Friday, July 1, 2011

DailyMarkets.com - Forex Trading: Euro Higher After Its Reported That Greece Will Get Up To 85 Bln Euroes In New Rescue Fund (according To Officials).

DailyMarkets.com - Forex Trading: Euro Higher After Its Reported That Greece Will Get Up To 85 Bln Euroes In New Rescue Fund (according To Officials).


Forex Trading: Euro Higher After Its Reported That Greece Will Get Up To 85 Bln Euroes In New Rescue Fund (according To Officials).

Posted: 01 Jul 2011 03:03 AM PDT

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Forex – EUR/USD Down In European Trading Hours

Posted: 01 Jul 2011 02:50 AM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on Manufacturing PMI.<br/><br/> EUR/USD was trading at 1.4490, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that the euro zone&rsquo;s manufacturing PMI remained unchanged at 52.0 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In European Trade

Posted: 01 Jul 2011 02:30 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 80.74, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.19% to hit 1.4529 and GBP/USD falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Unemployment 9.9%; As Expected.

Posted: 01 Jul 2011 02:19 AM PDT

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Forex – GBP/USD Down On Economic Data

Posted: 01 Jul 2011 02:00 AM PDT

Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Manufacturing PMI.<br/><br/> GBP/USD was trading at 1.6018, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s manufacturing PMI fell unexpectedly to 51.3 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Something Very NEW A No Spin Alan Greenspan

Posted: 01 Jul 2011 01:47 AM PDT

I have never heard so many no spin words out of the Former Federal Reserve Chairman Alan Greenspan, this CNBC video is a must watch for the week.

Points
1) QE1 and QE2 only outcome was US dollar devaluation nothing more.
2) Commercial banks horded cash for their own gains at 0.25% or better
3) The choice of using QE’s to recover from the financial crisis has proved to be the wrong one as compared to the choices taken by Iceland and Sweden (ie nationalize the banks, and revalue bad assets and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up On Economic Data

Posted: 01 Jul 2011 01:45 AM PDT

Forex Pros – pros – The Euro was higher against the British Pound on Friday after the release of U.K. data on Manufacturing PMI.<br/><br/> EUR/GBP was trading at 0.9062, up 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.8859, Monday&rsquo;s low, and resistance at 0.9069, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s manufacturing PMI fell unexpectedly to 51.3 last month from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Manufacturing PMI Falls Unexpectedly

Posted: 01 Jul 2011 01:40 AM PDT

Forex Pros – pros – The U.K.&rsquo;s manufacturing PMI fell unexpectedly last month, data showed on Friday.<br/><br/>In a report, research group Markit said that the manufacturing PMI fell to 51.3, from 52.1 in the preceding month.<br/><br/>Analysts had expected the manufacturing PMI to rise to 52.3 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up

Posted: 01 Jul 2011 01:15 AM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on Manufacturing PMI.<br/><br/> EUR/USD was trading at 1.4516, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that the euro zone&rsquo;s manufacturing PMI remained unchanged at 52.0 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Manufacturing PMI Remains Unchanged

Posted: 01 Jul 2011 01:10 AM PDT

Forex Pros – pros – The euro zone&rsquo;s manufacturing PMI remained unchanged last month, data showed on Friday.<br/><br/> In a report, research group Markit said the euro zone&rsquo;s manufacturing PMI remained unchanged at 52.0, from 52.0 in the preceding month.<br/><br/> Analysts had expected the euro zone&rsquo;s manufacturing PMI to remain unchanged at 52.0 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Manufacturing PMI 52.0; As Expected.

Posted: 01 Jul 2011 12:58 AM PDT

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Forex – USD/CHF Up On Economic Data

Posted: 01 Jul 2011 12:45 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on SVME PMI.<br/><br/> USD/CHF was trading at 0.8461, up 0.67% at time of writing.<br/><br/> The pair was likely to find support at 0.8276, Tuesday&rsquo;s low, and resistance at 0.8465, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that Switzeralnd&rsquo;s SVME PMI fell more-than-expected to a seasonally adjusted 53.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss SVME PMI Falls More-than-expected

Posted: 01 Jul 2011 12:40 AM PDT

Forex Pros – pros – Switzeralnd&rsquo;s SVME PMI fell more-than-expected last month, data showed on Friday.<br/><br/>In a report, SVME said that Swiss SVME PMI fell to a seasonally adjusted 53.4, from 59.2 in the preceding month.<br/><br/>Analysts had expected Swiss SVME PMI to fall to 57.8 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Friday 01 July

Posted: 01 Jul 2011 12:11 AM PDT

Asian markets advance further, thanks to good reports from overnight US markets. However, some Asia stocks weaken after China data after an official measure of mainland Chinese manufacturing activity came in below expectation.

We believe the rally we experiencing now is a turn from the bearish sentiment since June over Greece debt crisis. We focus on bank shares for now and think that they are good for investing mid term from now… A more specify entry price will be given in due course. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: PetMed Express (PETS)

Posted: 30 Jun 2011 11:05 PM PDT

PetMed Express (NASDAQ:PETS) reported a disappointing quarter with EPS of $0.19, missing the Zacks Consensus Estimate of $0.22 and the year-ago quarter’s $0.27. While new order sales declined on fewer new customers, revenues increased 1.2% to $50.9 million.
Both gross and operating margins declined due to higher product and advertising costs. This is a big blow for the company as it depends heavily on advertising to expand its customer base. Moreover, economic uncertainty is taking a toll on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Accenture Plc

Posted: 30 Jun 2011 11:05 PM PDT

Accenture plc (NYSE:ACN) reported its 5th consecutive positive earnings surprise on June 23. Revenue jumped 21% year-over-year and EPS came in at a record 93 cents, beating the Zacks Consensus Estimate of 89 cents.
Management raised both its revenue and EPS guidance for the remainder of the year, and analysts significantly revised their estimates higher, sending shares to a Zacks #2 Rank (Buy).
While Accenture currently has strong earnings momentum, it also has a very solid balance sheet with over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Coach, Inc.

Posted: 30 Jun 2011 11:05 PM PDT

Coach, Inc. (NYSE:COH) continues to trade strong in the recently volatile market, hitting a fresh 52-week high on the heels of another earnings surprise from late April. With estimates on the rise and a bullish growth projection, this Zacks #2 rank stock has momentum in the bag.
Although Coach has been trading higher for most of 2011, shares got an extra boost in late April after the company reported strong Q1 results that once again came in ahead of expectations.
Strong First-Quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Myriad Genetics (MYGN)

Posted: 30 Jun 2011 11:05 PM PDT

Myriad Genetics’ (NASDAQ:MYGN) flagship product, Bracanalysis, has been recording robust growth over the past few quarters. Moreover, the company is undertaking strategies to expand the scope of the test. A strong cash balance enables the company to buyback shares, expand into new markets and introduce more products.
Moreover, the acquisition of RMB will help diversify Myriad’s diagnostics portfolio and further strengthen its position in the companion diagnostics space. The company’s strategy of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: EZCORP, Inc.

Posted: 30 Jun 2011 11:05 PM PDT

Don’t count out the pawn shops even as the recovery picks up steam. EZCORP, Inc. (NASDAQ:EZPW) is expected to see double digit earnings growth in both fiscal 2011 and 2012. This Zacks #2 Rank (buy) stock is hot, with shares hitting new 52-week highs nearly daily.
EZCORP operates 1000 retail stores, including 500 pawn stores in the U.S. and Mexico and 500 short-term consumer loan stores in the U.S. and Canada to customers who have short-term cash needs.
The company offers non-recourse loans … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 30 Jun 2011 10:50 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4519, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4538, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.9037 and EUR/JPY rising 0.30% 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: 30 Jun 2011 10:25 PM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6065, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.9038 and GBP/JPY rising 0.24% 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: 30 Jun 2011 10:00 PM PDT

Forex Pros – pros – The Euro was higher against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2214, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.1818, Monday&rsquo;s low, and resistance at 1.2245, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.08% to hit 1.4514 and EUR/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 30 Jun 2011 09:40 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8418, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.8276, Tuesday&rsquo;s low, and resistance at 0.8464, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.4508 and USD/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 30 Jun 2011 09:20 PM PDT

Forex Pros – pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.9038, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 0.8859, Monday&rsquo;s low, and resistance at 0.9069, 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 1.4498 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 30 Jun 2011 08:40 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.<br/><br/> USD/JPY was trading at 80.73, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation remained unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Dollar Speaks While Gold, Silver, Oil, & The S&P 500 Listen

Posted: 30 Jun 2011 08:30 PM PDT

Investors and traders alike were watching the action unfold across the pond earlier this week. It was seemingly a foregone conclusion that Greece would get the bailout they desired in order to prevent a potentially catastrophic default. The Greek default situation increased volatility in financial markets around the world. In addition to the Greek dilemma, the end of the 2nd quarter and the customary window dressing by institutional money managers only heightened the volatile situation.
For the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Quote Of The Day: Unbelievably Loopy Economics; CAP Finds That Demand Curves Slope Upward

Posted: 30 Jun 2011 08:25 PM PDT

“The Center for American Progress, often called the think tank for the Obama White House, recently recommended another increase in the minimum wage to $8.25 an hour. Though the U.S. unemployment rate is 9.1%, the thinkers assert that a rising wage would “stimulate economic growth to the tune of 50,000 new jobs.” So if the government orders employers to pay more to hire workers when they’re already not hiring, they’ll somehow hire more workers. By this logic, if we raised the minimum wage to $25 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 30 Jun 2011 08:10 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9631, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.9625, Thursday&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.05% to hit 1.4495 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


How The Economic Miracle Of Chile Increased Life Expectancy By Almost 22 Yrs. In Just Half A Century

Posted: 30 Jun 2011 07:45 PM PDT

The top chart above helps to document graphically what has accurately been described as the "the economic miracle of Chile." Up until the early 1980s, when the first round of economic reforms (1974–1983) were starting to have a positive effect, Chile's economic performance was among the weakest of the Latin American countries, with annual increases of real GDP per capita averaging only 0.70% from 1913 to 1983. Additional economic reforms in 1985 and 1990 that included trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down During Asian Trade

Posted: 30 Jun 2011 07:30 PM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0695, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0751, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.20% to hit 1.3554 and AUD/JPY falling 0.04% 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: 30 Jun 2011 07:05 PM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4489, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4538, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.9037 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Funny Side Of Dystopia

Posted: 30 Jun 2011 06:37 PM PDT

Although he usually hits the nail on the head with his acerbically witty commentary, The Daily Show’s Jon Stewart really outdoes himself with an equal opportunity assault on the left and the right in ”Broke Bank Mounting.”
 
“>

The Daily Show – Broke Bank Mounting – America’s Dystopian Future
Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

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


Forex – EUR/JPY Up During Asian Trade

Posted: 30 Jun 2011 06:35 PM PDT

Forex Pros – pros – The Euro was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.<br/><br/> EUR/JPY was trading at 117.02, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 113.85, Monday&rsquo;s low, and resistance at 117.20, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation remained unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up During The Asian Session

Posted: 30 Jun 2011 05:45 PM PDT

Forex Pros – pros – The British Pound was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.<br/><br/> GBP/JPY was trading at 129.44, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 128.35, Monday&rsquo;s low, and resistance at 130.08, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation remained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:39 AM PDT

By ForexMansion.com

 
The USD/JPY pair fell hard on Thursday, and looked ready to test the 80 level. However, it found footing before we got there, and the day's candle is forming a hammer-like candlestick. This shows that the pair still has a lot of support in the 80 region, and as such – is a buy only pair at the moment. We like buying dips.

Originally posted here

The definitive site about stocks, stock trading and stock news: StocksMansion.com.
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USD/CHF Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:38 AM PDT

By ForexMansion.com

 
The USD/CHF pair skyrocketed in the earlier hours of Thursday, but fell quite hard in the latter hours. This shows that the trend is nowhere near being broken, and we still like selling rallies. If we get to the 0.85 area – we would be aggressive in that position. We don't know if we get that opportunity, but we certainly will not buy.

Originally posted here

Explore ForexMansion.com to find out about forex brokers who is the best forex broker in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:37 AM PDT

By ForexMansion.com

 
USD/CAD fell again on Thursday, breaking through the 0.9650 area. This is a very bearish sign, but it is at this point that the pair will find real support. The trading going forward will be approached by us in a bearish manner, but we also expect choppy trading conditions. The oil markets will be key, as they always tend to be when it comes to trading the Canadian Dollar. We sell rallies in this pair.

Originally posted here

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NZD/USD Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:37 AM PDT

By ForexMansion.com

 
The NZD/USD rose over the all-important 0.83 level on Thursday, and then fell later in the day. This formed a shooting star candle formation, and looks set to drop from here. The market is so strong that we don't like selling. In fact, we believe that if we fall slightly – it will be a signal of reentering the consolidation range of 0.80 to 0.83, but a break above the day's highs will get us very bullish.

Originally posted here

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GBP/USD Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:36 AM PDT

By ForexMansion.com

 
The GBP/USD pair had a wild day on Thursday. The pair has been under 1.60 and over 1.61 during the last 24 hours, and the pair looks ready to move. However, we don't like buying as the pair is so weak in general. The breaking of 1.59 is our long-term sell signal. Until then, we are waiting to see what happens.

Originally posted here

Further information about forex trading and forex news can be found at ForexTrading.co.uk.
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GBP/JPY Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:35 AM PDT

By ForexMansion.com

 
The GBP/JPY pair fell hard on Thursday, although it did manage to find a bid towards the end of the day. The fact that we cannot seem to get over the 130 area has us thinking that perhaps a "sell on the rallies" strategy is still the one to use for this pair. If we get over 130 – this would change, but until then – we are bearish.

Originally posted here

The definitive site about stocks, stock trading and stock news: StocksMansion.com.

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GBP/CHF Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:34 AM PDT

By ForexMansion.com

 
The GBP/CHF pair had a very bullish move in the markets on Thursday, but gave back quite a bit towards the end of the day. Even with the massive move upward, the trend was never in serious trouble, and selling the rallies is still the way to approach this pair. Until we can break well above 1.40 – we don't buy under any circumstance. We have a couple of areas where selling could be done, mainly the 1.36 area. However, it looks like the 1.35 area is resistive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:33 AM PDT

By ForexMansion.com

 
The EUR/USD pair rose again on Thursday, but gave up some of its gains towards the end of the day. It should be noted that there is a trend line that it ran into – and failed to crack. The 1.45 area seems to be holding it at the moment, and until we can close well above the trend line and 1.45 areas, we aren't buyers. In fact, a pullback is probably likely at this point as the move has been overextended recently. A daily close above that trend line is what we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:32 AM PDT

By ForexMansion.com

 
The EUR/JPY pair had a volatile day on Thursday, eventually ended up unchanged for the most part. The pair still looks like a sell since it is at the upper end of the recent trading range. (113.50 to 117.50) We like selling rallies until we can manage to break above the 117.50 area.

Originally posted here

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EUR/GBP Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:31 AM PDT

By ForexMansion.com

 
EUR/GBP has finally broken above the 0.90 area, an area we said that gave us great concern form a bullish perspective. Because of this, we think the market might look a bit more bullish, but to be honest, it probably isn't because of the Euro, rather the Pound's weakness in general. We can see that the latter hours of the day saw this pair giving back some of its gains, so we aren't convinced yet. A couple of session above the 0.90 might make us more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:31 AM PDT

By ForexMansion.com

 
The EUR/CHF traded much, much higher on Thursday. The pair even got above the 1.22 level at one point, but gave back some of the gains towards the end of the day's trading. The pair is massively bearish, and we like selling rallies. Until 1.23 is broken, we feel this pair gives back any gains over the last few days.

Originally posted here

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AUD/USD Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:30 AM PDT

By ForexMansion.com

 
The AUD/USD pair rose again on Thursday, showing that the break of the descending triangle is confirmed. However, there is the resistance area around 1.0750 as the recent highs. The breaking of that area is massively bullish, but it looks likely in the meantime that we are going to consolidate as the candle looks much like a shooting star. 1.05 seems unlikely to break at this point, so we like buying on dips.

Originally posted here

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AUD/NZD Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:29 AM PDT

By ForexMansion.com

 
The AUD/NZD pair rose on Thursday, but fell again to form a shooting-star like candlestick. The formation at the bottom of the tightened consolidation range suggests that if we fall – it could be the start of a weaker pair. We aren't ready to short it until it breaks 1.28 though, as a break of that level would be a major signal to sell. The breaking of 1.32 is our buying signal. In the meantime, the market looks tight to say the least.

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


Oil Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:17 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract had a bullish day to begin with on Thursday, found a slight bid over the $95 mark, and then fell again. The end of the day looked very neutral as the day's candle formed a doji. Because of this, we are somewhat concerned with the bullish side of the market, and suspect that the next move could be down, falling back into consolidation. The breaking of the top of Thursday's candle would get us bullish, but until then – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:16 AM PDT

By CommoditiesMansion.com

 
The natural gas market had a wild day on Thursday, first falling hard, and then bouncing just as hard to end the day up about 5 cents. As you can see the market tested the bottom of the recent support area and held. This keeps our thesis of a range between $4.20 and $5 intact and looking good. We prefer buying at this point, especially on dips as we are at the bottom of our range.

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


Gold Technical Analysis For July 1, 2011

Posted: 30 Jun 2011 09:15 AM PDT

By CommoditiesMansion.com

 
The gold markets pared their recent gains on Thursday, as traders fled in fairly strong numbers. The market has pulled back towards the $1,500 mark, and seems intent on testing that level quite intensely before making a longer-term move in either direction. We aren't sellers until we break the $1,475 area – a ways below here. But we don't like the recent action. Perhaps sitting on the sidelines might be the way to go for a few days.

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


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