DailyMarkets.com - Central Bank Of West African States Holds Rate At 4.25%

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• Central Bank Of West African States Holds Rate At 4.25%
• Forex – USD/CHF Off Record Low But Fears Over U.S. Recovery Weigh
• Forex Trading: Euro Firmer In Recent Trade
• Forex – EUR/GBP Holds Gains After Rise In U.K. Construction PMI
• European Stocks Slump On Greek Debt Fears; DAX Down 1.3%
• U.K. Construction PMI Rises More-than-expected
• Forex – Dollar Broadly Lower Vs. Rivals Amid U.S. Growth Concerns
• Crude Oil Futures Hit 6-day Low On U.S. Demand Concerns
• Forex – Pound Hits One-week Low Vs. Dollar After Weak U.K. PMI
• Forex Trading: Euro A Bit Firmer/trading On Session Highs
• Forex – USD/JPY Erases Gains As Kan Survives No-confidence Vote
• Gold Futures Steady On U.S. Recovery, Greece Debt Concerns
• Forex – NZD/USD Slips To 4-day Low As Risk Appetite Falters
• Swing And A Miss To Start June
• Forex – AUD/USD Rises From One-week Low After Retail Sales Report
• Asia Stocks Tumble On U.S. Growth Concerns; Nikkei Down 1.7%
• Australia’s Trade Surplus Narrows Unexpectedly
• Forex – EUR/USD Up But Off 4-week High After Greece Downgrade
• Aggressive Growth Stock: GT Solar International
• Bear Of The Day: Lender Processing (LPS)
• Momentum Stock: Baker Hughes, Inc.
• Growth & Income Stock: Home Properties, Inc.
• Bull Of The Day: SIRIUS XM Radio (SIRI)
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Mish Shedlock: Real Issue Is Government Spending Run Amok
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Up During Asian Trade
• Is Oil Topping?
• Forex – USD/CAD Up In Asian Trading Hours
• Peter Schiff: We Need A Gold Standard
• Don Boudreaux Channels Julian Simon In The Wall Street Journal With A New Bet For The Doomsayers
• Lepanto Consolidated Mining (LC) Likely To Hit PHP 1.00
• Forex – AUD/USD Up During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Bought/Sold DUST — Update Tomorrow’s Trades (Today!)
• How To Get Washington’s Attention
• Australian Retail Sales Rise More-than-expected
• Forex – EUR/JPY Up During Asian Trade
• USD/CHF Daily Fundamental Analysis For June 2, 2011
• Technical Supports To Look For
• Forex – GBP/JPY Up During The Asian Session
• USD/JPY Technical Analysis For June 2, 2011
• USD/CHF Technical Analysis For June 2, 2011
• USD/CAD Technical Analysis For June 2, 2011
• NZD/USD Technical Analysis For June 2, 2011
• GBP/USD Technical Analysis For June 2, 2011
• GBP/JPY Technical Analysis For June 2, 2011
• GBP/CHF Technical Analysis For June 2, 2011
• EUR/USD Technical Analysis For June 2, 2011
• EUR/JPY Technical Analysis For June 2, 2011
• EUR/GBP Technical Analysis For June 2, 2011
• EUR/CHF Technical Analysis For June 2, 2011
• AUD/USD Technical Analysis For June 2, 2011
• AUD/NZD Technical Analysis For June 2, 2011
• USD/CAD Daily Fundamental Analysis For June 02, 2011

Central Bank Of West African States Holds Rate At 4.25% Posted: 02 Jun 2011 03:08 AM PDT The Central Bank of West African States (BCEAO) decided to hold interest rates unchanged again.  The Bank held the marginal lending facility rate unchanged at 4.25%, and the minimum open market rate at 3.25% while also holding the bank reserve requirement ratio unchanged at 7%.  The Central Bank presides over the monetary policy of the West African Monetary Union which comprises Benin, Burkina Faso, Cote d’Ivoire, Guinea Bissau, Mali, Niger, Senegal, Togo. The BCEAO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Off Record Low But Fears Over U.S. Recovery Weigh Posted: 02 Jun 2011 02:57 AM PDT Forex Pros – The U.S. dollar eased off a record low against the Swiss franc on Thursday, but gains were limited after string of disappointing U.S. data sparked speculation that the Federal Reserve may continue monetary easing.<br /><br />USD/CHF hit 0.8454 during European morning trade, the daily high; the pair subsequently consolidated at 0.8431, easing up 0.14%.<br /><br />The pair was likely to find short-term support at 0.8381, Wednesday&rsquo;s low and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Firmer In Recent Trade Posted: 02 Jun 2011 02:56 AM PDT In the previous post the topside target was 1.44064. The pair has surpassed that target and has made a new session high of 1.44403 following comments from the Slovak finance minister that an investor haircut on Greek debt is still the best option. We look to 1.44577 as the next bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Holds Gains After Rise In U.K. Construction PMI Posted: 02 Jun 2011 02:21 AM PDT Forex Pros – The euro held gains against the pound on Thursday, trading close to a two-week high despite data showing that activity in the U.K. construction sector picked up faster than expected in May, helped by a strong rise in new orders.<br /><br />EUR/GBP hit 0.8823, the pair&rsquo;s highest since May 20, during European morning trade; the pair subsequently consolidated at 0.8805, gaining 0.38%.<br /><br />The pair was likely to find support at 0.8743, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Slump On Greek Debt Fears; DAX Down 1.3% Posted: 02 Jun 2011 02:02 AM PDT Forex Pros – European stock markets were sharply lower on Thursday, as shares in the financial sector led losses following a fresh downgrade of Greek sovereign debt, while U.S. futures indexes pointed to a lower open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 fell 1%, France&rsquo;s CAC 40 slumped 1.25%, while Germany’s DAX 30 dropped 1.3%&nbsp; <br /><br />On Wednesday, ratings agency Moody’s cut Greece’s sovereign rating to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Construction PMI Rises More-than-expected Posted: 02 Jun 2011 01:36 AM PDT Forex Pros – Britain’s construction sector activity increased more-than-expected in May, industry data showed on Thursday.<br /><br />In a report, market research firm Markit and the Chartered Institute of Purchasing &amp; Supply said that their U.K. construction purchasing managers’ index rose to a seasonally adjusted 54.0 in May from April&rsquo;s reading of 53.3. <br /><br />Economists had expected the index to ease up to 53.5 in May.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals Amid U.S. Growth Concerns Posted: 02 Jun 2011 01:33 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, as a string of weaker-than-expected U.S. data fuelled speculation that the Federal Reserve may continue monetary easing in the months ahead. <br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.40% to hit 1.4387.<br /><br />On Wednesday, Moody’s cut Greece’s sovereign rating from B1 to Caa1, only four notches above the default … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Hit 6-day Low On U.S. Demand Concerns Posted: 02 Jun 2011 01:22 AM PDT Forex Pros – Crude oil futures edged down on Thursday, hitting a six day low amid concerns over a slowdown in demand from the U.S., the world&rsquo;s largest crude consumer, but prices remained support by a weak U.S. dollar.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD99.67 a barrel during European morning trade, shedding 0.21%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound Hits One-week Low Vs. Dollar After Weak U.K. PMI Posted: 02 Jun 2011 01:07 AM PDT Forex Pros – The pound fell to a one-week low against the U.S. dollar on Thursday, as weaker-than-expected U.K. manufacturing data reinforced expectations that the Bank of England will not raise interest rates until next year.<br /><br />GBP/USD hit 1.6306 during early European trade, the pair&rsquo;s lowest since May 26; the pair subsequently consolidated at 1.6315, slipping 0.11%.<br /><br />Cable was likely to find support at 1.6130, the low of May 25 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro A Bit Firmer/trading On Session Highs Posted: 02 Jun 2011 01:06 AM PDT We have seen a relatively quiet session with the absence of the Swiss and the Eurozone as they take the day off to observe Ascension Day. As you can see below, the Euro has been trading steadily higher since the end of yesterday's trading session; the EUR/USD currently testing some short-term resistance around the 1.4380-90 area. On the 15 minute chart, we find the 100 bar moving average at 1.4380, the 50.0% fibo line at 1.43823, and lastley the 200 bar moving average at 1.4390. It also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Erases Gains As Kan Survives No-confidence Vote Posted: 02 Jun 2011 12:38 AM PDT Forex Pros – The U.S. dollar erased gains against the yen on Thursday, as Japan&rsquo;s Prime Minister Naoto Kan survived a no-confidence vote by offering to resign once the country&rsquo;s worst crisis since World War II is under control.<br /><br />USD/JPY pulled away from 83.31, the daily high to hit 80.84 during late Asian trade, slipping 0.13%.<br /><br />The pair was likely to find support at 80.04, the low of May 6 and resistance at 81.77, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Steady On U.S. Recovery, Greece Debt Concerns Posted: 02 Jun 2011 12:28 AM PDT Forex Pros – Gold futures held steady on Thursday, after rising to a one-month high in the previous session, as a combination of a weaker U.S. dollar, mounting concerns over the U.S. economic recovery and ongoing fears over Greek sovereign debt supported prices. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,541.85 a troy ounce during late Asian trade, easing up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Slips To 4-day Low As Risk Appetite Falters Posted: 02 Jun 2011 12:11 AM PDT Forex Pros – The New Zealand dollar slipped to a four-day low against its U.S. counterpart on Thursday, as risk sentiment weakened amid concerns over Greek sovereign debt and after disappointing U.S. data.<br /><br />NZD/USD hit 0.8109 during late Asian trade, the pair&rsquo;s lowest since May 27; the pair subsequently consolidated at 0.8136, slipping 0.11%.<br /><br />The pair was likely to find support at 0.7965, the low of May 26 and resistance at 0.8262, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swing And A Miss To Start June Posted: 02 Jun 2011 12:03 AM PDT May was the worst month for the S&P 500 since August 2010, but the percentage loss for the month only ended up being about 1.5%.  The four day rally at the end of May, including the big up day on Tuesday, served to soften some of the damage done in May.  But the market reversed all of that bounce in one day to start June with a massive selloff. Poor economic statistics was one of the main reasons for the selloff on Wednesday.  The ADP Employment Report and the ISM Index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Rises From One-week Low After Retail Sales Report Posted: 01 Jun 2011 11:55 PM PDT Forex Pros – The Australian dollar rebounded from a one-week low against its U.S. counterpart on Thursday, after official data showed that domestic retail sales rose by the most in 17 months in April.<br /><br />AUD/USD hit 1.0659 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0643, gaining 0.28%.<br /><br />The pair was likely to find support at 1.0508, the low of May 26 and resistance at 1.0752, Wednesday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Tumble On U.S. Growth Concerns; Nikkei Down 1.7% Posted: 01 Jun 2011 11:45 PM PDT Forex Pros – Asian stock markets were sharply lower on Thursday, as concerns over the U.S. economic recovery and steep losses on Wall Street weighed on market sentiment, while the Nikkei dropped amid growing political uncertainty. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index slumped 1.55%, South Korea’s Kospi Composite fell 1.27%, while Japan&rsquo;s Nikkei 225 Index tumbled 1.7%.<br /><br />Data on Wednesday showed that U.S. private-sector … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australia’s Trade Surplus Narrows Unexpectedly Posted: 01 Jun 2011 11:19 PM PDT Forex Pros – Australia’s trade surplus narrowed unexpectedly in April, official data showed on Thursday.<br /><br />In a report, the Australian Bureau of Statistics said the nation&rsquo;s trade surplus narrowed to AUD1.60 billion in April, down from a&nbsp; of AUD1.69 billion in March, whose figure was revised down from a surplus of AUD1.74 billion. <br /><br />Economists had expected the trade surplus to widen to AUD2.13 billion in April. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up But Off 4-week High After Greece Downgrade Posted: 01 Jun 2011 11:17 PM PDT Forex Pros – The euro was up against the U.S. dollar on Thursday, but remained below a recent four-week high after Moody’s Investors Service slashed Greece’s credit rating by three notches.<br /><br />EUR/USD hit 1.4377 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4372, gaining 0.32%.<br /><br />The pair was likely to find support at 1.4256, the low of May 30 and short-term resistance at 1.4458, Wednesday&rsquo;s high and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: GT Solar International Posted: 01 Jun 2011 11:05 PM PDT GT Solar International, Inc. (NASDAQ:SOLR) reported its highest revenue levels in company history in its latest quarterly announcement. Shares are trading with great valuations, solid earnings momentum and a Zacks #1 Rank (Strong Buy). Company Description GT Solar makes polysilicon production technology and other material for solar, LED and similar markets. Top Line Swells 65% On May 23 GT Solar reported fourth quarter results that showed quarterly revenues jumping 39%, to $272 million. Annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Lender Processing (LPS) Posted: 01 Jun 2011 11:05 PM PDT Lender Processing Services’ (NYSE:LPS) first-quarter 2011 results were a mixed bag. We are concerned about the high debt on its balance sheet as well as challenging origination and default market. There is also a possibility of further foreclosure delays. Moreover, the company is anticipating near-term challenges due to significant changes in the origination volumes. Hence, we downgrade our recommendation from Neutral to Underperform on the shares. Our six-month target price of $24.00 equates to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Baker Hughes, Inc. Posted: 01 Jun 2011 11:05 PM PDT Baker Hughes, Inc. (NYSE:BHI) continues to trade in elevated territory near its 52-week high after reporting strong Q1 results in late April that came in ahead of expectations. With an average earnings surprise of 14% over the last four quarters and bullish 29% growth projection, this Zacks #1 rank stock is an energetic pick for momentum. Company Description Baker Hughes, Inc. operates as an on-shore drilling and oil-field services provider. The company operates both domestically and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Home Properties, Inc. Posted: 01 Jun 2011 11:05 PM PDT Estimates continue to climb for Home Properties, Inc. (NYSE:HME) as the apartment REIT benefits from rising rents and higher occupancy rates. With credit harder to come by and home prices plummeting, more families are choosing to rent rather than buy. This means higher demand for rental housing, which is driving higher occupancy rates and higher rents across much of the apartment REIT industry. Home Properties offer investors attractive growth potential as well as a dividend that yields a hefty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: SIRIUS XM Radio (SIRI) Posted: 01 Jun 2011 11:05 PM PDT We upgrade our recommendation on SIRIUS XM Radio (NASDAQ:SIRI) to Outperform based on better business visibility of the company. An improving U.S. auto sector and a rise in consumer spending will sustain SIRIUS XM’s near-term growth. Management maintained its full-year 2011 revenue target while raising its free cash flow estimate. We believe upcoming SIRIUS XM 2.0 product will help the company to increase its subscriber base. Moreover, the company will get pricing flexibility from the fourth quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 01 Jun 2011 10:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4363, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4459, Wednesday&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 0.8788 and EUR/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 01 Jun 2011 10:25 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6329, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.6316, Wednesday&rsquo;s low, and resistance at 1.6547, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8790 and GBP/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mish Shedlock: Real Issue Is Government Spending Run Amok Posted: 01 Jun 2011 09:59 PM PDT Mish Shedlock discusses the fact that neither political party is willing to address the serious issue of out of control government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours Posted: 01 Jun 2011 09:55 PM PDT Forex Pros – The Euro was higher against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.2098, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.2054, Wednesday&rsquo;s low, and resistance at 1.2318, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.27% to hit 1.4366 and EUR/JPY rising 0.21% 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: 01 Jun 2011 09:25 PM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Thursday.<br/><br/> USD/CHF was trading at 0.8428, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8384, Wednesday&rsquo;s low, and resistance at 0.8547, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.4359 and USD/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The Asian Session Posted: 01 Jun 2011 09:00 PM PDT Forex Pros – The Euro was higher against the British Pound on Thursday.<br/><br/> EUR/GBP was trading at 0.8793, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.8657, Monday&rsquo;s low, and resistance at 0.8808, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.4357 and EUR/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 01 Jun 2011 08:35 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 81.08, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 80.68, Wednesday&rsquo;s low, and resistance at 81.77, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.18% to hit 1.4354 and GBP/USD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is Oil Topping? Posted: 01 Jun 2011 08:19 PM PDT Brent Crude Short-term to Medium Term - Oil rallied above 100 since the advent of the  "Arab Spring". While tension still remains high, oil may have hit a medium term high and looks like it could be topping. - The 4H chart shows the brent crude prices dip below the 200 simple moving average (200SMA). Since rebounding from 105, the market retraced almost 61.8% of the decline seen in the 4H chart. - The RSI is about to break back below 40, negating the bullish momentum established … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 01 Jun 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9778, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, Tuesday&rsquo;s low, and resistance at 0.9787, Monday&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 0.20% to hit 1.4357 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peter Schiff: We Need A Gold Standard Posted: 01 Jun 2011 07:59 PM PDT Peter Schiff discusses the benefits of returning to a gold standard and restoring the role of money as a store of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Don Boudreaux Channels Julian Simon In The Wall Street Journal With A New Bet For The Doomsayers Posted: 01 Jun 2011 07:50 PM PDT Don Boudreaux’s masterfully continues the Julian Simon tradition in this WSJ article “More Weather Deaths? Wanna Bet?”: “Writing recently in the Washington Post, environmental guru Bill McKibben asserted that the number and severity of recent weather events, such as the tornado in Joplin, Mo., are too great not to be the result of fossil-fuel induced climate change. He suggested that government’s failure to reduce emissions of greenhouse gases will result in more violent weather and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lepanto Consolidated Mining (LC) Likely To Hit PHP 1.00 Posted: 01 Jun 2011 07:40 PM PDT Hot shot Lepanto Consolidated Mining Corporation or LC in the Philippine Stock Exchange looks like it's going to hit the PHP 1.00 mark soon. LC has a stronghold for the best performing stock of the year with a year-to-date return of more than 97% so far. And based on its chart, it seems like it's going to pocket some more gains. As you can see, LC has been consolidating within an ascending triangle. During this phase, a lot of buying occurred as evidenced by the increase in volume. At the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 01 Jun 2011 07:30 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Retail Sales.<br/><br/> AUD/USD was trading at 1.0628, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.0588, today&rsquo;s low, and resistance at 1.0757, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Retail sales in Australia rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 01 Jun 2011 07:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4354, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4459, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8785 and EUR/JPY rising 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bought/Sold DUST — Update Tomorrow’s Trades (Today!) Posted: 01 Jun 2011 06:57 PM PDT This is the 60 minute chart of Direxion Gold Miner Bear 2X ETF (DUST) which I bought today at $40.75 for a little day trade. Click on any chart to ENLARGE You can see that the TSI (7,4) was sporting a wedge pattern that looked likely to break in one direction or the other.  The positive divergence between the True Strength Index (TSI) indicator and flat price gave me the clue the break would be to the upside.  And it was. I have just two more days of school to teach and then I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How To Get Washington’s Attention Posted: 01 Jun 2011 06:51 PM PDT The current disconnect between Washington's obsession with long-term budget deficits, on the one hand, and the frailty of the nation's economy right now, is scary. The question is whether today's stock market wipe-out, coupled with the plunge in housing prices, discouraging news about economic growth, and what's likely to be a paltry jobs report Friday, will be enough to force Washington to give up – or at least postpone – its games over the budget and debt ceiling, and take … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Retail Sales Rise More-than-expected Posted: 01 Jun 2011 06:45 PM PDT Forex Pros – Retail sales in Australia rose more-than-expected last month, official data showed on Thursday.<br/><br/>In a report, Australian Bureau of Statistics said that Australian retail sales rose to a seasonally adjusted 1.1%, from -0.3% in the preceding month whose figure was revised up from -0.5%.<br/><br/>Analysts had expected Australian retail sales to rise 0.4% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade Posted: 01 Jun 2011 06:35 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Thursday.<br/><br/> EUR/JPY was trading at 116.62, up 0.54% at time of writing.<br/><br/> The pair was likely to find support at 115.22, Monday&rsquo;s low, and resistance at 117.80, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.17% to hit 1.4353 and EUR/GBP rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For June 2, 2011 Posted: 01 Jun 2011 06:25 PM PDT By ForexMansion.com At 12:30 GMT, the U.S economy will release initial jobless claims for the week ended May 28 and continuing claims for the week ended May 21.  On Wednesday trading, the franc strengthened against the dollar after strong Swiss data which offset the negative impact of 1q GDP released on Tuesday (Swiss economy grew 0.3% compared with the revised 0.8% expansion recorded in the fourth quarter) as SVME Purchasing Manger s Index climbed to 59.2 in May from 58.4 in April while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Technical Supports To Look For Posted: 01 Jun 2011 06:01 PM PDT The last couple of days has been a really scary ride. On Monday, the market climbs 1.06% and looks as if it’s finally cleared the upper boundary of a lateral channel in which it’s been trapped since February and today, the market comes crashing down 2.28%, back down below both the 50-dma and 100-dma’s. Yesterday, all the “talking heads” can speak about are the stocks that have finally moving higher, all the industries that have positive momentum, how the tragedy playing out in the EU with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 01 Jun 2011 05:45 PM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Thursday.<br/><br/> GBP/JPY was trading at 132.41, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 131.97, Wednesday&rsquo;s low, and resistance at 135.13, Tuesday&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 0.01% to hit 1.6336 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:36 PM PDT By ForexMansion.com   The USD/JPY fell on Wednesday, but not as much as the other Yen-related crosses as the USD climbed against most other currencies. The "risk off' trade seems to be back on, and that could drive this pair lower. However, there are central banks below, and we don't want to sell into that. Look for a supportive move nearer to the 80 mark. Originally posted here Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:35 PM PDT By ForexMansion.com   The USD/CHF fell on Wednesday and managed to make new all-time lows. The pair is decidedly bearish, and there is no reason to buy it. The 0.85 has given way, and now it is a matter of time before we see a serious run at the 0.80 mark. Rallies are to be sold. So are new lows. Originally posted here Find more information about technical analysis, fundamental analysis and news on ForexMansion.com. About ForexMansion.com: The Finance Mansion Network … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:34 PM PDT By ForexMansion.com   The USD/CAD rose on Wednesday but failed to break the trend downward. The pair has been a sell on the rallies type of pair, and with both the 0.98 above, and the oil markets holding support on Wednesday – we like this pair as a short as long as we stay under 0.98, even with the bounce. Originally posted here Find more information about technical analysis, fundamental analysis and news on ForexMansion.com. About ForexMansion.com: The Finance Mansion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:33 PM PDT By ForexMansion.com   The NZD/USD pulled back on Wednesday, after moving up in dramatic fashion over the last several days. This is to be expected, as the pair got a little overextended. We are looking for a retest of the 0.81 area as former resistance to become support. A bounce from that level would be a nice entry point for those of you not in this market yet. Selling isn't possible with the recent action. Originally posted here Find more information about technical analysis, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:32 PM PDT By ForexMansion.com   The GBP/USD pulled back on Wednesday, bumping off of a major resistance area, and looking to continue the recent consolidation move between 1.60 and 1.65 or so. This isn't a surprise, and it should be noted that there is still going to be a bullish bias for this pair. What we are waiting on is a cheaper price in which to buy the Pound at this point. Originally posted here Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:31 PM PDT By ForexMansion.com   The GBP/JPY fell apart on Wednesday, much like the GBP/CHF. Both are risk weighted currency pairs, and they showed it on Wednesday. The JPY has been intervened against by central banks, so to be honest, even if this chart looks ugly – we still only buy it until proven otherwise. Look for support around the 130 mark or so. Originally posted here Find more information about technical analysis, fundamental analysis and news on ForexMansion.com. About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:30 PM PDT By ForexMansion.com   The GBP/CHF fell apart on Wednesday, breaking through to new lows, and well under the 1.40 mark. This pair is a sell on the rallies pair at this point, and has been for years. The day's action only confirms this. Originally posted here Find more information about technical analysis, fundamental analysis and news on ForexMansion.com. About ForexMansion.com: The Finance Mansion Network operates global financial websites including … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:29 PM PDT By ForexMansion.com   The EUR/USD pair fell on Wednesday trading as the markets sold off in general. The risk off trade was in vogue for the period, and as such – the EUR/USD suffered. It should be noted that a significant resistance area is above as well, in the form of 1.45 – a large round number. Because of this, we may be ready for a pullback. For a while we have been advocating ignoring this pair, or at least not trading it. Too many headline risks associated with it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:28 PM PDT By ForexMansion.com   The EUR/JPY fell hard on Wednesday, as all risk assets did as well. The pair still has a ton of support below in the form of central banks, and therefore isn't to be sold. In fact, we are waiting to see what the 115 level brings. If we see support, we may just buy down there. Originally posted here Find more information about technical analysis, fundamental analysis and news on ForexMansion.com. About ForexMansion.com: The Finance Mansion Network … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:27 PM PDT By ForexMansion.com   The EUR/GBP rose on Wednesday trading but fell off of its highs. The pair seems to be struggling with the 0.88 level, and as such could pullback in the short–term. Because of this, we expect choppy range bound trading in the next couple of days. Both of these currencies are weak at the moment, and that will certainly affect the behavior of this pair. Originally posted here Find more information about technical analysis, fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:26 PM PDT By ForexMansion.com   The EUR/CHF pair fell hard on Wednesday trading down to test the all-time lows again. This pair is certainly a sell only one and all rallies should be treated with suspicion. The size of this candle suggests we are going lower, but then again – so does the trend. Originally posted here Find more information about technical analysis, fundamental analysis and news on ForexMansion.com. About ForexMansion.com: The Finance Mansion Network operates global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:26 PM PDT By ForexMansion.com   The AUD/USD fell on Wednesday as traders threw off the risk trade, and went into Treasury notes.  The move keeps the AUD/USD inside our potential flag, and could set up a down move of over 100 pips. However, it isn't wise to bet against the prevailing trend. Look for a break out of this flag, or supportive moves at the 1.05 area. Originally posted here Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical Analysis For June 2, 2011 Posted: 01 Jun 2011 05:25 PM PDT By ForexMansion.com   The AUD/NZD gained value on Wednesday but fell towards the end of the session, leaving traders with a fairly weak looking green candle. The pair looks decidedly weak, and set to move lower. A break of the 1.29 signals a move down to as far as the 1.25 in the next few weeks. A bounce here is possible, but will more than likely only be a selling opportunity. Originally posted here Find more information about technical analysis, fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For June 02, 2011 Posted: 01 Jun 2011 08:46 AM PDT By ForexMansion.com The USD/CAD pair rose on Wednesday after crude oil prices fell amid the disappointing data from the U.S. labor and manufacturing sectors, which signaled economic activities could be slowing down, and accordingly, investors shunned risky assets and headed for safety, which boosted demand for the U.S. dollar against the CAD, and accordingly, the USD/CAD pair rose to the upside. Rising pessimism in financial markets should weigh down on crude oil prices, and accordingly, put … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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