Wednesday, March 16, 2011

DailyMarkets.com - 27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us

DailyMarkets.com - 27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us


27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us

Posted: 16 Mar 2011 03:35 AM PDT

How much of a threat is the nuclear crisis in Japan?  That question is on the minds of millions of people around the globe tonight.  Unfortunately, the Japanese government and the mainstream media have both been doing their best to downplay this crisis.  Even though there have been massive explosions at the Fukushima Dai-ichi nuclear facility, authorities in Japan have still been very stingy with information and they keep insisting that the situation is under control.  But the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss ZEW Economic Expectations Improve In March

Posted: 16 Mar 2011 03:09 AM PDT

Forex Pros – Economic sentiment in Switzerland improved in March, data showed on Wednesday.

In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved to -13.5 in March, compared to a reading of -17.2 in February.

A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.

Following the release of the data the Swiss franc was down against the U.S. dollar, with USD/CHF climbing 0.1% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Flash CPI Rises In Line With Expectations In February

Posted: 16 Mar 2011 03:07 AM PDT

Forex Pros – Consumer price inflation in the euro zone rose broadly in line with expectations in February, official data showed on Wednesday.

In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.4% in February, unchanged from a preliminary estimate.
 
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose less-than-expected in February, increasing by a seasonally adjusted 1.0%, falling short of expectations of 1.1%. 

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


Forex Trading: Euro-zone CPI

Posted: 16 Mar 2011 03:04 AM PDT

CPI (y/y) – Survey: 2.4%   Actual: 2.4%   Prior: 2.4%
Core CPI (y/y) – Survey: 1.1%   Actual: 1.0%   Prior: 1.1%

The market had a limited reaction to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Inches Higher As Risk Aversion Subsides

Posted: 16 Mar 2011 03:00 AM PDT

Forex Pros – The U.S. dollar inched higher against the Swiss franc on Wednesday, easing off the pair's all time low as stock prices recovered but the Swissie remained supported amid uncertainty over the ongoing nuclear emergency in Japan.

USD/CHF hit 0.9198 during European morning trade, the daily high; the pair subsequently consolidated at 0.9175, easing up 0.10%.

The pair was likely to find short-term support at 0.9138, Tuesday's low and a record low and resistance at 0.9250, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Claimant Count Change Declines Unexpectedly In February

Posted: 16 Mar 2011 02:36 AM PDT

Forex Pros – The number of people claiming unemployment benefits in the U.K. declined unexpectedly in February, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the claimant count fell by a seasonally adjusted 10,200 in February, after rising by 1,500 in January, whose figure was revised down from 2,400.

Analysts had expected the claimant count to rise by 1,300 in February.

Meanwhile, the rate of unemployment rose unexpectedly in January, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals As Risk Appetite Stages Modest Recovery

Posted: 16 Mar 2011 02:19 AM PDT

Forex Pros – The U.S. dollar was mixed against its major rivals on Wednesday, as risk appetite staged a modest comeback, dampening demand for safe haven currencies but uncertainty over Japan's nuclear emergency continued.

During European morning trade, the greenback eased up against the yen, with USD/JPY rising 0.13% to hit 80.82.

Japanese authorities were battling to contain the fallout from the damaged Fukushima Daiichi nuclear plant, which was hit by the earthquake and tsunami that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil May Rise On Bahrain Unrest And Inventory Data, Gold Outlook Clouded

Posted: 16 Mar 2011 02:04 AM PDT

Commodities – Energy
Crude Oil May Rise on Bahrain Unrest, Inventories
WTI Crude Oil (NY Close): $97.18 // -$4.01 // -3.96%
Commentary: Crude prices declined yesterday as Japanese refining capacity remained largely offline in the aftermath of the Tohoku earthquake and subsequent tsunami, but the makings of a rebound appear to be emerging. Tensions in the Middle East threaten to jump back into the forefront as Gulf Cooperation Council (GCC) troops begin putting down unrest in Bahrain, where … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Eases Up To Daily High As Sentiment Improves

Posted: 16 Mar 2011 02:03 AM PDT

Forex Pros – The pound strengthened against the U.S. dollar on Wednesday, as stronger market sentiment dampened demand for safe haven currencies, but uncertainty over the continuing nuclear emergency in Japan remained.

GBP/USD hit 1.6131 during European morning trade, the daily high; the pair subsequently consolidated at 1.6093, easing up 0.09%.

Cable was likely to find support at 1.5977, Tuesday's low and resistance at 1.6184, Tuesday's high.

Earlier in the day, the Bank of Japan … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Slips Slightly After Portugal Downgrade

Posted: 16 Mar 2011 01:28 AM PDT

Forex Pros – The euro was slightly lower against the U.S. dollar on Wednesday, after Moody’s Investor Services announced a downgrade of Portugal’s long-term government bond ratings.

EUR/USD hit 1.3959 during early European trade, the daily low; the pair subsequently consolidated at 1.3976, sliding 0.17%.

The pair was likely to find support at 1.3854, Tuesday's low and resistance at 1.4035, the high of March 7 and a four-month high.

Moody’s downgraded its ratings by two notches, to A3, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Rebounds As Modest Risk Appetite Returns

Posted: 16 Mar 2011 01:15 AM PDT

Forex Pros – The Australian dollar rebounded from a two-month low against its U.S. counterpart on Wednesday, as risk appetite made a cautious re-emergence but uncertainty remained over the ongoing nuclear crisis in Japan.

AUD/USD hit 0.9963 during late Asian trade, the daily high; the pair subsequently consolidated at 0.9940, gaining 0.31%.

The pair was likely to find support at 0.9814, Tuesday's low and a two-month low and resistance at 1.0105, Tuesday's high.

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


Oil Forecast For March 16, 2011

Posted: 16 Mar 2011 01:11 AM PDT

By CommoditiesMansion.com

Light Sweet Crude
The CL contract fell hard today, as traders as selling everything they can in a panic response to the events in Japan. Never mind the fact that demand for crude has remained the same, or that the Middle East still sees protests going on, people sell in times like these.
The truth is that the CL is lining up to give us great buying opportunities. As you can see from the charts, the support area at $100 has given way, but there is an even stronger one … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 16, 2011

Posted: 16 Mar 2011 01:10 AM PDT

By CommoditiesMansion.com
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Gold had a very bearish day today, dropping over $30 an ounce in NYMEX trading. As we had recently pointed out, the shooting star signaled short-term weakness, with support being $1400. The bar has managed to break below that, and as such has to be taken seriously.
The bar slammed into the $1,380 support level, and that would have been our first target if we were selling. However, the level held, and as such should be considered a trigger. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD CAD Forecast For March 16, 2011

Posted: 16 Mar 2011 01:02 AM PDT

By ForexMansion.com
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This pair acted in an out of control manner today. This pair smashed through the 0.98 level and beyond, only to come back and retest the same level as support later. This should be very supportive for this pair. The area it now sits above the area, and shows that we may reenter the 0.98 – 1.000 level from before.
A break below 0.98 signals a retest of the 0.97 level, and as long as we are above the 0.98 level, we are likely to drift higher, albeit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP USD Forecast For March 16, 2011

Posted: 16 Mar 2011 01:01 AM PDT

By ForexMansion.com
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Cable has been hanging around the 1.60 level for several days, and even formed a hammer on last Friday which was very supportive. Since then, we have gone up, then down. Because of this, the pair is going to be for the patient only.
As we mentioned last week, this pair still has an upside bias, but would be a slow grind at best. Until the 1.60 gets broken below, the pair looks bullish. A look at the lower time frames shows that the 1.60 level is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Rebounds From 5-month Low As Risk Appetite Recovers

Posted: 16 Mar 2011 01:01 AM PDT

Forex Pros – New Zealand's dollar rebounded from a five-month low against its U.S. counterpart on Wednesday, as risk appetite staged a modest recovery but uncertainty remained about Japan's nuclear emergency.

NZD/USD hit 0.7350 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7343, gaining 0.36%.

The pair was likely to find support at 0.7265, Tuesday's low and a five-month low and resistance at 0.7405, Tuesday's high.

Earlier Wednesday, the Bank of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR USD Forecast For March 16, 2011

Posted: 16 Mar 2011 12:59 AM PDT

By ForexMansion.com
<br />
The EUR/USD pair fell hard, and then snapped back during trading today. As the EUR/USD fell, we saw a bounce at roughly the 1.3850 level, and the action shows that we are more than likely going to blast through the 1.40 mark sooner or later. The fact that the Nikkei was down over 10% last night, and this pair managed to pick it back up, shows that it will probably overcome most obstacles in the near future.
Any close above the 1.40 on the daily chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates


A Bounce In A Downtrend But Nikkei Rebounds

Posted: 16 Mar 2011 12:58 AM PDT

With the Nikkei (Japan Market) finally rebounding tonight, the bulls are breathing a sigh of relief before Wednesday's open.  Tuesday saw us break more support levels all the way down to the 100-day SMA before the dip-buyers went to work.  After hitting the support level and looking very oversold, we bounced all the way up towards the highs of the day.  1275 was a key support level in the S&P 500 (SPX) that turned into resistance and we were able to close above that, giving some … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD USD Forecast For March 16, 2011

Posted: 16 Mar 2011 12:57 AM PDT

By ForexMansion.com
<br />
 
The AUD/USD pair smashed through the bottom of the massive triangle it was bound in recently. This is a very bearish signal, and as such should be taken into account when looking at this pair.
The 0.98 area was an area that we were watching as potential support on a break down. This area has held, and has been supportive. Like we talked about before, until we break below 0.98 – the "all clear" sell signal isn't in play yet. A break below … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD JPY Forecast For March 16, 2011

Posted: 16 Mar 2011 12:55 AM PDT

By ForexMansion.com

This pair is without a doubt one of the toughest pairs to trade at the moment. We have seen the triangle retested, and it has held. It appears that we are entering a new bear market, and this pair should be sold only. However, the 80 handle is without a doubt major support. A daily close below that is going to send this pair much, much, much lower. Until we break below that area, you should sit idle. Buying this pair is not recommended.

 
More March 16, 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD NZD Forecast For March 16, 2011

Posted: 16 Mar 2011 12:53 AM PDT

By ForexMansion.com
<br />
This pair smashed through the 1.35 level a few weeks ago, and has retested it today. This pair has even printed a hammer at the level, and is hinting at potential strength if we can get above the 1.3570 level. Because of the overall trend, traders will certainly prefer to be long in this pair, and selling isn't advised. However, if we can get below 1.35, a short-term fall could be in the cards. The smart money will undoubtedly be looking for longs … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Rebound On Bargain Buying; Nikkei Jumps 5.7%

Posted: 16 Mar 2011 12:51 AM PDT

Forex Pros – Asian stock markets rose for the first time this week on Wednesday, as investors entered the market for bargain hunting on speculation selloffs since Japan's devastating earthquake had been excessive.

During late Asian trade, Hong Kong’s Hang Seng Index gained 0.21%, Australia's S&P/ASX 200 Index added 0.65%, while Japan's Nikkei 225 Index jumped 5.7%. 

Earlier in the day, the president of the Tokyo Stock Exchange appealed for calm after Japanese stocks suffered … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 16, 2011

Posted: 16 Mar 2011 12:46 AM PDT

By CommoditiesMansion.com
<br />
Natural Gas had a very volatile day today as we went down and hit our selling target, and then bounced back and closed the day slightly up. The thinking is that liquid natural gas is going to be shipped to Japan for a temporary energy solution. If there is any news announcement of this – expect a big rally in this commodity.
However, you must remember that we are still in a long-term bearish market, and the Japanese use of LNG is unlikely to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Edges Higher, But Nuclear Fears Remain

Posted: 16 Mar 2011 12:37 AM PDT

Forex Pros – The U.S. dollar edged higher against the yen in volatile trade on Wednesday, recouping some of the previous day's losses, even amid the threat of a major radiation leak from the stricken Fukushima Daiichi nuclear power facility.

USD/JPY clawed back up from 80.73, the daily low to hit 80.93 during late Asian trade, gaining 0.27%.

The pair was likely to find support at 80.57, last Friday's low and a four-month low and resistance at 82.04, Tuesday's high.

The dollar’s gains … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD CHF Forecast For March 16, 2011

Posted: 16 Mar 2011 12:05 AM PDT

By ForexMansion.com
<br />
The USD/CHF has been bouncing around between the 0.92 and 0.93 for the last month as we have been waiting to find out if the support level would hold. As you can see, it hasn't. So the pair looks bearish at this point, and will attempt to target the 0.88 level as based upon a measurement of the previous consolidation rectangle.
A break above 0.93 would be very bullish, however unlikely. The smart money is certainly selling at this point, as the down … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD USD Forecast For March 16, 2011

Posted: 15 Mar 2011 11:53 PM PDT

By ForexMansion.com
<br />
NZD/USD has broken through a major support area at the 0.7350 level. As this break shows, the pair now will find itself on the back foot unless it can rise back above it. The suggested move below would be down to the 0.70 area, and could be fairly quick. If we can rise above the 0.7350 level, it would show you its strength, and as such could rally to 0.7800 – however it should be said that it will struggle on its way up.

 
More March 16, 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 15 Mar 2011 11:20 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3976, down 0.16% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4013, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8698 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Capella Education (CPLA)

Posted: 15 Mar 2011 11:05 PM PDT

Capella Education’s (NASDAQ:CPLA) fourth-quarter 2010 earnings missed the Zacks Consensus Estimate, but grew 23.9% from the year-ago quarter. Total revenue also rose 21.3% during the quarter.
However, a slowdown in student enrollment was witnessed in the quarter. After increasing 25.7% in third-quarter 2010, the rate of growth in enrollment dropped sharply to 16.2% in the fourth quarter. This led Capella to forecast a 4.5% to 6.5% rise in total enrollment and an 8.5% to 9.5% growth in the top line … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: The Cooper Companies (COO)

Posted: 15 Mar 2011 11:05 PM PDT

We reaffirm our Outperform rating on The Cooper Companies (NYSE:COO) following its healthy first-quarter fiscal 2011 results and management’s buoyant outlook. Earnings for the quarter outshined the Zacks Consensus Estimate while profit roughly doubled year over year, powered by healthy growth across the board.
Cooper proves to be a turnaround story based on rationalization of plants, successful product launches and better execution. Also, the industry outlook has improved with an expectation of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Interpublic Group Of Companies, Inc.

Posted: 15 Mar 2011 11:05 PM PDT

Analysts have been raising their estimates for Interpublic Group of Companies, Inc. (NYSE:IPG) after the company delivered strong Q4 results in late February. Based on current Zacks Consensus Estimates, earnings per share are expected to grow 29% in 2011 and 25% in 2012.
The company is also optimistic about its outlook. Its board of directors recently initiated a regular quarterly dividend and a $300 million share repurchase program. It is a Zacks #2 Rank (Buy) stock.
Company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: WebMD Health Corp.

Posted: 15 Mar 2011 11:05 PM PDT

WebMD Health Corp. (NASDAQ:WBMD) recently spiked to a new multi-year high on the heels of strong Q4 results that included a 9% earnings surprise. With an average earnings surprise of 17% over the last four quarters and bullish growth projection, this Zacks #1 rank stock offers a health dose of momentum.
Company Description
WebMD Health Corp. provides health information services to consumers and healthcare professional through public and private portals primarily in the United States and has a market … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Fairchild Semiconductor

Posted: 15 Mar 2011 11:05 PM PDT

Fairchild Semiconductor International, Inc. (NYSE:FCS) is coming off of a record year and estimates are making their way higher.
If you are looking for a good stock to buy on the dip, this Zacks #1 Rank (Strong Buy) could be an excellent choice.
Company Description
Fairchild Semiconductor makes power analog, discrete and some non-power semiconductor solutions. These products have consumer, communications, automotive and other applications.
Record Cash Flow
On Jan 20 Fairchild Semiconductor … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down In Asian Trade

Posted: 15 Mar 2011 10:50 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.6076, down 0.03% at time of writing.

The pair was likely to find support at 1.5978, Friday's low, and resistance at 1.6198, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8697 and GBP/JPY rising 0.21% 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: 15 Mar 2011 10:20 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Wednesday.

EUR/CHF was trading at 1.2810, down 0.16% at time of writing.

The pair was likely to find support at 1.2736, Tuesday'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 0.20% to hit 1.3970 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During Asian Trade

Posted: 15 Mar 2011 09:50 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9176, up 0.11% at time of writing.

The pair was likely to find support at 0.9142, Tuesday's low, and resistance at 0.9359, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.20% to hit 1.3971 and USD/JPY rising 0.17% 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: 15 Mar 2011 09:20 PM PDT

Forex Pros – The Euro was lower against the British Pound on Wednesday.

EUR/GBP was trading at 0.8700, down 0.07% at time of writing.

The pair was likely to find support at 0.8590, Friday's low, and resistance at 0.8710, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.24% to hit 1.3966 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During Asian Trade

Posted: 15 Mar 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.

USD/JPY was trading at 80.83, up 0.14% at time of writing.

The pair was likely to find support at 80.61, Tuesday'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 0.23% to hit 1.3966 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wall Street Says, “Buy Toyota”… We Say, “No Chance!”

Posted: 15 Mar 2011 08:18 PM PDT

Another day… another massive drop for Japan's Nikkei 225 stock exchange. Following Monday's 6.2% selloff, the market tumbled by a further 10.5% today.

In yesterday's column, I warned you about three Japanese investment shocks in the wake of the tsunami disaster and nuclear crisis. But it's time for another cautionary note today – this one concerning the world's largest auto manufacturer, Toyota Motors (NYSE:TM). Here's why…

Another Wall Street Con That You Should … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up In Asian Trading Hours

Posted: 15 Mar 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9864, up 0.06% at time of writing.

The pair was likely to find support at 0.9705, Friday's low, and resistance at 0.9974, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.25% to hit 1.3964 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, March 15, 2011

Posted: 15 Mar 2011 07:35 PM PDT

Sorry for the delay but our update for Tuesday, March 15, 2011 will be posted by 9:00 am on Wednesday, March 16, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, March 15, 2011

Posted: 15 Mar 2011 07:31 PM PDT

The market opened the session on Tuesday with strong losses in the area of approximately 3% on the major indexes due to the turmoil in Japan.  As the session wore on stocks recovered more than half of their losses (a nice sign from a trading perspective).  However, staying with the trend we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  Investor participation was strong and market breadth negative.  In … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During Asian Trade

Posted: 15 Mar 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.

AUD/USD was trading at 0.9936, up 0.26% at time of writing.

The pair was likely to find support at 0.9816, Tuesday's low, and resistance at 1.0159, Friday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.41% to hit 1.4070 and AUD/JPY rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Going On Hiatus ….

Posted: 15 Mar 2011 07:17 PM PDT

As alluded to in an earlier post, this site is will be put on temporary hiatus until further notice.
Since its inception, I've enjoyed (almost) every second of publishing this blog. Moreover, I've cherished and held dear every interaction with anyone who reached out to me (or me them) via the blog and would greatly hope to keep in touch with all of you going forward (despite the status of the blog).
If there was one thing I had to end to with, it would be to say that your support, emails … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 15 Mar 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3976, down 0.17% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4013, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8697 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During Asian Trade

Posted: 15 Mar 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday.

EUR/JPY was trading at 113.16, up 0.14% at time of writing.

The pair was likely to find support at 111.97, Tuesday's low, and resistance at 115.02, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.19% to hit 1.3973 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


A Test Of The Bernanke Put

Posted: 15 Mar 2011 04:56 AM PDT

As I write this, the Nikkei was down 10.5% on the back of worsening news about its nuclear plants. The STOXX has cratered 3.5% and most global bourses are down 2-3%. Dow futures are off over 200 points. Meanwhile, the bond market is on a tear.

Today also happens to be the day of an FOMC meeting. Going into the meeting, there had been some speculation that the Fed may come out with a more hawkish statement in order to bolster its own inflation fighting credentials.

…but then there is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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