DailyMarkets.com - Be Wary Of Rosy Outlooks For 2011 … And Profit Along The Way!

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• Be Wary Of Rosy Outlooks For 2011 … And Profit Along The Way!
• Hot Stocks To Watch On Tuesday: Apple, IBM, BP, Shell, Rio Tinto, RBS, Santander
• Mortgage Delays Due To IRS – Who Will Suffer?
• German ZEW Economic Sentiment Surges In January
• Forex – GBP/USD Extends Gains On Better-than-expected CPI Data
• U.K. Consumer Price Inflation Rises Unexpectedly In December
• Forex – USD/CHF Tumbles To 9-day Low As Intervention Looks Unlikely
• European Stocks Rise Ahead Of EcoFin Meeting; DAX Up 0.75%
• Cummins Showers Fund, Blooms India
• Forex – Dollar Down Across The Board Ahead Of Euro Finance Meeting
• Forex – GBP/USD Surges 8-week High After Upbeat Consumer Data
• Forex – USD/JPY Close To 2-week Low As U.S. Markets Set To Re-open
• Cummins Showers Fund, Blooms India
• Forex – NZD/USD Edges Up But Gains Capped Ahead Of EU Meeting
• Asia Stocks Advance As Chipmakers Rise; Nikkei Up 0.15%
• Forex – AUD/USD Climbs To 2-day High On Chinese Growth Hopes
• Forex – EUR/USD Moves Higher But Doubts Remain Over Rescue Plan
• U.K. Nationwide Consumer Confidence Rises More-than-expected
• Growth & Income Stock: Expedia, Inc.
• Aggressive Growth Stock: PolyOne Corp
• Bull Of The Day: Transdel Pharmaceuticals, Inc.
• Momentum Stock: Souther Copper Corp.
• Bear Of The Day: Strayer Education, Inc.
• Silver Elliott Wave Count 1.18.2011
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up During The Asian Session
• Forex – EUR/CHF Down During The Asian Session
• Forex – USD/CHF Down During The Asian Session
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During The Asian Session
• Crude Oil Falls As Alaska Pipeline Restarts, Gold Tests Support Near $1360
• Forex – USD/CAD Down During The Asian Session
• Remembering China
• U.S. Schools Are Still Ahead—Way Ahead
• Forex – AUD/USD Down During The Asian Session
• Sense On Cents Media Appearances
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During The Asian Session

Be Wary Of Rosy Outlooks For 2011 … And Profit Along The Way! Posted: 18 Jan 2011 03:35 AM PST Last year Byron Wien, the former Morgan Stanley strategist, former billion-dollar hedge fund strategist, current Vice-Chairman of Blackstone and highly touted market prognosticator predicted 2010 would be a V-shaped recovery for the U.S. economy. He was wrong … He expected 5 percent GDP growth for 2010. Instead we got a Fed-induced 2.5 percent. He also predicted the 10-year yield would rise to 5.5 percent. It rose to 4 percent then fell to 2.3 percent, before rising back to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Watch On Tuesday: Apple, IBM, BP, Shell, Rio Tinto, RBS, Santander Posted: 18 Jan 2011 03:08 AM PST Rio Tinto (NYSE:RIO) – Co. posted a 6% rise in iron ore production in the fourth quarter powered by Chinese demand, but said coal production suffered after flood-related disruptions in Australia. (RTRS) UK Shell/BP – Shell (RDS-A) and BP (NYSE:BP) will propose to South Africa's energy minister next month that the state purchases a stake in their jointly-owned refinery, Sapref. (Business Report) SABMiller – Co. said Q3 organic basis lager volumes for the third quarter were 3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mortgage Delays Due To IRS – Who Will Suffer? Posted: 18 Jan 2011 03:01 AM PST "I heard that mortgage underwriters are checking with the IRS to verify our income.  Current year returns haven't been processed yet.  This is delaying approval of mortgages.  Right?" asked Nacine. I had just received this call from Nacine and I had zero information about her situation.  I told her that I would be more than happy to answer her question.  And would she mind sharing with me what prompted the question. She was in a hurry.  Nacine was getting ready to place an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German ZEW Economic Sentiment Surges In January Posted: 18 Jan 2011 02:09 AM PST Forex Pros – German economic sentiment rose significantly more-than-expected in January, increasing for a third month, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment soared to 15.4 in January, after rising to 4.3 in December. Analysts had expected the index to rise to 6.3 in January. On the index, a level above 0.0 indicates optimism; a level below 0.0 indicates pessimism. Commenting on the report, ZEW President … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Extends Gains On Better-than-expected CPI Data Posted: 18 Jan 2011 02:00 AM PST Forex Pros – The pound extended earlier gains against the U.S. dollar on Tuesday, soaring to a fresh eight week high after data showing British consumer price inflation rose more than expected in December fuelled expectations for an interest rate hike. GBP/USD hit 1.6058 during European morning trade, the pair's highest since November 22; the pair subsequently consolidated at 1.6041, jumping 0.97%. Cable was likely to find support at 1.5876, the days low and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Consumer Price Inflation Rises Unexpectedly In December Posted: 18 Jan 2011 01:39 AM PST Forex Pros – Consumer price inflation in the U.K. rose unexpectedly in December, jumping to the highest level since April 2010, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation was a seasonally adjusted 3.7% in December, up from 3.3% in November. Analysts had expected consumer price inflation to remain unchanged at 3.3% in December. The rate of inflation was significantly higher than the Bank of England's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Tumbles To 9-day Low As Intervention Looks Unlikely Posted: 18 Jan 2011 01:35 AM PST Forex Pros – The Swiss franc surged to a nine day high against the U.S. dollar on Tuesday, as it appeared unlikely that the Swiss National Bank would resume currency intervention to curb the currency's steep gains. USD/CHF hit 0.9558 during European morning trade, the pair's lowest since January 5; the pair subsequently consolidated at 0.9556, tumbling 0.73%. The pair was likely to find support at 0.9767, the low of January 5 and resistance at 0.9652, the days high. On Friday, a crisis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Rise Ahead Of EcoFin Meeting; DAX Up 0.75% Posted: 18 Jan 2011 01:32 AM PST Forex Pros – European stock markets were broadly higher on Tuesday ahead of a meeting of euro zone finance ministers in Brussels, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 jumped 0.94%, France's CAC 40 advanced 0.68%, while Germany’s DAX was up 0.75%. Shares in the financial sector performed strongly ahead of a meeting of finance ministers from all 27 euro zone nations due to be held later on Tuesday. Shares in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cummins Showers Fund, Blooms India Posted: 18 Jan 2011 01:05 AM PST Cummins Inc. (NYSE:CMI) plans to more than triple its investment in India to $500 million by 2015 from $150 million allocated so far. The company has already invested $110.2 million of the allocated amount in its Phaltan manufacturing site near Pune. The Phaltan site manufactures diesel and gas engines of various capacities to cater to the power, industrial and automotive markets in India, U.S. and Europe. The investment helped the company upgrade its range of products to include high horsepower … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Across The Board Ahead Of Euro Finance Meeting Posted: 18 Jan 2011 01:04 AM PST Forex Pros – The U.S. dollar was down against all of its major counterparts on Tuesday, ahead of a meeting of European Union finance ministers due to be held later in the day. During European morning trade, the greenback was down against the euro, with EUR/USD advancing 0.74% to hit 1.3392. Finance ministers from all 27 European Union nations were to meet later Tuesday, after a meeting of euro-zone finance ministers on Monday evening. The greenback was also down against sterling with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Surges 8-week High After Upbeat Consumer Data Posted: 18 Jan 2011 12:34 AM PST Forex Pros – The pound surged to a fresh eight week high against the broadly weaker U.S. dollar on Tuesday, boosted by data showing improving U.K. consumer confidence and ahead of the release of key U.K. inflation data. GBP/USD hit 1.5975 in early European trade, the pair's highest since November 22; the pair subsequently consolidated at 1.597, gaining 0.53%. Cable was likely to find support at 1.5876, the days low and resistance at 1.6083, the high of November 22. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Close To 2-week Low As U.S. Markets Set To Re-open Posted: 18 Jan 2011 12:22 AM PST Forex Pros – The U.S. dollar was trading close to a two week low against the yen on Tuesday, as investors awaited the re-opening of U.S. markets later in the day, following a three day break. USD/JPY hit 82.44 during late Asian trade, the daily low; the pair subsequently consolidated at 82.51, shedding 0.19%. The pair was likely to find short-term support at 82.34, Monday's low and a two week low and resistance at 83.00, Monday's high. U.S. financial markets were closed Monday for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cummins Showers Fund, Blooms India Posted: 18 Jan 2011 12:05 AM PST Cummins Inc. (NYSE:CMI) plans to more than triple its investment in India to $500 million by 2015 from $150 million allocated so far. The company has already invested $110.2 million of the allocated amount in its Phaltan manufacturing site near Pune. The Phaltan site manufactures diesel and gas engines of various capacities to cater to the power, industrial and automotive markets in India, U.S. and Europe. The investment helped the company upgrade its range of products to include high horsepower … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Edges Up But Gains Capped Ahead Of EU Meeting Posted: 17 Jan 2011 11:56 PM PST Forex Pros – The New Zealand dollar was slightly higher against its U.S. counterpart on Tuesday, but gains were capped ahead of a meeting of European Union finance ministers due to be held later in the day. NZD/USD hit 0.7736 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7725, gaining 0.02%. The pair was likely to find support at 0.767, Monday's low and resistance at 0.7746, Monday's high and a two week high. Earlier in the day, data showed that house … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Advance As Chipmakers Rise; Nikkei Up 0.15% Posted: 17 Jan 2011 11:53 PM PST Forex Pros – Asian stocks were broadly higher on Tuesday, as shares in the technology sector performed strongly, while shares in Japanese steelmakers declined amid speculation their earnings will disappoint. During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.14%, South Korea’s Kospi Composite shed 0.16%, while Japan's Nikkei 225 Index was up 0.15%. In Japan, shares in chip makers outperformed after the Nikkei newspaper reported that Japanese companies plan to raise prices of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Climbs To 2-day High On Chinese Growth Hopes Posted: 17 Jan 2011 11:39 PM PST Forex Pros – The Australian dollar was higher against its U.S. counterpart on Tuesday, boosted by reports of robust growth in China, the country's largest trading partner. AUD/USD hit 0.999 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 0.9977, gaining 0.4%. The pair was likely to find support at 0.9892, the day's low and resistance at 1.0019, Thursday's high and a six day high. The Aussie's gains came after the state-run China … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Moves Higher But Doubts Remain Over Rescue Plan Posted: 17 Jan 2011 11:25 PM PST Forex Pros – The euro advanced against the U.S. dollar on Tuesday, but gains were limited as doubts remained over whether European Union finance ministers would agree to expand the euro zone rescue fund this week. EUR/USD hit 1.3363 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3362, gaining 0.53%. The pair was likely to find support at 1.3243, Monday's low and resistance at 1.3449, last Friday's high and a one month high. Euro zone finance ministers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Nationwide Consumer Confidence Rises More-than-expected Posted: 17 Jan 2011 11:19 PM PST Forex Pros – The U.K.'s Nationwide consumer confidence index rose more-than-expected in December, industry data showed on Tuesday. In a report, the Nationwide Building Society said that its consumer confidence index rose to a seasonally adjusted 53.0, up from 45.0 in November, which was the lowest reading since March 2009. Analysts had expected the Nationwide consumer confidence index to rise to 49.0 in December. Commenting on the report, Robert Gardner, Nationwide’s chief economist, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Expedia, Inc. Posted: 17 Jan 2011 11:05 PM PST As the economic outlook continues to improve and less consumers take “staycations” and opt instead for real vacations, Expedia, Inc. (NASDAQ:EXPE) continues to deliver solid results. Although competitor priceline.com (NASDAQ:PCLN) might be grabbing all the headlines these days (it is up more than 140% since July 1), Expedia has quietly delivered three consecutive positive earnings surprises. This has prompted analysts to revise their earnings estimates higher, leading to a Zacks #2 Rank (Buy). The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: PolyOne Corp Posted: 17 Jan 2011 11:05 PM PST PolyOne Corp (NYSE:POL) reported yet another earnings surprise and continues to focus on acquisitions to strengthen its global presence. Thanks to continuously rising estimates, forecasts are projecting the highest EPS figures in 5 years for this Zacks #1 Rank (Strong Buy). Company Description PolyOne is a specialty polymer materials and service company. It operates around the world but is headquartered in Ohio. 5th Consecutive Surprise On Nov 4 PolyOne reported third-quarter results that included … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Transdel Pharmaceuticals, Inc. Posted: 17 Jan 2011 11:05 PM PST On September 2, 2010, Transdel (TSDL) presented the full data from the company s phase III program studying Ketotransdel vs. placebo in 364 patients with acute soft tissue pain. Results demonstrate a statistically significant advantage for the company s drug, as well as excellent safety and pharmacokinetics. Next up for the company is to conduct a second and third phase 3 program in 2011. We value Transdel at approximately $2 per share. We arrive at this target by conducting a discounted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Souther Copper Corp. Posted: 17 Jan 2011 11:05 PM PST Southern Copper Corp. (SCCO) is worth its weight in copper, fresh off a new all-time high above $50 as copper prices continue to surge. With a bullish next-year estimate and attractive valuation, this Zacks #1 rank stock is more than change in momentum’s pocket. Company Description Southern Copper Corp. is one of the world’s largest copper companies, with operations in Peru, Mexico and Chile and a market cap of $44 billion. The company has been in business since 1952 and is based out of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Strayer Education, Inc. Posted: 17 Jan 2011 11:05 PM PST Strayer Education, Inc. (NASDAQ:STRA) reported a 20% fall in new student enrollment for the winter 2011 term. The company now projects that if annual enrollment drops 5%, its revenue may remain flat or fall 1% and fiscal 2011 earnings may lie between $7.50 and $7.70 per share. This in sharp contrast to what management had predicted previously. Earlier, the company had forecast a rise in enrollment by 13%, revenue between 17% and 18% and earnings in the range of $11.30 to $11.50 per share. Following … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Elliott Wave Count 1.18.2011 Posted: 17 Jan 2011 10:24 PM PST Silver - The 1H Chart shows a market. that might be attempting a correction rally to the decline that started on Jan. 11. - The RSI has a bullish divergence, but could still be providing a negative reversal (higher RSI top, lower price top, suggesting another bearish attempt). - The count could have completed a wave 1 to a wave C. We may be in wave 2 in the European session. We should anticipate resistance and topping between the 38.2% and 50% retracement levels.  We can than check to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 17 Jan 2011 10:20 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3307, up 0.10% at time of writing. The pair was likely to find support at 1.3089, Thursday's low, and resistance at 1.3456, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8352 and EUR/JPY falling 0.02% 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: 17 Jan 2011 10:08 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5940, up 0.33% at time of writing. The pair was likely to find support at 1.5719, Thursday's low, and resistance at 1.5954, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8352 and GBP/JPY rising 0.15% 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: 17 Jan 2011 09:20 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.2790, down 0.27% at time of writing. The pair was likely to find support at 1.2687, Thursday's low, and resistance at 1.2952, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.3310 and EUR/JPY falling 0.05% 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: 17 Jan 2011 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9608, down 0.41% at time of writing. The pair was likely to find support at 0.9602, today's low, and resistance at 0.9764, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.19% to hit 1.3319 and USD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session Posted: 17 Jan 2011 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Tuesday. EUR/GBP was trading at 0.8352, down 0.19% at time of writing. The pair was likely to find support at 0.8313, Thursday's low, and resistance at 0.8498, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.09% to hit 1.3306 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: 17 Jan 2011 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 82.60, down 0.10% at time of writing. The pair was likely to find support at 82.36, Monday's low, and resistance at 83.15, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.08% to hit 1.3283 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Falls As Alaska Pipeline Restarts, Gold Tests Support Near $1360 Posted: 17 Jan 2011 07:20 PM PST Commodities – Energy Crude Oil Falls as Alaska Pipeline Restarts Crude Oil (WTI) – $90.83 // $0.71 // 0.78% Commentary: WTI is falling under $91 and Brent is unchanged near $97.43 as volume remains light following the MLK holiday in the U.S. Pit trading resumes on Tuesday, when we can expect the first settlement since last Friday. Alyeska, operator of the Trans-Alaska Pipeline said that it has completed repairs to the line and that it is once again operational. It expects output to reach … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session Posted: 17 Jan 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9868, down 0.03% at time of writing. The pair was likely to find support at 0.9855, Thursday's low, and resistance at 0.9978, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.12% to hit 1.3278 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Remembering China Posted: 17 Jan 2011 06:53 PM PST The visit of China's President Hu Jintao reminds me of my first trip to mainland China in 2003, shortly after he took office. I was invited to represent the Fed at a government sponsored conference in Beijing, and several attendees were invited to meet with the new President in the Great Hall. We sat in a semi-circle around the President and took turns, one by one, as he asked us for our advice. A professor from Harvard sitting next to me expressed his concern, which he had expressed in more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Schools Are Still Ahead—Way Ahead Posted: 17 Jan 2011 06:33 PM PST From Duke/Harvard/Berkeley professor Vivek Wahwa, writing in Bloomberg; “The independence and social skills American children develop give them a huge advantage when they join the workforce. They learn to experiment, challenge norms, and take risks. They can think for themselves, and they can innovate. This is why America remains the world leader in innovation; why Chinese and Indians invest their life savings to send their children to expensive U.S. schools when they can. India and China are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 17 Jan 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9910, down 0.29% at time of writing. The pair was likely to find support at 0.9857, Friday's low, and resistance at 1.0019, Thursday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.11% to hit 1.3393 and AUD/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sense On Cents Media Appearances Posted: 17 Jan 2011 06:22 PM PST I believe one of the highest hurdles we have to elevating the level of 'sense on cents' within our nation is the very fact that we live 'in the moment and for the moment.' How can we achieve a greater sense of perspective on the shortcomings and failings we have had in the past so we can recognize them in the future? Perhaps even more importantly, how can we be simply be more aware of past failings so we can more effectively navigate the economic landscape? Should we rely strictly on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 17 Jan 2011 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3278, down 0.12% at time of writing. The pair was likely to find support at 1.3089, Thursday's low, and resistance at 1.3456, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.30% to hit 0.8342 and EUR/JPY falling 0.26% 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: 17 Jan 2011 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Tuesday. EUR/JPY was trading at 109.64, down 0.25% at time of writing. The pair was likely to find support at 108.69, Thursday's low, and resistance at 110.99, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.17% to hit 1.3271 and EUR/GBP falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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