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

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• Forex – USD/JPY Up In European Trade
• Forex – EUR/USD Down In European Trading Hours
• Forex – GBP/USD Down During The European Session
• Forex Trading: Euro Falls As It Is Reported That Greece Denies Reports Of A New Aid Package.
• USD/JPY Technical Analysis For May 10, 2011
• USD/CHF Technical Analysis For May 10, 2011
• USD/CAD Technical Analysis For May 10, 2011
• NZD/USD Technical Analysis For May 10, 2011
• GBP/USD Technical Analysis For May 10, 2011
• GBP/JPY Technical Analysis For May 10, 2011
• GBP/CHF Technical Analysis For May 10, 2011
• EUR/USD Technical Analysis For May 10, 2011
• EUR/JPY Technical Analysis For May 10, 2011
• EUR/GBP Technical Analysis May 10, 2011
• EUR/CHF Technical Analysis May 10, 2011
• AUD/USD Technical Analysis May 10, 2011
• AUD/NZD Technical Analysis May 10, 2011
• Forex – USD/CHF Up On Economic Data
• Swiss Consumer Price Inflation Rises Less-than-expected
• Euro To Bounce Back Against The Greenback?
• Asian Markets Mixed At Close; Nikkei Up 0.25%
• Forex Trading: AUD/$ Testing Hourly Trendline Support
• Bear Of The Day: Regis Corporation (RGS)
• Bull Of The Day: Illinois Tool Works (ITW)
• Growth & Income Stock: U.S. Physical Therapy, Inc.
• Momentum Stock: NewMarket Corp.
• Aggressive Growth Stock: Thoratec Corp.
• Forex Trading: Euro Rebounding Slightly
• Forex – EUR/USD Down During The Asian Session
• Forex Trading: Euro Continues Declines On Comments From ECB’s Bini Smaghi That The Restructuring Of Greek Debt Could Further Damange The Banking System.
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Russian Roulette Anyone?
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Singapore Stock Market Update For Tuesday 10 May
• EUR/USD Signals Bearish Continuation Ahead Of The European Session
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Down On Economic Data
• Forex – EUR/USD Down During The Asian Session
• Australia’s Trade Balance Rises More-than-expected
• Forex – EUR/JPY Down During Asian Trade
• Forex – GBP/JPY Down During The Asian Session
• AUD/USD Daily Fundamental Analysis For May 11, 2011
• USD/JPY Daily Fundamental Analysis For May 11, 2011
• AUD/NZD Daily Fundamental Analysis For May 11, 2011
• Forex News – Greece Under The Spotlight
• NZD/USD Daily Fundamental Analysis For May 11, 2011
• Stock Market Summary For Monday, May 9, 2011
• The Battle For The Soul Of The GOP
• USD/CAD Daily Fundamental Analysis For May 10, 2011
• Gold Cycle Update
• Forex News – The European Debt Crisis Overshadows Rising Commodity Prices

Forex – USD/JPY Up In European Trade Posted: 10 May 2011 02:30 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.73, up 0.45% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 80.93, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.4364 and GBP/USD falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In European Trading Hours Posted: 10 May 2011 01:55 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4361, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8773 and EUR/JPY rising 0.40% 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: 10 May 2011 01:10 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6374, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6271, Monday&rsquo;s low, and resistance at 1.6544, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8756 and GBP/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Falls As It Is Reported That Greece Denies Reports Of A New Aid Package. Posted: 10 May 2011 01:04 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:47 AM PDT By ForexMansion.com   The USD/JPY fell again today, and is hanging around the 80 level still. A break of the 80 level will certain get the attention of the central banks, and if we break lower – we are not willing to short because of it. The long trade could be setting up, but the market seems to be weak. Perhaps we need to see intervention in order to get USD buyers back in the market. We buy strength, and we ignore weakness at these levels. Originally posted here Read more about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:46 AM PDT By ForexMansion.com   The USD/CHF fell today and looks to continue the trend downward it appears. The recent bullish action was simply a bounce that gave sellers better entry points as this pair is seriously flawed at this point. In fact, it's so in favor of the Swiss franc, that the SNB gave up trying to fight it! This pair is a sell on the rallies pair, and should be so for the foreseeable future. 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/CAD Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:45 AM PDT By ForexMansion.com   The USD/CAD fell today, ending with a shooting star shaped candle. The location is roughly where you want to see it for a short, since it is currently just under the all-important 0.97 level. The recent highs around the 0.9725 area could be a good place to set stops on any selling you do. Buying still isn't recommended at this time since the overall trend is certainly still down, and very strong. Originally posted here Read more about forex technical analysis, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:44 AM PDT By ForexMansion.com   The NZD/USD rose today and is showing bullish strength again. However, we simply haven't pulled back enough in order to get us wanting to buy at these levels. The market looks like it wants to consolidate between 0.80 and .078 levels. The area should provide a lot of scalping opportunities, but not much more. The pair should be a short-term trader's delight. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:43 AM PDT By ForexMansion.com   The GBP/USD fell today, but only to form a nice bullish hammer at the all-important 1.64 level. This looks very bullish at these levels, and we should see a move up if we can break higher from this area if we go higher than today's highs. The area below is simply too choppy to break through to the downside as there is nothing but messy bullishness below there. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:41 AM PDT By ForexMansion.com   The GBP/JPY fell today, but continues to hold at the 130 area. The area has been a point of interest several times in the past, but isn't necessarily a major support area. The market needs to test this area and show us strength before we get buying this pair again. The central banks that are sitting below should be extremely supportive – when they get involved. If we go lower – that could just happen. Originally posted here Read more about forex technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:40 AM PDT By ForexMansion.com   The GBP/CHF fell today, and looks like it wants to continue its downtrend. The market looks weak, and selling on any rallies has been the way to go for a few years now. Look to sell new lows, or for that matter – now. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com About ForexMansion.com: www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:39 AM PDT By ForexMansion.com   The EUR/USD fell today, but ended the day forming a hammer at the 1.4350 area. This shows underlying strength in this currency and that the USD may begin to fall again. The European issues in Greece are starting to take center stage again, and we still see this signal. Strong, very strong indeed. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For May 10, 2011 Posted: 10 May 2011 12:38 AM PDT By ForexMansion.com   The EUR/JPY fell today, but is still over the all-important 115 level. This level simply must hold for the bulls to be involved still, and should prove pivotal. Of course, there are central banks sitting below, and they are more than willing to buy this pair as shown a few weeks back. Look to buy on signs of strength. If the 115 level gives way – the bank will get involved, which keeps us from shorting. Originally posted here Read more about forex technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis May 10, 2011 Posted: 10 May 2011 12:38 AM PDT By ForexMansion.com   The EUR/GBP fell today, currently sitting around the 0.8750 level. The area is support, and is important for the future direction of this pair. The market looks weak though, and could be ready for another fall. Since a good trader reacts and doesn't predict – we need to see how this pair reacts in the next 24 hours to have any conviction one way or another. For now, sit on your hands in our opinion is the way to go. Originally posted here Read more about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis May 10, 2011 Posted: 10 May 2011 12:37 AM PDT By ForexMansion.com   The EUR/CHF still looks weak, as it fell hard today. The pair seems intent on testing the 1.23 level, which has served as all-time lows for a couple attempts at a breakdown. The pair shouldn't be bought, although there will certainly be people willing to step in at the lows. But history shows us that this is a great way to lose money. Follow the trend – sell the rallies, or a new low. Originally posted here Read more about forex technical analysis, forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis May 10, 2011 Posted: 10 May 2011 12:36 AM PDT By ForexMansion.com   The AUD/USD rose today, closing at the highs. This is always a bullish sign, and it appears that we are going to head back up towards the highs soon at this rate. The pair seems to have found a floor at 1.05, and the area should be treated as such. The market is a definite "buy on the pullbacks" market. Originally posted here Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical Analysis May 10, 2011 Posted: 10 May 2011 12:35 AM PDT By ForexMansion.com   The AUD/NZD still seems to be lost, and doesn't have much strength in one direction or another. Both of the pairs have been strong as of late, and this chart shows that the markets simply can't pick a favorite at the moment. For the time being, the range is so tight that even the scalpers will find trouble trading this market. Leave this pair alone for a while, at least until it makes a strong move in one direction or another. Originally posted here Read more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up On Economic Data Posted: 10 May 2011 12:35 AM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday after the release of Swiss data on CPI.<br/><br/> USD/CHF was trading at 0.8786, up 0.79% at time of writing.<br/><br/> The pair was likely to find support at 0.8558, Thursday&rsquo;s low, and resistance at 0.8805, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Consumer price inflation in Switzerland rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Consumer Price Inflation Rises Less-than-expected Posted: 10 May 2011 12:25 AM PDT Forex Pros – Consumer price inflation in Switzerland rose less-than-expected last month, official data showed on Tuesday.<br/><br/>In a report, Swiss Federal Statistical Office said that Swiss consumer price inflation rose to a seasonally adjusted 0.1%, from 0.6% in the preceding month.<br/><br/>Analysts had expected Swiss consumer price inflation to rise 0.5% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro To Bounce Back Against The Greenback? Posted: 10 May 2011 12:05 AM PDT The euro got hammered by the us dollar during the last 4 days when it slipped sharply from 1.4940 last May 4 to a low of 1.4254 yesterday. However, it appears that the euro bulls will be looking to rebound from its recent losses shortly. The EURUSD's current price set-up is one of my favorites to execute. Like I said, the fiber fell to 1.4254 a couple of days after reaching a high of 1.4940 ( a slide of almost 900 pips!). However, if you look at its daily chart, the euro's sell-off looks to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Mixed At Close; Nikkei Up 0.25% Posted: 10 May 2011 12:00 AM PDT Forex Pros – Asian stocks were mixed after the closing bell on Tuesday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index rose 0.25%, Australia&rsquo;s S&P/ASX 200 index shed 0.65%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.76% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.15%, S&P 500 futures pointed to a decrease of 0.10% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUD/$ Testing Hourly Trendline Support Posted: 09 May 2011 11:56 PM PDT The pair began the new trading day on recent highs, but has found itself trading lower as the session continues. You can see it tested the 100 hour moving average @ 1.07339, but could not close through the bullish trendline. We have additional support in this area added by the 23.6% fibo line at 1.07451. It seems there is some upward momentum; 1.07784 is the first key level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Regis Corporation (RGS) Posted: 09 May 2011 11:02 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

Bull Of The Day: Illinois Tool Works (ITW) Posted: 09 May 2011 11:02 PM PDT Illinois Tool Works’ (NYSE:ITW) first quarter results were impressive as EPS surpassed the Zacks Consensus of $0.84 by 7 cents and increased 30% year over year, driven primarily by a healthy product demand. Benefits may also be derived both from strengthening auto markets in North America and Europe and construction and welding businesses. Management’s earnings outlook for the year is also encouraging as end-market demand continues to improve and opportunities from market penetration remains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: U.S. Physical Therapy, Inc. Posted: 09 May 2011 11:02 PM PDT U.S. Physical Therapy, Inc. (NASDAQ:USPH) recently delivered another strong quarter on better than expected revenue. The company reported first quarter earnings per share of 31 cents, crushing the Zacks Consensus Estimate by 15%. It was the company’s fifth consecutive positive earnings surprise. Analysts have been raising their estimates since the latest earnings beat, sending the stock to a Zacks #2 Rank (Buy). The company, which operates outpatient physical therapy clinics throughout the United … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: NewMarket Corp. Posted: 09 May 2011 11:02 PM PDT NewMarket Corp. (NYSE:NEU) recently jumped to a new all-time high after reporting excellent Q1 results that came in ahead of expectations. With three consecutive earnings surprises and rising estimates, this Zacks #1 rank stock is a momentum player. Company Description NewMarket Corp., through its subsidiaries, operates in the petroleum additives business. The company was founded in 1887 and has a market cap of $2.5 billion. With earnings season in full swing, we got an update on NewMarkets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Thoratec Corp. Posted: 09 May 2011 11:02 PM PDT Thoratec (NASDAQ:THOR) analysts keep raising their estimates, with the latest move coming on an earnings surprise. The company has an excellent earnings track record and could further benefit from a competitor’s setback. The growth rates for this Zacks #1 Rank (Strong Buy) are looking good and getting better. Company Description Thoratec Corp. provides cardiac support devices for use by patients with acute or chronic heart failure. Some of the products will pump blood through the heart for prolonged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Rebounding Slightly Posted: 09 May 2011 10:58 PM PDT After testing support around the 1.4330 area, the EUR/USD (as well as the crosses) saw a sell-off following negative ECB member comments in regards to Greece. The EUR/USD found a session low of 1.42723, but has rebounded slightly. Looking at a 15 minutes chart, the pair sold through the 38.2%, and 23.6% lines on the move from yesterday's high to low. A poor French production number (due out in less than an hour) could see the pair continue lower; we would look to 1.42537 as our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 09 May 2011 10:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4284, down 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.35% to hit 0.8726 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Continues Declines On Comments From ECB’s Bini Smaghi That The Restructuring Of Greek Debt Could Further Damange The Banking System. Posted: 09 May 2011 10:33 PM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 09 May 2011 10:25 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6382, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6271, Monday&rsquo;s low, and resistance at 1.6544, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8729 and GBP/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours Posted: 09 May 2011 09:55 PM PDT Forex Pros – The Euro was lower against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.2522, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.2485, Monday&rsquo;s low, and resistance at 1.2795, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.26% to hit 1.4327 and EUR/JPY falling 0.24% 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: 09 May 2011 09:25 PM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8741, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.8558, Thursday&rsquo;s low, and resistance at 0.8796, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.22% to hit 1.4333 and USD/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Russian Roulette Anyone? Posted: 09 May 2011 09:17 PM PDT by Raghu Gullapalli -  SmartStops.net contributor SLW, SLV After an extremely volatile week, what can we expect in Silver from the week to come? If you've read some of the same reports in the blogosphere I have, you may want to try your chances at Russian Roulette; your odds of success are higher. There are a couple of metaphors I especially enjoyed: "Dead Cat Bounce" "Gap and Crap" "Silver takes the stairs up and the elevator down" At the end of its move up, Silver was on a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session Posted: 09 May 2011 09:00 PM PDT Forex Pros – The Euro was lower against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8742, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 0.8735, today&rsquo;s low, and resistance at 0.9042, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.22% to hit 1.4333 and EUR/JPY falling 0.17% 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: 09 May 2011 08:35 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.31, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 80.93, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.22% to hit 1.4333 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Tuesday 10 May Posted: 09 May 2011 08:24 PM PDT Market starts off positive, holding onto positive side. China’s April trade surplus leaps to $11.4 billion. Australian budget expected to be austere. Short term trading HK Land enter 7.54 SL 7.26 Mid term positions Straits Asia enter 2.95 SL 2.43 Consolidation kicking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Signals Bearish Continuation Ahead Of The European Session Posted: 09 May 2011 08:22 PM PDT EUR/USD is Resuming the Bearish Trend Ahead of the NY Session (5/9) EUR/USD Short-Term- The EUR/USD declined in the US session but found support above 1.4250 and corrected towards 1.4375 by the start of the Asian session. - As shown in the 1H chart, this rally retraced 61.8% of the decline before the Asian market rejected the bull run. - As we gear up for the European session, we see that the momentum is still bearish (RSI remaining below 50). Furthermore, there is a negative reversal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 09 May 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9643, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.9569, Thursday&rsquo;s low, and resistance at 0.9713, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.22% to hit 1.4334 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down On Economic Data Posted: 09 May 2011 07:10 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on Trade Balance.<br/><br/> AUD/USD was trading at 1.0783, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.0538, Thursday&rsquo;s low, and resistance at 1.0812, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australia&rsquo;s trade balance rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 09 May 2011 07:05 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4336, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8738 and EUR/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australia’s Trade Balance Rises More-than-expected Posted: 09 May 2011 06:55 PM PDT Forex Pros – Australia&rsquo;s trade balance rose more-than-expected last month, official data showed on Tuesday.<br/><br/>In a report, Australian Bureau of Statistics said that Australia&rsquo;s trade balance rose to a seasonally adjusted 1.74B, from -0.21B in the preceding month.<br/><br/>Analysts had expected Australia&rsquo;s trade balance to rise 0.53B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 09 May 2011 06:35 PM PDT Forex Pros – The Euro was lower against the Japanese Yen on Tuesday.<br/><br/> EUR/JPY was trading at 115.20, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 114.97, today&rsquo;s low, and resistance at 119.79, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.10% to hit 1.4350 and EUR/GBP falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down During The Asian Session Posted: 09 May 2011 05:45 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 131.64, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 130.92, Thursday&rsquo;s low, and resistance at 133.21, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.06% to hit 1.6396 and EUR/GBP falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For May 11, 2011 Posted: 09 May 2011 05:00 PM PDT By ForexMansion.com The Australian dollar strengthened versus major currencies, especially against the U.S. dollar, after Australia recorded a trade surplus of A$1740 million during the month of March, from a previous deficit of A$205 million, more than analysts’ expectations. Australian economy is gathering momentum, where exports accelerated 9.00% in March, led by a gain in iron ore shipments. As for the financial situation in Australia, the nation recorded its biggest annual job gain on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For May 11, 2011 Posted: 09 May 2011 05:00 PM PDT By ForexMansion.com The USD/JPY pair advanced slightly after the American dollar continued its upside movement against the euro and other major currencies. The Japanese yen is witnessing a correctional movement versus the dollar after last week’s surge, where the yen reached its highest level in 7 weeks against greenback. Risk aversion sent U.S. bonds higher, while the yen is volatile on fears of a possible intervention from the BOJ in the FOREX market if the Japanese currency continues its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For May 11, 2011 Posted: 09 May 2011 05:00 PM PDT By ForexMansion.com The AUD/NZD moved higher and returned to trade again within a tight range, as AUD and NZD are trading in consolidation area against the greenback. The pair’s movements tend to the upside, depending on the strong outlook for the Australian economy compared to New Zealand. Australian economy is gathering momentum after a government’s cheerful report, where Australian exports accelerated 9.00% in March, led by a gain in iron ore shipments. The New Zealand currency fell against … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Greece Under The Spotlight Posted: 09 May 2011 05:00 PM PDT By ForexMansion.com   Greece’s credit troubles continue to weigh on investors after S&P yesterday cut the nation's credit rating for the fourth time since April last year, and said that further restructuring is possible. The euro dropped this morning as Greece is scheduled to sell 1.25 billion euros ($1.79 billion) of bills today. The restructuring fears are causing panic among the market participants, who sought safe heaven. Asian stocks managed to end with gains this morning, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For May 11, 2011 Posted: 09 May 2011 05:00 PM PDT By ForexMansion.com The New Zealand currency fell against the majors as the New Zealand’s budget deficit was wider than forecasts in the nine months through March after the strongest earthquake in 80 years prevented some New Zealand companies from paying taxes. On the other hand, the New Zealand dollar inclined versus the U.S. dollar after the Chinese economy reported a strong trade balance surplus in April, as the Chinese market is the largest importer of New Zealand products. Moreover, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Monday, May 9, 2011 Posted: 09 May 2011 04:40 PM PDT The stock market rose today with the major indexes gaining between 0.4% and 0.6% and was able to shrug off some bad economic news on both the U.S. and international front. Trading activity was calm and didn’t indicate investors were buying shares strongly. Market breadth was mostly on the positive side. We are raising both the support/resistance levels on the S&P 500 and Nasdaq Composite (see below). We are keeping the support/resistance levels the same for the DJIA (see below). Once again … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Battle For The Soul Of The GOP Posted: 09 May 2011 04:15 PM PDT The real battle for the soul of the GOP started today with a speech on Wall Street by Speaker of the House John Boehner. Wall Street and big business fear Tea Partiers won't allow House Republicans to raise the debt ceiling without major spending cuts – and without tax increases on the wealthy. Wall Street and big business know this would be unacceptable to the White House and congressional Democrats. The Street and big business want to tame the budget deficit but they don't … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For May 10, 2011 Posted: 09 May 2011 02:35 PM PDT By ForexMansion.com   The USD/CAD pair was slightly higher on Monday after the S&P lowered the credit rating for Greece, which pushed investors away from risky assets, overshadowing rising commodity prices, which pushed the pair to the downside earlier today. Moreover, Canada released the housing starts index for the month of April, where housing starts fell to 179.0K, compared with the prior revised estimate of 184.7K and below median estimates of 184.0K, which further weighed down on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Cycle Update Posted: 09 May 2011 01:42 PM PDT Gold ETF (GLD) cycle update. What would your forecast be for the next few months? Judge for yourself. We are watching the strength in the current US Dollar bounce. Anyways here is the gold cycle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – The European Debt Crisis Overshadows Rising Commodity Prices Posted: 09 May 2011 11:05 AM PDT By ForexMansion.com   Mixed sentiments dominated global financial markets on Monday, where rising commodity prices helped in restoring confidence, nevertheless, fears from the European debt crisis overshadowed investors' confidence, where news emerged that European officials are ready to review Greece's bailout terms, which spread fears over the outlook of the region, especially after the S&P downgraded Greece's rating to B from BB-. Stocks in the United States fluctuated between … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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