Wednesday, April 27, 2011

DailyMarkets.com - Conoco Misses, Output Falls

DailyMarkets.com - Conoco Misses, Output Falls

Conoco Misses, Output Falls

Posted: 27 Apr 2011 07:50 AM PDT

ConocoPhillips (NYSE:COP) reported first-quarter 2011 earnings of $1.82 per share (excluding non-recurring items), way below the Zacks Consensus Estimate of $1.97 due to lower production volumes, the absence of equity earnings from LUKOIL and higher taxes.
However, the quarter's earnings increased from $1.47 in the year-ago quarter. The improved performance primarily reflects a hike in commodity prices associated with better U.S. refining margins.
Revenues in the reported quarter jumped more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Altera Tops Earnings

Posted: 27 Apr 2011 07:50 AM PDT

Chipmaker Altera Corporation (NASDAQ:ALTR) reported sales of $535.8 million in the first quarter of 2011, down 4% sequentially and down 33% year over year, but short of the Zacks Consensus Estimate of $537 million.
As anticipated by management, revenue from several of the company's large telecom & wireless customers declined. Wireless was down significantly due to the end of the fourth round of TD-SCDMA deployment in China and weakness in India, partially offset by growth in WCDMA and LTE. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Becton Tops, Beefs Up Guidance

Posted: 27 Apr 2011 07:40 AM PDT

Leading global medical technology company Becton Dickinson and Company (NYSE:BDX) reported, after the closing bell on April 26, second-quarter fiscal 2011 earnings per share of $1.38, topping the Zacks Consensus Estimate of $1.30 while surpassing the year-ago earnings of $1.24.
Net income rose 4.8% year over year to $312 million on the back of higher revenues across the board. Shares of New Jersey-based Becton Dickinson gained $1.26 to reach $86.15 in after-hours trading, following  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Time Warner Cable Inc.

Posted: 27 Apr 2011 07:35 AM PDT

Time Warner Cable Inc.(NYSE:TWC)is slated to release its first quarter 2011 results on Thursday, April 28, before the opening bell. The current Zacks Consensus Estimate for the first quarter is pegged at 99 cents, representing an annualized growth of 20.95%.
With respect to earnings surprises over the trailing four quarters, Time Warner Cable has outperformed the Zacks Consensus Estimate in all the three quarters except the last quarter where it failed to beat the Zacks Consensus Estimate by a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Akamai Technologies Inc.

Posted: 27 Apr 2011 07:35 AM PDT

Akamai Technologies Inc.(NASDAQ:AKAM) is scheduled to announce its first quarter 2011 results today, after the market closes. We do not see any movement in analysts' estimates in the run up to the earnings report.
Prior Quarter Highlights
Akamai reported fourth quarter 2010 earnings per share (EPS) of 30 cents, beating the Zacks Consensus Estimate by 2 cents. Akamai achieved its top-line guidance of more than $1.0 billion in fiscal 2010.
Revenues in the quarter escalated 19.5% year over year and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Copper Rally Starting To Tarnish?

Posted: 27 Apr 2011 07:18 AM PDT

Today’s Idea
With Copper prices starting to look a bit toppy, some traders who are looking for prices to start to decline may wish to explore selling July Copper on a stop if prices fall below support at 4.1720, with a potential price target at 3.9500. Some traders perhaps may wish to risk this trade to the 4/25 low of 4.2600.
Fundamentals
After trading to record highs earlier this year, the Copper futures bull market may be stating to waver, despite the continuing weakening of the U.S. Dollar, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Close To 16-month High As Fed Decision On Tap

Posted: 27 Apr 2011 07:07 AM PDT

Forex Pros – The euro held gains against the U.S. dollar on Wednesday, trading close to a 16-month high ahead of a key interest rate announcement by the U.S. Federal Reserve later in the day.<br /><br />EUR/USD hit 1.4713 during U.S. morning trade, the pair&rsquo;s highest since December 11, 2009; the pair subsequently consolidated at 1.4677, rising 0.23%.<br /><br />The pair was likely to find support at 1.4492, Tuesday&rsquo;s low and resistance at 1.4866, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Looks For Fresh Highs While Silver Sits Tight

Posted: 27 Apr 2011 07:01 AM PDT

What are the Next Targets for Gold and Silver (4/25)
Silver Spooked at 50 and Reverses Sharply (4/26)
Gold (XAU/USD)
Short to Medium Term
- Gold is continuing a rally after a brief correction supported just above 1490. The market looks poised to retest the record high at 1517.90.
- The RSI reading in the 4H chart is returning above 60 after failing to break below 40. A break above 70 will confirm a break above 1517.90.
- The target in the medium term above this high is 1585.
- The RSI reading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wyndham Beats EPS, Outlook Up

Posted: 27 Apr 2011 07:00 AM PDT

Wyndham Worldwide Corporation's (NYSE:WYN) first quarter 2011 adjusted earnings of 44 cents per share outpaced both the Zacks Consensus Estimate of 39 cents and the year-earlier quarter earnings of 34 cents per share. On a reported basis, Wyndham delivered earnings of 41 cents per share versus 27 cents in the prior-year quarter.
The increase was mainly driven by higher revenue per available room (RevPAR) in the Lodging business, strong operational performance by the Vacation Ownership and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oriental Peninsula Resources’ (ORE) Scary Technicals

Posted: 27 Apr 2011 06:39 AM PDT

Oriental Peninsula Resources Group, Inc.'s (ORE) performance in 2010 was stellar. Indeed, last year's feat could be considered as one for the books. Unfortunately, this year's story looks to be the exact opposite at least from the technical point of view.
As mentioned, 2010 was a year to remember for ORE as it grew from PHP 0.85 all the way to a high of PHP 4.55! In an unlucky turn of events, its winning streak was cut short as it gradually slipped for during the first 4 months of 2011. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Slips As Markets Await Fed FOMC Decision

Posted: 27 Apr 2011 06:39 AM PDT

Forex Pros – The U.S. dollar slipped lower against its Canadian counterpart on Wednesday, ahead of the conclusion of the Federal Reserve’s latest policy meeting and a press conference with Fed Chairman Ben Bernanke.<br /><br />USD/CAD hit 0.9488 during early U.S. trade, the daily low; the pair subsequently consolidated at 0.9514, dipping 0.03%.<br /><br />The pair was likely to find support at 0.9453, the low of April 21 and a multi-year low and resistance at 0.9561, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manufacturing Leads The U.S. Economic Recovery

Posted: 27 Apr 2011 06:36 AM PDT

New orders for manufactured durable goods in the U.S. rose to a 30-month high in March of $208.37 billion, according to today’s report from the Census Bureau.  That was the highest volume of orders in a single month since September 2008, two and-a-half years ago, and was 10.5% above the level a year ago, and 2.5% above orders in February.  For the first quarter of 2011, durable goods orders were the highest on a quarterly basis since the third quarter of 2008, and above the same … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BOK Financial Tops, Hikes Dividend

Posted: 27 Apr 2011 06:35 AM PDT

BOK Financial Corporation's (NASDAQ:BOKF) first quarter 2011 earnings of $64.8 million or 94 cents per share were above the Zacks Consensus Estimate of 91 cents. The results also compare favorably with the prior quarter's earnings of $58.8 million or 86 cents per share and prior-year quarter's earnings of $60.1 million or 88 cents per share.
Results primarily reflect a rise in interest revenue, lower expenses and improvement in credit metrics. However, fees and commissions revenue remained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Becton, Dickinson And Company, Central European Media Enterprises Ltd., C.H. Robinson Worldwide, Ford Motor Credit Company, Hospira Inc, Ingersoll-Rand Company, Johnson Controls, Lockheed Martin, Mission West Properties, Timken Company

Posted: 27 Apr 2011 06:35 AM PDT

    Hospira (NYSE:HSP) reported Q1 EPS of $0.93, well ahead of the Zacks Consensus Estimate of $0.78 per share. Revenues for the quarter fell less by than a percent to $1.0 billion, topping the Zacks Consensus Estimate of $941.0 million

    Ford (NYSE:F) reported Q1 EPS of $0.61, beating the Zacks Consensus Estimate of $0.50 per share. Revenues for the quarter rose 17.8% year-over-year to $33.1 billion, higher than the Zacks Consensus Estimate of $30.188 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABB’s Solid Engs. Slightly Misses Est.

Posted: 27 Apr 2011 06:35 AM PDT

ABB Ltd. (NYSE:ABB) reported first-quarter 2011 earnings per share of 29 cents, below the Zacks Consensus Estimate of 31 cents but above prior-year earnings of 20 cents. ABB witnessed double-digit growth rate in order level, revenue and earnings.
Increasing demand for industrial efficient products, investments being made in gird interconnections and upgrades and a comparatively better cost position boosted the company's performance in the quarter.
Total Revenue
Total revenue in the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Fed In Focus

Posted: 27 Apr 2011 06:35 AM PDT

Investors will have a lot to digest today. In addition to earnings reports from a host of major companies, we got a solid March Durable Good report that was broadly inline with expectations

Beyond the U.S. shores, we got a lackluster GDP growth report from the U.K., and a rating agency downgraded its outlook for Japan’s economy to negative. The positive tone of the Durable Goods and earnings reports should help stocks sustain the positive momentum from yesterday.

All eyes will be on the Fed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Tests 38.2% Fibo Retracement Level

Posted: 27 Apr 2011 06:26 AM PDT

The USDCHF fell sharply in the early Asian session but has since enjoyed a trend-like move to the upside.  The step by step progression higher (see 5 minute chart above) initially found resistance against the 100 bar MA (blue line). After it broke above that, it paused at the 200 bar MA (green bar).  It broke through that and then tested the MA level on the correction. The ability to find buyers against the level and push higher has led to increased momentum with a high so far … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LLL’s New Share Buyback Scheme

Posted: 27 Apr 2011 06:15 AM PDT

L-3 Communications Holdings, Inc. (NYSE:LLL) announced its new share repurchase program. Effective immediately, the company will be able to buy back up to an additional $1.5 billion of the company's common stock through April 30, 2013.
L-3 Communicationsis expected to use cash on hand and cash generated from operations for the share repurchases. Share repurchases are a central element of the company's disciplined capital deployment strategy and reflects its ongoing commitment to deliver value … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 27 Apr 2011 06:15 AM PDT

04/27/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon Misses, Bottom Looks Near

Posted: 27 Apr 2011 06:08 AM PDT

Amazon.com's (NASDAQ:AMZN) first quarter earnings missed the Zacks Consensus Estimate by 16 cents, or 26.7% on revenues that beat the Zacks Consensus by 3.6%.
Amazon's bottom line surprises have not been exceptional in the recent past, with the average negative surprise in the preceding four quarters at 0.88%. A lot of this was on account of management's decision to invest in the business. As a result, investors were not too put out by the quarter's performance, as reflected in the 0.71% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rogers Communications Outperforms

Posted: 27 Apr 2011 06:08 AM PDT

Rogers Communications Inc. (NYSE:RCI) declared strong financial results for the first quarter of 2011 buoyed by massive postpaid wireless subscribers' growth. Quarterly net income was $342 million or 61 cents per share compared with a net income of $376 million or 63 cents per share in the year-ago quarter. However, the first quarter adjusted EPS was 75 cents, well above the Zacks Consensus Estimate of 72 cents. Quarterly total revenue was $3,054 million, up 4% year over year, surpassing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FMC Tech Falls Short, Backlog Grows

Posted: 27 Apr 2011 06:07 AM PDT

Oil drilling equipment maker FMC Technologies Inc. (FTI) reported first quarter earnings per share from continuing operations (excluding a tax benefit of 3 cents) of 32 cents, lagging the Zacks Consensus Estimate of 37 cents and the year-ago profit of 40 cents. The weaker-than-expected results were mainly due to weak results from its 'Energy Production Systems' unit.
Revenue of $1,081.9 million came in short of our expectations of $1,140.0 million but managed to surpass the first quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Jumps To 8-day High Against Broadly Weaker Yen

Posted: 27 Apr 2011 05:54 AM PDT

Forex Pros – The euro surged to an eight day high against the broadly weaker yen on Wednesday, after ratings agency Standard &amp; Poor’s cut its outlook for Japan’s sovereign debt rating to negative from stable.<br /><br />EUR/JPY hit 120.77 during European afternoon trade, the pair&rsquo;s highest since April 15; the pair subsequently consolidated at 120.66, jumping 1.03%.<br /><br />The pair was likely to find support at 118.48, Tuesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gross Hypocrisy: Trump Clothing Made In China

Posted: 27 Apr 2011 05:52 AM PDT

At the same time Trump tells Americans to buy less “crap” from China…… 

From Salon — “Donald Trump has emerged in recent years as the nation’s foremost China basher, going after the Asian superpower for undervaluing its currency and for taking American manufacturing and jobs. So it’s at least ironic — and at most an example of gross hypocrisy — that Trump’s own line of men’s wear, the Donald J. Trump Signature Collection, is manufactured in China (see photo above from a Macy’s in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Inches Lower In Cautious Trade Ahead Of FOMC/Bernanke

Posted: 27 Apr 2011 05:48 AM PDT

The EURUSD is inching lower in cautious trade. The better than expected Durable Goods data led to a small move to the downside but the pair continues to find buyers on dips. The highs from yesterday betwen 1.4646-56 represent the support target that cannot be broken.  Above the 100 and 200 bar MA on the 5 minute chart (see above) are converging at the 1.4673 level. This is congruent with a balanced market. 
Of course we have the hyped FOMC decision at 12:30 PM ET followed by Chairman … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Up Ahead Of Fed, Bernanke; Dow Futures Add 0.2%

Posted: 27 Apr 2011 05:38 AM PDT

Forex Pros – U.S. stock futures pointed to a higher open on Wednesday, boosted by robust corporate earnings and as markets awaited the conclusion of a key policy setting meeting by the Federal Reserve later in the day.<br /><br />Dow Jones Industrial Average futures pointed a gain of 0.2%, the S&amp;P 500 futures climbed 0.35%, while Nasdaq 100 futures indicated an increase of 0.55%. <br /><br />The Fed&rsquo;s Open Market Committee was widely expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Core Durable Goods Orders Rise Less-than-expected

Posted: 27 Apr 2011 05:35 AM PDT

Forex Pros – U.S. core durable goods orders rose less-than-expected in March, official data showed on Wednesday. <br /><br />In a report, the U.S. Census Bureau said core durable goods orders rose by a seasonally adjusted 1.3% in March, after rising by 0.6% in February, whose figure was revised up from a decline of -0.6%.<br /><br />Analysts had expected core durable goods orders to rise by 1.6% in Marchy.<br /><br />The report showed that durable goods … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Durable Goods Rise More Than Expected In March, Good Sign For Manufacturing

Posted: 27 Apr 2011 05:34 AM PDT

Headline durable goods orders grew by 2.5% to a seasonally adjusted $208.37 billion in the month of March, better than forecasts. It was the 3rd increase in a row, as February's data was revised higher from a 0.6% decline
Durable goods are those designed to last longer than 3 years and are therefore a better indicator of underlying consumer spending habits. More orders for durable goods means that the manufacturing sector will be busier in the next month or two.
The headline indicator can be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Synovus Trims Losses Significantly

Posted: 27 Apr 2011 05:30 AM PDT

Synovus Financial Corp. (NYSE:SNV) reported first-quarter 2011 loss attributable to common shareholders of 12 cents per share, a significant improvement from the loss of 47 cents per share reported in the year-ago quarter and 23 cents in the prior quarter. Moreover, the quarter's earnings were in line with the Zacks Consensus Estimate.
Excluding $24.3 million of restructuring charges, the net loss attributable to common shareholders was $69.3 million or 9 cents per common share.
Net loss … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fundamental Wrap-Up – 04.27.11 – UK GDP Erases 4th Quarter Loss, AUS CPI Jumps By Highest In 5 Years

Posted: 27 Apr 2011 05:01 AM PDT

UK Economy Wipes out 4th Quarter Loss with a an Equal Gain in GDP in 1st Quarter
The UK economy matched expectations, growing 0.5% q/q in the 1st quarter.

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That makes up for the 0.5% contraction the country had in the 4th quarter, bringing the economy back to where it was in the fall of 2010. The news certainly helped to dispel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For April 28, 2011

Posted: 27 Apr 2011 04:50 AM PDT

By ForexMansion.com
 
The AUD/NZD pair inclined to cover its previous losses, as the Australian dollar recorded a new all time high verses greenback, supporting the AUD/NZD pair to move to the upside.
The Aussie rose sharply and recorded a new multi decades high versus the dollar after Consumer prices in Australia rose 1.6% in the first quarter after a 0.4% increase in the last three months of 2010; fueling speculation the Reserve Bank of Australia will resume interest-rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For April 28, 2011

Posted: 27 Apr 2011 04:49 AM PDT

By ForexMansion.com
 
The New Zealand currency strengthened to a three-year high versus its major counterpart the US dollar after the New Zealand economy showed its business confidence surged to 14.2 during the month of April, compared with the previous drop by 8.7 in March.
 
Demand for the Kiwi has increased on speculation the Federal Reserve will keep the interest rates at their lowest level near zero, along with the NBNZ activity outlook jump to 29.5 in April from 14.7 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Lower Vs. Most Rivals As Bernanke Comments Awaited

Posted: 27 Apr 2011 04:48 AM PDT

Forex Pros – The U.S. dollar was down against most of its major counterparts on Wednesday, as markets awaited the conclusion of a critical policy setting meeting by the Federal Open Market Committee later in the day.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD rising 0.21% to hit 1.4674.<br /><br />Official data earlier showed that factory orders in the euro zone rose less-than-expected in February, but the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Resolves Bullish Divergence And Challenges Bearish Momentum

Posted: 27 Apr 2011 04:04 AM PDT

Forex Notes: Yen-Strength seen in EUR/JPY, GBP/JPY, USD/JPY, and CHF/JPY (4/18)
USD/JPY

Short-term:- The USD/JPY has been persistently declining since April 5th. We have cracked 82.00, and the market is apparently consolidating below this important pivot.
- There are bullish divergences with the RSI in both 1H and 4H charts.
- The 1H chart has already resolved this issue, and the market is showing some bullish momentum, but in the context of a correction to the prior decline.
- This rally is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Nears 16-month High After U.K. GDP Data

Posted: 27 Apr 2011 03:57 AM PDT

Forex Pros – The pound erased early losses against the U.S. dollar on Wednesday, to reapproach a 16-month high, after official data showed that the U.K. economy expanded in line with expectations in the first quarter.<br /><br />GBP/USD clawed back up from 1.6434, the daily low, to hit 1.6566 during European early afternoon trade, gaining 0.53%.<br /><br />Cable was likely to find support at 1.6384, the low of April 21 and short-term resistance at 1.6599, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis April 27, 2011

Posted: 27 Apr 2011 03:54 AM PDT

By ForexMansion.com

The USD/CAD market continues to hover around the 0.95 area, and shows signs of stabilization currently. The market looks like it is still trying to bounce, but it is so bearish overall that buying simply is too dangerous. Look to sell rallies, especially if you can find weakness closer to 0.97 as it is significant resistance.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis April 27, 2011

Posted: 27 Apr 2011 03:54 AM PDT

By ForexMansion.com

The EUR/JPY is currently hitting the bottom of the 120 area that was has been so important lately, as it is resistive and could represent a break out if we can get a close above it. The pair currently looks happy to sit still, but on a close higher than 120 there should be more buyers stepping in. A breakdown below could see 115, which should massive support as well. Selling runs the risk of fighting central banks as they have recently been involved in this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Eyes On The Federal Reserve

Posted: 27 Apr 2011 03:51 AM PDT

By ForexMansion.com
 
Today the Federal Reserve concludes its two-day policy meeting, and all eyes will turn to the statement that will be released later in the day and the first-ever press conference that Bernanke will hold following the FOMC meeting.
Markets are expecting the Feds to take more actions to support the economy. Although the interest rate is expected to be held between 0.0% and 0.25%, the Feds may signal additional quantitative easing, as the 600 billion dollars bond-buying … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD In A Throwback After A 5-Wave Breakout Rally

Posted: 27 Apr 2011 03:45 AM PDT

EUR/USD and GBP/USD in Flag Patterns (4/26)
EUR/USD

Short-Term to Medium Term- The EUR/USD indeed broke above the flag pattern spotted yesterday. The breakout pushed the RSI in the 1H chart above 70, which confirms bullish momentum.
- The structure of the breakout is in a 5-wave sequence suggesting this is the primary direction of the market, confirming the prevailing trend further.
- As we correct the 5-wave rally, the 1.4590-1.46 area should provide support. The 50% retracement level reside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hovering Close To 16-month High Ahead Of Fed

Posted: 27 Apr 2011 03:32 AM PDT

Forex Pros – The euro was hovering close to a 16-month high against the U.S. dollar on Wednesday, as uncertainty over the outcome of a meeting of the Federal Reserve&rsquo;s&nbsp; Federal Open Market Committee later in the day weighed on the greenback.<br /><br />EUR/USD hit 1.4713 during European late morning trade, the pair&rsquo;s highest since December 11, 2009; the pair subsequently consolidated at 1.4667, rising 0.16%.<br /><br />The pair was likely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis April 27, 2011

Posted: 27 Apr 2011 02:11 AM PDT

By ForexMansion.com

The GBP/USD pair fell today, but did manage to bounce back later. The bar formed is a long legged doji, and shows that the pair is a little confused at the moment. This isn't surprising, as it has been for months, but with a bullish bias. There is no real reason to think that the bias is about to change at this time. Buying on dips is still the only way to play this pair.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:01 AM PDT

By ForexMansion.com

The NZD/USD pair continues to defy gravity, and has broken to new highs yet again. However, a trader can't help but feel that this rally is way overextended, and that a significant pullback could be coming. If you are not involved, this is a pair best left alone – as Murphy's Law dictates you will buy it at the highs if you try to now. Look for large pullbacks in order to buy. Shorting is way too dangerous.

Originally posted here
Read more about forex technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis April 27, 2011

Posted: 26 Apr 2011 11:52 PM PDT

By ForexMansion.com

The AUD/USD market rose to test the highs again today, and looks like it still wants to climb at this point. The market is way overbought, but shorting isn't possible as every time you would have thought it safe to, you would have been hurt. The pullback that is needed will come sooner or later – and then should present buying opportunities.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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