Wednesday, September 28, 2011

DailyMarkets.com - Forex – Dollar Broadly Lower As Barroso Comments Boost Euro

DailyMarkets.com - Forex – Dollar Broadly Lower As Barroso Comments Boost Euro

Forex – Dollar Broadly Lower As Barroso Comments Boost Euro

Posted: 28 Sep 2011 03:47 AM PDT

Forexpros – The U.S. dollar was broadly lower against its major rivals on Wednesday, while the euro strengthened broadly after a senior European Union official indicated more would be done to resolve the debt crisis in the euro zone.

During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.59% to hit 1.3665.

The euro found support after European Commission President Jose Manuel Barroso said earlier that more would be done to tackle the debt crisis in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Holds Gains But BoE Easing Fears Weigh

Posted: 28 Sep 2011 03:40 AM PDT

Forexpros – The pound held gains against the U.S. dollar on Wednesday, tracking the euro's gains but concerns over the prospect of further easing by the Bank of England weighed.

GBP/USD hit 1.5674 during early European trade, the daily high; the pair subsequently consolidated at 1.5664, easing up 0.16%.

Cable was likely to find support at 1.5525, Tuesday's low and resistance at 1.5746, the high of September 21.

Market sentiment was boosted after European Commission President Jose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Extends Gains After Barroso Remarks

Posted: 28 Sep 2011 03:32 AM PDT

Forexpros – The euro extended gains against the U.S. dollar on Wednesday, climbing to a one-week high after European Commission President Jose Manuel Barroso said that more would be done to tackle the debt crisis in the euro zone.

EUR/USD hit 1.3690 during European morning trade, the pair's highest since September 21; the pair subsequently consolidated at 1.3675, gaining 0.65%.

The pair was likely to find support at 1.3478, Tuesday's low and resistance at 1.3744, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Trims Losses After Barroso Comments

Posted: 28 Sep 2011 03:21 AM PDT

Forexpros – The euro trimmed losses against the yen on Wednesday, pulling away from the daily low as comments by European Commission President Jose Manuel Barroso supported the single currency.

EUR/JPY pulled back from 103.69, the daily low, to hit 104.30 during European morning trade, dipping 0.04%.

The pair was likely to find support at 102.22, Monday's low and an almost 10-year low and resistance at 104.95, Tuesday's high.

In a speech to the European Parliament earlier Barroso said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Rises To 2-day High On Greek Bailout Hopes

Posted: 28 Sep 2011 03:20 AM PDT

Forexpros – The euro rose to a two-day high against the pound on Wednesday, as hopes for decisive action on the euro zone debt crisis boosted demand for the single currency.

EUR/GBP hit 0.8718 during late European morning trade, the pair’s highest since September 26; the pair subsequently consolidated at 0.8733, jumping 0.24%.

The pair was likely to find support at 0.8651, the low of September 26 and resistance at 0.8785, the high of September 22.

The single currency found support after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Dip Ahead Of Contract Expiry

Posted: 28 Sep 2011 03:05 AM PDT

Forexpros – Natural gas futures were down for the first time in three days on Wednesday, on speculation that the market's recent rally had accounted for the boost to heating needs and as investors readjusted positions ahead of the expiration of the October contract later in the day.

On the New York Mercantile Exchange, natural gas futures for delivery in October traded at USD3.795 per million British thermal units during European morning trade, easing down 0.22%.

The October natural gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Gain On Brazil Crop Woes, China Demand Outlook

Posted: 28 Sep 2011 03:03 AM PDT

Forexpros – Sugar futures were up for a third day on Wednesday, climbing to a three-day high as lingering concerns over sugar crops in Brazil and speculation of increased demand from China buoyed prices.

On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2505 a pound during European morning trade, jumping 0.68%.

It earlier rose by as much as 1.4% to trade at USD0.2539 a pound, the highest price since September 23.

Concerns over Brazil's sugar harvest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Edges Higher Amid Euro Zone Concerns

Posted: 28 Sep 2011 02:45 AM PDT

Forexpros – The U.S. dollar edged higher against the Swiss franc on Wednesday, as uncertainty over measures to tackle the debt crisis in the euro zone supported safe haven demand.

USD/CHF hit 0.9002 during late European morning trade, the daily high; the pair subsequently consolidated at 0.8963, rising 0.16%.

The pair was likely to find support at 0.8789, the low of September 20 and resistance at 0.9086, the high of September 23.

Hopes for decisive action against the euro zone debt crisis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wheat Futures Slump On Easing Global Crop Concerns

Posted: 28 Sep 2011 02:11 AM PDT

Forexpros – Wheat futures weakened on Wednesday, dropping to a two-day low amid easing concerns over global crop conditions, while lingering worries over the sovereign debt crisis in the euro zone added to selling pressure.

On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD6.5438 a bushel during European morning trade, declining 0.47%.

It earlier fell by as much as 0.92% to trade at USD6.4700 a bushel, the lowest price since September 26.

The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Drop On E.Z. Bailout Worries; DAX Falls 1.43%

Posted: 28 Sep 2011 01:54 AM PDT

Forexpros – European stock markets dropped on Wednesday, erasing the biggest three-day rally in 16 months as a reported split within the euro zone on Greece’s bailout funds dampened hopes for united action against the region’s debt crisis.

During European morning trade, the EURO STOXX 50 tumbled 1.32%, France's CAC 40 dropped 1.33%, while Germany's DAX 30 fell 1.43%.

European equities were hit following reports of a division in the single currency bloc over Greece’s second EUR109 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed As Euro Zone Concerns Weigh Risk Appetite

Posted: 28 Sep 2011 01:39 AM PDT

Forexpros – The U.S. dollar was mixed against its major counterparts on Wednesday, as uncertainty over plans to enlarge the euro zone's bailout fund weighed on demand for higher yielding assets.

During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.18% to hit 1.3612.

The single currency was boosted by optimism that Greece is moving closer to receiving its next tranche of financial aid but a lack of consensus about how best to address the region's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eur/Usd Toying With 200 Hour M/A

Posted: 28 Sep 2011 01:12 AM PDT

Eur/Usd has strengthened over the last hour to trade above its 200 hour M/A of  1.3605. If it can hold it should test yesterday's high of 1.3667. A support trendline of previous lows held up earlier in the session and if the pair cannot remain above 1.3600 look for a move back down to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Decline As Global Growth Concerns Linger

Posted: 28 Sep 2011 01:09 AM PDT

Forexpros – Crude oil futures were down for the first time in three days on Wednesday, amid lingering concerns over the sovereign debt crisis in the euro zone and after industry data showed that U.S. crude supplies rose the most in five weeks last week.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD83.69 a barrel during European morning trade, dropping 0.96%.

It earlier fell as much as 1.5% to trade at a daily low of USD82.67 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Edges Higher Amid Greece Bailout Hopes

Posted: 28 Sep 2011 12:58 AM PDT

Forexpros – The pound edged higher against the U.S. dollar on Wednesday, tracking the euro's gains on the back of a growing sense of optimism that Greece is moving closer to receiving its next tranche of financial aid.

GBP/USD hit 1.5674 during early European trade, the daily high; the pair subsequently consolidated at 1.5644, easing up 0.05%.

Cable was likely to find support at 1.5525, Tuesday's low and resistance at 1.5746, the high of September 21.

On Tuesday, Greece’s parliament … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Five Setups, Five Winners With Coke Cola KO

Posted: 28 Sep 2011 12:42 AM PDT

After reviewing the setups used by seven times Robbins World Trading Champion Chuck Hughes we concluded that his methods are highly correlated to our Wyckoff 2.0 approach. So we have added some of his technical tests into our swing scanner. The results do impress.

Our review of Chuck Hughes has won our admiration of his work.

Below are five LONG signals derived from Chuck Hughes intermediate long strategy. 5 Setups and 5 winners, so far.

Of course we would apply our own Wyckoff 2 tests to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Drops Amid Euro Zone Divisions

Posted: 28 Sep 2011 12:36 AM PDT

Forexpros – The U.S. dollar was lower against the yen on Wednesday, as divisions within the euro zone over Greece’s bailout terms and over a potential expansion of the European Financial Stability Facility boosted safe haven demand.

USD/JPY hit 76.48 during early European trade, the daily low; the pair subsequently consolidated at 76.46, dropping 0.45%.

The pair was likely to find support at 76.10, the low of September 22 and resistance at 77.06, the high of September 14.

Market sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Lower On Profit Taking, Greece Fears Support

Posted: 27 Sep 2011 11:52 PM PDT

Forexpros – Gold futures edged lower on Wednesday, as investors sold positions to lock in gains after gold prices notched their biggest one-day advance in seven weeks in the previous session.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,646.05 a troy ounce during late Asian trade, shedding 0.39%.

It earlier fell by as much as 0.85% to trade at a daily low of USD1,631.15 a troy ounce.

Gold prices rallied nearly 3.6% on Tuesday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Falls On New Euro Zone Bailout Worries

Posted: 27 Sep 2011 11:37 PM PDT

Forexpros – The Australian dollar was lower against its U.S. counterpart on Wednesday, as market sentiment weakened amid reports of divisions within the euro zone over the terms of Greece’s bailout.

AUD/USD hit 0.9844 during late Asian trade, the daily low; the pair subsequently consolidated at 0.9879, dropping 0.36%.

The pair was likely to find support at 0.9690, the low of September 22 and resistance at 0.9985, Tuesday’s high.

Market sentiment was hit as a reported split between European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Slumps On E.Z. Bailout Divisions

Posted: 27 Sep 2011 11:23 PM PDT

Forexpros – The New Zealand dollar was lower against its U.S. counterpart on Wednesday, as concerns over bailout options in the euro zone prompted investors to flock to safer assets.

NZD/USD hit 0.7834 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7860, falling 0.30%.

The pair was likely to find support at 0.7723, the low of September 23 and resistance at 0.7956, Tuesday’s high.

Market sentiment was dampened following reports of a split in the single … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Import Prices Decline More-than-expected In August

Posted: 27 Sep 2011 11:20 PM PDT

Forexpros – German import prices declined more-than-expected in August, official data showed on Wednesday.

In a report, Destatis, Germany's federal statistical office said that German import prices fell by 0.7% in August, after declining by 0.8% in July.

Analysts had expected German import prices to fall by 0.3% in August.

Year-over-year, German import prices rose at an annualized rate of 6.6% in August, below expectations for a 6.7% increase, after rising at a rate of 7.5% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Mixed As Greece Concerns Linger; Nikkei Up 0.2%

Posted: 27 Sep 2011 11:10 PM PDT

Forexpros – Asian stock markets were mixed on Wednesday, as optimism over Europe's sovereign debt rescue plan faded amid lingering concerns over Greece's sovereign debt woes.

During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.2%, Australia's ASX/200 Index rose 0.4%, while Japan's Nikkei 225 Index edged 0.2% higher.

Global equity markets rallied sharply on Tuesday, boosted by hopes that euro zone policy makers were working to increase the size of the European Financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Nordstrom, Inc.

Posted: 27 Sep 2011 11:05 PM PDT

 
NORDSTROM INC (JWN): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Gerdau S.A.

Posted: 27 Sep 2011 11:05 PM PDT

Brazilian steelmaker Gerdau S.A.’s (NYSE:GGB) second quarter results were rather disappointing as the company’s EPS of $0.18 plummeted 38% year over year and lagged behind the Zacks Consensus by 14 cents. Results were plagued by higher raw material costs that have been persistently affecting the company’s financial health.
To add to the peril, Gerdau’s positive momentum gets restricted by the headwinds arising from foreign currency fluctuation, cyclicality of the industry and stiff competition. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Embraer S.A.

Posted: 27 Sep 2011 11:05 PM PDT

 
EMBRAER AIR-ADR (ERJ): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Jazz Pharmaceuticals, Inc.

Posted: 27 Sep 2011 11:05 PM PDT

 
JAZZ PHARMACEUT (JAZZ): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 27 Sep 2011 10:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3553, down 0.24% at time of writing.

The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3667, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8674 and EUR/JPY falling 0.56% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Recoveries Showing Early Signs Of Exhaustion

Posted: 27 Sep 2011 10:50 PM PDT

Talking Points

Crude Oil Losses Hinted Ahead as S&P 500 Index Futures Decline
Gold, Silver May Take Direction Cues from Ben Bernanke Speech

WTI Crude Oil (NY Close): $84.45 // +4.21 // +5.25%
Crude oil prices bounced as expected amid a broad-based recovery in risk appetite. The rise may run into resistance going forward however as S&P 500 stock index futures point to weakness in late Asian trade, suggesting the correction may have run out of steam. Technically, the upside is capped by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down On Renewed Euro Zone Concerns

Posted: 27 Sep 2011 10:47 PM PDT

Forexpros – The euro was down against the U.S. dollar on Wednesday, as renewed concerns over the handling of the euro zone debt crisis weighed on market sentiment.

EUR/USD hit 1.3542 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3562, shedding 0.16%.

The pair was likely to find support at 1.3417, the low of September 23 and resistance at 1.3693, the high of September 12.

Demand for the single currency was hit as divisions formed in the euro zone over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Trader Alessio Rastani’s Viral Video On A Potential Market Crash

Posted: 27 Sep 2011 10:39 PM PDT

This very blunt and honest interview with trader Alessio Rastani went viral on the Internet yesterday due to his lack of pulling punches when talking about the current market environment.  He made some important points that I've highlighted below and made some of my own comments:
1.  The current market environment is ruled by fear
This is a key point to understand when observing the extremely volatile and erratic nature in the movement of the market right now.  When so … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/Cad Fails Break Above 100 Hour M/A

Posted: 27 Sep 2011 10:32 PM PDT

Usd/Cad has failed to break above its 100 hour M/A (1.0258) in recent trade. Added resistance comes in at 1.0253 which signifies the 50% fibo retracement  of  move down from 1.0367 to 1.0169. If the pair can break above 1.0280 should be its next stop, where light resistance lies (61.8% fibo). Better resistance comes in at 1.0320.
If the pair comes off light support at 1.0226 (38.2% fibo) would be the first obstacle to 1.0190, where stronger support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 27 Sep 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.5634, down 0.04% at time of writing.

The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8682 and GBP/JPY falling 0.38% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours

Posted: 27 Sep 2011 09:55 PM PDT

Forexpros – The Euro was higher against the Swiss Franc on Wednesday.

EUR/CHF was trading at 1.2191, up 0.18% at time of writing.

The pair was likely to find support at 1.2153, Monday's low, and resistance at 1.2283, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.14% to hit 1.3566 and EUR/JPY falling 0.49% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During Asian Trade

Posted: 27 Sep 2011 09:25 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.8992, up 0.38% at time of writing.

The pair was likely to find support at 0.8926, Tuesday's low, and resistance at 0.9144, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.3555 and USD/JPY falling 0.35% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The Asian Session

Posted: 27 Sep 2011 09:00 PM PDT

Forexpros – The Euro was lower against the British Pound on Wednesday.

EUR/GBP was trading at 0.8680, down 0.09% at time of writing.

The pair was likely to find support at 0.8652, Monday's low, and resistance at 0.8793, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3560 and EUR/JPY falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 27 Sep 2011 08:35 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.

USD/JPY was trading at 76.56, down 0.34% at time of writing.

The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.21% to hit 1.3558 and GBP/USD falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In Asian Trading Hours

Posted: 27 Sep 2011 08:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.

USD/CAD was trading at 1.0238, up 0.45% at time of writing.

The pair was likely to find support at 1.0144, Tuesday's low, and resistance at 1.0386, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.06% to hit 1.3578 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down During Asian Trade

Posted: 27 Sep 2011 07:30 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 0.9891, down 0.21% at time of writing.

The pair was likely to find support at 0.9622, Monday's low, and resistance at 0.9986, Tuesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.18% to hit 1.3732 and AUD/JPY falling 0.59% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 27 Sep 2011 07:05 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3575, down 0.08% at time of writing.

The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3667, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8685 and EUR/JPY falling 0.42% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/Hkd 4hr Chart

Posted: 27 Sep 2011 06:50 PM PDT

While the Usd/Hkd is grinding lower following this channel you might see some support around 7.7880 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: UsdHkd Still On A Downward Trend On The Hourly Chart

Posted: 27 Sep 2011 06:41 PM PDT

Usd/Hkd continue on a downward trend following this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down During Asian Trade

Posted: 27 Sep 2011 06:35 PM PDT

Forexpros – The Euro was lower against the Japanese Yen on Wednesday.

EUR/JPY was trading at 103.95, down 0.39% at time of writing.

The pair was likely to find support at 101.94, Monday's low, and resistance at 104.96, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.01% to hit 1.3585 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Supported In September

Posted: 27 Sep 2011 06:32 PM PDT

The 2o0 hr moving average has supported the USD's move against the SGD throughout September and today we see the pair made another move lower as the markets saw a risk rally on the back of optimism out of Europe that a resolution could be on the horizon. However the USD sell off has stalled late in the NY session and the 200 hr mavg has held again. It will be interesting to see what the rest of the week will hold for the pair and if the 50% retracement and 200hr mavg will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Extends Gains After Barroso Remarks

Posted: 27 Sep 2011 05:02 PM PDT

By ForexMansion.com
Forexpros – The euro extended gains against the U.S. dollar on Wednesday, climbing to a one-week high after European Commission President Jose Manuel Barroso said that more would be done to tackle the debt crisis in the euro zone.
EUR/USD hit 1.3690 during European morning trade, the pair's highest since September 21; the pair subsequently consolidated at 1.3675, gaining 0.65%.
The pair was likely to find support at 1.3478, Tuesday's low and resistance at 1.3744, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Holds Gains But BoE Easing Fears Weigh

Posted: 27 Sep 2011 05:02 PM PDT

By ForexMansion.com
Forexpros – The pound held gains against the U.S. dollar on Wednesday, tracking the euro's gains but concerns over the prospect of further easing by the Bank of England weighed.
GBP/USD hit 1.5674 during early European trade, the daily high; the pair subsequently consolidated at 1.5664, easing up 0.16%.
Cable was likely to find support at 1.5525, Tuesday's low and resistance at 1.5746, the high of September 21.
Market sentiment was boosted after European Commission … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Lower As Barroso Comments Boost Euro

Posted: 27 Sep 2011 05:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was broadly lower against its major rivals on Wednesday, while the euro strengthened broadly after a senior European Union official indicated more would be done to resolve the debt crisis in the euro zone.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.59% to hit 1.3665.
The euro found support after European Commission President Jose Manuel Barroso said earlier that more would be done to tackle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/GBP Rises To 2-day High On Greek Bailout Hopes

Posted: 27 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – The euro rose to a two-day high against the pound on Wednesday, as hopes for decisive action on the euro zone debt crisis boosted demand for the single currency.
EUR/GBP hit 0.8718 during late European morning trade, the pair's highest since September 26; the pair subsequently consolidated at 0.8733, jumping 0.24%.
The pair was likely to find support at 0.8651, the low of September 26 and resistance at 0.8785, the high of September 22.
The single currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Dip Ahead Of Contract Expiry

Posted: 27 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – Natural gas futures were down for the first time in three days on Wednesday, on speculation that the market's recent rally had accounted for the boost to heating needs and as investors readjusted positions ahead of the expiration of the October contract later in the day.
On the New York Mercantile Exchange, natural gas futures for delivery in October traded at USD3.795 per million British thermal units during European morning trade, easing down 0.22%.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Gain On Brazil Crop Woes, China Demand Outlook

Posted: 27 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – Sugar futures were up for a third day on Wednesday, climbing to a three-day high as lingering concerns over sugar crops in Brazil and speculation of increased demand from China buoyed prices.
On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2505 a pound during European morning trade, jumping 0.68%.
It earlier rose by as much as 1.4% to trade at USD0.2539 a pound, the highest price since September 23.
Concerns over Brazil's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/JPY Trims Losses After Barroso Comments

Posted: 27 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – The euro trimmed losses against the yen on Wednesday, pulling away from the daily low as comments by European Commission President Jose Manuel Barroso supported the single currency.
EUR/JPY pulled back from 103.69, the daily low, to hit 104.30 during European morning trade, dipping 0.04%.
The pair was likely to find support at 102.22, Monday's low and an almost 10-year low and resistance at 104.95, Tuesday's high.
In a speech to the European Parliament … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CHF Edges Higher Amid Euro Zone Concerns

Posted: 27 Sep 2011 04:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar edged higher against the Swiss franc on Wednesday, as uncertainty over measures to tackle the debt crisis in the euro zone supported safe haven demand.
USD/CHF hit 0.9002 during late European morning trade, the daily high; the pair subsequently consolidated at 0.8963, rising 0.16%.
The pair was likely to find support at 0.8789, the low of September 20 and resistance at 0.9086, the high of September 23.
Hopes for decisive action against the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wheat Futures Slump On Easing Global Crop Concerns

Posted: 27 Sep 2011 03:32 PM PDT

By ForexMansion.com
Forexpros – Wheat futures weakened on Wednesday, dropping to a two-day low amid easing concerns over global crop conditions, while lingering worries over the sovereign debt crisis in the euro zone added to selling pressure.
On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD6.5438 a bushel during European morning trade, declining 0.47%.
It earlier fell by as much as 0.92% to trade at USD6.4700 a bushel, the lowest price since September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed As Euro Zone Concerns Weigh Risk Appetite

Posted: 27 Sep 2011 03:03 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was mixed against its major counterparts on Wednesday, as uncertainty over plans to enlarge the euro zone's bailout fund weighed on demand for higher yielding assets.
During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.18% to hit 1.3612.
The single currency was boosted by optimism that Greece is moving closer to receiving its next tranche of financial aid but a lack of consensus about how best to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Drop On E.Z. Bailout Worries; DAX Falls 1.43%

Posted: 27 Sep 2011 03:03 PM PDT

By ForexMansion.com
Forexpros – European stock markets dropped on Wednesday, erasing the biggest three-day rally in 16 months as a reported split within the euro zone on Greece's bailout funds dampened hopes for united action against the region's debt crisis.
During European morning trade, the EURO STOXX 50 tumbled 1.32%, France's CAC 40 dropped 1.33%, while Germany's DAX 30 fell 1.43%.
European equities were hit following reports of a division in the single currency bloc over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Decline As Global Growth Concerns Linger

Posted: 27 Sep 2011 02:32 PM PDT

By ForexMansion.com
Forexpros – Crude oil futures were down for the first time in three days on Wednesday, amid lingering concerns over the sovereign debt crisis in the euro zone and after industry data showed that U.S. crude supplies rose the most in five weeks last week.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD83.69 a barrel during European morning trade, dropping 0.96%.
It earlier fell as much as 1.5% to trade at a daily low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Drops Amid Euro Zone Divisions

Posted: 27 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was lower against the yen on Wednesday, as divisions within the euro zone over Greece's bailout terms and over a potential expansion of the European Financial Stability Facility boosted safe haven demand.
USD/JPY hit 76.48 during early European trade, the daily low; the pair subsequently consolidated at 76.46, dropping 0.45%.
The pair was likely to find support at 76.10, the low of September 22 and resistance at 77.06, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Edges Higher Amid Greece Bailout Hopes

Posted: 27 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – The pound edged higher against the U.S. dollar on Wednesday, tracking the euro's gains on the back of a growing sense of optimism that Greece is moving closer to receiving its next tranche of financial aid.
GBP/USD hit 1.5674 during early European trade, the daily high; the pair subsequently consolidated at 1.5644, easing up 0.05%.
Cable was likely to find support at 1.5525, Tuesday's low and resistance at 1.5746, the high of September 21.
On Tuesday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Falls On New Euro Zone Bailout Worries

Posted: 27 Sep 2011 01:02 PM PDT

By ForexMansion.com
Forexpros – The Australian dollar was lower against its U.S. counterpart on Wednesday, as market sentiment weakened amid reports of divisions within the euro zone over the terms of Greece's bailout.
AUD/USD hit 0.9844 during late Asian trade, the daily low; the pair subsequently consolidated at 0.9879, dropping 0.36%.
The pair was likely to find support at 0.9690, the low of September 22 and resistance at 0.9985, Tuesday's high.
Market sentiment was hit as a reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Lower On Profit Taking, Greece Fears Support

Posted: 27 Sep 2011 01:02 PM PDT

By ForexMansion.com
Forexpros – Gold futures edged lower on Wednesday, as investors sold positions to lock in gains after gold prices notched their biggest one-day advance in seven weeks in the previous session.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,646.05 a troy ounce during late Asian trade, shedding 0.39%.
It earlier fell by as much as 0.85% to trade at a daily low of USD1,631.15 a troy ounce.
Gold prices rallied nearly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Mixed As Greece Concerns Linger; Nikkei Up 0.2%

Posted: 27 Sep 2011 12:31 PM PDT

By ForexMansion.com
Forexpros – Asian stock markets were mixed on Wednesday, as optimism over Europe's sovereign debt rescue plan faded amid lingering concerns over Greece's sovereign debt woes.
During late Asian trade, Hong Kong's Hang Seng Index tumbled 1.2%, Australia's ASX/200 Index rose 0.4%, while Japan's Nikkei 225 Index edged 0.2% higher.
Global equity markets rallied sharply on Tuesday, boosted by hopes that euro zone policy makers were working to increase the size of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Import Prices Decline More-than-expected In August

Posted: 27 Sep 2011 12:31 PM PDT

By ForexMansion.com
Forexpros – German import prices declined more-than-expected in August, official data showed on Wednesday.
In a report, Destatis, Germany's federal statistical office said that German import prices fell by 0.7% in August, after declining by 0.8% in July.
Analysts had expected German import prices to fall by 0.3% in August.
Year-over-year, German import prices rose at an annualized rate of 6.6% in August, below expectations for a 6.7% increase, after rising at a rate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Slumps On E.Z. Bailout Divisions

Posted: 27 Sep 2011 12:31 PM PDT

By ForexMansion.com
Forexpros – The New Zealand dollar was lower against its U.S. counterpart on Wednesday, as concerns over bailout options in the euro zone prompted investors to flock to safer assets.
NZD/USD hit 0.7834 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7860, falling 0.30%.
The pair was likely to find support at 0.7723, the low of September 23 and resistance at 0.7956, Tuesday's high.
Market sentiment was dampened following reports of a split … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down During The Asian Session

Posted: 27 Sep 2011 12:02 PM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.
EUR/USD was trading at 1.3553, down 0.24% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3667, Tuesday's high.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8674 and EUR/JPY falling 0.56% to hit 103.78.
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EUR/USD Down On Renewed Euro Zone Concerns

Posted: 27 Sep 2011 12:02 PM PDT

By ForexMansion.com
Forexpros – The euro was down against the U.S. dollar on Wednesday, as renewed concerns over the handling of the euro zone debt crisis weighed on market sentiment.
EUR/USD hit 1.3542 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3562, shedding 0.16%.
The pair was likely to find support at 1.3417, the low of September 23 and resistance at 1.3693, the high of September 12.
Demand for the single currency was hit as divisions formed in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down In Asian Trade

Posted: 27 Sep 2011 11:32 AM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday.
GBP/USD was trading at 1.5634, down 0.04% at time of writing.
The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8682 and GBP/JPY falling 0.38% to hit 119.68.
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EUR/CHF Up In Asian Trading Hours

Posted: 27 Sep 2011 11:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the Swiss Franc on Wednesday.
EUR/CHF was trading at 1.2191, up 0.18% at time of writing.
The pair was likely to find support at 1.2153, Monday's low, and resistance at 1.2283, Friday's high.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.14% to hit 1.3566 and EUR/JPY falling 0.49% to hit 103.85.
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USD/CHF Up During Asian Trade

Posted: 27 Sep 2011 10:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.
USD/CHF was trading at 0.8992, up 0.38% at time of writing.
The pair was likely to find support at 0.8926, Tuesday's low, and resistance at 0.9144, Monday's high.
Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.3555 and USD/JPY falling 0.35% to hit 76.55.
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USD/JPY Down During Asian Trade

Posted: 27 Sep 2011 10:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.
USD/JPY was trading at 76.56, down 0.34% at time of writing.
The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.21% to hit 1.3558 and GBP/USD falling 0.08% to hit 1.5627.
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EUR/GBP Down During The Asian Session

Posted: 27 Sep 2011 10:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the British Pound on Wednesday.
EUR/GBP was trading at 0.8680, down 0.09% at time of writing.
The pair was likely to find support at 0.8652, Monday's low, and resistance at 0.8793, Friday's high.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3560 and EUR/JPY falling 0.47% to hit 103.87.
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USD/CAD Up In Asian Trading Hours

Posted: 27 Sep 2011 09:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.
USD/CAD was trading at 1.0238, up 0.45% at time of writing.
The pair was likely to find support at 1.0144, Tuesday's low, and resistance at 1.0386, Monday's high.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.06% to hit 1.3578 and GBP/USD falling 0.02% to hit 1.5636.
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EUR/USD Down During The Asian Session

Posted: 27 Sep 2011 08:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.
EUR/USD was trading at 1.3575, down 0.08% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3667, Tuesday's high.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8685 and EUR/JPY falling 0.42% to hit 103.92.
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AUD/USD Down During Asian Trade

Posted: 27 Sep 2011 08:32 AM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.
AUD/USD was trading at 0.9891, down 0.21% at time of writing.
The pair was likely to find support at 0.9622, Monday's low, and resistance at 0.9986, Tuesday's high.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.18% to hit 1.3732 and AUD/JPY falling 0.59% to hit 75.69.
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EUR/JPY Down During Asian Trade

Posted: 27 Sep 2011 08:03 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the Japanese Yen on Wednesday.
EUR/JPY was trading at 103.95, down 0.39% at time of writing.
The pair was likely to find support at 101.94, Monday's low, and resistance at 104.96, Tuesday's high.
Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.01% to hit 1.3585 and EUR/GBP rising 0.05% to hit 0.8692.
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Europe Needs To Move Faster

Posted: 27 Sep 2011 05:22 AM PDT

Imagine that a fire from a gas-fired barbeque broke out on your condo-apartment balcony. The heat is too intense so you call the Fire Department. The fire fighters arrive, but they don’t put out the fire. (We aren’t sure if the balcony is stable enough to hold fire fighters so we have to formulate a durable policy for dealing with future fires in this building.) Instead they call the fire inspector.

The fire inspector arrive 20 minutes later. By this time, the fire has spread to your living … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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