Thursday, June 30, 2011

DailyMarkets.com - 50 U.S. Health Care Statistics That Will Absolutely Astonish You

DailyMarkets.com - 50 U.S. Health Care Statistics That Will Absolutely Astonish You


50 U.S. Health Care Statistics That Will Absolutely Astonish You

Posted: 30 Jun 2011 03:35 AM PDT

The U.S. health care system has become one gigantic money making scam, and you are about to see the statistics that prove it. Today, the United States spends more on health care per person than any other country in the world by far. The health insurance companies and the big pharmaceutical corporations are raking in gigantic mountains of cash and yet the quality of the health care that we receive in return is rather quite poor. People living in Puerto Rico have a greater life … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Stronger Euro Jumps To 15-month High Against Pound

Posted: 30 Jun 2011 02:37 AM PDT

Forex Pros – pros &ndash; The euro jumped to a 15-month high against the pound on Thursday, lifted higher by a relief rally as Greece&rsquo;s parliament moved closer to securing its next tranche of bailout loans and avoiding a sovereign debt default.<br /><br />EUR/GBP hit 0.9069 during European morning trade, the pair&rsquo;s highest since March 17, 2010; the pair subsequently consolidated at 0.9060, surging 0.81%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ARS Update: Raymond James And Morgan Keegan ARS Investors’ ‘Nightmare Over’

Posted: 30 Jun 2011 02:29 AM PDT

I strongly believe that the marketing and distribution of auction-rate securities was the single greatest scam perpetrated on investors by Wall Street.
While a full forty months have passed since the ARS market failed that fateful day in February 2008, approximately $100 billion of the original $330 billion ARS remain frozen.
Many thousands of investors continue to wonder if they will ever get a full return of their cash locked up in these supposed 'cash-alternative', 'cash-surrogate', … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Rise Ahead Of Second Greek Vote; DAX Up 0.2%

Posted: 30 Jun 2011 02:20 AM PDT

Forex Pros – pros &ndash; European stock markets were higher on Thursday, as shares in the financial sector extended gains from the previous session as Greece prepared for a second vote on austerity measures designed to prevent a sovereign debt default.<br /><br />During European morning trade, the EURO STOXX 50 gained 0.45%, France&rsquo;s CAC 40 edged 0.35% higher, while Germany’s DAX 30 advanced 0.2%.&nbsp; <br /><br />Greek lawmakers were due to vote … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Flash CPI Holds Steady In June

Posted: 30 Jun 2011 02:05 AM PDT

Forex Pros – pros &ndash; Consumer price inflation in the euro zone unexpectedly held steady in June, preliminary data showed on Thursday.<br /><br />In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.7% in June, unchanged from the previous month.<br /><br />Analysts had expected euro zone CPI to rise by 2.8% in June.<br /><br />Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Flash CPI 2.7% Vs. 2.8% Expected.

Posted: 30 Jun 2011 02:02 AM PDT

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


Forex – Dollar Broadly Lower Vs. Rivals As Risk Appetite Recovers

Posted: 30 Jun 2011 01:48 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, after Greece&rsquo;s parliament accepted an austerity package demanded by international lenders, aimed at averting the euro zone&rsquo;s first sovereign debt default.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD climbing 0.41% to hit 1.4495.<br /><br />On Wednesday, the Greek parliament voted to accept the EUR28.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Erases Gains After Disappointing U.K. Data

Posted: 30 Jun 2011 01:36 AM PDT

Forex Pros – The pound gave up gains against the U.S. dollar on Thursday, pulling back from a six-day high after disappointing economic data reinforced expectations that the Bank of England will keep rates on hold this year.<br /><br />GBP/USD retreated from 1.6118, the pair&rsquo;s highest since June 22, to hit 1.6006 during European morning trade, shedding 0.35%.<br /><br />Cable was likely to find support at 1.5910, Tuesday&rsquo;s low and a five-month low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Dips On Speculation IEA To Release More Supply

Posted: 30 Jun 2011 01:26 AM PDT

Forex Pros – pros &ndash; Crude oil futures dipped on Thursday, declining for the first time in three days amid speculation the International Energy Agency planned to release more oil from strategic reserves, while a weaker U.S. dollar capped losses. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD94.53 a barrel during European morning trade, shedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Hits 4-day Low After Greece Austerity Vote

Posted: 30 Jun 2011 01:17 AM PDT

Forex Pros – pros &ndash; The U.S. dollar fell to a four-day low against the yen on Thursday, after Greece&rsquo;s parliament accepted an austerity plan demanded by international lenders, strengthening the euro and sending the dollar broadly lower.<br /><br />USD/JPY hit 80.31 during early European trade, the pair&rsquo;s lowest since June 24; the pair subsequently consolidated at 80.37, shedding 0.48%.<br /><br />The pair was likely to find short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone M3 Money Supply 2.2%

Posted: 30 Jun 2011 01:09 AM PDT

Private loans were 2.7%; worse than expected. The euro traded slightly lower on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Unemployment Change Declines Less-than-expected

Posted: 30 Jun 2011 12:59 AM PDT

Forex Pros – pros &ndash; The number of unemployed people in Germany declined less-than-expected in June, official data showed on Thursday.<br /><br />In a report, Germany’s Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 8K in June, after falling by 8K in May.<br /><br />Analysts had expected the number of unemployed people to decline by 17K in June.<br /><br />The report showed that Germany&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Edge Lower On Greece, U.S. Dollar

Posted: 30 Jun 2011 12:41 AM PDT

Forex Pros – pros &ndash; Gold futures edged lower on Thursday, easing off a four-day high as the safe haven appeal of the precious metal was dented after Greece&rsquo;s parliament passed an austerity bill, while a weaker U.S. dollar supported prices.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,509.35 a troy ounce during late Asian trade, easing down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Hits 3-week High After Greece Accepts Austerity Plan

Posted: 30 Jun 2011 12:18 AM PDT

Forex Pros – pros &ndash; The Australian dollar rose to a three-week high against its U.S. counterpart on Thursday, after the Greek parliament passed a package of austerity measures, bolstering demand for higher yielding assets.<br /><br />AUD/USD hit 1.0751 during late Asian trade, the pair&rsquo;s highest since June 7; the pair subsequently consolidated at 1.0739, rising 0.55%.<br /><br />The pair was likely to find support at 1.0518, Wednesday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hits 26-year High After Greece Austerity Vote

Posted: 29 Jun 2011 11:56 PM PDT

Forex Pros – pros &ndash; The New Zealand dollar advanced to a 26-year high against its U.S. counterpart on Thursday, after Greece&rsquo;s parliament accepted an austerity plan designed to avert a sovereign debt default, boosting demand for riskier assets.<br /><br />NZD/USD hit 0.8318 during late Asian trade, the pair&rsquo;s highest since exchange rate controls ended in March 1985; the pair subsequently consolidated at 0.8299, gaining 0.55%.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Higher After Greece Vote Passes; Nikkei Up 0.2%

Posted: 29 Jun 2011 11:50 PM PDT

Forex Pros – pros &ndash; Asian stock markets were broadly higher on Thursday, as market sentiment was boosted after Greece&rsquo;s parliament approved a critical austerity plan deemed necessary to avoid a sovereign debt default.&nbsp;&nbsp; <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.55%, Australia&rsquo;s ASX/200 Index surged 1.7%, while Japan&rsquo;s Nikkei 225 Index edged 0.2% higher.<br /><br />Greek lawmakers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Near 3-week High After Greece Accepts Plan

Posted: 29 Jun 2011 11:34 PM PDT

Forex Pros – pros &ndash; The euro was higher against the U.S. dollar on Thursday, trading close to a three-week high after Greece&rsquo;s parliament passed an austerity bill, bringing the country a step closer to securing its next tranche of bailout loans.<br /><br />EUR/USD hit 1.4519 during late Asian trade, the pair&rsquo;s highest since June 10; the pair subsequently consolidated at 1.4488, gaining 0.36%.<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Nationwide HPI Unexpectedly Flat In June

Posted: 29 Jun 2011 11:24 PM PDT

Forex Pros – pros &ndash; U.K. house prices held steady in June, industry data showed on Thursday.<br /><br />In a report, U.K. mortgage lender Nationwide said its house price index was flat in June, after rising by 0.3% in May. <br /><br />Analysts had expected the house price index to ease up by 0.1% in June.<br /><br />Year-on-year, home prices in the U.K. declined at an annualized rate of 1.1% in June, after falling by 1.2% in May, beating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Retail Sales Drop Unexpectedly In May

Posted: 29 Jun 2011 11:18 PM PDT

Forex Pros – pros &ndash; Retail sales in Germany fell unexpectedly in May, official data showed on Thursday.<br /><br />In a report, Germany&rsquo;s Statistics Office said retail sales fell by a seasonally adjusted 2.8% in May, compared to a flat reading in April, whose figure was revised down from a 0.6% gain. <br /><br />Analysts had expected retail sales to rise by 0.7% in May.<br /><br />The data showed that German retail sales rose at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: PerkinElmer, Inc. (PKI)

Posted: 29 Jun 2011 11:05 PM PDT

We upgrade our rating for PerkinElmer, Inc. (NYSE:PKI) to Outperform based on solid results and benefits from reorganization. First-quarter 2011 earnings per share of $0.34 surpassed the Zacks Consensus Estimate of $0.30. PerkinElmer is a leader in several life science segments. It has added new related areas as part of its reorganization and divested unrelated businesses. As a consequence, it has emerged as a higher-growth, higher-margin company.
Its operations, both sales and manufacturing, are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Churchill Downs Inc.

Posted: 29 Jun 2011 11:05 PM PDT

Churchill Downs Inc. (NASDAQ:CHDN) is trading like a winner in the up market, recently hitting a new 52-week high after posting Q1 results that handily beat expectations. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock is racing with momentum.
Company Description
Churchill Downs, Inc. owns horse-racing tracks and gaming operations in the United States. The company was founded in 1928 and has a market cap of $730 million.
Churchill Downs has seen big gains over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Casey's General Stores, Inc.

Posted: 29 Jun 2011 11:05 PM PDT

Casey’s General Stores, Inc. (NASDAQ:CASY) recently reported better than expected results for its fiscal 2011 fourth quarter.
Earnings per share came in 20% above the Zacks Consensus Estimate as revenue surged 31%. Analysts revised their estimates significantly higher for both 2012 and 2013, sending the stock to a Zacks #1 Rank (Strong Buy).
Casey’s has also been aggressively raising its dividend over the last decade and shares currently yield 1.4%.
Company Description
Casey’s General Stores, Inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Genesco, Inc

Posted: 29 Jun 2011 11:05 PM PDT

Genesco Inc. (NYSE:GCO) is growing through both organic and M&A efforts, which has analysts seeing dollar signs.
Growth rates are rising, shares are cheap and the stock has a Zacks #1 Rank (Strong Buy).
Company Description
Genesco sells footwear, sports apparel, headwear and accessories at more than 22,000 locations. Brands include Journeys, Lids and several others.
Comps Up 14%
The last quarterly report came out on May 26 and showed solid top-line growth, driven by a 14% increase in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Hudson City Bancorp (HCBK)

Posted: 29 Jun 2011 11:05 PM PDT

We are downgrading our recommendation on Hudson City Bancorp (NASDAQ:HCBK) to Underperform. It reported a loss on a GAAP basis in the first quarter of 2011 for the completion of the balance sheet restructuring during the quarter. Lower interest and dividend income, and increased non-interest expense, were on the downside.
Going forward, the low interest rate environment would likely result in a compression of the net interest margin from its new higher level resulting from the restructuring … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 29 Jun 2011 10:55 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4502, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4519, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.9004 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 29 Jun 2011 10:25 PM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6104, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.9007 and GBP/JPY falling 0.27% 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: 29 Jun 2011 09:55 PM PDT

Forex Pros – pros – The Euro was higher against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.2055, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.1808, Monday&rsquo;s low, and resistance at 1.2071, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.51% to hit 1.4509 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 29 Jun 2011 09:25 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Swiss Franc on Thursday.<br/><br/> USD/CHF was trading at 0.8311, down 0.41% at time of writing.<br/><br/> The pair was likely to find support at 0.8276, Tuesday&rsquo;s low, and resistance at 0.8384, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.48% to hit 1.4506 and USD/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Potential Turning Point In Gold Mining Stocks As QE2 Expires

Posted: 29 Jun 2011 09:23 PM PDT

Jeb Handwerger, editor of GoldStockTrades, has been bullish on miners. He points out in a letter to clients today that GDX has held support above a technically significant $52.50 level.
Read the full article at Barron's by clicking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Frank Holmes: Gold Could Double In 5 Years

Posted: 29 Jun 2011 09:19 PM PDT

Jim Rogers: Let Greece Go Bankrupt

Posted: 29 Jun 2011 09:18 PM PDT

Jim Rogers comments on Greece and his portfolio positioning in this video.  He's long the dollar and the Euro, and still long commodities.  He also says he's not buying much right now, just being patient and watching to see what … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 29 Jun 2011 09:00 PM PDT

Forex Pros – pros – The Euro was higher against the British Pound on Thursday.<br/><br/> EUR/GBP was trading at 0.9007, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 0.8859, Monday&rsquo;s low, and resistance at 0.9014, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.49% to hit 1.4507 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Moves Toward Channel Trendline Resistance At 1.4537

Posted: 29 Jun 2011 08:58 PM PDT

The EURUSD has moved steadily to the upside in the Asian session and looks to test the target channel resistance at the 1.4537.  Should the momentum continue look for this level/area to find profit takers.
The 5 minute chart is on the second leg higher for the new day. The first leg corrected 38.2% and held trendline support. This opened the door for additional momentum to the upside. The pair is currently in the the second leg.  Watch the 38.2% and the 50% for clues on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 29 Jun 2011 08:35 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 80.44, down 0.42% at time of writing.<br/><br/> The pair was likely to find support at 80.34, Monday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.47% to hit 1.4504 and GBP/USD rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 29 Jun 2011 08:10 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9680, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.9668, Wednesday&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.49% to hit 1.4507 and GBP/USD rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


But At Least The Politicians Care… In Theory.

Posted: 29 Jun 2011 08:08 PM PDT

Current teenage unemployment rates for May 2011:

All teenagers: 24.2% 

Black teenagers: 40.7%

Male black teenagers: 45.1%

Female black teenagers: 35.9%

To paraphrase Larry Elder, let’s sum up. Politicians and the mainscream media ignore market forces, don’t care about the reality that demand curves slope downward, and overlook the significant adverse impacts of raising the minimum wage on teenage unemployment.  But hey, at least they care. In theory. Especially for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wal-Mart Gets The Gold Medal For Employee Safety

Posted: 29 Jun 2011 07:43 PM PDT

Company

OSHA Enforcement Inspections, 2006-2011

Employees

Inspections per 100,000 Employees

Ford

389

164,000

237.2

Home Depot

406

189,390

214.4

Lowes

247

161,000

153.4

Costco

99

82,000

120.7

Whole Foods

26

45,300

57.4

Target

203

355,000

57.2

McDonald’s

69

400,000

17.3

Walmart

215

2,100,000

10.2

The table above shows: a) the number of OSHA enforcement inspections over the last five years for a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 29 Jun 2011 07:30 PM PDT

Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0717, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0719, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3519 and AUD/JPY rising 0.08% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Thursday 30 June

Posted: 29 Jun 2011 07:21 PM PDT

Shares in Asia open higher on Greek austerity passage of austerity measures, but some indexes pull back in later morning trade. Singapore market is riding higher, breaking resistance at 3100. We view it as positive development that the index shall recover from its slump since June.
Stocks to look out for the time being shall be STX OSV. Stock has broken high of 1.40 today. Good chance of continuing to create new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 29 Jun 2011 07:05 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4467, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4485, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.9001 and EUR/JPY falling 0.05% 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: 29 Jun 2011 06:35 PM PDT

Forex Pros – pros – The Euro was lower against the Japanese Yen on Thursday.<br/><br/> EUR/JPY was trading at 116.54, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 113.85, Monday&rsquo;s low, and resistance at 117.17, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.19% to hit 1.4463 and EUR/GBP rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“A Trillion Here, A Trillion There…” Redux

Posted: 29 Jun 2011 06:34 PM PDT

For a truly frightening look at the mess the Washington spending machine has created, have a look at these:
From the Washington Post:
“New Estimate of U.S. War Costs: $4 Trillion”
Amid a growing debate over how to bring down the government's debt, a new study has concluded that U.S. involvement in Afghanistan, Iraq and Pakistan has cost up to $4 trillion over the past decade.

The study, by the nonpartisan Eisenhower Research Project based at Brown University's Watson … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 29 Jun 2011 05:45 PM PDT

Forex Pros – pros – The British Pound was lower against the Japanese Yen on Thursday.<br/><br/> GBP/JPY was trading at 129.59, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 128.23, Monday&rsquo;s low, and resistance at 130.08, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.03% to hit 1.6067 and EUR/GBP rising 0.19% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Daily Fundamental Analysis For July 01, 2011

Posted: 29 Jun 2011 02:54 PM PDT

By ForexMansion.com
The AUD/NZD pair advanced early Thursday after the Australian dollar soared to its highest level in more than two weeks against the dollar, forcing the AUD/NZD pair to enter a correctional move to the upside after three days of downside movement.
The Aussie was able to cover its previous losses against the dollar, as the positive vote from the Greek Parliamenton the five years austerity plan restored confidence in financial markets, sending Aussie to upside against … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Daily Fundamental Analysis For July 01, 2011

Posted: 29 Jun 2011 02:54 PM PDT

By ForexMansion.com
The New Zealand dollar still grabs investors’ attention after reaching to a two-week high, while it continues to record more gains versus its major counterpart, supported by the cheerful from the New Zealand economy.
The NZ currency (Kiwi) accelerated to a new record versus the greenback after the New Zealand economy reported the building approvals jumped for the second straight month in May, reflecting the residential construction rebound after the earthquake.
As for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Daily Fundamental Analysis For July 01, 2011

Posted: 29 Jun 2011 02:53 PM PDT

By ForexMansion.com
 
The USD/JPY pair dropped to the lowest level in four days, as the yen bounced against the dollar which lost most of its momentum after the risk appetite returned to the market.
The dollar witnessed a lot of selling pressure during the Asian session early Thursday, as the Greek Parliament voted positively on the austerity plan which supported confidence in the financial markets and drove investors to increase demand for risky assets, sending the dollar to the downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis June 30, 2011

Posted: 29 Jun 2011 11:44 AM PDT

By ForexMansion.com

The USD/JPY pair fell on Wednesday, but managed to rally in the latter hours. The candle shape is similar to a hammer, and now looks like it wants to be supportive at these levels. We know that the central banks are sitting below the 80 line, and as such we only buy. We can also see major resistance at the 82 level, and believe that we are going to see consolidation for the near future. We like buying on dips at this point.

Originally posted here

The latest info on day … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:48 AM PDT

By ForexMansion.com

 
The USD/CHF pair traded in a fairly tight range on Wednesday as the market grappled with the Greek austerity vote. The Franc lost some strength overall in the marketplace, but towards the end of the day it started to see a small bid. Because of this, we fell the trend isn't threatened at all, and the Franc should continue to appreciate overall. The pair looks like it is finding support at 0.83, but we feel that the 0.85 level is massive resistance. We look for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:47 AM PDT

By ForexMansion.com

 
The USD/CAD market fell hard on Wednesday as the oil markets caught a bid. This is with the overall trend, and why we haven't been recommending the buying of this pair. The area it has traded to (0.97) is a support area, and we will need a daily close below that level in order to short. Otherwise, we would be interested in shorting rallies.

Originally posted here

Further information about forex trading and forex news can be found at ForexTrading.co.uk.
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:47 AM PDT

By ForexMansion.com

 
The NZD/USD pair managed to rise on Wednesday as traders bought most commodity markets. The pair has eclipsed the recent high, a condition of us buying in yesterday's video, and as such we are constructive at this point. It should be noted that the 0.83 level is resistance, and just above. Because of this, we are looking to buy on a close above that level. We don't sell until we get under 0.78 – a long way away at this point.

Originally posted here

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


GBP/USD Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:46 AM PDT

By ForexMansion.com

 
The GBP/USD pair rose as traders took on more risk after the Greek parliament voted to accept austerity measures. The pair is a barometer for risk, and this reaction isn't necessarily surprising. The biggest issue this pair faces is that the recent action has been so bearish, it is hard to imagine wanting to buy it. The 1.59 is the absolute bottom of support, and if that gives way, we are looking for 1.55 in short order. The latter hours of the day had this pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/JPY Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:45 AM PDT

By ForexMansion.com

 
The GBP/JPY pair rose during the Wednesday session, retesting the 130 area. The area has served as serious support in the recent past, and looks to act as resistance now. So far it has held, and as such we are looking for selling signals at this point. More than likely we will find it on the lower time frames, such as the 4 hour chart. Until we can break and hold above the 130 level on the daily chart, we are bearish.

Originally posted here

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GBP/CHF Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:44 AM PDT

By ForexMansion.com

 
GBP/CHF rose on Wednesday, slamming right up to the 1.34 area. This area has been firm support recently, and was also the top of the recent gap area. Because of this, we think that the pair may have trouble getting above it. However, we have not seen the signs that we are looking for yet. The 1.36 is above, and it looks even more resistive if the 1.34 gives way. We only sell this pair, and as such are looking for weakness at 1.34, or weakness at 1.36.

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EUR/USD Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:43 AM PDT

By ForexMansion.com

 
The EUR/USD pair rose on Wednesday, but failed to move significantly over the 1.44 area. The pair is approaching the 1.45 area, and one has to wonder whether or not it will find the steam in order to get above that level. The fact that a lot of the positive news out of the Greek parliament may have been priced into the market already seems to suggest that the 1.45 may very well hold. We like selling rallies and bearish candles the closer to 1.45 we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:42 AM PDT

By ForexMansion.com

 
The EUR/JPY market had a very eventful day on Wednesday as the Greek parliament passed the austerity measures the world had been waiting on. The end result was a doji-shaped candle that looks like a market that doesn't know where to go. The resistance is sitting above at 117.50, and with this type of candle it is more likely to hold. The consolidation should continue between 117.50 and 113.50, respectively. Since we are towards the top of the range, we are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:42 AM PDT

By ForexMansion.com

 
The EUR/GBP pair rose during Wednesday and even managed to peak above the 0.90 area. However, it fell right away, and is closing as a shooting star. This is a very bearish candlestick formation, and should see this pair falling back into the consolidation area. We do not buy until we break above the top of this candle.

Originally posted here

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EUR/CHF Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:41 AM PDT

By ForexMansion.com

 
The EUR/CHF pair rose as traders celebrated the passing of Greek austerity measures on Wednesday. However, the 1.2050 area is the start of some very serious resistance. Because of this, we feel that looking for a sign of weakness to sell at this level is the trade. We don't buy this pair because of the massive downtrend it is in, and this looks a lot like a type of move that will be faded. Looking for shooting stars or bearish bars on the hourly or four hour … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:40 AM PDT

By ForexMansion.com

 
Yesterday we said that we need to see the AUD/USD break above the red trend line – a line that formed the descending triangle in order to buy this pair. That is exactly what is has done on Wednesday. Because of this, we are looking for pullbacks to buy the AUD/USD pair, and it looks as if it is going to find a bid again. With the strength in the gold markets, and the correlation between the Aussie and gold – this was no surprise.

Originally posted here

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AUD/NZD Technical Analysis For June 30, 2011

Posted: 29 Jun 2011 09:39 AM PDT

By ForexMansion.com

 
AUD/NZD fell, and then bounced on Wednesday, showing just how confused this pair really is. The daily candle formed looks much like a hammer, but we are still sticking to this tighter and tighter trading range focusing on the 1.30 area. The market is one we are not trading, at least until we break above the 1.32, or below 1.28.

Originally posted here

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