DailyMarkets.com - Forex – AUD/USD Down On Economic Data

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• Forex – AUD/USD Down On Economic Data
• Forex – EUR/JPY Up During The Asian Session
• Australian Retail Sales Rise Less-than-expected
• ETF News Update: Ludwig Von Mises And The Crack Up Boom
• Forex – GBP/JPY Down During The Asian Session
• Forex – NZD/USD Down During The Asian Session
• Time For Caution On Commodities

Forex – AUD/USD Down On Economic Data Posted: 06 Feb 2011 05:05 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Retail Sales. AUD/USD was trading at 1.0123, down 0.15% at time of writing. The pair was likely to find support at 1.0056, Wednesday's low, and resistance at 1.0200, Friday's high. Earlier in the day, official data showed that Retail sales in Australia rose less-than-expected to a seasonally adjusted 0.20% last month from 0.30% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session Posted: 06 Feb 2011 05:00 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Monday. EUR/JPY was trading at 111.69, up 0.07% at time of writing. The pair was likely to find support at 110.78, Friday's low, and resistance at 112.92, 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 1.3578 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Retail Sales Rise Less-than-expected Posted: 06 Feb 2011 04:45 PM PST Retail sales in Australia rose less-than-expected last month, official data showed on Monday. In a report, Australian Bureau of Statistics said that Australian retail sales rose to a seasonally adjusted 0.20%, from 0.30% in the preceding month. Analysts had expected Australian retail sales to rise 0.50% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ETF News Update: Ludwig Von Mises And The Crack Up Boom Posted: 06 Feb 2011 04:09 PM PST  In recent days, the term "crack up boom" has been getting widespread media attention and, not being familiar with its origin, I did a little homework and found that the term apparently originated with Ludwig von Mises (1881-1973) who was a noted member of the Austrian School of Economics and author of "The Theory of Money and Credit," and "Human Action."  In his writings, Ludwig argued in favor of free markets, capitalism and individual freedom and warned against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session Posted: 06 Feb 2011 03:55 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Sunday. GBP/JPY was trading at 132.36, down 0.02% at time of writing. The pair was likely to find support at 130.94, Friday's low, and resistance at 132.95, Thursday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.08% to hit 1.6096 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session Posted: 06 Feb 2011 02:50 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday. NZD/USD was trading at 0.7697, down 0.04% at time of writing. The pair was likely to find support at 0.7668, Friday's low, and resistance at 0.7825, Wednesday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.06% to hit 1.3175 and EUR/NZD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time For Caution On Commodities Posted: 06 Feb 2011 11:40 AM PST Commodities are a very volatile asset class and unlike stocks, high prices will reduce demand while low prices will reduce production and supply. While buying breakouts and momentum in stocks often works well with the right risk controls, buying weakness rather than strength is more advisable in Commodities. The continuous commodity index (CCI) recently hit an all-time high and has continued to make new highs. The energy and agriculture sectors have been red-hot. Two things … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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