. public borrowing fell less-than-expected.

GBP/USD hit 1.5974 during European morning trade, a fresh daily high; the pair subsequently consolidated at 1.5948, gaining 0.26%.

Cable was likely to find support at 1.5838, Wednesday's low and a 13-day low and resistance at 1.6086, Wednesday's high.

Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chart Divergences Show Gold Topping, US Dollar Bottoming

Posted: 18 Nov 2010 02:20 AM PST

Last week I warned that the US dollar was reaching three-year lows and to expect a dollar bounce. The dollar has bounced higher as risk aversion has returned with Ireland on the verge of needing a bailout and China raising interest rates to combat rising inflation. There are growing concerns of the Fed needing to raise interest rates ahead of schedule. The previous euphoria in commodities appears to be waning and the technicals are demonstrating the fundamental challenges facing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Soars To 4-day High As Ireland Debt Worries Ease

Posted: 18 Nov 2010 02:11 AM PST

Forex Pros – The euro was up against the pound on Thursday, soaring to a 4-day high as talks aimed at recapitalizing Ireland’s stricken banking sector with money from an international bailout fund were set to begin.

EUR/GBP hit 0.8552 during European morning trade, the pair's highest since November 12; the pair subsequently consolidated at 0.8543, gaining 0.44%.

The pair was likely to find support at 0.8473, Wednesday's low and resistance at 0.8637, the high of November 10.

Later in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Post Sharp Gains; DAX Adds 1.34%

Posted: 18 Nov 2010 02:04 AM PST

Forex Pros – European stocks posted sharp gains on Thursday, as shares in the financial sector led markets higher, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 climbed 1.46%; France's CAC 40 soared 1.51%; while Germany’s DAX jumped 1.34%.

Shares in the financial sector were broadly higher as a team of officials from European Central Bank and the International Monetary Fund were arriving in Ireland for talks to assess … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Public Sector Net Borrowing Falls Less-than-expected

Posted: 18 Nov 2010 01:47 AM PST

Forex Pros – Public sector net borrowing in the U.K. fell less-than-expected in October, official data showed on Thursday.

In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income fell to GBP 9.8 billion in October, down from GBP 14.4 billion in September, whose figure was revised down from GBP 15.6 billion.

Economists had expected public sector net borrowing to decrease to GBP 8.9 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke: Request For Urgent Business Relationship

Posted: 18 Nov 2010 01:44 AM PST

Just in case you have not seen "Bernanke's letter" that was posted by a guest writer on the FT Alphaville site, here goes:
Dear Sir,
Good day and compliments. I am Dr [[Mr]] Benjamin Bernanke, Chairman of Federal Reserve of United States of America. This mail will surely come to you as a great surprise, since we never had any previous correspondence. My aim of contacting you is to crave your indulgence to assist us in securing some funds abroad to prosecute a transaction of great … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Soars To 3-day High As Irish Debt Fears Recede

Posted: 18 Nov 2010 01:42 AM PST

Forex Pros – The euro was sharply higher against the yen on Thursday, surging to a 3-day high as fears over sovereign debt problems spreading from Ireland to other vulnerable euro zone nations subsided.

EUR/JPY hit 113.56 during European morning trade, the pair's highest since November 15; the pair subsequently consolidated at 113.32, soaring 0.71%.

The pair was likely to find support at 112.29, Wednesday's low and resistance at 114.28, the high of November 8.

Later in the day, a team … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Retail Sales Rise More-than-expected In October

Posted: 18 Nov 2010 01:41 AM PST

Forex Pros – Retail sales in the United Kingdom increased more-than-expected in October, rising for the first time in three months, official data showed on Thursday.

In a report, the U.K. Office for National Statistics said retail sales rose by a seasonally adjusted 0.5% in October, after falling by 0.5% in September, whose figure was revised upwards from a decline of 0.2%.

Analysts had expected retail sales to rise by 0.2% in October.

The report said the largest increase in sales came in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

World Gold Council: Gold Statistics For Q3 2010

Posted: 18 Nov 2010 01:39 AM PST

The World Gold Council yesterday published the latest issue of Gold Demand Trends for Q3 2010, which suggests demand for gold for the rest of 2010 will be underpinned by the following market forces:
Outlook
• Increasing demand by the world's two largest markets, India and China, as rising income levels, high savings rates and strong economic growth continue to push up consumption.
• Gold jewellery demand is likely to exceed that of 2009 due to an anticipated recovery in India, the most … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Don Coxe – Investment Recommendations (October 2010)

Posted: 18 Nov 2010 01:36 AM PST

The October edition of Donald Coxe's Basic Points research report (subtitled "Two Days After Hallowe' en") arrived in my inbox a few days late, but nevertheless still makes for good reading. His investment recommendations, as summarized in this document, are listed in the paragraphs below, but I do recommend you also read the full report at the bottom of the post. (Also note that Donald's weekly webcasts can be accessed from the sidebar of the Investment Postcards site.)
1. This stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke Doesn’t Understand Risks Of QE2, Says Taleb

Posted: 18 Nov 2010 01:28 AM PST

Nassim Taleb, New York University professor and author of "The Black Swan: The Impact of the Highly Improbable", discusses the Federal Reserve's decision to initiate another round of quantitative easing. He also talks about his new book "The Bed of Procrustes: Philosophical and Practical Aphorisms".

Also read  the thoughtful article by Paul Sandison entitled "The Time is Overdue for the US to Sober Up on Spending and Industrial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bove: Market Doomed Because Of QE2

Posted: 18 Nov 2010 01:23 AM PST

A growing chorus of critics are sounding the alarm about QE2, arguing that it has the potential to be the downfall of the U.S. That's effectively what widely-followed strategist Dick Bove of Rochdale told … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Tumbles Vs. Rivals As Weak CPI Supports Fed Easing

Posted: 18 Nov 2010 01:17 AM PST

Forex Pros – The U.S. dollar was sharply lower against all its major rivals on Thursday, after unexpectedly weak U.S. inflation data supported the Federal Reserve's case for economic stimulus and as Ireland's debt problems appeared to subside.

During European morning trade, the greenback was down against the euro, with EUR/USD soaring 0.84% to hit 1.3645.

Irish Finance Minister Brian Lenihan said “intensive engagement” would begin later Thursday between his country and its European … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Current Account Deficit Widens Unexpectedly

Posted: 18 Nov 2010 01:08 AM PST

Forex Pros – The euro zone current account deficit widened unexpectedly in September, official data showed on Thursday.

In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted deficit of EUR 13.1 billion in September, after recording a deficit of EUR 6.9 billion in August, whose figure was revised down from EUR 7.5 billion.

Economists had expected the current account deficit to narrow to EUR 2.2 billion in September.

The report said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone Current Account

Posted: 18 Nov 2010 01:06 AM PST

Eurozone Current Account came in at -13.1B, weaker than the -2.2B expected.
Though a negative number for the Euro the currency has strengthened in recent trade. Eur/Usd currently trades at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down As Weak U.S. Data Supports Stimulus Case

Posted: 18 Nov 2010 01:01 AM PST

Forex Pros – The U.S. dollar erased early gains against the yen on Thursday, falling to a daily low as unexpectedly weak U.S. inflation data supported the Federal Reserve's argument for fresh economic stimulus.

USD/JPY retreated from 83.39 the daily high, to hit 83.15 during early European trade, shedding 0.04%.

The pair was likely to find support at 82.39, the low of November 15 and resistance at 83.97, the high of October 5.

On Wednesday, official U.S. data showed that core consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Face To Face With Erskine Bowles And Alan Simpson On U.S. Deficit

Posted: 18 Nov 2010 12:58 AM PST

In this interview, Charlie Rose sits down with Erskine Bowles and Alan Simpson Co-chairs of President Obama's Bipartisan Deficit Commission.
Click here or on the image below to view the video.

Click here for a transcript of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: So Much For Fiscal Sanity …

Posted: 18 Nov 2010 12:56 AM PST

Two Growth Engines And Many Drag Anchors

Posted: 18 Nov 2010 12:47 AM PST

By Cees Bruggemans, Chief Economist of FNB.
South Africa has two growth engines at present on forward thrust and many drag anchors wanting it not to go anywhere.
Confused?
The two growth engines are household consumption, coyly responding to lively income and select asset gains, and the terms of trade (export minus import prices) imparting a growing external income windfall to the nation.
These are two horses with their bits firmly between the teeth, pulling the wagon through the drift, despite … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FNB/BER Consumer Confidence Steady In 4Q2010

Posted: 18 Nov 2010 12:41 AM PST

By Cees Bruggemans, Chief Economist of FNB.
The FNB/BER CCI held steady at a high level during 4Q2010.
The two most noticeable aspects were the further improvement in sentiment about now being a good time to buy durable goods and the widening gap in confidence between high (over R10 000 monthly) and low income earners (below R2 000).
The FNB/BER consumer confidence index (NYSE:CCI) remained virtually unchanged during 4Q2010. An index number of +14 was registered compared to +15 during … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits 2-day Low As Dollar Rally Ebbs On Weak Data

Posted: 18 Nov 2010 12:27 AM PST

Forex Pros – The U.S. dollar was down against the Swiss franc on Thursday, dropping to a 2-day low as the dollar's recent rally ebbed after worse-than-expected U.S. inflation data bolstered the Federal Reserve's case for economic stimulus.

USD/CHF hit 0.9870 during late Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 0.9894, shedding 0.15%.

The pair was likely to find support at 0.9722, the low of November 11 and resistance at 0.9974, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 2-day High As Dollar Softens After Weak CPI

Posted: 17 Nov 2010 11:55 PM PST

Forex Pros – The pound was up against the U.S. dollar on Thursday, rising to a 2-day high as the dollar softened following the release of worse-than-expected U.S. data on consumer price inflation.

GBP/USD hit 1.5947 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.5929, gaining 0.13%.

Cable was likely to find support at 1.5838, Wednesday's low and a 13-day low and resistance at 1.6086, Wednesday's high.

On Wednesday, official U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Jump On Commodities, Financials; Nikkei Soars 2.06%

Posted: 17 Nov 2010 11:50 PM PST

Forex Pros – Asian stocks posted sharp gains on Thursday, as shares in the commodity and financial sectors led markets higher, while Japanese exporters gained as the yen weakened against the U.S. dollar.

During late Asian trade, Hong Kong’s Hang Seng Index rallied 1.67%, South Korea’s Kospi Composite added 1.66%, while Japan's Nikkei 225 Index jumped 2.06%.
   
Shares in the commodity sector performed strongly, as crude oil and metal prices rebounded. Japan's biggest oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish-Looking Stocks For Thursday: Abercrombie & Fitch, Coach, Exide Tech, Baldor Electric, Cypress Semiconductor, Limited Brands, Rent A Center, Williams Sonoma

Posted: 17 Nov 2010 11:40 PM PST

With futures looking good and more importantly, China in the green as I write this, it’s time to be ready for Thursday, so here is a watchlist of setups I like here.

One thing common in all these setups is that they all held up pretty well during this move down. Also, most of them have bullish volume patterns. Also, the MA(20) held up nicely as support in pretty much all these patterns.

Hmmm…..that makes it more than one thing common, but who is counting??!!

Exide Tech … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits 2-day High After Weak U.S. Data Boosts Fed’s Case

Posted: 17 Nov 2010 11:33 PM PST

Forex Pros – The euro was up against the U.S. dollar on Thursday, rising to hit a 2-day high after unexpectedly weak U.S. data supported the Federal Reserve's case for further stimulus to support the U.S. economic recovery.

EUR/USD hit 1.3611 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.3598, gaining 0.49%.

The pair was likely to find support at 1.3459, Wednesday's low and resistance at 1.3749, the high of November 15.

On … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Wipes Out November Rally Despite Plunge In Inventories, Gold Falls For A Fourth Day But Rebounds Overnight

Posted: 17 Nov 2010 11:30 PM PST

Commodities – Energy
Crude Oil Wipes Out November Rally Despite Plunge in Inventories
Crude Oil (WTI) – $80.91 // $0.47 // 0.58%
Commentary: Crude oil fell for a fourth day in a row despite a steep drop in U.S. crude oil inventories. The move in crude was interesting considering that U.S. equity markets were virtually flat the entire day. Crude was down between $0.50 and $1.00 before the inventory report, proceeded to rally up to unchanged after the numbers, and then sold off for the rest of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Whole Foods Market Inc.

Posted: 17 Nov 2010 11:05 PM PST

Whole Foods Market, Inc. (NASDAQ:WFMI) recently jumped to a new multi-year high after reporting strong Q4 results that included an 18% earnings surprise. With an average earnings surprise of 18% over the last four quarters and bullish 13% next-year growth projection, this Zacks #1 rank stock offers a healthy serving of momentum.
Company Description
Whole Foods Market, Inc. owns and operates organic and natural food supermarkets in the United States, Canada and the U.K. The company was founded in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Standard Motor Products, Inc.

Posted: 17 Nov 2010 11:05 PM PST

Standard Motor Products Inc. (NYSE:SMP) is in a good position to benefit from the aging car population as Americans hold on to their vehicles longer. The company, which manufactures and distributes automotive replacement parts, recently reported strong third quarter results driven by solid top-line growth.
Estimates have been rising, too, sending the stock to a Zacks #1 Rank (Strong Buy). With a 1.5% dividend yield and attractive valuation, there is a lot to like about Standard Motor.
Company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Tata Motors

Posted: 17 Nov 2010 11:05 PM PST

Tata Motors (NYSE:TTM) shares continue to surge, but thanks to huge estimate revisions the valuations are incredibly cheap.
If you are looking for exposure the BRIC countries, this Indian auto maker is a great option.
Company Description
Tata Motors is India’s largest auto maker and also owns premium brands like Jaguar and Land Rover. The company is the world’s fourth largest truck maker and second largest buss maker.
A Strong October
On Nov 15 Tata Motors announced that it sold 86,705 vehicles in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will This Year’s Black Friday Be The Best For Retail Stocks Since 2007?

Posted: 17 Nov 2010 10:58 PM PST

Early Wednesday morning, giant Target Corporation (NYSE:TGT) came out with its third-quarter profit, up 23% to 535 million dollars. More meaningful, the retailer said that it expects its current forth-quarter same-store sales to be the best in three years.

Tuesday, we had the world's biggest retailer, Wal-Mart Stores, Inc. (NYSE:WMT) report a 9.3% increase in third-quarter profit to $3.44 billion. Wal-Mart increased its fourth-quarter profit estimate.

The Home Depot, Inc. (NYSE:HD), the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opportunity Presents Itself As Fear Grips The Stock Market Again

Posted: 17 Nov 2010 10:48 PM PST

There is a bubble forming in today's economy and I believe that bubble is in U.S. Treasuries. Yesterday, the yield on 10-year Treasuries fell to 2.5% for the first time since 2009.

Why the big rush to U.S. T-bills?

A one-word answer explains the situation: fear. The fear is that the anemic U.S. housing market will not recover, and thus the U.S. economy will lapse back into recession.

Despite the rate on a standard 30-year mortgage sitting at only 4.53%, according to the National … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 17 Nov 2010 10:25 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3595, up 0.47% at time of writing.

The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3751, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.36% to hit 0.8537 and EUR/JPY rising 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Money-Making Trade Ideas In The Weeks Ahead: GLD, TBT, UUP, SDS

Posted: 17 Nov 2010 10:24 PM PST

There have been some major trend changes recently and it looks as though more investments are about to follow. The real question though is… Are You Ready To Take Advantage Of It?

It has been an exciting ride to say the least with the equities and metals bull market and the plummeting dollar. But it looks as though their time is up, or at least for a few weeks. Traders and investors will slowly pull money off the table to lock in gains or cut losses and re-evaluate the overall market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The Asian Session

Posted: 17 Nov 2010 10:05 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.5921, up 0.08% at time of writing.

The pair was likely to find support at 1.5840, Tuesday's low, and resistance at 1.6155, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.43% to hit 0.8543 and GBP/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 17 Nov 2010 09:20 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.

USD/JPY was trading at 83.30, up 0.13% at time of writing.

The pair was likely to find support at 82.40, Monday's low, and resistance at 83.59, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.39% to hit 1.3584 and GBP/USD falling 0.01% 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: 17 Nov 2010 08:10 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.

AUD/USD was trading at 0.9840, up 0.44% at time of writing.

The pair was likely to find support at 0.9726, Tuesday's low, and resistance at 0.9920, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.03% to hit 1.3806 and AUD/JPY rising 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session

Posted: 17 Nov 2010 07:15 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of N.Z. data on PPI Input.

NZD/USD was trading at 0.7724, up 0.29% at time of writing.

The pair was likely to find support at 0.7632, Wednesday's low, and resistance at 0.7778, Monday's high.

Earlier in the day, official data showed that New Zealand's producer price inflation input rose more-than-expected to a seasonally adjusted 0.70% in the last quarter from 1.40% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session

Posted: 17 Nov 2010 06:35 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Thursday.

EUR/JPY was trading at 113.06, up 0.49% at time of writing.

The pair was likely to find support at 112.27, Tuesday's low, and resistance at 113.64, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.25% to hit 1.3565 and EUR/GBP rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 17 Nov 2010 05:35 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.

USD/JPY was trading at 83.26, up 0.09% at time of writing.

The pair was likely to find support at 82.40, Monday's low, and resistance at 83.59, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.22% to hit 1.3561 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Extends Its Tumble As Growth Cools, Gold Stalls On Euro Troubles

Posted: 17 Nov 2010 04:16 PM PST

North American Commodity Update
Commodities – Energy
Where Risk Trends Pull out of its Dive, Crude Maintains its Tumble
Crude Oil (LS Nymex) – $80.44 // -$1.90 // -2.31%
Though broader risk appetite trends were able to level off through US trading hours Wednesday, US oil maintained its tumble. This decline marked the fourth consecutive decline (fifth if Thursday's unchanged performance is counted) and is thereby matches the worst performance the commodity has suffered since the series of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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