Monday, January 10, 2011

DailyMarkets.com - 14 Statistics Which Reveal Just How The U.S. Economic Situation Is Continually Getting Worse

DailyMarkets.com - 14 Statistics Which Reveal Just How The U.S. Economic Situation Is Continually Getting Worse


14 Statistics Which Reveal Just How The U.S. Economic Situation Is Continually Getting Worse

Posted: 10 Jan 2011 03:35 AM PST

Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago.  Back in 2007, unemployment was very low, good jobs were much easier to get, far fewer Americans were living in poverty or enrolled in welfare programs and government finances were in much better shape.  Of course most of this prosperity was fueled by massive amounts of debt, but at least times were better.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Finding Bottoms For The U.S. Stock Market

Posted: 10 Jan 2011 03:31 AM PST

It was a great first week in the market for 2011. Volume picked up as traders slowly return from holidays focusing on the markets again. Looking forward volume should continue to expand because there will be more traders in front of their terminals excited to see what type of money they can make in 2011.

Let's jump into what happened last week. On Friday the market generated a short term trading signals to go long SP500, Dow, Nasdaq or Russell 2k. This trade seemed to fall on a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch On Monday: Bank Of America, Goldman Sachs, JPMorgan Chase, Apple, Verizon, Dupont, Boeing, Kraft, Duke Energy, Progress Energy, BP, Wells Fargo, Marathon Oil

Posted: 10 Jan 2011 03:15 AM PST

Equity markets gave back some of the gains seen earlier in the week, and closed in negative territory, weighed upon after a weaker than expected US jobs report. Technology stocks which have been some of the strongest all week underperformed today, alongside the financial sector which was dragged lower after US Bancorp (NYSE:USB) (-0.76%) and Wells Fargo (NYSE:WFC) (-2.02%) lost a foreclosure court case in Massachusetts. Oil & Gas stocks were the strongest in the S&P500, led higher by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Tumble On Contagion Fears; DAX Down 0.61%

Posted: 10 Jan 2011 02:07 AM PST

Forex Pros – European stock markets were broadly lower on Monday, as market sentiment was weighed by lingering sovereign debt contagions fears, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 tumbled 1.20%, France's CAC 40 slumped 1.31%, while Germany’s DAX was down 0.61%.

Shares in the financial sector performed poorly after media outlets reported over the weekend that Germany and France were pressuring Portugal to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Round-up Of Overnight Data – Chinese Trade, Australian And Swiss Retail Sales, UK Housing Prices

Posted: 10 Jan 2011 01:58 AM PST

Aussie Retail Sales Rebound in November
Australian retail sales rebounding in November, climbing 0.3%, matching the consensus forecast heading into the report. That rise follows a 0.8% decline in retail sales in October, which was revised higher in today's report – was originally a 1.1% drop.
The data means that retailers had a bounce back month and that could help to fuel more jobs in the retail sector. However we saw growth cooling already in the 3rd quarter (growth of 0.2% q/q), and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Reverses Gains After Halifax HPI Drops

Posted: 10 Jan 2011 01:57 AM PST

Forex Pros – Sterling erased early gains against the U.S. dollar on Monday after British mortgage lender Halifax said U.K. house prices fell at their fastest pace in more than a year in December.

GBP/USD retreated from 1.557, the daily high, to hit 1.5498 during European morning trade, shedding 0.31%.

Cable was likely to find support at 1.5404, last Friday's low and resistance at 1.5578, the high of the same day.

The Halifax house price index fell 1.3% in December, after a 0.2% fall in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Sentix Investor Confidence

Posted: 10 Jan 2011 01:37 AM PST

EZ Sentix Investor Confidence came in at 10.6, weaker than the 11.9 expected.
Eur/Usd has not felt an effect regarding this data. The pair currently trades at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Sentix Investor Confidence Rises Less-than-expected

Posted: 10 Jan 2011 01:36 AM PST

Forex Pros – Investor confidence in the euro zone rose less-than-expected in January, industry data showed on Monday.

In a report, market research group, Sentix said its index of investor confidence rose to a level of 10.6 in January, after falling to 9.7 in December.

Analysts had expected the index to rise to 11.8 in January.

On the index, a level above 0.0 indicates optimism, below indicates pessimism.

Following the release of the data, the euro was down against the U.S. dollar, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Broadly Higher Vs. Rivals As Euro Pressure Mounts

Posted: 10 Jan 2011 01:35 AM PST

Forex Pros – The U.S. dollar was broadly higher against its major rivals on Monday, as pressure on the euro mounted ahead of European debt auctions scheduled to take place later in the week.

During European morning trade, the greenback was up against the euro, with EUR/USD sliding 0.03% to hit 1.2901.

Over the weekend, media outlets reported that Portugal was next in line to receive a bailout of as much as EUR100 billion. The reports were subsequently denied by Portugal.

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


Forex – USD/JPY Erases Early Losses, Hits Fresh Daily High

Posted: 10 Jan 2011 01:20 AM PST

Forex Pros – The dollar erased early losses against the yen on Monday, easing up to a daily high after earlier remarks by a Chinese official, indicating that the country was diversifying its reserves away from the dollar.

USD/JPY clawed up from 82.94, the daily low, to hit 83.23 during early European trade, gaining 0.12%.

The pair was likely to find short-term support at 82.84, last Friday's low and 83.68, the high of the same day.

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


Forex – NZD/USD Unchanged After Strong NZ Trade Data

Posted: 10 Jan 2011 12:46 AM PST

Forex Pros – The New Zealand dollar was unchanged against its U.S. counterpart on Monday, as sentiment was weighed by ongoing concerns over the euro zone sovereign debt crisis.
 
NZD/USD hit 0.7626 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7595, dipping 0.01%.

The pair was likely to find support at 0.7548, Friday's low and resistance at 0.768, last Wednesday's high.

Earlier in the day, Statistics New Zealand said the goods trade surplus for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Retail Sales Jump More-than-expected In November

Posted: 10 Jan 2011 12:19 AM PST

Forex Pros – Retail sales in Switzerland rose significantly more-than-expected in November, official data showed on Monday.

In a report, Switzerland's Federal Statistical Office said that retail sales rose at an annual rate of 2.5% in November, after rising by 3.5% in October.

Analysts had expected retail sales to increase at annual rate of 0.9% in November.

Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF slumping 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Hovers Near 3-week Low As Tepid Data Weighs

Posted: 10 Jan 2011 12:10 AM PST

Forex Pros – The Australian dollar remained close to a three week low against its U.S. counterpart on Monday after China, Australia's largest trading partner, posted a smaller-than-expected trade surplus and tepid domestic retail sales data.

AUD/USD hit 0.9911 during late Asian trade, the daily low; the pair subsequently consolidated at 0.9922, shedding 0.35%.

The pair was likely to find support at 0.983, the low of December 16 and resistance at 1.0014, last Thursday's high.

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


Halifax U.K. HPI Tumbles More-than-expected In Decembe

Posted: 10 Jan 2011 12:08 AM PST

Forex Pros – British house prices fell significantly more-than-expected in December, industry data showed on Monday.

In a report, the Halifax Bank of Scotland said its House Price Index fell by 1.3% in December, after falling by 0.2% in November, whose figure was revised from a decline of 0.1%.

Economists expected the index to fall by 0.3% in December.

Commenting on the report, Halifax housing economist Martin Ellis said, "Looking forward, we expect limited movement in house prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bullish With A Chance Of Severe Storms Later In The Year

Posted: 10 Jan 2011 12:04 AM PST

My 2011 outlook is out and it’s called Bullish with a chance of severe storms later in the year. Highlights:

The Fed wants to party. The dose of liquidity effected by the Fed is inducing speculative activity into risky assets. The Inflation-Deflation Timer Model uses commodity prices as the canaries in the mine and those canaries are chirping quite happily. These readings indicate the “inflation” or high beta trade of commodities, commodity producers and emerging market equities. A tour … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Mixed On China Tightening Concerns; Nikkei Closed

Posted: 09 Jan 2011 11:53 PM PST

Forex Pros – Asian stocks were mixed on Monday, as shares in the financial sector led markets lower amid concern over further monetary tightening by China, while markets in Japan remained closed for a national holiday.

During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.86%, South Korea’s Kospi Composite shed 0.26%, while Japan's Nikkei 225 Index was closed in observance of Coming-of-Age Day.

Earlier in the day, Liu Yuhui, a researcher with the Chinese Academy of Social Science … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Hits Fresh 4-month Low As Debt Auctions Loom

Posted: 09 Jan 2011 11:37 PM PST

Forex Pros – The euro opened lower against the U.S. dollar on Monday, falling to a fresh four month low ahead of billions in euro-zone government bond auctions scheduled to take place later in the week.

EUR/USD hit 1.2875 during late Asian trade, the pair's lowest since September 14, 2010; the pair subsequently consolidated at 1.2881, shedding 0.19%.

The pair was likely to find support at 1.2702, the low of September 13 and resistance at 1.302, last Friday's high.

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


Aggressive Growth Stock: Actuant Corp.

Posted: 09 Jan 2011 11:05 PM PST

Actuant Corp. (NYSE:ATU) has strung together 7 earnings surprises as both the top and bottom lines continue to improve. In addition, a recent acquisition led to a buying frenzy.
Those factors have lead to nice upward estimate revisions, pushing shares to a Zacks #1 Rank (Strong Buy).
Company Description
Actuant is an industrial company that operates in over 30 countries through a variety of markets. The company offers hydraulic and electrical tools, as well as other related products and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: American Superconductor (AMSC)

Posted: 09 Jan 2011 11:05 PM PST

American Superconductor Corporation (NASDAQ:AMSC) is a technology company operating in the two primary markets of wind energy and smart grid infrastructure technology. American Semiconductor’s growth potential is based on its solid backlog of $956 million, its strong Chinese exposure, and growing international operations.
However, we believe the above positives are already factored in the current valuation of the company. Also the company’s excessive dependence on Sinovel, headwinds in its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: J2 Global Communications (JCOM)

Posted: 09 Jan 2011 11:05 PM PST

We upgrade our recommendation for j2 Global Communications (NASDAQ:JCOM) to Outperform. According to our view, the company’s strong financial position and diversified product pipeline, in synergy with the long-term growth prospects for outsourced value-added messaging services, will drive valuation levels higher in the near future.
Subscriber usage revenue continues to beat market expectations. This is an important parameter as credit-sensitive customers constitute a majority of j2 Global’s sales. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Rogers Communications Inc.

Posted: 09 Jan 2011 11:05 PM PST

More Canadians signing up for smartphones means more revenue for Rogers Communications Inc (NYSE:RCI). The communications and media company headquartered in Toronto delivered its 7th consecutive positive earnings surprise driven by gains in its wireless division.
The company also pays a dividend yielding an attractive 3.6% and trades at a discount to its peers. It is a Zacks #2 Rank (Buy) stock.
Third Quarter Results
Rogers reported third quarter earnings per share of 81 cents, beating the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 09 Jan 2011 10:10 PM PST

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

EUR/USD was trading at 1.2898, down 0.07% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3325, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8300 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The Asian Session

Posted: 09 Jan 2011 09:45 PM PST

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

GBP/USD was trading at 1.5548, up 0.001% at time of writing.

The pair was likely to find support at 1.5407, Friday's low, and resistance at 1.5628, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8302 and GBP/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Down During The Asian Session

Posted: 09 Jan 2011 09:10 PM PST

Forex Pros – The Euro was lower against the Swiss Franc on Monday.

EUR/CHF was trading at 1.2452, down 0.28% at time of writing.

The pair was likely to find support at 1.2444, today's low, and resistance at 1.2726, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.02% to hit 1.2905 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Rises As Alaska Production Reduced By 95%, Gold Little Changed After Falling $50 Last Week

Posted: 09 Jan 2011 08:51 PM PST

Commodities – Energy
Crude Oil Rises as Alaska Production Reduced by 95%
Crude Oil (WTI) – $89.38 // $1.35 // 1.53%
Commentary: Crude oil is rising almost 1.5% in overnight trade on news that 95% of Alaska's North Slope oil production has been shut down due to an oil leak at a pump station. The region has production capacity of 630,000 barrels per day, or approximately 10% of the United States' total output. While a disruption of over half a million barrels per day is significant, market … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The Asian Session

Posted: 09 Jan 2011 08:40 PM PST

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

USD/CHF was trading at 0.9646, down 0.29% at time of writing.

The pair was likely to find support at 0.9470, Wednesday's low, and resistance at 0.9708, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.02% to hit 1.2909 and USD/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Debt Limit Chicken

Posted: 09 Jan 2011 08:31 PM PST

Haven't we seen this movie before?
If a threat to shut the government down and perhaps default on debt could be used to exact serious progress on deficit and debt reduction, I would be all for it. But progress is all that could be hoped for. There is no chance of deficit reduction to zero in time to beat the deadline.
The problem with this game of chicken is that there can be no winner if neither side blinks. It's like the preverbial threat to shoot a hole in the bottom of the boat to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Up During The Asian Session

Posted: 09 Jan 2011 08:10 PM PST

Forex Pros – The Euro was higher against the British Pound on Monday.

EUR/GBP was trading at 0.8304, up 0.02% at time of writing.

The pair was likely to find support at 0.8292, today's low, and resistance at 0.8542, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.2903 and EUR/JPY falling 0.09% 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: 09 Jan 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 83.05, down 0.11% at time of writing.

The pair was likely to find support at 81.89, Wednesday's low, and resistance at 83.69, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.04% to hit 1.2912 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


4 Reasons Gold ETFs Are Expected To Keep Luster

Posted: 09 Jan 2011 07:18 PM PST

As gold continues to oscillate ahead and below the $1,400 per ounce mark, some suggest that the precious metal could be in a bubble, but there are four reasons the metal is likely to sustain its price levels in the near future.
First, gold continues to be the ultimate safe haven in times of uncertainty.  The US economy is showing signs of recovery, but at a slow and steady pace.  The most recent data that illustrates this is a report by the Labor Department which indicated that US … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The Asian Session

Posted: 09 Jan 2011 07:15 PM PST

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

USD/CAD was trading at 0.9931, down 0.05% at time of writing.

The pair was likely to find support at 0.9898, Friday's low, and resistance at 1.0024, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.10% to hit 1.2919 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Impressive Improvement In December Tax Revenues

Posted: 09 Jan 2011 07:02 PM PST

(Reuters) – “Tax collections in most U.S. states continued to grow at the close of 2010 as employment conditions improved, a survey released on Thursday showed.

In December, 76 percent of the states surveyed by economic newsletter The Liscio Report met or exceeded their forecasted withheld income tax collections, up from 66 percent in November and in line with October. Also, 85 percent of the states said their collections had grown from December … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The Asian Session

Posted: 09 Jan 2011 06:45 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on Retail Sales.

AUD/USD was trading at 0.9980, up 0.21% at time of writing.

The pair was likely to find support at 0.9907, Friday's low, and resistance at 1.0076, Wednesday's high.

Earlier in the day, official data showed that Retail sales in Australia rose to a seasonally adjusted 0.30% last month from -0.80% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/CHF Down During The Asian Session

Posted: 09 Jan 2011 06:25 PM PST

Forex Pros – The British Pound was lower against the Swiss Franc on Monday.

GBP/CHF was trading at 1.5025, down 0.10% at time of writing.

The pair was likely to find support at 1.4752, Wednesday's low, and resistance at 1.5057, Friday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.07% to hit 1.5558 and EUR/GBP rising 0.08% 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: 09 Jan 2011 05:55 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday after the release of N.Z. data on Trade Balance.

NZD/USD was trading at 0.7622, up 0.31% at time of writing.

The pair was likely to find support at 0.7552, Thursday's low, and resistance at 0.7682, Wednesday's high.

Earlier in the day, data showed that New Zealand's trade balance fell more-than-expected to a seasonally adjusted -186.00M last month from -224.00M in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Life Is Precious

Posted: 09 Jan 2011 05:43 PM PST

As I contemplated writing about the Friday Employment Report or the ongoing issues within the European debt crisis or the prospects for the market, my mind kept coming back to something so much more important, that is, life itself.
I can not put into words how badly I feel and how much I empathize with the families impacted by the tragedy that occurred in Tucson, AZ this weekend. Situations such as this tragedy once again raise the unanswerable question, "why do bad things happen to good … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 09 Jan 2011 05:35 PM PST

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

EUR/USD was trading at 1.2894, down 0.10% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3325, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8296 and EUR/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down During The Asian Session

Posted: 09 Jan 2011 05:00 PM PST

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

EUR/JPY was trading at 107.06, down 0.23% at time of writing.

The pair was likely to find support at 106.95, Friday's low, and resistance at 109.76, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.02% to hit 1.2905 and EUR/GBP falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up On Economic Data

Posted: 09 Jan 2011 04:55 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on Retail Sales.

AUD/USD was trading at 0.9970, up 0.11% at time of writing.

The pair was likely to find support at 0.9907, Friday's low, and resistance at 1.0076, Wednesday's high.

Earlier in the day, official data showed that Retail sales in Australia rose to a seasonally adjusted 0.30% last month from -1.10% in the preceding month.

Analysts had expected Australian … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Retail Sales Rise

Posted: 09 Jan 2011 04:45 PM PST

Retail sales in Australia rose last month, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australian retail sales rose to a seasonally adjusted 0.30%, from -1.10% in the preceding month.

Analysts had expected Australian retail sales to rise 0.30% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down During The Asian Session

Posted: 09 Jan 2011 04:10 PM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Monday.

GBP/JPY was trading at 129.08, down 0.12% at time of writing.

The pair was likely to find support at 127.46, Wednesday's low, and resistance at 129.44, Friday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.05% to hit 1.5539 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up On Economic Data

Posted: 09 Jan 2011 03:00 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Sunday after the release of N.Z. data on Trade Balance.

NZD/USD was trading at 0.7600, up 0.03% at time of writing.

The pair was likely to find support at 0.7552, Thursday's low, and resistance at 0.7742, Tuesday's high.

Earlier in the day, data showed that New Zealand's trade balance fell more-than-expected to a seasonally adjusted -186.00M last month from -224.00M in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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