Wednesday, July 6, 2011

DailyMarkets.com - German Factory Orders Jump Unexpectedly In May

DailyMarkets.com - German Factory Orders Jump Unexpectedly In May


German Factory Orders Jump Unexpectedly In May

Posted: 06 Jul 2011 03:04 AM PDT

Forex Pros – pros &ndash; German factory orders rose unexpectedly in May, increasing for the second consecutive month, official data showed on Tuesday.<br /><br />In a report, Deutsche Bundesbank said factory orders rose by a seasonally adjusted 1.8% in May, confounding expectations for a 0.5% drop.<br /><br />The previous month&rsquo;s figure was revised up to 2.9% from a 2.8% gain.&nbsp;&nbsp; <br /><br />Year-on-year, German factory … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Edges Up As Risk Appetite Weighed By Portugal

Posted: 06 Jul 2011 03:02 AM PDT

Forex Pros – pros &ndash; The Swiss franc slipped against the U.S. dollar on Wednesday, giving up some of the previous session&rsquo;s hefty gains, as risk appetite was hit by concerns over contagion in the euro zone after Portugal&rsquo;s debt rating was slashed to junk.<br /><br />USD/CHF hit 0.8444 during European morning trade, the daily high; the pair subsequently consolidated at 0.8422, gaining 0.20%.<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


Forex Trading: Euro Firmer On Better German Factory Orders

Posted: 06 Jul 2011 03:01 AM PDT

Factory orders for May came in at 1.85% vs. -0.5% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EUR/USD Finds Support @ 1.4341

Posted: 06 Jul 2011 02:55 AM PDT

The pair is trading on session lows currently testing support at 1.4341; an old support level from last week. The selling began earlier with the release of a better than expected UK housing price number (pressure from the EUR/GBP pair) and continued after Eurozone quarterly final GDP came in as expected at 0.8%. In the case of further selling we look to 1.43059 as the next target, a rebound should see us back near … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Hits 4-day Low After Portugal Rating Slashed To Junk

Posted: 06 Jul 2011 02:15 AM PDT

Forex Pros – pros &ndash; The euro fell to a four-day low against the U.S. dollar on Wednesday, after Moody’s downgrade of Portugal’s credit rating to junk status sparked fresh concerns over sovereign debt contagion in the euro zone.<br /><br />EUR/JPY hit 116.18 during European morning trade, the pair&rsquo;s lowest since June 30; the pair subsequently consolidated at 116.25, shedding 0.60%.<br /><br />The pair was likely to find support at 115.11, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Final Q1 GDP Unchanged In Line With Expectations

Posted: 06 Jul 2011 02:09 AM PDT

Forex Pros – pros &ndash; The euro zone&rsquo;s economy grew in line with preliminary estimates in the first quarter of 2011, official data showed on Wednesday.<br /><br />In a report, Eurostat said the euro zone&rsquo;s gross domestic product rose by a seasonally adjusted 0.8% in the first quarter, unchanged from a preliminary estimate, after rising 0.3% in the preceding quarter.<br /><br />Year-on-year, euro zone GDP rose at an annualized rate of 2.5% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Best Advice Since Bud Fox Stock Picks, How Too Wyckoff 2.0

Posted: 06 Jul 2011 02:08 AM PDT

There is a hedge fund manager saying this somewhere in the world ‘There is a bull market some where!’. We would like to restate this as ‘There is a mark up phase some where!’ .

This post is a carry on from Wyckoff 2.0 for the 21 first century

Wyckoff 2.0 Chart for Video

We hope that the $64000 question has just been answered: If you have a robust test to determine the pure mark up or down phase then every thing else on the chart not identified is by process of elimination is either … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Final GDP (q/q) 0.8% As Expected.

Posted: 06 Jul 2011 02:06 AM PDT

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


European Stocks Drop On Portugal Downgrade; DAX Down 0.2%

Posted: 06 Jul 2011 02:00 AM PDT

Forex Pros – pros &ndash; European stock markets were broadly lower on Wednesday, as shares in the financial sector led losses after ratings agency Moody&rsquo;s downgraded Portugal&rsquo;s sovereign debt rating to junk status.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />During European morning trade, the EURO STOXX 50 slumped 0.55%, France&rsquo;s CAC 40 fell 0.35%, while Germany’s DAX 30 dipped 0.2%.<br /><br />On Tuesday, ratings agency … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Higher After Portugal Downgrade

Posted: 06 Jul 2011 01:31 AM PDT

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, amid fresh fears over sovereign debt contagion in the euro zone after ratings agency Moody&rsquo;s downgraded Portugal&rsquo;s sovereign debt rating to junk status.<br /><br />During European morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.43% to hit 1.4366.<br /><br />Late Tuesday, Moody’s downgraded Portugal’s credit rating by four … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Plunges After Topping Confirmation; Starts Triangle Scenario

Posted: 06 Jul 2011 01:25 AM PDT

EUR/USD Still Bullish after ABC Correction; 1.4450 is critical (7/5)
EUR/USD

- As the market trades into the European session, EUR/USD is being rocked.
- The initial stage of the triangle scenario appears to be taking shape.
- The 1H chart shows the market after a strong break below 1.4450 was then followed by a pullback. The pullback respected the previous consolidation area, and fell sharply back below the 200SMA to confirm the topping attempt.
- The 1H RSI reading  shows the market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Ease Off 3-week High On Stronger U.S. Dollar

Posted: 06 Jul 2011 01:22 AM PDT

Forex Pros – pros &ndash; Crude oil futures edged lower on Wednesday, easing off a three-week high as a broadly stronger U.S. dollar reduced the appeal of commodities, while some mild-profit taking emerged after Tuesday&rsquo;s sharp gains.&nbsp; <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD96.60 a barrel during European morning trade, edging 0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down As Portugal Downgrade Weighs

Posted: 06 Jul 2011 01:01 AM PDT

Forex Pros – pros &ndash; The pound was down against the U.S. dollar on Wednesday, amid renewed concerns over the sovereign debt crisis in the euro zone after ratings agency Moody&rsquo;s downgraded Portugal&rsquo;s sovereign debt rating to junk status.<br /><br />GBP/USD hit 1.5998 during early European trade, the daily low; the pair subsequently consolidated at 1.6022, shedding 0.24%.<br /><br />Cable was likely to find support at 1.5910, the low of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Dips After Moody’s Downgrades Portugal

Posted: 06 Jul 2011 12:43 AM PDT

Forex Pros – pros &ndash; The U.S. dollar was lower against the yen on Wednesday, after ratings agency Moody’s downgraded Portugal&rsquo;s debt to junk status, sparking fresh fears over the euro zone&rsquo;s sovereign debt crisis.<br /><br />USD/JPY hit 80.80 during late Asian trade, the daily low; the pair subsequently consolidated at 80.88, shedding 0.22%.<br /><br />The pair was likely to find support at 80.26, the low of June 30 and resistance at 81.26, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Hover Near 8-day High After Portugal Downgrade

Posted: 06 Jul 2011 12:38 AM PDT

Forex Pros – pros &ndash; Gold futures firmed near an eight-day high on Wednesday, as the safe-haven appeal of the precious metal was boosted after ratings agency Moody&rsquo;s downgraded Portugal&rsquo;s sovereign debt rating to junk status.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,515.35 a troy ounce during late Asian trade, easing down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Halifax U.K. HPI Jumps More-than-expected In June

Posted: 06 Jul 2011 12:11 AM PDT

Forex Pros – pros &ndash; House prices in the U.K. rose significantly more-than-expected in June, industry data showed on Wednesday.<br /><br />In a report, the Halifax Bank of Scotland said its House Price Index jumped by 1.2% in June, after rising by 0.4% in May, whose figure was upwardly revised from a 0.1% gain. <br /><br />Economists expected the index to rise by 0.1% in June.<br /><br />The report showed that U.K. house prices fell at an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Mixed As Chinese Banks Slide; Nikkei Up 1.1%

Posted: 05 Jul 2011 11:49 PM PDT

Forex Pros – pros &ndash; Asian stock markets were mixed on Wednesday, amid renewed concerns over the euro zone&rsquo;s debt woes, while shares in Chinese lenders slumped on reports Singapore&rsquo;s Temasek Holdings sold shares to trim its exposure to the sector.&nbsp; <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.35%, Australia&rsquo;s ASX/200 Index rose 0.31%, while Japan&rsquo;s Nikkei 225 Index jumped 1.1%.&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Energy Development Corporation (EDC) Target Price

Posted: 05 Jul 2011 11:31 PM PDT

Energy Development Corporation (EDC)
Consensus Target Price: PHP 7.64

Firm
Analyst
Target Price
Date Released

 
 
 
 

Kim Eng Securities
Dy-Liacco
8.05
7/5/2011

Phils. Equity Partners
Trinidad
8.00
7/5/2011

CitisecOnline.com
Ching
7.76
7/4/2011

Macquarie
Ilagan
7.55
6/27/2011

Credit Suisse
Tinga
7.50
5/17/2011

JPMorgan
Lopez
7.50
5/16/2011

SB Equities
Balita
7.30
5/16/2011

Nomura
Raats
7.30
4/12/2011

Citi
Magpayo
7.80
4/5/2011

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


Forex – EUR/USD Up From 4-day Low Despite Portugal Downgrade

Posted: 05 Jul 2011 11:27 PM PDT

Forex Pros – pros &ndash; The euro eased off a four-day low against the U.S. dollar on Wednesday, ahead of the European Central Bank&rsquo;s policy meeting but gains were limited after ratings agency Moody&rsquo;s downgraded Portugal&rsquo;s sovereign debt rating to junk status.<br /><br />EUR/USD hit 1.4467 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4455, gaining 0.18%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: BHP Billiton

Posted: 05 Jul 2011 11:05 PM PDT

BHP Billiton (NYSE:BHP) is a diversified resource company with operations around the globe. Over the longer term, we view the economic recovery and ongoing industrialization in the emerging markets quite positively, as it is expected to improve the demand and price of the company’s products.
BHP Billiton’s commitment toward its long-term growth through key investment strategies appears encouraging and expected to raise organic revenue. Moreover, the progressive dividend policy and capital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Sears Holding Corp. (SHLD)

Posted: 05 Jul 2011 11:05 PM PDT

Sears Holdings Corp. (NASDAQ:SHLD) disappointed with its overall first-quarter 2011 results. The company posted a quarterly loss of $1.39 per share that plunged drastically from the prior-year quarter earnings of $0.16 primarily due to sluggish top-line performance. Management’s cost cutting initiatives for enhancing profits were of no use.
Moreover, intense competition and exposure to adverse foreign currency translations may undermine the company’s future operating performance. Furthermore, rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Wright Express Corp

Posted: 05 Jul 2011 11:05 PM PDT

Wright Express Corp (NYSE:WXS) recently rebounded from a key trend line to move back within striking distance of its recent 52-week high at $53.39. With estimates on the rise off another strong quarter, this Zacks #1 rank stock is on the fast track to momentum.
Company Description
Wright Express Corp, together with its subsidiaries, provides payment processing and information management products and services to commercial and government vehicle fleets in the IS, Canada, New Zealand, Australia and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Monsanto Company

Posted: 05 Jul 2011 11:05 PM PDT

Monsanto Company (NYSE:MON) is back in the game after a tough couple of years where earnings tumbled. The company recently raised full year guidance after reporting a strong fiscal third quarter. This Zacks #2 Rank (buy) is expected to grow earnings by 18% in fiscal 2011.
Monsanto is an agriculture company that primarily focuses on seeds, including genetically modified seeds, and herbicides. It offers farmers a range of seeds including corn, soybeans, cotton, wheat, canola and sugar cane.
Monsanto … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Littlefuse Inc.

Posted: 05 Jul 2011 11:05 PM PDT

Littlefuse Inc. (NASDAQ:LFUS) has posted big gains in 2011, recently rebounding from a long-term trend line to jump higher with the market. With four consecutive earnings surprises and rising estimates, this Zacks #1 rank stock is a solid pick for growth.
Company Description
Littlefuse, Inc. designs and manufactures circuit protection devices for the auto, electronic and electrical markets in the Americas, Europe and Asia. The company was founded in 1927 and has a market cap of $1.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 05 Jul 2011 10:55 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4453, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.4398, Tuesday&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.9000 and EUR/JPY falling 0.001% 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: 05 Jul 2011 10:25 PM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6065, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.5989, Friday&rsquo;s low, and resistance at 1.6140, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8996 and GBP/JPY falling 0.21% 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: 05 Jul 2011 09:55 PM PDT

Forex Pros – pros – The Euro was higher against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.2139, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.2100, Tuesday&rsquo;s low, and resistance at 1.2346, 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 0.19% to hit 1.4456 and EUR/JPY falling 0.10% 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: 05 Jul 2011 09:25 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8394, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8385, Tuesday&rsquo;s low, and resistance at 0.8526, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.4454 and USD/JPY falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Range Bound Trading Scenario

Posted: 05 Jul 2011 09:21 PM PDT

EUR/CHF

- Price action in the 4H chart shows the EUR/CHF in a bearish swing after a strong bullish one that came off of a record low.
- The RSI reading in the 4H chart was impressive breaking far above 70. This is a possible clue that the market will defend the 1.18 area again if bears bring it there.
- However, if this reading breaks back below 40, the momentum is no longer bullish and the market is likely turning range-bound with slight bearish bias.
- There is a concept call the rule of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bastiat’s One-Hand Solution To Job Losses

Posted: 05 Jul 2011 09:21 PM PDT

According to David Brooks writing in today’s NY Times, it’s a “problem” that “Manufacturing employment is cratering even as output rises.”

Don Boudreaux speculates that David Brooks probably “uses computers, word-processing software, ink-jet printers, e-mail, and other modern techniques that increase his productivity (and, thus, that cause the amount of time that he and others spend producing punditicities to crater even as their output rises).” In that case, Don wonders why Brooks “bemoan[s] … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hummmm…… Strike 3, I’m Out?

Posted: 05 Jul 2011 09:20 PM PDT

Things just keep getting curiousier and curiousier. Gold making a daily cycle of just 14 days?  Huh? I’ve seen *one* cycle that was 16 days, but common’. Who writes the rules for these bull markets, anyway?

And what about that picture perfect head and shoulders on the daily chart of the SP-500?  With my good furtune, it’s just a mirage.

Yes, I’ve been looking to smack that fastball and park it in the bleachers, and instead the curve ball has just left me looking.  And looking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 05 Jul 2011 09:00 PM PDT

Forex Pros – pros – The Euro was higher against the British Pound on Wednesday.<br/><br/> EUR/GBP was trading at 0.8986, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8973, Tuesday&rsquo;s low, and resistance at 0.9084, Friday&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 0.19% to hit 1.4456 and EUR/JPY falling 0.06% 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: 05 Jul 2011 08:35 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.85, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 80.54, Monday&rsquo;s low, and resistance at 81.19, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.21% to hit 1.4459 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In Asian Trading Hours

Posted: 05 Jul 2011 08:10 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9616, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 0.9580, Friday&rsquo;s low, and resistance at 0.9651, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.23% to hit 1.4462 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 05 Jul 2011 07:30 PM PDT

Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0726, up 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.0665, Tuesday&rsquo;s low, and resistance at 1.0790, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.10% to hit 1.3481 and AUD/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Previewing Tomorrow’s ISM Non-Manufacturing Index

Posted: 05 Jul 2011 07:15 PM PDT

Tomorrow's key fundamental release will be the ISM Non-Manufacturing index, a measure of the US services sector – which makes up about 85% of the economy.
Positive data can help give the USD some strength, as we would move one step away from the weaker growth seen in the 1st and 2nd quarters, one step away from the "temporary" soft patch that the US economy hit as a result of higher gas prices, Japan supply disruptions, and Greek sovereign debt concerns.
Manufacturing Rebounds in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 05 Jul 2011 07:05 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4445, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.4398, Tuesday&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8986 and EUR/JPY falling 0.17% 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: 05 Jul 2011 06:35 PM PDT

Forex Pros – pros – The Euro was lower against the Japanese Yen on Wednesday.<br/><br/> EUR/JPY was trading at 116.81, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 116.69, Tuesday&rsquo;s low, and resistance at 117.74, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.07% to hit 1.4439 and EUR/GBP rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:32 AM PDT

By ForexMansion.com

 
The USD/JPY rose on Tuesday, but still seems stagnant as the trading range is getting quite tight. The market looks quite content here, and as such, we are not trading this pair at the moment. We don't want to get involved until we break below 80 or above 82.

Originally posted here

Read about forex brokers and the best forex broker at ForexBrokers.co.uk.
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Dedicated to delivering the very best to its readers, ForexMansion.com stands at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:31 AM PDT

By ForexMansion.com

 
The USD/CHF pair fell hard on Tuesday, confirming the range being still intact. The 0.8550 area needs to be broken for the bulls to gain any traction from this point. Because of the range, we like selling rallies, as the trend is most certainly down.

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, ForexMansion.com stands … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:30 AM PDT

By ForexMansion.com

 
The USD/CAD pair rose on Tuesday, even though the oil markets rose significantly. This doesn't happen very often, and one would think that the CAD should appreciate because of the correlation. However, the 0.9650 area is crucial in keeping the massive bearishness intact from last week. We like selling rallies under that level.

Originally posted here

The definitive site about stocks, stock trading and stock news: StocksMansion.com.
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NZD/USD Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:30 AM PDT

By ForexMansion.com

 
The NZD/USD pair fell hard on Tuesday, the pair slowed and seems to have found a bit of support at the 82.50 level. The pair should find some kind of support at these levels, but we are currently looking for a supportive candle. If we get it, we like buying the dips.

Originally posted here

Explore ForexMansion.com to find out about forex brokers who is the best forex broker in the market.
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GBP/USD Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:29 AM PDT

By ForexMansion.com

 
We got a breakdown of the shooting star on Tuesday, and if you were quick, you made good money. However, the 1.60 proved to be too supportive for the bears, and we bounced. However, we feel bearish about this pair over the long run, and days like this just make us want to sell rallies all the more. A break below 1.59 is needed for a long-term sell.

Originally posted here

The latest info on day trading and particularly forex day trading is found at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/JPY Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:28 AM PDT

By ForexMansion.com

 
The GBP/JPY pair rose above the all-important 130 level on Tuesday, but fell back to it, forming a shooting star. This is a bearish sign, and could send the pair lower at this level. We are bearish until the top of the Tuesday range can be broken.

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


GBP/CHF Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:27 AM PDT

By ForexMansion.com

 
The shooting star that formed on Monday broke down on Tuesday, and sent this pair much lower. It looks as if the long-term bearish trend is set to continue as we race towards 1.34 again. We like selling rallies.

Originally posted here

Further information about forex trading and forex news can be found at ForexTrading.co.uk.
About ForexMansion.com:
ForexMansion.com is the forex dedicated flagship of the international Finance Mansion Network. Dedicated to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:26 AM PDT

By ForexMansion.com

 
The EUR/USD fell hard in reaction to the Tuesday debt downgrade given to Portugal. The markets fell roughly 100 pips off of the announcement. However, it looks as if the 1.44 may be some kind of support, so we are captious about selling. In fact, we feel this pair is too saddled with headline risk right now to get involved with it.

Originally posted here

The definitive site about stocks, stock trading and stock news: StocksMansion.com.
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As … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:25 AM PDT

By ForexMansion.com

 
The EUR/JPY pair fell in American trading as the Portuguese debt rating were cut significantly. The pair was at the top of a range, so a fall from here isn't catastrophic, rather looks more like a return to the range again. We looks for weakness, but expect 113.50 to be a floor.

Originally posted here

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


EUR/GBP Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:25 AM PDT

By ForexMansion.com

 
The EUR/GBP fell hard as Portuguese debt got downgraded on Tuesday. The pair has fallen back below the 0.90 area, and looks like it is trying to find support down there at the moment. We still think that for the short-term, this pair has a more bullish bias. We are waiting to see if we get a supportive candle on the daily close in order to buy it though.

Originally posted here

The latest info on day trading and particularly forex day trading is found at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/CHF Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:24 AM PDT

By ForexMansion.com

 
The EUR/CHF fell hard on Tuesday, as the Portuguese debt rating was cut. The candle is long and red, and so is the trend. Because of this, we like the idea of selling rallies again. We never buy this pair, but rather pick strategic places to sell.

Originally posted here

Read about forex brokers and the best forex broker at ForexBrokers.co.uk.
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AUD/USD Technical Analysis July 6, 2011

Posted: 05 Jul 2011 09:21 AM PDT

By ForexMansion.com

 
The AUD/USD pair fell on Tuesday, but looked to find support at the 1.07 area. The pair is in a strong bullish market, so we prefer buying on the dips – at least until 1.05 gives way. We have recently made a higher high, and with that, we are still bullish.

Originally posted here

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AUD/NZD Technical Analysis July 6, 2011

Posted: 05 Jul 2011 09:16 AM PDT

By ForexMansion.com

 
The AUD/NZD pair fell, and then rose during the hectic Tuesday session. We still have the triangle intact as it looks to close within that consolidation. We still want to see 1.28 or 1.32 gave way to tell us the proper direction in which to be placed.

Originally posted here

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Oil Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:05 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract rose massively during the Tuesday session, and has comfortably broken above the $95 level. The market has shown that it simply does not want to break below $90, and now it looks like $95 might be supportive as well. We are looking to buy dips at the moment.

Brent
The Brent market had a very similar day on Tuesday, breaking above the $112.50 mark. The market certainly looks buoyant, and we like buying dips at this point. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:04 AM PDT

By CommoditiesMansion.com

 
The natural gas markets had another very volatile day on Tuesday, but it clearly shows that the $4.20 mark is acting as massive support at this time. The market clearly looks as if it want to continue trading in this overall range, and since we are at the bottom of it – we like buying dips until we get below the $4 mark.

Originally posted here

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Gold Technical Analysis For July 6, 2011

Posted: 05 Jul 2011 09:03 AM PDT

By CommoditiesMansion.com

 
The gold markets absolutely exploded to the upside as traders bought the metals en mass. The market looks very healthy, and we have proven that the $1,475 area is going to be supportive for the time being. The uptrend over the last ten years still has us buying on dips, and refusing to sell at these levels.

Originally posted here

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Crude Oil Daily Fundamental Analysis For July 06, 2011

Posted: 05 Jul 2011 02:01 AM PDT

By CommoditiesMansion.com
Crude oil prices rose strongly on Tuesday despite that the U.S. dollar gained ground against major currencies, but crude oil prices rose after Barclays Capital adjusted its 2012 forecasts for Brent and Crude oil prices to the upside, which provided crude oil prices to rise above $96 a barrel.
Investors will be eyeing developments around the globe, since rising risk aversion will most likely put negative pressure on crude oil prices, noting that the U.S. will release … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For July 06, 2011

Posted: 05 Jul 2011 02:00 AM PDT

By CommoditiesMansion.com
Natural gas dropped on Tuesday, where expectations of moderating weather conditions weighed down on natural gas prices, as demand for power-plant fuel will ease.
Weather forecasts suggest that temperatures will be moderating over the coming period after a period of higher than normal temperatures, and accordingly, traders are speculating that demand for power-plant fuel will decline, and that should keep natural gas prices under pressure.
Originally posted here

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