DailyMarkets.com - Global Financial Markets Plunge As The World Watches Japan Descend Into A Nuclear Nightmare

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• Global Financial Markets Plunge As The World Watches Japan Descend Into A Nuclear Nightmare
• Forex – Dollar Down Vs. Most Rivals As Japan Nuclear Crisis Weighs
• Forex – GBP/USD Climbs As Risk Appetite Recovers Slightly
• Forex – EUR/USD Up As Risk Aversion Eases, Spain Bond Auction Eyed
• Is It Time To Buy AAPL?
• USD/CAD Forecast For March 17, 2011
• Norges Bank Holds Interest Rate At 2.00%
• NZD/USD Forecast For March 17, 2011
• Swiss National Bank Leaves Interest Rate Unchanged At 0.25%
• Iceland Holds Policy Rate At 4.25%
• AUD/NZD Forecast For March 17, 2011
• Forex – AUD/USD Reverses Losses As Japan Nuclear Crisis Continues
• US FOMC Holds Rate At 0-0.25%
• Swiss Industrial Production Jumps More-than-expected In Q4
• HKMA Holds Base Rate At 0.50%
• Forex – NZD/USD Off Multi-month Lows Amid Japan Nuclear Concerns
• Asia Stocks Drop On Deepening Japan Crisis; Nikkei Drops 1.4%
• Reserve Bank Of India Lifts Rate 25bps To 6.75%
• Gold Forecast For March 17, 2011
• Forex – USD/JPY Eases From Record Low, BoJ Action Possible
• Natural Gas Forecast For March 17, 2011
• EUR/USD Forecast For March 17, 2011
• Oil Forecast For March 17, 2011
• GBP/USD Forecast For March 17, 2011
• USD/CHF Forecast For March 17, 2011
• Forex Daily Outlook – March 17, 2011
• USD/JPY Forecast For March 17, 2011
• AUD/USD Forecast For March 17, 2011
• Forex – EUR/USD Up During The Asian Session
• Momentum Stock: MicroStrategy, Inc.
• Aggressive Growth Stock: Mercer International
• Bear Of The Day: Novatel Wireless (NVTL)
• Growth & Income Stock: TransAlta Corporation
• Bull Of The Day: Alexza Pharmaceuticals (ALXA)
• Forex – GBP/USD Up In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• Stock Market Summary For Wednesday, March 16, 2011
• Stock Market Summary For Wednesday, March 16, 2011
• End Gov’t. Subsidy Of 30-Year Fixed-Rate Mortgages
• North Dakota Is America’s Economic Superstar
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Forex Trading: EURUSD Maintains The Support/resistance Against The Trendlines – Sort Of
• Forex – EUR/JPY Down During Asian Trade
• Forex Trading: USDJPY Moves Back Higher After Plunge.
• Telling A Different Story
• Forex – GBP/JPY Down During The Asian Session
• U.S. Life Expectancy Rose To Record High In 2009

Global Financial Markets Plunge As The World Watches Japan Descend Into A Nuclear Nightmare Posted: 17 Mar 2011 03:35 AM PDT Global financial markets are in turmoil as the situation in Japan continues to deteriorate.  Stock markets are plunging all over the world as investors flock to investments that are considered to be safer.  The 9.0 earthquake and the unprecedented tsunami in Japan would have been more than enough to spook investors and unleash chaos on world financial markets, but now the unfolding nightmare at the Fukushima Dai-ichi nuclear facility is really starting to cause panic.  Right now there … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Most Rivals As Japan Nuclear Crisis Weighs Posted: 17 Mar 2011 03:13 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major rivals on Thursday, as risk aversion eased but concerns over the impact of the unfolding nuclear crisis in Japan continued to dominate market sentiment. During European morning trade, the greenback fell to record lows against the yen, with USD/JPY tumbling 1.07% to hit 78.73. Japanese authorities said they were stepping up efforts to cool reactors at the stricken Fukushima Daiichi nuclear plant, 155 miles north east of Tokyo. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Climbs As Risk Appetite Recovers Slightly Posted: 17 Mar 2011 02:54 AM PDT Forex Pros – The pound was higher against the U.S. dollar on Thursday, rising to a daily high as risk aversion eased but a high degree of uncertainty remained over the impact on the global economic recovery of the unfolding disaster in Japan. GBP/USD hit 1.6130 during European morning trade, the daily high; the pair subsequently consolidated at 1.6115, gaining 0.56%. Cable was likely to find support at 1.5981, the days low and resistance at 1.6212, the high of March 10. Leaders from the G7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up As Risk Aversion Eases, Spain Bond Auction Eyed Posted: 17 Mar 2011 02:25 AM PDT Forex Pros – The euro climbed to a daily high against the U.S. dollar on Thursday, as a wave of risk aversion gripping markets subsided, while investors awaited the first euro zone debt auction since an agreement to enlarge the regions bailout fund. EUR/USD hit 1.3995 during early European trade, the daily high; the pair subsequently consolidated at 1.3992, gaining 0.66%. The pair was likely to find support at 1.3854, the low of March 15 and resistance at 1.4035, the high of March 7 and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is It Time To Buy AAPL? Posted: 17 Mar 2011 01:41 AM PDT Apple, Inc. (NASDAQ:AAPL) has dropped nearly 10% from the March high of $361.67, which was set two weeks ago. Of any stock over the last two years, this one has been the poster child for a "buy the dip" philosophy. But is now the time to buy? Here are my thoughts.. Support at $326 The daily chart shows AAPL dropped about 4.5% in the recent session, closing the day just above the multi-month support level of $326, which has held throughout 2011 thus far. This is the level to watch for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD Forecast For March 17, 2011 Posted: 17 Mar 2011 01:39 AM PDT By ForexMansion.com   The USD/CAD continued its march north today, and shows no real signs of weakness at the moment as oil have started to fall slightly. However, it should be noted that the CAD seems to be following oil directly at the moment, and we are directly at support in the crude markets. Because of this, we may see a pullback in the USD/CAD at the parity level. It appears that there has been serious resistance at that level in the past, and that should be the order of the day … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Norges Bank Holds Interest Rate At 2.00% Posted: 17 Mar 2011 01:39 AM PDT Norway’s central bank, Norges Bank, maintained its key policy rate at 2.00%, but signaled a possible rate increase in the near term. The Bank explicitly noted,”The Executive Board’s current assessment is that the key policy rate should be increased before the end of the first half-year of 2011,” though any rate increase would be contingent on developments in the global economy. The Bank expects inflation to remain relatively low, but to progress towards the 2.5 percent inflation target; … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD/USD Forecast For March 17, 2011 Posted: 17 Mar 2011 01:35 AM PDT By ForexMansion.com The NZD/USD has broken down through support at the 0.7350 level, and continued that again today. The pair looks very weak at this point, and should be ripe for fresh sell orders soon, especially if we get a retest of the 0.7350 area. Traders may want to look at the shorter time frames for weakness, and sell from that. This will be the preferred route until we get above 0.7350 or higher. The recent consolidation suggests a target of 0.68 on the sell side.   More … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss National Bank Leaves Interest Rate Unchanged At 0.25% Posted: 17 Mar 2011 01:35 AM PDT Forex Pros – The Swiss National Bank kept its benchmark interest rate unchanged in March, it announced on Thursday. In a statement, the SNB said it was keeping its benchmark interest rate unchanged at 0.25% in March, broadly in line with expectations. The accompanying rate statement released after the announcement said, "Despite the continued strength of the Swiss franc, the Swiss economy grew more vigorously in the fourth quarter of 2010 than anticipated." The statement added, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Iceland Holds Policy Rate At 4.25% Posted: 17 Mar 2011 01:35 AM PDT The Central Bank of Iceland held its benchmark 7-day collateralized lending rate at 4.25%, pausing after a string of interest rate cuts. The bank noted that it expects inflation to remain near target in the near term. Iceland reported inflation of 1.9% in February, compared to 1.8% in January. The Bank also said “With the prospect that inflation will remain near target and with interest rates at a historically low level, the direction of future policy moves remains … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Forecast For March 17, 2011 Posted: 17 Mar 2011 01:34 AM PDT By ForexMansion.com   The AUD/NZD pair has found strong support at the previous resistance area of 1.3500. The pair looks very bullish at the moment, and rightfully so. After all, the Kiwis just had a major earthquake, and have recently cut rates by 50 bps, twice as strong as expected. It appears by all accounts that the Kiwi Dollar is on the back foot. Contrast that with the Aussie, which operates from a position of strength. Australia has a lot of the things that will be bought for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Reverses Losses As Japan Nuclear Crisis Continues Posted: 17 Mar 2011 01:33 AM PDT Forex Pros – The Australian dollar regained ground against its U.S. counterpart on Thursday, rebounding from a four-month low, as the nuclear crisis in Japan continued to dominate markets. AUD/USD clawed back up from 0.9708, the pair's lowest since December 2, to hit 0.9847 during late Asian trade, easing up 0.09%. The pair was likely to find support at 0.9708, the days low and a four-month low and resistance at 0.9962, Wednesday's high. Earlier in the day, Japanese authorities said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US FOMC Holds Rate At 0-0.25% Posted: 17 Mar 2011 01:27 AM PDT The US Federal Open Market Committee maintained the fed funds rate at 0 to 0.25 percent, and maintained its asset purchase program, or “QEII”, at $600 billion. The Committee’s statement noted: “The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Industrial Production Jumps More-than-expected In Q4 Posted: 17 Mar 2011 01:19 AM PDT Forex Pros – Industrial production in Switzerland rose significantly more-than-expected in the fourth quarter, official data showed on Thursday. In a report, Switzerland's Federal Statistics Office said industrial production rose by a seasonally adjusted 7.4% in the fourth quarter, after rising by 1.4% in the preceding quarter, whose figure was revised down from 1.8%.  Analysts had expected industrial production in Switzerland to rise by 4.6% in the fourth quarter. Following the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HKMA Holds Base Rate At 0.50% Posted: 17 Mar 2011 01:14 AM PDT The Hong Kong Monetary Authority maintained its base rate at 0.50%, following the decision of the US Federal Open Market Committee to hold its policy rate. Hong Kong’s monetary policy follows that of the US due to its currency peg of the Hong Kong Dollar to the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Off Multi-month Lows Amid Japan Nuclear Concerns Posted: 17 Mar 2011 01:00 AM PDT Forex Pros – The New Zealand dollar eased off a multi-month low against its U.S. counterpart on Thursday, but remained weaker amid fears over Japan's escalating nuclear crisis. NZD/USD clawed back up from 0.7108, the pair's lowest since August 2, to hit 0.7232 during late Asian trade, shedding 0.66%. The pair was likely to find support at 0.6980, the low of August 1 and resistance at 0.7356, Wednesday's high. Earlier in the day, Japanese authorities said they were stepping up efforts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Drop On Deepening Japan Crisis; Nikkei Drops 1.4% Posted: 17 Mar 2011 12:49 AM PDT Forex Pros – Asian stock markets were broadly lower on Thursday, amid mounting fears over the possibility of a nuclear catastrophe in Japan, the world's third largest economy. During late Asian trade, Hong Kong’s Hang Seng Index slumped 2.05%, Australia's S&P/ASX 200 Index shed 0.06%, while Japan's Nikkei 225 dropped 1.44%.  Chairman of the U.S. Nuclear Regulatory Commission, Greg Jaczko indicated on Wednesday that the Japanese nuclear crisis was even graver than Japanese … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reserve Bank Of India Lifts Rate 25bps To 6.75% Posted: 17 Mar 2011 12:45 AM PDT The Reserve Bank of India increased the repo rate by 25 basis points to 6.75 percent from 6.50% previously, the Bank also increased the reverse repo rate by 25 basis points to 5.75 percent. The move was driven by rising inflation, with the Bank raising its forecast for March WPI inflation to 8 percent from 7 percent, and maintained its growth forecast for the fiscal year at 8.5 percent. India reported annual headline inflation of 8.31 percent in February, faster than January’s 8.23 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Forecast For March 17, 2011 Posted: 17 Mar 2011 12:38 AM PDT By CommoditiesMansion.com The Gold market had a very bearish day on Tuesday, and Wednesday's trading was very calm. At the time of writing, there is roughly 20 minutes left in the trading day and the metal is currently up $3.30 a ounce. This is a great sign for the bulls as a couple days of calm is exactly what they will like to see in order to feel confident in buying. A break below Tuesday's low at $1,380 would be very bearish. For longs, perhaps it is best to wait another day or two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Eases From Record Low, BoJ Action Possible Posted: 17 Mar 2011 12:32 AM PDT Forex Pros – The yen eased back from a record high against the U.S. dollar on Thursday, amid mounting speculation that the Japanese government would intervene to curb the currency's sharp gains. USD/JPY clawed back up from 76.12, the pair's all-time low, to hit 79.13 during late Asian trade, shedding 0.57%. The pair was likely to find short-term support at 76.12, the record low and resistance at 81.16, Wednesday's high. Japanese Finance Minister Yoshihiko Noda said he was closely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Natural Gas Forecast For March 17, 2011 Posted: 17 Mar 2011 12:31 AM PDT By CommoditiesMansion.com Wednesday's action in the Nat Gas market was very range bound, mainly travelling between $4.05 and $3.80 BTU. Because of this, we find ourselves heading toward the close gaining just 1 cent at the end of the day. With the two recent bars being printed in opposing directions, this wasn't much of a surprise. Because of this, we have found two very obvious marks on the chart as mentioned above. In the short-term, this market looks neutral at best. If you can day … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Forecast For March 17, 2011 Posted: 17 Mar 2011 12:29 AM PDT By ForexMansion.com The EUR/USD has been consolidating for the last several days between the 1.40 and 1.38 levels, and today's action did nothing to change that situation. The pair is simply going sideways and seems to be stuck at the moment. No new signals will be fired off until we can close above 1.40 on the daily to buy, or a daily close below 1.38 for a sell towards the 1.38 level.   More March 17, 2011 Technical Analysis: GBP/USD Forecast for March 17, 2011 AUD/USD Forecast … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Forecast For March 17, 2011 Posted: 17 Mar 2011 12:28 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL sat right at the $97.50 area, which we suspected would be support today. Because of this, the support is between that mark and $95 is still in play, and should be helpful for buyers. If we could possibly break down, the $95 and $90 marks will give sellers issues as well. For now, it looks as if the market wants to bounce between the $95 and $100 a barrel prices. Brent If the CL looks supportive, then the Brent market looks outright … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Forecast For March 17, 2011 Posted: 17 Mar 2011 12:23 AM PDT By ForexMansion.com   The GBP/USD has found the 1.60 level very supportive recent, and is currently testing it. The level is key, and the pair seems to be running out of steam. Any longs will certainly have to see this level hold. If it does not, we should see a choppy downward motion for the near-term. If this level holds, we could see a rise back to 1.63 in the short-term. The pair seems to be sensitive to the world's equity markets, and they have been shaky at best. If you feel … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Forecast For March 17, 2011 Posted: 17 Mar 2011 12:20 AM PDT By ForexMansion.com   The USD/CHF had broken all support two days ago, and today's trading did nothing to change that theme. The pairs is finding that the support has fallen apart, and the selling pressure is on. The previous support area at 0.93-0.92 should serve as resistance now, and as long as we are below that – this pair is a sell as we should be targeting the 0.88 level based upon the previous consolidation rectangle. If this pair somehow gets above the 0.93 level, then all … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Daily Outlook – March 17, 2011 Posted: 17 Mar 2011 12:19 AM PDT By ForexMansion.com Yen Strengthens on Japanese Repatriation The currency markets were dominated by news that continued to stream out about Japan’s nuclear condition.  The EU and the US both gave grim accounts of the situation, as Japan took the lead on how to rectify the situation.  The Yen strengthen against most major currencies as repatriation continues to drive Yen appreciation. In Europe, Moody's cut Portugal's credit rating by two notches to A3 and kept a negative outlook … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Forecast For March 17, 2011 Posted: 17 Mar 2011 12:07 AM PDT By ForexMansion.com   The USD/JPY finally broke down during late hour trading in North America today. The pair as all but collapsed, driving rates as low as the 76 handle in an hour. This action certainly will get the attention of the Bank of Japan, and the trading world will be on pins and needles wondering what they are going to do. While buying this pair on that idea is at best risky, certainly if you are not in a trade at the moment – the best move is to wait for stability. In … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Forecast For March 17, 2011 Posted: 16 Mar 2011 11:55 PM PDT By ForexMansion.com   The AUD/USD has broken below the previous triangle, and now has broken below the next phase of support at the 0.98 handle. This is a hugely bearish sign, and should have longs covering their positions. However, it appears that .097 has held, and the bulls have drawn a line in the sand at that point. Any break below that level would have to be considered a sell signal, and possibly long-term sell. That certainly opens the door below to 0.95, 0.90 and even further. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 16 Mar 2011 11:20 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3934, up 0.24% at time of writing. The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4013, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8685 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: MicroStrategy, Inc. Posted: 16 Mar 2011 11:05 PM PDT MicroStrategy, Inc. (NASDAQ:MSTR) recently spiked to a new multi-year high after reporting an awesome 72% Q4 earnings surprise in late January. Estimates have since jumped higher, providing more support and momentum for this Zacks #1 rank stock. Company Description MicroStrategy operates as a business intelligence software maker that helps companies collect and analyze data. The company was founded in 1989 and has a market cap of $1.2 billion. Although the general trend for MSTR has been higher for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Mercer International Posted: 16 Mar 2011 11:05 PM PDT Mercer International (NASDAQ:MERC) is seeing a sharp turnaround in its earnings trends, leaving shares with not just a great growth story but trading at a value as well. This Zacks #1 Rank (Strong Buy) has slid lately, along with most other stocks, but is a great “buy on the dip” candidate. Company Description Mercer is a global pulp maker. With its 3 mills the company serves customers in North America, Asia and Europe. Well Ahead of Expectations On Feb 14 Mercer posted its fourth-quarter results … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Novatel Wireless (NVTL) Posted: 16 Mar 2011 11:05 PM PDT We reaffirm our long-term Underperform recommendation on Novatel Wireless (NASDAQ:NVTL) following its fourth quarter 2010 financial results, which fell well below the Zacks Consensus Estimate. Novatel also provided a very weak first quarter 2011 financial outlook. The company cited lower sales of its 3G products and ongoing customer transition to next-generation 4G products are the primary reasons for this poor guidance. The recent trend of the 3G USB modem industry is indicating a glut of inventory … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: TransAlta Corporation Posted: 16 Mar 2011 11:05 PM PDT TransAlta Corporation (NYSE:TAC) is a great choice for investors looking for both growth and income. Analysts project the company will grow earnings per share by 17% in 2011 and 12% in 2012, and the stock yields a juicy 5.7%. The company recently reported a solid fourth quarter in which EPS beat the Zacks Consensus Estimate by 8%. This prompted analysts to revise their estimates higher, sending the stock to a Zacks #2 Rank (Buy). Company Description TransAlta Corporation is a wholesale power … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Alexza Pharmaceuticals (ALXA) Posted: 16 Mar 2011 11:05 PM PDT We are upgrading our rating on shares of Alexza Pharmaceuticals (NASDAQ:ALXA) to Outperform and raising our price target to $3 per share. We believe the company is on track to re-file the new drug application (NDA) on AZ-004 (Staccato loxapine) for the treatment of acute agitation in patients with schizophrenia or bipolar disorder by the end of July 2011. Based on our analysis of the complete response letter (CRL) received on October 8, 2010, and our numerous conversations with management, we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade Posted: 16 Mar 2011 10:50 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday. GBP/USD was trading at 1.6036, up 0.07% 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 the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8688 and GBP/JPY falling 0.48% 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: 16 Mar 2011 10:20 PM PDT Forex Pros – The Euro was lower against the Swiss Franc on Thursday. EUR/CHF was trading at 1.2554, down 0.52% 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 down against the Japanese Yen, with EUR/USD gaining 0.18% to hit 1.3925 and EUR/JPY falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 16 Mar 2011 09:50 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Thursday. USD/CHF was trading at 0.8998, down 0.91% 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 the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3928 and USD/JPY falling 0.70% 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: 16 Mar 2011 09:20 PM PDT Forex Pros – The Euro was higher against the British Pound on Thursday. EUR/GBP was trading at 0.8694, up 0.23% 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 down against the Japanese Yen, with EUR/USD gaining 0.14% to hit 1.3919 and EUR/JPY falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade Posted: 16 Mar 2011 08:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 79.07, down 0.65% 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 0.17% to hit 1.3924 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In Asian Trading Hours Posted: 16 Mar 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday. USD/CAD was trading at 0.9922, up 0.09% 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 up against the British Pound, with EUR/USD gaining 0.17% to hit 1.3923 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, March 16, 2011 Posted: 16 Mar 2011 07:48 PM PDT Our update for Wednesday, March 16, 2011 will be posted by 9:00 am on Thursday, March 17, 2011.  Sorry for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, March 16, 2011 Posted: 16 Mar 2011 07:47 PM PDT Stocks continued their selling ways today with the major indexes declining 1.9%-2.0% on strong participation from investors and on weak market breadth.  The DJIA, S&P 500, and Nasdaq Composite have quickly given up the gains for 2011.  As a result, we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  With each of the three indexes below their respective 21-day and 50-day moving averages the question now is are they … [visit site to read more] or compare Best Credit Cards and Best CD Rates

End Gov’t. Subsidy Of 30-Year Fixed-Rate Mortgages Posted: 16 Mar 2011 07:46 PM PDT From AEI’s Ed Pinto, writing in today’s Real Clear Markets: “Given two spectacular failures of U.S. housing finance tied to the 30-year fixed-rate mortgage in the last 20 years (MP: The S&L crisis and the recent housing/financial meltdown), and the attendant cost to taxpayers of two massive bailouts, the housing industry should be required to show why it needs government support again. History has shown–and simple economics would anticipate–that a government subsidy for a freely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

North Dakota Is America’s Economic Superstar Posted: 16 Mar 2011 07:31 PM PDT From Dennis Cauchon at USAToday: North Dakota, the state with the nation’s lowest unemployment rate, capped a decade of economic prosperity with dramatic population growth in its biggest cities. The superstar of North Dakota is its economy. The state’s unemployment rate hasn’t touched 5% since 1987 (see chart above). The state’s per capita income rose over the decade from 38th in the nation to 17th, the biggest advance of any state. “We’ve had an absolutely stellar few years,” says … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 16 Mar 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday. AUD/USD was trading at 0.9802, down 0.37% at time of writing. The pair was likely to find support at 0.9708, Wednesday's low, and resistance at 1.0152, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.47% to hit 1.4196 and AUD/JPY falling 0.65% 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: 16 Mar 2011 07:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3910, up 0.07% at time of writing. The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4013, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8692 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Maintains The Support/resistance Against The Trendlines – Sort Of Posted: 16 Mar 2011 06:47 PM PDT The EURUSD has had its share of volatility too.  However, there is more up and down, choppy trading than the less liquid USDJPY market. Looking at the daily chart, the price has continued to more-or-less respect the support along the upward sloping trendline. That line comes in at the 1.3880 level today. The low for the first few hours of trading today reached down to 1.3966, equal to the low from the NY afternoon session, but buyers emerged against the level and are currently pushing the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During Asian Trade Posted: 16 Mar 2011 06:35 PM PDT Forex Pros – The Euro was lower against the Japanese Yen on Thursday. EUR/JPY was trading at 110.46, down 0.16% 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 up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.02% to hit 1.3903 and EUR/GBP rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Moves Back Higher After Plunge. Posted: 16 Mar 2011 06:20 PM PDT The 79.75 level is back being tested after the  plunge in USDJPY that took the pair down to a low price of 76.41.   The rebound higher has brought the price  to a high of 79.61 – just below the April 1995 low of 79.75. A move above the 79.75 level could attract buyers but when the market moves outside of normal market ranges like we are experiencing currently, the markets become more of a guesswork. As I have mentioned numerous times in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telling A Different Story Posted: 16 Mar 2011 06:08 PM PDT Many commentators tend to focus on the usual subjects — weekless jobless claims, headline unemployment rate, monthly changes in nonfarm payrolls — when describing the state of the labor market. But as we’ve seen in other cases, the numbers that don’t attract as much attention from the media and the financial markets, including those that result from slicing and dicing the subcomponents of the aforementioned series, often tell a different story than the highlighted data. In fact, here … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session Posted: 16 Mar 2011 05:45 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Thursday. GBP/JPY was trading at 126.78, down 0.59% 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 0.15% to hit 1.6000 and EUR/GBP rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Life Expectancy Rose To Record High In 2009 Posted: 16 Mar 2011 05:26 PM PDT ATLANTA (AP) — “U.S. life expectancy has hit another all-time high, rising to 78.2 years (see chart above). The estimate of 78 years and 2 months is for a baby born in 2009, and comes from a preliminary report released today by the Centers for Disease Control and Prevention. About 2.4 million people died in the United States in 2009 – roughly 36,000 fewer deaths than the year before. Deaths were down for a range of causes, from heart disease to homicide, so experts don’t believe there’s one … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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