DailyMarkets.com - 14 Reasons Why The Economic Collapse Of Japan Has Begun

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• 14 Reasons Why The Economic Collapse Of Japan Has Begun
• Forex – USD/CHF Tests Record Low Amid Japan Nuclear Fears
• Oil Forecast For March 15, 2011
• German ZEW Economic Sentiment Drops Unexpectedly In March
• Natural Gas Forecast For March 15, 2011
• Gold Forecast For March 15, 2011
• USD JPY Forecast For March 15, 2011
• USD CHF Forecast For March 15, 2011
• USD CAD Forecast For March 15, 2011
• NZD USD Forecast For March 15, 2011
• Forex Trading: Euro Making New Session Lows
• GBP USD Forecast For March 15, 2011
• Forex – Dollar Up Vs. Most Rivals As Japan Fears Spur Flight To Safety
• EUR USD Forecast For March 15, 2011
• AUD USD Forecast For March 15, 2011
• Forex Daily Outlook – March 15, 2011
• Forex – Pound Falls Against Broadly Stronger Dollar On Japan Worries
• Forex – EUR/USD Hits 2-day Low On Japan Radiation Fears
• Forex – NZD/USD Sharply Lower On Japan Nuclear Risk Fears
• Forex – AUD/USD Tumbles To 6-week Low On Japan Nuclear Fears
• Asia Stocks Tumble On Japan Nuclear Crisis Fears; Nikkei Plunges 10.1%
• Forex – USD/JPY Falls Sharply Before Rebounding After Japan Nuclear Blast
• AUD NZD Forecast For March 15, 2011
• Forex – EUR/USD Down During The Asian Session
• Bull Of The Day: Discover Financial Services (DFS)
• Bear Of The Day: Central Garden & Pet (CENT)
• Momentum Stock: Jazz Pharmaceuticals, Inc.
• Aggressive Growth Stock: IPG Photonics Corp.
• Growth & Income Stock: C.R. Bard, Inc.
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex Trading: EURUSD Tests 100 Hour MA And Bounces. Now What?
• Forex Trading: GBPUSD Breaks Below Key 38.2% And 100 Hour MA
• Forex – USD/CHF Down During Asian Trade
• Forex Trading: AUDUSD Dips Below 100 Day MA. First Time Since August
• Singapore Stock Market Update For Tuesday 15 March
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• Forex Trading: USD & Yen Advance
• Earthquake And Tsunami Jolted The Japanese Yen
• USD/CAD’s Swing Projection Targets 0.9840; 0.9815 Is Resistance
• Forex Trading: GBPUSD Makes Its Way Lower
• Forex – AUD/USD Down During Asian Trade
• EUR/AUD In Bullish Breakout; 1.4020 And 1.4250 In Sight
• Do We Need The 30-Year Fixed-Rate Mortgage?
• Forex – EUR/USD Down During The Asian Session
• The Funny Side
• Forex – EUR/JPY Up During Asian Trade
• In 2 Weeks USA Will Be #1 For OECD Tax Rates
• Forex – GBP/JPY Up During The Asian Session
• Stock Market Summary For Monday, March 14, 2011

14 Reasons Why The Economic Collapse Of Japan Has Begun Posted: 15 Mar 2011 03:35 AM PDT The economic collapse of Japan has begun.  The extent of the devastation is now becoming clear and many are now projecting that this will be the most expensive natural disaster in modern human history.  The tsunami that struck Japan on March 11th swept up to 6 miles inland, destroying virtually everything in the way.  Countless thousands were killed and entire communities were totally wiped out.  So how does a nation that is already drowning in debt replace dozens of cities and towns … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Tests Record Low Amid Japan Nuclear Fears Posted: 15 Mar 2011 03:11 AM PDT Forex Pros – The U.S. dollar was trading close to an all-time low against the Swiss franc on Tuesday, amid reports of rising radiation close to Tokyo, following an explosion at the at the stricken Fukushima Daiichi nuclear power plant in Japan. USD/CHF hit 0.9206 during European morning trade, the pair's lowest since March 2; the pair subsequently consolidated at 0.9227, shedding 0.16%. The pair was likely to find short-term support at 0.9199, the low of March 2 and the all-time low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Forecast For March 15, 2011 Posted: 15 Mar 2011 03:10 AM PDT By CommoditiesMansion.com Light Sweet Crude (CL) The selling seen today was a basic knee-jerk reaction to the news coming out of Japan. In times like these, traders will often sell first, and ask questions later. This is basically what happened on Monday as we found the $100 level supportive. (This is exactly what we were looking for.) Because of this, a hammer has formed on the daily chart. This is a bullish sign, and a break above the closing price should see the market searching for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German ZEW Economic Sentiment Drops Unexpectedly In March Posted: 15 Mar 2011 03:09 AM PDT Forex Pros – German economic sentiment fell unexpectedly in March, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment fell to 14.1 in March, down from 15.7 in February. Analysts had expected the index to rise to 16.0 in March. On the index, a level above 0.0 indicates optimism; a level below 0.0 indicates pessimism. Commenting on the report, ZEW President Wolfgang Franz said, "The German economy is in a robust … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Natural Gas Forecast For March 15, 2011 Posted: 15 Mar 2011 03:08 AM PDT By CommoditiesMansion.com Looking at the massive spike in prices on Monday in this market, one would have thought a significant bull rush was on. The truth was quite different however, as by the end of the day we finished with a massive shooting star. The bottom of the candle was right at the 3.85-3.90 area, with the top of the candle being right at 4.05, which is obvious resistance on the chart. A break below the bottom of Monday's range will signal a continuation towards the lows at 3.75 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Forecast For March 15, 2011 Posted: 15 Mar 2011 03:06 AM PDT By CommoditiesMansion.com Gold had a reasonably bullish day on Monday, gaining $4.20 an ounce at the time of this writing. It should be noted that the candle for the day looked like a shooting star, but it didn't stick out of a recent trading range – so its validity is questionable at best. There is also a possible bullish flag forming on this chart, and it has a possible target of $1,550 an ounce. If the top line of this flag gets broken, this could be the beginning of yet another bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD JPY Forecast For March 15, 2011 Posted: 15 Mar 2011 03:01 AM PDT By ForexMansion.com Looking at the charts, you can see this market has been completely out of control over the last 24 hours. With everything that has been going on in Japan, this really isn't a surprise. The Bank of Japan stepped in a weakened the Yen after a massive move down in this pair via asset purchases, and the pair bounced hard because of it. With the break down, and resurgence, the pair is going to be very difficult for traders. There are two clear levels however: the top of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD CHF Forecast For March 15, 2011 Posted: 15 Mar 2011 02:54 AM PDT By ForexMansion.com The other day we had mentioned that there was a bearish flag forming at the 0.93 area in this pair. It appears that we have broken the bottom of that flag, however it should be noted the flag is a bit on the sloppy side. Truthfully, the important level now is 0.92, as it is the absolute bottom in this pair as an all-time low. As the last few weeks have gone by, it appears that this pair is weak, but not ready to snap yet. Luckily this pair has a very obvious pair of levels … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD CAD Forecast For March 15, 2011 Posted: 15 Mar 2011 02:51 AM PDT By ForexMansion.com This pair has been stuck in a tight range for the last few weeks, and the close on Monday has done absolutely nothing to change that. It appears this pair is now a hold until we can clear the 0.98 level as a short-term buy, or closes below the 0.97 level as a longer-term sell signal. This pair is neutral for the time being. More March 15, 2011 Analysis: USD JPY Forecast for March 15, 2011 USD CHF Forecast for March 15, 2011 NZD USD Forecast for March 15, 2011 GBP USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD USD Forecast For March 15, 2011 Posted: 15 Mar 2011 02:46 AM PDT By ForexMansion.com The NZD/USD pair seems to have found a home in the 0.7350 level. While there have been many reasons to sell anything risky, this currency has held up. Even with a 50 bps rate cut the other day, the currency has held up. Even with the selloff in equities, this currency has held up. It seems that this pair doesn't want to go down. Judging by the previous levels, we could see a nice bounce here to remain in the 0.7350 and 0.78 levels. However, if we break below the 0.7350 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Making New Session Lows Posted: 15 Mar 2011 02:41 AM PDT The EUR/USD made a new session low of 1.38762 as yields on 2 year German notes continue to decline. The pair had tested the 1.3891 level earlier but additional support was added around this level by the 100 hour moving average. Seen on the hourly chart below, the new low comes in at the 50.0% line on the move from Friday's lows to today's high. A poor ZEW reading out of Germany and the Euro-zone could push the pair further lower in which case the target would be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP USD Forecast For March 15, 2011 Posted: 15 Mar 2011 02:36 AM PDT By ForexMansion.com <br /> The cable has been grinding upward for some time now. On Friday, we had a hammer form at 1.60 – a classic buy signal. Monday proved that idea correct, and we are now up over 100 pips from the entry point. Because of this, there is nothing to do in this pair if you are already in it. If you are thinking of entering – it should be noted that support has held, and it appears long is the right direction. A break below the bottom of the hammer on Friday … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Most Rivals As Japan Fears Spur Flight To Safety Posted: 15 Mar 2011 02:34 AM PDT Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, as concerns over Japan's escalating nuclear crisis saw investors seek refuge in traditional safe haven currencies. During European morning trade, the greenback was down against the yen, with USD/JPY slipping 0.13% to hit 81.51. Earlier in the day, Japanese Prime Minister Naoto Kan said there was a high risk of elevated levels of radiation following an explosion at the stricken Fukushima Daiichi … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR USD Forecast For March 15, 2011 Posted: 15 Mar 2011 02:32 AM PDT By ForexMansion.com As you can see from the charts, we had a gap as the FX markets opened on Monday in Asia. The gap was bullish in nature, and has since been filled by the Europeans, exactly as you would expect. It appears that we are winding up to try and break out of the 1.40 area as that is roughly where we finished for the day. Any daily close above 1.40 signals renewed bullishness in this pair. We may drift back down to 1.38 as we try and collect more longs to make the final push. Any … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD USD Forecast For March 15, 2011 Posted: 15 Mar 2011 02:28 AM PDT By ForexMansion.com   When looking at this chart, it seems very similar to the USD/CAD in the sense that it seems to be "stuck". However, this pair is still in the triangle that we have been talking about for a few weeks now, and parity (1.0000) is still very supportive. Because of this, the bias is still to the upside, and a break out above 1.02 measures as a run to the 1.09 handle based upon the height of the triangle. A break below the triangle would have parity to contend with and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Daily Outlook – March 15, 2011 Posted: 15 Mar 2011 02:23 AM PDT By ForexMansion.com Euro Climbs to Test 1.40 The Euro pushed higher as interest rate differentials continue to make investing in Euro move attractive relative to other currencies. Solid economic data points also helped the Euro remain robust. Industrial output rose 0.3% in January and was 6.6% stronger on a year over year basis, according to The European Union’s Eurostat agency. In December, output grew 0.3% from the previous month and 8.8% from a year earlier despite severe winter weather. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Pound Falls Against Broadly Stronger Dollar On Japan Worries Posted: 15 Mar 2011 02:19 AM PDT Forex Pros – The pound fell against the broadly stronger U.S. dollar on Tuesday, as the greenback was boosted by safe haven buying, amid concerns over Japan's ongoing nuclear crisis. GBP/USD hit 1.6049 during European morning trade, the daily low; the pair subsequently consolidated at 1.6047, tumbling 0.77%. Cable was likely to find support at 1.5976, Friday's low and a four-week low and resistance at 1.6199, Monday's high. Earlier in the day, Japanese authorities said an explosion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits 2-day Low On Japan Radiation Fears Posted: 15 Mar 2011 01:55 AM PDT Forex Pros – The euro slipped to a two-day low against the U.S. dollar amid choppy trade on Tuesday, as fears over Japan's escalating nuclear emergency sparked a broad selloff as investors sought refuge in safe haven assets. EUR/USD hit 1.3894 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.3935, shedding 0.40%. The pair was likely to find support at 1.3751, Friday's low and resistance at 1.4035, the high of March 7 and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Sharply Lower On Japan Nuclear Risk Fears Posted: 15 Mar 2011 01:13 AM PDT Forex Pros – The New Zealand dollar was sharply lower against its U.S. counterpart on Tuesday, amid escalating concerns over a nuclear leak following a third explosion at a quake stricken Japanese power station. NZD/USD hit 0.7296 during late Asian trade, the pair's lowest since September 24; the pair subsequently consolidated at 0.7330, tumbling 0.83%. The pair was likely to find support at 0.7129, the low of September 3 and resistance at 0.7414, Monday's high. Authorities said an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Tumbles To 6-week Low On Japan Nuclear Fears Posted: 15 Mar 2011 12:56 AM PDT Forex Pros – The Australian dollar tumbled to a six-week low against its U.S. counterpart on Tuesday, as mounting fears over Japan’s escalating nuclear emergency sparked a flight to safety. AUD/USD hit 0.9926 during late Asian trade, the pair's lowest since January 31; the pair subsequently consolidated at 0.9957, tumbling 1.39%. The pair was likely to find support at 0.9830, the low of January 20 and resistance at 1.0126, Monday's high. Earlier in the day, Japanese Prime Minister … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Tumble On Japan Nuclear Crisis Fears; Nikkei Plunges 10.1% Posted: 15 Mar 2011 12:50 AM PDT Forex Pros – Asian stock markets tumbled for a second day on Tuesday, with the Nikkei suffering its worst two-day decline since 1987, amid mounting fears over the possibility of a Japanese nuclear catastrophe.   During late Asian trade, Hong Kong’s Hang Seng Index tumbled 3.28%, Australia's S&P/ASX 200 Index dropped 2.1%, while Japan's Nikkei 225 Index plunged 10.1%. Earlier in the day, Japan’s Prime Minister Naoto Kan said there was a high risk of elevated levels of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Falls Sharply Before Rebounding After Japan Nuclear Blast Posted: 15 Mar 2011 12:38 AM PDT Forex Pros – The U.S. dollar fell sharply against the yen on Tuesday before rebounding, amid mounting concerns over Japan’s escalating nuclear emergency, following a third explosion at the stricken Fukushima Daiichi nuclear plant, 155 miles northeast of Tokyo. USD/JPY hit 81.23 during late Asian trade, the daily low; the pair subsequently consolidated at 81.64, easing up 0.02%. The pair is likely to find support at 80.57, Monday's low and a four-month low and resistance at 82.45, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD NZD Forecast For March 15, 2011 Posted: 15 Mar 2011 12:22 AM PDT By ForexMansion.com   This pair has been in a massive bull rush for months, and there are absolutely no signs of it ending at the moment. The two economies are completely diverged, and with the recent tragedy in Japan, it is likely that the Japanese will be buying large amounts of construction materials. The biggest exporter of construction –related materials in the Pacific region? Australia. Because of this, it just makes sense to buy the AUD over the NZD as the Kiwis have just had an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 14 Mar 2011 11:20 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3927, down 0.46% at time of writing. The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4003, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8646 and EUR/JPY falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Discover Financial Services (DFS) Posted: 14 Mar 2011 11:05 PM PDT We are upgrading our recommendation on Discover Financial Services (NYSE:DFS) from Neutral to Outperform based on the acquisition of Student Loan Corp. that would enhance its already strong student loan portfolio. Additionally, Discover’s fourth quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending and merchant … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Central Garden & Pet (CENT) Posted: 14 Mar 2011 11:05 PM PDT Central Garden & Pet Company (NASDAQ:CENT) continued its loss momentum during the first quarter of 2011. Despite a 4.6% increase in the top-line, the company delivered a quarterly loss of $0.16 per share, which was broader than the Zacks Consensus Estimate loss of $0.10 and the prior-year quarter’s loss of $0.04. It is to be noted that the company has historically reported losses in its first quarter due to the cyclic nature of the lawn and garden category. The company also witnessed a 5.4% drop … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Jazz Pharmaceuticals, Inc. Posted: 14 Mar 2011 11:05 PM PDT Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) recently spiked to a new multi-year high on the company’s third consecutive earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock sings in the key of momentum. Company Description Jazz Pharmaceuticals specializes in developing products for neurology and psychiatry primarily in the United States. The company was founded in 2003 and has a market cap of $1.12 billion. Although JAZZ has been trending higher since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: IPG Photonics Corp. Posted: 14 Mar 2011 11:05 PM PDT IPG Photonics Corp (NASDAQ:IPGP) is the top rated stock in a very hot industry. After coming in ahead of expectations in the most recent quarter, estimates for this Zacks #1 Rank (Strong Buy) are looking extremely bullish. Company Description IPG Photonics makes high-powered fiber lasers and amplifiers. The products are used in the materials processing, medical, telecommunications and other industries. Revenue Jumps 86% On Feb 25 IPG Photonics announced an 86% increase in fourth-quarter revenues, to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: C.R. Bard, Inc. Posted: 14 Mar 2011 11:05 PM PDT How much steadier can you get than a medical device maker? These companies can usually weather difficult or volatile times (like now), which always make them attractive to the Growth & Income investor. C.R. Bard, Inc. (NYSE:BCR) is one such company. It is well diversified with a reasonably strong pipeline, which has helped it put together a string of positive quarterly EPS surprises. Furthermore, earnings estimates for this year and next have been moving higher in recent weeks, giving BCR a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down In Asian Trade Posted: 14 Mar 2011 10:50 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6116, down 0.35% at time of writing. The pair was likely to find support at 1.5978, Friday's low, and resistance at 1.6214, Thursday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8643 and GBP/JPY falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down In Asian Trading Hours Posted: 14 Mar 2011 10:20 PM PDT Forex Pros – The Euro was lower against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.2864, down 0.54% at time of writing. The pair was likely to find support at 1.2827, Friday's low, and resistance at 1.2971, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.52% to hit 1.3919 and EUR/JPY falling 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests 100 Hour MA And Bounces. Now What? Posted: 14 Mar 2011 10:16 PM PDT The EURUSD has also moved lower today but found good buying against the 100 hour MA (blue line in the chart above). The ability to hold the level and bounce quickly is indicative of good support. The price is back above the 200 hour MA (green line) and if the price can remain above that line, the upside should continue with a move above the 1.3834 giving more confidence for the upside. The news out of Japan continues to be fluid with nuclear reactor headlines dominating.  The worse it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Breaks Below Key 38.2% And 100 Hour MA Posted: 14 Mar 2011 09:55 PM PDT The GBPUSD has fallen below the 100 hour MA and the 38.2% retracement of the move up from Friday's low. The market did find willing sellers against the 200 hour MA (green line in the chart above) yesterday and in the early hours of trading for today. The inability to break above this level gave sellers confidence. Risk was defined. Risk was limited to a move above the moving average leverage.  When the tide started to turn toward the dollar, the selling intensified. Now with the price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 14 Mar 2011 09:50 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9242, down 0.03% at time of writing. The pair was likely to find support at 0.9219, today's low, and resistance at 0.9364, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.46% to hit 1.3927 and USD/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Dips Below 100 Day MA. First Time Since August Posted: 14 Mar 2011 09:35 PM PDT The AUDUSD hsa dipped below the 100 day MA for the first time since August 2010.  That level comes in at the 0.9977 level.  The market will be watching this level on corrections.   Being able to stay below the level should attract more selling. The pair has been pressured on the back of comments from the RBA suggests rates were appropriate.  The pair is also suffering on the back of the "risk off" … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 15 March Posted: 14 Mar 2011 09:21 PM PDT Morning Highlights There Are No Quick Picks For Today! Singapore market extended losses, with STI down 22.85 points to open at 3,008.01. Japanese stocks plunged as fears grew over a radiation leak from a quake-damaged plant north of Tokyo. Currently Japan Nikkei down more than 12%…  Singapore's jobless rate edges up in Q4 News Updates: Japan PM declares radiation around Fukushima nuclear plant is ‘threat to human health’; fire erupts at reactor No. 4. Corporate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session Posted: 14 Mar 2011 09:20 PM PDT Forex Pros – The Euro was lower against the British Pound on Tuesday. EUR/GBP was trading at 0.8635, down 0.20% at time of writing. The pair was likely to find support at 0.8534, Thursday's low, and resistance at 0.8692, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.58% to hit 1.3912 and EUR/JPY falling 0.60% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade Posted: 14 Mar 2011 08:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 81.51, down 0.14% at time of writing. The pair was likely to find support at 80.64, Monday's low, and resistance at 83.30, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.28% to hit 1.3953 and GBP/USD falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In Asian Trading Hours Posted: 14 Mar 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9786, up 0.49% at time of writing. The pair was likely to find support at 0.9684, Thursday's low, and resistance at 0.9802, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.24% to hit 1.3959 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD & Yen Advance Posted: 14 Mar 2011 07:56 PM PDT The USD and the Yen have gained a bid across the board as fires at Japan's Nuclear Plant spurs safety demand. The EUR/USD pair is off approximately 60 pips from its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earthquake And Tsunami Jolted The Japanese Yen Posted: 14 Mar 2011 07:55 PM PDT Last Friday, an 8.9 magnitude shocked the northeast coast in Japan which generated a gigantic tsunami that swept cities and killed thousands. We, at LaidTrades.com, offer our prayers to Japan especially those who are gravely affected by the disaster. Such acts of God also have some impact on the financial markets. In fact, Friday's calamity also jolted the financial markets, particularly the USDJPY pair. As you can see from the chart above, the Japanese yen gained a total of 110 pips in one … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD’s Swing Projection Targets 0.9840; 0.9815 Is Resistance Posted: 14 Mar 2011 07:34 PM PDT USD/CAD Signaling a Clear-out? (3/10) USD/CAD - The USD/CAD is likely to extend the current correction. The reason is that the rally was in an impulse wave structure, which is likely that of a wave A. That means we can be in wave B, and a rally (wave C), should follow. - The 4H chart also shows that a swing projection, in an ABC correction should target 0.9840, where the market would meet the 200SMA. Before getting to this level, we do have a pivot near 0.9815. A break above this adds to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Makes Its Way Lower Posted: 14 Mar 2011 07:31 PM PDT The GBPUSD has moved below the 200 bar MA which should solicit more selling pressure for the pair. The 1.6132 level is the next target with 1.6120 the target after that level. On the topside staying below the ceiling at the 1.6165 level is the risk. If the momentum is turning the dollars way, the market should find sellers against this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 14 Mar 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9999, down 0.98% at time of writing. The pair was likely to find support at 0.9970, Friday's low, and resistance at 1.0159, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.68% to hit 1.3953 and AUD/JPY falling 0.92% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/AUD In Bullish Breakout; 1.4020 And 1.4250 In Sight Posted: 14 Mar 2011 07:16 PM PDT A Look at the Euro Crosses…(3/9 Video) EUR/AUD - The EUR/AUD has broken above a flag pattern and has broken the 1.3877 high from 1/27. - The 4H chart shows maintenance of the bullish momentum as the RSI remains mostly above 40, has broken above 60, and is heading towards 70. - The 4H chart also shows a swing projection using the previous rally that targets the 1.4020 area. - The daily chart shows a swing projection as well targeting 1.4250 area which were the highs throughout October. - … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Do We Need The 30-Year Fixed-Rate Mortgage? Posted: 14 Mar 2011 07:06 PM PDT That question is the title of a recent worker paper by Mercatus  Center economists Michael Lea and Anthony Sanders, and I think the simple answer is “No.”  The authors present evidence that the 30-year fixed-rate mortgage (FRM) is really a creation of U.S. government policy, and certainly wouldn’t dominate the mortgage market without direct government support and intervention.  The authors write: “The FRM has been supported by government policy since its introduction. FHA and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 14 Mar 2011 07:05 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3966, down 0.19% at time of writing. The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4003, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8648 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Funny Side Posted: 14 Mar 2011 06:48 PM PDT Admittedly, much of what I focus on here at Financial Armageddon is depressing and unsettling. But that doesn’t mean I’m unable to see things in a different light. Indeed, as I noted Saturday and last week, I’ve been known to be a bull on occasion (yes, gasp!). I also enjoy a good laugh, especially when it involves a clever twist on reality, especially economic reality. Given that, I really got a kick out of the latest “story” from The Onion, the satirical online news magazine, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During Asian Trade Posted: 14 Mar 2011 06:35 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Tuesday. EUR/JPY was trading at 114.33, up 0.11% at time of writing. The pair was likely to find support at 112.52, Monday's low, and resistance at 115.25, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.08% to hit 1.3981 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

In 2 Weeks USA Will Be #1 For OECD Tax Rates Posted: 14 Mar 2011 06:26 PM PDT Corporate Tax Rates in OECD Countries Country 2010 Rate 2010 Rank 2000 Rate 2000 Rank Japan 39.54% 1 40.87% 3 United States 39.2 2 39.3 6 France 34.43 3 37.76 7 Belgium 33.99 4 40.2 4 Germany 30.2 5 52 1 Mexico 30 7 35 11 Spain 30 9 35 13 Australia 30 6 34 14 New Zealand 30 8 33 16 Canada 29.52 10 42.57 2 Luxembourg 28.59 11 37.45 8 United … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The Asian Session Posted: 14 Mar 2011 05:45 PM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Tuesday. GBP/JPY was trading at 132.36, up 0.26% at time of writing. The pair was likely to find support at 129.79, Monday's low, and resistance at 134.35, Thursday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.01% to hit 1.6172 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, March 14, 2011 Posted: 14 Mar 2011 05:25 PM PDT Stocks were down the entire session today but did manage to recoup more than half of their intra-day losses.  The Nasdaq Composite was able to hold its support level of 2,701 on a closing basis after falling below it intra-day.  Investor participation was relatively quiet and market breadth was negative.  As a result, we are lowering the support/resistance levels on the DJIA and S&P 500 (see below).  We are keeping the resistance level on the Nasdaq Composite … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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