DailyMarkets.com - Forex – EUR/GBP Eases Off 13-month High After Retail Sales Slip

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• Forex – EUR/GBP Eases Off 13-month High After Retail Sales Slip
• European Stocks Advance As BNP Paribas Jumps; DAX Up 0.3%
• Euro Zone Retail Sales Fall Unexpectedly In March
• Forex Trading: Eurozone March Retail Sales
• USD/CHF Technical Analysis For May 4, 2011
• GBP/JPY Technical Analysis For May 4, 2011
• U.K. Net Lending To Individuals Rises Less-than-expected
• Forex Trading: EUR/GBP Makes 13 Month High (.9026) Following The Release
• U.K. Construction PMI Drops Significantly More-than-expected
• Forex – Dollar Mixed Vs. Rivals As Commodities Under Pressure
• Forex – GBP/USD Near 1-week Low As U.K. Construction PMI Eyed
• Forex Trading: Euro-zone Final Services PMI 56.7
• USD/CAD Technical Analysis For May 4, 2011
• Forex – Stronger Dollar Eases Off 5-week Low Against Yen
• Forex Trading: USD/JPY Testing Hourly Resistance @ 81.066
• Romania Central Bank Holds Rate At 6.25%
• Forex – NZD/USD Hits 2-week Low As Risk Sentiment Weakens
• Forex – AUD/USD Eases Off 5-day Low But Gains Limited
• Forex Trading: Euro Firmer, Testing 1.4838
• GBP/USD Technical Analysis For May 4, 2011
• Asia Stocks Decline On China Tightening Concerns; Nikkei Closed
• AUD/USD Technical Analysis For May 4, 2011
• Forex – EUR/USD Slips But Supported Ahead Of ECB Meeting
• U.K. Nationwide HPI Dips Unexpectedly In April
• Aggressive Growth Stock: Federal Mogul Corp
• Momentum Stock: Cummins, Inc.
• Growth & Income Stock: UMB Financial Corporation
• Bear Of The Day: Office Depot, Inc. (ODP)
• Bull Of The Day: SurModics, Inc. (SRDX)
• Forex – EUR/USD Down During The Asian Session
• EUR/JPY Technical Analysis For May 4, 2011
• EUR/USD Technical Analysis For May 4, 2011
• Forex – GBP/USD Down In Asian Trade
• EUR/GBP Technical Analysis For May 4, 2011
• Peter Schiff: “It’s A Good Time To Buy Silver”
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Crude Oil, Gold Decline As Traders Begin To Position For The Expiry Of QE2
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Down During Asian Trade
• You Have Got To Be Kidding Me! – Hecla Mining
• Forex – EUR/USD Down During The Asian Session
• Looking Down
• Forex – EUR/JPY Down During Asian Trade
• Forex – GBP/JPY Up During The Asian Session
• Stock Market Summary For Tuesday, May 3, 2011
• USD/CAD Daily Fundamental Analysis For May 04, 2011

Forex – EUR/GBP Eases Off 13-month High After Retail Sales Slip Posted: 04 May 2011 02:38 AM PDT Forex Pros – The euro trimmed gains against the pound on Wednesday, retreating from a 13-month high after official data showed that euro zone retail sales declined unexpectedly in March.<br /><br />EUR/GBP retreated from 0.9030, the pair&rsquo;s highest since March 22, 2010 to hit 0.9002 during European morning trade, gaining 0.12%.<br /><br />The pair was likely to find support at 0.8881, Tuesday&rsquo;s low and resistance at 0.9119, the high of March … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Advance As BNP Paribas Jumps; DAX Up 0.3% Posted: 04 May 2011 02:20 AM PDT Forex Pros – European stock markets were broadly higher on Wednesday, as BNP Paribas led shares in the financial sector higher after upbeat earnings, while U.S. futures indexes pointed to a higher open on Wall Street.&nbsp;&nbsp;&nbsp; <br /><br />During European morning trade, the EURO STOXX 50 climbed 0.15%, France&rsquo;s CAC 40 added 0.35%, while Germany’s DAX 30 rose 0.3%.<br /><br />Stock indices pared gains after official data showed that retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Retail Sales Fall Unexpectedly In March Posted: 04 May 2011 02:06 AM PDT Forex Pros – Retail sales in the euro zone fell unexpectedly in March, official data showed on Wednesday.<br /><br />In a report, Eurostat said retail sales dropped by a seasonally adjusted -1.0% in March, after rising by 0.3% in February, whose figure was revised up from a decline of -0.1%. <br /><br />Analysts had expected retail sales to rise by 0.2% in March.<br /><br />The report showed that year-on-year, retail sales fell significantly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone March Retail Sales Posted: 04 May 2011 02:05 AM PDT E/Z Retail Sales for March declined 1.0% from prior month , an increase of 0.2% was expected. The Euro remains strong, holding on to earlier gains attributed to Lagarde's comments and Portugal bailout, even in wake of negative retail sales figures. Eur/Usd currently trades at 1.4860, relatively … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical Analysis For May 4, 2011 Posted: 04 May 2011 01:55 AM PDT By ForexMansion.com   The USD/CHF poked through the lows today, bounced, and then started to fall again. The pair looks very weak, and buying it would simply be reckless trading. By waiting for bounces, you can get a better price from which to sell. Of course, there are always more sellers waiting below as well. For now, sell rallies and fresh lows. 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

GBP/JPY Technical Analysis For May 4, 2011 Posted: 04 May 2011 01:54 AM PDT By ForexMansion.com   The GBP/JPY fell really hard today, heading down towards the 133.50 area, the next support area. The central banks are still below, and should be worried about if you are now short this pair. The 133 area looks rather supportive as well, and of course any move by the central banks will certainly launch this pair. Look for supportive action before going long again. Originally posted here Read more about forex technical analysis, forex fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Net Lending To Individuals Rises Less-than-expected Posted: 04 May 2011 01:40 AM PDT Forex Pros – Net lending to individuals in the U.K. rose less-than-expected in March, official data showed on Wednesday.<br /><br />In a report, the Bank of England said net lending to individuals rose by GBP0.5 billion in March, down from GBP1.7 billion in February, whose figure was revised down from GBP2.0 billion.<br /><br />Analysts had expected net lending to rise by GBP1.8 billion in March.<br /><br />The report also showed that the number of final … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/GBP Makes 13 Month High (.9026) Following The Release Posted: 04 May 2011 01:38 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Construction PMI Drops Significantly More-than-expected Posted: 04 May 2011 01:36 AM PDT Forex Pros – Britain’s construction sector activity fell significantly more-than-expected in April, industry data showed on Wednesday.<br /><br />In a report, market research firm Markit and the Chartered Institute of Purchasing &amp; Supply said that their U.K. construction purchasing managers’ index fell to a seasonally adjusted 53.3 in April, down from March&rsquo;s reading of 56.4. <br /><br />Economists had expected the index to decline to 55.9 in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals As Commodities Under Pressure Posted: 04 May 2011 01:35 AM PDT Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as falling commodity prices and concerns about signs of economic slowdown in China dented risk appetite.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD gaining 0.27% to hit 1.4864.<br /><br />But the greenback was higher against the pound, with GBP/USD slipping 0.10% to hit 1.6467.<br /><br />Earlier in the day, data showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Near 1-week Low As U.K. Construction PMI Eyed Posted: 04 May 2011 01:16 AM PDT Forex Pros – The pound was trading close to a one-week low against the U.S. dollar on Wednesday, as markets trimmed interest rate hike expectations on the back of surprisingly weak U.K. manufacturing data.<br /><br />GBP/USD hit 1.6453 during European morning trade, the pair&rsquo;s lowest since April 27; the pair subsequently consolidated at 1.6493, easing up 0.05%.<br /><br />Cable was likely to find support at 1.6384, the low of April 21 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro-zone Final Services PMI 56.7 Posted: 04 May 2011 01:01 AM PDT Slightly worse than the forecast of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For May 4, 2011 Posted: 04 May 2011 12:58 AM PDT By ForexMansion.com   The USD/CAD pair has bounced for the second day in a row, as the commodity markets fell hard today. Canada is still the better economy, and this bounce should only provide sellers a better opportunity to make money by being short this pair. Look for resistive action at the 0.96 and 0.97 areas, as new sellers should enter the market. Buying isn't recommended. 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

Forex – Stronger Dollar Eases Off 5-week Low Against Yen Posted: 04 May 2011 12:55 AM PDT Forex Pros – The U.S. dollar eased off a five-week low against the yen on Wednesday, but the upside was seen as limited after the U.S. Federal Reserve indicated last week that U.S. interest rates will remain close to record lows for a prolonged period.<br /><br />USD/JPY hit 81.11 during early European trade, the daily high; the pair subsequently consolidated at 81.00, easing up 0.08%.<br /><br />The pair was likely to find short-term support at 80.69, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Testing Hourly Resistance @ 81.066 Posted: 04 May 2011 12:52 AM PDT The pair just can't seem to secure a close above this level; we haven't seen trading above 81.066 in over 24 hours. With Japanese banks being closed today in observance of Children's day, any play in the JPY will be purley … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Romania Central Bank Holds Rate At 6.25% Posted: 04 May 2011 12:38 AM PDT The Banca Nationala a Romaniei held its monetary policy rate unchanged at 6.25% and made no changes to minimum reserve requirements.  The Bank said: “The monetary policy stance is aimed at preserving the prospects for resuming disinflation despite the recent inflationary shocks, with broad monetary conditions remaining adequate for fulfilling the medium-term inflation target,”.  Romania reported annual inflation of 8.01% in March, up from 7.6% in April as cost push inflation factors … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Hits 2-week Low As Risk Sentiment Weakens Posted: 04 May 2011 12:21 AM PDT Forex Pros – The New Zealand dollar fell to a two-week low against its U.S. counterpart on Wednesday, as commodity prices fell and after data showed the nation had the biggest net outflow of residents in more than 10 years in March.<br /><br />NZD/USD hit 0.7918 during late Asian trade, the pair&rsquo;s lowest since April 20; the pair subsequently consolidated at 0.7939, shedding 0.57%.<br /><br />The pair was likely to find support at 0.7879, the low of April 20 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Eases Off 5-day Low But Gains Limited Posted: 04 May 2011 12:07 AM PDT Forex Pros – The Australian dollar edged slightly higher after falling to a five-day low against its U.S. counterpart earlier Wednesday, as traders locked in profits after a sharp drop in commodities, particularly silver.<br /><br />AUD/USD clawed back up from 1.0790, the pair&rsquo;s lowest since April 27, to hit 1.0852 during late Asian trade, easing up 0.07%.<br /><br />The pair was likely to find support at 1.0675, the low of April 26 and resistance at 1.0951, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Firmer, Testing 1.4838 Posted: 04 May 2011 12:05 AM PDT We see the euro firmer in recent trade following comments that Portugal's bailout may include up to 12 billion for banking sector recapitalization. 1.4838 appears to be the key level in EUR/USD right now. Resistance has been found at this level multiple times this week so far this week; you can see below that when resistance held, the pair sold off but found support at 1.47673. A close higher could signal further bullish movement in which case the 1.4879 area would be where we look to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For May 4, 2011 Posted: 03 May 2011 11:53 PM PDT By ForexMansion.com   The GBP/USD fell apart today, plunging under the 1.65 area. Because of this, the pair looks like it might be bearish for the immediate future. Very heavy support is still seen at 1.63, and is likely to be tested. Shorting is still difficult as the move was so sudden that it hasn't given many people the chance to get involved. Look for support at 1.63, and a possible buying opportunity. As for shorting – it would be against a long-term trend, and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Decline On China Tightening Concerns; Nikkei Closed Posted: 03 May 2011 11:50 PM PDT Forex Pros – Asian stock markets were broadly lower in holiday-thinned trade on Wednesday, as shares in the financial and commodity sectors led markets lower amid concern over further monetary tightening by China.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.6%, South Korea’s Kospi Composite sank 0.91%, while Japan&rsquo;s Nikkei 225 Index was closed for a public holiday. <br /><br />The People&rsquo;s Bank of China said in a first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For May 4, 2011 Posted: 03 May 2011 11:47 PM PDT By ForexMansion.com   AUD/USD finally had a sharp drop in value today, and the market should be welcoming to that reality. The truth is that this pair needs to fall even further as the parabolic nature of the recent action requires it before too long. By drifting back to the 1.07 and 1.05 areas, this should set up for buying opportunities in a few days. Until then, simply observing this pair is the correct route. Originally posted here Read more about forex technical analysis, forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Slips But Supported Ahead Of ECB Meeting Posted: 03 May 2011 11:36 PM PDT Forex Pros – The euro slipped against the U.S. dollar on Wednesday, but remained supported as the European Central Bank was expected to indicate it was ready to raise interest rates further after its policy meeting later in the week.<br /><br />EUR/USD hit 1.4776 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4825, dipping 0.02%.<br /><br />The pair was likely to find support at 1.4631, the low of April 27and resistance at 1.4901, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Nationwide HPI Dips Unexpectedly In April Posted: 03 May 2011 11:25 PM PDT Forex Pros – U.K. house prices fell unexpectedly in April, industry data showed on Wednesday.<br /><br />In a report, U.K. mortgage lender Nationwide said its house price index fell by a seasonally adjusted -0.2% in April, after rising by 0.5% in March.<br /><br />Analysts had expected the house price index to rise by 0.1% in April.<br /><br />The report showed that year-over-year, home prices in the U.K. fell at an annualized rate of -1.3% in April, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Federal Mogul Corp Posted: 03 May 2011 11:05 PM PDT Federal-Mogul Corp. (NASDAQ:FDML) has pushed through a point of resistance thanks to a recent earnings report. The company, once again, topped expectations and analysts are raising estimates. Shares are up to Zacks #1 Rank (Strong Buy) and also trade with solid valuations. Company Description Federal-Mogul makes powertrain and safety solutions for the automotive, commercial, aerospace, marine, rail, agriculture and other equipment. A Big Surprise On Apr 28 Federal-Mogul reported its first quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Cummins, Inc. Posted: 03 May 2011 11:05 PM PDT Cummins, Inc. (NYSE:CMI) recently spiked into a new high after reporting strong Q1 results that included a 22% earnings surprise. With an average earnings surprise of 16% over the last four quarters and a bullish growth projection, this Zacks #1 rank stock offers another gear for momentum. Company Description Cummins, Inc. designs, manufactures and sells diesel and natural gas engines and engine components worldwide. The company was founded in 1919 and has a market cap of $23 billion. CMI has had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: UMB Financial Corporation Posted: 03 May 2011 11:05 PM PDT UMB Financial Corporation (NASDAQ:UMBF) recently reported another solid quarter marked by growing non-interest income and solid credit quality. Earnings per share beat the Zacks Consensus Estimate by 31%, prompting analysts to revise their estimates significantly higher. It is a Zacks #2 Rank (Buy) stock. The company also pays a dividend that yields a solid 1.9%. Unlike many of its peers, UMB did not cut its dividend during the financial crisis. Company Description UMB Financial is a financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Office Depot, Inc. (ODP) Posted: 03 May 2011 11:05 PM PDT Office Depot (NYSE:ODP), which has been persistently losing market share to industry stalwarts, recently posted lower-than-expected first-quarter 2011 results. The underperformance can be traced back to sluggish sales across each business segment that suffered due to lower customer transaction counts and the divestiture of businesses in Japan and Israel. The company reported a 3.2% drop in the top-line and a break-even bottom-line, with both falling short of the Zacks Consensus Estimates. A sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: SurModics, Inc. (SRDX) Posted: 03 May 2011 11:05 PM PDT We are upgrading SurModics Inc. (NASDAQ:SRDX) to Outperform from Neutral following its strong showing in the second quarter of fiscal 2011. Adjusted earnings in the quarter came in at $0.08 per share, well ahead of break-even earnings suggested by the Zacks Consensus Estimate. Following the strong showing, the company raised its revenues and earnings projections for fiscal 2011. We have also raised our earnings estimates for fiscal 2011 and fiscal 2012. Our fiscal 2011 earnings estimates are within … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 03 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 1.4810, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4902, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8991 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For May 4, 2011 Posted: 03 May 2011 10:28 PM PDT By ForexMansion.com   The EUR/JPY fell really hard today, but bounced in later trading forming a hammer and showing the 120 area to be supportive again. This area could be a launching point for new buyers as we try to race upwards with a possible new bull move. Shorting isn't advised as we have central banks below, and also made a higher low last time we fell. The market looks to be supportive at this level, and a break of the highs today would be a buy signal. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For May 4, 2011 Posted: 03 May 2011 10:27 PM PDT By ForexMansion.com   The EUR/USD pair had a slightly bullish day today again, but the charts are starting to look a little tired at this level. It cannot be ignored that the last two days have formed shooting stars, and could be pointing south. The market has support below at 1.45 and 1.46 as well. Because of this, shorting isn't recommended, but rather waiting for the pullback is. Buying at those levels might be the move to make. Originally posted here Read more about forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 03 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 1.6482, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6457, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8986 and GBP/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For May 4, 2011 Posted: 03 May 2011 10:22 PM PDT By ForexMansion.com   The EUR/GBP launched today, clearly signaling the intention to rise higher. The 0.90 mark was reached right away, and will certainly be looking for bigger moves in the future. The market could pull back slightly, but should only be buying opportunities as we have certainly entered the next bull run in this pair. 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

Peter Schiff: “It’s A Good Time To Buy Silver” Posted: 03 May 2011 10:01 PM PDT Peter Schiff on Fast Money discussing the recent pullback in silver, which he sees as a buying opportunity.  It's interesting in general how much coverage silver gets on Fast Money these days, but it makes sense since silver has had the biggest percentage gain of any market over the past year.  If there's one thing Fast Money is good at is telling you what the hot markets are, whether their timing is good or not is another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours Posted: 03 May 2011 09:55 PM PDT Forex Pros – The Euro was higher against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.2783, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.2766, today&rsquo;s low, and resistance at 1.2960, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.16% to hit 1.4801 and EUR/JPY falling 0.22% 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: 03 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 0.8635, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.8596, Tuesday&rsquo;s low, and resistance at 0.8748, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.14% to hit 1.4804 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: 03 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 0.8988, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.8859, Monday&rsquo;s low, and resistance at 0.9006, Tuesday&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 1.4795 and EUR/JPY falling 0.17% 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: 03 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 80.94, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 80.70, Tuesday&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.15% to hit 1.4803 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil, Gold Decline As Traders Begin To Position For The Expiry Of QE2 Posted: 03 May 2011 08:24 PM PDT Commodities – Energy Crude Oil Follows S&P 500 Lower WTI Crude Oil (NY Close): $111.05 // -2.47 // -2.18% Prices took out support at the bottom of a rising channel set from mid-March, finding interim support just above the $110 figure (the April 15 high). A corrective bounce from here sees resistance at $113.65, while continued selling aims to challenge $105.53. Oil prices fell despite an API report showing crude inventories declined last week, with the WTI contract following shares lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 03 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 0.9543, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 0.9447, Monday&rsquo;s low, and resistance at 0.9548, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.30% to hit 1.4781 and GBP/USD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade Posted: 03 May 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0809, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.0790, today&rsquo;s low, and resistance at 1.1013, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.11% to hit 1.3686 and AUD/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You Have Got To Be Kidding Me! – Hecla Mining Posted: 03 May 2011 07:16 PM PDT Feeling in a slightly humorous mood, this light hearted post will offer a glimpse at the irrational and ridiculous current market pricing of mining stocks in general, and Hecla Mining Co (HL) in particular. Yes, I own Hecla Mining stock as you may recall. But I am not selling it – no matter how crazy it gets during the rest of this week. And I’ll show you why with a weekly chart in a moment, but first let’s look at the HL daily chart. Today Hecla reached $8.17. Hecla has bottomed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 03 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 1.4784, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4902, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8980 and EUR/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Looking Down Posted: 03 May 2011 07:04 PM PDT It’s been said that the young are our future. Based on this post from the New York Times’ Economix blog, “Dimming Optimism for Today's Youth,” it seems we don’t have much to look forward to. Maybe it has to do with sky-high levels of youth unemployment. Maybe it's because student loan levels are climbing. Maybe it's because today's young'uns will someday be stuck supporting so many of their elders. Whatever the reason, for the first time on record, most Americans said they did not … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 03 May 2011 06:35 PM PDT Forex Pros – The Euro was lower against the Japanese Yen on Wednesday.<br/><br/> EUR/JPY was trading at 119.56, down 0.36% at time of writing.<br/><br/> The pair was likely to find support at 119.21, Tuesday&rsquo;s low, and resistance at 121.14, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.24% to hit 1.4790 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 03 May 2011 05:45 PM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.<br/><br/> GBP/JPY was trading at 133.50, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 132.95, Tuesday&rsquo;s low, and resistance at 136.12, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.02% to hit 1.6484 and EUR/GBP rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Tuesday, May 3, 2011 Posted: 03 May 2011 04:01 PM PDT For the second session in a row stocks saw declines. The main difference between today’s session and the prior session was market activity indicated investors were taking some of their profits off the table today. The Nasdaq Composite saw the biggest declines out of the three major indexes as it fell 0.8%. The S&P 500 fell less as some of its components managed to lessen the losses and the DJIA was flat with help from Alcoa (symbol: AA). Some rumors were swirling that Alcoa might receive a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For May 04, 2011 Posted: 03 May 2011 12:20 PM PDT By ForexMansion.com   The USD/CAD pair was little changed on Tuesday, where the U.S. dollar slightly rose against majors, while commodity prices eased, nevertheless, a crushing victory by the Conservative party in the elections helped the Canadian dollar to gain momentum, and accordingly, the USD/CAD pair was little changed. The USD/CAD pair could still rise given that the strength of the U.S. dollar prevails, nevertheless, any gains for the pair will be limited over the short term, since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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