Monday, September 26, 2011

DailyMarkets.com - Soybean Futures Drop To 10-month Low On Demand Concerns

DailyMarkets.com - Soybean Futures Drop To 10-month Low On Demand Concerns


Soybean Futures Drop To 10-month Low On Demand Concerns

Posted: 26 Sep 2011 03:20 AM PDT

Forexpros – Soybean futures were down for down for a sixth day on Monday, falling to a ten-month low as growing fears over the global economic outlook raised concerns over a slowdown in global demand for the grain.

On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD12.4912 a bushel during European morning trade, dropping 0.76%.

It earlier fell as much as 1.08% to trade at USD12.2612 a bushel, the lowest price since November 29, 2010.

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


Forex – USD/CHF Trims Gains As Risk Aversion Eases

Posted: 26 Sep 2011 02:45 AM PDT

Forexpros – The U.S. dollar trimmed gains against the Swiss franc on Monday, pulling back from a two-day high as gains in European equity markets hit demand for safe haven assets.

USD/CHF pulled back from 0.9144, the pair’s highest since September 22 to hit 0.9085, still up 0.32%.

The pair was likely to find support at 0.8789, the low of September 20 and resistance at 0.9223, the high of March 29.

Market sentiment was boosted amid speculation that the European Central Bank may cut interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Turn Higher As Banks Rally; DAX Jumps 2.3%

Posted: 26 Sep 2011 02:10 AM PDT

Forexpros – European stock markets erased early losses to trade higher on Monday, as speculation that the European Central Bank was buying Italian government debt helped lift sentiment, boosting shares in the financial sector.

During European morning trade, the EURO STOXX 50 rallied 2.5%, France's CAC 40 climbed 1.9%, while Germany's DAX 30 jumped 2.3%.

European equities opened lower as risk sentiment was hit after a weekend meetings of leaders from the G-20 nations and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dollar Broadly Higher Vs. Rivals On Fresh E.Z. Concerns

Posted: 26 Sep 2011 01:53 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Monday, after weekend G-20 nations and International Monetary Fund meetings offered no new solutions on the euro zone debt crisis, denting risk appetite.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.41% to hit 1.3440.

The single currency came under pressure after Germany’s Deputy Finance minister Joerg Asmussen said Sunday that Greece will probably have to wait … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Trade Below USD79 As Global Outlook Weighs

Posted: 26 Sep 2011 01:30 AM PDT

Forexpros – Crude oil futures were down for a fourth day on Monday, dropping to a seven-week low as lingering concerns over the sovereign debt crisis in the euro zone and a firm U.S. dollar reduced the appeal of commodities.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD78.34 a barrel during European morning trade, tumbling 1.88%.

It earlier fell as much as 2.95% to trade at USD77.14 a barrel, the lowest price since August 9.

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


Forex – GBP/USD Erases Losses But Remains Vulnerable

Posted: 26 Sep 2011 01:15 AM PDT

Forexpros – The pound erased losses against the U.S. dollar on Monday, pulling away from the daily low but sterling remained vulnerable amid concerns that the feeble U.K. economy could prompt the Bank of England to implement more monetary easing.

GBP/USD pulled back from 1.5431, the daily low, to hit 1.5474 during early European trade, rising 0.18%.

Cable was likely to find support at 1.5330, Friday's low and a one-year low and short-term resistance at 1.5518, last Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


German Ifo Business Climate Falls Less-than-expected

Posted: 26 Sep 2011 01:05 AM PDT

Forexpros – German business confidence declined less-than-expected in September, industry data showed on Monday.

In a report, the German research institute, Ifo said its Business Climate Index fell to a seasonally adjusted 107.5 in September from 108.7 in August. Analysts had expected the index to fall to 106.8.

The Current Assessment Index slipped to 117.9 from 118.1 last month, outperforming expectations for a decline to 115.5.

The Business Expectations Index dropped to 98.0 from 101.1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures Tumble To 3-month Low, Greece Fears Support

Posted: 26 Sep 2011 12:52 AM PDT

Forexpros – Gold futures were down for a fourth day on Monday, extending last week's rout as a margin increase by the CME Group and a stronger U.S. dollar dampened the appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,584.95 a troy ounce during late Asian trade, tumbling 3.3%.

It earlier fell as much as 6.5% to trade at USD1,533.35 a troy ounce, the lowest price since July 8.

Gold prices are down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down On Euro Zone Debt Concerns

Posted: 26 Sep 2011 12:46 AM PDT

Forexpros – The U.S. dollar was down against the yen on Monday, but remained locked in its recent range as concerns over the ongoing debt crisis in the euro zone and sell-offs in equities markets saw investors flock to safe haven assets.

USD/JPY hit 76.23 during late Asian trade, the daily low; the pair subsequently consolidated at 76.42, shedding 0.22%.

The pair was likely to find support at 75.94, the low of August 19 and the pair's all-time low and resistance at 76.87, Friday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NZD/USD Drops To Almost 6-month Low In Risk-off Trade

Posted: 26 Sep 2011 12:25 AM PDT

Forexpros – The New Zealand dollar dropped to an almost six-month low on Monday, as renewed concerns over the euro zone debt crisis weighed on market sentiment, prompting demand for safer assets.

NZD/USD hit 0.7638 during late Asian trade, the pair’s lowest since April 1; the pair subsequently consolidated at 0.7676, plummeting 1.05%.

The pair was likely to find support at 0.7492, the low of March 29 and resistance at 0.7868, the high of May 16.

Risk appetite was dampened after weekend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Sharply Lower On Greece Fears; Nikkei Down 2.2%

Posted: 25 Sep 2011 11:52 PM PDT

Forexpros – Asian stock markets tumbled on Monday, as market sentiment was weighed amid ongoing fears over a potential Greek default, while losses in Japanese exporters dragged the Nikkei down to a 29-month low.

During late Asian trade, Hong Kong’s Hang Seng Index plunged 3.2%, Australia's ASX/200 Index dropped 1.1%, while Japan's Nikkei 225 Index tumbled 2.17% after being closed on Friday.

Fears over a potential Greek default intensified over the weekend after German Deputy Finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Tumbles To 8-month Low Amid Debt Fears

Posted: 25 Sep 2011 11:34 PM PDT

Forexpros – The euro tumbled to an eight-month low against the U.S. dollar on Monday, as fears over a lack of progress in resolving the financial crisis in the euro zone saw investors shun riskier assets.

EUR/USD hit 1.3364 during late Asian trade, the pair's lowest since January 18; the pair subsequently consolidated at 1.3392, shedding .77%.

The pair was likely to find support at 1.3088, the low of January 13 and resistance at 1.3566, last Friday's high.

Weekend meetings of leaders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: GSI Group Inc.

Posted: 25 Sep 2011 11:05 PM PDT

Growth & Income Stock: CME Group Inc.

Posted: 25 Sep 2011 11:05 PM PDT

 
CME GROUP INC (CME): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: AmSurg Corp. (AMSG)

Posted: 25 Sep 2011 11:05 PM PDT

AmSurg Corp.’s (NASDAQ:AMSG) second quarter EPS of $0.38 met the Zacks Consensus Estimate and the year-ago EPS. Economic uncertainty has been impacting AmSurg potential customers deferring elective procedures, but its top line improved due to growth in total procedures with the opening of new centers.
Moreover, with a relatively solid development and acquisition pipeline in place, supported by a strong cash position, AmSurg is well poised to carry out suitable acquisitions. Government has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: Sara Lee Corp. (SLE)

Posted: 25 Sep 2011 11:05 PM PDT

We have downgraded the recommendation of Sara Lee Corp. (NYSE:SLE) to Underperform from Neutral as the company remains under tremendous inflationary pressure, further burdened by severe competition from several branded and private label products. Though the company is making efforts to combat its rising price of coffee and meat by raising prices, we believe that the company has to sacrifice volume in the process.
The company is also undertaking strategic disinvestments to cope with higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: Sunoco Logistics Partners LP

Posted: 25 Sep 2011 11:05 PM PDT

 
SUNOCO LOGISTIC (SXL): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 25 Sep 2011 10:40 PM PDT

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

EUR/USD was trading at 1.3408, down 0.67% at time of writing.

The pair was likely to find support at 1.3386, Thursday'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 0.71% to hit 0.8676 and EUR/JPY falling 1.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 25 Sep 2011 10:15 PM PDT

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

GBP/USD was trading at 1.5454, up 0.05% 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.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.78% to hit 0.8670 and GBP/JPY falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 25 Sep 2011 09:50 PM PDT

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

EUR/CHF was trading at 1.2214, down 0.10% at time of writing.

The pair was likely to find support at 1.2148, Wednesday's low, and resistance at 1.2344, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.66% to hit 1.3409 and EUR/JPY falling 0.91% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Why This Is Exactly The Time To Rebuild America’s Infrastructure

Posted: 25 Sep 2011 09:20 PM PDT

Seems like only yesterday conservative nabobs of negativity predicted America's ballooning budget deficit would generate soaring inflation and crippling costs of additional federal borrowing. 
Remember Standard & Poor's downgrade of the United States? Recall the intense worry about investors' confidence in government bonds — America's IOUs? 
Hmmm.
Last week ten-year yields on U.S. Treasuries closed at 1.83 percent.
In other words, they were wrong.
In fact, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Up During The Asian Session

Posted: 25 Sep 2011 09:20 PM PDT

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

USD/CHF was trading at 0.9111, up 0.59% 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.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.68% to hit 1.3406 and USD/JPY falling 0.26% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Down In Asian Trade

Posted: 25 Sep 2011 09:00 PM PDT

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

EUR/GBP was trading at 0.8672, down 0.76% at time of writing.

The pair was likely to find support at 0.8667, today's low, and resistance at 0.8795, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.71% to hit 1.3401 and EUR/JPY falling 0.93% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 25 Sep 2011 08:35 PM PDT

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

USD/JPY was trading at 76.41, down 0.25% 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.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.55% to hit 1.3424 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 25 Sep 2011 08:10 PM PDT

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

USD/CAD was trading at 1.0312, up 0.29% at time of writing.

The pair was likely to find support at 0.9918, Wednesday's low, and resistance at 1.0361, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.49% to hit 1.3432 and GBP/USD rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar, Gold, Silver And Violent HUI Price Swings

Posted: 25 Sep 2011 08:09 PM PDT

This weekend I have been primarily working on getting a grip on the big picture for gold, silver and the miners going forward. A couple of charts I made in the past have been revisited and updated. And I wanted to do some new study on the price movement of the miners (HUI index).

Click on any chart to ENLARGE

I guess we need to start with the heart beat of the patients – and that would be the US Dollar Index. This is a chart that I originally posted on August 28, 2011. It is now … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Up In Asian Trade

Posted: 25 Sep 2011 07:30 PM PDT

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

AUD/USD was trading at 0.9783, up 0.04% at time of writing.

The pair was likely to find support at 0.9670, Friday's low, and resistance at 1.0292, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.58% to hit 1.3724 and AUD/JPY falling 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Amazing Drop In Deaths From Extreme Weather

Posted: 25 Sep 2011 07:21 PM PDT

The Reason Foundation has released a new study titled, “Wealth and Safety: The Amazing Decline in Deaths from Extreme Weather in an Era of Global Warming, 1900–2010,” here’s the executive summary (emphasis mine):

“Proponents of drastic curbs on greenhouse gas emissions claim that such emissions cause global warming and that this exacerbates the frequency and intensity of extreme weather events, including extreme heat, droughts, floods and storms such as hurricanes and cyclones. But what … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/CHF Up In Asian Trading Hours

Posted: 25 Sep 2011 07:05 PM PDT

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

GBP/CHF was trading at 1.4054, up 0.44% at time of writing.

The pair was likely to find support at 1.3887, Thursday's low, and resistance at 1.4150, Thursday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.01% to hit 1.5447 and EUR/GBP falling 0.50% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 25 Sep 2011 06:35 PM PDT

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

EUR/USD was trading at 1.3434, down 0.48% at time of writing.

The pair was likely to find support at 1.3386, Thursday'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 0.49% to hit 0.8695 and EUR/JPY falling 0.65% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Florida Housing Recovery Gains Strength In August

Posted: 25 Sep 2011 06:23 PM PDT

“Sales activity and median prices for Florida's existing home and existing condo markets rose in August, according to the Florida Realtors. Existing home sales increased 15 percent last month with a total of 16,206 homes sold statewide compared to 15,517 in July, and 14,131 homes sold in August 2010 (see chart). The statewide median sales price for existing homes last month was $137,500, up 2 percent from the year-ago figure of $134,900. August's statewide existing home median price was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 25 Sep 2011 06:00 PM PDT

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

USD/JPY was trading at 76.62, up 0.04% 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.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.59% to hit 1.3419 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


USD/CHF Trims Gains As Risk Aversion Eases

Posted: 25 Sep 2011 04:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar trimmed gains against the Swiss franc on Monday, pulling back from a two-day high as gains in European equity markets hit demand for safe haven assets.
USD/CHF pulled back from 0.9144, the pair's highest since September 22 to hit 0.9085, still up 0.32%.
The pair was likely to find support at 0.8789, the low of September 20 and resistance at 0.9223, the high of March 29.
Market sentiment was boosted amid speculation that the European Central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Turn Higher As Banks Rally; DAX Jumps 2.3%

Posted: 25 Sep 2011 03:32 PM PDT

By ForexMansion.com
Forexpros – European stock markets erased early losses to trade higher on Monday, as speculation that the European Central Bank was buying Italian government debt helped lift sentiment, boosting shares in the financial sector.
During European morning trade, the EURO STOXX 50 rallied 2.5%, France's CAC 40 climbed 1.9%, while Germany's DAX 30 jumped 2.3%.
European equities opened lower as risk sentiment was hit after a weekend meetings of leaders from the G-20 nations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Trade Below USD79 As Global Outlook Weighs

Posted: 25 Sep 2011 03:02 PM PDT

By ForexMansion.com
Forexpros – Crude oil futures were down for a fourth day on Monday, dropping to a seven-week low as lingering concerns over the sovereign debt crisis in the euro zone and a firm U.S. dollar reduced the appeal of commodities.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD78.34 a barrel during European morning trade, tumbling 1.88%.
It earlier fell as much as 2.95% to trade at USD77.14 a barrel, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dollar Broadly Higher Vs. Rivals On Fresh E.Z. Concerns

Posted: 25 Sep 2011 03:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was broadly higher against its major counterparts on Monday, after weekend G-20 nations and International Monetary Fund meetings offered no new solutions on the euro zone debt crisis, denting risk appetite.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.41% to hit 1.3440.
The single currency came under pressure after Germany's Deputy Finance minister Joerg Asmussen said Sunday that Greece will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


German Ifo Business Climate Falls Less-than-expected

Posted: 25 Sep 2011 02:32 PM PDT

By ForexMansion.com
Forexpros – German business confidence declined less-than-expected in September, industry data showed on Monday.
In a report, the German research institute, Ifo said its Business Climate Index fell to a seasonally adjusted 107.5 in September from 108.7 in August. Analysts had expected the index to fall to 106.8.
The Current Assessment Index slipped to 117.9 from 118.1 last month, outperforming expectations for a decline to 115.5.
The Business Expectations Index dropped to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GBP/USD Erases Losses But Remains Vulnerable

Posted: 25 Sep 2011 02:32 PM PDT

By ForexMansion.com
Forexpros – The pound erased losses against the U.S. dollar on Monday, pulling away from the daily low but sterling remained vulnerable amid concerns that the feeble U.K. economy could prompt the Bank of England to implement more monetary easing.
GBP/USD pulled back from 1.5431, the daily low, to hit 1.5474 during early European trade, rising 0.18%.
Cable was likely to find support at 1.5330, Friday's low and a one-year low and short-term resistance at 1.5518, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


USD/JPY Down On Euro Zone Debt Concerns

Posted: 25 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was down against the yen on Monday, but remained locked in its recent range as concerns over the ongoing debt crisis in the euro zone and sell-offs in equities markets saw investors flock to safe haven assets.
USD/JPY hit 76.23 during late Asian trade, the daily low; the pair subsequently consolidated at 76.42, shedding 0.22%.
The pair was likely to find support at 75.94, the low of August 19 and the pair's all-time low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures Tumble To 3-month Low, Greece Fears Support

Posted: 25 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – Gold futures were down for a fourth day on Monday, extending last week's rout as a margin increase by the CME Group and a stronger U.S. dollar dampened the appeal of the precious metal.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,584.95 a troy ounce during late Asian trade, tumbling 3.3%.
It earlier fell as much as 6.5% to trade at USD1,533.35 a troy ounce, the lowest price since July 8.
Gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NZD/USD Drops To Almost 6-month Low In Risk-off Trade

Posted: 25 Sep 2011 01:32 PM PDT

By ForexMansion.com
Forexpros – The New Zealand dollar dropped to an almost six-month low on Monday, as renewed concerns over the euro zone debt crisis weighed on market sentiment, prompting demand for safer assets.
NZD/USD hit 0.7638 during late Asian trade, the pair's lowest since April 1; the pair subsequently consolidated at 0.7676, plummeting 1.05%.
The pair was likely to find support at 0.7492, the low of March 29 and resistance at 0.7868, the high of May 16.
Risk appetite was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GBP/USD Short-Term Update

Posted: 25 Sep 2011 01:15 PM PDT

By ForexMansion.com
GBPUSD: 1.5441
Short-Term Trend: downtrend
Outlook: Last week I said that we were in a bear market and if the pair rallied to 1.5950, this would be a good opportunity to take a short position. The market however was so week that couldn’t reach the 1.5950 level. Instead, it continued its decline and reached 1.5327 before recovering a bit. The next Fibo levels to watch are 1.5260 and 1.5000, so I expect further weakness going forward. but right now the market is severely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Sharply Lower On Greece Fears; Nikkei Down 2.2%

Posted: 25 Sep 2011 01:02 PM PDT

By ForexMansion.com
Forexpros – Asian stock markets tumbled on Monday, as market sentiment was weighed amid ongoing fears over a potential Greek default, while losses in Japanese exporters dragged the Nikkei down to a 29-month low.
During late Asian trade, Hong Kong's Hang Seng Index plunged 3.2%, Australia's ASX/200 Index dropped 1.1%, while Japan's Nikkei 225 Index tumbled 2.17% after being closed on Friday.
Fears over a potential Greek default intensified over the weekend after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EUR/USD Tumbles To 8-month Low Amid Debt Fears

Posted: 25 Sep 2011 01:02 PM PDT

By ForexMansion.com
Forexpros – The euro tumbled to an eight-month low against the U.S. dollar on Monday, as fears over a lack of progress in resolving the financial crisis in the euro zone saw investors shun riskier assets.
EUR/USD hit 1.3364 during late Asian trade, the pair's lowest since January 18; the pair subsequently consolidated at 1.3392, shedding .77%.
The pair was likely to find support at 1.3088, the low of January 13 and resistance at 1.3566, last Friday's high.
Weekend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EUR/USD Down During The Asian Session

Posted: 25 Sep 2011 12:02 PM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday.
EUR/USD was trading at 1.3408, down 0.67% at time of writing.
The pair was likely to find support at 1.3386, Thursday'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 0.71% to hit 0.8676 and EUR/JPY falling 1.10% to hit 102.26.
Forexpros

About ForexMansion.com:

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


GBP/USD Up In Asian Trade

Posted: 25 Sep 2011 11:32 AM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the U.S. Dollar on Monday.
GBP/USD was trading at 1.5454, up 0.05% 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.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.78% to hit 0.8670 and GBP/JPY falling 0.29% to hit 117.98.
Forexpros

About ForexMansion.com:

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


EUR/CHF Down In Asian Trading Hours

Posted: 25 Sep 2011 11:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the Swiss Franc on Monday.
EUR/CHF was trading at 1.2214, down 0.10% at time of writing.
The pair was likely to find support at 1.2148, Wednesday's low, and resistance at 1.2344, Thursday's high.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.66% to hit 1.3409 and EUR/JPY falling 0.91% to hit 102.45.
Forexpros

About ForexMansion.com:

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


USD/CHF Up During The Asian Session

Posted: 25 Sep 2011 10:33 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday.
USD/CHF was trading at 0.9111, up 0.59% 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.
Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.68% to hit 1.3406 and USD/JPY falling 0.26% to hit 76.40.
Forexpros

About ForexMansion.com:

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


USD/JPY Down In Asian Trading Hours

Posted: 25 Sep 2011 10:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.
USD/JPY was trading at 76.41, down 0.25% 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.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.55% to hit 1.3424 and GBP/USD rising 0.09% to hit 1.5460.
Forexpros

About ForexMansion.com:

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


EUR/GBP Down In Asian Trade

Posted: 25 Sep 2011 10:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the British Pound on Monday.
EUR/GBP was trading at 0.8672, down 0.76% at time of writing.
The pair was likely to find support at 0.8667, today's low, and resistance at 0.8795, Wednesday's high.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.71% to hit 1.3401 and EUR/JPY falling 0.93% to hit 102.43.
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USD/CAD Up During The Asian Session

Posted: 25 Sep 2011 09:31 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.
USD/CAD was trading at 1.0312, up 0.29% at time of writing.
The pair was likely to find support at 0.9918, Wednesday's low, and resistance at 1.0361, Thursday's high.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.49% to hit 1.3432 and GBP/USD rising 0.10% to hit 1.5461.
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AUD/USD Up In Asian Trade

Posted: 25 Sep 2011 08:32 AM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was higher against the U.S. Dollar on Monday.
AUD/USD was trading at 0.9783, up 0.04% at time of writing.
The pair was likely to find support at 0.9670, Friday's low, and resistance at 1.0292, Wednesday's high.
Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.58% to hit 1.3724 and AUD/JPY falling 0.14% to hit 74.79.
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Forex – GBP/CHF Up In Asian Trading Hours

Posted: 25 Sep 2011 08:32 AM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the Swiss Franc on Monday.
GBP/CHF was trading at 1.4054, up 0.44% at time of writing.
The pair was likely to find support at 1.3887, Thursday's low, and resistance at 1.4150, Thursday's high.
Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.01% to hit 1.5447 and EUR/GBP falling 0.50% to hit 0.8694.
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EUR/USD Down During The Asian Session

Posted: 25 Sep 2011 08:01 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday.
EUR/USD was trading at 1.3434, down 0.48% at time of writing.
The pair was likely to find support at 1.3386, Thursday'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 0.49% to hit 0.8695 and EUR/JPY falling 0.65% to hit 102.73.
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USD/JPY Up In Asian Trading Hours

Posted: 25 Sep 2011 07:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday.
USD/JPY was trading at 76.62, up 0.04% 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.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.59% to hit 1.3419 and GBP/USD rising 0.02% to hit 1.5450.
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EUR/JPY Down In Asian Trade

Posted: 25 Sep 2011 06:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the Japanese Yen on Monday.
EUR/JPY was trading at 103.31, down 0.09% at time of writing.
The pair was likely to find support at 102.22, Thursday's low, and resistance at 105.31, Wednesday's high.
Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.17% to hit 1.3475 and EUR/GBP falling 0.22% to hit 0.8718.
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