DailyMarkets.com - Forex – EUR/USD Hits 8-day Low As Euro Zone Debt Fears Weigh

---

• Forex – EUR/USD Hits 8-day Low As Euro Zone Debt Fears Weigh
• Forex – EUR/GBP Hits 2-month Low Amid Euro Zone Debt Fears
• Forex – USD/CHF Tests Record Low Amid Global Growth Fears
• European Stocks Decline On U.S. Recovery Fears; DAX Sheds 0.6%
• Euro Zone PPI Unexpectedly Flat In June
• Forex Trading: Eurozone PPI (June) 0.0%; Worse Than The 0.1% Survey.
• Crude Oil Hovers Close To 5-week Low On U.S. Demand Concerns
• Does Rent Paid In Cash Count As A Trade Line In Raleigh?
• U.K. Construction PMI Down Less-than-expected
• Forex – Dollar Mixed Vs. Rivals As Safe Havens In Demand
• Forex – GBP/USD Down On Weak U.S. Data, Debt Ceiling Vote
• Forex Trading: Euro Rebounding Modestly After Selling Through Most Of The Session
• Forex – USD/JPY Nears Record Low Amid Speculation Over BoJ Move
• Swiss SVME PMI Rises Unexpectedly In June
• Gold Futures Advance On U.S. Outlook, Debt Downgrade Fears
• Swiss Retail Sales Surge In June
• Forex – NZD/USD Slips To Daily Low As Risk Appetite Falters
• Forex – AUD/USD Hits 1-week Low After RBA Holds Rate Steady
• Asia Stocks Slump On U.S. Economic Outlook; Nikkei Drops 1.2%
• RBA Holds Cash Rate At 4.75%
• Forex – EUR/USD Edges Lower As Market Sentiment Weakens
• Reserve Bank Of Australia Leaves Interest Rate Unchanged
• Australia Building Approvals Decline Unexpectedly In June
• Bull Of The Day: Dillard's, Inc. (DDS)
• Momentum Stock: Domino's Pizza, Inc.
• Bear Of The Day: Montpelier Re Holdings (MRH)
• Aggressive Growth Stock: Hexcel Corp
• Growth & Income Stock: Mead Johnson Nutrition Company
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• AUD/USD Testing 200-Hourly EMA After Dovish Sounding RBA Rate Statment
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• Breaking Down The Details Of The US Debt Deal
• The Jobless Recovery And The Education Gap
• Gold Futures Edge Higher In Asian Trade
• Forex – USD/JPY Gains On Debt Bill Vote
• Asian Stocks Fall On U.S. Demand Concerns
• Forex – AUD/USD Up On Economic Data
• Australian HPI Falls Less-than-expected
• Safeway To Open 100 Retail Clinics In California
• Elliott Wave Perspective Of The AUD/NZD Ahead Of The RBA Interest Rate Statement
• Crude Oil Futures Surrender Highs In Asian Trade
• Oil Technical Analysis August 2, 2011
• Natural Gas Technical Analysis August 2, 2011
• Gold Technical Analysis August 2, 2011

Forex – EUR/USD Hits 8-day Low As Euro Zone Debt Fears Weigh Posted: 02 Aug 2011 03:09 AM PDT Forexpros – The euro extended losses against the U.S. dollar on Tuesday, falling to an eight-day low amid renewed worries over the debt crisis in the euro zone and concerns over the global economic recovery, while a deal to raise the U.S. debt ceiling boosted the dollar.<br /><br />EUR/USD hit 1.4159 during European late morning trade, the pair&rsquo;s lowest since July 21; the pair subsequently consolidated at 1.4191, shedding 0.40%.<br /><br />&nbsp;The pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Hits 2-month Low Amid Euro Zone Debt Fears Posted: 02 Aug 2011 02:50 AM PDT Forexpros – The euro tumbled to a two-month low against the pound on Tuesday, as fresh concerns over sovereign debt contagion in the euro zone weighed, while better-than-expected U.K. construction data supported the pound.<br /><br />EUR/GBP hit 0.8700 during European morning trade, the pair&rsquo;s lowest since May 31; the pair subsequently consolidated at 0.8709, shedding 0.38%.<br /><br />The pair was likely to find support at 0.8665, the low of May 31 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Tests Record Low Amid Global Growth Fears Posted: 02 Aug 2011 02:35 AM PDT Forexpros – The U.S. dollar was hovering close to a record low against the Swiss franc on Tuesday, as fears over a slowdown in global economic growth and renewed concerns over the sovereign debt crisis in the euro zone supported safe haven demand.<br /><br />USD/CHF hit 0.7760 during European morning trade, the daily low; the pair subsequently consolidated at 0.7802, shedding 0.41%.<br /><br />The pair was likely to find short-term support at 0.7728, Monday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Decline On U.S. Recovery Fears; DAX Sheds 0.6% Posted: 02 Aug 2011 02:16 AM PDT Forexpros – European stock markets were broadly lower on Tuesday, falling to a nine-month low amid concerns the U.S. economic recovery was faltering, while BNP Paribas shares dropped following disappointing earnings.<br /><br />During European morning trade, the EURO STOXX 50 fell 0.5%, France&rsquo;s CAC 40 shed 0.45%, while Germany&rsquo;s DAX 30 retreated 0.6%.&nbsp; <br /><br />A report on Monday showed that the U.S. Institute for Supply Management’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone PPI Unexpectedly Flat In June Posted: 02 Aug 2011 02:05 AM PDT Forexpros – Producer price inflation in the euro zone was unexpectedly flat in June, official data showed on Tuesday. <br /><br />In a report, Eurostat said that its producer price index was flat in June, after falling by 0.2% in May. <br /><br />Analysts had expected the producer price index to ease up 0.1% in June. <br /><br />Year-over-year, the index rose at an annualized rate of 5.9% in June, broadly in line with market expectations, after rising at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone PPI (June) 0.0%; Worse Than The 0.1% Survey. Posted: 02 Aug 2011 02:01 AM PDT EUR slightly softer on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Hovers Close To 5-week Low On U.S. Demand Concerns Posted: 02 Aug 2011 01:59 AM PDT Forexpros – Crude oil futures were down for a third day on Tuesday, hovering close to a five-week low as downbeat U.S. manufacturing data added to mounting concerns over the demand outlook of the world&rsquo;s largest oil consumer.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD93.99 a barrel during European morning trade, dropping 1.3%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Does Rent Paid In Cash Count As A Trade Line In Raleigh? Posted: 02 Aug 2011 01:52 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Construction PMI Down Less-than-expected Posted: 02 Aug 2011 01:36 AM PDT Forexpros – Britain’s construction sector activity weakened less-than-expected in July, industry data showed on Tuesday.<br /><br />In a report, market research firm Markit and the Chartered Institute of Purchasing &amp; Supply said that their U.K. construction purchasing managers’ index eased down to a seasonally adjusted 53.5 in July from June&rsquo;s reading of 53.6. <br /><br />Economists had expected the index to decline to 53.1 in July.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals As Safe Havens In Demand Posted: 02 Aug 2011 01:35 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Tuesday, supported by increased safe haven demand, while the yen and the Swiss franc tested record highs, fanning speculation that Japan&rsquo;s government would intervene in currency markets to weaken the yen.<br /><br />During European morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.31% to hit 1.4206.<br /><br />On Monday, the House of Representatives … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down On Weak U.S. Data, Debt Ceiling Vote Posted: 02 Aug 2011 01:19 AM PDT Forexpros – The pound was down against the U.S. dollar on Tuesday, after the House of Representatives voted to raise the U.S. debt ceiling, while weak U.S. manufacturing data supported safe haven demand.<br /><br />GBP/USD hit 1.6263 during early European trade, the daily low; the pair subsequently consolidated at 1.6287, slipping 0.04%.<br /><br />Cable was likely to find short-term support at 1.6236, Monday&rsquo;s low and a seven-day low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Rebounding Modestly After Selling Through Most Of The Session Posted: 02 Aug 2011 01:01 AM PDT After receeding against the USD following news that an agreement has finally been reached over the US debt ceiling, the EUR/USD rebounded trading back up until finding resistance from the 38.2% retracement line on the move from yesterday's high to low. Since then, the pair has retreated over fears of a double-dop downturn on Italy. After making a fresh low of 1.41572 we are back re-testing the lows around 1.41838; if support holds we look back to 1.42174 (an old low). From a daily perspective … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Nears Record Low Amid Speculation Over BoJ Move Posted: 02 Aug 2011 12:38 AM PDT Forexpros – The U.S. dollar pared gains against the yen on Tuesday, to trade within striking distance of the pair&rsquo;s all-time low, prompting warnings from Japanese officials about possible intervention to curb the yen&rsquo;s gains.<br /><br />USD/JPY pulled away from 77.82, the daily high, to hit 77.22 during late Asian trade, up just 0.02% over the day.<br /><br />The pair was likely to find support at 76.12, the low of March 16 and the pair&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss SVME PMI Rises Unexpectedly In June Posted: 02 Aug 2011 12:38 AM PDT Forexpros – Manufacturing activity in Switzerland rose unexpectedly in June, industry data showed on Tuesday.<br /><br />In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers&rsquo; index eased up to a seasonally adjusted 53.5 in June from 53.4 in May.&nbsp;&nbsp; <br /><br />Analysts had expected the index to decline to 52.5 in June.<br /><br />On the index, a reading above 50.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Advance On U.S. Outlook, Debt Downgrade Fears Posted: 02 Aug 2011 12:33 AM PDT Forexpros – Gold futures edged higher on Tuesday, hovering close to the record high amid fears the U.S. economic recovery was faltering, while worries about a downgrade of the U.S. sovereign debt rating underlined the safe haven appeal of the precious metal.<br />&nbsp;<br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,626.55 a troy ounce during late Asian trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Retail Sales Surge In June Posted: 02 Aug 2011 12:19 AM PDT Forexpros – Retail sales in Switzerland rose significantly more-than-expected in June, official data showed on Tuesday. <br /><br />In a report, Switzerland&rsquo;s Federal Statistical Office said that retail sales rose at an annualized rate of 7.4% in June, blowing past expectations for a 1.6% gain.<br /><br />May&rsquo;s figure was revised to a decline of 3.9% from a previously reported 4.1% drop.<br /><br />The previous month&rsquo;s figure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Slips To Daily Low As Risk Appetite Falters Posted: 02 Aug 2011 12:10 AM PDT Forexpros – The New Zealand dollar slipped to a daily low against its U.S. counterpart on Tuesday, as disappointing U.S. manufacturing data added to concerns over the global economic outlook, curbing demand for higher yielding assets.<br /><br />NZD/USD hit 0.8740 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8745, shedding 0.22%.<br /><br />The pair was likely to find support at 0.8621, Friday&rsquo;s low and resistance at 0.8841, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 1-week Low After RBA Holds Rate Steady Posted: 01 Aug 2011 11:55 PM PDT Forexpros – The Australian dollar fell to a one-week low against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia kept the benchmark interest rate unchanged, due to &ldquo;uncertainty&rdquo; over the global economic outlook.<br /><br />AUD/USD hit 1.0888 during late Asian trade, the pair&rsquo;s lowest since July 26; the pair subsequently consolidated at 1.0891, tumbling 0.72%.<br /><br />The pair was likely to find support at 1.0794, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Slump On U.S. Economic Outlook; Nikkei Drops 1.2% Posted: 01 Aug 2011 11:48 PM PDT Forexpros – Asian stock markets were broadly lower on Tuesday, as fears the U.S. economic recovery was faltering overshadowed optimism over a deal to raise the U.S. debt ceiling. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index fell 0.6%, Australia&rsquo;s ASX/200 Index tumbled 1.35%, while Japan&rsquo;s Nikkei 225 Index retreated 1.2%.&nbsp;&nbsp;&nbsp; <br /><br />The U.S. House of Representatives passed a bill to raise the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RBA Holds Cash Rate At 4.75% Posted: 01 Aug 2011 11:36 PM PDT The Reserve Bank of Australia (RBA) held its benchmark monetary policy rate steady at 4.75%.  The RBA said: “Year-ended CPI inflation has been high, affected by the extreme weather events earlier in the year.  As these effects reverse over the next couple of quarters, CPI inflation should decline. But measures that give a better indication of the trend in inflation have begun to rise over the past six months, after declining for the previous two years.”  The Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Edges Lower As Market Sentiment Weakens Posted: 01 Aug 2011 11:31 PM PDT Forexpros – The euro edged lower against the U.S. dollar on Tuesday, as weak U.S. manufacturing data weighed on risk appetite even while a deal to raise the U.S. debt ceiling and avert a default looked set to pass the Senate.<br /><br />EUR/USD hit 1.4224 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4237, easing down 0.09%.<br /><br />The pair was likely to find support at 1.4138, the low of July 20 and resistance at 1.4412, the high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reserve Bank Of Australia Leaves Interest Rate Unchanged Posted: 01 Aug 2011 11:18 PM PDT Forexpros – The Reserve Bank of Australia kept its benchmark interest rate unchanged for the eighth straight meeting in August, 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 it judged it was prudent to maintain the current setting of monetary policy, &ldquo;particularly in view of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australia Building Approvals Decline Unexpectedly In June Posted: 01 Aug 2011 11:12 PM PDT Forexpros – The number of new building approvals issued in Australia fell unexpectedly in June, official data showed on Tuesday.<br /><br />In a report, the Australian Bureau of Statistics said new building approvals issued fell by a seasonally adjusted 3.5% in June, confounding expectations for a gain of 3.0%.<br /><br />May&rsquo;s figure was revised to a drop of 6.3% from a previously reported decline of 7.9%.<br /><br />Year-on-year, the number of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Dillard's, Inc. (DDS) Posted: 01 Aug 2011 11:05 PM PDT Dillard’s, Inc. (NYSE:DDS) first-quarter 2011 earnings of $1.27 per share beat the Zacks Consensus Estimate of $0.91 and surged approximately 84% from the prior-year quarter on the heels of strong comparable store sales growth coupled with efficient inventory management. Management is also undertaking restructuring initiatives and inventory reduction efforts to save costs and boost profitability. Moreover, in order to enhance its liquidity position and manage risks more efficiently, Dillard’s has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Domino's Pizza, Inc. Posted: 01 Aug 2011 11:05 PM PDT Domino’s Pizza, Inc. (NYSE:DPZ) is one hot restaurant stock. This Zacks #1 Rank (strong buy) recently hit a 3-year high after it surprised on the Zacks Consensus Estimate for the 11th consecutive time. Domino’s Pizza is a global pizza empire, operating 9,436 franchised and company-owned stores in the United States and 70 international markets. More than 50% of its sales now come from the international markets. Domino’s Beat By 11% in the Second Quarter Domino’s reported its second quarter results … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Montpelier Re Holdings (MRH) Posted: 01 Aug 2011 11:05 PM PDT Montpelier Re Holdings (NYSE:MRH) reported second quarter operating earnings much lower than the Zacks Consensus Estimate. The quarter suffered largely due to catastrophe losses resulting from tornado activity in the United States in April and May, lower investment income and higher operating expenses. The current pricing environment in the primary insurance market and the stressed economy are expected to restrict top-line growth. Additionally, there exists execution risk with the newer platforms, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Hexcel Corp Posted: 01 Aug 2011 11:05 PM PDT Hexcel Corp (NYSE:HXL) is coming off of yet another strong quarter. Earnings were higher than expected and resulted in the company raising its full-year outlook. Shares are a Zacks #1 Rank (Strong Buy) and the recent market turmoil has left a very nice buying opportunity. Company Description Hexcel Corp makes composites for lightweight, high-performance structural materials. Their products are used in for aerospace and industrials applications. Another Strong Quarter Hexcel reported second-quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Mead Johnson Nutrition Company Posted: 01 Aug 2011 11:05 PM PDT Mead Johnson Nutrition Company (MJN) continues to benefit from growth in the emerging markets of Asia and Latin America, but growth has also been strong at home in the U.S. The company recently reported better than expected results for the second quarter of 2011, driven by a 30% increase in sales in Asia and Latin America and a 10% increase in the U.S. and Europe. Management also raised its guidance for full year 2011, prompting analysts to revise their estimates higher. MJN is a Zacks #2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 01 Aug 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4245, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4186, Monday&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8728 and EUR/JPY rising 0.21% 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: 01 Aug 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6315, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.6238, Monday&rsquo;s low, and resistance at 1.6476, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8726 and GBP/JPY rising 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Testing 200-Hourly EMA After Dovish Sounding RBA Rate Statment Posted: 01 Aug 2011 09:57 PM PDT Fundamental Release: AUS RBA Interest Rate Decision Result: Bank holds rates at 4.5% Key Highlights: Downside risks have increased, however, as concerns have grown over the outlook for the public finances of both Europe and the United States. But in other sectors, cautious behaviour by households and the high level of the exchange rate are having a noticeable dampening effect. Precautionary behaviour by households also looks likely to keep some areas of demand weaker in the near term than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours Posted: 01 Aug 2011 09:55 PM PDT Forexpros – The Euro was lower against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.1142, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.1032, Monday&rsquo;s low, and resistance at 1.1536, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.4255 and EUR/JPY rising 0.36% 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: 01 Aug 2011 09:25 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.7826, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.7734, Monday&rsquo;s low, and resistance at 0.8047, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.05% to hit 1.4257 and USD/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Breaking Down The Details Of The US Debt Deal Posted: 01 Aug 2011 09:09 PM PDT House Passes "The Deal" The House of Representative has passed the debt ceiling-deficit reduction bill that was formulated over the weekend by a vote of 269 aye to 161 nay. On the GOP side, it was 174 aye to 66 nay, with the "no" votes coming from the tea party caucus. Dems voted 95 in favor and 95 against with 3 dems not voting. (Gabby Giffords, the Arizona congresswoman shot in the head last year cast her first vote since the shooting – a yes vote). A vote in the Senate will come … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Jobless Recovery And The Education Gap Posted: 01 Aug 2011 09:01 PM PDT The charts above show the differences in: a) monthly employment levels and b) monthly unemployment rates between 1992 and 2011 for: a) college graduates and b) workers with less than a high school degree.  The differences are quite striking and interesting, and might help explain some of the labor market dynamics in the current “jobless recovery.”   Note that the employment level for college graduates flattened during the 2008-2009 recession, but is now at a record high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Edge Higher In Asian Trade Posted: 01 Aug 2011 08:21 PM PDT Forexpros – Gold futures bounced back from a two-day low Monday, as the U.S. manufacturing sector showed sluggish growth and the House of Representatives approved a measure to raise the U.S. debt ceiling.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,621.95 a troy ounce during Asian mid-day trade, moving 0.03% higher.&nbsp;&nbsp;&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Gains On Debt Bill Vote Posted: 01 Aug 2011 07:55 PM PDT Forexpros – The Japanese yen reversed gains against the U.S. dollar in Asian trade Monday, as the House of Representatives approved a measure to raise the U.S. debt ceiling limit just one day before the deadline. <br /><br />In mid-day Asian trade USD/JPY hit 77.78, the pair&rsquo;s highest since Monday; the pair subsequently consolidated at 77.42, rising 0.27%. &nbsp;<br /><br />The pair was likely to find support at 77.03, Monday&rsquo;s low, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Stocks Fall On U.S. Demand Concerns Posted: 01 Aug 2011 07:10 PM PDT Forexpros – Asian stocks moved lower in early trade Tuesday, as U.S. manufacturing data signaled slow growth in the world&rsquo;s largest economy and the strengthening yen dampened enthusiasm for export shares in Tokyo.<br /><br />During early Asian trade, Hong Kong&rsquo;s Hang Seng Index fell 0.52% to 22,549, Japan&rsquo;s Nikkei 225 Index gave up 1.14% to 9,848.88, Australia&rsquo;s S&amp;P/ASX 200declined 0.73% to 4,464.70, and South Korea&rsquo;s Kospi … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up On Economic Data Posted: 01 Aug 2011 06:55 PM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of Australian data on House Price Index.<br/><br/> AUD/USD was trading at 1.0973, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.0912, Friday&rsquo;s low, and resistance at 1.1076, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Australia&rsquo;s official house price index fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian HPI Falls Less-than-expected Posted: 01 Aug 2011 06:40 PM PDT Forexpros – Australia&rsquo;s official house price index fell less-than-expected in the last quarter, official data showed on Tuesday.<br/><br/>In a report, Australian Bureau of Statistics said that Australian HPI fell to a seasonally adjusted -0.10%, from -1.70% in the preceding quarter.<br/><br/>Analysts had expected Australian HPI to fall -1.00% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Safeway To Open 100 Retail Clinics In California Posted: 01 Aug 2011 05:57 PM PDT From Merchant Medicine: “Although there is no official announcement yet, Mer­chant Medicine has learned that Safeway is building retail clinics in its stores in California, from the Bay Area to south of Los Ange­les. We have learned from our sources that the company could have plans for 100 or more clin­ics. Some are nearly completed, and furniture has been ordered. Based on one of the building per­mits we reviewed online, which listed the clinic at 399 square feet, we anticipate that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Elliott Wave Perspective Of The AUD/NZD Ahead Of The RBA Interest Rate Statement Posted: 01 Aug 2011 05:41 PM PDT AUD/NZD Between Pivots: - The AUD/NZD is trading between the 1.28 and 1.24 pivots, closer to 1.24 (support). - The price action has been bearish in the very short-term, in consolidation in the short to medium term, and has been bearish in the longer medium term (since March). This move since March is in a 3rd wave down, but after an even longer term rally (June 2010 – March 2011). -  Therefore, we are in the middle of a Aussie – cooling period, where the Kiwi remains robust. During … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Surrender Highs In Asian Trade Posted: 01 Aug 2011 05:30 PM PDT Forexpros – Crude oil futures retreated from gains Monday, lifted earlier in the day by prospects of a resolution to the U.S. debt ceiling debate, as Congress was expected to vote on a framework measure later in the day.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at USD95.38 a barrel during early Asian trade, falling 0.14%, after hitting a daily high of 97.86.<br /><br />Negotiations between Republican … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis August 2, 2011 Posted: 01 Aug 2011 01:17 PM PDT By CommoditiesMansion.com Light Sweet Crude   The CL contract had a wild day on Monday, as traders jockeyed back and forth between bullish and bearish tones. The market ended down just slightly, but the range was wide, and with some of the weak economic numbers coming out of the United States, there is concern that the economy may slip back into recession. The market is still bullish overall, but this recent action is very volatile, and should be avoided. We will let the market calm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis August 2, 2011 Posted: 01 Aug 2011 01:16 PM PDT By CommoditiesMansion.com The natural gas markets bounced on Monday as traders piled into the market to offer support. The $4.00 to $4.20 area has been strong support in the past, so this move isn't all that surprising. The market will more than likely bounce from this point, and should be good for several cents from here. If you have a longer-term view – you can buy and hold until we get to $4.80 or so. Originally posted here Read about crude oil and the oil price at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis August 2, 2011 Posted: 01 Aug 2011 01:15 PM PDT By CommoditiesMansion.com The gold markets had a wild ride on Monday as traders grappled with all of the ins and out of the budget deal in DC. The markets will more than likely focus on it until a vote is held, and only then will the question be put away. However, gold should get a bid from the fact that the situation in Europe isn't getting any better. Because of this – we buy on dips. Originally posted here Further information about crude oil price and crude oil news can be found at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610