Friday, May 6, 2011

DailyMarkets.com - Did GBP/JPY Complete The Zig Zag Correction?

DailyMarkets.com - Did GBP/JPY Complete The Zig Zag Correction?

Did GBP/JPY Complete The Zig Zag Correction?

Posted: 06 May 2011 07:03 AM PDT

The GBP/JPY is Almost Done with a Zig Zag Correction (5/5)
GBP/JPY

Short-Term- The GBP/JPY was seen attempting to complete an ABC correction yesterday, in the terminal wave of wave C.
- Wave C could be complete now, and a bullish impulse count can be anticipated.
- However, if the market breaks below 131.32, we might have another decline towards 130.00, before completing this last leg of wave C.
- If however the market can surge through 132.74, it is more likely that wave C was complete and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up On Economic Data

Posted: 06 May 2011 07:00 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of U.S. data on Unemployment Rate.<br/><br/> USD/CHF was trading at 0.8743, up 0.41% at time of writing.<br/><br/> The pair was likely to find support at 0.8554, Wednesday&rsquo;s low, and resistance at 0.8796, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that the U.S. unemployment rate rose unexpectedly to a seasonally adjusted 9.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Private Sector Gains Jobs, Public Sector Loses

Posted: 06 May 2011 06:59 AM PDT

Some highlights from today’s Employment Report:

1. Private payroll employment increased by 268,000 jobs in April, the largest monthly private-sector job gain in more than four years, since a 286,000 increase in February 2006.   The April increase in private payroll jobs was the 14th consecutive monthly gain, bringing the total number of private jobs added since March of last year to 2.09 million (see chart above).

2. In contrast to the ongoing improvements in private sector … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

May 6th Unemployment Report Review: Mixed Bag But Misses The Bigger Picture

Posted: 06 May 2011 06:57 AM PDT

The highly anticipated May Unemployment Report was released this morning. How did it look and what does it mean for our 'walking pneumonia' economy?
We have some good news and we have some bad news; more importantly than the monthly snapshot, though, let's step back and take a wide angle view of our overall employment situation. On that note, let's navigate.
The Wall Street Journal highlights the following: 

Job growth surprised on the high side but there are still soft spots. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q1 2011 Financial Results…

Posted: 06 May 2011 06:52 AM PDT

Brian Marckx, CFA
Q1 2011 Financial Results…
Chembio (CEMI) reported financial results for the first quarter ending March 31, 2011 on May 5, 2011.  Revenue of $3.64 million was about 8% below our $3.94 million estimate.  The difference due to lower than modeled product sales ($3.02MM versus $3.72MM estimate), partially offset by higher R&D contracts and milestone revenue ($592MM versus $225MM estimate).  The miss in product sales relative to our estimate was mostly a result … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nordstrom Comps Soared

Posted: 06 May 2011 06:52 AM PDT

Same-store sales at Nordstrom Inc. (NYSE:JWN) grew by 7.6% for the four-week period ended April 30, 2011. Total retail sales in April 2011 climbed 14.2% to $726.0 million from $636.0 million for the four-week period ended May 01, 2010.
Moreover, Nordstrom’s first-quarter 2011 same store sales inched up 6.5% compared with the prior-year quarter. During first-quarter 2011, the company’s total retail sales grew 12.0% to $2.23 billion from $1.99 billion in the prior-year quarter.
Stores Update
As of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novatel Misses, Guides Higher

Posted: 06 May 2011 06:52 AM PDT

Novatel Wireless Inc. (NASDAQ:NVTL) declared its first quarter 2011 financial results after the closing bell, which fell well short of the Zacks Consensus Estimate. However, Novatel provided a strong second quarter 2011 financial outlook. As a result, shares of Novatel increased by 40 cents (7.27%) to $5.90 in the after-market trade on NASDAQ.                
On a GAAP basis, net loss in the fourth quarter of 2010 was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 06 May 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.7926, up 1.07% at time of writing.<br/><br/> The pair was likely to find support at 0.7817, Thursday&rsquo;s low, and resistance at 0.8120, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.62% to hit 1.3574 and EUR/NZD falling 1.25% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up On Economic Data

Posted: 06 May 2011 06:35 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6438, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.6355, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap’s April Revs Up, Quarterly Down

Posted: 06 May 2011 06:32 AM PDT

Gap Inc. (NYSE:GPS), one of the leading global specialty retailers, reported an increase of 8.0% in same store sales for the four-week period ended April 30, 2011. Results for the month compared favorably with same store sales decreasing 2.0% for the four-week period ended May 01, 2010.
Gap has reported an improvement in same store sales in every region, where it operates. The company’s same store sales in the regions such as Old Navy North America and Banana Republic North America saw a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Anworth Mortgage Asset , Career Education, CNF, EV Energy Partners, L.P., First Bancorp, J P Morgan Chase & Co, Kendle International, Micron Technology, Warner Music Group Corp.

Posted: 06 May 2011 06:32 AM PDT

    Career Education Corp.'s (NASDAQ:CECO) shares gained 7.43% after the for-profit educator reported a first-quarter profit topping estimates on Wednesday

    Trucking company Con-way Inc.'s (NYSE:CNW) shares rose 5.16% to close at $39.54 after the company reported first-quarter profits beating the Street's expectations

    INC Research LLC said it would buy clinical research group Kendle International Inc. (NASDAQ:KNDL) for $232 million, or $15.25 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jobs Report Better Than Expected

Posted: 06 May 2011 06:32 AM PDT

The negative build-up over the last few days to today’s jobs report turned out to be completely off the mark. We got an impressive jobs report this morning, with the private sector coming up with one of its best showings in a long time.

The Bureau of Labor Statistics reported the creation of 244,000 jobs in April, handily coming ahead of expectations. This is one of the best jobs report in a very long time. Importantly, the private sector added 268,000 jobs in April, up from the March tally of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Head And Shoulder Remains In Tact

Posted: 06 May 2011 06:29 AM PDT

The neckline was broken yesterday and the price moved sharply lower. The underside of the neckline trendline has held the1.6460 level (1.6462 high).  The price has moved back down from there.  Staying below that neckline keeps the bearish bias.  Activity is choppy in the pair. A move below the 1.6408 level (50% of the days range) should switch the bias back … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 06 May 2011 06:25 AM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2707, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.2630, Thursday&rsquo;s low, and resistance at 1.2877, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.08% to hit 1.4544 and EUR/JPY rising 0.81% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Completes A Bearish Impulse Wave After NFP; 50% Retracement At 1.47

Posted: 06 May 2011 06:22 AM PDT

A Technical Look at USD-crosses Ahead of the Non-Farm Payroll Release (5/5)
EUR/USD

Short-Term- The NFP numbers came out better than expected. For the EUR/USD , an initial USD-positive reaction found support near 1.4450, which is also 61.8% retracement of the rally from 1.4156 to 1.4940.
- The initial reaction also completed a 5-wave decline, so structurally the EUR/USD is looking to correct the decline from 1.4940 to 1.4450.
- 50% retracement is at 1.47, but we might find resistance as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Price Slide Continues For Sugar

Posted: 06 May 2011 06:18 AM PDT

Today’s Idea
Although Sugar futures seem poised for further declines, the market may have become a bit oversold in the near-term. On any short-term rally in the July futures, some traders may wish to explore selling call options on Sugar futures. For example, with July Sugar futures trading at 21.08 as of this writing, the July Sugar 24 calls could be sold for about 0.30, or $336.00 per option, not including commissions. The premium received would be the maximum potential gain on the trade and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 06 May 2011 06:15 AM PDT

05/06/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 06 May 2011 06:10 AM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 80.66, up 0.74% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Payroll Gains Boost Greenback

Posted: 06 May 2011 06:04 AM PDT

April payroll data offered a mixed assessment of the health of the U.S. labor market. An outright payroll gain of 244,000 was indeed strong, while a 268,000 gain across private sector employers was the highest in more than five years. Yet the 9% rate of unemployment worsened by two-tenths. Dealers took the opportunity to unravel recent strength in the safety valves of the Swiss franc and the Japanese yen, which both sustained hefty reversals as the dollar recovery revived on Friday.
U.S. Dollar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Allergan, Applied Materials, ConAgra Foods, CBS, Novellus Systems, Prudential Financial Inc, Ralcorp Holdings, R.R. Donnelley & Sons Company, Varian Semiconductor Equipment Associates, Williams Companies

Posted: 06 May 2011 06:02 AM PDT

    R.R. Donnelley & Sons (NYSE:RRD) reported Q1 EPS of $0.33, missing the Zacks Consensus Estimate of $0.36 per share. Revenues for the quarter rose 7% year-over-year to $2.58 billion, lower than the Zacks Consensus Estimate of $2.634 billion

    The Williams Companies (NYSE:WMB) reported Q1 EPS of $0.36 ex-items today, slightly higher than the Zacks Consensus estimate of $0.35 per share

    Prudential Financial (NYSE:PRU) reported Q1 earnings per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Comerica Got Consent For SBIB Deal

Posted: 06 May 2011 06:02 AM PDT

Yesterday, Comerica Incorporated (NYSE:CMA) got approval from the common shareholders of Sterling Bancshares Inc. (NASDAQ:SBIB) for the merger agreement announced in January 2011.
The merger was approved by more than 84.5% of the total votes by Sterling shareholders. This represents about 85.6% of the total number of shares outstanding as of March 30, 2011.
Upon completion of the merger, following regulatory approvals, Sterling's shareholders will be allotted 0.2365 of Comerica common stock for each … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Regis

Posted: 06 May 2011 06:02 AM PDT

Regis Corp. (NYSE:RGS), which owns, operates and franchises hair and retail product salons worldwide, posted third quarter 2011 results on April 27, 2011. The company's adjusted earnings in the third quarter missed the Zacks Consensus Estimate due to sluggish same-store sales for the eleventh consecutive quarter and lower margin. The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term outlook for the stock are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Portfolio Recovery Beats On Revenue

Posted: 06 May 2011 06:02 AM PDT

Portfolio Recovery Associates Inc. (NASDAQ:PRAA) reported its first-quarter income from continuing operations of $23.1 million or $1.34 per share, surpassing the Zacks Consensus Estimate of $1.29 and the prior-year earnings of $14.8 million or 91 cents.
The strong earnings were primarily driven by higher-than-expected top-line growth attributable to continuous improvement in cash collections on portfolios of defaulted consumer debt.
The amortization rate in the quarter included a $4.0 million net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Moves Above Trendline And 100 Hour MA

Posted: 06 May 2011 06:01 AM PDT

The initial surge in the USDJPY pushed the price above 100 hour MA and the trendline at the 80.71 level in the first few minutes. The corrections off the top came down to the 38.2% of the intraday surge higher (at 80.64). This keeps the bulls in charge. A move below the 80.64 level will likely dull the upward momentum for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In European Trading Hours

Posted: 06 May 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Unemployment Rate.<br/><br/> USD/CAD was trading at 0.9591, down 0.82% at time of writing.<br/><br/> The pair was likely to find support at 0.9448, Monday&rsquo;s low, and resistance at 0.9713, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The rate of unemployment in Canada fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down On Economic Data

Posted: 06 May 2011 05:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4482, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.4460, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Non-farm Payrolls Rise More-than-expected

Posted: 06 May 2011 05:45 AM PDT

Forex Pros – U.S. non-farm payrolls rose more-than-expected last month, official data showed on Friday.<br/><br/> In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 244K, from 221K in the preceding month whose figure was revised up from 216K.<br/><br/> Analysts had expected U.S. non-farm payrolls to rise 185K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Falls On The Strong Number But Bounces Off Support

Posted: 06 May 2011 05:43 AM PDT

The EURUSD fell on the back of the better jobs data but has bounced off the targeted support at the 1.4450-55 area. The level corresponds with the channel trendline in the daily chart above.  IT is also the 61.8% retracement from the April 18th low.  These levels were outlined as key targets in the Morning Opening Forex Call.

The pair has moved back above the 1.4500 level and is testing the 38.2% of the days range. The next target above is the 1.4526 level which is the channel on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Unemployment Rate Rises Unexpectedly

Posted: 06 May 2011 05:40 AM PDT

Forex Pros – The rate of unemployment in the U.S. last month rose unexpectedly, official data showed on Friday.<br/><br/> In a report, the U.S. Department of Labor said the unemployment rate rose to a seasonally adjusted 9.0%, from 8.8% in the preceding month .<br/><br/> Analysts had expected the U.S. unemployment rate to remain unchanged at 8.8% last month. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Applied Picks Up Varian

Posted: 06 May 2011 05:27 AM PDT

Applied Materials (NASDAQ:AMAT) has announced that the company's board of directors unanimously approved the acquisition of  Varian Semiconductor (NASDAQ:VSEA) for $63 per share in cash. Varian's board of directors has also approved the acquisition.
Varian will operate as a separate business unit and its results will be reported under Applied's Silicon Systems Group.
The definitive agreement is subject to normal regulatory approval. The break-up fee in case Varian backs out will be $147 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

J2 Global Reported Mixed 1Q11

Posted: 06 May 2011 05:27 AM PDT

Yesterday, after market close,j2 Global Communications Inc. (NASDAQ:JCOM) reported mixed financial results for the first quarter of 2011.  GAAP net income was $30.9 million or 66 cents per share compared with $17.6 million or 39 cents per share in the year-ago quarter. First-quarter EPS of 66 cents was significantly higher than the Zacks Consensus Estimate of 47 cents.
Total revenue was nearly $73.4 million compared with $60.3 million in the year-ago quarter. The year-over-year increase was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The European Session

Posted: 06 May 2011 05:00 AM PDT

Forex Pros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8841, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.8827, today&rsquo;s low, and resistance at 0.9042, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.12% to hit 1.4515 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 06 May 2011 04:40 AM PDT

Forex Pros – The British Pound was higher against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.4326, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.4111, Thursday&rsquo;s low, and resistance at 1.4510, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.22% to hit 1.6422 and EUR/GBP falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Previewing The April NFP, Expectation Of Weaker Than Expected Reading

Posted: 06 May 2011 04:36 AM PDT

Today's non-farm payroll report will have an important impact on the consensus around the US recovery. A weak reading would solidify expectations of a Fed interest rate increase in 2012 at earliest, while a stronger reading could help keep the chances of a rate hike this year open.
Coming into the report we had some weaker than expected reports, especially in jobless claims:

As we can see this index has turned up strongly in the last few weeks, and the 4-week moving average (red line) has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NRG Profits Up, Guidance Lifted

Posted: 06 May 2011 04:32 AM PDT

Energy generation company NRG Energy Inc. (NYSE:NRG) reported an adjusted net income of 89 cents per share in first-quarter 2011, way ahead of the Zacks Consensus Estimate of 12 cents. Results also compare favorably with 22 cents earned in the prior-year quarter. Adjusted income was $221 million, up from $58 million in the year-ago quarter.
Lower operating costs aided the better-than-expected results in the quarter.
Including $481 million asset impairment charge announced in April related to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Nod For J&J Cancer Drug (revised)

Posted: 06 May 2011 04:32 AM PDT

Johnson and Johnson (NYSE:JNJ) recently announced US Food and Drug Administration (FDA) approval for its prostate cancer therapy, Zytiga (abiraterone acetate). Zytiga, an oral, once-daily medication, gained approval for use in combination with prednisone for the treatment of metastatic castration-resistant prostate cancer (mCRPC) in treatment-experienced patients whose chemotherapy contained docetaxel.

Phase III data on Zytiga showed a significant increase in median survival in patients treated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil, Gold To Recover As Soft US Jobs Report Stokes Dovish Fed Bets

Posted: 06 May 2011 04:20 AM PDT

Commodities – Energy
Oil to Follow Stocks Correction Higher
WTI Crude Oil (NY Close): $99.80 // -9.44 // -8.64%
Crude is pushing sharply lower, with prices poised to take out support at the midline of a rising channel that has guided them higher since February 2009. Initial support lines up at $92.98, followed by the channel bottom now at $88.12. Taken together, this is a formidable barrier and a bounce higher seems likely before it is taken out in earnest. Initial resistance lines up at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down On Economic Data

Posted: 06 May 2011 04:15 AM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.<br/><br/> USD/CAD was trading at 0.9620, down 0.51% at time of writing.<br/><br/> The pair was likely to find support at 0.9448, Monday&rsquo;s low, and resistance at 0.9713, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Unemployment Rate Falls Unexpectedly

Posted: 06 May 2011 04:15 AM PDT

Forex Pros – The rate of unemployment in Canada fell unexpectedly last month, official data showed on Friday.<br/><br/>In a report, Statistics Canada said that Canadian unemployment rate fell to a seasonally adjusted 7.6%, from 7.7% in the preceding month.<br/><br/>Analysts had expected Canadian unemployment rate to remain unchanged at 7.7% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monitoring AUD/NZD’s Reaction To RBA’s Monetary Policy Announcement

Posted: 06 May 2011 04:11 AM PDT

AUD/NZD after Completing a 3-Swing Correction to 1.32 (4/21)
AUD/NZD

Short-term to Medium Term- The RBA sounded hawkish, saying it would have to increase rates at some point as CPI is expected to be 3.25%.
- AUD/NZD was declining from 1.37, but stopped at 1.3450, near 61.8% retracement of the rally since 1.3330. The 200SMA also resides here.
- This support cluster held, and the AUD/NZD is rallying after the RBA announcement.
- The market is likely bullish, but needs to first test 1.37, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 06 May 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0680, up 0.95% at time of writing.<br/><br/> The pair was likely to find support at 1.0538, Thursday&rsquo;s low, and resistance at 1.1013, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.93% to hit 1.3610 and AUD/JPY rising 1.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 06 May 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8717, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 0.8554, Wednesday&rsquo;s low, and resistance at 0.8738, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.08% to hit 1.4545 and USD/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

I Hope You Were Not One Of Those Buying

Posted: 05 May 2011 09:41 AM PDT

Monday’s market action saw some of the strongest buying amongst the Rydex market timers in over 10 years.  Oops!

Or to put it another way, I hope you were not one of those buying the market on Monday like the Rydex market timers.  But if the Rydex asset data is any indication, it was likely that you were.  Oops!!

The Rydex market timers represent a small segment of the investing world.  Nonetheless, their actions remain a useful window into the mindset of investors.  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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