Tuesday, April 12, 2011

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DailyMarkets.com - Limited Time Offer: Chase Freedom $150 Bonus Cashback Credit Card

Limited Time Offer: Chase Freedom $150 Bonus Cashback Credit Card

Posted: 12 Apr 2011 07:35 AM PDT

Recently I’ve noticed Chase (NYSE:JPM) has been coming up with many innovative promotions for the popular Chase Freedom Card. Just last week I wrote about the Chase Freedom 9.99% ongoing APR promotion, and now Chase has announced a Chase Freedom card with $150 signing bonus!

Here is a quick overview of the rewards program that the Chase Freedom cards have:

Earn 5% cash back: The 5% rebate applies to certain categories of purchases (such as gas, groceries, department stores, travel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Under Pressure

Posted: 12 Apr 2011 07:20 AM PDT

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

Canadian Dollar: The Downside Prevails

Posted: 12 Apr 2011 07:19 AM PDT

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

Forex – Euro Rises To Fresh 15-month High Against U.S. Dollar

Posted: 12 Apr 2011 07:11 AM PDT

Forex Pros – The euro rose to a fresh 15-month high against the U.S. dollar on Tuesday, supported by expectations for higher euro zone interest rates and after reports that China has reiterated its commitment to buy European debt.<br /><br />EUR/USD hit 1.4519 during early U.S. trade, the pair&rsquo;s highest since January 14, 2010; the pair subsequently consolidated at 1.4482, gaining 0.33%.<br /><br />The pair was likely to find support at 1.4290, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. IBD/TIPP Economic Optimism Index Declines Unexpectedly

Posted: 12 Apr 2011 07:10 AM PDT

Forex Pros – Consumer confidence in the U.S. declined unexpectedly in April, industry data showed on Tuesday.<br /><br />In a report, Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index dropped to 40.8 in April, down from March&rsquo;s reading of 43.0.<br /><br />Economists had expected the index to increase to 45.0 in April. <br /><br />A reading above 50.0 indicates optimism, while those below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CPKI Enhances Mexican Portfolio

Posted: 12 Apr 2011 07:05 AM PDT

Los Angeles-based California Pizza Kitchen Inc. (CPKI), which currently owns and operates 207 restaurants and franchises 60 restaurants, recently opened a restaurant in Mexico, a first in an airport. California Pizza Kitchen collaborated with Grupo Calpik, S.A.P.I. de C.V to open its maiden airport restaurant in Mexico, thus adding to its existing portfolio of 10 restaurants in Mexico.
The new restaurant is located in Terminal 2 at the Cancun International Airport, which is Mexico’s second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Polycom Launches Cloud Offering

Posted: 12 Apr 2011 07:05 AM PDT

A leading provider of video and audio conferencing equipment and related network infrastructure, Polycom, Inc. (PLCM) recently launched its cloud service offering, Accordent Media Services. The application will be supported by Microsoft Corporation's (NASDAQ:MSFT) Windows Azure platform, an Internet-scale cloud services platform hosted through Microsoft datacenters.
The service includes full-enterprise video content management capabilities (categorizing, indexing, retention management, real-time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Has Second Leg To The Upside

Posted: 12 Apr 2011 06:55 AM PDT

The EURUSD has continued it's move higher with the second leg to the rally. The first leg took the price from the low at 1.4379 to the high at 1.4481. The correction came in short of the 38.2% at the 1.4448 level vs 1.4442. This helped contribute to the next surge higher which saw the price extend to 1.4518. The price has stalled at this level now.  The market will be eyeing the 38.2% of this leg to the upside at the 1.4492 level for support. If it holds, look for another move … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 06:45 AM PDT

By ForexMansion.com
 
The USD/JPY pair dropped for the second consecutive day with worries rising once again due to the new earthquake that struck Japan, while the disaster intensified as they upgraded the severity rating of the accident at the Fukushima Dai-Ichi power plant to match the Chernobyl 1986 disaster. 
 
The Yen gained against the dollar and other major currencies after demand increased on it as a safe haven currency and expectations for further fund repatriations. On … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 06:44 AM PDT

By ForexMansion.com
 
The AUD/NZD pair dropped again affected by the selling wave on aussie against the U.S. dollar which prompted the AUD/NZD pair to decline, especially amid the stability seen for the New Zealand currency against the dollar.
 
The Australian dollar lost grounds versus the U.S. dollar, as gold prices retreated from their historical highs causing the Australian currency to lose momentum against most of its counterparts. 
 
Both currencies where pressured to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 06:43 AM PDT

By ForexMansion.com
 
The AUD/USD pair declined as the Australian dollar weakened against the greenback and most of its major counterparts as Asian stocks and commodities retreated, damping demand for high-yielding assets.
 
Aussie continued its downside movement for the second consecutive day as Asian stocks slumped and a gauge of commodity prices snapped a seven- day gain which prompted investors to lock on profits and take aussie lower from record grounds. 
There are a lot of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Prevailing Uncertainty In The Market Fuel Volatility And Fluctuations

Posted: 12 Apr 2011 06:40 AM PDT

By ForexMansion.com
 
Uncertainties are mounting across global financial markets keeping caution persistent. A big blow was seen to investors' sentiment after the IMF cut its forecasts for the US, Japanese, Australian and New Zealand growth outlook, spurring risk aversion which drove the yen and the Swiss franc higher.
This morning the Japanese government raised the severity level of Fukushima's radiation leak to 7 from 5, matching the 1986 Chernobyl disaster, after the country was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 06:38 AM PDT

By ForexMansion.com
 
The NZD/USD was influenced by the prevailing woes in the market that instantly curbed the risk appetite and kiwi's gains, especially with the drop in commodities. The dollar gained grounds and equities alongside commodities were pressured south which in role added the downside pressure on kiwi.
 
New Zealand economy will enjoy a strong push during the next period from higher exports price that will give support to the nation's currency, supporting growth and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Prints A Fresh 15-Month High As China Says It Will Continue To Support Spain

Posted: 12 Apr 2011 06:36 AM PDT

The advance of the EUR against the USD did not let up. Following a retracement down to 1.4376, a shallow correction of the Friday rally, the EUR again surged higher, taking out the 1.45 level in US early morning trading.

Mission accomplished for the options market makers as they were able to take the much touted 1.45 option barriers.
China Supports Spain, Helps Calm Sovereign Debt Nerves
EUR longs were very pleased to hear that China told Spain that they will support them as they recapitalize … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GE Acquires Technology Assets Of CSense

Posted: 12 Apr 2011 06:36 AM PDT

GE Intelligent Platforms, a division of General Electric Company (NYSE:GE),  has announced the acquisition of technology assets from CSense Systems (Pty) Ltd. of South Africa.
The acquisition includes CSense's analytic software products and engineering solutions. This provides advanced capabilities to proactively identify and solve potential process problems.
The CSense asset acquisition enhances the remote monitoring & diagnostics solutions capability recently acquired from SmartSignal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Next Equal Occupational Fatality Day In 2021

Posted: 12 Apr 2011 06:36 AM PDT

Today (April 12, 2011) is Equal Pay Day.  According to the National Committee on Pay Equity:

“This date symbolizes how far into 2011 women must work to earn what men earned in 2010. Because women earn less, on average, than men, they must work longer for the same amount of pay. Equal Pay Day was originated by the National Committee on Pay Equity (NCPE) in 1996 as a public awareness event to illustrate the gap between men’s and women’s wages.” 

MP: Last year, around the time of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Alcoa, American Medical Systems Holdings, BHP Billiton Limited, Biogen Idec Inc, Community Health Systems, Endo Pharmaceuticals Holdings, Flowers Foods, Global Crossing Ltd., J P Morgan Chase & Co, Level 3 Communications, Tenet Healthcare, Tasty Baking Company

Posted: 12 Apr 2011 06:36 AM PDT

 Level 3 Communications (NASDAQ:LVLT) and Global Crossing Limited (NASDAQ:GLBC) have entered into a agreement under which Level 3 will acquire Global Crossing in a stock-for-stock transaction

 Endo Pharmaceuticals’ (NASDAQ:ENDP) said that it would buy urological medical device supplier American Medical Systems (NASDAQ:AMMD) for about $2.6 billion

 Alcoa (NYSE:AA) reported Q1 EPS of $0.28, ex-items, ahead of the Zacks Consensus Estimate of $0.27 per share. Revenues for the quarter rose 22% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up As BoC Holds Rates Steady, Oil Prices Dip

Posted: 12 Apr 2011 06:33 AM PDT

Forex Pros – The U.S. dollar was up against its Canadian counterpart on Tuesday, after the Bank of Canada left its benchmark interest rate unchanged and as oil, Canada&rsquo;s largest export, retreated from recent highs.<br /><br />USD/CAD hit 0.9640 during early U.S. trade, the pair&rsquo;s highest since April 6; the pair subsequently consolidated at 0.9608, gaining 0.41%.<br /><br />The pair was likely to find support at 0.9525, Friday&rsquo;s low and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

David Galland’s Crystal Ball Post QE2

Posted: 12 Apr 2011 06:26 AM PDT

What does the future hold?
I believe the future of our nation, the world, and markets at large have NEVER been faced with the level of uncertainty as they currently face. Debt ceiling? Housing? Unemployment? Inflation? The health of our banking system? Integrity of our government reports? International civil strife? There is no rest for the weary.
Ben Bernanke and his minions at the Federal Reserve have masked the underlying destructive impact of the debts strangling our economy and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD’s Failed Rebound Ushers In Bearish Continuation; Next Target Is 1.32

Posted: 12 Apr 2011 06:25 AM PDT

AUD/NZD Attempting to Rebound after ABC Correction to 1.3366 (4/7)
AUD/NZD

Short to Medium Term- The AUD/NZD is not rebounding from the 1.3366 pivot as anticipated. The rally attempt failed, leaving the RSI in the 4H chart below 60. Breaking now below 40 and threatening 30, the RSI confirms bearish the continuation scenario.
- The bearish scenario can still be within the ABC correction scheme. The next support would be the 1.32-1.3175 area, 61.8% retracement and 150% expansion of wave A. We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Squeezed Toward 100 Hour MA

Posted: 12 Apr 2011 06:21 AM PDT

The GBPUSD is following the dollar selling clues and moves to test the 100 hour MA at the 1.6333 level. Above that the underside of the trendline broken earlier today at 1.6343 should provide some resistance for the pair.

Looking at the 5 minute chart, the price has stalled at the 50% Retracement of the weeks range. The surge back higher despite the weaker CPI data today is impressive. I would expect dips against the 200 bar MA (green line in the 5 minute chart) to find buyers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 12 Apr 2011 06:19 AM PDT

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

Japanese Yen: Caution

Posted: 12 Apr 2011 06:19 AM PDT

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

Euro: Capped By A Negative Trend Line

Posted: 12 Apr 2011 06:19 AM PDT

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

Will A Crude Pullback Slow Down The Loonie?

Posted: 12 Apr 2011 06:18 AM PDT

Today’s Idea
The Canadian Dollar fundamentals remain bullish, but the currency does risk seeing selling pressure if Crude Oil prices see a correction. The Bank of Canada is likely to keep interest rates unchanged at 1%, so the rate decision will be a non-event. Like FOMC rate decisions in the US, the language used by the central bank will be more important than the decision itself. Technically, the June futures chart shows the market in an uptrend, but near-term indicators hint at possible … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 12 Apr 2011 06:18 AM PDT

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

Forex – EUR/JPY Trims Losses As ECB Rate Outlook Supports

Posted: 12 Apr 2011 06:17 AM PDT

Forex Pros – The euro trimmed losses against the yen on Tuesday, easing off a five-day low hit earlier after Japanese government raised its assessment of the crisis at the Fukushima Daiichi nuclear plant to the same level as the 1986 Chernobyl disaster.<br /><br />EUR/USD retreated from 120.14, the pair&rsquo;s lowest since April 5, to hit 122.03 during European afternoon trade, still down 0.05% on the day.<br /><br />The pair was likely to find support at 119.31, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Canada Leaves Interest Rate Unchanged At 1.00%

Posted: 12 Apr 2011 06:07 AM PDT

Forex Pros – The Bank of Canada left its benchmark interest rate unchanged in April, it announced on Tuesday.<br /><br />In a statement, the bank said it was leaving its overnight cash rate unchanged at 1.00%, broadly in line with expectations.<br /><br />According to the BoC, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace.&nbsp; The disasters that struck Japan in March will severely affect its economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kodak Sells Microfilm Division

Posted: 12 Apr 2011 06:06 AM PDT

Eastman Kodak Company (NYSE:EK) recently sold its microfilm products and equipment business to Eastman Park Micrographics Inc.  The financial terms of the deal were not disclosed.
As per the agreement, the company will continue supplying current microfilms, service and support for microfilm equipment. Furthermore, Eastman Park Micrographics will acquire Kodak's North Carolina-based data conversion services business, which converts data to analog and digital formats.
Consequently, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Principal Expands In Mexico

Posted: 12 Apr 2011 06:06 AM PDT

Principal Financial Group, S.A. de C.V., has agreed to acquire HSBC AFORE, S.A. de C.V. (HAFO) from Grupo Financiero HSBC, S.A. de C.V., as announced by The Principal Financial Group Inc. (NYSE:PFG). HSBC Afore, SA de C.V., is the pension funds management business of Grupo Financiero HSBC, SA de C.V.
The purchase consideration is approximately $198 million. The acquisition is expected to close by early third-quarter 2011, pending regulatory approval. Also, the acquisition is expected to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Financial Prices Offering

Posted: 12 Apr 2011 06:06 AM PDT

Dollar Financial Corporation (NASDAQ:DLLR) has priced its previously announced public offering of 6 million shares at $20.75 per share, to use the proceeds to help fund its acquisition of Purpose U.K. Holdings Limited in the U.K.
However, Dollar Financial earlier planned to underwrite a public offering of 5 million shares of its common stock, subject to market conditions. Further, according to the Securities and Exchange Commission, Dollar Financial allowed underwriters a 30-day option to cover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD: Elliott Wave Count In Short To Medium Term; Double Top

Posted: 12 Apr 2011 06:01 AM PDT

Throwback Should Provide Clue for Intermediate Direction (4/11)
GBP/USD

Short- term- The GBP/USD's throwback found support at 1.6230.The 1H RSI did kiss 30. If it fails to return back above 60, we might have further corrections.
- We did get a double top, which has a breakout target near 1.62. However, the wave count shown in the 1H chart suggests the correction could be over after a WXY structure.
- Return above 1.6360 should confirm the bullish continuation scenario. The RSI should at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Before The Bell

Posted: 12 Apr 2011 06:00 AM PDT

04/12/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian NHPI Rises In Line With Expectations In February

Posted: 12 Apr 2011 05:58 AM PDT

Forex Pros – Canadian new house prices rose broadly in line with expectations in February, official data showed on Tuesday. <br /><br />In a report, Statistics Canada said its new housing price index rose by 0.4% in February, after rising by 0.2% in January.<br /><br />According to the data, the top contributors to the NHPI monthly increase in February were Toronto and Oshawa, as well as Edmonton.<br /><br />The report said that year-on-year, the NHPI was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Decline As Alcoa Drops; Dow Futures Shed 0.55%

Posted: 12 Apr 2011 05:53 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Tuesday, after Japan raised the severity rating of its nuclear crisis and as shares in Alcoa dropped after reporting disappointing first quarter earnings.&nbsp; <br /><br />Dow Jones Industrial Average futures pointed a drop of 0.55%, the S&amp;P 500 futures declined 0.67%, while Nasdaq 100 futures indicated a drop of 0.68%.<br /><br />Earlier in the day, Japan&rsquo;s Nuclear and Industrial Safety … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada Trade Balance Unexpectedly Flat In February

Posted: 12 Apr 2011 05:52 AM PDT

Forex Pros – Canada&rsquo;s trade balance was unexpectedly flat in February, official data showed on Tuesday.<br /><br />In a report, Statistics Canada said that Canada&rsquo; trade balance was flat, after posting a surplus of CAD0.4 billion in January, whose figure was revised up from a surplus of CAD0.1 billion.<br /><br />Analysts had expected Canada&rsquo;s trade surplus to widen to CAD0.7 billion in February.<br /><br />According to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD At Highest Level Since January 2010

Posted: 12 Apr 2011 05:48 AM PDT

The EURUSD has surged to new highs and trades at the highest level since January 2010.  At that time the high reached 1.4579.  This is a target for the pair. Before that I will be watching the 1.4550 level. This level corresponds to the upper channel resistance level (see chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Import Prices Rise More-than-expected In March

Posted: 12 Apr 2011 05:42 AM PDT

Forex Pros – U.S. import prices rose more-than-expected in March, official data showed on Tuesday.&nbsp; <br /><br />In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by 2.7% in March, after rising by 1.4% in February. <br /><br />Analysts had expected U.S. import prices to rise by 2.2% in March.<br /><br />The report said that year-on-year, U.S. import prices rose significantly more-than-expected, increasing by 9.7% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Trade Deficit Narrows Less-than-expected In February

Posted: 12 Apr 2011 05:38 AM PDT

Forex Pros – The U.S. trade deficit narrowed slightly less-than-expected in February, official data showed on Tuesday.<br /><br />In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD45.8 billion in February, compared to a deficit of USD47 billion in January, whose figure was revised up from a deficit of USD46.3 billion.<br /><br />Analysts had expected the U.S. trade deficit to narrow to USD45.7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novatel Upgraded To Neutral

Posted: 12 Apr 2011 05:36 AM PDT

We are currently upgrading our recommendation on Novatel Wireless Inc. (NASDAQ:NVTL) to Neutral based on its current valuation. The stock price has declined sharply by more than 56% in the last year and currently trading at the low-end of its 52-week price range. We believe this low valuation level may provide a cushion for further downside.
Novatel provided a very weak first-quarter 2011 financial outlook. Management cited lower sales of its 3G access products and ongoing customer transition to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP Slides As March’s CPI Data Lowers The Chance Of A BOE Rate Hike

Posted: 12 Apr 2011 05:32 AM PDT

Inflation data from the UK came in softer than expected, which caused a sharp decline in the GBP/USD. The annual inflation rate slowed to 4% in March from 4.4% in February, when forecasts had called for it to repeat the 4.4% reading. This is still above the upper limit of the BOE of 3%, but this opens the door for the BOE to go another month without hiking rates, in order to continue nursing what is in their view, an uneven recovery.
From Marketwatch: ""These figures will relieve some of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD’s Flag Pattern-Breakout-Target Is Near 1.4575

Posted: 12 Apr 2011 05:19 AM PDT

EUR/USD Consolidates at the Crossroad (4/11)
The Fate of the EUR/USD to be Clearer after this Week (4/11 Video)
EUR/USD

Short-Term to Medium Term- The EUR/USD did not even reach the 1.4350 pivot. This was not a significant correction at all as the rally still remains within a rising channel.
- The RSI dipped below 40, but not below 30, and is now coming back above 60. A break above 1.45 is strong if it can be accompanied by a 1H RSI reading rising above 70.
- Price action is breaking above a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Earnings: Apr 12 – Apr 15, 2011

Posted: 12 Apr 2011 05:19 AM PDT

With Alcoa (NYSE:AA) having kicked off the earnings seasons Monday, here is a list of other important companies reporting during the course of this week.
Tuesday
Adtran (NASDAQ:ADTN)
Wednesday
A-Power Energy (NASDAQ:APWR)

JP Morgan Chase (NYSE:JPM)
Thursday
Hasbro (NYSE:HAS)

Checkpoint software (NASDAQ:CHKP)

Fairchild Semi (NYSE:FCS)

Progressive (NYSE:PGR)

Google (NASDAQ:GOOG)
Friday
Bank of America (NYSE:BAC)

Charles Schwab (NASDAQ:SCHW)

Infosys (NASDAQ:INFY)

Knoll (NYSE:KNL)

Mattel (NYSE:MAT)
Take care and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower After Japan Raises Level Of Nuclear Crisis

Posted: 12 Apr 2011 05:13 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as safe haven inflows boosted the yen and Swiss franc after Japan raised its assessment of the crisis at the Fukushima Daiichi nuclear plant to the same level as the 1986 Chernobyl disaster.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD climbing 0.21% to hit 1.4468.<br /><br />Earlier in the day, the ZEW Center for European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 5-day Low On Surprise Fall In U.K. Inflation

Posted: 12 Apr 2011 04:11 AM PDT

Forex Pros – The pound extended losses against the U.S. dollar on Tuesday, falling to a five-day low, following an unexpected decline in the rate of U.K. consumer price inflation, which dampened expectations for a near-term rate hike by the Bank of England.<br /><br />GBP/USD hit 1.6228 during European early afternoon trade, the pair&rsquo;s lowest since April 5; the pair subsequently consolidated at 1.6264, shedding 0.49%.<br /><br />Cable was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Erases Early Losses Against Dollar Amid Risk Pullback

Posted: 12 Apr 2011 03:37 AM PDT

Forex Pros – The euro erased early losses against the U.S. dollar on Tuesday, climbing to a fresh daily high, amid a pullback in risk aversion after Japan upgraded the severity of its nuclear crisis earlier in the day.<br /><br />EUR/USD rebounded from 1.4378, a two-day low, to hit 1.4457 during European late morning trade, gaining 0.15%.<br /><br />The pair was likely to find support at 1.4290, Friday&rsquo;s low and resistance at 1.4486, Friday&rsquo;s high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EnCore Oil Upbeat On Latest Appraisal Drilling Results At Cladhan

Posted: 12 Apr 2011 12:34 AM PDT

Oil and gas group EnCore Oil (LON:EO.) said this morning that a new appraisal well on the Cladhan prospect in the UK Northern North Sea had confirmed both the presence of a large oil column in the main Cladhan reservoir as well as a new hydrocarbon bearing reservoir sequence. The well was drilled as part of an ongoing drilling programme that will assist in the planning of a field development conceptual design that is already underway for Cladhan. The EnCore Oil share price gained 6.5p to 125.5p … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Fundamental Analysis For April 12, 2011

Posted: 11 Apr 2011 09:49 PM PDT

By ForexMansion.com
 
The USD/CAD pair was little changed on Monday ahead of the Bank of Canada rate decision on Tuesday, where falling oil prices from one hand and Tuesday's rate decision forced the USD/CAD pair to trade within a limited range.
The general direction for the USD/CAD pair should be to the downside, and accordingly, investors will be paying close attention to what the BOC might have to say, and whether the BOC will address the rising value of the Canadian dollar or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Fundamental Analysis For April 12, 2011

Posted: 11 Apr 2011 09:48 PM PDT

By ForexMansion.com
 
The dollar returned to the gains on Monday and recovered some of its losses sending the GBP/USD lower, weakening sterling and undermined its gains amid prevailing jitters and fragile sentiment.
Sterling withholds its grounds and still moving to the upside especially with the focus on Tuesday shifting towards inflationary figures. Last Thursday was somehow a disappointment to investors as they did expect a surprise move by the BoE which was not delivered and on that we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Fundamental Analysis For April 12, 2011

Posted: 11 Apr 2011 09:47 PM PDT

By ForexMansion.com
 
The USD/CHF pair continues to be dominated by the prevailing market sentiment, especially with the lack of major data from the Swiss economy. The Swiss Franc started the week with slight weakness versus the dollar that gained grounds on correctional basis and also the resolution of the deadlock on the budget as the US lawmakers averted the government lockdown on spending cuts of nearly $38 billion.
Jitters mounted once again after the IMF downgraded its outlook for US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Fundamental Analysis For April 12, 2011

Posted: 11 Apr 2011 09:47 PM PDT

By CommoditiesMansion.com
 
Natural gas prices rose on Monday for the first time in a week, where natural gas prices dropped throughout last week, marking the worst losing streak in more than seven months, where above than normal temperatures in Eastern U.S. pushed natural gas prices lower.
Nevertheless, we should expect natural gas prices to remain under pressure over the course of this week.
Originally posted here
Read more about commodities technical analysis, commodities fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Fundamental Analysis For April 12, 2011

Posted: 11 Apr 2011 09:46 PM PDT

By CommoditiesMansion.com
 
Crude oil prices dropped after rising earlier on Monday to the highest level since September 2008 at $113.43 a barrel, as news emerged that the African Union made progress in peace talks with Libya.
The situation in Libya is still unclear yet, where despite reports suggesting that peace talks are in progress, Colonel Gaddafi's troops are still attacking rebels, and accordingly, we should still be careful over the outlook for oil, where the upside potential is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Fundamental Analysis For April 12, 2011

Posted: 11 Apr 2011 09:46 PM PDT

By CommoditiesMansion.com
 
Inflation threats in the world pressured investors to continue on saturating the prices of gold to reach a record high of 1,476.30 an ounce, while a big correctional move is expected to ease of pressure on the metal's price.
Gold is expected to drop severely to return and trade near 1,420.0 an ounce and probably extend its drop to 1,400.0 and 1,390.0 as investors take advantage of elevated prices and seek profits. Nonetheless, a failure to breach 1,445.0 an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:45 PM PDT

By ForexMansion.com

 
The USD/JPY pair fell today, yet sits above the 84.50 level still, proving the strength of the support level. The pair looks bullish still, and still has an upward bias as long as it holds above this area. A short isn't advised as the central banks are the ones who pushed it up to begin with. A long is possible with a tight stop as long as this level holds.

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

USD/CAD Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:44 PM PDT

By ForexMansion.com

 
The USD/CAD pair has printed a hammer on Friday, after breaking below the 0.96 level. Because of this, the pair looked slightly bullish, but still managed to only muster up a fairly anemic rally today, showing just how bearish this pair really is. Rallies are still to be sold, and should be short in length. A break below 0.95 would push prices much lower.

Originally posted here
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EUR/USD Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:44 PM PDT

By ForexMansion.com

 
The EUR/USD pair had a mildly bearish day today. As the 1.4500 resistance level seems to have pushed buyers back, this pair looks ripe for a small pullback. Even with this small pullback, buying is recommend on a confirmation of support below, perhaps near the 1.4250 break out level. A break below that brings negativity to the market.

Originally posted here
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GBP/CHF Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:43 PM PDT

By ForexMansion.com

 
GBP/CHF formed a very bearish candle today, as it broke towards the 1.48 support area. A break below 1.48 would signal a bigger move below, but as long as it holds – shorting is not an option as it looks to be a fairly important level for the bulls. A break above 1.52 is needed to get overly bullish. A small long could be placed now, with a tight stop in the case of a consolidative move.

Originally posted here
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USD/CHF Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:42 PM PDT

By ForexMansion.com

 
The USD/CHF pair fell today to test the 0.90 area, and is moving lower. The pair looks likely to retest the 0.89 area again as well as the all-time lows. The strong down trend looks to be intact still, and a new bullish move is nowhere to be found. You simply cannot buy this pair, and rallies should be sold until at it breaks higher, and clears at least the 0.93 handle.

Originally posted here
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EUR/CHF Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:41 PM PDT

By ForexMansion.com

 
EUR/CHF had a slightly bearish day today, forming a red candle after Friday's green one. The pair still looks to be stuck between the support area of 1.30, and the resistance area of 1.32. Until we break out of this 200 pip range, longer term trading will be impossible.

Originally posted here
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EUR/GBP Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:41 PM PDT

By ForexMansion.com

 
EUR/GBP smashed through the 0.88 recently, but didn't clear the recent highs. Because of this, the pair looks like it wants to consolidate, and had a doji print for the day today. A buy can't be found until we break above 0.89, and a sell would be hard to justify until we break below the 0.87 level as it would be counter-trend. This pair looks painfully neutral at this point.

Originally posted here
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EUR/JPY Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:40 PM PDT

By ForexMansion.com

 
EUR/JPY shows signs of weakening today as it formed a large red candle. The 120 level below looks to act as support if the market pulls back to it. Look to buy a pullback to 120, if and when it comes. Otherwise, you will have a hard time finding a decent entry level. A short isn't recommended because of recent central bank intervention.

Originally posted here
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NZD/USD Technical Analysis For April 12, 2011

Posted: 11 Apr 2011 09:40 PM PDT

By ForexMansion.com

 
The NZD/USD pair had weak day today, breaking back below the 0.78 mark, which of course was previous resistance. A pullback is looking more and more likely as it has risen so drastically over the last couple of weeks. Any weakness leading to shorts at this point should be short-term trades, as this pair has made it known it wants to go upward overall. Support could be found at 0.77 and 0.75 below.

Originally posted here
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Inflationary Headwinds Increasing

Posted: 11 Apr 2011 08:46 AM PDT

Our indicator constructed from the trends in the CRB Index, gold, and yields on the 10 year Treasury is not extreme but it did rise last week suggesting that inflationary headwinds are increasing for equities.   Another push higher in gold or possibly in Treasury yields would send this indicator into extreme territory.
 
We last looked at this indicator three weeks ago.  At that time, the indicator had come off its extreme levels, and with prices on the SP500 above their 40 week … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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