Friday, December 24, 2010

DailyMarkets.com - Christmas Stories

DailyMarkets.com - Christmas Stories


Christmas Stories

Posted: 24 Dec 2010 07:35 AM PST

If you and your family are blessed and prosperous this holiday season, you should consider yourself to be very fortunate, because there are tens of millions of other Americans that are desperately hanging on by their fingernails.  The Christmas stories that you are going to read below aren’t going to give you any warm fuzzies.  They aren’t about “Santa Claus” sliding down the chimney to leave huge piles of presents around the tree.  Rather, they are representative of what so many … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Thin Trading To End The Week – Oil Above $90 Supporting CAD

Posted: 24 Dec 2010 07:15 AM PST

Today's session saw rather subdued trading as we head into the Christmas holiday. Our majors were mainly consolidating, with the standouts being a weaker Swiss Franc (CHF) for the second straight session and a stronger Canadian Dollar (CAD) for the third session this week.
The Swissy continued its retracement against both the EUR and USD, as the flows heading into the Swiss Franc as a result of investors and wealthy individual in Europe safe guarding and parking their money in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The European Session

Posted: 24 Dec 2010 06:30 AM PST

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

GBP/USD was trading at 1.5435, up 0.04% at time of writing.

The pair was likely to find support at 1.5357, Wednesday's low, and resistance at 1.5577, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8498 and GBP/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Briefing 12.24.2010

Posted: 24 Dec 2010 06:26 AM PST

Taking a step outside the markets, we at FXTimes want to wish you and yours a wonderful holiday season, and a brilliant new year! During this time fo the year, the market is likely going to be in thin trading. Big moves can occur, but they may not carry as much weight as moves during heavy trading. Let's take a look at some upside and downside scenarios for the currency markets.
EUR/USD:
Upside: a close above 1.32 targets 1.3450 area, with resistance near 1.33 as well.
Downside: a break … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The European Session

Posted: 24 Dec 2010 06:00 AM PST

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

EUR/USD was trading at 1.3114, up 0.001% at time of writing.

The pair was likely to find support at 1.3056, Thursday's low, and resistance at 1.3201, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8499 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up During The European Session

Posted: 24 Dec 2010 05:30 AM PST

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

NZD/USD was trading at 0.7484, up 0.15% at time of writing.

The pair was likely to find support at 0.7348, Monday's low, and resistance at 0.7501, Thursday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.10% to hit 1.3423 and EUR/NZD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The European Session

Posted: 24 Dec 2010 05:00 AM PST

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

USD/CAD was trading at 1.0072, down 0.21% at time of writing.

The pair was likely to find support at 1.0054, today's low, and resistance at 1.0209, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.08% to hit 1.3125 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Up During The European Session

Posted: 24 Dec 2010 04:30 AM PST

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

GBP/JPY was trading at 127.96, up 0.04% at time of writing.

The pair was likely to find support at 127.46, Thursday's low, and resistance at 130.49, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.04% to hit 1.5435 and EUR/GBP rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


IN FOCUS: WisdomTree Dreyfus Commodity Currency Fund (CCX)

Posted: 24 Dec 2010 04:00 AM PST

Launch Date: September 24, 2010
Links: Website, Factsheet, Prospectus
Investment Strategy:
CCX is an actively-managed ETF that seeks to achieve returns reflective of money market rates in selected commodity-producing countries and changes to the value of those currencies. The fund obtains these exposures by entering into forward currency contracts and currency swaps while investing the capital in US treasuries. The investment thesis is that countries whose economic success is tied to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The European Session

Posted: 24 Dec 2010 04:00 AM PST

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

EUR/GBP was trading at 0.8492, down 0.10% at time of writing.

The pair was likely to find support at 0.8447, Monday's low, and resistance at 0.8526, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.05% to hit 1.3120 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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