Tuesday, June 7, 2011

DailyMarkets.com - German Factory Orders Rise More-than-expected In April

DailyMarkets.com - German Factory Orders Rise More-than-expected In April

German Factory Orders Rise More-than-expected In April

Posted: 07 Jun 2011 03:04 AM PDT

Forex Pros – German factory orders rose significantly more-than-expected in April, official data showed on Tuesday.<br /><br />In a report, Deutsche Bundesbank said factory orders rose by a seasonally adjusted 2.8% in April, after falling by 2.7% in March, whose figure was revised from a decline of 4.0%.&nbsp;&nbsp; <br /><br />Analysts had expected German factory orders to rise by 2.0% in April.<br /><br />Year-on-year, German factory orders rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Extends Losses As U.S. Economic Outlook Weighs

Posted: 07 Jun 2011 03:02 AM PDT

Forex Pros – The U.S. dollar extended broad losses against its major rivals on Tuesday, after a high ranking Chinese official said the dollar would continue to weaken against other major currencies.<br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.63% to hit 1.4669.<br /><br />Earlier in the day, official data showed that euro zone retail sales jumped more-than-expected in April.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Steady Near 10-month High

Posted: 07 Jun 2011 02:55 AM PDT

Forex Pros – Natural gas futures fluctuated between small gains and losses on Tuesday, but remained close to a ten-month high as warmer-than-normal temperatures across much of the U.S. next week boosted demand expectations for the fuel.&nbsp; <br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.829 per million British thermal units during European morning trade, easing up 0.12%.&nbsp; <br /><br />The July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Pares Gains After Weak U.K. House Price Report

Posted: 07 Jun 2011 02:50 AM PDT

Forex Pros – The pound pared back gains against the U.S. dollar on Tuesday, pulling away from a four-day high after a report showing that U.K. house prices inched higher in May but fell at the fastest annual rate in one-and-a-half years.<br /><br />GBP/USD pulled back from 1.6473, the pair&rsquo;s highest since June 1, to hit 1.6429 during European morning trade, still up 0.46% on the day.<br /><br />Cable was likely to find support at 1.6304, the low of June 2 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits Fresh 1-month High After Retail Sales Jump

Posted: 07 Jun 2011 02:35 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, advancing to a fresh one-month high after official data showed that euro zone retail sales jumped in April, in spite of concerns over the regions sovereign debt crisis. <br /><br />EUR/USD hit 1.4682 during European morning trade, the pair&rsquo;s highest since May 5; the pair subsequently consolidated at 1.4666, climbing 0.62%. <br /><br />The pair was likely to find support at 1.4450, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cotton Futures Drop To 1-week Low As U.S. Crops Improve

Posted: 07 Jun 2011 02:27 AM PDT

Forex Pros – Cotton futures were down for a third day on Tuesday, slumping to a one-week low after government data showed that U.S. crop conditions improved last week, easing concerns over tightening supplies.&nbsp;&nbsp; <br />&nbsp;&nbsp;&nbsp; <br />On the ICE Futures U.S. Exchange, cotton futures for July delivery traded at USD1.5419 a pound during European morning trade, dropping 0.9%. <br /><br />It earlier fell to USD1.5347 a pound, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Slumps To 2-day Low As U.S. Growth Outlook Weighs

Posted: 07 Jun 2011 02:21 AM PDT

Forex Pros – The U.S. dollar slumped to a two-day low against its Canadian counterpart on Tuesday, as recent weaker-than-expected U.S. economic data underlined the view that the Federal Reserve is unlikely to raise interest rates this year.<br /><br />USD/CAD hit 0.9747 during European morning trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 0.9756, shedding 0.53%.<br /><br />The pair was likely to find support at 0.9666, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Who Decides How Much House You Can Buy And Mortgage Approvals In Raleigh Area

Posted: 07 Jun 2011 02:07 AM PDT

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


Euro Zone Retail Sales Rise More-than-expected In April

Posted: 07 Jun 2011 02:05 AM PDT

Forex Pros – Retail sales in the euro zone rose more-than-expected in April, advancing for the first time in three months, official data showed on Tuesday. <br /><br />In a report, Eurostat said retail sales rose by a seasonally adjusted 0.9% in April, after falling by 0.9% in March, whose figure was revised from a decline of 1.0%.&nbsp; <br /><br />Analysts had expected retail sales to rise by 0.3% in April.<br /><br />The report showed that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone Retail Sales (April) 0.9% Vs. 0.3% Expected.

Posted: 07 Jun 2011 02:00 AM PDT

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


Forex – Dollar Hovering Just Above Record Low Against Swiss Franc

Posted: 07 Jun 2011 01:55 AM PDT

Forex Pros – The U.S. dollar was trading close to a record low against the Swiss franc on Tuesday, as concerns over a slowdown in the rate of U.S. economic growth dampened demand for the greenback.<br /><br />USD/CHF hit 0.8328 during European morning trade, the daily low; the pair subsequently consolidated at 0.8326, slipping 0.19%.<br /><br />The pair was likely to find short-term support at 0.8250, and resistance at 0.8445, last Friday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Broadly Higher As Lenders Gain; DAX Up 0.7%

Posted: 07 Jun 2011 01:37 AM PDT

Forex Pros – European stock markets were broadly higher on Tuesday, rebounding from a ten-week low as shares in the financial sector led gains, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 rose 0.5%, France&rsquo;s CAC 40 gained 0.45%, while Germany’s DAX 30 climbed 0.7%.<br /><br />Concerns over Greek sovereign debt eased after European Central Bank President Jean-Claude Trichet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower As U.S. Growth Concerns Weigh

Posted: 07 Jun 2011 01:01 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, after a recent string of weaker-than-expected U.S. data reinforced expectations that the Federal Reserve will not raise interest rates for some time to come.<br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.54% to hit 1.4655.<br /><br />The greenback was also down against the pound, with GBP/USD climbing 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound Rises To Daily High Against Broadly Weaker Dollar

Posted: 07 Jun 2011 12:50 AM PDT

Forex Pros – The pound was up against the broadly weaker U.S. dollar on Tuesday, as concerns over a slowdown in the U.S. economic recovery after a soft patch of recent data continued to weigh on the greenback.<br /><br />GBP/USD hit 1.6432 during European morning trade, the daily high; the pair subsequently consolidated at 1.6423, gaining 0.41%.<br /><br />Cable was likely to find support at 1.6304, the low of June 2 and resistance at 1.6459, Monday&rsquo;s high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Halifax U.K. HPI Rises Less-than-expected In May

Posted: 07 Jun 2011 12:27 AM PDT

Forex Pros – British house prices rose less-than-expected in May, industry data showed on Tuesday.<br /><br />In a report, the Halifax Bank of Scotland said its House Price Index rose by 0.1% in May, after falling by 1.4% in April. <br /><br />Economists expected the index to rise by 0.4% in May.<br /><br />The report showed that U.K. house prices fell at an annualized rate of 4.2% in May, while prices in the three months to May were 1.2% lower than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss CPI Unexpectedly Flat In May

Posted: 07 Jun 2011 12:19 AM PDT

Forex Pros – Consumer price inflation in Switzerland was unexpectedly flat in May, official data showed on Tuesday.<br /><br />In a report, the Swiss Federal Statistics Office said consumer price inflation was flat in May, after rising by 0.1% in April. <br /><br />Analysts had expected Swiss CPI to decline by 0.1% in May.&nbsp; <br /><br />The report said that the year-over-year rate of inflation rose at an annualized 0.4% in May, compared to an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Erase Losses Amid OPEC Uncertainty

Posted: 07 Jun 2011 12:12 AM PDT

Forex Pros – Crude oil futures erased losses on Tuesday, rebounding from a two-day low amid uncertainty ahead of an upcoming meeting of the Organization of the Petroleum Exporting Countries, while a soft U.S. dollar also lent support. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD98.97 a barrel during late Asian trade, edging 0.12% higher.&nbsp;&nbsp; <br /><br />It earlier fell as much as 0.6% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reserve Bank Of Australia Holds Cash Rate At 4.75%

Posted: 06 Jun 2011 11:59 PM PDT

The Reserve Bank of Australia maintained the cash rate unchanged at 4.75%.  The Bank said: “the Board judged that the current mildly restrictive stance of monetary policy remained appropriate”.  On inflation the Bank “expects that, as the temporary price shocks dissipate over the coming quarters, CPI inflation will be close to target over the next 12 months”.

At its previous meeting the Bank also held the cash rate unchanged at 4.75% in May this year.  Australia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Yen Off 1-month High Vs. Dollar After Japan Fin Min Warning

Posted: 06 Jun 2011 11:56 PM PDT

Forex Pros – The yen pulled back from a one-month high hit against the U.S. dollar on Tuesday, after Japan&rsquo;s finance minister said he will &ldquo;closely watch&rdquo; the currency market, in a fresh warning against speculative yen buying.<br /><br />USD/JPY clawed back up from 79.96, the pair&rsquo;s lowest since May 5 to hit 80.27 during late Asian trade, gaining 0.22%.<br /><br />The pair was likely to find short-term support at 79.96 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Hits 2-day High As Market Sentiment Strengthens

Posted: 06 Jun 2011 11:33 PM PDT

Forex Pros – The New Zealand dollar was up against its U.S. counterpart on Tuesday, rising to a two-day high as market sentiment improved, boosting demand for higher yielding assets.<br /><br />NZD/USD hit 0.8194 during late Asian trade, the pair&rsquo;s highest since Friday, the pair subsequently consolidated at 0.8191, gaining 0.59%.<br /><br />The pair was likely to find support at 0.8071, Friday&rsquo;s low and resistance at 0.8262, the high of May 31 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Steadies Near 5-week High On Global Growth Concerns

Posted: 06 Jun 2011 11:25 PM PDT

Forex Pros – Gold futures edged higher on Tuesday, trading close to a five-week high as concerns over the global economic recovery and a broadly weaker U.S. dollar enhanced the appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,546.45 a troy ounce during late Asian trade, easing up 0.11%. <br /><br />The August contract traded between a range of USD1,543.35, the daily low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Enzon Pharmaceuticals (ENZN)

Posted: 06 Jun 2011 11:05 PM PDT

Enzon Pharma’s (NASDAQ:ENZN) first quarter 2011 net loss of $0.07 per share was narrower than the year-ago loss of $0.20 due to substantial cost cutting by management. The discontinuation of the development of PEG-SN38 for mCRC was a major blow to Enzon, leaving it with just one clinical program in mid-stage development and all other programs in early stages of development.
Moreover, royalties from the sales of PegIntron, comprising a substantial part of revenues, have been declining. Recent FDA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Cummins, Inc. (CMI)

Posted: 06 Jun 2011 11:05 PM PDT

Cummins Inc. (NYSE:CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. The company’s results improved significantly in the most recent quarter, driven by the truck market recovery in North America and continued strength in non-U.S. markets.
Earnings exceeded the Zacks Consensus Estimate by $0.31 per share during the quarter. Furthermore, Cummins raised its EBIT guidance for 2011 based on higher profits in the first quarter of 2011.
These factors have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Standard Motor Products

Posted: 06 Jun 2011 11:05 PM PDT

Standard Motor Products (NYSE:SMP) isn’t a flashy social-networking company, but what it does have is earnings and a very compelling valuation. That and rising estimates makes this Zacks #1 stock a strong momentum player.
Company Description
Standard Motor Products, Inc. manufactures and sells replacement parts for motor vehicles in the auto aftermarket industry in the US, Canada and Latin America. The company was founded in 1919 and has a market cap of $338 million.
Standard has been chugging … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Key Energy Services

Posted: 06 Jun 2011 11:05 PM PDT

Key Energy Services, Inc (NYSE:KEG) analysts raised their estimates after the most recent quarterly report. Earnings came in above expectations thanks to a swelling top line.
Shares are now a Zacks #1 Rank (Strong Buy) and with the company increasing its capital outlay, the growth should continue.
Company Description
Key Energy Services is an onshore rig-based oil and gas well servicing company. They offer maintenance, workover and recompletion of existing wells and plugging tapped out wells. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Dover Corporation

Posted: 06 Jun 2011 11:05 PM PDT

Dover Corporation (NYSE:DOV) recently reported better than expected results for the first quarter of 2011. Revenue jumped 24% as each segment experienced strong volume growth.
Management issued bullish guidance for the full year of 2011, prompting analysts to raise their estimates. Based on consensus estimates, analysts expect 27% growth this year and 15% in 2012. It is a Zacks #2 Rank (Buy) stock.
Dover has also been consistently raising its dividend over the last decade. It currently yields a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down After RBA Keeps Interest Rate Unchanged

Posted: 06 Jun 2011 10:59 PM PDT

Forex Pros – The Australian dollar was down against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left its benchmark interest rate unchanged as signs of moderating employment growth indicate inflation will stay contained. <br /><br />AUD/USD hit 1.0672 during late Asian trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 1.0677, shedding 0.31%.<br /><br />The pair was likely to find support at 1.0593, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 06 Jun 2011 10:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4611, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday&rsquo;s low, and resistance at 1.4658, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8934 and EUR/JPY rising 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Decline As Oil Producers Retreat; Nikkei Sheds 0.2%

Posted: 06 Jun 2011 10:50 PM PDT

Forex Pros – Asian stock markets declined on Tuesday, as shares in oil producers led losses after crude prices dipped below USD100 a barrel, while Japanese exporters retreated amid global growth concerns. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.65%, South Korea’s Kospi Composite fell 0.83%, while Japan&rsquo;s Nikkei 225 Index shed 0.18%. <br /><br />Shares in Japanese exporters were broadly lower, as concerns over the global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Edges Higher, Nearing One-month High

Posted: 06 Jun 2011 10:26 PM PDT

Forex Pros – The euro was up against the U.S. dollar on Tuesday, re-approaching the one-month high after falling in the previous session on the back of concerns over Greece’s anticipated financing package.<br /><br />EUR/USD hit 1.4616 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4607, gaining 0.21%.<br /><br />The pair was likely to find support at 1.4450, last Friday&rsquo;s low and short-term resistance at 1.4641, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 06 Jun 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6352, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, Friday&rsquo;s low, and resistance at 1.6461, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8933 and GBP/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reserve Bank Of Australia Leaves Interest Rate Unchanged

Posted: 06 Jun 2011 10:20 PM PDT

Forex Pros – The Reserve Bank of Australia kept its benchmark interest rate unchanged for the sixth straight meeting in June, it announced on Tuesday.<br /><br />In a statement, the RBA said it was keeping its benchmark interest rate unchanged at 4.75%, broadly in line with expectations.<br /><br />In its accompanying rate statement the RBA said, &ldquo;The floods and cyclones over the summer have reduced output in some key sectors. As a result there was a sharp … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. BRC Retail Sales Decline Unexpectedly In May

Posted: 06 Jun 2011 10:15 PM PDT

Forex Pros – The value of retail sales in the U.K. unexpectedly declined in May, industry data showed on Tuesday.&nbsp; <br /><br />In a report, the British Retail Consortium said that retail sales declined by 2.1% in May, after rising by 5.2% in April. <br /><br />Analysts had expected BRC retail sales to rise by 2.0% in May. <br /><br />Food sales slowed markedly after April’s strong growth and non-food sales were also much weaker. As the weather … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aussie Dips After RBA Holds OCR At 4.75% For Another Month

Posted: 06 Jun 2011 10:09 PM PDT

The RBA held the overnight cash rate at 4.75%. The immediate reaction so far has been Aussie, or AUD-negative. Perhaps Australian Dollar bulls wanted to hear about some steps towards raising rates while the report did not turn up the rhetoric. The AUD/USD is contained within ranging action and is heading towards local support pivots. The AUD/JPY has failed an upside break. Instead, it is now simply in a wider range. The Aussie showed the most vulnerability to the Kiwi, or NZD. The AUD/NZD … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours

Posted: 06 Jun 2011 09:55 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.2195, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.2079, Thursday&rsquo;s low, and resistance at 1.2259, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.21% to hit 1.4606 and EUR/JPY rising 0.46% 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: 06 Jun 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8354, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8329, Monday&rsquo;s low, and resistance at 0.8454, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.18% to hit 1.4602 and USD/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

John Taylor Sees US Dollar Double Bottom

Posted: 06 Jun 2011 09:18 PM PDT

John Taylor of FX Concepts is long the US Dollar, short the Euro. Everyone thinks that Ben Bernanke is bluffing with the delay of QE3. When the market wakes up and realises that QE3 will only come back when there ‘is blood on the street’, and not in Sept or Oct this year, then US Dollar shorts will cover hard. This is in tune with our Hurst Cycles.

Sure John Taylor is talking is book. We are waiting for the double bottom in the USD to prove to us that the bulls are in charge.

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

Forex – EUR/GBP Up During The Asian Session

Posted: 06 Jun 2011 09:00 PM PDT

Forex Pros – The Euro was higher against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8932, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 0.8771, Thursday&rsquo;s low, and resistance at 0.8938, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.16% to hit 1.4599 and EUR/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 06 Jun 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.19, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 79.98, Monday&rsquo;s low, and resistance at 81.32, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.06% to hit 1.4585 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Is Forming A Head And Shoulders Ahead Of The European Session

Posted: 06 Jun 2011 08:20 PM PDT

Gold and Silver Diverging in the Short-term (6/1)
Silver (XAG/USD)

Short-term
- Silver bounced off the 35.00 level last Friday but did not follow through this week as the market formed what appears to be a head and shoulder. A close below 36.45 is the first sign that the market has topped in the short-term. Then a break below the 61.8% retracement level near 36.00 suggests a bearish continuation scenario.
- A pullback that fails to break back above the 36.50 level could also improve the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In Asian Trading Hours

Posted: 06 Jun 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9802, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.9745, Friday&rsquo;s low, and resistance at 0.9852, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.02% to hit 1.4579 and GBP/USD falling 0.13% 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: 06 Jun 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0730, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.0588, Thursday&rsquo;s low, and resistance at 1.0775, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.3591 and AUD/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fundamental Preview: Will RBA Turn Up Rhetoric On Inflation In Interest Rate Decision?

Posted: 06 Jun 2011 07:23 PM PDT

The Reserve Bank of Australia is expected to hold rates steady at 4.75% following its interest rate meeting. The next interest rate is likely to come in a few months, with our forecast calling for August. But with recent data coming in strong, the RBA may decide to lay out some markets for further rate hikes, a move that could help the AUD.
Futures market are betting that there's a 12% chance for a rate hike this month, compared with 32% in July and 50% in August. If this perception is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 06 Jun 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4571, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday&rsquo;s low, and resistance at 1.4658, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8924 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade

Posted: 06 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Tuesday.<br/><br/> EUR/JPY was trading at 116.87, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 115.93, Friday&rsquo;s low, and resistance at 117.70, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.01% to hit 1.4577 and EUR/GBP rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alliance Global Group, Inc. (AGI) Target Price

Posted: 06 Jun 2011 05:49 PM PDT

Alliance Global Group, Inc. (AGI)
Consensus Target Price: PHP 13.72

Firm
Analyst
Target Price
Date Released

Macquarie
Ilagan
12.00
5/31/2011

Credit Suisse
Tinga
13.69
5/23/2011

CLSA
Venezuela
12.94
5/23/2011

CitisecOnline
Lu
17.25
5/20/2011

Wealth Securities
Avinante
14.25
5/18/2011

Phil. Equity Partners
Velasco
12.33
5/18/2011

SB Securities
Balita
14.11
5/18/2011

Kim Eng Securities
Nerecina
13.50
5/17/2011

HSBC
Monaghan
13.95
4/19/2011

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

Forex – GBP/JPY Up During The Asian Session

Posted: 06 Jun 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 131.13, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 130.68, Friday&rsquo;s low, and resistance at 132.85, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.08% to hit 1.6344 and EUR/GBP rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – The Dollar’s Weakness Overcomes Europe’s Debt Concerns

Posted: 06 Jun 2011 03:55 PM PDT

By ForexMansion.com
 
While stock markets seem to be tentative awaiting ECB’s and BoE’s rate decisions later this week, currency markets are gaining since this morning, where the euro reached a one month high on speculations Greece will get a portion of the second aid from EU and the IMF.
The European currency recovered the losses suffered on Monday when Jean-Claude Juncker said the single currency was “overvalued” and Greece’s aid program was not certain. However, the dollar’s downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 8, 2011

Posted: 06 Jun 2011 03:31 PM PDT

By ForexMansion.com
The AUD/NZD pair dropped sharply after the RBA announced its interest rate decision, where the Australian central bank decided to keep rates steady at 4.75% for the six straight meeting.
The Australian economy gives some optimistic signs as exports of iron ore and coal to China and other Asian countries surged, providing clues the economic recovery will rebound in the upcoming period, adding speculations the Reserve Bank of Australia will boost rates next quarter.
On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 08, 2011

Posted: 06 Jun 2011 03:30 PM PDT

By ForexMansion.com
The Australian dollar witnessed a sharply drop against major currencies, especially versus the dollar after the Reserve Bank of Australia's decision, which focused on interest rates for the month of June, where the RBA left its borrowing costs unchanged at a record 4.75% for the sixth straight month.
Australia’s Central Bank aims to support the economy to exit from its contraction during the first three months of the year due to the natural disasters that hit the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 08, 2011

Posted: 06 Jun 2011 03:30 PM PDT

By ForexMansion.com
The New Zealand currency, nicknamed the Kiwi, rallied against its major counterparts, while it continued its upside movement versus the dollar after U.S. stock markets fell for a fourth day amid concern economic growth is slowing and the Federal Reserve will boost capital requirements for the nation's largest banks.
Expectations indicate the New Zealand economy is to expand in the upcoming period as China’s demand for the nation’s commodity exports increased and housing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 8, 2011

Posted: 06 Jun 2011 03:29 PM PDT

By ForexMansion.com
The USD/JPY pair is trading in a narrow range since the beginning of the week, as the Japanese yen was able to keep its gains against the dollar after the greenback dropped versus its major counterparts after the disappointing jobs report.
The recent data released by the Japanese economy confirm that the domestic economy is still struggling, affected by the March earthquake. The overall domestic spending in Japan fell by 3.0% during April, while the labor sector also was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Daily Fundamental Analysis For June 7, 2011

Posted: 06 Jun 2011 12:48 PM PDT

By ForexMansion.com
 
Calm trading will probably continue as both economies lacks important fundamentals.
The dollar will probably remain under pressure as the Fed is predicted to leave the lose monetary policy this month to enhance recovery that started to lose steam. Non-farm payrolls slipped sharply to 54,000 in May, the lowest job creation level in eight months, from the revised 232,000 while unemployment roared to 9.1% from 9.0%.
The recent data from the UK is also providing some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For June 7, 2011

Posted: 06 Jun 2011 12:47 PM PDT

By ForexMansion.com
The Swiss economy will release CPI for the month of May at 07:15 GMT where expectations refer to steadiness at 0.3% in the year ending April while the monthly reading is estimated to drop 0.1% from 0.1%. On the other hand, the US lacks important fundamentals.
Along with the improvement in the Swiss economy after upbeat manufacturing and retail sales data released last in the week ended June 3, the SNB is tracking the development in inflation to decide the appropriate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:27 AM PDT

By ForexMansion.com

 
The USD/JPY fell slightly on Monday, and is currently testing the 80 level. The pair looks anemic, but there is always the specter of central banks looming below. Because of this, we dare not sell this pair, but rather would look for supportive candles to buy from. Until then, we are waiting for some kind of signal.

Originally posted here
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USD/CHF Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:26 AM PDT

By ForexMansion.com

 
USD/CHF rose a bit in the earlier hours of trading on Monday, but started to drift lower in the American session as the world again shunned riskier assets, and searched for safe haven trades. The pair has been bearish for ages, and continues to be so. We like selling rallies, as it seems to work – just like it did today.

Originally posted here
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USD/CAD Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:25 AM PDT

By ForexMansion.com

 
The USD/CAD had a slightly bullish day Monday, retesting the down trend line yet again. It failed as the sellers stepped in at that point, but it appears that we are going to chop around a bit in the 0.97-0.9850 area to try and figure out the answer to the support and resistance question. Our analysis is simple: We like selling below 0.97, and buying above 0.9850 or so. All of this would be determined on a daily close.

Originally posted here
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NZD/USD Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:24 AM PDT

By ForexMansion.com

 
The NZD/USD fell during Monday trading, although it didn't fall far enough to invalidate the hammers formed on both Thursday and Friday of last week. Because of this, we haven't changed our stance on this pair, and believe it to still have a bullish undertone to it, perhaps finding massive support at the 0.81 area. Until that area is broken, we prefer buying dips.

Originally posted here
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GBP/USD Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:23 AM PDT

By ForexMansion.com

 
The GBP/USD fell on Monday trading, but isn't near a major support or resistance level. Because of this, it is in "No Man's Land" so to speak, and will be difficult to trade until we either go back to 1.65, or down to 1.60 to see potential setups. Anything that a trader does with this pair in the meantime must simply be thought of as a scalp.

Originally posted here
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GBP/JPY Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:22 AM PDT

By ForexMansion.com

 
The GBP/JPY fell hard on Monday, stopping at the all-important 131 level. This mark is the top of the support area form 130-131 and simply must hold for bulls to have a decent shot at gains. The pair is supported by central banks below, so it should be said that perhaps this level might be the signal the banks are waiting on. Because of this, we don't sell this pair – and with this action recently, we don't buy it either. Look for supportive action at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:21 AM PDT

By ForexMansion.com

 
GBP/CHF fell yet again during the Monday session, and continues to look weak. Although we had a supportive hammer on Friday, this pair never broke the top of that candle, and only continues lower. The market looks really soft, and a break of that candle's lows would be significant as it shows support giving way again.

Originally posted here
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EUR/USD Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:20 AM PDT

By ForexMansion.com

 
EUR/USD fell during the Monday session, as markets in general were weak around the world. The pair is still sitting above the all-important 1.45 level, which was once serious resistance. This area could turn into support, and we are currently waiting to see if we will retest that area in this pair. Until then, we simply wait.

Originally posted here
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EUR/JPY Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:19 AM PDT

By ForexMansion.com

 
The EUR/JPY fell on Monday, but sits upon a cluster of support in the form of the 115-116 area. Because of this, it is the most constructive looking of all the Yen-related pairs. We are simply looking for a supportive candle at this point in order to buy. Perhaps a hammer or a nice large green candle to attract new buyers.

Originally posted here
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EUR/GBP Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:18 AM PDT

By ForexMansion.com

 
The EUR/GBP rose in Monday trading, but has formed a shooting star at the 0.89 level. The recent rise against the Pound has been absolutely parabolic and a pullback would certainly be expected. Because of this, we cannot buy this pair. A break of the Monday lows could see this pair fall for the short-term.

Originally posted here
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EUR/CHF Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:17 AM PDT

By ForexMansion.com

 
The EUR/CHF pair rose on Monday, but only to fall later in the day. Because of this, we are seeing a shooting star – a decidedly bearish candle – at the 1.22 area. The market looks very weak at this point, and seems to be ripe for a fall. A move below Monday's lows would signal more sellers entering the market. Buying is highly discouraged.

Originally posted here
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AUD/USD Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:16 AM PDT

By ForexMansion.com

 
The AUD/USD fell on Monday, and is currently looking at retesting the potential top of the flag that we have been watching. Because of this, it appears this pair is getting sloppier and sloppier. The 1.07 level simply must hold if traders are going to see a nice bounce in this pair. For the meantime, we advise simply observing and not initiating new positions.

Originally posted here
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AUD/NZD Technical Analysis For June 7, 2011

Posted: 06 Jun 2011 11:15 AM PDT

By ForexMansion.com

 
The AUD/NZD had a rather flat day on Monday, and looks like it is waiting for some kind of news. The news it is waiting for could be the RBA meeting this week, or simply some kind of decision on the global risk appetite, and which commodities are going to gain the most. In the meantime, the 1.32 will be resistive for the pair, and the 1.30 area should be supportive. Because of this – we could see continued consolidation.

Originally posted here
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