Thursday, March 31, 2011

DailyMarkets.com - 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems

DailyMarkets.com - 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems


19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems

Posted: 31 Mar 2011 03:35 AM PDT

Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems.  When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt.  But the truth is that the institution with the most power over our economic system is the Federal Reserve.  So exactly what is the Federal Reserve?  Most people … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Breakout Candidates

Posted: 31 Mar 2011 03:20 AM PDT

The amount of setups that are out there are simply amazing. Following are some of the setups that I will be watching tomorrow. I don’t have time to comment on all these setups individually but I would just like to point here that I am looking for quick trades here as the markets approach overbought conditions.

I hope some of you profited from the CLEN call earlier this week. It was up 10% yesterday.

Take care … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Rises To 5-day High Boosted By U.K. Housing Data

Posted: 31 Mar 2011 02:25 AM PDT

Forex Pros &ndash; The pound rose to a five-day high against the U.S. dollar on Thursday, after a report showed house prices in the U.K. unexpectedly increased in March, bolstering the case for the Bank of England to tighten monetary policy.<br /><br />GBP/USD hit 1.6151 during European morning trade, the pair&rsquo;s highest since March 24; the pair subsequently consolidated at 1.6137, gaining 0.40%.<br /><br />Cable was likely to find support at 1.5978, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EUR/USD Completes Full Hourly Retracement

Posted: 31 Mar 2011 02:13 AM PDT

We said earlier that in the case of a break-out to the topside that our next target would be 1.4219……. well the positive CPI estimate was enough to get us there. The pair has made a new session high of 1.42307, and has completed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Flash CPI Rises Unexpectedly In March

Posted: 31 Mar 2011 02:03 AM PDT

Forex Pros &ndash; Consumer price inflation in the euro zone rose unexpectedly in March, preliminary data showed on Thursday.<br /><br />In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.6% in March, after rising by 2.4% in February.<br /><br />Analysts had expected euro zone CPI to remain unchanged at 2.4% in March.<br /><br />Following the release of the data, the euro was up against the U.S. dollar, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Euro Firmer After Flash CPI Comes In Better: 2.6%

Posted: 31 Mar 2011 02:01 AM PDT

EUR now trading on session highs against the USD and all associated crosses.
Additionally, Italian prelim CPI came in as expected at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Euro-area CPI (m/m) In 10 Minutes…

Posted: 31 Mar 2011 01:50 AM PDT

Forex – USD/JPY Slips As Traders Take Profits After Dollar Rally

Posted: 31 Mar 2011 01:45 AM PDT

Forex Pros &ndash; The dollar slipped against the yen on Thursday, as investors locked in profits following the dollar&rsquo;s recent rally; however the yen&rsquo;s gains were limited amid expectations that the Bank of Japan would lag the Federal Reserve in raising interest rates.<br /><br />USD/JPY hit 82.57 during early European trade, the daily low; the pair subsequently consolidated at 82.81, slipping 0.09%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Daily Outlook For March 31, 2011

Posted: 31 Mar 2011 01:31 AM PDT

By ForexMansion.com
 
The EUR/USD pair snapped a three-day rise on lower confidence reports from the Euro-Zone, on debt woes that continue to stalk investors in Europe. Furthermore, the U.S. economy released its ADP report that estimated that U.S. companies added nearly 200.0 thousand jobs in March, coming ahead of the infamous jobs report on Friday.
Debt problems in Europe had significant spillover on the continent where further instability is expected, according to a paper published by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Lower After NZ Business Confidence Tumbles

Posted: 31 Mar 2011 01:11 AM PDT

Forex Pros &ndash; The New Zealand dollar was lower against its U.S. counterpart on Thursday, after a report showing that New Zealand business confidence plummeted in March.<br /><br />NZD/USD hit 0.7584 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7612, shedding 0.11%.<br /><br />The pair was likely to find support at 0.7546, Wednesday&rsquo;s low and resistance at 0.7635, Wednesday&rsquo;s high and a one-month high.<br … [visit site to read more] or compare Best Credit Cards and Best CD Rates


German Unemployment Change Declines More-than-expected

Posted: 31 Mar 2011 01:02 AM PDT

Forex Pros &ndash; The number of unemployed people in Germany declined significantly more-than-expected in March, official data showed on Thursday.<br /><br />In a report, Germany’s Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -55K in March, after falling by -54K in February, whose figure was revised from a decline -52K.<br /><br />Analysts had expected the number of unemployed people to decline by -29K in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Dips After Touching 29-year High

Posted: 31 Mar 2011 12:56 AM PDT

Forex Pros &ndash; The Australian dollar dipped lower against its U.S. counterpart on Thursday, after hitting a 29-year peak boosted by a better-than-expected domestic retail sales report for February.<br /><br />AUD/USD retreated from 1.0347, the pair&rsquo;s all-time high, to hit 1.0328 during late Asian trade, dipping 0.03%.<br /><br />The pair was likely to find support at 1.0232, Monday&rsquo;s low and resistance at 1.0347, the day&rsquo;s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Advance On Upbeat Earnings; Nikkei Gains 0.48%

Posted: 31 Mar 2011 12:50 AM PDT

Forex Pros &ndash; Asian stock markets were broadly higher on Thursday, as market sentiment was boosted by upbeat corporate earnings, while Japanese exporters advanced amid optimism over the U.S. economic recovery. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index added 0.43%, South Korea’s Kospi Composite climbed 0.73%, while Japan&rsquo;s Nikkei 225 Index gained 0.48%. <br /><br />Hong Kong-listed shares of the world&rsquo;s largest lender by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Hits 4-day High On ECB Rate Hike Remarks

Posted: 31 Mar 2011 12:36 AM PDT

Forex Pros &ndash; The euro rose against the U.S. dollar on Thursday, climbing to a four-day high after a European Central Bank executive board member indicated that the bank was looking at a different rate hike strategy than previously thought.<br /><br />EUR/USD hit 1.1484 during late Asian trade, the pair&rsquo;s highest since last Friday; the pair subsequently consolidated at 1.4182, gaining 0.39%.<br /><br />The pair was likely to find support at 1.4051, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Nationwide HPI Rises Unexpectedly In March

Posted: 31 Mar 2011 12:28 AM PDT

Forex Pros &ndash; U.K. house prices rose unexpectedly in March, industry data showed on Thursday.<br /><br />In a report, U.K. mortgage lender Nationwide said its house price index rose by a seasonally adjusted 0.5% in March, after rising by 0.7% in February, whose figure was revised up from 0.3%.. <br /><br />Analysts had expected the house price index to decline by 0.1% in March.<br /><br />The report showed that year-over-year, home prices in the U.K. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 31, 2011

Posted: 31 Mar 2011 12:23 AM PDT

By ForexMansion.com
Switzerland's leading economic indicator remained strong in March, reaching the highest level in four and a half years.  The KoF came in at 2.24 in March versus 2.19 in February, which was much better than expected and will confirm the outlook for the SNB going forward.  The latest readings of the KoF and PMI are consistent with robust Swiss GDP, upwards near 2.8-3.1% GDP. 
EUR/USD remained resilient in the face of another S&P downgrade to Portugal and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


German Retail Sales Drop Unexpectedly In February

Posted: 31 Mar 2011 12:23 AM PDT

Forex Pros &ndash; Retail sales in Germany fell unexpectedly in February, official data showed on Thursday.<br /><br />In a report, Germany&rsquo;s Statistics Office said retail sales fell by a seasonally adjusted -0.3% in February, after rising by 0.4% in January, whose figure was revised down from 1.4%.<br /><br />Analysts had expected retail sales to rise by 0.4% in February.<br /><br />The data showed that German retail sales rose at annualized … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Daily Outlook For March 31, 2011

Posted: 31 Mar 2011 12:20 AM PDT

By ForexMansion.com
Today, the Swiss economy lacks economic fundamentals and thereby the pair will depend mostly on US data, where the main highlight this week is on US figures after hawkish comments from some Fed officials that stated that the US may cut the second-round stimulus after the progress seen by the economy.
Nevertheless, ADP employment released yesterday showed that the private sector added 201,000 jobs in March, below expectations of 208,000, while today eyes will be on US jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australia Building Approvals Plunge In February

Posted: 31 Mar 2011 12:17 AM PDT

Forex Pros &ndash; The number of new building approvals issued in Australia plunged unexpectedly in February, official data showed on Thursday.<br /><br />In a report, the Australian Bureau of Statistics said new building approvals issued dropped by a seasonally adjusted -7.4% in February, after tumbling by -11.6% in January, whose figure was upwardly revised from a drop of -15.9%.<br /><br />Analysts had expected new building approvals issued to rise by 4.0% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Daily Outlook For March 31, 2011

Posted: 31 Mar 2011 12:12 AM PDT

By ForexMansion.com
 
The AUD/USD continues to move higher and aussie set a new historic high versus the dollar as the general sentiment remains positive.
The Australian dollar has touched the strongest level since 1983, on speculation that global growth will fuel demand for commodities, which are a majority of the nation's exports.
The US fundamentals confirmed that the world’s largest economy is recovering, supporting the market sentiment to improve, which pushed the investors to buy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Daily Outlook For March 31, 2011

Posted: 31 Mar 2011 12:02 AM PDT

By ForexMansion.com
 
The USD/CAD extended its drop on Wednesday for a third consecutive day, where commodity currencies rose in general today despite that oil prices settled today, while the data released on Wednesday regarding the industrial product prices and raw materials prices didn't affect the USD/CAD movement.
Meanwhile, the ADP employment report from the United States showed private employers added 201,000 jobs in March slightly below forecasts, however, investors were still … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Daily Outlook For March 31, 2011

Posted: 31 Mar 2011 12:00 AM PDT

By CommoditiesMansion.com
 
Natural gas rose on Wednesday ending a two-day losing streak, where traders speculated cold weather conditions will lead inventories to drop further, while investors will be waiting for the inventory report which is due on Thursday.
Thursday, 14:30. The EIA will release the weekly natural gas storage change for the week ending March 25, where the report showed last week that natural gas inventories declined by 6 billion cubic feet, and Thursday's report is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Daily Outlook For March 31, 2011

Posted: 30 Mar 2011 11:59 PM PDT

By CommoditiesMansion.com
 
Crude oil were little changed on Wednesday trading within $104 a barrel after the EIA report showed crude oil inventories increased by 2.9 million barrels above expectations, nevertheless, the ongoing rest in the Middle East and North Africa continued to support oil prices, and accordingly, crude oil prices traded within a limited range.
Thursday 12:30, Canada will release the Gross Domestic Product index for the month of January, where the Canadian economy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 31, 2011

Posted: 30 Mar 2011 11:59 PM PDT

By CommoditiesMansion.com

 
The gold market has shown itself to be stuck between the $1,410 area and the $1,430 area over the last couple of days. This seems to have both the bulls and bears stuck in a box that will be very difficult to get out of, as there is support at $1,410 and $1,400 – while there is massive upside resistance at the $1,450 level. Because of this, the gold market looks very neutral at the moment.

Originally posted … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 31, 2011

Posted: 30 Mar 2011 11:58 PM PDT

By CommoditiesMansion.com

 
The $4.20 area that was mentioned as potential support yesterday has proven itself, as this market bounced from that level today. In order to get bearish, we would have to break below the 4 handle, and in order to buy more, we want to see $4.50 get passed by. The President of the United States mentioned several times today that he was anticipating expanding the use of Nat Gas in the US, and as such – could be very bullish for the longer-term as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Forecast For March 31, 2011

Posted: 30 Mar 2011 11:57 PM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL formed a doji today, and appears that it wants to continue its recent sideways move. The $108 is going to be printed before we get another clear bullish signal in this commodity. A break down will find support at the $100 and $95 areas as well. The CL is a completely neutral market at the moment.

Brent
Brent has been even less interesting over the last week and a half than CL. Until this market reaches $118, there is almost no way … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Entergy Lowers Residential Rates

Posted: 30 Mar 2011 11:35 PM PDT

Entergy Corporation (NYSE:ETR) will lower the electricity rates effective April 1, 2011 at Entergy Mississippi following a unanimous voting from the state Public Service Commission (PSC). For an average residential customer using 1,000 kilowatt hours (kWh) per month rates will be $1.16 lower from April through June.
The state PSC agreed to lower the quarterly fuel-rate adjustment as per requests from Entergy. On an average, a typical customer’s bill will be $93.19 per month from April through June … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral On Dr Pepper Snapple

Posted: 30 Mar 2011 11:35 PM PDT

We reiterate our long-term ‘Neutral’ recommendation on Dr Pepper Snapple Group, Inc. (NYSE:DPS) with a target price of $40.00 per share. Dr Pepper Snapple is a leading manufacturer and distributor of non-alcoholic beverages in the U.S., Canada and Mexico.
The company commands a strong portfolio of well-established flagship brands, such as Dr Pepper, Snapple, 7UP, Mott's, Sunkist, A&W, Canada Dry, Schweppes, Hawaiian Punch, Squirt and Peñafiel, which offers a strong competitive advantage to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 30 Mar 2011 11:20 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4161, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday&rsquo;s low, and resistance at 1.4167, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8794 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Lifetime Brands

Posted: 30 Mar 2011 11:05 PM PDT

Lifetime Brands, Inc. (NASDAQ:LCUT) has beaten expectations in each of the past 5 quarters and the most recent surprise has really pointed shares in teh right direction.
Additionally, the valuations and operational metrics are looking great and still getting better for this Zacks #1 Rank (Strong Buy).
Company Description
Lifetime Brands makes branded kitchenware and decor under many brand names including Cuisinart, Calvin Klein, KitchenAid, Farberware and several others.
Earnings 52%
On Mar 10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Helmerich & Payne, Inc. (HP)

Posted: 30 Mar 2011 11:05 PM PDT

With the industry requiring increasingly complex well designs, there is high demand for modern, technologically sophisticated rigs. Given its newest and most technologically-advanced land rig fleet, Helmerich & Payne (NYSE:HP) is well positioned to take advantage of this scenario, while continuing to gain market share and adding value for its shareholders and customers.
A relatively conservative financial policy and a high quality client base are other positives in the Helmerich & Payne … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Pall Corp.

Posted: 30 Mar 2011 11:05 PM PDT

Pall Corp. (NYSE:PLL) continues to pressure its fresh 52-week high on the heels of strong Q2 results from early February that included an impressive 19% earnings surprise. With an average earnings surprise of 17% over the last four quarters and bullish growth projection, this Zacks #1 rank stock has plenty of momentum.
Company Description
Pall Corporation manufactures and sells medical technologies and industrial goods worldwide. The company was founded in 1946 and has a market cap of $6.62 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Carnival Corp. (CCL)

Posted: 30 Mar 2011 11:05 PM PDT

Carnival Corporation’s (NYSE:CCL) first quarter 2011 earnings matched the Zacks Consensus Estimate. However, surging fuel prices are acting as the major hindrance to the company’s growth. Moreover, greater exposure to a sluggish European market, overall inflationary outlook, political disturbances in some geographies and lower near-term Caribbean pricing will be headwinds for the company.
The company also reduced its net revenue yield guidance for fiscal 2011. Thus, we downgrade the stock from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: McDonald's Corporation

Posted: 30 Mar 2011 11:05 PM PDT

McDonald’s Corporation (NYSE:MCD) recently posted a 3.9% increase in global comparable sales for the month of February. This prompted analysts to raise their earnings estimates, sending the stock to a Zacks #2 Rank (Buy).
The company is also shareholder-friendly, having spent $5.1 billion on stock buybacks and dividend payouts in 2010. It currently yields an attractive 3.2%.
Estimates Rising
Analysts have been raising estimates since the company reported better-than-expected sales for February. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Euro Lower On Worse German Retail Sales

Posted: 30 Mar 2011 11:02 PM PDT

German Feb retail sales fell 0.3% from the previous month (up 1.1% yearly); worse than expected.
U.K. house prices rise 0.5% on themonth, and 0.1% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up In Asian Trade

Posted: 30 Mar 2011 10:50 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6111, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Monday&rsquo;s low, and resistance at 1.6120, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8786 and GBP/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 30 Mar 2011 10:20 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.2983, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.2889, Tuesday&rsquo;s low, and resistance at 1.3039, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.4151 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EUR/USD Hourly Resistance Around 1.4143

Posted: 30 Mar 2011 10:15 PM PDT

It appears the market has lost some of the wind from its sails as Asia exited and we await the opening of the European markets. The EUR/USD has traded in a 30 point range thus far today as it appears to have found resistance around the 61.8% fibo line on the move from Friday's high to Monday's low. The pair made some slight moves through the level, but could not secure a close above here. 1.41195 will be our target if resistance continues to hold, but a close higher could signal further … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During Asian Trade

Posted: 30 Mar 2011 09:50 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Thursday.<br/><br/> USD/CHF was trading at 0.9172, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 0.9140, Tuesday&rsquo;s low, and resistance at 0.9275, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.4144 and USD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The Asian Session

Posted: 30 Mar 2011 09:20 PM PDT

Forex Pros – The Euro was lower against the British Pound on Thursday.<br/><br/> EUR/GBP was trading at 0.8788, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8753, Wednesday&rsquo;s low, and resistance at 0.8836, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.09% to hit 1.4140 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During Asian Trade

Posted: 30 Mar 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 82.76, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 81.32, Monday&rsquo;s low, and resistance at 83.21, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.05% to hit 1.4134 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Public Sector Premium For Principals

Posted: 30 Mar 2011 08:18 PM PDT

Principals in private and public elementary and secondary schools.

Average Salaries, 2007-2008

Age
Public
Private
Public Premium

 Under 40
$80,600
$47,300
70.40%

 40 to 44
$84,900
$54,800
54.93%

 45 to 49
$86,000
$55,000
56.36%

 50 to 54
$88,100
$59,500
48.07%

 55 or over
$91,500
$63,700
43.64%

Average
$86,900
$58,300
49.06%

In a recent CD post, I featured the public sector premium for full-time elementary and secondary school teachers, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up In Asian Trading Hours

Posted: 30 Mar 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9712, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.9688, Wednesday&rsquo;s low, and resistance at 0.9824, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.06% to hit 1.4136 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Wednesday, March 30, 2011

Posted: 30 Mar 2011 08:03 PM PDT

Stocks continued their march higher today as the major indexes rose at least 0.6%.  The action today moves the support/resistance levels in the S&P 500 and Nasdaq Composite higher but keeps the DJIA levels the same (see below).  Investor participation continues to be lacking and remains an area of concern that the recent rally does carry the potential for downside risk and is nothing more than window dressing.  Market breadth continues to be strong and does not indicate … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During Asian Trade

Posted: 30 Mar 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0333, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.0205, Tuesday&rsquo;s low, and resistance at 1.0347, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.08% to hit 1.3689 and AUD/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 30 Mar 2011 07:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4139, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday&rsquo;s low, and resistance at 1.4149, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8779 and EUR/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During Asian Trade

Posted: 30 Mar 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Thursday.<br/><br/> EUR/JPY was trading at 117.31, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 114.21, Monday&rsquo;s low, and resistance at 117.54, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.08% to hit 1.4139 and EUR/GBP falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ah-Ha Moment

Posted: 30 Mar 2011 06:32 PM PDT

(Image: source.)
Ah-ha! I finally figured out why the clowns our leaders in Washington and the fools “experts” on Wall Street are so positive: they’ve been getting their updates on the economy from the Daily Pygmy!
“Recession a Myth, Say Absurdly Rich People”
According to a survey of the top point one percent wealthiest Americans, there is no such thing as recession. Of the 300 millionaires and billionaires surveyed, only two of them said that a recession had taken place since the housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tomorrow’s Trades (Today!), HUI Miners Index And US Dollar

Posted: 30 Mar 2011 06:32 PM PDT

I would like to offer this update to the results of the Tomorrow’s Trades (Today!) service I started 5 weeks ago and highlight a pair of new trades for tomorrow morning.

I have recommended a total of 18 stock purchases in the past 5 weeks, each with a specific buy and sell price.  To date 9 of the trades have successfully closed, and 9 trades are still waiting for the suggested sell price to be hit.

In this timeframe, the HUI mining index has appreciated 2.5% for an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Forecast For March 31, 2011

Posted: 30 Mar 2011 06:08 PM PDT

By ForexMansion.com

 
The USD/CHF printed a bearish shooting star today, right at the 0.92 resistance level. This signals a very likely move down in this pair as the overall trend lines up with this outlook as well. The pair could see as low as 0.88, and buying it is very highly discouraged at this point. A break above 0.93 needs to be seen before a long can even remotely be considered.

Originally posted … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Forecast For March 31, 2011

Posted: 30 Mar 2011 06:06 PM PDT

By ForexMansion.com

 
The USD/CAD printed a bullish hammer at the 0.97 level today, and shows that the area continues to be supportive. Shorting from here is almost impossible until we get a daily close below the 0.97, and buying this pair is probably the correct route for the very short-term. Until we see a 0.96 handle print, this is a scalper's market.

Originally posted … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD/USD Forecast For March 31, 2011

Posted: 30 Mar 2011 06:02 PM PDT

By ForexMansion.com

 
The NZD/USD continues its bullish move today, printed a close in the 0.76 range, which shows massive strength after a precipitous fall recently. Because of this, 0.78 certainly seems to be in the cards, and the 0.73 area has held up nicely. In fact, until we get below the 0.70 level, shorting this pair is difficult. This pair has jumped significantly, and as such could experience a pullback. But it should be just that.

Originally posted … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Forecast For March 31, 2011

Posted: 30 Mar 2011 06:00 PM PDT

By ForexMansion.com

 
The GBP/USD has found strength at this point, showing the 1.60 as a strong support area yet again. The pair continues to grind northward, and should keep doing so. The pair seems to be a snail's pace market, but keeps making higher highs, and keeps this flat level low. Strength is to be expected, albeit very slowly. A break of 1.60 is bearish, but seems to be very difficult at this juncture.

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GBP/JPY Forecast For March 31, 2011

Posted: 30 Mar 2011 05:58 PM PDT

By ForexMansion.com

 
The GBP/JPY pair is still stuck in a massive range. The pair is currently at the 133 level, and has printed a couple of bullish days in a row. The pair looks like it is supported by the central banks, but has major resistance at the 135 level. The 125 is certainly some kind of floor, and as such – this pair is going to trade between these levels. The pair looks likely to test 135 soon. However, a trade isn't advised all the way up here.

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GBP/CHF Forecast For March 31, 2011

Posted: 30 Mar 2011 05:55 PM PDT

By ForexMansion.com

 
The GBP/CHF pair has printed a bearish shooting star at resistance today. The 1.48 area has been very active in pushing this pair around over the last year, and this time appears to be the same. A short is more likely than not to be triggered at these levels, with an initial target of 1.46. A break above the top of the candle formed today would send traders directly into resistance again. Because of this, selling is preferred.   

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EUR/USD Forecast For March 31, 2011

Posted: 30 Mar 2011 05:53 PM PDT

By ForexMansion.com

 
The EUR/USD made a bit of a hammer today, and looks to be perfectly comfortable hanging around the 1.40-1.4250 areas today. The pair looks very neutral and undecided, yet looks like it wants to retest the highs before it is all said and done. A break above the 1.4250 area shows massive strength, and a break below the 1.40 level looks like it will find 1.38 and 1.3250 area.

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EUR/JPY Forecast For March 31, 2011

Posted: 30 Mar 2011 05:48 PM PDT

By ForexMansion.com

 
The EUR/JPY pair broke out of a 115 resistance level yesterday, and continued the move today. The 120 is in its sights, and going long is the only way to play this pair at the moment. The 115 needs to be supportive at the moment, and a close below could change my mind on this pair. Until then, pullbacks are simply buying opportunities. 

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EUR/GBP Forecast For March 31, 2011

Posted: 30 Mar 2011 05:46 PM PDT

By ForexMansion.com

 
The EUR/GBP continues to hover around the 0.88 level, as it stalls because of the over exuberant buying recently. The pair looks parabolic, and a pullback would be good for the overall health of the uptrend. Look for any weakness to be supported at the 0.86 level, and strength to be capped at 0.90 as well. In the meantime, a signal isn't going to be clear until we decided the issue of 0.88.  

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EUR/CHF Forecast For March 31, 2011

Posted: 30 Mar 2011 05:29 PM PDT

By ForexMansion.com

 
The EUR/CHF fell today at the all-important 1.3000 level. The bar printed was a shooting star, and looks very bearish at this point. A break lower would perhaps send us down to 1.25, and lower. The overall trend is certainly down, and the bar shape suggests that it won't change. A long can only be taken if the 1.3050 level is cleared. A break below today's low is a sell signal.

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AUD/USD Forecast For March 31, 2011

Posted: 30 Mar 2011 05:25 PM PDT

By ForexMansion.com

 
The AUD/USD continues to show strength as we have cleared the 1.03 handle at the close, which was the last area of resistance printed. Because of the new highs, it looks as if the AUD/USD is heading to much higher levels. The recent rectangle consolidation pointed towards 1.07, and this chart does nothing to dissuade that concept. A short position is almost impossibility at this point. Any pullbacks are buying opportunities until we get far below the 1.02 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/NZD Forecast For March 31, 2011

Posted: 30 Mar 2011 05:23 PM PDT

By ForexMansion.com

 
The AUD/NZD fell today as the NZD gained strength all around the market place. The move still hasn't broke support at the all-important 1.35 level, but did finish towards the bottom of the daily range. Because of this, traders may want to pay attention to this pair as the 1.35 needs to hold in order for the bulls to remain in complete control. A break below there isn't necessarily a shorting opportunity, but a warning sign. A bounce form here should be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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