DailyMarkets.com - Cotton Futures Advance Amid Concerns Over Global Supplies

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• Cotton Futures Advance Amid Concerns Over Global Supplies
• Forex – EUR/GBP Close To 2-month Low Amid Greek Debt Fears
• Forex Trading: EUR Firmer
• European Stocks Drop On Lingering Debt Fears; DAX Down 0.4%
• Britain’s BBA Mortgage Approvals Fall Unexpectedly
• U.K. Q1 GDP Rises In Line With Expectations
• Forex – Dollar Broadly Higher Vs. Rivals As Markets Eye Greece
• Stock Market Summary For Website Change
• Forex – GBP/USD Hits Daily Low Ahead Of U.K. Growth Data
• Forex Trading: Dollar And Yen Retreat As Rick Appetite Returns
• Crude Oil Slumps On Rising U.S. Supplies, Firm U.S. Dollar
• Forex Trading: USD/JPY Finding Resistance From 100 Day Moving Average
• Forex – USD/JPY Dips As Euro Debt Fears Sour Risk Appetite
• Gold Futures Steady Near 3-week High As EZ Debt Woes Persist
• Forex – NZD/USD Hits Daily Low After NZ Fin Min Remarks
• Asia Stocks Broadly Lower On EU Concerns; Nikkei Sheds 0.6%
• Forex – AUD/USD Hits 6-week Low As Euro Debt Fears Weigh
• Forex – EUR/USD Down As Greek Sovereign Debt Fears Weigh
• German Gfk Consumer Climate Index Falls More-than-expected
• Bull Of The Day: Wyndham Worldwide (WYN)
• Bear Of The Day: Lender Processing Services (LPS)
• Growth & Income Stock: Copa Holdings, S.A.
• Momentum Stock: Foot Locker, Inc.
• Aggressive Growth Stock: Atmel Corp
• Forex – EUR/USD Down During The Asian Session
• Forex Trading: Eur/Usd Off A Tad Going Into European Session
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Jim Chanos: We’re Not Bearish Enough On China
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• EUR/USD Maintains Bearish Momentum And Completes Zig Zag Correction
• Coffee Prices Vs. Gasoline Prices
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• David Blanchflower: The Euro Crisis Is Headed For Disaster
• Forex – AUD/USD Down During Asian Trade
• Manufacturing Efficiency And Falling Consumer Prices = Manufacturing’s Falling Share Of GDP
• Forex – EUR/USD Down During The Asian Session
• OK – It Probably Is Time To Cast Worry To The Wind
• Forex – AUD/USD Down On Economic Data
• Market Time Well And Market Success Follows
• Australian Construction Falls Unexpectedly
• Forex – EUR/JPY Down During Asian Trade
• Forex – GBP/JPY Up During The Asian Session
• USD/JPY Technical Analysis For May 25, 2011
• USD/CHF Technical Analysis For May 25, 2011
• USD/CAD Technical Analysis For May 25, 2011
• NZD/USD Technical Analysis For May 25, 2011
• GBP/USD Technical Analysis For May 25, 2011
• GBP/JPY Technical Analysis For May 25, 2011
• GBP/CHF Technical Analysis For May 25, 2011
• EUR/USD Technical Analysis For May 25, 2011
• EUR/JPY Technical Analysis For May 25, 2011
• EUR/GBP Technical Analysis For May 25, 2011
• EUR/CHF Technical Analysis For May 25, 2011
• AUD/USD Technical Analysis For May 25, 2011
• AUD/NZD Technical Analysis For May 25, 2011
• USD/CAD Daily Fundamental Analysis For May 25, 2011

Cotton Futures Advance Amid Concerns Over Global Supplies Posted: 25 May 2011 03:10 AM PDT Forex Pros – utures Pros &ndash; Cotton futures were up for a second day on Wednesday, as adverse weather conditions threatened crops in the U.S. and China, rekindling concerns over tightening global supplies. <br /><br />On the ICE Futures U.S. Exchange, cotton futures for July delivery traded at USD1.5612 a pound during European morning trade, jumping 1.2%. <br /><br />It earlier rose as much as 1.5% to a daily high of USD1.5643 a pound.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Close To 2-month Low Amid Greek Debt Fears Posted: 25 May 2011 02:28 AM PDT Forex Pros – The euro was trading close to a two-month low against the pound on Wednesday, as ongoing concerns over the worsening Greek sovereign debt crisis cast a pall over the single currency.<br /><br />EUR/GBP hit 0.8676 during European morning trade, the pair&rsquo;s lowest since Monday; the pair subsequently consolidated at 0.8694, shedding 0.22%.<br /><br />The pair was likely to find short-term support at 0.8663, Monday&rsquo;s low and a two-month low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR Firmer Posted: 25 May 2011 02:08 AM PDT The euro is firmer in recent trade following comments from Greece's Prime Minister. On the 15 minutes chart, the EUR/USD had moved higher through the 50.0% line on the last move from yesterday's high to today's low. The next topside target is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Drop On Lingering Debt Fears; DAX Down 0.4% Posted: 25 May 2011 02:05 AM PDT Forex Pros – European stock markets were broadly lower on Wednesday, as lingering fears over Greece’s finances and the euro zone&rsquo;s spreading debt crisis weighed, while U.S. futures pointed to lower open on Wall Street.<br /><br />During European morning trade, the EURO STOXX 50 slumped 0.35%, France&rsquo;s CAC 40 declined 0.38%, while Germany’s DAX 30 dropped 0.4%.&nbsp; <br /><br />Greek newspapers reported on Wednesday that the government was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Britain’s BBA Mortgage Approvals Fall Unexpectedly Posted: 25 May 2011 01:43 AM PDT Forex Pros – Mortgage approvals in the U.K. unexpectedly declined in April, industry data showed on Wednesday.<br /><br />In a report, the British Banker’s Association said that the number of new mortgages approved in April fell to 29.4K, compared to 31.2K in March, whose figure was revised down from 31.7K. <br /><br />Analysts had expected the number of mortgage approvals to rise to 32.2K in April.<br /><br />Following the release of that data, the pound … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Q1 GDP Rises In Line With Expectations Posted: 25 May 2011 01:39 AM PDT Forex Pros – The U.K. economy grew in line with market expectations in the first quarter of 2011, unrevised from the growth previously published, official data showed on Wednesday.<br /><br />In a report, the U.K.&rsquo;s Office for National Statistics said gross domestic product rose in line with expectations at a seasonally adjusted rate of 0.5% during the first quarter, unchanged from a preliminary estimate. <br /><br />Annualized GDP rose at a rate of 1.8%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals As Markets Eye Greece Posted: 25 May 2011 01:33 AM PDT Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as concerns over the ongoing sovereign debt crisis in the euro zone and declines in equity markets curbed demand for riskier assets.<br /><br />During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.44% to hit 1.4039.<br /><br />The single currency was weighed by speculation that Greece may call a snap election after the government failed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Website Change Posted: 25 May 2011 01:16 AM PDT Due to timing issues we will be moving our daily stock market blog to another web address we started on Friday, May 13, 2011. We will still provide a nightly update Monday through Friday but not as much detail. Instead we will highlight the most important issues currently affecting the stock market. If you are interested in still following us then please visit the following website: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits Daily Low Ahead Of U.K. Growth Data Posted: 25 May 2011 01:02 AM PDT Forex Pros – The pound was down against the U.S. dollar on Wednesday, slipping to a daily low ahead of a second look at government data on U.K. economic growth in the first quarter.<br /><br />GBP/USD hit 1.6133 during European morning trade, the daily low; the pair subsequently consolidated at 1.6154, shedding 0.15%.<br /><br />Cable was likely to find short-term support at 1.6056, Tuesday&rsquo;s low and a seven-week low and resistance at 1.6304, the high of May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Dollar And Yen Retreat As Rick Appetite Returns Posted: 25 May 2011 12:59 AM PDT Dollar and Yen Retreat as Rick Appetite Returns A rebound in risk appetite spurred by stronger US economic data helped to weaken the safe haven currencies of the US dollar and the yen. The dollar block currencies recovered off of previous lows following Monday’s flair up of the Greek debt crisis and weak Chinese economic data. Economic News USD – US Housing Numbers Helps Risk Recovery The dollar weakened following the release of better than expected US new home sales. The April numbers showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Slumps On Rising U.S. Supplies, Firm U.S. Dollar Posted: 25 May 2011 12:57 AM PDT Forex Pros – Crude oil futures were down on Wednesday, pressured by a broadly stronger U.S. dollar and after industry data showed that U.S. crude stockpiles fell less-than-expected last week. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD98.54 a barrel during European morning trade, tumbling 1%.&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell by as much as 1.2% to a daily low of USD98.27 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Finding Resistance From 100 Day Moving Average Posted: 25 May 2011 12:54 AM PDT The USD/JPY has been trading in a tight range so far today; currently trading mid-range for the session. From a daily perspective, you can see that the pair is finding resistance from the 100 day moving average which currently comes in at 88.22. A pass through this level, to the topside, should see trading continue to 82.53. There is also trendline support which has been developing since May 5th; continued support from this line should add additional upward pressure. It seems, from an hourly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Dips As Euro Debt Fears Sour Risk Appetite Posted: 25 May 2011 12:37 AM PDT Forex Pros – The U.S. dollar slid to a daily low against the yen on Wednesday, as concerns over the euro zone&rsquo;s sovereign debt crisis boosted demand for traditional safe haven assets.<br /><br />USD/JPY hit 81.80 during early European trade, the daily low; the pair subsequently consolidated at 81.91, dipping 0.04%.<br /><br />The pair was likely to find support at 80.93, the low of May 18 and resistance at 82.23, the high of May 19.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Steady Near 3-week High As EZ Debt Woes Persist Posted: 25 May 2011 12:32 AM PDT Forex Pros – Gold futures fluctuated between small gains and losses on Wednesday, holding steady near a three-week a high as mounting concerns over the debt crisis in the euro zone boosted the appeal of the precious metal, however gains were limited by a broadly stronger U.S. dollar. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,526.75 a troy ounce during late Asian trade, edging 0.05% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Hits Daily Low After NZ Fin Min Remarks Posted: 25 May 2011 12:07 AM PDT Forex Pros – The New Zealand dollar was down against its U.S. counterpart on Wednesday, sliding to a daily low after the country&rsquo;s finance minister said the strong domestic dollar was slowing the nation&rsquo;s recovery.<br /><br />NZD/USD hit 0.7902 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7927, shedding 0.42%.<br /><br />The pair was likely to find support at 0.7824, the low of May 18 and resistance at 0.8014, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Broadly Lower On EU Concerns; Nikkei Sheds 0.6% Posted: 24 May 2011 11:52 PM PDT Forex Pros – Asian stock markets were broadly lower on Wednesday, tracking U.S. losses overnight, as market sentiment was weighed by ongoing concerns over the euro zone&rsquo;s debt crisis and a report showing that Japan swung to a trade deficit in April. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index dropped 0.8%, South Korea’s Kospi Composite tumbled 1.25%, while Japan&rsquo;s Nikkei 225 Index slumped 0.6%.&nbsp; <br /><br />Official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 6-week Low As Euro Debt Fears Weigh Posted: 24 May 2011 11:46 PM PDT Forex Pros – The Australian dollar fell to a six-week low against its U.S. counterpart on Wednesday, as concerns over the worsening debt crisis in the euro zone dampened demand for higher yielding assets.<br /><br />AUD/USD hit 1.0441 during late Asian trade, the pair&rsquo;s lowest since April 13; the pair subsequently consolidated at 1.0468, dropping 0.84%.<br /><br />The pair was likely to find support at 1.0388, the low of April 12 and resistance at 1.0582, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down As Greek Sovereign Debt Fears Weigh Posted: 24 May 2011 11:28 PM PDT Forex Pros – The euro was down against the U.S. dollar on Wednesday, erasing Tuesday&rsquo;s gains as concerns over Greek sovereign debt and potential contagion to Spain weighed.<br /><br />EUR/USD hit 1.4016 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4039, shedding 0.42%.<br /><br />The pair was likely to find support at 1.3868, the low of March 17 and resistance at 1.4144, Mondays high.<br /><br />On Tuesday, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Gfk Consumer Climate Index Falls More-than-expected Posted: 24 May 2011 11:23 PM PDT Forex Pros – Germany’s consumer climate declined more-than-expected in June, industry data showed on Wednesday.<br /><br />In a report, market research group Gfk said its index of Germany’s consumer climate declined to 5.5 in June from 5.7 in May. <br /><br />Analysts had expected the index to ease down to 5.6 in June. <br /><br />The worsening of the debt crisis in Greece and continuing high energy prices are dampening the optimism that German consumers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Wyndham Worldwide (WYN) Posted: 24 May 2011 11:05 PM PDT Wyndham Worldwide’s (NYSE:WYN) fourth quarter 2010 earnings were ahead of the Zacks Consensus Estimate, primarily due to strong operational performance at each of the three businesses, sound expense management and continued share repurchases. Going forward, we expect Wyndham to benefit from its repositioning to a more fee-for-service based business. Wyndham is also experiencing recovery in lodging business with surge in leisure demands. Wyndham remains committed to enhancing shareholder value and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Lender Processing Services (LPS) Posted: 24 May 2011 11:05 PM PDT Lender Processing Services’ (NYSE:LPS) first-quarter 2011 results were a mixed bag. We are concerned about the high debt on its balance sheet as well as challenging origination and default market. There is also a possibility of further foreclosure delays. Moreover, the company is anticipating near-term challenges due to significant changes in the origination volumes. Hence, we downgrade our recommendation from Neutral to Underperform on the shares. Our six-month target price of $24.00 equates to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Copa Holdings, S.A. Posted: 24 May 2011 11:05 PM PDT They say the quickest way to become a millionaire is to start as a billionaire and buy an airline. That may be true in the saturated markets of the developed world, but because of a surging middle class, opportunities abound in the emerging markets. Copa Holdings, S. A. (NYSE:CPA) is one airline that is benefiting from the growth in Latin America. The company is growing earnings as it is able to more than offset rising fuel costs with higher revenues. The company has also been returning value to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Foot Locker, Inc. Posted: 24 May 2011 11:05 PM PDT Foot Locker, Inc. (NYSE:FL) is leaping higher like a pole vaulter donning Nike’s latest shoe, recently hitting a new multi-year high after reporting blowout Q1 results that came in well ahead of expectations. With estimates on the rise and strong industry rank, this Zacks #1 rank stock is a momentum baller. Company Description Foot Locker operates as a retailer of footwear, athletic apparel and various accessories worldwide. The company was founded in 1879 in New York City and has a market cap of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Atmel Corp Posted: 24 May 2011 11:05 PM PDT Atmel, Corp (NASDAQ:ATML) posted a record high revenue level last quarter and estimates are on the rise. With shares holding a Zacks #1 Rank (Strong Buy) the stock is poised for a great 2011. Additionally, management is expected to update guidance in June. If they move the outlook higher shares could really take off. Company Description Atmel makes microcontrollers, capacitive touch solutions, advanced logic and other highly technical products. The company’s offerings are used in industrial, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 24 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 1.4024, down 0.54% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8679 and EUR/JPY falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eur/Usd Off A Tad Going Into European Session Posted: 24 May 2011 10:33 PM PDT   The pair has been in the middle of its weekly range and is starting to look slightly offered going into the German Gfk Consumer climate Index out at 2AM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 24 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 1.6168, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6304, 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 0.39% to hit 0.8680 and GBP/JPY falling 0.18% 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: 24 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 1.2361, down 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.2325, Monday&rsquo;s low, and resistance at 1.2646, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.33% to hit 1.4054 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jim Chanos: We’re Not Bearish Enough On China Posted: 24 May 2011 09:49 PM PDT Jim Chanos discusses the Chinese housing market on Bloomberg TV and explains why in his view the bear case against China is only getting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During Asian Trade Posted: 24 May 2011 09:25 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8800, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8749, Friday&rsquo;s low, and resistance at 0.8893, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.45% to hit 1.4037 and USD/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session Posted: 24 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 0.8692, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 0.8665, Monday&rsquo;s low, and resistance at 0.8838, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.29% to hit 1.4059 and EUR/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Maintains Bearish Momentum And Completes Zig Zag Correction Posted: 24 May 2011 08:52 PM PDT EUR/USD's Retracement Targets Ahead of the European Session (5/24) EUR/USD Short-term- The EUR/USD indeed took another rally swing, and actually passed wave equality at 1.41, reaching 1.4120. This completes a zig zag correction. - The RSI in the 1H chart remained below 60, and if it can break back below 30 again, it can confirm the market to be in a bearish continuation. - Price action so far is hinting at the bearish continuation scenario, but a pullback that is held off before another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Coffee Prices Vs. Gasoline Prices Posted: 24 May 2011 08:48 PM PDT In January 2008 coffee prices (per pound) and gas prices (per gallon) were about the same at $3.  Coffee prices have more than doubled to $6.60 per pound, making the increases in gas prices to $3.80 in April look relatively minor.   What’s next? Congressional investigations to determine if coffee speculators are driving up prices?  Investigations of “windfall profits” for “Big Coffee”? … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 24 May 2011 08:35 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of Japanese data on Trade Balance.<br/><br/> USD/JPY was trading at 81.94, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 81.33, Monday&rsquo;s low, and resistance at 82.21, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 24 May 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 0.9791, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.9642, Friday&rsquo;s low, and resistance at 0.9811, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.28% to hit 1.4060 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

David Blanchflower: The Euro Crisis Is Headed For Disaster Posted: 24 May 2011 07:46 PM PDT David Blanchflower discusses how the European Union has failed to adequately deal with their debt crisis, and how the markets are growing tired of the incompetence of the leaders trying to fix the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade Posted: 24 May 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on Construction Work Done.<br/><br/> AUD/USD was trading at 1.0503, down 0.52% at time of writing.<br/><br/> The pair was likely to find support at 1.0479, Monday&rsquo;s low, and resistance at 1.0711, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The value of Australian construction work done fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manufacturing Efficiency And Falling Consumer Prices = Manufacturing’s Falling Share Of GDP Posted: 24 May 2011 07:28 PM PDT The top chart above shows the long-term trends over time in the shares of GDP for: a) private services-producing industries and b) private goods-producing industries.  From being close to parity in 1947 with services representing 48% of GDP vs. 40% for goods, the services/GDP ratio is now almost 69% compared to the goods/GDP share of less than 18%.  Stated differently, in 1948 there was $1.20 in services produced in the U.S. for every $1 of goods produced, and by 2010, that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 24 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 1.4046, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8693 and EUR/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

OK – It Probably Is Time To Cast Worry To The Wind Posted: 24 May 2011 06:59 PM PDT Things are looking very favorable for precious metals and their miners, in my opinion. So this evening I am going to suggest two new trades as part of the Tomorrow’s Trades (Today!) service I start a few months ago. But first, let’s take a look at that influential US Dollar. This is a daily chart of the US Dollar Index (DXYO). I have been wondering whether the dollar was making a bull flag and going to charge to the sky, or whether it would soon roll over and possibly retest its early May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down On Economic Data Posted: 24 May 2011 06:50 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on Construction Work Done.<br/><br/> AUD/USD was trading at 1.0498, down 0.57% at time of writing.<br/><br/> The pair was likely to find support at 1.0479, Monday&rsquo;s low, and resistance at 1.0711, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The value of Australian construction work done fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Time Well And Market Success Follows Posted: 24 May 2011 06:47 PM PDT There's an experiment in A Random Walk Down Wall Street in which a large number of coin tosses are recorded and graphed. Soon the graphs began looking like your run-of-the-mill stock charts (i.e., head-and-shoulders, double heads, wedges, etc.). If each coin toss was random and a series of coin tosses resembled stock charts then the movement of stocks must also be random. That's the logical conclusion the author, Bernard Malkiel, intend his students and the reader to have. The lesson … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Construction Falls Unexpectedly Posted: 24 May 2011 06:45 PM PDT Forex Pros – The value of Australian construction work done fell unexpectedly in the last quarter, official data showed on Wednesday.<br/><br/>In a report, Australian Bureau of Statistics said that Australian construction work done fell to a seasonally adjusted 0.7%, from 0.8% in the preceding quarter.<br/><br/>Analysts had expected Australian construction work done to rise to 1.4% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 24 May 2011 06:35 PM PDT Forex Pros – The Euro was lower against the Japanese Yen on Wednesday after the release of Japanese data on Trade Balance.<br/><br/> EUR/JPY was trading at 115.25, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 113.88, Monday&rsquo;s low, and resistance at 117.17, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 24 May 2011 05:45 PM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday after the release of Japanese data on Trade Balance.<br/><br/> GBP/JPY was trading at 132.82, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 131.28, Monday&rsquo;s low, and resistance at 133.14, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s trade balance fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:19 PM PDT By ForexMansion.com   The USD/JPY fell slightly on Tuesday as the market bounced back and forth between bullishness and bearishness. The cross looks a bit confused at the moment, but the central banks are waiting below. A buy signal closer to 80 would make us more comfortable buying this pair. The short side doesn't interest us at all because of the CBs. 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

USD/CHF Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:18 PM PDT By ForexMansion.com   The USD/CHF pair fell on Tuesday after slamming into a longer-term down trend line near the 0.89 mark. The pair still looks weak, but it should be noted that a sustained break of 0.88 didn't happen. The trend is down, and the reality is that it's been that way since the mid-80s. We still look to sell on rallies or a serious break of 0.88 as well. There is a hint of a bullish flag, but there is also that pesky trend line behind it – and that makes us … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:17 PM PDT By ForexMansion.com   The USD/CAD pair fell on Tuesday after breaking through the 0.97 area on Monday. The resistance area is roughly form 0.97 and goes to 0.88, so the fact that the market turned around on Tuesday within that area makes the bulls a bit nervous we would suspect. This area is where you would expect to see weakness however the market didn't break back through the 0.97 mark. The trend is certainly down, and continuation wouldn't be that surprising. Perhaps we need to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:13 PM PDT By ForexMansion.com   The NZD/USD rose on Tuesday, but fell short of breaking out of the 0.80 area. This shows that the consolidation is still in effect, but has a decidedly bullish bias to it. This gets us in a buy only mode, but would rather do so on signs of support near the 0.78 level, and only on a short-term basis. This market is a delight for scalpers at the moment. 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/USD Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:13 PM PDT By ForexMansion.com   The GBP/USD rose on Tuesday, reversing most of the massive fall from Monday's move. The market still looks choppy to the downside. The 1.60 area continues to hold, so if you feel alright with a larger stop loss, you could perhaps feel comfortable getting involved. If not, a sign of support closer to 1.60 would be the safer bet. A break of 1.60 would be catastrophic for this pair. 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

GBP/JPY Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:12 PM PDT By ForexMansion.com   The GBP/JPY rose Tuesday, but is simply caught in a tight consolidation range between 130 and 133. Of course, there are central banks below the 130 area, so we only want to buy. In fact, this is a great scalping market, as the range is 300 pips – yet still tight. The consolidation will continue until the markets in general decide how risk adverse or risk positive they want to be. Look for short-term set ups to the upside in the 130 to 133 range. Originally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:11 PM PDT By ForexMansion.com   The GBP/CHF fell on Tuesday, continuing to tread water at the 1.42 area. This area looks more and more important as the market is clearly signaling that if it breaks below would be a disaster for the pair as it has no real support below it. The market could bounce from here, but in reality it only offers more selling opportunities. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:09 PM PDT By ForexMansion.com   THE EUR/USD rose on Tuesday, respecting the 1.40 support level as traders felt a little better about risk assets during the session. It should be noted however, that the Greek crisis is still in everyone's mind, and the US stock indices fell in the afternoon suggesting further weakness coming. This pair has moved in lock step with the S&P 500 for weeks. The pair did what it had to stay positive today, but underlying weakness is certainly there. A break of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:05 PM PDT By ForexMansion.com   The EUR/JPY rose Tuesday, triggering the buy signal that would have been formed by the hammer on Monday. However, the market gave back much of its gains and looks weak in general. The central banks are below, so this could be somewhat supportive – but the EUR is so much trouble right now, there are better currencies to play against the JPY right now. 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/GBP Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:04 PM PDT By ForexMansion.com   THE EUR/GBP gained on Tuesday only to fall, triggering buy signals after the hammer that was printed on Monday. However, the end of the day saw a shooting star form, and that is never a good sign. The market looks confused, and the fact that it didn't hold the gains from breaking the hammer suggests underlying weakness. A break below Monday's lows gets more sellers involved. Look for choppy trading with a downside bias in the near future. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:03 PM PDT By ForexMansion.com   THE EUR/CHF fell Tuesday, retesting the 1.24 support area, which is where the pair finished. By looking at this chart, you can plainly see how important this area is going to be for the future direction of the EUR/CHF market. Even if this pair bounces, it can't be ignored that the trend is down, and we recently saw new all-time lows. Eventually this pair will have to change trends, but there is nothing in technically or fundamentally that suggests it's going … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:02 PM PDT By ForexMansion.com   The AUD/USD rose during Tuesday's session, bouncing of off the 1.05 support area. This area has proven to be very supportive, but one cannot help but notice the recent highs in this market have gotten lower. While that doesn't necessarily mean the uptrend is over – it could mean that the pair is ready to pullback to 1.02 – the next major support level. We still however, remain cautiously bullish overall. Originally posted here Read more about forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical Analysis For May 25, 2011 Posted: 24 May 2011 04:01 PM PDT By ForexMansion.com   The AUD/NZD fell during Tuesday trading, but did bounce from the all-important 1.32 support level. We figure that this area is going to determine the short-term direction for this pair, and the battle being fought here will give clear direction sooner or later. The pair does look decidedly bearish though. A break of Tuesday's lows would be a major sign of weakness. A bounce should send this pair upwards to find the top of the recent consolidation area, perhaps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For May 25, 2011 Posted: 24 May 2011 08:40 AM PDT By ForexMansion.com The USD/CAD pair was little changed on Tuesday, where despite the rise in commodity prices including oil prices, yet persistent fears over the outlook of the European debt crisis continued to weigh down on confidence levels in markets, and accordingly, the USD/CAD pair was not able to gain strong momentum, in addition to ongoing speculations that the Bank of Canada won't raise interest rates due to the recent weakness in economic conditions. The USD/CAD pair should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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