Friday, June 24, 2011

DailyMarkets.com - Friday Stock Watchlist: 5 Technical Setups To Watch

DailyMarkets.com - Friday Stock Watchlist: 5 Technical Setups To Watch


Friday Stock Watchlist: 5 Technical Setups To Watch

Posted: 24 Jun 2011 03:15 AM PDT

 
  ( click to enlarge )

Good Morning, Traders. TEKELEC (NASDAQ:TKLC) looks ripe for an explosive move upwards. The stock had a bullish momentum on Thrusday, gaining more than 7% and closing near the highs of the session. Very strong. So, with the bulls pushing shares higher, I expect the stock to see a continuation of high volume and price appreciation in today’s market. Technically Speaking, this stock is showing signs of an upcoming breakout. The stock has built a durable base at $7.70 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In European Trade

Posted: 24 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 80.23, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 80.02, Wednesday&rsquo;s low, and resistance at 80.79, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.4285 and GBP/USD rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Gains A Full 100 Pips Over The Last Hour.

Posted: 24 Jun 2011 02:25 AM PDT

It seems that risk appetite is stronger following the better than expected German IFO release as we've seen the EUR/USD trade 100 points higher in the last hour of trading. Adding to the "fire" was comments from IFO's Abberger that Greece is not a big problem to the real economy in Germany, and he sees no risk of the German economy "overheating".
On the hourly chart below you can see that the EUR/USD has tested resistance at 1.4305; an old support level from early in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up In European Trading Hours

Posted: 24 Jun 2011 01:55 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/USD was trading at 1.4293, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate rose unexpectedly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up On Economic Data

Posted: 24 Jun 2011 01:35 AM PDT

Forex Pros – The Euro was higher against the British Pound on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/GBP was trading at 0.8916, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8790, Monday&rsquo;s low, and resistance at 0.8953, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate rose unexpectedly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down On Economic Data

Posted: 24 Jun 2011 01:15 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/USD was trading at 1.4230, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate rose unexpectedly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Ifo Business Climate Rises Unexpectedly

Posted: 24 Jun 2011 01:10 AM PDT

Forex Pros – Germany&rsquo;s Ifo business climate rose unexpectedly last month, data showed on Friday.<br/><br/> In a report, the Ifo Institute for Economic Research said its index of German business climate rose to 114.5, from 114.2 in the preceding month .<br/><br/> Analysts had expected the index to fall to 113.4 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The European Session

Posted: 24 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 1.5958, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Thursday&rsquo;s low, and resistance at 1.6262, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8920 and GBP/JPY falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Making Moves Lower

Posted: 24 Jun 2011 12:35 AM PDT

We saw some consolidation in the EUR/USD between 1.4241 and 1.4271 as we sat waiting for the arrival of Europe into the market. After making a move lower through the 61.8%, the pair tested the 100 bar moving average and is currently approaching the 38.2% line. If momentum brings us through 1.41974, we will be looking to 1.41701 as the next downward … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Close Higher; Nikkei Up 0.85%

Posted: 24 Jun 2011 12:00 AM PDT

Forex Pros – Asian stocks were up after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index rose 0.85%, Australia&rsquo;s S&P/ASX 200 index gained 0.39%, while Hong Kong&rsquo;s Hang Seng Index was trading 1.54% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was mixed. Dow Jones Industrial Average futures indicated a gain of 0.24%, S&P 500 futures pointed to an increase of 0.21% and Nasdaq … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Masco Corp. (MAS)

Posted: 23 Jun 2011 11:05 PM PDT

Masco Corporation (NYSE:MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting margins to a large extent.
In addition, Masco is vulnerable to unfavorable currency fluctuations due to its extensive international presence. The company’s high dependency on a few individual customers offers little room for margin expansion. In the most recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Altera Corporation (ALTR)

Posted: 23 Jun 2011 11:05 PM PDT

Altera Corp. (NASDAQ:ALTR) continues to post solid growth, and we believe this growth will be sustainable in the long run. As expected, Altera faced a minor inventory adjustment and a temporary slowdown in the wireless segment during the first quarter. However, results topped our expectations.
Earnings estimates for 2011 increased by $0.09 after the first quarter report. The industry-leading 40-nanometer product execution and the company’s ongoing efforts to improve operating efficiency remain the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: VF Corporation

Posted: 23 Jun 2011 11:05 PM PDT

VF Corporation (NYSE:VFC) carried its momentum into the first quarter of 2011 and delivered another solid quarter as revenues were up in each division.
Management raised its sales and EPS guidance off the strong quarter, prompting analysts to revise their estimates higher, sending the stock to a Zacks #2 Rank (Buy).
EPS is expected to grow by double-digits over the next two years, thanks in part to an acquisition.
Timberland Acquisition
VF Corporation designs, manufactures and markets lifestyle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Polypore International, Inc.

Posted: 23 Jun 2011 11:05 PM PDT

Polypore International Inc. (NYSE:PPO) estimates have moved even higher since PPO’s feature as a Zacks Rank Buy. Earnings are showing an aggressive trajectory and shares are a Zacks #1 Rank (Strong Buy).
Company Description
Polypore makes specialized polymer membranes used in separation and filtration process. The company’s energy storage and separation media is used in lead-acid batteries in the transportation and industrial industries. Its separations media segment focuses on healthcare … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Dollar Tree, Inc.

Posted: 23 Jun 2011 11:05 PM PDT

Dollar Tree, Inc. (NASDAQ:DLTR) is defying the doubters who thought the Dollar store trade was over, recently hitting a new all-time high on another strong quarter and rising estimates. With value still very much in vogue, this Zacks #2 rank stock is a serious momentum player.
Anyone who thought the discount retail story was over, you stand corrected. I was actually one of those people, naively thinking that increased competition and a strong global economy would take the air of the Dollar stores. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 23 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 1.4255, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8900 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oversold Bounce But Not Out Of The Woods Yet

Posted: 23 Jun 2011 10:39 PM PDT

The market bounced late in the session on Thursday on the heels of yet another band-aid attempt on the Greek debt crisis.  This was also coupled with an attempt by the government to alleviate some pain at the gas pump by releasing oil from the strategic petroleum reserve.  Government intervention aside, it was a logical time for the market to bounce.  The S&P 500 was approaching the March low and 200 day moving average after declining for almost two months.

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


Why Natural Gas Is A Sucker’s Bet

Posted: 23 Jun 2011 10:39 PM PDT

Schork says the story of natural gas is simply one of too much supply and not enough demand.  He says even though there have been declines in Canadian supplies, due to their shift from natural gas to oil production, U.S. producers are sitting on a ton of shale gas.  He also says natural gas could be used for other purposes, such as transportation fuel, but the problem there is getting the infrastructure in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pimco’s El-Erian On Goverment Interference In The Market

Posted: 23 Jun 2011 10:38 PM PDT

Pimco's El-Erian talks about how the government is trying to directly interfere with the market with the IEA Oil Release.  He discusses how the market gets nervous when the government meddles with it since the government is playing with different rules (power of the printing press and regulation) than the rest of market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 23 Jun 2011 10:25 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6022, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Thursday&rsquo;s low, and resistance at 1.6262, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8906 and GBP/JPY rising 0.06% 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: 23 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 1.1955, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.1846, Thursday&rsquo;s low, and resistance at 1.2148, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.4262 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 23 Jun 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8384, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.8340, Wednesday&rsquo;s low, and resistance at 0.8517, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.02% to hit 1.4259 and USD/JPY falling 0.01% 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: 23 Jun 2011 09:20 PM PDT

Forex Pros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8904, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 0.8790, Monday&rsquo;s low, and resistance at 0.8953, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.07% to hit 1.4266 and EUR/JPY rising 0.03% 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: 23 Jun 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 80.48, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 80.02, Wednesday&rsquo;s low, and resistance at 80.79, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.03% to hit 1.4260 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 23 Jun 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9782, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.9702, Wednesday&rsquo;s low, and resistance at 0.9850, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.02% to hit 1.4259 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 23 Jun 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0537, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.0455, Thursday&rsquo;s low, and resistance at 1.0651, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.04% to hit 1.3543 and AUD/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 23 Jun 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4254, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8902 and EUR/JPY falling 0.03% 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: 23 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Friday.<br/><br/> EUR/JPY was trading at 114.61, down 0.15% 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 0.13% to hit 1.4238 and EUR/GBP falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Some Non-Strategic Thinking About A Non-Problem

Posted: 23 Jun 2011 05:47 PM PDT

Gasoline prices have been dropping steadily for the last six weeks, and the current price of $3.62 per gallon (national average) is the lowest in three months and almost 8% below the recent peak of close to $4 per gallon in early May (see chart above).  America’s  stock of crude oil for the week ending June 17 was at the highest level (1.065 billion barrels) in more than four month since early February.  So what’s the administration’s “solution” to the “non-problems” of rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up During The Asian Session

Posted: 23 Jun 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 128.94, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 128.49, Thursday&rsquo;s low, and resistance at 130.53, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.06% to hit 1.6014 and EUR/GBP rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Glamour Stocks: Avoiding Falling Stars Using Mohanram’s G-Score

Posted: 23 Jun 2011 01:45 PM PDT

Summary
The G-Score is a fundamental analysis screen which ranks highly valued stocks – or quot;low book to marketquot; stocks – according to 8 growth criteria. Just as  the Piotroski F-Score aims to separating winners amongst the value universe (the quot;dusty gemsquot;), the G-Score seeks to separate out the winning growth/glamour stocks from the quot;fallen starsquot;.  
Background
Partha Mohanram is Associate Professor of Finance at Columbia University. His 2004 paper extends … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:44 AM PDT

By ForexMansion.com

 
USD/JPY rose on Thursday, and had somewhat of a break out day, albeit from a very small range. The pair looks like it has found a floor in the form of 80, and as long as we are above that, we see no reason to sell. We are looking to buy on dips presently.

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


USD/CHF Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:43 AM PDT

By ForexMansion.com

 
USD/CHF had a bearish day Thursday, but rallied towards the end of the session as traders got wind of the Europeans possibly reaching a deal of sorts with the Greeks. Of course, this is just a preliminary agreement, and nobody really knows what comes next. Because of this, expect the USD/CHF pair to be volatile as traders will run and hide in this pair every time bad news hits the wires.

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


USD/CAD Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:42 AM PDT

By ForexMansion.com

 
The USD/CAD pair surged upwards as the oil markets fell apart in the early hours of Thursday. The CAD weakens as prices fall, so this was expected. However, the pair continues to struggle with breaking above the 0.98 level, and as such fell in the later hours of the trading session. The pair continues to be stuck between 0.9850 and 0.9675 – something it might be attracted to for quite some time.

Originally posted here
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NZD/USD Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:41 AM PDT

By ForexMansion.com

 
The NZD/USD had a whippy day on Thursday, as it treads water around the 0.81 area. The pair still looks like a long-only market. The pair is one that we like to buy on pullbacks, but is notorious for consolidating for very long times. Because of this, any longs should be patient. The 0.78 area on the down side looks like a massive support zone as well. We are looking for a supportive candle in order to buy.

Originally posted here
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GBP/USD Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:41 AM PDT

By ForexMansion.com

 
GBP/USD fell on Thursday, piercing the 1.60 support area, but managed to pop back over it. The day's action showed that the bottom of support is the 1.59 level, and as such – we are short if we can break below. The daily candle is starting to print a hammer, which of course is a buy signal. However, we feel that any bounce would be a short-term trade at best. We like selling rallies.

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 24, 2011

Posted: 23 Jun 2011 09:40 AM PDT

By ForexMansion.com

 
The GBP/JPY fell on Thursday, but managed to regain all of its losses by the end of the day. The candle is a doji, if not a slightly bullish hammer, and it looks like the pair might be ready to bounce. The shape of the candle is easy to trade – if we break higher than the high printed on Thursday, we are buying, if we go below the lows – we are selling.

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


GBP/CHF Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:39 AM PDT

By ForexMansion.com

 
GBP/CHF fell on Thursday, after it was learned that the Bank of England is considering more quantitative easing. The markets we hit by several different bearish factors as well, and as such – this risk-sensitive pair fell in reaction. The pair looks broken, but it should be said that it did bounce at the end of the day; we are looking to sell rallies.

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/USD Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:38 AM PDT

By ForexMansion.com

 
The EUR/USD had a wild day on Thursday, the kind that empties trading accounts. The market was down hard, but bounced at the end as news got out that the Greeks and the IMF/EU may have reached a deal on the 5 year austerity measures necessary to get money to the Greeks. One problem though: The Greek parliament hasn't approved this yet, and there is a real chance they won't. The market is showing that it has a lot of fear about the Europe situation, and as such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:37 AM PDT

By ForexMansion.com

 
EUR/JPY fell hard early in the day, but rallied later as the word got out that the Greeks and IMF/EU representatives may have reached an agreement on a 5 year austerity plan for the Greek people. This is good news, and is reflected in the price of the Euro across the board. However, it is important to remember that the Greek parliament needs to pass this budget – something that isn't guaranteed. If we break the Thursday highs, it would be a technical buy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:36 AM PDT

By ForexMansion.com

 
The EUR/GBP pair collapsed early in the day, only to bounce hard when it was learned that the EU/IMF may have reached an agreement for a Greek 5 year austerity plan. Because of this traders rapidly reversed the losses, and bid up this contract. Our advice is to leave this pair alone as it is range bound, and has been choppy lately. Add to that the weakness of both of these currencies, and movements will be volatile.

Originally posted here
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EUR/CHF Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:36 AM PDT

By ForexMansion.com

 
The EUR/CHF pair fell hard on Thursday, only to pop back up when it was learned that the IMF/EU may have made a deal with the Greeks in the form of a 5 year austerity plan. This has to pass the parliament first, so the knee-jerk reaction will more than likely provide higher levels in which to sell from. We still like selling rallies, and are looking for bearish action around the 1.20 area which was support 24 hours ago.

Originally posted here
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AUD/USD Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:35 AM PDT

By ForexMansion.com

 
AUD/USD fell hard on Thursday, but the 1.05 continues to hold – forming a hammer for the day. This is another bullish sign, but one cannot help but see the lower highs recently. Because of this, we feel an explosive move is coming, but aren't sure which direction it will point. Because of this, we are waiting for a long green or red candle before making any further decisions.

Originally posted here
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AUD/NZD Technical Analysis For June 24, 2011

Posted: 23 Jun 2011 09:34 AM PDT

By ForexMansion.com

 
The AUD/NZD pair fell, but bounced to form a small, red candle on Thursday, showing just how consolidative this pair is at the moment in this range. As the pair heads towards the 1.28 area, we start to look for bullish candles. We could reach that area on Friday. Until we get closer to 1.28, we are sitting still.

Originally posted here
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USD/CAD Daily Fundamental Analysis For June 24, 2011

Posted: 23 Jun 2011 01:34 AM PDT

By ForexMansion.com
The USD/CAD pair rose strongly on Thursday, as concerns over the outlook for economic growth all around the globe after the Fed's Chairman confirmed on Wednesday the U.S. economic recovery is losing pace, while data from the labor market showed further weakness, as the jobless claims rose unexpectedly last week, which spread pessimism among investors over the outlook of the labor market.
Crude oil prices tumbled as well amid the huge pessimism, which put downside pressure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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