DailyMarkets.com - Forex – EUR/USD Down On Economic Data

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• Forex – EUR/USD Down On Economic Data
• Forex – USD/JPY Down In European Trade
• Euro Zone PPI Rises
• Forex Trading: Eurozone PPI Stays According To Forecast At 6.1% Vs A Prior Number Of 5.9%
• Forex – EUR/USD Down In European Trading Hours
• Forex Trading: Eurozone PPI Data Expected At 5AM
• Swiss Employment Level Falls Unexpectedly
• Forex – USD/CHF Down On Economic Data
• Forex – GBP/USD Up During The European Session
• Forex – EUR/GBP Down During The European Session
• Asian Markets Close Lower; Nikkei Down 1.21%
• Stock Watch List For Friday, Set 02
• Aggressive Growth Stock: CNH Global N.V.
• Momentum Stock: Hibbett Sports, Inc.
• Growth & Income Stock: Targa Resources Partners LP
• Bull Of The Day: Cabela's, Inc. (CAB)
• Bear Of The Day: McDermott International (MDR)
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Forex – Dollar Loses Ground In Mid-day Asian Trade
• Forex – USD/JPY Falls In Mid-day Asian Trade
• Major Sell-Off Ahead For The Dow?
• Asian Stocks Mixed In Early Trade; Nikkei Loses 0.7%
• Crude Oil Eases In Early Asian Trade
• Gold Futures Rise In Early Asian Trade
• Oil Technical Analysis For September 2, 2011
• Natural Gas Technical Analysis For September 2, 2011
• Gold Technical Analysis For September 2, 2011
• Seeds Of A Revolution
• Natural Gas Daily Fundamental Analysis For September 02, 2011
• Gold Daily Fundamental Analysis For September 02, 2011
• Crude Oil Daily Fundamental Analysis For September 02, 2011

Forex – EUR/USD Down On Economic Data Posted: 02 Sep 2011 02:40 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on PPI. EUR/USD was trading at 1.4249, down 0.08% at time of writing. The pair was likely to find support at 1.4209, today's low, and resistance at 1.4549, Monday's high. Earlier in the day, official data showed that Euro zone producer price inflation rose to a seasonally adjusted 0.5% last month from 0.0% in the preceding month. Analysts had expected Euro zone PPI to rise 0.5% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In European Trade Posted: 02 Sep 2011 02:30 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 76.80, down 0.17% at time of writing. The pair was likely to find support at 76.43, Wednesday's low, and resistance at 77.24, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.11% to hit 1.4244 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone PPI Rises Posted: 02 Sep 2011 02:10 AM PDT Forexpros – Euro zone producer price inflation rose last month, official data showed on Friday. In a report, Eurostat said that Euro zone PPI rose to a seasonally adjusted 0.5%, from 0.0% in the preceding month. Analysts had expected Euro zone PPI to rise 0.5% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone PPI Stays According To Forecast At 6.1% Vs A Prior Number Of 5.9% Posted: 02 Sep 2011 02:03 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In European Trading Hours Posted: 02 Sep 2011 01:55 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.4241, down 0.13% at time of writing. The pair was likely to find support at 1.4209, today's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8791 and EUR/JPY falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone PPI Data Expected At 5AM Posted: 02 Sep 2011 01:37 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Employment Level Falls Unexpectedly Posted: 02 Sep 2011 01:25 AM PDT Forexpros – The number of people employed in Switzerland fell unexpectedly in the last quarter, official data showed on Friday. In a report, Federal Statistical Office said that Swiss employment level fell to a seasonally adjusted 2.77M, from 4.11M in the preceding quarter. Analysts had expected Swiss employment level to remain unchanged at 4.11M in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down On Economic Data Posted: 02 Sep 2011 01:25 AM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday after the release of Swiss data on Employment Level. USD/CHF was trading at 0.7856, down 1.25% at time of writing. The pair was likely to find support at 0.7826, today's low, and resistance at 0.8241, Monday's high. Earlier in the day, official data showed that The number of people employed in Switzerland fell unexpectedly to a seasonally adjusted 2.77M in the last quarter from 4.11M in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The European Session Posted: 02 Sep 2011 01:10 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6196, up 0.10% at time of writing. The pair was likely to find support at 1.6132, Thursday's low, and resistance at 1.6454, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8793 and GBP/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The European Session Posted: 02 Sep 2011 12:15 AM PDT Forexpros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8783, down 0.34% at time of writing. The pair was likely to find support at 0.8780, today's low, and resistance at 0.8884, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.29% to hit 1.4218 and EUR/JPY falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Close Lower; Nikkei Down 1.21% Posted: 02 Sep 2011 12:10 AM PDT Forexpros – Asian stocks were down after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index fell 1.21%, Australia's S&P/ASX 200 index shed 1.50%, while Hong Kong's Hang Seng Index was trading 1.36% down. Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.15%, S&P 500 futures pointed to a decrease of 0.21% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Watch List For Friday, Set 02 Posted: 01 Sep 2011 11:13 PM PDT    ( click to enlarge ) Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) – has recovered nicely this week and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $44.05. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. Uptrend firmly and healthy.   ( click to enlarge ) Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) has appeared recently on my blog for a potential move higher. Looking at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: CNH Global N.V. Posted: 01 Sep 2011 11:05 PM PDT CNH Global N.V. (NYSE:CNH) beat estimates and raised guidance in its last quarterly report. Yet shares have continued to sell off. As the appetite for risk increases, bargain hunters should flock to the deeply discounted growth story. CNH is a Zacks #1 Rank (Strong Buy) with an impressive amount of upside potential. Company Description CNH Global N.V. makes agricultural and construction equipment worldwide. The company had 3 segments; Construction Equipment, Agricultural Equipment, and Financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Hibbett Sports, Inc. Posted: 01 Sep 2011 11:05 PM PDT Hibbett Sports, Inc. (NASDAQ:HIBB) has seen big gains over the last year, recently rebounding from some short-term weakness after reporting strong Q2 results that came in ahead of expectations. With estimates on the rise and a bullish growth projection, this Zacks #2 Rank stock is a sporty pick for momentum. Company Description Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets in the United States. The company was founded in 1945 and has a market cap of $1.01 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Targa Resources Partners LP Posted: 01 Sep 2011 11:05 PM PDT Targa Resources Partners LP (NASDAQ:NGLS) has held up well despite the pullback in the stock market since I originally wrote about the stock on June 20. One of the biggest reasons for this is because of its safe, and growing, distribution that yields a juicy 6.6%. Targa, which is a Master Limited Partnership (MLP) operating in the natural gas liquids (NGL) industry, has either raised or held its distribution steady each quarter since going public in 2007, even throughout the Great Recession. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Cabela's, Inc. (CAB) Posted: 01 Sep 2011 11:05 PM PDT Cabela’s Inc.’s (NYSE:CAB) second-quarter 2011 earnings of $0.32 per share beat the Zacks Consensus Estimate of $0.27, and jumped 14.3% from the prior-year quarter. The quarter witnessed healthy revenue growth and profitability at its retail segment, sturdy performance at Cabela’s CLUB Visa program, strong merchandise gross margin and increased market share. Merchandise gross margin expanded 80 basis points to 36.7% during the quarter. Management reiterated its long-term goal of increasing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: McDermott International (MDR) Posted: 01 Sep 2011 11:05 PM PDT Following a second quarter earnings miss, we are downgrading McDermott International (NYSE:MDR) shares to Underperform from Neutral. The company recently reported lower-than-expected EPS for the June quarter, adversely affected by a less favorable geographic mix and weak margins in the Middle East. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has hurt the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 01 Sep 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.4249, down 0.08% at time of writing. The pair was likely to find support at 1.4227, Thursday's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8808 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 01 Sep 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6195, up 0.09% at time of writing. The pair was likely to find support at 1.6132, Thursday's low, and resistance at 1.6454, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8809 and GBP/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Loses Ground In Mid-day Asian Trade Posted: 01 Sep 2011 08:13 PM PDT Forexpros – Forexpros – The U.S. dollar extended losses against its major counterparts in Asian trade Friday, as global investors digested a report showing a two-year low in U.S. manufacturing and with hopes for improvement in jobless data due for release later in the day. In mid-day Asian trade, the greenback was lower against the euro, with EUR/USD rising 0.06% to hit 1.4268. The U.S. Institute of Supply Management reported earlier Thursday, that its index of purchasing managers fell to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Falls In Mid-day Asian Trade Posted: 01 Sep 2011 07:37 PM PDT Forexpros – Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Friday, as Wall Street shares snapped a five day winning streak and U.S. manufacturing fell to its lowest level since July of 2009. In mid-day Asian trade USD/JPY hit 76.97, the pair's highest since Tuesday; the pair subsequently consolidated at 76.86, dropping 0.08%. The pair was likely to find support at 76.31, the low of August 11, and resistance at 77.24, Thursday's high. Earlier Thursday, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Major Sell-Off Ahead For The Dow? Posted: 01 Sep 2011 07:27 PM PDT The mini-sized Dow futures contract is beginning to show signs of impending weakness. Here's why the Dow could drop several hundred points in the days ahead.. Quarterly VWAP Resistance The daily chart of the YM futures contract shows price has tested quarterly VWAP the last two days, without being able to close beyond this powerful area of resistance. The quarterly VWAP indicator begins its calculation on the first day of a new calendar quarter (July in this instance) and finishes on the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Stocks Mixed In Early Trade; Nikkei Loses 0.7% Posted: 01 Sep 2011 07:01 PM PDT Forexpros – Forexpros – Asian stocks were mixed in Friday trade, with technology and export shares turning in uneven performances following the overnight downturn on Wall Street. During early Asian trade, Hong Kong's Hang Seng Index was up 0.25% to 20,585.30, Japan's Nikkei 225 Index fell 0.7% to 8,999.91, Australia's S&P/ASX 200 dropped 0.65% to 4,281.69, and South Korea's Kospi Index added 0.34% to 1,887.07. Along with the Nikkei, the broader-based Topix Index of all issues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Eases In Early Asian Trade Posted: 01 Sep 2011 06:11 PM PDT Forexpros – Forexpros – Crude oil futures declined in Asian trade Friday, following the release of U.S. economic data showing manufacturing slowed less than anticipated but still fell to its lowest level since July 2009. On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD88.70 a barrel during early Asian trade, falling 0.08%, after hitting a daily high of USD88.93. The U.S. Institute of Supply Management reported earlier Thursday, that its index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Rise In Early Asian Trade Posted: 01 Sep 2011 05:27 PM PDT Forexpros – Forexpros – Gold futures staked out gains in Asian trade Friday, bouncing from session lows following the release of an industry report showing U.S. manufacturing activity contracted at a slower rate than market expectations. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,826.85 a troy ounce during early Asian trade, up 0.11%. Earlier Thursday, the U.S. Institute of Supply Management reported that its index of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For September 2, 2011 Posted: 01 Sep 2011 11:15 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract had a very, very quiet day on Thursday, as traders are more than likely waiting for the Friday Non-Farm Payroll announcement. The jobs market is absolutely the key to an economic recovery in the USA. The markets are waiting to see if we can get a boost in employment. Until then, the oil markets will more than likely be quiet. The $90 level just above is a major resistance area, and if we can close above that level, we should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For September 2, 2011 Posted: 01 Sep 2011 11:13 AM PDT By CommoditiesMansion.com   The natural gas markets had a back-and-forth day on Thursday as the market approached the all-important $4.10 area. This area will be significant resistance, and needs to be overcome for even the slightest hint of a bullish run. The set up is easy, as the candle formed on Thursday was a doji. Essentially, the doji is traded on a break of either the high or low, and trading with the momentum. We would certainly prefer selling at the breaking of the Thursday … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For September 2, 2011 Posted: 01 Sep 2011 11:12 AM PDT By CommoditiesMansion.com   The gold markets were very quiet on Thursday, and basically sat still. The range wasn't even $10, but many of you may not know that is actually how this market normally functions! The bullish nature of this market cannot be understated, and as such we only buy. We are waiting for pullbacks to get involved. The Non-Farm Payroll announcement will certain affect the market, so taking a position before then isn't necessarily prudent. We like buying … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Seeds Of A Revolution Posted: 01 Sep 2011 05:45 AM PDT I have written extensively about the widening income gap between the rich and poor in America. For examples, see: Which is more elitist? France or America? It’s a Class War, Stupid! The Fed’s (inadvertent) role in the class war A number of mainstream figures have jumped on that bandwagon. Consider this article from the Washington Post from June that decried the filthy rich: It was the 1970s, and the chief executive of a leading U.S. dairy company, Kenneth J. Douglas, lived the good life. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For September 02, 2011 Posted: 01 Sep 2011 12:01 AM PDT By CommoditiesMansion.com Natural gas prices fell on Thursday after the EIA report showed natural gas stockpiles rose below expectations, where natural gas stockpiles increased by 55 billion cubic feet, slightly below the expected increase of 60 BCF, and compared with the prior rise of 73 BCF. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For September 02, 2011 Posted: 01 Sep 2011 12:00 AM PDT By CommoditiesMansion.com Gold prices were slightly lower on Thursday, 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

Crude Oil Daily Fundamental Analysis For September 02, 2011 Posted: 01 Sep 2011 12:00 AM PDT By CommoditiesMansion.com Crude oil prices rose on Thursday after the U.S. economy released its ISM Manufacturing report, where manufacturing activities eased better than median estimates in August, nonetheless, crude oil were still higher, as rising speculations of QE3 continued to boost demand for risky investments including crude oil. Traders will be eyeing more data from the U.S. labor market with the jobs report, and if the data signals more weakness, traders are likely to increase their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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