DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

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• Forex – GBP/JPY Down During The Asian Session
• The Day Ahead: FOMC Minutes, US Factory Orders
• Forex – NZD/USD Down During The Asian Session
• Hot Option Plays: Market Is Extended
• Stock Picks For Tuesday, January 04
• Global Manufacturing: Strong Year-End Growth
• The Big Lie
• Forex – EUR/USD Down At The End Of U.S. Session
• Who Wants To Win The (LOTO)?
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Closing Bell Market Monitor: BAC, AA, CLX
• Construction Spending Rises For Third Consecutive Month
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 0.81%
• Social Network: Tech Bubble 2.0?
• Daily US Dollar Index Roundup
• Forex – GBP/USD Down During The U.S. Session
• Byron Wien Announces “The Ten Surprises For 2011″
• POSCO Progress On Chile Project
• Hot Option Plays: May Be Running Out Of Bulls
• Forex Trading: USDJPY Tests 100 Hour MA And Looks To Test Days Highs
• Forex – EUR/USD Down During The U.S. Session
• Forex – AUD/USD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – USD/CAD Down During The U.S. Session
• Forex – EUR/USD Down During The U.S. Session
• Vale’s Extraordinary Dividend
• WPPGY Acquires Blue State Digital

Forex – GBP/JPY Down During The Asian Session Posted: 03 Jan 2011 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday. GBP/JPY was trading at 126.52, down 0.05% at time of writing. The pair was likely to find support at 125.51, Thursday's low, and resistance at 127.02, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.08% to hit 1.5476 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: FOMC Minutes, US Factory Orders Posted: 03 Jan 2011 04:00 PM PST 01/04/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session Posted: 03 Jan 2011 03:50 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday. NZD/USD was trading at 0.7734, down 0.01% at time of writing. The pair was likely to find support at 0.7548, Wednesday's low, and resistance at 0.7814, Friday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.01% to hit 1.3142 and EUR/NZD falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Market Is Extended Posted: 03 Jan 2011 03:19 PM PST Cusick's Corner This bullish market still has low volatility and is extended, so strategically traders may want to participate in this environment using spreads. Many bulls are potentially looking to buy at-the-money spreads, because the volatility is relatively cheap, and they do not have to lay out as much cash versus buying the stock outright (check out the Bullish BAC activity in the Midday). To further mitigate the premium risk, also consider selling out-of-the money call spreads. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Tuesday, January 04 Posted: 03 Jan 2011 02:58 PM PST Happy New Year Investors ! It's time to kick-start 2011 with new trade Ideas for the coming trading session. ( click to enlarge ) Ciena Corporation (NASDAQ:CIEN) was a big winner today. The price of the stock closed up $0.66, a 3.14% increase. During the trading day, over 3.7 million shares of Ciena’s were traded. The stock seems to have broken out of a three-week trading range in the $21 area. I feel that there will be a continuation move tomorrow, but I want to see it break through a big … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Manufacturing: Strong Year-End Growth Posted: 03 Jan 2011 02:54 PM PST Wall Street Journal — “Global manufacturing ended the year on a strong note, according a global purchasing managers' index released by J.P. Morgan Chase and Markit. The JPMorgan global PMI hit a six-month high of 55 in December from 53.9 the prior month. Any reading above 50 indicates expansion. The expansion was broad based led by the U.S. and the euro zone. China also continued to expand, though at a slightly slower rate. Only Japan and Greece were in contractionary territory.” MP: Note … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Big Lie Posted: 03 Jan 2011 02:30 PM PST Republicans are telling Americans a Big Lie, and Obama and the Democrats are letting them. The Big Lie is our economic problems are due to a government that's too large, and therefore the solution is to shrink it. The truth is our economic problems stem from the biggest concentration of income and wealth at the top since 1928, combined with stagnant incomes for most of the rest of us. The result: Americans no longer have the purchasing power to keep the economy going at full capacity. Since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session Posted: 03 Jan 2011 01:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3359, down 0.22% at time of writing. The pair was likely to find support at 1.3085, Wednesday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.59% to hit 0.8627 and EUR/JPY rising 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Who Wants To Win The (LOTO)? Posted: 03 Jan 2011 01:53 PM PST Pacific Online Systems Corporation or LOTO in the Philippine Stock Exchange is engaged in the business of developing and managing online systems for the Philippine gaming industry. It also leases to the Philippine Charity Sweepstakes Office (PCSO) an on-line lottery equipment and accessories for the PCSO's lottery operations in Visayas and Mindanao. For the first 3 quarters of 2010, the company already racked up P220 million in net income, up by 8% from the same period of 2009. With the 6/55 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 03 Jan 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 81.71, up 0.68% at time of writing. The pair was likely to find support at 80.94, Monday's low, and resistance at 82.37, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.24% to hit 1.3356 and GBP/USD falling 0.81% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: BAC, AA, CLX Posted: 03 Jan 2011 01:34 PM PST 01/03/11 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Construction Spending Rises For Third Consecutive Month Posted: 03 Jan 2011 08:30 AM PST 01/03/11 According to the Commerce Department, construction spending in November rose 0.4%, more than analyst … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 03 Jan 2011 01:25 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3353, down 0.26% at time of writing. The pair was likely to find support at 1.3085, Wednesday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.59% to hit 0.8626 and EUR/JPY rising 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Higher; Dow Jones Up 0.81% Posted: 03 Jan 2011 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Monday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.81%, the S&P 500 index gained 1.13%, while the Nasdaq 100 index climbed 1.64%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 2.53%; Germany's DAX gained 1.09%; Britain's FTSE 100 declined 1.19%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Social Network: Tech Bubble 2.0? Posted: 03 Jan 2011 01:07 PM PST Talk about another internet bubble. New York Times broke the news on Jan. 2 that Facebook, the social network website, was able to get $500 million in funding–$450 million from Goldman Sachs and $50 million from Digital Sky Technologies, a Russian investment firm that has already pumped about half a billion dollars into Facebook. But the real eye popping fact is that this latest deal values Facebook at $50 billion. That's right, $50 billion, which is more than the current market cap … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Daily US Dollar Index Roundup Posted: 03 Jan 2011 12:49 PM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The U.S. Session Posted: 03 Jan 2011 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.5483, down 0.82% at time of writing. The pair was likely to find support at 1.5353, Wednesday's low, and resistance at 1.5664, Friday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.64% to hit 0.8630 and GBP/JPY falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Byron Wien Announces “The Ten Surprises For 2011″ Posted: 03 Jan 2011 12:42 PM PST Byron Wien, Vice Chairman of Blackstone Advisory Partners, yesterday issued his list of "The Ten Surprises for 2011″. This is the 26th year Byron has given his predictions of a number of economic, financial market and political Surprises for the coming year. Byron defines a "surprise" as an event which the average investor would only assign a one out of three chance of taking place but which he believes is "probable", having a better than 50% likelihood of happening. Byron started … [visit site to read more] or compare Best Credit Cards and Best CD Rates

POSCO Progress On Chile Project Posted: 03 Jan 2011 12:35 PM PST POSCO (NYSE:PKX) recently announced the successful completion of Plant 1 synchronization of the Angamos coal fired plant (capacity 520 MW) by POSCO E&C. Synchronization involves delivery and connection of the existing power with the existing system through transmission lines. The Angamos plant, currently under construction in Chile, is POSCO E&C's second overseas construction project after the Ventanas power plant and involves construction of two plants each with 260 MW capacities. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: May Be Running Out Of Bulls Posted: 03 Jan 2011 12:19 PM PST Cusick's Corner Happy 2011 and boy does this market seem happy. This is the time when you really need to be on your toes, do not get complacent. Market sentiment is not a timing tool, but rather a tool to help us gauge the progress of a trend and monitor if a trend is getting a little extreme. In a strong trend these indicators can stay at extremes for awhile and the last time that we had action like this was in late 2009 into 2010. This is why I have been advocating the need to watch the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Tests 100 Hour MA And Looks To Test Days Highs Posted: 03 Jan 2011 12:11 PM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3387, down 0.01% at time of writing. The pair was likely to find support at 1.3085, Wednesday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.75% to hit 0.8640 and EUR/JPY rising 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0206, down 0.24% at time of writing. The pair was likely to find support at 1.0091, Wednesday's low, and resistance at 1.0255, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.24% to hit 1.3118 and AUD/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9900, down 0.83% at time of writing. The pair was likely to find support at 0.9888, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3387 and GBP/USD falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session Posted: 03 Jan 2011 12:09 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3387, down 0.01% at time of writing. The pair was likely to find support at 1.3085, Wednesday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.75% to hit 0.8640 and EUR/JPY rising 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vale’s Extraordinary Dividend Posted: 03 Jan 2011 12:05 PM PST Brazilian miner Vale S.A. (VALE) proposed to pay an extraordinary dividend of $1.0 billion or $0.19 per share with the record date of January 14, 2011. The holders of ADRs and Hong Kong Depositary Receipts (HDRs) will have the record dates as of January 19, 2011. However, the decision is pending for approval on January 14, 2011. In the fourth quarter of fiscal 2010, Vale authorized the buy-back of 64.8 million common shares and 98.4 million preferred shares for a total amount of $2 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WPPGY Acquires Blue State Digital Posted: 03 Jan 2011 12:05 PM PST Advertising titan WPP plc (NASDAQ:WPPGY) through its operating company WPP Digital, acquired the entire assets of US-based Blue State Digital LLC. The company also acquired all the share capital of Blue State Digital's United Kingdom subsidiary. Blue State Digital specializes in online fundraising, advocacy, social networking and constituency development programs. The agency primarily works for non-profit, educational and cultural organisations, political entities and corporate clients. Blue State … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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