Tuesday, June 14, 2011

DailyMarkets.com - Sugar Futures Hit 9-week High On Brazil, Thailand Concerns

DailyMarkets.com - Sugar Futures Hit 9-week High On Brazil, Thailand Concerns

Sugar Futures Hit 9-week High On Brazil, Thailand Concerns

Posted: 14 Jun 2011 03:15 AM PDT

Forex Pros – Sugar futures rallied for a fourth day on Tuesday, hitting a nine-week high as a combination of lingering concerns over sugar crops in Brazil, worries over shipping delays from Thailand and a weaker U.S. dollar boosted prices.&nbsp;&nbsp; <br /><br />On the ICE Futures U.S. Exchange, sugar futures for July delivery traded at USD0.2568 a pound during European morning trade, climbing 0.77%.<br /><br />It earlier rose to USD0.2573 a pound, the highest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Pushes Higher As Chinese Data Spurs Risk Demand

Posted: 14 Jun 2011 02:56 AM PDT

Forex Pros – The U.S. dollar pushed higher against the Swiss franc on Tuesday, after a flurry of upbeat Chinese economic data boosted market sentiment and dampened demand for safe haven assets.<br /><br />USD/CHF hit 0.8404 during European morning trade, the daily high; the pair subsequently consolidated at 0.8390, gaining 0.23%.<br /><br />The pair was likely to find support at 0.8325, the low of June 7 and the pair&rsquo;s all-time low and short-term resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Boosted By Chinese Data; DAX Rallies 1.7%

Posted: 14 Jun 2011 02:15 AM PDT

Forex Pros – European stock markets were sharply higher on Tuesday, as a string of Chinese economic data helped lift market sentiment, while U.S. futures indexes pointed to a higher open on Wall Street.&nbsp; <br /><br />During European morning trade, the EURO STOXX 50 surged 1.5%, France&rsquo;s CAC 40 jumped 1.15%, while Germany’s DAX 30 rallied 1.7%. <br /><br />Earlier in the day, Chinese government data showed that consumer price inflation rose at an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Lower Vs. Rivals As Chinese Data Bolsters Risk Appetite

Posted: 14 Jun 2011 01:38 AM PDT

Forex Pros – The U.S. dollar was lower against its major counterparts on Tuesday, as upbeat Chinese economic data boosted demand for higher-yielding assets but concerns over Greece&rsquo;s debt crisis tempered the euro&rsquo;s gains.<br /><br />During European morning trade, the greenback slipped against the euro, with EUR/USD rising 0.31% to hit 1.4457.<br /><br />The greenback was also down against the pound, with GBP/USD climbing 0.19% to hit 1.6405.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Consumer Price Inflation Unchanged In May

Posted: 14 Jun 2011 01:36 AM PDT

Forex Pros – Consumer price inflation in the U.K. was unchanged in May, hovering at the highest level since September 2008, official data showed on Tuesday.<br /><br />In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation held steady at 4.5% in April, broadly in line with market expectations. <br /><br />The rate of inflation was double the Bank of England&rsquo;s 2.0% target. The BoE Governor is obliged to write to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Rebound On Chinese Data, Weaker U.S. Dollar

Posted: 14 Jun 2011 01:19 AM PDT

Forex Pros – Crude oil futures snapped two days of declines on Tuesday, easing off a one-month low after data showed China&rsquo;s industrial production grew more-than-expected in May, while a weaker U.S. dollar also lent support. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD97.61 a barrel during European morning trade, gaining 0.76%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Rises To 3-day High Ahead Of U.K. Inflation Data

Posted: 14 Jun 2011 12:58 AM PDT

Forex Pros – The pound rose to a three-day high against the U.S. dollar on Tuesday, ahead of the release of U.K. data on consumer prices which was expected to show that U.K. inflation has remained above target.<br /><br />GBP/USD hit 1.6442 during early European trade, the pair&rsquo;s highest since June 9; the pair subsequently consolidated at 1.6417, gaining 0.27%.<br /><br />Cable was likely to find support at 1.6214, Monday&rsquo;s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Rebounds On China Inflation Data, Greek Debt Woes

Posted: 14 Jun 2011 12:46 AM PDT

Forex Pros – Gold futures were up for the first time in three days on Tuesday, after official data showed that Chinese inflation accelerated in May, while fears that Greece&rsquo;s debt crisis was worsening continued to support prices. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,520.85 a troy ounce during late Asian trade, climbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Fimer

Posted: 14 Jun 2011 12:29 AM PDT

The euro is firmer in recent trade following comments from ECB's Noyer. The EUR/USD pair has been trading continually higher since the week began and currently seems like is may has the steam to continue toward 1.44858 where we fine the 50.0% fibo line and the 100 hour moving average. Further higher we see that the 200 hour moving average converging with the 61.8% line. If this engine loses steam, we look back lower to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Sri Lanka Holds Repo Rate At 7.00%

Posted: 14 Jun 2011 12:20 AM PDT

The Central Bank of Sri Lanka kept the repurchase rate unchanged at 7.00%, and left the reverse repurchase rate at 8.50%, and the reserve ratio at 8%.  The Bank said: ”The Monetary Board…decided to maintain policy interest rates of the central bank at their current levels,”.  On inflation the bank noted: ”With the continuous supply of vegetables and other field crops after the floods, domestic food prices have started to decline, thereby easing pressure on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Edges Higher As China Data Curbs Safe Haven Demand

Posted: 14 Jun 2011 12:13 AM PDT

Forex Pros – The U.S. dollar edged higher against the yen on Tuesday, after an array of Chinese economic data eased investor concerns that the country would continue to tighten monetary policy, curbing demand for safe haven assets.<br /><br />USD/JPY hit 80.46 during late Asian trade, the daily high; the pair subsequently consolidated at 80.41, rising 0.21%.<br /><br />The pair was likely to find support at 79.83, the low of June 9 and resistance at 81.00, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Holds Rate At 0.10%, Extends Loan Program

Posted: 14 Jun 2011 12:09 AM PDT

The Bank of Japan maintained its uncollateralized overnight call rate at a range of 0 to 0.1% by a unanimous vote.  The Bank of Japan also extended its loan program, offering a new 500 billion yen lending facility to boost lending to businesses identified as being in growth industries.  The Bank said: ”With a view to further encourage financial institutions’ efforts, the bank deems it appropriate to focus on supporting their provision of equity-like funds and loans … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up As Chinese Inflation Data Boosts Sentiment

Posted: 14 Jun 2011 12:00 AM PDT

Forex Pros – The New Zealand dollar was higher against its U.S. counterpart on Tuesday, after a flurry of Chinese data eased concerns that the country would continue to tighten monetary policy, boosting demand for riskier assets.<br /><br />NZD/USD hit 0.8195 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8176, gaining 0.28%.<br /><br />The pair was likely to find support at 0.8113, Monday&rsquo;s low and a six-day low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Broadly Higher On China Data, BoJ; Nikkei Up 1%

Posted: 13 Jun 2011 11:51 PM PDT

Forex Pros – Asian stock markets were broadly higher on Tuesday, after a flurry of Chinese data eased fears that the region&rsquo;s economic growth was slowing, while shares in Tokyo advanced after the Bank of Japan expanded its special lending facility.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index gained 0.35%, South Korea’s Kospi Composite jumped 1.37%, while Japan&rsquo;s Nikkei 225 Index gained 1.05%.<br /><br />Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 2-day High After Chinese Inflation Data

Posted: 13 Jun 2011 11:45 PM PDT

Forex Pros – The Australian dollar rose to a two-day high against its U.S. counterpart on Tuesday, after Chinese data on inflation eased investor concerns that the country would continue to tighten monetary policy.<br /><br />AUD/USD hit 1.0647 during late Asian trade, the pair&rsquo;s highest since Friday; the pair subsequently consolidated at 1.0637, gaining 0.35%.<br /><br />The pair was likely to find support at 1.0522, Monday&rsquo;s low and a two-week low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Edges Up To 2-day High After China Data

Posted: 13 Jun 2011 11:33 PM PDT

Forex Pros – The euro edged up to a two-day high against the U.S. dollar on Tuesday, after China released inflation data that was broadly in line with expectations, easing concerns that the country would tighten monetary policy even further.<br /><br />EUR/USD hit 1.4445 during late Asian trade, the pair&rsquo;s highest since Friday; the pair subsequently consolidated at 1.4419, easing up 0.06%.<br /><br />The pair was likely to find support at 1.4319, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Holds Key Interest Rate Steady

Posted: 13 Jun 2011 11:29 PM PDT

Forex Pros – The Bank of Japan kept its benchmark interest rate unchanged, it announced on Tuesday.<br /><br />In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, broadly in line with expectations. <br /><br />The bank said that it was expanding its special lending facility, introduced last summer, for industries seen as promoting economic growth. <br /><br />A statement on monetary policy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China CPI Rises In Line With Expectations In May

Posted: 13 Jun 2011 11:24 PM PDT

Forex Pros – Consumer price inflation in China rose to a 34-month high in May, official data showed on Tuesday.<br /><br />In a report, China&rsquo;s National Bureau of Statistics said consumer price inflation rose in line with expectations by a seasonally adjusted 5.5% in May, after rising by 5.3% in April.<br /><br />The report also showed that producer price inflation rose by 6.8% in May, unchanged from April and above expectations for a 6.5% gain. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Melco Crown Entertainment

Posted: 13 Jun 2011 11:05 PM PDT

Melco Crown Entertainment (NASDAQ:MPEL) is expected to see exponential growth this year thanks to bullish revisions on the latest quarterly report.
The company did miss expectations last period, but given the growth potential this Zacks #1 Rank (Strong Buy) could be worth the risk.
Company Description
Melco Crown Entertainment owns gaming and entertainment resorts, primarily in Macau.
Revenues Surge
On May 19 Melco Crown announced first-quarter results that included a 42% jump in revenues, to $807 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Becton, Dickinson And Company

Posted: 13 Jun 2011 11:05 PM PDT

Investors looking to add a defensive company to their portfolio without sacrificing growth should consider medical technology firm Becton, Dickinson and Company (NYSE:BDX). The company manufactures and sells a wide range of medical supplies, devices, laboratory equipment and diagnostic products.
As a healthcare company, revenue and earnings shouldn’t fluctuate much with the overall company. That’s good news if another recession is right around the corner.
In fact, management recently increased its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 13 Jun 2011 11:05 PM PDT

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

Bear Of The Day: JDS Uniphase (JDSU)

Posted: 13 Jun 2011 11:05 PM PDT

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

Forex – EUR/USD Up During The Asian Session

Posted: 13 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 1.4434, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4646, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8793 and EUR/JPY rising 0.20% 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: 13 Jun 2011 10:25 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6422, up 0.30% 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 0.16% to hit 0.8789 and GBP/JPY rising 0.43% 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: 13 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 1.2066, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.2005, Monday&rsquo;s low, and resistance at 1.2303, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.4431 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Critical Price Support Below In XLE Energy ETF

Posted: 13 Jun 2011 09:49 PM PDT

While scanning the major Sector ETFs, a shelf of support (pattern) in the Energy ETF – symbol XLE – caught my eye.
Let's take a look at the current support level at $72 and then note a logical downside target if the key support level here fails to result in a rally as the next swing.

You don't need magic indicators to tell you that $72.00 is a critical short-term price boundary in the XLE fund.
That's because buyers and sellers are 'testing' this level for the third time in 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During Asian Trade

Posted: 13 Jun 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8360, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.8348, today&rsquo;s low, and resistance at 0.8468, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.4431 and USD/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session

Posted: 13 Jun 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8791, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 0.8785, today&rsquo;s low, and resistance at 0.8922, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.08% to hit 1.4425 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Danielle Park: Derivatives Markets Headed For Spectacular Collapse

Posted: 13 Jun 2011 08:38 PM PDT

Danielle Park describes how the derivatives markets could trigger another major crash in the financial markets.  She does a good job explaining how derivatives work in this interview and how the leverage from derivatives makes the financial system extremely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 13 Jun 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.22, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 79.84, Thursday&rsquo;s low, and resistance at 80.69, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.06% to hit 1.4422 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In Asian Trading Hours

Posted: 13 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 0.9744, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.9713, Friday&rsquo;s low, and resistance at 0.9813, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.08% to hit 1.4425 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Bottoms And Breaks Above Declining Trendline

Posted: 13 Jun 2011 07:57 PM PDT

US Dollar Bounces Back after a Pause in Recovery (video 6/11)
AUD/USD

- The AUD/USD has been very bearish in the short-term.
- The 1H Chart shows the RSI reading kept below 60, suggesting maintenance of the bearish momentum. A break above 60, as the market threatens to do now, suggests a lost of the bearish momentum.
- Market action already established a bottom, rallied to break above the declining trendline, offered a throwback, and is now confirming the bottoming, and breakout action.
- … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brent Cook: Cautious On Junior Miners This Summer

Posted: 13 Jun 2011 07:30 PM PDT

Brent Cook makes some interesting comments on junior miners in this video.  He says that when looking at junior miners make sure they have plenty of data to share with you regarding their projects.  If they aren't excited about sharing the drill results regarding their project and making all of that information accessible it means one of two things: they are either incompetent (if they really have a good project) or they don't have a good … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up During Asian Trade

Posted: 13 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 1.0623, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.0526, Monday&rsquo;s low, and resistance at 1.0663, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.25% to hit 1.3566 and AUD/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

If You Tax Something, You Get Less Of It

Posted: 13 Jun 2011 07:11 PM PDT

From an IBD editorial, “Will the Chicago Merc Flee Illinois Taxes?”

“The company that owns Chicago’s two largest futures exchanges is thinking about moving operations out of state to flee oppressive business taxes. Terence Duffy, chairman of CME Group Inc., which owns the two institutions as well as the New York Mercantile Exchange, and Chief Financial Officer James Parisi announced the financial giant is considering moving operations and jobs out of the state in response to massive increases … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 13 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 1.4408, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4646, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8793 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fundamental Preview: Four Scenarios For The US Retail Sales Report

Posted: 13 Jun 2011 06:55 PM PDT

Tuesday key report from the US will be the May retail sales figures. With consumer spending making up a majority of the economy, gauging US spending will give us an important read on the health of the recovery.
Will May show consumers curtailing spending in May? We already know that consumers bought less cars in May, and therefore the headline retail sales number will be weak. Overall sales are expected to decline 0.3%, after a 0.5% gain in April.
As we can see below, retail sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Liquidity Crisis Intensifies Mining Stock Sell-off

Posted: 13 Jun 2011 06:48 PM PDT

Any thoughts of a bubble in precious metals is not pertinent at this time.  As long as mining stocks are not in favor then any thoughts of a bubble are not applicable in the current situation.  Mining stocks should be soaring in tandem with their brothers in bullion.  Such is not the case.  Miners are trading far below general market valuation. In past history during a bubble, mining stocks soared to hundreds of dollars a share at the same time as bullion.

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

GBP/JPY’s Decline Is Intact But Momentum Is Suspect

Posted: 13 Jun 2011 06:38 PM PDT

GBP/JPY Pressured and Breaks Below Consolidation Zone (6/8)
GBP/JPY

Short-Term
- The GBP/JPY 4H chart shows the market in a decline since last week, when the market broke below a rising channel support.
- There is support at 130, although the market broke that and reached a low of 129.75 before a rally in the last European session.
- As we enter in the Asian session, and get ready for the European session, the GBP/JPY still has not made a higher high, so the bearish attempt is still … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade

Posted: 13 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Tuesday.<br/><br/> EUR/JPY was trading at 115.34, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 114.96, Friday&rsquo;s low, and resistance at 117.46, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.19% to hit 1.4385 and EUR/GBP falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dyslexic Bull Syndrome

Posted: 13 Jun 2011 06:11 PM PDT

I may have figured out why it’s taken Wall Street so long to recognize what most of us knew some time ago.
It appears that many ”smart money” types are suffering from DSM — Dyslexic Bull Syndrome.
That is, when they see images like the following — which was featured in a post at Talking Points Memo, “Chart Of The Day: For American Workers, No Economic Recovery,” and which details just how much ground the average Joe has lost in recent decades … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:15 AM PDT

By ForexMansion.com

 
The USD/JPY rose and then fell on Monday, causing the daily candle to form a shooting star-like candle for the day. The 80 level is a strong area of support, but this candle shows that the bulls couldn't hang onto the gains for the day. The market suddenly looks like it is insisting on testing the resolve of the central banks and their contingency plans. At least 5 intervened under this level, and one would think they will again sooner or later. Because of this, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:14 AM PDT

By ForexMansion.com

 
The USD/CHF had a very whippy day on Monday, rising and falling – only to end the day much lower. The pair looks set to retest the all-time lows again, and this jives well with the overall scene of the markets as the "rally" for the day in many of the markets was very anemic and fell apart towards the end of the day. The Swiss franc is still the #1 currency for traders at the moment.

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

USD/CAD Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:13 AM PDT

By ForexMansion.com

 
The USD/CAD pair continues to struggle as it is stuck between the 0.97 and 0.9850 levels. The pair had another tight range from Monday, and it looks like we are simply waiting to see what the market wants now. At this point – we have no real opinion on this pair as it simply won't move. Of course, there will be a move – and it will be strong. Keep your eyes open.

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

NZD/USD Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:12 AM PDT

By ForexMansion.com

 
The NZD/USD pair fell Monday, as traders reacted to reports of another earthquake in the Christchurch area. The earthquake damage was fairly minor, and as such the pair did rebound a bit – showing the support to be holding at the 0.81 area. Because of this, we are still bullish, and would buy on supportive price action around that large figure.

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

GBP/USD Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:11 AM PDT

By ForexMansion.com

 
The GBP/USD pair rose and rose hard on Monday, and thus showing that the traders haven't given up on the Pound quite yet. The area is still not in the support or resistance zones that we are watching, so there isn't necessarily a trade here, but these types of days will certainly be figured into any calculations we make in case of a break out above 1.65, as it shows nice underlying strength.

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

GBP/JPY Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:10 AM PDT

By ForexMansion.com

 
The GBP/JPY pair had a very bullish day on Monday, and unlike the USD and EUR – looks fairly strong against the Yen. Because of this, and the fact that the central banks are waiting below, we feel that if you want to sell the Yen, it should be against the Pound. This is by far the healthiest of the three yen-related pairs we follow here at ForexMansion.com, and therefore our favorite at the moment. A break above 132 is a strong signal to buy.

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

GBP/CHF Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:09 AM PDT

By ForexMansion.com

 
The GBP/CHF fell hard, but ended up bouncing hard by the end of the trading day on Monday. The pair looks weak still, but perhaps it is unwilling to let go of the consolidation that it finds itself in at the moment. The 1.36 area is the area we need to see a close below in order to get into this pair on the sell side. We aren't willing to buy at this point, as the trend is strong and clear – and very bearish.

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

EUR/USD Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:08 AM PDT

By ForexMansion.com

 
The EUR/USD rose on Monday, as there is speculation that the Euro zone will take a Greek default without much collateral damage. The pair is under the 1.45 area, an area it needs to clear again to get us bullish on this pair. In the meantime, the real risk is to the downside. If we fall below the 1.43 area, it will signal a larger selloff. If not, we may chop around a bit for the near-term.

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

EUR/JPY Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:07 AM PDT

By ForexMansion.com

 
The EUR/JPY pair rose on Monday, but didn't put much of a dent in the losses felt on Friday. Because of this, we feel that the market is showing us that it wants to fall again, and we aren't willing to argue with it. We aren't willing to argue with 5 central banks sitting below, waiting to intervene either. Because of this, we are very neutral on this pair.

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

EUR/GBP Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:07 AM PDT

By ForexMansion.com

 
The EUR/GBP pair fell during the Monday session, and parked not only at the session lows – but it also is sitting there are the all-important 0.88 level. The area has been a magnet for price, and looks to continue that going forward. Because of that, we aren't trading this pair at the moment, although we should say that there is certainly more risk holding the EUR side of this pair than the GBP. A strong move down would get us selling as we part ways with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:06 AM PDT

By ForexMansion.com

 
The EUR/CHF pair had a wild day on Monday as the market rocked back and forth, only to finish near the opening price. This forms a massive doji on the daily chart, and now it appears that the 1.20 doesn't want to go quietly. However, we had a projected target of 1.16 a while back, and we still stand by that call. The pair is still a "sell on strength" type of pair.

Originally posted here
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AUD/USD Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:05 AM PDT

By ForexMansion.com

 
The AUD/USD rose and popped above the 1.06 level, and showed that the 1.05 area is still intact as far as terms of support. The market will certainly have to define whether or not this area holds as support, and if any of the recent action is indicative of what could happen – it looks good. We are buyers if we can break above the Monday highs. Below 1.05 we might sell, but would have to be aware that 1.02 is massive support.

Originally posted here
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AUD/NZD Technical For Analysis June 14, 2011

Posted: 13 Jun 2011 10:03 AM PDT

By ForexMansion.com

 
The AUD/NZD pair rose on Monday, but stopped just at the 1.30 mark. The 1.30 area is a major support and resistance area that has given way for the bears, and is now being retested. The retest of this level could be confirmed on Tuesday if we fall. On a somewhat decent fall, we would sell. If we rise in value, we will wait for another retest of 1.30 as support in order to buy.

Originally posted here
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