Wednesday, April 13, 2011

DailyMarkets.com - Political Theater: It Turns Out That The Republicans And The Democrats Were Both Lying To Us And That The Real Budget Cut Number Is Far Less Than $38.5 Billion

DailyMarkets.com - Political Theater: It Turns Out That The Republicans And The Democrats Were Both Lying To Us And That The Real Budget Cut Number Is Far Less Than $38.5 Billion


Political Theater: It Turns Out That The Republicans And The Democrats Were Both Lying To Us And That The Real Budget Cut Number Is Far Less Than $38.5 Billion

Posted: 13 Apr 2011 03:48 AM PDT

Guess what? The Democrats and the Republicans are both lying to us again. So what else is new? The truth is that the great “budget crisis” which supposedly took us to the verge of a government shutdown was just a whole bunch of political theater. Even the Associated Press is declaring that our politicians used “accounting sleight of hand” to reach the $38.5 billion budget cut figure. Not that $38.5 billion was an impressive number to begin with. $38.5 billion would just be one … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Google’s ITA Acquisition Cleared

Posted: 13 Apr 2011 03:35 AM PDT

Google Inc's (NASDAQ:GOOG) acquisition of ITA Software — which has been pending for many months — was finally cleared by the Department of Justice on April 8, 2011.
The acquisition received strong opposition from travel companies, such as Expedia Inc. (NASDAQ:EXPE), competitors such as Microsoft Corp (NASDAQ:MSFT) and airline ticket providers, such as Kayak. In fact, Expedia-owned TripAdvisor and Hotwire joined with the above parties among others to form what they called the FairSearch coalition in an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Rise As Alcatel-Lucent Jumps; DAX Up 0.6%

Posted: 13 Apr 2011 02:14 AM PDT

Forex Pros – European stock markets advanced on Wednesday, rebounding from the previous session&rsquo;s broad sell-off as shares in Alcatel-Lucent surged after a broker upgrade, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 climbed 0.35%, France&rsquo;s CAC 40 rose 0.4%, while Germany’s DAX 30 added 0.6%.<br /><br />Shares in French telecom service provider Alcatel-Lucent jumped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil, Gold And Silver To Extend Drop If Soft US Sales Data Sinks Risky Assets

Posted: 13 Apr 2011 02:10 AM PDT

Commodities – Energy
Oil to Extend Drop on Slowdown in US Retail Sales Growth
WTI Crude Oil (NY Close): $106.25 // -3.67 // -3.34%
Prices followed up a Bearish Engulfing candlestick pattern with a drop through the bottom of a rising channel established from mid-March as well as the 38.2% Fibonacci retracement of the 3/16-4/11 advance at $106.85.The bears now stand to challenge the 50% Fib at $104.82, with the $106.85 level recast as near-term resistance.
Crude remains broadly responsive to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Industrial Production Rises Less-than-expected

Posted: 13 Apr 2011 02:04 AM PDT

Forex Pros – Industrial production in the euro zone rose less-than-expected in February, official data showed on Wednesday.<br /><br />In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.4% in February, after rising by 0.2% in January, whose figure was revised down from 0.3%. <br /><br />Analysts had expected industrial production in the euro zone to rise by 0.8% in February.<br /><br />The data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone February Industrial Production Up 0.4% From Prior Month

Posted: 13 Apr 2011 02:02 AM PDT

E/Z Feb. Industrial Production m/m rose 0.4%, a 0.8% rise was expected.
Eur/Usd is off slightly since release, presently trading at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower Vs. Rivals As Risk Sentiment Strengthens

Posted: 13 Apr 2011 01:43 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as market sentiment strengthened, spurring increased demand for riskier assets.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.22% to hit 1.4509.<br /><br />The greenback was also lower against the pound, with GBP/USD easing up 0.12% to hit 1.6278.<br /><br />Earlier in the day, official data showed that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Claimant Count Change Rises Unexpectedly In March

Posted: 13 Apr 2011 01:38 AM PDT

Forex Pros – The number of people claiming unemployment benefits in the U.K. rose unexpectedly in March, official data showed on Wednesday.<br /><br />In a report, the U.K. Office for National Statistics said that the claimant count rose by a seasonally adjusted 700 in March, after declining by 8,500 in February, whose figure was revised from a decline of 10,200.<br /><br />Analysts had expected the claimant count to rise fall by 3,000 in March.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chile Central Bank Lifts Rate 50bps To 4.50%

Posted: 13 Apr 2011 01:35 AM PDT

The Banco Central de Chile raised its overnight rate by 50 basis points to 4.50% from 4.00% previously. The Bank president, Jose De Gregorio, said “It can’t be ruled out that activity and demand will evolve above expectations, causing them to exceed normal levels of productive capacity use in the economy and, as a result, causing inflationary pressures.” Chile reported monthly inflation of 0.8% in March, the fastest since September 2009; with core inflation at 0.4% in the same period. The Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Fundamental Analysis For April 14, 2011

Posted: 13 Apr 2011 01:16 AM PDT

By ForexMansion.com
 
The AUD/NZD pair continued to decline for the third consecutive day, as kiwi reached its highest level in 4 months against the U.S. dollar. On the other hand, the Australian currency was stable against greenback, which prompted the New Zealand dollar to dominate the movements of the pair.
The Australian dollar lost ground versus U.S. dollar, as gold prices retreated from its historical levels causing the Australian currency to lost momentum against most of its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Fundamental Analysis For April 14, 2011

Posted: 13 Apr 2011 01:15 AM PDT

By ForexMansion.com
 
The NZD/USD pair continued the upside journey as kiwi gained grounds on Wednesday following reports of stronger recovery in the housing sector and rising prices.
New Zealand's economic recovery is ongoing, and surely supported by strong growth from China and demand for commodities, which is why we expect the volatility to remain for the week with Chinese growth figures awaited.
Further, the Kiwi soared versus majors because of the positive signs of global economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Fundamental Analysis For April 14, 2011

Posted: 13 Apr 2011 01:15 AM PDT

By ForexMansion.com
 
The AUD/USD moved higher as the Australian dollar attempted to restore its gains against its US counterpart on Wednesday, after the Westpac consumer confidence improved by 1.2% in April from the previous drop by 2.4% in March.
The Australian currency improved versus majors after a two-day drop as signs of global economic growth boosted demand for higher-yielding currencies such as the Australian dollar.
A drop in commodity prices dented sentiment toward the Australian … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Fundamental Analysis For April 14, 2011

Posted: 13 Apr 2011 01:14 AM PDT

By ForexMansion.com
 
The USD/JPY pair moved higher as the yen headed lower versus dollar as the risk aversion eased. Still, the jitters prevail after a new 5.8 quake hit the north of Japan on Wednesday.
The Japanese government cut its assessment for the economy for the first time in six months which weakened the status of the yen on the fragile state of the economy compared to its peers. The Bank of Japan agreed to introduce more funds and to intervene in the financial market if needed, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/GBP Edges Higher Ahead Of U.K. Employment Data

Posted: 13 Apr 2011 01:02 AM PDT

Forex Pros – The pound edged higher against the U.S. dollar on Wednesday, climbing to a daily high, but gains were limited ahead of the release of a U.K. government report on employment change.<br /><br />GBP/USD hit 1.6302 during European morning trade, the daily high; the pair subsequently consolidated at 1.6279, easing up 0.14%.<br /><br />Cable was likely to find support at 1.6226, Tuesday&rsquo;s low and a one-week low and resistance at 1.6425, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Yen Resumes Decline Vs. Dollar As Risk Appetite Sharpens

Posted: 13 Apr 2011 12:43 AM PDT

Forex Pros – The U.S. dollar was higher against the yen on Wednesday, as risk appetite sharpened, dampening demand for the safe haven of Japan&rsquo;s currency.<br /><br />USD/JPY hit 84.26 during early European trade, the daily high; the pair subsequently consolidated at 84.07, gaining 0.60%.<br /><br />The pair was likely to find support at 83.49, the days low and an eight-day low and resistance at 84.77, Tuesday&rsquo;s high.<br /><br />The yen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Switzerland PPI Rises In Line With Expectations In March

Posted: 13 Apr 2011 12:24 AM PDT

Forex Pros – Switzerland’s producer price index rose broadly in line with expectations in March, official data showed on Wednesday.<br /><br />The Swiss Federal Statistical Office said its producer price index rose by 0.4% in March, broadly in line with expectations, after rising 0.2% in February. <br /><br />According to the data, the producer price index rose in line with expectations at an annualized rate of 0.4% in March, after advancing at a rate of 0.5% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hits 5-month High After NZ House Price Report

Posted: 13 Apr 2011 12:13 AM PDT

Forex Pros – The New Zealand dollar was up for a second day against its U.S. counterpart on Wednesday, rallying to a five-month high after a report showing that house prices increased for a second month in March.<br /><br />NZD/USD hit 0.7900 during late Asian trade, the pair&rsquo;s highest since November 9; the pair subsequently consolidated at 0.7899, surging 0.78%.<br /><br />The pair was likely to find support at 0.7744, Tuesday&rsquo;s low and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up As Australian Consumer Confidence Rebounds

Posted: 12 Apr 2011 11:56 PM PDT

Forex Pros – The Australian dollar was higher against its U.S. counterpart on Wednesday, boosted by a report showing that Australian consumer confidence rebounded in April.<br /><br />AUD/USD hit 1.0493 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0486, gaining 0.47%.<br /><br />The pair was likely to find support at 1.0388, Tuesday&rsquo;s low and resistance at 1.0580, Monday&rsquo;s high and the pair&rsquo;s highest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Advance As Oil Prices Retreat; Nikkei Jumps 0.9%

Posted: 12 Apr 2011 11:48 PM PDT

Forex Pros – Asian stock markets advanced for the first time in three days on Wednesday, as concerns over rising energy prices eased after oil prices tumbled on Tuesday, while shares in Japanese automakers advanced after a brokerage upgrade.&nbsp; <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index gained 0.6%, South Korea’s Kospi Composite jumped 1.56%, while Japan&rsquo;s Nikkei 225 Index rose 0.9%. <br /><br />Oil prices fell below USD106 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Edges Higher, Just Off 15-month High

Posted: 12 Apr 2011 11:35 PM PDT

Forex Pros – The euro edged higher against the U.S. dollar on Wednesday, hovering just below Tuesday&rsquo;s 15-month high, as the single currency remained supported by the outlook for further euro zone rate hikes this year.<br /><br />EUR/USD hit 1.4498 during late Asian trade; the daily high; the pair subsequently consolidated at 1.4488, edging up 0.08%.<br /><br />The pair was likely to find support at 1.4376, Tuesday&rsquo;s low and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


P&G Raises Dividend

Posted: 12 Apr 2011 11:05 PM PDT

The Procter and Gamble Company (NYSE:PG) raised its quarterly dividend by 9% to 52.5 cents a share from 48.18 cents a share earlier. The hike is applicable on the company's common stock and on the Series A and Series B ESOP convertible Class A Preferred stock. The increased dividend will be paid on or after May 16, 2011 to shareholders on record as on April 29, 2011.
The increase in dividend reflects the company's sound financial position and well-defined future prospects. Signs of recovery in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Kirkland's, Inc. (KIRK)

Posted: 12 Apr 2011 11:05 PM PDT

Kirkland’s, Inc. (NASDAQ:KIRK) again reported weak fourth-quarter 2011 results with earnings of $0.70, which was 35.2% below the prior-year quarter. The company’s susceptibility to the global economic downturn, coupled with stiff competition, severely undermines the company’s future growth prospects and profitability.
The company expects comparable store sales to be flat or marginally negative for fiscal 2011. For the first quarter of 2011, the company expects sales to be in the range of $94 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Discover Financial Services (DFS)

Posted: 12 Apr 2011 11:05 PM PDT

Discover Financial Services (NYSE:DFS) first quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes.
In addition, higher consumer spending and merchant acceptance also contributed to the increase. Recently, Discover also completed the acquisition of Student Loan Corp., which further enhanced its already strong student loan portfolio. The company’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: The Toro Company

Posted: 12 Apr 2011 11:05 PM PDT

The Toro Company (NYSE:TTC) should see some pent up demand hit the bottom line this summer as retail and commercial customer confidence rebounds.
Shares have pulled back recently, making this Zacks #1 Rank (Strong Buy) a great buy-on-the-dip play.
Company Description
Toro makes turf and landscaping equipment. Their lawnmowers and irrigation systems are used on residential homes, commercial uses and maintain golf courses and sports fields.
Should See a Strong Summer
In the last quarterly report, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Quality Systems, Inc.

Posted: 12 Apr 2011 11:05 PM PDT

Quality Systems, Inc. (NASDAQ:QSII) stands to benefit from healthcare organizations migrating to electronic health records (EHR), and from a $20 billion “nudge” from the federal government through The American Recovery and Reinvestment Act to accelerate this pace.
Quality Systems, Inc. develops computer-based practice management electronic health records and revenue cycle management applications for medical and dental group practices and small hospitals.
The company is projected to grow EPS by 22% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Dollar Thrifty Automotive Group, Inc.

Posted: 12 Apr 2011 11:05 PM PDT

Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) recently spiked to a new all-time high after pleasing the Street by raising its full-year 2011 guidance. With sales on the upswing in the rebounding economy, this Zacks #1 rank stock is a solid momentum pick.
Company Description
Dollar Thrifty Automotive Group, Inc., through its subsidiaries, rents and leases vehicles through company owned and franchised stores under Dollar and the Thrifty brand names primarily in the United States and Canada. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 11:04 PM PDT

By ForexMansion.com

 
The USD/CHF pair fell today to test the 0.8930 area, and looks as if it is moving lower. The pair looks likely to reach the all-time lows again. The strong down trend looks to be intact still, and a new bullish move isn't expected anytime soon. You shouldn't buy this pair, and rallies should be sold until at it breaks higher, and clears at least the 0.93 handle, which to be honest still only makes it a typical counter-trend move.

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


EUR/GBP Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 11:04 PM PDT

By ForexMansion.com

 
EUR/GBP smashed through the 0.88 today, and has made its intentions of going to 0.90 known. The pair closed towards the highs of the day as if to erase any doubt. With an obvious place for stop losses below the 0.88 level – this pair looks very strong. A short is nearly impossible at the moment as it would simply be a pullback.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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USD/JPY Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 11:02 PM PDT

By ForexMansion.com

 
The USD/JPY pair fell today, and has broken below the 84.50 level, showing the bearish move may be gaining steam. The pair looks bullish still, (speaking to the long-term) and is currently trying to find support at the 83.50 area. A short isn't advised as the central banks are the ones who pushed it up to begin with. If the 83.50 area holds over the next day or two – a long might be possible.

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/USD Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:56 PM PDT

By ForexMansion.com

 
The EUR/USD had a confusing day today, while finishing with a green candle it does looks decidedly neutral as traders are still struggling to get through the 1.4500 area. The market has entered a new bullish phase, and should continue higher – however it simply must get through this area first. Selling isn't encouraged at this point.

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


GBP/CHF Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:55 PM PDT

By ForexMansion.com

 
GBP/CHF formed a very bearish candle today, dropping another couple of hundred pips. The 1.45 area is in sight, and further weakness could be coming. Recent all-time lows are just below, and a break could signal more selling. Only the truly brave and foolish will buy at this point as the pair has announced it wants to go lower and quite possibly break to all-time lows.

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


Forex – EUR/USD Up During The Asian Session

Posted: 12 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 1.4487, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4519, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8895 and EUR/JPY rising 0.83% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:53 PM PDT

By ForexMansion.com

 
The AUD/USD had a bearish day today again. The pullback keeps going on, but shows that it might perhaps be of a temporary nature. After its recent bullish action, this is perfectly warranted and welcome as new buyers will need to be attracted in order to push this pair higher.
The 1.05 level proved to be resistance, but based upon our measurement of the recent consolidation zone we are still calling for 1.07 before all is said and done. Look for support at 1.03 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:48 PM PDT

By ForexMansion.com

 
EUR/JPY shows signs of weakening today again as it formed a red candle. The 120 level is acting as support presently, making the candle look more and more like a hammer. If this level holds – this could be your opportunity to go long if you missed the original move. A short isn't recommended because of recent central bank intervention.

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


Oil Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:44 PM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL fell again today, and is quickly approaching the $105 level. This level could serve as support, as buyers have stepped in at this level before.  Although it won't change the trend, a break below $105 would be very bearish in the short term. However, it should be considered that oil is in a massive bull market mode at the moment, and shorting still isn't very wise. Look for support at $105, and $100 below.

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


Natural Gas Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:43 PM PDT

By CommoditiesMansion.com

 
Natural Gas fell again today, and looks dead set on testing the $4 mark. This will be a very important place for determining the future direction of this market. Because of this, you are advised to let the market do what it wants. This is a perfect example of a time when you will want to react, not anticipate. Wait until we see what the action is like at $4, and then we can decide. If it holds – we will rise. If it falls – we see the bottom … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 10:42 PM PDT

By CommoditiesMansion.com

 
Gold fell today, but has held at an important support level, the $1,440 level that signaled the latest breakout in the first place. Because of this, the market still appears bullish and longs are possible with a small stop loss. A break down below the $1,440 mark would be very bearish, and could spell further weakness. Until then, the only direction to trade is to buy.

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


Crude Oil Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 10:39 PM PDT

By CommoditiesMansion.com
 
Crude oil prices dropped heavily on Tuesday from the highest level since September 2008 at $113.43 a barrel reached on Monday, after Goldman Sachs forecasted commodities including oil are expected to undergo a deep correction after rising heavily over the past period.
Moreover, the International Energy Agency said that high oil prices will hurt global demand on oil and slowdown the global recovery, accordingly oil prices extended their drop after rising above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 10:39 PM PDT

By CommoditiesMansion.com
 
Natural gas prices declined on Tuesday, where expectations of above than normal temperatures in Eastern U.S. through April 26, pushed natural gas prices lower, which sparked speculations that inventories will continue to rise over the course of the upcoming period, which will keep natural gas prices under pressure.
Originally posted here
Read more about commodities technical analysis, commodities fundamental analysis and commodities news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 10:36 PM PDT

By ForexMansion.com
 
The USD/CAD pair rose on Tuesday after the BOC decided to leave the benchmark interest rates unchanged and signaled it expects the rising value of the Canadian dollar to hurt economic growth in Canada and weigh down on inflation.
Canada also released the international merchandise trade for the month of February, where the trade balance showed a flat estimate, worse than the expected surplus of 0.5 billion CAD, where this indeed highlights the negative impact of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 12 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 1.6272, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6427, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8896 and GBP/JPY rising 0.66% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 12 Apr 2011 09:55 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.2996, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.2960, Tuesday&rsquo;s low, and resistance at 1.3189, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.03% to hit 1.4482 and EUR/JPY rising 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 12 Apr 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8974, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 0.8942, Tuesday&rsquo;s low, and resistance at 0.9166, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.4473 and USD/JPY rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 09:19 PM PDT

By ForexMansion.com

 
The NZD/USD pair had wild day today, breaking back below the 0.78 mark, only to bounce back up – forming a massive doji. Add to that the fact the 0.78 area is the magnet, and the pair looks like it is trying to find direction at the moment. The sell signal is a break lower than today's lows. The buy signal is a break of today's high.

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 – EUR/GBP Down During The Asian Session

Posted: 12 Apr 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Wednesday.<br/><br/> EUR/GBP was trading at 0.8903, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.8758, Friday&rsquo;s low, and resistance at 0.8916, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.4472 and EUR/JPY rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 12 Apr 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 83.96, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 83.47, Tuesday&rsquo;s low, and resistance at 85.39, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.4475 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 08:16 PM PDT

By ForexMansion.com

 
The AUD/NZD pair fell again today, breaking the important 1.34 level, and signaling a larger sell off. The pair now looks very weak for the short –term. Of course, it is in a massive uptrend, so selling should be done with caution. Support could come into play at 1.32 and 1.30 as well. There is no real buying signal at the moment. Patient traders can wait until we test and prove one of the support areas to buy.

Originally posted here
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USD/CAD Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 08:15 PM PDT

By ForexMansion.com

 
The USD/CAD pair rose today, only to find trouble at the 0.9650 area. The pair may in fact keep rising as oil prices are currently falling around the world. The Canadian dollar tends to be particularly sensitive to oil prices as so much of it flows out of Canada. However, let's remember that we are still in a long-term downtrend, and wait until we get to 0.97 to look for shorts. A break of the lows also signals another round of weakness.

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


Forex – USD/CAD Up In Asian Trading Hours

Posted: 12 Apr 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9630, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.9527, Friday&rsquo;s low, and resistance at 0.9656, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.03% to hit 1.4473 and GBP/USD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


11 Comeback Cities For 2011

Posted: 12 Apr 2011 08:01 PM PDT

Downtown Flint, Michigan.

Kiplinger — “Hundreds of cities across the country were hammered by the recession, many experiencing double-digit declines in employment, throwing thousands of their residents out of work.

For some particularly hard-hit metro areas, 2011 will bring a dramatic turnaround — new investment by businesses, growth in the number of jobs and a reblooming of hope.

Recovering all the ground they lost will take years and many of the cities are still suffering with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 08:00 PM PDT

By ForexMansion.com

 
The GBP/USD pair had another bearish day today, as the market fell to settle around the 1.6250 level, a minor area of support. At the end of the day, we formed a large red candle however, and this looks like we are going to start pushing lower as this pair has been range bound with a bullish bias. A pullback to 1.60 would certainly bring in new buyers as it has every time recent. If the pair breaks lower than 1.60 – it's an ugly future. By waiting, you should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/JPY Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 07:47 PM PDT

By ForexMansion.com

 
GBP/JPY formed a massive red candle today, and is presently looking to test the all-important 135.50 area. This area marks the start of the break out, and needs to hold to continue the massive buying we have seen over the last few weeks. Because of the candle, it is hard to buy at this point. Let the market decide over the next day or two if this level holds. If it does – this will be a classic technical analysis play on a break out and retest move. Remember, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 12 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 1.0445, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.0391, Tuesday&rsquo;s low, and resistance at 1.0583, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.09% to hit 1.3860 and AUD/JPY rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 12 Apr 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4462, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4519, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8899 and EUR/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Technical Analysis For April 13, 2011

Posted: 12 Apr 2011 06:50 PM PDT

By ForexMansion.com

 
EUR/CHF had a fairly bearish day today, forming a red candle after recent consolidation. The pair has peaked below the 1.30 area, which is important support. We haven't completely cleared it however this recent development doesn't look good overall. While it appears to be leaning in favor of the sellers, tomorrow's candle will need to be seen before a signal is apparent.

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


Forex – EUR/JPY Up During Asian Trade

Posted: 12 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 121.52, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 120.16, Tuesday&rsquo;s low, and resistance at 123.33, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.08% to hit 1.4465 and EUR/GBP falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sold All Kinds Of Stuff

Posted: 12 Apr 2011 06:24 PM PDT

As many readers know, I am a full-time public school teacher with a very thin amount of *personal reflection time* during the hours the stock market is open and trading.  During this morning’s precious metal volatility I looked at the 25 or so positions I have in the three accounts I manage and said to myself, “too many positions, too complicated to keep track of with little to no time to be optimally effective - enough”.

Gold had made a swing high signalling the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Robinsons Land Corporation (RLC) Poised For A Move North

Posted: 12 Apr 2011 05:58 PM PDT

John Gokongwei-led Robinson's Land Corporation or RLC in the Philippine Stock Exchange had been trading on a downward slope since November 2010. Recently, though, it is showing some signs of a possible reversal.
Since peaking at above PHP 18.00 last year, RLC's move south accelerated when it broke down from a head and shoulders pattern. Eventually, it found itself at a low of PHP 11.00. During the last two months, however, RLC has been showing some signs that the market could start to pick … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up During The Asian Session

Posted: 12 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 136.88, up 0.74% at time of writing.<br/><br/> The pair was likely to find support at 135.72, Tuesday&rsquo;s low, and resistance at 140.02, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.11% to hit 1.6275 and EUR/GBP falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Piotroski F-Score: Reviewing Joseph Piotroski’s Accounting-based Value Investing Screen

Posted: 12 Apr 2011 01:46 PM PDT

In Brief 
The Piotroski F-Score aims to identify the healthiest companies amongst a basket of value stocks through applying a set of nine accounting-based stock selection criteria.
Background to the F-Score
Joseph Piotroski is now associate professor of accounting at the Stanford University Graduate School of Business. He developed the F-Score back in 2000 while at the University of Chicago. Piotroski recognized that, although it has long been shown that value stocks (or high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Barry Ritholtz Goes Long Citigroup – Update

Posted: 12 Apr 2011 10:26 AM PDT

This is an update to our post here . Lets have another look.

For the Affirmative:
1) Red 45 degree line break is imminent
2) TrendStatus positive, above ZERO. Confirmed
3) Hurst Cycle break of zero, imminent.
4) Financial sector may get a boost as other sectors are too expensive.
5) JPM earnings this Friday could boost the Financial sector, if this happens Citigroup(C) will skyrocket in our view.

For the Negative:
1) Volume not exciting (not shown, could not fit it in screen capture tool)
2) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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