Sunday, September 25, 2011

DailyMarkets.com - Forex – EUR/JPY Down In Asian Trade

DailyMarkets.com - Forex – EUR/JPY Down In Asian Trade


Forex – EUR/JPY Down In Asian Trade

Posted: 25 Sep 2011 05:25 PM PDT

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

EUR/JPY was trading at 103.31, down 0.09% at time of writing.

The pair was likely to find support at 102.22, Thursday's low, and resistance at 105.31, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.17% to hit 1.3475 and EUR/GBP falling 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/JPY Up In Asian Trading Hours

Posted: 25 Sep 2011 04:55 PM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Sunday.

GBP/JPY was trading at 118.61, up 0.24% at time of writing.

The pair was likely to find support at 116.85, Thursday's low, and resistance at 120.59, Tuesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.16% to hit 1.5470 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up During The Asian Session

Posted: 25 Sep 2011 04:05 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.5480, up 0.22% at time of writing.

The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5748, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8746 and GBP/JPY rising 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Strength Ahead For The E-Mini NASDAQ 100?

Posted: 25 Sep 2011 03:28 PM PDT

The E-Mini NASDAQ 100 futures contract has endured a string of weakness in recent days, as price dropped nearly 200 points from the September high. However, this contract may be headed higher tomorrow. Here's why..

Confluence of Support
The daily chart of the NQ shows price has responded to an area of the chart that offers an abundance of support for the month of September – 2,110 to 2,130. As a matter of fact, there is a confluence of pivot-based support in this zone, with the monthly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Down On Economic Data

Posted: 25 Sep 2011 03:05 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday after the release of N.Z. data on Trade Balance.

NZD/USD was trading at 0.7730, down 0.37% at time of writing.

The pair was likely to find support at 0.7724, Friday's low, and resistance at 0.8265, Tuesday's high.

Earlier in the day, data showed that New Zealand's trade balance fell more-than-expected to a seasonally adjusted -641M last month from 111M in the preceding month whose figure was revised down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


New Zealand’s Trade Balance Falls More-than-expected

Posted: 25 Sep 2011 03:00 PM PDT

Forexpros – New Zealand's trade balance fell more-than-expected last month, data showed on Sunday.

In a report, Statistics New Zealand said that the trade balance fell to a seasonally adjusted -641M, from 111M in the preceding month whose figure was revised down from 129M.

Analysts had expected the trade balance to fall -321M last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 25 Sep 2011 02:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3521, up 0.17% at time of writing.

The pair was likely to find support at 1.3386, Thursday's low, and resistance at 1.3798, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8734 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily FTSE Technical Update

Posted: 25 Sep 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE 100 finished the week sharply lower, but the trading action on Friday indicates that a short-term bottom may have been reached. Based on the intraday rally after reaching a low of 4928.10, the market may be setting up for further counter-trend upside action, however, the absence of a solid support base leads one to believe that this rally is likely to be only short-covering and will not be indicative of a change in trend.

Based on the recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly Index Update: France 40 (F40)

Posted: 25 Sep 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
When the France 40 (F40) index CFD broke out of its falling wedge chart pattern on the 30-minute chart, it quickly reached its short objective, but even more significant was the fact that the length of the pattern was 209 candlesticks. This leads me to believe that there is more upside potential because usually "the longer the length, the greater the breakout".

This brings me to the chart of the breakout of the channel down chart pattern on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly ASX Update: Graincorp Limited GNC.AX

Posted: 25 Sep 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Graincorp Limited broke through the support line of a channel up chart pattern on the 1440 minute chart, signaling the start of a possible break into the Autochartist downside target zone at 6.78 to 6.38.

The overall quality of this chart pattern is 7-bars. The initial trend which was down at the start of the pattern registered a below average 4-bar rating. The move through the support line makes this break down a continuation trend change. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GBP/JPY Up In Asian Trading Hours

Posted: 25 Sep 2011 06:03 AM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the Japanese Yen on Sunday.
GBP/JPY was trading at 118.61, up 0.24% at time of writing.
The pair was likely to find support at 116.85, Thursday's low, and resistance at 120.59, Tuesday's high.
Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.16% to hit 1.5470 and EUR/GBP falling 0.05% to hit 0.8734.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Indices Update: Germany 30 (DE30)

Posted: 25 Sep 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The Germany 30 (DE30) index CFD mounted a strong comeback rally following a prolonged move in terms of price and time inside of a channel down chart pattern on the 60-minute chart. Not only did the market close several times above the resistance line, but it also closed in a position to challenge a swing top near 5240.84. Although volume and volatility were relatively light on Friday, the close near the high of the day puts this index CFD in a position … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GBP/USD Up During The Asian Session

Posted: 25 Sep 2011 05:32 AM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the U.S. Dollar on Sunday.
GBP/USD was trading at 1.5480, up 0.22% at time of writing.
The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5748, Tuesday's high.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8746 and GBP/JPY rising 0.18% to hit 118.54.
Forexpros

About ForexMansion.com:

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


NZD/USD Down On Economic Data

Posted: 25 Sep 2011 04:32 AM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday after the release of N.Z. data on Trade Balance.
NZD/USD was trading at 0.7730, down 0.37% at time of writing.
The pair was likely to find support at 0.7724, Friday's low, and resistance at 0.8265, Tuesday's high.
Earlier in the day, data showed that New Zealand's trade balance fell more-than-expected to a seasonally adjusted -641M last month from 111M in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Commodities Update: Corn

Posted: 25 Sep 2011 04:01 AM PDT

By ForexMansion.com
By Jonah S. Ford
Corn futures led the grain complex lower on Friday, with the price plunging below the $6.50 a bushel level and settling near the lows. Heavy selling for most of the week has carried the market to its current support level defined by the Channel Down chart pattern shown here on the 15-minute time frame.

Short term price action suggests a possible retracement back to the top of the channel near the $6.50 mark. This would follow the successful retest of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


New Zealand’s Trade Balance Falls More-than-expected

Posted: 25 Sep 2011 04:01 AM PDT

By ForexMansion.com
Forexpros – New Zealand's trade balance fell more-than-expected last month, data showed on Sunday.
In a report, Statistics New Zealand said that the trade balance fell to a seasonally adjusted -641M, from 111M in the preceding month whose figure was revised down from 129M.
Analysts had expected the trade balance to fall -321M last month.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EUR/USD Up During The Asian Session

Posted: 25 Sep 2011 03:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Sunday.
EUR/USD was trading at 1.3521, up 0.17% at time of writing.
The pair was likely to find support at 1.3386, Thursday's low, and resistance at 1.3798, Wednesday's high.
Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8734 and EUR/JPY rising 0.07% to hit 103.47.
Forexpros

About ForexMansion.com:

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


Weekly Commodities Update: Gold

Posted: 25 Sep 2011 03:02 AM PDT

By ForexMansion.com
By Jonah S. Ford
Gold futures made a major reversal during last week's trading as massive fund liquidation sent the entire commodities complex spiraling downward. This weakness is seen as a sympathy move with the global retreat in share prices that have set most stock indices near their lows for the year, combined with fears of a return to recession in Europe and the US.

Gold and the rest of the precious metals sector has been benefitting tremendously throughout the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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