Monday, February 21, 2011

DailyMarkets.com - Oil And Gold Surge As Qaddafi Leaves Tripoli

DailyMarkets.com - Oil And Gold Surge As Qaddafi Leaves Tripoli

Oil And Gold Surge As Qaddafi Leaves Tripoli

Posted: 21 Feb 2011 07:18 AM PST

US stocks advanced Friday, giving the market its third straight weekly rally, as higher-than-estimated corporate earnings overshadowed the Chinese central bank's attempts to control inflation. Caterpillar climbed 2.4 percent after reported machinery sales rose 49 percent in three months and Intuit rose 7.3 percent as the maker of tax software forecast profit that topped estimates. Elsewhere CF Industries Holdings shed 6.7 percent, leading declines among fertilizer stocks, as wheat fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Is In A Bullish Momentum Breakout Towards 1430

Posted: 21 Feb 2011 06:39 AM PST

Gold Eyes 1395 Pending a Break Above 1378
Gold (XAU/USD)

- Gold is gaining speed as the market surges past our target near 1395. The market has broken that pivot and is now heading towards the record high near 1430.
- The price action is becoming persistent and the RSI has broken way above 70, above 80. This is a bullish momentum breakout signal.  The RSI in the daily chart is also at the brink of showing bullish momentum breakout.
- In the very near-term however, this is also an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Re-approaching 35-month Low As Crude Rallies

Posted: 21 Feb 2011 06:24 AM PST

Forex Pros – The U.S. dollar was trading close to Friday's 35-month low against its Canadian counterpart on Monday, as crude oil, Canada's largest export, rallied to a 28-month high amid escalating political unrest in Libya.

USD/CAD hit 0.9829 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.9826, shedding 0.39%.

The pair was likely to find support at 0.9709, the low of February 28, 2008 and resistance at 0.9874, Friday's high.

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

USD/JPY Can Resume Uptrend Above 83.55

Posted: 21 Feb 2011 06:15 AM PST

USD/JPY is in a Correction; 83.10 is Key Support (2/17)
USD/JPY

- The USD/JPY has been declining and in the short-term showed bearish momentum breakout last Friday, pushing the RSI below 30 in the 1H chart. Now as long as the RSI remains below 60, the market is bearish. Meaning, a break above 60 in the RSI is an early warning of the bullish continuation.
- The current consolidation to start the week is inching higher and should meet resistance soon near 83.30. If the market remains below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Middle East Unrest Pushes Up Oil Prices, Helps Boost CAD

Posted: 21 Feb 2011 06:12 AM PST

We continue to see an escalation in the unrest in the Middle East. After Egypt and Tunisia managed to throw off their regimes other peoples throughout the region are trying to do the same.
The newest wave of protests focuses on Libya, Algeria, Bahrain and Yemen where unlike in Egypt we are seeing much stronger repression of these opposition voices. Stories over the weekend showed that Libya has taken a hard line stance and has been using deadly force against protesters – perhaps escalating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Pauses Rally Near 1.3720, 61.8% Retracement

Posted: 21 Feb 2011 05:43 AM PST

Can the Rate Hike Prospect Push the Euro Higher? (2/18 Video)
EUR/USD

- The EUR/USD has paused after hitting 1.3720. and is in a 2nd downswing. The 1H chart shows the market after a sharp rally from 1.3550, which brought the RSI above 70 and showed bullish momentum breakout.
- Now, if the RSI remains above 40, and returns back above 60, a bullish continuation is suggested.
- However, if the market declines back below 1.3610, 61.8% retracement of this latest upswing, and breaks below the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher Vs. Rivals In Thin Trade

Posted: 21 Feb 2011 05:18 AM PST

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as tensions in the Middle East and North Africa continued, while the euro remained supported after a string of better-than-expected economic data.

During European afternoon trade, the greenback was higher against the euro, with EUR/USD dipping 0.17% to hit 1.3665.

Earlier in the day, German research institute, Ifo said its Business Climate Index rose more-than-expected in February, to hit a new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Edges Lower, Weighed By Mideast Tensions

Posted: 21 Feb 2011 04:22 AM PST

Forex Pros – The pound edged lower against the U.S. dollar on Monday, as concerns arising from escalating tensions in North Africa and the Middle East weighed on risk sentiment.

GBP/USD hit 1.6206 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.6222, shedding 0.18%.

Cable was likely to find support at 1.6148, Friday's low and resistance at 1.627, the high of February 3 and a three-month high.

Earlier in the day, industry data showed that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Eases Off 6-day High As Risk Aversion Weighs

Posted: 21 Feb 2011 04:00 AM PST

Forex Pros – The euro was lower against the U.S. dollar on Monday, as risk aversion arising from ongoing political unrest in the Middle East weighed but the single currency was supported following a flurry of better-than-expected euro zone data.

EUR/USD hit 1.3663 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.3672, slipping 0.13%.

The pair was likely to find support at 1.3535, last Thursday's low and short-term resistance at 1.3743, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Coming Shutdowns And Showdowns: What’s Really At Stake

Posted: 21 Feb 2011 03:55 AM PST

Wisconsin is in a showdown. Washington is headed for a government shutdown.
Wisconsin Governor Scott Walker won't budge. He insists on delivering a knockout blow to public unions in his state (except for those, like the police, who supported his election).
In DC, House Republicans won't budge on the $61 billion cut they pushed through last week, saying they'll okay a temporary resolution to keep things running in Washington beyond March 4 only if it includes many of their steep … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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