Friday, May 20, 2011

DailyMarkets.com - Forex – USD/JPY Down In European Trade

DailyMarkets.com - Forex – USD/JPY Down In European Trade


Forex – USD/JPY Down In European Trade

Posted: 20 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 81.56, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 80.68, Monday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.001% to hit 1.4310 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up In European Trading Hours

Posted: 20 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 1.4320, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4346, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8809 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The European Session

Posted: 20 May 2011 01:10 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6231, down 0.03% 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 up against the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8833 and GBP/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Current Account In 5 Minutes….

Posted: 20 May 2011 12:55 AM PDT

Bank Of Japan Holds Overnight Interest Rate At 0-0.10%

Posted: 20 May 2011 12:48 AM PDT

The Bank of Japan maintained its uncollateralized overnight call rate at a range of 0 to 0.1% by a unanimous vote.  The Bank’s assessment of the Japanese economy was pessimistic: “Japan’s economy faces strong downward pressure, mainly on the production side, due to the effects of the earthquake disaster.”  but also noted the economy “is expected to return to a moderate recovery path from the second half of fiscal 2011 as supply-side constraints ease and production regains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Partly Falling With A Chance Of Pain

Posted: 20 May 2011 12:35 AM PDT

It's usually constructive to go over the landscape of the market and get a feel for where things are at.  Since the end of April we've seen the market undergo a definitive change of character.  Instead of seeing most of the market in one big rally mode that we've become used to since September 2010, we're seeing corrections, non-confirmations, and trend changes across different parts of the market.
1.  U.S. Dollar has gone from a falling market to a rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Close Lower; Nikkei Down 0.14%

Posted: 20 May 2011 12:00 AM PDT

Forex Pros – Asian stocks were down after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index fell 0.14%, Australia&rsquo;s S&P/ASX 200 index shed 0.44%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.02% down.<br/><br/> Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.05%, S&P 500 futures pointed to a decrease of 0.07% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: CRA International (CRAI)

Posted: 19 May 2011 11:06 PM PDT

CRA International’s (NASDAQ:CRAI) first quarter 2011 earnings beat the Zacks Consensus Estimate, primarily owing to an uptick in utilization rate backed by successful restructuring actions. The company also continues to enhance its margin through its cost-saving initiatives.
In spite of clients’ cautious aggregate spending, business conditions have started to improve with a healthy new business lead flow, an improved conversion rate, and an active pipeline of both litigation and management … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: International Flavors & Fragrances Inc.

Posted: 19 May 2011 11:06 PM PDT

Estimates continue to rise for International Flavors & Fragrances Inc. (NYSE:IFF) after the company posted strong Q1 results on May 10. It is a Zacks #2 Rank (Buy) stock.
Revenue and EPS both came in ahead of Zacks Consensus Estimates as IFF continues to benefit from the growing middle class in emerging markets.
Management is confident that it can hit its targets of 4-6% sales growth and double-digit earnings growth in 2011. Based on consensus estimates, analysts expect 16% EPS growth in 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Regis Corporation (RGS)

Posted: 19 May 2011 11:06 PM PDT

Regis Corp.’s (NYSE:RGS) third quarter 2011 earnings missed the Zacks Consensus Estimate due to sluggish same-store sales and lower margin. The economic downturn has severely impacted the company’s earnings in the last few quarters, and Regis now expects same-store sales to be in the range of -1% to +1% for 2012, reflecting persistent economic challenges.
Slower traffic due to economic concerns remains a drag on same-store sales. Moreover, Regis outlook remains below consensus, as consumer-visit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Herbalife Ltd

Posted: 19 May 2011 11:06 PM PDT

Herbalife Ltd (NYSE:HLF) continues to trade like a rock star, recently hitting a new all-time high after reporting another great quarter. With four consecutive earnings surprises and bullish growth projection, this Zacks #2 rank stock is a fast-track momentum player.
Company Description
Herbalife Ltd sells nutritional supplements, vitamins and other various healthcare products worldwide. The company was founded in 1980 and has a market cap of $6.3 billion.
Although HLF has been trading strong for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Vitamin Shoppe, Inc

Posted: 19 May 2011 11:06 PM PDT

Vitamin Shoppe, Inc. (VSI) continues to improve since its November feature as a Zacks Rank Buy.
The company has topped estimates in all but 1 quarter since its 2009 IPO. Thanks to the most recent surprise, analysts are raising estimates which gave VSI a Zacks #1 Rank (Strong Buy).
Company Description
Vitamin Shoppe is a retailer of nutritional products like vitamins, minerals, supplements, homeopathic remedies and other similar items. The company owns more than 500 stores and also sells … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 19 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 1.4327, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4337, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.12% to hit 0.8825 and EUR/JPY rising 0.32% 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: 19 May 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6235, down 0.01% 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 up against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8820 and GBP/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 19 May 2011 10:00 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2632, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.2506, Tuesday&rsquo;s low, and resistance at 1.2642, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.4316 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 19 May 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8826, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 0.8766, Thursday&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 up against the Japanese Yen, with EUR/USD gaining 0.02% to hit 1.4313 and USD/JPY rising 0.07% 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: 19 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 0.8819, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.8682, Tuesday&rsquo;s low, and resistance at 0.8845, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.01% to hit 1.4311 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Is Looking To Test The 1.2710 Resistance Pivot

Posted: 19 May 2011 09:13 PM PDT

EUR/CHF

Short-Term to Medium Term
- The EUR/CHF is in a short-term rally from the 1.2510 May low. After establishing a bottom by breaking above 1.26, the market is heading towards 1.2710 to test the resistance pivot there.
- As long as the market stays above 1.2580, it shows strength and respect of a bottom.
- Looking at the 4H chart a break above the 1.27 level targets the 1.2750-1.2780 resistance zone.
- 1.2780 is a resistance cluster seen in the 4H chart.
- A break above 1.28 should start … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 19 May 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 81.70, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 80.68, Monday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.01% to hit 1.4312 and GBP/USD falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Just How Close To A Train Track Can You Set Up A Vegetable Market? Pretty Damn Close!

Posted: 19 May 2011 08:39 PM PDT

4 Of Our Top 5 Imports Have Fallen In Price

Posted: 19 May 2011 08:21 PM PDT

The chart above shows the top five imports and exports at the Port of Los Angeles for 2010, based on the number of loaded containers.  This Business Insider story points out that the top five U.S. exports are raw materials, while the top five imports are finished goods. 

Something else about the top five imports that might be interesting is to compare the changes in the price indexes for those items over the last ten years (April 2001 to April 2010) to the overall change in the CPI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 19 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 0.9669, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, Thursday&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 up against the British Pound, with EUR/USD gaining 0.03% to hit 1.4314 and GBP/USD falling 0.03% 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: 19 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 1.0670, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.0506, Tuesday&rsquo;s low, and resistance at 1.0681, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.01% to hit 1.3415 and AUD/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 19 May 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4304, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4337, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8817 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down During Asian Trade

Posted: 19 May 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Friday.<br/><br/> EUR/JPY was trading at 116.77, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 113.51, Monday&rsquo;s low, and resistance at 117.24, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.06% to hit 1.4302 and EUR/GBP rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Why We Need To Rein In Government Contractors That Use Taxpayer Money For Political Advantage

Posted: 19 May 2011 05:52 PM PDT

President Obama is mulling an executive order to force big government contractors to disclose details of their political spending. Big businesses are already telling their political patrons in Congress to oppose it – and the pressure is building.
The President should issue the executive order immediately. And he should go even further – banning all political activity by companies receiving more than half their revenues from the U.S. government.
Lockheed Martin, the nation's largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Not Hard To Figure Out

Posted: 19 May 2011 05:48 PM PDT

Sometimes it’s not so hard predicting the future.
If, for example, you have reports like this –
“Fed’s Fisher Says US Economy Has Too Much Liquidity” (CNBC)
The U.S. economy has moved from having too little liquidity to having more than enough, a top Federal Reserve policymaker said on Thursday.
 
“We’ve gone from too little liquidity to too much,” said Richard Fisher, president of the Federal Reserve Bank of Dallas.
A steep retreat in oil prices suggests this liquidity and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 19 May 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 132.48, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 130.52, Monday&rsquo;s low, and resistance at 133.19, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.12% to hit 1.6216 and EUR/GBP rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:21 PM PDT

By ForexMansion.com

 
The USD/JPY pair rose on Thursday, but only to form a shooting star. The pair is still in its recent channel, and the market looks like the top of it is still resistive and strong. Of course, there is no way to know if the bottom will hold, but we still think overall this should only be bought because of potential central bank intervention in the pair. Look to buy on pullbacks.

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


USD/CHF Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:19 PM PDT

By ForexMansion.com

 
The USD/CHF rose during Thursday trading but quickly fell in the latter hours of trading as the trend asserted its role. The market showed that any move north will be difficult to sustain, and should give the sellers some more confidence as this latest failure to raise the exchange rate simply confirms what they already believe. We are sellers of rallies, and look to 0.88 as a key level to show the direction for the future. A break below could be another round of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:18 PM PDT

By ForexMansion.com

 
The USD/CAD formed a bullish hammer on Thursday once it broke through the all-important 0.97 level. This was originally a great sell signal as it showed a continuation of the trend – the finish will have bears somewhat nervous. The candle shows strength and support, but if it gets broken to the down side, there is going to be even more sellers stepping in. A break higher from the candle will have the market reaching for 0.98, 0.99, and parity.

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


NZD/USD Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:15 PM PDT

By ForexMansion.com

 
The NZD/USD pair formed a perfect doji toward the end of trading on Thursday, showing how much consolidation is likely in this pair for the foreseeable future. A short-term cooling off is certainly warranted as the move up was so strong. The 0.78 should form a floor, and the 0.80 will probably be a ceiling for the near-term.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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GBP/USD Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:14 PM PDT

By ForexMansion.com

 
The GBP/USD pair rose on Thursday after falling a fair amount over the last several days. The pair is currently trying to find support, and should be able to stay above the 1.60 level if it wants to be considered to still be in an uptrend. If not – all bets are off. Currently this pair is too choppy for our liking.

Originally posted here
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GBP/JPY Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:13 PM PDT

By ForexMansion.com

 
The GBP/JPY pair rose on Thursday, but not with any real conviction. The candle looks a bit like a shooting star, and could signal upcoming weakness. We don't sell the pair though, as the market is simply a buy only one – there are central banks waiting below and we find no real reason to challenge them. A pullback to 130 could be a buying opportunity.

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


GBP/CHF Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:12 PM PDT

By ForexMansion.com

 
The GBP/CHF pair rose on Thursday, defying the overall down trend. Of course this market looks sick – and as such shouldn't be bought. We still stand by the analysis that all rallies are to be sold, and there is nothing on this chart that changes our minds. A new low or nice rallies get us selling again.

Originally posted here
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EUR/USD Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:11 PM PDT

By ForexMansion.com

 
The EUR/USD fell, tested the 1.42 area, and then rose Thursday. The candle looks similar to a hammer, but is sitting higher. None the less, it means there is serious support at the 1.42 level. The 100 EMA is sitting just below, and could be supportive as well. For the time being, this pair looks like is wants to rise. It would take a break below 1.40 for us to get bearish.

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


EUR/JPY Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:07 PM PDT

By ForexMansion.com

 
The EUR/JPY pair rose on Thursday, but only to form a shooting star. This shows that there is some kind of range that is being carved out between the 115 and 117 areas. The market needs to break Thursday's highs to look bullish again – otherwise we expect consolidation between the two above mentioned areas.

Originally posted here
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EUR/GBP Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:06 PM PDT

By ForexMansion.com

 
The EUR/GBP formed a rather lackluster candle on Thursday, and is currently struggling with the all-important 0.88 level. The recent run up in pricing over the last few days seems to have made this market tired, and it looks like we may be in for quiet trading. A break above the top of the doji formed on Thursday could send prices up to 0.90, while a break below it could see us running to 0.87 as a target.

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


EUR/CHF Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:05 PM PDT

By ForexMansion.com

 
The EUR/CHF rose during trading on Thursday. The candle does show that we are finishing well off the highs, and this shows that although we had a positive day in trading, this pair is still extremely weak. The pair is still a sell on the rallies type of pair.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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www.ForexMansion.com is a part of the Finance Mansion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:04 PM PDT

By ForexMansion.com

 
The AUD/USD continued its climb on Thursday, showing that the market still wants to go higher after finding the 1.05 area so supportive. The pair is over the 1.06 handle, and any trepidation about going long should have been silenced by the last three days. We are buyers on dips, and not interested in selling under any circumstances. Also of note, there is a possible bull flag forming as well.

Originally posted here
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AUD/NZD Technical Analysis For May 20, 2011

Posted: 19 May 2011 04:03 PM PDT

By ForexMansion.com

 
The AUD/NZD continued to sit in the tight range it has been in for several weeks on Thursday. The pair looks lost, and completely directionless. The AUD/NZD is notorious for chopping around at times, and it looks like we are entering that kind of market now. Of course, anything can happen, but this market looks very quiet.

Originally posted here
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Hurst Cycles Confirm Felix Zuluaf Bearish Outlook – UPDATE

Posted: 19 May 2011 08:48 AM PDT

This time Flex Zuluaf does not hold back, Europe falling into recession as Germany exports fail, mainly due to the PIGS of Europe demand collapse. If you ever wanted a US dollar bullish story, look no further.

Video from the FT.com Long View report 20110519: Flex Zuluaf Storm Clouds over markets
Note: I dont know how to embed videos from FT.com

Summary
-Markets will be rocky for the next few months.
-Emerging Economies are slowing, fighting inflation.
-Euro looking dangerous on the road to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Daily Fundamental Analysis For May 20, 2011

Posted: 19 May 2011 08:46 AM PDT

By ForexMansion.com
The USD/CAD pair slightly rose on Thursday amid falling commodity prices, which weighed down on the Canadian dollar and pushed the USD/CAD pair to rise, as a huge wave of pessimism dominated the U.S. session after the worse than expected economic data from the United States, noting that the pair had dropped earlier on Thursday after strong data from the U.S. labor market, which boosted confidence, but that soon diminished after data from the housing and manufacturing sectors … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex News – Pessimism Overshadows U.S. Session After Worse Than Expected Data.

Posted: 19 May 2011 04:09 AM PDT

By ForexMansion.com
Pessimism dominated U.S. markets once more after a set of economic data signaled the economy was slowing, where the U.S. session started brightly after jobless claims dropped below expectations, nevertheless, the confidence was soon overshadowed after data from the housing and manufacturing sector signaled slowing activities.
Jobless claims dropped last week to 409,000 from 438,000, where investors were optimistic over the outlook for the labor market, nonetheless, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Daily Fundamental Analysis For May 20, 2011

Posted: 19 May 2011 03:33 AM PDT

By ForexMansion.com
 
With no fundamentals from the UK and US, the pair may witness calm movements on Friday trading. Fears regarding the outlook of the British economy are pushing the pair to the downside for the third consecutive week, where the sterling took temporary boosts from the rise in annual CPI to 4.5% which revived speculations the BoE will raise interest rate and advance in retail sales which was provoked by holidays and the royal wedding.
BoE minutes for May’s rate decision … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Daily Fundamental Analysis For May 20, 2011

Posted: 19 May 2011 03:32 AM PDT

By ForexMansion.com
 
The week ends with the release of no data from both economies which suggest that the pair will follow the general sentiment in market.
On Thursday, initial jobless claims retreated to 409,000 in the week ending May 14 compared with the revised 438,000 a week before, yet housing data continued to become downbeat as following the drop in housing starts and building permits released earlier this week, existing home sales dropped 0.8% in April, relative to the prior 3.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Daily Fundamental Analysis For May 20, 2011

Posted: 19 May 2011 03:23 AM PDT

By ForexMansion.com
On Thursday the mixed sentiment and heavy fluctuation marked the market and the EUR/USD. The lack of data from the euro area kept the speculation ongoing with the focus on the dollar and the U.S. data.
The euro area did not provide any major data this week, which kept investors focused on debt-laden nations amid a high state of caution. The euro was supported with the improved sentiment and rising equities on good earnings, which eased the downside pressure on the euro … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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