DailyMarkets.com - Forex Trading: Euro Sees Further Selling Following Poor German Factory Orders

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• Forex Trading: Euro Sees Further Selling Following Poor German Factory Orders
• AUD/NZD Daily Fundamental Analysis For May 06, 2011
• German Factory Orders Plunge Unexpectedly In March
• Forex – Weaker Dollar Close To Record Low Against Swiss Franc
• Forex – EUR/GBP Hits Fresh 13-month High After Weak U.K. Data
• European Stocks Fall Ahead Of ECB Rate Decision; DAX Dips 0.1%
• NZD/USD Daily Fundamental Analysis For May 06, 2011
• AUD/USD Daily Fundamental Analysis For May 06, 2011
• U.K. Services PMI Falls More-than-expected In April
• Forex – Dollar Weaker As Euro Nears 17-month High Ahead Of ECB
• Forex – GBP/USD Climbs To Daily High Ahead Of BoE Meeting
• Forex – Broadly Weaker Dollar Hits 5-week Low Against Yen
• Forex – NZD/USD Hits Daily High After Strong NZ Employment Data
• AUD/USD Technical Analysis For May 5, 2011
• Forex Trading: USD/JPY Lower
• Forex – AUD/USD Hits 7-day Low After Surprise Drop In Retail Sales
• Asia Stocks Slip On Concerns Over U.S. Recovery; Nikkei Closed
• EUR/JPY Technical Analysis For May 5, 2011
• Forex – EUR/USD Close To 17-month High Ahead Of ECB
• GBP/CHF Technical Analysis For May 5, 2011
• GBP/USD Technical Analysis For May 5, 2011
• NZD/USD Technical Analysis For May 5, 2011
• USD/JPY Technical Analysis For May 5, 2011
• GBP/JPY Technical Analysis For May 5, 2011
• USD/CAD Technical Analysis For May 5, 2011
• EUR/GBP Technical Analysis For May 5, 2011
• Forex News – Tentative Markets Ahead Of Tomorrow’s Rate Decisions
• Australia Building Approvals Surge In March
• EUR/USD Daily Fundamental Analysis For May 05, 2011
• USD/CAD Daily Fundamental Analysis For May 05, 2011
• USD/CHF Daily Fundamental Analysis For May 5, 2011
• Aggressive Growth Stock: W. R. Grace & Co.
• Momentum Stock: Williamm Sonoma, Inc.
• Bull Of The Day: Eastman Chemical Co. (EMN)
• Bear Of The Day: PMI Group, Inc. (PMI)
• Growth & Income Stock: ABB Ltd.
• Forex News – Pessimism Dominates Markets After Slowing Labor And Services Activities.
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Forex Trading: Aud/Usd; Has It Found A Short Term Bottom?
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Spending 75 Minutes With The US Dollar
• Forex – USD/CAD Down In Asian Trading Hours
• Silver Correction: What’s Next?
• Stock Market Summary For Wednesday, May 4, 2011
• Singapore Stock Market Update For Thursday 05 May
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Buy Opp For The ES?
• Forex – AUD/USD Down On Economic Data
• Australian Retail Sales Fall Unexpectedly
• Forex – EUR/JPY Up During Asian Trade
• Forex – GBP/JPY Down During The Asian Session
• Wait…What?
• GBP/USD Daily Fundamental Analysis For May 5, 2011

Forex Trading: Euro Sees Further Selling Following Poor German Factory Orders Posted: 05 May 2011 03:17 AM PDT After reaching a session high of 1.48981, the EUR/USD sold off (mostly over the last hour) and continued further after German factory orders came in worse than expected. As you can see, the pair sold through the 23.6% line (on the move from April 27th lows to yesterday's highs) and continued through the 38.2% line. It also appears that a possible shot-term hourly trend line is beginning to form and crosses the 38.2% line at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For May 06, 2011 Posted: 05 May 2011 03:15 AM PDT By ForexMansion.com The AUD/NZD pair failed to exit the consolidation area, as the upside movement has lost momentum, forcing the pair to back the previous levels of trading. The Australian dollar dropped sharply against greenback after the Australian economy released its retail sales, which unexpectedly dropped during the month of March, increasing expectations that the Reserve Bank of Australia will delay raising interest rates. On the other hand, New Zealand's currency strengthened after a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Factory Orders Plunge Unexpectedly In March Posted: 05 May 2011 03:07 AM PDT Forex Pros – German factory orders plunged unexpectedly in March, official data showed on Thursday.<br /><br />In a report, Deutsche Bundesbank said factory orders tumbled by a seasonally adjusted 4.0% in March, after rising by 1.9% in February, whose figure was revised down from 2.4%.&nbsp; <br /><br />Analysts had expected German factory orders to rise by 0.4% in March.<br /><br />Year-on-year German factory orders rose at an annualized rate of 9.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Weaker Dollar Close To Record Low Against Swiss Franc Posted: 05 May 2011 02:48 AM PDT Forex Pros – The U.S. dollar was lower against the Swiss franc on Thursday, stopping just short of Wednesday&rsquo;s record low amid ongoing expectations that the U.S. Federal Reserve will keep monetary policy loose for longer.<br /><br />USD/CHF hit 0.8558 during European morning trade, the daily low; the pair subsequently consolidated at 0.8588, shedding 0.33%.<br /><br />The pair was likely to find support at 0.8551, Wednesday&rsquo;s low and the all-time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Hits Fresh 13-month High After Weak U.K. Data Posted: 05 May 2011 02:11 AM PDT Forex Pros – The euro climbed to a fresh 13-month high against the pound on Thursday, after worse-than-expected data on the U.K. service sector underlined the view that the Bank of England will hold off raising rates for much of the year.<br /><br />EUR/GBP hit 0.9042 during European morning trade, the pair&rsquo;s highest since March 22, 2010; the pair subsequently consolidated at 0.9034, gaining 0.46%.<br /><br />The pair was likely to find support at 0.8975, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Fall Ahead Of ECB Rate Decision; DAX Dips 0.1% Posted: 05 May 2011 02:06 AM PDT Forex Pros – European stock markets were down on Thursday, as shares in the financial sector led markets lower ahead of a policy setting meeting by the European Central Bank, while U.S. futures indexes pointed to a slightly higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 slumped 0.5%, France&rsquo;s CAC 40 dipped 0.4%, while Germany’s DAX 30 edged 0.15% lower.<br /><br />The ECB was expected to prepare markets for a possible … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For May 06, 2011 Posted: 05 May 2011 01:59 AM PDT By ForexMansion.com New Zealand's currency strengthened after a government report showed employers added more jobs than expected, suggesting a recovery was underway before the February earthquake dented growth. Today’s fundamentals proved what the Reserve Bank governor said about jobless rate that is beating expectations. It seems that conditions in the nation’s labor sector became more stable from where it would start improving more to solve a major problem for the New Zealand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For May 06, 2011 Posted: 05 May 2011 01:59 AM PDT By ForexMansion.com The Australian dollar continued its downside movement for a fourth day, which dropped against the US counterpart after the Australian retail sales unexpectedly dropped during the month of March, increasing the expectations the Reserve Bank of Australia will delay raising interest rates. On the other hand, Australia's currency also declined for a sixth day versus the yen on speculation growth in China will slow as the Asian nation seeks to counter inflation. China is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Services PMI Falls More-than-expected In April Posted: 05 May 2011 01:37 AM PDT Forex Pros – Service sector activity in the U.K. fell more-than-expected in April, retreating from last month&rsquo;s 13-month high, industry data showed on Thursday.<br /><br />In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index fell to 54.3 in March, after jumping to a 13-month high of 57.1 in March.<br /><br />Analysts had expected the index to decline to 56.0 in April. <br /><br />On … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Weaker As Euro Nears 17-month High Ahead Of ECB Posted: 05 May 2011 01:37 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, while the euro was close to a 17-month high as markets watched for the European Central Bank to reinforce higher rate expectations later in the day.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.31% to hit 1.4874.<br /><br />But greenback was slightly higher against the pound, with GBP/USD slipping 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Climbs To Daily High Ahead Of BoE Meeting Posted: 05 May 2011 01:02 AM PDT Forex Pros – The pound was higher against the broadly weaker U.S. dollar on Thursday, rising to a daily high, ahead of a Bank of England policy setting meting later in the day.<br /><br />GBP/USD hit 1.6544 during European morning trade, the daily high; the pair subsequently consolidated at 1.6532, gaining 0.27%.<br /><br />Cable was likely to find support at 1.6452, Wednesday&rsquo;s low and resistance at 1.6660, Tuesday&rsquo;s high.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Broadly Weaker Dollar Hits 5-week Low Against Yen Posted: 05 May 2011 12:37 AM PDT Forex Pros – The broadly weaker U.S. dollar slid to a five-week low against the yen on Thursday, hitting the lowest level since the Group of Seven joined the Bank of Japan in selling the yen on March 18.<br /><br />USD/JPY hit 80.24 during early European trade, the pair&rsquo;s lowest since March 18; the pair subsequently consolidated at 80.27, shedding 0.43%.<br /><br />The pair was likely to find short-term support at 80.00 and resistance at 81.19, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Hits Daily High After Strong NZ Employment Data Posted: 05 May 2011 12:13 AM PDT Forex Pros – The New Zealand dollar rose to a daily high against its U.S. counterpart on Thursday, after government data showed that the rate of unemployment fell unexpectedly in the first quarter.<br /><br />NZD/USD hit 0.7942 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7916, gaining 0.24%.<br /><br />The pair was likely to find support at 0.7864, Wednesday&rsquo;s low and a two-week low and resistance at 0.7994, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For May 5, 2011 Posted: 05 May 2011 12:07 AM PDT By ForexMansion.com   AUD/USD had a sharp drop in value today, finding the 1.07 support area in the process. The pair needed this fall, and this could present itself as a buying opportunity. However, we want to see support hold up at either the 1.07 area, or the 1.05 area as they could be nice launching points for the market to continue higher. 1.02 is the ultimate support, as it represents the last major breakout in this pair. Originally posted here Read more about forex technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Lower Posted: 04 May 2011 11:57 PM PDT In recent trade we have seen the JPY firmer against most of the majors. Below you can see the USD/JPY moved through its recent low of 80.302; for a downside target we look to the daily chart. The next significant level lower for the pair is 79.888; the 61.8% fibo line on the move from March 17th lows to April 6th … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 7-day Low After Surprise Drop In Retail Sales Posted: 04 May 2011 11:52 PM PDT Forex Pros – The Australian dollar slipped to a seven-day low against its U.S. counterpart on Thursday, after official data showed that retail sales unexpectedly dropped in March, fueling speculation the central bank will delay raising interest rates.<br /><br />AUD/USD hit 1.0695 during late Asian trade, the pair&rsquo;s lowest since April 26; the pair subsequently consolidated at 1.0724, shedding 0.21%.<br /><br />The pair was likely to find short-term support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Slip On Concerns Over U.S. Recovery; Nikkei Closed Posted: 04 May 2011 11:49 PM PDT Forex Pros – Asian stock markets declined in holiday-thinned trade on Thursday, as concerns over the U.S. economic recovery and fears of fresh monetary tightening by China weighed on market sentiment. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.45%, South Korea’s Kospi Composite sank 0.9%, while Japan&rsquo;s Nikkei 225 Index was closed for a public holiday. <br /><br />Data on Wednesday showing weaker-than-expected U.S. private … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:46 PM PDT By ForexMansion.com   The EUR/JPY fell today, but still is hovering around the 120 area. This area should prove to be important, but the selling of the pair isn't advised as the central banks are waiting below. On a large bullish bar, we could get excited about buying again. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com About ForexMansion.com: www.ForexMansion.com is a part of the Finance Mansion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Close To 17-month High Ahead Of ECB Posted: 04 May 2011 11:35 PM PDT Forex Pros – The euro was trading close to a 17-month high against the broadly weaker U.S. dollar on Thursday, ahead of a policy setting meeting by the European Central Bank later in the day.<br /><br />EUR/USD hit 1.4874 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4857, gaining 0.20%.<br /><br />The pair was likely to find support at 1.4753, Tuesday&rsquo;s low and short-term resistance at 1.4939, Wednesday&rsquo;s high and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:31 PM PDT By ForexMansion.com   The GBP/CHF fell really hard yesterday, making all-time lows. Today was different though. We saw the market form a doji, which could signal support in this area (1.42). While we do not suggest buying this pair, (The trend is clear) we might suggest letting it bounce and then selling it. It looks as if the market is trying to make a last stand before the plunge lower. 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

GBP/USD Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:31 PM PDT By ForexMansion.com   The GBP/USD fell today, bounced, and then fell again, only to end up relatively unchanged. The market looks weak still, as the bounce was the direction that was pushed back the furthest, and weakness could still be in the forecast for it. However, we fully expect to see the 1.63 area hold as support, as it was so important in the recent past. Look for buying opportunities in that area if it proves supportive yet again. Originally posted here Read more about forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:30 PM PDT By ForexMansion.com   The NZD/USD fell today, breaking through support. The pair looks very weak at the moment, and also looks like it wants to test the 0.78 level below as support. The prudent trader will simply wait until we fall at least to that area in order to buy this pair. The pair has been so strong that it will be difficult to short it though. 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

USD/JPY Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:30 PM PDT By ForexMansion.com   The USD/JPY fell today, but managed a slight bounce from the 80.50 level, or half way through the massive support area represented by the 80-81 area. The pair needs to prove itself here, or the bulls will simply have to wait for the central banks to step in again, which they are more than likely to do if the pair falls much lower. Selling isn't advised, and buying on any signs of strength could be the key to profits. Originally posted here Read more about forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:29 PM PDT By ForexMansion.com   The GBP/JPY fell really hard today, but still sits around 133. The pair is going to be dangerous to short, as one would have to think the central banks are certainly watching it, and all pairs related to the Yen. The area we currently find ourselves in could be supportive, but the bulls will need to see something out of this market soon to get excited. The next 24 hours could point the way. For the meantime, simply observing is the preferred course of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:28 PM PDT By ForexMansion.com   The USD/CAD pair rose for the third day in a row, as the commodity markets fell hard yet again today. The Loonie is still favored over the Greenback, and this should only represent a selling opportunity, as soon as resistance is shown.. Look for resistive action at the 0.95 (basically here) and 0.97 areas, as new sellers should enter the market. Buying isn't recommended under any circumstances as the market is so decidedly bearish. Originally posted here Read … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For May 5, 2011 Posted: 04 May 2011 11:28 PM PDT By ForexMansion.com   The EUR/GBP fell slightly today, forming a shooting star at the 0.90 mark. This is a strong signal of weakness, but could mainly be forming as the market awaits the ECB rate decision and statement. Because of this, we are not sellers at this point, as we simply must wait to see what the ECB does before playing any market with the EUR in it. Wait until the bank announces, and then see what the market does in reaction. Originally posted here Read more about forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Tentative Markets Ahead Of Tomorrow’s Rate Decisions Posted: 04 May 2011 11:22 PM PDT By ForexMansion.com   Markets are tentative today as investors await the start of the jobless data from the US today and the ECB’s and BoE’s policy meetings tomorrow. The US will release its ADP non-farm employment change later in the day as well as the non-manufacturing ISM. Yet investors will be geared towards Friday’s jobs report. The prospects of lackluster numbers determined Wall Street to turn flat despite the improvement in the factory orders yesterday. The US dollar has been beaten … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australia Building Approvals Surge In March Posted: 04 May 2011 11:20 PM PDT Forex Pros – The number of new building approvals issued in Australia jumped significantly more-than-expected in March, official data showed on Thursday.<br /><br />In a report, the Australian Bureau of Statistics said new building approvals issued rose by a seasonally adjusted 9.1% in March, after tumbling by -5.3% in February, whose figure was upwardly revised from a drop of -7.4%.<br /><br />Analysts had expected new building approvals issued to rise by 5.0% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Daily Fundamental Analysis For May 05, 2011 Posted: 04 May 2011 11:18 PM PDT By ForexMansion.com The EUR/USD regained the bullish momentum to move to the highest in 17 months on future monetary tightening and speculation ahead of Thursday rate decision. Europe's common currencies flirted with $1.50 areas ahead of the rate decision as investors expect Trichet to signal further rate increases in the press conference tomorrow. The euro is trading at the highest since December 2009 against greenback on rate bets as the market is very hawkish on the ECB and that might turn … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For May 05, 2011 Posted: 04 May 2011 11:18 PM PDT By ForexMansion.com The USD/CAD pair rose on Wednesday where falling commodity prices including oil and gold weighed down on the Canadian dollar and pushed the USD/CAD pair to the upside, where despite the general weakness of the U.S. dollar, the CAD was deeply affected by falling commodities. Moreover, investors feel that slowing economic activities could negatively affect the Canadian economy, where the ADP employment report showed that private employers in the United States added 179,000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For May 5, 2011 Posted: 04 May 2011 11:17 PM PDT By ForexMansion.com   The Swiss economy lacks fundamentals today, thus main highlight will be on US data. At 12:30 GMT, the U.S economy will release initial jobless claims for the week ending April 30 and continuing claims for the week ending April 23. US jobless claims data is expected to have impact on market as it is released between ADP employment yesterday and ahead of the awaited non-farm payrolls report on Friday, where all are predicted to confer a full picture about the US labor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: W. R. Grace & Co. Posted: 04 May 2011 11:05 PM PDT W. R. Grace & Co. (NYSE:GRA) analysts are pleased with the recent earnings surprise. Estimates are moving much higher giving shares excellent growth rates, as well a attractive valuations. This Zacks #1 Rank (Strong Buy) is also set to emerge fromn Chapter 11 later this year. Company Description Grace supplies catalysts and other products for petroleum refiners to make plastics, silica-based materials and other industrial applications. Uses range form good and beverage packaging to building … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Williamm Sonoma, Inc. Posted: 04 May 2011 11:05 PM PDT Williamm Sonoma, Inc. (NYSE:WSM) continues to trade strong in the face of a choppy market, recently hitting a new multi-year high ahead of its mid-May Q1 report. With four consecutive earnings surprises and a bullish growth projection, this Zacks #1 rank stock will help furnish your portfolio with momentum. Company Description Williams Sonoma, Inc. operates as a specialty retailer of home products mostly domestically but with a presence in Canada and Puerta Rico as well. The company was founded in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Eastman Chemical Co. (EMN) Posted: 04 May 2011 11:05 PM PDT Eastman Chemical Company (NYSE:EMN) delivered EPS of $2.52, significantly beating the Zacks Consensus Estimate of $1.97. Revenues of $1.8 billion, which outpaced the Zacks Consensus Estimate of $1.5 billion, were driven by higher sales volume and increased selling prices. Eastman Chemical’s revenue increased by double digits in all regions and the growth was driven by the company’s growth initiatives as well as the rebound in the global economy. EMN is also upbeat about the restart of an olefin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: PMI Group, Inc. (PMI) Posted: 04 May 2011 11:05 PM PDT PMI Group Inc’s (NYSE:PMI) fourth quarter operating loss widened from Zacks Consensus Estimate due to continued large losses and lower premiums earned partially offset by lower underwriting and operating expenses. We expect losses and loss adjustment expenses from mortgage insurance operations, increased valuation allowances and lower premiums earned. The company is also effectively lowering delinquency rates. Though the company may benefit from the recent U.S. regulatory moves to reduce … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: ABB Ltd. Posted: 04 May 2011 11:05 PM PDT ABB Ltd. (NYSE:ABB) recently reported a 21% increase in revenue for the first quarter of 2011 due to strong demand stemming from the global economic recovery. The company was also able to leverage its fixed expenses, leading to a 37% increase in operating earnings. Order backlog at the end of the quarter was strong, prompting analysts to raise their estimates, which sent the stock to a Zacks #2 Rank (Buy). If consensus estimates materialize, EPS would grow 32% in 2011 and 23% in 2012. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Pessimism Dominates Markets After Slowing Labor And Services Activities. Posted: 04 May 2011 11:03 PM PDT By ForexMansion.com Pessimism returned to markets on Wednesday after reports from the labor and services sectors suggested that the U.S. economy is still struggling to recover, where the ADP employment report showed that U.S. private employers added 179,000 jobs only in April, compared with the prior 207,000 jobs added in March and below median estimates of 198,000 added jobs. Moreover, the Institute for Supply Management released the ISM Non-manufacturing index for the month of April, where … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 04 May 2011 10:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4867, up 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.9000 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 04 May 2011 10:25 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6524, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.6453, Wednesday&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.9000 and GBP/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Aud/Usd; Has It Found A Short Term Bottom? Posted: 04 May 2011 09:56 PM PDT Aud/Usd has been coming off during the last couple of trading sessions and the sell off was accentuated by poor retail sales number from down under. This may present a buying opportunity as the pair is depressed nearly four big figures. If the pair retraces 1.0814 should be the first line of resistance. This is the 38.2% fibo of move down from 1.1010 to 1.0693. If the pair continues its downward slide 1.0660-70 may add some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours Posted: 04 May 2011 09:55 PM PDT Forex Pros – The Euro was higher against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.2781, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.2731, Wednesday&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 down against the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.4857 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During Asian Trade Posted: 04 May 2011 09:25 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Thursday.<br/><br/> USD/CHF was trading at 0.8602, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 0.8554, Wednesday&rsquo;s low, and resistance at 0.8697, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.26% to hit 1.4865 and USD/JPY falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The Asian Session Posted: 04 May 2011 09:00 PM PDT Forex Pros – The Euro was higher against the British Pound on Thursday.<br/><br/> EUR/GBP was trading at 0.8998, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.8859, Monday&rsquo;s low, and resistance at 0.9028, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.26% to hit 1.4865 and EUR/JPY rising 0.09% 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: 04 May 2011 08:35 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 80.52, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 80.43, Wednesday&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.16% to hit 1.4850 and GBP/USD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spending 75 Minutes With The US Dollar Posted: 04 May 2011 08:11 PM PDT Lately I have received quite a few emails expressing puzzlement about the True Strength Index (TSI) indicator when viewed at various time frames. I usually try to explain that the indicator does have different data values on different time frames, but they all speak truth – truth in the context of the time frame, that is. Either my answer is perfectly understood or it is perfectly confusing.  I don’t know which because after my answer, no one ever writes back. So how about this?  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In Asian Trading Hours Posted: 04 May 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9592, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.9447, Monday&rsquo;s low, and resistance at 0.9604, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.09% to hit 1.4841 and GBP/USD rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Correction: What’s Next? Posted: 04 May 2011 08:01 PM PDT Silver has sold off hard the first 3 days of this week and is down over 17% for the week.  If silver falls more this week it will be the worst weekly loss for silver during this silver bull market.  The next chart shows the weely and biweekly rate of change in the silver price and only a weekly correction in 2008 was worse than this correction so far. The dollar hasn't lost any ground since the Bernanke press conference on April 27th which shows it was probably a sell the news … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, May 4, 2011 Posted: 04 May 2011 07:56 PM PDT Note: beginning tonight the watch list transaction details will be posted on the ‘Watch List’ webpage going forward. This will be for both open and closed watch list positions. When we add/remove a stock/ETF from the watch list we will continue to communicate the changes in the blog posts.   In addition, before tomorrow’s market open we will be posting a new list of potential stocks to go long and sell short. We will be calling this our ‘Focus List’. This is different than the ‘Watch list’ … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Thursday 05 May Posted: 04 May 2011 07:42 PM PDT Market has been experiencing steep pullback after the decline of oil price. This has impacted on oil&gas stock significantly. We are definitely out of KepCorp and SembCorp for now. Hong Kong falls further on commodity and fear of more tightening policy by Beijing. No short term trading Mid term positions Straits Asia enter 2.95 SL 2.43 Stay on the sideline for the time being and observe the market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade Posted: 04 May 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0713, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.0703, 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 0.48% to hit 1.3863 and AUD/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 04 May 2011 07:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4849, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8995 and EUR/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Buy Opp For The ES? Posted: 04 May 2011 06:53 PM PDT The E-Mini S&P 500 futures contract has experienced selling pressure after reaching new multi-year highs earlier in the week. This weakness could open the door for a potential buying opportunity ahead…especially if 1,337 holds. Pivot Range Support The daily chart shows the ES has dropped nearly 40 points the last three days after putting in a new high for the year earlier in the week. However, the index pulled back precisely to the 1,337 level and began to see initial signs of buyers. As … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down On Economic Data Posted: 04 May 2011 06:50 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of Australian data on Retail Sales.<br/><br/> AUD/USD was trading at 1.0714, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.0708, today&rsquo;s low, and resistance at 1.1013, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Retail sales in Australia fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Retail Sales Fall Unexpectedly Posted: 04 May 2011 06:45 PM PDT Forex Pros – Retail sales in Australia fell unexpectedly last month, official data showed on Thursday.<br/><br/>In a report, Australian Bureau of Statistics said that Australian retail sales fell to a seasonally adjusted -0.5%, from 0.5% in the preceding month.<br/><br/>Analysts had expected Australian retail sales to rise 0.6% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade Posted: 04 May 2011 06:35 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Thursday.<br/><br/> EUR/JPY was trading at 119.68, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 119.21, Tuesday&rsquo;s low, and resistance at 121.03, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.11% to hit 1.4844 and EUR/GBP rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down During The Asian Session Posted: 04 May 2011 05:45 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Thursday.<br/><br/> GBP/JPY was trading at 132.85, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 132.74, today&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 0.01% to hit 1.6487 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wait…What? Posted: 04 May 2011 05:39 PM PDT Wait…what? I thought a recovery was when more businesses are hiring rather than laying off staff. “Rasmussen Employment Index: 19% of Workers Report Their Firm is Hiring, 25% Laying Off” (Rasmussen Reports) Just 19% of working Americans now report that their firms are hiring while 25% say their firms are laying workers off. Those numbers are little changed from the month before.  It has been nearly three years since the number reporting that their firms are hiring has topped the number … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Daily Fundamental Analysis For May 5, 2011 Posted: 04 May 2011 07:11 AM PDT By ForexMansion.com   Markets will approach the BoE’s rate decision to see the bank’s action in the month of May to see whether they will continue on holding both interest rate and APF unchanged at 0.50% and 200 billion pounds or they will surprise markets. Expectations refer to no change in BoE monetary policy today, where the release of downbeat data eased pressure on policy makers to raise interest rate. On Wednesday, grim UK reports showed that construction expansion slowed to 53.3 in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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