Wednesday, June 22, 2011

DailyMarkets.com - Forex – USD/CHF Edges Higher As Greek Vote, Fed In Focus

DailyMarkets.com - Forex – USD/CHF Edges Higher As Greek Vote, Fed In Focus


Forex – USD/CHF Edges Higher As Greek Vote, Fed In Focus

Posted: 22 Jun 2011 03:15 AM PDT

Forex Pros – The U.S. dollar was higher against the Swiss franc on Wednesday, as markets remained focused on a parliamentary confidence-vote win by Greece&rsquo;s government as well as the conclusion of the Federal Reserve’s policy committee meeting. <br /><br />USD/CHF hit 0.8432 during European morning trade, the daily high; the pair subsequently consolidated at 0.8423, climbing 0.2%.<br /><br />The pair was likely to find support at 0.8346, the low of June 14 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Lower On Merkel Comments

Posted: 22 Jun 2011 02:58 AM PDT

EU summit to work on post 2012 ESM mechanism.
One possibility is to extend investment in Greek bonds upon expiry of current bonds.
Confidence vote in Greece is important step, but Athens must not push through austerity package.
EU summit will not make final decisions on Greece.
Wants voluntary, substantial, quantifiable contribution from private sector to Greek aid deal.
Not possible to demand private sector contribution if ECB is not in agreement on method.
Can only warn against disorderly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Jumps To 2-week High After BoE Minutes

Posted: 22 Jun 2011 02:55 AM PDT

Forex Pros – The euro extended gains against the pound on Wednesday, jumping to a two-week high after minutes from the Bank of England&rsquo;s June 9 meeting showed some policymakers believed that more asset purchases may be needed. <br /><br />EUR/GBP hit 0.8922 during European morning trade, the pair&rsquo;s highest since June 8; the pair subsequently consolidated at 0.8909, gaining 0.41%.<br /><br />The pair was likely to find support at 0.8824, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Dip In Wake Of Greek Vote; DAX Down 0.1%

Posted: 22 Jun 2011 02:39 AM PDT

Forex Pros – European stock markets declined on Wednesday, after the Greek government survived a vote of confidence on Tuesday, but investors remained wary as planned austerity measures still have to pass parliament.<br /><br />During European morning trade, the EURO STOXX 50 shed 0.4%, France&rsquo;s CAC 40 slipped 0.35%, while Germany’s DAX 30 edged 0.1% lower. <br /><br />Greece&rsquo;s parliament supported Prime Minister George Papandreou&rsquo;s new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


A Special Country

Posted: 22 Jun 2011 02:37 AM PDT

How special are we? Well, as the following three charts from a recent Mother Jones article, “Overworked America: 12 Charts that Will Make Your Blood Boil,” reveal, the U.S. really stands out when it comes to how much the ordinary Joe — seemingly regardless of political persuasion — has been screwed by the U.S. corporatocracy, especially in recent years.

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


Euro Zone Industrial New Orders Rise Less-than-expected

Posted: 22 Jun 2011 02:12 AM PDT

Forex Pros – Industrial new orders in the euro zone rose less-than-expected in April, official data showed on Wednesday.<br /><br />In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.7% in April, after declining by 1.5% in March, whose figure was revised from a 1.8% decline. <br /><br />Analysts had expected industrial new orders to rise by 1.0% in April.<br /><br />The report showed that the annualized rate of industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed Against Major Rivals After Greek Vote

Posted: 22 Jun 2011 02:07 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, after the Greek government survived a vote of confidence on Tuesday, but investors remained wary as planned austerity measures still have to pass parliament.<br /><br />During European morning trade, the greenback was up slightly against the euro, with EUR/USD edging 0.05% lower to hit 1.4404.<br /><br />Greece&rsquo;s parliament supported Prime Minister George … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Edge Lower On U.S. Demand Concerns

Posted: 22 Jun 2011 01:51 AM PDT

Forex Pros – Crude oil futures edged lower on Wednesday, amid concerns over a slowdown in demand from the world&rsquo;s largest user, while a stronger dollar also weighed. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD93.65 a barrel during European morning trade, dipping 0.1%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell to a daily low of USD93.32 a barrel.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY In Narrow Range As Fed Policy Meeting Eyed

Posted: 22 Jun 2011 01:28 AM PDT

Forex Pros – The U.S. dollar was relatively unchanged against the yen on Wednesday, trading in a narrow range as investors awaited the outcome of the Federal Reserve’s policy setting meeting, which was to conclude later in the day. <br /><br />USD/JPY hit 80.16 during European morning trade, the daily low; the pair subsequently consolidated at 80.20, edging 0.01% lower.<br /><br />The pair was likely to find support at 79.69, the low of June 8 and a five-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Slides Ahead Of BOE Meeting Minutes

Posted: 22 Jun 2011 12:59 AM PDT

Forex Pros – The pound slipped to a daily low against the U.S. dollar on Wednesday, ahead of the publication of the minutes of the Bank of England&rsquo;s June 9 policy meeting.<br /><br />GBP/USD hit 1.6196 during European morning trade, the daily low; the pair subsequently consolidated at 1.6201, slipping 0.27%.<br /><br />Cable was likely to find support at 1.6166, Tuesday&rsquo;s low and resistance at 1.6382, the high of June 15.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Trade In Tight Range Ahead Of Fed

Posted: 22 Jun 2011 12:42 AM PDT

Forex Pros – Gold prices traded in a tight range on Wednesday, steadying near a two-week high, as investors awaited the conclusion of the Federal Reserve&rsquo;s policy setting meeting later in the day.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,547.65 a troy ounce during late Asian trade, easing up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Eases Up With Greece, Fed In Focus

Posted: 22 Jun 2011 12:33 AM PDT

Forex Pros – The Australian dollar eased up against its U.S. counterpart on Wednesday, after Greek Prime Minister George Papandreou survived a key parliamentary confidence vote, while investors awaited the conclusion of the Federal Reserve&rsquo;s policy setting meeting.<br /><br />AUD/USD hit 1.0611 during late Asian trade, a daily high; the pair subsequently consolidated at 1.0605, inching up 0.04%. <br /><br />The pair was likely to find support at 1.0531, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Edges Higher As Greece Default Fears Ease

Posted: 22 Jun 2011 12:16 AM PDT

Forex Pros – The New Zealand dollar inched higher against its U.S. counterpart on Wednesday, as risk appetite was supported after Greek Prime Minister George Papandreou survived a key parliamentary confidence vote late Tuesday, easing concerns over an imminent default.<br /><br />NZD/USD hit 0.8141 during late Asian trade, a daily high; the pair subsequently consolidated at 0.8136, gaining 0.12%.<br /><br />The pair was likely to find support at 0.8044, the low of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Broadly Higher After Greek Vote; Nikkei Up 1.8%

Posted: 21 Jun 2011 11:57 PM PDT

Forex Pros – Asian stock markets were broadly higher on Wednesday, as market sentiment was boosted after Greek Prime Minister George Papandreou survived a key parliamentary confidence vote late Tuesday, easing concerns over an imminent default.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index rose 0.45%, South Korea’s Kospi Composite advanced 0.77%, while Japan&rsquo;s Nikkei 225 Index rallied 1.8%. <br /><br />Greece&rsquo;s parliament supported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 1-week High After Greece Confidence Vote

Posted: 21 Jun 2011 11:37 PM PDT

Forex Pros – The euro edged higher against the U.S. dollar on Wednesday, hitting a one-week high after Greek Prime Minister George Papandreou survived a key parliamentary confidence vote late Tuesday.&nbsp; <br /><br />EUR/USD hit 1.4433 during late Asian trade, the pair&rsquo;s highest since June 15; the pair subsequently consolidated at 1.4420, edging 0.12% higher. <br /><br />The pair was likely to find support at 1.4301, Tuesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Cabot Oil & Gas (COG)

Posted: 21 Jun 2011 11:05 PM PDT

We are upgrading Cabot Oil & Gas Corp. (NYSE:COG) shares to Outperform from Neutral, reflecting the company’s impressive exposure to the high-return Marcellus and Haynesville Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of over $200 million bodes well for Cabot, which will help the company bolster its natural gas operations.
Buoyed by the growth momentum from the company’s drilling efforts, particularly in its North region, Cabot recently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: JDS Uniphase (JDSU)

Posted: 21 Jun 2011 11:05 PM PDT

We have downgraded our recommendation on JDS Uniphase (NASDAQ:JDSU) to Underperform. Recent trends in the optical component industry indicate a glut of inventory on the part of the telecom carriers. The North American and European markets have yet to completely recover from the recession.
In the meantime, several industry players indicated that China may not be able to compensate the loss of the developed markets fully. Moreover, the devastating earthquake and tsunami in Japan will reduce demand and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Computer Programs And Systems, Inc.

Posted: 21 Jun 2011 11:05 PM PDT

Computer Programs and Systems, Inc. (NASDAQ:CPSI) recently delivered its 4th consecutive positive earnings surprise on strong revenue growth and expanding margins.
The company continues to benefit from federal regulation designed to encourage healthcare organizations to adopt Electronic Health Records, which CPSI provides.
Following stellar first quarter results, analysts revised their estimates significantly higher for both 2011 and 2012, sending the stock to a Zacks #2 Rank (Buy). Based on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Techne Corp.

Posted: 21 Jun 2011 11:05 PM PDT

Techne Corp. (NASDAQ:TECH) has been a standout performer in 2011, hitting a new all-time high in late May after reporting another solid quarter. That pushed estimates higher, providing more momentum for this Zacks #1 rank stock.
Company Description
Techne Corp and its subsidiaries develop and manufacture biotechnology products and hematology controls primarily in the United States and Europe. The company was founded in 1976 and has a market cap of $2.94 billion.
Although Techne has been grinding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: CNH Global

Posted: 21 Jun 2011 11:05 PM PDT

CNH Global (NYSE:CNH) shares are sliding, but that has just made the valuations look enticing.
With rising estimates pushing shares to a Zacks #1 Rank (Strong Buy) and padding the growth rates, this beaten down stock has plenty of potential.
Company Description
CNH Global makes agricultural and construction equipment, selling in about 170 countries.
Profit Jumps 71%
Back in April CNH Global announced quarterly results that showed a 17% increase in sales, to $3.8 billion. Operating profit rose 71%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 21 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 1.4393, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.4128, Friday&rsquo;s low, and resistance at 1.4433, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8864 and EUR/JPY falling 0.07% 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: 21 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 1.6222, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6094, Friday&rsquo;s low, and resistance at 1.6253, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8865 and GBP/JPY falling 0.09% 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: 21 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 1.2108, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.1986, Friday&rsquo;s low, and resistance at 1.2148, 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 1.4376 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 21 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 0.8424, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 0.8401, Tuesday&rsquo;s low, and resistance at 0.8517, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.28% to hit 1.4371 and USD/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down During The Asian Session

Posted: 21 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 0.8858, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8771, Friday&rsquo;s low, and resistance at 0.8884, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.30% to hit 1.4368 and EUR/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Wednesday 22 June

Posted: 21 Jun 2011 08:35 PM PDT

Asian shares extend their advance as investors gain confidence that Greece will avoid a default. We believe that market will be choppy from here on. Strong support at 3000. 3100 turns resistant for now. Therefore, we can expect market trading in range from 3000-3100.
We had closed our position in Straits Asia as share likely to lose momentum.

No short term positions

Mid term positions
Jardine C&C enter 40.70 SL 35.40 (trail at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 21 Jun 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.26, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 80.01, Friday&rsquo;s low, and resistance at 80.67, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.33% to hit 1.4364 and GBP/USD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Technical Update On WTI Crude Oil

Posted: 21 Jun 2011 08:28 PM PDT

Volatility in the world crude oil prices (WTI crude oil) in the past couple of months has caused some ruckus in the other financial markets. Moving forward, where will WTI crude oil in the days to come?
The price of WTI crude oil has risen to a high of $114.81 last May 2, 2011 after it broke out from a right-angled descending broadening triangle pattern. However, it has since slipped to form a potential head and shoulders. Presently, WTI crude oil is sitting smack at its uptrend line and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PNC Moves Into High Gear

Posted: 21 Jun 2011 08:20 PM PDT

PNC Financial Services Group (PNC)has acquired RBC Bank (USA) for $3.45b, a $112m discount to tangible book value. PNC will likely start making money on this transaction sometime in early 2013. The stock presently trades at $56.80 with a fifty two week range of $49.43-$65.19.The transaction is to close in March, 2012.

One appreciates the long term potential of this deal. PNC has a track record of successful assimilation, notably the National City acquisition. By acquiring the well-placed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cramer: Natural Gas Is A Dud

Posted: 21 Jun 2011 08:15 PM PDT

Cramer covers a lot of aspects of the natural gas market in this interview. While the sector does sound exciting, in his view it probably won't do much this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jim Rogers: Greece Can’t Pay Off Its Debts

Posted: 21 Jun 2011 08:15 PM PDT

Jim Rogers discusses the Greek debt crisis and its potential effect on Europe and the financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In Asian Trading Hours

Posted: 21 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 0.9734, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.9710, Tuesday&rsquo;s low, and resistance at 0.9869, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.32% to hit 1.4366 and GBP/USD falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down During Asian Trade

Posted: 21 Jun 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0575, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.0497, Monday&rsquo;s low, and resistance at 1.0635, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.06% to hit 1.3581 and AUD/JPY falling 0.27% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Looks Like The Bulls Are Going To Win. (But Maybe Not).

Posted: 21 Jun 2011 07:16 PM PDT

As the markets await the outcome of tomorrow’s FOMC meeting, the bulls were out dancing in the street today – pushing gold and silver right up to the edge of an out and out breakout, and sending the S&P 500 soaring up some 17 points with a mighty bounce off its 200 dma. The HUI gold miners index rejoiced as well, matching the S&P’s 17 point route, and convincingly offered their stamp of approval to the recent strength in both gold and silver.

It looks to me like the bulls are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 21 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 1.4365, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4128, Friday&rsquo;s low, and resistance at 1.4433, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8864 and EUR/JPY falling 0.29% 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: 21 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 115.18, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 113.59, Monday&rsquo;s low, and resistance at 115.80, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.42% to hit 1.4350 and EUR/GBP falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Is That A Right Shoulder We’re Beginning To See?

Posted: 21 Jun 2011 06:21 PM PDT

In my last post three weeks ago I talked about the technical supports that could act as breaks on the the market’s descent. In particular, I pointed out that

“…there is a potential neckline at around 1265, the low in March. Should the market touch that trendline then 2/3 of a potential head-and-shoulder reversal top would be put in place.
A cross by the Index under the 200-dma would indicate that the trend has clearly turned bearish for the first time since 2009. I don’t think that will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 21 Jun 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Wednesday.<br/><br/> GBP/JPY was trading at 130.11, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 128.93, Monday&rsquo;s low, and resistance at 130.44, Tuesday&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 0.21% to hit 1.6211 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:16 AM PDT

By ForexMansion.com

 
USD/JPY fell slightly on Tuesday, as the market continues to consolidate right above the all-important 80 handle. Traders know that the central banks are waiting for them somewhere below that level, and as such are a little hesitant to push prices much lower for the moment. Of course, all things can change, but we don't recommend selling at all. A buy with a really tight stop might be possible for a scalp however.

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


USD/CHF Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:16 AM PDT

By ForexMansion.com

 
USD/CHF fell hard on Tuesday, as the USD was sold off against the EUR as well. This is a classic example of how these two pairs tend to work in an inverse relationship over time. The pair looks very weak, and has so for years. We never buy this pair, only sell. Fresh lows, which aren't that far below, would get more sellers into the market.

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


USD/CAD Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:15 AM PDT

By ForexMansion.com

 
The USD/CAD pair sold off as the oil markets picked up slightly over the Tuesday session. The pair fell towards the 0.97 handle, but with the oil markets giving up a lot of their gains, it is possible we will see another leg up in this pair. The consolidation may be around for a while. We look for the pair to rise back into the top of the recent range, unless the oil markets can suddenly find a bid.

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


NZD/USD Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:14 AM PDT

By ForexMansion.com

 
NZD/USD rose on Tuesday, triggering several hammers for buy signals over the last few days. However, it also fell in the late hours, showing that perhaps it isn't ready to launch northward yet. More consolidation could be in the near future. However, we still have a bullish bias on this pair, and a break over the highs form Tuesday gets more buyers in the markets. If we break lower, 0.78 comes into play for the buyers.

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


GBP/USD Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:13 AM PDT

By ForexMansion.com

 
The GBP/USD pair fell, and then rose during Tuesday. The pair formed a bullish hammer by the end of the day, and looks set to rise, albeit within the confines of choppy consolidation. The pair seems to be tightening at the moment, and as such – the range is getting smaller and smaller. This normally leads to some kind of massive move. Unfortunately, we aren't see the direction yet.

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


GBP/JPY Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:12 AM PDT

By ForexMansion.com

 
The GBP/JPY pair fell for a while on Tuesday, but managed to bounce – forming a hammer. The hammer is also based upon the 130 support level as well, and this is indeed very bullish. The area above does have a lot of sell orders, so expect a choppy, but slightly bullish tone in the upcoming session.

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/CHF Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:11 AM PDT

By ForexMansion.com

 
The GBP/CHF pair fell hard on Tuesday and ended the day retesting the lows again. The buying of this pair isn't recommended, even if a bounce is very possible. Instead, we recommend selling if we break below 1.36, and selling any rallies in this pair. The 1.38 and 1.40 areas above could provide significant resistance.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
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EUR/USD Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:10 AM PDT

By ForexMansion.com

 
The EUR/USD had a relief rally on Tuesday as the trading world began to think that the Greeks wouldn't dare vote against the current government. The government that is in power now is more likely than not to pass the austerity measures needed for the next bailout, and as such – traders bought the Euro. However, over the long run this will prove to be yet another band aid solution to a deep wound in Europe. The 1.45 area above should be an interesting place to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:09 AM PDT

By ForexMansion.com

 
EUR/JPY rose on the Tuesday session, shedding fears about a Greek failure to reinstate the current government. Because of this, the pair popped back over the important 115 level, and could be clearing the way for another run towards 117. Of course, with the announcement of the vote out of Athens coming, this could reverse, and fast. Currently however, it looks consolidative between 113.50 and 117.50 respectively.

Originally posted here
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EUR/GBP Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:08 AM PDT

By ForexMansion.com

 
The EUR/GBP pair rose again on Tuesday as investors started to weigh in the idea that the Greeks were going to vote to continue the current government. The idea is that if they do – austerity measures have a much larger chance of being passed. The problem is that it is another sign of Europe "kicking the can down the road", and this is a temporary measure yet again. The pair is still range bound, and looks to find the 0.90 area – and area that has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:07 AM PDT

By ForexMansion.com

 
The EUR/CHF fell slightly during Tuesday, but the most important thing is the shape of the candlestick. It turned out to form a hammer again, and this shows even more support to be found in this area. The pair looks ripe for a pop, and if it gets it – should present opportunities to sell at higher levels. A break under the 1.20 area is very negative.

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


AUD/USD Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:06 AM PDT

By ForexMansion.com

 
The AUD/USD formed yet another hammer on Tuesday, showing the 1.05 area holding up one more time. This is happening over and over, and shows just how much support the Aussie has at the moment. Because of this, we still feel it is a buy, but it might take a little patience to get your reward. If 1.05 gives way, 1.02 will be the next supportive area, and that one should be even more supportive.

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


AUD/NZD Technical Analysis For June 22, 2011

Posted: 21 Jun 2011 09:05 AM PDT

By ForexMansion.com

 
The AUD/NZD pair fell towards the 1.30 area again on Tuesday, but bounced from that region again. The bounce confirms how important this area is, and shows that we are probably building a slightly bullish tone at the moment. Of course, we need to see a break above 1.32 in order to be convinced of the move. Look for consolidation in the short-term.

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


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