DailyMarkets.com - Italy Rocks Euro
DailyMarkets.com - Italy Rocks Euro |
- Italy Rocks Euro
- Canadian Dollar: Key ST Resistance At 993
- CRA International Downgraded
- Cliffs Doubles Quarterly Dividend
- Forex Trading: EURUSD Chops Around Range
- Word From The Floor: US Stocks Open Mixed, Trade Deficit Widens To $50.2 Bln
- Natural Gas Futures Advance On Extreme Heat Forecast
- YRC Worldwide Adopts New Facility
- Forex – Dollar Pares Gains Vs. Rivals As Euro Stabilizes
- Forex Trading: GBP/USD Leans Toward Further Overall Decline Despite Rebound
- Netflix Unveils New DVD Plan
- Qiagen To Buy 61% Stake In Ipsogen
- Forex – GBP/USD Trims Losses As Euro Zone Contagion Fears Ease
- GBP/USD Completes A Gartley Pattern And Sees Bullish Intention
- Crude Falls To Trade Near $94
- Gold Futures Trim Losses, Trade Above USD1,550
- Forex – EUR/USD Pares Losses On ECB Bond Buying Speculation
- More Chinese Rate Hikes This Year? Lending And Money Supply Suggests Yes, Awaiting GDP
- Rite Aid Reiterated To Underperform
- Crude Oil Futures Ease Off 7-day Low As Euro Pares Losses
- U.S. IBD/TIPP Economic Optimism Index Declines In July
- Out To Lunch
- Forex – USD/CAD Erases Gains After U.S. Trade Data
- Apple Drags HTC To Court
- Stock Market News Briefs: Alcoa, Alcatel, Arch Chemicals, Citigroup, Deutsche Bank AG, Dell, Kandi Technolgies, Corp., Local.com, NYSE Euronext, Pluristem Therapeutics
- Watson To Market Antares’ OAB Drug
- Monsanto, Sinochem To Seal Ties
- USD/CAD Rejected At 0.9775; Waiting On An Oil Rally To Accelerate Decline
- Forex Trading: USDJPY Takes Out June Low But Rebounds
- Euro Remains Under Pressure Amid Crisis Impasse
- British Pound: Caution
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- Euro: Caution
- Morning Market Brief
- Forex – EUR/CHF Pulls Back From Record Low After Italian Debt Auction
- Forex Trading: EURUSD Corrects Higher But Comes Off Peaks
- Alcoa Posts Mixed 2Q Results
- ABB To Acquire Trasfor Group
- Canada Trade Deficit Narrows In Line With Expectations
- U.S. Futures Slide On Italy Contagion Fears; Dow Sheds 0.5%
- EUR/USD: In Correction From 200-Period Moving Average Support; 1.4070-1.41 Is Resistance
- U.S. Trade Deficit Widens More-than-expected In May
- Neutral On J2 Global Communications
- Liberty Global To Divest Auster
- EUR Stabilizes On Talk Of Central Bank Buying Of Periphery Bonds
- USD/JPY Hammering At 79.56 Pivot To Open Way For 78.00, 76.00
- Forex – Dollar Trims Gains Vs. Rivals As Euro Regains Ground
- My FICO Scores Are Lower Than Expected In Raleigh – Why?
- Forex – GBP/USD Near 5-and-a-half Month-low After U.K. CPI Data
- Forex – EUR/USD Close To 5-month Low On Debt Contagion Fears
- Forex – USD/CHF Slides To 8-day Low As Euro Debt Crisis Deepens
- Central Bank Of Kenya Reverses Discount Window Rate To 6.25%
- Oil Prices Track S&P 500 With Earnings In Focus, Gold May Be Topping
- Wheat Futures Hit 3-day Low On Easing U.S. Crop Concerns
- Forex News –Sharp Selloffs For The Euro
- NZD/USD Daily Fundamental Analysis For July 13, 2011
- AUD/USD Daily Fundamental Analysis For July 13, 2011
- USD/JPY Daily Fundamental Analysis For July 13, 2011
- AUD/NZD Daily Fundamental Analysis For July 13, 2011
Posted: 12 Jul 2011 08:18 AM PDT Today’s Idea Tuesday, July 12, 2011 |
Canadian Dollar: Key ST Resistance At 993 Posted: 12 Jul 2011 08:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 08:05 AM PDT We are downgrading our rating on CRA International Inc (CRAI) to Neutral from Outperform. The company provides legal, regulatory, business consulting and other expert services through its specialized consultants across the globe. |
Cliffs Doubles Quarterly Dividend Posted: 12 Jul 2011 08:05 AM PDT Mining operator Cliffs Natural Resources Inc. (NYSE:CLF) announced that it will increase its quarterly cash dividend by 100% to $0.28 a share. The increased dividend will be paid on September 1, 2011, to shareholders of record at the close of business on August 15, 2011. |
Forex Trading: EURUSD Chops Around Range Posted: 12 Jul 2011 08:02 AM PDT The EURUSD is chopping around with little in the way of rhyme or reason. The price has held the 38.2% of the move up from the London low at the 1.3951 level. The channel trendline is also a support area. ON the topsid the 1.4007 level will be eyed, followed by the NY high at 1.4022 and the day high at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Word From The Floor: US Stocks Open Mixed, Trade Deficit Widens To $50.2 Bln Posted: 12 Jul 2011 07:55 AM PDT 07/12/11 The major equity averages started mixed, and borrowing costs in Italy and Spain rose to all time highs. U.S. trade deficit rose 15.1% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Natural Gas Futures Advance On Extreme Heat Forecast Posted: 12 Jul 2011 07:53 AM PDT Forex Pros – pros – Natural gas futures rallied for a third day on Tuesday, hovering below a one-week high as weather forecasts showed that a heat wave was moving towards the U.S. East coast, boosting cooling demand expectations for the fuel.<br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.323 per million British thermal units during U.S. morning trade, climbing 0.75%. <br /><br />It earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
YRC Worldwide Adopts New Facility Posted: 12 Jul 2011 07:50 AM PDT The leading transportation service provider in the world, YRC Worldwide (NASDAQ:YRCW) received a commitment for a three-year asset-based loan (ABL) scheme worth $400 million. The introduction of this new facility will bring in fresh capital into the company and also replace the existing asset-backed securitization (ABS) facility. The deal is expected to be completed by July 22, 2011. |
Forex – Dollar Pares Gains Vs. Rivals As Euro Stabilizes Posted: 12 Jul 2011 07:46 AM PDT Forex Pros – pros – The U.S. dollar pared broad gains against its major counterparts on Tuesday, as the euro stabilized following an earlier rout, after fears over sovereign debt contagion in the single currency bloc sparked a flight to safety.<br /><br />During early U.S. trade, the greenback was higher against the euro, with EUR/USD shedding 0.27% to hit 1.3992.<br /><br />The single currency was supported by speculation that the European Central Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: GBP/USD Leans Toward Further Overall Decline Despite Rebound Posted: 12 Jul 2011 07:41 AM PDT GBP/USD (daily chart) as of Tuesday (7/12/2011) has dropped down to hit a key 38.2% Fibonacci retracement (of the May 2010 lows to the May 2011 highs) and also approached its 1.5750 downside support target, before making a significant rebound. This occurs after a couple of weeks of sideways consolidation around 1.6000 that followed on the heels of a bullish trendline breakdown that effectively ended the year-long uptrend. The overall directional bias on GBP/USD continues to be to the downside. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 07:35 AM PDT A leading provider of online movie rental services, Netflix Inc. (NFLX) unveiled a new DVD-only subscription plan for $7.99 per month. Previously, Netflix subscribers had to pay $9.99 for unlimited DVD rentals and subscription access or $4.99 for just two DVDs per month. |
Qiagen To Buy 61% Stake In Ipsogen Posted: 12 Jul 2011 07:35 AM PDT Recently, Qiagen (NASDAQ:QGEN) entered into an agreement to acquire 61% stake in France-based Ipsogen, a leading molecular profiling and personalized healthcare diagnostic company in the field of hematology. |
Forex – GBP/USD Trims Losses As Euro Zone Contagion Fears Ease Posted: 12 Jul 2011 07:33 AM PDT Forex Pros – pros – The pound pared steep losses against the U.S. dollar on Tuesday, as fears over sovereign debt contagion in the euro zone eased as European Union leaders prepared to hold an emergency summit to address the crisis on Friday.<br /><br />GBP/USD clawed back up from 1.5781, the pair’s lowest since January 26; to hit 1.5895 during early U.S. trade, down 0.06% on the day.<br /><br />Cable was likely to find support at 1.5781, the days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
GBP/USD Completes A Gartley Pattern And Sees Bullish Intention Posted: 12 Jul 2011 07:31 AM PDT Prev: GBP/USD in a Wedge Breakout Signaling Bearish Continuation (7/6) - After breaking below a rising wedge last week, the sterling-greenback has been bearish. |
Posted: 12 Jul 2011 02:30 AM PDT 07/12/11 Front month crude prices fell to trade near $94 a barrel this session on eurozone debt fears and a stronger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Gold Futures Trim Losses, Trade Above USD1,550 Posted: 12 Jul 2011 07:28 AM PDT Forex Pros – pros – Gold futures trimmed losses on Tuesday, pulling back from a two-day low as the euro pared losses against the U.S. dollar, while lingering fears over the euro zone’s debt woes supported prices. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,551.55 a troy ounce during U.S. morning trade, easing down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – EUR/USD Pares Losses On ECB Bond Buying Speculation Posted: 12 Jul 2011 07:22 AM PDT Forex Pros – pros – The euro trimmed steep losses against the U.S. dollar on Tuesday, amid speculation that the European Central Bank stepped in to buy euro zone debt, while European Union leaders prepared to hold an emergency summit on Friday.<br /><br />EUR/USD clawed back up from 1.3838 the pair’s lowest since March 11, to hit 1.3990 during early U.S. trade, still down 0.28% on the day.<br /><br />The pair was likely to find support at 1.3751, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
More Chinese Rate Hikes This Year? Lending And Money Supply Suggests Yes, Awaiting GDP Posted: 12 Jul 2011 07:16 AM PDT While the financial markets remain riveted to what's happening in Europe and the higher yields seen in Euro-zone periphery markets, on the other side of the world we had data that can cause other issues for the global economy as we move through the 2nd half of the year. |
Rite Aid Reiterated To Underperform Posted: 12 Jul 2011 07:05 AM PDT We are maintaining our long-term ‘Underperform’ recommendation on Rite Aid Corporation (NYSE:RAD) with a target price of $1.25 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock. |
Crude Oil Futures Ease Off 7-day Low As Euro Pares Losses Posted: 12 Jul 2011 07:05 AM PDT Forex Pros – pros – Crude oil futures pared losses in volatile trade on Tuesday, easing off a seven-day low as the U.S. dollar came off its highs after a successful Italian bond auction and amid expectations U.S. crude supplies declined for a sixth consecutive week.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD94.95 a barrel during U.S. morning trade, shedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
U.S. IBD/TIPP Economic Optimism Index Declines In July Posted: 12 Jul 2011 07:03 AM PDT Forex Pros – pros – Consumer confidence in the U.S. declined more-than-expected in July, industry data showed on Tuesday.<br /><br />In a report, Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index dropped to 41.4 in July, down from June’s reading of 44.6.<br /><br />Economists had expected the index to decline to 43.9 in July. <br /><br />A reading above 50.0 indicates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 06:56 AM PDT After 21-months of trying to figure out how to mend the broken China in the store, EU officials in concluding a meeting on Monday posted a sign in the front window announcing they were "Out to Lunch." The current crisis of confidence feels somewhat different from past crises during which speculators ganged up to prize tiny fissures wide open before forcing an inevitable crack in the system. It has been said that Italian government debt is tightly concentrated in the hands of a finite number … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/CAD Erases Gains After U.S. Trade Data Posted: 12 Jul 2011 06:42 AM PDT Forex Pros – pros – The U.S. dollar erased gains against its Canadian counterpart on Tuesday, pulling back from a two-week high after government data showed that the U.S. trade deficit widened more-than-expected in May.<br /><br />USD/CAD pulled back from 0.9779, the pair’s highest since June 29, to hit 0.9688 during early U.S. trade, unchanged on the day.<br /><br />The pair was likely to find support at 0.9613, Monday’s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 06:35 AM PDT In a latest development, Apple Inc. (NASDAQ:AAPL) has sued HTC Corp. accusing the Taiwanese smartphone maker of infringing five of its patents. The patents relate to software architecture and user interfaces in portable electronic devices, hardware for touchscreens and movement sensors. The case was filed on July 8, 2011 with the U.S. International Trade Commission (ITC) in Washington. |
Posted: 12 Jul 2011 06:35 AM PDT Alcoa (NYSE:AA) posted Q2 EPS of $0.32, lower than the Zacks Consensus Estimates of $0.34 per share. Revenues for the quarter rose 27% year-over-year to $6.59 billion Swiss chemicals company Lonza Group (CH:LONN) will buy biocide firm Arch Chemicals, Inc. (NYSE:ARJ) in deal valued at $1.4 billion. Following this development, shares of Arch Chemical gained 12.33% Share prices of Chinese electric motor vehicle maker Kandi Technologies Corp. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Watson To Market Antares’ OAB Drug Posted: 12 Jul 2011 06:35 AM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced that it has entered into a licensing agreement with Antares Pharma Inc. (AIS) for the commercialization of Antares Pharma’s topical oxybutynin gel in the US and Canada. The oxybutynin gel is currently under regulatory review in the US as a treatment for overactive bladder (OAB). The US Food and Drug Administration (FDA) is expected to give its decision on the approval of the product by December 8, 2011. |
Monsanto, Sinochem To Seal Ties Posted: 12 Jul 2011 06:35 AM PDT Global agribusiness Monsanto Company (NYSE:MON) hopes to strengthen its tie with Sinochem, the Chinese chemicals conglomerate. At present, the two companies are in talks regarding the economic and politically sensitive issues, which were a topic for debate for months. |
USD/CAD Rejected At 0.9775; Waiting On An Oil Rally To Accelerate Decline Posted: 12 Jul 2011 06:32 AM PDT USD/CAD - The USD/CAD was seen in a double bottom attempt yesterday, and successfully developed it over the Asian-European session. |
Forex Trading: USDJPY Takes Out June Low But Rebounds Posted: 12 Jul 2011 06:27 AM PDT The USDJPY started a move yesterday falling below the 80.41 channel trendline level and continued in the evening falling below the 80.00 level and then the low from June at the 79.82 and the low from May at the 79.56 level. The low extended all the way to the 79.16 level before seeing a rebound. |
Euro Remains Under Pressure Amid Crisis Impasse Posted: 12 Jul 2011 06:24 AM PDT The European Euro remained under pressure in the overnight session, falling to its lowest exchange rate against the Japanese Yen and U.S. Dollar, while hitting another all-time low against the Swiss Franc, as the most recent round of meetings by European finance ministers failed to yield any resolution on how to solve the currency bloc's worsening debt crisis. |
Posted: 12 Jul 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Swiss Franc: The Downside Prevails Posted: 12 Jul 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 06:15 AM PDT 07/12/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – EUR/CHF Pulls Back From Record Low After Italian Debt Auction Posted: 12 Jul 2011 06:08 AM PDT Forex Pros – pros – The euro pulled back from a record low against the Swiss franc on Tuesday, boosted by speculation that the European Central Bank stepped in to buy peripheral euro zone debt and after a successful Italian bond auction.<br /><br />EUR/CHF clawed back up from 1.1555 the pair’s all-time low, to hit 1.1675 during European afternoon trade, still down 0.32% on the day.<br /><br />The pair was likely to find support at 1.1555, the days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: EURUSD Corrects Higher But Comes Off Peaks Posted: 12 Jul 2011 05:57 AM PDT Talk of bond purchases from EU central banks a better technical picture (less bearish) has given the EURUSD a lift in NY trading . The price moved above the trendline resistance on the hourly chart at the 1.3952 level and has extended to a high price of 1.4022. The next key target off the hourly chart comes in at the 1.4042 level. This is the 38.2% of the move down from the July 7th high price (see chart below). Staying above the channel trendline keeps the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 12 Jul 2011 05:50 AM PDT Alcoa Inc. (NYSE:AA), the largest U.S. aluminum producer, reported mixed second-quarter 2011 results. The company reported adjusted earnings per share of 32 cents, missing the Zacks Consensus Estimate of 34 cents. |
Posted: 12 Jul 2011 05:50 AM PDT ABB Ltd. (NYSE:ABB) entered into an agreement to acquire the Trasfor Group, a renowned producer of dry-type transformers and inductors for low-voltage and medium-voltage applications, for broadening its scope in specialty transformers business. With this acquisition agreement, ABB will be addressing the fast growing markets and applications. The financial terms of the deal were not disclosed. |
Canada Trade Deficit Narrows In Line With Expectations Posted: 12 Jul 2011 05:49 AM PDT Forex Pros – pros – Canada’s trade deficit narrowed broadly in line with market expectations in May, official data showed on Tuesday.<br /><br />In a report, Statistics Canada said that Canada’ trade surplus narrowed to CAD0.8 billion in May, in line with expectations, after posting a deficit of CAD0.9 billion in April.<br /><br />Canada’s exports increased 1.2% to CAD36.9 billion in May, while imports rose 1.1% to CAD37.8 billion. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
U.S. Futures Slide On Italy Contagion Fears; Dow Sheds 0.5% Posted: 12 Jul 2011 05:42 AM PDT Forex Pros – pros – U.S. stock futures pointed to a lower open on Tuesday, tracking global equity markets lower amid mounting fears that the euro zone’s sovereign debt crisis could spread to Italy, the region’s third largest economy. <br /><br />Dow Jones Industrial Average futures pointed to a decline of 0.5%, the S&P 500 futures dropped 0.75%, while Nasdaq 100 futures sank 0.65%.<br /><br />Stock index futures pared some of their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
EUR/USD: In Correction From 200-Period Moving Average Support; 1.4070-1.41 Is Resistance Posted: 12 Jul 2011 05:37 AM PDT Prev: EUR/USD Breaks Triangle to the Downside; Break of 1.41 Opens up 1.3960, 1.3850 (7/11) - The EUR/USD is rebounding off a bullish divergence after a sharp decline down to 1.3837. |
U.S. Trade Deficit Widens More-than-expected In May Posted: 12 Jul 2011 05:35 AM PDT Forex Pros – pros – The U.S. trade deficit widened more-than-expected in May, official data showed on Tuesday.<br /><br />In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD50.2 billion in May, compared to a deficit of USD43.6 billion in April, whose figure was revised from a deficit of USD43.7 billion.<br /><br />Analysts had expected the U.S. trade deficit to widen to USD44.0 billion in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Neutral On J2 Global Communications Posted: 12 Jul 2011 05:30 AM PDT We downgrade our recommendation on j2 Global Communications Inc. (NASDAQ:JCOM) to Neutral based on its current valuation. The stock price soared more than 36% last year. We continue to believet he company's strong financial position and diversified product pipeline, coupled with the future growth prospects of outsourced value-added messaging services, will drive its valuation levels higher in the near future. |
Liberty Global To Divest Auster Posted: 12 Jul 2011 05:30 AM PDT Liberty Global Inc. (NASDAQ:LBTYA), a leading cable operator in Europe, Latin America, and Australia, has decided to divest its operations in Australia. Liberty Global holds 54% stake of Austar United Communications Ltd., a leading pay-TV service provider in Australia. Yesterday, Austar announced that Liberty Global and Foxtel, the largest pay-TV operator in Australia, have entered into a definitive agreement whereby Foxtel will acquire 100% stake of Austar for approximately $2 billion. Liberty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
EUR Stabilizes On Talk Of Central Bank Buying Of Periphery Bonds Posted: 12 Jul 2011 05:28 AM PDT The Euro continued sinking overnight, falling to a 4-month low against the Yen at 109.60, slicing through its 200-day moving average against the USD to 1.3840, and falling to a fresh record low against the Swiss Franc at 1.1580. |
USD/JPY Hammering At 79.56 Pivot To Open Way For 78.00, 76.00 Posted: 12 Jul 2011 05:05 AM PDT Prev: USD/JPY Finishing a Rising Wedge (7/7) - The USD/JPY is testing an important pivot at 79.56. |
Forex – Dollar Trims Gains Vs. Rivals As Euro Regains Ground Posted: 12 Jul 2011 05:04 AM PDT Forex Pros – pros – The U.S. dollar remained broadly higher against its major counterparts on Tuesday, while the euro regained ground following a successful auction of Italian government debt, in spite of ongoing concerns over sovereign debt contagion to the nation.<br /><br />During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.22% to hit 1.3997.<br /><br />Italy auctioned the targeted amount of EUR6.75 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
My FICO Scores Are Lower Than Expected In Raleigh – Why? Posted: 12 Jul 2011 05:01 AM PDT |
Forex – GBP/USD Near 5-and-a-half Month-low After U.K. CPI Data Posted: 12 Jul 2011 04:46 AM PDT Forex Pros – pros – The pound was trading close to a five-and-a-half-month low against the U.S. dollar on Tuesday, as concerns over sovereign debt contagion saw investors shun riskier assets while a report showing a decline in U.K. inflation weighed on interest rate expectations.<br /><br />GBP/USD hit 1.5781 during European afternoon trade, the pair’s lowest since January 26; the pair subsequently consolidated at 1.5827, shedding 0.49%.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – EUR/USD Close To 5-month Low On Debt Contagion Fears Posted: 12 Jul 2011 04:30 AM PDT Forex Pros – pros – The euro was hovering close to a five-month low against the U.S. dollar on Tuesday, pressured by growing concerns that the euro zone’s debt crisis was spreading to Italy as government bond yields rose sharply.<br /><br />EUR/USD hit 1.3838 during European early afternoon trade, the pair’s lowest since March 11; the pair subsequently consolidated at 1.3924, shedding 0.75%.<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/CHF Slides To 8-day Low As Euro Debt Crisis Deepens Posted: 12 Jul 2011 04:08 AM PDT Forex Pros – pros – The U.S. dollar erased gains against the Swiss franc on Tuesday, slipping to an eight-day low as growing concerns that the sovereign debt crisis in the euro zone could spread to the region’s core economies boosted safe haven demand.<br /><br />USD/CHF pulled away from 0.8397, the pair’s highest since Friday, to hit 0.8336 during European early afternoon trade, shedding 0.25%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Central Bank Of Kenya Reverses Discount Window Rate To 6.25% Posted: 12 Jul 2011 03:52 AM PDT The Central Bank of Kenya (CBK) reversed its 29 June 2011 decision, lowering CBK discount window rate to 6.25% from 8.00%. The CBK maintained the central bank rate unchanged at 6.25% (having increased it 25bps on the 31st of May this year). The Bank said in its circular: “Central banks always run discount windows as facilities of last resort as a means of providing temporary liquidity to banks in extreme cases. The CBK is concerned that recently, commercial banks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Oil Prices Track S&P 500 With Earnings In Focus, Gold May Be Topping Posted: 12 Jul 2011 03:50 AM PDT Commodities – Energy |
Wheat Futures Hit 3-day Low On Easing U.S. Crop Concerns Posted: 12 Jul 2011 03:27 AM PDT Forex Pros – pros – Wheat futures were down for a second day on Tuesday, slumping to a three-day low as easing concerns over U.S. crop conditions pressured prices, which were also weighed by a stronger U.S. dollar. <br /><br />On the Chicago Mercantile Exchange, wheat futures for September delivery traded at USD6.1988 a bushel during European morning trade, tumbling 2.82%. <br /><br />It earlier fell as much as 3.3% to trade at USD6.1762 a bushel, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex News –Sharp Selloffs For The Euro Posted: 11 Jul 2011 04:02 PM PDT By ForexMansion.com |
NZD/USD Daily Fundamental Analysis For July 13, 2011 Posted: 11 Jul 2011 03:50 PM PDT By ForexMansion.com |
AUD/USD Daily Fundamental Analysis For July 13, 2011 Posted: 11 Jul 2011 03:39 PM PDT By ForexMansion.com |
USD/JPY Daily Fundamental Analysis For July 13, 2011 Posted: 11 Jul 2011 03:12 PM PDT By ForexMansion.com |
AUD/NZD Daily Fundamental Analysis For July 13, 2011 Posted: 11 Jul 2011 03:09 PM PDT By ForexMansion.com |
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