DailyMarkets.com - US Cities With The Highest Levels Of Credit Card Debt
DailyMarkets.com - US Cities With The Highest Levels Of Credit Card Debt |
- US Cities With The Highest Levels Of Credit Card Debt
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Manpower Survey Bullish, But Correction Threat Remains
- El Paso Pipeline Adds To SNG Stake
- U.S. IBD/TIPP Economic Optimism Index Plunges Unexpectedly
- Breakout In Silver – Implications For Gold
- U.S. Stocks Mixed After The Open As Oil Drops; Dow Up 0.11%
- HCN Completes Share Offer
- USD/CAD Forex Forecast For March 8, 2011
- Oil Prices, Cost Cuts Boost Sasol
- AUD/NZD Forex Forecast For March 8, 2011
- USD/CHF Breaking Above Wedge Pattern; 0.9415 To Be Tested
- USD/JPY Forex Forecast For March 8, 2011
- Forex Trading: EURUSD Tests 200 Hour MA And Holds Test
- Understanding Moving Averages In Currency Trading Charts
- Urban Outfitters Falls Behind
- Stock Market News Briefs: Atlas Pipeline Holdings, L.P., Accuray Incorporated, CIENA, Brinker International, Hitachi, Ltd., James River Coal Company, Morgan Stanley, Repligen, Starbucks, TomoTherapy Incorporated, UBS AG, Urban Outfitters, Western Digital Corporation
- U.S. Rig Count Snaps Losing Streak
- Forex – USD/CAD Edges Higher As Oil Prices Retreat After Rally
- Rebound For Greenback As Crude Pares Recent Gains
- Before The Bell
- Swiss Franc: Under Pressure
- Japanese Yen: Under Pressure
- British Pound: Under Pressure
- Euro: Under Pressure
- GBP/JPY Is In A Flag Pattern Above Key Support At 132.85
- Goldcorp Raises Dividend
- FWLT & Partners In A Saudi Contract
- Comcast Is Still Neutral
- USD/CHF Forex Forecast For March 8, 2011
- Crude Oil Rally Likely To Resume, Gold Positioning Reveals Bearish Cues
- GBP Extends Decline Past 1.62 Vs USD On Soft Retail Sales
- AUD/USD Tests Central Pivot At 1.0070
- ECON 101: Protectionism For Dummies
- Forex – Dollar Broadly Higher Vs. Rivals As Oil Retreats
- Air Product Raises Prices
- Canada Housing Starts Rise More-than-expected In February
- GBP/USD Confirms Bearish Breakout To Test Wedge Support
- Forex – Pound Extends Losses Against Dollar As Oil Prices Ease
- Euro Slides On Sovereign Debt Concerns, Gives Up $1.40 Perch
- Is AUD Poorly Positioned Heading Forward?
- The End Of SM Investment Corporation’s Rally?
- Forex – EUR/GBP Slips From 5-week High Amid Fresh Euro Debt Worries
- EUR/USD Completes Wave Equality And Tests Key Pivot At 1.39
- NZD/USD Forex Forecast For March 8, 2011
- GBP/USD Forex Forecast For March 8, 2011
- Housing Barometer Makes New Low
- Forex – Euro Slides To 3-day Low Against Broadly Stronger Dollar
- AUD/USD Forex Forecast For March 8, 2011
- EUR/USD Forex Forecast For March 8, 2011
- German Factory Orders Rise More-than-expected In January
- Forex – USD/CHF Hits 9-day High As Oil Prices Ease On OPEC Talks
- Europe Stock Markets Advance As Oil Prices Retreat; DAX Up 0.43%
- Forex – Dollar Up Against Most Rivals As Oil Prices Ease
- Forex – GBP/USD Hits 6-day Low As Weak U.K. Data Weighs
- The Dollar Index: High Risk Of Unraveling
| US Cities With The Highest Levels Of Credit Card Debt Posted: 08 Mar 2011 07:35 AM PST Now that the dust has somewhat settled post the holiday shopping season, did US consumers end up with more credit card debt compared to a year ago? According to the latest report from Experian, a credit rating agency which analyzed data from consumers’ bank credit cards including Visa (NYSE:V), MasterCard (NYSE:MA), American Express (NYSE:AXP) and Discover cards, the average consumer had an outstanding balance of more than $4,200 at the end of 2010. That was a 4% decline in card debt from $4,467 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar: The Downside Prevails Posted: 08 Mar 2011 07:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 08 Mar 2011 07:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Manpower Survey Bullish, But Correction Threat Remains Posted: 08 Mar 2011 07:08 AM PST We have some good news on the hiring front this morning, which aligns with our longer-term bullish outlook. However, we remain concerned short-term, and will be patient in terms of redeploying the cash we have raised in recent weeks. According to Bloomberg:
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| El Paso Pipeline Adds To SNG Stake Posted: 08 Mar 2011 07:06 AM PST El Paso Pipeline Partners L.P. (NYSE:EPB) said it will acquire an additional 22% interest in Southern Natural Gas Company (SNG) from El Paso Corporation (NYSE:EP). The partnership said it will pay roughly $587 million for the addition, which increases its ownership in SNG to 82%.
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| U.S. IBD/TIPP Economic Optimism Index Plunges Unexpectedly Posted: 08 Mar 2011 07:04 AM PST Forex Pros – Consumer confidence in the U.S. plunged unexpectedly in March, industry data showed on Tuesday. In a report, Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index dropped to 43.0 in March, down from February’s reading of 50.9. Economists had expected the index to increase to 51.8 in March. A reading above 50.0 indicates optimism, while those below 50.0 point to pessimism. The index was 3.7 points below its 12-month average … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Breakout In Silver – Implications For Gold Posted: 08 Mar 2011 06:59 AM PST Silver has been red hot lately and the silver shares have joined in the fun. Yet, we haven't seen a corresponding breakout in Gold or in the gold shares (as evidenced by Market Vectors Junior Gold Miners ETF (GDXJ) and Market Vectors Gold Miners ETF (GDX)). In the chart below we show Global X Silver Miners ETF (SIL) (large silver stocks), Silver, Gold, GDXJ (gold juniors) and GDX (large cap golds). Silver has been the clear winner as it broke out first while the large and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Stocks Mixed After The Open As Oil Drops; Dow Up 0.11% Posted: 08 Mar 2011 06:58 AM PST Forex Pros – U.S. stock markets were mixed after the open on Tuesday, as market sentiment improved as oil prices retreated from two-and-a-half-year highs. During early U.S. trade, the Dow Jones Industrial Average climbed 0.11%, the S&P 500 index eased up 0.09%, while the Nasdaq Composite index shed 0.35%. Oil prices retreated from 29-month highs after the Organization of the Petroleum Exporting Countries said they were in discussions to boost production for the first time in more … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 06:55 AM PST Health Care REIT Inc. (NYSE:HCN), a leading health care real estate investment trust (REIT) that operates senior housing and health care real estate, has recently completed its secondary offering of 28.75 million common shares at $49.25 each, including 3.75 million shares sold to the underwriters to cover the over-allotment options.
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| USD/CAD Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 06:55 AM PST by ForexMansion.com
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| Oil Prices, Cost Cuts Boost Sasol Posted: 08 Mar 2011 06:55 AM PST Sasol Ltd. (SSL) announced strong results for the six months ended December 31, 2010, aided by higher oil prices and cost control initiatives, but partially offset by an unfavorable exchange rate.
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| AUD/NZD Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 06:51 AM PST by ForexMansion.com
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| USD/CHF Breaking Above Wedge Pattern; 0.9415 To Be Tested Posted: 08 Mar 2011 06:51 AM PST USD/CHF in Range Expansion Instead of Bearish Breakout 3/3 - The USD/CHF found support at 0.92, after making this fresh all-time low.
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| USD/JPY Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 06:47 AM PST by ForexMansion.com
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| Forex Trading: EURUSD Tests 200 Hour MA And Holds Test Posted: 08 Mar 2011 06:45 AM PST The EURUSD has continued its move to the downside and is down testing the 200 hour MA at the 1.3862 level (green line in the chart above). This level was the target support level talked about in our morning commentary (CLICK HERE). The market has found profit taking buyers against the level on the first test. Resistance above now comes in at the 1.3905-11 level. Staying below this level keeps the bears in charge – at least intraday. The EURUSD has been under presssure and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Understanding Moving Averages In Currency Trading Charts Posted: 08 Mar 2011 06:45 AM PST Technical analysis is a necessary part of being a solid Forex trader, one must be able to analyze and evaluate currency trading charts well. One of the first ways to understand looking at currency trading charts is through a comprehension of moving averages. These averages make a line through the medium price in a certain time frame to make the price changes a more even line. This leveling of price data directly translates to a trend following indicator.
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| Posted: 08 Mar 2011 06:36 AM PST Urban Outfitters Inc. (NASDAQ:URBN), the retailer of apparel, footwear, and accessories, recently posted fourth-quarter 2011 earnings of 45 cents a share, falling behind the Zacks Consensus Estimate of 52 cents. However, earnings remained flat compared with the prior-year quarter, battered by mounting costs and increased concessions.
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| Posted: 08 Mar 2011 06:36 AM PST Ciena Corp. (NASDAQ:CIEN) reported a Q1 loss of $0.14 per share, lower than the Zacks Consensus Estimate of a loss of $0.30 per share Urban Outfitters (NASDAQ:URBN) reported Q4 EPS of $0.45, lower than the Zacks Consensus Estimate of $0.52 per share. Revenues for the quarter rose 14% year-over-year to $668.4 million, missing the Zacks Consensus Estimate of $674.0 million James River Coal Co (NASDAQ:JRCC) reported plans to buy International Resource Partners from Atlas Energy LP (NYSE:AHD) … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Rig Count Snaps Losing Streak Posted: 08 Mar 2011 06:36 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs.
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| Forex – USD/CAD Edges Higher As Oil Prices Retreat After Rally Posted: 08 Mar 2011 06:35 AM PST Forex Pros – The U.S. dollar edged higher against its Canadian counterpart on Tuesday, easing up to a three-day high, as the price of crude oil, Canada's largest export, retreated. USD/CAD hit 0.9748 during European late afternoon trade, the pair's highest since Thursday; the pair subsequently consolidated at 0.9739, easing up 0.07%. The pair was likely to find support at 0.9697, Monday's low and resistance at 0.9775, last Thursday's high. The dollar's gains came amid reports … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Rebound For Greenback As Crude Pares Recent Gains Posted: 08 Mar 2011 06:29 AM PST There’s nothing remarkable about today’s ascent in the value of the dollar’s basket to its strongest in six days except for the fact that the session is hardly off to a risk averse start. Government bond yields around the world are on the rise while equity indices have casually rebounded and in pre-market trading, U.S. indices are buoyant and crude oil prices have come off the boil.
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| Posted: 08 Mar 2011 06:25 AM PST |
| Posted: 08 Mar 2011 06:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 06:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 06:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 06:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/JPY Is In A Flag Pattern Above Key Support At 132.85 Posted: 08 Mar 2011 06:19 AM PST GBP/JPY's Short-term Bearish Scenario is Materializing (3/7) - The 1H Chart shows the GBP/JPY consolidating above an important support at 132.85. The consolidation takes shape of a flag. Respect of 133.65 pivot is important if the market is in wave "4″ or an impulse wave. A break above 133.65 invalidates that, but essentially remains open to a bearish impulse wave with nesting if the market then stays below 134.05.
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| Posted: 08 Mar 2011 06:10 AM PST Goldcorp Inc. (NYSE:GG) increased its monthly dividend for 2011 to $0.034 per share, an 11% increase over the prior dividend. The dividend is payable on March 25, 2011 to shareholders of record as of March 17, 2011. Goldcorp has been paying a monthly dividend to its shareholders since 2003.
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| FWLT & Partners In A Saudi Contract Posted: 08 Mar 2011 06:07 AM PST A subsidiary of Global Engineering and Construction Group of Foster Wheeler AG (NASDAQ:FWLT) along with its associative partners A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) and Saudi Consolidated Engineering Company – Khatib & Alami (SCEC K&A) has entered into a five-year agreement to provide services for General Engineering Services Plus (GES+) initiative of Saudi Aramco. The contract has an option to be extended beyond five year. The companies … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 06:07 AM PST Comcast Corp. (NASDAQ:CMCSA) reported excellent fourth-quarter 2010 financial results, which easily beats the Zacks Consensus Estimates. The company has become a media baron after completing the acquisition of majority stake in NBC Universal from General Electric Co. (NYSE:GE). Some of the TV channels of NBC Universal has global acceptance. At present, Comcast turned out to be highly diversified entertainment house, offering cable-TV/high-speed Internet connectivity, producing rich TV … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CHF Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 05:59 AM PST by ForexMansion.com
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| Crude Oil Rally Likely To Resume, Gold Positioning Reveals Bearish Cues Posted: 08 Mar 2011 05:50 AM PST Commodities – Energy
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| GBP Extends Decline Past 1.62 Vs USD On Soft Retail Sales Posted: 08 Mar 2011 05:49 AM PST The Pound was weaker yesterday on news that Andrew Sentance would be replaced in the Bank of England Monetary Policy Committee by Ben Broadbent – who has a more balanced view of the need for an interest rate cut than the ultra-hawkish Sentance.
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| AUD/USD Tests Central Pivot At 1.0070 Posted: 08 Mar 2011 05:46 AM PST A Look at Some Aussie Pairs (3/7 Video) - The AUD/USD is testing an important pivot at 1.0070. You can see its importance in the 4H chart. At the moment, it would be providing support.
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| ECON 101: Protectionism For Dummies Posted: 08 Mar 2011 05:46 AM PST In his latest article “The Social Snobbery of Free Trade” Ian Fletcher goes on yet another of his trademark anti-trade, protectionist tirades, claiming now that free trade advocates are snobs who look down on protectionists as “dummies, losers, incompetents, hippies, rednecks, dinosaurs, closet socialists, or crypto-fascists.” In his conclusion, Fletcher writes that “It is high time people stopped forming their opinions about free trade based on what they think people will think of them at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Higher Vs. Rivals As Oil Retreats Posted: 08 Mar 2011 05:31 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, as market sentiment improved after reports that OPEC may boost oil production to help keep the global economic recovery on track. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.53% to hit 1.3895. Earlier Tuesday, official data showed that German factory orders rose more-than-expected in January, amid strong domestic demand. The greenback was also … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 05:25 AM PST Effective April 4, 2011, Air Products and Chemicals Inc. (NYSE:APD) will increase prices of its Tomamine, Tomadry and Tomadyne surfactants by $0.05 per pound and Tomadol, Nonidet and Nonatell surfactants prices by $0.04 per pound driven by increase in raw material costs.
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| Canada Housing Starts Rise More-than-expected In February Posted: 08 Mar 2011 05:20 AM PST Forex Pros – Canadian housing starts rose more-than-expected in February, industry data showed on Tuesday. In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose to 182K units in February, compared to 171K units in January, whose figure was revised down from 170K. Economists had expected housing starts to rise to 175K in February. Commenting on the report, chief economist at CMHC's Market Analysis Centre Bob Dugan … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/USD Confirms Bearish Breakout To Test Wedge Support Posted: 08 Mar 2011 05:19 AM PST GBP/USD Setting up Range, Ascending Triangle Pattern Breakout (3/7) - We are seeing the bearish breakout scenario materialize. After breaking below 1.6215, the market consolidated a bit at 1.62. After two very minor "bumps" or bullish attempts around 1.62, we had a slide below to confirm the bearish breakout. The RSI also needs to break below 30 to confirm this bearish intent targeting 1.6085.
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| Forex – Pound Extends Losses Against Dollar As Oil Prices Ease Posted: 08 Mar 2011 05:16 AM PST Forex Pros – The pound extended losses against the broadly stronger U.S. dollar on Tuesday, as oil prices retreated from recent highs and weak U.K. data weighed on sentiment towards the currency. GBP/USD hit 1.6142 during European afternoon trade, the pair's lowest since February 28; the pair subsequently consolidated at 1.6152, shedding 0.30%. Cable was likely to find support at 1.6070, the low of February 28 and resistance at 1.6341, Monday's high. The dollar's gains came after … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Slides On Sovereign Debt Concerns, Gives Up $1.40 Perch Posted: 08 Mar 2011 05:15 AM PST The Euro was weaker against the USD in today's session giving up the $1.40 level as oil retreated a bit overnight – helping to ease some of the pressure on greenback – while at the same time focus again turned to the debt problems of Euro-zone periphery nations.
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| Is AUD Poorly Positioned Heading Forward? Posted: 08 Mar 2011 05:05 AM PST In today's trading we saw the AUD/USD pair fall rather strongly, as the USD strengthened against most of its rivals. However, we have see the pair again rejected at the 1.02 level. For the most part, the pair has been in sideways price action throughout the first two months of 2011 as it has been unable to push above 1.02, though at the same time is have been setting higher lows during the period.
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| The End Of SM Investment Corporation’s Rally? Posted: 08 Mar 2011 05:00 AM PST Filipino-Chinese Tycoon Henry Sy's investment holding firm, SM Investments Corporation (SMIC) or SM in the Philippine Stock Exchange earned a net income amounting to PHP 18.40 billion pesos in 2010 which was 15% higher than the previous year. SM's better-than-expected corporate earnings result carried the price of its shares from an opening of PHP 461.00 last March 3 to a closing of PHP 509.50 today (March 8). The increase in SM's income can be attributed mainly to the its retail business … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Slips From 5-week High Amid Fresh Euro Debt Worries Posted: 08 Mar 2011 05:00 AM PST Forex Pros – The euro eased off a five-week high against the pound on Tuesday, as concerns about euro zone sovereign debt resurfaced, overshadowing expectations that the European Central Bank will raise rates ahead of the Federal Reserve. EUR/GBP hit 0.8592 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.8609, sliding 0.12%. The pair was likely to find support at 0.8563, last Friday's low and resistance at 0.8635, the day's high and a five-week … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/USD Completes Wave Equality And Tests Key Pivot At 1.39 Posted: 08 Mar 2011 04:57 AM PST EUR/USD Targets 1.4280 and 1.4400 but is Exhausted (3/7)
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| NZD/USD Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 04:51 AM PST
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| GBP/USD Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 04:49 AM PST By ForexMansion.com
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| Housing Barometer Makes New Low Posted: 08 Mar 2011 04:09 AM PST How do we measure what is really going on within the housing market? Regularly we see reams of housing data from new home sales, housing starts, building permits, and the Case-Shiller Housing Index. What are we to make of these various indicators?
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| Forex – Euro Slides To 3-day Low Against Broadly Stronger Dollar Posted: 08 Mar 2011 03:54 AM PST Forex Pros – The euro slid to a three-day low against the broadly stronger U.S. dollar on Tuesday, as oil prices retreated amid reports that the Organization of the Petroleum Exporting Countries may boost production, easing concerns over the impact of rising energy costs. EUR/USD hit 1.3913 during European afternoon trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.3924, shedding 0.32%. The pair was likely to find support at 1.3832, Thursday's low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| AUD/USD Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 03:47 AM PST by ForexMansion.com The price of gold will be the biggest factor in this pair this week. Any … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/USD Forex Forecast For March 8, 2011 Posted: 08 Mar 2011 03:44 AM PST By ForexMansion.com
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| German Factory Orders Rise More-than-expected In January Posted: 08 Mar 2011 03:06 AM PST Forex Pros – German factory orders rose more-than-expected in January, official data showed on Tuesday. In a report, Deutsche Bundesbank said factory orders rose by a seasonally adjusted 2.9% in January, after tumbling by 3.6% in December, whose figure was revised from a decline of 3.4%. Analysts had expected German factory orders to rise by 2.5% in January. The data showed that year-on-year German factory orders rose more-than-expected in January, rising by an annualized 16.0%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Hits 9-day High As Oil Prices Ease On OPEC Talks Posted: 08 Mar 2011 02:02 AM PST Forex Pros – The U.S. dollar climbed to a nine-day high against the Swiss franc on Tuesday, as reports that the Organization of the Petroleum Exporting Countries may boost production saw oil prices ease. USD/CHF hit 0.9355 during European morning trade, the pair's highest since February 23; the pair subsequently consolidated at 0.9320, climbing 0.58%. The pair was likely to find support at 0.9234, Monday's low and resistance at 0.9391, the high of February 23. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Europe Stock Markets Advance As Oil Prices Retreat; DAX Up 0.43% Posted: 08 Mar 2011 01:59 AM PST Forex Pros – European stock markets were higher on Tuesday, as oil prices retreated from two-and-a-half-year highs, while U.S. futures indexes pointed to an upbeat open on Wall Street. During European morning trade, the EURO STOXX 50 climbed 0.33%, France's CAC 40 added 0.31%, while Germany’s DAX gained 0.43%. Oil prices retreated from 29-month highs after the Organization of the Petroleum Exporting Countries said they were in discussions to boost production for the first time in more … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Up Against Most Rivals As Oil Prices Ease Posted: 08 Mar 2011 01:35 AM PST Forex Pros – The U.S. dollar was higher against most of its major counterparts on Tuesday, as oil prices eased after surging to a two-and-a-half-year high on Monday, as talks to discuss increasing supplies looked set to begin. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.20% to hit 1.3940. The greenback was also fractionally higher against the pound, with GBP/USD dipping 0.03% to hit 1.6195. Earlier Tuesday, industry data showed that U.K. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Hits 6-day Low As Weak U.K. Data Weighs Posted: 08 Mar 2011 01:18 AM PST Forex Pros – The pound fell to a six-day low against the broadly stronger U.S. dollar on Tuesday, after industry data showed that U.K. retail sales fell in February, while house prices continued to drop. GBP/USD hit 1.6172 during European morning trade, the pair's lowest since February 28; the pair subsequently consolidated at 1.6189, shedding 0.07%. Cable was likely to find support at 1.6070, the low of February 28 and resistance at 1.6341, Monday's high. Earlier in the day, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Dollar Index: High Risk Of Unraveling Posted: 07 Mar 2011 08:44 AM PST I am sure that you are aware that the Dollar Index can’t get a bid. This isn’t news but a fact. The Dollar Index is in a down trend, and the question to ponder is: how low can it go? Looking at the price patterns, I believe the Dollar is at significant risk of unraveling. Figure 1 is a weekly chart of the Dollar Index (symbol: $DXY). The black dots over the price bars are pivot points, and as we can see, price closed last week below the two most recent pivot points (labeled … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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