Wednesday, March 23, 2011

DailyMarkets.com - How Is The Central Economic Planning That The Federal Reserve Does Different From The Central Economic Planning That Communist China Does?

DailyMarkets.com - How Is The Central Economic Planning That The Federal Reserve Does Different From The Central Economic Planning That Communist China Does?


How Is The Central Economic Planning That The Federal Reserve Does Different From The Central Economic Planning That Communist China Does?

Posted: 23 Mar 2011 03:35 AM PDT

Most Americans believe that we still live in a capitalist system and that free markets primarily determine the growth and development of our economy.  But is that really the case?  No, sadly it is not.  The truth is that the U.S. Federal Reserve does a tremendous amount of central economic planning.  So what makes the central economic planning that the Federal Reserve does different from the central economic planning that communist China does?  Yes, in China it is the government that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Stock Seasonality

Posted: 23 Mar 2011 03:29 AM PDT

Many analysts focus on the seasonality of Gold and Silver. Why? It plays out most of the time. The metals tend to peak in the late spring and then bottom in the early summer before moving into the sweet spot of the year. When researching seasonality, I came across this chart from equityclock.com that shows the seasonality of the XAU Gold Stock Index.

The Philly Gold & Silver Index (XAU) is weighted towards the senior companies and not just large producers. There tends to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Industrial New Orders Rise Less-than-expected In January

Posted: 23 Mar 2011 03:10 AM PDT

Forex Pros – Industrial new orders in the euro zone rose significantly less-than-expected in January, official data showed on Wednesday.

In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.1% in January, after rising by 2.7% in December, whose figure was revised up from 2.1%.

Analysts had expected industrial new orders to rise by 1.3% in January.

The report also showed that the annualized rate of industrial new orders in the euro zone rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Mixed Ahead Of Portugal Vote; DAX Sheds 0.1%

Posted: 23 Mar 2011 03:03 AM PDT

Forex Pros – European stock markets were mixed on Wednesday, ahead of a key vote on austerity measures in Portugal, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 gained 0.18%, France's CAC 40 added 0.35%, while Germany’s DAX 30 dipped 0.11%.

Portugal's parliament was to vote on a fresh round of austerity measures later in the day. On Tuesday, Prime Minister Jose Socrates threatened to resign if the vote failed to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Industrial New Orders

Posted: 23 Mar 2011 03:01 AM PDT

Eurozone Industrial New Orders m/m  came in at 0.1%, weaker than the 1.4% expected.
Eur/Usd trades at 1.4185, unaffected by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Britain’s BBA Mortgage Approvals Rise More-than-expected

Posted: 23 Mar 2011 02:33 AM PDT

Forex Pros – Mortgage approvals in the U.K. rose more-than-expected in February, industry data showed on Wednesday.

In a report, the British Banker’s Association said that the number of new mortgages approved in February rose to 29.9K, compared to 29.2K in January, whose figure was revised up from 28.9K.

Analysts had expected the number of mortgage approvals to rise to 29.4K in February.

Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals As Portugal Concerns Weigh Euro

Posted: 23 Mar 2011 02:33 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as the euro slipped amid concerns over political instability in Portugal while the yen's gains remained limited by the threat of fresh intervention.

During European morning trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.12% to hit 1.4178.

The fate of Portugal's government was hanging in the balance on Wednesday, after the country’s Prime Minister threatened to resign … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Off 14-month High As BoE Minutes, Budget Eyed

Posted: 23 Mar 2011 02:13 AM PDT

Forex Pros – The pound eased off a 14-month high against the U.S. dollar on Wednesday, ahead of the release of minutes from the Bank of England's most recent policy setting meeting and the unveiling of the nations budget.

GBP/USD hit 1.6315 during European morning trade, the daily low; the pair subsequently consolidated at 1.6322, sliding 0.25%.

Cable was likely to find support at 1.6291, Tuesday's low and short-term resistance at 1.6400, Tuesday's high and a 14-month high.

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


Forex – Yen Eases Up Vs. Dollar As Safe Haven Demand Supports

Posted: 23 Mar 2011 01:49 AM PDT

Forex Pros – The yen edged higher against the U.S. dollar on Wednesday, as concerns over contamination from Japan's stricken nuclear power plant and ongoing unrest in the Middle East and North Africa supported safe haven demand.

USD/JPY hit 80.70 during early European trade, the pair's lowest since Friday; the pair subsequently consolidated at 80.81, slipping 0.18%.

The pair was likely to find support at 79.06, last Friday's low and resistance at 81.31, Monday's high.

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


Forex – AUD/USD Hits Daily Low As Risk Appetite Falters

Posted: 23 Mar 2011 01:23 AM PDT

Forex Pros – The Australian dollar slid to a daily low against its U.S. counterpart on Wednesday, as fears over contamination from Japan's nuclear crisis and growing unrest in the Middle East saw risk appetite falter.

AUD/USD hit 1.0065 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0087, shedding 0.17%.

The pair was likely to find support at 1.0036, Tuesday's low and short-term resistance at 1.0128, Tuesday's high.

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


Forex – NZD/USD Dips As Japan, Mideast Worries Weigh

Posted: 23 Mar 2011 01:05 AM PDT

Forex Pros – The New Zealand dollar dipped to a daily low against its U.S. counterpart on Wednesday, as concerns over Japan's nuclear crisis and ongoing political unrest in the Middle East and North Africa weighed on risk appetite.

NZD/USD hit 0.7376 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7384, slipping 0.08%.

The pair was likely to find support at 0.7336, Tuesday's low and resistance at 0.7454, the high of March 11.

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


Asia Stocks Fall As Nuclear Crisis Weighs; Nikkei Drops 1.65%

Posted: 23 Mar 2011 12:53 AM PDT

Forex Pros – Asian stock markets were broadly lower on Wednesday, as market sentiment was weighed by reports that higher-than-allowed levels of radioactive iodine had turned up in Tokyo tap water.

During late Asian trade, Hong Kong’s Hang Seng Index shed 0.25%, South Korea’s Kospi Composite eased down 0.07%, while Japan's Nikkei 225 dropped 1.65%.

Earlier in the day, a Tokyo city official warned that higher-than-allowed levels of radioactive iodine were found in the city's water and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Eases Lower Ahead Of Portugal Vote

Posted: 23 Mar 2011 12:46 AM PDT

Forex Pros – The euro slipped against the U.S. dollar on Wednesday, easing off a four-and-a-half-month high, as a political crisis in Portugal sparked fears that the country was moving closer to an international bailout.

EUR/USD hit 1.4154 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.4157, sliding 0.30%.

The pair was likely to find support at 1.3979, last Friday's low and resistance at 1.4247, Tuesday's high and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Central Bank Of Nigeria Raises Rate 100bps To 7.50%

Posted: 23 Mar 2011 12:31 AM PDT

The Central Bank of Nigeria raised the monetary policy rate 100 basis points to 7.50% from 6.50% previously. The Bank also raised the borrowing and lending rates by 100 basis points to 5.50% and 9.50% while the reserve requirement was left unchanged at 2%. The move was driven by a need to cap-off rising inflation, which was reported at 11.1% in February this year. Referring to the Nigerian government’s 2011 expenditure plan of $31.8 billion (up 17% from last year) the Bank governor, Sansui, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Hits 2-Week High On Libya, Gold Struggles To Build Momentum

Posted: 22 Mar 2011 11:57 PM PDT

Commodities – Energy
Crude Oil Hits 2-Week High on Libya
WTI Crude Oil (NY Close): $104.00 // +$1.67 // +1.63%
Commentary: The escalating conflict in Libya continues to pressure crude oil prices higher, with US Admiral Samuel Locklear promising further airstrikes against the forces of embattled leader Muammar Qaddafi in the "coming hours and days". As we have noted previously, the UN intervention sets an important precedent for future Western involvement in similar scenarios, particularly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Forecast For March 23, 2011

Posted: 22 Mar 2011 11:38 PM PDT

By ForexMansion.com

 
The EUR/USD has found resistance at the 1.42 level, and as such we have sat still today. The pair does still look bullish, as we haven't pulled back when there was a significant technical reason to. If the pair closes above 1.4250, it will signal a run towards 1.45 or above. If we fall back to 1.40, this could be a good place to start looking for new longs if support holds. For the meantime, this pair looks quiet.

 
More March 23, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Forecast For March 23, 2011

Posted: 22 Mar 2011 11:35 PM PDT

By ForexMansion.com

 
Cable has been bullish for quite some time now, albeit at a snail's pace. Today we finally broke through the 1.63 resistance area which has kept the pair down for several weeks now. This pair has shown that it is heading to 1.65, and then 1.70 as well. The BoE is expected to raise rates soon, and the Fed is absolutely refusing to do so. Because of this, look for continued strength.

 
More March 23, 2011 Technical Analysis:

EUR/USD Forecast for March 23, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 23, 2011

Posted: 22 Mar 2011 11:34 PM PDT

By ForexMansion.com
Pound Break Out
Major currency pairs are little changed except for the Pound which broke out above resistance. Positive risk sentiment continued with Asian equity indices mostly higher supported by improvements in the situation in Japan. The New Zealand dollar was a big mover, rising 0.8% against the dollar. NZD was one of the worst performing currencies since the earthquake in Japan and has, until recently, lagged the recovery of high yielding currencies.
In the UK, both … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/NZD Forecast For March 23, 2011

Posted: 22 Mar 2011 11:28 PM PDT

By ForexMansion.com

 
This pair has been treading water at these lofty levels for a couple of weeks. This is no real surprise as a breakout will often need to rest first before its next move upward. There is no reason to sell this pair until at least 500 pips below here. As long as we hold above 1.35, this is a buy. Any selling of this pair will see significant support, and buying is without a doubt the preferred course of action.

 
More March 23, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Forecast For March 23, 2011

Posted: 22 Mar 2011 11:21 PM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL had a bullish day today, rising about $2 a barrel. I t should be noted that it is getting near the $105-$107.50 resistance area, and any furt5her upside will be choppy until we break that $107.50 area. A daily close above this is a hugely bullish sign, especially since the bias is certainly to the upside in this market at the moment. A break of Friday's doji to the upside confirms this. You cannot be selling at least until we close … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 22 Mar 2011 11:20 PM PDT

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

EUR/USD was trading at 1.4164, down 0.23% at time of writing.

The pair was likely to find support at 1.3977, Thursday's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8658 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 23, 2011

Posted: 22 Mar 2011 11:13 PM PDT

By CommoditiesMansion.com

 
The Nat Gas market has broken out and above the range it was stuck in by the previous 2 days dojis. This is a very bullish sign, and now the only real question is where we are going to find the next round of resistance. The next two resistance areas are certainly going to be $4.35 and $4.50 respectively. We should find support at $4.10, as it held both of those dojis in check and supported them for those two days of trading.
Expect bullishness as traders bet … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 23, 2011

Posted: 22 Mar 2011 11:12 PM PDT

By CommoditiesMansion.com

 
The gold pits were relatively quiet today, as there were no major macroeconomic events that caused traders to feel the need to either own it, or sell it. It appears that we are consolidating in the $1,420-$1,430 area for the time being, with no real momentum for either direction. Until the market makes a move, it is best to stay flat in the market at the moment.

 
More March 23, 2011 Technical Analysis:

Natural Gas Forecast for March 23, 2011
Oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Canadian Imperial Bank Of Commerce

Posted: 22 Mar 2011 11:05 PM PDT

Canadian Imperial Bank of Commerce (NYSE:CM) recently spiked to a new multi-year high after reporting a solid 15% Q1 earnings surprise in late February. Estimates have since jumped higher, providing more support for this Zacks #1 rank stock.
Company Description
Canadian Imperial Bank of Commerce, with its subsidiaries, offers a wide range of financial services and products to retail and commercial customers primarily in Canada. The company was founded in 1867 and has a market cap of $38 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: School Specialty, Inc. (SCHS)

Posted: 22 Mar 2011 11:05 PM PDT

Recently, School Specialty (NASDAQ:SCHS) has witnessed a rise in supplies orders. We believe that the company’s improved pricing initiatives, product line-up, ecommerce systems and sales endeavors will help in regaining the lost market share from earlier.
Management also reaffirmed its revenue guidance of $735 million to $770 million and free cash flows in the range of $50 million to $60 million for fiscal 2011. The company leverages its strong distribution network to offer more than 75,000 items to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Tower Group, Inc. (TWGP)

Posted: 22 Mar 2011 11:05 PM PDT

We are downgrading our recommendation on Tower Group, Inc. (NASDAQ:TWGP) to Underperform from Neutral as we think that a lower interest rate environment and higher expense ratio due OneBeacon’s Personal Lines system integration, as well as other systems-related initiatives, will suppress earnings in the near term.
The company’s fourth quarter 2010 earnings were ahead of the Zacks Consensus estimate, aided by a significant increase in Tower’s Personal Lines business and its continued expansion into … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Republic Bancorp, Inc.

Posted: 22 Mar 2011 11:05 PM PDT

Here’s something you don’t hear from many banks these days: “We completed the most successful year in our Company’s history in 2010.” But that’s just what Repulic Bancorp, Inc. (NASDAQ:RBCAA) CEO Steve Trager said after the company delivered solid fourth quarter results.
Republic is also unique in that it has increased its dividend for 11 consecutive years. It currently yields 3.1%.
Valuation is cheap too, with shares trading at just 5.1x forward earnings. It is a Zacks #1 Rank (Strong Buy) … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Unit Corp

Posted: 22 Mar 2011 11:05 PM PDT

Unit Corp. (NYSE:UNT) is seeing strong growth across all of its revenue streams and shares are pressuring new highs.
Thanks to the recent earnings revisions and surprise, the stock is now a Zacks #1 Rank (Strong Buy).
Company Description
Unit Corp. has subsidiaries engaged in oil and gas exploration, production, contract drilling and gas gathering and processing.
Net Income Up 53%
On Feb 22 Unit Corp. reported fourth-quarter net income of $43.7 million, a 53% jump from the same period last year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up In Asian Trade

Posted: 22 Mar 2011 10:50 PM PDT

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

GBP/USD was trading at 1.6365, up 0.001% at time of writing.

The pair was likely to find support at 1.6055, Thursday's low, and resistance at 1.6402, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8660 and GBP/JPY falling 0.17% 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: 22 Mar 2011 10:20 PM PDT

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

EUR/CHF was trading at 1.2816, down 0.07% at time of writing.

The pair was likely to find support at 1.2596, Thursday's low, and resistance at 1.2888, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.11% to hit 1.4181 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During Asian Trade

Posted: 22 Mar 2011 09:50 PM PDT

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

USD/CHF was trading at 0.9034, up 0.01% at time of writing.

The pair was likely to find support at 0.8984, Thursday's low, and resistance at 0.9091, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.4176 and USD/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The Asian Session

Posted: 22 Mar 2011 09:20 PM PDT

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

EUR/GBP was trading at 0.8656, down 0.22% at time of writing.

The pair was likely to find support at 0.8656, today's low, and resistance at 0.8762, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.13% to hit 1.4179 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Wednesday 23 March

Posted: 22 Mar 2011 08:44 PM PDT

Morning Highlights

Singapore market opened flat at 2996.02, and rose slightly during the morning session. However, market sentiment remains weak with Japanese shares down on profit taking.
Watch Out For Economic News Release Today:

Singapore Feb CPI

U.S. Feb New Home Sales

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. <The Quick Picks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During Asian Trade

Posted: 22 Mar 2011 08:40 PM PDT

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

USD/JPY was trading at 80.85, down 0.15% at time of writing.

The pair was likely to find support at 79.16, Thursday's low, and resistance at 82.00, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.4174 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Quote Of The Day: The Real Class War Today

Posted: 22 Mar 2011 08:13 PM PDT

“Many of the protesters [in Michigan and Wisconsin] seem to think the war is between rich and poor,” says Michael LaFaive of the Midland, Michigan-based Mackinac Center for Public Policy. “But the real class war today is between government and the people who pay for it. And the government’s been winning.”

~Today’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up In Asian Trading Hours

Posted: 22 Mar 2011 08:10 PM PDT

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

USD/CAD was trading at 0.9814, up 0.04% at time of writing.

The pair was likely to find support at 0.9747, Tuesday's low, and resistance at 0.9867, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.4171 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During Asian Trade

Posted: 22 Mar 2011 07:30 PM PDT

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

AUD/USD was trading at 1.0077, down 0.26% at time of writing.

The pair was likely to find support at 0.9827, Thursday's low, and resistance at 1.0128, Tuesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.05% to hit 1.4060 and AUD/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Leave Your Lights On This Saturday: Earth Hour Celebrates Ignorance, Poverty And Backwardness

Posted: 22 Mar 2011 07:28 PM PDT

“Earth Hour 2011 will take place this Saturday 26 March at 8.30PM (local time). This Earth Hour we want you to go beyond the hour, so after the lights go back on think about what else you can do to make a difference. Together our actions add up.

Earth Hour has done a lot to raise awareness of sustainability issues. But there's more to it than switching off lights for one hour once a year. It's all about giving people a voice and working together to create a better future for our … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sold SFEG – $1.04

Posted: 22 Mar 2011 07:24 PM PDT

This is the daily chart of Santa Fe Gold Corp (SFEG) which I sold today at $1.04 for a respectable 9.5% gain.  I had to hold the stock for 5 weeks, but sometimes that happens. 

Click on the chart to ENLARGE

I’ve reviewed the 18 stocks that I have suggested on the Tomorrow’s Trades (Today!) page and I confidently believe each and every one will hit their target sell price and be a profitable trade – except for PLG.  The reason this one concerns me is that it is platinum … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Forecast For March 23, 2011

Posted: 22 Mar 2011 07:21 PM PDT

By ForexMansion.com

 
The USD/JPY is finding resistance at the 81 level and has started to drift slowly lower. However, with the various central banks recently intervening, this pair will find it difficult to fall too far as long as more intervention is possible. It appears that we may find ourselves getting ready to consolidate between the 81 and 77 marks, as there isn't any real desire by traders to buy this pair and no desire by central banks to let it fall.
To get fully all-out … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WOW! 12-Year Old Jazz Guitarist, Andreas Varady

Posted: 22 Mar 2011 07:13 PM PDT

USD/CAD Forecast For March 23, 2011

Posted: 22 Mar 2011 07:10 PM PDT

By ForexMansion.com

 
The USD/CAD finds itself floating between the 0.97 and 1.0000 levels still. The pair seems to be held hostage by the oil markets, which although bullish – have not broken back out. The two levels are holding up quite well, and should continue to do so until the oil futures make their move. (Most likely to the upside.) Because of this, long-term the directional bias of this pair still continues to be to the downside. However, unless we rise to parity, or break … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 22 Mar 2011 07:05 PM PDT

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

EUR/USD was trading at 1.4170, down 0.19% at time of writing.

The pair was likely to find support at 1.3977, Thursday's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8662 and EUR/JPY falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Forecast For March 23, 2011

Posted: 22 Mar 2011 06:53 PM PDT

By ForexMansion.com

 
The USD/CHF had a very quiet day on Tuesday, closing with a very small candle. This pair continues to be a sell, with the 0.92-0.93 range being massive resistance. Until we break above that level, no longs can be seriously considered. However, we have two potential triggers for new selling opportunities: A retest and failure to break through the 0.92 level, or new lows.

 
More March 23, 2011 Technical Analysis:

EUR/USD Forecast for March 23, 2011
GBP/USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD/USD Forecast For March 23, 2011

Posted: 22 Mar 2011 06:42 PM PDT

By ForexMansion.com

 
The Kiwi dollar is seen as forming a basing pattern around the 0.73 handle as we have had several bullish days in a row recently. However, we simply must get above the 0.7450 mark with a close in order to get overly excited by it. The pair should at that point grind higher to the 0.78 mark, and possibly farther. A break below 0.71 would begin a new round of selling.

 
More March 23, 2011 Technical Analysis:

EUR/USD Forecast for March 23, 2011
GBP/USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down During Asian Trade

Posted: 22 Mar 2011 06:35 PM PDT

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

EUR/JPY was trading at 114.65, down 0.26% at time of writing.

The pair was likely to find support at 111.05, Thursday's low, and resistance at 115.56, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.24% to hit 1.4162 and EUR/GBP falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Forecast For March 23, 2011

Posted: 22 Mar 2011 06:26 PM PDT

By ForexMansion.com

 
The AUD/USD pair has continued it march northward today, and looks ready to find the 1.02 mark over the next 24-48 hours. The pair will have to decide whether or not the 1.02 will finally give way, and allow the measured move up towards 1.07, based upon the rectangle we are currently in. If we fail to break through the 1.02 level, we are going to fall to at least 1.0000 from there.

 
More March 23, 2011 Technical Analysis:

EUR/USD Forecast for March 23, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down In Asian Trade

Posted: 22 Mar 2011 06:05 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on Current Account.

NZD/USD was trading at 0.7376, down 0.33% at time of writing.

The pair was likely to find support at 0.7203, Thursday's low, and resistance at 0.7448, Tuesday's high.

Earlier in the day, official data showed that New Zealand's current account balance fell more-than-expected to a seasonally adjusted -3.52B in the last quarter from -0.03B in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down During The Asian Session

Posted: 22 Mar 2011 05:45 PM PDT

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

GBP/JPY was trading at 132.38, down 0.09% at time of writing.

The pair was likely to find support at 127.78, Thursday's low, and resistance at 132.99, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.06% to hit 1.6356 and EUR/GBP falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down In Asian Trade

Posted: 22 Mar 2011 05:05 PM PDT

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

EUR/USD was trading at 1.4170, down 0.19% at time of writing.

The pair was likely to find support at 1.3977, Thursday's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8658 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During Asian Trade

Posted: 22 Mar 2011 04:15 PM PDT

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

USD/JPY was trading at 81.03, up 0.07% at time of writing.

The pair was likely to find support at 78.23, Wednesday's low, and resistance at 82.00, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.08% to hit 1.4186 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, March 22, 2011

Posted: 22 Mar 2011 04:09 PM PDT

The major indexes experienced mild declines today. However, they were enough to adjust the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite. Action indicated a lack of participation from investors and market breadth swayed toward the negative side. As mentioned above we are lowering the support/resistance levels on the S&P 500 and Nasdaq Composite (see below). For the DJIA we are keeping the support level the same but lowering its resistance level (see below). In … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up On Economic Data

Posted: 22 Mar 2011 03:00 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday after the release of N.Z. data on Current Account.

NZD/USD was trading at 0.7403, up 0.03% at time of writing.

The pair was likely to find support at 0.7158, Wednesday's low, and resistance at 0.7448, today's high.

Earlier in the day, official data showed that New Zealand's current account balance fell more-than-expected to a seasonally adjusted -3.52B in the last quarter from -1.77B in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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