Wednesday, April 20, 2011

DailyMarkets.com - Earnings Preview: Verizon

DailyMarkets.com - Earnings Preview: Verizon

Earnings Preview: Verizon

Posted: 20 Apr 2011 07:35 AM PDT

The largest U.S. mobile service provider Verizon Communications (NYSE:VZ) is slated to release its first quarter 2011 earnings results on April 21, before the opening bell. The current Zacks Consensus Estimate for the first quarter is 51 cents, representing a 9.79% decline year over year.
Verizon had a 1.82% average positive earnings surprise in the last four quarters. We expect first quarter earnings to be slightly dampened by higher handset subsidies, partially offset by iPhone sales and solid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marginal Beat For Abbott Labs

Posted: 20 Apr 2011 07:35 AM PDT

Abbott Labs (NYSE:ABT) reported first quarter earnings of 91 cents per share, a penny above the Zacks Consensus Estimate and the higher end of the guidance range provided by the company. Earnings increased 12.3% from the year-earlier period. Higher revenues helped drive results. However, including one-time items, earnings declined 14.1% to 55 cents per share.
First quarter revenues increased 17.4% to $9.0 billion, slightly above the Zacks Consensus Estimate of $8.8 billion.
The Quarter in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wolverine’s Upbeat Performance

Posted: 20 Apr 2011 07:35 AM PDT

Wolverine World Wide Inc. (NYSE:WWW), one of the leading designers, manufacturers and marketers of branded footwear and apparel, recently posted first-quarter 2011 results that topped the Zacks expectation on the heels of strong demand witnessed across its brands. The company also raised its outlook for fiscal 2011 on the back of better-than-expected results and a strong order backlog.
The company's multi-brand portfolio, geographical diversification, and multi-distribution channel strategy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSX Beats On Strong Growth

Posted: 20 Apr 2011 07:35 AM PDT

Zacks has removed this article. Thank you
 
CSX CORP (CSX): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Leads The Precious Metals Bull Market

Posted: 20 Apr 2011 07:19 AM PDT

Today’s Idea
With $45 Silver on the doorstep and the potential for $50 plus Silver now on radar screens, we may start to see increasing volatility in Silver prices in the coming weeks. Option prices have become rather expensive, making buying options outright an expensive proposition. Those traders looking for Silver prices to continue to move higher may wish to explore the purchase of a bull call spread in Silver futures options. For example, with July Silver trading at 43.870 as of this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Existing Home Sales Rise More-than-expected In March

Posted: 20 Apr 2011 07:06 AM PDT

Forex Pros – U.S. existing home sales rose more-than-expected in March, industry data showed on Wednesday.<br /><br />In a report, the National Association of Realtors said that existing home sales rose 3.7% to a seasonally adjusted 5.10 million units in March, compared to 4.92 million units in February, whose figure was revised up from 4.88 million.<br /><br />Analysts had expected existing home sales to rise 2.5% to a seasonally adjusted 5.0 million units in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amylin Loss In-Line With Estimates

Posted: 20 Apr 2011 07:00 AM PDT

Amylin Pharmaceuticals (NASDAQ:AMLN) reported a net loss of 24 cents per share in the first quarter of 2011, in line with the Zacks Consensus Estimate and 3 cents below the year-ago loss of 27 cents. Despite a decline in revenues, year-over-year loss declined due to lower expenses.
First quarter revenues declined 12.3% to $152.7 million. Revenues also missed the Zacks Consensus Estimate of $155 million.
Quarterly Details
Total revenues for the quarter declined 12.3% mainly due to lower net product … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Core Laboratories A Penny Ahead

Posted: 20 Apr 2011 07:00 AM PDT

Core Laboratories N.V. (NYSE:CLB) reported impressive first quarter 2011 results, driven by commendable performances across all the three business units.
Earnings per share (EPS), excluding special items, came in at 77 cents, marginally beating the Zacks Consensus Estimate of 76 cents. Moreover, EPS increased 12% from 69 cents in the first quarter of 2010.
Total revenue for the quarter was $206.7 million, up 9.8% from $188.3 million in the prior-year quarter, aided by strong growth in all business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For April 20, 2011

Posted: 20 Apr 2011 07:00 AM PDT

By ForexMansion.com

 
The USD/JPY found itself very quiet today, sitting at current support in the all-important 82.50 area. This shows that the market still wants to rise, although it could be choppy as the central banks are going to be very supportive….it's just that nobody knows from where. Buying is your only choice….hopefully on supportive moves.

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

USD/JPY Fundamental Analysis For April 21, 2011

Posted: 20 Apr 2011 06:58 AM PDT

By ForexMansion.com
 
The Japanese yen fell against the dollar and other major currencies, amid increasing risk appetite pushing USD/JPY higher. After a substantial rise witnessed in the U.S. housing data yesterday and good manufacturing figures from Europe optimism returned to the market.
On the contrary, the Japanese economy released the merchandise trade balance for March, where the surplus narrowed to 196.5 billion yen compared the revised previous surplus of 653.3 billion yen. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IJ Takes On The High-End Limo Cartel In Nashville

Posted: 20 Apr 2011 06:57 AM PDT

From the Institute for Justice: “Until 2010, sedan and independent limo services were an affordable alternative to taxicabs in the Music City. A trip to the airport only cost $25. But in June 2010, the Metropolitan County Council passed a series of anti-competitive regulations requested by the Tennessee Livery Association – a trade group formed by expensive limousine companies. These regulations force sedan and independent limo companies to increase their fares to $45 minimum.

The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Fundamental Analysis For April 21, 2011

Posted: 20 Apr 2011 06:56 AM PDT

By ForexMansion.com
 
We can see the outlook for economic growth during the next three to nine months still strong supported by healthy business investment and a robust labor market, helping traders to prefer high yielding currencies over the greenback pushing NZD/USD higher.
The NZD/USD pair continued its upside movement for the second consecutive day, as gains in the New Zealand commodities along with the upbeat market sentiment supported the NZ Dollar to increase versus majors with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Close To 15-month High After Spain Auction

Posted: 20 Apr 2011 06:54 AM PDT

Forex Pros – The euro was trading close to a 15-month high against the U.S. dollar in thin trade on Wednesday, boosted by a broad based risk rally and by a successful auction of Spanish government debt.<br /><br />EUR/USD hit 1.4547 during early U.S. trade, the pair&rsquo;s highest since January 14, 2010; the pair subsequently consolidated at 1.4522, rallying 1.33%.<br /><br />The pair was likely to find support at 1.4203, Tuesday&rsquo;s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Volatility Ahead Of The Holidays

Posted: 20 Apr 2011 06:52 AM PDT

By ForexMansion.com
 
Although Easter is just around the corner, and many investors are preparing to leave the markets starting Friday when most of Europe, the US and Asia will be closed for holiday, instability within the currency markets was very clear this week, and by Thursday broad markets could turn even more volatile.
Trading volume this week and the beginning of next week will continue to be thin as many will keep celebrating the holiday, therefore sentiment may witness rapid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Fundamental Analysis For April 21, 2011

Posted: 20 Apr 2011 06:50 AM PDT

By ForexMansion.com
 
The AUD/NZD pair stabilized around 1.3330, where the pair couldn’t take a clear directionwith the continued rise of both the Australian dollar and New Zealand dollar against the greenback. On the other hand, high commodity prices are increasing demand for both Aussie and Kiwi.
The Australian dollar caught the attention after it recorded a new several years high above 1.0600 versus its U.S. counterpart, after the Australian economy reported accelerating inflation to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Fundamental Analysis For April 21, 2011

Posted: 20 Apr 2011 06:48 AM PDT

By ForexMansion.com
 
Following strong European manufacturing and increasing US housing starts in March, investors targeted high yielding currencies such as the Australian currency pushing AUD/USD higher amid signs of global growth.
The Australian dollar grabbed the attention after it recorded a new several years high above 1.0600 versus its U.S. counterpart, after the Australian economy released its report to show export prices accelerated 5.2% more than expected during the first quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Reaches Positive Reversal Swing Projection At 1.0680

Posted: 20 Apr 2011 06:37 AM PDT

Forex Video Update 4.16.2011 – Targets for AUD/USD, NZD/USD, and USD/CAD
AUD/USD
Short-Term to Medium Term- The AUD/USD continued the bullish mode, despite cracking channel support. The market is making fresh new highs reaching 1.0680 right near a swing projection seen in the 4H chart suggested by a positive reversal. (A positive reversal occurs when the RSI dips lower, but the price low does not, suggesting a continuation of the bullish trend).
- Note the RSI in the 4H chart staying above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stryker Beats But Charges Hit Net

Posted: 20 Apr 2011 06:36 AM PDT

Orthopedic devices major Stryker Corporation (NYSE:SYK) reported first-quarter fiscal 2011 adjusted earnings per share of 90 cents, beating  the Zacks Consensus Estimate by a penny while exceeding the year-ago earnings of 80 cents.
Adjusted net income climbed 9.9% year over year to $353 million. The adjusted earnings exclude charges (of $46 million) associated with the company's acquisition of Boston Scientific's (NYSE:BSX) Neurovascular business.
However, on a reported basis, profit slipped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Goldman Sachs Group, International Business Machines, Johnson & Johnson, J P Morgan Chase & Co, Man Financial Global, Millicom International Cellular S.A., Molina Healthcare Inc

Posted: 20 Apr 2011 06:35 AM PDT

 Johnson & Johnson (NYSE:JNJ) reported Q1 EPS of $1.35, ex-items, ahead of the Zacks Consensus Estimate of $1.25 per share. Revenues for the quarter rose 3.5% year-over-year to $16.2 billion, beating the Zacks Consensus Estimate of $15.768 billion

 Analysts at JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on shares of MF Global Holdings Ltd (NYSE:MF) with an “Overweight" rating and a price target of $10.00  on the stock

 Credit Suisse initiated coverage Nielsen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves To Test Intraday Trendline. 1.4484 Target Below

Posted: 20 Apr 2011 06:33 AM PDT

The EURUSD has started to show some signs of topping. A trendline is being tested on the 5 minute chart. The 38.2% of the the move higher today is the next key target at the 1.4484 level.
The high today took out the previous highs from April at the 1.4518 level. The high for 2010 comes in at 1.4579. That remains a target on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Fall Below The 82.69 Level And Scoots Lower

Posted: 20 Apr 2011 06:26 AM PDT

The JPY has strengthened after the USDJPY fell below the 82.67-69 support level. The 82.67 level is the 100 day MA. The next target comes out at the 82.35 level. The low on Monday came in at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 20 Apr 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 20 Apr 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: Capped By A Negative Trend Line

Posted: 20 Apr 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 20 Apr 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Returns To Bullish Mode Targeting 1.4578, 1.4675 Then 1.5140

Posted: 20 Apr 2011 06:13 AM PDT

EUR/USD Weakness Contained in Channel 1.4370 is Key Pivot (4/19)
EUR/USD
Short-Term to Medium Term- The EUR/USD remained bullish, not stopping at the 1.4370 pivot. Instead the market pushed the pair above this year's high at 1.4520.
- The market is likely returning to the bullish mode.
- A swing projection seen in the daily chart is suggested by a positive reversal signal where the RSI low is lower, but the price low is higher. During a trend, this suggests continuation. This swing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Illinois Tool

Posted: 20 Apr 2011 06:12 AM PDT

Illinois Tool Works Inc. (NYSE:ITW) is slated to release its first quarter 2011 results on Tuesday, April 26. The current Zacks Consensus Estimate for earnings per share (EPS) is 84 cents, representing an annualized growth of 45.21%.  
With respect to earnings surprises, over the trailing four quarters, Illinois Tool outperformed the Zacks Consensus Estimate in three quarters, while lagging behind in one quarter. The average earnings surprise was a positive 1.18%, implying that the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Actelion Beats Estimates

Posted: 20 Apr 2011 06:08 AM PDT

Actelion Ltd. (ALIOF) reported first quarter earnings of $1.39 per American Depository Receipt (ADR), up 22% over prior-year earnings of $1.14 and also much above the Zacks Consensus Estimate of $1.10. The bottom-line beat was driven by higher revenues, which offset steeper expenses and increased pressure on healthcare spending in many geographical markets.
First Quarter Details
The company reported net revenue of $561 million in the first quarter of 2011, up 15% in local currency and way … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wynn Beats, Doubles Dividend

Posted: 20 Apr 2011 06:08 AM PDT

Wynn Resorts Ltd. (NASDAQ:WYNN) reported its first-quarter 2011 adjusted earnings of $1.38 per share, comprehensively beating the Zacks Consensus Estimate of 73 cents and the year-earlier earnings of 27 cents. On a GAAP basis, net income was $173.8 million or $1.39 per share versus $27.0 million or 22 cents per share recorded in the comparable quarter last year.
The results were boosted by higher-than-expected revenues. Net revenue climbed 38.7% year over year to $1,260.3 million outpacing the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Tumbles To Multi-year Lows Amid Risk Rally

Posted: 20 Apr 2011 06:05 AM PDT

Forex Pros – The U.S. dollar tumbled to multi-year lows against its Canadian counterpart on Wednesday, as a larger-than-expected rise in Canada’s consumer price index on Tuesday and a broad risk rally weighed heavily on the greenback.<br /><br />USD/CAD hit 0.9498 during European late afternoon trade, the pair&rsquo;s lowest since November 12, 2007; the pair subsequently consolidated at 0.9520, shedding 0.40%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Before The Bell

Posted: 20 Apr 2011 06:00 AM PDT

04/20/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Appetite Out In Full Force – AUD, CAD At Yearly Highs Vs USD, Euro Rises On Auctions

Posted: 20 Apr 2011 05:52 AM PDT

Risk appetite, which had tentatively returned yesterday, was out in full force during the Wednesday global session. Stocks in Asia closed strongly higher, European indexes were up 2%, and risk appetite favored higher yielding currencies at the expense of save havens like the USD.

From Retuers: "Upbeat earnings from companies including chip maker Intel lifted stocks and boosted appetite for riskier assets on Wednesday, driving commodities higher and the Australian dollar to a 29-year high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: One-to-One Video Chats

Posted: 20 Apr 2011 05:49 AM PDT

The website ExpertInsight.com is now offering one-to-one private video chats with economists, authors, bloggers, investment advisors, sports coaches, and poker players.  The website is featured in this Bloomberg article.    

Some of the fees for a one-hour video chat are:

Nobel economist Gary Becker: $5,000
Economist Steven Levitt: $3,000
Author Steven Dubner: $3,000
Political blogger Nate Silver: $1,000
Harvard economist Jeffrey Miron: $400

HT: Peter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intuitive Outshines Estimates

Posted: 20 Apr 2011 05:36 AM PDT

Intuitive Surgical (NASDAQ:ISRG) reported first-quarter fiscal 2011 earnings per share of $2.59, outpacing the Zacks Consensus Estimate of $2.49, while surpassing the corresponding year-ago result of $2.12.
Revenues
Intuitive reported revenues of $388 million, up 18% year over year, exceeding the Zacks Consensus Estimate of $379 million.    
On a segmental basis, the company reported revenues from instruments and accessories of $157 million, up 28% year over year. The growth was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Sharply Higher On Intel; Dow Futures Up 1.2%

Posted: 20 Apr 2011 05:27 AM PDT

Forex Pros – U.S. stock futures pointed to a broadly higher open on Wednesday, as a flurry of better-than-expected corporate earnings reports boosted appetite for riskier assets, while shares in chip giant Intel soared ahead of the open. <br /><br />Dow Jones Industrial Average futures pointed a gain of 1.2%, the S&amp;P 500 futures climbed 1.4%, while Nasdaq 100 futures indicated an increase of 1.3%. <br /><br />Shares in the world&rsquo;s largest chipmaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United Technologies Beats Estimates

Posted: 20 Apr 2011 05:25 AM PDT

United Technologies Corp. (NYSE:UTX) reported first-quarter 2011 earnings per share from continuing operations of $1.13, above the Zacks Consensus Estimate of $1.06. The 19% year-over-year increase in the company's earnings, along with improved margin, was led by the sustained cost reduction efforts of the company.
Total revenue in the quarter increased by 11% year over year to $13.3 billion. Revenue was above the Zacks Consensus Estimate of $12.8 billion.
New equipment orders at Otis were up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Warner Chilcott Reshuffles Business

Posted: 20 Apr 2011 05:25 AM PDT

Zacks has removed this article. Thank you
 
PROCTER & GAMBL (PG): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Beats, Raises Guidance

Posted: 20 Apr 2011 05:25 AM PDT

International Business Machines Corp. (NYSE:IBM) delivered strong first quarter 2011 earnings, beating the Zacks Consensus Estimate by 11 cents (4.78% upside). The solid result was primarily driven by robust revenue growth, continued margin expansion and share repurchases in the said quarter.
Operating Performance
IBM posted non-GAAP earnings per share (EPS) of $2.41 per share in the first quarter. This was up 20.5% on a year-over-year basis, primarily due to  solid revenue growth (15 cents), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Broadly Weaker Dollar Hammered By Risk Rally

Posted: 20 Apr 2011 04:51 AM PDT

Forex Pros – The U.S. dollar was sharply lower against most of its major counterparts on Wednesday, as a broad risk rally lifted higher yielding currencies and hammered the greenback.<br /><br />During European early afternoon trade, the greenback was down against the euro, with EUR/USD rallying 1.33% to hit 1.4524.<br /><br />The euro was boosted after a Spanish bond auction saw strong investor demand, although yields were higher.<br /><br />The greenback … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Auto Scams Alive And Well

Posted: 20 Apr 2011 04:47 AM PDT

In the market for a car? There are few jobs in our country today with a lesser reputation than that of a car salesman. While there are certainly plenty of very reputable individuals within the auto industry, why do car salespeople have such horrendous reputations? Here's why.

Visit msnbc.com for breaking news, world news, and news about the economy
Although this hidden camera expose was produced by Dateline NBC back in 2003, a recent report by the Center for Public Integrity indicates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Weaker Dollar Re-approaches Record Low Vs. Swiss Franc

Posted: 20 Apr 2011 04:39 AM PDT

Forex Pros – The broadly weaker U.S. dollar was trading close to an all-time low against the Swiss franc on Wednesday, as a risk rally boosted higher yielding currencies and saw the greenback come under heavy selling pressure.<br /><br />USD/CHF hit 0.8912 during European afternoon trade, the pair&rsquo;s lowest since Monday; the pair subsequently consolidated at 0.8913, tumbling 0.93%.<br /><br />The pair was likely to find short-term support at 0.8895, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BOE Meeting Minutes Push Off Interest Rate Expectations

Posted: 20 Apr 2011 04:35 AM PDT

The Bank of England Monetary Policy Committee voted 6-3 to keep raites on hold at 0.5%. The 3 votes to raise interest rates were Andrew Sentance, who called for a 50 basis point hike, and Martin Weale and Spencer Dale who both voted for a 25 basis point move.Of the 3 members calling for a rate increase, two "regarded the matter as finely balanced and favored only a small tightening."
The other 6 members, including Governor Mervyn King, saw mixed data and showed concern for a weak economy. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 7-day High As Risk Appetite Strengthens

Posted: 20 Apr 2011 04:26 AM PDT

Forex Pros – The pound extended gains against the broadly weaker U.S. dollar in thin trade on Wednesday, as risk appetite sharpened and concerns over Standard &amp; Poor&rsquo;s downgrade of its outlook on U.S. credit ratings eased.<br /><br />GBP/USD hit 1.6388 during European early afternoon trade, the pair&rsquo;s highest since April 11; the pair subsequently consolidated at 1.6374, gaining 0.36%.<br /><br />Cable was likely to find support at 1.6229, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits Fresh 15-month High On Stronger Risk Sentiment

Posted: 20 Apr 2011 03:51 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar amid thin trade on Wednesday, rallying to a fresh 15-month high as upbeat corporate earnings in the U.S. boosted risk appetite, prompting investors to seek out higher yielding assets.<br /><br />EUR/USD hit 1.4547 during European late morning trade, the pair&rsquo;s highest since January 14, 2010; the pair subsequently consolidated at 1.4529, rallying 1.38%.<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For April 20, 2011

Posted: 20 Apr 2011 02:39 AM PDT

By ForexMansion.com

 
The EUR/JPY rose fairly hard today, showing an interest by the trading community to own the pair. This is especially important as it fell so hard previously. The chart still looks the same – buy on signs of support above 115. If we break below that level, selling still isn't possible as the central banks are waiting down below.

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

GBP/JPY Technical Analysis For April 20, 2011

Posted: 19 Apr 2011 11:10 PM PDT

By ForexMansion.com

 
The GBP/JPY shows support at 1.34, as it has bounced from that area two days in a row. It now appears that buyers are willing to step in at the area, and that sellers are running out of steam in the vicinity. With the central banks lurking below – the only direction you can go is to buy anyway. This pair looks like it is ready to bounce upward again.

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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