Monday, June 13, 2011

DailyMarkets.com - Stock Prices Have Fallen For Six Weeks In A Row

DailyMarkets.com - Stock Prices Have Fallen For Six Weeks In A Row

Stock Prices Have Fallen For Six Weeks In A Row

Posted: 13 Jun 2011 03:33 AM PDT

Well, it’s official. U.S. stock prices have fallen for six weeks in a row. So will next week make it seven? The last time stocks declined for seven weeks in a row was back in May 2001 when the “dot-com” bubble was bursting. At this point, the Dow has declined by approximately 5 percent since the beginning of June. Things don’t look good. So exactly what is going on here? Well, it is undeniable that the recent mini-bubble in stocks has been too good to be true. The S&P 500 had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corn Re-approaches Record High On Declining U.S. Supplies

Posted: 13 Jun 2011 03:10 AM PDT

Forex Pros – Corn futures were up for a fifth day on Monday, re-approaching Friday&rsquo;s record high as lingering concerns over tightening U.S. supplies boosted prices.<br /><br />On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD7.8902 a bushel during European morning trade, climbing 0.4%.&nbsp; <br /><br />It earlier rose to a daily high of USD7.9238 a bushel. On Friday, corn prices traded at an all-time high of USD7.99 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Slips To 7-day Low Amid Uncertainty Over Greece

Posted: 13 Jun 2011 02:40 AM PDT

Forex Pros – The euro slid to a seven-day low against the pound on Monday, as European Union policymakers appeared no closer to reaching an agreement over whether private investors would take part in a restructuring of Greek debt.<br /><br />EUR/GBP hit 0.8814 during European morning trade, the pair&rsquo;s lowest since June 2; the pair subsequently consolidated at 0.8817, shedding 0.27%.<br /><br />The pair was likely to find support at 0.8746, the low of June 2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CHF Testing 23.6% On Daily

Posted: 13 Jun 2011 02:37 AM PDT

We've seen some action with the CHF in recent trading despite the lack of data tonight. The EUR/CHF has reached a new all-time low, and the USD/CHF tested the 23.6% line on the move from May 12th high to last Monday's low. If Swiss strength continues, we look to .83257 as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/CHF Makes A New All-time Low Of 1.20025.

Posted: 13 Jun 2011 02:30 AM PDT

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


Commercial Building Automation Set To Take Off

Posted: 13 Jun 2011 02:25 AM PDT

The following article on Commercial Integrator (written by Stephen Castle) Caught my eye because the three companies Crestron, AMX and Lutron listed in the first paragraph and all are Sierra Monitor Corporation key customers/partners.

http://www.commercialintegrator.com/article/building_automation_can_your_company_compete?utm_source=topic&utm_medium=today

 "You're an established commercial integrator.  You're a master of audio/video systems in boardrooms and conference … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

America Movil Invests In Peru

Posted: 13 Jun 2011 02:25 AM PDT

The largest telecom provider in Mexico America Movil (AMX) plan to invest approximately $350 million in services through its subsidiary Claro in Peru. The investment will be made over a three-year period and is the first major foreign investment in the country under President Ollanta Humala.  
America Movil remains the second largest telecom provider in Peru with a market share of approximately 38% following its biggest rival Telefonica (TEF), which dominates approximately 57% share in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Mixed, Peugeot Gains; DAX Up 0.1%

Posted: 13 Jun 2011 02:12 AM PDT

Forex Pros – European stock markets were mixed on Monday, after falling sharply on Friday as ongoing uncertainty over a resolution to Greece&rsquo;s sovereign debt crisis limited gains.<br />&nbsp;<br />During European morning trade, the EURO STOXX 50 rose 0.1%, France&rsquo;s CAC 40 shed 0.15%, while Germany’s DAX 30 edged 0.11% higher. <br /><br />Markets in France and Germany remained open, despite a public holiday. <br /><br />On Sunday, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Slips Vs. Rivals Amid U.S. Monetary Policy Uncertainty

Posted: 13 Jun 2011 01:39 AM PDT

Forex Pros – The U.S. dollar was slightly lower against its major counterparts on Monday, as investors remained on edge amid a lack of progress on a bailout for Greece and uncertainty over future U.S. monetary policy ahead of the end of quantitative easing by the Federal Reserve this month.<br /><br />During European morning trade, the greenback dipped against the euro, with EUR/USD inching up 0.05% to hit 1.4356.<br /><br />The greenback was also down against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Rebound On Weaker U.S. Dollar

Posted: 13 Jun 2011 01:23 AM PDT

Forex Pros – Crude oil futures were up on Monday, rebounding from Friday&rsquo;s sharp decline as a weaker U.S. dollar supported prices, but gains were limited amid concerns over a slowdown in global demand and after reports Saudi Arabia planned to increase oil production. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD98.98 a barrel during European morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound Rebounds From Two-week Low Against Weaker Dollar

Posted: 13 Jun 2011 01:02 AM PDT

Forex Pros – The pound rebounded from a two-week low against the broadly weaker U.S. dollar on Monday, after tumbling in the previous session following data showing a sharp drop in U.K. industrial output.<br /><br />GBP/USD clawed back up from 1.6212, the pair&rsquo;s lowest since May 25 to hit 1.6272 during early European trade, rising 0.28%.<br /><br />Cable was likely to find support at 1.6130, the low of May 25 and resistance at 1.6382, Friday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Trims Gains, Pulling Back From 6-day High

Posted: 13 Jun 2011 12:41 AM PDT

Forex Pros – The U.S. dollar trimmed gains against the yen on Monday, pulling back from a six-day high hit after official data showed an unexpected drop in Japanese core machinery orders.<br /><br />USD/JPY pulled back from 80.68, the pair&rsquo;s highest since June 3, to hit 80.37 during late Asian trade, up just 0.05% on the day.<br /><br />The pair was likely to find support at 79.69, the low of June 8 and a five-week low and resistance at 81.31, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Trade In Tight Range As Debt Worries Support

Posted: 13 Jun 2011 12:23 AM PDT

Forex Pros – Gold futures fluctuated between small gains and losses on Monday, after falling to a one-week low in the previous session as ongoing uncertainty over a resolution to Greece&rsquo;s debt crisis supported prices. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,530.25 a troy ounce during late Asian trade, easing down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Eases Off Two-week Low After NZ Aftershocks

Posted: 13 Jun 2011 12:20 AM PDT

Forex Pros – The Australian dollar eased off a two-week low against its U.S. counterpart on Monday, as New Zealand&rsquo;s dollar weakened broadly after a series of severe aftershocks hit the south island city of Christchurch.<br /><br />AUD/USD clawed back up from 1.0522, the pair&rsquo;s lowest since May 26 to hit 1.0550 during late Asian trade, easing up 0.13%.<br /><br />The pair was likely to find support at 1.0478, the low of May 24 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Richard Wyckoff Exited The Market Early June

Posted: 13 Jun 2011 12:16 AM PDT

Richard Wyckoff investing style was pure, he wished to invest in the market when he new prices were about to be marked up (or down), and he would hold his position until the mark up process was completed. Wyckoff wished to avoid being the market during periods of accumulation and distribution solely due to the increase in uncertainty that these market phases incurred. At this point in time, if he was trading today we believe he  would be in 100% cash, and watching for a possible short … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Tumbles After Aftershocks Hit Christchurch

Posted: 13 Jun 2011 12:02 AM PDT

Forex Pros – The New Zealand dollar tumbled to a six-day low against its U.S. counterpart on Monday, after a series of severe aftershocks hit the south island city of Christchurch, four months after an earthquake that killed180 people in the city.<br /><br />NZD/USD hit 0.8118 during late Asian trade, the pair&rsquo;s lowest since June 3; the pair subsequently consolidated at 0.8143, tumbling 0.87%.<br /><br />The pair was likely to find support at 0.8071, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Fall Amid Global Recovery Concerns; Nikkei Sheds 0.7%

Posted: 12 Jun 2011 11:47 PM PDT

Forex Pros – Asian stock markets declined on Monday, as mounting concerns over the global economic recovery weighed on market sentiment, while shares in Toyota led losses in Tokyo after forecasting a decline in profit. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.3%, South Korea’s Kospi Composite dipped 0.15%, while Japan&rsquo;s Nikkei 225 Index fell 0.7%. <br /><br />Earlier in the day, Japan&rsquo;s Cabinet Office said that core … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Lower As Greece Uncertainty Continues

Posted: 12 Jun 2011 11:32 PM PDT

Forex Pros – The euro slipped to a seven-day low against the U.S. dollar on Monday, as uncertainty over whether bond holders would take part in a restructuring of Greek debt continued, with European Union policymakers no closer to an agreement.<br /><br />EUR/USD hit 1.4322 during late Asian trade, the pair&rsquo;s lowest since May 31; the pair subsequently consolidated at 1.4345, dipping 0.02%.<br /><br />The pair was likely to find support at 1.4256, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: The Cooper Companies (COO)

Posted: 12 Jun 2011 11:05 PM PDT

We reaffirm our Outperform rating on The Cooper Companies (NYSE:COO) following its healthy second-quarter fiscal 2011 results. Earnings beat the Zacks Consensus Estimate while profit increased greatly year over year. Industry outlook has improved with an expectation of rising utilization in emerging nations and a higher proportion of sales of value-added lenses.
Cooper proves to be a turnaround story based on rationalization of plants and better execution. It remains a leader in torics. Clear … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Staples, Inc. (SPLS)

Posted: 12 Jun 2011 11:05 PM PDT

Staples, Inc. (NASDAQ:SPLS) posted lower-than-expected first-quarter 2011 results. The quarterly earnings of $0.28 per share missed the Zacks Consensus Estimate of $0.32 and remained flat compared with the prior-year quarter. Given the underperformance, the company took a cautious stance and trimmed its fiscal 2011 earnings guidance.
The company now expects earnings between $1.35 and $1.45 per share, down from a range of $1.50 to $1.60 projected earlier. Management now forecasts sales to be flat to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Omega Protein Corp

Posted: 12 Jun 2011 11:05 PM PDT

Omega Protein Corp (NYSE:OME) is a great way to play the health trend, with the maker of fish oil products posting big gains over the last 12 months. But with a compelling valuation and estimates on the rise, this Zacks #1 rank stock offers a healthy dose of momentum.
Company Description
Omega Protein Corp. processes and sells fish meal and fish oil products worldwide. The company was founded in 1998 and has a market cap of $248 million.
With consumers increasingly focusing on health and health … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Avis Budget Group

Posted: 12 Jun 2011 11:05 PM PDT

Avis Budget Group (NYSE:CAR) might be beaten down right now, but the growth rates are looking great. They reported better-than-expected results in each of the past 5 quarters and shares have a Zacks #1 Rank (Strong Buy).
Company Description
Avis Budget Group is a vehicle rental company in North America and Australia.
Surprise Profit
Analysts were expecting Avis to lose a nickel per share last quarter, so it was a nice surprise to see an 11-cent profit. On May 3 the company reported quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Questar Reaffirmed At Neutral

Posted: 12 Jun 2011 10:40 PM PDT

We maintain a long-term Neutral rating on Questar Corporation (STR) based on its strong earnings and dividend growth potential, partially offset by unstable natural gas fundamentals, the domestic imbalance of supply/demand and political headwinds in certain regions.
Questar delivered mixed results in the first quarter of 2011, with earnings of 39 cents falling short of both the Zacks Consensus Estimate and prior-year quarter's result. Total revenue ($470 million), however, comfortably moved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 12 Jun 2011 10:40 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4341, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4690, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8839 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In Asian Trade

Posted: 12 Jun 2011 10:15 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6228, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.6216, Friday&rsquo;s low, and resistance at 1.6466, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8840 and GBP/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours

Posted: 12 Jun 2011 09:50 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.2126, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.2060, Friday&rsquo;s low, and resistance at 1.2303, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.4343 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Slides Sharply And Breaks Trendline From Mid-May

Posted: 12 Jun 2011 09:46 PM PDT

NZD/USD

Short-term to Medium-term- The NZD/USD remains in consolidation mode. As the week started, the kiwi gave away last week's gains quickly as the NZD/USD pair break below a rising channel that started mid-May.
- There was also a bearish divergence with the RSI leading to the indicator falling below 40. This invalidates the bullish momentum established during the rally.
- We are now at 78.6% retracement level. It is difficult to assess what will happen within what appears to be a range … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The Asian Session

Posted: 12 Jun 2011 09:20 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8464, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 0.8347, Wednesday&rsquo;s low, and resistance at 0.8468, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.4340 and USD/JPY rising 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corn Prices Surge On Inventories

Posted: 12 Jun 2011 09:00 PM PDT

06/13/11 The USDA lowered its production estimates for corn. Inclement weather throughout key regions in the US, hampered … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down In Asian Trade

Posted: 12 Jun 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.8835, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8822, Monday&rsquo;s low, and resistance at 0.8976, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.07% to hit 1.4338 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up In Asian Trading Hours

Posted: 12 Jun 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.49, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.69, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.05% to hit 1.4341 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down During The Asian Session

Posted: 12 Jun 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9775, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 0.9713, Friday&rsquo;s low, and resistance at 0.9821, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.02% to hit 1.4345 and GBP/USD rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In Asian Trade

Posted: 12 Jun 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0547, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.0526, Monday&rsquo;s low, and resistance at 1.0711, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.09% to hit 1.3606 and AUD/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In Asian Trading Hours

Posted: 12 Jun 2011 07:05 PM PDT

Forex Pros – The British Pound was higher against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.3707, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.3637, Friday&rsquo;s low, and resistance at 1.3821, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.08% to hit 1.6240 and EUR/GBP falling 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: 12 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4328, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4690, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8831 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Rally Seen In Lopez Holdings Corporation (LPZ)?

Posted: 12 Jun 2011 06:17 PM PDT

Lopez Holdings Corporation or LPZ in the Philippine Stock Exchange went on to reach a high of PHP 6.95 after breaking out from an inverted head and shoulders continuation pattern. Since then, it cooled off back towards PHP 6.00. Given its present set-up, though, LPZ could stage a rally in the days to come.
As you can see from its chart above, LPZ is making a "return move" back to the neckline of the inverted head and shoulders pattern at around PHP 6.00. Now, this level could keep LPZ from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up In Asian Trading Hours

Posted: 12 Jun 2011 06:00 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.44, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.46, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.04% to hit 1.4354 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up In Asian Trade

Posted: 12 Jun 2011 05:25 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 115.33, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 114.96, Friday&rsquo;s low, and resistance at 117.77, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.02% to hit 1.4345 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Volatile And Cautious Markets Are Due This Week

Posted: 12 Jun 2011 03:38 PM PDT

By ForexMansion.com
 
Although most of Europe is enjoying a banking holiday, while Australia is closed as well for holiday, markets continue being nervous and swift throughout the next few days on fears the global recovery is weakening.
As China’s growth is weakening, the US’s recovery is slowing and Europe’s debt crisis is not fading, investors continue to avoid risk, which brings volatility within the currency and commodity markets.
Europe and U.S. will lack the fundamentals today. And … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 14, 2011

Posted: 12 Jun 2011 03:28 PM PDT

By ForexMansion.com
The USD/JPY pair traded in a narrow range with the beginning of the week on Monday, where both currencies gained against other majors as concerns about the global economy drove investors to invest in low yielding currencies like the dollar and the Japanese yen.
On the other hand, the greenback was able to bounce against the yen after Machine orders in Japan unexpectedly declined in April, indicating that companies remain concerned about the strength of the recovery.
Machine … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 14, 2011

Posted: 12 Jun 2011 03:27 PM PDT

By ForexMansion.com
The AUD/NZD pair increased sharply to its highest level in 3 days, where the Kiwi drooped against its major counterparts after a 5.5 magnitude earthquake hit Christchurch, which reduce demand for the New Zealand dollar.
The New Zealand dollar dropped from its all time high against the US dollar, to give Aussie the chance to control the AUD/NZD pair movements and to cover some of its previous losses.
The new 5.5 earthquake came just 4 months after the earlier devastating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 14, 2011

Posted: 12 Jun 2011 02:48 PM PDT

By ForexMansion.com
The New Zealand economy suffered a new 5.5 magnitude earthquake, which pushed down the New Zealand dollar on Monday. The NZ government reported that there was some damage, while there are no injuries reported yet.   
Christchurch, New Zealand's second-biggest city, suffered Monday from a 5.5 magnitude earthquake. The earthquake was 11 kilometers (7 miles) deep and centered 10 kilometers southeast of the city.
The market witnessed hug selling transactions on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 14, 2011

Posted: 12 Jun 2011 02:47 PM PDT

By ForexMansion.com
The Australian dollar declined against its major counterparts during the first day trading of this week on Monday, as commodity prices fell along with the drop in Asian stock markets amid concerns that the global economic recovery is losing momentum, reducing demand for high yielding currencies like the Aussie. 
Moreover, the AUD is continuing its downside movement versus the dollar, as investors see Australia is still suffering from the hurdle phase caused by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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