Tuesday, March 22, 2011

DailyMarkets.com - Capital One Cash Rewards For Newcomers

DailyMarkets.com - Capital One Cash Rewards For Newcomers


Capital One Cash Rewards For Newcomers

Posted: 22 Mar 2011 07:35 AM PDT

In my opinion, the Capital One Cash Rewards for Newcomers is a reputable credit card issued by Capital One Financial (NYSE:COF) for Americans with limited or no credit history who are trying to improve their credit score while earning cash back, especially when traveling. This MasterCard (NYSE:MA) offers up to 2% cash back on travel expenses as well as 1% cash back on all other purchases.

If you have had credit cards for less than 3 years or never had any credit card, read on to find out what we … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Forms Double Bottom; Target Remains 0.9575 Below 0.9860

Posted: 22 Mar 2011 07:12 AM PDT

USD/CAD Double Top; 0.9575 Swing Projection; Elliott Wave Count (3/21)
USD/CAD

Short-term to Medium-term
- The USD/CAD is in a correction after forming a double top. It has been in sideways action between 0.98 and 0.9750.
- In the 1H chart we see that the market is now threatening to break above 0.98. We should then target 0.9850 in the near-term pattern breakout projection (taking the width of the pattern and projecting it into the direction of the breakout). We will then bee looking at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Richmond Fed Manufacturing Index Falls More-than-expected

Posted: 22 Mar 2011 07:06 AM PDT

Forex Pros – Manufacturing activity in Richmond fell more-than-expected in March, official data showed on Tuesday.

In a report, the Federal Reserve Bank of Richmond said that its manufacturing index fell to 20.0 in March, compared to a reading of 25.0 in February.

Analysts had expected the index to decline to 23.0 in March.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

According to the report, shipments and new orders grew at a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Citigroup, Crown Castle International, Curis, Dawson Geophysical Company, FORTRESS INVESTMENT GROUP, FormFactor, Globalstar, OptionsXpress Holdings, Charles Schwab, AT&T, TGC Industries

Posted: 22 Mar 2011 07:05 AM PDT

 On Sunday AT&T (NYSE:T) announced its plans to buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal worth $39 billion. However, the deal could face regulatory issues since it would reduce the number of wireless carriers with national coverage to four

 Charles Schwab Corp. (NASDAQ:SCHW) and optionsXpress Holdings (NASDAQ:OXPS) have reportedly signed a definitive agreement under which Schwab will acquire the company

 Truck accessories maker Core Molding Technologies … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Delphi Reiterated At Neutral

Posted: 22 Mar 2011 07:05 AM PDT

We are maintaining our Neutral recommendation on the shares of Delphi Financial Inc. (NYSE:DFG) following the release of fourth quarter 2010 results.
Delphi's fourth quarter earnings were a dime ahead of the Zacks Consensus Estimate, aided by favorable underwriting and investment results.
We believe its subsidiary Safety National, a leader in Excess Workers' Compensation, will show a strong growth going forward, based on rates hike and self-insured retention increase at the outset of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Thumbs Up To Amex’s Capital Plan

Posted: 22 Mar 2011 06:51 AM PDT

American Express Co. (NYSE:AXP) (AmEx) has announced the receipt of the much-awaited approval for its comprehensive capital plan (CCP) from the Federal Reserve that allows the company to deploy its excess cash in returning wealth to investors, primarily through share repurchases and dividend hikes. The company has filed a regulatory filing for the same.
While AmEx maintained its 18-cents quarterly dividend over the last couple of years, no shares have been repurchased in the last ten quarters. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tyco To Buy KEF Holdings Of Arab

Posted: 22 Mar 2011 06:48 AM PDT

Tyco International Ltd. (NYSE:TYC) has entered into an agreement to acquire 75% equity stake in KEF Holdings Ltd., a privately-held company based in the United Arab Emirates. The acquisition is valued at $300 million in cash.
Currently, 55% of KEF business is held by Kottikollon and remaining 45% by Dubai International Capital (DIC). As per the deal, Kottikollon will retain 25% stake in KEF following the closure of the transaction while DIC will sell its entire share in KEF. The acquisition is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Disney On Track In Japan

Posted: 22 Mar 2011 06:47 AM PDT

It is said that will power, persistence, courage and kindness are the only things considered necessary to recover from any adverse situation, which stands true considering the current scenario of Japan as their life is slowly coming on track backed by their incredible works of bravery, humanity and compassion making it an inspiration for the world.
Following the Japanese spirit, The Walt Disney Company (NYSE:DIS) resumed few operations, which were closed down due to the earthquake and tsunami that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURGBP Moves Below 38.2% Fibo And 200 Hour MA

Posted: 22 Mar 2011 06:42 AM PDT

The EURUSD has moved below the 38.2% fibonacci support and the 200 hour MA at the 0.8673 level. This should solicit additional selling pressure on the confirmation of the change in the bias from bullish to bearish on the earlier break of the 100 hour MA (at the 0.8705 level). The catalyst today was the strong CPI out of the UK today which is likely to increase the pressure to raise … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Lower Vs. Most Rivals As Euro, Pound Rally

Posted: 22 Mar 2011 06:30 AM PDT

Forex Pros – The U.S. dollar was lower against most of its major rivals on Tuesday, while the euro and the pound rallied on the back of expectations for near-term interest rate hikes.

During European afternoon trade, the greenback was fractionally higher against the euro, with EUR/USD easing down 0.05% to hit 1.4217.

But the greenback was down against the pound, with GBP/USD climbing 0.41% to hit 1.6374.

Earlier in the day, official data showed that consumer prices in the U.K. rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: Further G-7 Intervention Not Off The Table For Yen, Japan

Posted: 22 Mar 2011 06:30 AM PDT

Fundamental Headlines
• Japan Maintains Threat of Further G-7 Action – WSJ
• U.S. Banks Oppose Tighter Money Rules – WSJ
• China Premier Says 'Urgent Steps' Needed on Trade Imbalance – Bloomberg
• Fed's Pianalto Sees Moderate U.S. Recovery – CNBC
• Rift Over Command of Libya Campaign – Financial Times
USDCAD: The USD/CAD pair pared its recent gains after testing below the 0.9750 level for the second time in two days, an area that has become a new level of resistance. Traders … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 22 Mar 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Japanese Yen: Under Pressure

Posted: 22 Mar 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


British Pound: Under Pressure

Posted: 22 Mar 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro: Capped By A Negative Trend Line

Posted: 22 Mar 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Units Higher As Risk Rebound Points To Rising Yields

Posted: 22 Mar 2011 06:23 AM PDT

The post-earthquake sigh of relief has allowed investors to reposition for a rebound in riskier assets helping put the focus once again on a round of rising interest rates. The dollar seems least likely to benefit in that role call and as such has weakened to its lowest in 15 months against a basket of currencies. Meanwhile the prospect of imminent tightening across the Eurozone and screaming genies of the British variety seemingly let loose from the inflation bottle make the continental pair … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Falls Below Trendline Support. Range Narrow Today

Posted: 22 Mar 2011 06:17 AM PDT

There is a rumor in the market that Allied Irish Bank missed a coupon payment.  This may be contributing to the fall in the EURUSD over the last 30 minutes.
In the FXDD Morning Call I talked about the support from trendline. When this line was broken, along with the 200 bar MA, the pairs selling momentum intensified.

Support comes in at the 1.4202 level now. This was a high from yesterday and a low from today. The narrow range of 45 pips for todays trade suggests that there is an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forms Head And Shoulder And Is In Wave 4; Maximum Target At 1405

Posted: 22 Mar 2011 06:15 AM PDT

Gold in Short-term Bearish Divergence and Double Top (3/21)
Gold (XAU/USD)

Short to Medium Term
- The bearish scenario indeed materialized after the double top and bearish divergence seen yesterday.
- Today the RSI is breaking below 40, and price action has now completed a head and shoulder suggesting further bearish correction.
- As we mentioned yesterday, a correction in a developing bullish impulse wave should not overlap wave 1, and therefore should stay above 1405.
- We see in the 4H … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USB Raises Dividend, Plans Buyback

Posted: 22 Mar 2011 06:09 AM PDT

On Friday,U.S. Bancorp's (NYSE:USB) board of directors approved an increase of 150% in the dividend rateon its common stock. On an annual basis, the dividend comes to 50 cents per share, or 12.5 cents per share on a quarterly basis. The increased dividend for the quarter will be paid on April 15 to shareholders of record as of March 31.
The board of directors also approved USB's share repurchase authorization of 50 million of its outstanding common stock. The new authorization replaced the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PH’s Hybrid Tech Recognized By EPA

Posted: 22 Mar 2011 06:09 AM PDT

Parker Hannifin Corporation's (NYSE:PH) RunWise Advanced Series Hybrid Drive was granted acknowledgement by the United States Environmental Protection Agency (EPA) to be included in the list of technologies, which decreased emissions from heavy-duty diesel engines. The inclusion is a part of EPA's National Clean Diesel Campaign’s Emerging Technologies program, which encourages development of these technologies through provision of financial support. 
With its efficiency to decrease fuel … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Continues To Test 100 Hour MA Resistance

Posted: 22 Mar 2011 06:09 AM PDT

The USDCHF has tested the 100 hour MA 4 separate times over the last 24 hours of trading. The pair is testing a 5th time currently at the 0.9042 level. A break above should solicit additional buying interest in the pair. The key above resistance comes in at the underside of the trendline from the March 17th low at 0.9072 and the  0.9084 which is the 38.2% of the move down from the March 11th high (see chart below)

The USDCHF has been pressured as flight to safety bid keeps the CHF a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stock Futures Point Modestly Higher; Dow Futures Up 0.1%

Posted: 22 Mar 2011 06:05 AM PDT

Forex Pros – U.S. stock futures pointed to a modestly higher open on Tuesday, as investors continued to monitor fighting in Libya and progress over Japan's nuclear crisis. 

Dow Jones Industrial Average futures indicated a gain of 0.1%, the S&P 500 futures eased up 0.05%, while Nasdaq 100 futures implied an increase of 0.2%.

Earlier in the day, a U.S. Military spokesman said that a U.S. F-15 fighter jet crashed in Libya, apparently due to a mechanical failure. Both crew members … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 22 Mar 2011 06:00 AM PDT

03/22/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP Surges Higher As Consumer Prices Jump To 4.4%

Posted: 22 Mar 2011 05:59 AM PDT

The UK Pound was the center of attention today as we had our newest batch of inflation data. The results show that the pace of acceleration accelerated to an annual pace of 4.4% in February, stronger than the 4.0% the country saw in January, and higher than the consensus forecast of 4.2%.

It's the highest level in 2 years and will add pressure to the Bank of England to respond by going through with raising rates sooner than anticipated.

From Bloomberg: Pound Advances, Gilts Decline as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Should Be In Wave 3 Of A Rally To 1.6450, 1.65

Posted: 22 Mar 2011 05:54 AM PDT

GBP/USD Confirms Bullish Continuation and Targets 1.6450, 1.65 (3/21)
GBP/USD

Short-term to Medium-term
- The GBP/USD was spotted yesterday continuing the uptrend after consolidation.
- The 4H chart shows that we are near a channel breakout projection 1.6425. We know at 1.6450 we have a resistance pivot, and the swing projection targets 1.65. The current swing should be able to extend towards this 1.6450-1.65 range.
- This is because the structure of the rally seen in the 1H chart so far … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Moves Higher On Weaker Canadian Data

Posted: 22 Mar 2011 05:40 AM PDT

Retail Sales were much weaker than expected and as a result, the USDCAD has move higher. Retail Sales fell by -0.3% with the expectations of a positive 1.0%. The Ex Autos also was weaker at +0.0% vs +0.7% expectations.

From a technical perspective, the price has moved toward the high for the day at 0.9796. Getting above this level and the 200 hour MA (green line in the chart above) at 0.9802 (the level also corresponds with other trendlines that come in at the level)  should … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canada Core Retail Sales Unexpectedly Flat In January

Posted: 22 Mar 2011 05:37 AM PDT

Forex Pros – Core retail sales in Canada were unexpectedly flat in January, official data showed on Tuesday.

In a report, Statistics Canada said core retail sales, which exclude automobile sales, were flat in January, after rising by 0.6% in December.

Analysts had expected core retail sales to rise by 0.7% in January.

The report showed that retail sales fell unexpectedly in January, declining by 0.3%, after falling by 0.2% in December.  

Analysts had expected retail sales to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PT Newmont Nusa Sells Stake

Posted: 22 Mar 2011 05:36 AM PDT

PT Newmont Nusa Tenggara, a subsidiary of Newmont Mining Corporation (NYSE:NEM) will sell its 7% stake to the Indonesian government.
Newmont holds 45% stake in the company while the Sumitomo Corporation from Japan has an additional 35% and Indonesian company P.T. Pukuafu Indah holds the remaining 20%.
As per the agreement signed under the Indonesian government of Suhar, Newmont and Sumitomo were required to divest 51% of their stake in the joint venture between the Indonesian parties by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Citi Plans Reverse Stock Split

Posted: 22 Mar 2011 05:36 AM PDT

On Monday, Citigroup Inc. (NYSE:C) announced a reverse stock split plan of its common stock and its intention of reinstating dividend payment to shareholders.
According to the nature of the reverse stock split, 10 shares of issued and outstanding Citi common stock will be combined into one share of common stock without any change in the par value per share after the close of trading on May 6, 2011. Moreover, the number of outstanding shares of Citi common stock will be reduced to 2.9 billion from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD At 161.8% Projection With Bearish Divergence

Posted: 22 Mar 2011 05:31 AM PDT

EUR/USD Elliott Wave Scenarios and Breakout Targets (3/21)
EUR/USD

Short-term to Medium-term
- The EUR/USD has not moved much from yesterday, inching up to what is now 161.8% projection (seen in the 4H chart), a common relationship  between wave 3 and wave 1.
- Here at 1.4250, we are also seeing bearish divergence in the 1H chart, as well as the 4H chart. But as seen in the 1H chart, if there is a failed correction, and the market rallies above the current 1.4250 high, we are looking at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Rallies To Fresh 14-month High On U.K. CPI Data

Posted: 22 Mar 2011 05:26 AM PDT

Forex Pros – The pound rallied to a fresh 14-month high against the U.S. dollar on Tuesday, after a report showing that consumer prices in the U.K. rose to a 28-month high in February buoyed expectations for a near-term rate hike by the Bank of England.

GBP/USD hit 1.6402 during European early afternoon trade, the pair's highest since January 19, 2010; the pair subsequently consolidated at 1.6388, gaining 0.49%.

Cable was likely to find support at 1.6202, Monday's low and short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Adobe Systems

Posted: 22 Mar 2011 05:07 AM PDT

Adobe Systems Inc. (NASDAQ:ADBE) is slated to release its first quarter 2011 earnings results on March 22. Analyst estimates have not moved around too much in the past few days and we think this could be because they are awaiting management commentary on the situation in Japan.
Negatives
We expect downward revision to estimates for following quarters based on the crisis in Japan. Adobe has a significant portion of business coming from the country (12.6% in 2010, 13.9% in 2009 and 12.6% in 2008). So … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Markets’ Big Test At The 50 Day MA (SPY, IWM, QQQQ, DIA)

Posted: 22 Mar 2011 04:55 AM PDT

Market Confirmation: Market Uptrend Broken

Short Term Action: Old support levels being tested in attempt to re-establish uptrend

We are in day 3 of a bounce after surviving one of the ugliest weeks in the last year. Just like markets can't go straight up without pulling back and refreshing itself, a market can't go straight down without bouncing. It's where we bounce and what the volume looks like that tells us what will most likely happen next.

The market bounced last week … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Steady As ECB Rate View Unchanged On Japan

Posted: 22 Mar 2011 04:50 AM PDT

Forex Pros – The euro was trading close to a four-and-a-half-month high against the U.S. dollar on Tuesday, after a senior European Central Bank policymaker said the banks near-term inflation outlook remained unchanged in the wake of Japan's triple disaster.

EUR/USD hit 1.4204 during European late morning trade, the pair's highest since November 4; the pair subsequently consolidated at 1.4233, easing up 0.05%.

The pair was likely to find support at 1.4138, Monday's low and short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 22, 2011

Posted: 22 Mar 2011 04:45 AM PDT

By ForexMansion.com
Riskier assets performed well broadly across the capital markets spectrum.  Equity prices as well as commodities moved higher, and the Yen eased against most major currencies.
The nuclear crisis in Japan appears to be getting under control as power is restored to parts of the Fukushima plant. Japanese markets are closed due to Vernal Equinox Day. The G7 intervention appears to have been effective in stemming yen appreciation. The coordinated action was sufficient to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 22, 2011

Posted: 22 Mar 2011 04:45 AM PDT

By ForexMansion.com
Riskier assets performed well broadly across the capital markets spectrum.  Equity prices as well as commodities moved higher, and the Yen eased against most major currencies.
The nuclear crisis in Japan appears to be getting under control as power is restored to parts of the Fukushima plant. Japanese markets are closed due to Vernal Equinox Day. The G7 intervention appears to have been effective in stemming yen appreciation. The coordinated action was sufficient to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. CBI Industrial Order Expectations Improve To 3-year High In March

Posted: 22 Mar 2011 04:12 AM PDT

Forex Pros – U.K. industrial order expectations improved significantly more-than-expected in March, rising to the highest level since March 2008, industry data showed on Tuesday.

In a report, the Confederation of British Industry said its index of industrial order expectations improved to 5.0 in March, compared to reading of -8.0 in February.

Analysts had expected the index to post a reading of -6.0 in March.

On the index, a reading above 0.0 indicates increasing order volume is expected, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Actively-Managed ETFs To Challenge Traditional Funds

Posted: 22 Mar 2011 04:00 AM PDT

With 36 actively-managed ETFs now trading in the US and another 12 available to investors in Canada, investors now have access to active management within an ETF wrapper. Exchange-traded funds can no longer be assumed to be solely providing passive, index-based exposure to the market. Investors who have had to stick to mutual funds for many years because of their need for active management now have another option available to them. Benjamin Shepherd, writing for InvestingDaily, believes … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Slips Amid Concerns Over Higher Oil Prices

Posted: 22 Mar 2011 03:53 AM PDT

Forex Pros – The U.S. dollar slipped against the Swiss franc on Tuesday, as crude oil prices remained well supported by U.S. led air strikes in Libya, fanning concerns over the impact of higher energy costs on the U.S. economy.

USD/CHF hit 0.9011 during European morning trade, the daily low; the pair subsequently consolidated at 0.9028, sliding 0.18%.

The pair was likely to find support at 0.8895, the low of March 15, and the all-time low and short-term resistance at 0.9089, last Friday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Forecast For March 22, 2011

Posted: 22 Mar 2011 01:45 AM PDT

By ForexMansion.com

 
The USD/JPY sat still today, and with good reason. We now know that several central banks around the world intervened in this pair a few days ago, and now it leaves traders to wonder how to approach it.
The move did fail at the bottom of the previous pennant that we have been watching – so technically it is still a very bearish chart. However, most traders want nothing to do with fighting random central banks, and that will probably keep them away from this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Forecast For March 22, 2011

Posted: 22 Mar 2011 01:44 AM PDT

By ForexMansion.com

 
The USD/CAD fell today, but found support at the 0.98 area like recent attempts to completely break it down have ended. We have a clearly defined area that this pair wants to play in now, and that is between 0.97 and 1.0000 as it has been struggling to break out of either side of this range.
Until we can get a break in one direction or another – this is a scalping pair, with the shorter-term charts being the preferred entry.

 
More March 22, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Forecast For March 22, 2011

Posted: 22 Mar 2011 01:42 AM PDT

By ForexMansion.com

 
Cable has been trading water between 1.60 and 1.63 for weeks now. However, this last run looks more bullish as far as the candles are concerned. In order to continue to the upside in this pair, we will want to see a daily close above the 1.6350 area, and a continuation. As long as we hold above the 1.60 area, this pair should be thought of as bullish, albeit grindingly so.
A break above the 1.63 area should clear the way for a longer-term move to 1.68-1.70, while … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Forecast For March 22, 2011

Posted: 22 Mar 2011 01:41 AM PDT

By ForexMansion.com

 
The AUD/USD rose today, breaking the parity level that gave us pause when accessing its continued bullishness. Because of this, it now appears that this pair is destined to retest the 1.02 level as it is the top of this consolidation range.
What was once thought of as an ascending triangle is now a rectangle. Because of this, the implied move is a bit smaller as the rectangle is only 500 pips, while the triangle measured 700. If we get that break above 1.02 that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/NZD Forecast For March 22, 2011

Posted: 22 Mar 2011 01:40 AM PDT

By ForexMansion.com

 
The AUD/NZD pair has been a one-way ride north for a long time now. Because of this, it is no surprise that it needs to rest at these lofty levels. Once it broke out above the 1.35 level, there was no doubt to which direction it prefers. Because of this, the pair should be bought on dips, and not sold at all. In order to even think about a bearish case – wait until we break down to 1.33 or so.

 
More March 22, 2011 Technical Analysis:

EUR/USD Forecast for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 22, 2011

Posted: 22 Mar 2011 01:36 AM PDT

By CommoditiesMansion.com

 
The Nat Gas market was treading water in a tight range again for the second day in a row. Because of this, it is appearing that the $4.15 area might end up being larger resistance than what was first thought. We could see short-term moves to the downside as the bulls will look to consolidate their power.
The market has defined the $4.20-$4.05 area as the short-term market. Until we see prices above or below these levels, we will more than likely see the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Forecast For March 22, 2011

Posted: 22 Mar 2011 01:35 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract had a very quiet day today, and is closing just $1.28 or so a barrel higher than on Friday. With the recent volatility in the Middle East, the market could use a few more days like this to be honest.
As it stands, look to Friday's bar for guidance. A close below it – and we could see weakness. However, the $100 area should be relatively supportive and could give shorts an issue. A break above the Friday high in the $104 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 22, 2011

Posted: 22 Mar 2011 01:34 AM PDT

By CommoditiesMansion.com

 
Gold rallied today, but seemed to run out of steam towards the end of the day. Because of this, the market formed a "shooting star", a bearish and exhaustive bar. The gold market is still a buy only market at this time, but could show very short-term weakness as well will try to consolidate in the $1,410 area. Any break above today's highs would be a trigger for more buying. A break below the $1,380 area is needed to comfortably short this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Caza Oil Amp; Gas Disappointed By Results Of Arran Well

Posted: 22 Mar 2011 12:44 AM PDT

US focused oil and gas company Caza (LON:CAZA) announced this morning that its Marian Baker #1 well on the Arran prospect in Acadia Parish, Louisiana, was set to be plugged and abandoned after failing to discover commercial levels of hydrocarbons. The well was drilled to a total depth of 15,462 feet and although several sand sections exist throughout the wellbore, the log data indicates that the targeted Middle Frio section between 12,500-15,462 feet has extremely low porosity and permeability. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD/USD Forecast For March 22, 2011

Posted: 21 Mar 2011 06:00 PM PDT

By ForexMansion.com

 
The Kiwi dollar has been acting very bullish over the last several trading sessions, with today being no different. However, we are now at what would be considered the "line in the sand" at 0.7350. If the pair can climb as high as 0.7450, it will have cleared a major hurdle, and should retest the top of the former consolidation area at 0.7800. If the pair breaks below, and to lower lows than seen over the last two weeks, we could see a move down to 0.70, 0.65. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Forecast For March 22, 2011

Posted: 21 Mar 2011 05:56 PM PDT

By ForexMansion.com

 
The Dollar-Franc pretty much sat still today, as traders seem to be more than happy to sit on their hands at the moment. The pair is clearly in bear mode, and as such should not be bought at the moment. In fact, the only real trade is one of two things: wait until we get a nice selling opportunity at the 0.92 level, which has served as support previously, or to simply ignore this pair for the mean time.

 
More March 22, 2011 Technical Analysis:

EUR/USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Forecast For March 22, 2011

Posted: 21 Mar 2011 05:32 PM PDT

By ForexMansion.com

 
The EUR/USD continued its climb northward today, and stopped right at the previous high, the 1.4250 area. It is possible that we will see a pullback, as bulls try and gather more steam. If we do, a pullback to 1.40 would be preferred as an entry, with a pullback to 1.38 bringing the whole move in doubt. A break above the 1.4250 should bring in fresh new buying and push this pair to 1.45, or possibly even higher.

 
More March 22, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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