Monday, September 26, 2011

DailyMarkets.com - Forex Trading: USD/SGD Probes 50% Retracement Level

DailyMarkets.com - Forex Trading: USD/SGD Probes 50% Retracement Level

Forex Trading: USD/SGD Probes 50% Retracement Level

Posted: 26 Sep 2011 05:35 PM PDT

The USDSGD pair probed the 50% retracement of the move lower from the early part of the summer last week and began this week with a move toward that level. The 100 week mavg is waiting above the 50% level which has defended the US Dollars appreciation since August of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Rising As China Slows

Posted: 26 Sep 2011 05:32 PM PDT

Even as the US has pressured the Chinese government to allow market forces to move the USD lower against the CNH, the slowdown and possible economic bubble implications becoming visible in China and their contracting PMI has changed the situation. On the chart below we see the USDCNH momentarily moving through January levels before pulling back and trading below the 200 day moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 26 Sep 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3520, down 0.10% at time of writing.

The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8691 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Holiday Retail Sales Point To Modest Growth

Posted: 26 Sep 2011 03:58 PM PDT

09/26/11 The 2011 holiday shopping season may not be as bright and cheery as the previous year. The latest ICSC and Shoppertrak data point to careful spending amongst American … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BBC, Debt Crisis Will Grow Like A Cancer, Its Too Late To Stop It.

Posted: 26 Sep 2011 03:50 PM PDT

In an interview on BBC News this morning Alessio Rastani (independent trader) outlines in mere minutes what we all know and most ignore.

While the whole interview is worth watching, the money shot was “This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!”.

REF: BBC

Points
- Learn how to protect your assets
- Euro will crash
- Safe assets are getting the bid, USD and US Bonds
- Learn how … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bought More NUGT – $30.00

Posted: 26 Sep 2011 03:41 PM PDT

I bought an additional position in Direxion Gold Miners Bull 2X ETF (NUGT) today at $30.00. I continue to believe there will be a modest rebound in these shares.

My TSI trading record has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ConAgra Ups Dividend Rate

Posted: 26 Sep 2011 03:35 PM PDT

After reporting below-than-expected first quarter 2012 results, Omaha-based food giant, ConAgra Foods Inc. (NYSE:CAG) tried to please its shareholders by announcing an increase in its quarterly dividend rate.
The company announced a cent increase in its quarterly dividend rate, which now stands at 24 cents compared with 23 cents earlier. Subsequent to the hike, the annualized dividend rate comes to 96 cents per common share of the company and will be first paid on December 1, 2011 to shareholders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 26 Sep 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7789, down 0.17% at time of writing.

The pair was likely to find support at 0.7638, today's low, and resistance at 0.8238, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.07% to hit 1.2597 and EUR/NZD rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conference Board’s Consumer Confidence, S&P Case-shiller Home Price Index, Richmond Fed Manufacturing Index, Earnings – Walgreens; German Retail Sales

Posted: 26 Sep 2011 03:20 PM PDT

09/26/11 The Conference Board’s consumer confidence data will be closely watched after August’s figure tumbled to the lowest since late … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southern California Survives Strike

Posted: 26 Sep 2011 03:03 PM PDT

Southern California, which is one of the most competitive food retailing markets in the United States, recently witnessed a withdrawal of a 141 workers' strike after the United Food and Commercial Workers union arbitrated in settling a long-standing dispute between the workers and three retail giants in the region, namely Ralphs stores, Vons and Albertsons.
Ralphs stores are operated by Kroger Co (NYSE:KR), Vons is owned by Safeway Inc (NYSE:SWY) and Albertsons’ parent company is Supervalu Inc … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Unicom Beats 3G Goal

Posted: 26 Sep 2011 03:03 PM PDT

China’s second largest mobile operator China Unicom (NYSE:CHU) added 2.36 million subscribers in August, up 1.28% from the prior month. This takes the company's total customer base to 186.1 million.
The company's GSM subscriber base expanded to 158.23 million with the net addition of 0.23 million customers, while its 3G subscriber base increased to 27.87 million with the net addition of 2.05 million. 3G subscriber addition was higher in August than 1.87 million in July.
With the rise in 3G … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CACI To Buy Advanced Programs LLC

Posted: 26 Sep 2011 03:03 PM PDT

CACI International Inc (CACI) recently announced that it has signed a definitive agreement to acquire Advanced Programs Group, LLC.
Headquartered in Reston, Virginia and founded in 2004, Advanced Programs Group (APG) currently employs 110 people.
APG's services include Oracle e-Business Suite (EBS) implementations, IT program management, enterprise architecture, and security services.
Advanced Programs Group (APG) provided Oracle e-business services in the federal market. APG manages the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coke, Pepsi On Board With S&W Seed Co.

Posted: 26 Sep 2011 03:03 PM PDT

S&W Seed Company. Stevia harvested, Coke and Pepsi on board.
Ian Gilson, CFA

The company has announced that the first crop of stevia leaf has been harvested and is drying prior to shipment to PureCircle. In that report S&W Seed (SANW) quoted industry sources as projecting a stevia penetration of the sweetener market at 20 to 25% and that stevia has exceeded $500 million in annual revenue and could exceed billions of dollars a year.

A report on the internet stated that Coke and Pepsi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UDR Pays Uninterrupted Dividend

Posted: 26 Sep 2011 03:03 PM PDT

UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently announced a quarterly dividend of 20 cents per share for the third quarter of 2011, payable in cash on October 31, 2011 to shareholders of record as on October 14, 2011. The recent dividend payout will be the 156th consecutive quarterly dividend paid by the company.
UDR had earlier increased its dividend in the second quarter of 2011 from 18.5 cents to 20 cents. UDR is among a select group of companies who … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Watch List For Tuesday, September 27

Posted: 26 Sep 2011 02:50 PM PDT

( click to enlarge )
Traders,

I would like to congratulate all of my subscribers that profited from my latest biotech pick, MELA  !! Shares of MELA Sciences, Inc. (NASDAQ:MELA) surged 55% to $4.93 per share after the company announced that the U.S. Food and Drug Administration (FDA) has issued an Approvable Letter for the MelaFind Pre-Market Approval (PMA) application. Last week I projected an upside coming for the stock after see strong signs of accumulation. MELA was very good to me today ! … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DCT Industrial Leases In California

Posted: 26 Sep 2011 02:35 PM PDT

DCT Industrial Trust Inc (NYSE:DCT) recently announced that it has leased a 505,000 square foot property named Building 1 at Southern California Logistics Airport (SCLA) in the Inland Empire submarket of Southern California.
In May 2011, the company signed a ten-year lease for Building 1, which spans 495,000 square feet with a Fortune 100 manufacturing company.  Both the tenants of Building 1 are expected to occupy the building by the fourth quarter of 2011. The concerned property is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aetna Unveils Share Buyback Plan

Posted: 26 Sep 2011 02:30 PM PDT

Health insurer Aetna Inc. (NYSE:AET) has unveiled a plan to buy back an additional $750 million of its common stock over time.  This will boost the company's repurchase authorization to $1.06 billion. Concurrently, the company also declared a regular quarterly dividend payment of 15 cents per share.
Stronger financial performance by the Hartford, Connecticut-based insurer for the past several quarters has given it a growing supply of cash to spend on share buybacks, dividend payment and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Economy “Twisting” In The Wind

Posted: 26 Sep 2011 02:30 PM PDT

The attention now shifts to the third quarter earnings picture. We just have 15, or 3.0% of the S&P 500 firms reporting so far, so it is way too early draw any firm conclusions. The year-over-year growth rate for the S&P 500 is 13.9%, way off the 27.9% pace those same 15 firms posted in the second quarter.

Of far more importance are the expectations for the 485 who have yet to report. Growth for them is expected to slow just slightly, to 9.97% over the third quarter of 2010, down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Campbell To Underperform

Posted: 26 Sep 2011 02:30 PM PDT

We have currently downgraded our long-term recommendation on Campbell Soup Company (NYSE:CPB) to Underperform from Neutral.
Campbell is consistently losing its share in the soup category due to the company’s recent price hike actions in this category. Competitors have not yet followed Campbell’s price hike action. Consequently, price gap with other players has widened and hence store brand market share is speeding up in both condensed and ready-to-serve segments.
Moreover, demand for canned soup … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Gets Order Under TEAMS Contract

Posted: 26 Sep 2011 02:30 PM PDT

General Dynamics Information Technology, a business unit of General Dynamics Corporation (NYSE:GD), has received a task order worth $14.3 million from TRICARE Management Activity ("TMA").
Per the TRICARE Evaluation, Analysis and Management Support ("TEAMS") contract, the company will provide program management services to the Defense and Veterans Brain Injury Center ("DVBIC").
DVBIC is the primary traumatic brain injury component of the Defense Centers of Excellence for Psychological … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Twin Bank Failures Take Count To 73

Posted: 26 Sep 2011 02:05 PM PDT

After a week's pause, U.S. regulators were back in action. The sector saw a couple of banks topple in Virginia and California last week. This brings the total number of U.S. bank failures to 73 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of a few large banks have been stabilizing on the back of an economic recovery, the industry is still struggling to survive. Nagging issues like rock-bottom home prices along with still-high loan defaults and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Target Completes Canadian Voyage

Posted: 26 Sep 2011 02:05 PM PDT

Target Corporation. (NYSE:TGT) recently stated that it has completed its earlier announced leasehold transactions with Zellers stores, owned by Hudson’s Bay Company.
Earlier in January, Target, in its first voyage outside U.S., announced its campaign to expand into Canada by acquiring leases for 220 Zellers stores by paying C$1.825 billion in two equal installments. 
In May, while paying the first installment, Target selected an initial group of 105 leases for target stores or to transfer the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘That Is How Recessions Are Born’

Posted: 26 Sep 2011 02:03 PM PDT

Although the shares of retailers and other U.S.-listed companies whose fortunes depend on the consumer continue to outpace the broad equity market — suggesting that the “smart money” is betting on a consumer revival — Americans are not playing along. Based on the  following report, it looks like they are maintaining an even tighter grip on their wallets and pocketbooks than they were previously.
“Survey: 40 Percent Have Cut Back Their Spending” (News & Observer)
Almost half of us … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Rallies More Than 272 Points On Positive Developments In The Eurozone

Posted: 26 Sep 2011 02:00 PM PDT

09/26/11 NYFP’s Closing Bell Market Monitor: The Big Board rose more than 272 points to start a new trading week led mostly by positive developments and speculation out of the eurozone on hopes of rescue plans and rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 26 Sep 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

EUR/USD was trading at 1.3527, up 0.21% at time of writing.

The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 26 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on New Home Sales.

USD/JPY was trading at 76.44, down 0.20% at time of writing.

The pair was likely to find support at 76.11, Thursday's low, and resistance at 76.93, Thursday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford, GM See 5% Growth In China

Posted: 26 Sep 2011 01:35 PM PDT

Both Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM) have predicted that automobile sales in China will grow about 5% in 2011. GM revealed that total vehicle sales would reach 19 million–19.2 million units for the full year.
Automobile sales in China were adversely affected by the expiration of tax incentives for small cars and subsidies for van buyers in rural areas as well as restrictions on new car registrations in Beijing and other cities. As a result, sales grew 3.3% on a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EIA Natural Gas Data In-Line

Posted: 26 Sep 2011 01:35 PM PDT

The U.S. Energy Department’s weekly inventory release showed a build-up in natural gas supplies towards the lower end of expectations. However, the increase in storage was still well above the 5-year average rate, as benign fall temperatures continue to restrict the commodity's demand for power burn amid robust production.  
The Weekly Natural Gas Storage Report — brought out by the Energy Information Administration (EIA) every Thursday since 2002 — includes updates on natural gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enzon Plans A 50% Workforce Cut

Posted: 26 Sep 2011 01:35 PM PDT

Enzon Pharmaceuticals (NASDAQ:ENZN) recently announced that it will reduce its workforce by almost half to better align its resources with much tempered pipeline activities. The research and development pipeline at Enzon was reduced drastically in the last few months.
During the second quarter, Enzon announced that it will no longer develop three messenger ribonucleic acid (mRNA) antagonists utilizing the LNA technology and returned the rights to Santaris. The mRNA antagonists, all of which were in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Drill, Drill, Drill = Jobs, Jobs, Jobs In Michigan

Posted: 26 Sep 2011 01:25 PM PDT

From my editorial in yesterday’s Detroit Free Press: 

Amid all of the bad economic news nationally, there is an economic bright spot: One U.S. state is booming like never before. In North Dakota, the unemployment rate was an astoundingly low 3.3% in July; it hasn't been that low at the national level since 1953. At a time when other states are facing declining revenues and budget deficits, North Dakota's tax revenues are soaring, and it has a $1-billion surplus. In May, the state … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 26 Sep 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

EUR/USD was trading at 1.3512, up 0.10% at time of writing.

The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 2.59%

Posted: 26 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 2.59%, the S&P 500 index gained 2.33%, while the Nasdaq 100 index climbed 1.24%.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was revised up from 298K.

Analysts had expected new home sales to fall to 293K … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3M Joins Kraft For Quality Food

Posted: 26 Sep 2011 01:00 PM PDT

3M Food Safety, a division of 3M Company (NYSE:MMM), introduced a new test for Lactic Acid Bacteria, called the Aerobic Procedure. In this test, a special combination of the 3MTM Petrifilm TM Aerobic Count Plate, a pH indicator and MRS (deMan, Rogosa and Sharpe) media is mixed with food and environmental samples to count the presence of lactic acid bacteria.
The procedure has been developed by 3M together with Kraft Foods (NYSE:KFT), headquartered in Northfield, IL, USA. The two companies have a long … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wells Fargo Invests In Solar Energy

Posted: 26 Sep 2011 01:00 PM PDT

Last week, Wells Fargo & Company (NYSE:WFC) announced to finance for the operation of 53.5 megawatt (MW) photovoltaic solar power project of Sun Edison in New Mexico. The project includes five solar power plants, while three plants will be activated in the installation phase.
The remaining two plants are anticipated to be in operation before the end of 2011. For the installation phase, Wells Fargo has already provided more than $200 million.
Wells Fargo's foray into the renewable energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The U.S. Session

Posted: 26 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

GBP/USD was trading at 1.5558, up 0.72% at time of writing.

The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5741, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smith & Nephew Launches Simulator

Posted: 26 Sep 2011 12:35 PM PDT

Leading medical devices maker Smith & Nephew (NYSE:SNN) strengthened its portfolio with the launch of Truclear Sim Morcellation Simulator. The device, showcased at a conference in London, during September 21-24, is intended for training gynecologists who perform hysteroscopic morcellation, a procedure to remove intrauterine polyps and fibroids. It is estimated that more than 1 million women in 2011 will require treatment for abnormal uterine bleeding.
Management is confident that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Superconductor Offers Outlook

Posted: 26 Sep 2011 12:35 PM PDT

Global power technologies company, American Superconductor Corporation (NASDAQ:AMSC) has reported losses for fiscal year 2010 ended March 31, 2011, and the first quarter of fiscal year 2011 ended June 30, 2011. The company’s fiscal 2010 results include previously announced restatements of results for the second and third quarters of fiscal 2010.
The company has filed its Annual Report on Form 10-K for the year ended March 31, 2011 and its Quarterly Report on Form 10-Q for the quarter ended June 30, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours

Posted: 26 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday after the release of U.S. data on New Home Sales.

USD/CHF was trading at 0.9033, down 0.28% at time of writing.

The pair was likely to find support at 0.8858, Wednesday's low, and resistance at 0.9183, Thursday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 26 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on New Home Sales.

USD/CAD was trading at 1.0317, up 0.34% at time of writing.

The pair was likely to find support at 0.9918, Wednesday's low, and resistance at 1.0386, today's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Management A “Top Performer”

Posted: 26 Sep 2011 12:05 PM PDT

Health Management Associates (NYSE:HMA), a leading operator of general acute care hospitals, recently revealed that 35 of its hospitals were selected as Top Performers on Key Quality Measures. This is as per a report issued by The Joint Commission, which is a prominent accreditor of health care bodies. The Health Management institutions were honored by The Joint Commission using data from evidence-based clinical procedures demonstrating enhanced care for health problems such as pneumonia and heart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Opens At St. Louis

Posted: 26 Sep 2011 12:05 PM PDT

Nordstrom Inc. (NYSE:JWN), a leading fashion specialty retailer, announced the opening of a new 144,000 square feet store in St. Louis at Saint Louis Galleria. The company's second store in the St. Louis market will offer a wide range of clothing, accessories, shoes and cosmetics.
The customers can avail of a wide variety of quality, designer and luxury fashion brands at one store. In the designer brands category the customers have a choice in ready-to-wear garments from Donna Karan, Michael … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 26 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

EUR/USD was trading at 1.3446, down 0.38% at time of writing.

The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Australia 200 (AUS200)

Posted: 26 Sep 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The AUS200 index CFD broke out through the resistance line of a triangle chart pattern, setting up a possible rally into the Autochartist target zone identified as 3992.11 to 4043.37. The almost perfectly formed triangle has no doubt drawn the attention of traders given the size of the candlestick at the breakout point. This indicates that strong buying power may be behind this rally.

The overall chart pattern is an above average 7-bars. The initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 26 Sep 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The question traders have to be asking themselves is "how long is the FTSE going to remain in its elongated trading range?"  Based on the July 8 top at 6084.10 to the August 9 bottom at 4791.00, the FTSE has remained in this huge range for close to three months. Bullish traders may be reading this rangebound trade as an accumulation pattern, but bearish traders are calling it distribution. The fact that the index is trading below the mid-point … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down During The Asian Session

Posted: 26 Sep 2011 05:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday.
EUR/USD was trading at 1.3520, down 0.10% at time of writing.
The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8691 and EUR/JPY falling 0.07% to hit 103.27.
Forexpros

About ForexMansion.com:

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

The Trend Trader For ETF Trading On Tuesday, September 27, 2011

Posted: 26 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, September 27, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
109.98
− 0.23
110.45
110.44

Bearish

BND – Vanguard Total Bond Market ETF
83.79
− 0.31
84.14
84.14

Bearish

DBC – DB Commodity Index Tracking Fd
26.64
+ 0.34
26.74
27.25

Bearish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Down In Asian Trade

Posted: 26 Sep 2011 05:05 AM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.
NZD/USD was trading at 0.7789, down 0.17% at time of writing.
The pair was likely to find support at 0.7638, today's low, and resistance at 0.8238, Wednesday's high.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.07% to hit 1.2597 and EUR/NZD rising 0.01% to hit 1.7350.
Forexpros

About ForexMansion.com:

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

The Trend Trader For Forex Trading On Tuesday, September 27, 2011

Posted: 26 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, September 27, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9831
+ 0.49
0.9791
0.9922

Neutral

EURUSD – Euro / US Dollar
1.3531
+ 0.25
1.3486
1.3559

Neutral

GBPUSD – British Pound / US Dollar
1.5561
+ 0.78
1.5446
1.5508

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0249
− 0.27
1.0270
1.0148

Neutral

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, September 27, 2011

Posted: 26 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, September 27, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1158.50
+ 2.54
1131.83
1150.33

Bullish

Dow Jones – Dec YMZ1
10972
+ 2.52
10730
10896

Bullish

Nasdaq – Dec NQZ1
2226.00
+ 1.09
2191.39
2226.33

Neutral

Russell – Dec TFZ1
661.90
+ 2.02
647.76
662.27

Neutral

INTEREST RATES

US T-Bond – Dec ZBZ1
142-28
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, September 27, 2011

Posted: 26 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, September 27, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.45
+ 3.77
10.18
10.59

Neutral

AXP – American Express Company
47.56
+ 2.39
46.70
47.46

Bullish

BA – Boeing Co
62.01
+ 4.20
59.72
60.56

Bullish

BAC – Bank of America Corporation
6.60
+ 4.60
6.29
6.46

Bullish

CAT – Caterpillar Inc
76.85
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Down Toward The End Of U.S. Session

Posted: 26 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on New Home Sales.
USD/JPY was trading at 76.44, down 0.20% at time of writing.
The pair was likely to find support at 76.11, Thursday's low, and resistance at 76.93, Thursday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up At The End Of U.S. Session

Posted: 26 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.
EUR/USD was trading at 1.3527, up 0.21% at time of writing.
The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Treasury Bonds

Posted: 26 Sep 2011 02:32 AM PDT

By ForexMansion.com
By Jonah S. Ford
US Treasury bonds pulled back from near-record highs in Monday's trading session as the stock market stabilized. T-bonds have been surging higher on a flight to quality away from assets deemed less safe, driving prices up as yield fall to lows not seen since the financial crisis of late 2008.

The most recent high in the nearby T-bond futures eclipsed the 145.00 price handle to test the upper boundary of a massive Channel Up chart pattern, shown here on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 2.59%

Posted: 26 Sep 2011 02:32 AM PDT

By ForexMansion.com
Forexpros – U.S. stocks were up after the closing bell on Monday.
At the close of U.S. trade, the Dow Jones Industrial Average rose 2.59%, the S&P 500 index gained 2.33%, while the Nasdaq 100 index climbed 1.24%.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was revised up from 298K.
Analysts had expected new home … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up Toward The End Of U.S. Session

Posted: 26 Sep 2011 02:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.
EUR/USD was trading at 1.3512, up 0.10% at time of writing.
The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Up During The U.S. Session

Posted: 26 Sep 2011 02:03 AM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.
GBP/USD was trading at 1.5558, up 0.72% at time of writing.
The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5741, Wednesday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CHF Down In U.S. Trading Hours

Posted: 26 Sep 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday after the release of U.S. data on New Home Sales.
USD/CHF was trading at 0.9033, down 0.28% at time of writing.
The pair was likely to find support at 0.8858, Wednesday's low, and resistance at 0.9183, Thursday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Up In U.S. Trade

Posted: 26 Sep 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on New Home Sales.
USD/CAD was trading at 1.0317, up 0.34% at time of writing.
The pair was likely to find support at 0.9918, Wednesday's low, and resistance at 1.0386, today's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down In U.S. Trading Hours

Posted: 26 Sep 2011 01:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.
EUR/USD was trading at 1.3446, down 0.38% at time of writing.
The pair was likely to find support at 1.3364, today's low, and resistance at 1.3798, Wednesday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Down In U.S. Trade

Posted: 26 Sep 2011 12:32 AM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.
AUD/USD was trading at 0.9744, down 0.36% at time of writing.
The pair was likely to find support at 0.9622, today's low, and resistance at 1.0292, Wednesday's high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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