Tuesday, July 5, 2011

DailyMarkets.com - Wheat Futures Rebound From 11-month Low On Bargain Buying

DailyMarkets.com - Wheat Futures Rebound From 11-month Low On Bargain Buying


Wheat Futures Rebound From 11-month Low On Bargain Buying

Posted: 05 Jul 2011 03:14 AM PDT

Forex Pros – pros &ndash; Wheat futures were up on Tuesday, bouncing off an 11-month low as last week&rsquo;s steep decline created bargain buying opportunities for investors and importers. <br /><br />On the Chicago Mercantile Exchange, wheat futures for September delivery traded at USD6.3288 a bushel during European morning trade, surging 3.55%.&nbsp; <br /><br />It earlier rose as much as 4.2% to hit a daily high of USD6.3625 a bushel.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Hits 2-day Low As Risk Aversion Escalates

Posted: 05 Jul 2011 02:59 AM PDT

Forex Pros – pros &ndash; The U.S. dollar extended losses against the Swiss franc on Tuesday, as risk aversion escalated amid fears over possible monetary tightening by China and ongoing concerns over the euro zone&rsquo;s sovereign debt crisis.<br /><br />USD/CHF hit 0.8431 during European morning trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 0.8434, shedding 0.51%.<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 – EUR/GBP Extends Losses After Euro Zone Retail Sales Tumble

Posted: 05 Jul 2011 02:41 AM PDT

Forex Pros – pros &ndash; The euro extended losses against the pound on Tuesday, falling to a fresh three-day low after official data showed that retail sales in the euro zone slumped in May, posting their biggest fall in a year.<br /><br />EUR/GBP hit 0.8984 during European morning trade, the pair&rsquo;s lowest since June 30; the pair subsequently consolidated at 0.8989, shedding 0.55%.<br /><br />The pair was likely to find support at 0.8965, the low of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Retail Sales (May) -1.1% Vs. -1.0% Expected And 0.9% Prior Reading.

Posted: 05 Jul 2011 02:11 AM PDT

The euro weakened on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Mixed, Carrefour Tumbles; DAX Up 0.1%

Posted: 05 Jul 2011 02:09 AM PDT

Forex Pros – pros &ndash; European stock markets were mixed on Tuesday, pausing after a six-day rally, as ongoing concerns over Greece&rsquo;s sovereign debt woes and fears over a possible rate hike by China prompted investors to shun riskier assets.&nbsp; <br /><br />During European morning trade, the EURO STOXX 50 edged 0.3% lower, France&rsquo;s CAC 40 dipped 0.35%, while Germany’s DAX 30 eased up 0.1%.&nbsp; <br /><br />Local media reports in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Retail Sales Fall More-than-expected In May

Posted: 05 Jul 2011 02:05 AM PDT

Forex Pros – pros &ndash; Retail sales in the euro zone fell more-than-expected in May, official data showed on Tuesday. <br /><br />In a report, Eurostat said retail sales declined by a seasonally adjusted 1.1% in May, after rising by 0.7% in April, whose figure was downwardly revised from a 0.9% gain.&nbsp; <br /><br />Analysts had expected retail sales to decline by 1.0% in May.<br /><br />Year-over-year, retail sales in the euro zone fell at an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Final Services PMI Drops Unexpectedly In June

Posted: 05 Jul 2011 01:42 AM PDT

Forex Pros – pros &ndash; The euro zone’s services sector grew less than initially projected in June, falling to an eight-month low, data showed on Tuesday.<br /><br />In a report, the market research group, Markit said the final euro zone services business activity index fell to 53.7 in June, down from a preliminary estimate of 54.2.<br /><br />Analysts had expected the index to remain unchanged from a preliminary estimate of 54.2.&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Services PMI Rises Unexpectedly In June

Posted: 05 Jul 2011 01:35 AM PDT

Forex Pros – pros &ndash; Service sector activity in the U.K. rose unexpectedly in June, industry data showed on Tuesday.<br /><br />In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index eased up to 53.9 in June from 53.8 in May. <br /><br />Analysts had expected the index to decline to 53.5 in June. <br /><br />On the index, a level above 50.0 indicates expansion in the industry, below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Higher Vs. Most Rivals Amid China Rate Hike Fears

Posted: 05 Jul 2011 01:34 AM PDT

Forex Pros – The U.S. dollar was up against most of its major counterparts on Tuesday, as speculation over a possible rate hike by China weighed on risk appetite and bolstered safe haven demand.<br /><br />During European morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.31% to hit 1.4494.<br /><br />Earlier in the day, revised data showed that service sector growth in the euro zone slowed unexpectedly in June.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Final Services PMI 53.7 Vs. 54.2.

Posted: 05 Jul 2011 01:25 AM PDT

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


Forex Trading: Eurozone Final Services PMI

Posted: 05 Jul 2011 01:20 AM PDT

E/Z Final PMI Services came in at 53.7, weaker than the 54.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Slumps To 2-day Low On China Rate Hike Concerns

Posted: 05 Jul 2011 01:00 AM PDT

Forex Pros – pros &ndash; The pound slumped to a two-day low against the U.S. dollar on Tuesday, as concerns over a possible rate hike by China and ongoing fears over the euro zone&rsquo;s sovereign debt crisis weighed on risk appetite. <br /><br />GBP/USD hit 1.5991 during early European trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 1.6022, shedding 0.37%.<br /><br />Cable was likely to find support at 1.5910, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Dips To 2-day Low On Dollar, China Tightening Fears

Posted: 05 Jul 2011 12:59 AM PDT

Forex Pros – pros &ndash; Crude oil futures were down on Tuesday, slumping to a two-day low as a stronger U.S. dollar and concerns over an imminent tightening in Chinese monetary policy dragged prices lower. <br />&nbsp;<br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD94.68 a barrel during European morning trade, shedding 0.35%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Reserve Bank Of Australia Maintains Cash Rate At 4.75%

Posted: 05 Jul 2011 12:49 AM PDT

The Reserve Bank of Australia (RBA) maintained the cash rate unchanged at 4.75%.  The RBA said: “the Board judged that the current mildly restrictive stance of monetary policy remained appropriate”.  The RBA also noted: “Year-ended CPI inflation is likely to remain elevated in the near term due to the extreme weather events earlier in the year.  However, as the temporary price shocks dissipate, CPI inflation is expected to be close to target over the next 12 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Broadly Stronger Dollar Climbs To 4-day High Against Yen

Posted: 05 Jul 2011 12:44 AM PDT

Forex Pros – pros &ndash; The broadly stronger U.S. dollar climbed to a four-day high against the yen on Tuesday, as lingering concerns over the euro zone debt crisis and speculation over a rate hike by China weighed on risk appetite and boosted the greenback.<br /><br />USD/JPY hit 81.18 during late Asian trade, the pair&rsquo;s highest since June 29; the pair subsequently consolidated at 81.09, gaining 0.36%.<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


Gold Futures Edge Lower As Stronger Dollar Weighs

Posted: 05 Jul 2011 12:26 AM PDT

Forex Pros – pros &ndash; Gold futures eased off a two-day high on Tuesday, as a broadly stronger U.S. dollar reduced the appeal of the precious metal, but prices remained supported amid ongoing concerns over Greece&rsquo;s debt crisis. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,494.45 a troy ounce during late Asian trade, dipping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Tuesday 05 July

Posted: 05 Jul 2011 12:16 AM PDT

Market experience pullback after 4 up days. Nomura on Tuesday cuts its view of the European telecom sector to bearish from neutral. Australia’s central bank leaves its key interest rate on hold, as it downgrades its 2011 growth outlook. China’s banking system will require an eventual bailout by the central government, according to some analysts. More info, visit www.marketwatch.com

More significant losses come from the bank shares, Jardine Groups with except of Jardine Strategic.

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


Forex – NZD/USD Pulls Back After Hitting Fresh Record High

Posted: 05 Jul 2011 12:05 AM PDT

Forex Pros – pros &ndash; The New Zealand dollar erased gains against its U.S. counterpart on Tuesday, pulling back after earlier hitting its highest level since exchange rate controls ended in March 1985.<br /><br />NZD/USD pulled back from 0.8332, the pair&rsquo;s all-time high, to hit 0.8283 during late Asian trade, slipping 0.16%.<br /><br />The pair was likely to find support at 0.8097, the low of June 29 and short-term resistance at 0.8332, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Mixed Amid China Tightening Fears; Nikkei Up 0.1%

Posted: 04 Jul 2011 11:50 PM PDT

Forex Pros – pros &ndash; Asian stock markets swung between small gains and losses on Tuesday, pausing after a five-day rally amid fears of an imminent tightening in Chinese monetary policy. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index dipped 0.1%, Australia&rsquo;s ASX/200 Index fell 0.18%, while Japan&rsquo;s Nikkei 225 Index eased up 0.07%. <br /><br />In its statement on Monday, the People&rsquo;s Bank of China reiterated that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Slides To 4-day Low After RBA Holds Rates Steady

Posted: 04 Jul 2011 11:43 PM PDT

Forex Pros – pros &ndash; The Australian dollar slid to a four-day low against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left its benchmark interest rate unchanged and said the outlook for growth may be weaker than previously forecast.<br /><br />AUD/USD hit 1.0665 during late Asian trade, the pair&rsquo;s lowest since June 29; the pair subsequently consolidated at 1.0680, shedding 0.48%.<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 – Euro Hits 2-day Low Against Broadly Stronger Dollar

Posted: 04 Jul 2011 11:27 PM PDT

Forex Pros – pros &ndash; The euro retreated from a one-month high against the broadly stronger U.S. dollar on Tuesday, as concerns over the euro zone&rsquo;s sovereign debt problems continued to weigh.<br /><br />EUR/USD hit 1.4460 during late Asian trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 1.4474, shedding 0.45%.<br /><br />The pair was likely to find support at 1.4326, the low of June 29 and short-term resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Reserve Bank Of Australia Leaves Interest Rate Unchanged

Posted: 04 Jul 2011 11:18 PM PDT

Forex Pros – pros &ndash; The Reserve Bank of Australia kept its benchmark interest rate unchanged for the seventh straight meeting in July, it announced on Tuesday.<br /><br />In a statement, the RBA said it was keeping its benchmark interest rate unchanged at 4.75%, broadly in line with expectations.<br /><br />In its accompanying rate statement the RBA said that growth through 2011 was now unlikely to be as strong as earlier forecast. It also said inflation has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Discover Financial Services (DFS)

Posted: 04 Jul 2011 11:05 PM PDT

Discover Financial Services’ (NYSE:DFS) second quarter earnings came in dramatically ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes that also drove the loan loss reserve release growth. Higher consumer spending and merchant acceptance also contributed to the substantial expansion of income across direct banking and payment services segments.
While the SLC acquisition enhances its already strong student loan portfolio, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Masco Corporation (MAS)

Posted: 04 Jul 2011 11:05 PM PDT

Masco Corporation (NYSE:MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting margins to a large extent.
In addition, Masco is vulnerable to unfavorable currency fluctuations due to its extensive international presence. The company’s high dependency on a few individual customers offers little room for margin expansion. In the most recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: CARBO Ceramics Inc.

Posted: 04 Jul 2011 11:05 PM PDT

CARBO Ceramics Inc. (NYSE:CRR) is expected to see double digit earnings growth in 2011 and 2012. After this Zacks #1 Rank (strong buy) had its best quarter in the company’s history in the first quarter, shares hit a 10 year high.
CARBO is little known outside of those in the energy industry. But the company is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells.
It also provides fracture design and consulting services as well as fracture simulation software. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Discover Financial Services

Posted: 04 Jul 2011 11:05 PM PDT

Discover Financial Services (NYSE:DFS) just charged into a new multi-year high, gaining traction on an impressive 51% Q1 earnings surprise. Estimates have since jumped higher, providing more upward momentum for this Zacks #1 rank stock.
Company Description
Discover Financial Services, together with its subsidiaries, operates as a credit card issuer and electronic payment services provider primarily in the United States. The company was founded in 1986 and has a market cap of $14.4 billion.
DFS has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Wyndham Worldwide Corporation

Posted: 04 Jul 2011 11:05 PM PDT

Estimates jumped higher for Wyndham Worldwide Corporation (NYSE:WYN) after the company delivered better than expected results for the first quarter of 2011. Management also raised its EPS guidance for the full year off the strong quarter.
Based on consensus estimates, analysts project double-digit EPS for the company over the next two years. On top of this growth, Wyndham pays a dividend that yields 1.8%.
Much More than a Hotel Company
Wyndham Worldwide Corporation is a hospitality company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 04 Jul 2011 10:55 PM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4475, down 0.45% at time of writing.<br/><br/> The pair was likely to find support at 1.4438, Friday&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.9025 and EUR/JPY falling 0.19% 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: 04 Jul 2011 10:25 PM PDT

Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6042, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.5974, Thursday&rsquo;s low, and resistance at 1.6140, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.9024 and GBP/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dovish RBA Adds To Soft Tone Of Recent Aussie Fundamentals, But Trade Stronger

Posted: 04 Jul 2011 10:14 PM PDT

The Aussie started the week on the backfoot on Sunday as both building approvals and retail sales data came in softer than expected. If both the housing sector as well as consumer spending slows it can put the brakes on the RBA's rate hiking campaign. The positive trade report however helps to even things out a bit, but the AUD came under renewed pressure following the RBA meeting minutes.
Meeting Minutes Interpreted as Dovish, AUD Stumbles
The RBA rate meeting showed the central bank not as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 04 Jul 2011 09:55 PM PDT

Forex Pros – pros – The Euro was lower against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.2288, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.2032, Thursday&rsquo;s low, and resistance at 1.2346, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.44% to hit 1.4476 and EUR/JPY falling 0.12% 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: 04 Jul 2011 09:25 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8485, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.8306, Thursday&rsquo;s low, and resistance at 0.8526, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.39% to hit 1.4483 and USD/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Corn Slips On USDA Report

Posted: 04 Jul 2011 09:00 PM PDT

07/05/11 Corn prices continued to fall, after the latest USDA acreage report. The outlook for corn supplies was boosted by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down During The Asian Session

Posted: 04 Jul 2011 09:00 PM PDT

Forex Pros – pros – The Euro was lower against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.9028, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.8996, Thursday&rsquo;s low, and resistance at 0.9084, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.34% to hit 1.4490 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/JPY Up During Asian Trade

Posted: 04 Jul 2011 08:35 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 81.00, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.14, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.36% to hit 1.4488 and GBP/USD falling 0.21% 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: 04 Jul 2011 08:10 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9614, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.9580, Friday&rsquo;s low, and resistance at 0.9688, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.36% to hit 1.4487 and GBP/USD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Home Prices Are Poised To Climb

Posted: 04 Jul 2011 08:05 PM PDT

Bloomberg — “Prices for U.S. homes may climb as soon as the third quarter, ending declines as foreclosures decline make more home available for sale, said Housing and Urban Development Secretary Shaun Donovan. "It's very unlikely that we will see a significant further decline," Donovan said on CNN. "The real question is when will we start to see sustainable increases. Some think it will be as early as the end of this summer or this fall."

Home sales have increased in six out of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: $49 Strip Mall Lab Tests; A Convenient, Affordable Antidote To Obamacare

Posted: 04 Jul 2011 07:36 PM PDT

Click arrow to watch video.

KSTP — “Next time you want a blood test, you could get it at a strip mall. A store-front lab firm is now open in Plymouth. It is the first business of its kind in Minnesota, but it will not be the last.

53-year-old Elaine Warren came to Any Lab Test Now to get her cholesterol checked. “I had an annual exam. It was up just a little bit so I thought I’m going get ahead of the game,” says Warren. Her insurance covered her annual exam back in January, but to have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s This Week In Wall Street History

Posted: 04 Jul 2011 02:30 PM PDT

07/04/11 In this installment of NYFP presents “This Week in Wall Street History”, we are introduced to and given a in-depth account of the import role Dow Jones & Co. has and currently plays in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down During Asian Trade

Posted: 04 Jul 2011 07:30 PM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on Trade Balance.<br/><br/> AUD/USD was trading at 1.0703, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.0674, Friday&rsquo;s low, and resistance at 1.0790, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australia&rsquo;s trade balance rose more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USD On The Move

Posted: 04 Jul 2011 07:08 PM PDT

The USD is bid across the board as saftety demand has been spurred early in Asia on China's inflation concerns. The EURUSD pair has moved through the 100hr mavg where it had momentarily found a bid before continuing lower, the pair is now approaching the bottom of the 4-hr charts Bollinger Band. A break lower should bring the 38.2% retracement of the latest move (following the latest bailout for Greece) into play around the 1.44 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 04 Jul 2011 07:05 PM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4471, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.4438, Friday&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.9023 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Taking A Long Needed Break

Posted: 04 Jul 2011 07:04 PM PDT

Stock Chartist celebrated its 6th year as a blog on July 1 and needs a rest. The next few months will be totally consumed by a move to a new residence and a long-needed break. Since we’re planning on taking a 2-3 month road trip, some may call this break a “working-sabbatical”.
We hope to return in mid-October refreshed, with new ideas and a clear perspective. Hope you to see you again … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down On Economic Data

Posted: 04 Jul 2011 06:50 PM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on Trade Balance.<br/><br/> AUD/USD was trading at 1.0697, down 0.34% at time of writing.<br/><br/> The pair was likely to find support at 1.0674, Friday&rsquo;s low, and resistance at 1.0790, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australia&rsquo;s trade balance rose more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australia’s Trade Balance Rises More-than-expected

Posted: 04 Jul 2011 06:40 PM PDT

Forex Pros – pros – Australia&rsquo;s trade balance rose more-than-expected last month, official data showed on Tuesday.<br/><br/>In a report, Australian Bureau of Statistics said that Australia&rsquo;s trade balance rose to a seasonally adjusted 2.33B, from 1.62B in the preceding month whose figure was revised up from 1.60B.<br/><br/>Analysts had expected Australia&rsquo;s trade balance to rise 1.91B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 04 Jul 2011 06:35 PM PDT

Forex Pros – pros – The Euro was higher against the Japanese Yen on Tuesday.<br/><br/> EUR/JPY was trading at 117.54, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 116.13, Thursday&rsquo;s low, and resistance at 117.74, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.25% to hit 1.4503 and EUR/GBP falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Robinsons Land Corporation (RLC) Target Price

Posted: 04 Jul 2011 06:00 PM PDT

Robinsons Land Corporation (RLC)
Consensus Target Price: PHP 15.80

Firm
Analyst
Target Price
Date Released

 
 
 
 

Kim Eng Securities
Nerecina
12.71
6/15/2011

JPMorgan
Lopez
16.52
5/19/2011

citisecOnline
Laneda
16.65
5/19/2011

Phil. Equity Partners
Velasco
15.50
5/13/2011

CLSA
Venezuela
16.52
5/12/2011

Deutsche Bank
Sy
15.12
4/11/2011

*Target Price is set at 6 to 12 months from release.
*Data taken from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s Wall Street Lingo

Posted: 04 Jul 2011 01:00 PM PDT

07/04/11 This week, Todd Schoenberger, Managing Director for LandColt Trading, offers a brief synopsis of the important role the Russell 2000, NASDAQ 100, and S&P 500 play in the modern … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up During The Asian Session

Posted: 04 Jul 2011 05:45 PM PDT

Forex Pros – pros – The British Pound was higher against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 129.99, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 128.43, Thursday&rsquo;s low, and resistance at 130.17, Monday&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 0.02% to hit 1.6079 and EUR/GBP falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HUD Acknowledges Officials On Drugs

Posted: 04 Jul 2011 05:37 PM PDT

Well, not really. But at least one seems to be on something when he makes a pronouncement like this:
“U.S. Home Prices 'Unlikely' to Fall Further” (Bloomberg)
Homes in the U.S. are the most affordable they’ve been in decades and prices may start to climb as soon as the third quarter, Housing and Urban Development Secretary Shaun Donovan said today.
“It’s very unlikely that we will see a significant further decline,” Donovan said today on CNN. “The real question is when will we start to see … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:54 AM PDT

By ForexMansion.com

 
The USD/JPY fell on light volume during the Monday session, but managed to bounce back up. Because of the conflicting bearish and bullish candlesticks we are getting recently, we advise to stay out of this pair at this point. Although there are clear signs on a consolidation box between 80 and 82, it simply doesn't seem worth bothering with at this point as we meander around these levels.

Originally posted here

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


USD/CHF Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:53 AM PDT

By ForexMansion.com

 
The USD/CHF pair rose on Monday, only to fall after piercing the 0.85 level. The pair has been bearish for ages, and this is the top of a recent consolidation range between 0.85 and 0.83. As such, we favor shorting this pair, and a break of Monday's lows gets us doing that. If not – we will simply wait until the market reaches another resistance area and watch for selling opportunities there.

Originally posted here

Read about forex brokers and the best forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:52 AM PDT

By ForexMansion.com

 
USD/CAD rose on Monday, bouncing slightly as the holiday in America crushed most of the volume. The pair broke through major support at the end of last week, and this sets us up for shorting this pair only. The pair is a sell as long as we are under 0.9650, and longer-term, we would need to see 1.03 broken to the upside to get bullish.

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NZD/USD Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:51 AM PDT

By ForexMansion.com

 
The NZD/USD pair rose again on Monday, but just barely. Although the pattern is starting to look a bit toppy at these levels, we still don't recommend selling the pair as it is so bullish. Because of this, we are waiting for pullbacks in order to buy this pair. A break of the all-time highs made a few days ago gets us buying as well.

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GBP/USD Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:51 AM PDT

By ForexMansion.com

 
The GBP/USD rose, but ended the Monday session forming a shooting star just under the vital 1.61 area. This could be a sign that we are going to attempt a breakdown of the 1.59 area again. That area signals for long-term shorts once broken. We are watching this pair to see if it gives us that opportunity.

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GBP/JPY Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:50 AM PDT

By ForexMansion.com

 
GBP/JPY finds itself banging against the 130 level again. The Monday session was certainly light in volume, but it must be acknowledged that the Pound looks weak in general. The various other crosses point to a lower GBP, so this chart may not be any different. Although the Yen-related pairs tend to move in concert, there are times when they will diverge. It appears that the EUR/JPY is the only game in town when it comes to playing against the JPY. This pair looks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/CHF Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:48 AM PDT

By ForexMansion.com

 
The GBP/CHF rose on Monday, but formed a shooting star in the end. The formation is very bearish, and we would be more than willing to sell this pair if we break the lows on Monday. The fact that the area is below the all-important 1.36 area gets us even more bearish in the event of the breakdown. We still don't like buying this pair, even with the recent surge.

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EUR/USD Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:48 AM PDT

By ForexMansion.com

 
EUR/USD fell on Monday, but bounced from the 1.45 level to form a continuation hammer. This shows that the market is quite comfortable owning this pair at 1.45, and if that is true – higher prices are coming. The first target will be 1.47, and then 1.50 or so. As long as we are above 1.45, we are long-only of this pair.

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EUR/JPY Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:47 AM PDT

By ForexMansion.com

 
EUR/JPY fell in Asian trading, then found support in Europe. The pair looks like it is using the 117.50 area as support, and if we can break higher than the Monday high, we could see this pair move as high as 121.50, as defined by the recent consolidation area. A break below Monday's lows sends us back into the consolidation area of before.

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EUR/GBP Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:46 AM PDT

By ForexMansion.com

 
The EUR/GBP pair fell hard on Monday, but found support at the 0.90 level. The area was once considered by us to be massive resistance, and it looks as if it wants to be support now. Because of this, we are now bullish of this pair. A break of the Monday highs gets us long this pair. If we break below the Monday lows, we are simply going to wait for supportive action to buy this pair.

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EUR/CHF Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:45 AM PDT

By ForexMansion.com

 
One of the easiest trades over the last three years has been to sell the EUR/CHF. However, there are some signs coming out of Switzerland that the strength of the Franc is starting to be counterproductive to the economy. With the recent good news out of Europe involving Greece, and the struggles starting to appear in Switzerland, this pair could be changing trend for the time being. If we break the highs on Monday, we are going to get more and more bullish of this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:44 AM PDT

By ForexMansion.com

 
The AUD/USD fell in Asian trading on Monday as building approval and retail sales announcements disappointed the market. The truth is that the Aussie is still in a massive uptrend, and we won't sell it. We are simply waiting for a supportive candle to buy this pair yet again. Until we break below 1.02, which is a long way away, we are buying this pair only.

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AUD/NZD Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:43 AM PDT

By ForexMansion.com

 
The AUD/NZD pair has been winding up for some time now. We originally started with a consolidation range from 1.28 to 1.32, but have recently been tightening that range until we have formed a triangle. The lines are pretty obvious, and we are waiting for a breakout to tell us which direction this pair wants to go. Eventually – it will have to leave the 1.30 area.

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Oil Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:33 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude

The CL contract barely moved as traders are on holiday in America. The day's candle had a very small range, and as such, we still see the same things we did on Friday. The $95 level looks to be a major battleground, and it appears that it will be giving way by the force of the latest move. The real fight probably comes at higher levels, especially around the $100 mark. The hammer printed on Friday shows support in this area, and longs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:32 AM PDT

By CommoditiesMansion.com

 
The natural gas market found support again on Monday, albeit in very light trading. However, one cannot ignore the fact that the commodity seems to be holding up fairly well around the$4.20-$4.30 area. Because of this, we are cautiously optimistic about buying, as the range is looking fairly firm. We expect trading to bounce between $5 to $4 for the foreseeable future.

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Gold Technical Analysis For July 5, 2011

Posted: 04 Jul 2011 09:31 AM PDT

By CommoditiesMansion.com

 
The gold markets rose in very light trading on Monday, as traders bought what many consider a bargain. The $1,475 level has held so far, so we aren't ready to call it a short. As long as we are above that level, we are only willing to buy. The market looks like it could consolidate between that level and $1,550 for a while. We buy dips.

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Gold Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 08:57 PM PDT

By CommoditiesMansion.com
Gold started the week on Monday with some upside tendency as investors bought the metal on lows after three days of consecutive losses.
The volatility for gold remains evident and was powered on Monday with the weak dollar and the absence of U.S. markets on Independence Day.
We can see the metal struggling to retain its appeal and was supported by the default warnings from S&P on Monday, where the agency said it might count the French proposal for the private … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 08:57 PM PDT

By CommoditiesMansion.com
Crude started the week on Monday with tight ranged trading and low volume of trading amid the absence of U.S. markets in celebration of Independence Day.
With little liquidity in the market choppy trading prevailed on Monday with some upside support seen on the approved 8.7 billion euros aid payment to Greece by the finance ministers, their portion of the 12 billion July tranche and the remaining will be approved by the IMF.
Crude was also supported by the assessment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 08:56 PM PDT

By CommoditiesMansion.com
Natural gas prices were little changed on Monday and with a slight downside tendency with choppy low volume trading with the absence of U.S. markets for Independence Day.
The volatility remains evident on gas with the expectations for weather in the coming days and forecasts for warmer temperatures that might debt demand. The inventory data will be the main focus for the week alongside the weather forecasts and higher temperatures will surely help natural gas continue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 08:55 PM PDT

By ForexMansion.com
The USD/CAD pair traded with an upside bias on Monday amid thin holiday trading with the absence of U.S. markets though was affected by the downbeat data from Canada that affected loonie.
Loonie weakened after the reported weak inflation figures for May, where Industrial Product Price index dropped 0.2% and Raw Material Price index slumped 5.2% following a revised 6.9% which pressured loonie lower versus the dollar on slimming bets for a hawkish move by the BoC soon as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Daily Fundamental Analysis For July 05, 2011

Posted: 03 Jul 2011 08:55 PM PDT

By ForexMansion.com
The EUR/USD continued to fluctuate within a tight range on Monday with the lack of major momentum in the market with the absence of U.S. markets.
Ironically, the week started calmly despite the heavy data awaited by investors, as the holiday in the United States in celebration of Independence Day affected the market with tight range trading. The euro was mainly trading in the aftermath of the euro area's finance ministers meeting in which they endorsed the release of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Daily Fundamental Analysis For July 5, 2011

Posted: 03 Jul 2011 07:56 PM PDT

By ForexMansion.com
 
UKwill release PMI services for June with expectations showing a decline to 53.3 in June from 53.8, at 08:30 GMT.  Factory orders report for the month of May, due at 14:00 GMT, is expected to record 1.0% rise compared with the prior 1.2% drop.
On Monday, the pound showed advance for the second session against the dollar after the release of an employment report showed employment growth where the pound lowered its gains after the drop in PMI construction to 53.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Daily Fundamental Analysis For July 5, 2011

Posted: 03 Jul 2011 07:55 PM PDT

By ForexMansion.com
On Monday trading, the dollar continued its rebound against the Swiss franc pushing the pair to the upside for the fourth consecutive session amid the absence of data from both economies as the Swiss economy lacks fundamentals while US markets are closed due to Independence Day Holiday. The pair continued last week’s direction which was boosted by some optimism after the approval of the Greek austerity measures by the Greek Parliament and European finance ministers which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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