Friday, March 18, 2011

DailyMarkets.com - Debt Problem: Who In The World Is Going To Buy The Billions Of Dollars Of Debt The U.S. Government Is Constantly Pumping Out Now?

DailyMarkets.com - Debt Problem: Who In The World Is Going To Buy The Billions Of Dollars Of Debt The U.S. Government Is Constantly Pumping Out Now?


Debt Problem: Who In The World Is Going To Buy The Billions Of Dollars Of Debt The U.S. Government Is Constantly Pumping Out Now?

Posted: 18 Mar 2011 03:35 AM PDT

Is the U.S. government on the verge of a massive debt problem?  For years, the U.S. government has been able to borrow all the money that it has wanted to at extremely low interest rates.  But now many of the lending sources that the U.S. government has been depending on are drying up.  Even before this recent crisis in Japan, a number of big players were moving away from U.S. Treasuries and the U.S. Federal Reserve was having to step in to pick up the slack.  But now this debt crunch … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up In European Trade

Posted: 18 Mar 2011 02:30 AM PDT

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

USD/JPY was trading at 81.32, up 3.08% at time of writing.

The pair was likely to find support at 76.41, Wednesday's low, and resistance at 82.46, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.23% to hit 1.4053 and GBP/USD falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up In European Trading Hours

Posted: 18 Mar 2011 01:55 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.4065, up 0.31% at time of writing.

The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4092, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.52% to hit 0.8735 and EUR/JPY rising 3.58% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The European Session

Posted: 18 Mar 2011 01:10 AM PDT

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

GBP/USD was trading at 1.6130, down 0.04% at time of writing.

The pair was likely to find support at 1.5979, Tuesday's low, and resistance at 1.6198, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.45% to hit 0.8729 and GBP/JPY rising 3.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Central Bank Of Chile Raises Rate 50bps To 4.00%

Posted: 18 Mar 2011 01:08 AM PDT

The Central Bank of Chile raised its benchmark monetary policy interest rate by 50 basis points to 4.00% from 3.50% in order to fight second round effects from a spike in commodity prices. Chile reported inflation of 2.7% in February, compared to the Bank’s 3% inflation target, while core CPI rising 0.2% from the previous month. The Bank noted it would continue to reduce monetary stimulus, and seek to anchor inflation expectations, in the context of domestic and external economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asian Markets Close Higher; Nikkei Up 2.72%

Posted: 18 Mar 2011 12:00 AM PDT

Forex Pros – Asian stocks were up after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index rose 2.72%, Australia's S&P/ASX 200 index gained 1.56%, while Hong Kong's Hang Seng Index was trading 0.46% up.

Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.71%, S&P 500 futures pointed to an increase of 0.77% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 17 Mar 2011 11:20 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.4071, up 0.36% at time of writing.

The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4087, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8709 and EUR/JPY rising 4.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Air Methods Corp

Posted: 17 Mar 2011 11:05 PM PDT

Air Methods Corp (NASDAQ:AIRM) recently posted its third consecutive earnings surprise. Revenues are surging and analysts love the outlook heading into 2011.
The valuations and fundamentals are all pointing to a great future for this Zacks #1 Rank (Strong Buy).
Company Description
Air Methods provides emergency medical air transportation services and systems. The company has about 300 aircrafts that operate from bases in 42 states.
Profits Quadruple
When Air Methods posted quarterly results on Mar … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Standard Motor Products (SMP)

Posted: 17 Mar 2011 11:05 PM PDT

Standard Motor Products (NYSE:SMP) enjoys strong brand recognition worldwide. Successful R&D and perfect strategic acquisitions have helped the company enrich its product portfolio and maintain a broad customer base. The company’s recently amended credit agreement with GE capital has increased its scope for further investments.
Moreover, Standard Motor has hiked its dividend payment, signaling the company’s improved confidence in its operations. Plus, the company is not vulnerable to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Inter Parfums, Inc.

Posted: 17 Mar 2011 11:05 PM PDT

Inter Parfums, Inc. (NASDAQ:IPAR) recently reported solid fourth quarter results, beating the Zacks Consensus Estimate for the third straight quarter. Analysts have been consistently raising their estimates over the last several months as the global economy recovers, sending the stock to a Zacks #2 Rank (Buy).
The company has a solid balance sheet and few capital expenditure requirements, which has allowed it to steadily raise its dividend over the last several years. It currently yields … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: RadioShack Corp. (RSH)

Posted: 17 Mar 2011 11:05 PM PDT

We reiterate our Underperform recommendation on RadioShack Corp. (NYSE:RSH) based on our view that the company’s performance may suffer in 2011. A precipitous fall in demand for non-wireless category products remain a serious concern for the company.
Fourth quarter 2010 net income fell below the Zacks Consensus Estimate. Transition of Kiosks businesses from Sam’s Club to Target stores will result in huge loss of operating profits. Management declared that pressure on gross margin will continue in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Amerigroup Corp.

Posted: 17 Mar 2011 11:05 PM PDT

Amerigroup Corp. (NYSE:AGP) continues to trade in a tight range directly below its recent 52-week high on the heels of a 42% Q4 earnings surprise. With estimates advancing on the news and an attractive valuation, this Zacks #2 rank stock has a plan for momentum.
Shares of AGP got an extra boost on February 18 after the company reported excellent Q4 results that came in ahead of expectations.
Fourth-Quarter Results
Revenue for the period was up 10% from last year to $1.5 billion. Earnings also … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Forecast For March 18, 2011

Posted: 17 Mar 2011 11:01 PM PDT

By ForexMansion.com

 
This pair has been extremely volatile over the last 48 hours. As you can see, today’s action was basically an undecided bar. There are differing schools of thought right now involving the Japanese yen, and none of them seem to be winning out. On one hand, you have a large group of traders that feel that it is only a matter of time before the Bank of Japan intervenes in this currency pair. On the other hand, you have the large group of traders that thinks that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Forecast For March 18, 2011

Posted: 17 Mar 2011 11:01 PM PDT

By ForexMansion.com

 
The USD/CHF pair continued its march south today as the pair has broken below the 0.90 handle for a second time. This proves to be very bearish for this pair as the flight to safety continues. Judging from our previous measurements, we are still on track to reach our target of 0.88 before this move finishes. Until we break above 0.93, you cannot seriously consider taking a long position in this pair. Rallies are to be sold.

 
More March 18, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Forecast For March 18, 2011

Posted: 17 Mar 2011 11:00 PM PDT

By ForexMansion.com

 
Looking at the Canadian dollar against the US dollar, you can see that we have fell in this pair over the course of the last 24 hours. This was predicted as the parity level should be significant resistance. However, based upon today’s trading it looks like the 0.98 handle will serve as decent support again. Because of this, it appears that this pair has entered a consolidation zone that we knew from the beginning of the year: the 1.0000 to 0.9800 area. It should … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD/USD Forecast For March 18, 2011

Posted: 17 Mar 2011 10:59 PM PDT

By ForexMansion.com

 
The New Zealand dollar has certainly found itself on the back foot recently as noted yesterday on the break of support. That theme continued today as we are now racing towards our first bear target of 0.70. Any break below that could signal serious trouble for the NZD/USD, as it is massive support.
If you feel that going long is wise, waiting until we get a signal at that level is absolutely imperative. A bounce from there could have us retesting the 0.7350 area. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Forecast For March 18, 2011

Posted: 17 Mar 2011 10:57 PM PDT

By ForexMansion.com

 
Looking at the cable today, you can see that the bulls came back into force at the 1.60 level, a level that is absolutely vital for continued gains in this pair. As the level has held yet again, we can establish that it is indeed important support.
Looking at the recent action, we can see that a grind towards 1.63 is probably the short-term goal, with a long-term one being a retest of the 1.70 resistance area. In the short-term, be wary of any closes below the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Forecast For March 18, 2011

Posted: 17 Mar 2011 10:56 PM PDT

By ForexMansion.com

 
The AUD/USD has been very stable in its lack of movement today, and has held at the 0.97 level, currently trading at 0.98 at the time of writing. It should be noted that the 0.97 level is absolutely vital to continue the upside bias in this pair and any close below it would spell certain trouble for the bulls. Based upon the previous action, it appears that for the time being people are looking to bounce this pair between that level and the 1.02 as a top … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Forecast For March 18, 2011

Posted: 17 Mar 2011 10:51 PM PDT

By ForexMansion.com

 
Looking at the EUR/USD pair, we can see that we finally got the brake and close above the 1.40 level that we needed to see continuation to the upside for this pair. This is a very bullish sign, even if the momentum isn't going to be there.
The pair should have a bullish bias for the short-term, with a potential target of 1.45, after it breaks through a minor level at 1.42 or so. Support should be found at both 1.39 and 1.38 in the meantime. Any break below those … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up In Asian Trade

Posted: 17 Mar 2011 10:50 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6153, up 0.11% at time of writing.

The pair was likely to find support at 1.5979, Tuesday's low, and resistance at 1.6198, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8708 and GBP/JPY rising 3.80% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Forecast For March 18, 2011

Posted: 17 Mar 2011 10:46 PM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract for April today had an extremely bullish move, closing up almost 4 dollars a barrel. As predicted, $97.50 served as support and we have had a bullish bounce up through the $100 mark. Most traders now believe that $100 should be the floor for this commodity. I actually have a support zone between both of those levels. It appears however, that we are heading back towards the highs at $107.50 and will be testing it soon.
If we … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 18, 2011

Posted: 17 Mar 2011 10:45 PM PDT

By CommoditiesMansion.com

 
Today’s market provided supportive action for the April gold contract right at the all-important $1400 mark. We mentioned a couple days ago of the necessity for a destabilizing motion in this marketplace to be able to consider buying gold again. Because of the last two days, it appears that we are heading back up in price.
 
Price is closing towards the highs today, which of course is a very bullish sign. Because of the recent action, it is suspected … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 18, 2011

Posted: 17 Mar 2011 10:43 PM PDT

By CommoditiesMansion.com

 
With the explosive move today, there can be no real doubt that the market has seen a need for higher prices. We have blown through what was once massive resistance at the $4.05 mark, and are now heading higher. The next major resistance area will be found at the $4.30 area.
This market should find support at $4.05 as traders will certainly be excited to enter on the long side. For the time being, it appears there are a lot of speculators betting that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 18, 2011

Posted: 17 Mar 2011 10:41 PM PDT

By ForexMansion.com
European currencies remained strong, with the last leg up to the euro followed the strong results of Spain's bond auction, with the bid-to-cover rising to 1.81 from 1.54 in February. Spanish sovereign debt yields were higher, in line with the broad moves in euro-zone countries.  The euro was able to hold the 1.40 region, as market participants continue to believe the ECB will raise interest rates at their next meeting.
Tomorrow's German Producer Prices (700 GMT) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/NZD Forecast For March 18, 2011

Posted: 17 Mar 2011 10:40 PM PDT

By ForexMansion.com

 
This pair has triggered a buy signal as we broke above the top of yesterday's hammer. Because of this, it appears that the 1.35 level is even more important than first suggested, and should serve as massive support in the meantime. Any positions in this pair should either be long, or flat. No selling of this pair is advised as there are many support levels just under the above mentioned 1.35 area as well.

 
More March 18, 2011 Technical Analysis:

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


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 17 Mar 2011 10:20 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2748, up 1.18% at time of writing.

The pair was likely to find support at 1.2415, Wednesday's low, and resistance at 1.2971, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.38% to hit 1.4074 and EUR/JPY rising 4.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During Asian Trade

Posted: 17 Mar 2011 09:50 PM PDT

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

USD/CHF was trading at 0.9056, up 0.78% at time of writing.

The pair was likely to find support at 0.8910, Wednesday's low, and resistance at 0.9316, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.36% to hit 1.4072 and USD/JPY rising 3.51% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Up During The Asian Session

Posted: 17 Mar 2011 09:20 PM PDT

Forex Pros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8705, up 0.17% at time of writing.

The pair was likely to find support at 0.8626, Tuesday's low, and resistance at 0.8738, Wednesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.38% to hit 1.4074 and EUR/JPY rising 4.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During Asian Trade

Posted: 17 Mar 2011 08:40 PM PDT

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

USD/JPY was trading at 81.83, up 3.72% at time of writing.

The pair was likely to find support at 76.41, Wednesday's low, and resistance at 82.46, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.44% to hit 1.4083 and GBP/USD rising 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down In Asian Trading Hours

Posted: 17 Mar 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9821, down 0.27% at time of writing.

The pair was likely to find support at 0.9710, Monday's low, and resistance at 0.9974, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.4070 and GBP/USD rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During Asian Trade

Posted: 17 Mar 2011 07:30 PM PDT

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

AUD/USD was trading at 0.9916, up 1.15% at time of writing.

The pair was likely to find support at 0.9708, Wednesday's low, and resistance at 1.0112, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.84% to hit 1.4184 and AUD/JPY rising 4.38% 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: 17 Mar 2011 07:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.4060, up 0.27% at time of writing.

The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4078, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.26% to hit 0.8713 and EUR/JPY rising 3.41% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During Asian Trade

Posted: 17 Mar 2011 06:35 PM PDT

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

EUR/JPY was trading at 113.88, up 2.94% at time of writing.

The pair was likely to find support at 106.70, Wednesday's low, and resistance at 114.84, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.01% to hit 1.4019 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Has Support Against 100 Hour And 50% Fibo Level

Posted: 17 Mar 2011 06:10 PM PDT

The hourly chart has support against the 100 hour MA (blue line in the chart above) and the 50% retracement level  A move below the 50% retracement is likely to get te longs … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Down Then Up To 100 Bar MA Test (5 Minute Chart)

Posted: 17 Mar 2011 05:45 PM PDT

The pair held the 38.2% retracement level below at the 1.3981 level and is correcting back higher. I would expect the 1.4006 to 1.4009 to hold/pause corrections with stops on a move above the 100 bar MA ( blue line in the chart below) at the 1.4014 level.

A move back below the 1.4000 level will be needed by the sellers above.   If not hte 1.4030-35 level is in the market sights … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Up During The Asian Session

Posted: 17 Mar 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.

GBP/JPY was trading at 130.83, up 2.77% at time of writing.

The pair was likely to find support at 122.36, Wednesday's low, and resistance at 132.54, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.14% to hit 1.6114 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Scoots Toward Target Levels

Posted: 17 Mar 2011 05:35 PM PDT

In the daily chart above the 81.48 and 81.78 level are the trendline options for the USDJPY. 
Off the hourly, the 200 hour MA comes in at the 81.60 currently.  The levels are lining up.

The support targets would now be the 80.86-98 level. THe 80.57-64 area is another downside target risk area.

As the price moves higher, without constant purchases by the central bank, traders will get off sides and a correction can occur.  For retail traders we will not know the full extent of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Game Plan

Posted: 17 Mar 2011 05:34 PM PDT

Given demographic realities (e.g., America’s aging population) and the fiscal bind our government (and corrupt interests in the private sector) have gotten us into, it’s apparent (to me, at least) that things are headed in only one direction as far as retirement-related promises are concerned.
Whether we like it or not, we can expect to see growing (and intense) efforts to rein in the costs of and boost the revenues that help pay for these entitlement programs. While it is hard to say which … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURJPY Moves Toward 200 Hour MA Resistance

Posted: 17 Mar 2011 05:24 PM PDT

113.61 is the 200 hour MA target.  This level may provide some profit taking resistance or slowing of the surge higher for the cross pair.

If profit taking and resistance hold, the price can correct down to the 113.36 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


John French Takes Resources In Insurance From Rescue To Recovery

Posted: 17 Mar 2011 12:53 PM PDT

John French tends to laugh off various descriptions of himself as a serial entrepreneur or even a corporate rottweiler. Nevertheless, for the last 20 years he has spent much of his time working with small companies, often as a founder and occasionally as a turnaround trouble-shooter. With nearly 50 years of experience on hand to guide the management teams he works with, French is a man well versed and well supported when it comes to picking winners.

Among his highest profile projects of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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