DailyMarkets.com - Forex – Euro Erases Losses Against Broadly Weaker Pound

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• Forex – Euro Erases Losses Against Broadly Weaker Pound
• European Stocks Rally On Fed Easing Hopes; DAX Jumps 1.3%
• Euro Zone Unemployment Rate Unchanged In July
• Euro Zone Flash CPI Holds Steady In August
• Forex Trading: Eurozone Unemployment Slight Rise, Year Over Year CPI Stays The Same
• Forex – Dollar Lower Vs. Rivals Amid Fed Stimulus Speculation
• Forex – Pound Edges Higher As Dollar Hit By Fed Speculation
• Forex Trading: Eurozone Unemployment & CPI Data Due At 5AM
• German Unemployment Change Declines Less-than-expected
• Crude Oil Hovers Close 4-week High Ahead Of Supply Data
• Forex – USD/JPY Slides On Fed Easing Expectations
• Forex Trading: EUR/$ Testing Hourly Support
• Gold Trades In Tight Range Supported By Fed Stimulus Expectations
• Crude Oil, Gold Look To Take Cues From US ADP Data And Lockhart
• Forex – AUD/USD Edges Higher Amid Fed Easing Speculation
• Forex – NZD/USD At 1-month High On Fed Stimulus Expectations
• Would You Buy This Stock?
• Asia Stocks Gain Amid U.S. Easing Speculation; Nikkei Flat
• Forex – Euro Unchanged Against Dollar As EZ Debt Fears Weigh
• German Retail Sales Flat In July
• Bear Of The Day: Linear Technology (LLTC)
• Growth & Income Stock: PetSmart, Inc.
• Momentum Stock: Miller Industries, Inc.
• Bull Of The Day: Navigant Consulting, Inc. (NCI)
• Aggressive Growth Stock: China XD Plastics
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Anticipating Resistance For The GBP/USD At The 1.6350-1.6380 Zone
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• Obama’s Chief Econ. Adviser Once Made An Amazing Discovery: Demand Curves Slope Upward
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During Asian Trade
• Energy Development Corporation (EDC) To Regain Its Poise
• Forex – GBP/JPY Down During The Asian Session
• Japan’s Industrial Production Rises Less-than-expected
• Forex – USD/JPY Down On Economic Data
• Oil Technical Analysis For August 31, 2011
• Natural Gas Technical Analysis For August 31, 2011
• Gold Technical Analysis For August 31, 2011
• Natural Gas Daily Fundamental Analysis For August 31, 2011
• Gold Daily Fundamental Analysis For August 31, 2011
• Crude Oil Daily Fundamental Analysis For August 31, 2011

Forex – Euro Erases Losses Against Broadly Weaker Pound Posted: 31 Aug 2011 03:11 AM PDT Forexpros – The euro erased losses against the pound on Wednesday, clawing back up from a daily low as the pound weakened on the view that the Bank of England is likely to leave interest rates on hold until well into next year. EUR/GBP pulled back from 0.8842, the daily low, to hit 0.8865 during European morning trade, easing up 0.06%. The pair was likely to find support at 0.8814, Tuesday's low and a three-day low and short-term resistance at 0.8885, the high of August 10. A report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Rally On Fed Easing Hopes; DAX Jumps 1.3% Posted: 31 Aug 2011 02:25 AM PDT Forexpros – European stock markets were broadly higher on Wednesday, after the minutes of the Federal Reserve’s August meeting added to expectations for more stimulus by the central bank, while upbeat corporate earnings reports also helped lift sentiment. During European morning trade, the EURO STOXX 50 rose 1.25% France's CAC 40 rallied 1.45%, while Germany's DAX 30 jumped 1.3%. European equities added to gains after a German government spokesman said that the German cabinet has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Unemployment Rate Unchanged In July Posted: 31 Aug 2011 02:10 AM PDT Forexpros – The euro zone's unemployment rate remained unchanged in July, holding steady for the fifth consecutive month, official data showed on Wednesday. In a report, Eurostat said that the euro zone's unemployment rate was unchanged at 10.0% in July, disappointing expectations for a decline to 9.9%. June's figure was revised up to 10.0% from a previously reported 9.9%. According to the data, the number of unemployed people in the euro zone was 22.71 million in July, of whom 15.75 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Flash CPI Holds Steady In August Posted: 31 Aug 2011 02:04 AM PDT Forexpros – Consumer price inflation in the euro zone held steady in August, preliminary data showed on Wednesday. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.5% in August, unchanged from the previous month and broadly in line with market expectations. The rate remains above the European Central Bank’s target of near but just below 2%. Following the release of the data, the euro was fractionally lower against the U.S. dollar, with EUR/USD dipping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone Unemployment Slight Rise, Year Over Year CPI Stays The Same Posted: 31 Aug 2011 02:02 AM PDT EUR Unemployment:  Survey:  9.9%   Actual: 10.0%    Prior:  9.9%   Revised: 10.0% July vs June 2011 (Measured in %)Belgium: 17.6 vs 18.1 Bulgaria: 27.0 vs 27.2 Czech Republic: 16.2 vs 16.7 Denmark: n/a vs 13.7 Germany: 9.5 vs 9.4 Estonia: n/a vs 21.8 Ireland: 28.3 vs 28.0 Greece: n/a vs n/a Spain: 46.2 vs 45.7 France: 23.4 vs 23.1 Italy: 27.6 vs 27.9 Cyprus: n/a vs 19.6 Latvia: n/a vs n/a Lithuania: n/a vs 33.1 Luxembourg: 13.3 vs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Lower Vs. Rivals Amid Fed Stimulus Speculation Posted: 31 Aug 2011 01:54 AM PDT Forexpros – The U.S. dollar edged lower against most of its major counterparts on Wednesday, as the minutes of the Federal Reserve's August policy setting meeting added to speculation that the central bank will soon act to prop up shaky U.S. growth. During European morning trade, the greenback was almost unchanged against the euro, with EUR/USD dipping 0.01% to hit 1.4438. The minutes of the Fed's August policy-setting meeting, released Tuesday, showed that some policymakers pushed for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound Edges Higher As Dollar Hit By Fed Speculation Posted: 31 Aug 2011 01:09 AM PDT Forexpros – The pound edged higher against the U.S. dollar on Wednesday, as the dollar was weighed by mounting speculation that the Federal Reserve may soon implement fresh stimulus measures to boost U.S. growth. GBP/USD hit 1.6330 during early European trade, the daily high; the pair subsequently consolidated at 1.6316, inching up 0.09%. Cable was likely to find support at 1.6211, the low of August 26 and a two-week low and resistance at 1.6422, Tuesday's high. The minutes of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone Unemployment & CPI Data Due At 5AM Posted: 31 Aug 2011 01:08 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Unemployment Change Declines Less-than-expected Posted: 31 Aug 2011 01:03 AM PDT Forexpros – The number of unemployed people in Germany declined less-than-expected in August, official data showed on Wednesday. In a report, Germany’s Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 8K in August, disappointing expectations for a decline of 10K. The previous month's figure was revised down to a drop of 10K from a previously reported 11K. The report showed that Germany's unemployment rate held steady at 7.0% in August, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Hovers Close 4-week High Ahead Of Supply Data Posted: 31 Aug 2011 12:59 AM PDT Forexpros – Crude oil futures fluctuated between small gains and losses on Wednesday, but remained supported close to a four-week high after industry data painted a mixed picture of U.S. energy demand, while expectation for additional stimulus measures from the Federal Reserve underpinned demand for commodities. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD88.73 a barrel during European morning trade, edging 0.08% lower. The crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Slides On Fed Easing Expectations Posted: 31 Aug 2011 12:38 AM PDT Forexpros – The U.S. dollar slid lower against the yen on Wednesday, after the minutes of the Federal Reserve’s August meeting added to expectations for more stimulus by the central bank, while month end yen buying by Japanese exporters lifted the currency. USD/JPY hit 76.54 during late Asian trade, the daily low; the pair subsequently consolidated at 76.56, shedding 0.21%. The pair was likely to find support at 76.29, the low of August 11 and resistance at 77.20, the high of August … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/$ Testing Hourly Support Posted: 31 Aug 2011 12:37 AM PDT The pair has been receiving support from the 200 hour moving average for most of the trading day; currently testing it at 1.44221 with additional support added at this level by the 23.6% retracement level. A close below this level could be a bearish signal for the pair in which case we look to 1.43839 as the next downside target. If support holds, we look higher to the 39.2% which has show resistance in recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Trades In Tight Range Supported By Fed Stimulus Expectations Posted: 31 Aug 2011 12:26 AM PDT Forexpros – Gold futures traded in a tight range on Wednesday, fluctuating between small gains and losses as the previous day's rally prompted some investors to cash out of the market to lock in gains. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,834.45 a troy ounce during late Asian trade, easing down 0.2%. The gold contract traded between a range of USD1,826.65, the daily low and USD1,837.75, the daily high. Gold prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil, Gold Look To Take Cues From US ADP Data And Lockhart Posted: 31 Aug 2011 12:20 AM PDT Talking Points Crude Oil to Follow S&P 500 as Markets Focus on US ADP Jobs Report Gold Shifting Gears to Move with Risky Assets Amid Fed Stimulus Hopes WTI Crude Oil (NY Close): $88.90 // +1.63 // +1.87% Oil prices shrugged off a dramatic drop in US consumer confidence as well as the largest weekly increase in crude inventories in five months (per preliminary API figures) after the Federal Reserve published minutes from Augusts' FOMC meeting, which the market interpreted as raising the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Edges Higher Amid Fed Easing Speculation Posted: 31 Aug 2011 12:10 AM PDT Forexpros – The Australian dollar edged higher against its U.S. counterpart on Wednesday, amid mounting speculation that the Federal Reserve will soon act to stimulate growth in the faltering U.S. economy. AUD/USD hit 1.0701 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0691, gaining 0.07%. The pair was likely to find support at 1.0558, Monday's low and resistance at 1.0778, the high of August 4. The minutes of the Fed's August policy-setting meeting, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD At 1-month High On Fed Stimulus Expectations Posted: 30 Aug 2011 11:55 PM PDT Forexpros – The New Zealand dollar was trading at a one-month high against its U.S. counterpart on Wednesday, boosted by growing expectations that the Federal Reserve will implement fresh stimulus measures to shore up U.S. growth. NZD/USD hit 0.8557 during late Asian trade, the pair's highest since August 4; the pair subsequently consolidated at 0.8548, gaining 0.22%. The pair was likely to find support at 0.8457, Tuesday's low and resistance at 0.8667, the high of August 4. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Would You Buy This Stock? Posted: 30 Aug 2011 11:54 PM PDT Some stocks are true wealth builders. In truth you only really know if the stock is true wealth builder when there is a 5% to 15% sell off. When this happens it is your chance to see the buying frenzy, once you see that you know the stock float is in demand. Question is, now that we have just had a pullback of 16% in stock market, would you buy this stock ?? When a stock behaves like this below, any system works, I am mean anything you can dream up. When in fact the only system you need is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Gain Amid U.S. Easing Speculation; Nikkei Flat Posted: 30 Aug 2011 11:45 PM PDT Forexpros – Asian stock markets advanced on Wednesday, as speculation the Federal Reserve will introduce further easing measures to prop up the U.S. economy underpinned demand for equities. During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.9%, Australia's ASX/200 Index rose 0.45%, while Japan's Nikkei 225 Index eased up 0.01%. Minutes of the Federal Reserve's August policy setting meeting revealed that some Fed policy makers favored more aggressive action to stimulate the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Unchanged Against Dollar As EZ Debt Fears Weigh Posted: 30 Aug 2011 11:29 PM PDT Forexpros – The euro was almost unchanged against the U.S. dollar on Wednesday, as fresh concerns over the sovereign debt crisis in the euro zone weighed, while the dollar was hit by expectations for further stimulus after the minutes of the Federal Reserve's August meeting. EUR/USD hit 1.4448 during late Asian trade, the daily high; the pair subsequently consolidated at 1.4444, easing up 0.03%. The pair was likely to find support at 1.4330, the low of August 26 and resistance at 1.4532, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Retail Sales Flat In July Posted: 30 Aug 2011 11:18 PM PDT Forexpros – Retail sales in Germany were flat in July, official data showed on Wednesday. In a report, Germany's Statistics Office said retail sales posted a flat reading in July, confounding expectations for a 1.5% decline. The previous month's figure was revised down to a 4.5% gain from a previously reported 6.3% gain. The data showed that German retail sales fell at annualized rate of 1.6% in July, after dropping 2.1% in June, worse than expectations for a 0.8% decline. Following … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Linear Technology (LLTC) Posted: 30 Aug 2011 11:05 PM PDT Linear Technology Corp. (NASDAQ:LLTC) is a leading OEM of analog and mixed signal semiconductors. The Japan crisis, continued lack of consumer confidence and credit-related crisis in the Americas and Europe led to a disappointing guidance. Therefore, we advise investors to avoid the shares, since we believe there is uncertainty in near-term demand. This, along with the company’s debt burden, will continue to weigh on sentiments. We therefore reiterate our Underperform rating on LLTC shares. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: PetSmart, Inc. Posted: 30 Aug 2011 11:05 PM PDT Management at PetSmart, Inc. (NASDAQ:PETM) recently raised its EPS guidance for 2011 following better-than-expected second results. Earnings per share came in 6% above the Zacks Consensus Estimate as same-store sales rose a solid 5.0%. Analysts have been raising their estimates off of the strong quarter, sending the stock to a Zacks #2 Rank (Buy). Based on consensus estimates, analysts are projecting 22% EPS growth this year and 15% growth next year. In addition to this growth, the company pays a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Miller Industries, Inc. Posted: 30 Aug 2011 11:05 PM PDT Miller Industries, Inc. (NYSE:MLR) has seen big gains over the last two weeks, hitting a fresh 52-week high after reporting strong Q2 results that came in ahead of expectations. With an average earnings surprise of 51% over the last four quarters, this Zacks #1 Rank stock is a solid industrial pick for momentum. Company Description Miller Industries, Inc. manufactures and sells vehicle towing and recovery equipment in North America and internationally. The company was founded in 1994 and has a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Navigant Consulting, Inc. (NCI) Posted: 30 Aug 2011 11:05 PM PDT Navigant Consulting Inc. (NYSE:NCI) topped both earnings and revenues in its second-quarter 2011 results. Its utilization rate improved substantially. Navigant’s restructuring activities, construction dispute practice and economics consulting services delivered well in the second quarter. Moreover, the number of active engagements also remained steady. The integration of Ethos Partners in the Healthcare segment also augurs well for the company. Although a huge debt obligation against limited cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: China XD Plastics Posted: 30 Aug 2011 11:05 PM PDT China XD Plastics Company (CXDC) is up sharply after a record-setting quarter. Shares are priced at a deep discount though, thanks to several controversies surrounding reverse mergers. But, if you are looking to take a risk, this stock offers an excellent potential reward. Company Description China XD Plastics Company makes plastic parts primarily for the auto market. The products are used in over 70 brands including Audi, BMW, Buick and Toyota. Great Quarter On Aug 15 the company said that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 30 Aug 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.4428, down 0.10% at time of writing. The pair was likely to find support at 1.4329, Friday's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8850 and EUR/JPY falling 0.33% 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: 30 Aug 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.6314, up 0.08% at time of writing. The pair was likely to find support at 1.6209, Friday's low, and resistance at 1.6454, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8847 and GBP/JPY falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Anticipating Resistance For The GBP/USD At The 1.6350-1.6380 Zone Posted: 30 Aug 2011 10:23 PM PDT Prev: GBP/USD's Pullback Rejected at 1.6450; Confirms Bearish Intent (8/30) GBP/USD After a critical rejection from pushing above 1.6450, the GBP/USD slid to 1.6255. Now is has found its way back above 1.63, near 38.2% retracement Looking at the 1H chart, we can see how quiet this rally is. You also see the RSI has been spending most of the time below 40, and was pushed below 30 several times, strong showing of bearish momentum in the time-frame with 1H candles. The 1.6350 is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours Posted: 30 Aug 2011 09:55 PM PDT Forexpros – The Euro was lower against the Swiss Franc on Wednesday. EUR/CHF was trading at 1.1804, down 0.34% at time of writing. The pair was likely to find support at 1.1397, Friday's low, and resistance at 1.1973, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.05% to hit 1.4435 and EUR/JPY falling 0.27% 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: 30 Aug 2011 09:25 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday. USD/CHF was trading at 0.8190, down 0.13% at time of writing. The pair was likely to find support at 0.7893, Friday's low, and resistance at 0.8241, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.08% to hit 1.4431 and USD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session Posted: 30 Aug 2011 09:00 PM PDT Forexpros – The Euro was lower against the British Pound on Wednesday. EUR/GBP was trading at 0.8849, down 0.12% at time of writing. The pair was likely to find support at 0.8816, Tuesday's low, and resistance at 0.8880, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.4437 and EUR/JPY falling 0.23% 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: 30 Aug 2011 08:35 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. USD/JPY was trading at 76.59, down 0.20% at time of writing. The pair was likely to find support at 76.50, Friday's low, and resistance at 77.46, Friday's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 3.8% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 30 Aug 2011 08:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday. USD/CAD was trading at 0.9791, up 0.09% at time of writing. The pair was likely to find support at 0.9741, Monday's low, and resistance at 0.9924, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.07% to hit 1.4432 and GBP/USD rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Obama’s Chief Econ. Adviser Once Made An Amazing Discovery: Demand Curves Slope Upward Posted: 30 Aug 2011 07:48 PM PDT In a paper published in the American Economic Review in 1994, economists David Card and Alan Krueger (appointed today to chair Obama’s Council of Economic Advisers) made an amazing economic discovery: Demand curves for unskilled workers actually slope upward! Here’s a summary of their findings (emphasis added): “On April 1, 1992 New Jersey’s minimum wage increased from $4.25 to $5.05 per hour. To evaluate the impact of the law we surveyed 410 fast food restaurants in New Jersey and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 30 Aug 2011 07:05 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.4426, down 0.11% at time of writing. The pair was likely to find support at 1.4329, Friday's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8846 and EUR/JPY falling 0.25% 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: 30 Aug 2011 06:35 PM PDT Forexpros – The Euro was lower against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. EUR/JPY was trading at 110.54, down 0.26% at time of writing. The pair was likely to find support at 110.12, Friday's low, and resistance at 111.94, Monday's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 3.8% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Energy Development Corporation (EDC) To Regain Its Poise Posted: 30 Aug 2011 06:28 PM PDT EDC has been on the wrong side of things for the last couple weeks as it slip sharply from Php 6.80 to as low as  Php 5.75. However, it seems that it is also poised to at least regain some of its losses and resume its long term up move. As you can see from its weekly chart covering the last 5 years, you will notice that it has just rallied off its long term uptrend. What I want to highlight, though, is the bullish engulfing candle that overshadows its previous monthly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down During The Asian Session Posted: 30 Aug 2011 05:45 PM PDT Forexpros – The British Pound was lower against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. GBP/JPY was trading at 125.06, down 0.02% at time of writing. The pair was likely to find support at 124.51, Friday's low, and resistance at 126.58, Monday's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 3.8% in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan’s Industrial Production Rises Less-than-expected Posted: 30 Aug 2011 05:20 PM PDT Forexpros – Industrial production in Japan rose less-than-expected last month, preliminary data showed on Tuesday. In a report, the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 0.6%, from 3.8% in the preceding month. Analysts had expected industrial production to rise 1.6% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down On Economic Data Posted: 30 Aug 2011 05:20 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production. USD/JPY was trading at 76.68, down 0.08% at time of writing. The pair was likely to find support at 76.50, Friday's low, and resistance at 77.46, Friday's high. Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 3.8% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For August 31, 2011 Posted: 30 Aug 2011 09:56 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract broke directly to the recent highs on Tuesday as traders continue to buy this contract from the recent bottoms. The $90 mark still looms just above, but it looks increasingly likely that the area will give way. The lows are getting higher and higher, and this shows a market that is building pressure to the upside. There are many reasons, perhaps supply…perhaps the anticipated Federal Reserve's new programs to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For August 31, 2011 Posted: 30 Aug 2011 09:54 AM PDT By CommoditiesMansion.com   Natural gas markets are starting to put up a fight just below the $4 mark, although we have certainly seen the major support area give way. The Tuesday candle formed a bit of a hammer, and it appears that the bullish traders aren't quite ready to throw in the towel just yet. However, arguing with the trend only leads to losses, and as such – we are waiting for a bounce from which to sell at this point. Certainly selling is the only direction to consider … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For August 31, 2011 Posted: 30 Aug 2011 09:53 AM PDT By CommoditiesMansion.com   There are many people that say gold is in a bubble, but the trading action on Tuesday did little to prove that case. The recent hammer last week turned out to be another buying opportunity, and it appears that the Monday pullback was seen as just that – a pullback. The Tuesday session saw another strong showing in the market, and we like to buy pullbacks at this point. We won't sell gold at all, as the trend is simply too strong. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For August 31, 2011 Posted: 30 Aug 2011 02:21 AM PDT By CommoditiesMansion.com Natural gas prices rose on Tuesday after forecasters signaled that Tropical Storm Katia could approach the Gulf of Mexico, which might affect supply from refineries, where the National Hurricane Center signaled Katia may be near hurricane intensity, and accordingly, natural gas prices rose on supply fears. Traders will continue to examine the Tropical Storm Katia, and whether it will affect supply from the Gulf of Mexico, since if that proves to be the case, we should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For August 31, 2011 Posted: 30 Aug 2011 02:21 AM PDT By CommoditiesMansion.com Gold prices rebounded to the upside on Tuesday, as pessimism dominated markets over the outlook for global growth after worse than expected data from all around the globe, especially consumer confidence in the United States after it fell sharply in August, which boosted demand for lower yielding and safe assets, providing gold prices accordingly with bullish momentum. Traders will be eyeing key data on Wednesday, especially the ADP employment report, which could … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For August 31, 2011 Posted: 30 Aug 2011 02:20 AM PDT By CommoditiesMansion.com Crude oil prices fell on Tuesday, as pessimism dominated markets over the outlook for global growth after worse than expected data from all around the globe, especially consumer confidence in the United States after it fell sharply in August, which weighed down on demand for higher yielding assets, pushing crude oil prices to drop. Traders will be eyeing key data on Wednesday, especially the ADP employment report, which could provide some hints ahead of Friday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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