USD/CAD Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 03:00 AM PDT By ForexMansion.com The USD/CAD pair extended its drop on Friday to reach the lowest level in three and a half years, as rising oil prices pushed the USD/CAD pair to the downside, however, the USD/CAD pair rebounded slightly to the upside after a mixed jobs report from Canada, where Canadian companies shed 1.5 thousand jobs in March, nevertheless, the unemployment rate dropped to 7.7 percent in line with expectations. The economic calendar is empty on Monday from both the U.S. economy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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AUD/USD Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:59 AM PDT By ForexMansion.com Still the Australian dollar continues its upside movement vs. the US dollar, where the AUD/USD pair recorded a new historic high at 1.0537 on Friday, as the outlook for Australian economic growth is improved, along with the RBA sees that the higher currency strategy is a suitable one to help the economy to curb inflation rates. On the other hand, the Aussie headed for a third weekly gain against the greenback, as the market’s expectations that noted the Feds will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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NZD/USD Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:58 AM PDT By ForexMansion.com The Kiwi gained vs. the greenback, recorded the highest level at 0.7833 in 4 months, as the investors returned to carry trades to the markets, pushing traders to buy high yielding currencies such as the New Zealand currency. While the NZ dollar rose versus the Japanese yen as Asian stock market fueled, spurring demand for higher-yielding assets. The Kiwi has headed for a third weekly gain against the US dollar last week, on speculation Federal Reserve officials … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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USD/CHF Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:57 AM PDT By ForexMansion.com Both Swiss and US economies lack fundamentals today which suggests that the pair’s movement are going to be within narrow range, where the general direction will probably be to the upside after the recent improvement in US data and announcement by the Fed that they may raise interest rate. Later in the week, strong movements in the pair are expected to take place with the release of important data from the United States that includes inflation, jobless claims and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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AUD/NZD Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:54 AM PDT By ForexMansion.com The AUD/NZD pair returned to rise with the end of last week to erase some of the losses recorded before. The pair expected to rise on the short term because of the improved outlook for the Australian economy compared with the New Zealand economy. The Reserve Bank of Australia kept the interest rates steady at 4.75% due to concerns about the negative impact of natural disasters on the Australian economic growth rates. On the other hand, unemployment rates in Australia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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USD/JPY Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:48 AM PDT By ForexMansion.com The carry trades dominate the Japanese yen trading, as investors sell low yielding currencies like the yen and buy high yielding currencies, the fact that prompted the yen to drop against the dollar and other major currencies. The dollar extended its rally against the yen and reached a new 6-month high at 85.51. The Japanese yen is facing a strong selling storm that started 3 weeks ago, driving the yen down against all major currencies. The USD/JPY is expected to show … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Natural Gas Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:41 AM PDT By CommoditiesMansion.com Natural gas prices continued to drop during last week amid expectations of warmer weather conditions in the United States, which would weigh down on demand levels, we should expect natural gas prices to continue to drop, so long as temperatures remain above their normal average for this time of the year. Originally posted here Read more about commodities technical analysis, commodities fundamental analysis and commodities news on CommoditiesMansion.com About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Natural Gas Weekly Outlook For April 11, 2011-April 15, 2011 Posted: 09 Apr 2011 02:40 AM PDT By CommoditiesMansion.com Natural gas prices took a downside trend last week after the EIA report for natural gas inventories showed inventories declined below expectations, which put downside pressure on natural gas prices, while expectations of warmer than normal weather conditions continued to push natural gas prices lower, where expectations show that temperatures will be higher than normal for this time of the year. The general trend for natural gas prices remain to the downside, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Crude Oil Weekly Outlook For April 11, 2011-April 15, 2011 Posted: 09 Apr 2011 02:40 AM PDT By CommoditiesMansion.com Crude oil prices rose last week above $111 a barrel, the highest level since September 2008, where the ongoing political tension in the Arab world, a region rich of oil reserves, boosted crude oil prices amid concerns over the supply of oil from Libya, where news emerged that oil fields were attacked, which led oil prices to rise heavily. Meanwhile, we should expect the tensions in the Middle East and North Africa to continue to dominate crude oil movement next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Crude Oil Daily Outlook For April 11, 2011 Posted: 09 Apr 2011 02:39 AM PDT By CommoditiesMansion.com Crude oil prices continued to move higher last week, where crude oil prices rose above $111 a barrel and were near $112, marking the highest level since September 2008, where the ongoing tension in Libya continued to push oil prices higher, as news emerged that oil fields were a target of bombings, which ignited fears over the supply of oil. We should expect oil prices to continue moving to the upside, so long as the political unrest in the oil-rich Middle East … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Oil Technical Analysis For The Week Of April 11, 2011 Posted: 09 Apr 2011 02:36 AM PDT By CommoditiesMansion.com Light Sweet Crude The CL broke out this week, easily clearing the $110 mark and now appears to have its sights set on a move to $120 or higher. There is a floor at $110 and this market can only be bought at this point in time. Buying on the dips is preferred, as opportunities could present themselves at the $110 mark for the patient trader. Brent Brent had an almost identical week as it settled above the $126 level. This means that $120 area should now be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Gold Technical Analysis For The Week Of April 11, 2011 Posted: 09 Apr 2011 02:36 AM PDT By CommoditiesMansion.com Gold broke through its all-time highs this past week as the US dollar continues to weaken. Because of this, the metal will be seen as a way to combat a falling USD in a world of uncertainty – which helps gold climb in value as well. $1,500 seems all but a certainty at this point in time, and $1,450 should be supportive. Buying on pullbacks in this market is still the only option. Originally posted here Read more about commodities technical analysis, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Gold Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:35 AM PDT By CommoditiesMansion.com Gold broke through its all-time highs as the traders piled into the market. The metal is seen as a resource to protect against the weakening USD, and this is a great time to be buying it for that reason. The metal is to be bought, and not sold at this point as there are absolutely no hints of weakness at all. It appears that we are heading to $1,500 an ounce in very short order as we closed the market at the highs for the day, gaining $17 per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Natural Gas Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:34 AM PDT By CommoditiesMansion.com Natural gas markets continue look bearish today, although it should be noted that the daily bar is forming a bit of a hammer at the all-important $4 level. In order to get bullish on this market again, we will have to see $4 hold as support. A break below this area would be devastating to the price of natural gas. If the area holds, we could see a $0.25-$0.50 bounce as we retest the latest bull move. Originally posted here Read more about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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Oil Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:33 AM PDT By CommoditiesMansion.com Light Sweet Crude The CL broke out today, easily clearing the $110 mark and pushing all the way to $113 by the end of the session. There is certainly now a floor at $110 and this market can only be bought at this point in time. Buying on the dips is preferred. Brent Brent had an almost identical day today as it gained over $4 to settle above the $126 mark. This shows that the $120 should now be a floor for price, and buying on the pullbacks should be the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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EUR/USD Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:32 AM PDT By ForexMansion.com The EUR/USD pair had a massively bullish day today. As the 1.4250 resistance level and the trend line break was confirmed, this pair looks like it is in a new cyclical bull market, and it has entered into the realm of buying on the dips, and not shorting anymore. Originally posted here Read more about Forex technical analysis, Forex fundamental analysis and Forex news on ForexMansion.com About ForexMansion.com: www.ForexMansion.com is a part of the Finance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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AUD/USD Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:31 AM PDT By ForexMansion.com The AUD/USD pair formed an extremely bullish candle today, showing even more buying momentum as the pair is simply skyrocketing. 1.05 has been broken through, and our original target of 1.07 is still viable and in fact coming soon. A pullback could happen, but should only present a buying opportunity as this pair is simply too strong to short. 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  
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GBP/USD Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:28 AM PDT By ForexMansion.com The GBP/USD pair had a bullish day today, as the market retested the 1.6350 level, a major area of resistance. At the end of the day, we formed a shooting star. Because of this, it looks as if the pair could pullback from this level. Noting that the pair has a history up here, that wouldn't be too surprising. A pullback should present buying opportunities as the strength is still with the bulls overall. Originally posted here Read more about Forex technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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USD/CAD Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:26 AM PDT By ForexMansion.com The USD/CAD pair has printed a hammer today, after breaking below the 0.96 level yesterday. Because of this, the pair looks slightly bullish, but only for the very short-term as it will probably be ripe for another pullback. Selling on rallies below 0.97 is suggested, as going long is simply going against the strength of the market 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  
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EUR/JPY Technical Analysis For April 11, 2011 Posted: 09 Apr 2011 02:24 AM PDT By ForexMansion.com EUR/JPY shows signs of strength again today as it formed a green candle. The 120 level below us looks to act as support as traders continue to buy this pair. However, a pullback is desperately needed if you are to go long. Look to buy a pullback to 120, if and when it comes. Otherwise, you are simply chasing this pair. A short isn't possible as the central banks are lurking down below somewhere and at unknown levels. Originally posted here Read more about Forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards  
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The Week Ahead: Earnings, US Retail Sales, US PPI, US CPI, U. Of Michigan Consumer Sentiment, China Q1 GDP Posted: 08 Apr 2011 09:00 PM PDT |
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