Monday, May 16, 2011

DailyMarkets.com - Corn Futures Hit 3-day High On U.S. Crop Concerns

DailyMarkets.com - Corn Futures Hit 3-day High On U.S. Crop Concerns


Corn Futures Hit 3-day High On U.S. Crop Concerns

Posted: 16 May 2011 03:13 AM PDT

Forex Pros – utures Pros &ndash; Corn futures were up for a third day down on Monday, as persistent rain in key U.S. corn-growing regions threatened to further delay planting in the U.S.<br /><br />On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD6.9125 a bushel during European morning trade, jumping 1.17%. <br /><br />It earlier rose to USD6.9938 a bushel, the highest price since May 11. <br /><br />The Commodity Weather … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Edges Higher But Gains Limited Amid Debt Woes

Posted: 16 May 2011 02:36 AM PDT

Forex Pros – The euro edged higher against the pound on Monday, but gains were limited amid uncertainty ahead of a meeting of European finance leaders on efforts to resolve the region&rsquo;s sovereign-debt problems later in the day.<br /><br />EUR/GBP hit 0.8730 during European morning trade, the daily high; the pair subsequently consolidated at 0.8720, easing up 0.05%.<br /><br />The pair was likely to find short-term support at 0.8672, last Thursday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Tumble On IMF, Greece Woes; DAX Drops 1.1%

Posted: 16 May 2011 02:17 AM PDT

Forex Pros – European stock markets posted sharp losses on Monday, as the arrest of International Monetary Fund chief Dominique Strauss-Kahn for sexual assault over the weekend added to uncertainty surrounding a bailout for Greece, while U.S. futures indexes pointed to a broadly lower open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 sank 1%, France&rsquo;s CAC 40 tumbled 1.3%, while Germany’s DAX 30 dropped 1.1%. <br /><br />Euro … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone CPI Rises In Line With Expectations In April

Posted: 16 May 2011 02:04 AM PDT

Forex Pros – Consumer price inflation in the euro zone rose broadly in line with expectations in April, official data showed on Monday.<br /><br />In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.8% in April, unchanged from a preliminary estimate.<br />&nbsp;<br />Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose more-than-expected in April, increasing by a seasonally adjusted 1.6%, surpassing expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone CPI And Trade Balance In 15 Minutes…

Posted: 16 May 2011 01:45 AM PDT

Forex – Dollar Mixed Vs. Rivals As Euro Zone Debt Woes Persist

Posted: 16 May 2011 01:40 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, while the euro edged higher despite ongoing uncertainty over possible euro zone sovereign debt restructuring.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD easing up 0.18% to hit 1.4144.<br /><br />Euro zone finance ministers were to meet later in the day to discuss further support for Greece which is struggling to meet the terms of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Fall Sharply On Global Demand Concerns

Posted: 16 May 2011 01:27 AM PDT

Forex Pros – Crude oil futures fell sharply on Monday, declining for the first time in three days, as ongoing concerns over a slowdown in global oil demand weighed on prices.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded at USD98.08 a barrel during European morning trade, tumbling 1.35%.&nbsp; <br /><br />It earlier fell by as much as 1.5% to a daily low of USD97.88 a barrel. <br /><br />President … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USD/CHF Through Our Prior Target

Posted: 16 May 2011 01:09 AM PDT

We said before that it looked like .8889 was our downward target. The pair has moved through that level; continued momentum could see the pair advance towards the 38.2% retracement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Erases Losses After U.K. House Prices Rise

Posted: 16 May 2011 12:58 AM PDT

Forex Pros – The pound erased early losses against the U.S. dollar on Monday, edging higher after a report showing that U.K. house prices rose to an almost three-year high in May.<br /><br />GBP/USD clawed back up from 1.6164, the daily low to hit 1.6207 during European morning trade, easing up 0.06%.<br /><br />Cable was likely to find short-term support at 1.6145, Friday&rsquo;s low and a six-week low and resistance at 1.6308, last Friday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Edge Higher On Greece Debt Woes

Posted: 16 May 2011 12:42 AM PDT

Forex Pros – Gold futures edged higher on Monday, climbing to a daily high after the arrest of International Monetary Fund chief Dominique Strauss-Kahn for sexual assault over the weekend added to uncertainty surrounding a bailout for Greece.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,497.25 a troy ounce during late Asian trade, edging 0.16% higher.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Eases Up To Daily High Against Weaker Yen

Posted: 16 May 2011 12:19 AM PDT

Forex Pros – The U.S. dollar advanced to a daily high against the yen on Monday, after Moody’s Investors Service said the trend for credit ratings in the Asia-Pacific region was stable except for Japan. <br /><br />USD/JPY hit 81.06 during early European trade, the daily high; the pair subsequently consolidated at 80.97, gaining 0.23%.<br /><br />The pair was likely to find support at 80.14, the low of May 10 and short-term resistance at 81.32, the high of May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down As Euro Debt Fears Sap Risk Appetite

Posted: 16 May 2011 12:05 AM PDT

Forex Pros – The New Zealand dollar fell to a seven-day low against its U.S. counterpart on Monday, as uncertainty over possible euro zone sovereign debt restructuring dimmed investors’ appetites for growth linked currencies.<br /><br />NZD/USD hit 0.7828 during late Asian trade, the pair&rsquo;s lowest since May 5; the pair subsequently consolidated at 0.7850, shedding 0.27%.<br /><br />The pair was likely to find support at 0.7744, the low of April 12 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Broadly Lower On Greece Fears; Nikkei Drops 0.94%

Posted: 15 May 2011 11:51 PM PDT

Forex Pros – Asian stock markets were broadly lower on Monday, as ongoing concerns over a potential default for Greece&rsquo;s debt weighed on market sentiment, while shares in Tokyo declined after Goldman Sachs downgraded Japanese equities.&nbsp; <br />&nbsp;<br />During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.3%, South Korea’s Kospi Composite declined 0.75%, while Japan&rsquo;s Nikkei 225 Index slumped 0.94%. <br /><br />Earlier in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Nears 3-week Low As Commodities Weaken

Posted: 15 May 2011 11:46 PM PDT

Forex Pros – The Australian dollar was trading close to a three-week low against its U.S. counterpart on Monday, as commodity prices weakened, dampening demand for the commodity linked currency.<br /><br />AUD/USD hit 1.0527 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0551, slipping 0.22%.<br /><br />The pair was likely to find support at 1.0442, the low of April 19 and resistance at 1.0716, last Friday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 6-week Low Amid IMF Uncertainty

Posted: 15 May 2011 11:28 PM PDT

Forex Pros – The euro slid to a six-week low against the U.S. dollar on Monday, after the arrest of International Monetary Fund chief Dominique Strauss-Kahn for sexual assault over the weekend added to uncertainty surrounding a bailout for Greece.<br /><br />EUR/USD hit 1.4048 during late Asian trade, the pair&rsquo;s lowest since March 28; the pair subsequently consolidated at 1.4103, shedding 0.10%.<br /><br />The pair was likely to find support at 1.3868, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Home Loan Approvals Unexpectedly Decline

Posted: 15 May 2011 11:26 PM PDT

Forex Pros – The number of Australian new home loan approvals unexpectedly declined in March, falling for a second month, official data showed on Monday. <br /><br />In a report the Australian Bureau of Statistics said the number of home loans granted fell by a seasonally adjusted -1.5% in March, after tumbling by -4.7% in February, whose figure was upwardly revised from a decline of -5.6%.&nbsp; <br /><br />Analysts had expected the number of home loans granted to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Core Machinery Orders Rise Unexpectedly

Posted: 15 May 2011 11:21 PM PDT

Forex Pros – Japanese core machinery orders rose unexpectedly in March, official data showed on Monday.<br /><br />In a report, Japan&rsquo;s Cabinet Office said core machinery orders rose by a seasonally adjusted 2.9% in March, after declining by -1.9% in February, whose figure was revised from a drop of -2.3%. <br /><br />Economists had expected core machinery orders to plunge by -9.7% in March. <br /><br />The data showed that year-on-year, core … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USD/CHF Testing Daily Resistance @ 50.0% Fibo Level

Posted: 15 May 2011 11:05 PM PDT

It's been a pretty slow session thus far with some comments from ECB's Nowotny on the status of Greece and its involvement going forward with the Euro-zone; we've also seen European stocks open a little lower.
With a session high of .98377, the USD/CHF came awfully close to the 50.0% line on the daily move from April 1st highs to the low on May 4th; Friday's high also tested the .89454 level. If resistance continues to hold, on an hourly chart the next level lower is .8889; the 23.6% on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: J2 Global Communications (JCOM)

Posted: 15 May 2011 11:02 PM PDT

We upgrade our recommendation on j2 Global Communications (NASDAQ:JCOM) to Outperform. We believe j2 Global’s strong financial position and diversified product pipeline, coupled with the future growth prospects of outsourced value-added messaging services, will drive its valuation levels higher in the near future.
The Subscriber Usage revenue continues to beat market expectations. This is an important parameter as credit-sensitive customers constitute a majority of the company’s sales. Exploration … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: PetMed Express (PETS)

Posted: 15 May 2011 11:02 PM PDT

PetMed Express (NASDAQ:PETS) reported a disappointing quarter with EPS of $0.19 missing the Zacks Consensus Estimate of $0.22 and the year-ago quarter’s $0.27. Both gross and operating margins declined due to higher product and advertising costs — a big blow for the company as it depends on advertising to increase its customer base.
Moreover, economic uncertainty is taking a toll on the company, forcing consumers to switch to cheaper alternatives. We do no expect the situation to improve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Northfolk Southern Corporation

Posted: 15 May 2011 11:02 PM PDT

Norfolk Southern Corporation (NYSE:NSC) continues to benefit from strong demand for freight rail transportation due to the rebound in economic activity.
The railroad company recently posted better than expected financial results for the first quarter of 2011, sending analysts’ estimates soaring.
Based on consensus estimates, EPS is expected to grow 25% in 2011 and 15% in 2012. Despite this strong growth, shares trade at just 14.9x forward earnings with a PEG ratio of 0.8.
The company has also been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Fossil, Inc.

Posted: 15 May 2011 11:02 PM PDT

Fossil, Inc. (NASDAQ:FOSL) just gapped higher into a new all-time high after reporting strong Q1 results that included a 30% earnings surprise. With an industry rank of #2 out of 265 and bullish growth projection, this Zacks #1 rank stock is a momentum powerhouse.
Company Description
Fossil, Inc. designs, sells and licenses fashion accessories like watches, wallets and jewelry worldwide. The company was founded in 1984 and has a market cap of $6.5 billion.
We just got an update on Fossils business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Stratasys Inc.

Posted: 15 May 2011 11:02 PM PDT

Stratasys, Inc (NASDAQ:SSYS) had a recent earnings surprise that spurred another round of upward estimate revisions, pushing shares to a Zacks #1 Rank (Strong Buy).
The company should see impressive growth over the next few years, both organically and through the new acquisition.
Company Description
Stratasys makes additive manufacturing machines for prototyping and producing plastic parts.
Record-Setting Quarter
On May 4 Stratasys announced a record high $34.3 million in revenue for the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 15 May 2011 10:40 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4100, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today&rsquo;s low, and resistance at 1.4423, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8712 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Gbp/Usd From A Daily Perspective

Posted: 15 May 2011 10:18 PM PDT

Gbp/Usd has come off considerably from its May 2 high of 1.6736. The pair is trading below the 61.8% fibo retracement of the move up from March 28 low of 1.5935 to aforementioned May 2 high. If the pair can close below its 100 day M/A of 1.6117 a full retracement is likely. The 200 day M/A lies at 1.5918 which should add support if sterling does come off further. If the pair holds the first obstacle to the upside is the 61.8% fibo at 1.6240, with stronger resistance at the 50% of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 15 May 2011 10:15 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6172, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, Friday&rsquo;s low, and resistance at 1.6517, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8709 and GBP/JPY rising 0.05% 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: 15 May 2011 09:50 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.2570, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.2551, Thursday&rsquo;s low, and resistance at 1.2702, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.20% to hit 1.4091 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During The Asian Session

Posted: 15 May 2011 09:20 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8920, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.8784, Wednesday&rsquo;s low, and resistance at 0.8946, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.4092 and USD/JPY rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Netflix Ready For Select Android Smartphones

Posted: 15 May 2011 09:00 PM PDT

05/16/11 Netflix is available on a few select Android smartphones. Owners of several HTC phones and the Samsung Nexus S will be able to enjoy the streaming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down In Asian Trade

Posted: 15 May 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.8708, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.8674, Thursday&rsquo;s low, and resistance at 0.8810, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.4087 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 15 May 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.96, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday&rsquo;s low, and resistance at 81.32, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.4097 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 15 May 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9693, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday&rsquo;s low, and resistance at 0.9744, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.4094 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In Asian Trade

Posted: 15 May 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0561, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.0521, Friday&rsquo;s low, and resistance at 1.0889, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.07% to hit 1.3346 and AUD/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Down In Asian Trading Hours

Posted: 15 May 2011 07:05 PM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.4447, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4343, Friday&rsquo;s low, and resistance at 1.4552, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.10% to hit 1.6182 and EUR/GBP falling 0.14% 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: 15 May 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4065, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today&rsquo;s low, and resistance at 1.4423, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8694 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Another Bullish Meme Bites The Dust?

Posted: 15 May 2011 06:06 PM PDT

I used to spend a lot of time railing against mainstream “experts,” especially economists, for their profound ignorance of real world fundamentals, poor (or missing) analytical skills, conflicted perspectives, and emphasis on form over substance — not to mention the fact that most failed to see the worst financial crisis this century coming. But not these days. At this point, I reckon most Financial Armageddon visitors are aware of the flaws of those who claim to know what is going on, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 15 May 2011 06:00 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.85, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday&rsquo;s low, and resistance at 81.32, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.38% to hit 1.4065 and GBP/USD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down In Asian Trade

Posted: 15 May 2011 05:25 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 113.64, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 113.42, Monday&rsquo;s low, and resistance at 116.73, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.34% to hit 1.4071 and EUR/GBP falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Only Chart That Will Make You A Silver Millionaire!

Posted: 15 May 2011 09:16 AM PDT

At my time of my life, they are not going to make me an editor of the ‘Sun’ or ‘Daily Mirror’ so this blog is my only chance of creating great tabloid headlines. When I created this chart I said to my self, ‘Darn, I wish I was twenty’, because this chart will help you make your fortune with silver speculation for a life time.

The gold silver ratio is well written about, my guess this is the first time you have seen the significant dominant cycle within it. The dominant cycle can be found via … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment