Friday, April 15, 2011

DailyMarkets.com - Forex Trading: USD/JPY Firmer

DailyMarkets.com - Forex Trading: USD/JPY Firmer

Forex Trading: USD/JPY Firmer

Posted: 15 Apr 2011 02:49 AM PDT

Since the last post we have seen some buying of the USD/JPY and the pair has moved higher through the 23.6% fibo line. Continued momemtum could see the pair visit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In European Trade

Posted: 15 Apr 2011 02:30 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 83.21, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 82.96, Thursday&rsquo;s low, and resistance at 85.14, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.22% to hit 1.4457 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro-zone CPI And Trade Balance Stronger Than Expected

Posted: 15 Apr 2011 02:01 AM PDT

CPI (y/y) – Survey: 2.6%   Actual: 2.7%   Prior: 2.6%
Core CPI (y/y) – Survey: 1.1%   Actual: 1.3%   Prior: 1.0%
Trade Balance – Survey: -3.4B   Actual: -2.4%   Prior: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In European Trading Hours

Posted: 15 Apr 2011 01:55 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4465, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8852 and EUR/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Re-Testing Hourly Lows

Posted: 15 Apr 2011 01:16 AM PDT

In addition to re-testing hourly trendline resistance, the USD/JPY is now re-testing the low of 82.943 after trading continually lower this session with some help from a better than expected revised industrial production reading. Should we find support at this level, we look to 83.25 as the topside target. If the pair should break this level, we look to the daily chart for a significant level further lower which we find at 82.717; the 100 day moving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Pressured By Chinese Rate Hike Fears, Gold May See Support From US CPI

Posted: 15 Apr 2011 01:16 AM PDT

Commodities – Energy
Oil Pressured by Chinese Rate Hike Fears, US Data on Tap
WTI Crude Oil (NY Close): $108.11 // +1.00 // +0.93%
Prices continued to push higher after finding support at $104.82 – the 50%Fibonacci retracement of the 3/16-4/11 advance – with the bulls now poised to challenge support-turned-resistance at a rising trend line set from the lows in mid-February (now at $110.48).The 38.2% Fib at $106.85 remains as near-term support.
The turmoil in the Middle East has produced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The European Session

Posted: 15 Apr 2011 01:10 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6360, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6426, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8852 and GBP/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Joins Gold To Superstardom

Posted: 15 Apr 2011 12:10 AM PDT

Who says silver is cheap?! Silver or XAGUSD in the trading arena is in fact trading at its all-time high along the much coveted gold or XAUUSD. So don't get left behind… catch the silver express when it takes a halt!
Just recently, silver has managed to mark a new all-time high at just below $42.00 per ounce. While many people would think that it is already bound for a fall since given its tremendous run-up, technical signals of gold (yes gold!) suggest otherwise. What's interesting in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Mixed At Close; Nikkei Down 0.65%

Posted: 15 Apr 2011 12:00 AM PDT

Forex Pros – Asian stocks were mixed after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index fell 0.65%, Australia&rsquo;s S&P/ASX 200 index shed 0.63%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.21% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.07%, S&P 500 futures pointed to a decrease of 0.04% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 11:22 PM PDT

By ForexMansion.com
 
The GBP/USD continued the gains and stretched higher despite the prevailing uncertainty and volatility in the market on Thursday. Sterling was supported by positive data and the upbeat outlook for monetary tightening compared to the US economy which bolstered sterling gains versus the dollar.
On Thursday, sterling was supported by a report that showed a rise in consumer confidence in March from a record low which eased the fears over the recovery and supported bulls … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 11:21 PM PDT

By CommoditiesMansion.com
 
Gold rose in trading Thursday as the dollar remained weak against majors excluding the Euro. The dollar continue to support the rise of commodities due to the inverse relationship between the two, while another contributor to the rise is inflation levels that continue to accelerate in europe.
Investor's eye Chinese data at 02:00 GMT with the GDP expected to have expanded by an annual 9.4% in the first quarter slowing from 9.8% while inflation might have rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: NetEase.com, Inc.

Posted: 14 Apr 2011 11:05 PM PDT

NetEase.com, Inc. (NASDAQ:NTES) recently spiked to a new all-time high on the heels of a solid 19% Q4 earnings surprise. With a bullish 13% growth projection and compelling valuation, this Zacks #1 rank stock has gamed its way into momentum.
Company Description
NetEase.com, Inc. is an Internet technology company that specializes in online gaming applications. The company was founded in 1997 and has a market cap of $6.98 billion.
With video and online games as popular as ever, NetEase has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Spreadtrum Communication

Posted: 14 Apr 2011 11:05 PM PDT

Spreadtrum Communications (NASDAQ:SPRD) analysts are growing more and more bullish of SPRD, but the market has not pushed shares higher. At these valuations it is tough to ignore this Zacks #1 Rank (Strong Buy).
Company Description

Spreadtrum Communications is a fabless semiconductor company that makes products for the wireless communication markets. Fabless means that the company does not actually fabricate the products, but designs and sells them.
Same Price, Better Earnings
I wrote about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Enbridge Inc.

Posted: 14 Apr 2011 11:05 PM PDT

Estimates have been rising for Enbridge Inc. (NYSE:ENB) after the company reached a 10-year agreement with shippers for its crude oil mainline system.
The Canadian-based company operates the largest crude oil and liquids pipeline system in the world and is a leader in natural gas distribution.
The company also recently raised its dividend by 15%. It currently yields 3.1%.
Estimates Rising
Despite an earnings miss in Q4, analysts have been raising their estimates consistently over the last several … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Genworth Financial (GNW)

Posted: 14 Apr 2011 11:05 PM PDT

Genworth Financial’s (NYSE:GNW) fourth-quarter operating loss lagged the Zacks Consensus Estimate led by a substantially higher year-over-year loss at the U.S. Mortgage Insurance segment, which was partially offset by better results at Retirement & Protection and at International. We expect an elevated unemployment rate will continue pressuring its mortgage insurance business.
Though the business is showing signs of improvement, the mortgage line is still experiencing losses. Additionally, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Priceline.com (PCLN)

Posted: 14 Apr 2011 11:05 PM PDT

Priceline.com (NASDAQ:PCLN) is one of the leading online travel companies in the world. Priceline’s fourth quarter earnings beat the Zacks Consensus and management expects strong double-digit bookings growth in the next quarter, with international growing much faster than domestic.
The secular growth trend in the online travel space, Priceline’s own business momentum, international growth opportunities, good execution, prudent marketing strategy and strong financial position are likely to drive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Pessimism Dominates As U.S. Data Disappoints, While Senates Accuse Goldman Sachs Of Manipulating Mortgage Markets

Posted: 14 Apr 2011 10:54 PM PDT

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Crude Oil Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 10:51 PM PDT

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Natural Gas Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 10:51 PM PDT

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Gold Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:51 PM PDT

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Natural Gas Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:51 PM PDT

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Oil Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:51 PM PDT

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Forex – EUR/USD Down During The Asian Session

Posted: 14 Apr 2011 10:50 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4477, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8866 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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EUR/USD Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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USD/CAD Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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AUD/NZD Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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EUR/JPY Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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EUR/CHF Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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GBP/JPY Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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USD/JPY Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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


GBP/USD Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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


NZD/USD Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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USD/CHF Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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USD/CAD Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:45 PM PDT

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


GBP/CHF Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 10:39 PM PDT

By ForexMansion.com

 
GBP/CHF sat tight again today, showing this area around the 1.46-1.45 mark to be very supportive. The signal is easy on this one – the next large bar should show the next move. Wait until we get a larger daily close to pick the direction. However, it should be said that there is a strong downtrend in place.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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Forex – GBP/USD Down In Asian Trade

Posted: 14 Apr 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6337, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6426, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8859 and GBP/JPY falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 14 Apr 2011 10:00 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2930, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.2846, Thursday&rsquo;s low, and resistance at 1.3164, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.08% to hit 1.4476 and EUR/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During Asian Trade

Posted: 14 Apr 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8936, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.8896, Thursday&rsquo;s low, and resistance at 0.9105, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.12% to hit 1.4471 and USD/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session

Posted: 14 Apr 2011 09:20 PM PDT

Forex Pros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8857, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.8793, Monday&rsquo;s low, and resistance at 0.8924, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.4473 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For April 15, 2011

Posted: 14 Apr 2011 08:58 PM PDT

By ForexMansion.com

 
EUR/GBP continues to pullback, but formed a massive hammer today – a bullish sign indeed. This proves that the 0.88 level is trying to be supportive. This shows that we may soon be moving back up as we find more buyers getting interested. Selling is not an option. Any move upward is a buy signal.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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March Exports From LA Port Surge To Record High

Posted: 14 Apr 2011 08:49 PM PDT

The Port of Los Angeles released data today on March shipping volume, and the number of loaded outbound export containers in March surged to a new, all-time record high of 192,849 TEUs (20-foot-long cargo containers), far surpassing the previous record of 175,262 TEUs set back in August of 2008 (see chart above).  Total shipping volume at the Port of Los Angeles in March was 600,796 TEUs, which was the highest shipping activity for the month of March in four years, since the 629,000 TEUs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 14 Apr 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 83.34, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 82.96, Thursday&rsquo;s low, and resistance at 85.14, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.14% to hit 1.4467 and GBP/USD falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours

Posted: 14 Apr 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9621, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 0.9543, Monday&rsquo;s low, and resistance at 0.9669, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.11% to hit 1.4472 and GBP/USD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

California (-1.15m Jobs) Goes On A Trade Mission To Beg Texas (+165k Jobs) For Its Jobs Growth Recipe

Posted: 14 Apr 2011 07:54 PM PDT

Bloomberg — “When California Lieutenant Governor Gavin Newsom begins meetings in Austin with Hardee's hamburgers chief Andrew Puzder, local Chamber of Commerce Chairman Bobby Jenkins and Texas Governor Rick Perry, it's because the most- populous state lingers in a funk, even as the U.S. pulls out of the deepest recession in half a century.

The world's eighth-largest economy has lagged in job growth since California-based lenders such as Countrywide Financial Corp. led America into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade

Posted: 14 Apr 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0540, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.0391, Tuesday&rsquo;s low, and resistance at 1.0581, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.03% to hit 1.3747 and AUD/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Debunking The Mercantilist Trade Doctrine

Posted: 14 Apr 2011 07:21 PM PDT

The general public, politicians, the media, and even some economists have bought into a false mercantilist doctrine that: a) exports are good for the economy and b) imports are bad for the economy, which therefore implies that: c) trade deficits are bad for the economy and d) trade surpluses are good for the economy.  In a recent paper from the Cato Institute titled “The Trade-Balance Creed: Debunking the Belief that Imports and Trade Deficits Are a ‘Drag on Growth,’” Daniel Griswold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 14 Apr 2011 07:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4489, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8861 and EUR/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude To $115?

Posted: 14 Apr 2011 06:58 PM PDT

Crude Oil futures has been extremely bullish the last two months, especially when resistance was taken out at $93 in February. Given recent weakness, this could be a great opportunity to buy ahead of a test at $115..
Major Support
The daily chart shows Crude Oil has been taking the staircase to higher price levels the last few months. What's interesting is the fact that the top of the value area – the value area high – has served as support the last two months, which is very … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade

Posted: 14 Apr 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Friday.<br/><br/> EUR/JPY was trading at 121.28, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 119.27, Thursday&rsquo;s low, and resistance at 123.28, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.01% to hit 1.4487 and EUR/GBP rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple At Discount

Posted: 14 Apr 2011 06:08 PM PDT

The recent announcement of the adjustment of Apple Inc's weighting in Nasdaq-100 from more than 20% to 12% has caused quite a fair bit of selling off on Apple's shares. Many index tracking funds were forced to  reduce their position in Apple. We believe selling pressure on Apple shares will last till 2 May when the rebalancing takes effect.
Fundamentally nothing has changed for Apple and we still believed it to be a good stock to long.
The recent price around $330 seems to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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