Friday, May 27, 2011

DailyMarkets.com - Forex – USD/CHF Down On Economic Data

DailyMarkets.com - Forex – USD/CHF Down On Economic Data


Forex – USD/CHF Down On Economic Data

Posted: 27 May 2011 02:50 AM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday after the release of Swiss data on KOF Leading Indicators.<br/><br/> USD/CHF was trading at 0.8562, down 1.09% at time of writing.<br/><br/> The pair was likely to find support at 0.8534, today&rsquo;s low, and resistance at 0.8893, Monday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Switzerland&rsquo;s KOF economic barometer remained unchanged unexpectedly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Switzerland’s KOF Economic Barometer Remains Unchanged Unexpectedly

Posted: 27 May 2011 02:45 AM PDT

Forex Pros – Switzerland&rsquo;s KOF economic barometer remained unchanged unexpectedly last month, data showed on Friday.<br/><br/>In a report, the KOF Economic Research Agency said that its economic barometer remained unchanged at a seasonally adjusted 2.30, from 2.30 in the preceding month whose figure was revised up from 2.29.<br/><br/>Analysts had expected the KOF economic barometer to fall to 2.22 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In European Trade

Posted: 27 May 2011 02:30 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 81.04, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 80.84, today&rsquo;s low, and resistance at 82.21, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.31% to hit 1.4189 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone May Economic Confidence Falls To 105.5 Vs. 106.1, 105.7 Was Expected

Posted: 27 May 2011 02:07 AM PDT

Industrial Confidence came in at 3.9, weaker than the 5.3 expected and prior reading of 5.6.
Services Confidence came in at 9.2, weaker than the 10.0 expected and prior reading of 10.4.
Eur/Usd has fallen to 1.4200 on heels of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up In European Trading Hours

Posted: 27 May 2011 01:55 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4216, up 0.50% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4278, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.48% to hit 0.8664 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The European Session

Posted: 27 May 2011 01:10 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on Nationwide HPI.<br/><br/> GBP/USD was trading at 1.6442, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6460, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s Nationwide house price index rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro M3 Money Supply Worse: 2.0%, Provate Loans Worse: 2.6%

Posted: 27 May 2011 01:03 AM PDT

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


Forex Trading: Euro A Touch Firmer After Better Spanish Retails Sales

Posted: 27 May 2011 12:05 AM PDT

Retails sales for April (y/y) were -2.0% versus the -4.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Mixed At Close; Nikkei Down 0.42%

Posted: 27 May 2011 12:00 AM PDT

Forex Pros – Asian stocks were mixed after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index fell 0.42%, Australia&rsquo;s S&P/ASX 200 index gained 0.40%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.79% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.20%, S&P 500 futures pointed to an increase of 0.30% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up On Economic Data

Posted: 26 May 2011 11:25 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on Nationwide HPI.<br/><br/> GBP/USD was trading at 1.6428, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6447, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s Nationwide house price index rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Nationwide HPI Rises More-than-expected

Posted: 26 May 2011 11:15 PM PDT

Forex Pros – The U.K.&rsquo;s Nationwide house price index rose more-than-expected last month, data showed on Friday.<br/><br/>In a report, , Nationwide Building Society said that said its index of U.K. house prices rose to 0.3%, from -0.2% in the preceding month.<br/><br/>Analysts had expected the Nationwide HPI to rise 0.1% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: The Cooper Companies

Posted: 26 May 2011 11:05 PM PDT

The Cooper Companies, Inc. (NYSE:COO) has a good track record when it comes to earnings surprises. Estimates are on the rise, giving it a Zacks #2 Rank (Buy), double-digit growth rates and solid valuations.
Shares are up nicely since being featured as a Zacks Rank Buy in February, but can that continue?
Company Description
The Cooper Companies is a global medical products maker focusing on specialty healthcare. The company operates through its subsidiaries, CooperVision and CooperSurgical.
Will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Computer Sciences Corp. (CSC)

Posted: 26 May 2011 11:05 PM PDT

Computer Sciences Corp. (NYSE:CSC) is one of the leading players in the information technology (IT) services industry. CSC reported mediocre fourth quarter 2011 results. We are apprehensive about the intense competition in the IT and cloud computing space from both small and big players such as Accenture and Hewlett-Packard.
Moreover, with government orders expected to dry up to a certain extent and the NHS realization getting pushed to future quarters, things look difficult for Computer Sciences. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Red Robin Gourmet Burgers (RRGB)

Posted: 26 May 2011 11:05 PM PDT

Red Robin Gourmet Burgers (NASDAQ:RRGB) reported first quarter 2011 earnings above the Zacks Consensus Estimate, as it experienced an upside in revenue and margin. The company’s plan to turn around its business by Project RED, which focuses on revenue growth, expense control and capital deployment is progressing quite successfully.
The company is taking host of initiatives to control cost and target cost savings of $16-18 million by the end of 2012. The company is also experiencing higher traffic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Ross Stores, Inc.

Posted: 26 May 2011 11:05 PM PDT

With luxury retailers surging, many investors fear that value-oriented retailers will get left behind as consumers “trade up”. While the rich may be spending again like its 2006, the middle class is still struggling with stagnant wages, high unemployment, and rising food and energy costs.
This means that off-price retailers like Ross Stores, Inc. (NASDAQ:ROST) should continue to thrive. In fact, the company recently posted a strong first quarter marked by 3% same-store stores growth (on top of 10% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Amerigroup Corp

Posted: 26 May 2011 11:05 PM PDT

Amerigroup Corp (NYSE:AGP) continues to look strong on the chart, recently hitting a new all-time high after reporting an impressive 63% earnings surprise in late April. Estimates have since jumped higher, providing more support for this Zacks #1 rank stock.
Company Description
Amerigroup Corp operates as a managed care service provider for Medicare and Medicaid beneficiaries. The company was founded in 1994 and has a market cap of $3.42 billion.
Amerigroup has been steadily grinding higher for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 26 May 2011 10:50 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4246, up 0.71% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4278, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.59% to hit 0.8673 and EUR/JPY rising 0.38% 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: 26 May 2011 10:25 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6440, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6447, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.50% to hit 0.8665 and GBP/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 26 May 2011 10:00 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2214, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.2165, today&rsquo;s low, and resistance at 1.2468, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.75% to hit 1.4251 and EUR/JPY rising 0.45% 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: 26 May 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8574, down 0.94% at time of writing.<br/><br/> The pair was likely to find support at 0.8534, today&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 0.74% to hit 1.4250 and USD/JPY falling 0.32% 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: 26 May 2011 09:20 PM PDT

Forex Pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8674, up 0.60% at time of writing.<br/><br/> The pair was likely to find support at 0.8611, Thursday&rsquo;s low, and resistance at 0.8752, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.81% to hit 1.4260 and EUR/JPY rising 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Friday 27 May

Posted: 26 May 2011 08:40 PM PDT

Japanese shares retreat as a stronger yen works to depress profit for exporters while Hong Kong, Seoul and Sydney manage to eke out gains. Our market is holding on gains close to 1% for the moment. One of the biggest winner is UOB which gains 30c, last done at 19.56. US markets shake off losses with the help from the technology, offsetting the disappointing reports on jobless claims and economic growth.

We believe market is still choppy for the moment but good support is seen at 3092.80.

No … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 26 May 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Retail Sales.<br/><br/> USD/JPY was trading at 80.96, down 0.41% at time of writing.<br/><br/> The pair was likely to find support at 80.89, today&rsquo;s low, and resistance at 82.21, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japanese retail sales fell less-than-expected to a seasonally adjusted annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 26 May 2011 08:15 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Friday after the release of Japanese data on Retail Sales.<br/><br/> EUR/JPY was trading at 115.20, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 113.88, Monday&rsquo;s low, and resistance at 116.38, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japanese retail sales fell less-than-expected to a seasonally adjusted annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 26 May 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9767, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.9737, Monday&rsquo;s low, and resistance at 0.9816, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.47% to hit 1.4211 and GBP/USD rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 26 May 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0666, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.0441, Wednesday&rsquo;s low, and resistance at 1.0668, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.03% to hit 1.3293 and AUD/JPY falling 0.06% 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: 26 May 2011 07:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4184, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4206, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8637 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down On Economic Data

Posted: 26 May 2011 06:30 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.<br/><br/> EUR/JPY was trading at 114.98, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 113.88, Monday&rsquo;s low, and resistance at 116.38, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation fell unexpectedly to at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 26 May 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Friday after the release of Japanese data on Retail Sales.<br/><br/> GBP/JPY was trading at 133.14, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 131.28, Monday&rsquo;s low, and resistance at 133.80, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japanese retail sales fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


May 2011 = August 2010

Posted: 26 May 2011 05:06 PM PDT

Time moves awfully slowly when you’re waiting for something to happen and it’s no different during consolidations or corrections. You wonder when momentum will pick up again? You begin second quessing your operating assumptions and wonder whether the market isn’t actually at a reversal turning point rather than merely a much needed consolidation?
Whenever I begin asking those sorts of questions I go back to earlier posts to see whether the market has vered far from the game plan. If they have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:31 AM PDT

By ForexMansion.com

 
The USD/JPY pair fell during the Thursday session, and looks weak. However, there is a ton of support below, in the form of central bank intervention. Because of this, we aren't sellers, and are looking for signs of support to buy. We just aren't currently seeing those signs yet.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About ForexMansion.com:
The Finance Mansion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:30 AM PDT

By ForexMansion.com

 
The USD/CHF pair continues to fall apart during Thursday's session, and is rapidly attempting to make new all-time lows. All rallies are to be sold, and one can't help but notice the real winner out of the tussle between the EUR and the USD is the Franc. This is a great chart, and certainly one that has held up over time. New lows or rallies get us shorting this pair again.

Originally posted here
Find more information about technical analysis, fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:29 AM PDT

By ForexMansion.com

 
The USD/CAD pair continues to consolidate around the 0.97 to 0.98 area, and Thursday did absolutely nothing to change that pattern. The USD did start to gain against the Loonie, but by the end of the day – we were close to being unchanged. The pair looks stuck, and is in desperate need of a long solid candle in one direction or another to determine our next move. For the time being, we are sitting on our hands in this pair.

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


NZD/USD Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:28 AM PDT

By ForexMansion.com

 
The NZD/USD pair rose yet again in Thursday's trading session, and looks set to break out soon. However, it must be noted that the 0.81 level held as resistance, but the ferocity of the day's move certainly signals that the life of that resistance is being questioned now. A clean break of the 0.81 level gets us long this pair. If we see a dip, we will buy as well. Shorting isn't even a thought at this point.

Originally posted here
Find more information … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:27 AM PDT

By ForexMansion.com

 
The GBP/USD pair rose in Thursday's trading session, and looks extremely bullish at this point. The 1.64 area is just ahead, and might be significant resistance. However, it should be noted that the trend has been strongly to the upside for months now, and the level should give way. A break above that area gets us buying, and a dip could do the same thing. Selling isn't advised until we break through the 1.60 area.

Originally posted here
Find more information … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/JPY Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:26 AM PDT

By ForexMansion.com

 
The GBP/JPY pair continues to consolidate between 130 and 133, making a bit of a hammer on Thursday. The pair is known for its volatility, and should be making a large move sooner or later. However, until we break out of this range, we cannot recommend a particular direction, even if we all know that the central banks are waiting below if the market gets too bullish of Yen.

Originally posted here
Find more information about technical analysis, fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/CHF Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:25 AM PDT

By ForexMansion.com

 
The GBP/CHF pair continues to levitate around the 1.42 level, and looks set to do nothing. Until we get a long candle in one direction or another, we really aren't interested in getting involved in this pair. We need clarity, and aren't getting it.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About ForexMansion.com:
The Finance Mansion Network operates global financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:25 AM PDT

By ForexMansion.com

 
The EUR/USD rose as rumors have filled the FX markets over the last 24 hours. There is talk of the Chinese being involved in bailing out Portugal, and the EUR was bought up for that reason during the Asian session. However, later in the day officials made errant comments about not giving Greece the next bit of money – and the pair fell. On the technical side, it is obvious we are at a major inflection point. However, in the mean time, it looks like a 200 pip … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:24 AM PDT

By ForexMansion.com

 
The EUR/JPY pair continues to hang around the 115 area, and doesn't exactly look set to run in either direction at the moment. We know that the Euro has many issues, and as such – aren't necessarily excited about trying to trade it. The chart looks tight, and a move should be coming – but we need to see a large candle first in order to get in one direction or another. Central banks are below, so any bearish move will have that to contend with.

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


EUR/GBP Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:23 AM PDT

By ForexMansion.com

 
The EUR/GBP rose, then fell during the Thursday session showing exactly how weak any underlying bullishness really is. The pair looks very weak, and a solid daily close under the 0.86 level sends this pair much lower. The upside is capped by 0.88 resistance area that should keep the pressure decidedly against the bulls.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:22 AM PDT

By ForexMansion.com

 
The EUR/CHF rose, then fell, and then rose again during Thursday trading. The pair did manage to make new lows again however, and as such is still very bearish. As we have been saying for weeks – sell the rallies. Buying this pair is pointless at the juncture.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About ForexMansion.com:
The Finance Mansion Network operates global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:21 AM PDT

By ForexMansion.com

 
The AUD/USD pair shot straight up during the Thursday session as the hammer buy signal from Wednesday got triggered. The pair is now firmly over the 1.06 mark, and the pair looks rather bullish at the moment. The 1.07 level will be the first real test for the bulls, and should it give way – we are probably looking at 1.10 before it is all said and done. We buy on dips still, and don't sell this pair.

Originally posted here
Find more information about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Technical Analysis For May 27, 2011

Posted: 26 May 2011 10:20 AM PDT

By ForexMansion.com

 
The AUD/NZD pair fell again in Thursday's trading session, and looks set to fall even further, perhaps testing the 1.30 area. The pair may bounce from the 1.31 area, but as long as we hold under the 1.32 – this pair is looking weak. A break below the Thursday lows gets us selling this pair.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About ForexMansion.com:
The Finance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Daily Fundamental Analysis For May 27, 2011

Posted: 26 May 2011 03:23 AM PDT

By ForexMansion.com
The EUR/USD continues to fluctuate heavily amid the high uncertainty and mixed outlook for the euro area stability and the fiscal crisis, nonetheless, the euro on Thursday was generally higher and scored gains on the weak dollar with eased debt focus.
We saw some positive euro sentiment support in the session on Thursday that supported higher yielding assets with news that China is interested in buying the European Financial Stability Facility bailout bonds for Portugal that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex News – Disappointing Economic Data From The U.S. Spread Pessimism As Stocks And Dollar Drop.

Posted: 26 May 2011 03:17 AM PDT

By ForexMansion.com
Pessimism continued to dominate global financial markets on Thursday, where worse than expected economic data from the United States spread jitters across markets and weakened the U.S. dollar against majors, while the European debt crisis continued to weigh down on confidence levels, although news that China will buy Portuguese bailout bonds boosted the Euro against other majors.
The U.S. Commerce Department released on Thursday, the second estimate for Gross Domestic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Daily Fundamental Analysis For May 27, 2011

Posted: 26 May 2011 02:33 AM PDT

By ForexMansion.com
 
The week ends with nationwide house prices for May from the UK due at 06:00 GMT, while at 12:30 GMT, 13:55 GMT, and 14:00 GMT the US will release important data including personal income and spending, University of Michigan confidence and pending home sales respectively.
On Thursday, the pound rebounded for the third day against the dollar, as the green currency remained vulnerable after the grim durable goods data released on Wednesday, while US 1q GDP annualized … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Daily Fundamental Analysis For May 27, 2011

Posted: 26 May 2011 02:32 AM PDT

By ForexMansion.com
The week ends with the release of KoF Swiss leading indicator which is estimated to retreat to 2.22 in May from the preceding 2.29, as of 09:30 GMT. On the other hand, at 12:30 GMT, 13:55 GMT, and 14:00 GMT the US will release important data including personal income and spending, University of Michigan confidence and pending home sales respectively.
The Swiss franc strengthened for the third day against the greenback after upbeat trade data which showed that Swiss trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment