DailyMarkets.com - Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This “Economic Recovery”

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• Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This “Economic Recovery”
• Forex – EUR/GBP Hits 2-day Low As U.K. Consumer Prices Rise
• European Stocks Up As Japan Crisis Eases; DAX Up 0.15%
• U.K. Consumer Price Inflation Rises More-than-expected In February
• Forex – Dollar Broadly Lower Vs. Rivals As Risk Appetite Sharpens
• Crude Oil Gains On Libya Crisis, Gold Investment Demand Rebounding
• U.K. Public Sector Net Borrowing Surges In February
• Forex – GBP/USD Hits 14-month High As U.K. Inflation Data Eyed
• USD/JPY Forecast For March 22, 2011
• USD/CAD Forecast For March 22, 2011
• Forex – EUR/USD Hits Multi-month High On ECB Rate View
• GBP/USD Forecast For March 22, 2011
• AUD/USD Forecast For March 22, 2011
• AUD/NZD Forecast For March 22, 2011
• Natural Gas Forecast For March 22, 2011
• Oil Forecast For March 22, 2011
• Gold Forecast For March 22, 2011
• Forex – NZD/USD Hits 7-day High On Stronger Risk Sentiment
• Forex – AUD/USD Hits 5-day High As Risk Appetite Revives
• Asia Stocks Rise As Japan Nuclear Crises Eases; Nikkei Jumps 4.4%
• Forex – Yen Up Vs. Dollar But Gains Limited By Intervention Threat
• Swiss Trade Surplus Widens More-than-expected In February
• Forex – EUR/USD Down During The Asian Session
• Bull Of The Day: Jones Lang LaSalle (JLL)
• Growth & Income Stock: Raven Industries
• Bear Of The Day: Universal Tech Institute (UTI)
• Momentum Stock: Nucor Corporation
• Aggressive Growth Stock: Dorman Products
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• A Bullish (BEL) Is Ringing
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Down During Asian Trade
• Forex Trading: USD/JPY Trading With Upside Support
• Forex – EUR/USD Down During The Asian Session
• Sold PAL – $6.18 & Tomorrow’s Trades (Today!)
• Forex – EUR/JPY Down During Asian Trade
• NZD/USD Forecast For March 22, 2011
• USD/CHF Forecast For March 22, 2011
• Forex – GBP/JPY Down During The Asian Session
• EUR/USD Forecast For March 22, 2011
• Stock Market Summary For Monday, March 21, 2011

Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This “Economic Recovery” Posted: 22 Mar 2011 03:35 AM PDT Today there are two very different Americas.  In one America, the stock market is soaring, huge bonuses are taken for granted, the good times are rolling and people are spending money as if they will be able to “live the dream” for the rest of their lives.  In the other America, the one where most of the rest of us live, unemployment is rampant, a million families were kicked out of their homes last year and hordes of American families are drowning in debt.  The gap between the rich … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits 2-day Low As U.K. Consumer Prices Rise Posted: 22 Mar 2011 03:13 AM PDT Forex Pros – The euro extended losses against the pound on Tuesday, falling to a two-day low after official data showed that consumer prices in the U.K. rose to a 28-month high in February. EUR/GBP hit 0.8687 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.8684, shedding 0.41%. The pair was likely to find support at 0.8624, the low of March 15 and resistance at 0.8760, the high of March 18 and a four-month high. The Office for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Up As Japan Crisis Eases; DAX Up 0.15% Posted: 22 Mar 2011 03:04 AM PDT Forex Pros – European stock markets were up on Monday, climbing for the fourth consecutive day as fears over Japan's nuclear crisis eased, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 jumped 0.65%, France's CAC 40 gained 0.5%, while Germany’s DAX 30 added 0.15%. Earlier in the day, Japanese authorities said they expected to restore power to parts of the stricken Fukushima Daiichi nuclear power plant later in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Consumer Price Inflation Rises More-than-expected In February Posted: 22 Mar 2011 02:40 AM PDT Forex Pros – Consumer price inflation in the U.K. rose more-than-expected in February, jumping to the highest level since October 2008, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation rose to a seasonally adjusted 4.4% in February, up from 4% in January. Analysts had expected U.K. consume prices to rise by 4.2% in February. The rate of inflation was more than double the Bank of England's 2.0% target. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Vs. Rivals As Risk Appetite Sharpens Posted: 22 Mar 2011 02:36 AM PDT Forex Pros – The U.S. dollar was down against most of its major rivals on Tuesday, as higher oil prices weighed while signs of progress in resolving Japan's nuclear crisis boosted demand for riskier assets. During European morning trade, the greenback was slightly higher against the yen, with USD/JPY easing up 0.12% to hit 81.11. Earlier Tuesday, Tokyo Electric Power Co., the operator of the stricken Fukushima Daiichi nuclear power plant, said it expected workers to restore power to parts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Gains On Libya Crisis, Gold Investment Demand Rebounding Posted: 22 Mar 2011 02:36 AM PDT Commodities – Energy Crude Oil Pushed Higher on Crisis in Libya WTI Crude Oil (NY Close): $102.33 // +$1.26 // +1.25% Commentary: Crude prices pushed back above the $102 figure as the escalating conflict in Libya continued to send jitters through the markets. A new phase of the crisis is unfoldingas the US, UK and France step in militarily to underpin the rebellion against embattled leader Muammar Qaddafi. The action sets an important precedent for future Western involvement in similar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Public Sector Net Borrowing Surges In February Posted: 22 Mar 2011 02:34 AM PDT Forex Pros – Public sector net borrowing in the U.K. rose significantly more-than-expected in February, official data showed on Tuesday. In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income jumped to GBP10.3 billion in February, after tumbling to GBP-6.3 billion in January, whose figure was revised from GBP-5.3 billion. Economists had expected public sector net borrowing to increase to GBP5.7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 14-month High As U.K. Inflation Data Eyed Posted: 22 Mar 2011 02:05 AM PDT Forex Pros – The pound hit a 14-month high against the U.S. dollar on Tuesday, boosted by expectations that the Bank of England will raise interest rates ahead of the U.S. Federal Reserve, while markets awaited U.K. data on inflation. GBP/USD hit 1.6358 during European morning trade, the pair's highest since January 20, 2010; the pair subsequently consolidated at 1.6355, gaining 0.28%. Cable was likely to find support at 1.6202, Monday's low and short-term resistance at 1.6514, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Forecast For March 22, 2011 Posted: 22 Mar 2011 01:45 AM PDT By ForexMansion.com   The USD/JPY sat still today, and with good reason. We now know that several central banks around the world intervened in this pair a few days ago, and now it leaves traders to wonder how to approach it. The move did fail at the bottom of the previous pennant that we have been watching – so technically it is still a very bearish chart. However, most traders want nothing to do with fighting random central banks, and that will probably keep them away from this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD Forecast For March 22, 2011 Posted: 22 Mar 2011 01:44 AM PDT By ForexMansion.com   The USD/CAD fell today, but found support at the 0.98 area like recent attempts to completely break it down have ended. We have a clearly defined area that this pair wants to play in now, and that is between 0.97 and 1.0000 as it has been struggling to break out of either side of this range. Until we can get a break in one direction or another – this is a scalping pair, with the shorter-term charts being the preferred entry.   More March 22, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits Multi-month High On ECB Rate View Posted: 22 Mar 2011 01:44 AM PDT Forex Pros – The euro eased up to a four-and-a-half-month high against the U.S. dollar on Tuesday, after a senior official from the European Central Bank indicated that a rate hike next month still looked highly likely despite the current uncertainty in markets. EUR/USD hit 1.4245 during early European trade, the pair's highest since November 5; the pair subsequently consolidated at 1.4239, easing up 0.08%. The pair was likely to find support at 1.4138, Monday's low and short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Forecast For March 22, 2011 Posted: 22 Mar 2011 01:42 AM PDT By ForexMansion.com   Cable has been trading water between 1.60 and 1.63 for weeks now. However, this last run looks more bullish as far as the candles are concerned. In order to continue to the upside in this pair, we will want to see a daily close above the 1.6350 area, and a continuation. As long as we hold above the 1.60 area, this pair should be thought of as bullish, albeit grindingly so. A break above the 1.63 area should clear the way for a longer-term move to 1.68-1.70, while … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Forecast For March 22, 2011 Posted: 22 Mar 2011 01:41 AM PDT By ForexMansion.com   The AUD/USD rose today, breaking the parity level that gave us pause when accessing its continued bullishness. Because of this, it now appears that this pair is destined to retest the 1.02 level as it is the top of this consolidation range. What was once thought of as an ascending triangle is now a rectangle. Because of this, the implied move is a bit smaller as the rectangle is only 500 pips, while the triangle measured 700. If we get that break above 1.02 that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Forecast For March 22, 2011 Posted: 22 Mar 2011 01:40 AM PDT By ForexMansion.com   The AUD/NZD pair has been a one-way ride north for a long time now. Because of this, it is no surprise that it needs to rest at these lofty levels. Once it broke out above the 1.35 level, there was no doubt to which direction it prefers. Because of this, the pair should be bought on dips, and not sold at all. In order to even think about a bearish case – wait until we break down to 1.33 or so.   More March 22, 2011 Technical Analysis: EUR/USD Forecast for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Natural Gas Forecast For March 22, 2011 Posted: 22 Mar 2011 01:36 AM PDT By CommoditiesMansion.com   The Nat Gas market was treading water in a tight range again for the second day in a row. Because of this, it is appearing that the $4.15 area might end up being larger resistance than what was first thought. We could see short-term moves to the downside as the bulls will look to consolidate their power. The market has defined the $4.20-$4.05 area as the short-term market. Until we see prices above or below these levels, we will more than likely see the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Forecast For March 22, 2011 Posted: 22 Mar 2011 01:35 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract had a very quiet day today, and is closing just $1.28 or so a barrel higher than on Friday. With the recent volatility in the Middle East, the market could use a few more days like this to be honest. As it stands, look to Friday's bar for guidance. A close below it – and we could see weakness. However, the $100 area should be relatively supportive and could give shorts an issue. A break above the Friday high in the $104 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Forecast For March 22, 2011 Posted: 22 Mar 2011 01:34 AM PDT By CommoditiesMansion.com   Gold rallied today, but seemed to run out of steam towards the end of the day. Because of this, the market formed a "shooting star", a bearish and exhaustive bar. The gold market is still a buy only market at this time, but could show very short-term weakness as well will try to consolidate in the $1,410 area. Any break above today's highs would be a trigger for more buying. A break below the $1,380 area is needed to comfortably short this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Hits 7-day High On Stronger Risk Sentiment Posted: 22 Mar 2011 01:13 AM PDT Forex Pros – The New Zealand dollar climbed to a seven-day high against its U.S. counterpart on Tuesday, as risk appetite recovered, bolstered by signs of progress in resolving Japan's nuclear crisis. NZD/USD hit 0.7426 during late Asian trade, the pair's highest since March 11; the pair subsequently consolidated at 0.7401, gaining 0.61%. The pair was likely to find support at 0.7292, Monday's low and resistance at 0.7454, the high of March 11. Earlier in the day, Tokyo Electric … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits 5-day High As Risk Appetite Revives Posted: 22 Mar 2011 01:02 AM PDT Forex Pros – The Australian dollar hit a five-day high against its U.S. counterpart on Tuesday, as signs of progress at Japan's quake-hit nuclear plant boosted demand for riskier assets. AUD/USD hit 1.0102 during late Asian trade, the pair's highest since March 15; the pair subsequently consolidated at 1.0086, gaining 0.22%. The pair was likely to find support at 0.9950, Monday's low and resistance at 1.0157, the high of March 11. Earlier in the day, Tokyo Electric Power Co., the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Rise As Japan Nuclear Crises Eases; Nikkei Jumps 4.4% Posted: 22 Mar 2011 12:49 AM PDT Forex Pros – Asian stock markets were broadly higher on Tuesday, as concerns over Japan's nuclear crisis eased, while shares in Japanese exporters continued to rebound from heavy losses suffered in the aftermath of the deadly March 11 earthquake. During late Asian trade, Hong Kong’s Hang Seng Index added 0.75%, South Korea’s Kospi Composite rose 0.51%, while Japan's Nikkei 225 jumped 4.36%.  Earlier in the day, the Bank of Japan added JPY2 trillion to the money markets, bringing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Yen Up Vs. Dollar But Gains Limited By Intervention Threat Posted: 22 Mar 2011 12:39 AM PDT Forex Pros – The yen was slightly higher against the U.S. dollar on Tuesday, but the currency's gains were limited as markets remained on alert for further intervention by world central banks. USD/JPY hit 80.85 during late Asian trade, the daily low; the pair subsequently consolidated at 80.92, slipping 0.11%. The pair was likely to find support at 79.06, last Thursday's low and resistance at 81.98, the high of the same day. Earlier Tuesday, Japan’s Finance Minister Yoshihiko Noda said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Trade Surplus Widens More-than-expected In February Posted: 22 Mar 2011 12:15 AM PDT Forex Pros – Switzerland’s trade surplus widened more-than-expected in February, official data showed on Tuesday. In a report, Switzerland's Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF2.49 billion in February, up from CHF2.04 billion in January, whose figure was revised up from CHF1.96 billion. Economists had expected the trade surplus to widen to CHF2.13 billion in February. The report said that exports … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 21 Mar 2011 11:20 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.4225, down 0.01% at time of writing. The pair was likely to find support at 1.3873, Wednesday's low, and resistance at 1.4240, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8721 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Jones Lang LaSalle (JLL) Posted: 21 Mar 2011 11:05 PM PDT We are changing our long-term recommendation for Jones Lang LaSalle (NYSE:JLL) from Neutral to Outperform as we anticipate it to perform well above the broader market. Jones Lang reported record revenues in fiscal 2010 and expects to maintain the momentum in 2011 as well, with continued recovery in the market fundamentals. Jones Lang LaSalle operates as a single-source provider of real estate solutions with a broad range of real estate product and services, and an extensive knowledge of domestic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Raven Industries Posted: 21 Mar 2011 11:05 PM PDT Raven Industries (NASDAQ:RAVN) recently reported strong fourth quarter results in which net sales jumped 27%. Earnings per share also came in 17% ahead of the Zacks Consensus Estimate. Management expects another solid year ahead with “double-digit profit growth”. Based on the Zacks Consensus Estimate, Raven is expected to grow EPS by 11% this year and 14% next year. Furthermore, Raven is a very shareholder-friendly company, raising its dividend at a 19% compound annual growth rate over the last 10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Universal Tech Institute (UTI) Posted: 21 Mar 2011 11:05 PM PDT Universal Technical Institute’s (NYSE:UTI) average enrollment rose 8.5% but dropped 690 basis points sequentially. The rate of fall in the new enrollments accelerated to 13% during the most recent quarter, following a decline of 5% in fourth-quarter 2010. Management warned that enrollment of new students for fiscal 2011 will be below the prior-year level due to regulations proposed by the Department of Education, and will consequently result in a single-digit revenue growth. Hence, we maintain our … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Nucor Corporation Posted: 21 Mar 2011 11:05 PM PDT Nucor Corporation’s (NYSE:NUE) share price is up 21% in the last four months as profitability has improved in each month of the new year. With Steel prices on the upswing and a bullish 41% growth projection, this Zacks #1 rank stock is fabricating momentum. Company Description Nucor Corp, through its subsidiaries, manufactures and sells steel products in the United States and internationally. The company was founded in 1940 and has a market cap of $14 billion. Although NUE has seen its fair share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Dorman Products Posted: 21 Mar 2011 11:05 PM PDT Dorman Products, Inc. (NASDAQ:DORM) is churning out new products at a record pace, leading to strong revenue and earnings growth. Currently this Zacks #1 Rank (Strong Buy) is at the top of its high-ranking peer group. Company Description Dorman Products supplies automotive replacement parts, hardware, brake products and household hardware to the auto aftermarket and mass merchandise markets. Top Line Up 27% On Feb 22 Dorman said its fourth-quarter results included a 27% increase in revenue, to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down In Asian Trade Posted: 21 Mar 2011 10:50 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6308, down 0.001% at time of writing. The pair was likely to find support at 1.5979, Wednesday's low, and resistance at 1.6328, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8726 and GBP/JPY falling 0.12% 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: 21 Mar 2011 10:20 PM PDT Forex Pros – The Euro was lower against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.2826, down 0.33% at time of writing. The pair was likely to find support at 1.2497, Wednesday's low, and resistance at 1.2881, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.4225 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Bullish (BEL) Is Ringing Posted: 21 Mar 2011 10:07 PM PDT The shares of Belle Corporation or BEL in the Philippine Stock Exchange made a big noise in 2010 when it pocketed a handsome 224% whet it ended the year at PHP 4.60 from an opening of PHP 1.420 during the start of the year. During the first three weeks of 2011, it continued to fire away some crackers as it reached a high of PHP 6.490. Since then, things became quite for BEL until today. After peaking at the said high on January 19, bears looked to have taken over BEL especially when it broke … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 21 Mar 2011 09:50 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9041, down 0.06% at time of writing. The pair was likely to find support at 0.8960, Wednesday'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 0.07% to hit 1.4216 and USD/JPY falling 0.06% 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: 21 Mar 2011 09:20 PM PDT Forex Pros – The Euro was lower against the British Pound on Tuesday. EUR/GBP was trading at 0.8721, down 0.01% at time of writing. The pair was likely to find support at 0.8668, Wednesday'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 0.04% to hit 1.4220 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade Posted: 21 Mar 2011 08:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 80.96, down 0.08% 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 0.02% to hit 1.4223 and GBP/USD rising 0.02% 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: 21 Mar 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9778, up 0.01% at time of writing. The pair was likely to find support at 0.9750, Monday's low, and resistance at 0.9932, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.03% to hit 1.4222 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 21 Mar 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0046, down 0.18% at time of writing. The pair was likely to find support at 0.9755, Wednesday's low, and resistance at 1.0070, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.11% to hit 1.4152 and AUD/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/JPY Trading With Upside Support Posted: 21 Mar 2011 07:14 PM PDT After the whirlwind week for the USD/JPY pair , some of the smoke has cleared and the pair is maintaining its price action around the 81 handle. Although the USD has weakened against most baskets to historic levels, the worst against the JPY could be over in the short-term as many long positions have been stopped out on the move to the lows last week.  The support of the G-7 has also helped the USD maintain its bid against the Yen and a USD rebound could propel the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 21 Mar 2011 07:05 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.4216, down 0.07% at time of writing. The pair was likely to find support at 1.3873, Wednesday's low, and resistance at 1.4240, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8718 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sold PAL – $6.18 & Tomorrow’s Trades (Today!) Posted: 21 Mar 2011 06:45 PM PDT I decided to throw in the towel on North American Palladium (PAL) today and sold my shares for $6.18.  I dislike selling a miner at a loss, but it appears that the palladium metal is going to get taken down with the stock market as time goes on.  Both have made lower highs and lower lows and, well, that’s just plain bear market fodder.  No sense in fighting it, so I sold. Click on the chart to ENLARGE The great news, however, is that gold has strongly broken above the bull … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During Asian Trade Posted: 21 Mar 2011 06:35 PM PDT Forex Pros – The Euro was lower against the Japanese Yen on Tuesday. EUR/JPY was trading at 115.24, down 0.02% at time of writing. The pair was likely to find support at 109.43, Wednesday'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 0.03% to hit 1.4222 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD/USD Forecast For March 22, 2011 Posted: 21 Mar 2011 06:00 PM PDT By ForexMansion.com   The Kiwi dollar has been acting very bullish over the last several trading sessions, with today being no different. However, we are now at what would be considered the "line in the sand" at 0.7350. If the pair can climb as high as 0.7450, it will have cleared a major hurdle, and should retest the top of the former consolidation area at 0.7800. If the pair breaks below, and to lower lows than seen over the last two weeks, we could see a move down to 0.70, 0.65. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Forecast For March 22, 2011 Posted: 21 Mar 2011 05:56 PM PDT By ForexMansion.com   The Dollar-Franc pretty much sat still today, as traders seem to be more than happy to sit on their hands at the moment. The pair is clearly in bear mode, and as such should not be bought at the moment. In fact, the only real trade is one of two things: wait until we get a nice selling opportunity at the 0.92 level, which has served as support previously, or to simply ignore this pair for the mean time.   More March 22, 2011 Technical Analysis: EUR/USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session Posted: 21 Mar 2011 05:45 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday. GBP/JPY was trading at 132.08, down 0.05% at time of writing. The pair was likely to find support at 125.94, Wednesday's low, and resistance at 132.55, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.01% to hit 1.6311 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Forecast For March 22, 2011 Posted: 21 Mar 2011 05:32 PM PDT By ForexMansion.com   The EUR/USD continued its climb northward today, and stopped right at the previous high, the 1.4250 area. It is possible that we will see a pullback, as bulls try and gather more steam. If we do, a pullback to 1.40 would be preferred as an entry, with a pullback to 1.38 bringing the whole move in doubt. A break above the 1.4250 should bring in fresh new buying and push this pair to 1.45, or possibly even higher.   More March 22, 2011 Technical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, March 21, 2011 Posted: 21 Mar 2011 03:54 PM PDT Stocks rose for the third session in a row with the major indexes up between 1.5% and 1.8%.  Investor participation was hard to judge with the market coming off an options expiration session on Friday.  Market breadth was strong with stocks closing near session highs.  Keeping with the trend we are raising the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  The DJIA was able to close above its 50-day moving average … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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