Wednesday, April 27, 2011

DailyMarkets.com - Forex – USD/CHF Erases Losses After Tumbling To Fresh Record Low

DailyMarkets.com - Forex – USD/CHF Erases Losses After Tumbling To Fresh Record Low


Forex – USD/CHF Erases Losses After Tumbling To Fresh Record Low

Posted: 27 Apr 2011 03:08 AM PDT

Forex Pros – The U.S. dollar erased losses against the Swiss franc on Wednesday, easing off a record low but gains were limited ahead of the conclusion of a key Federal Reserve policy setting meeting later in the day.<br /><br />USD/CHF clawed back up from 0.8669, the pair&rsquo;s all-time low, to hit 0.8758 during European late morning trade, easing up 0.08%.<br /><br />The pair was likely to find short-term support at 0.8669, the record low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Falls From 6-month High After U.K GDP Data

Posted: 27 Apr 2011 02:23 AM PDT

Forex Pros – The euro was down against the pound on Wednesday, retreating from a six-month high after a U.K. government report showed that Britain&rsquo;s economy grew in line with expectations in the first quarter.<br /><br />EUR/GBP retreated from 0.8924, the pair&rsquo;s highest since October 25, to hit 0.8857 during European morning trade, shedding 0.30%.<br /><br />The pair was likely to find support at 0.8799, the low of April 25 and resistance at 0.8924, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Technical Analysis April 27, 2011

Posted: 27 Apr 2011 02:20 AM PDT

By ForexMansion.com

The EUR/CHF continues to sit still, and is being rather difficult to trade recently. However, the overall bias still looks negative, and selling is preferred. Until we get a strong candle in one direction or another however – there is no trade.

Originally posted here
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Euro Zone Industrial New Orders Rise Less-than-expected

Posted: 27 Apr 2011 02:10 AM PDT

Forex Pros – Industrial new orders in the euro zone rose less-than-expected in February, official data showed on Wednesday.<br /><br />In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.9% in February, after rising by 1.2% in January, whose figure was upwardly revised from 0.1%.<br /><br />Analysts had expected industrial new orders to rise by 1.6% in February.<br /><br />The report showed that the annualized rate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Mixed With Earnings In Focus; DAX Up 0.5%

Posted: 27 Apr 2011 02:05 AM PDT

Forex Pros – European stock markets were mixed on Wednesday, as traders digested earnings from some of Europe’s largest companies, while U.S. futures indexes pointed to a higher open on Wall Street ahead of the outcome of a critical Federal Reserve policy meeting later in the day. <br /><br />During European morning trade, the EURO STOXX 50 climbed 0.45%, France&rsquo;s CAC 40 advanced 0.4%, while Germany’s DAX 30 gained 0.5%.<br /><br />Shares in network-equipment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro-area Feb. Ind. New Orders Rise 0.9%; Worse Than Expected.

Posted: 27 Apr 2011 02:03 AM PDT

Forex Trading: Euro-area Industrial New Orders @ 5

Posted: 27 Apr 2011 01:51 AM PDT

U.K. Q1 Gross Domestic Product Rises In Line With Expectations

Posted: 27 Apr 2011 01:37 AM PDT

Forex Pros – The economy in the United Kingdom grew broadly in line with market expectations in the first quarter, preliminary official data showed on Wednesday.<br /><br />In a report, the Office for National Statistics said gross domestic product increased in line with expectations by a seasonally adjusted 0.5% in the first quarter, after contracting by -0.5% in the preceding quarter.<br /><br />The report showed that year-on-year, GDP grew in line with expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower Vs. Rivals As Fed Decision In Focus

Posted: 27 Apr 2011 01:12 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as investors awaited the outcome of a key Federal Reserve policy setting meeting later in the day.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.17% to hit 1.4668.<br /><br />But the greenback was higher against the pound, with GBP/USD slipping 0.20% to hit 1.6447.<br /><br />Elsewhere, the greenback was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Slides To Daily Low As U.K. GDP Data Eyed

Posted: 27 Apr 2011 12:57 AM PDT

Forex Pros – The pound slid to a daily low against the U.S. dollar on Wednesday and looked likely to face more selling pressure if weak data on U.K. gross domestic product further dampened expectations for near-term rate hikes by the Bank of England.<br /><br />GBP/USD hit 1.6444 during European morning trade, the daily low; the pair subsequently consolidated at 1.6455, slipping 0.14%.<br /><br />Cable was likely to find support at 1.6306, the low of April 20 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:40 AM PDT

By ForexMansion.com

The EUR/GBP has finally broken in a direction. Although we haven't broken higher than the recent highs, this bar certainly shows the underlying desire of the marketplace. Now it is simply a matter of waiting for the breakout. A pullback could be bought – and so could a print of the 0.89 handle as well.

Originally posted here
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Forex – USD/JPY Up After S&P Cuts Japan’s Rating Outlook

Posted: 27 Apr 2011 12:40 AM PDT

Forex Pros – The U.S. dollar was up against the yen on Wednesday, rebounding from a one-month low after ratings agency Standard &amp; Poor’s cut its outlook for Japan’s sovereign debt rating to negative from stable.<br /><br />USD/JPY hit 81.90 during early European trade, the daily high; the pair subsequently consolidated at 81.74, gaining 0.22%.<br /><br />The pair was likely to find support at 80.86, the low of March 25 and resistance at 82.42, the high of April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/JPY Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:28 AM PDT

By ForexMansion.com

The GBP/JPY is currently flirting with the bottom of the 134-135.50 area that was so important recently. This shows that the bears might be trying to push harder as we fall. The truth is that there are several central banks out there willing to sell yen, and this kind of move could snap back in your face if you attempt it. Because of this, we are looking for buying signals in the form of proven support. Look to see what this market does in this area, and look to buy if … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:28 AM PDT

By ForexMansion.com

The USD/CHF market fell today, breaking to all-time lows as it broke below the 0.88 mark, an area that was once almost impenetrable – at least last week. The pair looks weak, and selling is the only direction to go. Buying is too risky, as this bear market continues to roar. Look to sell this pair any time it rises, as it shows over and over again that it simply is a "sell only" pair.

Originally posted here
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Forex – NZD/USD Trims Gains After Strong Australian CPI Data

Posted: 27 Apr 2011 12:18 AM PDT

Forex Pros – The New Zealand dollar trimmed gains against its U.S. counterpart on Wednesday, easing off a three-year high, after better-than-expected data on Australian inflation saw investors favor the Australian dollar.<br /><br />NZD/USD retreated from 0.8107, the pair&rsquo;s highest since March 19, 2008, to hit 0.8069 during late Asian trade, still up 0.30% on the day.<br /><br />The pair was likely to find support at 0.7975, Tuesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:11 AM PDT

By ForexMansion.com

The USD/JPY is currently testing the 80-81.50 area, which has been support several times over the last year or so. This pair was directly intervened by 6 central banks recently, so selling is very risky. If we get supportive action above the 80.50 area, this pair could be a longer-term buy. A break below that area will certainly get the attention of the CB's.

Originally posted here
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EUR/USD Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:11 AM PDT

By ForexMansion.com

The EUR/USD Rose today, firmly suggesting that the 1.45 area is going to be supportive. Because of this, buying is still the only way to go in this pair as we are making new highs again. Selling would simply find too much support on the way down, and is high discouraged.

Originally posted here
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AUD/NZD Technical Analysis April 27, 2011

Posted: 27 Apr 2011 12:00 AM PDT

By ForexMansion.com

The AUD/NZD pair fell, and is looking like it wants to come back down and retest the 1.32 level. This isn't so much a statement about the Aussie, as it is simply the massive strength shown by the Kiwi dollar. The pair looks rip for a 150 pip fall or so. Selling is possible, but remember that the first significant support level could be the place to take profits as the trend is still up.

Originally posted here
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Forex – Australian Dollar Scales Fresh Record High After CPI Data

Posted: 26 Apr 2011 11:58 PM PDT

Forex Pros – The Australian dollar advanced to a new record high against its broadly weaker U.S. counterpart on Wednesday, after government data showed that consumer price inflation increased by the most in five years, fanning hopes for fresh interest rate hikes.<br /><br />AUD/USD hit 1.0852 during late Asian trade, the pair&rsquo;s highest since it was floated in December 1983; the pair subsequently consolidated at 1.0821, gaining 0.35%.<br /><br />The pair was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis April 27, 2011

Posted: 26 Apr 2011 11:55 PM PDT

By CommoditiesMansion.com

Natural gas had a somewhat flat day today, but it should be noted that the resulting candle is a bit of a hammer, which shows the current levels as possible support for another move forward. The market looks like it really wants to test the $4.50 mark, and a daily close above it would signal new buying. A breakdown would have us falling to $4 rather quickly, where there should be a lot of support.

Originally posted here
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Oil Technical Analysis April 27, 2011

Posted: 26 Apr 2011 11:55 PM PDT

By CommoditiesMansion.com

Light Sweet Crude
The CL had another very quiet day today, as the traders seem willing to take a break at the moment. The $112.50 area is presently acting as a magnet for price, and the market looks slightly vulnerable to a pullback. However, the uptrend is still in effect, and this market shouldn't be shorted. Buying on the pullback is the way to go.

Brent
Brent has had a very similar day today, hovering in the $125 area, but not gaining any real traction in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis April 27, 2011

Posted: 26 Apr 2011 11:54 PM PDT

By CommoditiesMansion.com

The gold markets fell today, but have found buyers in the latter part of US trading. The $1,500 level has held intact, and looks fairly supportive. However, it must be said that this level looks like the market may have gotten a little ahead of itself and could be overextended. Selling gold only brings financial pain, as it only goes up in the long run. Buying on the pullbacks, especially to $1,475 or so is recommended.

Originally posted here
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Asia Stocks Advance On Earnings, Canon; Nikkei Jumps 1.4%

Posted: 26 Apr 2011 11:51 PM PDT

Forex Pros – Asian stock markets advanced on Wednesday, as market sentiment was boosted by robust corporate earnings from U.S. companies, including Ford and UPS, while shares in Canon surged in Tokyo after reporting first quarter results.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index edged 0.1% higher, South Korea’s Kospi Composite added 0.05%, while Japan&rsquo;s Nikkei 225 Index jumped 1.39%.&nbsp;&nbsp; <br /><br />The world&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USD Making Gains After Receding Earlier

Posted: 26 Apr 2011 11:33 PM PDT

We are currently seeing some strength in the USD against all of the major pairs after losing strength earlier as investors reduced their USD exposure as the market awaits the U.S. federal funds rate decision/FOMC statement in roughly ten hours from now. The central bank will conclude its meeting today with a press conference with Ben Bernanke; the market will be hunting for clues in regards to whether the Fed will continue its accommodative monetary policy. Forecasts anticipate that rates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Edges Higher Ahead Of Fed FOMC Decision

Posted: 26 Apr 2011 11:31 PM PDT

Forex Pros – The euro edged higher against the broadly weaker U.S. dollar on Wednesday, rising to a fresh 16-month high, amid uncertainty over the outcome of a critical Federal Reserve policy meeting later in the day.<br /><br />EUR/USD hit 1.4713 during late Asian 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian CPI Rises More-than-expected In Q1

Posted: 26 Apr 2011 11:22 PM PDT

Forex Pros – Australian consumer price inflation rose more-than-expected in the first quarter, official data showed on Wednesday.<br /><br />In a report, the Australian Bureau of Statistics said consumer price inflation rose 1.6% in the first quarter, after advancing 0.4% in the preceding quarter.<br /><br />Analysts had expected consumer price inflation to rise by 1.2% in the first quarter. <br /><br />Year-on-year, consumer price inflation rose at an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Wynn Resorts Ltd.

Posted: 26 Apr 2011 11:06 PM PDT

Wynn Resorts Ltd. (NASDAQ:WYNN) just jumped to a new multi-year high after reporting excellent Q1 results that included an awesome 89% earnings surprise. With estimates surging on the news and a bullish growth projection, this Zacks #1 rank stock is hitting on all cylinders right now.
Company Description
Wynn Resorts Ltd., with its subsidiaries, develops, owns and operates casino resorts in Las Vegas and China. The company was founded in 2002 and has a market cap of $18 billion.
WYNN has been a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Joy Global, Inc. (JOYG)

Posted: 26 Apr 2011 11:06 PM PDT

We are encouraged by the long-term fundamentals of the mining industry, which provides Joy Global (NASDAQ:JOYG) with substantial growth potential as conditions improve in the U.S., China and India. The company’s first quarter earnings were almost in line with estimates on a significant pick-up in the company’s orders.
Additionally, management’s impressive cost-restructuring initiatives, together with expectations of increased spending plans on part of the mining industry, should help the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: BioMarin Pharmaceutical (BMRN)

Posted: 26 Apr 2011 11:06 PM PDT

We are downgrading BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to Underperform from Neutral following the below-par showing of the company in the final quarter of 2010. Earnings were hurt by lower-than-expected revenues. We were disappointed with the continued weak performance of Aldurazyme and the slow Firdapse ramp.
Moreover, we expect cash burn to increase since the company is investing heavily in its pipeline. Any negative news regarding the pipeline would have an adverse impact on the stock.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: EZCORP, Inc

Posted: 26 Apr 2011 11:06 PM PDT

EZCORP Inc. (NASDAQ:EZPW) is not just a great growth story, shares have value and momentum characteristics as well.
This Zacks #1 Rank (Strong Buy) is coming off of a great earnings surprise and estimates are on the rise. The company and analysts are all looking for a very strong year.
Company Description
EZCORP operates more than 1,000 stores in North America, about half are pawn stores and the other half are short-term consumer loan stores. They also have investments in a couple international … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: A. Schulman, Inc.

Posted: 26 Apr 2011 11:06 PM PDT

A. Schulman, Inc. (NASDAQ:SHLM) recently delivered strong second quarter results, including an 18% earnings beat. Analysts revised their estimates higher off the strong quarter, sending SHLM to a Zacks #2 Rank (Buy).
Based on current consensus estimates, the company is expected to grow its EPS by 11% in 2011 and 19% in 2012. Despite this solid growth, shares are trading at less than 13x forward earnings.
It also pays a dividend that yields a solid 2.5%.
A. Schulman manufactures high-performance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 11:02 PM PDT

By ForexMansion.com
 
The USD/CAD pair declined on Tuesday, where strong earnings U.S. companies in addition to rising consumer confidence boosted confidence in financial markets, and accordingly, investors targeted higher yielding assets including the Canadian dollar, while oil prices also rose as the U.S. dollar weakened, which pushed the USD/CAD pair to the downside.
As we expected before, we still hold our bearish outlook for the pair, since it seems that the U.S. dollar is poised to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil And Gold To Decline If FOMC Validates Hawkish Policy Turn Bets

Posted: 26 Apr 2011 11:02 PM PDT

Commodities – Energy
Crude Oil Tracking Risk Trends into FOMC Announcement
WTI Crude Oil (NY Close): $112.21 // -0.07 // -0.06%
Prices continue to tread water below resistance at $113.44, the April 11 high, a barrier reinforced by support-turned-resistance at a rising trend line set from the lows in mid-February. A pullback from here sees initial support at $109.37, the 23.6% Fibonacci retracement of the 3/16-4/11 advance.
The WTI contract inched lower for a second day on Tuesday after crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 26 Apr 2011 10:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4685, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4713, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8900 and EUR/JPY rising 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 10:51 PM PDT

By ForexMansion.com
The Swiss economy lacks fundamentals today, which means that the pair’s movement will be affected by US data. As of 12:30 GMT, the US will release durable goods orders for March with expectations showing improvement to 1.5% from the prior 0.9% drop, while the reading excluding transportation is predicted to record 2.2% from the prior 0.6% drop. However, the main highlight of the day is going to be on the Fed’s meeting due at 16:30 GMT which is expected to witness no change … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 10:51 PM PDT

By ForexMansion.com
 
Today, the pair is expected to witness some strong movements at the time of the announcement of the British GDP data first and may be after the FOMC meeting if it signaled any surprising change in monetary policy or any bold announcement by Bernanke in his speech following the rate decision.  
First, the UK will release GDP data at 08:30 GMT, where economists predict to see 0.6% expansion in the first quarter from the 0.5% contraction in the last three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 10:47 PM PDT

By ForexMansion.com
 
With the return on investors from a long Easter Holiday in Europe the EUR/USD started to price the outlook for the FOMC meeting the rate differentials between the European Central Bank and the Federal Reserve.
Investors are focused on the FOMC and the growth figures on queue which is influencing the market moves. The market on Tuesday started to take the effect with the lack of major data, especially from Europe as speculation on the Feds move and Trichet's hawkish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 10:44 PM PDT

By CommoditiesMansion.com
 
Natural gas prices declined on Tuesday for a second day on expectations of mild weather conditions in the South, which led to expectations of lower demand for power-plant fuel.
Natural gas prices will probably extend their fall tomorrow due to the milder weather conditions in the South, and ahead of the EIA inventory report on Thursday, which is expected to show that natural gas stockpiles rose last week.
Originally posted here
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Crude Oil Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 10:43 PM PDT

By CommoditiesMansion.com
 
Crude oil prices rose back above $112 on Tuesday as a result of a weakening U.S. dollar, where crude oil prices were under pressure earlier after Saudi Arabia signaled its concerns over the effects of rising oil prices on the global recovery, yet strong earnings and rising consumer confidence in the United States boosted confidence, and accordingly, crude oil prices rose back.
We maintain our bullish outlook for crude oil prices, although we still expect … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 10:43 PM PDT

By CommoditiesMansion.com
 
Gold slumped on Tuesday with the normalizing trading volume in markets as investors return from the long Easter weekend. The main driver for the market movement is still the Federal Reserve and the outlook for monetary policy and investors were jittery ahead of the decision. 
 
The high uncertainty in the market over the coming move by the feds triggered profit taking on the metal after it rallied to a new record on Monday with the start of the week. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex News – Strong Earnings And Rising Consumer Confidence In The United States Boost Risk Appetite.

Posted: 26 Apr 2011 10:38 PM PDT

By ForexMansion.com
 
Optimism seems to have returned back to markets on Tuesday, where U.S. companies continued to announce strong financial results for the first quarter of 2011, while consumer confidence in the United States continued to rise in April, thus boosting investors' risk appetite, and accordingly, investors targeted higher yielding assets.
A number of U.S. companies including 3M Co and Ford Motor Co announced today earnings that topped median estimates, where most U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 26 Apr 2011 10:25 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6508, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.6432, Tuesday&rsquo;s low, and resistance at 1.6569, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8898 and GBP/JPY rising 0.21% 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: 26 Apr 2011 09:55 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.2804, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.2752, Tuesday&rsquo;s low, and resistance at 1.2927, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.32% to hit 1.4691 and EUR/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 26 Apr 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8719, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 0.8672, Tuesday&rsquo;s low, and resistance at 0.8879, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.29% to hit 1.4686 and USD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


How To Play Rising Gasoline Prices

Posted: 26 Apr 2011 09:18 PM PDT

as published at  http://www.stockpickr.com/how-play-rising-gasoline-prices.html
NEW YORK (SmartStops) — President Obama made some commentsover the weekend that there is no "silver bullet" to help bring down gas prices. While this isn't what most Americans want to hear, investors and traders can profit from rising gasoline prices to help hedge their daily expenses.
If you believe that Obama is right, here are a few ways to profit from rising gas prices, either by playing certain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 26 Apr 2011 09:00 PM PDT

Forex Pros – The Euro was higher against the British Pound on Wednesday.<br/><br/> EUR/GBP was trading at 0.8898, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.8800, Friday&rsquo;s low, and resistance at 0.8915, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.27% to hit 1.4684 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


A Floor Trader’s Take On Silver

Posted: 26 Apr 2011 08:37 PM PDT

He says he likes $42 as a downside target, and makes a forecast of $100 by the end of the year. That's a pretty gutsy call considering it's another 100% gain coming off of what silver has already done in the past … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 26 Apr 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 81.56, down 0.001% at time of writing.<br/><br/> The pair was likely to find support at 81.27, Tuesday&rsquo;s low, and resistance at 82.42, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.24% to hit 1.4679 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 26 Apr 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9504, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.9494, today&rsquo;s low, and resistance at 0.9562, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.22% to hit 1.4676 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian 1Q Inflation Jumps, Powers AUDUSD To Record Highs

Posted: 26 Apr 2011 08:06 PM PDT

Consumer Price Index for Australia during the first quarter rose faster than expected today, starting a day with many important data releases, including UK GDP, the US FOMC Rate Decision and RBNZ Rate Decision. Higher than surveyed CPI drove the AUDUSD to new record, passing the 1.0850 mark for the first time.

Event

Actual

Expected

Prior

Consumer Prices Index (QoQ) (1Q)

1.6%

1.2%

0.4%

Consumer Prices Index (YoY) (1Q)

3.3%

3.0%

2.7%

CPI RBA Trimmed Mean (YoY) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Analyst: Silver Uptrend Still Intact

Posted: 26 Apr 2011 07:42 PM PDT

Interesting points in this clip include the fact that silver and gold have outperformed equities for years which most investors don't … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 26 Apr 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0824, up 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.0677, Tuesday&rsquo;s low, and resistance at 1.0852, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.21% to hit 1.3554 and AUD/JPY rising 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 26 Apr 2011 07:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4678, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4713, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8898 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bridge For Sale — Cheap!

Posted: 26 Apr 2011 06:35 PM PDT

Economist Karl Case:
‘In a sense, We’ve already had a double-dip [in housing].’
‘We’ve always been able to count on new households coming into the market; they’re not coming.’
‘There’s going to be a lot of dislocation when Fannie and Freddie evolve into something new.’
‘Housing starts are at sixty-year lows, and they’ve been there for 33 months.’
If you (still) believe that residential property prices are poised to recover — or even that they are near a bottom – after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 26 Apr 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday.<br/><br/> EUR/JPY was trading at 119.76, up 0.27% at time of writing.<br/><br/> The pair was likely to find support at 118.50, Tuesday&rsquo;s low, and resistance at 120.03, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.44% to hit 1.4709 and EUR/GBP rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rob McEwen: “Gold Will Hit $5000 In 3 To 4 Years”

Posted: 26 Apr 2011 06:30 PM PDT

Rob McEwen discusses the fundamental case for gold.  He says gold went up 20 times from 40 to over 800 during the last gold bull market in 1966-1980, so if it goes up 20 times during this bull market from a start of $250 you get $5000 an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Are The Banco De Oro (BDO) Bulls Back?

Posted: 26 Apr 2011 05:59 PM PDT

Henry Sy-backed Banco De Oro Unibank, Inc. or BDO as it's commonly known made some significant headway over the past two months. And it appears that BDO still has some more left in its bank for a move higher.
The start of 2011 was not particularly well for BDO as its shares slid from around PHP 60.00 to a low of PHP 45.8 on February 23. From that point, it was able to pick itself up all the way back to PHP 54.00. After that, it consolidated for a while before it breached the PHP 54.00 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Silver – Top Or Not?

Posted: 26 Apr 2011 05:50 PM PDT

When gold hit the psychologically important $1,500 level it didn’t surprise us, but we admit that silver's recent performance gave us a small thrill. Before jumping into the chart analysis, let's have a look into the factors that contributed to metals' spectacular rally over the past couple of weeks.

For the first time in its history the U.S.’s perfect AAA credit rating was downgraded, and for the first time in history, gold hit the $1,500-an-ounce mark. Also, the news over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up During The Asian Session

Posted: 26 Apr 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.<br/><br/> GBP/JPY was trading at 134.62, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 134.09, Tuesday&rsquo;s low, and resistance at 135.95, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.19% to hit 1.6511 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Another Educational Milestone For Women: They Now Hold More Total Graduate Degrees Than Men

Posted: 26 Apr 2011 05:43 PM PDT

The Census Bureau released its annual report today on educational attainment in the United States for 2010 (here’s the press release, here are the tables). In another educational milestone for women, they now hold more advanced degrees (Master’s, Professional [medical, law and dental] and Doctoral) than men for the first time in history (see chart above).  

A decade ago, 55.4% of all advanced degrees were held by men and 45.6% by women, meaning that there were 124 men with advanced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up On Economic Data

Posted: 26 Apr 2011 05:25 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday after the release of Japanese data on Retail Sales.<br/><br/> EUR/JPY was trading at 119.78, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 118.50, Tuesday&rsquo;s low, and resistance at 120.03, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japanese retail sales fell more-than-expected to a seasonally adjusted annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market Summary For Tuesday, April 26, 2011

Posted: 26 Apr 2011 02:51 PM PDT

Stocks rose today with gains in the major indexes (DJIA, S&P 500, and Nasdaq Composite) ranging between 0.8% and 0.9%. The indexes finished in the upper end of their intra-day trading range. Investor participation finished above average and market breadth was strong on the positive side. In addition, the S&P 500 finished at its highest close since June 2008. As a result, we are raising the support/resistance levels on the S&P 500 and Nasdaq Composite (see below). For the DJIA we are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Silver At The Hillary Step Of A Massive Peak

Posted: 26 Apr 2011 06:54 AM PDT

No matter the measuring stick you use silver prices are extended beyond belief, prices are at the ‘Hillary Step’ of price trend analysis. We like to use our own RTT TrendStatus. 

Ben Bernanke has the starter pistol, if we are off to the races. Have you placed your bets, take positions, set..

Markets are poised, while they wait for the man who controls the happy juice. Will we be in happy land, or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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