Thursday, September 22, 2011

DailyMarkets.com - U.K. CBI Industrial Order Expectations Worsen In September

DailyMarkets.com - U.K. CBI Industrial Order Expectations Worsen In September

U.K. CBI Industrial Order Expectations Worsen In September

Posted: 22 Sep 2011 03:05 AM PDT

Forexpros – U.K. industrial order expectations fell more-than-expected in September, industry data showed on Thursday.

In a report, the Confederation of British Industry said its index of industrial order expectations declined to minus 9.0 in September, compared to reading of 1.0 in August.

Analysts had expected the index to decline to minus 5.0 in September.

On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are for lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Hits 10-year Low Amid Global Growth Fears

Posted: 22 Sep 2011 02:58 AM PDT

Forexpros – The euro slumped to a 10-year low against the yen on Thursday, as renewed concerns over the outlook for global growth saw investors shun riskier assets in favor of the safe haven yen.

EUR/JPY hit 102.61 during European morning trade, the pair's lowest since mid-2001; the pair subsequently consolidated at 102.96, shedding 0.78%.

The pair was likely to find support at 101.59 and resistance at 104.36, the day's high.

After its policy meeting on Wednesday, the Federal Reserve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss ZEW Economic Expectations Deteriorate In September

Posted: 22 Sep 2011 02:29 AM PDT

Forexpros – Economic sentiment in Switzerland fell for the fifth consecutive month in September, as a strong Swiss franc and concerns over the euro zone's sovereign debt crisis weighed, data showed on Thursday.

In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment fell by 4.3 points to minus 75.7 in September from a reading of minus 71.4 in August.

A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Tumble On Fed Pessimism; DAX Plunges 4%

Posted: 22 Sep 2011 02:25 AM PDT

Forexpros – European stock markets plunged on Thursday, with lenders and commodity-linked stocks falling sharply after the Federal Reserve warned of "significant downside risks" facing the U.S. economy, while downbeat global manufacturing data also weighed.

During European morning trade, the EURO STOXX 50 sank 4.5%, France's CAC 40 tumbled 4.6%, while Germany's DAX 30 plunged 4%.

In a highly anticipated move, the Fed said it would buy USD400 billion worth of long-term Treasury bonds … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Industrial New Orders Fall More-than-expected

Posted: 22 Sep 2011 02:10 AM PDT

Forexpros – Industrial new orders in the euro zone fell more-than-expected in July, declining for the second consecutive month official data showed on Thursday.

In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 2.1% in July, after falling by 0.9% in June.

Analysts had expected industrial new orders to fall by 1.1% in July.

The report showed that the annualized rate of industrial new orders in the euro zone rose 8.4% in July, significantly below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Industrial New Orders (m/m) -2.1% Vs. -1.2% Expected.

Posted: 22 Sep 2011 02:01 AM PDT

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


Forex – Dollar Broadly Higher On Downbeat Fed Outlook

Posted: 22 Sep 2011 01:53 AM PDT

Forexpros – The U.S. dollar was higher against almost all of its major counterparts on Thursday, as investors sought refuge in safe haven assets after the Federal Reserve warned about "downside risks" to U.S. growth and unveiled fresh measures to shore up the economy.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.32% to hit 1.3530.

At the conclusion of its policy setting meeting on Wednesday the Fed unveiled a plan to trade short-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HKMA Holds Rate At 0.50% Following FOMC

Posted: 22 Sep 2011 01:48 AM PDT

The Hong Kong Monetary Authority kept its base interest rate unchanged at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25%, and $400B portfolio rearrangement.  Norman Chan, HKMA Chief Executive, said of the FOMC announcement: “This time the Fed’s new policies will not have any impact on Hong Kong’s interbank (HIBOR) interest rate,”.  Chan did however note discomfort with the Hong Kong housing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Drop Below USD83 A Barrel On Grim Fed Outlook

Posted: 22 Sep 2011 01:35 AM PDT

Forexpros – Crude oil futures plunged to a four-week low on Thursday, as the Federal Reserve's grim outlook for the U.S. economy and downbeat Chinese manufacturing data raised concerns over a slowdown in demand from the world's two largest oil consumers.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD83.02 a barrel during European morning trade, plunging 3.37%.

It earlier fell as much as 3.43% to trade at USD82.97 a barrel, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Iceland Keeps Rate At 4.50%

Posted: 22 Sep 2011 01:25 AM PDT

Iceland’s Sedlabanki held its seven-day collateral lending rate at 4.50%.  The Bank also held the deposit rate at 3.50% and overnight lending rate at 5.50%.  The Bank said: “inflation prospects suggest that, over the medium term, it is appropriate to continue the gradual withdrawal of monetary accommodation begun in August.  The risk that a modest interest rate hike will derail the economic recovery is low.  However, somewhat more favourable than expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD At Multi-month Low As Risk Appetite Crumbles

Posted: 22 Sep 2011 01:23 AM PDT

Forexpros – The pound fell to an eight-and-a-half month low against the U.S. dollar on Thursday, as risk appetite crumbled after the Federal Reserve warned about "significant" risks facing the U.S. economy and announced fresh measures to prop up growth.

GBP/USD hit 1.5439 during early European trade, the pair's lowest since January 7; the pair subsequently consolidated at 1.5459, shedding 0.25%.

Cable was likely to find support at 1.5349, the low of December 29 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Manufacturing PMI Falls To 25-month Low In September

Posted: 22 Sep 2011 01:06 AM PDT

Forexpros – Manufacturing activity in the euro zone fell more-than-expected in September, falling to the lowest level since August 2009, preliminary data showed on Thursday.

In a report, market research group Markit said that its preliminary manufacturing purchasing managers' index fell to a seasonally adjusted 48.4 in September, down from 49.0 in August.

Analysts had expected the index to decline to 48.6 in September.

On the index, a reading above 50.0 indicates industry expansion, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Erases Gains After Fed Unveils ’Twist’

Posted: 22 Sep 2011 01:05 AM PDT

Forexpros – The U.S. dollar erased gains against the yen on Thursday, pulling back from a three-day high after the Federal Reserve warned of risks to the U.S. economy and unveiled fresh measures to boost growth.

USD/JPY pulled away from 76.96, the pair's highest since Monday, to hit 76.38 during late Asian trade, slipping 0.10%.

The pair was likely to find support at 76.10, Wednesday's low and a one-month low and resistance at 76.96, the days high.

The Fed unveiled a plan to sell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Manufacturing PMI (m/m) 48.4 Vs. 48.5 Expected.

Posted: 22 Sep 2011 12:59 AM PDT

Services 49.1 vs. 51.0 expected and 49.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Tumble To 4-day Low As U.S. Dollar Rallies

Posted: 22 Sep 2011 12:43 AM PDT

Forexpros – Gold futures were down for a second day on Thursday, extending losses from the previous session as the U.S. dollar gained broadly after the Federal Reserve warned of “significant downside risks" for the U.S. economy.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,771.65 a troy ounce during late Asian trade, tumbling 1.89%.

It earlier fell as much as 2.09% to trade at USD1,767.15 a troy ounce, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Falls Below Parity After Fed Announcement

Posted: 22 Sep 2011 12:36 AM PDT

Forexpros – The Australian dollar slumped to a six-week low against its U.S. counterpart on Thursday, falling below parity after the Federal Reserve announced fresh measures to shore up growth and after weak Chinese manufacturing data.

AUD/USD hit 0.9982 during late Asian trade, the pair's lowest since August 9; the pair subsequently consolidated at 0.9988, shedding 0.54%.

The pair was likely to find support at 0.9925, the low of August 9 and a five-month low and resistance at 1.0078, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Manufacturing PMI Drops To 24-month Low In September

Posted: 22 Sep 2011 12:36 AM PDT

Forexpros – Manufacturing activity in Germany fell more-than-expected in September, dropping to a 24-month low, preliminary data showed on Thursday.

In a report, market research group Markit said that its preliminary German manufacturing purchasing managers' index fell to a seasonally adjusted 50.0 in September, down from 50.9 in August.

Analysts had expected the index to decline to 50.2 in September.

A reading above 50.0 on the index indicates industry expansion, below indicates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Hits 4-month Low After Fed, GDP Data

Posted: 22 Sep 2011 12:12 AM PDT

Forexpros – The New Zealand dollar was sharply lower against its U.S. counterpart on Thursday, falling to a four-month trough after disappointing domestic GDP data and after the Federal Reserve warned of “significant" risks for the U.S. economy.

NZD/USD hit 0.7940 during late Asian trade, the pair's lowest since May 25; the pair subsequently consolidated at 0.7972, shedding 0.51%.

The pair was likely to find support at 0.7857, the low of May 23 and resistance at 0.8063, the day's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Plunge On Dismal Fed Outlook; Nikkei Tumbles 2.1%

Posted: 21 Sep 2011 11:49 PM PDT

Forexpros – Asian stock markets tumbled on Thursday, after the Federal Reserve announced fresh stimulus measures to bolster the U.S. economy, while noting "significant downside risks" to the economic forecast.

During late Asian trade, Hong Kong’s Hang Seng Index plunged 4.2%, Australia's ASX/200 Index dropped 2.52%, while Japan's Nikkei 225 Index tumbled 2.07%.

In a highly anticipated move, the Fed said it would buy USD400 billion worth of long-term Treasury bonds by June 2012, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Hits 8-day Low After Fed Move

Posted: 21 Sep 2011 11:32 PM PDT

Forexpros – The euro was down against the broadly stronger U.S. dollar on Thursday, falling to an eight-day low after the Federal Reserve warned of “significant" risks for the U.S. economy and unveiled a new plan to lower long-term borrowing costs.

EUR/USD hit 1.3528 during late Asian trade, the pair's lowest since September 12; the pair subsequently consolidated at 1.3548, shedding 0.18%.

The pair was likely to find support at 1.3493, the low of September 12 and a seven-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: A.T. Cross Co.

Posted: 21 Sep 2011 11:05 PM PDT

 
CROSS(AT)-A (ATX): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Techne Corporation

Posted: 21 Sep 2011 11:05 PM PDT

 
TECHNE CORP (TECH): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Amerisafe, Inc. (AMSF)

Posted: 21 Sep 2011 11:05 PM PDT

Amerisafe, Inc.’s (NASDAQ:AMSF) second-quarter earnings lagged the Zacks Consensus Estimate substantially, due to high underwriting loss and reduced investment income coupled with higher expenses, which significantly deteriorated the combined ratio, operating cash flow and ROE.
The top-line growth was only cushioned by higher premiums written and earned as other revenue sources failed to showcase growth. Though the pricing environment has witnessed some improvement, the company is expected to face … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: ONEOK Partners, L.P. (OKS)

Posted: 21 Sep 2011 11:05 PM PDT

Second-quarter results for ONEOK Partners LP (NYSE:OKS) surpassed Zacks Consensus Estimates and beat year-over-year comparisons. OKS’ distinct competitive advantages include its scale and financial strength, its broad array of services, supply diversity, excellent market connectivity and low operating costs.
Despite completing a 2-for-1 stock split, we see the partnership as having good potential to maintain a solid balance sheet and investment-grade ratings, while also growing its earnings. Plus, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Rises In Mid-day Asian Trade

Posted: 21 Sep 2011 08:10 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved higher against its major counterparts in Asian trade Thursday, following the Federal Reserve Bank's decision to leave interest rates untouched and institute a USD400 billion debt-swap program.
In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.11% to hit 1.3560.
At the conclusion of its two-day Federal Open Market Committee Meeting Wednesday, the U.S. Federal Reserve said it would be replacing a portion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lifted In Mid-day Asian Trade

Posted: 21 Sep 2011 07:31 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved higher against the Japanese yen in Asian Thursday,
aided by better than expected U.S. housing figures but tempered by market disappointment in the outcome of the Federal Reserve's latest policy meeting.
In mid-day Asian trade USD/JPY hit 76.93, the pair's highest since; the pair subsequently consolidated at 76.78, gaining 0.41%.
The pair was likely to find support at 75.97, the low of August 19, and resistance at 77.58 last Monday's high.
At … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Stumble In Early Trade; Nikkei Falls 1.4%

Posted: 21 Sep 2011 06:47 PM PDT

Forexpros –
Forexpros – Asian stocks fell in Thursday trade, with financial issues dragging regional markets lower as dealers reacted negatively to the results of the U.S. Federal Reserve's latest policy meeting.
During early Asian trade, Hong Kong's Hang Seng Index fell 1% to 18,824.20, Japan's Nikkei 225 Index lost 1.4% to 8,618.38, while Australia's S&P/ASX 200 sank 2.5% to 3,970.10.
Along with the Nikkei, the broader-based Topix Index of all issues listed on the first section … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Come On Baby, Let’s Do The Twist

Posted: 21 Sep 2011 06:02 PM PDT

Chubby Checker, a diminutive Fats Domino, sort of, came out with "The Twist" in the summer of 1960, just as I was starting college. It was in the nick of time for me, since I didn't, or couldn't, dance. In my tiny high school in rural North Georgia, dancing was not considered manly for boys. What little dancing (jitterbugging actually) that was done was done by girls in their bobby socks and multiple crinolines. The boys didn't participate, but they couldn't help take notice.
My … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss ZEW Economic Expectations Deteriorate In September

Posted: 21 Sep 2011 04:02 PM PDT

By ForexMansion.com
Forexpros – Economic sentiment in Switzerland fell for the fifth consecutive month in September, as a strong Swiss franc and concerns over the euro zone's sovereign debt crisis weighed, data showed on Thursday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment fell by 4.3 points to minus 75.7 in September from a reading of minus 71.4 in August.
A reading above 0.0 on the indicator indicates optimism, while a score below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/JPY Hits 10-year Low Amid Global Growth Fears

Posted: 21 Sep 2011 04:02 PM PDT

By ForexMansion.com
Forexpros – The euro slumped to a 10-year low against the yen on Thursday, as renewed concerns over the outlook for global growth saw investors shun riskier assets in favor of the safe haven yen.
EUR/JPY hit 102.61 during European morning trade, the pair's lowest since mid-2001; the pair subsequently consolidated at 102.96, shedding 0.78%.
The pair was likely to find support at 101.59 and resistance at 104.36, the day's high.
After its policy meeting on Wednesday, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Industrial New Orders Fall More-than-expected

Posted: 21 Sep 2011 03:32 PM PDT

By ForexMansion.com
Forexpros – Industrial new orders in the euro zone fell more-than-expected in July, declining for the second consecutive month official data showed on Thursday.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 2.1% in July, after falling by 0.9% in June.
Analysts had expected industrial new orders to fall by 1.1% in July.
The report showed that the annualized rate of industrial new orders in the euro zone rose 8.4% in July, significantly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Tumble On Fed Pessimism; DAX Plunges 4%

Posted: 21 Sep 2011 03:32 PM PDT

By ForexMansion.com
Forexpros – European stock markets plunged on Thursday, with lenders and commodity-linked stocks falling sharply after the Federal Reserve warned of "significant downside risks" facing the U.S. economy, while downbeat global manufacturing data also weighed.
During European morning trade, the EURO STOXX 50 sank 4.5%, France's CAC 40 tumbled 4.6%, while Germany's DAX 30 plunged 4%.
In a highly anticipated move, the Fed said it would buy USD400 billion worth of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher On Downbeat Fed Outlook

Posted: 21 Sep 2011 03:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was higher against almost all of its major counterparts on Thursday, as investors sought refuge in safe haven assets after the Federal Reserve warned about "downside risks" to U.S. growth and unveiled fresh measures to shore up the economy.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.32% to hit 1.3530.
At the conclusion of its policy setting meeting on Wednesday the Fed unveiled a plan to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Drop Below USD83 A Barrel On Grim Fed Outlook

Posted: 21 Sep 2011 03:02 PM PDT

By ForexMansion.com
Forexpros – Crude oil futures plunged to a four-week low on Thursday, as the Federal Reserve's grim outlook for the U.S. economy and downbeat Chinese manufacturing data raised concerns over a slowdown in demand from the world's two largest oil consumers.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD83.02 a barrel during European morning trade, plunging 3.37%.
It earlier fell as much as 3.43% to trade at USD82.97 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Erases Gains After Fed Unveils ’Twist’

Posted: 21 Sep 2011 02:33 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar erased gains against the yen on Thursday, pulling back from a three-day high after the Federal Reserve warned of risks to the U.S. economy and unveiled fresh measures to boost growth.
USD/JPY pulled away from 76.96, the pair's highest since Monday, to hit 76.38 during late Asian trade, slipping 0.10%.
The pair was likely to find support at 76.10, Wednesday's low and a one-month low and resistance at 76.96, the days high.
The Fed unveiled a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD At Multi-month Low As Risk Appetite Crumbles

Posted: 21 Sep 2011 02:33 PM PDT

By ForexMansion.com
Forexpros – The pound fell to an eight-and-a-half month low against the U.S. dollar on Thursday, as risk appetite crumbled after the Federal Reserve warned about "significant" risks facing the U.S. economy and announced fresh measures to prop up growth.
GBP/USD hit 1.5439 during early European trade, the pair's lowest since January 7; the pair subsequently consolidated at 1.5459, shedding 0.25%.
Cable was likely to find support at 1.5349, the low of December 29 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Manufacturing PMI Falls To 25-month Low In September

Posted: 21 Sep 2011 02:33 PM PDT

By ForexMansion.com
Forexpros – Manufacturing activity in the euro zone fell more-than-expected in September, falling to the lowest level since August 2009, preliminary data showed on Thursday.
In a report, market research group Markit said that its preliminary manufacturing purchasing managers' index fell to a seasonally adjusted 48.4 in September, down from 49.0 in August.
Analysts had expected the index to decline to 48.6 in September.
On the index, a reading above 50.0 indicates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Manufacturing PMI Drops To 24-month Low In September

Posted: 21 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – Manufacturing activity in Germany fell more-than-expected in September, dropping to a 24-month low, preliminary data showed on Thursday.
In a report, market research group Markit said that its preliminary German manufacturing purchasing managers' index fell to a seasonally adjusted 50.0 in September, down from 50.9 in August.
Analysts had expected the index to decline to 50.2 in September.
A reading above 50.0 on the index indicates industry expansion, below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Tumble To 4-day Low As U.S. Dollar Rallies

Posted: 21 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – Gold futures were down for a second day on Thursday, extending losses from the previous session as the U.S. dollar gained broadly after the Federal Reserve warned of "significant downside risks" for the U.S. economy.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,771.65 a troy ounce during late Asian trade, tumbling 1.89%.
It earlier fell as much as 2.09% to trade at USD1,767.15 a troy ounce, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Falls Below Parity After Fed Announcement

Posted: 21 Sep 2011 02:02 PM PDT

By ForexMansion.com
Forexpros – The Australian dollar slumped to a six-week low against its U.S. counterpart on Thursday, falling below parity after the Federal Reserve announced fresh measures to shore up growth and after weak Chinese manufacturing data.
AUD/USD hit 0.9982 during late Asian trade, the pair's lowest since August 9; the pair subsequently consolidated at 0.9988, shedding 0.54%.
The pair was likely to find support at 0.9925, the low of August 9 and a five-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Hits 4-month Low After Fed, GDP Data

Posted: 21 Sep 2011 01:32 PM PDT

By ForexMansion.com
Forexpros – The New Zealand dollar was sharply lower against its U.S. counterpart on Thursday, falling to a four-month trough after disappointing domestic GDP data and after the Federal Reserve warned of "significant" risks for the U.S. economy.
NZD/USD hit 0.7940 during late Asian trade, the pair's lowest since May 25; the pair subsequently consolidated at 0.7972, shedding 0.51%.
The pair was likely to find support at 0.7857, the low of May 23 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Hits 8-day Low After Fed Move

Posted: 21 Sep 2011 01:03 PM PDT

By ForexMansion.com
Forexpros – The euro was down against the broadly stronger U.S. dollar on Thursday, falling to an eight-day low after the Federal Reserve warned of "significant" risks for the U.S. economy and unveiled a new plan to lower long-term borrowing costs.
EUR/USD hit 1.3528 during late Asian trade, the pair's lowest since September 12; the pair subsequently consolidated at 1.3548, shedding 0.18%.
The pair was likely to find support at 1.3493, the low of September 12 and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Plunge On Dismal Fed Outlook; Nikkei Tumbles 2.1%

Posted: 21 Sep 2011 01:03 PM PDT

By ForexMansion.com
Forexpros – Asian stock markets tumbled on Thursday, after the Federal Reserve announced fresh stimulus measures to bolster the U.S. economy, while noting "significant downside risks" to the economic forecast.
During late Asian trade, Hong Kong's Hang Seng Index plunged 4.2%, Australia's ASX/200 Index dropped 2.52%, while Japan's Nikkei 225 Index tumbled 2.07%.
In a highly anticipated move, the Fed said it would buy USD400 billion worth of long-term Treasury … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 21 Sep 2011 10:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Selling pressure hit the FTSE 100 hard on Wednesday triggering a sharp sell-off on the 240-minute chart. The break though the previous day's low at 5219.10 is a sign that the selling pressure is greater than the buying pressure at current levels. In addition, the break helped create a pair of new main tops at 5368.40 and 5406.10. The lower-top, lower-bottom formation is an indication that further downside pressure is likely.

Based on the short-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Germany 30 (DE30)

Posted: 21 Sep 2011 09:32 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Shortly before the release of today's U.S. Federal Reserve monetary policy statement, the Germany 30 (DE30) index CFD is trading lower. Selling pressure has caused the market to penetrate the support line of a triangle chart pattern, indicating further downside pressure to the Autochartist forecast zone at 5290.10 to 5093.12 is possible over the near-term.

The overall quality of the chart pattern is an average 5-bars. The 1-bar initial trend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Rises In Mid-day Asian Trade

Posted: 21 Sep 2011 09:32 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The U.S. dollar moved higher against its major counterparts in Asian trade Thursday, following the Federal Reserve Bank's decision to leave interest rates untouched and institute a USD400 billion debt-swap program.
In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.11% to hit 1.3560.
At the conclusion of its two-day Federal Open Market Committee Meeting Wednesday, the U.S. Federal Reserve said it would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Lifted In Mid-day Asian Trade

Posted: 21 Sep 2011 08:32 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The U.S. dollar moved higher against the Japanese yen in Asian Thursday,
aided by better than expected U.S. housing figures but tempered by market disappointment in the outcome of the Federal Reserve's latest policy meeting.
In mid-day Asian trade USD/JPY hit 76.93, the pair's highest since; the pair subsequently consolidated at 76.78, gaining 0.41%.
The pair was likely to find support at 75.97, the low of August 19, and resistance at 77.58 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Stumble In Early Trade; Nikkei Falls 1.4%

Posted: 21 Sep 2011 08:02 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Asian stocks fell in Thursday trade, with financial issues dragging regional markets lower as dealers reacted negatively to the results of the U.S. Federal Reserve's latest policy meeting.
During early Asian trade, Hong Kong's Hang Seng Index fell 1% to 18,824.20, Japan's Nikkei 225 Index lost 1.4% to 8,618.38, while Australia's S&P/ASX 200 sank 2.5% to 3,970.10.
Along with the Nikkei, the broader-based Topix Index of all issues listed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Retreats In Early Asian Trade

Posted: 21 Sep 2011 07:02 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Thursday, paring earlier gains as the U.S. International Energy Agency reported a steep drop in U.S. crude supplies for the week.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD84.56 a barrel during early Asian trade, falling 0.14%, after hitting a daily high of USD85.00.
Earlier Wednesday, the IEA reported that U.S. crude oil inventories declined by 7.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Up In Early Asian Trade

Posted: 21 Sep 2011 06:33 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Gold futures moved marginally higher in Asian trade Thursday, as the decision from the U.S. Federal Reserve to "twist" the yield curve on government bonds failed to convince global investors that the move was enough to revive the U.S. economy.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,784.85 a troy ounce during early Asian trade, up 0.07%, after hitting a high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Rises In Early Asian Trade

Posted: 21 Sep 2011 06:02 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The euro moved higher against the U.S. dollar in Asian trade Thursday,
following the U.S. Federal Reserve's decision to implement a USD400 billion debt-swap program in an effort to ward off economic recession.
EUR/USD hit 1.3601 in early Asian trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3582, rising 0.13%.
The pair was likely to find support at 1.3500, last Monday's low, and resistance at 1.3882, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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