Wednesday, May 11, 2011

DailyMarkets.com - Corn Futures Advance As USDA Supply Report Eyed

DailyMarkets.com - Corn Futures Advance As USDA Supply Report Eyed

Corn Futures Advance As USDA Supply Report Eyed

Posted: 11 May 2011 03:03 AM PDT

Forex Pros – utures Pros &ndash; Corn futures were up for a third day on Wednesday, amid ongoing concerns over deteriorating U.S. corn crop conditions and as markets awaited the release of a key monthly report on U.S. and global corn supplies. <br /><br />On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD7.1112 a bushel during European morning trade, climbing 0.6%. <br /><br />It earlier rose by as much as 0.74% to a daily high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Slips Amid Greece Debt Uncertainty

Posted: 11 May 2011 02:30 AM PDT

Forex Pros – The euro was down against the pound on Wednesday, slipping to a daily low, weighed by uncertainty over whether Greece will need supplementary financial aid.<br /><br />EUR/GBP hit 0.8770 during European morning trade, the daily low; the pair subsequently consolidated at 0.8778, shedding 0.48%.<br /><br />The pair was likely to find support at 0.8719, Tuesday&rsquo;s low and a one-month low and resistance at 0.8897, the high of May 6.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil And Gold Track S&P 500, Look To Fed Officials’ Comments For Direction

Posted: 11 May 2011 02:18 AM PDT

Commodities – Energy
Oil Meets Key Resistance, Looks to Fed-speak for Direction
WTI Crude Oil (NY Close): $103.88 // +1.33 // +1.30%
Prices have recovered to test the 50% Fibonacci retracement of the drop from the May 2 high at $104.73. A break above this level exposes the 61.8% Fib at $107.10. Near-term support lines up at $102.35, the 38.2% level.
Sentiment trends remain in focus, with the WTI contract tracking closely with the S&P 500 benchmark stock index. Stock index futures are flat … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Edge Higher On Earnings; DAX Up 0.5%

Posted: 11 May 2011 02:06 AM PDT

Forex Pros – European stock markets were up on Wednesday, as strong corporate earnings results and brokerage upgrades boosted market sentiment, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 climbed 0.3%, France&rsquo;s CAC 40 added 0.15%, while Germany’s DAX 30 gained 0.5%. <br /><br />Italian luxury goods producer Bulgari saw shares climb 0.8% after it swung to a first quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/$ Hourly Consolidation B/w 1.44177 And 1.43777

Posted: 11 May 2011 02:04 AM PDT

BOE inflation report is due out in less than a half hour. Maybe that will stur the market a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Goods Trade Deficit Widens More-than-expected

Posted: 11 May 2011 01:36 AM PDT

Forex Pros – The U.K.&rsquo;s goods trade deficit widened more-than-expected in March, official data showed on Wednesday.<br /><br />In a report, the U.K. Office for National Statistics said the country’s goods trade deficit widened to a seasonally adjusted GBP7.7 billion in March, compared to a deficit of GBP7.0 billion in February, whose figure was revised from a deficit of GBP6.8 billion. <br /><br />Economists had expected the goods trade deficit to widen to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower While Greece Uncertainty Hurts Euro

Posted: 11 May 2011 01:35 AM PDT

Forex Pros – The U.S. dollar was lower against most of its major counterparts on Wednesday, while the euro slipped amid uncertainty over whether Greece would need further financial assistance.<br /><br />During European morning trade, the greenback was higher against the euro, with EUR/USD slipping 0.09% to hit 1.4395.<br /><br />But the greenback was lower against the pound, with GBP/USD easing up 0.15% to hit 1.6390.<br /><br />Earlier Wednesday, official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Eases Off 4-day High On China Tightening Concerns

Posted: 11 May 2011 01:19 AM PDT

Forex Pros – Crude oil futures edged lower on Wednesday, pulling back from a four-day high after stronger-than-expected inflation data from China fuelled concerns the country would step up its monetary tightening policy. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded at USD103.58 a barrel during European morning trade, easing down 0.11%.&nbsp; <br /><br />It earlier fell by as much as 0.4% to a daily low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits Daily High Ahead Of BoE Inflation Report

Posted: 11 May 2011 01:07 AM PDT

Forex Pros – The pound edged higher against the U.S. dollar on Wednesday, rising to a daily high ahead of the Bank of England&rsquo;s quarterly inflation report later in the day.<br /><br />GBP/USD hit 1.6412 during European morning trade, the daily high; the pair subsequently consolidated at 1.6397, gaining 0.19%.<br /><br />Cable was likely to find short-term support at 1.6269, Monday&rsquo;s low and a three-week low and resistance at 1.6543, the high of May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Slips As BoJ Intervention Appears Unlikely

Posted: 11 May 2011 12:50 AM PDT

Forex Pros – The U.S. dollar pulled back from a five-day high against the yen on Wednesday, re-approaching the psychologically important 80.00 level as Japan appeared unlikely to intervene to stem the yen&rsquo;s gains.<br /><br />USD/JPY eased off 81.08, the pair&rsquo;s highest since May 4, to hit 80.71 during early European trade, slipping 0.18%.<br /><br />The pair was likely to find support at 80.04, the low of My 6 and resistance at 81.68, the high of May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Hit 1-week High On China Inflation, EU Debt Fears

Posted: 11 May 2011 12:29 AM PDT

Forex Pros – Gold futures were up for a fourth day on Wednesday, climbing to a one-week high as the appeal of the precious metal was boosted amid concerns over China&rsquo;s high inflation and lingering fears over the euro zone&rsquo;s sovereign debt crisis. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,523.15 a troy ounce during late Asian trade, climbing 0.48%.&nbsp;&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Pulls Back From 3-day High After Bollard Remarks

Posted: 11 May 2011 12:27 AM PDT

Forex Pros – The New Zealand dollar eased off a three-day high against its U.S. counterpart on Wednesday, after Reserve Bank of New Zealand Governor Alan Bollard said the said the currency was &ldquo;undesirably high&rdquo;.<br /><br />NZD/USD retreated from 0.7969, the pair&rsquo;s highest since last Friday, to hit 0.7940 during late Asian trade, slipping 0.13%.<br /><br />The pair was likely to find support at 0.7833, last Friday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 6-day High, Boosted By Rate Outlook

Posted: 11 May 2011 12:01 AM PDT

Forex Pros – The Australian dollar climbed to a six-day high against its U.S. counterpart on Wednesday, supported by expectations that the Reserve Bank will raise interest rates in the coming months.<br /><br />AUD/USD hit 1.0878 during late Asian trade, the pair&rsquo;s highest since May 3; the pair subsequently consolidated at 1.0861, gaining 0.23%.<br /><br />The pair was likely to find support at 1.0735, Tuesday&rsquo;s low and resistance at 1.0951, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes 5.11.2011: The US Dollar Sliding Into The European Session

Posted: 10 May 2011 11:54 PM PDT

The USD has been on a recovery path. Heading into today's European session however, we see it reverting back to being pressured across the board. Let's take a look at some greenback-crosses:
EUR/USD, GBP/USD, USD/JPY – The EUR/USD is coming off a bearish impulse wave with an extended 5th. This means it is in a corrective mode. The market did develop a pivot at the 1.0380 mark, treating it as resistance in the US session, and breaking above it late in the session. The Asian session then … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Rise As Commodity-linked Shares Gain; Nikkei Up 0.46%

Posted: 10 May 2011 11:47 PM PDT

Forex Pros – Asian stock markets were broadly higher on Wednesday, as rising commodity prices boosted raw material shares, while markets took in stride news that China&rsquo;s inflation rate rose slightly more-than-expected in April.&nbsp; <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index edged 0.12% higher, South Korea’s Kospi Composite jumped 1.25%, while Japan&rsquo;s Nikkei 225 Index climbed 0.46%. <br /><br />Earlier in the day, official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Inches Higher But Debt Concerns Weigh

Posted: 10 May 2011 11:32 PM PDT

Forex Pros – The euro edged higher against the U.S. dollar on Wednesday, inching up to a two-day high, but ongoing uncertainty over the region&rsquo;s debt crisis dented sentiment towards the single currency.<br /><br />EUR/USD hit 1.4423 during late Asian trade, the pair&rsquo;s highest since Monday; the pair subsequently consolidated at 1.4414, easing up 0.03%.<br /><br />The pair was likely to find support at 1.4269, Tuesday&rsquo;s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Support @ 1.43837

Posted: 10 May 2011 11:05 PM PDT

Not much action tonight so far. On a 15 minute chart we find some EUR/$ support at 1.43837; the 38.2% fibo line on the move from yesterdays low to today's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Alliance Resource Partners, L.P.

Posted: 10 May 2011 11:02 PM PDT

Alliance Resource Partners, L.P. (NASDAQ:ARLP) recently reported record first quarter revenues and earnings per unit, which came in 9% above the Zacks Consensus Estimate. It was ARLP’s second consecutive positive earnings surprise.
Analysts have been revising their estimates significantly higher off the strong quarter, which has sent the stock to a Zacks #2 Rank (Buy).
As the partnership has been posting record financial results, it has also been consistently raising its distributions. It currently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Sally Beauty Holdings

Posted: 10 May 2011 11:02 PM PDT

Sally Beauty Holdings, Inc. (NYSE:SBH) recently posted its fifth consecutive earnings surprise, thanks to strong same-store-sales growth.
Analysts moved estimates higher, keeping valuations in check and giving SBH a Zacks #1 Rank (Strong Buy).
Company Description
Sally Beauty is a beauty retailer with over 4,000 stores, in addition to outside sales consultants, in North America and Europe.
Earnings Jump 43%
On May 5 Sally Beauty released quarterly results that showed an 11% rise in net sales, to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: The Williams Companies (WMB)

Posted: 10 May 2011 11:02 PM PDT

Buoyed by strong operating results and an enhanced guidance by management, we are upgrading The Williams Companies (NYSE:WMB) to Outperform from Neutral. We like the company’s strong business mix, attractive growth opportunities in its low-risk upstream model and relatively stable fee-based midstream services.
We also think that the just-concluded consolidation program will allow Williams to simplify its structure, pay down debt, drive growth and unlock value for shareholders. Furthermore, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Universal Tech Institute (UTI)

Posted: 10 May 2011 11:02 PM PDT

Universal Technical Institute’s (NYSE:UTI) average enrollment of the educational institute rose 8.5% in the first quarter but dropped 690 basis points sequentially. Moreover, the rate of fall in the new enrollments accelerated to 13% during the quarter, following a decline of 5% in fourth-quarter 2010.
Management warned that enrollment of new students for fiscal 2011 will be below the prior-year level due to regulations proposed by the Department of Education, and will consequently result in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Tupperware Brands Corp

Posted: 10 May 2011 11:02 PM PDT

Tupperware Brands Corp (NYSE:TUP) just spiked into a new multi-year high after reporting a healthy 6% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock is a fresh pick for momentum.
Company Description
Tupperware Brands sells a wide range of Tupperware products through various sales channels. The company was founded in 1996 and has a market cap of $4.12 billion.
We got an update on TUP’s business on April 27 when the company reported strong Q1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 10 May 2011 10:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4389, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4588, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8800 and EUR/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 10 May 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6360, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.6271, Monday&rsquo;s low, and resistance at 1.6464, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8800 and GBP/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 10 May 2011 09:55 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.2664, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.2485, Monday&rsquo;s low, and resistance at 1.2749, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.11% to hit 1.4393 and EUR/JPY falling 0.14% 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: 10 May 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 0.8798, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 0.8678, Friday&rsquo;s low, and resistance at 0.8824, Tuesday&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 0.03% to hit 1.4404 and USD/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WTI Crude Oil To Slip Again?

Posted: 10 May 2011 09:12 PM PDT

WTI crude oil suffered an unprecedented fall last week when it was dropped like it was hot from a high of $114.81 per barrel to a low of $94.65 in a matter of days. Since then oil prices have rebounded again. However, it appears that oil could bound for another dip in the near term.
As you can see from its 4-hour chart above, WTI crude oil looks to have formed a rising wedge pattern in its recent run-up. Technicians consider this this pattern as bearish since it generally just indicate a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session

Posted: 10 May 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Wednesday.<br/><br/> EUR/GBP was trading at 0.8797, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8720, Tuesday&rsquo;s low, and resistance at 0.8899, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.4401 and EUR/JPY falling 0.07% 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: 10 May 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.88, down 0.001% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday&rsquo;s low, and resistance at 81.09, 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 0.11% to hit 1.4393 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Wednesday 11 May

Posted: 10 May 2011 08:28 PM PDT

Morning Highlights

Singapore market climbs slightly in early trading, with STI up 11.71 points to open at 3167.97. Wall Street shares gained overnight amid dealmaking in the technology sector.
Economic News Release For Thursday 12th May:

Manufacturing Data of the U.K. and Eurozone

Bank of England Inflation Report

Australia Employment Data

U.S. April Retail Sales and PPI Data

The Monetary Policy Meetings of Bank Indonesia

Economic News Release For Friday 13th May:

U.S. CPI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In Asian Trading Hours

Posted: 10 May 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9561, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.9556, today&rsquo;s low, and resistance at 0.9702, Friday&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 0.10% to hit 1.4394 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up During Asian Trade

Posted: 10 May 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 1.0848, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.0612, Friday&rsquo;s low, and resistance at 1.0872, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.22% to hit 1.3268 and AUD/JPY rising 0.10% 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: 10 May 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 1.4402, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4588, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8796 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade

Posted: 10 May 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday.<br/><br/> EUR/JPY was trading at 116.63, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 114.80, Tuesday&rsquo;s low, and resistance at 117.59, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.001% to hit 1.4409 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Not All Bad?

Posted: 10 May 2011 06:21 PM PDT

Are things really that bad?
Sure, there’s plenty of negative news out there, including reports like these:
“New Breed of Americans Going Hungry” (USA Today)
The recession may officially be over, but Sonia Cruz of Issaquah, Wash., a suburb of Seattle, still finds herself having to say “no” to many things.
No to the kids’ request to go to the movies with friends. No to $1 Redbox movies. And definitely no to those trips to Cold Stone Creamery for ice cream.
“There’s no way we can afford that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is The Rare Earth Bubble Ready To Pop?

Posted: 10 May 2011 06:17 PM PDT

by Raghu Gullapalli -  SmartStops.net contributor
Symbols mentioned:   MCP, SLV, GLDThe weakening dollar has helped erase some of last week's weakness in commodities.
Silver lost nearly 30% and Gold 10% of their respective values . Leading many experts to believe the commodity bubble has popped. But after a rather tumultuous week, the precious metals have started their upward trend again. Many could argue that the Gold bubble has been building for nearly 10 years now and that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will Thor Lift Disney?

Posted: 10 May 2011 06:17 PM PDT

by Raghu Gullapalli -  SmartStops.net contributor
Symbol:  DIS
Disney (DIS) comes out with earnings after the close today and many wonder if the much-ballyhooed takeover of comic book shop Marvel is about to start paying for itself. The movie, Thor, had a strong weekend debut. It claimed the top spot at the box office, raking in $66 million. Through the summer many of the company's blockbuster franchises will have new releases; Pirates of the Caribbean & Captain America.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down During The Asian Session

Posted: 10 May 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Wednesday.<br/><br/> GBP/JPY was trading at 132.37, down 0.001% at time of writing.<br/><br/> The pair was likely to find support at 131.25, Monday&rsquo;s low, and resistance at 132.79, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.001% to hit 1.6367 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:41 PM PDT

By ForexMansion.com

 
The USD/JPY rose today, forming a bullish candle that looks like we are holding the 80 level, which is absolutely vital to keep the Yen from appreciating too much. The central banks are waiting below, and if the market goes too much lower – they will be noticing that move certainly. Because of this, buying is the only direction. We are long if today's highs are broken. We are short under no circumstances at all.

Originally posted here
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USD/CHF Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:40 PM PDT

By ForexMansion.com

 
The USD/CHF rose today but failed to rise above the 0.88 level – a resistance level by our measurements. Looking at this pair, it is possible that we may see a continuation of the bounce, but the trend is long from being changed. We are looking to sell rallies as this market is decidedly bearish.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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USD/CAD Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:39 PM PDT

By ForexMansion.com

 
The USD/CAD fell today, confirming the sell signals we say last night. The 0.97 continues to be too strong for buyers, and should be considered a major area now. The pair closed at the very bottom of the range, which is also very bearish. With the oil markets showing such strength over the last 24 hours, this can hardly be a surprise. Look to sell any rallies.

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

NZD/USD Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:38 PM PDT

By ForexMansion.com

 
The NZD/USD rose today and still appears to be bullish. Having said that, the pair is still stuck between 0.78 and 0.80 levels that form this consolidation range. The pair still remains a pair with a bullish bias, but can be traded on the short-term charts with those two levels in mind.

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

GBP/USD Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:38 PM PDT

By ForexMansion.com

 
The GBP/USD fell today, but formed a bullish hammer at the all-important 1.64 level for the second day in a row. This looks very bullish as a double-hammer isn't something you see every day. The highs of today and yesterday would signal a buying move, and should see us racing back towards the recent highs. Until we are below 1.60 – we aren't selling.

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

GBP/JPY Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:37 PM PDT

By ForexMansion.com

 
The GBP/JPY rose today, continuing to hold at the 130 area. The area has been a support and resistance area in the past, and continues to have an effect on price. The market needs to show us more strength before we buy this pair. Remember, the central banks are sitting just below this level. Buying is the only direction that you can take, but waiting for a stronger move wouldn't be a bad idea.

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

GBP/CHF Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:36 PM PDT

By ForexMansion.com

 
The GBP/CHF rose today, and is pressing up against a significant resistance area at the 1.44-1.45 level. The market is decidedly bearish, so we are not buying even though the candle looks very strong. In fact, we are simply waiting for a sign of weakness to sell this market. Because of this, we are sitting on our hands until we see that sign, either here or at 1.47 as well.

Originally posted here
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EUR/USD Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:35 PM PDT

By ForexMansion.com

 
The EUR/USD fell today again, but ended the day forming a hammer for the second day in a row and just above the 1.4350 area. This shows more underlying strength in this currency and that the USD may begin to fall again. Even with the concerns in Greece, the currency simply doesn't want to go down. This is looking stronger by the day.

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

EUR/JPY Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:34 PM PDT

By ForexMansion.com

 
The EUR/JPY had a strong day today, bouncing hard from the 115 level. This level was an absolute necessity to continue the bullish tone overall. The central banks are below, and the market knows it. Because of this, a buy is the only way to go. On a break of today's highs – we will be long this pair.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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EUR/GBP Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:33 PM PDT

By ForexMansion.com

 
The EUR/GBP rose today, and is treading water at the all-important 0.88 level. This area is very important for the bulls to regain control, as if it gives – the support shall certainly fall apart. The market looks like it is trying to struggle and build a base here for another bullish run. If we break today's highs, we could see an attempt at the 0.90 level before it is all said and done. A break of today's lows gets us very bearish. This level should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:32 PM PDT

By ForexMansion.com

 
The EUR/CHF rose today, and in a strong manner. The pair looks like it wants to hold the 1.23 support level, and that we might be running towards the 1.28 resistance level. This area could be the resistance area that allows the bears to sell again as the trend is still down. The larger picture shows a consolidation with a down side risk.

Originally posted here
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AUD/USD Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:31 PM PDT

By ForexMansion.com

 
The AUD/USD rose for the fourth day in a row today, closing at the highs. Action like this is always very bullish, and there should be no question as to whether or not the 1.05 area is now a floor – it is. Buying on any pullbacks should increase your odds of success trading this pair.

Originally posted here
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AUD/NZD Technical Analysis For May 11, 2011

Posted: 10 May 2011 05:30 PM PDT

By ForexMansion.com

 
The AUD/NZD still seems to be consolidating, and perhaps with a slightly bullish bias in the meantime. However, the market also seems to be drifting around, and we believe that there are better pairs to be playing at the moment. Because of this – we are waiting to see a large move in one direction or another before buying or selling.

Originally posted here
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USD/CAD Daily Fundamental Analysis For May 11, 2011

Posted: 10 May 2011 03:41 PM PDT

By ForexMansion.com
The USD/CAD pair declined on Tuesday as concerns over the European debt crisis eased amid speculations Greece will avoid restructuring its debt, while rising commodity prices boosted the Canadian dollar and pushed the USD/CAD pair to the downside.
Import prices in the United States rose above expectations in March, as food and energy prices rose strongly amid the political tensions in the Middle East and North Africa regions, while wholesale inventories also rose above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – A Slight Wave Of Optimism Spread In Markets, But Trading Remains Cautious.

Posted: 10 May 2011 11:11 AM PDT

By ForexMansion.com
Mixed sentiments continued to dominate financial markets on Tuesday, where rising trade surplus in China supported global confidence, moreover, investors' concerns eased over the outlook of the European debt crisis after speculations mounted that Greece will avoid restructuring its debt.
Meanwhile, the import price index was released from the United States for the month of March, where import prices rose above expectations due to the recent rise in food and oil prices, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Daily Fundamental Analysis For May 11, 2011

Posted: 10 May 2011 10:05 AM PDT

By ForexMansion.com
The EUR/USD continued to fluctuate on the back of the debt crisis that is back haunting the euro area amid the lack of major fundamentals.
Greece remains the hot topic for Europe as investors speculate the next move for the EU and the ECB amid the debt pressures and fears of default and rescheduling for Greece.
We saw reports suggesting the nation was in talks already for a new bailout, which Reuters quoted a source dismissing the rumors. The nation also eased the woes with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Daily Fundamental Analysis For May 11, 2011

Posted: 10 May 2011 08:56 AM PDT

By ForexMansion.com
 
Investors will wait for UK inflation report due at 09:30 GMT, yet it will be preceded by important trade balance data at 08:30 GMT. Visible trade deficit is predicted to widen to 7500 billion pounds in March from the prior deficit of 6776 billion pounds. In the US, MBA mortgage applications data for May 6 is due at 11:00 GMT followed by trade balance which is expected to show a widened deficit of $47.0 billion in March from $45.8 billion deficit, whereas the monthly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For May 11, 2011

Posted: 10 May 2011 08:55 AM PDT

By ForexMansion.com
 
While the Swiss economy lacks fundamentals, the US will release trade balance for March at 12:30 GMT followed by monthly budget statement at 18:00 GMT.
Yesterday, the dollar managed to pair its drop against the franc to continue its rebound that started last week after the sell-off in metals and shares had sparked demand on the greenback, where the Swiss franc waned after the release of inflation data which showed that annual CPI for the year ending April retreated to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cycles Say The Bears Are About To Roar

Posted: 10 May 2011 08:42 AM PDT

The Stock market pushes higher and higher, what fool would take a short position against this mighty liquidity pump up, however there are a few dark clouds in the next few months: US Summer is seasonly poor, QE2 ending, earnings are peaking, Greek woes. When the SP500 sinks, historically the US dollar rallies, transports fall and funds rotate out of aggressive stocks to defensive stocks. Let’s review these cycles to see what we can expected next.

Dow Transports: If Transports fall, this can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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