DailyMarkets.com - Forex – EUR/GBP Pares Losses But Remains Under Pressure

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• Forex – EUR/GBP Pares Losses But Remains Under Pressure
• European Stocks Plunge On Contagions Fears; DAX Down 2.3%
• U.K. Goods Trade Deficit Widens Unexpectedly
• U.K. CPI Declines Unexpectedly N June
• Forex – Dollar Broadly Higher As Contagion Fears Spur Flight To Safety
• Crude Oil Futures Slump To 7-day Low On EU Debt Fears
• Forex – GBP/USD Hits 5-month Low As Euro Debt Fears Escalate
• Bank Indonesia Holds Interest Rate Unchanged At 6.75%
• Forex – USD/JPY Hits 5-week Low On Euro Zone Debt Woes
• Bank Of Japan Makes No Changes To Policy, Holds Rate At 0.10%
• Gold Futures Ease Off 3-week High As Stronger Dollar Weighs
• Forex – NZD/USD Tumbles As Euro Debt Woes Fuel Risk Aversion
• Forex – AUD/USD Hits 2-week Low As Euro Debt Fears Weigh
• Asia Stocks Tumble On EZ Contagions Fears; Nikkei Drops 1.4%
• Japanese Tertiary Industry Activity Rises More-than-expected
• Forex Trading: EUR/USD Testing Support Around 1.3931
• Forex – EUR/USD Hits 4-month Low After Lagarde Remarks
• Bank Of Japan Holds Key Interest Rate Steady
• Bear Of The Day: Federated Investors, Inc.
• Bull Of The Day: Suncor Energy
• Aggressive Growth Stock: NetApp, Inc
• Growth & Income Stock: Cardinal Health, Inc.
• Momentum Stock: Sun Hydraulics Corp
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• China Slow Down Can It Be Managed?
• Forex – USD/CAD Up In Asian Trading Hours
• Q/A With House Leader Eric Cantor (R-VA)
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During Asian Trade
• AUD/USD At Important Support During A Zig Zag Correction
• Is Philex Mining (PX) Bound For Some Correction?
• FIFA: World Cup 2010 Likely Seen By More Than 1 Billion Persons
• Forex – GBP/JPY Down During The Asian Session
• Reasons To Be Cheerful?!
• USD/JPY Technical Analysis For July 12, 2011
• USD/CHF Technical Analysis For July 12, 2011
• USD/CAD Technical Analysis For July 12, 2011
• NZD/USD Technical Analysis For July 12, 2011
• GBP/USD Technical Analysis For July 12, 2011
• GBP/JPY Technical Analysis For July 12, 2011
• GBP/CHF Technical Analysis For July 12, 2011
• EUR/USD Technical Analysis For July 12, 2011
• EUR/JPY Technical Analysis For July 12, 2011
• EUR/GBP Technical Analysis For July 12, 2011
• EUR/CHF Technical Analysis For July 12, 2011
• AUD/USD Technical Analysis For July 12, 2011
• AUD/NZD Technical Analysis For July 12, 2011
• Oil Technical Analysis For July 12, 2011
• Natural Gas Technical Analysis For July 12, 2011
• Gold Technical Analysis For July 12, 2011
• Crude Oil Daily Fundamental Analysis For July 12, 2011
• Natural Gas Daily Fundamental Analysis For July 12, 2011
• USD/CAD Daily Fundamental Analysis For July 12, 2011

Forex – EUR/GBP Pares Losses But Remains Under Pressure Posted: 12 Jul 2011 02:40 AM PDT Forex Pros – pros &ndash; The euro pared losses against the pound on Tuesday, pulling away from an almost one-month low but the shared currency remained under selling pressure after Holland&rsquo;s finance minister said the possibility of a selective Greek default could no longer be excluded.<br /><br />EUR/GBP pulled away from 0.8747, the pair&rsquo;s lowest since June 16 to hit 0.8797 during European morning trade, still down 0.25% on the day.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Plunge On Contagions Fears; DAX Down 2.3% Posted: 12 Jul 2011 02:10 AM PDT Forex Pros – pros &ndash; European stock markets fell sharply on Tuesday, as mounting fears that the euro zone&rsquo;s debt crisis would spill over to large economies such as Italy and Spain prompted investors to shun riskier assets.&nbsp; <br /><br />During European morning trade, the EURO STOXX 50 plunged 2.15%, France&rsquo;s CAC 40 tumbled 2.3%, while Germany&rsquo;s DAX 30 retreated 2.3%.<br /><br />International Monetary Fund Chairwoman … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Goods Trade Deficit Widens Unexpectedly Posted: 12 Jul 2011 01:45 AM PDT Forex Pros – pros &ndash; The U.K.&rsquo;s goods trade deficit widened unexpectedly in May, official data showed on Tuesday.<br /><br />In a report, the U.K. Office for National Statistics said the country’s goods trade deficit widened to a seasonally adjusted GBP8.5 billion in May, compared to a deficit of GBP7.6 billion in April, whose figure was revised from a deficit of GBP7.4. <br /><br />Economists had expected the goods trade deficit to narrow to GBP7.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. CPI Declines Unexpectedly N June Posted: 12 Jul 2011 01:39 AM PDT Forex Pros – pros &ndash; Consumer price inflation in the U.K. declined unexpectedly in June, easing off 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 eased to 4.2% in June from 4.5% in May.<br /><br />Analysts had expected U.K. consumer prices inflation to hold steady at 4.5%.&nbsp; <br /><br />Month-over-month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher As Contagion Fears Spur Flight To Safety Posted: 12 Jul 2011 01:38 AM PDT Forex Pros – pros &ndash; The U.S. dollar was broadly higher against its major counterparts on Tuesday, as risk appetite crumbled after an emergency meeting of euro zone policymakers failed to stem fears over the threat of sovereign debt contagion in the single currency bloc.<br /><br />During European morning trade, the greenback was sharply higher against the euro, with EUR/USD dropping 0.87% to hit 1.3907.<br /><br />Following Monday&rsquo;s meeting, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Slump To 7-day Low On EU Debt Fears Posted: 12 Jul 2011 01:29 AM PDT Forex Pros – pros &ndash; Crude oil futures were down for a third day on Tuesday, as growing fears that the euro zone&rsquo;s sovereign debt crisis could spread to the region&rsquo;s core economies lifted the dollar, reducing the appeal of commodities. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD93.83 a barrel during European morning trade, retreating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 5-month Low As Euro Debt Fears Escalate Posted: 12 Jul 2011 01:09 AM PDT Forex Pros – pros &ndash; The pound was sharply lower against the U.S. dollar on Tuesday, extending losses from the previous session as the threat of sovereign debt contagion within the euro zone escalated.<br /><br />GBP/USD hit 1.5802 during early European trade, the pair&rsquo;s lowest since January 26; the pair subsequently consolidated at 1.5812, shedding 0.61%.<br /><br />Cable was likely to find support at 1.5582, the low of January 12 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Indonesia Holds Interest Rate Unchanged At 6.75% Posted: 12 Jul 2011 01:06 AM PDT Indonesia’s central bank, Bank Indonesia, maintained the BI reference rate on hold at 6.75%.  The Bank said: “Bank Indonesia views that the current BI Rate level is still in line with the effort to maintain stronger economic activities supported by stability, amid domestic excess liquidity and continued large capital inflows.  Going forward, Bank Indonesia will closely monitor risks on macroeconomic stability, particularly emanating from capital inflows and global commodity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Hits 5-week Low On Euro Zone Debt Woes Posted: 12 Jul 2011 12:45 AM PDT Forex Pros – pros &ndash; The U.S. dollar slumped to a five-week low against the broadly stronger yen on Tuesday, after an emergency meeting of senior euro zone policymakers failed to ease fears that the region&rsquo;s sovereign debt crisis may spread.<br /><br />USD/JPY hit 79.76 during late Asian trade, the pair&rsquo;s lowest since June 8; the pair subsequently consolidated at 79.73, shedding 0.60%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Makes No Changes To Policy, Holds Rate At 0.10% Posted: 12 Jul 2011 12:44 AM PDT The Bank of Japan held its uncollateralized overnight call rate unchanged at a range of 0 to 0.1% by a unanimous vote.  The Bank also made no changes to its other monetary policy tools e.g. the 40 trillion yen asset purchase program.  The Bank said in its statement: “Japan’s economic activity is picking up with an easing of the supply-side constraints caused by the earthquake disaster.  After declining sharply following the earthquake, production has recently shown … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Ease Off 3-week High As Stronger Dollar Weighs Posted: 12 Jul 2011 12:34 AM PDT Forex Pros – pros &ndash; Gold futures were down for the first time in seven days on Tuesday, easing off a three-week high as the U.S. dollar rallied amid concerns that the euro zone&rsquo;s sovereign debt crisis would spread to the region&rsquo;s core economies. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,546.15 a troy ounce during late Asian trade, edging 0.5% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Tumbles As Euro Debt Woes Fuel Risk Aversion Posted: 12 Jul 2011 12:20 AM PDT Forex Pros – pros &ndash; The New Zealand dollar tumbled to a two-week low against its U.S. counterpart on Tuesday, as fears that the euro zone&rsquo;s sovereign debt crisis could spread to Spain and possibly Italy sparked a flight to safety.<br /><br />NZD/USD hit 0.8121 during late Asian trade, the pair&rsquo;s lowest since June 29; the pair subsequently consolidated at 0.8122, tumbling 2.02%.<br /><br />The pair was likely to find support at 0.8007, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 2-week Low As Euro Debt Fears Weigh Posted: 12 Jul 2011 12:02 AM PDT Forex Pros – pros &ndash; The Australian dollar fell to a two-week low against its U.S. counterpart on Tuesday, amid fears that the debt crisis in the euro zone would spread and after a report showed that Australian business confidence hit a six-month low in June.<br /><br />AUD/USD hit 1.0568 during late Asian trade, the pair&rsquo;s lowest since June 29; the pair subsequently consolidated at 1.0577, shedding 0.73%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Tumble On EZ Contagions Fears; Nikkei Drops 1.4% Posted: 11 Jul 2011 11:53 PM PDT Forex Pros – pros &ndash; Asian stock markets were sharply lower on Tuesday, as mounting fears that the euro zone&rsquo;s sovereign debt crisis could spread to Italy, the region&rsquo;s third largest economy, prompted investors to shun riskier assets.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index plunged 2.4%, South Korea’s Kospi Composite tumbled 2.2%, while Japan&rsquo;s Nikkei 225 Index sank 1.4%.&nbsp;&nbsp; <br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Tertiary Industry Activity Rises More-than-expected Posted: 11 Jul 2011 11:51 PM PDT Forex Pros – pros &ndash; Japan&rsquo;s Tertiary Industry Activity index rose more-than-expected in May, official data showed on Tuesday.<br /><br />In a report, Japan&rsquo;s Ministry of Economy, Trade and Industry said that its Tertiary Industry Activity index rose by 0.9% in May, above expectations for a 0.7% gain.<br /><br />The previous month&rsquo;s figure was revised to 2.5% from 2.6%. <br /><br />Following the release of the data, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Testing Support Around 1.3931 Posted: 11 Jul 2011 11:37 PM PDT The pair seems to be testing support here after a few consecutive hourly closes higher following the sell-off earlier. There has been more selling in recent trade following the reports that multiple Spanish banks have failed stress tests. Further weakness could see the pair lower with the 200 day moving average at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits 4-month Low After Lagarde Remarks Posted: 11 Jul 2011 11:34 PM PDT Forex Pros – pros &ndash; The euro fell to a four-month low against the U.S. dollar on Tuesday, extending its steep losses from the previous session, following remarks by International Monetary Fund Chairwoman Christine Lagarde.<br /><br />EUR/USD hit 1.3923 during late Asian trade, the pair&rsquo;s lowest since March 17; the pair subsequently consolidated at 1.3931, shedding 0.69%.<br /><br />The pair was likely to find support at 1.3751, the low of March 11 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Holds Key Interest Rate Steady Posted: 11 Jul 2011 11:23 PM PDT Forex Pros – pros &ndash; The Bank of Japan kept its benchmark interest rate unchanged, in a widely expected move 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 />A statement on monetary policy released after the announcement showed that the Bank of Japan&rsquo;s nine-man policy board voted unanimously to maintain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Federated Investors, Inc. Posted: 11 Jul 2011 11:05 PM PDT We are downgrading our recommendation on Federated Investors, Inc. (NYSE:FII) to Underperform from Neutral based on expected downward pressure on assets under management (AUM), flows and margins. Regulatory backdrop, waning equity markets and sluggish global economic growth are expected to keep earnings under pressure. Federated’s lowered AUM has resulted in a negative organic growth in the core business as investors are transferring cash from money market funds to higher yielding bank deposits or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Suncor Energy Posted: 11 Jul 2011 11:05 PM PDT In our opinion, Suncor Energy (NYSE:SU) is one of the best positioned companies to benefit from the oil price recovery over the next several years. The company’s asset base includes substantial conventional reserves and production at offshore Eastern Canada and in the North Sea, which generate strong margins and should provide free cash flow to fund future oil sands expansion. With a large portfolio of growth opportunities, unique asset base and high return potential in the long run, the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: NetApp, Inc Posted: 11 Jul 2011 11:05 PM PDT NetApp (NASDAQ:NTAP) analysts liked the last earnings report and a recent conference. Estimates keep moving higher, leaving this Zacks #1 Rank (Strong Buy) with some healthy growth rates. Company Description NetApp offers storage and data management solutions for businesses. Beat the Street Again The company has now topped analyst estimates for the seventh straight quarter, the latest coming on May 25. In a press release NetApp said it earned $0.47 per share, 3 cents higher than the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Cardinal Health, Inc. Posted: 11 Jul 2011 11:05 PM PDT Cardinal Health, Inc. (NYSE:CAH) reported better than expected results for its fiscal third quarter, prompting management to raise its guidance for the remainder of the year. Analysts also revised their estimates higher, sending the stock to a Zacks #2 Rank (Buy). Earnings growth appears to be strong based on current consensus estimates. EPS is forecasted to grow a solid 20% in 2011 and 14% in 2012. In addition to this growth, the company pays a dividend that yields 1.9%. Cardinal Health has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Sun Hydraulics Corp Posted: 11 Jul 2011 11:05 PM PDT Sun Hydraulics Corp (NASDAQ:SNHY) has been trading strong in the recently volatile market, recently rebounding from a key trend line to move back within striking distance of the 52-week high at $54.34. Estimates have since jumped higher, providing more support and momentum for this Zacks #1 Rank stock. Company Description Sun Hydraulics Corp. and its subsidiaries engage in the design and manufacture of various hydraulic valves and components worldwide. The company was founded in 1970 and has a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 11 Jul 2011 10:55 PM PDT Forex Pros – pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.3963, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 1.3933, today&rsquo;s low, and resistance at 1.4374, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8804 and EUR/JPY falling 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 11 Jul 2011 10:25 PM PDT Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.5864, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.5858, today&rsquo;s low, and resistance at 1.6078, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8798 and GBP/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours Posted: 11 Jul 2011 10:00 PM PDT Forex Pros – pros – The Euro was lower against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.1685, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.1662, today&rsquo;s low, and resistance at 1.2169, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.56% to hit 1.3952 and EUR/JPY falling 0.76% 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: 11 Jul 2011 09:40 PM PDT Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8372, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.8331, Monday&rsquo;s low, and resistance at 0.8520, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.54% to hit 1.3954 and USD/JPY falling 0.22% 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: 11 Jul 2011 09:15 PM PDT Forex Pros – pros – The Euro was lower against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8796, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 0.8777, today&rsquo;s low, and resistance at 0.9001, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.53% to hit 1.3955 and EUR/JPY falling 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 11 Jul 2011 08:40 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.13, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 80.11, today&rsquo;s low, and resistance at 81.48, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.49% to hit 1.3961 and GBP/USD falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Slow Down Can It Be Managed? Posted: 11 Jul 2011 08:39 PM PDT Lets face it China economy has been the hottest region in the world. Being Asian is now cool! However we must apply Bob Farrell rule number 1 ‘markets tend to return to the mean over time’ and we think its China’s turn. The hottest trade in town has been  long the AUDUSD cross or FXA ETF. Our cycles say a rollover should be expected this year. This video is a must watch for Aussie dollar shorts. Ref: Show pony for the risk on trade is the Aussie dollar, is it about to crack CNBC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 11 Jul 2011 08:10 PM PDT Forex Pros – pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9718, up 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, Friday&rsquo;s low, and resistance at 0.9727, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.50% to hit 1.3960 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q/A With House Leader Eric Cantor (R-VA) Posted: 11 Jul 2011 07:59 PM PDT The deficit reduction talks ongoing in Washington have profound implications for our markets, our economy, and truly the global financial landscape. While President Obama and House Speaker John Boehner garner the bulk of the media attention, do not discount that House Majority Leader Eric Cantor (R-VA) has a very big dog in this fight. Regardless of your political persuasion or market instincts, those who embrace basic 'sense on cents' always want to know what each and every person engaged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade Posted: 11 Jul 2011 07:30 PM PDT Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0586, down 0.66% at time of writing.<br/><br/> The pair was likely to find support at 1.0579, today&rsquo;s low, and resistance at 1.0788, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.03% to hit 1.3172 and AUD/JPY falling 0.79% 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: 11 Jul 2011 07:05 PM PDT Forex Pros – pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.3965, down 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.3965, today&rsquo;s low, and resistance at 1.4374, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8792 and EUR/JPY falling 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 11 Jul 2011 06:35 PM PDT Forex Pros – pros – The Euro was lower against the Japanese Yen on Tuesday.<br/><br/> EUR/JPY was trading at 112.26, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 112.19, today&rsquo;s low, and resistance at 116.81, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.18% to hit 1.4005 and EUR/GBP falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD At Important Support During A Zig Zag Correction Posted: 11 Jul 2011 06:34 PM PDT Prev: AUD/USD Setting up to Retest Record High… (7/7) AUD/USD - The AUD/USD is following the path of an abc, or zig zag correction after a clear 5-wave rally that broke above a channel/declining wedge pattern. - The impulse wave structure suggests more rally to come, and the current consolidation may be over. - The market is testing a cluster of support at the 1.0630 level. It is 38.2% retracement, resistance on 7/16 and 7/22. The 200SMA also reside in this area. - A bounce from this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is Philex Mining (PX) Bound For Some Correction? Posted: 11 Jul 2011 06:08 PM PDT Manny Pangilinan-chaired Philex Mining Corporation (PX) has been having a terrific performance so far this year, booking a YTD return of 51.42%. However, it seems that its winning streak maybe coming into a halt given its present technical set-up. As you can see from its daily chart, PX has been going up after it jetted away from the PHP 16.00 price marker. Notice, though, that in each of its successive higher peaks that it made, it failed to do the same in its RSI. This is what we call a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FIFA: World Cup 2010 Likely Seen By More Than 1 Billion Persons Posted: 11 Jul 2011 06:00 PM PDT 07/11/11 FIFA announced Monday that the global television audience for the World Cup Final match between Spain and the Netherlands likely topped 1 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down During The Asian Session Posted: 11 Jul 2011 05:45 PM PDT Forex Pros – pros – The British Pound was lower against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 127.62, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 127.45, Monday&rsquo;s low, and resistance at 130.11, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.001% to hit 1.5906 and EUR/GBP falling 0.05% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reasons To Be Cheerful?! Posted: 11 Jul 2011 05:40 PM PDT In “It’s That Time Again,” I highlighted government statistics that refuted the “facts” one retail industry “analyst” was using to bolster his bullish outlook for the upcoming back-to-school selling season. But even if you ignore the broad-scale economic data he seemed to be relying on, other, more industry-specific trends provide little support for his (or any other analyst’s) bullish take. In fact, the following reports suggest the retailing environment is anything but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:47 AM PDT By ForexMansion.com   The USD/JPY fell on Monday, retesting the 80 level again. As has been the case for a while now, that level held as buyers came in to give support. The current range of 80-82 seems to be the entire market for the pair, and since we are near the bottom, we think that buying for a scalp could be done at these levels, but it has to be said any trade you take now would be of a very short-term nature. Originally posted here Read about forex brokers and the best forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:46 AM PDT By ForexMansion.com   The USD/CHF pair fell on Monday but managed to form a hammer at the end of the session. The pair is currently stuck in consolidation between 0.8250 and 0.8550, and looks to remain so as there is a fight between which one of these safe haven currencies that traders want to own as the markets had a rough day in general on Monday. Originally posted here Further information about forex trading and forex news can be found at ForexTrading.co.uk. About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:45 AM PDT By ForexMansion.com   USD/CAD rose on Monday as the oil markets fell to retest support areas. The pair is very sensitive to the price of oil, so it should not be a surprise that it would rise to retest the resistance area around the 0.97 level. The candle does look strong, and as such we are waiting to see if that level holds before shorting this pair again. The trend is most certainly down – so we don't want to buy it anyway. Originally posted here v More websites from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:44 AM PDT By ForexMansion.com   The NZD/USD pair fell on Monday, testing the 0.83 support level. The closing price will be just below that, but this pair has a large support area from 0.8250 to 0.83, and as such – we don't consider it broken yet. We like the idea of buying this pair on dips, but we will need to see a supportive candle first. Originally posted here Explore ForexMansion.com to find out about forex brokers who is the best forex broker in the market. About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:44 AM PDT By ForexMansion.com   The GBP/USD pair fell on Monday, and even pierced below the 1.59 level we have been watching. However, it looks as if we may close slightly above that area. If we can get a close below 1.59 – that might be our long-term sell signal. However, it should be noted that there can and will be several bumps in the road along the way. Originally posted here The latest info on day trading and particularly forex day trading is found at DayTrading.org. About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:43 AM PDT By ForexMansion.com   The GBP/JPY has fallen much lower on Monday, and has broken cleanly below the 130 "zone" that we have been watching. The next serious support level is 125, so a drifting lower from here isn't going to be out of the question. The GBP has been weak to mixed in trading, but the Yen has been strong. By selling under 130 – you are staying on the right side of the trade. Originally posted here Read about forex brokers and the best forex broker at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:42 AM PDT By ForexMansion.com   GBP/CHF fell hard on Monday, breaking to new lows. This pair has been falling for years, and any attempt to buy it has been punished as the downtrend has been strong. Because of this, we still like selling rallies as they approach large psychological numbers. Originally posted here Further information about forex trading and forex news can be found at ForexTrading.co.uk. About ForexMansion.com: Dedicated to delivering the very best to its readers, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:41 AM PDT By ForexMansion.com   EUR/USD fell extremely hard on Monday, and even broke through a triangle that many traders have been watching. However, there is a massive support area at 1.40 that is proving to be a bit tough at this point. If 1.40 gives way – look out below. The 200 day moving average is at this level as well, and a lot of traders use that as a barometer on how to place trades. Because of this, even though we are very bearish on the EUR/USD, we hesitate to sell at this level. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:40 AM PDT By ForexMansion.com   The EUR/JPY broke through the all-important 113.50 support level on Monday, as the Euro lost ground against almost everything. The break is a serious one, and because of it – we think this pair goes much, much lower. Remember: The BoJ is concerned about the strength of the Yen against the Dollar primarily, and as long as that pair isn't melting down, this one will more than likely be ignored until much, much lower levels than here. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:39 AM PDT By ForexMansion.com   EUR/GBP fell on Monday, testing the 0.88 level – a favorite area for this pair. While the pair has been very bullish of late, this latest down move has wiped out a lot of the gains made. Because of this, we feel there is too much risk in this market at this time to risk our hard-earned trading capital by trying to time this market. Certainly a bounce could happen from here – but there is simply too much danger in this pair at the moment for us to get … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:38 AM PDT By ForexMansion.com   The EUR/CHF pair fell hard on Monday, and has broken the absolute all-time lows on this latest move. The pair has been a sell-only pair for a few years now, and we continue to think that way. All rallies could be sold as long as we are below 1.23 for the meantime. Originally posted here Read about forex brokers and the best forex broker at ForexBrokers.co.uk. About ForexMansion.com: ForexMansion.com is the forex dedicated flagship of the international Finance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:37 AM PDT By ForexMansion.com   The AUD/USD pair fell hard on Monday, as the USD gained steam against almost all currencies. The markets sold off in general, and risk was shunned by almost all traders as the markets worry about contagion from European debt issues. The pair is still in a bullish uptrend though, and as such – we like buying, but we need a supportive candle first. Originally posted here Further information about forex trading and forex news can be found at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:36 AM PDT By ForexMansion.com   The AUD/NZD pair fell and tested the 1.28 level on Monday, but failed to break down through it. The area is considered to be massive support, and by the end of the day – we had a hammer suggesting that the thought was correct. If we can get a break above the highs on Monday, this pair should drift higher, perhaps to 1.30 as we continue the range trading that has been going on in this pair. Originally posted here The definitive site about stocks, stock trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:34 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract fell on Monday as traders were selling off anything risk-related around the world. As such, the market fell below the $95 level, but found a bid later in the day. Because of this, we formed a hammer at the $95 mark. Because of this, we think that the pullback could possibly be a chance to buy. Brent The COIL contract behaved the same as CL on Monday, including the bid it got later in the session. The market looks like it is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:33 AM PDT By CommoditiesMansion.com   The natural gas markets rose during the Monday session as the $4.20 area has proven its resiliency. The market has been in consolidation between $4 and $5 for ages now, and we think that will continue to be the case. Buying on dips is encouraged. Originally posted here The definitive site about crude oil and crude oil news: CrudeOilNews.net. About CommoditiesMansion.com: Dedicated to delivering the very best to its readers, CommoditiesMansion.com stands at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For July 12, 2011 Posted: 11 Jul 2011 11:32 AM PDT By CommoditiesMansion.com   The gold markets rose again on Monday, and showed that the commodity is looking to break above the $1,550 level for good. The $1,560 area is the top of this resistance area, and the market is pausing at that level. However, if we pullback – it looks like a great place to buy on the dips. A failure to get above the $1,560 area could signal a range being formed between $1,475 and $1,550. Originally posted here Explore WTICrudeOil.com to find out about oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For July 12, 2011 Posted: 11 Jul 2011 02:01 AM PDT By CommoditiesMansion.com Crude oil prices extended their drop on Monday, as concerns over the outlook for demand mounted amid the weak jobs report from the United States last Friday, while mounting concerns from the European debt crisis amid speculations Italy will be the next victim also weighed down on confidence among traders, as they targeted lower yielding assets instead of higher yielding assets, which put downside pressure on crude oil prices. If pessimism continues to dominate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For July 12, 2011 Posted: 11 Jul 2011 01:59 AM PDT By CommoditiesMansion.com Natural gas prices extended their gains on Monday, as weather forecasts suggest that temperatures will be higher than their average for this time of the year in the United States, which pushed natural gas prices higher. Expectations of warm weather conditions could push natural gas prices further to the upside, since it will increase speculations of rising demand for power-plant fuel to meet rising cooling demand. Originally posted here Read about crude oil and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For July 12, 2011 Posted: 11 Jul 2011 01:58 AM PDT By ForexMansion.com The USD/CAD pair extended its gains on Monday, as pessimism continued to dominate global financial markets, where traders were concerned over the outlook of the U.S. economy after the weak jobs report that was released on Friday, while concerns over the outlook of the European debt crisis continued to weigh down on confidence levels amid reports speculations Italy will be the next victim of the EU debt crisis. Moreover, crude oil prices fell on Monday amid concerns over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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