Thursday, May 19, 2011

DailyMarkets.com - Forex – USD/CHF Off 7-day Low As Risk Appetite Recovers Modestly

DailyMarkets.com - Forex – USD/CHF Off 7-day Low As Risk Appetite Recovers Modestly


Forex – USD/CHF Off 7-day Low As Risk Appetite Recovers Modestly

Posted: 19 May 2011 03:12 AM PDT

Forex Pros – The U.S. dollar eased off a seven-day low against the Swiss franc on Thursday, as gains in commodity prices and equity markets dampened demand for traditional safe haven assets.<br /><br />USD/CHF pulled away from 0.8763, the pair&rsquo;s lowest since May 10, to hit 0.8829 during European morning trade, easing up 0.23%.<br /><br />The pair was likely to find support at 0.8705, the low of May 10 and resistance at 0.8937, the high of May 16.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. CBI Industrial Order Expectations Improve In May

Posted: 19 May 2011 03:05 AM PDT

Forex Pros – U.K. industrial order expectations improved more-than-expected in May, industry data showed on Thursday.<br /><br />In a report, the Confederation of British Industry said its index of industrial order expectations improved to -2.0 in May, compared to reading of -11.0 in April.&nbsp; <br /><br />Analysts had expected the index to decline to -5.0 in April.<br /><br />On the index, a reading above 0.0 indicates increasing order volume is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Hits Daily Low After Strong U.K. Retail Sales Data

Posted: 19 May 2011 02:35 AM PDT

Forex Pros – The euro slid to a daily low against the pound on Thursday, after official data showed that U.K. retail sales climbed more-than-expected in April, boosted by the extra holiday for the Royal Wedding and record temperatures.<br /><br />EUR/GBP hit 0.8792 during European morning trade, the daily low; the pair subsequently consolidated at 0.8798, sliding 0.18%.<br /><br />The pair was likely to find support at 0.8753, Tuesday&rsquo;s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Rise As Air France, Glencore Gain; DAX Up 0.9%

Posted: 19 May 2011 02:20 AM PDT

Forex Pros – European stock markets were broadly higher on Thursday, as solid earnings from Air France boosted airliners, while firm commodity prices supported shares in the commodity sector. <br /><br />During European morning trade, the EURO STOXX 50 rose 0.5%, France&rsquo;s CAC 40 jumped 0.45%, while Germany’s DAX 30 was up 0.9%. <br /><br />Europe&rsquo;s largest airliner Air France-KLM saw shares jump 2% after it posted its first annual profit in three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss ZEW Economic Expectations Drop Significantly In May

Posted: 19 May 2011 02:18 AM PDT

Forex Pros – Economic sentiment in Switzerland dropped significantly in May, plunging by 20.3 points, data showed on Thursday.<br /><br />In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment fell to -11.5 in May, compared to a reading of 8.8 in April. <br /><br />A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.<br /><br />According to the data, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed Vs. Rivals As Commodity Prices Steady

Posted: 19 May 2011 01:37 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, as commodity prices steadied, while economic data painted an uncertain picture of the global economy.<br /><br />During European morning trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.07% to hit 1.4238.<br /><br />But the greenback slipped against the pound, with GBP/USD easing up 0.06% to hit 1.6178.<br /><br />Earlier in the day, official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Retail Sales Rise More-than-expected In April

Posted: 19 May 2011 01:34 AM PDT

Forex Pros – Retail sales in the United Kingdom rose more-than-expected in April, official data showed on Thursday.<br /><br />In a report, the U.K. Office for National Statistics said retail sales rose by a seasonally adjusted 1.1% in April, after rising by 0.3% in March, whose figure was upwardly revised from a gain of 0.2%. <br /><br />Analysts had expected retail sales to rise by 1% in April.<br /><br />The report showed that year-on-year, retail sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Edge Higher On U.S. Supplies Drop

Posted: 19 May 2011 01:23 AM PDT

Forex Pros – Crude oil futures were up for a third day on Thursday, climbing above USD100 a barrel, following an unexpected drop in U.S. crude stockpiles and amid concerns over a disruption to supplies. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD100.38 a barrel during European morning trade, edging 0.22% higher.&nbsp;&nbsp; <br /><br />It earlier rose by as much as 0.7% to a daily high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/GBP Close To 6-week Low Ahead Of U.K. Retail Data

Posted: 19 May 2011 01:00 AM PDT

Forex Pros – The pound was hovering close to a six-week low against the U.S. dollar on Thursday, after a mixed U.K. employment report and a slightly dovish tone to Bank of England policy minutes on Wednesday further dampened expectation for a near-term rate hike.<br /><br />GBP/USD hit 1.6132 during European morning trade, the daily low; the pair subsequently consolidated at 1.6135, slipping 0.19%.<br /><br />Cable was likely to find support at 1.5970, the low of April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jim Chanos: There Are Cracks In China’s Economic Facade

Posted: 19 May 2011 12:52 AM PDT

Jim Chanos was on CNBC yesterday discussing possible signs that China's housing market is weakening. He's been a bear on China for a while but makes some good points in this interview. China hasn't seen a housing bear market since private property was allowed there 12 years ago, so speculators haven't felt the pain of a bust at any point in their lives. There's been some recent news about Australia's housing market coming under some stress as well so this might be an important … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Hit 3-day High On Concerns Over Global Economy

Posted: 19 May 2011 12:45 AM PDT

Forex Pros – Gold futures edged higher on Thursday, climbing to a three-day high after Japan&rsquo;s economy contracted for the second consecutive quarter, while the minutes of the latest Federal Reserve policy meeting showed that Fed officials were divided on when to start tightening policy.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,496.15 a troy ounce during late Asian trade, easing up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro$ Testing Bullish Trendline Support

Posted: 19 May 2011 12:39 AM PDT

Comments out of the ECB have put some downward pressure on the euro, most notably from ECB president, Jean Claude Trichet, who said the ECB will no longer accept Greek bonds as collateral if a sovereign debt restructuring occurs. With no Euro-zone data out tonight, we have seen slow, choppy trading across the market; it seems most of the moves in the EUR are coming from the crosses.

Although we have selling in recent trade, the overall trend appears to be bullish; as you can see above. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Hits 3-week High As U.S. Treasury Yields Support

Posted: 19 May 2011 12:27 AM PDT

Forex Pros – The U.S. dollar eased up to a three-week high against the yen on Thursday, as U.S. Treasury yields rose after minutes from the Federal Reserve’s April meeting sparked speculation that a rate hike could come sooner then previously expected.<br /><br />USD/JPY hit 81.81 during early European trade, the pair&rsquo;s highest since April 28; the pair subsequently consolidated at 81.75, easing up 0.12%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Lower After Trichet Says ECB Will Not Accept Greek Bonds As Collateral If A Maturity Reprofiling Takes Place.

Posted: 19 May 2011 12:20 AM PDT

Forex – AUD/USD Eases Up To 4-day High, Boosted By NZ Budget

Posted: 19 May 2011 12:11 AM PDT

Forex Pros – The Australian dollar eased up to a four-day high against its U.S. counterpart on Thursday, lifted in part by stronger sentiment after New Zealand outlined a budget projecting a return to surplus in four years.<br /><br />AUD/USD hit 1.0681 during late Asian trade, the pair&rsquo;s highest since May 13; the pair subsequently consolidated at 1.0647, rising 0.15%.<br /><br />The pair was likely to find support at 1.0568, Wednesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hits 5-day High After Budget Projects Return To Surplus

Posted: 18 May 2011 11:59 PM PDT

Forex Pros – The New Zealand dollar rose to a five-day high against its U.S. counterpart on Thursday, after the country&rsquo;s government said it would return its budget to surplus in four years by cutting spending.<br /><br />NZD/USD hit 0.7938 during late Asian trade, the pair&rsquo;s highest since May 13; the pair subsequently consolidated at 0.7921, gaining 0.37%.<br /><br />The pair was likely to find support at 0.7824, Wednesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Mixed On Downbeat Japan GDP; Nikkei Sheds 0.4%

Posted: 18 May 2011 11:51 PM PDT

Forex Pros – Asian stock markets were mixed on Thursday, after official data showed that Japan&rsquo;s economy contracted for the second consecutive quarter, pushing the country back into recession and fuelling concerns over the global economic recovery. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index edged 0.4% higher, South Korea’s Kospi Composite tumbled 1.8%, while Japan&rsquo;s Nikkei 225 Index slumped 0.43%. <br /><br />Preliminary data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 4-day High As Commodity Prices Advance

Posted: 18 May 2011 11:44 PM PDT

Forex Pros – The euro rose to a four-day high against the U.S. dollar on Thursday, as oil and other commodity prices steadied boosting investor demand for higher yielding assets.<br /><br />EUR/USD hit 1.4306 during late Asian trade, the pair&rsquo;s highest since May 13; the pair subsequently consolidated at 1.4273, rising 0.17%<br /><br />The pair was likely to find support at 1.4119, the low of July 17 and resistance at 1.4422, the high of May 11.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: PC Mall, Inc

Posted: 18 May 2011 11:02 PM PDT

PC Mall, Inc (NASDAQ:MALL) said is operating income more than doubled last quarter and led to better than expected earnings. Estimates are moving higher for this Zacks #1 Rank (Strong Buy) and they are expanding into a hot new industry.
Company Description
PC Mall is a direct marketer of technology products and services for small and medium sized businesses. They also service government, educational institutions and individual customers under several brands.
Topped Estimates
On May 10 PC Mall … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Universal Tech Institute (UTI)

Posted: 18 May 2011 11:02 PM PDT

Universal Technical Institute’s (NYSE:UTI) average enrollment of the educational institute rose 8.5% in the first quarter but dropped 690 basis points sequentially. Moreover, the rate of fall in the new enrollments accelerated to 13% during the quarter, following a decline of 5% in fourth-quarter 2010.
Management warned that enrollment of new students for fiscal 2011 will be below the prior-year level due to regulations proposed by the Department of Education, and will consequently result in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Virgin Media, Inc. (VMED)

Posted: 18 May 2011 11:02 PM PDT

We upgrade our recommendation on Virgin Media Inc. (NASDAQ:VMED) to Outperform. The company reported strong results for the first quarter of 2011. These solid results were primarily attributable to solid top-line growth, higher operating income, and customer’s preference toward the company’s bundled services.
Virgin Media’s bundled service offerings are gaining increasing market traction. Customers are now more inclined toward high-margin premium services, which offer faster speed. At present, 63% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: PriceSmart, Inc.

Posted: 18 May 2011 11:02 PM PDT

PriceSmart, Inc. (NASDAQ:PSMT) continues to experience exceptionally strong same-store sales growth as its business model gains popularity in Latin America.
The company recently reported same-store sales growth of 21.5% in the month of April after posting its fifth consecutive positive earnings surprise a month earlier.
PriceSmart has also been returning value to shareholders through dividends while it simultaneously expands its retail footprint. It currently yields 1.3%.
April Sales
PriceSmart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Domino's Pizza, Inc.

Posted: 18 May 2011 11:02 PM PDT

Domino’s Pizza, Inc. (NYSE:DPZ) just jumped into a new multi-year high after reporting strong Q1 results that included a 24% earnings surprise. With the company seeing strong international gains and a bullish growth projection, this Zacks #1 stock is a tasty pick for momentum.
Company Description
Domino’s Pizza, Inc., through its subsidiaries, operates or franchises over 9,450 stores worldwide. The company was founded in 1960 and has a market cap of $1.48 billion.
Domino’s has been on a tear 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: 18 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 1.4258, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4306, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8827 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 18 May 2011 10:30 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6162, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday&rsquo;s low, and resistance at 1.6303, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8835 and GBP/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down On Economic Data

Posted: 18 May 2011 10:05 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on Industrial Production.<br/><br/> USD/JPY was trading at 81.55, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 80.64, Monday&rsquo;s low, and resistance at 81.81, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Industrial production in Japan fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japan’s Industrial Production Falls More-than-expected

Posted: 18 May 2011 09:55 PM PDT

Forex Pros – Industrial production in Japan fell more-than-expected last month, data showed on Thursday.<br/><br/>In a report, the Ministry of Economy, Trade and Industry said that industrial production fell to a seasonally adjusted -15.5%, from -15.3% in the preceding month.<br/><br/>Analysts had expected industrial production to fall -15.1% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 18 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 0.8786, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 0.8784, Wednesday&rsquo;s low, and resistance at 0.8939, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.31% to hit 1.4293 and USD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Cracking Resistance As NZ’s Budget Calls For Cuts

Posted: 18 May 2011 09:23 PM PDT

NZD/USD Forming Head and Shoulder…(5/17)
NZD/USD

Short-term to Medium-term- New Zealand did release some budget cutting plans that like many nations during this economic downturn have in place. How will the market digest this? (pdf of the NZ Annual Budget Release).
- The NZD/USD is at an important juncture.
- Looking at the 4H chart you can see the market testing a declining trendline and the 200SMA with force. The RSI is also testing 60, a break above which would suggest a lost of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Thursday 19 May

Posted: 18 May 2011 09:16 PM PDT

Morning Highlights

Singapore shares edged up after releasing of GDP data, with STI up 21.68 points to open at 3152.1. Shares recover from yesterday's losses but continue to move choppy in early trades.

Prime Minister Lee Hsien Loong yesterday announced sweeping changes to his Cabinet line-up, bringing in new chiefs for 11 of the 14 ministries and promising all ministers a ‘free hand’ to reshape policies.

Watch Out For Today's News:

Singapore GDP (1Q) : Singapore revised up its 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 18 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 0.8830, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 0.8682, Tuesday&rsquo;s low, and resistance at 0.8842, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.27% to hit 1.4288 and EUR/JPY rising 0.15% 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: 18 May 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on GDP.<br/><br/> USD/JPY was trading at 81.55, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 80.64, Monday&rsquo;s low, and resistance at 81.81, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell more-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: 18 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 0.9680, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 0.9676, today&rsquo;s low, and resistance at 0.9794, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.34% to hit 1.4298 and GBP/USD rising 0.09% 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: 18 May 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0671, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 1.0506, Tuesday&rsquo;s low, and resistance at 1.0676, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.04% to hit 1.3397 and AUD/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Partisan Grading: Democratic Professors Are More Likely To Redistribute Grades Than Republicans

Posted: 18 May 2011 07:27 PM PDT

From a very interesting forthcoming paper in the American Economic Journal titled “Partisan Grading” by economists Talia Bar (Cornell) and Asaf Zussman (Hebrew University):

Abstract: We study grading outcomes associated with professors in an elite U.S. university who were identified using voter registration records as either Republicans or Democrats. The evidence suggests that student grades are linked to the political orientation of professors: relative to their Democratic colleagues, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 18 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 1.4283, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4288, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.23% to hit 0.8834 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 18 May 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Thursday after the release of Japanese data on GDP.<br/><br/> EUR/JPY was trading at 116.57, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 113.42, Monday&rsquo;s low, and resistance at 116.70, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 18 May 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Thursday after the release of Japanese data on GDP.<br/><br/> GBP/JPY was trading at 131.98, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 130.40, Monday&rsquo;s low, and resistance at 133.19, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:29 PM PDT

By ForexMansion.com

 
The USD/JPY pair rallied on Wednesday again, and continues to trade in the upward channel that it has formed over the last several months. The pair looks bullish, and there are plenty of central bankers that are willing to sell the JPY to make sure it stays that way. Look to buy on dips.

Originally posted here
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USD/CHF Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:28 PM PDT

By ForexMansion.com

 
The USD/CHF pair rose on Wednesday, but fell again, and is looking rather weak as it fell back down towards the 0.88level. This shows how weak the USD really is against the CHF as the trend is still in full strength – even through the bounce we have seen lately. A sustained close below 0.88 is a sell signal. Until we break 0.90 – even talking about buying isn't advised.

Originally posted here
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USD/CAD Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:27 PM PDT

By ForexMansion.com

 
The USD/CAD pair moved higher, but only to fall lower at the end of the session on Wednesday. The candle formation is a shooting star, and it should be noted it is the second one in two days. This shows that the buyers are certainly struggling at these levels, and that the trend may start back down. The market certainly would favor that as there has to be a ton or sell orders above the area we find ourselves in now. A break of the 0.97 level will be key for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:24 PM PDT

By ForexMansion.com

 
The NZD/USD pair rose again on Wednesday and looks like it is ready to try to reach the upper area of the consolidation range at the 0.80 mark. This would make sense as the commodity markets are starting to heat up again, and the trend is certainly up. We are currently looking at this 200 pip range the pair is in as scalping opportunities.

Originally posted here
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GBP/USD Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:23 PM PDT

By ForexMansion.com

 
The GBP/USD pair continued its slide during the Wednesday session, but is still in a "no man's land" kind of area. Because of this, we are simply waiting to see if 1.60 gets tested again. If it does – and it holds….that would be a great place to buy. Currently we are flat in our opinion of this pair.

Originally posted here
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GBP/CHF Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:20 PM PDT

By ForexMansion.com

 
The GBP/CHF pair fell hard during the Wednesday session. This pair is in serious trouble of breaking through to new lows, although it failed to do so during this latest plunge. However, there is nothing technically appealing about this chart that would make someone buy it. Sell rallies – and sell it if it goes to new lows.

Originally posted here
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EUR/USD Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:19 PM PDT

By ForexMansion.com

 
The EUR/USD had a slightly bearish red candle for the day on Wednesday, but it should be noted that it bounced later in the day, and off of the 1.42 area. This could provide clues as to what level looks to be support. The 1.42 certainly is a great candidate. The market still looks a bit on the bullish side, and buyers are seen coming in at these levels. Selling isn't considered until we see a 1.39 handle print in this pair.

Originally posted here
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EUR/JPY Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:14 PM PDT

By ForexMansion.com

 
The EUR/JPY fell on Wednesday, but rallied late in the day as the 115 mark continues to be of vital importance. The central banks are below that line, and almost everyone in the trading world knows this. Look to buy on signs of strength, or if you are lucky enough – on a dip like the one we got in the early hours of Wednesday.

Originally posted here
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EUR/GBP Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:13 PM PDT

By ForexMansion.com

 
The EUR/GBP pair rose on Wednesday, busting through the 0.88 mark – again. It of course fell back through it as well. This pair seems to favor the upside, but is extremely choppy as the market decides what to do. In the mean time, it can be scalped, but the odds are that we will be trading between 0.88 and 0.87 for the short-term.

Originally posted here
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EUR/CHF Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:12 PM PDT

By ForexMansion.com

 
The EUR/CHF had a bullish start to the day on Tuesday, but fell rapidly later in trading to ultimately form a doji. The trend is certainly down, but this candle leaves us asking "Now what?" This pair isn't worth getting involved in until it decides on where it wants to go. Even the range is too tight for the scalpers.

Originally posted here
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AUD/USD Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:11 PM PDT

By ForexMansion.com

 
The AUD/USD pair moved higher during Wednesday trading, but only ended up falling low enough to make a doji. The 1.05 area below is still supportive, and the market should show us this in the next day or two. A break of the Wednesday highs should get more buying, and a break below 1.05 will bring in sellers, perhaps down to 1.02 before it is all said and done. The trend is certainly up though, and one should never forget that.

Originally posted here
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AUD/NZD Technical Analysis For May 19, 2011

Posted: 18 May 2011 03:10 PM PDT

By ForexMansion.com

 
The AUD/NZD pair fell Wednesday, and seems to be simply treading water in the present area. The pair has no clear direction, and we have no signals to buy or sell until we either break 1.37 to the upside, or fall below 1.32 to the downside. Currently, we are sitting on our hands.

Originally posted here
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USD/CAD Daily Fundamental Analysis For May 19, 2011

Posted: 18 May 2011 08:33 AM PDT

By ForexMansion.com
The USD/CAD pair rose on Wednesday despite rising commodity prices, which usually weigh down on the USD/CAD pair, since it provides the Canadian dollar with strength, nonetheless, the Euro fell against the USD amid the uncertainty over Greece's debt crisis, which dragged down other currencies including the CAD, and accordingly, the USD/CAD pair was able to gain,
Moreover, mixed data from Canada failed to provide the CAD with strength, where the leading indicators rose in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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