Sunday, July 31, 2011

DailyMarkets.com - Forex – USD/JPY Weekly Outlook: August 1 – 5

DailyMarkets.com - Forex – USD/JPY Weekly Outlook: August 1 – 5


Forex – USD/JPY Weekly Outlook: August 1 – 5

Posted: 31 Jul 2011 03:13 AM PDT

Forexpros – The U.S. dollar tumbled to a four month low against the yen on Friday, as worse-than-expected data on second quarter U.S. growth and the absence of a deal on raising the U.S. debt ceiling bolstered safe haven demand.<br /><br />USD/JPY hit 78.69 on Tuesday, the weekly high; the pair subsequently consolidated at 76.77 by close of trade on Friday, plunging 1.94% over the week.<br /><br />The pair is likely to find short-term support at 76.12, the low of March … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Weekly Outlook: August 1 – 5

Posted: 31 Jul 2011 01:49 AM PDT

Forexpros – Last week saw the U.S. dollar plunge to a record low against the Swiss franc and a post-intervention low against the yen, as disappointing second quarter data on gross domestic product and uncertainty over a deal to raise the U.S. debt ceiling weighed.<br /><br />On Friday, the Commerce Department said the U.S. economy grew at an annual rate of just 1.3% in the second quarter, falling short of expectations for growth of 1.7%. First quarter growth was revised sharply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Scored Some On The GBPJPY

Posted: 31 Jul 2011 01:43 AM PDT

Hi FX fellas! Here's an update on my latest GBPJPY short.
Last July 17, 2011, I shorted the geppy since its rally at that time appeared to be cut short by the 50% Fibonacci retracement level of its most recent down wave. A presence of a hidden bearish divergence, where the price registers succeeding lower highs but the stochasatics mark consecutive higher peaks, plus an overbought condition signaled me that it was a good time to sell the Sterling pound for the Japanese yen (kindly see my … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s “This Week In Wall Street History”

Posted: 30 Jul 2011 09:30 PM PDT

07/31/11 In this episode of NYFP presents “This Week in Wall Street History”, we explore the history of web browser pioneer Netscape Communications. From it’s domination of the web when first introduced, to its immediate fall from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s Wall Street Lingo: Curb Market

Posted: 30 Jul 2011 09:00 PM PDT

07/31/11 This week, Jonathan Q. Frey of J. Streiche & Co. intrducs us to not only the history of his firm, but also the history of the American Stock Exchange’s curb market while giving us details on trader lingo at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


State Bank Of Pakistan Cuts Rate 50bps To 13.50%

Posted: 30 Jul 2011 07:40 PM PDT

The State Bank of Pakistan unexpectedly dropped its discount rate 50 basis points to 13.50% from 14.00%.  The Bank said: “The key parameter in this assessment is the outlook of inflation that indicates that average inflation in FY12 is expected to remain in line with the announced target.  No adjustment in the interest rate would have entailed further tightening of monetary policy in real terms, which is not warranted given the decline in private investment.”  The Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Miami Real Estate Market Heats Up: June Home Sales Are The Highest In 4 Years, For Condos 6 Years

Posted: 30 Jul 2011 06:51 PM PDT

DQ News — “Miami-area June home sales climbed above the year-ago level for the seventh consecutive month, suggesting this year’s lower prices have helped offset the loss of the homebuyer tax credits that boosted demand in the first half of 2010. The median sale price dipped slightly month-to-month and fell 10 percent from June 2010, marking the 45th consecutive month in which the median has fallen year-over-year.

June’s total sales were the highest for that month since June 2007 (when 10,136 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: IPhone Dermatoscope

Posted: 30 Jul 2011 06:14 PM PDT

Intomobile.com — “Among the ever-growing number of iPhone accessories, we've spotted a new one which may pave the way to revolutionize the health care as we know it. It's called Handyscope and by sticking it on the back of the device, it effectively turns the iPhone 4 or iPhone 3GS into a digital dermatoscope allowing for mobile skin examination.

The accessory works in conjunction with an app that enables users to take a sample of their skin, which once a photo is taken, can be beamed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For The Week Of August 1, 2011

Posted: 29 Jul 2011 04:34 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL had a bearish week, but has stopped at the $95 level, an area we have as support. Because of this, we are buyers between here and $90. If $90 gives way as support – this would be a massive trend changing event. Unless that happens, we are buying the dips.

Brent
Brent continues to fall, and then rise again. As you can see on the charts, there is a strong attempt to break the $120 level by the market, and one feels that it has to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For The Week Of August 1, 2011

Posted: 29 Jul 2011 04:33 AM PDT

By CommoditiesMansion.com

 
Natural gas market traded lower all week and is approaching the bottom of the massive consolidation area we find ourselves in, between the 4 and 5 dollar marks. As such, we are currently looking for supportive candles from which to establish new long positions. If we get a daily close below $4, this would change our minds and switch us to net sellers of this contract.

Originally posted here

The latest info on crude oil and particularly crude oil prices is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For The Week Of August 1, 2011

Posted: 29 Jul 2011 04:32 AM PDT

By CommoditiesMansion.com

 
The gold markets continue to rise against all currencies as the recent debt talks and crisis has grabbed all of the attention. As long as there is uncertainty, gold with benefit. The debt talks will certainly go into the weekend, and as such – we could get a solution. If we do, this will cause gold to fall, perhaps to the $1,575 level. We look to buy on signs of support at lower levels if this happens as the trend is still up. If the Congress doesn't … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For August 1, 2011

Posted: 29 Jul 2011 04:31 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract fell again on Friday, but did halt at the $95 level. This level caused a bounce, but it remains to be seen if it will hold. The GDP numbers out of America were very weak, and this causes concerns about the consumption of oil. None the less, we still see the level as support, and are looking to buy as long as it holds. A bounce back up to $100 isn't exactly out of the question. Also, the $90 level just below is massive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For August 1, 2011

Posted: 29 Jul 2011 04:29 AM PDT

By CommoditiesMansion.com

 
The natural gas markets fell hard again on Friday, as concerns over the US GDP numbers continue to plague the idea of growth. However, we still feel strongly about the idea of $4 being massive support, and are waiting to see if we get a supportive candle. Perhaps we will see a hammer or something like that in which to buy. If we break below $4, that would be very bearish.

Originally posted here

The definitive site about crude oil and crude oil news: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For August 1, 2011

Posted: 29 Jul 2011 04:28 AM PDT

By CommoditiesMansion.com

 
Gold markets rose again on Friday as the debt ceiling talks in DC are still presently stalled. As long as Congress continues to dawdle, there is a good chance that gold will continue to climb. However, it should be noted that the deadline is Tuesday and as such, there is real headline risk of an agreement being reached over the weekend. If it doesn't happen, a spike in prices could happen. When the deal is reached, there should be a pullback. That pullback … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Weekly Fundamental Analysis For August 01-05, 2011

Posted: 29 Jul 2011 01:48 AM PDT

By CommoditiesMansion.com
Natural gas prices dropped last week on speculations of milder weather conditions during this upcoming week in the Midwest and East of the United States, which led to speculations of falling demand for power-plant fuel.
On the other hand, the EIA report showed that natural gas stockpiles increased last week by 43 billion cubic feet compared with median estimates of 38 BCF and the prior estimate of 60 BCF.
Based on weather forecasts for warmer weather conditions in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Weekly Fundamental Analysis For August 01-05, 2011

Posted: 29 Jul 2011 01:48 AM PDT

By CommoditiesMansion.com
Gold prices rose last week to a new record high on concerns U.S. lawmakers will fail to reach a deal to raise the debt ceiling and reduce the swelling deficit, where traders targeted gold as a safe haven to hedge against a possible downgrade for the United States long standing AAA rating.
Investors will remain on their toes as negotiations continue between Democrats and Republicans, where the general consensus in markets is that lawmakers will be able to reach a last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Weekly Fundamental Analysis For August 01-05, 2011

Posted: 29 Jul 2011 01:48 AM PDT

By CommoditiesMansion.com
Crude oil prices fell last week amid the huge uncertainty that continued to surround markets, where the debt ceiling saga in the United States weighed down on confidence levels and raised concerns over the outlook for the U.S. economy as well as global growth, which put crude oil prices under pressure and pushed prices to the downside.
Meanwhile, the EIA report showed that crude oil inventories increased by 2.3 million barrels above than median estimates, which further … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For August 01, 2011

Posted: 29 Jul 2011 01:47 AM PDT

By CommoditiesMansion.com
Natural gas prices declined on Friday, despite expectations of warm weather conditions in the Midwest of the United States, as the EIA showed that natural gas storage change for the week ending July 22 increased above expectations.
Expectations of warm weather conditions should provide natural gas prices with bullish momentum, probably amid buoyant demand for power-plant fuel. Moreover, traders shall be awaiting a storm which could advance into a tropical cyclone, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Daily Fundamental Analysis For August 01, 2011

Posted: 29 Jul 2011 01:46 AM PDT

By CommoditiesMansion.com
Gold prices rose on Friday to hit a record high on Wednesday, where gold prices remained supported as U.S. lawmakers fail to reach an agreement to raise the debt ceiling, which doubled pressures on the U.S. dollar, and accordingly, gold prices stood well above $1600 an ounce.
Traders continue to target gold as a safe haven, especially amid speculation that U.S. lawmakers will be able to reach a compromise deal to raise the debt ceiling and reduce the deficit before an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Daily Fundamental Analysis For August 01, 2011

Posted: 29 Jul 2011 01:46 AM PDT

By CommoditiesMansion.com
Crude oil prices fell on Friday as pessimism continued to dominate markets, since U.S. lawmakers failed to reach an agreement to raise the debt ceiling with less than one week before a deadline as of August 2nd after which the United States will default on its debt payments, which kept investors on their toes, driving them away from risky assets, which put negative pressure on crude oil prices.
Meanwhile, the US economy released its advanced GDP reading for the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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