Friday, July 29, 2011

DailyMarkets.com - Forex – USD/JPY Down In European Trade

DailyMarkets.com - Forex – USD/JPY Down In European Trade


Forex – USD/JPY Down In European Trade

Posted: 29 Jul 2011 02:30 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 77.66, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 77.46, today&rsquo;s low, and resistance at 78.56, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.38% to hit 1.4279 and GBP/USD falling 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone CPI Flash Estimate 2.5%; Worse Than The 2.7% Survey.

Posted: 29 Jul 2011 02:01 AM PDT

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


Forex – GBP/USD Down During The European Session

Posted: 29 Jul 2011 01:55 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Nationwide HPI.<br/><br/> GBP/USD was trading at 1.6278, down 0.59% at time of writing.<br/><br/> The pair was likely to find support at 1.6262, Monday&rsquo;s low, and resistance at 1.6440, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s Nationwide house price index rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Philippine Central Bank Raises Reserve Requirements 100bps

Posted: 29 Jul 2011 01:54 AM PDT

The Bangko Sentral ng Pilipinas held its overnight borrowing rate unchanged at 4.50% and the overnight lending rate at 6.50%, and increased the reserve requirement 100bps to 21% effective 5 August 2011.  The Bank said: “bank lending has been growing at double-digit rates since January 2011, supported by the strong momentum of domestic economic activity and stable financial conditions…  The Monetary Board is of the view that sustained foreign exchange inflows, driven by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EUR/USD Testing Hourly Trend Line Support

Posted: 29 Jul 2011 01:34 AM PDT

We've seen selling in the euro since the opening of the European markets tonight following a downgrade of six Spanish regions by Moody's stating that there are negative Eurozone implications of the Greek package in which the negative outweigh the positives. The EUR/USD currently testing trend line support which began developing on July 12th. After making lows of 1.42538 earlier tonight, the pair rebounded and found resistance at 1.43611; the 38.2% retracement line on the move from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Central Bank Of Kenya Holds Interest Rate At 6.25%

Posted: 29 Jul 2011 01:33 AM PDT

The Central Bank of Kenya held its benchmark lending rate unchanged at 6.25%.  The central bank Governor, Njuguna Ndung’u, said: ”the tight monetary policy stance would not achieve the desired results at the moment if the supply sides of food, fuel and energy were not effectively being managed to signal relief to the constraints guiding inflationary expectations.  It was noted that the growth of broad money supply has been below its target since September 2010 which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Real Estate Agent Won’t Tell Me About Raleigh Sex Offenders

Posted: 29 Jul 2011 01:27 AM PDT

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


Forex – EUR/USD Down In European Trading Hours

Posted: 29 Jul 2011 01:10 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4275, down 0.41% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Thursday&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8762 and EUR/JPY falling 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down On Economic Data

Posted: 29 Jul 2011 12:25 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Nationwide HPI.<br/><br/> GBP/USD was trading at 1.6316, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.6262, Monday&rsquo;s low, and resistance at 1.6440, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s Nationwide house price index rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Nationwide HPI Rises Unexpectedly

Posted: 29 Jul 2011 12:25 AM PDT

Forexpros – The U.K.&rsquo;s Nationwide house price index rose unexpectedly last month, data showed on Friday.<br/><br/>In a report, , Nationwide Building Society said that said its index of U.K. house prices rose to 0.2%, from 0.0% in the preceding month.<br/><br/>Analysts had expected the Nationwide HPI to fall -0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Close Lower; Nikkei Down 0.69%

Posted: 29 Jul 2011 12:10 AM PDT

Forexpros – Asian stocks were down after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index fell 0.69%, Australia&rsquo;s S&P/ASX 200 index shed 0.88%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.69% down.<br/><br/> Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.50%, S&P 500 futures pointed to a decrease of 0.59% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Morgan Stanley (MS)

Posted: 28 Jul 2011 11:05 PM PDT

We are downgrading our recommendation on Morgan Stanley (NYSE:MS) to Underperform on its weak second quarter results, lower possibility of capital deployment and the expected adverse impact of regulatory restrictions. The MUFG preferred stock conversion resulted in a substantial loss during the quarter, though it enhanced the company’s capital cushion.
Moreover, higher interest and non-interest expenses were among the negatives in the earnings report. There are also concerns related to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: TriMas Corp

Posted: 28 Jul 2011 11:05 PM PDT

TriMas Corp. (NYSE:TRS) is a Zacks #1 Rank (Strong Buy) that just keeps getting better and better. Estimates were already climbing and that will certainly continue after yesterday’s earnings surprise.
Shares are cheap thanks to the recent market weakness, so is this the time to pounce on TRS?
Company Description
TriMas makes engineered and applied products for a variety of industries including packaging aerospace & defense, and recreational products.
Estimates March Higher
While the revisions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: CSX Corporation

Posted: 28 Jul 2011 11:05 PM PDT

CSX Corporation (NYSE:CSX) continues to deliver exceptionally strong results as it benefits from a modestly improved economy and a relatively high degree of operating leverage.
Consensus estimates for both 2011 and 2012 have been moving after the company reported better than expected results for the second quarter. It is a Zacks #2 Rank (Buy) stock.
CSX has also been aggressively raising its dividend over the last several years and currently yields a solid 1.9%. Valuation looks attractive too with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Fastenal Company (FAST)

Posted: 28 Jul 2011 11:05 PM PDT

Fastenal Co. (NASDAQ:FAST) is one of the leading distributors of industrial and construction supplies and fasteners. It has a diversified customer base that helps it retain its market position even during the toughest times. Moreover, the hub and spoke model employed to improve the level of customer services will also increase customer satisfaction and benefit its business going forward.
In addition, Fastenal is focused on expanding its product portfolio. Furthermore, the company’s collaborative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Green Mountain Coffee Roasters

Posted: 28 Jul 2011 11:05 PM PDT

Green Mountain Coffee Roasters (NASDAQ:GMCR) continues to defy the skeptics, hitting a fresh all-time high after reporting another great quarter that came in ahead of expectations. With estimates jumping higher on the news, this Zacks #1 Rank stock is brewing with momentum.
Green Mountain has been a momentum high flyer for the last 12 months, hitting a string of new highs in spite of skepticism about the sustainability of its growth trajectory. That trend continued on July 27 when the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 28 Jul 2011 10:50 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4291, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Thursday&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8756 and EUR/JPY falling 0.50% 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: 28 Jul 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6332, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.6262, Monday&rsquo;s low, and resistance at 1.6440, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8760 and GBP/JPY falling 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Lower After Moody’s Puts Spain’s Aa2 Ratings On Review For A Possible Downgrade.

Posted: 28 Jul 2011 10:21 PM PDT

Sees increasing risk for Spanish bond holders.
Spain is challenged by a weak growth environment.
Sees further pressures for Spain after Greek package submission.
Greek package has not relieved concerns on sovereign debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 28 Jul 2011 10:00 PM PDT

Forexpros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.1475, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.1423, Thursday&rsquo;s low, and resistance at 1.1716, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.4340 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 28 Jul 2011 09:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8000, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 0.7991, Thursday&rsquo;s low, and resistance at 0.8156, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.03% to hit 1.4339 and USD/JPY falling 0.19% 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: 28 Jul 2011 09:20 PM PDT

Forexpros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8776, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 0.8736, Thursday&rsquo;s low, and resistance at 0.8884, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.07% to hit 1.4344 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Estimating The Value Of Public Sector Job Security

Posted: 28 Jul 2011 08:13 PM PDT

AEI economist Andrew Biggs and Heritage Foundation Policy Analyst Jason Richwine have co-authored a series of articles on private vs. public compensation, for example see their WSJ articles “The Public Worker Gravy Train” and “The Government Pay Bonus,” and a longer more technical working paper “Comparing Federal and Private Sector Compensation.”   

From the abstract of the working paper (emphasis added):

“Public sector compensation has come under increased scrutiny from politicians … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Falls In Asian Trade

Posted: 28 Jul 2011 08:10 PM PDT

Forexpros – The euro was lower against the Japanese yen on Friday, as global players await the outcome of a U.S. Congressional vote on a proposal to raise the nation&rsquo;s debt limit before an August 2 deadline.<br /><br />EUR/JPY was trading at 111.13 in mid-day Asian trade, down 0.20%, after reaching a high of 111.56.<br /><br />The pair was likely to find support at 110.70, Thursday&rsquo;s low, and resistance at 111.56, the day&lsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Edges Higher In Asian Trade

Posted: 28 Jul 2011 07:34 PM PDT

Forexpros – The Japanese yen gave up ground to the U.S. dollar in Asian trade Friday, following weak earnings reports from Japan&rsquo;s exporters and better-than-expected economic data in the U.S..<br /><br />In mid-day trade USD/JPY was higher by 0.02% to hit 77.70, after reaching a high of 77.87. <br /><br />The pair was likely to find support at 77.50, Tuesday&rsquo;s low, and resistance at 78.46, Monday&rsquo;s high.<br /><br />Major … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Stocks Dip On Earnings, U.S. Debt

Posted: 28 Jul 2011 07:00 PM PDT

Forexpros – Most Asian stocks moved generally lower in early trade Friday dampened by weak regional earnings reports and a lack of progress on the U.S. debt ceiling impasse.<br /><br />During early Asian trade Hong Kong&rsquo;s Hang Seng Index added 0.13% to 22,570.74, while Japan&rsquo;s Nikkei 225 Index fell 0.38% to 9,882.27, Australia&rsquo;s S&amp;P/ASX 200 declined 0.05% to 4,455.60, and South Korea&rsquo;s Kospi eased 0.07% to 2,154.38.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Rebound In Early Asian Trade

Posted: 28 Jul 2011 05:33 PM PDT

Forexpros – Crude oil futures moved higher Thursday, bouncing back from a seven-day low as U.S. government data on housing and unemployment lifted prospects for a spike in demand.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at 97.11 up 0.03%, after hitting a daily high of 97.26.<br /><br />In numbers released by the U.S. Department of Labor Thursday&nbsp; jobless claims dropped by 24,000 to 398,000, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For July 29, 2011

Posted: 28 Jul 2011 10:43 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract had a very quiet day as the range was tight on Thursday. The market is currently above the $95 mark, and as such – we still think the upward move is the most likely one. The market is finding the $100 level very tough, and as such – we feel we will consolidate between that level and the $95 mark. We are currently between the two levels now, so we have a neutral view of the market.

Brent
Brent fell on Thursday, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For July 29, 2011

Posted: 28 Jul 2011 10:41 AM PDT

By CommoditiesMansion.com

 
The natural gas markets rose, then fell on Thursday as traders are a bit unsettled as to what they should be doing as the debt limit talks in America are continuing. Because of the uncertainty, the markets have been negative and look vulnerable. However, we are still sitting in the support zone between $4.20 and $4.40. This leads us to look for supportive candles form which to buy. We are not interested in selling as long as we are over $4.

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


Gold Technical Analysis For July 29, 2011

Posted: 28 Jul 2011 10:40 AM PDT

By CommoditiesMansion.com

 
The gold markets fell on Thursday, as traders unwound some of their positions in what is an obviously overbought condition in the gold markets. The markets fell, but they did in fact find support at $1,600. We feel that the level should be support for the near future, and as a result this market will have trouble falling any significant amount. Once a deal is struck in DC on the debt limit talks, this market will more than likely have a sharp knee-jerk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment