Sunday, March 6, 2011

DailyMarkets.com - Forex – GBP/USD Weekly Outlook: March 7-11

DailyMarkets.com - Forex – GBP/USD Weekly Outlook: March 7-11

Forex – GBP/USD Weekly Outlook: March 7-11

Posted: 06 Mar 2011 07:13 AM PST

Forex Pros – Last week saw the pound surge to a 13-month high against the U.S. dollar, before trimming gains modestly, as expectations that the Bank of England will hike interest rates ahead of the U.S. Federal Reserve boosted the currency.

GBP/USD hit 1.6343 on Tuesday, the pair's highest since January 20, 2010; the pair subsequently consolidated at 1.6267 by close of trade on Friday, gaining 0.96% over the week.

Cable is likely to find support at 1.6070, Monday's low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Weekly Outlook: March 7-11

Posted: 06 Mar 2011 06:18 AM PST

Forex Pros – Last week saw the Canadian dollar surged to a 39-month high against its U.S. counterpart, advancing for the third successive week as crude oil, the nation's largest export, rallied to a 29-month high.

USD/CAD hit 0.9681 on Tuesday, the pair's lowest since November 15, 2007; the pair subsequently consolidated at 0.9732 by close of trade, adding 0.65% over the week.

The pair is likely to find support at 0.9606, the low of November 15, 2007 and resistance at 0.9775, last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Weekly Outlook: March 7-11

Posted: 06 Mar 2011 05:49 AM PST

Forex Pros – The week ending March 4 saw the Australian dollar close slightly lower against its U.S. counterpart after U.S. jobs data for February came in better-than-expected but disappointed investors who hoped for an even stronger report.

AUD/USD hit 1.0074 on Friday, the pair's lowest since February 24; the pair subsequently consolidated at 1.0137 by close of trade, dipping 0.11% over the week.

The pair was likely to find support at 1.0074, Friday's low and resistance at 1.0201, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Weekly Outlook: March 7-11

Posted: 06 Mar 2011 04:29 AM PST

Forex Pros – Last week the New Zealand dollar fell to a five-month low against its U.S. counterpart, amid expectations that the Reserve Bank of New Zealand will cut interest rates at its next meeting, to help the economy recover following two earthquakes in six months.

NZD/USD hit 0.7337 on Friday, the pair's lowest since October 1; the pair subsequently consolidated at 0.7380 by close of trade, tumbling 2.27% over the week.

The pair was likely to find support at 0.7337, Friday's low … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Weekly Outlook: March 7-11

Posted: 06 Mar 2011 04:06 AM PST

Forex Pros – Last week saw the U.S. dollar advance to an eight-day high against the yen, before paring gains on Friday, after U.S. jobs data for February came in better than expected but disappointed investors who hoped for an even stronger report.

USD/JPY hit 83.07 on Friday, the pair's highest since February 22; the pair subsequently consolidated at 82.28 by close of trade, gaining 0.74% over the week.

The pair is likely to find support at 81.71, Thursday's low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NYFP’s This Week In Wall Street History

Posted: 06 Mar 2011 04:00 AM PST

Episode 6:
This week on NYFP’s “This Week in Wall Street History,” we are offered a quick history lesson behind the Bank of New York and the important role the company has played in the financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Red Alert On Globe Telecoms, Inc. (GLO)

Posted: 06 Mar 2011 03:48 AM PST

Don't say that I did not warn you: Ayala Corporation – led Globe Telecoms, Inc. or GLO in the Philippine Stock Exchange looks to be headed for a steep fall. Let me show you why.
Back in February 17, 2011, I already raised the red flag on GLO when it was still trading above the neckline of a massive head and shoulders formation (kindly see my previous post here). Since that time, GLO's situation went worse as it slipped and eventually broke below the PHP 700.00 support (where the neckline … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Weekly Outlook: March 7-11

Posted: 06 Mar 2011 03:27 AM PST

Forex Pros – The week ending March 4 saw the Swiss franc soar to a record high against the U.S. dollar as ongoing violence in Libya pushed crude oil prices to 29-month high, sparking fears over the inflationary impact on global economic growth.

USD/CHF hit 0.9199 on Tuesday, the pair's all-time low; the pair subsequently consolidated at 0.9242 by close of trade on Friday, shedding 0.40% over the week.

The pair is likely to find short-term support at 0.9199, Tuesday's low and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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