DailyMarkets.com - Spanish Fun Run Exposes Euro’s Challenges

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• Spanish Fun Run Exposes Euro’s Challenges
• Forex – EUR/JPY Up During The Asian Session
• Forex – USD/JPY Down During The Asian Session
• EUR/USD Elliott Wave Count – Imminent Downswing
• Forex – NZD/USD Down During The Asian Session
• Top 5 Economic Graphs For The Week Ended 7 November 2010
• The Markets Have Spoken

Spanish Fun Run Exposes Euro’s Challenges Posted: 07 Nov 2010 06:01 PM PST Friday’s rumor of a run on a Spanish bank proved to be false, but may have shed light on Europe’s ongoing challenges. Banco Bilbao Vizcaya Argentaria (BBVA) sponsored a fun run that drew a large crowd on Friday morning. The banks queues falsely spurred insolvency rumors that sent ripples throughout the financial world. While the rumors were squashed hours later the damage was already done. The euro tumbled nearly 1% against the dollar as the scrutinized 2-year EU/US yield … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session Posted: 07 Nov 2010 05:15 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Monday. EUR/JPY was trading at 114.13, up 0.08% at time of writing. The pair was likely to find support at 112.83, Wednesday's low, and resistance at 115.42, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.12% to hit 1.4050 and EUR/GBP rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The Asian Session Posted: 07 Nov 2010 04:30 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday. USD/JPY was trading at 81.18, down 0.10% at time of writing. The pair was likely to find support at 80.59, Thursday's low, and resistance at 81.57, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.26% to hit 1.4070 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Elliott Wave Count – Imminent Downswing Posted: 07 Nov 2010 04:01 PM PST The EUR/USD has been very strong in Q3 and part of Q4 2010. US QE2 has been pressuring the USD and European data has been benign. I would say the market was not that  focused on Europe's problems as much as the problems in the US. While there may be some further weakness in the greenback, the Euro may also be stepping into a period of weakness, and if the US Dollar Index bounces from the 75.00 level, we may have a major decline in the EUR/USD. The wave count for the pair suggests we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session Posted: 07 Nov 2010 03:10 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday. NZD/USD was trading at 0.7906, down 0.62% at time of writing. The pair was likely to find support at 0.7636, Tuesday's low, and resistance at 0.7976, Thursday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.46% to hit 1.2832 and EUR/NZD rising 0.76% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top 5 Economic Graphs For The Week Ended 7 November 2010 Posted: 07 Nov 2010 12:01 PM PST This week we look at the PMI results for China and the US and reflect on their implications. Then we review the monetary policy decisions out over the past week including the announcement from the US FOMC. Then we wrap up with a look at the US employment figures for October, and the New Zealand employment stats for the September quarter. 1. China PMI China saw a continued rebound in its manufacturing PMI figures for October, with the official CFLP figure rising to 54.7 from 53.8, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Markets Have Spoken Posted: 05 Nov 2010 12:55 AM PDT On Monday I wrote that this would be a momentous week for the financial prices and suggested that it may be time to sell the news. Now that the mid-term elections and the FOMC decision has come and gone, what’s the verdict? In the spirit of elections, where conceding politicians use the words “the People have spoken”, I now write “the Markets have spoken.” Fed chairman Ben Bernanke had an important Op-Ed in the Washington Post, in which he admitted that the Fed was targeting stock and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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