Wednesday, June 8, 2011

DailyMarkets.com - Cotton Surplus Expected This Year Unless Mother Nature Has Other Ideas

DailyMarkets.com - Cotton Surplus Expected This Year Unless Mother Nature Has Other Ideas

Cotton Surplus Expected This Year Unless Mother Nature Has Other Ideas

Posted: 08 Jun 2011 06:18 AM PDT

Today’s Idea
Cotton prices could see a spike in volatility this summer, as weather conditions will play an important role in whether global Cotton supplies will return to a surplus this year. The potential volatile trade has made Cotton option prices quite expensive, as market-markers appear unwilling to sell options “cheaply” given the potential for large price swings. Some traders who are looking to take a position in Cotton may wish to explore the sale of credit spreads in December Cotton … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 08 Jun 2011 06:16 AM PDT

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

Japanese Yen: Under Pressure

Posted: 08 Jun 2011 06:16 AM PDT

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

British Pound: The Downside Prevails

Posted: 08 Jun 2011 06:16 AM PDT

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

Euro: The Downside Prevails

Posted: 08 Jun 2011 06:16 AM PDT

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

United States Moves Toward LNG Exports

Posted: 08 Jun 2011 06:11 AM PDT

United States Moves Toward LNG Exports
by Tony D'Altorio, Investment U Research
Wednesday, June 8, 2011
Just a few short weeks ago, the natural gas market saw a jump up in prices to 10-month highs. The reason for this sudden jolt higher was the announcement that the United States had authorized its first big export project for liquefied natural gas (LNG).
The U.S. Department of Energy authorized Cheniere Energy (AMEX: LNG) to export LNG from its Sabine Pass terminal. Sabine Pass is the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Lowers Nokia’s Credit Rating

Posted: 08 Jun 2011 06:06 AM PDT

Yesterday, Nokia Corp. (NYSE:NOK) suffered a setback as Fitch Ratings downgraded its debt rating by two notches. Fitch downgraded Nokia's long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BBB+'. The rating agency also downgraded Nokia's long-term IDR outlook to negative. At present, Nokia is just one notch above the junk category issued by Fitch Ratings.
The primary reason for this rating downgrade is an unexpected announcement by Nokia last week in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABB In Bangladesh

Posted: 08 Jun 2011 06:06 AM PDT

ABB Ltd (NYSE:ABB) will be supplying a turnkey electrical balance of plant solution including a132 kilovolt (kV) substation to support a 360 megawatt (MW) power plant in Bangladesh. The contract was received from the Hyundai Engineering & Construction Company. The Electricity Generation Company of Bangladesh (EGCB), an enterprise of the Bangladesh Power Development Board (BPDB), owns and operates the plant.
The power plant and substation is to be built in Haripur on the outskirts of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

It’s All About The Economy

Posted: 08 Jun 2011 06:06 AM PDT

The downbeat market sentiment reflects concerns about the near-term growth outlook. And these concerns are hardly unfounded, as shown by a slew of recent readings of the economy. From housing to manufacturing and labor market to consumer confidence, we see a decelerating and softening momentum taking hold.

This has resulted in downward adjustments to second quarter GDP growth estimates in recent days from the over-3% level to the 2% to 2.5% range. But expectations for the second half of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 08 Jun 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9811, up 0.67% at time of writing.<br/><br/> The pair was likely to find support at 0.9732, Tuesday&rsquo;s low, and resistance at 0.9852, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.54% to hit 1.4611 and GBP/USD falling 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR Pressured By German Insistence On Extending Greek Maturities

Posted: 08 Jun 2011 05:59 AM PDT

Greek debt worries crept back into the spotlight mid-week as we had Germany insisting that any deal with Greece includes some extension of maturities.
This is at odds with what the ECB wants in that they are seeking by all means to avoid a "credit event" – one in which credit rating agencies feel that Greece has met the technical definition of default.

From MarketWatch:
"German Finance Minister Wolfgang Schaeuble sent a letter on Tuesday to euro-zone members insisting that private … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Tests Its Trendline Support

Posted: 08 Jun 2011 05:53 AM PDT

The GBPUSD is testing the trendline support at the 1.6353 level. A break below targets the 1.6323 level and then the 1.6284. Above the 100 hour MA has contained the topside and keeps the pressure on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Remains Pressured And Breaks Below Consolidation Zone

Posted: 08 Jun 2011 05:41 AM PDT

GBP/JPY Breaks Channel Support and Stalls, Has 130.30, 129 and 128.10 in Sight (6/2)
GBP/JPY

Short-Term to Medium-Term
- The GBP/JPY has been in sideways action since a decline last week that broke below a rising channel (seen in the 4H chart). The 1H chart shows the pair now breaking below a recent consolidation zone. The RSI never broke above 70 and now is breaking below 30. It may be resuming the downtrend.
- The 4H chart shows a near-term support at 130.30. The daily chart shows a swing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Looks To Test The 100 Hour MA/trendline At 1.4587

Posted: 08 Jun 2011 05:37 AM PDT

The EURUSD is looking toward the key support against the 1.4587 level where the 100 hour MA and the trendline off the low at May 26th.  I would expect buyers against the level on the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Nordstrom

Posted: 08 Jun 2011 05:36 AM PDT

We maintain our long-term 'Neutral' recommendation on Nordstrom Inc. (NYSE:JWN). Nordstrom is a leading fashion specialty retailer in the U.S., offering high quality apparel, shoes, cosmetics and accessories for men, women and kids. The company offers both branded and private label merchandise, which are positioned in the upscale segment of the industry and targeted toward the aspiring middle class.
Moreover, Nordstrom is one of the leading players in the extremely fragmented specialty retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSIQ’s New Solar Cell Technology

Posted: 08 Jun 2011 05:25 AM PDT

Canadian Solar Inc. (NASDAQ:CSIQ) has introduced a new ELPS solar cell technology that will provide monocrystalline solar cells efficiency of up to 19.5% and polycrystalline cell efficiency of up to 18%.
The new ELPS solar cells are expected to be in production process. Canadian Solar expects to start shipping solar modules while incorporating the new technology in the fourth quarter of 2011. The ELPS solar cells and a CS6P module with these cells will be introduced during INTERSOLAR Europe 2011 in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Housing Starts Rise Less-than-expected

Posted: 08 Jun 2011 05:25 AM PDT

Forex Pros – Canadian housing starts rose less-than-expected last month, official data showed on Wednesday.<br/><br/>In a report, Canadian Mortgage and Housing Corporation said that Canadian housing starts rose to a seasonally adjusted annual rate of 184K, from 179K in the preceding month.<br/><br/>Analysts had expected Canadian housing starts to rise to 185K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 08 Jun 2011 05:25 AM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of Canadian data on Housing Starts.<br/><br/> USD/CAD was trading at 0.9808, up 0.64% at time of writing.<br/><br/> The pair was likely to find support at 0.9732, Tuesday&rsquo;s low, and resistance at 0.9852, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian housing starts rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Off Theme Dominates In Asia And Europe Post Bernanke

Posted: 08 Jun 2011 05:24 AM PDT

Yesterday's performance by Fed Chairman Bernanke highlighted the slowdown to the US economy and that sustained monetary policy will be needed in order to help prop up an economy that should return to faster growth in the 2nd half of the year.
From Bloomberg: ""The economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed," Bernanke said yesterday in a speech in Atlanta. At the same time, the Fed "will take whatever … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 08 Jun 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Wednesday.<br/><br/> EUR/GBP was trading at 0.8934, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 0.8847, Friday&rsquo;s low, and resistance at 0.8976, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.44% to hit 1.4627 and EUR/JPY falling 0.81% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD’s Head And Shoulder Leads To A Channel Breakout; ECB Risk Event Suggests Correction

Posted: 08 Jun 2011 04:41 AM PDT

EUR/USD Surges on After Resolving Double Top…(6/7)
EUR/USD

Short-Term- The EUR/USD has flattened out with the ECB meeting looming tomorrow. The 1H chart shows a head and shoulder, which led to a channel breakout to the downside.
- This decline resolved a bearish divergence with the RSI. The reading is also below 40, indicating a lost of bullish momentum in the short-term.
- A break below 30 would establish some bearish momentum, but it can also reflect a shift into a ranging mode in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 08 Jun 2011 04:30 AM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Wednesday.<br/><br/> GBP/CHF was trading at 1.3686, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.3618, Friday&rsquo;s low, and resistance at 1.3804, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.43% to hit 1.6374 and EUR/GBP rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Risk-Aversion Grips Overnight Session After Bernanke Commentary

Posted: 08 Jun 2011 04:29 AM PDT

The safe haven currencies rose across the board in the overnight and their gains accelerated before the North American session as Federal Reserve Chairman Ben Bernanke's commentary at the end of the day on Tuesday spooked investors amid a weaker growth outlook in the near-term for the world's largest economy.
The Euro-Dollar fell from a near-four-week high as the markets continued to grapple with the Federal Reserve Chairman's speech, in which he suggested that "[t]he [Federal Open ... [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 08 Jun 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0603, down 1.10% at time of writing.<br/><br/> The pair was likely to find support at 1.0589, today&rsquo;s low, and resistance at 1.0775, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.63% to hit 1.3790 and AUD/JPY falling 1.47% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How Will Your Company Handle Obamacare?

Posted: 08 Jun 2011 03:57 AM PDT

What issue in our nation generates the strongest personal reaction?
1. Economy
2. Education
3. Deficit
4. Healthcare
5. Employment
While my poll is entirely unscientific and my answer is my own opinion, I STRONGLY believe that the topic of healthcare generates the strongest reaction of any issue facing our nation. Why? It's personal nature, that is, "if you do not have your health, then what else really matters". 
With the healthcare landscape poised to change rather dramatically … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CHF Possible Resistance @ .83765

Posted: 08 Jun 2011 03:27 AM PDT

The pair has been in a tight range this session after testing the 100 hour moving average at the end of yesterday's trading day. Since then the pair has not been able to trade higher through the 23.6% line; additional resistance added by the 100 hour moving average which also comes in at this .83765 level. A push higher could see trading back towards the .8400 handle, but if resistance holds we look to .83257 as the bottomside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 08 Jun 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8367, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.8328, Tuesday&rsquo;s low, and resistance at 0.8446, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.27% to hit 1.4652 and USD/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down On Economic Data

Posted: 08 Jun 2011 02:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of euro zone data on GDP.<br/><br/> EUR/USD was trading at 1.4670, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4452, Friday&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Gross domestic product in the euro zone rose to a seasonally adjusted 0.8% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In European Trade

Posted: 08 Jun 2011 02:30 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 79.90, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 79.75, today&rsquo;s low, and resistance at 80.89, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.27% to hit 1.4652 and GBP/USD falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone GDP Rises

Posted: 08 Jun 2011 02:15 AM PDT

Forex Pros – Gross domestic product in the euro zone rose in the last quarter, official data showed on Wednesday.<br/><br/>In a report, Eurostat said that GDP rose to a seasonally adjusted 0.8%, from 0.8% in the preceding quarter.<br/><br/>Analysts had expected GDP to rise 0.8% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone GDP (q/q) 0.8% As Expected.

Posted: 08 Jun 2011 02:01 AM PDT

Euro a bit firmer following the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In European Trading Hours

Posted: 08 Jun 2011 01:55 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4653, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4452, Friday&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8952 and EUR/JPY falling 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The European Session

Posted: 08 Jun 2011 01:10 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6385, down 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, Friday&rsquo;s low, and resistance at 1.6473, Tuesday&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 0.8953 and GBP/JPY falling 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Mixed At Close; Nikkei Up 0.07%

Posted: 08 Jun 2011 12:00 AM PDT

Forex Pros – Asian stocks were mixed after the closing bell on Wednesday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index rose 0.07%, Australia&rsquo;s S&P/ASX 200 index shed 0.58%, while Hong Kong&rsquo;s Hang Seng Index was trading 1.02% down.<br/><br/> Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.13%, S&P 500 futures pointed to an increase of 0.13% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dave Skarica: Gold To $10,000?

Posted: 07 Jun 2011 11:25 PM PDT

Dave Skarica discusses a few different reasons why gold could reach $10,000 an ounce, including money printing by the Fed and reaching a Dow to Gold ratio of 1 to 1 to complete the bull market.  He is also bearish on the stock market for the near term, and sees a pullback in commodities.

Gold could hit in the $10,000 range says David Skarica, Editor of the Gold Stock Adviser newsletter. Skarica contends we&amp;amp;amp;amp;amp;rsquo;re in a correction phase with commodities and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Positioned For Losses, Gold Outlook Still Clouded

Posted: 07 Jun 2011 11:16 PM PDT

Commodities – Energy
Crude Oil Positioned to Decline on Risk Aversion
WTI Crude Oil (NY Close): $99.09 // +0.08 // +0.08%
Broadly speaking, crude oil positioning is little changed over the past two weeks, with prices carving out a triangle chart formation below $103.30. The setup is typically indicative of trend continuation, which argues for losses in this case considering the WTI contract entered consolidation following a sharp decline. Although crude remains closely correlated with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Jabil Circuit (JBL)

Posted: 07 Jun 2011 11:05 PM PDT

We upgrade our recommendation on Liberty Global, Inc. (NASDAQ:LBTYA) to Outperform, backed by the company’s excellent financial results for the first quarter of 2011. Long-term potential of Liberty Global is visible now after its decision to acquire the third-largest cable operator in Germany, Kabel Baden.
Western Europe became an extremely lucrative segment for the cable operators. These markets witnessed growing demand for pay-TV services coupled with triple-play bundled services that combine … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: TransCanada Corp.

Posted: 07 Jun 2011 11:05 PM PDT

Investors looking to add some safety to their portfolio amid the recent market weakness may want to consider TransCanada Corp. (NYSE:TRP).
The company pays a dividend that yields a strong 3.9%, and estimates have been moving higher since it reported solid Q1 results in late April. It is a Zacks #1 Rank (Strong Buy) stock.
Company Description
TransCanada Corp. is an energy company focused on natural gas transmission and power services. It currently transports around one-fifth of all natural gas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Ancestry.com, Inc.

Posted: 07 Jun 2011 11:05 PM PDT

Ancestry.com, Inc. (ACOM) has been trading strong for the last year, recently spiking into a new all-time high after reporting a 12.5% Q1 earnings surprise. With estimates on the rise and a bullish 25% growth projection, this Zacks #1 rank stock has a bullish lineage.
Company Description
Ancestry.com operates as an online resource for family history worldwide. The company was founded in 1983, changed its name from The Generations Network in 2009 and has a market cap of $1.66 billion.
ACOM has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Electro Scientific Industries

Posted: 07 Jun 2011 11:05 PM PDT

Electro Scientific Industries, Inc. (NASDAQ:ESIO) is expecting a strong fiscal year and analysts agree. Estimates are on the rise after the latest earnings surprise, pushing shares to a Zacks #1 Rank (Strong Buy).
Company Description
Electro supplies laser-based manufacturing solutions for the microtechnology market for precise structuring and testing in semiconductors and other components.
Top Line Jumps 72%
Electro reported fourth-quarter and full-year results on May 10 and they included and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: HDFC Bank, Ltd.

Posted: 07 Jun 2011 11:05 PM PDT

HDFC Bank, Ltd.’s (NYSE:HDB) fiscal fourth quarter 2011 (ended March 31, 2011) net earnings were up 33.2% year over year. However, higher operating expenses were among the negatives. The company is still exposed to the threat related to higher cost of funds. Also, growing competition in the retail space with the re-entry of peers is a future concern.
Most of Indian banks are expected to encounter higher costs of funds as they have to raise deposit rates to meet increasing loans demand. This will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 07 Jun 2011 10:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4676, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4452, Friday&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8934 and EUR/JPY falling 0.14% 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: 07 Jun 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6422, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, Friday&rsquo;s low, and resistance at 1.6473, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8933 and GBP/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Tuesday, June 7, 2011

Posted: 07 Jun 2011 10:05 PM PDT

There are no ‘Stock Focus List’ rating changes today. 1 out of the 10 stocks on our focus list is rated bullish (VECO) in the short term. 3 out of the 10 stocks on our stock focus list are rated bullish (LULU, MELI, VECO) in the long term. Our stock market direction long term outlook changed to ‘bearish’ from ‘bullish’ today. The outlook is: (1) short term: bearish; (2) long term: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 07 Jun 2011 09:55 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.2273, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.2108, Friday&rsquo;s low, and resistance at 1.2313, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.4664 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Home Loans Rise More-than-expected

Posted: 07 Jun 2011 09:45 PM PDT

Forex Pros – The number of new home loans granted in Australia rose more-than-expected last month, official data showed on Wednesday.<br/><br/>In a report, Australian Bureau of Statistics said that Australian home loans rose to a seasonally adjusted 4.80%, from -1.50% in the preceding month.<br/><br/>Analysts had expected Australian home loans to rise 2.30% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade

Posted: 07 Jun 2011 09:45 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on Home Loans.<br/><br/> AUD/USD was trading at 1.0666, down 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.0596, Friday&rsquo;s low, and resistance at 1.0775, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The number of new home loans granted in Australia rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During Asian Trade

Posted: 07 Jun 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8370, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8328, Tuesday&rsquo;s low, and resistance at 0.8446, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.24% to hit 1.4656 and USD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session

Posted: 07 Jun 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Wednesday.<br/><br/> EUR/GBP was trading at 0.8927, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8847, Friday&rsquo;s low, and resistance at 0.8946, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.24% to hit 1.4655 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 07 Jun 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 79.95, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 79.75, today&rsquo;s low, and resistance at 80.89, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.4664 and GBP/USD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours

Posted: 07 Jun 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9784, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 0.9732, Tuesday&rsquo;s low, and resistance at 0.9852, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.24% to hit 1.4656 and GBP/USD falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ayala Land, Inc. (ALI) Target Price

Posted: 07 Jun 2011 08:02 PM PDT

Ayala Land, Inc. (ALI)
Consensus Target Price: PHP 19.70

Firm
Analyst
Target Price
Date Released

Deutsche Bank
Sy
17.82
5/30/2011

Kim Eng Securities
Nerecina
18.71
5/16/2011

Credit Suisse
Narvaez
20.32
5/13/2011

Phil. Equity Partners
Velasco
18.08
5/12/2011

CitisecOnline
Laneda
19.75
5/12/2011

JPMorgan
Lopez
23.50
5/11/2011

 
*Target Price is set at 6 to 12 months from release.
*Data taken from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Wednesday 08 June

Posted: 07 Jun 2011 07:55 PM PDT

Singapore market is on downward pressure after US market finished in red. We will expect choppy market ahead but good support at 3100. Recovery “uneven” quoted by Ben Bernanke, stating from the point of view of the unemployed and the economy is going “frustratingly slow”.

No short trade positions

Mid term trading

Straits Asia enter 2.95 Sl 2.43

Jardine Cycle & Carriage enter 40.70 SL … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 07 Jun 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4656, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4452, Friday&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8932 and EUR/JPY falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Nose Knows

Posted: 07 Jun 2011 06:41 PM PDT

Something seems to happen to people once they get to Washington — or is it before?

Yeah, they sure do like to tell porkies in that part of the country, as a commentary from TheStreet’s John DeFeo,”10 Myths That Politicians Want You to Believe,” will attest:
The financial system is on the brink of collapse after trillions in bad loans were issued by greedy bankers. If you were a U.S. political figure, would you:
A.) Tell everyone to suck a lemon, and (maybe) let the economy implode.
B.) Fire … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade

Posted: 07 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Wednesday.<br/><br/> EUR/JPY was trading at 117.19, down 0.40% at time of writing.<br/><br/> The pair was likely to find support at 115.93, Friday&rsquo;s low, and resistance at 117.89, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.19% to hit 1.4663 and EUR/GBP falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 07 Jun 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.<br/><br/> GBP/JPY was trading at 131.77, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 130.68, Friday&rsquo;s low, and resistance at 132.44, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.06% to hit 1.6435 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Job Layoffs In April Fall To Record Low

Posted: 07 Jun 2011 05:26 PM PDT

According to today’s BLS report on Job Openings and Labor Turnover, job layoffs and discharges fell to 1.5 million in April, the lowest level since the BLS started tracking “involuntary separations” in 2001 (see chart above).  This is a positive sign that the labor market is gradually stabilizing as job layoffs are becoming much less frequent, and are in fact now way below the pre-recession average of almost 2 million when the jobless rate averaged 5.5 percent.  Read more here at The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jamie Dimon’s Bizarre Idea About Why The Recovery Has Stalled

Posted: 07 Jun 2011 05:07 PM PDT

According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation.
I'm not making this up.
At a financial conference today, Dimon told Fed chief Ben Bernanke there's no longer any reason to crack down on Wall Street. "Most of the bad actors are gone," he said. "[O]ff-balance-sheet businesses are virtually obliterated, … money market funds are far more transparent" and "most very exotic derivatives are gone."
Dimon said he worried that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 11:02 AM PDT

By ForexMansion.com

 
The USD/JPY fell after rising slightly during Tuesday trading. The pair looks absolutely horrible at the moment, but the 80 level that it currently sits on should be a major area. If we break below, there will certainly be the fear of central bank intervention, and sellers will bail at the first hint of it. Because of this, it is going to be very difficult to sell this pair. Of course, with as weak as it is – it's hard to buy it as well.

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

USD/CHF Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 11:01 AM PDT

By ForexMansion.com

 
The USD/CHF rose on Tuesday, but fell back towards the end of the day as traders took profits gained over the last 12 hours or so. This shows how weak the underlying bullishness is for the pair. It only confirms our "sell the rallies" thoughts, and that the Franc will continue to appreciate against the Greenback.

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 June 8, 2011

Posted: 07 Jun 2011 11:00 AM PDT

By ForexMansion.com

 
The USD/CAD markets fell on Tuesday, and remain under the all-important trend line that has kept the trend firmly down lately. Because of this, we still feel that this bear market should continue, but have to admit that we are surprised by the USD's stubbornness against that Loonie. Until we get a break of 0.97, we aren't looking to do much. Below that – we are sellers.

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

NZD/USD Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:59 AM PDT

By ForexMansion.com

 
The NZD/USD pair rose quite strongly during the Tuesday trading session, and looks to continue its strong run northward as the Kiwi gets bid up. The USD is weak, so this is a "double whammy" for this pair. We are not sellers of this pair, and look to buy on dips. Any pullbacks are simply invitations to buy more.

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

GBP/USD Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:56 AM PDT

By ForexMansion.com

 
The GBP/USD found a bid on Tuesday as the USD fell against most other currencies. The truth is that the Pound isn't that great – it's just that the Dollar is that bad. Look for overhead resistance at the 1.65 area, and that the area will produce some kind of trade signal. Until we get there – we are simply watching.

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

GBP/JPY Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:55 AM PDT

By ForexMansion.com

 
The GBP/JPY bounced from the all-important 131 line on Tuesday, and looks ready to continue to consolidate between 131 and 134 or so. Because of this, we are bullish for the very short-term. The pair could chop a lot, and all trades should be of the short-term nature.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a part of the Finance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:52 AM PDT

By ForexMansion.com

 
The GBP/CHF rose on Tuesday trading, and bounced all the way back to 1.38 or so. The market sold off in the late hours a bit, showing how quick the bulls will more than likely give up when they hit serious resistance. Because of this – we are simply waiting for a nice rally to sell, perhaps at 1.38 or 1.40 round number 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

EUR/USD Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:51 AM PDT

By ForexMansion.com

 
The EUR/USD rose during the Tuesday session, breaking above the 1.4650 resistance areas, and look set to run back to 1.48 before it is all said and done. However, this pair has major headline risk, and therefore could continue to suffer sharp moves due to announcements and situations arising from the Greek debt problems. Because of this we are bullish, but only for short-term trades.

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/JPY Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:50 AM PDT

By ForexMansion.com

 
The EUR/JPY rose on Tuesday, as the Yen got sold off against many currencies around the world. The pair still looks bullish, and the central banks are below – liking that a lot. The 117 has been cleared, and should pave the way to 120 before it is all said and done. We like buying dips.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:49 AM PDT

By ForexMansion.com

 
EUR/GBP continues to rise during the Tuesday session, further stretching out the parabolic tone of the chart. The pair is overbought by anyone's metrics now, and should be winding up for a fall. The 0.89 area seems to be providing a little bit of resistance, and the pair could retrace. However, we aren't looking to short this most recent strong bullish move as the strength foretells strength in the overall market.

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 June 8, 2011

Posted: 07 Jun 2011 10:48 AM PDT

By ForexMansion.com

 
The EUR/CHF pair had a fairly bullish day on Tuesday as it ran back to the 1.23 handle. This is the top of a recent consolidation range, and could signal more sellers jumping into the market. However, until we get a clear signal, this would only be speculation at best. Because of this, we are looking for weakness to sell. The pair is still decidedly bearish, and selling the rallies will be the way to go for quite some time.

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

AUD/USD Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:47 AM PDT

By ForexMansion.com

 
The AUD/USD pair has retried the top of our potential flag, and it looks like the area is going to be supportive. The pair formed a bullish hammer at that level at the end of the trading session, and it seems that the 1.07 should continue to be supportive for the Aussie. With gold rising lately, this will certainly support the Aussie as well. We are not sellers until much, much, much lower levels than here. A break of the Tuesday highs signals more buying … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical Analysis For June 8, 2011

Posted: 07 Jun 2011 10:47 AM PDT

By ForexMansion.com

 
The AUD/NZD fell Tuesday, but bounced from the 1.30 support level. None-the-less, the pair looks extraordinarily weak as the bounce has been so small. A daily close below 1.30 gets us selling this pair. Until then we are cautiously bearish.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a part of the Finance Mansion Network which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment