DailyMarkets.com - European Stocks Higher On Debt Plan Hopes; DAX Up 0.78%

---

• European Stocks Higher On Debt Plan Hopes; DAX Up 0.78%
• Forex Trading: Eurozone Industrial New Orders
• Crude Oil Futures Pare Gains After Dismal Euro Zone PMI Data
• Euro Zone Industrial New Orders Jump More-than-expected
• Forex – Dollar Mixed Vs. Rivals Amid E.Z. Hopes
• Forex – GBP/USD Off 6-week High, Tracking Euro Lower
• Gold Climbs To 3-day High With EU Developments In Focus
• Forex Trading: Eurozone Flash Mfg. & Services PMI
• Forex – USD/JPY Edges Lower After Japan Warning On Yen
• Forex – NZD/USD Higher On E.Z. Debt Plan Hopes
• Euro Zone Manufacturing PMI Falls To 27-month Low
• Forex – AUD/USD Higher On Sustained E.Z. Optimism
• German Manufacturing PMI Drops To 27-month Low
• Asia Stocks Rally On EU Hopes, China Data; Nikkei Jumps 1.9%
• Forex – EUR/USD Steady On Debt Deal Plan Hopes
• Aggressive Growth Stock: Dana Holding Corp
• Momentum Stock: Manhattan Associates, Inc.
• Growth & Income Stock: Intel Corporation
• Bear Of The Day: Grupo Televisa S.A.
• Bull Of The Day: Texas Capital Bancshares (TCBI)
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Up During The Asian Session
• Groupon Prepares For Its Debut
• Forex – EUR/GBP Down In Asian Trade
• Forex – USD/JPY Down In Asian Trading Hours
• Forex Trading: Usd/hkd Testing The 100 Mv
• Crude Oil Analysis: Power Of The “P”
• Forex – USD/CAD Down During The Asian Session
• Singapore Stock Market Update For Monday 24 October
• Forex – AUD/USD Down In Asian Trade
• Forex – GBP/JPY Up In Asian Trading Hours
• Forex – EUR/USD Down During The Asian Session
• Forex Trading: Usd/hkd Trading Above Trend-line.
• Forex Trading: Usd/hkd Testing The 33.6% Retracement Level.
• Forex – USD/JPY Up In Asian Trading Hours
• Forex – AUD/USD Down On Economic Data
• Australian Producer Price Inflation Rises Less-than-expected
• Forex – EUR/JPY Down In Asian Trade
• Forex – USD/JPY Up On Economic Data
• S&P500 Short-Term Updatre
• EUR/USD Short-Term Update
• Daily Indices Update: Australia 200 (AUS200)
• Weekly Index Update: Japan 225 (JP225)
• Listen To Which Market?

European Stocks Higher On Debt Plan Hopes; DAX Up 0.78% Posted: 24 Oct 2011 03:00 AM PDT Forexpros – European stock markets edged higher on Monday, despite weaker-than-expected euro zone PMI data amid growing hopes of an imminent plan to solve the region’s sovereign debt crisis. During European morning trade, the EURO STOXX 50 rose 0.28%, France's CAC 40 climbed 0.27%, while Germany's DAX 30 gained 0.78%. Over the weekend, European leaders appeared to be moving closer to a new plan to stem the region’s financial crisis, including measures to recapitalize banks and boost the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Industrial New Orders Posted: 24 Oct 2011 02:32 AM PDT E/Z Industrial New Oreders m/m came in at 1.9%, stronger than the 0.1% expected. The news has momentarily stopped Eur/Usd's slide, as the pair is up 10 points off recent low to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Pare Gains After Dismal Euro Zone PMI Data Posted: 24 Oct 2011 02:29 AM PDT Forexpros – Crude oil futures pared gains on Monday, pulling back from the daily high following the release of weaker-than-expected euro zone manufacturing data, which overshadowed hopes for a quick breakthrough on resolving the region's ongoing debt crisis. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD87.72 a barrel during European morning trade, gaining 0.37%. It earlier rose by as much as 1.59% to trade at a daily high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Industrial New Orders Jump More-than-expected Posted: 24 Oct 2011 02:21 AM PDT Forexpros – Industrial new orders in the euro zone rose significantly more-than-expected in August, rising for the first time in three months, official data showed on Monday. In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.9% in August, blowing past expectations for a 0.1% increase. July's figure was revised to a 1.6% decline from a previously reported 2.1% drop. The report showed that the annualized rate of industrial new orders in the euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed Vs. Rivals Amid E.Z. Hopes Posted: 24 Oct 2011 02:10 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Monday, after a flurry of worse-than-expected euro zone data overshadowed optimism over a deal to contain the debt crisis in the region. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.30% to hit 1.3852. Earlier in the day, preliminary data showed that manufacturing activity in the euro zone slumped to a 27-month low in October. Service sector output in the single-currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Off 6-week High, Tracking Euro Lower Posted: 24 Oct 2011 01:53 AM PDT Forexpros – The pound trimmed gains against the U.S. dollar on Monday, easing off a six-week high after a string of worse-than-expected euro zone data overshadowed hopes for a quick breakthrough on resolving the region's debt crisis. GBP/USD pulled back from 1.5999, the pair's highest since September 8, to hit 1.5951 during early European trade, unchanged on the day. Cable was likely to find support at 1.5753, last Friday's low and resistance at 1.6082, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Climbs To 3-day High With EU Developments In Focus Posted: 24 Oct 2011 01:35 AM PDT Forexpros – Gold futures were up for a second day on Monday, climbing to a three-day high as market sentiment was lifted after European leaders indicated progress on resolving the region's ongoing debt crisis, while strong physical demand in Asia also lent support. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,651.65 a troy ounce during late Asian trade, jumping 0.94%. It earlier rose by as much as 1.3% to trade at USD1,658.55 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Flash Mfg. & Services PMI Posted: 24 Oct 2011 01:32 AM PDT E/Z Flash Mfg. PMI came in at 47.3, weaker than the 48.1 expected. Services PMI came in at 47.2, weaker than the 48.6 expected. Eur/usd currently trades at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Edges Lower After Japan Warning On Yen Posted: 24 Oct 2011 01:22 AM PDT Forexpros – The U.S. dollar edged lower against the yen on Monday, amid speculation over a possible intervention by Japan to weaken the currency after the dollar tumbled to an all-time low against the yen on Friday. USD/JPY hit 76.17 during late Asian trade, the daily low; the pair subsequently consolidated at 76.22, dipping 0.07%. The pair was likely to find support at 75.73, Friday's low and the pair's record low and resistance at 76.90, Friday's high. Earlier Monday, Japan's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Higher On E.Z. Debt Plan Hopes Posted: 24 Oct 2011 01:15 AM PDT Forexpros – The New Zealand dollar was up against its U.S. counterpart on Monday, as risk appetite remained supported amid ongoing talks in the euro zone on a new plan to tackle the region’s debt crisis. NZD/USD hit 0.8081 during late Asian trade, the pair’s highest since September 21; the pair subsequently consolidated at 0.8044, rising 0.16%. The pair was likely to find support at 0.7898, the low of October 21 and resistance at 0.8192, the high of June 22. European leaders appeared to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Manufacturing PMI Falls To 27-month Low Posted: 24 Oct 2011 01:09 AM PDT Forexpros – Manufacturing activity in the euro zone fell more-than-expected in October, falling to the lowest level since July 2009, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary manufacturing purchasing managers' index fell to a seasonally adjusted 47.3 in October, down from 48.1 in September. Analysts had expected the index to decline to 48.1 in October. On the index, a reading above 50.0 indicates industry expansion, below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Higher On Sustained E.Z. Optimism Posted: 24 Oct 2011 12:57 AM PDT Forexpros – The Australian dollar was up against its U.S. counterpart on Monday, rising to a six-week high as sustained hopes of an imminent solution to the debt crisis in the euro zone supported demand for riskier assets. AUD/USD hit 1.0425 during late Asian trade, the pair’s highest since September 12; the pair subsequently consolidated at 1.0388, gaining 0.12%. The pair was likely to find support at 1.0202, the high of October 21 and resistance at 1.0512, the high of August 25. European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Manufacturing PMI Drops To 27-month Low Posted: 24 Oct 2011 12:50 AM PDT Forexpros – Manufacturing activity in Germany fell more-than-expected in October, dropping to a 27-month low, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary German manufacturing purchasing managers' index fell to a seasonally adjusted 48.9 in October, down from 50.3 in September. Analysts had expected the index to decline to 50.0 in October. 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

Asia Stocks Rally On EU Hopes, China Data; Nikkei Jumps 1.9% Posted: 24 Oct 2011 12:46 AM PDT Forexpros – Asian stock markets posted sharp gains on Monday, as sentiment was boosted after European leaders indicated progress on resolving the region's ongoing debt crisis and as data pointed to an improvement in Chinese manufacturing. During late Asian trade, Hong Kong’s Hang Seng Index rallied 3.9%, Australia's ASX/200 Index climbed 2.7%, while Japan's Nikkei 225 Index jumped 1.9%. At the conclusion of a series of weekend meetings in Brussels by European leaders, German … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Steady On Debt Deal Plan Hopes Posted: 24 Oct 2011 12:29 AM PDT Forexpros – The euro was steady against the U.S. dollar on Monday, trading close to a one month high amid hopes that European Union leaders are edging closer to unveiling a plan to stem the deepening debt crisis in the euro zone. EUR/USD hit 1.3954 during late Asian trade, the pair's highest since September 8; the pair subsequently consolidated at 1.3900, inching up 0.02%. The pair was likely to find support at 1.3655, the low of October 20 and resistance at 1.3953, the days high and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Dana Holding Corp Posted: 23 Oct 2011 11:05 PM PDT Dana Holding Corp (NYSE:DAN) is a Zacks #1 Rank (Strong Buy) set to report later this week. Shares are cheap here and a solid announcement could help the stock breakout of the current range. Company Description Dana makes driveline products, power technologies, and other parts for light and heavy-duty vehicles. The company is headquartered in Ohio but has customers around the world. Upcoming Surprise? The company is set to report earnings results on Oct 27. Estimates are on the rise and Dana … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Manhattan Associates, Inc. Posted: 23 Oct 2011 11:05 PM PDT Manhattan Associates, Inc. (MANH) just spiked into a new all-time high after reporting another great quarter that came in ahead of expectations. With an average earnings surprise of 26% over the last four quarters, this Zacks #1 Rank stock is a great pick for momentum out of the technology sector. Company Description Manhattan Associates, Inc. develops and supports supply chain software for global supply chain activities. The company was founded in 1995 and has a market cap of $860 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Intel Corporation Posted: 23 Oct 2011 11:05 PM PDT Estimates have risen sharply for Intel Corporation (NASDAQ:INTC) after the company reported very strong third quarter results on October 18. The chip maker set new records for microprocessor units shipped, revenue and earnings in Q3. It was also the company’s 11th consecutive positive earnings surprise. Fears over new technologies destroying the PC market have driven valuations to very attractive levels. Considering Intel’s growth opportunities in the emerging markets, this stock looks very … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Grupo Televisa S.A. Posted: 23 Oct 2011 11:05 PM PDT We reaffirm our Underperform recommendation on Grupo Televisa S.A. (NYSE:TV) global depositary shares (GDS) ahead of its third quarter-2011 financial results. Televisa lost a significant amount of advertising revenue from businesses of Mexican telecom tycoon Carlos Slim. Intensifying competition in the Mexican pay-TV market has forced Televisa to spend more in order to retain and solidify its customer base. As a result, depreciation and amortization expenses increased by leaps and bounds which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Texas Capital Bancshares (TCBI) Posted: 23 Oct 2011 11:05 PM PDT Texas Capital Bancshares, Inc. (NASDAQ:TCBI) reported third-quarter 2011 operating earnings of $0.56 per share, which came well ahead of the Zacks Consensus Estimate of $0.50 per share. The results were also above the prior-year quarter’s earnings of $0.25 per share. Quarterly results benefited from an increase in net interest income. Texas Capital’s net interest income stemmed from spiked average earnings assets. Net interest margin also increased year over year, driven by growth in loans and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 23 Oct 2011 10:40 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3897, up 0.01% at time of writing. The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3907, today's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8705 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 23 Oct 2011 10:15 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Monday. GBP/USD was trading at 1.5964, up 0.08% at time of writing. The pair was likely to find support at 1.5682, Thursday's low, and resistance at 1.5985, today's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8702 and GBP/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours Posted: 23 Oct 2011 09:50 PM PDT Forexpros – The Euro was higher against the Swiss Franc on Monday. EUR/CHF was trading at 1.2296, up 0.27% at time of writing. The pair was likely to find support at 1.2207, Friday's low, and resistance at 1.2474, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.3887 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During The Asian Session Posted: 23 Oct 2011 09:20 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.8847, up 0.25% at time of writing. The pair was likely to find support at 0.8808, Friday's low, and resistance at 0.9082, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.02% to hit 1.3893 and USD/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Groupon Prepares For Its Debut Posted: 23 Oct 2011 09:00 PM PDT 10/24/2011 The daily deals site’s IPO is scheduled for November 4th, but offer only 5% of its share to the public. The Groupon roadshow for public investors kicks off on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down In Asian Trade Posted: 23 Oct 2011 09:00 PM PDT Forexpros – The Euro was lower against the British Pound on Monday. EUR/GBP was trading at 0.8694, down 0.20% at time of writing. The pair was likely to find support at 0.8670, Friday's low, and resistance at 0.8788, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.09% to hit 1.3884 and EUR/JPY falling 0.13% 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: 23 Oct 2011 08:35 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Trade Balance. USD/JPY was trading at 76.27, down 0.02% at time of writing. The pair was likely to find support at 75.82, Friday's low, and resistance at 77.09, Thursday's high. Earlier in the day, official data showed that Japan's trade balance fell less-than-expected to a seasonally adjusted -0.02T last month, from -0.29T in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Testing The 100 Mv Posted: 23 Oct 2011 08:34 PM PDT usd/hkd testing the 100 bar moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Analysis: Power Of The “P” Posted: 23 Oct 2011 08:12 PM PDT Crude Oil is testing significant resistance after rallying from critical support between $75 and $75.75. However, will buyers push price through $90? Here's my take.. Power of the "P" The daily chart of Crude Oil shows price has established a clear trading range from $75 to $90.50 over the last three months of trading. Crude has made several passes within this range, and will likely continue to do so until the market is ready for another round of price discovery. What's interesting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down During The Asian Session Posted: 23 Oct 2011 08:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 1.0064, down 0.02% at time of writing. The pair was likely to find support at 1.0061, today's low, and resistance at 1.0247, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.15% to hit 1.3875 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Monday 24 October Posted: 23 Oct 2011 07:42 PM PDT Market gapped up to open high after strong finish last Friday on US markets. Investors cheered after European leaders said they are making good progress on a rescue plan and should be finalized at Wednesday EU summit. We expect market to consolidate at this point, retesting resistance of 2800 again. Looking at the current sentiment, market is turning positive. High chance we might see a break through of 2800. Therefore, our current sentiment is still neutral, waiting for a possible break … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In Asian Trade Posted: 23 Oct 2011 07:30 PM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on PPI. AUD/USD was trading at 1.0343, down 0.33% at time of writing. The pair was likely to find support at 1.0148, Thursday's low, and resistance at 1.0378, Friday's high. Earlier in the day, official data showed that Australian producer price inflation rose less-than-expected to a seasonally adjusted 0.6% in the last quarter, from 0.8% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up In Asian Trading Hours Posted: 23 Oct 2011 07:05 PM PDT Forexpros – The British Pound was higher against the Japanese Yen on Monday after the release of Japanese data on Trade Balance. GBP/JPY was trading at 121.66, up 0.04% at time of writing. The pair was likely to find support at 120.38, Thursday's low, and resistance at 122.08, Friday's high. Earlier in the day, official data showed that Japan's trade balance fell less-than-expected to a seasonally adjusted -0.02T last month, from -0.29T in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 23 Oct 2011 06:35 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3855, down 0.29% at time of writing. The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3901, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8690 and EUR/JPY falling 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Trading Above Trend-line. Posted: 23 Oct 2011 06:32 PM PDT usd/hkd is trading above this trend-line which is a bullish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Testing The 33.6% Retracement Level. Posted: 23 Oct 2011 06:32 PM PDT usd/hkd is testing the 33.6% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trading Hours Posted: 23 Oct 2011 06:00 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on Trade Balance. USD/JPY was trading at 76.37, up 0.10% at time of writing. The pair was likely to find support at 75.82, Friday's low, and resistance at 77.09, Thursday's high. Earlier in the day, official data showed that Japan's trade balance fell less-than-expected to a seasonally adjusted -0.02T last month, from -0.29T in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data Posted: 23 Oct 2011 05:55 PM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on PPI. AUD/USD was trading at 1.0339, down 0.36% at time of writing. The pair was likely to find support at 1.0148, Thursday's low, and resistance at 1.0378, Friday's high. Earlier in the day, official data showed that Australian producer price inflation rose less-than-expected to a seasonally adjusted 0.6% in the last quarter, from 0.8% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Producer Price Inflation Rises Less-than-expected Posted: 23 Oct 2011 05:45 PM PDT Forexpros – Australian producer price inflation rose less-than-expected in the last quarter, official data showed on Monday. In a report, the Australian Bureau of Statistics said that PPI rose to a seasonally adjusted 0.6%, from 0.8% in the preceding quarter. Analysts had expected PPI to rise 0.8% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down In Asian Trade Posted: 23 Oct 2011 05:25 PM PDT Forexpros – The Euro was lower against the Japanese Yen on Monday after the release of Japanese data on Trade Balance. EUR/JPY was trading at 105.72, down 0.27% at time of writing. The pair was likely to find support at 104.89, Thursday's low, and resistance at 106.54, Wednesday's high. Earlier in the day, official data showed that Japan's trade balance fell less-than-expected to a seasonally adjusted -0.02T last month, from -0.29T in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data Posted: 23 Oct 2011 05:05 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on Trade Balance. USD/JPY was trading at 76.35, up 0.08% at time of writing. The pair was likely to find support at 75.82, Friday's low, and resistance at 77.09, Thursday's high. Earlier in the day, official data showed that Japan's trade balance fell less-than-expected to a seasonally adjusted -0.02T last month, from -0.29T in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P500 Short-Term Updatre Posted: 23 Oct 2011 01:01 PM PDT By ForexMansion.com S&P500: 1238.19 Short-Term Trend: uptrend Outlook: Surprisingly S&P500 was much stronger than Nasdaq 100 last week. The market held well during the small pullbacks on Monday and Thursday and then rallied to new highs on Friday. Thus, it seems the bulls are in full control here and it is unlikely to see a deeper pullback twd 1150 level as we expected a week ago. As long as the 1190/80 area holds, the uptrend on the daily chart is considered strong and we should expect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Short-Term Update Posted: 23 Oct 2011 12:59 PM PDT By ForexMansion.com URUSD: 1.3891 Short-Term Trend: sideways Outlook: Last week I said that EUR was a buy as long as it was holding abv 1.3520 level. Most of the week EUR traded sideways but stayed firmly abv that important level and even the 21-day moving average held. So, the wave count remains bullish here. Because the prices are below the 100-day moving average, the larger-degree trend is considered sideways at this point. That means that if EUR rallies twd 1.5000, it can then pullback … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Australia 200 (AUS200) Posted: 23 Oct 2011 06:31 AM PDT By ForexMansion.com by, James A. Hyerczyk A late session surge in the Australia 200 (AUS200) index CFD triggered a rally through the downtrending resistance line of a falling wedge chart pattern on the 240-minute chart, putting the market in a position to test the Autochartist forecast zone at 4248.39 to 4327.34. The overall rating for this chart pattern is 8-bars. The initial trend which was up prior to the chart pattern formation is rated a slightly above average 6-bars. Since the breakout … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: Japan 225 (JP225) Posted: 23 Oct 2011 06:31 AM PDT By ForexMansion.com by, James A. Hyerczyk After topping out near 8749.68, the Japan 225 (JP225) formed the resistance line of an emerging flag chart pattern on the 60-minute chart. Although expectations are for a continuation trade to the downside, the trading action on Friday suggests that the market may be poised for a reversal pattern to the upside. The overall quality of the chart pattern is a well-above average 8-bars. The initial trend which is the strength of the trend prior to the chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Listen To Which Market? Posted: 23 Oct 2011 12:35 AM PDT One of the tenets of technical analysis is, “Listen to the markets.” When US equities broke out to the upside on Friday, many traders sat up and took notice. True, stocks also had a failed downside thrust when it violated resistance recently, but the current move certainly shows that the bulls have the upper hand. But which market should traders listen to? The stock market which just staged an upside breakout? What about the bond market, which shows 10-year Italian-Bund spreads rising to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610