Friday, July 22, 2011

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

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


Forex – USD/JPY Up In European Trade

Posted: 22 Jul 2011 02:30 AM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 78.54, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 78.23, Thursday&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.21% to hit 1.4394 and GBP/USD falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Industrial New Orders Rise More-than-expected

Posted: 22 Jul 2011 02:10 AM PDT

Forexpros – Industrial new orders in the euro zone rose more-than-expected last month, official data showed on Friday.<br/><br/>In a report, Eurostat said that Euro zone industrial new orders rose to a seasonally adjusted 3.6%, from 0.8% in the preceding month whose figure was revised up from 0.7%.<br/><br/>Analysts had expected Euro zone industrial new orders to rise 0.8% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Industrial New Orders (May) 3.6% Vs. 0.8% Expected.

Posted: 22 Jul 2011 02:01 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: 22 Jul 2011 01:55 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4409, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8840 and EUR/JPY rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down On Economic Data

Posted: 22 Jul 2011 01:15 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/USD was trading at 1.4400, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate fell more-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Ifo Business Climate Falls More-than-expected

Posted: 22 Jul 2011 01:10 AM PDT

Forexpros – Germany&rsquo;s Ifo business climate fell more-than-expected last month, data showed on Friday.<br/><br/> In a report, the Ifo Institute for Economic Research said its index of German business climate fell to 112.9, from 114.5 in the preceding month .<br/><br/> Analysts had expected the index to fall to 113.6 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The European Session

Posted: 22 Jul 2011 01:10 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6291, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.6006, Monday&rsquo;s low, and resistance at 1.6341, 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 0.14% to hit 0.8846 and GBP/JPY rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Close Higher; Nikkei Up 1.22%

Posted: 22 Jul 2011 12:10 AM PDT

Forexpros – Asian stocks were up after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index rose 1.22%, Australia&rsquo;s S&P/ASX 200 index gained 1.03%, while Hong Kong&rsquo;s Hang Seng Index was trading 1.94% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.30%, S&P 500 futures pointed to an increase of 0.40% and Nasdaq … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Crown Castle (CCI)

Posted: 21 Jul 2011 11:05 PM PDT

We upgrade our recommendation on Crown Castle (NYSE:CCI) to Outperform ahead of its second-quarter 2011 financial results. Increasing deployment of 3G/4G high-speed mobile voice, data, and video technology and significant growth of mobile Internet traffic have driven robust results in the last couple of quarters.
The company continues to perform well with respect to several parameters, including its core site rental revenue and gross margin, adjusted EBITDA, as well as recurring cash flow. We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: International Business Machines Corporation

Posted: 21 Jul 2011 11:05 PM PDT

International Business Machines Corporation (NYSE:IBM) reported better than expected results for its second quarter on July 18. The company came in ahead of Zacks Consensus Estimates on both revenue and earnings per share.
Management raised its guidance for the remainder of the year off of the strong quarter, prompting analysts to revise their estimates higher. This sent the stock to a Zacks #2 Rank (Buy).
With projected EPS growth rates of 16% in 2011 and 11% in 2012, it’s hard to believe Big … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Tellabs Inc. (TLAB)

Posted: 21 Jul 2011 11:05 PM PDT

Our Underperform recommendation on Tellabs Inc. (NASDAQ:TLAB) is backed by our assessment that the poor performance of the company will continue in the near future. First-quarter 2011 financial results were well below the Zacks Consensus Estimates and the second-quarter 2011 outlook provided by management was disappointing.
What is important is that Tellabs’ globally reputed high-margin digital cross-connect products are also showing a downtrend. Therefore, gross margin of the company suffered a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Check Point Software Technologies Ltd.

Posted: 21 Jul 2011 11:05 PM PDT

Check Point Software Technologies Ltd. (NASDAQ:CHKP) just spiked into a new multi-year high after reporting strong Q2 results and raising guidance for the second half of the year. With an average earnings surprise of 6% over the last four quarters, this Zacks #2 Rank stock passes the momentum test.
Although Check Point has been posting solid gains this year, shares got an extra boost on July 18 after the company reported another great quarter that showcased big gains from last year.
Second-Quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Universal Stainless & Alloy

Posted: 21 Jul 2011 11:05 PM PDT

Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) looked like it was headed for trouble after being featured as a Zacks Rank Buy in May. That was until the company came out with 2 great announcements.
Estimates have been moving higher and the stock is now a Zacks #2 Rank (Buy), poised to hit new highs.
Company Description
Universal makes semi-finished and finished steels. The company’s products are used in heavy equipment manufacturing, petrochemical, and other industries.
Raising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cashing Out On Las Vegas Sands

Posted: 21 Jul 2011 10:54 PM PDT

The recent news on European and US debt issues has certainly shown that the recovery process isn't going as well as we initially thought. This has caused much uncertainty into the near term future and any signs of further weaknesses could result in a significant collapse of the market.
From a technical point, the Dow Jones Industrial Index seems to be hitting a resistance level. We believe that the market will be getting more volatile and there should be limited upside potential … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 21 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 1.4404, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, 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 0.01% to hit 0.8832 and EUR/JPY rising 0.25% 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: 21 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 1.6300, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6006, Monday&rsquo;s low, and resistance at 1.6341, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8829 and GBP/JPY rising 0.22% 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: 21 Jul 2011 10:00 PM PDT

Forexpros – The Euro was higher against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.1768, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.1406, Monday&rsquo;s low, and resistance at 1.1801, 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 0.21% to hit 1.4394 and EUR/JPY rising 0.17% 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: 21 Jul 2011 09:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8176, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 0.8106, Monday&rsquo;s low, and resistance at 0.8278, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.28% to hit 1.4385 and USD/JPY rising 0.39% 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: 21 Jul 2011 09:20 PM PDT

Forexpros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8824, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8706, Monday&rsquo;s low, and resistance at 0.8844, 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 0.26% to hit 1.4387 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Michael Burry: The Story Behind Shorting The Housing Bubble

Posted: 21 Jul 2011 09:11 PM PDT

This is a good look into the story of Michael Burry and how he shorted the housing bubble. His story was also discussed in the books The Big Short and The Greatest Trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 21 Jul 2011 08:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 78.59, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 78.23, Thursday&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.26% to hit 1.4388 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In Asian Trading Hours

Posted: 21 Jul 2011 08:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9451, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 0.9424, Thursday&rsquo;s low, and resistance at 0.9635, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.26% to hit 1.4387 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Finally, An End To NASA’s Manned Space Shuttles

Posted: 21 Jul 2011 08:09 PM PDT

From Friday’s WSJ:

“Issues of mismanagement and expense certainly dogged the space shuttle program throughout its 30-year run, which came to an end Thursday with the safe touchdown of the shuttle Atlantis in Florida. Thank goodness. Maybe now NASA can concentrate on what it does best—mainly, unmanned space exploration—while private enterprise takes over the business of putting humans into orbit. 

When it was first conceived, the shuttle was supposed to be a kind of space truck, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down During Asian Trade

Posted: 21 Jul 2011 07:30 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0834, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.0561, Monday&rsquo;s low, and resistance at 1.0856, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.19% to hit 1.3282 and AUD/JPY rising 0.32% 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: 21 Jul 2011 07:05 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4392, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, 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 0.8824 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Friday 22 July

Posted: 21 Jul 2011 06:59 PM PDT

Singapore market moves higher, approaching 3200 points, all thanks to strong performance from overnight Dow. Details on aid package for Greece and positive earnings, particularly Morgan Stanley, lift stocks. Asian shares join in a global rally triggered by news of a new aid package for Greece and plans to prevent sovereign-debt contagion spreading.

President Obama and House Speaker John Boehner are said to be close to reaching a deal on raising the debt ceiling, but both sides rebut such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 21 Jul 2011 06:35 PM PDT

Forexpros – The Euro was higher against the Japanese Yen on Friday.<br/><br/> EUR/JPY was trading at 113.20, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 110.66, Monday&rsquo;s low, and resistance at 113.29, 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 1.4398 and EUR/GBP falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up During The Asian Session

Posted: 21 Jul 2011 05:45 PM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 128.13, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 126.67, Monday&rsquo;s low, and resistance at 128.28, 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 0.10% to hit 1.6314 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Uranium Stocks Basing, Potential Upside Breakout

Posted: 21 Jul 2011 05:36 PM PDT

My firm has been observing with great interest the divergent paths in nuclear policy being taken right now by two major sovereign nations, France under Nicolas Sarkozy and Germany led by Angela Merkel.
These neighboring countries share little more than a common border. They are embarking upon two polar-opposite philosophies regarding nuclear development.
Sarkozy understands fully the concept that a modern industrial nation must utilize safe and economical nuclear power to satisfy its energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Perils Of Technology

Posted: 21 Jul 2011 10:42 AM PDT

File this under the perils of technology: Here is a link to the funniest autocorrections on iPhones. (Warning: NSFW).

I haven’t laughed this hard in years.

It does illustrate, however, the limits of automated (read: quantitative) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For July 22, 2011

Posted: 21 Jul 2011 09:34 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL market rose during the Thursday session, slamming into the $100 mark. The level seems to be a large barrier, and a place we have been watching for a while now. If we can break the level on a daily – close, this would be a massively bullish sign. The market looks strong as a whole, and we like buying dips, and hanging onto the contract if we get to close over $100.

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


Natural Gas Technical Analysis For July 22, 2011

Posted: 21 Jul 2011 09:33 AM PDT

By CommoditiesMansion.com

 
The natural gas markets fell hard on Thursday as traders reacted to the announcement that drawdown from reserves in America came in line. This is also a reaction to the fact that the heat wave should be ending in the next few days. Because of this, a pullback is certainly valid, but it should be noted that the $4.40 level did hold during the session. We believe there is a box of support between $4.40 and $4.20 in which the market gets bullish again. We will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For July 22, 2011

Posted: 21 Jul 2011 09:32 AM PDT

By CommoditiesMansion.com

 
The gold markets fell on Thursday as the markets began to think that the debt crisis and debt ceiling issues on both sides of the Atlantic might begin to be solved, or at least gotten under wraps. The truth is that the market is much overbought at these levels, and a pullback is quite welcome. We want to buy dips, and would absolutely love to do so the closer we get to $1,550, but would also consider as high as $1,575 if the right candle comes along. We do … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Daily Fundamental Analysis For July 22, 2011

Posted: 21 Jul 2011 02:06 AM PDT

By CommoditiesMansion.com
Crude oil prices extended the rise on Thursday, as optimism spread across markets after a draft for the EU summit released by Reuters eased concerns among traders, as it signaled the EU is preparing an expanded measure to help Greece, Portugal, and Ireland overcome their debt problems, which overshadowed worse than expected manufacturing data from China. Moreover, better than expected data from the United States also boosted confidence in markets and eased fears over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For July 22, 2011

Posted: 21 Jul 2011 02:05 AM PDT

By CommoditiesMansion.com
Natural gas prices dropped on Thursday after the EIA report for natural gas inventories showed stockpiles increased last week by 60 billion cubic feet in line with expectations and down from an increase of 84 billion cubic feet in the prior week, and below the 5-year average rise of 67 billion cubic feet.
Expectations of milder weather conditions next week should continue to put negative pressure on natural gas prices on Friday, since it will lead to speculations of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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