Sunday, September 25, 2011

DailyMarkets.com - Forex – NZD/USD Weekly Outlook: September 26-30

DailyMarkets.com - Forex – NZD/USD Weekly Outlook: September 26-30

Forex – NZD/USD Weekly Outlook: September 26-30

Posted: 25 Sep 2011 06:53 AM PDT

Forexpros – Last week saw the New Zealand dollar plunge to a five-month low against its U.S. counterpart, amid mounting concerns over the global economy and after disappointing domestic GDP data reduced expectations for a near-term rate hike by the Reserve Bank of New Zealand.

NZD/USD hit 0.7723 on Friday, the lowest since April 6; the pair subsequently consolidated at 0.7761 by close of trade on Friday, plummeting 5.8% over the week, the biggest weekly drop since January 2009.

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

Forex – AUD/USD Weekly Outlook: September 26-30

Posted: 25 Sep 2011 06:19 AM PDT

Forexpros – Last week saw the Australian dollar tumble to a nine-month low against its U.S. counterpart, falling below parity as mounting fears that the global economy was slipping back into recession reduced the appeal of growth-linked currencies.

AUD/USD hit 0.9677 on Friday, the lowest since December 2, 2010; the pair subsequently consolidated at 0.9776 by close of trade on Friday, plunging 5.05% on the week, the biggest weekly drop since May 2010.

The pair was likely to find short-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Weekly Outlook: September 26-30

Posted: 25 Sep 2011 05:42 AM PDT

Forexpros – Last week saw the U.S. dollar surge to an 11-month high against its Canadian counterpart, climbing above parity as mounting concerns over the global economic outlook prompted investors to shun riskier assets.

USD/CAD hit 1.0360 on Thursday, the highest since October 19, 2010; the pair subsequently consolidated at 1.0277 by close of trade on Friday, tumbling 4.52% on the week, the biggest weekly drop since October 2008.

The pair is likely to find support at 1.0051, Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swing Trade Idea, MacDs

Posted: 25 Sep 2011 05:11 AM PDT

This chart is very strong, the current Wyckoff markup phase has held up better than any other stock within the SP500.

Macdonalds is a buy if a sell off does not go too far past $84. Bad news from Europe could send this stock lower a few more points, allowing swing traders to enter at great prices. One to watch this week.

Of course we encourage members to check the alpha and gann angle status before making any investment decision.

Swing trade found via readtheticker.com swing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBPUSD: Bearishness Momentum Extends, Targets Further Lower Prices

Posted: 24 Sep 2011 08:03 PM PDT

By ForexMansion.com
GBPUSD: A strong sell off has seen the pair followed through lower the past week and opened the door further weakness in the new week. In such a case, the 1.5344/26 levels will be targeted with a breach setting the stage for further declines towards the 1.5296 level, its Sept'2011 low and then the 1.5122 level, its July 18'2011 low. Further down, support lies at 1.5000 level, its psycho level. Its weekly RSI is bearish and pointing lower suggesting further weakness. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Weekly Outlook: September 26-30

Posted: 24 Sep 2011 08:02 PM PDT

By ForexMansion.com
Forexpros – Last week saw the New Zealand dollar plunge to a five-month low against its U.S. counterpart, amid mounting concerns over the global economy and after disappointing domestic GDP data reduced expectations for a near-term rate hike by the Reserve Bank of New Zealand.
NZD/USD hit 0.7723 on Friday, the lowest since April 6; the pair subsequently consolidated at 0.7761 by close of trade on Friday, plummeting 5.8% over the week, the biggest weekly drop since January … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Weekly Outlook: September 26-30

Posted: 24 Sep 2011 07:32 PM PDT

By ForexMansion.com
Forexpros – Last week saw the Australian dollar tumble to a nine-month low against its U.S. counterpart, falling below parity as mounting fears that the global economy was slipping back into recession reduced the appeal of growth-linked currencies.
AUD/USD hit 0.9677 on Friday, the lowest since December 2, 2010; the pair subsequently consolidated at 0.9776 by close of trade on Friday, plunging 5.05% on the week, the biggest weekly drop since May 2010.
The pair was likely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Weekly Outlook: September 26-30

Posted: 24 Sep 2011 07:03 PM PDT

By ForexMansion.com
Forexpros – Last week saw the U.S. dollar surge to an 11-month high against its Canadian counterpart, climbing above parity as mounting concerns over the global economic outlook prompted investors to shun riskier assets.
USD/CAD hit 1.0360 on Thursday, the highest since October 19, 2010; the pair subsequently consolidated at 1.0277 by close of trade on Friday, tumbling 4.52% on the week, the biggest weekly drop since October 2008.
The pair is likely to find support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Correction Or U-Turn On The Market?

Posted: 24 Sep 2011 05:50 PM PDT

By ForexMansion.com
In morning trading in Europe today, stock indices bounced back from a two-year low after the G-20 countries pledged to provide a "firm and coordinated" answer to the problems facing the world economy. American futures garnered support while Asian stocks fell.
Adidas AG (ADS) went up 2.9% after its main competitor Nike Inc surpassed its predicted annual sales and reported that the company's profit exceeded estimates. The Rio Tinto Group nevertheless took a fall among … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures – Weekly Review: September 19-23

Posted: 24 Sep 2011 05:32 PM PDT

By ForexMansion.com
Forexpros – Crude oil futures fell to a six-week low on Friday, settling below the psychologically-important USD80-a-barrel level as mounting concerns over the outlook for global economic growth prompted investors to dump riskier assets.
On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD79.98 a barrel by close of trade on Friday, plunging 8.85% over the week, its biggest weekly drop since early May.
The November contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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