Friday, May 13, 2011

DailyMarkets.com - Xerox Acquires Another Distributor

DailyMarkets.com - Xerox Acquires Another Distributor

Xerox Acquires Another Distributor

Posted: 13 May 2011 07:42 AM PDT

Xerox Corp. (NYSE:XRX) announced that its wholly owned subsidiary, Global Imaging Systems (GIS) has acquired Iowa-based Midwest Business Solutions, Inc., for an undisclosed price, in order to strengthen its dealer and distribution network in the domestic market.
Based in Des Moines and Ft. Madison, Iowa, Midwest Business Solutions is an independent distributor of copiers, printers and multifunction systems. Following the acquisition, the company will start offering Xerox's comprehensive line of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DryShips Falls Short Of Estimates

Posted: 13 May 2011 07:32 AM PDT

DryShips Inc.(NASDAQ:DRYS) declared its first quarter 2011 financial results after the market closed yesterday. Quarterly results failed to beat the Zacks Consensus Estimate. In the after-market trade on NASDAQ, shares of DryShips plunged 8 cents (1.71%) to $4.60.
Quarterly GAAP net income was $25.8 million or 7 cents per share compared with a net income of $13.3 million or 4 cents per share in the prior-year quarter, while adjusted earnings per share (EPS) in the first quarter of 2011 were 15 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: Caution

Posted: 13 May 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Maintains Bearish Momentum After An ABC Correction

Posted: 13 May 2011 07:12 AM PDT

Gold's Weakness Contained in Rising Channel While Silver Slid Lower (5/12)
Silver (XAG/USD)

Short-Term to Medium Term- Silver slid to 32.25 yesterday before a rally back to the 36.50 pivot.
- The 1H chart shows that the previous decline can be labeled as a bearish impulse wave with an extended 1st.
- The rally can be labeled an abc corrective wave.
- The market is maintaining the bearish momentum as the 1H RSI reading remains still below 60. It should be noted that if the RSI rises above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. UoM Consumer Sentiment Rises More-than-expected

Posted: 13 May 2011 07:10 AM PDT

Forex Pros – U.S. UoM consumer sentiment rose more-than-expected last month, preliminary data showed on Friday.<br/><br/>In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 72.4, from 69.8 in the preceding month.<br/><br/>Analysts had expected UoM consumer sentiment to rise to 70.0 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: California Pizza

Posted: 13 May 2011 07:07 AM PDT

California Pizza Kitchen Inc (NASDAQ:CPKI), a leading casual dining restaurant chain, reported first quarter 2011 results on May 5, 2011. Earnings per share (EPS) in the reported quarter surpassed the Zacks Consensus Estimate.
The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term are covered in depth below.
Earnings Review
California Pizza Kitchen posted first quarter 2011 earnings of 9 cents per share, which were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Matt Taibbi Presents ‘The People Vs Goldman Sachs’

Posted: 13 May 2011 06:58 AM PDT

(This is a long commentary but if you have any interest whatsoever in Wall Street, our markets, our economy, and our national character it is a MUST READ. Rolling Stones' Matt Taibbi lays out in voluminous detail why I have aggressively questioned the validity of a self-regulatory model for Wall Street and whether under that construct Wall Street violated the Racketeering Act. Read it and weep. Then for our national interest, please share this with your friends and colleagues. I thank the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SINA Misses On Higher Expenses

Posted: 13 May 2011 06:57 AM PDT

SINA Corp. (SINA) reported first quarter 2011 earnings of 21 cents per share, which missed the Zacks Consensus Estimate by 2 cents. Earnings exclude one-time items but include stock-based compensation charges.
Earnings per share decreased 25.0% year over year, due to increased marketing and engineering expenses related to Weibo and video initiatives.
Operating Performance
Net income on a non-GAAP basis was $13.9 million compared with $18.2 million in the year-ago quarter.
Gross profit on a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Friday, May 13, 2011 Special Alert CSCO And CCJ

Posted: 13 May 2011 06:57 AM PDT

We are going to add additional positions in Cisco Systems (symbol: CSCO) and Cameco Corp. (symbol: CCJ) at the current intra-day prices of $26.40 and $16.89, respectively.  We now have two active positions in each … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The European Session

Posted: 13 May 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> NZD/USD was trading at 0.7890, down 0.82% at time of writing.<br/><br/> The pair was likely to find support at 0.7842, Thursday&rsquo;s low, and resistance at 0.7991, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alcoa Beats Carbon Reduction Target

Posted: 13 May 2011 06:32 AM PDT

Alcoa Inc. (NYSE:AA) has beaten its carbon reduction goal a decade early. According to the company's 2010 sustainability report, the company cut its greenhouse gas emissions to 22% below 2005 levels, exceeding a 2020 goal of a 20% reduction. Alcoa lowered its 2010 carbon intensity to 7% below 2009 levels, driven by the energy efficiency improvements, repositioning of operations to take advantage of hydroelectric power, and other changes.
According to the report, Alcoa was also the first company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Arctic Cat, Ball, Crown Cork & Seal Company, Clearwire, Dell, Diamond Foods, EMC, ENERGY TRANSFER PARTNERS, FX Energy, Intel, Nordstrom, NVIDIA, PSS World Medical

Posted: 13 May 2011 06:32 AM PDT

    NVIDIA (NASDAQ:NVDA) posted a Q1 EPS of $0.27, higher than the Zacks Consensus Estimate 0f $0.19 per share

    Nordstrom, Inc's. (NYSE:JWN) Q1 EPS came in at $0.65, lower than the Zacks Consensus Estimate of $0.67 per share

    Intel (NASDAQ:INTC) has decided to sell a maximum of 10 million shares of Clearwire (NASDAQ:CLWR) in public open market transactions.  Currently, 32.8% of Clearwire’s outstanding shares are owned by Intel

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

ABB Wins Power Cable Order

Posted: 13 May 2011 06:32 AM PDT

ABB Ltd. (NYSE:ABB) bagged an approximately $20 million order to provide subsea power cables for Statoil's Gudrun North Sea oil and gas field, located off the coast of Norway. The contract was awarded by the deepwater services arm of Ezra Holdings Limited, called EMAS AMC.
The project involves building a transmission system, which would transfer 20 megawatts (MW) of electrical power from Statoil's Sleipner fields to the Gudrun field. This will be done by 55 kilometers of 52 kilovolts (kV) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 13 May 2011 06:25 AM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2639, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.2485, Monday&rsquo;s low, and resistance at 1.2702, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.4244 and EUR/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

As Good As Gold?

Posted: 13 May 2011 06:19 AM PDT

Today’s Idea
Although Gold prices have fallen below the $1500 level, the longer-term trend still appears to favor the bull camp. Some traders looking to get long Gold futures may wish to explore buying August mini-Gold futures, which are currently trading at 1497.00 as of this writing. There is chart support at the May 5th low of 1464.10, below which would be an area to explore placing a protective sell-stop. The upside target would be a test of the previous high at 1577.70.
Fundamentals
Gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CLF Acquires Consolidated Thompson

Posted: 13 May 2011 06:02 AM PDT

Mining operator Cliffs Natural Resources Inc. (NYSE:CLF) completed its acquisition of Consolidated Thompson Iron Mines Ltd. for C$4.9 billion ($4.95 billion). Consolidated Thompson shareholders, who will get 17.25 Canadian dollars ($17.92) per share, approved the acquisition at a special meeting in February 2011. Cliffs financed the transaction (including net debt) through committed financing, including a $1.25 billion term loan, $750 million in bridge financing and available cash on hand.
In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA OKs Meridian C. Difficile Test

Posted: 13 May 2011 06:02 AM PDT

Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) has clinched the approval of U.S. Food and Drug Administration ("FDA") for its new C. difficile (Clostridium difficile) test dubbed Premier C. difficile GDH. The approval of this next-generation test broadens the Cincinnati-based company's portfolio of C. difficile tests and underscores its sustained commitment to bring out breakthrough products for the detection of C. difficile. Premier GDH has been marketed in Europe since October … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Inflation Debate

Posted: 13 May 2011 06:02 AM PDT

Inflation has reared its ugly head in a number of places around the world, such as China, India and even Europe. This is prompting monetary authorities to take corrective measures before pricing pressures reach threatening levels. But that is unlikely to happen here in the U.S. anytime soon, as today’s inline CPI report shows.

Only the other day China raised its reserve requirements for the 8th time in as many months after its April CPI came higher than expected. The European Central Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 13 May 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on CPI.<br/><br/> USD/CAD was trading at 0.9631, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday&rsquo;s low, and resistance at 0.9696, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Is Attempting To Break Above A Declining Wedge

Posted: 13 May 2011 05:54 AM PDT

GBP/JPY's Short-term Elliott Wave Count (5/11)
GBP/JPY

Short-Term to MEdium-Term- The GBP/JPY was testing the 131 support area. After breaking below, the market still found support above 130.60, and a rally is mounting.
- This rally in the US session is breaking above a declining wedge pattern with 5-wave structure.
- A conventional 50% retracement target near 132.35, and the 200SMA in the 1H chart.
- Note also in the 4H chart that the RSI remained below 60, so medium term momentum still … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Consumer Price Inflation Rises

Posted: 13 May 2011 05:45 AM PDT

Forex Pros – Consumer price inflation in the U.S. rose last month, official data showed on Friday.<br/><br/> In a report, the Bureau of Labor Statistics said that CPI rose to 0.4%, from 0.5% in the preceding month .<br/><br/> Analysts had expected CPI to rise 0.4% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro-zone GDP, US CPI Should Help Risk Sentiment In Today’s Trading

Posted: 13 May 2011 05:38 AM PDT

The key news from overnight was the strong performance in the Euro-zone economy, powered by a surge in Germany. While the news was by far better than expected, it only have the Euro a small reprieve in currency markets.
The stronger GDP data will give more validity to the ECB current rate hikes, and means that the timetable seen by analysts – 2 more rate hikes this year to bring the benchmark rate to 1.75%. While interest rate expectations have been a driving force for EUR gains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Federated Reiterated Neutral

Posted: 13 May 2011 05:32 AM PDT

We have reiterated our Neutral recommendation on Federated Investors Inc. (NYSE:FII) backed by the company's first-quarter 2011 earnings, which were in line with the Zacks Consensus Estimate.
Federated's first-quarter 2011 earnings came in at 43 cents per share, in line with the Zacks Consensus Estimate, but better than the year-ago quarter's earnings of 38 cents. However, this compares unfavorably with the earnings of 45 cents recorded in the prior quarter.
Results reflected a rise in fixed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cemig-Parati Acquires Redentor

Posted: 13 May 2011 05:27 AM PDT

Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG recently announced that its affiliate company, Parati S.A. (Participacoes em Ativos de Energia Eletrica) acquired significant interest in Redentor Energia S.A. (Redentor), from Fundo de Investimento em Participacoes PCP.
Parati acquired approximately 58.7 million shares, or 54.08% interest of Redentor for roughly R$403.4 million, or R$6.874712 per share. This will likely to follow a public offer by Parati to acquire the remaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Attempting To Resume Downtrend After An AB=CD Retracement

Posted: 13 May 2011 05:17 AM PDT

EUR/USD Maintains Bearish Momentum after 50% Retracement (5/12)
EUR/USD

Short-Term to Medium-Term- The EUR/USD did not confirm a bearish attempt in yesterday's Asian-European session. The 1.4230 pivot was to hold as resistance for the bearish outlook. Instead, the market rallied above the 50% retracement level at 1.4275, but found resistance near 1.4340 in the European session.
- As we enter the NY session, the market is testing the previous resistance as support at 1.4275.
- The RSI shows … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 13 May 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8783, up 0.45% at time of writing.<br/><br/> The pair was likely to find support at 0.8674, Thursday&rsquo;s low, and resistance at 0.8818, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.31% to hit 1.4290 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY In A Pullback After A Bearish Breakout

Posted: 13 May 2011 04:58 AM PDT

USD/JPY

Short-Term- The USD/JPY formed a complex head and shoulder, or a rounded top if you prefer, in the past Asian session, but found support during the European session.
- The 1H chart shows that this decline retraced 50% of the rally since 5/5. The rally from the 50% retracement is a pullback to test whether the market has resolve to defend the topping formation.
- If the market breaks above the 80.90 pivot as well as break above the declining trendline seen in the 1H chart, then the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Germany’s Economy Soars In 1Q, “Core” Euro-Zone Countries On Firm Track In 2011

Posted: 13 May 2011 04:52 AM PDT

The EUR, which had been pressured most of the week rallied in overnight trading, as data regarding growth came in better than expected. The Euro-zone as a whole posted a 0.8% growth rate, above expectations of a 0.6% increase. The core countries continued to perform very well as both the economies of Germany and France showed stronger than expected growth.
German GDP surged in the first quarter, with growth up 1.5% compared to the 4th quarter. Putting that in annual terms, it would be a 6% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 13 May 2011 04:30 AM PDT

Forex Pros – The British Pound was higher against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.4409, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.4269, Monday&rsquo;s low, and resistance at 1.4552, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.20% to hit 1.6260 and EUR/GBP rising 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil, Gold Vulnerable As US CPI Threatens To Rekindle Risk Aversion

Posted: 13 May 2011 04:21 AM PDT

Commodities – Energy
Crude Oil to Fall if US CPI Undermines Risk Appetite
WTI Crude Oil (NY Close): $98.97 // +0.76 // +0.77%
Positioning is little changed from yesterday, with prices caught between the 23.6%Fibonacci retracement of the drop from the May 2 high at $99.41 and the May 6 low at $94.65. A period of consolidation near current levels seems reasonable after last week's intense decline, with anything shy of a daily close above the 50% Fib at $104.73 keeping the overall structure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 13 May 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0679, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.0568, Thursday&rsquo;s low, and resistance at 1.0889, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.28% to hit 1.3379 and AUD/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 13 May 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8853, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8708, Monday&rsquo;s low, and resistance at 0.8904, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.27% to hit 1.4284 and USD/JPY falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In European Trade

Posted: 13 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 80.48, down 0.57% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday&rsquo;s low, and resistance at 81.32, 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 0.33% to hit 1.4293 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For May 13, 2011

Posted: 12 May 2011 06:04 PM PDT

By ForexMansion.com

 
The USD/JPY fell Thursday and then rose. It finally decided to print a doji, but strategically placed above the 80 level – a key metric of support by the big central banks that got involved a few weeks ago. Because of this, we are more likely to buy than sell, but there is no real signal yet. A break of Thursday's highs could be the way we get involved.

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

USD/CHF Technical Analysis For May 13, 2011

Posted: 12 May 2011 06:03 PM PDT

By ForexMansion.com

 
The USD/CHF rose Thursday, only to fall again and form a shooting star. This is a very bearish turn of events, especially since it stopped right at the all-important 0.89 to 0.90 area. This pair looks weak, and the trend is down. Look to sell if it breaks lower today. The trend will certainly be in your favor.

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

USD/CAD Technical Analysis For May 13, 2011

Posted: 12 May 2011 06:02 PM PDT

By ForexMansion.com

 
The USD/CAD rose during Thursday trading, but turned around and formed a shooting star. The 0.97 area continues to be massive resistance, keeping this a sell only pair. The breaking of Thursday's lows could send this pair much lower. The pair doesn't become a buy until much, much higher levels.

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

NZD/USD Technical Analysis For May 13, 2011

Posted: 12 May 2011 06:01 PM PDT

By ForexMansion.com

 
The NZD/USD rose Thursday, stopping just short of the 0.80 resistance area. The pair still looks consolidative, and should remain that way for a while. The pair has been very bullish over the last few months, and one would have to keep that in mind. Until we break out of the 0.78 and 0.80 range we look for scalping to be the right move in this pair.

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

GBP/USD Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:56 PM PDT

By ForexMansion.com

 
The GBP/USD fell Thursday looking to find the 1.63 support level. The pair still has a lot of support below it, although it certainly is getting tested at the moment. The pair could be bought with a tight stop, but there is no real technical signal at the moment, and this would be a bit riskier than a specific candle shape or two that we like to look for. Selling still will be difficult though, with all of the choppiness below this area.

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

GBP/JPY Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:55 PM PDT

By ForexMansion.com

 
The GBP/JPY fell Thursday to test the 131 level, a spot of significant support. The market looks weak now, but there are central banks below. The CBs won't hesitate to get involved if we fall too far below that level, but there are cleaner plays out there against the Yen at the moment. Because of this, we are sitting on the sidelines in this market for the time being.

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

GBP/CHF Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:54 PM PDT

By ForexMansion.com

 
The GBP/CHF fell Thursday to test the 1.44 support level. The market looks weak, and shows that it wants to fall. The trend is certainly down, and the pressure could be building at the moment. However, there is no real technical signal to enter at the moment. The one thing you would have going for you is that it is with the trend. Look for rallies to sell.

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

EUR/USD Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:53 PM PDT

By ForexMansion.com

 
The EUR/USD fell today, but ended up forming a hammer at the 1.42 support level – a bullish sign. Because of this, it looks like a bounce might be in the cards, and a breaking of the Thursday highs could signal more buying as it would show the 1.42 area to have held. Selling isn't recommended unless we break the Thursday lows.

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 13, 2011

Posted: 12 May 2011 05:52 PM PDT

By ForexMansion.com

 
The EUR/JPY fell Thursday and then bounced back – forming a perfect hammer at the 115 level. This is a good sign that the support level could be even more significant that we originally thought. The EUR/JPY looks very constructive at the moment, and a break of Thursday's highs is a good buy signal. Shorting shouldn't be considered at the moment as the 115 is protected by central banks.

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

EUR/GBP Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:45 PM PDT

By ForexMansion.com

 
The EUR/GBP rose during Thursday trading, but stopped just below the support area in the 0.8750 area, the area should be important, and looking for weakness here could be the way to go. This area needs to hold as resistance to confirm the massive sell off in the markets on Wednesday. The pair will be difficult to buy in this area, look for a sign of weakness, as this could be a perfect spot for sellers to jump in.

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

EUR/CHF Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:44 PM PDT

By ForexMansion.com

 
The EUR/CHF has hardly moved in Thursday trading, showing that the market is a bit undecided as investors had a wild ride in several different asset classes during the trading day. Because of this, we don't see a clear set up at this point, and are currently just sitting and watching this pair.

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/USD Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:43 PM PDT

By ForexMansion.com

 
The AUD/USD fell during trading Thursday, but the bulls came back and managed to form a shooting star showing massive support for the AUD. The USD looks weak against several currencies and the Aussie is a perfect currency to short the USD against as the AUD has been so strong recently. 1.05 still manages to be supportive, and a break of Thursday's highs has more buyers stepping in.

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/NZD Technical Analysis For May 13, 2011

Posted: 12 May 2011 05:42 PM PDT

By ForexMansion.com

 
The AUD/NZD fell extremely hard during trading Thursday, but the 1.34 support level held firm. While this market looks weak, it should be noted that the major support level at 1.32 is still intact, and we do not look to sell until we get below that. If we can break Thursday's lows, we are going to head lower and test that mark. For now, we sit on the sidelines.

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
at

No comments:

Post a Comment