Friday, June 10, 2011

DailyMarkets.com - Dow Chemical Redeems Notes

DailyMarkets.com - Dow Chemical Redeems Notes

Dow Chemical Redeems Notes

Posted: 10 Jun 2011 07:40 AM PDT

The Dow Chemical Company (NYSE:DOW) recently announced to redeem notes through a call option. The notes amounting to $6.775 million carry a coupon rate of 3.9% and are due on June 15, 2015. The amount redeemed will be 100% of the remaining amount. The date of settlement is on June 15, 2011.
Recently, Dow reported its first-quarter 2011 earnings results. The company earned $0.82 per share in the first quarter of 2011, ahead of the Zacks Consensus Estimate of $0.67 as well as last year's $0.43. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terex’s Demag Offer Expires June 30

Posted: 10 Jun 2011 07:35 AM PDT

Terex Corp (NYSE:TEX) remains firm on its stand that its 883.9 million euros ($1.3 billion) or 41.75 euros per share offer for Demag Cranes AG will expire on June 30 if the minimum acceptance threshold of 51% of by Demag shareholders is not satisfied.
On May 31, 2011, Demag had rejected Terex's offer on grounds of the offer being too low, accompanied with a lack of transparency by Terex as to its future plans for Demag. Demag recently raised its guidance for the fiscal year ending September … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Growing Need For Cyber Security

Posted: 10 Jun 2011 07:13 AM PDT

The Growing Need for Cyber Security
by Tony D'Altorio, Investment U Research
Friday, June 10, 2011
There have been a number of shocking events over the past year and a half in the world of cyber security.
Some of the events include: mass breaches of consumer information at Sony (NYSE:SNE) and elsewhere, the Stuxnet worm's stealthy attack on the Iranian nuclear program, the security breach at defense contractor Lockheed Martin (NYSE:LMT) and the Chinese electronic break-in at Google … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VMware Partners Hitachi

Posted: 10 Jun 2011 07:05 AM PDT

VMware Inc.(NYSE:VMW) and Hitachi Ltd (NYSE:HIT) entered into a strategic partnership to enable Hitachi to provide cloud-based services to financial institutions across Asia. These institutions will now be in a position to adopt the virtualized infrastructure that simplifies infrastructural management and improves business capability in a secure and efficient cloud-based environment.    
VMware and Hitachi will also combine their technical know-how and marketing initiatives for this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Cracking A Rising Trendline

Posted: 10 Jun 2011 07:05 AM PDT

Can USD/CAD Confirm a Head and Shoulder Formation? (6/7)
USD/CAD

Short-Term- The USD/CAD pair has been choppy, but bullish. It has been attempting to reach the parity level, but the latest resistance was at 0.9850.
- We have a 61.8% retracement and the market is being held near the last 0.9730 low.
- In the daily chart, the USD/CAD has established an inverted head and shoulder. However if the 0.9685 pivot breaks. If the channel is broken, and 0.9685 is broken, it is likely the market will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Lacks Conviction

Posted: 10 Jun 2011 07:00 AM PDT

Friday, June 10, 2011
With the economic calendar on the thin side, stocks will likely struggle to sustain Thursday's surprise gains.
Growth concerns remain behind the ongoing market weakness, which has kept stocks in the red over the last few weeks. Other than pure bargain hunting, I don't see any catalyst that can help reverse this trend in the coming days.
Beyond the summer doldrums however, the outlook is not so glum. The earnings picture remains robust, though we have to wait another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Introduces 1st Hybrid Minivan

Posted: 10 Jun 2011 07:00 AM PDT

Ford Motor Co. (NYSE:F) recently announced the introduction of a smaller, five passenger hatchback version of the C-Max Energi minivan, after canceling its plan to re-enter the minivan market in U.S. C-max Energi will only be available in hybrid versions when it rolls out next year in U.S. The venture will be Ford's first hybrid-only version, which offers fuel-efficiency to customers.
According to the company, C-max Energi scores over seven-passenger Grand C-max, which it plans to import from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rating Upgraded, Neutral On GGB

Posted: 10 Jun 2011 06:59 AM PDT

We recently upgraded our recommendation on Gerdau S.A. (NYSE:GGB) from Underperform to a Neutral rating.
Gerdau is one of the leading steel producing companies in the world, operating primarily in South America, North America, Europe and Asia. It produces steel mostly through its mini-mills and distributes steel products through its own network of commercial branches in Brazil.  
With the gradual revival of global economy, capital spending in manufacturing and construction industry is on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests The 38.2% Target At The 1.4417 Level.

Posted: 10 Jun 2011 06:50 AM PDT

As per the prior post, the target below for the EURUSD is the 1.4417 level where the 38.2% of the move up from the May low to the June high is found. Look for profit taking buyers against the level with stops on a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 10 Jun 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.8253, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.8120, Monday&rsquo;s low, and resistance at 0.8301, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.49% to hit 1.2818 and EUR/NZD falling 0.66% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Should Seller Be Responsible For Title On His House In Raleigh NC?

Posted: 10 Jun 2011 06:43 AM PDT

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


C.R. Bard Boosts Dividend

Posted: 10 Jun 2011 06:36 AM PDT

Leading medical devices maker C.R. Bard (NYSE:BCR) has raised its quarterly dividend by a penny to 19 cents per share, representing a roughly 6% growth. This lifts the annual dividend to 76 cents per share from the current payout of 72 cents.
The revised quarterly dividend is payable on August 5, 2011, to shareholders of record as on July 25, 2011. The company's previous dividend increase was in June 2010, when it raised the quarterly payout by 6% to 18 cents.
C.R. Bard remains successful in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Pressured As Germany And ECB At Odds Two Weeks Prior To EU Summit

Posted: 10 Jun 2011 06:31 AM PDT

With a deadline looming of June 24-25 – the next EU Summit – to patch together a second bailout for Greece, we continue to see differences between Germany and the ECB.
The German Finance Minister Wolfgnag Schaeuble continued to insist today that private sector participation was necessary,  and he has called for Greek bondholders to extend the maturities of their debt by seven years to give Greece more time to cut its debt and budget deficit.
From Bloomberg: "Participation of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Third Consecutive Bearish Day

Posted: 10 Jun 2011 06:28 AM PDT

EUR/USD (daily chart) as of Friday (6/10/2011) has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness now constitutes a bonafide breakdown of the steep uptrend that has been in place since late May. A key downside support target on this breakdown resides around the 1.4250 price region, which is not only an important prior support/resistance level, but also the 61.8% Fibonacci retracement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 10 Jun 2011 06:25 AM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2174, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.2162, Monday&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 0.37% to hit 1.4456 and EUR/JPY falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD To Complete Wave A In A Correction

Posted: 10 Jun 2011 06:18 AM PDT

Setups and Breakouts after a Day the Risk Events (6/9 Video)
Euro Pressured as Germany and ECB at Odds…(6/10 Nick Nasad, Chief Market Analyst)
EUR/USD

Short to Medium-Term- After Trichet's hawkish signal for a July hike, the market sold the fact and the EUR/USD is now down about 250 pips from 1.47 to 1.4450.
- The correction has retraced 61.8% of the rally from 1.43 to 1.47.
- Also notice the 5-wave decline that looks like an impulse wave. If we get a rally from this 1.4450 area, we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corn And Soybeans Moving In Opposite Directions?

Posted: 10 Jun 2011 06:18 AM PDT

Today’s Idea
Front month Corn futures reached a record high on Thursday, as it appears that Corn supplies will remain very tight going into harvest this season, with some concerns that a late harvest could drawdown old-crop supplies to an extreme level. Given this potential scenario, some traders may wish to explore buying September Corn and selling new-crop December Corn. As of this writing, the September Corn futures are trading at a 42 cent premium to the December futures. Traders who choose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 10 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: 10 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: 10 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: 10 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

Ackman Beats Peltz At Family Dollar

Posted: 10 Jun 2011 06:11 AM PDT

According to the Associated Press, in a recent turnaround, William Ackman evolved as the largest shareholder of Family Dollars Stores Inc. (NYSE:FDO), surpassing Nelson Peltz's stake.
Ackman and his Pershing Square Capital Management LP, at present owns approximately 8.9% stake in the self-service retail discount store chains. Prior to it, Pershing Square had around 4.7% stake in the company.
Ackman's recent disclosure takes him above Nelson Peltz’s Trian Fund Management LP, who earlier had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Lacks Conviction

Posted: 10 Jun 2011 06:11 AM PDT

Friday, June 10, 2011
With the economic calendar on the thin side, stocks will likely struggle to sustain Thursday's surprise gains.
Growth concerns remain behind the ongoing market weakness, which has kept stocks in the red over the last few weeks. Other than pure bargain hunting, I don't see any catalyst that can help reverse this trend in the coming days.
Beyond the summer doldrums however, the outlook is not so glum. The earnings picture remains robust, though we have to wait another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Lacks Conviction

Posted: 10 Jun 2011 06:11 AM PDT

Friday, June 10, 2011
With the economic calendar on the thin side, stocks will likely struggle to sustain Thursday's surprise gains.
Growth concerns remain behind the ongoing market weakness, which has kept stocks in the red over the last few weeks. Other than pure bargain hunting, I don't see any catalyst that can help reverse this trend in the coming days.
Beyond the summer doldrums however, the outlook is not so glum. The earnings picture remains robust, though we have to wait another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rogers To Launch LTE In 2011

Posted: 10 Jun 2011 06:11 AM PDT

Rogers Communications Inc. (NYSE:RCI), the largest cable MSO of Canada, will launch its first next-generation (4G) super-fast LTE (Long-Term Evolution) network in Ottawa, in the third quarter of 2011. LTE network will expand into another 25 cities ofCanada in 2012. Rogers is yet to disclose the initial speed and pricing of its LTE network. Rogers selected LM Ericsson AB (NASDAQ:ERIC) to supply infrastructure equipments for its upcoming LTE networks.
The wireless operation is becoming the largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JDS Uniphase To Underperform

Posted: 10 Jun 2011 06:11 AM PDT

We downgrade our recommendation on JDS Uniphase Corp. (NASDAQ:JDSU) to Underperform.  Recent trend of the optical component industry is indicating a glut of inventory on the part of the telecom carriers. Major telecom carriers are making inventory correction and this scenario may continue till the end of 2011. Several industry players estimated that demand from the largest emerging market of China will not meet expectations. JDS Uniphase is highly dependent on China since the developed western … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brown-Forman’s Profit Surges

Posted: 10 Jun 2011 06:11 AM PDT

Brown-Forman Corp. (BF.B) recorded fiscal 2011 fourth-quarter earnings of $1.13 a share compared with 49 cents a share in the year-ago quarter. The Zacks Consensus Estimate for the quarter was 64 cents a share.
The robust increase in quarterly earnings was primarily driven by strong top-line growth and improved margin along with benefit from sale of Hopland based wine business and low tax rate.
Quarterly Details
Brown-Forman’s net sales recorded a growth of 8.0% to $791.3 million from $733.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: BJ’s Wholesale Club, Concho Resources, Walt Disney Company, Elan, Plc, Hanesbrands, HLS Systems International, Ltd., Macy’s Inc, Medicines Company, 3M Company, NASDAQ OMX Group, J.M. Smucker Company, Titan Machinery, UBS AG

Posted: 10 Jun 2011 06:11 AM PDT

    On Thursday, 3M Company (NYSE:MMM) said it has concluded an agreement to buy manufacturer of quick cure, aircraft sealants Advanced Chemistry & Technology. The acquisition will enhance and expand 3M’s product availability in the aerospace market

    Evergreen Energy Inc. (EEE) said it has completed the formation of its venture with Australian listed mineral resources company WPG Resources. K-Fuel is Evergreen’s coal upgrading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Back Below Last Friday’s Low To 1.6285

Posted: 10 Jun 2011 06:04 AM PDT

Through Thursday the GBPUSD was threatening to post the lowest week Low to High trading range since the June 10th, 2007 week.  The 4 year record was not meant to be broken this week and in the Far East session the price had extended the range.  The price was given an additional push lower on the back of weak Manufacturing data this morning, making a BOE rate hike less likely.
The pair did have a correction off the lows that has seen the pair extend to the 38.2% retracement at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In European Trading Hours

Posted: 10 Jun 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.<br/><br/> USD/CAD was trading at 0.9725, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.9713, today&rsquo;s low, and resistance at 0.9821, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Loonie Rallies Across Board As Canadian Labor Market Adds Jobs In May

Posted: 10 Jun 2011 05:43 AM PDT

The Canadian Dollar rallied after the jobless rate in the world's eleventh largest economy unexpectedly declined to 7.4 percent as the Canadian labor added more jobs than expected in May. Indeed, the rise of 22.3K jobs in May not only beat expectations, but denoted an important shift between full-time and part-time employment: full-time employment increased by 32.9K while part-time employment decreased by 10.6K.
Following the release, in the minutes after, the Canadian Dollar rallied across … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Keeps Bearish Bias In Early NY Trade

Posted: 10 Jun 2011 05:37 AM PDT

The correction off the double bottom extended up to the 38.2% of the days range and trendline resistance (see chart above) and stalled. The price is back below this level and the 100 bar MA on the 5 minute chart (at the 1.4475 level), and looks toward the day and week low at 1.4442. A move below this level is needed to keep the bears in play and motivated.
The key target on the downside for today is the 38.2% of the move up from the May low to the high reached earlier this week at 1.4695. That … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UK Manufacturing Output Grim In April, Pound Sold

Posted: 10 Jun 2011 05:37 AM PDT

The UK Pound has been mainly trading on the back of the moves in the Euro, climbing against the USD when the EUR was higher and there was risk appetite, and falling when sovereign debt concerns rose and risk appetite was weak.
Today, we saw some UK fundamentals that gave the GBP/USD its own impetus and it was a negative one. Manufacturing output for the 1st month of the 2Q was deeply negative, sliding at its fastest pace in 2 years.
Manufacturing production declined 1.5%, sharply lower than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Tests Wedge Pattern Support

Posted: 10 Jun 2011 05:20 AM PDT

EUR/JPY

Short-term
- The EUR/JPY is now testing a rising wedge support. The 4H chart also shows the momentum returning to 40 after kissing 70. This shows the market momentum still has a chance to be bullish, but if the RSI falls below 40, it is more likely that the market is remaining in ranging mode, and without bullish bias.
- This means a decline back towards 114.00, and 113.45 is in sight.
- The 1H chart shows the current decline at a channel support. This came in a 5-wave down, but they … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 10 Jun 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Friday after the release of U.K. data on Industrial Production.<br/><br/> EUR/GBP was trading at 0.8880, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8847, Thursday&rsquo;s low, and resistance at 0.8976, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Industral production in the U.K. fell to a seasonally adjusted -1.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Shows Bullish Reaction After A Harmonic Retracement

Posted: 10 Jun 2011 04:45 AM PDT

Setups and Breakouts After a Day of Event Risks (6/9 Video)
GBP/USD

Short-Term to Medium-Term- The 1H chart for the GBP/USD shows a recent break below an ascending triangle. The market rejected this decline after reaching 61.8% retracement.
- Meanwhile, the market also just completed a harmonic retracement (ab=cd). This is also known as a gartley.
- Notice the candlestick reaction at the 61.8% retracement level. This suggests at least in the short-term we have some bullish intent.
- At the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 10 Jun 2011 04:30 AM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Friday after the release of U.K. data on Industrial Production.<br/><br/> GBP/CHF was trading at 1.3728, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.3637, today&rsquo;s low, and resistance at 1.3821, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Industral production in the U.K. fell to a seasonally adjusted -1.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Unemployment Rate Falls Unexpectedly

Posted: 10 Jun 2011 04:20 AM PDT

Forex Pros – The rate of unemployment in Canada fell unexpectedly last month, official data showed on Friday.<br/><br/>In a report, Statistics Canada said that Canadian unemployment rate fell to a seasonally adjusted 7.4%, from 7.6% in the preceding month.<br/><br/>Analysts had expected Canadian unemployment rate to remain unchanged at 7.6% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 10 Jun 2011 04:15 AM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.<br/><br/> USD/CAD was trading at 0.9732, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.9713, today&rsquo;s low, and resistance at 0.9821, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Employment Change Rises More-than-expected

Posted: 10 Jun 2011 04:05 AM PDT

Forex Pros – Canadian employment change rose more-than-expected last month, official data showed on Friday.<br/><br/>In a report, Statistics Canada said that Canadian employment change rose to a seasonally adjusted 22.3K, from 58.3K in the preceding month.<br/><br/>Analysts had expected Canadian employment change to rise 20.0K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 10 Jun 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0613, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.0564, Thursday&rsquo;s low, and resistance at 1.0768, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.23% to hit 1.3624 and AUD/JPY falling 0.46% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 10 Jun 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8425, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.8328, Tuesday&rsquo;s low, and resistance at 0.8444, Thursday&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 0.30% to hit 1.4467 and USD/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In European Trading Hours

Posted: 10 Jun 2011 02:50 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4479, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.4445, today&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 0.14% to hit 0.8878 and EUR/JPY falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In European Trade

Posted: 10 Jun 2011 02:30 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 80.19, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.46, Thursday&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 1.4484 and GBP/USD falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Growth Worries Are Back Agitating Markets

Posted: 09 Jun 2011 03:43 PM PDT

By ForexMansion.com
 
Central Banks did not deliver anything new yesterday, as interest rates were kept unchanged in both Europe and the U.K.; however after ECB’s president Trichet signaled a possible hike in June, broad markets became swift and the euro suffered substantial losses.
After Trichet signaled a possible rate hike in June, the euro dropped below the 1.45 level, since such a move was already priced into the markets and investors were left with the perception that after July it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:59 AM PDT

By ForexMansion.com

 
The GBP/USD fell on Thursday, but remains in the recent consolidation area between the 1.63 and 1.65 areas. The pair looks like it is simply looking for a catalyst in order to move out of this range. Until then, we expect to see the pair to be a scalper's domain as the moves are quite short in length.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About ForexMansion.com:
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:58 AM PDT

By ForexMansion.com

 
The GBP/JPY rose Thursday, but remains in the 130-131 range as traders are looking for a reason to move in this market. The 130 is a massive support area, and might prove to be difficult to break through. The market moving through that area would certainly attract the attention of the central banks that recently intervened in the Yen-related markets. We don't sell because of that, and are looking for a break out of the range to buy.

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

GBP/CHF Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:57 AM PDT

By ForexMansion.com

 
The GBP/CHF rose Thursday, but remains in a downtrend. The 1.38 seems to be fairly resistive, and has yet to be broken. The pair has been a classic "sell the rallies" type of market, and should continue to be. Notice how every time we get a rise in price, it falls right back down. We are still selling the rallies, as bearish candles appear.

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

EUR/USD Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:56 AM PDT

By ForexMansion.com

 
The EUR/USD fell hard during the Thursday session, and eventually tested the 1.45 area. This area is very important to the bull case, and needs to hold if the EUR/USD is to continue running northward. If we break below on a solid close, perhaps on the daily – this would be very bearish. We are sitting still at the moment, but very interested in seeing how this plays out as it could be a hint to the direction for a while in this pair.

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

EUR/JPY Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:55 AM PDT

By ForexMansion.com

 
The EUR/JPY had a volatile session on Thursday, and ended basically unchanged. Because of this, the pair looks confused, and may struggle to make any sustained moves as the choppiness in the markets has been increasing over the last few weeks. Because of this, we need to see the pair print another bullish candle before buying. With the central banks involved – we aren't selling the pair.

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

EUR/GBP Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:55 AM PDT

By ForexMansion.com

 
The EUR/GBP fell hard during the Thursday session, continuing the move from the Wednesday session. The pair is still overbought, and looks likely to test 0.88 in the very near future. The consolidative tone of this pair should still continue as the 0.90 and 0.86 areas appear to be so strong. In the mean time, we feel weakness is probably more likely than not.

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 10, 2011

Posted: 09 Jun 2011 09:54 AM PDT

By ForexMansion.com

 
The EUR/CHF rose, and then fell hard during the Thursday session eventually forming a bit of a shooting star-like candle at the end of the day. The pair has been bearish for a long time, and the day's rally was yet another one that was a sellable moment. The EUR is on the back foot, and shouldn't be bought against the Franc at all. We still continue to sell rallies.

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

AUD/USD Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:53 AM PDT

By ForexMansion.com

 
The AUD/USD fell on Thursday, testing the top of a recent support and resistance area. The 1.05 to 1.06 area seems to be very supportive, and the Thursday hammer candle certainly does nothing to discourage that line of thinking. If we break the top of the Thursday candle, that is a great buy signal. If not, and we fall lower, look for 1.02 to come into play before too long.

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

AUD/NZD Technical Analysis For June 10, 2011

Posted: 09 Jun 2011 09:52 AM PDT

By ForexMansion.com

 
The AUD/NZD fell again on Thursday, confirming the recent bearish move. The 1.28 is acting somewhat supportive, but shouldn't be thought of as major support as it hasn't served as such in the past. Because of this, we might see a bounce, but as long as we are under the 1.30 area – we are bearish. Selling on a bounce would be the preferred move.

Originally posted here
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