Thursday, April 7, 2011

DailyMarkets.com - Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. Economy

DailyMarkets.com - Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. Economy

Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. Economy

Posted: 07 Apr 2011 03:41 AM PDT

The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price of oil is also continuing to relentlessly march upwards. At last check U.S. oil was at about $108 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Industrial Production Rises More-than-expected

Posted: 07 Apr 2011 03:05 AM PDT

Forex Pros – Industrial production in Germany rose more-than-expected in February, official data showed on Thursday.<br /><br />In a report, Destatis, Germany&rsquo;s federal statistical office said industrial production rose by a seasonally adjusted 1.6% in February, after jumping by 2% in January, whose figure was upwardly revised from a 1.6% gain.&nbsp; <br /><br />Analysts had expected industrial production to rise by 0.5% in February.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Slips Vs. Pound Ahead Of Dual Interest Rate Decisions

Posted: 07 Apr 2011 02:45 AM PDT

Forex Pros – The euro slipped against the pound on Thursday, easing down to a daily low ahead of interest rate decisions from both the Bank of England and the European Central Bank later in the day.<br /><br />EUR/GBP hit 0.8743 during European morning trade, the daily low; the pair subsequently consolidated at 0.8746, shedding 0.31%.<br /><br />The pair was likely to find support at 0.8712, Tuesday&rsquo;s low and resistance at 0.8796, Wednesday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Rise Ahead Of ECB Rate Decision; DAX Up 0.1%

Posted: 07 Apr 2011 02:21 AM PDT

Forex Pros – European stock markets advanced on Thursday, led higher by financials after Portugal announced it would seek a bailout and ahead of an expected euro zone interest rate hike, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 climbed 0.25%, France&rsquo;s CAC 40 gained 0.2%, while Germany’s DAX 30 edged 0.1% higher.<br /><br />Portugal became the third euro zone member to seek … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Outlook For April 08, 2011

Posted: 07 Apr 2011 02:14 AM PDT

By ForexMansion.com
 
The pair rebounded up again after it witnessed bearish movements throughout the week, following the Australian dollar's climb to its highest level in record against the U.S. dollar and yen; prompting the pair to rise. On the other hand, the absence of important economic data for New Zealand's economy drove the pair to move according to the Australian dollar.
The Reserve Bank of Australia kept interest rates steady at 4.75% due to concerns regarding the negative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Outlook For April 08, 2011

Posted: 07 Apr 2011 02:14 AM PDT

By ForexMansion.com
 
The New Zealand dollar dropped versus its major counterpart the US dollar, after New Zealand's currency declined due to the government stating that the economy will be financially supporting AMI Insurance Ltd. following the Christchurch earthquakes.
On the other hand, the New Zealand dollar reached its highest level in eight weeks against the US dollar at 0.7805 on Thursday, while investors returned to trade in markets; pushing traders to purchase high yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed As Euro Slips On Profit Taking Ahead Of ECB

Posted: 07 Apr 2011 01:53 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, while the euro slipped amid profit taking ahead of the European Central Banks expected rate increase later in the day.<br /><br />During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.27% to hit 1.4292.<br /><br />The ECB looked almost certain to hike interest rates later Thursday, lifting its key lending rate to 1.25% from a record low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Losses As BoE Policy Meeting Eyed

Posted: 07 Apr 2011 01:43 AM PDT

Forex Pros – The pound erased losses against the U.S. dollar on Thursday, as the Bank of England looked almost certain to leave interest rates at a record low later in the day, due to uncertainty about the strength of Britain’s fragile recovery.<br /><br />GBP/USD retreated from 1.6264, the daily low to hit 1.6336 during European morning trade, easing up 0.02%.<br /><br />Cable was likely to find support at 1.6090, Tuesday&rsquo;s low and resistance at 1.6363, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Qatar Central Bank Cuts Rate 50bps To 1.00%

Posted: 07 Apr 2011 01:31 AM PDT

The Qatar Central Bank reduced its main overnight deposit rate by 50 basis points to 1.00% in order to boost the non-oil sector and regulate capital flows. The Bank also reduced the overnight lending facility and repo rate by 50 basis points to 5.0% from 5.50% and 5.55% respectively. The Qatari economy is expected to grow at a rate in excess of 15% this year due to increased gas output, high oil prices, and a 19% increase in government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Holds Rate At 0.10%, Announces Loan Program

Posted: 07 Apr 2011 01:23 AM PDT

The Bank of Japan held its monetary policy rate at 0.10% and announced a 1 trillion yen loan package targeted towards financial institutions affected by the earthquake. The loan program is the second action that the bank has taken to help boost the rebuilding effort following the devastating earthquake and nuclear disaster. The Bank of Japan previously announced a 5 trillion yen expansion of its asset purchase program. The earthquake will continue to have a short-medium term impact on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Outlook For April 08, 2011

Posted: 07 Apr 2011 01:22 AM PDT

By ForexMansion.com
 
The Australian dollar has broken all expectations, gaining to the record its highest level against its U.S. counterpart since it began trading in 1983, while traders performed carry trades techniques, by which the yen is sold in favor of currencies that hold higher interest rates or other higher-yielding assets.
The Aussie has continued its gains against its US counterpart, recording a new record high at 1.0436.
As for the unemployment rate drop noted on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Outlook For April 08, 2011

Posted: 07 Apr 2011 01:20 AM PDT

By ForexMansion.com
 
The USD/JPY Pair recorded its highest level in six months at 85.51, due to expectations that the Federal Reserve Bank will raise interest rates. In addition, investors are highly expected to return to carry trades and sell low yielding currencies like the yen to invest in higher yielding currencies; prompted the yen to drop against the dollar and other major currencies.
On the other hand, BoJ kept interest rates steady between 0.0% and 0.10% along with maintaining its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/CHF Breaks/Closes Below Trendline

Posted: 07 Apr 2011 12:56 AM PDT

The pair moved through and closed below the previously stated trendline and then re-tested 1.30903. It is currently making a slight rebound. Next stop 1.31221? The next piece of data out of the Euro-zone is German industrial productin (m/m) in just over 2 hours from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Off 6-month High After BoJ Policy Decision

Posted: 07 Apr 2011 12:33 AM PDT

Forex Pros – The U.S. dollar eased off a six-month high against the yen on Thursday, after the Bank of Japan kept its interest rate unchanged but&nbsp; established a special lending facility for financial institutions in areas hit by the March 11 earthquake and tsunami.<br /><br />USD/JPY retreated from 85.49, the pair&rsquo;s highest since September 21, to hit 85.22 during early European trade, slipping 0.32%.<br /><br />The pair was likely to find short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Retreats From 2-month High As Aussie Rallies

Posted: 07 Apr 2011 12:16 AM PDT

Forex Pros – The New Zealand dollar slipped from a two-month high against its U.S. counterpart on Thursday, as the Australian dollar rallied after strong employment data built the case for a policy tightening.<br /><br />NZD/USD hit 0.7746 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7748, shedding 0.49%.<br /><br />The pair was likely to find support at 0.7668, Wednesday&rsquo;s low and resistance at 0.7806, Wednesday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Rallies To Fresh Record After Robust Jobs Report

Posted: 06 Apr 2011 11:55 PM PDT

Forex Pros – The Australian dollar rallied to a fresh record high against its U.S. counterpart on Thursday, after upbeat domestic jobs data rekindled expectations for a rate increase by the Reserve Bank of Australia.<br /><br />AUD/USD hit 1.0481 during late Asian trade, the pair&rsquo;s all-time high; the pair subsequently consolidated at 1.0462, gaining 0.22%.<br /><br />The pair was likely to find support at 1.0312, Wednesday&rsquo;s low and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Mixed After BoJ Announcement; Nikkei Adds 0.07%

Posted: 06 Apr 2011 11:51 PM PDT

Forex Pros – Asian stock markets were mixed on Thursday, as market sentiment was weighed after Portugal announced it would require a bailout, while shares in Japanese lenders advanced after the Bank of Japan established a special lending facility.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index edged 0.07% lower, South Korea’s Kospi Composite fell 0.21%, while Japan&rsquo;s Nikkei 225 Index added 0.07% <br /><br />Earlier in the day, the BoJ kept … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Off 14-month High Ahead Of ECB

Posted: 06 Apr 2011 11:35 PM PDT

Forex Pros – The euro slipped from a 14-month high against the U.S. dollar on Thursday, as concerns over the euro zone&rsquo;s sovereign debt crisis overshadowed expectations for a rate increase by the European Central Bank later in the day.<br /><br />EUR/USD hit 1.4296 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4297, shedding 0.23%.<br /><br />The pair was likely to find support at 1.4207, Wednesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Leaves Interest Rate Unchanged

Posted: 06 Apr 2011 11:27 PM PDT

Forex Pros – The Bank of Japan kept its benchmark interest rate unchanged, it announced on Thursday.<br /><br />In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, broadly in line with expectations. <br /><br />A statement on monetary policy released after the announcement showed that the Bank of Japan&rsquo;s nine-man policy board voted unanimously to maintain the interest rate at its current … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/CHF Still Holding Trendline Support

Posted: 06 Apr 2011 11:24 PM PDT

We've been referring to this trendline, which began on March 23rd, multiple times and it appears that it is still showing the pair bullish support despite all of the negativity and uncertainty out of Portugal. As you can see below the line has been tested multiple times this week with one close, on the 6th, just below it; but downward momentum did not ensue. Currently there is additional support added by the 100 hour moving average which comes in at 1.3128; exactly where we find the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Employment Change Rises More-than-expected

Posted: 06 Apr 2011 11:21 PM PDT

Forex Pros – Australian employment change rose more-than-expected in March, official data showed on Thursday.<br /><br />In a report, Australian Bureau of Statistics said that Australian employment change rose to a seasonally adjusted 37.8K, after falling by -8.6K in February, whose figure was revised from a decline of -10.1K.<br /><br />Analysts had expected Australian employment change to rise by 23.1K in March. <br /><br />The report also showed that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:14 PM PDT

By ForexMansion.com

 
The EUR/USD pair has busted through the 1.4250 level with a vengeance today, confirming a hammer formed yesterday. This is a break of the largest trend line that the pair has seen in a long time. The ECB has a rate increase coming tomorrow, and traders will be watching for any signs of further hikes in the statement. Shorting this pair can't be done until we break below 1.40, which is a ways below here.

Originally posted here
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USD/CHF Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:14 PM PDT

By ForexMansion.com

 
The USD/CHF pair fell today to test the 0.91 area, but bounced back up to reenter the recent consolidation area. The pair looks like it wants to think about making a move, yet doesn't have the conviction to at the moment. The pair is sideways and neutral more than likely in the near future.

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/CAD Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:08 PM PDT

By ForexMansion.com

 
The USD/CAD pair has broke below the 0.96 level finally, but bounced towards the end of the day showing signs of support. The pair still looks bearish, and should continue to be so as long as energy, and more specifically oil – continues to rise in value. The bulls are all but gone, and a strong reversal above the 0.97 mark would have to be seen to even consider buying this pair. Selling on the rallies is the preferred strategy at the moment.

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

AUD/USD Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:07 PM PDT

By ForexMansion.com

 
The AUD/USD pair formed a very bullish candle today, confirming the hammer that was formed yesterday. It now appears that the 1.03 area is going to be a form of support for the near-term as the pair rocketed up from there. A short can't really be considered until we get at least below 1.02, and probably below 0.97 as the momentum is simply too strong to the upside. Buy on the dips.

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

EUR/GBP Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:06 PM PDT

By ForexMansion.com

 
EUR/GBP reversed yesterday's move, bouncing hard today. The pair retested the 0.88 level, and should prove this area's importance again. The pair failed to break above it, and may find it as resistive in the near future. Traders should pay close attention to this level as it should give future direction hints in this pair. Until we make a strong move in one direction or another form the 0.88 level – sit tight.

Originally posted here
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USD/JPY Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:06 PM PDT

By ForexMansion.com

 
The USD/JPY pair continues to march forward at this point, showing that the overall trend is changing back to a positive tone for this pair. A short isn't even to be thought of at this point, and couldn't be done until we break below 84.50 – and even then central banks are looking to push it back up. Any pullback should bring more buyers.

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

Growth & Income Stock: Schweitzer-Mauduit International, Inc.

Posted: 06 Apr 2011 11:05 PM PDT

Schweitzer-Mauduit International, Inc. (NYSE:SWM) is expected to grow earnings per share by 20% in 2011 and 25% in 2012. Despite this, shares trade at just 10.1x the 2011 consensus estimate.
The company also pays a dividend that yields 1.1%. It is a Zacks #2 Rank (Buy) stock.
Company Description
SWM produces premium specialty papers for the tobacco industry, as well as specialty papers for other applications. Tobacco industry products account for approximately 93% of total sales.
It is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: LMI Aerospace

Posted: 06 Apr 2011 11:05 PM PDT

LMI Aerospace, Inc. (NASDAQ:LMIA) may have a spotty earnings history, but estimates and guidance continue to improve.
This Zacks #1 Rank (Strong Buy) carries some risk, but it just might take off.
Company Description
LMI Aerospace provides design engineering, structural assemblies, kits and components for the aerospace, defense and technology markets.
Guiding Higher
On Mar 11 LMI Aerospace reported fourth-quarter results that fell short of expectation, but they provided bullish guidance into 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Green Mountain Coffee Roasters, Inc.

Posted: 06 Apr 2011 11:05 PM PDT

Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) is a momentum high flyer, recently spiking to a new all-time high on news of a fresh deal with Starbucks. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock will perk up your momentum portfolio.
Company Description
Green Mountain Coffee Roasters, Inc. operates as a specialty coffee company in the US and internationally. The company was founded in 1981 and has a market cap of $9.75 million.
Starbucks Deal Sends … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Agilent Technologies (A)

Posted: 06 Apr 2011 11:05 PM PDT

Agilent Technologies (NYSE:A) is a broad-based OEM of test and measurement equipment. The company’s January quarter earnings beat the Zacks Consensus Estimate, helped by revenue growth, operating margin expansion and a lower tax rate.
Agilent’s leadership position, history of innovation, stable gross margins and steadily improving operating margins, turnaround in the EM segment, acquisition strategy and position in China are the chief elements of our positive thesis. In contrast, the stabilization … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: AmSurg Corp. (AMSG)

Posted: 06 Apr 2011 11:05 PM PDT

AmSurg Corp’s (NASDAQ:AMSG) fourth quarter EPS of $0.43 surpassed the Zacks Consensus Estimate by a penny and $0.41 in the year-ago period. The company is witnessing several challenges in the near-term, which are reflected in the 2011 outlook.
Moreover, the prevailing economic uncertainty is impacting AmSurg by deferring elective procedures, which in turn mounts pressure on the same center revenues. Additional challenges include higher interest and tax expenses as well as the impact of reimbursement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 06 Apr 2011 11:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4312, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4349, 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 0.09% to hit 0.8783 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:04 PM PDT

By ForexMansion.com

 
The NZD/USD pair finished very strong today, testing the 0.78 handle, which was where we thought it would go. The pair looks very strong overall, but a pullback might show itself soon. The market simply may need a rest. Shorting would be possible, but buying on a massive dip is preferred. The pair will struggle to get over 0.78, but if it does – we are going to 0.80 before it is all said and done.

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

EUR/CHF Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:03 PM PDT

By ForexMansion.com

 
EUR/CHF had a very strange day today, forming a massive doji after breaking above the 1.32 level which was such massive resistance before. With the shape of the candle, traders will want to see a break of either the top or bottom of today's candle showing momentum follow through. The pair should probably be avoided until we get that move as it looks slightly confused at the moment.

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

AUD/NZD Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 11:02 PM PDT

By ForexMansion.com

 
The AUD/NZD pair fell again today, leaving no doubt that the 1.35 has given way as a support area. The pair hasn't changed trends by any means, as the pair looks like it is finding support at 1.34 in the form of a daily hammer. The 1.33 and 1.30 are areas that could be important as far as trying to find support if we fall. If that's the case – you will get your opportunity before too long.

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

Oil Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 10:56 PM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The light sweet crude contract continues to push northward, as we are currently forming a slightly bullish candle for the day near the $1.09 level. Because of this, it appears that we are forming a base in which to launch further forays into higher prices. Although it appears that the spaces building, it also seems that we will possibly move sideways and rest for a moment until we can attract more buyers in this commodity.
Any movement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 10:56 PM PDT

By CommoditiesMansion.com

 
Natural gas markets continue look very bearish at the close today, finishing down well below our $4.20 support area. Because of this, you have to wonder whether or not support is going to hold below. However, we do have a significant area at the $4.00-$4.10 area. Add to that the Fibonacci study that shows the $4.10 area as being a 61.8% retracement, and you have the possibility of finding support at this area. Of course, a break below the $4 handle would be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 10:53 PM PDT

By CommoditiesMansion.com

 
Gold continues its relentless march forward as the $1,450 level has been convincingly broken through. Today’s bar is forming a bullish hammer, which further signifies that this level could be considered a new floor as traders pile into the commodity. Based upon recent consolidation measurements, gold should reach the $1500 mark before our move is done. It now appears that it might get there quicker than most people anticipated. Selling the gold market right … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Outlook For April 07, 2011

Posted: 06 Apr 2011 10:53 PM PDT

By CommoditiesMansion.com
 
Crude oil prices extended their rally on Wednesday to reach the highest level since August 2008 at $109.21 a barrel, where the ongoing political unrest in Libya continued to support crude oil prices, while the weakening U.S. dollar also helped in maintaining the rally in oil prices.
The EIA report showed that crude oil inventories increased last week by 2.0 million barrels in line with median estimates and following the prior reported rise of 2.9 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 06 Apr 2011 10:50 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6298, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6363, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8778 and GBP/JPY falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Outlook For April 07, 2011

Posted: 06 Apr 2011 10:48 PM PDT

By CommoditiesMansion.com
 
Natural gas prices extended their drop for a fourth consecutive day, where warmer than normal weather conditions reduced demand for heating oil, and accordingly, pushing natural gas prices lower.
Traders will be waiting tomorrow for the EIA natural gas stockpiles, while warmer than normal weather conditions are still expected to weigh down on natural gas prices.
Thursday, 14:30. The EIA will release the weekly natural gas storage change for the week ending April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Outlook For April 07, 2011

Posted: 06 Apr 2011 10:47 PM PDT

By ForexMansion.com
 
The USD/CAD pair continued to decline for a second day on Wednesday, as higher oil prices pushed the USD/CAD pair to the downside, where crude oil prices rose to the highest level since August 2008 above $109 a barrel.
Moreover, the Ivey PMI was released from Canada for the month of March, where Ivey PMI rose to 73.2 from the prior estimate reported in February of 69.3 and well above median estimates of 65.0.
Thursday 12:30, the building permits index will be released … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – U.S. Dollar Weakens Against Majors To Lead Oil And Gold To New Records

Posted: 06 Apr 2011 10:44 PM PDT

By ForexMansion.com
 
Despite the lack of economic news from the United States, nevertheless, currencies and commodities continued to set new levels, where the U.S. Dollar fell against major currencies to allow oil and gold to set record highs, where oil continued to rise to hit the highest level since August 2008 above $109 a barrel, while gold set a new record high today above $1460 an ounce.
The EIA report for crude oil inventories came in  line with expectations, however, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 06 Apr 2011 10:20 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.3128, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.3054, Tuesday&rsquo;s low, and resistance at 1.3242, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.22% to hit 1.4300 and EUR/JPY falling 0.61% 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: 06 Apr 2011 09:50 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Thursday.<br/><br/> USD/CHF was trading at 0.9179, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.9132, Wednesday&rsquo;s low, and resistance at 0.9292, Wednesday&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 0.20% to hit 1.4303 and USD/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil, Gold And Silver To Fall If Risk Appetite Sours After ECB Rate Decision

Posted: 06 Apr 2011 09:49 PM PDT

Commodities – Energy
Crude Oil May Fall After ECB Rate Decision
WTI Crude Oil (NY Close): $108.83 // +0.49 // +0.45%
Prices are carving out a bearish Rising Wedge chart pattern below resistance at $109.46, the 123.6% Fibonacci extension of the 3/7-3/16 downswing. Negative RSI divergence bolsters the case for a downside scenario. A break through $106.58 is needed as confirmation, opening the door for material losses.
On the fundamental front, crude is firmly pinned to overall risk sentiment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The Asian Session

Posted: 06 Apr 2011 09:20 PM PDT

Forex Pros – The Euro was higher against the British Pound on Thursday.<br/><br/> EUR/GBP was trading at 0.8776, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8715, Tuesday&rsquo;s low, and resistance at 0.8840, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.16% to hit 1.4309 and EUR/JPY falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 06 Apr 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 85.31, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.13% to hit 1.4313 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 08:24 PM PDT

By ForexMansion.com

 
The GBP/USD pair had another bull day today, finishing near the 1.6350 area which has served as resistance lately. The daily candle looks somewhat like a doji, and shows that we may be running out of momentum at the highs of this range. A pullback is probable, and patience should be shown with this pair as it still remains a buying pair.

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

Forex – AUD/USD Up On Economic Data

Posted: 06 Apr 2011 08:15 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Employment Change.<br/><br/> AUD/USD was trading at 1.0466, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.0289, Tuesday&rsquo;s low, and resistance at 1.0481, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australian employment change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 08:10 PM PDT

By ForexMansion.com

 
GBP/JPY continues to skyrocket northward as the market can't get enough of this currency. It is because of this that it now looks parabolic, and simply cannot be bought at these lofty levels. In fact, some traders will find shorting it a viable strategy. This is not recommended as you don't know how long this move can continue. However, if we get a pullback, this pair is a long-term buy.

Originally posted here
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Forex – USD/CAD Up In Asian Trading Hours

Posted: 06 Apr 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9612, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, Wednesday&rsquo;s low, and resistance at 0.9693, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.4306 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 07:34 PM PDT

By ForexMansion.com

 
EUR/JPY continues to go forward as the market keeps pushing this currency pair up. It is now parabolic, and simply cannot be bought at these levels. However, if we get a pullback, this pair is a long-term buy. The fundamentals in Japan are getting bad enough that owning the yen won't be desirable for a very long time. The pair should find massive support at 120, and would be a buy at that level.

Originally posted here
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Forex – AUD/USD Up During Asian Trade

Posted: 06 Apr 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0466, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.0289, Tuesday&rsquo;s low, and resistance at 1.0481, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.42% to hit 1.3669 and AUD/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHART: International Public Opinion On Capitalism

Posted: 06 Apr 2011 07:27 PM PDT

The chart above is from today’s online version of The Economist, showing an international comparison of public opinion on the free market, with some interesting results:

1. Brazil ranks #1 for responding “strongly agree” that the free-market system is the best, and Germany ranks #1 for “strongly or somewhat agree.”

2. Germany, Brazil, China and Italy are rank higher than the U.S. for the top two most favorable responses.  

3. Citizens of Germany and Italy view free-markets more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For April 7, 2011

Posted: 06 Apr 2011 07:24 PM PDT

By ForexMansion.com

 
GBP/CHF formed a very strange candle today, showing an overall confusion in the marketplace. The pair tested the 1.52 area, which is a major resistance line, and then fell hard to try the 1.49 as well. In the end – it moved very little from the close. Because of this, the pair might be better left alone at the moment.

Originally posted here
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Forex – EUR/USD Down During The Asian Session

Posted: 06 Apr 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4312, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4349, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8772 and EUR/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Thursday 07 April

Posted: 06 Apr 2011 06:58 PM PDT

Strong market indeed… But anything goes up must come down. If you miss the uptrend for now, please wait for a pullback.

Short term positions
UOB enter 19.12 SL 18.84 (stock gapped up, can wait for a pullback)
SGX enter 8.53 SL 8.31
Ramba energy enter 0.625 SL 0.575
Dyna-Mac enter 0.67 SL 0.605

Mid term positions
Sembcorp enter 5.23 SL 4.73 (trail at 4.89)
Kepcorp enter 12.56 SL 11.24 (trail at 11.94)

Stock on lookout
Osim enter 1.75 SL … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade

Posted: 06 Apr 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Thursday.<br/><br/> EUR/JPY was trading at 122.04, down 0.40% at time of writing.<br/><br/> The pair was likely to find support at 119.19, Monday&rsquo;s low, and resistance at 122.61, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.15% to hit 1.4311 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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