DailyMarkets.com - The Rally In Gold And Silver Is Not Over Yet
DailyMarkets.com - The Rally In Gold And Silver Is Not Over Yet |
- The Rally In Gold And Silver Is Not Over Yet
- 6 Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money
- A Pivotal Week For U.S. Stock Market
- Stock Market & ETF News Update: The Little Market That Could (SPY, IWM, SLV, DIA)
- Forex – EUR/GBP Edges Higher After Upbeat Euro Zone Data
- Forex – USD/CHF Climbs Amid Concerns Over Mideast Unrest
- European Stocks Broadly Lower On Mideast Fears; DAX Down 0.81%
- Forex – Dollar Mixed Vs. Rivals As Mideast Tensions Escalate
- Euro Zone Manufacturing PMI Rises Unexpectedly In February
- German Ifo Business Climate Rises More-than-expected In February
- Forex – Pound Retreats From 2-week High Against Dollar
- German Manufacturing PMI Rises Unexpectedly In February
- Forex – USD/JPY Edges Lower Amid Heightened Risk Aversion
- Forex – NZD/USD Edges Higher Ahead Of Fonterra Milk Payout Report
- Forex – AUD/USD Down Amid Growing Unrest In Middle East
- Asia Stocks Mixed As MidEast Turmoil Escalates; Nikkei Up 0.14%
- Forex – EUR/USD Dips On Spreading Mideast Tensions
- U.K. Rightmove HPI Jumps In February
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down In Asian Trade
- Forex – EUR/CHF Down In Asian Trading Hours
- Crude Rises On Supply Worries, Gold Nears $1400 On Middle East Tension
- Forex – USD/CHF Up During The Asian Session
- Forex – EUR/GBP Up In Asian Trade
- Forex – USD/JPY Down In Asian Trading Hours
- Forex – USD/CAD Down During The Asian Session
- Forex – AUD/USD Down In Asian Trade
- Singapore Stock Market Update For Monday 21 February
- Is USD/JPY’s Rally Over?
- Forex – GBP/CHF Up In Asian Trading Hours
- Forex – EUR/USD Down During The Asian Session
- Don’t Fight The Tape
| The Rally In Gold And Silver Is Not Over Yet Posted: 21 Feb 2011 03:35 AM PST As per the World Gold Council, precious metals demand will stay high this year with growing Indian and Chinese appetite for the yellow metal, but fresh buying in developed markets of jewelry will depend on economic outlook. At this juncture, market news suggests positive momentum for precious metals. Investment and industrial demand are set to witness an upsurge in the upcoming months. Let's have an outlook on the present status of precious metals market. Gold has recently touched … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 6 Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money Posted: 21 Feb 2011 03:25 AM PST If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? Well, it is because everybody is recklessly printing money now. The 6 charts which you are about to see below prove this. The truth is that it is not just the U.S. Federal Reserve which has been printing money like there is no tomorrow. Out of control money printing has also been happening in the UK, in the EU, in Japan, in China and in India. There are … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| A Pivotal Week For U.S. Stock Market Posted: 21 Feb 2011 03:17 AM PST The SP500 is hitting the Gann Angle 4×1. Large retail stocks reporting this week, the question is how have margins performed. The consumer is 70% of GDP and retail results will be critical for GDP forecasts. A week to watch ! See chart! SPDR S&P 500 ETF … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market & ETF News Update: The Little Market That Could (SPY, IWM, SLV, DIA) Posted: 21 Feb 2011 03:08 AM PST Today's ETF market reminds me of the classic children's story, "The Little Engine That Could" and its unforgettable refrain, "I think I can, I think I can" as the little engine struggled up the hill against seemingly insurmountable obstacles. On low volume and in the face of revolution abroad and at home, gathering inflationary storm clouds and weakness in Europe, "the little market that could" keeps climbing and passing significant milestones along the way At Wall … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Edges Higher After Upbeat Euro Zone Data Posted: 21 Feb 2011 02:47 AM PST Forex Pros – The euro edged higher against the pound on Monday, after a string of better-than-expected euro zone data but gains were capped amid concerns over escalating unrest in the Middle East. EUR/GBP hit 0.8444 during European morning trade, the pair's highest since Thursday; the pair subsequently consolidated at 0.8435, easing up 0.14%. The pair was likely to find support at 0.8358, Friday's low and resistance at 0.8476, the high of February 11. Earlier in the day, German … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Climbs Amid Concerns Over Mideast Unrest Posted: 21 Feb 2011 02:24 AM PST Forex Pros – The U.S. dollar climbed to a daily high against the Swiss franc on Monday, as concerns that ongoing unrest in the Middle East would spread soured risk appetite. USD/CHF hit 0.9487 during European morning trade, the daily high; the pair subsequently consolidated at 0.9482, gaining 0.39%. The pair was likely to find support at 0.943, the days low and a 12-day low and resistance at 0.9538, Friday's high. Earlier in the day, demonstrations broke out in Libya's capital Tripoli, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Broadly Lower On Mideast Fears; DAX Down 0.81% Posted: 21 Feb 2011 02:04 AM PST Forex Pros – European stock markets were broadly lower on Monday, as investors monitored escalating tensions in the Middle East and North Africa, while markets in the U.S. were to remain closed for a holiday. During European morning trade, the EURO STOXX 50 dropped 1.03%, France's CAC 40 slumped 0.91%, while Germany’s DAX was down 0.81%. Over the weekend, violence escalated in Libya as protesters tried to topple the 42-year rule of Moammar Gadhafi. Demonstrations also took place in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Mixed Vs. Rivals As Mideast Tensions Escalate Posted: 21 Feb 2011 01:24 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as tensions in the Middle East and North Africa continued, while trade remained quiet ahead of a U.S. public holiday. During European morning trade, the greenback was almost unchanged against the euro, with EUR/USD dipping 0.01% to hit 1.3691. Earlier in the day, German research institute, Ifo said its Business Climate Index rose more-than-expected in February. Separate reports showed that the euro zone's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Zone Manufacturing PMI Rises Unexpectedly In February Posted: 21 Feb 2011 01:18 AM PST Forex Pros – Manufacturing activity in the euro zone rose unexpectedly in February, advancing to the highest level since June 2000, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary manufacturing purchasing managers index rose to a seasonally adjusted 59.0 in February, up from 57.3 in January, whose figure was revised up from 56.9. Analysts had expected the index to decline to 57.0 in February. On the index, a reading above 50.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| German Ifo Business Climate Rises More-than-expected In February Posted: 21 Feb 2011 01:07 AM PST Forex Pros – German business confidence rose more-than-expected in February, rising to the highest level since German reunification, data showed on Monday. In a report, the German research institute, Ifo said its Business Climate Index rose to a seasonally adjusted 111.2 in February, after advancing to 110.3 in January. Analysts had expected the index to rise to 110.4 in February. According to the data, the Current Assessment Index rose to 114.7 from 112.8, while the Business Expectations … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Pound Retreats From 2-week High Against Dollar Posted: 21 Feb 2011 01:07 AM PST Forex Pros – The pound retreated from a two-week high against the U.S. dollar on Monday, despite a report showing that house prices in the U.K. climbed for a second month in February. GBP/USD hit 1.6218 during European morning trade, the daily low; the pair subsequently consolidated at 1.6234, shedding 0.11%. 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. Rightmove Plc, the operator of the U.K.'s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| German Manufacturing PMI Rises Unexpectedly In February Posted: 21 Feb 2011 12:43 AM PST Forex Pros – Manufacturing activity in Germany rose unexpectedly in February, advancing to a record high, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary German manufacturing purchasing managers index rose to a seasonally adjusted 62.6 in February, compared to 60.5 in January, whose figure was revised up from 60.2. Analysts had expected the index to decline to 60.3 in February. A reading above 50.0 on the index indicates industry … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Edges Lower Amid Heightened Risk Aversion Posted: 21 Feb 2011 12:24 AM PST Forex Pros – The dollar touched a seven-day low against the yen on Monday, as concerns over growing unrest in the Middle East boosted demand for the safe haven yen. USD/JPY hit 83.03 during early European trade, the pair's lowest since February 10; the pair subsequently consolidated at 83.11, slipping 0.08%. The pair was likely to find support at 82.32, the low of February 10 and resistance at 83.75, last Thursday's high. Over the weekend, Libyan leader Muammar Qaddafi's son called … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Edges Higher Ahead Of Fonterra Milk Payout Report Posted: 21 Feb 2011 12:04 AM PST Forex Pros – The New Zealand dollar edged higher against its U.S. counterpart on Monday, as markets awaited dairy giant Fonterra Co-Operative Group Ltd.’s milk price payout announcement due Tuesday. NZD/USD hit 0.7652 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7639, gaining 0.3%. The pair was likely to find support at 0.7581, Friday's low and resistance at 0.7721, the high of February 10. Fonterra’s board of directors was expected to review the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down Amid Growing Unrest In Middle East Posted: 20 Feb 2011 11:52 PM PST Forex Pros – The Australian dollar was down against its U.S. counterpart on Monday, as unrest in the Middle East continued to escalate, while China's latest bank reserve requirement hike on Friday also weighed. AUD/USD hit 1.0013 during late Asian trade, the daily low; the pair subsequently consolidated at 1.012, shedding 0.24%. The pair was likely to find support at 1.0015, Thursday's low and short-term resistance at 1.0157, Friday's high and an eight-day high. China raised reserve … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Mixed As MidEast Turmoil Escalates; Nikkei Up 0.14% Posted: 20 Feb 2011 11:48 PM PST Forex Pros – Asian stock markets were mixed on Monday, as market sentiment was weighed by rising tensions in the Middle East and after China lifted reserve requirements for lenders. During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.53%, South Korea’s Kospi Composite shed 0.6%, while Japan's Nikkei 225 Index added 0.26%. Shares in the energy sector performed strongly as crude oil prices jumped amid escalating tensions in the Middle East. Japan's largest oil exporter Inpex … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Dips On Spreading Mideast Tensions Posted: 20 Feb 2011 11:38 PM PST Forex Pros – The euro dipped against the broadly stronger U.S. dollar on Monday, as tensions in the Middle East and North Africa continued, prompting investors to move towards the safety of the greenback. EUR/USD hit 1.3636 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3684, slipping 0.06%. The pair was likely to find support at 1.3535, last Thursday's low and short-term resistance at 1.3743, the high of February 9. Over the weekend, violence escalated … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Rightmove HPI Jumps In February Posted: 20 Feb 2011 11:19 PM PST Forex Pros – Average asking prices for U.K. houses increased in February, industry data showed on Monday. In a report, Rightmove said its house price index rose by 3.1% in February, after rising by 0.3% in January. According to the data, the average asking price for U.K. homes rose to GBP230,030 in February. Rightmove said in the report, "The start of this year is very much a repeat of 2010 and so we expect 2011 to be characterised by what may well be the new norm, with the “average” … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Down During The Asian Session Posted: 20 Feb 2011 10:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3670, down 0.17% at time of writing. The pair was likely to find support at 1.3463, Wednesday's low, and resistance at 1.3716, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8423 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down In Asian Trade Posted: 20 Feb 2011 09:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.6232, down 0.13% at time of writing. The pair was likely to find support at 1.5987, Wednesday's low, and resistance at 1.6263, Friday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8430 and GBP/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/CHF Down In Asian Trading Hours Posted: 20 Feb 2011 09:10 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Monday. EUR/CHF was trading at 1.2928, down 0.07% at time of writing. The pair was likely to find support at 1.2894, Friday's low, and resistance at 1.3111, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.3673 and EUR/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Rises On Supply Worries, Gold Nears $1400 On Middle East Tension Posted: 20 Feb 2011 08:51 PM PST Commodities – Energy
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| Forex – USD/CHF Up During The Asian Session Posted: 20 Feb 2011 08:40 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.9454, up 0.07% at time of writing. The pair was likely to find support at 0.9435, Monday's low, and resistance at 0.9739, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.3673 and USD/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Up In Asian Trade Posted: 20 Feb 2011 08:10 PM PST Forex Pros – The Euro was higher against the British Pound on Monday. EUR/GBP was trading at 0.8424, up 0.001% at time of writing. The pair was likely to find support at 0.8359, Friday's low, and resistance at 0.8450, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.14% to hit 1.3674 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down In Asian Trading Hours Posted: 20 Feb 2011 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday. USD/JPY was trading at 83.12, down 0.08% at time of writing. The pair was likely to find support at 83.03, Monday's low, and resistance at 83.97, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.13% to hit 1.3675 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Down During The Asian Session Posted: 20 Feb 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9864, down 0.04% at time of writing. The pair was likely to find support at 0.9816, Thursday's low, and resistance at 0.9896, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.08% to hit 1.3682 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down In Asian Trade Posted: 20 Feb 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0130, down 0.16% at time of writing. The pair was likely to find support at 0.9966, Wednesday's low, and resistance at 1.0157, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.14% to hit 1.3516 and AUD/JPY falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Monday 21 February Posted: 20 Feb 2011 06:24 PM PST Morning Highlights There Are No Quick Picks For Today! Oceanus warns of lower profit for 2010 News Updates: Oil prices surged in Asian trade on Monday, with Brent crude passing US$103 as escalating tensions in Libya fuelled concerns over instability spreading across the oil-producing Arab states, analysts said. European Central … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Feb 2011 06:15 PM PST After hitting a low of 81.08 last February 4, the USDJPY pair has rallied back to mark a high of 83.97 2 days after Valentine's day. It appears, however, that US dollar's push against the Japanese yen is starting to lose some momentum. As you can see from its 4-hour chart above, the pair has formed what looks to be a head and shoulders pattern with a neckline at around 83.10. In the process of doing so, it likewise broke its short term uptrend line. After breaking the uptrend line, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/CHF Up In Asian Trading Hours Posted: 20 Feb 2011 06:05 PM PST Forex Pros – The British Pound was higher against the Swiss Franc on Monday. GBP/CHF was trading at 1.5366, up 0.07% at time of writing. The pair was likely to find support at 1.5325, Thursday's low, and resistance at 1.5613, Wednesday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.6248 and EUR/GBP rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Down During The Asian Session Posted: 20 Feb 2011 05:35 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3685, down 0.06% at time of writing. The pair was likely to find support at 1.3463, Wednesday's low, and resistance at 1.3716, Monday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8426 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Feb 2011 06:21 AM PST It is instructive to see how the markets react in the face of good or bad news. Fundamentally, there is every reason to be bearish. The latest BoA/Merrill Lynch Fund Manager Survey shows extreme levels of bullishness, which is contrarian bearish. I awoke this morning to see that China had hike reserve requirements again by 50bp. The Shanghai Composite was down 0.9% but Hang Seng was up 1.3%. Europe is mixed. As I write this, ES futures are actually up marginally. Momentum remains … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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