DailyMarkets.com - 3 Looming Danger Signs, 2 Amazing Opportunities
DailyMarkets.com - 3 Looming Danger Signs, 2 Amazing Opportunities |
- 3 Looming Danger Signs, 2 Amazing Opportunities
- Dow-DuPont Settle Dispute
- Hot Option Plays: Two Biggies Due To Report Earnings
- Forex – EUR/USD Up During The U.S. Session
- EIA Data Lifts Oil To 27-Month High
- Wyndham Enters India
- Options Feeding Frenzy Ensues Ahead Of Earnings At Intel, JPMorgan
- Merge Connecting With IConnect
- Trade Deficit Falls Again
- Forex – AUD/USD Up During The U.S. Session
- “Focused On Earnings…financials Are In Great Shape”
- Hudson City Upped To Neutral
- Initial Jobless Claims Up Sharply
- Forex – NZD/USD Up During The U.S. Session
- Euro Rebound Continues On Data, Economic Optimism
- European Markets Mixed At Close; Dax Up 0.09%
- Meredith In Neutral Lane
- CSC Closes Image Solutions Deal
- UCLA Commerce Index Hits 30-Month High In Dec.
- Today’s Fundamental Brief (1/13): Spanish Auction, Trichet Boost EUR; Higher Inflation Puts BOE In A Tough Spot, BOE Gains
- European Yields Recover From Hawkish Comments From Trichet
- Total U.S. Trade Reaches Two-Year High In Nov.; Get Ready For “Blowout Real GDP Growth” For Q4
- FDA Panel Rejects LLY’s Candidate
- Biogen’s Business Update
- Family Dollar Downgraded
- Forex – EUR/USD Up At The End Of European Session
- USD/CAD’s Flag Pattern And Bearish Scenario
- Genesis Hikes Cash Distribution
- Australian Dollar: Caution
- Canadian Dollar: Under Pressure
- Wheat Woes Already Priced In?
- Legg Mason’s December AUM Rises
- St. Jude’s Prelim 4Q Sales Tops
- Plains Ups Distribution Yet Again
- Cubist’s Q4 Preliminary Sales Down
- Will AUD/USD Stay Below Parity?
- MyPhone Sales Pushing Solid Group, Inc. (SGI) Higher
- Stalking GBP/JPY’s Rally With Elliott Wave Count
- Forex – Dollar Down Vs. Most Rivals After Surprise Jobless Claims Bump
- Forex Trading: GBPUSD Consolidating With A Positive Bias
- Opening Bell Market Monitor: MRO, PEG, WSM
- Markets In Everything: Foreclosure Exorcisms
- Forex – GBP/USD Surges To 3-week High After Weak U.S Jobs Data
- Forex Trading: EURUSD Continues The March Higher
- Forex – EUR/USD Hits 7-day High After U.S. Jobs Data, Euro Debt Sales
- FX Levels And Outlooks 1.13.2011 – EUR/JPY Completes Equality Wave Projection
- US Trade Deficit Hits Lowest Point In 10 Months
- U.S. Stocks Decline As Jobless Claims Climb; Dow Jones Sheds 0.30%
- Forex Trading: EURUSD Continues Higher
- US Data Mixed; More Jobless Claims Meets Better Trade Report, What’s That Mean For US Economy, USD?
- FX Levels And Outlooks 1.13.2011 – Stalking GBP/USD’s New Bull Run With Elliott Wave Count
- Forex Trading: EURUSD Tests Next Target And Finds Sellers
- FX Levels And Outlooks 1.13.2011 – USD/JPY Wave Count Suggests Rally To Come Soon
- Eurozone Auctions Spur Recovery For Euro
- FX Levels And Outlooks 1.13.2011 – EUR/USD
- Forex – USD/CAD Pares Gains After Jobless Claims Climb Unexpectedly
| 3 Looming Danger Signs, 2 Amazing Opportunities Posted: 13 Jan 2011 11:55 AM PST Rarely have I seen a greater dichotomy between the dangers looming for traditional investments and the amazing opportunities in a wide variety of alternative investments! But first let's talk about the three immediate danger signs: Danger Sign #1 This debt crisis is very different from the sovereign debt crisis we warned you about last year, which struck Greece and Ireland … and is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 11:35 AM PST Dow AgroSciences, a subsidiary of Dow Chemical Co. (NYSE:DOW), and E.I. Du Pont De Nemours & Co.'s (NYSE:DD) Pioneer Hi-Bred finally settled their dispute over the marketing of certain corn seed products sold through Pioneer. As part of the resolution, Pioneer will continue to distribute products through its PROaccess unit but with modified packaging.
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| Hot Option Plays: Two Biggies Due To Report Earnings Posted: 13 Jan 2011 11:18 AM PST Cusick's Corner
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| Forex – EUR/USD Up During The U.S. Session Posted: 13 Jan 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3353, up 1.69% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3383, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EIA Data Lifts Oil To 27-Month High Posted: 13 Jan 2011 11:10 AM PST The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in crude stockpiles, while gasoline and distillate supplies climbed steeply. Meanwhile, refinery run-rates were down from the previous week.
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| Posted: 13 Jan 2011 11:05 AM PST Wyndham Worldwide Corporation (NYSE:WYN), through its subsidiary Wyndham Hotel Group, is finally entering the Indian market. The hospitality company signed a franchise agreement with Tirupati Buildings & Offices Pvt. Ltd to open its first hotel in India.
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| Options Feeding Frenzy Ensues Ahead Of Earnings At Intel, JPMorgan Posted: 13 Jan 2011 10:51 AM PST Options feeding frenzy ensues ahead of earnings at Intel, JPMorgan
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| Merge Connecting With IConnect Posted: 13 Jan 2011 10:35 AM PST Recently, Merge Healthcare's (MRGE) iConnect has been selected by Radiology Associates of Sacramento (RAS), North California. iConnect is an interoperable platform that enables providers to view current and historical images and content, irrespective of the various ways of image storage.
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| Posted: 13 Jan 2011 10:35 AM PST The Trade Deficit fell in November to $38.31 billion from $38.42 billion in October. The fall in the trade deficit is good news for the economy. The trade deficit was also smaller than the $41.0 billion consensus expectation. On a year-over-year basis, the total trade deficit was up 8.6% from $35.27 billion a year ago. The trade balance has two major parts: trade in goods and trade in services. America's problem is always on the goods side; we actually routinely have a small surplus in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up During The U.S. Session Posted: 13 Jan 2011 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. AUD/USD was trading at 0.9993, up 0.27% at time of writing. The pair was likely to find support at 0.9804, Tuesday's low, and resistance at 1.0019, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Focused On Earnings…financials Are In Great Shape” Posted: 13 Jan 2011 10:25 AM PST 01/13/11 Seaport Securities’ Jason Weisberg weighs in on the latest market-moving fundamentals, and discusses execrations for Friday’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 10:05 AM PST We have recently upgraded our recommendation on Hudson City Bancorp Inc. (NASDAQ:HCBK) to Neutral.
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| Initial Jobless Claims Up Sharply Posted: 13 Jan 2011 10:05 AM PST Initial Claims for Unemployment Insurance rose by 35,000 last week to 445,000 (last week was also revised up by 1,000, so one could see it as a 36,000 increase). This was much worse than the expected level of 415,000. Could it be that the drop out of the trading range of the last month or so was all a mirage, just as the jump over 500,000 last summer proved to be? The massive drop during the Christmas week was clearly affected by some seasonal (and weather) factors. The overall direction of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up During The U.S. Session Posted: 13 Jan 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. NZD/USD was trading at 0.7692, up 0.71% at time of writing. The pair was likely to find support at 0.7562, Tuesday's low, and resistance at 0.7704, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Rebound Continues On Data, Economic Optimism Posted: 13 Jan 2011 05:00 AM PST 01/13/11 The euro currency has continued to rise this session following strong economic reports as well as growing optimism EU officials will enact measures to stem the regional debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Mixed At Close; Dax Up 0.09% Posted: 13 Jan 2011 09:55 AM PST Forex Pros – European stocks were mixed after the closing bell on Thursday. At the close of European trade, Germany's DAX rose 0.09%, London's FTSE 100 shed 0.44%, France's CAC 40 climbed 0.75% and the EURO STOXX 50 was up 1.27%. Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.15%; the S&P 500 index shed 0.00%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 09:35 AM PST The improving advertising performance at Meredith Corporation's (NYSE:MDP) National and Local Media groups, and increasing readership and online traffic have been benefiting the company's top and bottom line results.
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| CSC Closes Image Solutions Deal Posted: 13 Jan 2011 09:35 AM PST Yesterday, Computer Sciences Corp. (NYSE:CSC) wrapped up the acquisition of privately held information technology outsourcing company Image Solutions Inc. This marks Computer Sciences' progress in the health care industry. The acquisition was announced in December 2010. Financial terms of the deal were not disclosed.
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| UCLA Commerce Index Hits 30-Month High In Dec. Posted: 13 Jan 2011 09:35 AM PST Here’s another pretty new index for Carpe Diem, I’ve only reported on this once before, it’s the }Ceridian-UCLA Pulse of Commerce Index,” here a description: “The Ceridian-UCLA Pulse of Commerce Index (PCI) by UCLA Anderson School of Management is based on real-time fuel consumption data for over the road trucking and serves as an indicator of the current state and possible future direction of the U.S. economy. By tracking the volume and location of diesel fuel being purchased, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 09:23 AM PST (function ($) { $(“#ytplayer-4d2f41ca5f9ad”).ytplayer({source: “t0Wlxmo2idk”, height: 346, width: 616, autoplay: false, nativeControls: false, onReady: null}); })(jQuery); Summary: Today's session featured the European Central Bank and Bank of England decisions, and while there wasn't too much in the way of new surprises it gives us a good chance to take a look at why we have seen both the EUR and GBP rallying. Are these fundamental shifts … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Yields Recover From Hawkish Comments From Trichet Posted: 13 Jan 2011 09:19 AM PST Eurozone government bonds rallied following a second successful day of auctions that removed more of the recent pressure on governments thought likely to struggle to tap investors for cash in the capital markets. Central banks in Europe kept policy unchanged as expected but a cautious Jean-Claude Trichet kept bond investors on their toes as he suggested a worsening of the inflation climate.
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| Total U.S. Trade Reaches Two-Year High In Nov.; Get Ready For “Blowout Real GDP Growth” For Q4 Posted: 13 Jan 2011 09:08 AM PST According to today’s BEA report, total U.S. trade with the rest of the world (sales of U.S. products to consumers and firms in other countries PLUS purchases of foreign production by American consumers and businesses) reached $357.6 billion in November, the highest level in more than two years. Total trade in November was the highest level of total U.S. trade since October 2008, and is more than $100 billion and 45.4% above the April 2009 cyclical low of $246 billion (see chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FDA Panel Rejects LLY’s Candidate Posted: 13 Jan 2011 09:05 AM PST ecently, Eli Lilly and Company (NYSE:LLY) announced that the Gastrointestinal Drugs Advisory Committee of the US Food and Drug Administration (FDA) did not recommend the candidate- liprotamas’ approval . Eli Lilly is seeking approval for the candidate to treat patients suffering from pancreatic deficiencies (exocrine pancreatic insufficiency) which may arise due to causes such as cystic fibrosis – a serious genetic disorder. Exocrine pancreatic insufficiency results in improper digestion. While … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 09:05 AM PST Biogen Idec (NASDAQ:BIIB) recently provided an update on its pipeline and “Framework for Growth” program at the J. P. Morgan Healthcare Conference.
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| Posted: 13 Jan 2011 09:05 AM PST We recently downgraded our recommendation on Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, to Neutral with a price target of $46.00, following lower-than-expected first-quarter 2011 results. Earlier, we had an Outperform rating on the stock.
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| Forex – EUR/USD Up At The End Of European Session Posted: 13 Jan 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3361, up 1.75% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3376, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CAD’s Flag Pattern And Bearish Scenario Posted: 13 Jan 2011 08:58 AM PST USD/CAD - The 4H chart shows that since yesterday's break below the descending triangle support, we had a pullback. The latest 4H candle hints at completion of the pullback, and rejection of the USD/CAD from going back into the triangle.
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| Genesis Hikes Cash Distribution Posted: 13 Jan 2011 08:35 AM PST Houston-based partnership Genesis Energy LP (GEL) raised its fourth quarter 2010 cash distribution by 3.2% sequentially and 11.1% year over year to 40 cents per unit (or $1.60 per unit annualized). The new distribution – payable on February 14 to unitholders of record as on February 2, 2011 – is the twenty-second consecutive quarterly distribution increase by the pipeline operator.
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| Posted: 13 Jan 2011 08:21 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: Under Pressure Posted: 13 Jan 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 08:20 AM PST Trading Ideas
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| Legg Mason’s December AUM Rises Posted: 13 Jan 2011 08:15 AM PST Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a rise in its assets under management (AUM) in December following a fall in November. The company reported preliminary month-end AUM of $672.0 billion for December, up 0.6% from $667.7 billion at the end of the prior month. The decline primarily reflects a fall in fixed income AUM. The company posted around 1.3% decrease in AUM in November.
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| St. Jude’s Prelim 4Q Sales Tops Posted: 13 Jan 2011 08:15 AM PST Medical devices major St. Jude Medical (NYSE:STJ) reported preliminary sales data for fourth-quarter fiscal 2010. The company expects to report final results before the opening bell on January 26, 2011.
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| Plains Ups Distribution Yet Again Posted: 13 Jan 2011 08:15 AM PST Plains All American Pipeline LP (NYSE:PAA) continues its trend of cash distribution increase by announcing a quarterly cash distribution of 95.75 cents per unit on all of its outstanding limited partner units.
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| Cubist’s Q4 Preliminary Sales Down Posted: 13 Jan 2011 08:15 AM PST Cubist Pharmaceuticals Inc.'s (NASDAQ:CBST) preliminary revenues for the fourth quarter of 2010 declined 3% to $161.8 million due to the reduced sales of its antibiotic injection, Cubicin (daptomycin). Moreover, fourth quarter revenues were also hurt by the absence of service revenues pertaining to Cubist's marketing agreement with AstraZeneca plc (NYSE:AZN) involving AstraZeneca’s antibiotic Merrem. The deal came to an end in June last year. Preliminary fourth quarter revenues fell short of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Will AUD/USD Stay Below Parity? Posted: 13 Jan 2011 08:14 AM PST AUD/USD - AUD/USD is seen in the 4H chart with a strong rally that is now testing the 1.00 parity level. There was a crack in the US session, but the market has not accepted a break to close above. Instead, we might develop a candle with a strong tail that would suggest a bearish attempt is imminent.
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| MyPhone Sales Pushing Solid Group, Inc. (SGI) Higher Posted: 13 Jan 2011 08:01 AM PST Solid Group, Inc. or SGI in the Philippine Stock Exchange, the name behind the only Philippine-mobile phone brand MyPhone, pocketed PHP 2 billion in unit sales for the year 2010, reflecting a 9-fold sales increase from 2009. The company holds as much as 40% of the Philippines' mobile phone market and with the introduction of more affordable phones that are wifi-capable and the apparent improvement in consumer appetite, revenues for 2011 could even be rosier. SGI is also looking to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stalking GBP/JPY’s Rally With Elliott Wave Count Posted: 13 Jan 2011 07:50 AM PST GBP/JPY - GBP/JPY has followed a bullish wave count, and basically rallying in a channel, within a larger channel seen in the 4H chart.
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| Forex – Dollar Down Vs. Most Rivals After Surprise Jobless Claims Bump Posted: 13 Jan 2011 07:49 AM PST Forex Pros – The U.S. dollar was down against almost all of its major counterparts on Thursday, after a report showing that U.S. jobless claims rose unexpectedly last week sparked concerns that the recovery in the U.S. economy is not reaching the labor market. During early U.S. trade, the greenback was sharply lower against the euro, with EUR/USD jumping 1.57% to hit 1.3337. The single currency was boosted by successful Spanish and Italian bond sales earlier in the day and after European … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: GBPUSD Consolidating With A Positive Bias Posted: 13 Jan 2011 07:46 AM PST The GBPUSD has moved sharply higher today along with the general selling of the US dollar. On the 5 minute chart the price is moving up within a channel. The last hour or two has seen a slowing of the move higher. Nevertheless the price remains in the bullish channel. The bottom of the trendline should be watched as a stop/profit taking point for those who are long. That level comes in at the 1.5837 level currently. IF the price continues its trend higher, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: MRO, PEG, WSM Posted: 13 Jan 2011 07:43 AM PST 01/13/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Markets In Everything: Foreclosure Exorcisms Posted: 13 Jan 2011 07:39 AM PST Wall Street Journal — The foreclosure crisis has helped resurrect an ancient tradition: the house cleansing. Buyers are turning to witches, psychics, priests and feng shui consultants, among others, to bless or exorcise dwellings.Sellers, too, are adopting the trend to help move a property stuck on the market. In recent months, foreclosure and other distressed sales have represented about a third of all home sales, according to the National Association of Realtors. With so many … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Surges To 3-week High After Weak U.S Jobs Data Posted: 13 Jan 2011 07:36 AM PST Forex Pros – The pound extended earlier gains against the U.S. dollar on Thursday, surging to a three week high, after weak U.S. jobs data fuelled concerns that the economic recovery in the U.S. is not spreading to the labor market. GBP/USD hit 1.5859 during early U.S. trade, the pair's highest since December 14; the pair subsequently consolidated at 1.5844, gaining 0.51%. The pair was likely to find support at 1.5717, the days low and resistance at 1.591, the high of December 14. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Continues The March Higher Posted: 13 Jan 2011 07:34 AM PST The EURUSD continued its march to new highs above the 1.3350 level. The next target is 1.3361. Support on the bottom trendline at1.3318. On the hourly chart the 1.3321 area was a floor/ceiling area in the end of December/early … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Hits 7-day High After U.S. Jobs Data, Euro Debt Sales Posted: 13 Jan 2011 07:23 AM PST Forex Pros – The euro extended earlier gains against the broadly weaker U.S. dollar on Thursday, after data showing that U.S. jobless claims rose unexpectedly last week fuelled concerns that the U.S. recovery is not extending to the labor market. EUR/USD hit 1.3338 during early U.S. trade, the pair's highest since January 4; the pair subsequently consolidated at 1.3324, jumping 1.47%. The pair was likely to find support at 1.3089, the days low and resistance at 1.3433, the high of January … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FX Levels And Outlooks 1.13.2011 – EUR/JPY Completes Equality Wave Projection Posted: 13 Jan 2011 07:22 AM PST EUR/JPYResistance 110.20 cracked; 111.60-111.90 (61.8% retracement) -EUR/JPY's rally is impressive. While the possibility of retesting the highs near 115.50 is possible, the market is still within the context of a consolidation, although this week's rally could be the first kick to the rally.
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| US Trade Deficit Hits Lowest Point In 10 Months Posted: 13 Jan 2011 02:10 AM PST 01/13/11 The Commerce Department says that the trade deficit narrowed to $38.3 billion in November, its lowest point in 10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Stocks Decline As Jobless Claims Climb; Dow Jones Sheds 0.30% Posted: 13 Jan 2011 07:07 AM PST Forex Pros – U.S. stocks were down after the open on Thursday, as market sentiment was weighed after official data showed that the number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly to the highest level in two months. During early U.S. trade, the Dow Jones Industrial Average shed 0.30%; the S&P 500 index fell 0.34%, while the Nasdaq Composite index was down 0.17%. Earlier in the day, official data showed that the number of individuals filing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Continues Higher Posted: 13 Jan 2011 07:03 AM PST |
| US Data Mixed; More Jobless Claims Meets Better Trade Report, What’s That Mean For US Economy, USD? Posted: 13 Jan 2011 06:55 AM PST Jobless Claims Dissapoint, Jump Back Up to 445K
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| FX Levels And Outlooks 1.13.2011 – Stalking GBP/USD’s New Bull Run With Elliott Wave Count Posted: 13 Jan 2011 06:55 AM PST GBP/USDResistance 1: 1.5880-1.5935 (150-161.8% fibo projection-61.8% retracement) - The day chart shows the GBP/USD breaking above a declining wedge or channel this week. The market remains bullish in the short-term and neutral in the intermediate term according to the RSI which has not tagged above 70 or below 30, suggesting a choppy but neutral market. The current RSI is above 60, which means it is bullish in the short-term.
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| Forex Trading: EURUSD Tests Next Target And Finds Sellers Posted: 13 Jan 2011 06:41 AM PST The EURUSD broke above trendline resistance and moved to the next target at the 1.3321 level. The sharp move to the upside seems to have found a reason to pause but the bias remains in tact if the price can remain above the upper channel trendline which comes in currently around the 1.3275-80 area. A move back within the channel should indicate a tired market and likely consolidation with a bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FX Levels And Outlooks 1.13.2011 – USD/JPY Wave Count Suggests Rally To Come Soon Posted: 13 Jan 2011 06:32 AM PST USD/JPYResistance 1: 83.70; R2: 83.50 - The USD/JPY is in a correction after last week's rally which was in a bullish impulse wave. The decline this week has been in the form of a correction. The correction has expanded and is possibly on the (c) wave.
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| Eurozone Auctions Spur Recovery For Euro Posted: 13 Jan 2011 06:31 AM PST The euro has clawed its way back to where it was one week ago as investors grow more optimistic that the governments across the Eurozone are committed sufficiently enough to safeguard the survival of fellow nations. A second successful day of bond auctions also proved to be a lower hurdle than had been expected with investors happy enough to pour the maximum amount of money into government coffers in exchange for riskier paper. A deterioration in weekly initial claims in the U.S. has set off a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FX Levels And Outlooks 1.13.2011 – EUR/USD Posted: 13 Jan 2011 06:19 AM PST EUR/USD Paring Most of Last Week's DeclineResistance 1: 1.34; R2: 1.35; R3: 1.3750 (61.8% retracement) - The EUR/USD is still consolidating when we look at the daily chart. Last week's sharp decline is followed by a sharp retracement.
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| Forex – USD/CAD Pares Gains After Jobless Claims Climb Unexpectedly Posted: 13 Jan 2011 06:15 AM PST Forex Pros – The U.S. dollar pared gains against its Canadian counterpart on Thursday, following government data showing that U.S. initial jobless claims rose unexpectedly last week. USD/CAD retreated from 0.9908, the daily high to hit 0.9888 during European afternoon trade, gaining 0.32%. The pair was likely to find support at 0.9847, Wednesday's low and a 31 month low and resistance at 0.9908, the day's high. The U.S. Department of Labor said that said initial jobless claims rose to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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