DailyMarkets.com - Crude Oil Looks To Stocks For Direction, Gold Locked In Familiar Range

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• Crude Oil Looks To Stocks For Direction, Gold Locked In Familiar Range
• Forex – Dollar Mixed Amid Jitters Ahead Of EU Summit
• Crude Oil Futures Extend Rally To 3-month High
• European Stocks Mixed Ahead Of Debt Talks; DAX Down 0.16%
• Forex – GBP/USD Off 6-week High As BoE Testimony Eyed
• U.K. Q2 Current Account Deficit Narrows Unexpectedly
• Gold Futures Edge Higher With EU Summit In Focus
• Forex – USD/JPY Almost Unchanged, Close To Record Low
• AUD/USD Higher As Markets Eye E.Z. Talks
• Swiss UBS Consumption Improves Slightly In September
• Asia Stocks Mixed Ahead Of EU Summit; Nikkei Sheds 0.9%
• Forex – NZD/USD Down Ahead Of E.U. Summit
• Forex – EUR/USD Slips Amid Uncertainty Ahead Of EU Summit
• German Gfk Consumer Climate Rises Unexpectedly
• Reserve Bank Of India Hikes Rate 25bps To 8.50%
• Bear Of The Day: The Bank Of New York-Mellon (BK)
• Growth & Income Stock: Family Dollar Stores, Inc.
• Momentum Stock: Tempur Pedic International, Inc.
• Bull Of The Day: Brightpoint, Inc. (CELL)
• Aggressive Growth Stock: Exponent, Inc.
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex Trading: Usd/hkd Trades Lower After Testing The 23.6% Retracement Level
• Forex Trading: Usd/hkd Bounces Off The 100 Bar Moving Average
• Forex Trading: USDCNH Trading Off Trendline
• Forex Trading: Usd/cnh Still Trading In A Downward Channel In The Hourly Chart.
• Daily FTSE Technical Update
• An Underwhelming Summit Unveils The Dead Euro-parrot

Crude Oil Looks To Stocks For Direction, Gold Locked In Familiar Range Posted: 25 Oct 2011 03:16 AM PDT Talking Points Crude Oil Tracks Choppy Risk Sentiment Trends Ahead of EU Summit Gold and Silver Driven by QE3 Expectations, US Dollar Price Action WTI Crude Oil (NY Close): $91.27 // +3.87 // +4.43% Crude oil remains anchored to broad-based risk sentiment trends, with the outlook clouded as European stock exchanges and S&P 500 stock index futuresswing between gains and losses ahead of the opening bell on Wall Street. Traders appear unwilling to committo a directional bias before … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed Amid Jitters Ahead Of EU Summit Posted: 25 Oct 2011 02:40 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Tuesday, as uncertainty over the outcome of Wednesday's key European Union summit meeting weighed on risk appetite. During European morning trade, the greenback was fractionally lower against the euro, with EUR/USD inching up 0.05% to hit 1.3940. Investors remained jittery ahead of Wednesday's EU summit which it was hoped would result in a comprehensive plan to tackle the debt crisis in the euro zone. Earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Extend Rally To 3-month High Posted: 25 Oct 2011 02:22 AM PDT Forexpros – Crude oil futures extended sharp gains from the previous session on Tuesday, surging to a three-month high amid optimism that Wednesday's European Union summit would result in a breakthrough in resolving the region's debt crisis. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD92.55 a barrel during European morning trade, jumping 1.4%. It earlier rose by as much as 1.74% to trade at USD92.98 a barrel, the highest price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed Ahead Of Debt Talks; DAX Down 0.16% Posted: 25 Oct 2011 02:11 AM PDT Forexpros – European stock markets were mixed on Tuesday, as investors remained cautious ahead of Wednesday’s European Union summit which investors hoped would result in a viable solution to the region’s debt crisis. During European morning trade, the EURO STOXX 50 eased down 0.45%, France's CAC 40 dropped 0.56%, while Germany's DAX 30 fell 0.16%. On Sunday, euro zone officials neared a deal on bank recapitalization, while France and Germany advanced discussions on enhancing of the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Off 6-week High As BoE Testimony Eyed Posted: 25 Oct 2011 01:54 AM PDT Forexpros – The pound inched lower against the U.S. dollar on Tuesday, pulling back from a six-week high amid caution ahead of Wednesday's critical European Union summit and as Bank of England policymakers prepared to testify on the resumption of monetary easing. GBP/USD retreated from 1.6022 the pair's highest since September 8, to hit 1.5987 during European morning trade, dipping 0.06%. Cable was likely to find support at 1.5843, the low of September 8 and resistance at 1.6038, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Q2 Current Account Deficit Narrows Unexpectedly Posted: 25 Oct 2011 01:39 AM PDT Forexpros – The U.K. current account deficit narrowed unexpectedly in the second quarter, official data showed on Tuesday. In a report, the U.K.'s National Statistics Office said that the U.K. current account recorded a seasonally adjusted deficit of GBP2.0 billion in the second quarter, narrowing from a deficit of GBP4.1 billion in the preceding quarter, whose figure was revised from a deficit of GBP9.4 billion. Economists had expected the current account deficit to widen to GBP9.9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Higher With EU Summit In Focus Posted: 25 Oct 2011 01:28 AM PDT Forexpros – Gold futures were up for a third day on Tuesday, as traders remained cautious ahead of Wednesday’s critical European Union summit, while strong physical demand in Asia continued to underpin prices. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,659.05 a troy ounce during early European trade, climbing 0.41%. It earlier rose by as much as 0.68% to trade at USD1,664.65 a troy ounce, the highest price since October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Almost Unchanged, Close To Record Low Posted: 25 Oct 2011 01:15 AM PDT Forexpros – The U.S. dollar almost unchanged against the yen on Tuesday, trading close to last Friday's record low amid ongoing speculation that Japan would intervene in currency markets to weaken the yen. USD/JPY hit 76.04 during late Asian trade, the daily low; the pair subsequently consolidated at 76.09, unchanged on the day. The pair was likely to find support at 75.73, last Friday's low and the pair's all-time low and short-term resistance at 76.48, Monday's high. Earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Higher As Markets Eye E.Z. Talks Posted: 25 Oct 2011 01:03 AM PDT Forexpros – The Australian dollar edged higher against its U.S. counterpart on Tuesday, as investors eyed this week’s European summit with hopes it will result in a viable solution to the region’s deepening debt crisis. AUD/USD hit 1.0493 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0490, gaining 0.14%. The pair was likely to find support at 1.0312, Monday’s low and resistance at 1.0605, the high of September 6. Risk sentiment was boosted after European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss UBS Consumption Improves Slightly In September Posted: 25 Oct 2011 12:56 AM PDT Forexpros – Switzerland’s UBS consumption improved slightly in September, after falling sharply between June and August, industry data showed on Tuesday. In a report, Swiss bank UBS said its consumption indicator eased up by 0.04 points to 0.84 in September from 0.80 in August, whose figure was revised up from 0.79. The slight increase was due to the continued high number of new car registrations, which in September was 18.6% above the previous year's level. The UBS consumption indicator … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Mixed Ahead Of EU Summit; Nikkei Sheds 0.9% Posted: 25 Oct 2011 12:50 AM PDT Forexpros – Asian stock markets were mixed on Tuesday, as traders remained cautious ahead of Wednesday’s critical European Union summit, which markets hope will result in a viable solution to the euro zone’s debt crisis. During late Asian trade, Hong Kong’s Hang Seng Index rose 0.9%, Australia's ASX/200 Index shed 0.65%, while Japan's Nikkei 225 Index fell 0.9%. German Chancellor Angela Merkel and fellow European leaders will meet in Brussels tomorrow for a second summit in four days to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down Ahead Of E.U. Summit Posted: 25 Oct 2011 12:46 AM PDT Forexpros – The New Zealand dollar was down against its U.S. counterpart on Tuesday, as uncertainty over the outcome of Wednesday’s European summit on the region’s debt crisis saw investors shun riskier assets. NZD/USD hit 0.8023 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8053, shedding 0.26%. The pair was likely to find support at 0.7898, the low of October 21 and resistance 0.8122, the high of June 28. European leaders neared a deal over the weekend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips Amid Uncertainty Ahead Of EU Summit Posted: 25 Oct 2011 12:30 AM PDT Forexpros – The euro slipped against the U.S. dollar on Tuesday, pulling away from Monday's six-week high but remained supported by hopes that European Union leaders would unveil a plan to tackle the region's debt crisis at a summit on Wednesday. EUR/USD hit 1.3878 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3908, shedding 0.15%. The pair was likely to find support at 1.3703, the low of October 21 and resistance at 1.3956, Monday's high and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Gfk Consumer Climate Rises Unexpectedly Posted: 25 Oct 2011 12:22 AM PDT Forexpros – Germany’s consumer climate for November rose unexpectedly, industry data showed on Tuesday. In a report, market research group Gfk said its index of Germany’s consumer climate rose to 5.3 in November from 5.2 in October. Analysts had expected the index to ease down to 5.1 in November. While income expectations and willingness to buy once again improved slightly, the downward trend in economic expectations of recent months has continued. Ongoing discussions relating to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reserve Bank Of India Hikes Rate 25bps To 8.50% Posted: 25 Oct 2011 12:21 AM PDT The Reserve Bank of India [RBI] raised its repo rate by 25 basis points to 8.50% from 8.25% and raised the reverse repo rate to 7.50% from 7.25%.  The RBI said: “both inflation and inflation expectations remain high. Inflation is broad-based, and is above the comfort level of the Reserve Bank. We expect these levels to persist for two more months. There are potential risks of expectations becoming unhinged in the event of a pre-mature change in the policy stance. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: The Bank Of New York-Mellon (BK) Posted: 24 Oct 2011 11:00 PM PDT The Bank of New York-Mellon’s (NYSE:BK) third-quarter 2011 earnings were in line with the Zacks Consensus Estimate. However, reduction in fee revenue and lower net interest margin were the headwinds. A low interest rate environment and various lawsuits filed against the company are expected to dent its profitability and lead to higher expenses over the medium term. BNY Mellon shares currently trade at 8.9x our earnings estimate for 2011, 14% discount to the 10.3x for the industry average. On a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Family Dollar Stores, Inc. Posted: 24 Oct 2011 11:00 PM PDT Estimates have been rising for Family Dollar Stores, Inc. (NYSE:FDO) after the company reported better than expected results for its fiscal fourth quarter. Same-store sales rose a solid 5.6% while EPS jumped 18% year-over-year. Management issued bullish guidance for its fiscal 2012, prompting analysts to raise their estimates and sending the stock to a Zacks #2 Rank (Buy). Much like other deep discount retailers, Family Dollar has seen strong sales and EPS growth over the last few years as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Tempur Pedic International, Inc. Posted: 24 Oct 2011 11:00 PM PDT Tempur Pedic International, Inc. (TPX) has rallied in a big way in October, gaining more than 50% after jumping from $46 to $70. The company’s recent earnings surprise and a bullish growth projection should continue to provide momentum for this Zacks #1 Rank stock. Company Description Tempur Pedic International manufactures and sells beds and bedding products in North America and internationally. The company was founded in 1989 and has a market cap of $4.65 billion. With earnings season under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Brightpoint, Inc. (CELL) Posted: 24 Oct 2011 11:00 PM PDT We upgrade our recommendation on Brightpoint, Inc. (NASDAQ:CELL) to Outperform based on our view that galloping demand for high-end smartphones and tablets throughout the world will drive the company’s valuation level higher in the near future. We believe the long-term business prospect of Brightpoint remains intriguing buoyed by the growing demand for high-end pocket digital assistances globally. Newly acquired devices distribution agreements coupled with effective cost-control strategies will pave … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Exponent, Inc. Posted: 24 Oct 2011 11:00 PM PDT Exponent, Inc (NASDAQ:EXPO) is coming off of yet another earning surprise. The company also raised its guidance, which drove analysts to do the same. Company Description Exponent is an engineering and scientific consulting firm. The company is best known for analyzing accidents and failures but is growing its presence in the human health, environmental and engineering issues areas. Big Beat On Oct 19 Exponent reported third-quarter results that included EPS of $0.60 per share, 9 cents higher than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 24 Oct 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3888, down 0.30% at time of writing. The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3956, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8698 and EUR/JPY falling 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 24 Oct 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5983, down 0.09% at time of writing. The pair was likely to find support at 1.5682, Thursday's low, and resistance at 1.6007, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8700 and GBP/JPY falling 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Trades Lower After Testing The 23.6% Retracement Level Posted: 24 Oct 2011 07:34 PM PDT usd/hkd trades lower after testing the 23.6% retracement level back close to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Bounces Off The 100 Bar Moving Average Posted: 24 Oct 2011 07:34 PM PDT usd/hkd bounces off the 100 bar moving average and now trading around recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Trading Off Trendline Posted: 24 Oct 2011 07:34 PM PDT The USDCNH pair that has been under pressure for a number of sessions has caught some support on a steep short-term trendline ahead of 76.4% retracement of the move to the September highs. A move back through the 100 day moving average could prove bullish particularly if the USD retraces some of its losses the last few sessions, heading into Wednesday's Euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Still Trading In A Downward Channel In The Hourly Chart. Posted: 24 Oct 2011 07:34 PM PDT usd/cnh still trading in a downward channel in the hourly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 24 Oct 2011 06:32 AM PDT By ForexMansion.com by, James A. Hyerczyk An early breakout by the FTSE 100 set the tone for the day as the market continued to rally throughout the trading session. The strong up move gained back all of last week's late sell-off and even inched through last week's high at 5543.70 with a rally to 5551.53. The close near the high of the day has put the index in a position to rally further on Tuesday. Monday's low at 5487.21 is significant because it means that support has been established … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

An Underwhelming Summit Unveils The Dead Euro-parrot Posted: 24 Oct 2011 12:27 AM PDT If this is a Monday, then it’s time to read the news from the euro summit of the week from the weekend. The news appears to be highly underwhelming. Bruno Waterfield of the Telegraph reports that the level of disunity has increased and panic is setting in. First came the bombshell [emphasis added]: [A] new bombshell hit as a joint report by the EU and the International Monetary Fund (IMF) warned that, without a default, the Greek debt crisis alone could swallow the eurozone’s entire €440 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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