DailyMarkets.com - Forex – EUR/GBP Extends Losses After Weak Manufacturing Data

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• Forex – EUR/GBP Extends Losses After Weak Manufacturing Data
• European Stocks Sharply Lower On PMI Data; DAX Tumbles 2.1%
• Forex Trading: Euro Weaker In Recent Trade, Rebounding Slightly.
• Forex – Dollar Broadly Higher After Weak EZ, U.K. PMI Data
• U.K. Manufacturing PMI Falls To 26-month Low In August
• Crude Oil Futures Edge Lower After Flurry Of Weak EZ PMI’s
• Brazil Central Bank Drops Selic Rate 50bps To 12.00%
• Forex – GBP/USD Slides To 4-day Low Ahead Of U.K. PMI Data
• Euro Zone Manufacturing PMI Drops To 2-year Low In August
• German Manufacturing PMI Drops To 23-month Low In August
• Forex Trading: Eurozone PMI Weaker At 49.0 Vs 49.7
• Gold Futures Edge Lower As Global Growth Concerns Ease
• Forex Trading: Eurozone PMI Data To Be Released At 4AM
• Swiss SVME PMI Falls Less-than-expected In August
• Forex – Dollar Hits 4-day High Vs. Yen On Gains In Asian Markets
• Swiss Retail Sales Rise Less-than-expected In July
• Forex – NZD/USD Slips To 2-day Low On Weak Commodity Data
• U.K. Nationwide HPI Declines Unexpectedly In August
• Forex – AUD/USD Hits 4-week High After Retail Sales Data
• Asia Stocks Broadly Higher; Nikkei Jumps 1.2%
• Forex – Euro Slips To 4-day Low Against Broadly Stronger Dollar
• Swiss GDP Grows In Line With Expectations In Q2
• Momentum Stock: Foot Locker, Inc.
• Growth & Income Stock: InterContinental Hotels Group Plc
• Aggressive Growth Stock: International Game Technology
• Bear Of The Day: Applied Materials, Inc. (AMAT)
• Bull Of The Day: Cabot Oil & Gas (COG)
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Stock Watch List For Thursday, Set 01
• Singapore Stock Market Update For Thursday 01 September
• Forex – Dollar Gains In Mid-day Asian Trade
• Secretary Solis: Watch Where You Park Your Car
• Forex – USD/JPY Rises In Mid-day Asian Trade
• Forex – AUD/USD Up On Economic Data
• Asian Stocks Advance In Early Trade; Nikkei Lifted 0.9%
• Australian Retail Sales Rise More-than-expected
• Crude Oil Falls In Early Asian Trade
• Obama’s Jobs Plan: Will He Offer Policy Miniatures Or Give ‘em Hell?
• Gold Futures Inch Higher In Early Asian Trade
• Oil Technical Analysis For September 1, 2011
• Natural Gas Technical Analysis For September 1, 2011
• Gold Technical Analysis For September 1, 2011
• Natural Gas Daily Fundamental Analysis For September 01, 2011
• Crude Oil Daily Fundamental Analysis For September 01, 2011
• Gold Daily Fundamental Analysis For September 01, 2011

Forex – EUR/GBP Extends Losses After Weak Manufacturing Data Posted: 01 Sep 2011 02:54 AM PDT Forexpros – The euro extended losses against the pound on Thursday, falling to a five-day low after data showed that manufacturing activity in the euro zone slumped to its lowest level in two years in August. EUR/GBP hit 0.8800 during European morning trade, the pair's lowest since August 25; the pair subsequently consolidated at 0.8807, shedding 0.43%. The pair was likely to find support at 0.8726, the low of August 24 and resistance at 0.8856, the days high. A report earlier showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Sharply Lower On PMI Data; DAX Tumbles 2.1% Posted: 01 Sep 2011 02:26 AM PDT Forexpros – European stock markets were down sharply on Thursday, after data showed that manufacturing activity in the euro zone fell to a two-year low in August, while a disappointing Spanish bond auction also weighed. During European morning trade, the EURO STOXX 50 dropped 1.4% France's CAC 40 sank 1.35%, while Germany's DAX 30 tumbled 2.1%. Earlier Thursday, data showed that the euro zone's manufacturing purchasing managers' index fell to a two-year low of 49.0 in August, down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Weaker In Recent Trade, Rebounding Slightly. Posted: 01 Sep 2011 02:04 AM PDT The EUR has traded lower since the entrance of Europe into the market with all of the European equity indexes opening, and currently trading lower; additional downward pressure added by a worse than expected Euro zone manufacturing PMI. On an hourly chart the EUR/USD was testing the 1.43533 level before making a pass through and closing below it. We are currently trading in the area of the 50.0% on the daily chart. From this perspective the trend appears to be downward, a close below this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher After Weak EZ, U.K. PMI Data Posted: 01 Sep 2011 01:52 AM PDT Forexpros – The U.S. dollar was broadly higher against its major counterparts on Thursday, after worse-than-expected euro zone and U.K. manufacturing data added to concerns over the outlook for global growth. During European morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.51% to hit 1.4298. Earlier Thursday, data showed that Germany's manufacturing purchasing managers' index fell to its lowest level since September 2009 in August, slumping to 50.9, well … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Manufacturing PMI Falls To 26-month Low In August Posted: 01 Sep 2011 01:40 AM PDT Forexpros – Manufacturing activity in the U.K. fell unexpectedly in August, dropping to the lowest level since May 2009, official data showed on Thursday. In a report, market research group Markit said that its U.K. manufacturing PMI declined to a seasonally adjusted 49.0 in August, down from a reading of 49.4 in July, whose figure was revised up from 49.1. Analysts had expected the manufacturing PMI to ease up to 49.5 in August. On the index, a reading above 50.0 indicates industry … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Edge Lower After Flurry Of Weak EZ PMI’s Posted: 01 Sep 2011 01:34 AM PDT Forexpros – Crude oil futures edged lower on Thursday, after data showed that manufacturing activity in the euro zone fell to a two-year low in August but prices remained supported after upbeat manufacturing data from the U.S. and China. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD88.51 a barrel during European morning trade, shedding 0.35%. It earlier fell as much as 0.5% to trade at a daily low of USD88.38 a barrel. Market research … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brazil Central Bank Drops Selic Rate 50bps To 12.00% Posted: 01 Sep 2011 01:30 AM PDT The Banco Central Do Brasil dropped the Selic interest rate by 50 basis points to 12.00% from 12.50% previously.  In its statement, Brazil’s Central Bank Monetary Policy Committee (Copom) said: “Reevaluating the international scenario, the committee considers that there has been substantial deterioration, shown by, for example, generalized and large reductions in growth projections for the principal economic blocks.  The committee understands that this increases the chances … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Slides To 4-day Low Ahead Of U.K. PMI Data Posted: 01 Sep 2011 01:12 AM PDT Forexpros – The pound slipped to a four-day low against the U.S. dollar on Thursday, as the outlook for U.K. growth remained downbeat ahead of the release of U.K. data on manufacturing activity. GBP/USD hit 1.6218 during early European trade, the pair's lowest since August 26; the pair subsequently consolidated at 1.6226, shedding 0.12%. Cable was likely to find support at 1.6165, the low of August 12 and resistance at 1.6334, Wednesday's high. Earlier in the day, the British Chamber … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Manufacturing PMI Drops To 2-year Low In August Posted: 01 Sep 2011 01:11 AM PDT Forexpros – Manufacturing activity in the euro zone fell more-than-expected in August, falling to the lowest level since August 2009, official data showed on Thursday. In a report, market research group Markit said that its final reading the euro zone's manufacturing purchasing managers' index fell to a seasonally adjusted 49.0 in August, down from a preliminary reading of 49.7. Analysts had expected the final reading to hold steady at 49.7. On the index, a reading above 50.0 indicates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Manufacturing PMI Drops To 23-month Low In August Posted: 01 Sep 2011 01:04 AM PDT Forexpros – Manufacturing activity in Germany fell more-than-expected in August, slumping to the lowest level since September 2009, official data showed on Thursday. In a report, market research group Markit said that its final reading of German's manufacturing purchasing managers' index fell to a seasonally adjusted 50.9 in August, down from a preliminary reading of 52.0. Analysts had expected the final reading to hold steady at 52.0. A reading above 50.0 on the index indicates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone PMI Weaker At 49.0 Vs 49.7 Posted: 01 Sep 2011 01:01 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Edge Lower As Global Growth Concerns Ease Posted: 01 Sep 2011 12:53 AM PDT Forexpros – Gold futures were down for a second day on Thursday, as the safe haven appeal of the precious metal was dented after upbeat manufacturing data from the U.S. and China eased concerns over a slowdown in the world's two biggest economies. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,821.95 a troy ounce during late Asian trade, shedding 0.4%. It earlier fell as much as 0.7% to trade at a daily low of USD1,815.15 a troy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone PMI Data To Be Released At 4AM Posted: 01 Sep 2011 12:37 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss SVME PMI Falls Less-than-expected In August Posted: 01 Sep 2011 12:35 AM PDT Forexpros – Manufacturing activity in Switzerland fell less-than-expected in August, industry data showed on Thursday. In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers' index declined to a seasonally adjusted 51.7 in August from 53.5 in July. Analysts had expected the index to decline to 51.2 in August. On the index, a reading above 50.0 indicates expansion, below indicates contraction. Following the release of the data, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Hits 4-day High Vs. Yen On Gains In Asian Markets Posted: 01 Sep 2011 12:32 AM PDT Forexpros – The U.S. dollar rose to a four-day high against the yen on Thursday, as strong gains in Asian stock markets bolstered market sentiment and dampened demand for the safe haven yen. USD/JPY hit 77.24 during late Asian trade, the pair's highest since August 26; the pair subsequently consolidated at 76.88, gaining 0.29%. The pair was likely to find support at 76.29, the low of August 11 and resistance at 77.51, the high of August 26. Sentiment in Asian markets strengthened after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Retail Sales Rise Less-than-expected In July Posted: 01 Sep 2011 12:21 AM PDT Forexpros – Retail sales in Switzerland rose less-than-expected in July, official data showed on Thursday. In a report, Switzerland's Federal Statistical Office said that retail sales rose at an annualized rate of 1.9% in July, falling short of expectations for a 4.6% gain. June's figure was revised up to a 7.9% increase from a previously reported 7.4% gain. Month-over-month, Swiss retail sales tumbled by 3.4% in July, after surging by a revised 7.6% in June. Following the release of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Slips To 2-day Low On Weak Commodity Data Posted: 01 Sep 2011 12:13 AM PDT Forexpros – The New Zealand dollar slid to a two-day low against its U.S. counterpart on Thursday, after a report showing that export prices for the country's commodities fell in August , down for the third consecutive month. NZD/USD hit 0.8488 during late Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 0.8502, shedding 0.45%. The pair was likely to find support at 0.8457, Tuesday's low and resistance at 0.8571, Wednesday's high and a four-week … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Nationwide HPI Declines Unexpectedly In August Posted: 01 Sep 2011 12:04 AM PDT Forexpros – U.K. house prices declined unexpectedly in August, industry data showed on Thursday. In a report, U.K. mortgage lender Nationwide said its house price index fell 0.6% in August, confounding expectations for a 0.1% gain. The previous month's figure was revised up to a 0.3% increase from 0.2%. Year-on-year, home prices in the U.K. declined at an annualized rate of 0.4% in August, after falling by 0.4% in the preceding month. Commenting on the report, Nationwide’s chief … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Hits 4-week High After Retail Sales Data Posted: 01 Sep 2011 12:00 AM PDT Forexpros – The Australian dollar climbed to a four-week high against its U.S. counterpart on Thursday, after official data showed that retail sales rose more-than-expected in July, after declining in the previous three months. AUD/USD hit 1.0732 during late Asian trade, the pair's highest since August 4; the pair subsequently consolidated at 1.0716, gaining 0.10%. The pair was likely to find support at 1.0558, the low of August 29 and resistance at 1.0785, the high of August 3. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Broadly Higher; Nikkei Jumps 1.2% Posted: 31 Aug 2011 11:50 PM PDT Forexpros – Asian stock markets were broadly higher on Thursday, advancing for the sixth consecutive day, after upbeat manufacturing data from the U.S. and China eased concerns over a slowdown in the world's two biggest economies. During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.2%, Australia's ASX/200 Index rose 0.15%, while Japan's Nikkei 225 Index rose 1.18%. Official data released earlier showed that China’s purchasing managers’ index rebounded from a 28-month low in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Slips To 4-day Low Against Broadly Stronger Dollar Posted: 31 Aug 2011 11:30 PM PDT Forexpros – The euro dipped against the broadly stronger U.S. dollar in quiet trade on Thursday, as the dollar was boosted by Wednesday's slightly better than expected data on factory orders and manufacturing activity in the Chicago area. EUR/USD hit 1.4354 during late Asian trade, the pair's lowest since August 26; the pair subsequently consolidated at 1.4360, slipping 0.07%. The pair was likely to find support at 1.4270, the low of August 25 and resistance at 1.4468, Wednesday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss GDP Grows In Line With Expectations In Q2 Posted: 31 Aug 2011 11:25 PM PDT Forexpros – Switzerland's economy expanded in line with expectations in the second quarter of 2011, official data showed on Thursday. In a report, Switzerland's Federal Statistical Office said the country's gross domestic product increased in line with expectations by a seasonally adjusted 0.4% in the second quarter, compared to growth of 0.6% in the preceding quarter, whose figure was revised up from 0.3%. Switzerland's economy grew at an annualized rate of 2.3% in the three months … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Foot Locker, Inc. Posted: 31 Aug 2011 11:05 PM PDT Foot Locker, Inc. (NYSE:FL) has jumped more than 25% in just the last two weeks after rebounding aggressively from a short-term, market-driven sell off. The bounce comes on the heels of strong Q2 results and bullish movement in estimates, providing more support and momentum for this Zacks #1 Rank stock. Company Description Foot Locker, Inc., together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company was founded in 1879 and has a market cap of $3.29 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: InterContinental Hotels Group Plc Posted: 31 Aug 2011 11:05 PM PDT InterContinental Hotels Group Plc (NYSE:IHG) recently reported better-than-expected results for the second quarter of 2011. Earnings per share rose 19% year-over-year and came in 9% above the Zacks Consensus Estimate as revenue rose 11%. Analysts revised their earnings estimates higher for both 2011 and 2012 following the strong quarter, sending the stock to a Zacks #2 Rank (Buy). IHG also pays a dividend that yields a solid 1.8%. Valuation looks attractive too, with shares trading at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: International Game Technology Posted: 31 Aug 2011 11:05 PM PDT International Game Technology (NYSE:IGT) is in a highly discretionary business, but after getting throttled by the market lately, there is some good value here. Growth rates are in the double digits and investors looking to bargain hunt seem to be turning to IGT. Company Description International Game Technology makes gaming machines as well as online and mobile gaming products. Another Earnings Surprise On Jul 26 IGT reported a 3% increase in revenues for the third-quarter, to $489 million. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Applied Materials, Inc. (AMAT) Posted: 31 Aug 2011 11:05 PM PDT Applied Materials (NASDAQ:AMAT) is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. Applied Materials’ third quarter results exceeded estimates, but guidance disappointed, due to utilization cuts at DRAM, NAND and foundry customers. Therefore, we think the shares will underperform in the near term. Add to this a peaking cycle, the recent increase in debt and issuers in the TV market and we can expect significantly lower earnings. We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Cabot Oil & Gas (COG) Posted: 31 Aug 2011 11:05 PM PDT We are maintaining our Outperform recommendation on shares of Cabot Oil & Gas (NYSE:COG), reflecting its impressive exposure to the high-return Marcellus and Haynesville Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of over $200 million bodes well for Cabot, which will help it to bolster its natural gas operations. Buoyed by the growth momentum from the company’s drilling efforts, particularly in its North region, Cabot recently reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 31 Aug 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.4370, down 0.01% at time of writing. The pair was likely to find support at 1.4354, today's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8849 and EUR/JPY rising 0.13% 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: 31 Aug 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.6236, down 0.06% at time of writing. The pair was likely to find support at 1.6224, today's low, and resistance at 1.6454, Monday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8846 and GBP/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Watch List For Thursday, Set 01 Posted: 31 Aug 2011 10:09 PM PDT ( click to enlarge ) American Campus Communities, Inc. (NYSE:ACC) – The Technical chart shows a stock working its way higher and I think that will continue. Fresh exposures may be considered on a move past $39.07 with a stop-loss at $37.72.    ( click to enlarge ) Clearwire Corporation (NASDAQ:CLWR) had big day on Wednesday. I would really like to see some follow through today. If it does not blast out of the gates a buy on the pull back could provide for a profitable trade.  Keep … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Thursday 01 September Posted: 31 Aug 2011 10:03 PM PDT Local market finished up 93.37 points yesterday with heavy volume. This may mark a good start that the selling could have subsided. Market is now at resistance 2910. We expect a pullback around this point. Once it’s done, market can rally upwards further. We believe sentiment is currently neutral with slightly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Gains In Mid-day Asian Trade Posted: 31 Aug 2011 08:06 PM PDT Forexpros – Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Thursday, on the back of encouraging factory order data and the overnight gain for Wall Street issues In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD slipping 0.02% to hit 1.4369. The U.S. Census Bureau on Wednesday reported that factory orders jumped 2.4% in July, far exceeding economist's forecasts of a 1% increase. That followed a 0.4% decline in June. A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Secretary Solis: Watch Where You Park Your Car Posted: 31 Aug 2011 07:58 PM PDT Labor Secretary Hilda Solis said yesterday that she was inspired to buy a Chevrolet Equinox “because of the pride she saw in American auto workers during trips to U.S. car and truck plants. She said that she was wowed by the pride they take making our automobiles here in America.”  Whoops! Turns out the Equinox was built by proud Canadian auto workers.  Just in case Secretary Solis happens to drive her foreign-made Equinox to visit any more U.S. car and truck plants in the future, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Rises In Mid-day Asian Trade Posted: 31 Aug 2011 07:21 PM PDT Forexpros – Forexpros – The U.S. dollar gained ground against the Japanese yen in Asian trade Thursday, following better than expected U.S. factory orders for July and overnight gains on Wall Street. In mid-day Asian trade USD/JPY hit 76.43, the pair's lowest since last Wednesday; the pair subsequently consolidated at 77.13, advancing 0.59%. The pair was likely to find support at 76.43, the day's low, and resistance at 77.70, last Thursday's high. The U.S. Census Bureau on Wednesday … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up On Economic Data Posted: 31 Aug 2011 06:45 PM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Retail Sales. AUD/USD was trading at 1.0718, up 0.10% at time of writing. The pair was likely to find support at 1.0562, Monday's low, and resistance at 1.0720, Wednesday's high. Earlier in the day, official data showed that Retail sales in Australia rose more-than-expected to a seasonally adjusted 0.5% last month from -0.1% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Stocks Advance In Early Trade; Nikkei Lifted 0.9% Posted: 31 Aug 2011 06:42 PM PDT Forexpros – Forexpros – Asian stocks moved higher Thursday, lifted by better than expected U.S. factory orders and the prospects for higher earnings from the region's exporters. During early Asian trade, Hong Kong's Hang Seng Index strengthened by 1.63% to 20,534.85, Japan's Nikkei 225 Index advanced 0.9% to 9,029.70, Australia's S&P/ASX 200 climbed 0.6% to 4,324.10, and South Korea's Kospi Index picked up 1.4% to 1,906.69. Along with the Nikkei, the broader-based Topix Index of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Retail Sales Rise More-than-expected Posted: 31 Aug 2011 06:40 PM PDT Forexpros – Retail sales in Australia rose more-than-expected last month, official data showed on Thursday. In a report, Australian Bureau of Statistics said that Australian retail sales rose to a seasonally adjusted 0.5%, from -0.1% in the preceding month. Analysts had expected Australian retail sales to rise 0.3% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Falls In Early Asian Trade Posted: 31 Aug 2011 06:02 PM PDT Forexpros – Forexpros – Crude oil futures moved lower in Asian trade Thursday, as inventories in the U.S. rose last week further dampening expectations for an increase in demand from the world's largest energy consumer. On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD88.82 a barrel during early Asian trade, falling 0.12%, after hitting a daily low of USD88.66. In its weekly report, the U.S. Energy Information Administration reported that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Obama’s Jobs Plan: Will He Offer Policy Miniatures Or Give ‘em Hell? Posted: 31 Aug 2011 05:32 PM PDT Next Wednesday President Obama will unveil his jobs plan. He'll choose either Plan A or Plan B. Plan A would be big enough to restart the economy (now barely growing) and reduce unemployment (which continues to grow). That means spending another trillion dollars over the next two years – rebuilding the nation's infrastructure, creating a new WPA and Civilian Conservation Corps, and lending money to cash-starved states and cities. Republicans will oppose it, of course. They'll say the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Inch Higher In Early Asian Trade Posted: 31 Aug 2011 05:23 PM PDT Forexpros – Forexpros – Gold futures eked out marginal gains in Asian trade Thursday, as dealers locked in profits following a 2.5% gain in the previous day's session, and the precious metal registered a 12% rise in the month of August, its strongest showing since November 2009. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,825.55 a troy ounce during early Asian trade, up 0.07%. Earlier in the day, payroll processing firm ADP … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For September 1, 2011 Posted: 31 Aug 2011 09:24 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract had a very quiet day on Wednesday, as it sits just under the $90 mark. The $90 area is considered to be significant resistance. The closing on the daily chart above this area is needed for us to buy again, but we will not sell. The recent higher lows make sure that we cannot be sellers, and will not do so until we close below the $80 mark. In the meantime, we are buying pullbacks and waiting for $90 to give way to get … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For September 1, 2011 Posted: 31 Aug 2011 09:23 AM PDT By CommoditiesMansion.com   The natural gas markets suddenly shot straight up during the Wednesday session, and on massive volume. The technical picture looks like it could be changing, although the trend is decidedly down. The 15 cent move broke above the $4 mark, and now we have to see if the market can make a new high, at roughly $4.18 or so. If it does, we could go much further to the upside. However, the trend overall is down, so we are waiting to see if we get a bearish signal in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For September 1, 2011 Posted: 31 Aug 2011 09:22 AM PDT By CommoditiesMansion.com   The gold markets fell on Wednesday, but not significantly so. In fact, the fall received a bounce in the later hours of the session, and the resulting candle looks very much like a hammer for the day. The market is certainly bullish, and the problems in the United States with fears of recession, and the European debt issues – gold is a safe haven play in the uncertain environment we find ourselves in. We are still buying on dips – this strategy has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For September 01, 2011 Posted: 31 Aug 2011 03:02 AM PDT By CommoditiesMansion.com Natural gas extended the gains on Wednesday after weather forecasts showed temperatures will be higher than average, which boosted speculations of rising demand for power-plant fuel. Moreover, Tropical Storm Katia strengthened and could be upgraded to a Hurricane, which raised concerns over the outlook for supply from refineries in the Gulf of Mexico, which also added more momentum to natural gas prices. Traders will continue to examine the Tropical Storm Katia, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For September 01, 2011 Posted: 31 Aug 2011 03:01 AM PDT By CommoditiesMansion.com Crude oil prices rose on Wednesday despite the huge rise in crude oil inventories according to the EIA report, which showed crude oil stockpiles increased by 5.3 million barrels well above expectations, nonetheless, crude oil were still higher, as rising speculations of QE3 continued to boost demand for higher yielding assets including crude oil. Traders will be eyeing more data from the U.S. labor market with the weekly jobless claims, in addition to the ISM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For September 01, 2011 Posted: 31 Aug 2011 03:01 AM PDT By CommoditiesMansion.com Gold prices were slightly lower on Wednesday, where rising optimism in markets boosted demand for higher yielding assets, and accordingly, reducing demand for safe assets including gold, which put gold prices under pressure, nonetheless, rising speculations of QE3 put also downside pressure on the U.S. dollar, which limited the losses for gold, since gold is seen as a hedge against a weakening dollar. Traders will be eyeing more data from the U.S. labor market with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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