Tuesday, June 28, 2011

DailyMarkets.com - Gas Prices – 10 Best Ways To Save Money At The Pump This Summer

DailyMarkets.com - Gas Prices – 10 Best Ways To Save Money At The Pump This Summer

Gas Prices – 10 Best Ways To Save Money At The Pump This Summer

Posted: 28 Jun 2011 07:30 AM PDT

With gas prices rising and the summer holidays approaching, I’m sure many of you must be wondering how you can save the most money while being on the road. Gasoline costs are definitely higher this year compared to last year, but that shouldn’t put you off a well-planned road trip this summer. Here are 10 tips I have compiled which will enable you to shave off your fuel bill this summer if you’re planning on hitting the road.

1. Don't leave your engine running when the car is not in use. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 28 Jun 2011 07:18 AM PDT

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

Canadian Dollar: Key ST Resistance At 993

Posted: 28 Jun 2011 07:18 AM PDT

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

Euro Enigma Confounds Gold Traders

Posted: 28 Jun 2011 07:18 AM PDT

Today’s Idea 6/28/2011
The question of European debt has proved to be an enigma for traders. On one hand, the debt situation makes Gold appealing to traders as a risk aversion tool. On the other hand, it has help fuel the US Dollar versus the Euro, which has made Gold and other commodities unappealing in dollar terms. Ultimately, traders may have to look past the currency situation and look at the bigger picture with Gold. The recent sharp drop in prices could provide value-minded traders with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYMT Issues Public Offering

Posted: 28 Jun 2011 07:05 AM PDT

New York Mortgage Trust, Inc. (NYMT) recently announced the commencement of an underwritten public offering of 2 million shares. To provide cover for over allotments, New York Mortgage also plans to offer an option to the underwriters of purchasing an additional 300,000 shares.
New York Mortgage expects to utilize the proceeds generated from the transaction to buy its targeted assets, including commercial mortgage loans and commercial mortgage-backed securities and Agency residential … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Roche Partners With Evotec

Posted: 28 Jun 2011 07:05 AM PDT

Roche Holdings Ltd. (RHHBY) recently announced a collaboration with Evotec AG for the development of oncology drugs. Under the agreement, Evotec will use its PhosphoScout platform to discover protein-phosphorylations, which will help in predicting favorable dosage and efficacy of targeted cancer drugs in patients.
Furthermore, Roche will conduct clinical trials and evaluate the development of companion diagnostics for the purpose of patient stratification.
Initially, for three years, Roche … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Shaw Communications

Posted: 28 Jun 2011 07:05 AM PDT

Shaw Communications Inc.(NYSE:SJR) is slated to release its third quarter 2011 results on Wednesday, June 29, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at 40 cents, representing an annualized growth of 11.11%.
With respect to earnings surprises over the trailing four quarters, Shaw Communications has outperformed the Zacks Consensus Estimate in two quarters while it missed the estimate by 3 cents in one quarter and in the last quarter it was in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Extend Gains On Dollar Weakness

Posted: 28 Jun 2011 07:03 AM PDT

Forex Pros – pros &ndash; Crude oil futures extended gains on Tuesday, climbing to a two-day high as prices were supported by a weaker U.S. dollar, while investors awaited further developments in regards to Greece&rsquo;s sovereign debt crisis. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD91.50 a barrel during U.S. morning trade, jumping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. CB Consumer Confidence Falls To 7-month Low

Posted: 28 Jun 2011 07:02 AM PDT

Forex Pros – pros &ndash; U.S. consumer confidence fell more-than-expected in June, slumping to a seven-month low, industry data showed on Tuesday.<br /><br />In a report, the Conference Board, a market research group said its index of consumer confidence fell to 58.5 in June from a reading of 61.7 in May, which was revised up from 60.8. <br /><br />Analysts had expected the index to ease down to 60.3 in June.<br /><br />The report showed that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sleepers In The E-Commerce Boom

Posted: 28 Jun 2011 07:00 AM PDT

Sleepers in the E-Commerce Boom
by Justin Dove, Investment U Research
Tuesday, June 28, 2011
E-commerce is one of the few areas of constant growth in the United States these days. It's the reason Wal-Mart (NYSE:WMT) wants to unseat Amazon (NASDAQ:AMZN) as the leader in online retail sales.
Check out what the first-quarter 2011 comScore report had to say about online retail sales:

Online retail sales totaled $38 billion in the first quarter of 2011. This marks a 12 percent rise over the first quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Semi-Annual Grammar/Punctuation/Spelling Rant: Why Is This Simple Grammar Rule SO Difficult?

Posted: 28 Jun 2011 06:53 AM PDT

Please indulge me in my semi-annual supercilious grammar – punctuation – spelling rant. Here’s some background, here’s the rule, and here are some recent examples below from CD comments of the misuse of “it’s” for “its.”  Excuse my snobish confusion, but I still can’t figure how or why such a simple rule (from about the third grade maybe?) gives so many intelligent people so much trouble?  “It’s” is a contraction for “it is” and if you can’t substitute “it is” for “it’s” you should be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Hits Two Day Low As Oil Prices Recover Ground

Posted: 28 Jun 2011 06:37 AM PDT

Forex Pros – pros &ndash; The U.S. dollar fell to a two-day low against its Canadian counterpart on Tuesday, as risk appetite made a cautious re-emergence and crude oil, Canada&rsquo;s largest export, regained ground.<br /><br />USD/CAD hit 0.9844 during early U.S. trade, the pair&rsquo;s lowest since June 24; the pair subsequently consolidated at 0.9852, slipping 0.08%.<br /><br />The pair was likely to find support at 0.9769, the low of June 24 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VPHM’s Epilepsy Drug Recommended

Posted: 28 Jun 2011 06:30 AM PDT

The European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recently gave the go ahead to ViroPharma Inc.'s (NASDAQ:VPHM) Buccolam (midazolam, oromucosal solution). The company is seeking approval for Buccolam to be used as a treatment for prolonged, acute, convulsive seizures in infants, toddlers, children and adolescents, from 3 months to less than 18 years.
The European Commission's (EC) decision on ViroPharma's Pediatric Use Marketing Authorization (PUMA) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Bond Market Conundrum

Posted: 28 Jun 2011 06:30 AM PDT

Yields on treasury bonds were expected to start trending up as the end point for the Fed’s $600 billion QE2 program came closer. The thinking was that as the Fed stopped buying these bonds, yields will have nowhere to go but up. This fairly plausible view, which has Pimco’s Bill Gross as one of its exponents, has failed to materialize thus far.

With QE2 just days away from coming to a close, yields on the benchmark 10-year treasury bond are below 2.9%. Yields on the shorter maturity treasury … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: American Capital Agency Corp., Amazon.com, Best Buy Co., Dreamworks Animation SKG, Expeditors International Of Washington, Icagen, LDK Solar Co. Ltd., Molex Incorporated, Morgan Stanley, Pfizer, Universal Forest Products

Posted: 28 Jun 2011 06:30 AM PDT

    Shares of online company Amazon.com, Inc. (NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley (NYSE:MS) opined that the company’s fourth quarter profits and margins will outperform the Street’s expectations

    Share prices of Icagen, Inc. (NASDAQ:ICGN) zoomed up 163.76% to close at $6.33 after Pfizer Inc. (NYSE:PFE) disclosed that the drug manufacturer is planning to enter into a strategic alliance with Icagen

    The Board of directors of LDK Solar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Activision Entices Hunters

Posted: 28 Jun 2011 06:30 AM PDT

Activision Blizzard Inc.(NASDAQ:ATVI) and Cabela, the world’s largest direct marketer of hunting, fishing, camping and related outdoor merchandise, joined forces for Big Game Hunter 2012, a modern and state-of-the-art hunting game. The game that claims to entice gamers with one of the most realistic hunts yet is scheduled for release on September 27, 2011.
Like other hunting games by Cabela, Big Game Hunter 2012 is equipped with Top Shot Elite gun peripheral that promises to excite gamers with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 28 Jun 2011 06:18 AM PDT

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

Swiss Franc: The Downside Prevails

Posted: 28 Jun 2011 06:18 AM PDT

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

Euro: Under Pressure

Posted: 28 Jun 2011 06:18 AM PDT

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

British Pound: Caution

Posted: 28 Jun 2011 06:18 AM PDT

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

Dollar Eases As Risk Rally Builds Ahead Of Greek Vote

Posted: 28 Jun 2011 06:14 AM PDT

Dealers opening office windows in Sydney or tuning into a radio station in New York are hearing the same story the world over as lawmakers in Greece prepare for Wednesday's critical vote over an austerity package. Without the support of the government Greece will find itself in complete isolation and a matter of days away from insolvency, unable to pay already outraged public workers. If the Prime Minister does find enough votes to pass the bill into law the economy will move along in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Make Enough Money But Raleigh Mortgage Lender Won’t Count It

Posted: 28 Jun 2011 06:11 AM PDT

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


S&P/Case-Shiller Home Price Index Falls More-than-expected

Posted: 28 Jun 2011 06:08 AM PDT

Forex Pros – pros &ndash; The S&amp;P/Case-Shiller home price index fell more-than-expected in April, declining for the tenth consecutive month, industry data showed on Tuesday.<br /><br />In a report, Standard &amp; Poor with Case-Shiller said its house price index fell by 4.0% in April, after dropping 3.8% in March, whose figure was revised from a decline of 3.6%.<br /><br />Analysts expected the house price index to fall by 3.9% in April.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Erases Losses After Trichet Inflation Remarks

Posted: 28 Jun 2011 06:08 AM PDT

Forex Pros – pros &ndash; The euro erased losses against the yen on Tuesday, rising to a four-day high after European Central Bank President Jean-Claude Trichet said the bank was in &ldquo;strong vigilance mode,&rdquo; pointing towards a possible interest rate hike next week.<br /><br />EUR/JPY clawed back up from 115.11, the daily low to hit 115.59 during European afternoon trade, easing up 0.05%.<br /><br />The pair was likely to find support at 113.82, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Ceiling Pounded Again At 1.4327

Posted: 28 Jun 2011 06:07 AM PDT

The EURUSD has a defined ceiling in place today with teh 1.4328 level providing the resistance/profit taking level. The level is also near the trendline resistance from the daily chart at the 1.4343.   A move above each will likely lead to further upward momentum.

The EURUSD is supported this morning despite rioting in the streets in Greece as the government prepares for what is reported as a very close vote tomorrow for Greece austerity. A failed vote would certainly be perceived … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HON Tenders For EMS Tech

Posted: 28 Jun 2011 06:06 AM PDT

Honeywell International Inc.'s (NYSE:HON) wholly owned subsidiary, Egret Acquisition Corp., initiated the cash tender offer to acquire all outstanding shares of EMS Technologies Inc. for $33 per share, without interest and net of applicable withholding taxes. Moreover, the company will acquire the associated common stock purchase rights.
After the successful completion of the tender offer and fulfillment of certain conditions, a second-step merger will be completed by Egret Acquisition Corp. In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smithfield To Explore Packaged Meat

Posted: 28 Jun 2011 06:06 AM PDT

Following the pull out from the acquisition deal of Spain's Campofrio Food Group SA in June, Smithfield Foods Inc. (NYSE:SFD) is now looking for potential opportunities in packaged-meats such as in smoked ham, bacon and frozen meatballs in an effort to enhance its brand value in the emerging markets.
Currently, Smithfield is eyeing on Sara Lee Corp. (NYSE:SLE), which is spinning off its beverage business to focus on meat. As an alternative, the company might get interested in China’s People's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Trichet Boosts EUR With Talk Of “Strong Vigilance”

Posted: 28 Jun 2011 05:53 AM PDT

The currency markets continue to await the austerity vote on Greece, but in the meanwhile we did remember why the EUR had been so strong up until the latest act in the Greece saga which erupted at the beginning of May, and that was the fact that the ECB had entered a rate hiking campaign.
ECB President Trichet signaled again today that an interest rate increase is coming in July as he used the term "strong vigilance" in a speech today. As that crossed the newswires the Euro saw a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil, Gold To Rise As US Dollar Weakens Ahead Of Greece Vote

Posted: 28 Jun 2011 05:52 AM PDT

Commodities – Energy
Crude Oil Begins Bounce as Greek Vote Approaches
WTI Crude Oil (NY Close): $90.61 // -0.55 // -0.60%
As we discussed yesterday, a pickup in risk appetite is likely to materialize ahead of the Greek budget vote on Wednesday on expectations that new austerity measures will be successfully adopted, opening the door for new EU/IMF aid and dissipating immediate default risk. Indeed, Greek Prime Minister Papandreou survived a confidence vote last week on the premise that he … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Tests 100 Hour MA And Backs Off On First Test

Posted: 28 Jun 2011 05:51 AM PDT

The GBPUSD has moved higher and the pair has caught up with the 100 hour MA for the first time since the GBPUSD sharp fall low on June 22nd that saw the price move from 1.6261 to the low of 1.5910 earlier today.  In reality, the pair has been consolidating since the 23rd.  The catching up of the 100 hour MA is typically a point where the "market" has to make a decision – Does the price continue to correct higher and move toward the 38.2% retracement next at the 1.6044 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dan Mitchell: Replace Medicaid With Block Grants

Posted: 28 Jun 2011 05:47 AM PDT

U.S. Futures Dip With Greece, Data In Focus; Dow Sheds 0.15%

Posted: 28 Jun 2011 05:37 AM PDT

Forex Pros – pros &ndash; U.S. stock futures pointed to a modestly lower open on Tuesday, as markets awaited further developments in regards to Greece&rsquo;s sovereign debt crisis as well as reports on home prices and consumer confidence. <br /><br />Dow Jones Industrial Average futures pointed to a decline of 0.15%, the S&amp;P 500 futures edged 0.1% lower, while Nasdaq 100 futures indicated a drop of 0.2%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AEM Mine Output Unscathed By Fire

Posted: 28 Jun 2011 05:35 AM PDT

Toronto based Agnico-Eagle Mines (NYSE:AEM) announced that gold production at its Meadowbank operation in Canada’s Nunavut territory will be around 50% higher in the second half of 2011 compared with the first six months of the year.
As per the company, total group production is also expected to be higher, and costs are anticipated to improve in the second half of 2011.
A few months back, a fire broke out at Meadowbank and destroyed the kitchen and dining room facilities forcing the company to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DryShips Upgraded To Neutral

Posted: 28 Jun 2011 05:35 AM PDT

We upgrade our recommendation on DryShips Inc. (NASDAQ:DRYS) to Neutral following our view that the upcoming initial public offering of Ocean Rig deepwater drilling unit will unlock the value of its huge potential. We believe ultra deepwater drilling business will drive the stock price in the near future. DryShips is steadily transforming itself as a drillship company from a drybulk cargo operator. As a result, both the top line and bottom line are expected to benefit from lucrative ultra deep-water … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Confidence Slipping On Greece As Violent Protests Erupt In Athens

Posted: 28 Jun 2011 05:24 AM PDT

Risk-aversion was the theme in the pre-North American session as violent protests erupted in Athens, Greece ahead of tomorrow's key austerity measure, sending the Euro lower against the funding currencies. The Euro continued to slide against the Japanese Yen, Swiss Franc and U.S. Dollar; down 0.42 percent, 0.18 percent and 0.15 percent, respectively, paring back yesterday's gains. The Euro remains under heavy pressure despite signs that the austerity measures will ultimately pass, as it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sheila Bair’s American Review And Recommendations

Posted: 28 Jun 2011 05:17 AM PDT

Few people in our nation today have the perspective, the credibility, and the courage to expose the deep, systemic shortcomings within our national psyche and practices.
Sheila Bair possesses all of these traits.
Our soon to depart chair of the FDIC provided a 'sense on cents' classic last Friday in her farewell remarks at the National Press Club.
As  I read and reread her remarks I kept saying to myself, "give me more!!" 
I do believe Ms. Bair's remarks should be required … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pound Continues To Be Pressured As King, Posen Defend Low Rates

Posted: 28 Jun 2011 05:10 AM PDT

The Pound continues to be pressured by its economic outlook, as Bank of England policy makers try and decide what to do next with monetary policy. The door was opened up to more quantitative easing by the central bank in its previous BOE Minutes, which has caused traders to sell the Pound. One of the more dovish members – Adam Posen – said that the BIS's call for countries around the world to raise interest rates was "nonsense", a suggestion that the bank is not close to raising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Edges Higher Vs. Rivals As Greece Vote Looms

Posted: 28 Jun 2011 05:07 AM PDT

Forex Pros – pros &ndash; The U.S. dollar edged higher against most of its major counterparts in choppy trade on Tuesday, while the euro gave up modest gains ahead of a critical Greek vote on austerity measures, upon which a crucial bailout depends.<br /><br />During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.10% to hit 1.4272.<br /><br />Greece’s parliament was due to vote on a EUR28.4 billion, five-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Can Apple’s ICloud Save Hollywood?

Posted: 28 Jun 2011 05:00 AM PDT

Can Apple's iCloud Save Hollywood?
by Tony D'Altorio, Investment U Research
Tuesday, June 28, 2011
In recent years, the bright lights of Hollywood dimmed as its revenue declined, thanks in large part to the advent of new technologies.
Income streams from sales of CDs and DVDs slowed to a trickle thanks to the streaming of media via the internet and companies like Netflix (NASDAQ:NFLX). Netflix is now the largest subscription entertainment company in the United States. It has over 23.6 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits Fresh 5-month Low After King Remarks

Posted: 28 Jun 2011 04:37 AM PDT

Forex Pros – pros &ndash; The pound extended losses against the U.S. dollar on Tuesday, falling to a fresh five month low after Bank of England Governor Mervyn King said he was making contingency plans for a Greek sovereign debt default.<br /><br />GBP/USD hit 1.5913 during European early afternoon trade, the pair&rsquo;s lowest since January 31; the pair subsequently consolidated at 1.5953, shedding 0.21%.<br /><br />Cable was likely to find support at 1.5819, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Forms Double Top Ahead Of US Session

Posted: 28 Jun 2011 04:20 AM PDT

Early US Session Contains EUR/USD Rally in a Declining Wedge (6/27)
EUR/USD

Short to Medium-Term- The EUR/USD began the week with a sharp reversal against price action from the end of last week. The 1H chart shows the market break above last week's high, and push the RSI above 60, breaking bearish momentum.
- In the European session however, the market was unable to continue the rally, and instead formed a double top, with the base support right at the 200SMA.
- After such a sharp rally, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Gives Up Gains Against Dollar In Volatile Trade

Posted: 28 Jun 2011 04:04 AM PDT

Forex Pros – pros &ndash; The euro gave up modest against the U.S. dollar on Tuesday, pulling back from a three-day high, amid growing nervousness ahead of a crucial Greek vote on austerity measures.<br /><br />EUR/USD pulled back from 1.4328, the pair&rsquo;s highest since June 23, to hit 1.4258 during European early afternoon trade, slipping 0.21%.<br /><br />The pair was likely to find support at 1.4101, Monday&rsquo;s low and a seven day low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cotton Futures Tumble On Easing Global Supply Concerns

Posted: 28 Jun 2011 03:33 AM PDT

Forex Pros – pros &ndash; Cotton futures were sharply lower on Tuesday, declining for the first time in three days as easing concerns over global cotton supplies weighed on prices.<br />&nbsp;&nbsp;&nbsp; <br />On the ICE Futures U.S. Exchange, cotton futures for October delivery traded at USD1.2664 a pound during European morning trade, tumbling 2.1%. <br /><br />It earlier fell as much as 2.5% to a daily low of USD1.2542 a pound.&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Greece The Major Market Mover

Posted: 27 Jun 2011 04:25 PM PDT

By ForexMansion.com
 
Investors were slightly optimistic today ahead of a key vote by the Greek parliament on new austerity measures that are needed in order for Greece to receive bailout by the IMF and the EU and avoid default.
However, investors are somewhat cautious since markets so far presume the vote will be favorable and anything but that will spread fear and panic within the financial markets.
Meanwhile Greece faces general strikes. As thousands of protesters opposing the austerity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 29, 2011

Posted: 27 Jun 2011 04:18 PM PDT

By ForexMansion.com
The USD/JPY pair traded in a narrow range early Tuesday despite the strong dollar, as better than expected retail sales helped the yen to overcome the dollar pressure.
The Japanese retail trade for May increased by 2.4% better than the expectations for 1.2%. The improvement in retail sales enhance the market sentiment for the Japanese currency, and prevent the yen from falling more against the dollar.
On the other hand, the Japanese data could reflect another improvement in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 29, 2011

Posted: 27 Jun 2011 04:14 PM PDT

By ForexMansion.com
Jitters in the market remain from the escalating European debt crisis that has negative results on the global economic growth which pushed the New Zealand currency down on concerns over a slowdown in the global economic recovery. 
 
The NZ dollar declined against its major counterpart, as the expectations indicated that European Finance Ministers may fail to resolve the debt crisis facing Greece. 
 
On the other hand, the market will continue its downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 29, 2011

Posted: 27 Jun 2011 04:09 PM PDT

By ForexMansion.com
Australia’s dollar reversed its downside movement to the upside against its US major counterpart after the world’s largest economy reported a drop in personal income and spending and the tension in the market slightly eased allowing equities to move higher.
On the other hand, the European Debt Crisis jitters have eased slightly as confidence rises that Greece will avoid default with the support from the EU, encouraging investors to buy higher yielding currencies, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 29, 2011

Posted: 27 Jun 2011 04:07 PM PDT

By ForexMansion.com
The AUD/NZD pair continued its downside movement early Tuesday, even after the Australian dollar reversed its downside movement against the dollar.
The disappointing U.S. data supported Aussie to overcome its downside movement, and opened the way for more gains for the Australian currency after its previous losses which drove it to the lowest level in 10 weeks against the greenback.
The NZ dollar witnessed some downside movement against all majors, as expectations indicated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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