Monday, September 5, 2011

DailyMarkets.com - Forex – USD/CHF Slips As Growth Fears Weigh On Risk Appetite

DailyMarkets.com - Forex – USD/CHF Slips As Growth Fears Weigh On Risk Appetite

Forex – USD/CHF Slips As Growth Fears Weigh On Risk Appetite

Posted: 05 Sep 2011 03:12 AM PDT

Forexpros – The U.S. dollar slipped against the Swiss franc on Monday, as a combination of concerns over the outlook for global growth and ongoing worries over the euro zone sovereign debt crisis weighed on risk appetite.

USD/CHF hit 0.7840 during European morning trade, the daily low; the pair subsequently consolidated at 0.7867, shedding 0.19%.

The pair was likely to find support at 0.7710, last Friday's low and resistance at 0.7959, the high of the same day.

Data on Friday, showing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Lower Amid Euro Zone Debt Crisis Fears

Posted: 05 Sep 2011 02:50 AM PDT

Forexpros – The euro remained lower against the pound on Monday, despite data showing that service sector activity in the U.K. posted the biggest drop in more than a decade in August, as concerns over the region's debt crisis weighed.

EUR/GBP hit 0.8738 during European morning trade, the pair's lowest since August 24; the pair subsequently consolidated at 0.8750, slipping 0.11%.

The pair was likely to find support at 0.8700, the low of August 23 and resistance at 0.8820, last Friday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Sinks With Stock Markets, Gold Outlook Favors Gains

Posted: 05 Sep 2011 02:41 AM PDT

Talking Points

Crude Oil Sinks with Stocks as Merkel's CDU Loses State Election
Gold Near Term Outlook Favors Gains Regardless of Risk Trends

WTI Crude Oil (NY Close): $86.45 // -2.48 // -2.79%
Crude oil are under pressure along with the spectrum of sentiment-driven assets as European shares sink, following the defensive tone noted in Asia where downward pressure after Friday's dismal US jobs report was compounded by news that German Chancellor Angela Merkel's CDU party suffered its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Stocks Plunge As Financials Fall Sharply; DAX Falls 3.1%

Posted: 05 Sep 2011 02:20 AM PDT

Forexpros – European stock markets were down sharply on Monday, as a combination of fears over the outlook for U.S. growth and concerns that the euro zone's debt crisis is worsening prompted investors to shun riskier assets.

During European morning trade, the EURO STOXX 50 plunged 3.2%, France's CAC 40 sank 3.4%, while Germany's DAX 30 tumbled 3.1%.

Concerns that the global economic recovery is losing momentum were underlined on Friday, after the Department of Labor said U.S. non-farm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone Retail Sales (July) 0.2% Vs. 0.0% Expected.

Posted: 05 Sep 2011 02:19 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Retail Sales Rise More-than-expected In July

Posted: 05 Sep 2011 02:04 AM PDT

Forexpros – Retail sales in the euro zone rose more-than-expected in July, official data showed on Monday.

In a report, Eurostat said retail sales rose by a seasonally adjusted 0.2% in July, above expectations for a 0.1% increase.

June's figure was revised down to a 0.7% gain from a previously reported 0.9% increase.

Year-over-year, retail sales in the euro zone fell at an annualized rate of 0.2% in July, after dropping at a rate of 0.7% in June, better-than-expectations for a 1.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals On Global Outlook Fears

Posted: 05 Sep 2011 01:46 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Monday, after Friday's bleak U.S. jobs data and ongoing concerns over the debt crisis in the euro zone prompted investors to dump riskier assets.

During European morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.42% to hit 1.4144.

German Chancellor Angela Merkel’s ruling party were defeated in local elections on Sunday, amid dissatisfaction over her handling of the euro zone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone September Sentix Investor Confidence Declines

Posted: 05 Sep 2011 01:42 AM PDT

Forexpros – Investor confidence in the euro zone fell less-than-expected in September but remained in negative territory as concerns over the region's debt crisis weighed, industry data showed on Monday.

In a report, market research group, Sentix said its index of investor confidence fell 1.9 points to minus 15.5 in September, down from August's reading of minus 13.5.

Analysts had expected the index to fall by 4.5 points to minus 18.0 in September.

On the index, a level above 0.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Services PMI Falls More-than-expected In August

Posted: 05 Sep 2011 01:38 AM PDT

Forexpros – Service sector activity in the U.K. fell more-than-expected in August, posting the biggest drop in more than a decade as an increasingly fragile economic environment undermined confidence and gains in new business, data showed on Monday.

In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index fell by 4.3 points to 51.1 in August from 55.4 in July.

Analysts had expected the index to decline to 54.3 in July.

On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Tumble To 6-day Low On U.S. Recession Fears

Posted: 05 Sep 2011 01:23 AM PDT

Forexpros – Crude oil futures extended sharp losses from the previous session on Monday, dropping to a six-day low amid mounting concerns that the U.S. economy is sliding back into a recession.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD85.22 a barrel during European morning trade, tumbling 1.43%.

It earlier fell as much as 1.9% to trade at USD84.83 a barrel, the lowest price since August 26.

U.S. government data on Friday showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone Services PMI (m/m) 51.5 As Expected.

Posted: 05 Sep 2011 01:18 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Hits 3-week Low Ahead Of U.K. Services PMI

Posted: 05 Sep 2011 01:05 AM PDT

Forexpros – The pound fell to a three-week low against the U.S. dollar on Monday, as concerns over the outlook for global economic growth weighed, ahead of the release of data on U.K. service sector activity.

GBP/USD hit 1.6112 during early European trade, the pair's lowest since August 11; the pair subsequently consolidated at 1.6139, shedding 0.47%.

Cable was likely to find support at 1.6039, the low of July 19 and resistance at 1.6252, last Friday's high.

Fears over the outlook for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Dips As U.S. Data, EZ Debt Fears Fuel Risk Aversion

Posted: 05 Sep 2011 12:49 AM PDT

Forexpros – The U.S. dollar dipped against the yen on Monday, remaining in the pair's recent tight range as demand for safe haven assets was boosted by fears that the U.S. economy is sliding back into recession and concerns over the ongoing sovereign debt crisis in the euro zone.

USD/JPY hit 76.69 during late Asian trade, the daily low; the pair subsequently consolidated at 76.80, dipping 0.02%.

The pair was likely to find support at 76.29, the low of August 11 and resistance at 77.01, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Edge Higher On Global Growth Fears

Posted: 05 Sep 2011 12:31 AM PDT

Forexpros – Gold futures edged higher in thin holiday trade on Monday, as mounting concerns over the U.S. economic outlook and fears that the euro zone's debt crisis is worsening boosted safe haven demand.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,885.45 a troy ounce during late Asian trade, gaining 0.59%.

It earlier rose as much as 0.8% to trade at USD1,890.45 a troy ounce, the highest price since August 23, when prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Tumbles To 1-week Low On Growth Concerns

Posted: 05 Sep 2011 12:21 AM PDT

Forexpros – The New Zealand dollar tumbled to a one-week low against its U.S. counterpart on Monday, as concerns over the outlook for global growth weighed after Friday's bleak U.S. employment data.

NZD/USD hit 0.8397 during late Asian trade, the pair's lowest since August 29; the pair subsequently consolidated at 0.8402, tumbling 0.89%.

The pair was likely to find support at 0.8268, the low of August 26 and resistance at 0.8467, the high of August 29.

Data on Friday showed that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Slumps To 1-week Low After U.S. Jobs Data

Posted: 05 Sep 2011 12:08 AM PDT

Forexpros – The Australian dollar slumped to a one-week low against its U.S. counterpart on Monday, as demand for higher yielding assets was hit by concerns over a slowdown in global growth after Friday's dismal U.S. employment data.

AUD/USD hit 1.0563 during late Asian trade, the pair's lowest since August 26; the pair subsequently consolidated at 1.0564, shedding 0.74%.

The pair was likely to find support at 1.0416, the low of August 26 and resistance at 1.0732, last Friday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Tumble As U.S. Growth Fears Weigh; Nikkei Drops 1.9%

Posted: 04 Sep 2011 11:47 PM PDT

Forexpros – Asian stock markets tumbled on Monday, with exporters and financials leading losses as mounting concerns over the U.S. economic outlook prompted investors to shun riskier assets.

During late Asian trade, Hong Kong’s Hang Seng Index plunged 2.7%, Australia's ASX/200 Index dropped 2.4%, while Japan's Nikkei 225 Index sank 1.9%.

Concerns that the global economic recovery is losing momentum were underlined on Friday, after the Department of Labor said U.S. non-farm payrolls were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits 3-week Low As Risk Appetite Crumbles

Posted: 04 Sep 2011 11:28 PM PDT

Forexpros – The euro dropped to a three-week low against the U.S. dollar on Monday, as fears that the region’s debt crisis is worsening and concerns that the U.S. economy is sliding back into a recession spurred a flight to safety.

EUR/USD hit 1.4137 during late Asian trade, the pair's lowest since August 11; the pair subsequently consolidated at 1.4141, shedding 0.45%.

The pair was likely to find support at 1.4054, the low of August 5 and resistance at 1.4287, last Friday's high.

The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 04 Sep 2011 10:40 PM PDT

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

EUR/USD was trading at 1.4160, down 0.32% at time of writing.

The pair was likely to find support at 1.4137, Monday's low, and resistance at 1.4469, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8753 and EUR/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 04 Sep 2011 10:15 PM PDT

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

GBP/USD was trading at 1.6176, down 0.26% at time of writing.

The pair was likely to find support at 1.6132, Thursday's low, and resistance at 1.6334, Wednesday'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 0.8756 and GBP/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 04 Sep 2011 09:50 PM PDT

Forexpros – The Euro was lower against the Swiss Franc on Monday.

EUR/CHF was trading at 1.1169, down 0.27% at time of writing.

The pair was likely to find support at 1.1002, Friday's low, and resistance at 1.1851, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.27% to hit 1.4168 and EUR/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The Asian Session

Posted: 04 Sep 2011 09:20 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday.

USD/CHF was trading at 0.7892, up 0.10% at time of writing.

The pair was likely to find support at 0.7712, Friday's low, and resistance at 0.8209, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.28% to hit 1.4166 and USD/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Social Security IS A Pyramid Scheme

Posted: 04 Sep 2011 09:17 PM PDT

Is the Social Security system a Ponzi scheme? Texas Governor Rick Perry says Yes.  Cato Institute’s Michael Tanner says Perry was being too kind.  Boston Globe columnist Jeff Jacoby says that’s not the point.

The debate will continue, but the facts in the graph above are crystal clear: the number of active workers per Social Security recipient is declining, and will continue to decline, and the Social Security system is clearly unsustainable.  Whether Social Security … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down In Asian Trade

Posted: 04 Sep 2011 09:00 PM PDT

Forexpros – The Euro was lower against the British Pound on Monday.

EUR/GBP was trading at 0.8755, down 0.06% at time of writing.

The pair was likely to find support at 0.8746, Monday'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 0.27% to hit 1.4168 and EUR/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In Asian Trading Hours

Posted: 04 Sep 2011 08:35 PM PDT

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

USD/JPY was trading at 76.74, down 0.09% 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 the British Pound, with EUR/USD shedding 0.26% to hit 1.4169 and GBP/USD falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Temperature Trvia

Posted: 04 Sep 2011 08:28 PM PDT

82 Fahrenheit = 28 Celsius

61 Fahrenheit = 16 Celsius

For those two temperatures, you can simply switch the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up During The Asian Session

Posted: 04 Sep 2011 08:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.

USD/CAD was trading at 0.9867, up 0.14% at time of writing.

The pair was likely to find support at 0.9726, Wednesday's low, and resistance at 0.9876, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.26% to hit 1.4169 and GBP/USD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In Asian Trade

Posted: 04 Sep 2011 07:30 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Company Gross Operating Profits.

AUD/USD was trading at 1.0593, down 0.48% at time of writing.

The pair was likely to find support at 1.0571, today's low, and resistance at 1.0765, Thursday's high.

Earlier in the day, official data showed that Gross operating profits of Australian companies rose more-than-expected to a seasonally adjusted 6.7% in the last quarter from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Down In Asian Trading Hours

Posted: 04 Sep 2011 07:05 PM PDT

Forexpros – The British Pound was lower against the Swiss Franc on Monday.

GBP/CHF was trading at 1.2779, down 0.04% at time of writing.

The pair was likely to find support at 1.2522, Friday's low, and resistance at 1.3387, Wednesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.20% to hit 1.6184 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down On Economic Data

Posted: 04 Sep 2011 06:55 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Company Gross Operating Profits.

AUD/USD was trading at 1.0588, down 0.53% at time of writing.

The pair was likely to find support at 1.0571, today's low, and resistance at 1.0765, Thursday's high.

Earlier in the day, official data showed that Gross operating profits of Australian companies rose more-than-expected to a seasonally adjusted 6.7% in the last quarter from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian CGOP Rises More-than-expected

Posted: 04 Sep 2011 06:45 PM PDT

Forexpros – Gross operating profits of Australian companies rose more-than-expected in the last quarter, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted 6.7%, from -2.0% in the preceding quarter.

Analysts had expected Australian CGOP to rise to 2.9% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 04 Sep 2011 06:35 PM PDT

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

EUR/USD was trading at 1.4160, down 0.32% at time of writing.

The pair was likely to find support at 1.4137, Monday's low, and resistance at 1.4469, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8754 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up In Asian Trading Hours

Posted: 04 Sep 2011 06:00 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday.

USD/JPY was trading at 76.83, up 0.03% 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 the British Pound, with EUR/USD shedding 0.38% to hit 1.4152 and GBP/USD falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Popular And Growing Trend

Posted: 04 Sep 2011 05:46 PM PDT

During the age of globalization and seemingly never-ending global growth, politicians, policymakers, and others believed that ever-expanding cooperation, ever-larger alliances, and the ever-increasing flow of goods and services across borders were not only good things, but would continue largely unabated.
However, in the wake of the financial crisis and the disappointing economic conditions that have been seen in various regions, economies, and industries, attitudes have begun to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down In Asian Trade

Posted: 04 Sep 2011 05:25 PM PDT

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

EUR/JPY was trading at 108.81, down 0.28% at time of writing.

The pair was likely to find support at 108.68, Monday's low, and resistance at 110.94, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.37% to hit 1.4154 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For September 05, 2011

Posted: 04 Sep 2011 12:09 PM PDT

By CommoditiesMansion.com
Gold rallied last Friday and reversed to the upside with some weekly gains as risk aversion and haven demand regained strength with the worsening outlook for the global economy.
The deepening debt crisis in Europe and worsening state of the economy are all factors pushing investors to gold as a safe haven, especially after the slight correction and position squaring from the record high seen.
We see that the upside momentum for gold is ongoing and more historic records … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For September 05, 2011

Posted: 04 Sep 2011 12:09 PM PDT

By CommoditiesMansion.com
 
Crude oil for October settlement declined strongly last Friday and reversed the early week gains after the United States jobs report revived fears over the recovery.
 The US labor market stagnated in August and fears over the pace of recovery increase which dampen demand prospects.
With the worsening state of the global economy and the outlook for major consuming nations the black oil is still pressured to the downside and more volatility is expected with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For September 05, 2011

Posted: 04 Sep 2011 12:08 PM PDT

By CommoditiesMansion.com
 
Another volatile week is about to start for natural gas after the unexpected week jobs figures from the United States last Friday.
The US labor market stagnated in August and fears over the pace of recovery increase which dampen demand prospects especially with companies losing faith in the recovery and accordingly expansion plans and spending will be cut and business demand will start to soften.
Volatility is highly expected on Monday as the market continues to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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