DailyMarkets.com - Forex – GBP/USD Down On Economic Data

---

• Forex – GBP/USD Down On Economic Data
• U.K. Industrial Production Falls
• South Korea Central Bank Raises Rate 25bps To 3.25%
• Peru Central Bank Pauses Monetary Policy Rate At 4.25%
• Forex – GBP/USD Down During The European Session
• Serbia Central Bank Drops Rate 50bps To 12.00%
• Forex – EUR/USD Down During The European Session
• Egypt Central Bank Holds Rate At 8.25%
• Bank Of England Holds Bank Rate At 0.50%
• European Central Bank Holds Rate At 1.25%
• Asian Markets Mixed At Close; Nikkei Up 0.50%
• Bull Of The Day: CIGNA Corporation (CI)
• Growth & Income Stock: McDonald's Corporation
• Bear Of The Day: StanCorp Financial (SFG)
• Momentum Stock: Darling Int Inc.
• Aggressive Growth Stock: SodaStream International
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Gold And Gold Stock Divergences
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• Intrade Odds For Weiner To Resign
• Crude Oil Chart Setup Calls For Losses, Gold Standstill Continues
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Forex – EUR/JPY Down During Asian Trade
• Forex – GBP/JPY Up During The Asian Session
• USD/CAD Daily Fundamental Analysis For June 10, 2011

Forex – GBP/USD Down On Economic Data Posted: 10 Jun 2011 01:45 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Industrial Production.<br/><br/> GBP/USD was trading at 1.6258, down 0.65% at time of writing.<br/><br/> The pair was likely to find support at 1.6216, today&rsquo;s low, and resistance at 1.6473, Tuesday&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

U.K. Industrial Production Falls Posted: 10 Jun 2011 01:40 AM PDT Forex Pros – Industral production in the U.K. fell last month, official data showed on Friday.<br/><br/>In a report, National Statistics said that U.K. industrial production fell to a seasonally adjusted -1.7%, from 0.3% in the preceding month.<br/><br/>Analysts had expected U.K. industrial production to remain unchanged at 0.0% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

South Korea Central Bank Raises Rate 25bps To 3.25% Posted: 10 Jun 2011 01:22 AM PDT The Bank of Korea increased the 7-day repurchase rate by 25 basis points to 3.25% from 3.00% previously.  On the decision the Bank of Korea said: ”The committee expects inflationary pressures to continue in the coming months, driven largely by increased demand from the economic upswing and by inflation expectations,”.  In its May meeting the Bank of Korea maintained the 7-day repurchase rate unchanged at 3.00%.  South Korea reported consumer price inflation of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peru Central Bank Pauses Monetary Policy Rate At 4.25% Posted: 10 Jun 2011 01:15 AM PDT The Central Reserve Bank of Peru maintained its monetary policy reference rate unchanged at 4.25%.  According to a Reuters translation the bank said: “This measure takes into account the moderation in consumer price increases and some indicators of production. Future adjustments in the benchmark interest rate are conditional on new information on inflation and its determinants.” The Bank last raised the monetary policy reference rate by 25 basis points to 4.25% in May this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The European Session Posted: 10 Jun 2011 01:10 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6273, down 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.6261, today&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 0.8884 and GBP/JPY falling 0.94% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Serbia Central Bank Drops Rate 50bps To 12.00% Posted: 10 Jun 2011 01:09 AM PDT The National Bank of Serbia dropped its 2-week repo rate by 50 basis points to 12.00% from 12.50% previously, as the Belgrade based bank sees a peak in inflation.  The Bank said: ”The cut in the benchmark interest rate was necessary to stabilize inflation around the target over the medium term,”. In its May meeting the Bank held the 2-week repo rate unchanged at 12.50%.  Serbia reported inflation of 14.7% in April, up from 14.1% in March, and above the bank’s inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session Posted: 10 Jun 2011 01:00 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4457, down 0.37% 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 0.17% to hit 0.8881 and EUR/JPY falling 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Egypt Central Bank Holds Rate At 8.25% Posted: 10 Jun 2011 12:56 AM PDT The Central Bank of Egypt held the overnight deposit rate unchanged at 8.25%, the overnight lending rate at 9.75%, the discount rate at 8.50% and the 7-day repo rate at 9.25%.  The Bank said: ”It is important to note that while a marked decline in economic activity was expected, the magnitude is larger than anticipated at the outset of the revolution,”… “The slowdown in economic growth should limit upside risks to the inflation outlook.” Previously the Bank also held the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of England Holds Bank Rate At 0.50% Posted: 10 Jun 2011 12:49 AM PDT The Bank of England (BoE) maintained the Bank Rate at 0.50% and made no changes to the GBP 200 billion asset purchase program.  The Bank does not supply commentary with its monetary policy decisions, however the minutes of the monetary policy committee meeting will be published at 9.30am on Wednesday 22 June. Previously the Bank also held the Bank Rate unchanged at 0.50% when it met in May this year.  The United Kingdom reported annual consumer price inflation of 4.50% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Central Bank Holds Rate At 1.25% Posted: 10 Jun 2011 12:43 AM PDT The European Central Bank maintained the Main refinancing operations rate at 1.25% and the Marginal lending facility at 2.00% and Deposit facility at 0.50%.  The Bank said: “recent economic data confirm the positive underlying momentum of economic activity in the euro area, with uncertainty continuing to be elevated.  All in all, it is essential that recent price developments do not give rise to broad-based inflationary pressures.  Inflation expectations in the euro … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Mixed At Close; Nikkei Up 0.50% Posted: 10 Jun 2011 12:00 AM PDT Forex Pros – Asian stocks were mixed after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index rose 0.50%, Australia&rsquo;s S&P/ASX 200 index gained 0.37%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.93% down.<br/><br/> Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.19%, S&P 500 futures pointed to a decrease of 0.25% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: CIGNA Corporation (CI) Posted: 09 Jun 2011 11:05 PM PDT We are upgrading our recommendation on the shares of CIGNA Corp. (NYSE:CI) to Outperform from Neutral on the back of improving enrollment expectations, expanding international business. Its first quarter core earning was fairly ahead of Zacks Consensus Estimates well as year ago earnings. Better-than-expected results stemmed from strong earnings from across the board. EPS was also higher due to lower number of shares in the quarter compared with last year’s quarter. We believe the recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: McDonald's Corporation Posted: 09 Jun 2011 11:05 PM PDT McDonald’s Corporation (NYSE:MCD) continues to post strong same-store sales numbers around the globe. After a solid increase in the first quarter, the company posted a 3.1% gain in global same-store sales for May. Estimates have been consistently rising for MCD over the last several months as the company has been relatively successful in combating rising commodity costs. It is a Zacks #2 Rank (Buy) stock. The company also continues to generate enormous amounts of free cash flow that it has used to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: StanCorp Financial (SFG) Posted: 09 Jun 2011 11:05 PM PDT When StanCorp Financial (NYSE:SFG) reported its first-quarter 2011 earnings, the company experienced a higher level of claims incidence in group long-term disability business, resulting in a soft performance. We expect delinquencies on commercial mortgage loans to remain modestly high in the foreseeable future. StanCorp is facing a slowdown in the top-line growth, constrained by economic and competitive forces. Premiums remain pressured due to a group insurance market that continues to reflect a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Darling Int Inc. Posted: 09 Jun 2011 11:05 PM PDT Darling Int Inc. (NYSE:DAR) is trading strong in the volatile market, trading within striking distance of its recent 52-week high on a big Q1 earnings surprise. Estimates have since spiked higher, greasing the wheels of this Zacks #1 rank stock. Company Description Darling International Inc. provides rendering, recycling and recovery solutions for the food industry worldwide. The company was founded in 1993 and has a market cap of $2.1 billion. Darling has seen some very sharp gains over the six … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: SodaStream International Posted: 09 Jun 2011 11:05 PM PDT SodaStream International (SODA) shows no signs of fizzling out just yet. Estimates and shares are soaring after the latest earnings surprise and gives the stock a Zacks #2 Rank (Buy). It may not be a good value, but the growth and investor sentiment is enough to give it a deeper look. Company Description SodaStream is headquartered in Israel and makes home beverage carbonation systems. The company’s countertop unit quickly carbonates tap water which you can then add any number of syrups to, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 09 Jun 2011 10:50 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4497, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4478, Thursday&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 0.16% to hit 0.8880 and EUR/JPY falling 0.39% 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: 09 Jun 2011 10:25 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6314, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.6306, today&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 0.22% to hit 0.8886 and GBP/JPY falling 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours Posted: 09 Jun 2011 10:00 PM PDT Forex Pros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2208, down 0.01% 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 0.16% to hit 1.4487 and EUR/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold And Gold Stock Divergences Posted: 09 Jun 2011 09:47 PM PDT When investing in the gold sector one of the most frustrating experiences you can have is watching gold outperform the gold stocks in your portfolio.  Investors flock to gold stocks to leverage the returns in gold, not underperform gold.  The idea is that a rising gold price produces bigger profits for gold producers, and the market rewards increased profits with higher share prices.  So when gold investors take on the elevated risk of buying gold stocks, they want to see their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During Asian Trade Posted: 09 Jun 2011 09:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8422, up 0.09% 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 0.12% to hit 1.4492 and USD/JPY falling 0.31% 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: 09 Jun 2011 09:20 PM PDT Forex Pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8876, up 0.11% 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/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.07% to hit 1.4500 and EUR/JPY falling 0.35% 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: 09 Jun 2011 08:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Tertiary Industry Activity Index.<br/><br/> USD/JPY was trading at 80.10, down 0.33% 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/> Earlier in the day, official data showed that Japan&rsquo;s tertiary industry activity index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 09 Jun 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9736, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.9724, Thursday&rsquo;s low, and resistance at 0.9821, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.16% to hit 1.4533 and GBP/USD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intrade Odds For Weiner To Resign Posted: 09 Jun 2011 07:48 PM PDT 52 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Chart Setup Calls For Losses, Gold Standstill Continues Posted: 09 Jun 2011 07:37 PM PDT Commodities – Energy Crude Oil Chart Setup Calls for Losses WTI Crude Oil (NY Close): $101.93 // +1.19 // +1.18% As we suspected, crude prices re-coupled with the overall trends in investors' risk appetite and followed the S&P 500 higher on Thursday. Notably, the move higher remained within the context of the larger bearish setup we have monitored for several weeks. Indeed, so long as a daily close above $103.30 does not materialize, the current setup presents a continuation triangle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade Posted: 09 Jun 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0623, down 0.03% 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 down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.19% to hit 1.3681 and AUD/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 09 Jun 2011 07:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4529, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4478, Thursday&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 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 09 Jun 2011 06:35 PM PDT Forex Pros – The Euro was lower against the Japanese Yen on Friday after the release of Japanese data on Tertiary Industry Activity Index.<br/><br/> EUR/JPY was trading at 116.53, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 115.93, Thursday&rsquo;s low, and resistance at 117.89, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s tertiary industry activity index rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 09 Jun 2011 05:45 PM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Friday after the release of Japanese data on Tertiary Industry Activity Index.<br/><br/> GBP/JPY was trading at 131.54, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 130.50, Wednesday&rsquo;s low, and resistance at 132.30, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s tertiary industry activity index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For June 10, 2011 Posted: 09 Jun 2011 01:56 AM PDT By ForexMansion.com The USD/CAD pair fell on Thursday after mixed data from the United States and Canada, where Canada released the trade balance for April, which showed a widening deficit, while the trade deficit in the U.S. narrowed in April better than expectations, however, jobless claims edged slightly above expectations. Moreover, rising crude oil prices provided the CAD with momentum to push the USD/CAD pair lower. The USD/CAD pair is still expected to rise further over the upcoming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610