| Few Trade Ideas For The Week Ahead Posted: 30 Apr 2011 12:17 AM PDT ( click to enlarge ) Sirius XM Radio Inc. (NASDAQ:SIRI) closed at the high last night which is very bullish. The technical indicators still indicate a bullish bias on this stock. The support level is located at $1.99 followed by $1.88 and the resistance is still at $2. ( click to enlarge ) Atmel Corporation (NASDAQ:ATML), retested the immediate resistance but failed to close over that level. Support continued to be located at $14.85 and close below that level would be bearish or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/NZD Weekly Fundamental Analysis For May 2–6, 2011 Posted: 29 Apr 2011 10:54 PM PDT By ForexMansion.com
The AUD/NZD pair witnessed a significant increase during last week and reached its highest level in 4 weeks, as AUD recorded its highest level ever against the greenback, beside the strong gains in commodity prices as the dollar declined.
The annualized CPI in Australia jumped to 3.3% during the first quarter of the year, from 2.7% a year earlier, the fastest pace in five years.
The consumer price index in Australia accelerated in the first quarter of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/USD Weekly Fundamental Analysis For May 2–6, 2011 Posted: 29 Apr 2011 10:53 PM PDT By ForexMansion.com
Asian currencies grabbed global investors’ attention due to the important data released from major economies in the Asian Pacific. The Australian dollar is the best performer among Asia currencies, where the AUD has recorded a new multi decades high versus its US counterpart after the Australian consumer prices soared.
The Governor Mr. Stevens noted that the economic growth in Australia will moderate during the first three months of the year after the natural … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/USD Daily Fundamental Analysis For May 2, 2011 Posted: 29 Apr 2011 10:52 PM PDT By ForexMansion.com
The Australian dollar continues its upside movement versus major currencies, where it strengthened to a new multi decades high versus the greenback, after the RBA Governor hinted that the economy needs to increase the rates by 25 basis points in the upcoming period, to curb inflation appreciation.
Moreover, the Governor said that The Australian currency's surge to a record won't slow the economy and contain inflation as money market yields signal Reserve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| GBP/USD Daily Fundamental Analysis For May 2, 2011 Posted: 29 Apr 2011 10:50 PM PDT By ForexMansion.com
The main focus will be on manufacturing data as at 14:00 GMT the US will release ISM manufacturing for April, as forecasts refer to a drop in the index to 59.6 from the prior 61.2, while the UK lacks fundamentals.
In the interim, investors expect the BoE to raise interest rate before the Fed after the Bernanke’s announcement last week, following the rate decision, as he vowed to hold interest rate low and continue the bond-purchase program which expires in June, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| GBP/USD Weekly Fundamental Analysis For May 2 – 6, 2011 Posted: 29 Apr 2011 10:49 PM PDT By ForexMansion.com
The GBP/USD advanced last week to record the second weekly advance and a rebound in April after dropping in March after the improvement progress in UK growth data which showed that the British economy expanded 0.5% in the first quarter compared with the 0.5% contraction recorded in fourth quarter of 2010.
In addition, the dollar continued its weakness after the dovish announcement by the Fed’s chairman, Ben Bernanke, as he stated that he will continue the lose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| NZD/USD Daily Fundamental Analysis For May 2, 2011 Posted: 29 Apr 2011 10:48 PM PDT By ForexMansion.com
The New Zealand currency started its recovery after the trade surplus widened during the month of March, due to the nation’s exports of milk powder soared to a record, along with the continuing rise in commodity prices supporting the NZD/USD higher.
New Zealand exports (account for 30% of the nation’s economy) accelerated 11% during the month of March on Asian demand for New Zealand products, supporting the economy to revive this fiscal year after the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| NZD/USD Weekly Fundamental Analysis For May 2–6, 2011 Posted: 29 Apr 2011 10:47 PM PDT By ForexMansion.com
The NZ dollar weakened last week after the Reserve Bank of New Zealand kept interest rates steady at a record low 2.50%, because of the Bank aims to revive the economy from the January and February quake.
Moreover, the New Zealand monetary policy makers will keep the rates unchanged steady at 2.50% this year as economic growth is to be slow. In March, Bollard cut the key rate by half a percentage point after the earthquakes.
The New Zealand economic recover is to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/USD Daily Fundamental Analysis For May 2, 2011 Posted: 29 Apr 2011 10:46 PM PDT By ForexMansion.com
The volatility for the EUR/USD remains high with investors focused with the start of this new week on the ECB after the Feds pledged to maintain their loose monetary policy.
As it is the case always, the start of the week is always volatile with investors pricing their expectations for the news ahead and we have the ECB decision this week alongside the infamous jobs repot from the US.
The volatility will be high as investors assess the growth outlook for the global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/USD Weekly Fundamental Analysis For May 2-6, 2011 Posted: 29 Apr 2011 10:45 PM PDT By ForexMansion.com
The EUR/USD continued to fluctuate heavily and yet again ended with a strong weekly gain for the second consecutive week on interest rate bets.
Last week, the euro gained further momentum with the Feds pledging to keep rates low and taking a dovish stance to support the economy, sending the dollar to its lowest in three years as gauged by the dollar index.
The Feds call the rise in inflation "temporal" while the ECB started to warn of "second-round effects" … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CAD Daily Fundamental Analysis For May 02, 2011 Posted: 29 Apr 2011 10:44 PM PDT By ForexMansion.com
The USD/CAD pair rose on Friday after the Gross Domestic Product estimate for February showed that the Canadian economy contracted by 0.2%, while the economy expanded at an annualized rate of 2.9% worse than median estimates, which weighed down on the Canadian dollar and pushed the USD/CAD pair to rise. Moreover, data from the United States signaled personal income and spending rose in March, which boosted the U.S. dollar against the Canadian dollar as well.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CAD Weekly Fundamental Analysis For May 02-06, 2011 Posted: 29 Apr 2011 10:43 PM PDT By ForexMansion.com
The USD/CAD pair extended its drop during last week, as the U.S. dollar's weakness pushed the pair further to the downside, where the Fed confirmed that they will continue with the extra loose monetary policy, which sent the U.S. dollar tumbling across the board, while slower growth in the first quarter of 2011 also weigh down on the U.S. dollar, nevertheless, the pair's drop was limited after Canada's GDP showed the economy unexpectedly contracted in February, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CHF Daily Fundamental Analysis For May 2, 2011 Posted: 29 Apr 2011 10:42 PM PDT By ForexMansion.com
The main focus will be on manufacturing data in both economies as at 07:15 GMT Switzerland will release SVME purchasing Managers Index for April with expectations showing more expansion to 59.8 from March’s reading of 59.3, where retail sales will be due at the same time. As of 14:00 GMT, the US will release ISM manufacturing for April, as forecasts refer to a drop in the index to 59.6 from the prior 61.2.
Last week, the Swiss economy will release KOF Swiss leading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CHF Weekly Fundamental Analysis For May 2 – 6, 2011 Posted: 29 Apr 2011 10:39 PM PDT By ForexMansion.com
The USD/CHF continued its southern journey and recorded the fourth consecutive loss the previous week and the third monthly drop in April as the dollar gained more weakness after the Fed opted to leave interest rate at its low level and announced its continuation to the 600 billion bond purchase program, where Bernanke pledged to keep lose monetary policy to boost growth.
In the week ending April 29, 2011 the market was affected by announcement of the Fed’s chairman … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/JPY Daily Fundamental Analysis For May 2, 2011 Posted: 29 Apr 2011 10:38 PM PDT By ForexMansion.com
The greenback continued to lose ground versus Japanese yen during last week, as the FOMC meeting failed to give the investors what they want to hear about the dollar outlook.
The Fed policy makers didn't give any sign of thinking about monetary tightening anytime soon during their meeting last week after they kept interest rate at a historic low; pushing the dollar down and opening the way for the yen and other currencies to achieve more gains against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/JPY Weekly Fundamental Analysis For May 2–6, 2011 Posted: 29 Apr 2011 10:37 PM PDT By ForexMansion.com
The USD/JPY pair continued its downside wave for the third week, reaching its lowest level in five weeks. The Japanese currency used the unchanged tone for the Fed policy makers to climb over the weak dollar.
The Fed policy makers didn't give any sign of thinking about tightening their monetary policy anytime soon during their meeting last week after they kept interest rate at a historic low; pushing the dollar index down by 0.5% and opening the way for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Natural Gas Weekly Fundamental Analysis For May 02-06, 2011 Posted: 29 Apr 2011 10:35 PM PDT By CommoditiesMansion.com
Natural gas prices took an upside trend last week after the EIA report for natural gas inventories showed inventories rose below expectations, which put upside pressure on natural gas prices, while natural gas prices were also supported by rising demand from rising power demand in the South, which helped in pushing natural gas prices higher, as traders expect demand power plant fuel to rise on speculations of warm weather conditions.
Also, speculations continue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Natural Gas Daily Fundamental Analysis For May 02, 2011 Posted: 29 Apr 2011 10:34 PM PDT By CommoditiesMansion.com
Natural gas prices continued to rise on Friday for a second day, after the EIA report for natural gas stockpiles showed on Thursday a less than expected rise, as traders speculated that natural gas inventories will decline in comparison to the 5-year average, while also predictions of warmer conditions supported prices on expectations demand for power-plant fuel will increase.
The EIA report for natural gas stockpiles showed that natural gas inventories … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Gold Weekly Fundamental Analysis For May 02-06, 2011 Posted: 29 Apr 2011 10:33 PM PDT By CommoditiesMansion.com
Gold continues the upside move and last week continued the record breaking rally and extended the gains for the week and for the third consecutive month.
Gold rallied higher and traded above $1,540 in the week as investors continued to head to the safety of the yellow haven with the dollar trading near the lowest in three years and at its weakest versus the euro since 2009.
The Federal Reserve pledged to keep rates low last week and support the "moderate" … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Gold Daily Fundamental Analysis For May 02, 2011 Posted: 29 Apr 2011 10:32 PM PDT By CommoditiesMansion.com
Gold ended last week with strong gains and also a good rally for April rising nearly 7.0% on the weak dollar and the demand for hedge against greenback, uncertainty, and inflation.
Traditionally demanded in the times of uncertainty and rising prices, but the dollar was just another boost for gold in the past period. The dollar index that gauges the performance for greenback against its six major trading partners is trading around at its lowest in three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Crude Oil Weekly Fundamental Analysis For May 02-06, 2011 Posted: 29 Apr 2011 10:30 PM PDT By CommoditiesMansion.com
Crude oil prices extended the rally last week, where the weakness of the U.S. dollar pushed crude oil prices to the highest level since June 2008 above $113 a barrel. The weakness of the U.S. dollar came after the Fed's Chairman, Ben Bernanke, confirmed the Fed will continue their loose monetary policy, and accordingly, crude oil prices extended their rally.
The weakness of the U.S. dollar has been the spark behind most movements in financial markets over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Stock Market Summary For Friday, April 29, 2011 Posted: 29 Apr 2011 09:36 PM PDT Stocks notched mild gains in today’s session with the Nasdaq Composite lagging the DJIA and S&P 500 for the second straight session. Market breadth was generally positive and investor participation remained above average. For the S&P 500 and Nasdaq Composite we are keeping their support levels the same but raising their resistance levels (see below). Based on the stock market direction the resistance level for the DJIA is the same but we raising its support level slightly (see below). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| The Week Ahead: Earnings; Rate Decisions – RBA, BoE, ECB; US April Employment Report Posted: 29 Apr 2011 09:00 PM PDT |
| Monetary Policy Week In Review – 30 April 2011 Posted: 29 Apr 2011 08:56 PM PDT The past week saw 11 central banks announce monetary policy decisions, with just 3 making adjustments to interest rates. All 3 policy moves were tightening from emerging markets: Colombia + 25bps to 3.75%, Vietnam +100bps, and Russia +25bps to 8.25%. Meanwhile those that held rate unchanged were: Israel 3.00% Botswana 9.50% US 0.25% Namibia 6.00% New Zealand 2.50% Japan 0.10% Hong Kong 0.50% and Egypt 8.25%. In terms of themes, it was a continuation of the emerging market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Pray For Alabama Posted: 29 Apr 2011 06:21 PM PDT As we go about our lives this weekend, let us pause and remember the tens of thousands of our fellow citi (NYSE:C)zens whose lives have been severely disrupted by the horrific tornadoes that ran through the southeast on Wednesday night. Let us pray for all those who have lost loved ones. Let us pray for all those who have lost their homes and their sense of security as evidenced by this string of chilling photos in The Birmingham News.
Prayer is powerful. Let our fellow Americans know that we care … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Russian Central Bank Raises Rate 25bps To 8.25% Posted: 29 Apr 2011 06:21 PM PDT The Bank of Russia raised the refinancing rate by 25 basis points to 8.25% from 8.00% and raised the overnight deposit rate by 25 basis points to 3.25% from 3.00%. The Bank said “The decision was taken in connection with the persistent level of high inflation expectations, which exceed targets for this year,”. Russia reported annual inflation of 9.6% in April up from 9.5% in March, and above the 2011 inflation target of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Vietnam Central Bank Raises Rates 100bps Posted: 29 Apr 2011 06:04 PM PDT The State Bank of Vietnam increased the refinancing rate 100 basis points to 14.00% from 13.00% previously. The Bank also raised the discount rate 100 basis points to 13.00% from 12.00%, and held the repurchase rate unchanged at 13.00% and the benchmark rate also unchanged at 9.00%. Vietnam reported annual inflation of 17.51% in April, while annual GDP growth in the March quarter was 5.43%, compared to 7.34% in the previous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Colombia Central Bank Hikes Rate 25bps To 3.75% Posted: 29 Apr 2011 05:52 PM PDT The Banco de la Republica Colombia raised its benchmark interest rate by 25 basis points to 3.75% from 3.50% previously. Colombia reported annual inflation of 3.19% in March, compared to its inflation target of 3% +/- 1%. The Bank also raised its economic growth forecasts to 4-6%, from 3.5-5.5% for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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