DailyMarkets.com - German Factory Orders Drop Sharply In July

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• German Factory Orders Drop Sharply In July
• Forex – USD/CHF Jumps To 2-month High After SNB Move
• European Stocks Rebound From Route; DAX Gains 1.3%
• Euro Zone GDP Rises In Line With Expectations In Q2
• Forex – Dollar Broadly Lower Vs. Rivals After Swiss Intervention
• Crude Oil Futures Drop To 7-day Low On Demand Outlook
• Swiss National Bank Sets Minimum EURCHF Rate At 1.20
• Forex – GBP/USD Erases Losses After SNB Intervention
• Reserve Bank Of Australia Keeps Cash Rate At 4.75%
• Forex – USD/JPY Slides To Daily Low On Global Outlook Worries
• Gold Futures Rally To Record On Global Growth Concerns
• Forex – NZD/USD Trims Losses As Swiss Franc Weakens
• Swiss CPI Declines More-than-expected In August
• Forex – AUD/USD Trims Losses As Swiss Franc Weakens Broadly
• Asia Stocks Tumble On Dire Global Outlook; Nikkei Drops 2.2%
• Forex – EUR/USD Touches 7-week Low On Debt Concerns
• Reserve Bank Of Australia Leaves Interest Rate Unchanged
• Australian Home Loan Rise Less-than-expected In July
• Growth & Income Stock: Oceaneering International, Inc.
• Bull Of The Day: CF Industries (CF)
• Momentum Stock: CVR Partners LP
• Bear Of The Day: Merge Healthcare (MRGE)
• Aggressive Growth Stock: Complete Production Services
• Forex – EUR/USD Down During The Asian Session
• The Kirk Report Vs Wyckoff Method
• RBA Holds Rates Steady, Expresses “Concern” About Inflation
• Forex – GBP/USD Down In Asian Trade
• Singapore Stock Market Update For Tuesday 06 September
• Forex – Dollar Mixed In Mid-day Asian Trade
• Forex – USD/JPY Drops In Mid-day Asian Trade
• Asian Stocks Fall In Early Trade; Nikkei Drops 1.2%
• SP500 Review With Gann Angles
• Parsons, I Fear We Are In Trouble
• Crude Oil Falls In Early Asian Trade
• Gold Futures Pare Gains In Early Asian Trade
• Oil Technical Analysis For September 6, 2011
• Natural Gas Technical Analysis For September 6, 2011
• Gold Technical Analysis For September 6, 2011
• Why Germany Should Leave The Eurozone (in Pictures)
• Gold Daily Fundamental Analysis For September 06, 2011
• Crude Oil Daily Fundamental Analysis For September 06, 2011
• Natural Gas Daily Fundamental Analysis For September 06, 2011

German Factory Orders Drop Sharply In July Posted: 06 Sep 2011 03:09 AM PDT Forexpros – German factory orders fell significantly more-than-expected in July, dropping for the first time in four months, official data showed on Tuesday. In a report, Deutsche Bundesbank said factory orders dropped by a seasonally adjusted 2.8% in July, after climbing by 1.8% in June. Analysts had expected German factory orders to decline by 1.5% in July. Year-over-year, German factory orders rose at an annualized rate of 8.7% in July, after climbing at a rate of 9.4% in June. Analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Jumps To 2-month High After SNB Move Posted: 06 Sep 2011 02:57 AM PDT Forexpros – The U.S. dollar jumped more than 7% against the Swiss franc on Tuesday, after Switzerland's central bank intervened in currency markets to curb the strong franc, saying the strength of the currency posed a threat to the economy. USD/CHF hit 0.8500 during European morning trade, the pair's highest since July 7; the pair subsequently consolidated at 0.8486, leaping 7.81%. The pair was likely to find support at 0.8281, the low of July 12 and short-term resistance at 0.8550, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Rebound From Route; DAX Gains 1.3% Posted: 06 Sep 2011 02:31 AM PDT Forexpros – European stock markets were higher on Tuesday, as investors entered the market for bargain hunting after European equities suffered their biggest drop since the 2008 financial crisis on Monday, while shares in Swiss exporters rallied after the Swiss National Bank intervened in currency markets. During European morning trade, the EURO STOXX 50 rose 1.35%, France's CAC 40 gained 1.2%, while Germany's DAX 30 jumped 1.3%. European equities suffered sharp losses on Monday, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone GDP Rises In Line With Expectations In Q2 Posted: 06 Sep 2011 02:06 AM PDT Forexpros – The euro zone's economy grew in line with expectations in the second quarter of 2011, revised data showed on Tuesday. In a report, Eurostat said that the euro zone's gross domestic product increased by a seasonally adjusted 0.2% during the second quarter, unchanged from a preliminary estimate. Year-over-year, euro zone GDP grew at an annualized rate of 1.6%, down from a preliminary estimate of a 1.7% gain. Following the release of that data, the euro was up against the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals After Swiss Intervention Posted: 06 Sep 2011 01:44 AM PDT Forexpros – The U.S. dollar was down against most of its major rivals on Tuesday, after Switzerland's central bank intervened in currency markets to weaken the Swiss franc, sending the currency sharply higher against the greenback and the euro. During European morning trade, the greenback jumped against the Swiss franc, with USD/CHF leaping 7.82% to hit 0.8487. Earlier in the day, the Swiss National Bank announced that it had set a minimum exchange rate target of 1.20 per euro for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Drop To 7-day Low On Demand Outlook Posted: 06 Sep 2011 01:33 AM PDT Forexpros – Crude oil futures were down for a third day on Tuesday, falling to a seven-day low as the downbeat outlook for global growth weighed on future oil-demand expectations. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD84.33 a barrel during European morning trade, tumbling 2.45%. It earlier fell as much as 3.5% to trade at USD83.22 a barrel, the lowest price since August 26. Crude prices continued to be weighed by fears that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss National Bank Sets Minimum EURCHF Rate At 1.20 Posted: 06 Sep 2011 01:27 AM PDT The Swiss National Bank (SNB) announced it “will no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20″.  The Swiss central bank further noted that it “will enforce this minimum rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities”.  The SNB explained “The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development.” and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Losses After SNB Intervention Posted: 06 Sep 2011 01:23 AM PDT Forexpros – The pound erased losses against the U.S. dollar on Tuesday, as the Swiss franc tumbled against both the dollar and the euro after the Swiss National Bank intervened in currency markets to weaken the franc. GBP/USD rebounded from 1.6065, the daily low, to hit 1.6141 during early European trade, rising 0.14%. Cable was likely to find support at 1.6061, Monday's low and a six-week low and resistance at 1.6269, the high of September 1. Earlier in the day, the SNB announced that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reserve Bank Of Australia Keeps Cash Rate At 4.75% Posted: 06 Sep 2011 01:13 AM PDT The Reserve Bank of Australia (RBA) maintained its benchmark monetary policy rate unchanged at 4.75%.  The RBA said: “Most financial indicators suggest that monetary policy has been exerting a degree of restraint. Credit growth has declined over recent months and is very subdued by historical standards, even with evidence of greater willingness to lend. Most asset prices, including housing prices, have also softened. The exchange rate is high. Each of these variables is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Slides To Daily Low On Global Outlook Worries Posted: 06 Sep 2011 12:58 AM PDT Forexpros – The U.S. dollar slipped to a daily low against the yen on Tuesday, as fears that the debt crisis in the euro zone is worsening and the downbeat outlook for U.S. growth supported demand for the safe haven yen. USD/JPY hit 76.72 during late Asian trade, the daily low; the pair subsequently consolidated at 76.74, sliding 0.18%. The pair was likely to find short-term support at 76.29, the low of August 11 and resistance at 77.23, the high of September 1. Concerns over the euro zone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Rally To Record On Global Growth Concerns Posted: 06 Sep 2011 12:46 AM PDT Forexpros – Gold futures rallied to a record high on Tuesday, as a combination of concerns over the outlook for global growth and mounting worries that the euro zone's sovereign debt crisis is worsening boosted the appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,908.95 a troy ounce during late Asian trade, surging 1.85%. It earlier rose as much as 2.5% to trade at an all-time high of USD1,921.05 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Trims Losses As Swiss Franc Weakens Posted: 06 Sep 2011 12:32 AM PDT Forexpros – The New Zealand dollar trimmed losses against its U.S. counterpart on Tuesday, pulling away from an eight-day low, as the Swiss franc weakened broadly, boosting the greenback across the board. NZD/USD pulled back from 0.8262, the pair's lowest since August 25, to hit 0.8311 during late Asian trade, slipping 0.11%. The pair was likely to find support at 0.8211, the low of August 25 and resistance at 0.8449, Monday's high. The New Zealand dollar remained under pressure as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss CPI Declines More-than-expected In August Posted: 06 Sep 2011 12:20 AM PDT Forexpros – Consumer price inflation in Switzerland fell more-than-expected in August, official data showed on Tuesday. In a report, the Swiss Federal Statistics Office said consumer price inflation declined by 0.3% in August, after dropping by 0.8% in July. Year-over-year, Swiss consumer prices rose at an annualized 0.2% in August, after increasing at a rate of 0.5% in July. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.3% in August. Following the release of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Trims Losses As Swiss Franc Weakens Broadly Posted: 06 Sep 2011 12:16 AM PDT Forexpros – The Australian dollar trimmed losses against its U.S. counterpart on Tuesday, pulling back from a seven-day low as a sudden spike lower in the Swiss franc lifted the greenback across the board. AUD/USD pulled back from 1.0495, the pair's lowest since August 26, to hit 1.0548 during late Asian trade, dipping 0.02%. The pair was likely to find support at 1.0416, the low of August 26 and resistance at 1.0617, Monday's high. The Australian dollar fell against the greenback … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asia Stocks Tumble On Dire Global Outlook; Nikkei Drops 2.2% Posted: 05 Sep 2011 11:51 PM PDT Forexpros – Asian stock markets were sharply lower for a second day on Tuesday, with financials and commodity-linked shares leading losses as mounting fears over the global economic outlook prompted investors to dump riskier assets. During late Asian trade, Hong Kong’s Hang Seng Index dropped 1.45%, Australia's ASX/200 Index fell 1.6%, while Japan's Nikkei 225 Index tumbled 2.21%. Lingering worries over the euro zone sovereign debt crisis and mounting concerns over the U.S. economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Touches 7-week Low On Debt Concerns Posted: 05 Sep 2011 11:32 PM PDT Forexpros – The euro fell to a seven-week low against the U.S. dollar on Tuesday, as concerns that the debt crisis in the single currency bloc is deepening saw investors shun riskier assets. EUR/USD hit 1.4039 during late Asian trade, the pair's lowest since July 18; the pair subsequently consolidated at 1.4060, shedding 0.26%. The pair was likely to find support at 1.3950, the low of July 13 and resistance at 1.4172, Monday's high. The euro came under pressure as uncertainty over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reserve Bank Of Australia Leaves Interest Rate Unchanged Posted: 05 Sep 2011 11:28 PM PDT Forexpros – The Reserve Bank of Australia kept its benchmark interest rate unchanged for the ninth straight meeting in September, it announced on Tuesday. In a statement, the RBA said it was keeping its benchmark interest rate unchanged at 4.75%, broadly in line with expectations. In its accompanying rate statement, the RBA said it judged that it was prudent to maintain the current stance of monetary policy, citing the uncertain global outlook. "Conditions in global financial markets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Home Loan Rise Less-than-expected In July Posted: 05 Sep 2011 11:22 PM PDT Forexpros – The number of Australian new home loan approvals rose less-than-expected in July, official data showed on Tuesday. In a report, the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 1.0% in July, falling short expectations for a 1.5% gain. June's figure was revised up to a 0.6% increase from a previously reported flat reading. Following the release of the data, the Australian dollar was down against its U.S. counterpart, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Oceaneering International, Inc. Posted: 05 Sep 2011 11:05 PM PDT Oceaneering International, Inc. (NYSE:OII) offers investors attractive growth and solid income. The company recently delivered its 5th consecutive positive earnings surprise, prompting management to raise its EPS guidance for the full year. Analysts revised their estimates for both 2011 and 2012 off of the strong quarter, sending the stock to a Zacks #2 Rank (Buy). The company also initiated a regular quarterly dividend earlier this year that currently yields 1.5%. Expect this dividend to rise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: CF Industries (CF) Posted: 05 Sep 2011 11:05 PM PDT CF Industries (NYSE:CF) delivered $6.87 per share in the second quarter, striding ahead of the Zacks Consensus Estimate of $5.94. Management is expecting farm income to set a new record this year, and believes that farmers are going to plan a very large corn planting next year. The company expects the corn stocks-to-use ratio to remain in the mid-single-digits for the 2011 marketing year, supporting elevated corn prices. This should provide growers with a compelling incentive to reinvest some of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: CVR Partners LP Posted: 05 Sep 2011 11:05 PM PDT CVR Partners LP (UAN) is trading strong in the weak market, recently hitting a new all-time high ahead of strong Q2 results that came in ahead of expectations. With estimates on the rise and a compelling valuation, this Zacks #1 Rank stock has plenty of momentum. Company Description CVR Partners LP is a fertilizer company that specializes in nitrogen. The company was spun off from CVR Energy in April of 2011 and has a market cap pf $1.71 billion. CVR Partners has pumped out some big gains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Merge Healthcare (MRGE) Posted: 05 Sep 2011 11:05 PM PDT Merge Healthcare’s (NASDAQ:MRGE) growth prospects are highly dependent on capital investments by hospitals for advanced imaging solutions, which are in turn tied to general economic conditions. Moreover, declining Medicare reimbursements could negatively affect hospital and imaging clinic revenue, which could reduce demand for software and services offered by Merge. Although there is immense potential in the diagnostic imaging market, we remain concerned about the competitive scenario and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Complete Production Services Posted: 05 Sep 2011 11:05 PM PDT Complete Production Services (NYSE:CPX) may have fallen out of favor with the market, but if you are looking for a steal this Zacks #1 Rank (Strong Buy) is a great option. Estimates are rising despite economic worries, which have led to great valuations and should result in fantastic gains. Company Description Complete Production Services provides completion and production services for oil and gas wells, mainly in unconventional areas of North America. Better than Expected Quarter On Jul 22 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: 05 Sep 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.4043, down 0.39% at time of writing. The pair was likely to find support at 1.4039, today's low, and resistance at 1.4378, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8739 and EUR/JPY falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Kirk Report Vs Wyckoff Method Posted: 05 Sep 2011 10:42 PM PDT Charles E. Kirk has been investing and trading stocks for over 17 years. After reading his bio it becomes obvious that his methods can be derived from the Wyckoff method. Charles E. Kirk successful approach to the stock market..here If you try to boil my approach down now to just a few sentences, here's what I basically do. I first start by screening for stocks and ETFs that have both technical and fundamental characteristics the market has rewarded in the past based on both market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RBA Holds Rates Steady, Expresses “Concern” About Inflation Posted: 05 Sep 2011 10:37 PM PDT The statement following interest-rate session by the Reserve Bank of Australia didn't too much in way of surprises. It was "prudent" to maintain the interest rate at 4.75%. The global economic outlook remains less clear that earlier in the year. A key question will be whether softer global and domestic growth will help to contain inflation. Growth will continue on the back of terms trade, mining sector and mining investment as well as well as solid growth from China. The RBA remains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 05 Sep 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6080, down 0.24% at time of writing. The pair was likely to find support at 1.6062, Monday's low, and resistance at 1.6254, Friday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8746 and GBP/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Tuesday 06 September Posted: 05 Sep 2011 08:31 PM PDT Singapore market retreats further amid worries over global economy. US investors face Tuesday with a hangover from jobs data and Europe’s woes, to weigh new reports on services sector and unemployment. We advise to stand sideline for the time being to observe on the market situation now. Currently, market is choppy and do expect big swings on the up and downside. Therefore, our stand now is currently neutral for now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed In Mid-day Asian Trade Posted: 05 Sep 2011 08:14 PM PDT Forexpros – Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Tuesday, as dealers looked to the greenback as a safe haven from tumbling European equities but remained leery of U.S. growth prospects in light of a weak labor market. In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD slipping 0.18% to hit 1.4072. Late last week, the U.S. Labor Department reported that non-farm payrolls were unchanged in August, the weakest job … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Drops In Mid-day Asian Trade Posted: 05 Sep 2011 07:39 PM PDT Forexpros – Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Tuesday, with buying incentive for the greenback curtailed by recent weak U.S. employment figures and the suspension of Wall Street trading for the Labor Day holiday. In mid-day Asian trade USD/JPY hit 76.96, the pair's highest since Monday; the pair subsequently consolidated at 76.82, dropping 0.09%. The pair was likely to find support at 76.29, the low of August 11, and resistance at 77.24, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Stocks Fall In Early Trade; Nikkei Drops 1.2% Posted: 05 Sep 2011 07:02 PM PDT Forexpros – Forexpros – Asian stocks surrendered ground in Tuesday trade, as renewed concerns over the European debt crisis coupled with sharp sell-offs in Europe overnight dragged regional issues lower. During early Asian trade, Hong Kong's Hang Seng Index was down sharply by 2.95% to 19,616.40, Japan's Nikkei 225 Index fell 1.2% to 8,684.23, Australia's S&P/ASX 200 dropped 1.4% to 4,085.70, and South Korea's Kospi Index lost 1.4% to 1,760.42. Along with the Nikkei, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SP500 Review With Gann Angles Posted: 05 Sep 2011 06:30 PM PDT The market has been smashed, down 16%. But has it stopped. Wyckoff fans need a base to see some sort of accumulation to prove that some buying is going on. But not yet. The sell off needs a few months to heal and prove that strong support has been secured. Wall Street wants QE3 to push up asset prices. They also know they wont get it until a few politicians are scared sh*tless. So I suspect the market will be sold down to SPY 100 and then wait for the screaming to start. Sept and Oct 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Parsons, I Fear We Are In Trouble Posted: 05 Sep 2011 06:19 PM PDT "It's hard to see any reason, any long list, or any convincing list of reasons to be long of equities through this turmoil," Nick Parsons, head of strategy for National Australia Bank, tells CNBC in this next clip. And apparently he is "not in the business of clutching at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Falls In Early Asian Trade Posted: 05 Sep 2011 06:18 PM PDT Forexpros – Forexpros – Crude oil futures declined in Asian trade Tuesday, as investors reacted negatively to U.S. figures indicating a stagnant labor market and diminished prospects for demand from the world's largest oil consumer. On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD83.47 a barrel during early Asian trade, falling 0.19%, after hitting a daily high of USD83.94. The U.S. Labor Department, late last week, reported that non-farm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Pare Gains In Early Asian Trade Posted: 05 Sep 2011 05:44 PM PDT Forexpros – Forexpros – Gold futures eased from session highs in Asian trade Friday, after breaking above the psychologically important USD1,900 level, as dealers sought safe havens amid slumping European stocks and in the wake of a gloomy U.S. labor outlook. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,899.55 a troy ounce during early Asian trade, down 0.09%, after hitting a high of USDS1,903.75. While U.S. markets took the day … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For September 6, 2011 Posted: 05 Sep 2011 11:35 AM PDT By CommoditiesMansion.com   Light Sweet Crude The CL contract fell on Monday during the shortened electronic session. With the US celebrating the Labor Day holiday, the action in the thin markets are somewhat hard to read. We did fall from a resistance area in the form of $90, so a pullback isn't a shocker by any means. We think that the actual key turning point in this market will be if we can somehow make a new low, just under $75. We see $80 as being very supportive, so that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis For September 6, 2011 Posted: 05 Sep 2011 11:34 AM PDT By CommoditiesMansion.com   The natural gas markets were only open for an abbreviated electronic session on Monday as the US celebrated Labor Day. As such, there was very little movement to mention, but it did show a failure to rise during the shortened session. The $3.85 area looks to be supportive, but it seems only a matter of time before it gives way. The recent breaking of the $4 mark as support is a significant event, and the long red candle on Friday also matters. We like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For September 6, 2011 Posted: 05 Sep 2011 11:33 AM PDT By CommoditiesMansion.com   NYMEX gold rose again on Monday, even with the shortened holiday trading hours. The $1,900 mark was reached again, and it appears that an attempt is on the way to break the all-time highs we recently set roughly two weeks ago. A new high would be another buying signal, but it should be noted that this market desperately needs a pullback. In fact, we are much more comfortable in buying gold on one. The biggest issue with that is it simply doesn't pull back … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Why Germany Should Leave The Eurozone (in Pictures) Posted: 05 Sep 2011 11:12 AM PDT Everyone knows that Italian yield spreads against Bunds have been blowing out: 10-Year Italian bond yields vs. 10-year Bunds. I thought that I would look at the long-term performance of the other major eurozone stock markets against the DAX. Here is Italy, which is a bellwether for stress within the eurozone. It’s been in a relative downtrend since 2005 and there are no indications that there is any bottom. The downtrend has been steady, well-defined and not oversold on RSI. What about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Fundamental Analysis For September 06, 2011 Posted: 04 Sep 2011 07:28 PM PDT By CommoditiesMansion.com Gold fluctuated heavily on Monday with the start of a new week, yet generally was still biased to the upside as losses were broadly seen across markets with Asia starting the week with reaction to the weak jobs report from the United States and Europe battered by the pessimism and deepening debt crisis. The debt woes in Europe and fears of another recession, especially in the United States, kept demand on gold as a haven evident, though was affected by the strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Fundamental Analysis For September 06, 2011 Posted: 04 Sep 2011 07:22 PM PDT By CommoditiesMansion.com Crude started the week on Monday with continued bearishness to reverse the previous week's gains on prevailing pessimism over the outlook for the economy. Fears of recession in the United States and slowing global growth are predominant and expect the downside pressure to prevail on the commodity after the selloff in equities seen on Monday. Despite the absence of U.S. markets on Monday still the Asian and European equities suffered heavy losses which reflected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Fundamental Analysis For September 06, 2011 Posted: 04 Sep 2011 07:20 PM PDT By CommoditiesMansion.com Natural gas futures started the day with tight range trading with the absence of U.S. markets on Monday for Labor Day holiday. Trading was pressured to the downside with the selloff seen across the board on rising recession woes with the downbeat data and the dollar maintained its strength keeping trading biased to the downside. On Tuesday we expect the downside pressure on natural gas to prevail after Lee weekend to a depression from a tropical storm and production … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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