Sunday, September 4, 2011

DailyMarkets.com - Forex – NZD/USD Weekly Outlook: September 5-9

DailyMarkets.com - Forex – NZD/USD Weekly Outlook: September 5-9

Forex – NZD/USD Weekly Outlook: September 5-9

Posted: 04 Sep 2011 06:41 AM PDT

Forexpros – The New Zealand dollar declined against its U.S. counterpart on Friday, trimming a weekly gain as risk aversion sharpened after government data showed the U.S. economy added zero jobs in August, dampening demand for growth-linked currencies.

NZD/USD hit 0.8571 on Wednesday, the highest since August 4; the pair subsequently consolidated at 0.8475 by close of trade on Friday, adding 0.75% on the week, the second consecutive weekly gain.

The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lepanto Consolidated Mining Company A (LC) To Rise Again

Posted: 04 Sep 2011 06:09 AM PDT

The A shares of Felipe Yap's Lepanto Consolidated Mining Company finally saw a sharp correction after marking a new all-time high just above Php 1.80. With gold now back on the northern track, will LC follow suit?
A combination of LC's removal from the Philippine Composite Index (PCOMP) and a dip in the price of gold hurt both the A and B shares of Lepanto during the last several trading days. Index tracker funds like BPI's Philippine Stock Index Fund (PSIF) and the like are of course … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Weekly Outlook: September 5-9

Posted: 04 Sep 2011 05:57 AM PDT

Forexpros – The Australian dollar fell sharply against its U.S. counterpart on Friday, trimming a weekly gain after a report showing the U.S. economy added zero jobs in August prompted investors to shun riskier assets.

AUD/USD hit 1.0764 on Thursday, the highest since August 4; the pair subsequently consolidated at 1.0642 by close of trade, edging 0.54% higher, the third consecutive weekly gain.

The pair was likely to find short-term support at 1.0558, the low of August 29 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Weekly Outlook: September 5-9

Posted: 04 Sep 2011 04:57 AM PDT

Forexpros – The U.S. dollar rose sharply against its Canadian counterpart on Friday, climbing to a one-week high after a report showing the U.S. economy added zero jobs in August fuelled concerns over the global economic outlook.

USD/CAD hit 0.9856 on Friday, the highest since August 26; the pair subsequently consolidated at 0.9851 by close of trade on Friday, gaining 0.54% on the week.

The pair is likely to find support at 0.9725, the low of August 31 and a three-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures – Weekly Review: August 29 – September 2

Posted: 04 Sep 2011 03:49 AM PDT

Forexpros – Crude oil futures fell sharply on Friday, trimming a weekly gain after a report showing the U.S. economy added zero jobs in August raised concerns over future demand expectations from the world's largest oil consumer.

On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD86.58 a barrel by close of trade on Friday, gaining 1.38% over the week, its second consecutive weekly gain.

The October contract fell as much as 3.6% to trade at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Weekly Outlook: September 5-9

Posted: 04 Sep 2011 03:16 AM PDT

Forexpros – The U.S. dollar ended the week down against the yen on Friday, trading within striking distance of the pair's all-time low, after data showing that the U.S. added no new jobs last month added to expectations for further monetary stimulus by the Federal Reserve.

USD/JPY hit 76.52 on Friday, a two-day low; the pair subsequently consolidated at 76.79 by close of trade on Friday, easing down 0.07% over the week.

The pair is likely to find short-term support at 76.29, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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