Friday, August 19, 2011

DailyMarkets.com - Forex Trading: EUR/$ Trades On Session Highs

DailyMarkets.com - Forex Trading: EUR/$ Trades On Session Highs


Forex Trading: EUR/$ Trades On Session Highs

Posted: 19 Aug 2011 02:38 AM PDT

We've seen steady buying in the euro over the last few hours after re-testing hourly lows in the EUR/USD around 1.4270. The pair made a break out lower and tested support at 1.4270 after developing a short-term channel since yesterday. Since then, its traded over 70 points higher now testing channel resistance and the 38.2% fibo line on the move from yesterday's high of 1.44509 to the low of 1.42705. If resistance holds we look back towards the 23.6% line as our target; continued … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In European Trade

Posted: 19 Aug 2011 02:30 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 76.44, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 76.32, today&rsquo;s low, and resistance at 77.08, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.06% to hit 1.4341 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down In European Trading Hours

Posted: 19 Aug 2011 01:55 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4313, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, today&rsquo;s low, and resistance at 1.4518, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8668 and EUR/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The European Session

Posted: 19 Aug 2011 01:10 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6477, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.6257, Monday&rsquo;s low, and resistance at 1.6590, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8675 and GBP/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down During The European Session

Posted: 19 Aug 2011 12:15 AM PDT

Forexpros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8664, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.8662, today&rsquo;s low, and resistance at 0.8830, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.4300 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Close Lower; Nikkei Down 2.51%

Posted: 19 Aug 2011 12:10 AM PDT

Forexpros – Asian stocks were down after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index fell 2.51%, Australia&rsquo;s S&P/ASX 200 index shed 3.51%, while Hong Kong&rsquo;s Hang Seng Index was trading 2.68% down.<br/><br/> Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.41%, S&P 500 futures pointed to a decrease of 0.50% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Tesoro Corporation (TSO)

Posted: 18 Aug 2011 11:05 PM PDT

We maintain our long-term Outperform recommendation on Tesoro Corporation (NYSE:TSO) following a stellar second quarter 2011 performance. Higher throughput, improved margin environment and efficient operational performance aided the company to beat our earnings per share and revenue projections.
We believe that the favorable trends in the refining industry coupled with improvement in overseas economic activity and prospects for stronger fuel demand in the domestic market will enable the company to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Copa Holdings, S. A.

Posted: 18 Aug 2011 11:05 PM PDT

Copa Holdings, S. A. (NYSE:CPA) carried its momentum into the second quarter and delivered a 36% positive earnings surprise, as the airline continues to benefit from a burgeoning middle class in Latin America. Earnings estimates jumped higher off of the strong quarter, sending the stock to a Zacks #1 Rank (Strong Buy).
Based on consensus estimates, analysts are projecting 25% EPS growth in 2011 and 16% growth in 2012. On top of this growth, Copa pays a dividend that yields a solid 2.6%.
Valuation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Logitech International (LOGI)

Posted: 18 Aug 2011 11:05 PM PDT

We are downgrading our Neutral recommendation on Logitech International (NASDAQ:LOGI) to Underperform with a target price of $8.25. In the recently concluded quarter, the company witnessed lower than expected sales, especially in the EMEA region.
The weakness in EMEA was the result of lower-than-expected demand late in the fourth quarter and poor execution of pricing in channel programs in the region. Further, the gross and operating margins also declined due to weaker-than-expected demand and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Keynote Systems, Inc.

Posted: 18 Aug 2011 11:05 PM PDT

Keynote Systems, Inc. (NASDAQ:KEYN) has seen big gains over the last 12 months, recently hitting a new all-time high after reporting strong Q3 results that included a hefty 25% earnings surprise. With an average earnings surprise of 40% over the last four quarters and estimates on the rise, this Zacks #1 Rank stock is floating with momentum.
Company Description
Keynote Systems, Inc provides Internet and mobile cloud monitoring solutions worldwide. The company was founded in 1995 and has a market cap … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Hertz Global Holdings

Posted: 18 Aug 2011 11:05 PM PDT

Hertz Global Holdings (NYSE:HTZ) is still projecting excellent growth rates in the face of sliding sentiment. Shares have been hit, but that just makes for even better valuations.
This Zacks #2 Rank (Buy) is a bit of a risk, but could prove to be very profitable at this entry point.
Company Description
Hertz Global Holdings is the largest rental car company with 8,500 locations in 150 countries. The company also has a sizable equipment rental business serving everyone from consumers to industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 18 Aug 2011 10:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4291, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4264, Monday&rsquo;s low, and resistance at 1.4518, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8679 and EUR/JPY falling 0.34% 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: 18 Aug 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6477, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.6257, Monday&rsquo;s low, and resistance at 1.6590, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8680 and GBP/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 18 Aug 2011 09:55 PM PDT

Forexpros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.1358, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.1165, Tuesday&rsquo;s low, and resistance at 1.1555, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.4307 and EUR/JPY falling 0.32% 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: 18 Aug 2011 09:25 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.7940, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.7770, Tuesday&rsquo;s low, and resistance at 0.8017, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.4307 and USD/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Median Grades At Cornell By Department

Posted: 18 Aug 2011 09:04 PM PDT

Cornell — “In 1996 the Cornell University Registrar began publishing online median grade reports — an indication of the grades awarded in all undergraduate courses at Cornell. The move came in preparation for a much larger transition: the publishing of median course grades on Cornell transcripts. This year’s seniors, the Class of 2012, will be the first class where all students will recieve transcripts with these grades listed.

This interactive infographic transforms the Fall 2009 Median … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Should I Bank Profits

Posted: 18 Aug 2011 07:05 PM PDT

Gold in US dollars is pushing $2000 USD. Should you bank some profits.

Depends on the currency you hold it in.

If you hold gold and you hold it in Australia, New Zealand, Canadian currencies. Hell No ! This is because if there is a crisis then commodity based currencies will fall faster than the US dollar gold price, just as it did in 2008. Therefore you can expect gold in your currency to explode, then taking profits must be considered.

If you live in USA then selling some gold in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For August 19, 2011

Posted: 18 Aug 2011 11:35 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract fell hard on Thursday, and even managed to close towards the very bottom of the range, and as such looks very, very vulnerable at this point. The $80 level is the next support area, and it looks like we will be retesting it. Because of this recent price action, and the Philly Fed numbers (See Brent section) we are willing to step away from the markets until they calm down.

Brent
The Brent markets fell hard on Thursday as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For August 19, 2011

Posted: 18 Aug 2011 11:33 AM PDT

By CommoditiesMansion.com

 
The gold markets shot up again on Thursday as traders reacted to European debt fears yet again. The markets in general fell around the world as stocks lost their appeal. The US Philly Fed number shows that manufacturing is falling, and came in at a -30.7, far under the expected 4. The mix had investors looking for anything considered a "safe haven", and with the Swiss working against the ascent of the Franc, and the Japanese doing the same against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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