Tuesday, May 24, 2011

DailyMarkets.com - Forex – EUR/USD Pulls Away From 2-month Low, Debt Woes Persist

DailyMarkets.com - Forex – EUR/USD Pulls Away From 2-month Low, Debt Woes Persist


Forex – EUR/USD Pulls Away From 2-month Low, Debt Woes Persist

Posted: 24 May 2011 03:49 AM PDT

Forex Pros – The euro pulled back from a two-month low against the U.S. dollar on Tuesday, but remained vulnerable to further losses amid fears that the regions sovereign debt crisis could spread.<br /><br />EUR/USD clawed back up from 1.4001, the day&rsquo;s low to hit 1.4096 during European early afternoon trade, gaining 0.34%.<br /><br />The pair was likely to find short-term support at 1.3968, Monday&rsquo;s low and a 10-wek low and resistance at 1.4144, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


What’s A College Degree Worth?

Posted: 24 May 2011 03:35 AM PDT

Interactive graphic of median earnings by college major and subject area.  

Full article here from The Chronicle of Higher Education on the earnings of 171 college … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Corn Futures Hit 2-day Low As U.S. Crop Concerns Ease

Posted: 24 May 2011 03:24 AM PDT

Forex Pros – utures Pros &ndash; Corn futures were down for a second day on Tuesday, as concerns over U.S. crop conditions eased and amid speculation of a slowdown in demand from China, the world&rsquo;s second largest corn consumer.&nbsp;&nbsp; <br /><br />On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD7.5150 a bushel during European morning trade, shedding 0.45%. <br /><br />It earlier fell as much as 0.8% to USD7.4812 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Falls After Greek Opposition Leader Samaras Says Rejects New Austerity Plan.

Posted: 24 May 2011 03:07 AM PDT

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


Forex – Dollar Hits Daily Low Against Swiss Franc On EZ Debt Fears

Posted: 24 May 2011 03:01 AM PDT

Forex Pros – The U.S. dollar slid to a daily low against the Swiss franc on Tuesday, as continuing concerns over sovereign debt issues in the euro zone spurred investor demand for the safe haven franc.<br /><br />USD/CHF hit 0.8801 during European morning trade, the daily low; the pair subsequently consolidated at 0.8804, shedding 0.36%.<br /><br />The pair was likely to find short-term support at 0.8746, Friday&rsquo;s low and an eight-day low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Industrial New Orders Fall More-than-expected

Posted: 24 May 2011 02:23 AM PDT

Forex Pros – Industrial new orders in the euro zone fell more-than-expected in March, official data showed on Tuesday.<br /><br />In a report, Eurostat said that industrial new orders fell by a seasonally adjusted -1.8% in March, after rising by 0.5% in February, whose figure was downwardly revised from 0.9%.<br /><br />Analysts had expected industrial new orders to fall by -1.1% in March.<br /><br />The report showed that the annualized rate of industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Extends Gains After U.K. Borrowing Rises To Record

Posted: 24 May 2011 02:19 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, rising to a two-day high after official data showed that U.K. public sector borrowing rose to a record high in April.<br /><br />EUR/GBP hit 0.8743 during European morning trade, the pair&rsquo;s highest since Friday; the pair subsequently consolidated at 0.8730, gaining 0.20%.<br /><br />The pair was likely to find support at 0.8663, Monday&rsquo;s low and a two-month low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Rebound On Commodity Producers; DAX Up 0.6%

Posted: 24 May 2011 02:17 AM PDT

Forex Pros – European stock markets were up on Tuesday, rebounding from the previous day&rsquo;s sharp decline as shares in raw material producers advanced after commodity prices strengthened, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 rose 0.4%, France&rsquo;s CAC 40 gained 0.25%, while Germany’s DAX 30 climbed 0.6%.&nbsp; <br /><br />Meanwhile, the commodity-heavy FTSE … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Public Sector Net Borrowing Rises More-than-expected

Posted: 24 May 2011 01:35 AM PDT

Forex Pros – ublic sector net borrowing in the U.K. rose more-than-expected in April, official data showed on Tuesday.<br /><br />In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income rose to GBP7.7 billion in April, after jumping to GBP15.6 billion in March, whose figure was revised down from GBP16.4 billion.<br /><br />Economists had expected public sector net borrowing to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Down Vs. Rivals As Risk Appetite Returns

Posted: 24 May 2011 01:31 AM PDT

Forex Pros – The U.S. dollar was down against all of its major counterparts on Tuesday, as risk appetite staged a modest recovery but concerns over the euro zone sovereign debt crisis continued to linger, keeping investors on edge.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.32% to hit 1.4091.<br /><br />Earlier Tuesday, data showed that German business confidence held steady in May, confounding expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Rebound On Weaker Dollar, Goldman Upgrade

Posted: 24 May 2011 01:22 AM PDT

Forex Pros – Crude oil futures were up on Tuesday, rebounding from the previous day&rsquo;s sharp drop, as the U.S. dollar weakened, while influential Wall Street banks Goldman Sachs and Morgan Stanley raised their oil-price forecast. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD98.78 a barrel during European morning trade, jumping 1.3%.&nbsp;&nbsp;&nbsp; <br /><br />It earlier rose by as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Ifo Business Climate Holds Steady In May

Posted: 24 May 2011 01:12 AM PDT

Forex Pros – German business confidence held steady in May, confounding expectations for a modest decline, industry data showed on Tuesday.<br /><br />In a report, the German research institute, Ifo said its Business Climate Index held steady at a seasonally adjusted 114.2 in May. Analysts had expected the index to decline to 113.7.&nbsp; <br /><br />The Current Assessment Index rose to 121.4 from 121.0, confounding expectations for a drop to 120.7. The Business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Pound Eases Off 6-week Low Against Dollar

Posted: 24 May 2011 12:58 AM PDT

Forex Pros – The pound pulled back from a six-week low against the U.S. dollar on Tuesday, as a rally in commodities and stocks boosted risk appetite and comments by a Federal Reserve official weighed on the dollar.<br /><br />GBP/USD clawed back up from 1.6056, the pair&rsquo;s lowest since April 1 to hit 1.6129 during European morning trade, gaining 0.05%.<br /><br />Cable was likely to find support at 1.5970, the low of April 1 and resistance at 1.6232, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Slips To Daily Low Against Yen After Bullard Remarks

Posted: 24 May 2011 12:44 AM PDT

Forex Pros – The U.S. dollar slipped to a daily low against the yen on Tuesday, after a senior Federal Reserve official said the bank was likely to keep policy rates on hold after the second round of monetary easing ended next month.<br /><br />USD/JPY hit 81.62 during early European trade, the daily low; the pair subsequently consolidated at 81.78, shedding 0.26%.<br /><br />The pair was likely to find support at 80.72, the low of March 17 and resistance at 82.23, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Campbell Soup Just Beats

Posted: 24 May 2011 12:35 AM PDT

Campbell Soup Co. (NYSE:CPB) reported fiscal 2011 third-quarter adjusted earnings of 57 cents per share, beating the Zacks Consensus Estimate of 52 cents a share and year-ago results of 54 cents per share.
Campbell's net sales during the quarter increased by 1.0% year over year to $1,813 million, marginally beating the Zacks Consensus Estimate of $1,811 million. The increase was primarily the result of a 2% spike in price and sales allowances and favorable currency translations of 2%, partially … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Climb To 2-week High On Persistent EU Concerns

Posted: 24 May 2011 12:30 AM PDT

Forex Pros – Gold futures were up for a third day on Tuesday, climbing to a two-week high as worries that the euro zone&rsquo;s sovereign debt crisis was worsening boosted the safe haven appeal of the precious metal and lifted euro-denominated gold to an all-time high.&nbsp;&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,519.95 a troy ounce during late Asian trade, edging 0.09% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Rebounds From 5-week Low As Commods Recover

Posted: 24 May 2011 12:18 AM PDT

Forex Pros – The Australian dollar rebounded from a five-week low against its U.S. counterpart on Tuesday, as a rally in commodities and stocks bolstered demand for higher yielding assets.<br /><br />AUD/USD hit 1.0562 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0550, gaining 0.42%.<br /><br />The pair was likely to find short-term support at 1.0477, Monday&rsquo;s low and a five-week low and resistance at 1.0654, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CHMP Backs Biogen’s Fampyra

Posted: 24 May 2011 12:05 AM PDT

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMEA) recently issued a positive opinion regarding the conditional approval of Biogen Idec's (NASDAQ:BIIB) Fampyra. Biogen is seeking approval for the use of Fampyra (fampridine) for improving walking ability in adult patients with multiple sclerosis.
The CHMP's positive opinion comes as a surprise as earlier this year the committee had recommended against the approval of Fampyra. Biogen had subsequently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hits 2-day High After Inflation Expectations Data

Posted: 24 May 2011 12:02 AM PDT

Forex Pros – The New Zealand dollar surged to a two-day high against its U.S. counterpart on Tuesday, as commodity prices recovered and a report showed that domestic inflation expectations rose in the second quarter.<br /><br />NZD/USD hit 0.7970 during late Asian trade, the pair&rsquo;s highest since Friday; the pair subsequently consolidated at 0.7964, surging 0.79%.<br /><br />The pair was likely to find support at 0.7857, Monday&rsquo;s low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Mixed As EU Debt Concerns Linger; Nikkei Up 0.17%

Posted: 23 May 2011 11:47 PM PDT

Forex Pros – Asian stock markets were mixed on Tuesday, as shares in commodity producers were broadly higher, however gains were limited amid lingering fears over the euro zone&rsquo;s debt crisis. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index edged 0.1% lower, South Korea’s Kospi Composite added 0.29%, while Japan&rsquo;s Nikkei 225 Index eased up 0.17%. <br /><br />On Monday, Fitch Ratings lowered the outlook on Belgium&rsquo;s credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Close To 10-week Low As Debt Concerns Persist

Posted: 23 May 2011 11:34 PM PDT

Forex Pros – The euro edged higher against the U.S. dollar on Tuesday, but remained within striking distance of Monday&rsquo;s 10-week low amid fears that the region&rsquo;s sovereign debt crisis could spread to Spain or Italy. <br /><br />EUR/USD hit 1.4081 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4054, easing up 0.05%.<br /><br />The pair was likely to find short-term support at 1.3968, Monday&rsquo;s low and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Popular Exit Strategies- The Good, The Bad, The Ugly

Posted: 23 May 2011 11:18 PM PDT

Posted on the SmartStops Education Center.   … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold May Bounce On S&P 500 Recovery, Oil Technical Setup Favors Losses

Posted: 23 May 2011 11:06 PM PDT

Commodities – Energy
Crude Oil Technical Setup Points to Deeper Losses
WTI Crude Oil (NY Close): $97.70 // -1.79 // -1.80%
Prices continue to consolidate below the 50% Fibonacci retracement of the drop from the May 2 high at $104.73, with anything shy of a daily close above this boundary keeping the overall structure bearish. A descending triangle formation above $94.65 bolsters the case for downward continuation, with a daily close below the pattern's lower boundary initially exposing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Ferrellgas Partners (FGP)

Posted: 23 May 2011 11:05 PM PDT

Ferrellgas Partners (NYSE:FGP), since the beginning of fiscal 2011, has already made four acquisitions. However, the partnership’s results in the second quarter continued the past trend of poor earnings.
Moreover, we believe the absence of distribution growth for more than a decade has led the partnership to trade at a discount to its propane peers. We do not see any catalyst to change this situation in the near-term, which should affect the unit price going forward.
We also see increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Humana, Inc. (HUM)

Posted: 23 May 2011 11:05 PM PDT

Humana Inc. (NYSE:HUM) posted strong first quarter earnings, beating both the Zacks Consensus Estimate and the prior-year earnings, owing to improved performance in the Employer Group and Health and Well-Being Services business segments. Humana benefited from the new rule of the health care reform, which led to an increase in the share repurchase authorization and Humana’s 2011 outlook.
Humana also initiated a cash dividend to its shareholders on the strong outlook. The company’s medical and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: American Campus Communities, Inc.

Posted: 23 May 2011 11:05 PM PDT

American Campus Communities, Inc. (NYSE:ACC) recently delivered better than expected first quarter results, including a 13% positive earnings surprise.
Funds from operation (FFO) more than doubled over the same period in 2010 as revenue rose 27%.
Analysts revised their estimates higher off the strong quarter, sending the stock to a Zacks #2 Rank (Buy). ACC also pays a dividend that yields an attractive 3.9%.
American Campus Communities is a REIT focused on the development and management of student … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Liquidity Services, Inc.

Posted: 23 May 2011 11:05 PM PDT

Liquidity Services, Inc. (NASDAQ:LQDT) is fresh off the heels of an impressive Q1 earnings surprise of 80% that lifted shares to a new 52-week high. With a bullish growth projection and upward estimate revisions, this Zacks #1 rank stock is a solid pick for momentum.
Company Description
Liquidity Services, Inc. operates an online auction marketplace for business and government clients to sell surplus or salvage assets. The company was founded in 1999 and has a market cap of $530 million.
LQDT has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Zumiez, Inc.

Posted: 23 May 2011 11:05 PM PDT

Zumiez, Inc. (NASDAQ:ZUMZ) recently posted its tenth consecutive earnings surprise, but the weak market has keep shares down.
Rising estimates have pushed shares to a Zacks #1 Rank (Strong Buy) and this could be a great entry point.
Company Description
Zumiez makes action sports footwear, apparel and equipment geared toward teens and young adults for sports like skateboarding, surfing, snowboarding, motocross and BMX.
Topped Forecasts
On May 19 Zumiez reported quarterly results that showed a 19% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Tuesday 24 May

Posted: 23 May 2011 10:55 PM PDT

Market is expected to be choppy for this few sessions. Despite recent volatility in oil price, some analysts remain bullish on crude. If they’re correct, this will help some but not all Asian energy shares. US markets ended lower overnight on rising fears about the euro zone’s debt problem, but local real estate stocks may get support from a takeover offer for Allgreen.

Property firm Allgreen may be in focus after Brookvale, a firm linked to Malaysian tycoon Robert Kuok, offered to take over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 23 May 2011 10:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4064, up 0.12% 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 up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8730 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jones Lang LaSalle Gets Awarded

Posted: 23 May 2011 10:35 PM PDT

Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), has recently been adjudged as the best overall provider of corporate real estate services by the Watkins 2011 Survey of Corporate Real Estate Service Providers.
The Watkins Survey is widely recognized as the industry standard for gauging the motivation for hiring a corporate real estate firm, and the level of performance satisfaction realized by public and privately-held corporations with the service.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 23 May 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6120, down 0.01% 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 down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8731 and GBP/JPY falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Daily Fundamental Analysis For May 25, 2011

Posted: 23 May 2011 09:56 PM PDT

By ForexMansion.com
The AUD/NZD pair dropped sharply early Tuesday in Asia, despite the Australian dollar's appreciation verses the greenback. Kiwi led the pair’s drop supported by the bets that the RBNZ will increase the interest rate this year.
The Reserve Bank of New Zealand two-year inflation expectations rose to 3.00% for the second quarter, from the previous 2.6%. The RBNZ Governor Alan Bollard is required to remain the inflation rate between 1% and 3% on the year.
The RBNZ is facing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 23 May 2011 09:55 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.2466, up 0.41% 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 up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.4065 and EUR/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Daily Fundamental Analysis For May 25, 2011

Posted: 23 May 2011 09:54 PM PDT

By ForexMansion.com
The European debt crisis is pressuring Asian currencies amid high risk aversion and jitters. Nonetheless, the Australian rebounded against its major counterpart the dollar as commodity prices increased along with equities rebound in Asia on Tuesday, supporting aussie to recover.
The Australian dollar was affected by the Chinese manufacturing sector slowing expansion during the first months of the year as the Chinese market is the largest for Australian products, which pushed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Daily Fundamental Analysis For May 25, 2011

Posted: 23 May 2011 09:54 PM PDT

By ForexMansion.com
The USD/JPY pair continued trading in a narrow range, after the dollar retreated against its major counterparts in a correctional movement for the previous rally. On the other hand, the Japanese currency is mixed across the FOREX market with the absence of Japanese fundamentals.
The US dollar lost momentum against majors early Tuesday, as the possible retreat in new home sales in U.S. is reduced demand for greenback.
However, the risk aversion could be the next scenario for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Daily Fundamental Analysis For May 25, 2011

Posted: 23 May 2011 09:53 PM PDT

By ForexMansion.com
The NZ economy's inflation expectations for the second quarter rallied higher, signaling that the Reserve Bank of New Zealand will need to raise the interest rates to contain inflation.  
Higher inflation expectations have jumped due to the increased demand for commodities in world markets that pushed fuel prices to climb.
Meanwhile, the New Zealand currency has grabbed investors’ attention after it rebounded versus its major counterpart because as commodities prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


What Will Happen As QE2 Ends?

Posted: 23 May 2011 09:46 PM PDT

The euro (FXE) slid compared to the US dollar (UUP) after meeting and reversing at its long-term downtrend resistance line two weeks ago. About four weeks prior to that, I alerted readers that the euro could reverse lower supporting precious metal prices. In a March 28 article I wrote, "Watch for a move out of the euro to support precious metals prices as the euro reaches its descending upper resistance level. For the past two years the euro and the dollar have done this inverted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD’s Retracement Targets Ahead Of The European Session

Posted: 23 May 2011 09:40 PM PDT

EUR/USD Opens up he 1.3750 and 1.3450 Support Clusters Below 1.40 (5/23)
EUR/USD

Short-term- The EUR/USD is in a correction after cracking below 1.40. The current rally appears to be a in a corrective structure, although it is still too early to say.
- To maintain the bearish outlook, the RSI in the 1H chart should remain below 60.
- The retracement should not exceed 61.8% near 1.42. The 50% retracement is at the 1.4160 level.
- A wave equality target is at the 1.41 level. The 1.41-1.4120 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 23 May 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8860, up 0.25% 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 down against the Euro and the Japanese Yen, with EUR/USD gaining 0.09% to hit 1.4061 and USD/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rick Rule: The Value Of Holding Cash

Posted: 23 May 2011 09:19 PM PDT

Rick Rule discusses the value of holding cash in your portfolio during a volatile market.  He says it gives you "the ability and courage to act in down markets".  Having a good cash percentage in your portfolio also minimizes your losses, which allows you to have a better state of mind when the market becomes safe enough to invest in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Google Risk Alert – The Option Response

Posted: 23 May 2011 09:18 PM PDT

Google Risk Alert – The Option Response
by Michael C. Thomsett, contributing writer
(For those familiar with options trading and authorized to transact the following level of transactions)
Google (NASDAQ:GOOG) fell and triggered its SmartStop today at $514.99, an indication that the equity is experiencing a period of above normal risk. What can you do?
A potential problem with any long options positions on Google is cost. Options on high-priced stocks like Google are very expensive. However, there … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Daily Fundamental Analysis For May 24, 2011

Posted: 23 May 2011 09:03 PM PDT

By ForexMansion.com
 
As of 08:30 GMT, UK public sector net borrowing for April will show decline in deficit to 4.4 billion pounds from 16.4 billion pounds, according to median estimates, while public finances will record 2.5 billion pounds deficit from 24.5 billion pounds deficit. In the US, new home sales will be due at 14:00 GMT, where analysts predict to see a slow in growth to 1.7% from the prior 11.1%.
An improvement in public finance may help the pound to rebound after the pair did … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Daily Fundamental Analysis For May 24, 2011

Posted: 23 May 2011 09:02 PM PDT

By ForexMansion.com
 
As the Swiss economy lacks economic data, the main focus will be new home sales for April due at 14:00 GMT which will provide evidence about the status of the housing market, where analyst predict to see a drop to 0.0% from the prior 11.1%.
On Monday, Swiss M3 money supply inched up to 6.9% in the year ending April from the revised 6.8%, yet the news did not have an impact on the pair’s movements.    
Eyes will track US housing data after the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 23 May 2011 09:00 PM PDT

Forex Pros – The Euro was higher against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8726, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 0.8665, Monday&rsquo;s low, and resistance at 0.8845, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.07% to hit 1.4058 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


RBNZ Survey Shows Higher Inflation Expected In The Next 2 Years

Posted: 23 May 2011 08:58 PM PDT

The Reserve Bank of New Zealand's survey of company executives during the second quarter showed higher inflation expectations. According to the 75 executives in the survey, overall inflation will average 3% in the period of two years. The previous expectation for first quarter conducted in February showed an average expectation of 2.64%.
The RBNZ report also showed better sentiment for the NZ economy, as two-year average annual GDP was expected to grow at 2.8% versus 2.6% in first quarter's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 23 May 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 81.82, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 81.33, Monday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.12% to hit 1.4065 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 23 May 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9764, down 0.15% 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 down against the Euro and up against the British Pound, with EUR/USD gaining 0.06% to hit 1.4056 and GBP/USD falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


12% Of Americans Are Immigrants, But The Top 70% Of Science Students Are Children Of Immigrants

Posted: 23 May 2011 07:31 PM PDT

From the Executive Summary of the new study “The Impact of the Children of Immigrants on Scientific Achievement in America” by Stuart Anderson of the National Foundation for American Policy: 

“One surprising characteristic unites the majority of America's top high school science and math students – their parents are immigrants. While only 12 percent of the U.S. population is foreign-born, 70 percent of the finalists in the 2011 Intel Science Talent Search competition were the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 23 May 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0519, up 0.13% 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/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.22% to hit 1.3345 and AUD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 23 May 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4044, down 0.03% 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 up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8716 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down During Asian Trade

Posted: 23 May 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Tuesday.<br/><br/> EUR/JPY was trading at 114.96, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 113.88, Monday&rsquo;s low, and resistance at 117.24, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.05% to hit 1.4041 and EUR/GBP rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gas Breaks Wind (Power)

Posted: 23 May 2011 06:05 PM PDT

Ignacio Galan, chief executive of the Spain-based energy group Iberdrola, was quoted in the Financial Times (May 23, 2011)stating that the rise in United States shale gas production has transformed the country’s power-generating industry, driving down gas and electricity prices. “Shale gas makes the production of electricity from other sources not attractive enough”.

This bodes poorly for investors hoping to profit from further wind power development in the United States, and perhaps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 23 May 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 131.76, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 131.28, Monday&rsquo;s low, and resistance at 132.99, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.16% to hit 1.6096 and EUR/GBP rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:25 PM PDT

By ForexMansion.com

 
The USD/CHF pair rose during Monday trading, but still remains under the most recent bearish trend line that the market has been respecting. Because of this, we remain bearish on this pair, although an overdue bounce has been happening recently. The 0.88 level is showing itself to be extremely stubborn and is likely to continue to be so. This is a "sell the rallies" pair in our judgement.

Originally posted here
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USD/JPY Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:20 PM PDT

By ForexMansion.com

 
The USD/JPY pair rose in value Monday, as the Dollar gained on almost every other currency. The pair looks fairly bullish as the 80-81 area continues to hold as support. The central banks are paying special attention to this pair, and will not let it fall too far below 80. The market knows this, and because of that, we aren't selling under any circumstances. A break of the 82.50 level sends this pair higher.

Originally posted here
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USD/CAD Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:19 PM PDT

By ForexMansion.com

 
The USD/CAD pair rose in Monday trading, piercing and breaking through the 0.97 level, which had served as such significant resistance over the last couple of weeks. The pair did fall towards the end of the day, and is presently looking to form a bearish shooting star. It should be noted that the area it is in extends to 0.98 as well – so it is in the middle of the resistance range. The pair looks like it might be ready to roll back over. However, we would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:15 PM PDT

By ForexMansion.com

 
The NZD/USD pair fell on Monday, but only bounced late in the day. The pair shows its strength by doing this, but is still stuck in this 200 pip range, as shown by the inability of the market to crack through the 0.78 area. Look to see choppy trading in this pair over the next few days, and the 0.80 and 0.78 areas to be the boundaries.

Originally posted here
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GBP/USD Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:14 PM PDT

By ForexMansion.com

 
The GBP/USD pair fell on Monday, and closed towards the lows of the day – a very bearish sign. The pair still has significant support at the 1.60 area, and the pair seems intent on testing it now. The trend looks to be shifting, but we prefer to wait to see if 1.60 will give way before we short this pair. On the buy side – it is going to be difficult until we see real strength.

Originally posted here
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GBP/JPY Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:13 PM PDT

By ForexMansion.com

 
The GBP/JPY pair fell on Monday, but snapped back during the late hours to form a hammer. This is a bullish sign, and it appears in the middle of a consolidation area, so this jives well for the future of this pair. We of course would like to see a break of Monday's highs before we get involved, and can only wait to see if that happens. Central banks sitting below makes this a buy only pair.

Originally posted here
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GBP/CHF Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:12 PM PDT

By ForexMansion.com

 
The GBP/CHF pair fell on Monday, but only barely. This pair is very risk-sensitive, so it would make sense that it would fall as the world worries about various problems in the EU. Of course, we wait to see a technical signal before placing a trade. In this pair, it will simply be if we can make new lows. If that happens, we are sellers. Also, a nice rally to fade would work as well as the bearish pressure on this pair is extremely high.

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EUR/USD Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:11 PM PDT

By ForexMansion.com

 
The EUR/USD fell hard on Monday, but managed to rise back above the all-important 1.40 level, a major support area. This is more or less the "line in the sand" for the Euro as if 1.40 gives way there will be much, much more. A bounce is very possible here, but the pressure is decidedly downward. If we can sustain the break of 1.40 we will see much lower prices. The  issues in Greece will certainly weigh on the Euro in the near future as well.

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EUR/JPY Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:06 PM PDT

By ForexMansion.com

 
The EUR/JPY pair fell on Monday, but snapped back to form a perfect hammer at the end of the day to make a nice buying set up. The 115 level proves its significance yet again, and the central banks are sitting below waiting to support this pair. Because of this, we wait to see a break of the Monday's highs to buy this pair. Selling is too dangerous with the CBs sitting down there.

Originally posted here
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EUR/GBP Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:05 PM PDT

By ForexMansion.com

 
The EUR/GBP fell hard on Monday, only to bounce in the latter part of the trading day, and forming a hammer. This is the bottom of the most recent consolidation range, and it looks like we may be a little too stubborn to break out of it for the time being. The 0.87 to 0.8850 area seems to still be where this pair wants to trade.

Originally posted here
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EUR/CHF Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:04 PM PDT

By ForexMansion.com

 
The EUR/CHF fell hard on Monday, and even broke to all-time lows. However, the pair managed to rise back above the all-important 1.24 level, and has formed a prefect hammer. This certainly sets up a good fight at this level, and the signal for trading is simple: If we break higher, there will be a bounce. If we break to new lows – look out below, as this pair will probably fall several handles.

Originally posted here
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AUD/USD Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:03 PM PDT

By ForexMansion.com

 
The AUD/USD pair fell during Monday's session, and has retested the resolve of the 1.05 support level yet again. This level has held several times, but it is hard to ignore the fact that the most recent highs keep getting lower. Because of this, we feel that this pair could bounce, but it looks more likely to retest 1.02 before it is all said and done. We are becoming more and more bearish for the short-term every day. However, the overall trend is clearly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Technical Analysis For May 24, 2011

Posted: 23 May 2011 04:02 PM PDT

By ForexMansion.com

 
The AUD/NZD pair fell precipitously during Monday's session, and looks likely to retest the 1.32 level. This level has held several times, but it is hard to ignore the fact that this pair is starting to look weaker and weaker. A break of 1.32 will be considered a serious breach of support, and could send this pair lower. For the bulls – the 1.32 has to hold If it does not, they will try again to push this pair up, perhaps down at the 1.25 area.

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USD/CAD Daily Fundamental Analysis For May 24, 2011

Posted: 23 May 2011 08:44 AM PDT

By ForexMansion.com
The USD/CAD pair extended its gains on Monday amid rising fear in global financial markets, which increased demand for low yielding assets including the U.S. dollar, and accordingly, pushed commodity prices including crude oil prices to tumble, which weakened the Canadian dollar and sent the USD/CAD pair to the upside.
The USD/CAD pair should continue to rise on Tuesday, although this projection is based on expectations that crude oil prices and other commodities will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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