Friday, November 26, 2010

DailyMarkets.com - Currency Crisis! So What Happens If Both The US Dollar And The Euro Collapse?

DailyMarkets.com - Currency Crisis! So What Happens If Both The US Dollar And The Euro Collapse?


Currency Crisis! So What Happens If Both The US Dollar And The Euro Collapse?

Posted: 26 Nov 2010 03:35 AM PST

Some analysts are warning that the U.S. dollar is in danger of collapse because of the exploding U.S. government debt, the horrific U.S. trade deficit and the new round of quantitative easing recently announced by the Federal Reserve.  Other analysts are warning the the euro is in danger of collapse because of the very serious sovereign debt crisis that is affecting nations such as Greece, Portugal, Ireland, Italy, Belgium and Spain.  So what happens if the dollar and the euro both … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During The European Session

Posted: 26 Nov 2010 02:45 AM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9650, down 1.61% at time of writing.

The pair was likely to find support at 0.9633, today's low, and resistance at 0.9954, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.77% to hit 1.3727 and AUD/JPY falling 1.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down During The European Session

Posted: 26 Nov 2010 02:40 AM PST

Forex Pros – The Euro was lower against the Japanese Yen on Friday.

EUR/JPY was trading at 110.97, down 0.64% at time of writing.

The pair was likely to find support at 110.32, Wednesday's low, and resistance at 114.95, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.82% to hit 1.3249 and EUR/GBP falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The European Session

Posted: 26 Nov 2010 02:00 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3254, down 0.79% at time of writing.

The pair was likely to find support at 1.3218, today's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8452 and EUR/JPY falling 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During The European Session

Posted: 26 Nov 2010 01:10 AM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 1.0022, up 0.15% at time of writing.

The pair was likely to find support at 0.9849, Tuesday's low, and resistance at 1.0030, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.83% to hit 1.3248 and USD/JPY rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Private Loans And Money Supply

Posted: 26 Nov 2010 01:03 AM PST

The euro lost ground after M3 money supply came in at 1.0%; worse than the survey of 1.3% and prior reading of 1.0%. Additionally, private loans were as expected at 1.4%; slightly higher than the 1.2% prior … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The European Session

Posted: 26 Nov 2010 12:30 AM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5729, down 0.20% at time of writing.

The pair was likely to find support at 1.5686, today's low, and resistance at 1.6084, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.35% to hit 0.8448 and GBP/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asian Markets Mixed At Close; Nikkei Down 0.40%

Posted: 25 Nov 2010 11:30 PM PST

Forex Pros – Asian stocks were mixed after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index fell 0.40%, Australia's S&P/ASX 200 index gained 0.11%%, while Hong Kong's Hang Seng Index was trading 0.46% down.

Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.23%, S&P 500 futures pointed to a decrease of 0.23%% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: School Specialty (SCHS)

Posted: 25 Nov 2010 11:05 PM PST

The recent economic downturn has resulted in uncertainty related to state budget funding levels in school districts, subsequently leading to a cautious spending approach. Consequently, School Specialty (NASDAQ:SCHS) has been registering a persistent decline in the top line.
Softness in demand still continues for both curriculum-based products and supplemental materials. The furniture market has been the worst hit by budget cuts, as school construction and modernization projects have been cancelled … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Vicor Technologies (VCRT)

Posted: 25 Nov 2010 11:05 PM PST

Vicor Technologies (VCRT) began generating revenue in January 2010 after 10 years as a developmental company. Risks still abound but, in our opinion, are acceptable given the potential for sales and profitability to ramp rapidly.
Early indications suggest the PD2i Analyzer has received a positive response from physicians although unit placements have been well below our initial expectations. Financial condition is a concern, although significantly mitigated by management s ability to continue … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: NIKE, Inc.

Posted: 25 Nov 2010 11:05 PM PST

NIKE, Inc (NYSE:NKE) has come a long way from its humble beginnings in Oregon. Although best known for its high-priced sneakers, Nike has grown into a successful apparel and equipment business too, which now account for 37% of the company’s total revenue.
Nike has also grown into a globally recognized brand with over 63% of revenue coming from outside of North America, compared to 45% in 2000.
The company recently delivered a solid quarter marked by strong revenue growth in both North America and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Sally Beauty Holdings, Inc.

Posted: 25 Nov 2010 11:05 PM PST

Sally Beauty Holdings, Inc. (NYSE:SBH) recently hit a new multi-year high at $13.62 after reporting an awesome Q3 earnings surprise of 15%. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock doesn’t need a momentum makeover.
Company Description
Sally Beauty Holdings, Inc, together with its subsidiaries, distributes and sells professional beauty supplies worldwide. The company was founded in 1964 and has a market cap of $2.47 billion.
Even though consumers are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Orbotech

Posted: 25 Nov 2010 11:05 PM PST

Orbotech (NASDAQ:ORBK) is having a fantastic year so far. Shares of this Zacks #1 Rank (Strong Buy) jumped on the most recent earnings surprise and estimates continue to improve.
Company Description
Orbotech provides production solutions for specific applications in electronics supply chain. Automatic check reading products and optical inspection products are just a few of the specialized offerings from the company.
Revenue spikes 47%
On Nov 1 Orbotech announced third-quarter results that included … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 25 Nov 2010 10:10 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3316, down 0.32% at time of writing.

The pair was likely to find support at 1.3285, Wednesday's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8464 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The Asian Session

Posted: 25 Nov 2010 09:25 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5741, down 0.12% at time of writing.

The pair was likely to find support at 1.5726, Thursday's low, and resistance at 1.6084, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8460 and GBP/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The Asian Session

Posted: 25 Nov 2010 08:50 PM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9998, down 0.09% at time of writing.

The pair was likely to find support at 0.9849, Tuesday's low, and resistance at 1.0021, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.27% to hit 1.3323 and USD/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Discussing Sovereign Debt, Global Economics And Investing With Jonathan Wellum Of RockLinc Investment Partners

Posted: 25 Nov 2010 08:36 PM PST

Jonathan Wellum is CEO of RockLinc Investment Partners

Biography: Jonathan Wellum has a distinguished career in the financial industry, holding various positions including his present role as the CEO and CIO of RockLinc Investment Partners Inc. He was formerly the CEO and CIO of AIC Limited. He has twice been recognized as Fund Manager of the Year and in 1999, was recognized as one of the "top 40 under 40."
Mr. Wellum holds a Bachelor of Commerce and a Master of Business Administration … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The Asian Session

Posted: 25 Nov 2010 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8462, down 0.19% at time of writing.

The pair was likely to find support at 0.8428, Wednesday's low, and resistance at 0.8596, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.3328 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


How BP Shares Are Looking After The Bad Press From The Oil Spill Has Died Down

Posted: 25 Nov 2010 08:16 PM PST

What is the current chart picture of BP (NYSE:BP) shares, after the bad press from the oil spill has died down?

It turns out they're compressed between two timeframes of key EMAs, which gives us an excellent chance to take a look at this concept and watch what happens with the eventual resolution of these boundaries.

Let's first start with the Daily Chart then move up:

What I like to do is show real-world examples of concepts of how to use technical analysis tools or … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During The Asian Session

Posted: 25 Nov 2010 07:40 PM PST

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

USD/JPY was trading at 83.78, up 0.21% at time of writing.

The pair was likely to find support at 82.79, Tuesday's low, and resistance at 83.89, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.28% to hit 1.3322 and GBP/USD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up During The Asian Session

Posted: 25 Nov 2010 07:10 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD/CAD was trading at 1.0104, up 0.13% at time of writing.

The pair was likely to find support at 1.0076, Thursday's low, and resistance at 1.0265, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.25% to hit 1.3325 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During The Asian Session

Posted: 25 Nov 2010 06:30 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9754, down 0.55% at time of writing.

The pair was likely to find support at 0.9709, Tuesday's low, and resistance at 0.9954, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.35% to hit 1.3670 and AUD/JPY falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Friday 26 November

Posted: 25 Nov 2010 06:13 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore Shares started little changed as US markets were closed overnight for the Thanksgiving holiday. STI opens at 3163.31.
Watch Out For Economic News Today

Singapore Industrial Production (Oct)

Germany CPI (Nov)

Corporate Announcements

Keppel has secured an order for a jackup rig worth US$180 million from Standard Drilling Ltd and options for additional two rigs of about US$550 million.

Midas announced that it plans to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 25 Nov 2010 06:05 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3329, down 0.22% at time of writing.

The pair was likely to find support at 1.3285, Wednesday's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8463 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During The Asian Session

Posted: 25 Nov 2010 05:35 PM PST

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

EUR/JPY was trading at 111.70, up 0.01% at time of writing.

The pair was likely to find support at 110.32, Wednesday's low, and resistance at 114.95, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.16% to hit 1.3338 and EUR/GBP falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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