Sunday, March 13, 2011

DailyMarkets.com - Intermarket Reference Levels For The Week Ahead

DailyMarkets.com - Intermarket Reference Levels For The Week Ahead

Intermarket Reference Levels For The Week Ahead

Posted: 13 Mar 2011 09:54 AM PDT

There's an interesting similarity of price reference levels for the three main "Risk-On" markets – as they're all balanced at critical support levels.
Let's take a quick look at the reference levels to watch this week in the S&P 500, Gold, and the newly volatile Crude Oil:
First, the key level in the S&P 500:

I've actually been hyper-focused in this week's postings on this critical level, but it's really simple:
The 'round number" reference and 50d EMA – along … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NYFP’s Wall Street Lingo: Block Trades

Posted: 13 Mar 2011 09:30 AM PDT

03/13/11 Mark J. Muller, President of Mark J. Muller Equities Inc., introduces and shares with us the importance of block trades on the floor of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Weekly Outlook: March 14-18

Posted: 13 Mar 2011 08:58 AM PDT

Forex Pros – The euro retreated from a four-month high against the U.S. dollar last week, before trimming gains after European Union leaders said they had reached an agreement on a German-inspired competitiveness pact that calls for far reaching reforms across the single currency bloc.

EUR/USD hit 1.4035 on Monday, the pair's highest since November 8; the pair subsequently consolidated at 1.3900 by close of trade on Friday, shedding 0.62% over the week.

The pair is likely to find support … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Weekly Outlook: March 14-18

Posted: 13 Mar 2011 08:21 AM PDT

Forex Pros – The pound fell to a four-week low against the U.S. dollar on Friday, as markets pared back expectations for a short-term interest rate increase by the Bank of England.

GBP/USD hit 1.5976 on Friday, the pair's lowest since February 11; the pair subsequently consolidated at 1.6079 by close of trade, tumbling 1.19% over the week.

Cable is likely to find support at 1.5919, the low of January 31 and resistance at 1.6242, last Thursday's high.

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