DailyMarkets.com - Forex – USD/CHF Eases Back From Record Low As Swiss Growth Slows

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• Forex – USD/CHF Eases Back From Record Low As Swiss Growth Slows
• Forex Trading: USD/CAD Hourly Support @ .96984
• Forex – Euro Nears 1-month High Against Broadly Weaker Yen
• Euro Zone Unemployment Rate Holds Steady In April
• Euro Zone Flash CPI Declines Unexpectedly In May
• Canadian Solar Connects In UK
• Forex Trading: Eurozone CPI
• European Stocks Surge On Greece Aid Hopes; DAX Jumps 1.9%
• Forex – Dollar Broadly Lower As Euro Gains On Greece Loan Hopes
• Forex – GBP/USD Hits 4-week High As Risk Sentiment Strengthens
• German Unemployment Change Declines Less-than-expected
• Crude Oil To Follow S&P 500 Higher, Gold Torn Between Competing Forces
• Crude Oil Surges To 3-week High On Broadly Weaker U.S. Dollar
• Forex – USD/JPY Surges To 3-day High As Japan Faces Debt Downgrade
• Gold Futures Hover Close To 4-week High On Soft U.S. Dollar
• Forex – AUD/USD Pares Gains After Disappointing Economic Data
• Forex – NZD/USD Hits Record High After Business Confidence Data
• Asia Stocks Rally On Optimism Over Greece; Nikkei Jumps 2%
• Forex – EUR/USD Jumps On Greek Loan Deal Hopes
• Bear Of The Day: Universal Forest Products (UFPI)
• Bull Of The Day: Oracle Corporation (ORCL)
• Growth & Income Stock: Darden Restaurants, Inc.
• Aggressive Growth Stock: Old Dominion Freight
• Momentum Stock: Macy's
• Forex – EUR/USD Up During The Asian Session
• Swiss GDP Rises Less-than-expected
• Forex – GBP/USD Up In Asian Trade
• Forex – AUD/USD Up On Economic Data
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• EPA And DOT Unveil New Window Stickers For Autos
• Forex – EUR/GBP Up During The Asian Session
• Singapore Stock Market Update For Tuesday 31 May
• Forex – USD/JPY Up During Asian Trade
• Forex – USD/CAD Down In Asian Trading Hours
• Forex – AUD/USD Up During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Australia’s Current Account Balance Falls More-than-expected
• Nothing To See Here
• Metro Pacific Investments Corp. (MPI) Target Price
• Forex – EUR/JPY Up During Asian Trade
• Forex Trading: Euro Rises To 3-Week High
• Forex – GBP/JPY Up During The Asian Session
• USD/JPY Technical For Analysis May 31, 2011
• USD/CHF Technical For Analysis May 31, 2011
• USD/CAD Technical For Analysis May 31, 2011
• NZD/USD Technical For Analysis May 31, 2011
• GBP/USD Technical For Analysis May 31, 2011
• GBP/JPY Technical For Analysis May 31, 2011
• GBP/CHF Technical For Analysis May 31, 2011
• EUR/USD Technical For Analysis May 31, 2011
• EUR/JPY Technical For Analysis May 31, 2011
• EUR/GBP Technical For Analysis May 31, 2011
• EUR/CHF Technical For Analysis May 31, 2011
• AUD/USD Technical For Analysis May 31, 2011
• AUD/NZD Technical For Analysis May 31, 2011
• GBP/USD Daily Fundamental Analysis For May 31, 2011
• USD/CHF Daily Fundamental Analysis For May 31, 2011
• EUR/USD Daily Fundamental Analysis For May 31, 2011
• USD/CAD Daily Fundamental Analysis For May 31, 2011
• Forex News – Thing Trading Dominates Markets As U.S. Markets Are Off And Lack Of Economic News From Europe
• Time To Sell? Roach Turns Bullish On China

Forex – USD/CHF Eases Back From Record Low As Swiss Growth Slows Posted: 31 May 2011 03:09 AM PDT Forex Pros – The Swiss franc pulled back from a record high against the U.S. dollar on Tuesday, after official data showed that the Swiss economy grew more-slowly-than-expected in the first quarter.<br /><br />USD/CHF pulled back from 0.8466, the pair&rsquo;s lowest since Friday, to hit 0.8502 during European morning trade, still down 0.20% on the day.<br /><br />The pair was likely to find short-term support at 0.8461, Friday&rsquo;s low and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CAD Hourly Support @ .96984 Posted: 31 May 2011 02:41 AM PDT With the past 3 hourly candlesticks, the pair has found possible support from the .96984 level; we have not seen trading below this level since May 20th. If support holds, .9739 is our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Nears 1-month High Against Broadly Weaker Yen Posted: 31 May 2011 02:22 AM PDT Forex Pros – The euro rallied to an almost one-month high against the broadly weaker yen on Tuesday, as concerns over a Greek sovereign debt default eased and after ratings agency Moody&rsquo;s placed Japan&rsquo;s sovereign debt rating under review, pending a possible downgrade.<br /><br />EUR/JPY hit 117.80 during European morning trade, the pair&rsquo;s highest since May 5; the pair subsequently consolidated at 117.54, jumping 1.69%.<br /><br />The pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Unemployment Rate Holds Steady In April Posted: 31 May 2011 02:14 AM PDT Forex Pros – The euro zone&rsquo;s unemployment rate held steady in April, official data showed on Tuesday. <br /><br />In a report, Eurostat said that the euro zone&rsquo;s unemployment rate remained unchanged at a seasonally adjusted rate of 9.9% in April, broadly in line with expectations. <br /><br />According to the data, the number of unemployed people in the euro zone was 22.54 million in April, of whom 15.52 million were in the euro area.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Flash CPI Declines Unexpectedly In May Posted: 31 May 2011 02:07 AM PDT Forex Pros – Consumer price inflation in the euro zone declined unexpectedly in May, preliminary data showed on Tuesday.<br /><br />In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.7% in May, after rising by 2.8% in April.<br /><br />Analysts had expected euro zone CPI to remain unchanged at 2.8% in May.<br /><br />Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD jumping 0.93% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Solar Connects In UK Posted: 31 May 2011 02:05 AM PDT Canadian Solar Inc. (NASDAQ:CSIQ), in an expansion spree in the U.K. solar markets, has entered into an agreement to supply 15 megawatt (MW) of solar modules for three UK solar farms that are constructed by Spanish renewable energy project company Isolux. The three UK solar farms are located in Churchtown, East Langford and Manor Farm, and use Canadian Solar’s high quality and high-performing CS6P solar modules. The projects are expected to be completed in June 2011. Canadian Solar's solar modules … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone CPI Posted: 31 May 2011 02:03 AM PDT Eurozone CPI y/y came in at 2.7%, weaker than the 2.8% expected. Eur/Usd continues to trade at or near session highs, currently at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Surge On Greece Aid Hopes; DAX Jumps 1.9% Posted: 31 May 2011 02:00 AM PDT Forex Pros – European stock markets posted sharp gains on Tuesday, as shares in the financial sector led gains amid hopes for a resolution to Greece&rsquo;s debt woes, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 surged 1.75%, France&rsquo;s CAC 40 jumped 1.4%, while Germany’s DAX 30 rallied 1.9%. <br /><br />Market sentiment was boosted after the Wall Street Journal reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower As Euro Gains On Greece Loan Hopes Posted: 31 May 2011 01:25 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as concerns over a possible restructuring of Greek sovereign debt eased, boosting the single currency.<br /><br />During European morning trade, the greenback was sharply lower against the euro, with EUR/USD rallying 0.93% to hit 1.4414.<br /><br />Earlier in the day, the Wall Street Journal reported that Germany was considering dropping its push for a rescheduling of Greek bonds … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 4-week High As Risk Sentiment Strengthens Posted: 31 May 2011 01:12 AM PDT Forex Pros – The pound was up against the U.S. dollar on Tuesday, rising to a four-week high as concerns over a Greek sovereign debt default eased, boosting demand for higher yielding assets.<br /><br />GBP/USD hit 1.6547 during European morning trade, the pair&rsquo;s highest since May 4; the pair subsequently consolidated at 1.6516, gaining 0.25%.<br /><br />Cable was likely to find support at 1.6377, last Friday&rsquo;s low and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Unemployment Change Declines Less-than-expected Posted: 31 May 2011 01:01 AM PDT Forex Pros – The number of unemployed people in Germany declined less-than-expected in May, official data showed on Tuesday.<br /><br />In a report, Germany’s Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -8K in May, after falling by -33K in April, whose figure was revised from a decline of -37K.<br /><br />Analysts had expected the number of unemployed people to decline by -31K in May.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil To Follow S&P 500 Higher, Gold Torn Between Competing Forces Posted: 31 May 2011 12:58 AM PDT Commodities – Energy Crude Oil to Follow S&P 500 Higher WTI Crude Oil (NY Close): $100.43 // -0.16 // -0.16% Prices continue to consolidate below the 38.2% Fibonacci retracement of the drop from the May 2nd high at $102.35. A break above this boundary exposes the 50% level at $104.73. Broadly speaking, anything shy of that keeps the overall structure broadly bearish. Near-term support stands at the psychologically significant $100 figure, followed by the 5/6 low at $94.65. Prices remain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Surges To 3-week High On Broadly Weaker U.S. Dollar Posted: 31 May 2011 12:56 AM PDT Forex Pros – Crude oil futures advanced on Tuesday, climbing to a three-week high as a broadly weaker U.S. dollar and renewed worries over unrest in the Middle East and North Africa boosted prices.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD102.09 a barrel during European morning trade, jumping 1.68%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier rose as much as 1.7% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Surges To 3-day High As Japan Faces Debt Downgrade Posted: 31 May 2011 12:36 AM PDT Forex Pros – The U.S. dollar surged to a three-day high against the yen on Tuesday, after Moody&rsquo;s Investors Service said it was placing Japan&rsquo;s sovereign debt rating under review for a possible downgrade.<br /><br />USD/JPY hit 81.74 during early European trade, the pair&rsquo;s highest since last Thursday; the pair subsequently consolidated at 81.72, jumping 1.00%.<br /><br />The pair was likely to find support at 80.70, Monday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Hover Close To 4-week High On Soft U.S. Dollar Posted: 31 May 2011 12:26 AM PDT Forex Pros – Gold futures eased off a four-week high on Tuesday amid speculation the European Union will prove additional aid to Greece, but losses were limited as a broadly weaker U.S. dollar boosted the appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,538.35 a troy ounce during late Asian trade, edging 0.08% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Pares Gains After Disappointing Economic Data Posted: 31 May 2011 12:05 AM PDT Forex Pros – The Australian dollar pared gains against its U.S. counterpart on Tuesday, pulling back from a 13-day high after data showed that the country&rsquo;s current account deficit widened and home building approvals fell.<br /><br />AUD/USD pulled away from 1.0756, the pair&rsquo;s highest since May 11, to hit 1.0691 during late Asian trade, up just 0.02% on the day.<br /><br />The pair was likely to find short-term support at 1.0604, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Hits Record High After Business Confidence Data Posted: 30 May 2011 11:51 PM PDT Forex Pros – New Zealand&rsquo;s dollar rose to a record high against its U.S. counterpart on Tuesday, after a report showing that business confidence surged to a one-year high in April.<br /><br />NZD/USD hit 0.8264 during late Asian trade, the pair&rsquo;s highest since exchange rate controls ended in 1985; the pair subsequently consolidated at 0.8253, jumping 1.10%. <br /><br />The pair was likely to find support at 0.8068, last Friday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Rally On Optimism Over Greece; Nikkei Jumps 2% Posted: 30 May 2011 11:46 PM PDT Forex Pros – Asian stock markets were broadly higher on Tuesday, amid optimism that the European Union will do more to solve Greece&rsquo;s sovereign debt crisis, while upbeat industrial production data boosted shares in Japan. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.5%, South Korea’s Kospi Composite soared 2.3%, while Japan&rsquo;s Nikkei 225 Index rallied 2%.&nbsp;&nbsp; <br /><br />Market sentiment was boosted after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Jumps On Greek Loan Deal Hopes Posted: 30 May 2011 11:20 PM PDT Forex Pros – The euro was up against the U.S. dollar on Tuesday, rising to an almost three-week high after reports that Germany was considering dropping its push for a rescheduling of Greek bonds to facilitate a new package of aid loans to the country.<br /><br />EUR/USD hit 1.4406 during late Asian trade, the pair&rsquo;s highest since May 11; the pair subsequently consolidated at 1.4380, surging 0.69%.<br /><br />The pair was likely to find support at 1.4124, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Universal Forest Products (UFPI) Posted: 30 May 2011 11:05 PM PDT Universal Forest Products Inc. (NASDAQ:UFPI) reported quite disappointing results in the first quarter of 2011 with EPS falling 20 cents below the Zacks Consensus Estimate. The company’s top line also plummeted, largely owing to lost production days and lower sales in its three major business segments. Moreover, higher costs of sales due to volatile lumber prices added to the downfall. In addition, Universal’s precarious dependence on general market conditions and growth in end-markets heighten … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Oracle Corporation (ORCL) Posted: 30 May 2011 11:05 PM PDT Oracle Corporation (NYSE:TM) reported strong third quarter results, which beat the Zacks Consensus Estimate by $0.04. Robust results were primarily driven by strong revenue growth and new software sales were encouraging. The company also provided a robust fourth quarter 2011 outlook. Given the improving prospects, we have raised our estimates for the fourth quarter, fiscal 2011 and fiscal 2012 by 6.2%, 4.0% and 3.6%, respectively. We believe Oracle will continue to benefit from its dominant … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Darden Restaurants, Inc. Posted: 30 May 2011 11:05 PM PDT Darden Restaurants, Inc. (NYSE:DRI) offers investors an attractive three-course meal: strong growth, a solid (and rising) dividend, and reasonable valuation. The company recently posted better than expected results for its fiscal third quarter, marked by same-store sales growth and expanding margins. Both management and analysts are projecting strong double-digit EPS growth over the next two years. It is a Zacks #2 Rank (Buy). Darden is also shareholder-friendly and has been buying back stock and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Old Dominion Freight Posted: 30 May 2011 11:05 PM PDT Old Dominion Freight Line Inc. (NASDAQ:ODFL) is coming off of its sixth consecutive earnings surprises. Estimates are moving higher and valuations are looking good. Taking a deeper look at this Zacks #1 Rank (Strong Buy) is well worth your time. Company Description Old Dominion is a national freight company that offers less-than-truckload services in 5 days or less. They load up a single truck with multiple orders and route them through delivery centers. Well Ahead of Expectations On Apr 27 Old … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Macy's Posted: 30 May 2011 11:05 PM PDT Macy’s, Inc. (NYSE:M) is fresh off the heels of an impressive 67% Q1 earnings surprise that sent shares jumping to a new multi-year high. With a high industry rank and bullish growth projection, this Zacks #1 rank stock is a shopping spree of momentum. Company Description Macy’s, Inc., together with its subsidiaries, operates department stores in the United States. The company was founded in 1820, was originally named Federated before changing its name to Macy’s in 2007 and has a market cap of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 30 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 1.4376, up 0.66% at time of writing.<br/><br/> The pair was likely to find support at 1.4068, Thursday&rsquo;s low, and resistance at 1.4406, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8699 and EUR/JPY rising 1.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss GDP Rises Less-than-expected Posted: 30 May 2011 10:55 PM PDT Forex Pros – Switzerland&rsquo;s gross domestic product rose less-than-expected in the last quarter, official data showed on Tuesday.<br/><br/>In a report, Federal Statistical Office said that Swiss GDP rose to a seasonally adjusted 0.3%, from 0.8% in the preceding quarter whose figure was revised down from 0.9%.<br/><br/>Analysts had expected Swiss GDP to rise 0.6% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 30 May 2011 10:25 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6542, up 0.41% at time of writing.<br/><br/> The pair was likely to find support at 1.6275, Thursday&rsquo;s low, and resistance at 1.6547, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.28% to hit 0.8694 and GBP/JPY rising 0.85% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up On Economic Data Posted: 30 May 2011 10:05 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of Australian data on Current Account.<br/><br/> AUD/USD was trading at 1.0718, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.0511, Thursday&rsquo;s low, and resistance at 1.0757, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australia&rsquo;s current account balance fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours Posted: 30 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 1.2232, up 0.50% at time of writing.<br/><br/> The pair was likely to find support at 1.2104, Friday&rsquo;s low, and resistance at 1.2360, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.71% to hit 1.4383 and EUR/JPY rising 1.06% 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: 30 May 2011 09:25 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8496, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 0.8466, today&rsquo;s low, and resistance at 0.8734, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.67% to hit 1.4377 and USD/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EPA And DOT Unveil New Window Stickers For Autos Posted: 30 May 2011 09:00 PM PDT 05/31/11 Updated vehicle stickers will provide consumers with more information on fuel efficiency and mpg … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The Asian Session Posted: 30 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 0.8691, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.8611, Thursday&rsquo;s low, and resistance at 0.8713, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.65% to hit 1.4375 and EUR/JPY rising 0.93% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Tuesday 31 May Posted: 30 May 2011 08:38 PM PDT Japan stocks lead Asia up after two straight sessions of losses amid signs that industrial production may improve. Hong Kong shares extend gains, spurred by gains in financial, power utility and resource stocks. US market was closed yesterday. Our market is on the positive side. Short term trading Metro Holdings enter 0.96 SL 0.89 Mid term holding Straits Asia enter 2.95 SL 2.43 (there is another opportunity to enter at 3.01 if you missed this previous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 30 May 2011 08:35 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of Japanese data on Industrial Production.<br/><br/> USD/JPY was trading at 81.24, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 80.71, Friday&rsquo;s low, and resistance at 82.03, Thursday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In Asian Trading Hours Posted: 30 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 0.9734, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.9730, today&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 0.74% to hit 1.4388 and GBP/USD rising 0.41% 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: 30 May 2011 07:20 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of Australian data on Current Account.<br/><br/> AUD/USD was trading at 1.0753, up 0.58% at time of writing.<br/><br/> The pair was likely to find support at 1.0511, Thursday&rsquo;s low, and resistance at 1.0757, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australia&rsquo;s current account balance fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 30 May 2011 07:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4399, up 0.82% at time of writing.<br/><br/> The pair was likely to find support at 1.4068, Thursday&rsquo;s low, and resistance at 1.4402, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8708 and EUR/JPY rising 0.68% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australia’s Current Account Balance Falls More-than-expected Posted: 30 May 2011 06:45 PM PDT Forex Pros – Australia&rsquo;s current account balance fell more-than-expected in the last quarter, official data showed on Tuesday.<br/><br/>In a report, Australian Bureau of Statistics said that Australia&rsquo;s current account balance fell to a seasonally adjusted -10.4B, from -7.3B in the preceding quarter.<br/><br/>Analysts had expected Australia&rsquo;s current account balance to fall -10.1B in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nothing To See Here Posted: 30 May 2011 06:43 PM PDT It’s a good thing Washington bailed out the banks and rescued the financial system with all those trillions of dollars. Otherwise, we might have to take the following articles seriously: “Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives” (Bloomberg) Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven't been resolved. "There is definitely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Metro Pacific Investments Corp. (MPI) Target Price Posted: 30 May 2011 06:37 PM PDT Metro Pacific Investments Corporation (MPI) Consensus Target Price: PHP 4.57 Firm Name Analyst Target Price Date Released King Eng Securities Nerecina 3.96 5/30/2011 JPMorgan Yutan 4.00 5/26/2011 CLSA Mercado 5.00 5/26/2011 Phil. Equity Partners Felix 4.85 5/25/2011 CitisecOnline Ching 4.67 5/12/2011 Wealth Securities Avinante 4.92 5/11/2011 *Target Price is set at 6 to 12 months from release. *Data taken from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade Posted: 30 May 2011 06:35 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Tuesday after the release of Japanese data on Industrial Production.<br/><br/> EUR/JPY was trading at 116.20, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 114.48, Thursday&rsquo;s low, and resistance at 116.38, Thursday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Rises To 3-Week High Posted: 30 May 2011 06:26 PM PDT The EUR/USD pair has moved well through the 21 day moving average to hit a 3-week high amid speculation Germany will support the new Greek aid package. The 4-hr Chart could also be turning bullish on the pair as we see 4-21hr mavg moving above the 4-100hr  as it approached the 4-200hr, where it will be interesting to see if the pair finds some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 30 May 2011 05:45 PM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Tuesday after the release of Japanese data on Industrial Production.<br/><br/> GBP/JPY was trading at 133.52, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 132.65, Thursday&rsquo;s low, and resistance at 133.80, Thursday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:11 PM PDT By ForexMansion.com   The USD/JPY pair bounced during holiday trading on Monday, albeit slightly. The pair is currently above the all-important 80 level and therefore probably safe from intervention. This is why we like the 80 level so much, as it is where the central banks pushed prices above last time they intervened. We are looking for buying opportunities closer to that level. For the time being, we are simply waiting for our chance. Originally posted here Find more information … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:10 PM PDT By ForexMansion.com   The USD/CHF barely moved during light trading as the US was closed due to Memorial Day. The pair is currently in a strong bearish downtrend, and there is nothing that shows it is about to change. The large candle on Friday solidified the bearishness of the market as we smashed through all-time lows again. The pair is a sell on the rallies pair, or sell on fresh lows pair. There is no excuse for buying this pair. Originally posted here Find more information about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:09 PM PDT By ForexMansion.com   The USD/CAD barely moved during light trading as the US was closed due to Memorial Day. The pair is currently struggling to gain momentum at the 0.98 zone, a major area of resistance. This pair is waiting for the oil markets to make up their mind, and see which direction that commodity wants to go. If it goes up, the CAD should benefit. The trend is down, and this area has been holding for days. We like selling on a large red candle as the path of least resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:08 PM PDT By ForexMansion.com   The NZD/USD pair fell in light trading as the Americans are all on holiday. However, it should be said that we are currently falling back to retest the breakout at 0.81, and if it holds – good things are in store for the Kiwi dollar. The 0.81 will be vital to start another large bull run in this pair. If it doesn't hold, the 0.7 and 0.75 will have to be overcome in order to get the sellers in control. Originally posted here Find more information about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:07 PM PDT By ForexMansion.com   The GBP/USD pair fell during light trading as the Americans were celebrating Memorial Day on Monday. However, the daily candle is a hammer, suggesting that there might be some strength hiding in the market at this point. The trend is up – so we are more inclined to buy than sell. A breakout above the 1.65 gets us constructive again. Originally posted here Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:06 PM PDT By ForexMansion.com   The GBP/JPY pair bounced during holiday trading on Monday. This pair is currently building some kind of basing pattern, and could be winding up for a long-term move upwards. The central banks willing to step in below doesn't hurt that proposition either. We like buying this pair on dips, and would also buy if we can get a clean break above the 134-135 resistance zone. 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 For Analysis May 31, 2011 Posted: 30 May 2011 05:05 PM PDT By ForexMansion.com   The GBP/CHF pair managed a slight bounce during holiday trading on Monday. However, this pair is decidedly bearish as we made fresh all-time lows again on Friday. Because of this, we feel that selling rallies is the way to go in this market. After all, it's worked for several years now. 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

EUR/USD Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:04 PM PDT By ForexMansion.com   The EUR/USD barely moved during light trading as the US was closed due to Memorial Day. The pair looks rather bullish, but it should be said that there is always going to be headline risk with it, and the pair hasn't managed a new "higher high" yet. Because of this, we urge caution until we break decidedly in one direction or another. In fact, this pair might be one of the most dangerous to trade at the moment. Originally posted here Find more information … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:03 PM PDT By ForexMansion.com   The EUR/JPY pair bounced during holiday trading on Monday, albeit slightly. The pair is currently trying to break out of a resistance area in the 117 area, and could do so soon. Of course, the biggest problem with this pair is that it includes the Euro, and that of course includes a lot of headline risk. Because of this, we prefer trading other yen-related pairs for the time being. 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

EUR/GBP Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:02 PM PDT By ForexMansion.com   The EUR/GBP barely moved during light trading as the US was closed due to Memorial Day. The pair is currently consolidating with a slightly bearish bias. This could continue as the Euro Zone has so much headline risk associated with it. A break below the 0.86 mark would be an interesting place to short this pair. Buying is going to be difficult until we get new highs – above the 0.90 area. Originally posted here Find more information about technical analysis, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:01 PM PDT By ForexMansion.com   The EUR/CHF barely moved during light trading as the US was closed due to Memorial Day. The pair looks rather bearish, and there is absolutely nothing that I can see that would make me change my mind. Simply selling on rallies has made some traders very happy. Buying can only bring losses. 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

AUD/USD Technical For Analysis May 31, 2011 Posted: 30 May 2011 05:00 PM PDT By ForexMansion.com   The AUD/USD barely moved during light trading as the US was closed due to Memorial Day. The pair is currently in a strong uptrend, and looks like it wants to form a flag of sorts. If we can break higher, and out of the flag – that could give us a target as high as 1.20! Of course, we haven't done so yet, so this is simply speculation. A break lower could also signal a bearish channel is forming. Either way, we want to see a large green candle before putting on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical For Analysis May 31, 2011 Posted: 30 May 2011 04:59 PM PDT By ForexMansion.com   The AUD/NZD had a decent bullish move on Monday, especially considering it was a holiday in the United States. The pair looks like it wants to bounce, and the trend is up – so it could be significant. However, we recently broke support at the 1.32 area, and it was significant. Because of this, we are waiting to see what 1.32 has in store for this pair before we get involved. 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/USD Daily Fundamental Analysis For May 31, 2011 Posted: 30 May 2011 03:38 AM PDT By ForexMansion.com   As the UK economy lacks fundamentals, the US will release S&P Caseshiller home price, Chicago Purchasing Manager and consumer confidence at 13:00 GMT, 13:45 GMT and 14:00 GMT respectively. The downbeat US data released in the week ended May 27 pushed the pair to the downside as it raised expectations the Fed would keep interest rate low for longer period, probably till the end of this year, to prevent recovery from losing momentum. On Monday, the movements were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For May 31, 2011 Posted: 30 May 2011 03:37 AM PDT By ForexMansion.com   The Swiss economy will release the awaited GDP data where the quarterly data is set to record 0.6% expansion from 0.9% growth in the fourth quarter while the annual reading will retreat to 2.9% from 3.1%, according to median forecasts, as of 06:45 GMT. For the US, S&P Caseshiller home price, Chicago Purchasing Manager and consumer confidence will be out at 13:00 GMT, 13:45 GMT and 14:00 GMT respectively. On Monday movements in the market were within narrow ranges … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Daily Fundamental Analysis For May 31, 2011 Posted: 30 May 2011 03:36 AM PDT By ForexMansion.com The Euro fell against the U.S. dollar on Monday in thin trading, where a lack of economic fundamentals from Europe and the U.S., in addition to renewed fears over the outlook of the Euro Zone debt crisis, as Greek Prime Minister, George Papandreou, failed to get support for a new austerity plan, and accordingly, the Euro fell against most majors including the USD. Important fundamentals will be released from Europe on Tuesday, and accordingly, we expect the pair to move in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For May 31, 2011 Posted: 30 May 2011 03:12 AM PDT By ForexMansion.com The USD/CAD pair rose on Monday in thin trading due to the holiday in the United States, as Canada's GDP report provided mixed results and as crude oil prices dropped, where Canada's GDP report showed the Canadian economy expanded better than forecasts in March, but over the first quarter GDP growth expanded below expectations. Moreover, the CAD was negatively affected by falling oil prices, and accordingly, the USD/CAD pair was able to gain and rise to the upside. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Thing Trading Dominates Markets As U.S. Markets Are Off And Lack Of Economic News From Europe Posted: 30 May 2011 03:11 AM PDT By ForexMansion.com Trading in financial markets was rather calm on Monday amid the absence of U.S. markets, and a lack of economic fundamentals from Europe, which forced thin trading in global financial markets, and accordingly, investors were cautious in trading, as renewed fears from the Euro Zone debt crisis continued to weigh down on confidence levels. Stock markets in the United States were closed on Monday. European stock indexes were mixed before closing on Monday, where CAC 40 was down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Time To Sell? Roach Turns Bullish On China Posted: 28 May 2011 06:33 AM PDT When I was a portfolio manager in the 90′s, my Morgan Stanley salesman used to invite me into New York from Boston for meetings and lunches, which I never attended. I used to quip that I would see him in New York when their (then) strategist Stephen Roach turned bullish. Even then, Roach was the perennial grump and bear, much like David Rosenberg and Albert Edwards are today. So it was with some surprise that I saw Roach’s bullish commentary on China entitled 10 Reasons Why China is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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