DailyMarkets.com - Forex – Dollar Rises To Multi-month High Against Swiss Franc

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• Forex – Dollar Rises To Multi-month High Against Swiss Franc
• European Stocks Advance Ahead Of ECB; DAX Up 0.9%
• Forex – Dollar Broadly Higher Ahead Of ECB Policy Meeting
• Bank Of Korea Holds Interest Rate At 3.25%
• Crude Oil Futures Pull Back From 5-week High On Stronger Dollar
• Forex – GBP/USD Hits 2-month Low Ahead Of BoE Meeting
• Narodowy Bank Polski Keeps Interest Rate At 4.50%
• Forex – Dollar Stronger Against Yen Ahead Of Obama Speech
• Central Bank Of West African States Holds Rate At 4.25%
• Bank Of Japan Holds Overnight Call Rate At 0-0.10%
• Gold Futures Rebound On Bargain-buying, U.S. Stimulus Hopes
• Forex – NZD/USD Edges Up To 2-day High But Gains Limited
• Forex – AUD/USD Hits Daily Low After Soft Employment Data
• Asia Stocks Fluctuate As Regional Data Weighs; Nikkei Up 0.3%
• Forex – EUR/USD Slides Ahead Of EBC Policy Meeting
• Japanese Core Machinery Orders Plunge In July
• Growth & Income Stock: Digital Realty Trust, Inc.
• Aggressive Growth Stock: HealthSpring Inc
• Bull Of The Day: Motorola Solutions, Inc. (MSI)
• Momentum Stock: Datalink Corp.
• Bear Of The Day: China Life Insurance
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• DMCI Holdings, Inc. (DMC) Holding On?
• US Dollar Bull Cycle Warming Up
• Forex – Dollar Strengthens In Mid-day Asian Trade
• Wednesday Night Links
• Forex – USD/JPY Gains Ground In Mid-day Asian Trade
• 1,230 For The E-Mini S&P 500?
• Asian Stocks Gain Ground In Early Trade; Nikkei Adds 1%
• Forex – AUD/USD Down On Economic Data
• Australian Employment Change Falls Unexpectedly
• Wide Of The Mark
• Crude Oil Gains In Early Asian Trade
• Gold Futures Ease In Early Asian Trade
• Oil Technical Analysis For September 8, 2011
• Natural Gas Technical Analysis For September 8, 2011
• Gold Technical Analysis For September 8, 2011
• Gold Daily Fundamental Analysis For September 08, 2011
• Natural Gas Daily Fundamental Analysis For September 08, 2011
• Crude Oil Daily Fundamental Analysis For September 08, 2011

Forex – Dollar Rises To Multi-month High Against Swiss Franc Posted: 08 Sep 2011 03:11 AM PDT Forexpros – The U.S. dollar was up against the Swiss franc on Thursday, trading close to a three-and-a-half month high after the franc dropped more than 8% on Tuesday when Switzerland took action to cap the franc's exchange rate against the euro. USD/CHF hit 0.8652 during European morning trade, the pair's highest since May 27; the pair subsequently consolidated at 0.8626, rising 0.61%. The pair was likely to find support at 0.8537, Wednesday's low and resistance at 0.8732, the high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Advance Ahead Of ECB; DAX Up 0.9% Posted: 08 Sep 2011 02:32 AM PDT Forexpros – European stock markets were broadly higher on Thursday, with shares in the financial sector leading gains ahead of a key policy setting meeting by the European Central Bank later in the day. During European morning trade, the EURO STOXX 50 jumped 1.3%, France's CAC 40 rose 1.1%, while Germany's DAX 30 climbed 0.9%. The ECB was not expected to increase its benchmark interest rate, but speculation that President Jean-Claude Trichet could signal a change in policy to support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Ahead Of ECB Policy Meeting Posted: 08 Sep 2011 01:56 AM PDT Forexpros – The U.S. dollar was higher against almost all of its major counterparts on Thursday, as investors shunned riskier assets ahead of a European Central Bank policy-setting meeting and after worse-than-expected Australian employment data. During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.17% to hit 1.4074. The euro was pressured lower by concerns that ECB President Jean-Claude Trichet would signal a pause in the bank's monetary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Korea Holds Interest Rate At 3.25% Posted: 08 Sep 2011 01:47 AM PDT The Bank of Korea kept its 7-day repurchase rate unchanged at 3.25% as deterioration in global economic conditions delayed the Bank’s path to normalization of monetary policy settings.  While noting the importance of the external environment, particularly risks to growth in developed economies, the Bank of Korea said: “Looking ahead, the Committee, while closely monitoring financial and economic risk factors both at home and abroad, will conduct monetary policy with a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Pull Back From 5-week High On Stronger Dollar Posted: 08 Sep 2011 01:41 AM PDT Forexpros – Crude oil futures were down on Thursday, pulling back from a five-week high as some mild-profit taking emerged after Wednesday's sharp gains, while a broadly stronger U.S. dollar also weighed. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD88.84 a barrel during European morning trade, slumping 0.55%. It earlier fell as much as 0.9% to trade at a daily low of USD88.61 a barrel. Prices rallied nearly 3.9% on Wednesday to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 2-month Low Ahead Of BoE Meeting Posted: 08 Sep 2011 01:29 AM PDT Forexpros – The pound fell to a two-month low against the U.S. dollar on Thursday, amid speculation that the Bank of England would announce fresh stimulus measure to bolster U.K. growth after its policy-setting meeting later in the day. GBP/USD hit 1.5914 during European trade, the pair's lowest since July 13; the pair subsequently consolidated at 1.5931, shedding 0.36%. Cable was likely to find support at 1.5780, the low of July 12 and a five-month low and resistance at 1.6038, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Narodowy Bank Polski Keeps Interest Rate At 4.50% Posted: 08 Sep 2011 01:25 AM PDT The Narodowy Bank Polski’s Monetary Policy Council held its benchmark 7-day interest rate steady at 4.50%.  The Bank said: “In the opinion of the Council, the significant monetary policy tightening implemented since the beginning of 2011 should facilitate inflation’s return to the target in the medium term. Given the above the Council decided to keep the NBP interest rates at the current level. The Council does not rule out the possibility of further monetary policy adjustment, should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Stronger Against Yen Ahead Of Obama Speech Posted: 08 Sep 2011 01:15 AM PDT Forexpros – The U.S. dollar was up against the yen on Thursday, climbing to a daily high as investors awaited a speech by U.S. President Barack Obama on jobs creation and economic stimulus later in the day. USD/JPY hit 77.42 during late Asian trade, the daily high; the pair subsequently consolidated at 77.37, gaining 0.18%. The pair was likely to find support at 76.71, Tuesday's low and resistance at 77.70, Wednesday's high. In his speech to Congress, President Obama was expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of West African States Holds Rate At 4.25% Posted: 08 Sep 2011 01:11 AM PDT The Central Bank of West African States [BCEAO] maintained its marginal lending facility rate at 4.25%, the minimum open market rate at 3.25% and the bank reserves requirement at 7.00%.  The BCEAO said in a statement [translated]: “During this session, the Committee considered the economic, financial and monetary recent West African Monetary Union, including the risks to price stability and economic growth prospects in the EU. In this regard, the Committee noted a trend … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Japan Holds Overnight Call Rate At 0-0.10% Posted: 08 Sep 2011 12:50 AM PDT The Bank of Japan maintained its uncollateralized overnight call rate steady at a range of 0 to 0.1% by a unanimous vote.  The Bank said it “commits itself to continuing the virtually zero interest rate policy until it judges that price stability is in sight on the basis of the “understanding of medium- to long-term price stability.”  In order for Japan’s economy to overcome deflation and return to a sustainable growth path with price stability, the Bank will continue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Rebound On Bargain-buying, U.S. Stimulus Hopes Posted: 08 Sep 2011 12:47 AM PDT Forexpros – Gold futures regained strength on Thursday, as the previous day's sharp drop created buying opportunities for investors, while expectations of further stimulus measures in the U.S. provided further support. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,841.15 a troy ounce during late Asian trade, jumping 1.45%. It earlier rose as much as 1.75% to trade at a daily high of USD1,846.25 a troy ounce. On Wednesday, gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Edges Up To 2-day High But Gains Limited Posted: 08 Sep 2011 12:34 AM PDT Forexpros – The New Zealand dollar edged up to a two-day high against its U.S. counterpart on Thursday, as investors shifted away from the Australian dollar following the release of worse-than-expected employment data. NZD/USD hit 0.8342 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.8323, easing up 0.05%. The pair was likely to find support at 0.8217, Wednesday's low and resistance at 0.8416, the high of August 26. Earlier in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits Daily Low After Soft Employment Data Posted: 08 Sep 2011 12:07 AM PDT Forexpros – The Australian dollar fell against its U.S. counterpart on Thursday, after official data showed that Australia's unemployment rate unexpectedly rose in August, adding to concerns over rate cuts by the country's central bank. AUD/USD hit 1.0572 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0602, shedding 0.55%. The pair was likely to find support at 1.0481, Wednesday's low and resistance at 1.0660, the day's high. The Australian Bureau … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Fluctuate As Regional Data Weighs; Nikkei Up 0.3% Posted: 07 Sep 2011 11:49 PM PDT Forexpros – Asian stock markets fluctuated between small gains and losses on Thursday, as optimism over strong overnight gains on Wall Street faded, while poor regional data and concerns China could raise rates also weighed. During late Asian trade, Hong Kong’s Hang Seng Index dropped 0.9%, Australia's ASX/200 Index eased down 0.03%, while Japan's Nikkei 225 Index edged 0.34% higher. Earlier in the day, Japan's Cabinet Office said that core machinery orders fell by the most in ten … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Slides Ahead Of EBC Policy Meeting Posted: 07 Sep 2011 11:38 PM PDT Forexpros – The euro slid lower against the U.S. dollar on Thursday, as investors remained cautious ahead of a policy-setting meeting by the European Central Bank later in the day. EUR/USD hit 1.4051 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4066, slipping 0.22%. The pair was likely to find support at 1.3991, Wednesday's low and resistance at 1.4172, Monday's high. Investors were concerned that a recent string of soft euro zone data would prompt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Core Machinery Orders Plunge In July Posted: 07 Sep 2011 11:22 PM PDT Forexpros – Japanese core machinery orders plunged in July, dropping by the most in ten months, official data showed on Thursday. In a report, Japan's Cabinet Office said core machinery orders fell by a seasonally adjusted 8.2% in July, after jumping by 7.7% in June. Economists had expected core machinery orders to drop by 4.2% in July. The data showed that year-on-year, core machinery orders increased at an annualized rate of 4.0%, falling short of expectations for a 8.3% increase, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Digital Realty Trust, Inc. Posted: 07 Sep 2011 11:05 PM PDT Digital Realty Trust, Inc. (NYSE:DLR) recently delivered its third consecutive positive earnings surprise on better-than-expected revenue in the second quarter. Analysts raised their estimates off of the strong quarter, sending the stock to a Zacks #2 Rank (Buy). Based on current consensus estimates, analysts are forecasting 20% growth this year and 10% growth next year. On top of this growth, the company pays a dividend that yields a solid 4.6%. It has been aggressively increasing its payout … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: HealthSpring Inc Posted: 07 Sep 2011 11:05 PM PDT HealthSpring (NYSE:HS) analysts are getting more and more bullish even as the market is gripped with fear. Estimates moving higher, plus shares moving lower equals excellent valuations for this Zacks #1 Rank (Strong Buy). Company Description HealthSpring is a managed care organization focusing on Medicare plans in 11 states as well as Washington D.C. Additionally, the company has national and regional stand-alone Medicare prescription plans. Beat and Raised On Aug 2 HealthSpring reported a great … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Motorola Solutions, Inc. (MSI) Posted: 07 Sep 2011 11:05 PM PDT We upgrade our recommendation on Motorola Solutions, Inc. (MSI) to Outperform. The company reported excellent financial results for the second quarter of 2011. The company is a market leader in the lucrative U.S. Public Safety market. While the federal budgetary pressures are anticipated to continue, the state and local level agencies have become a major growth driver for Motorola Solutions. The company’s business model remains compelling and we believe the company will be able to maintain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Datalink Corp. Posted: 07 Sep 2011 11:05 PM PDT Datalink Corp. (NASDAQ:DTLK) has pumped out some impressive gains in 2011, more than doubling in price after hitting a new multi-year in mid August. With a Q2 earnings surprise of 157% and bullish growth projection, this Zacks #1 rank stock is a solid pick for momentum. Company Description Datalink Corp designs, installs and supports data center solutions for medium and large-sized companies. The company was founded in 1958 and has a market cap of $162 million. Although Datalink has been strong for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: China Life Insurance Posted: 07 Sep 2011 11:05 PM PDT We are initiating coverage on China Life Insurance (NYSE:LFC) with an Underperform recommendation. The company’s semi-annual earnings witnessed a steep decline from the comparable period of the prior year. Increases in revenue and premiums were offset by increased benefits, claims and expenses, which led to a decline in the net income. Even the capital position remains sluggish driven by reduced operating cash flows in the semi-annual period. The company needs to improve premium earned from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 07 Sep 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.4062, down 0.26% at time of writing. The pair was likely to find support at 1.3974, Tuesday's low, and resistance at 1.4248, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8820 and EUR/JPY falling 0.11% 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: 07 Sep 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5950, down 0.26% at time of writing. The pair was likely to find support at 1.5919, Wednesday's low, and resistance at 1.6202, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8821 and GBP/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DMCI Holdings, Inc. (DMC) Holding On? Posted: 07 Sep 2011 09:28 PM PDT DMCI Holdings, Inc. or DMC in the Philippine Stock Exchange appears to be holding on to its uptrend line. Barring any negative impact from abroad, it is likely for DMC to continue its move higher. As you can see from its daily chart, has fallen back towards the Php 40.00 support after briefly trading above Php 45.00. In my opinion, the Php 40.00 level looks to be sturdy enough to hold DMC above as it has been tested for quite some time already in the recent past. Also, DMC's 200-day moving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Dollar Bull Cycle Warming Up Posted: 07 Sep 2011 09:19 PM PDT There is a long term bullish US Dollar cycle due to have a run. The short term cycles are implying that things are warming up for a US Dollar rally. This is not good for risk on trade, 60% of all SP500 company sales are helped by a low US Dollar. If the US Dollar rally gets serious, and that means gains of 12% or more, then GOLD over $2000 will be delayed. Shorter US Dollar Cycle Previous Forecast posted in May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Strengthens In Mid-day Asian Trade Posted: 07 Sep 2011 08:11 PM PDT Forexpros – Forexpros – The U.S. dollar edged higher against its major counterparts in Asian trade Thursday, boosted by a strong showing on Wall Street and hopes for renewed stimulus efforts from the U.S. government to shore up the economy. In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.27% to hit 1.4059. Earlier Wednesday, U.S. stocks got a boost from a German court ruling giving the go-ahead to further participation by Europe's largest economy in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesday Night Links Posted: 07 Sep 2011 07:40 PM PDT 1. The NFL season hasn’t even officially started, but the ads for the 2012 Superbowl are almost sold out already.  (HT: Mike LaFaive)  2. Twenty high-profile economists have urged the British government to drop the top 50 percent income tax rate, which they say is doing “lasting damage” to the UK economy. 3. With the economy in the dumps for the last few years, it means less trash in the landfills in Florida. (HT: Steve Bartin) 4. NY Fed Report: Consumer Goods from China Are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Gains Ground In Mid-day Asian Trade Posted: 07 Sep 2011 07:31 PM PDT Forexpros – Forexpros – The U.S. dollar moved higher against the Japanese yen in Asian trade Thursday, boosted by a strong performance on Wall Street and the release of data showing a drop in Japanese capital spending. In mid-day Asian trade USD/JPY hit 77.42 the pair's highest since Tuesday; the pair subsequently consolidated at 77.38, rising 0.20%. The pair was likely to find support at 76.29, the low of August 11, and resistance at 77.73, last Thursday's high. Earlier Wednesday, U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

1,230 For The E-Mini S&P 500? Posted: 07 Sep 2011 07:09 PM PDT The E-Mini S&P 500 has traded within the boundaries of a developing channel over the last four weeks, creating great levels for trading. Does this pattern forecast more upside? Channel The daily chart of the E-Mini S&P 500 shows a well-defined channel that has formed over the last month of trading, creating amazing reversal opportunities at the extremes of the pattern. The upward sloping nature of the channel forecasts longer term weakness ahead. We'll talk about that when we need … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Stocks Gain Ground In Early Trade; Nikkei Adds 1% Posted: 07 Sep 2011 06:51 PM PDT Forexpros – Forexpros – Asian stocks advanced in Thursday trade, getting a lift from positive news from Germany and Italy on European debt and the strong overnight performance in global equities. During early Asian trade, Hong Kong’s Hang Seng Index added. 1.7% to 20,048.00, Australia 's S&P/ASX 200 Index climbed 0.56% to 4,207.10, while Japan's Nikkei 225 Index added 0.75% to trade at 8,829.28. Along with the Nikkei, the broader-based Topix Index of all issues listed on the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down On Economic Data Posted: 07 Sep 2011 06:50 PM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of Australian data on Employment Change. AUD/USD was trading at 1.0591, down 0.66% at time of writing. The pair was likely to find support at 1.0483, Tuesday's low, and resistance at 1.0661, Wednesday's high. Earlier in the day, official data showed that Australian employment change fell unexpectedly to a seasonally adjusted -9.7K last month from -0.1K in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Employment Change Falls Unexpectedly Posted: 07 Sep 2011 06:45 PM PDT Forexpros – Australian employment change fell unexpectedly last month, official data showed on Thursday. In a report, Australian Bureau of Statistics said that Australian employment change fell to a seasonally adjusted -9.7K, from -0.1K in the preceding month. Analysts had expected Australian employment change to rise 10.0K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wide Of The Mark Posted: 07 Sep 2011 06:39 PM PDT The Big Picture features a chart by Bianco Research that shows just how far off the mark Wall Street’s strategists (who take a big picture, or “top down,” approach) and analysts (who rely on a company-by-company, or “bottoms-up” approach) are when it comes to assessing corporate America’s bottom-line prospects. According to Barry Ritholtz, the significance of The Street’s seemingly growing inability to come up with realistic estimates is what might happen if the economy slips into recession: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Gains In Early Asian Trade Posted: 07 Sep 2011 06:05 PM PDT Forexpros – Forexpros – Crude oil futures advanced in Asian trade Thursday, ending a two-day losing streak on a lower dollar and a report predicting an unexpected drop in U.S. oil stockpiles. On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD89.78 a barrel during early Asian trade, rising 0.34%, after hitting a daily low of USD89.47. Earlier Wednesday, industry group the American Petroleum Institute, forecast that U.S. crude oil stockpiles would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Ease In Early Asian Trade Posted: 07 Sep 2011 05:25 PM PDT Forexpros – Forexpros – Gold futures retreated in Asian trade Thursday, as a rebound in global equity markets cooled investor appetite for safe-haven investments after the precious metal's record high rise in the previous session. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,816.65 a troy ounce during early Asian trade, down 0.08%, after hitting a daily high of USDS1,819.05. Following Switzerland's central bank decision to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For September 8, 2011 Posted: 07 Sep 2011 10:39 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract rose rapidly on Wednesday as traders reacted to the relief of the stock markets as German courts ruled a bailout of Greece wasn't illegal. This caused a massive relief rally around the world as stocks soared. Compounding that is the fact that several tropical storms are forming in the Atlantic and could threaten oil production out of the Gulf of Mexico for a while. The market stopped just at the $90 mark, an area we have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For September 8, 2011 Posted: 07 Sep 2011 10:38 AM PDT By CommoditiesMansion.com   The natural gas markets rose during the Wednesday session, but were quickly repelled by the $4 – $4.10 resistance zone as we had predicted. This area has been very resistive, and looks like it going to continue to be. The shape of the daily candle is a shooting star at the bottom of a down move, which is a very bearish signal indeed. It looks as if we are going to go lower and soon. If you didn't short this market on the bounce like we suggested, a new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For September 8, 2011 Posted: 07 Sep 2011 10:37 AM PDT By CommoditiesMansion.com   The gold markets fell on Wednesday as traders around the world decided to take on more risk in the various stock markets in reaction to the German high court allowing the bailout of Greece to continue. The pullback has been significant, falling as much as $60 at one point. The other thing to be aware of is the double top we formed at the $1,920 mark. Until this gets broken, we cannot suggest buying as this is starting to look more and more like a top of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For September 08, 2011 Posted: 07 Sep 2011 02:03 AM PDT By CommoditiesMansion.com Gold prices tumbled on Wednesday amid rising optimism around global financial markets, where traders were optimistic after Italy announced new austerity measures, which provided stock markets in Europe and the United States with strong bullish momentum, and accordingly, traders opted to invest in higher yielding and more risky assets, which put strong negative pressure on gold prices one day after rising to a new record high on Tuesday. We still preserve our bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For September 08, 2011 Posted: 07 Sep 2011 02:02 AM PDT By CommoditiesMansion.com Natural gas prices rose on Wednesday, as the National Hurricane Center signaled a storm in the Gulf of Mexico could develop into a cyclone, which raised concerns that supply of natural gas could be disrupted from the area, putting upside pressures on natural gas prices. Traders will be eyeing the EIA report for natural gas stockpiles on Thursday, while traders will be also watching the developments of the storm in the Gulf of Mexico. Thursday September 08: At 14:30 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For September 08, 2011 Posted: 07 Sep 2011 02:02 AM PDT By CommoditiesMansion.com Crude oil prices rose on Wednesday, as optimism spread through markets that President Obama will announce a new stimulus plan to support the labor market. Moreover, concerns from the European debt crisis eased after Italy announced new austerity measures. Also, traders were focused on a strong in the Gulf of Mexico that could disrupt oil supplies, which pushed crude oil prices higher. U.S. President Obama will announce a new stimulus plan to support the labor market, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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