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- Forex – EUR/JPY Rallies On Banking Recap Hopes
- Copper Futures Trade Close To 2-week High On EU Hopes
- Forex Trading: USD/CHF Breaks Trend Line Support
- European Stocks Higher On Greece Hopes; DAX Up 1.21%
- Euro Zone Industrial Production Rises Unexpectedly
- Forex – GBP/USD Holds Gains Despite Weak U.K. Jobs Data
- U.K. Claimant Count Change Rises Less-than-expected
- Forex – Dollar Broadly Lower As Euro Hopes Support Risk Appetite
- Crude Oil Futures Dip On Slovak Vote, OPEC Demand Outlook
- Forex – USD/CHF Dips On Greece Bailout Hopes
- Forex – USD/JPY Rangebound As Risk Appetite Remains Restrained
- Forex Trading: USD/CHF Testing Hourly Trend Line Support
- Gold Futures Gain On Euro Zone Concerns, Strong Asian Demand
- Forex – NZD/USD Higher On Greece Hopes/N.Z. Data
- Forex – AUD/USD Edges Higher But Upside Limited
- Asia Stocks Mixed As EU Concerns Linger; Nikkei Slips 0.4%
- Gold Faces Fundamental Tipping Point As Fed Unveils FOMC Minutes
- Forex – EUR/USD Inches Up After Slovakia Blocks EFSF Vote
- Bull Of The Day: Limited Brands, Inc. (LTD)
- Growth & Income Stock: Enterprise Products Partners LP
- Bear Of The Day: Hhgregg, Inc. (HGG)
- Momentum Stock: DSW, Inc.
- Aggressive Growth Stock: Minefinders, Corp
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Up In Asian Trade
- Forex – Dollar Rises In Mid-day Asian Trade
- Will The S&P 500 & Gold Make Up Their Minds Already
- Forex – USD/JPY Higher In Mid-day Asian Trade
- Forex Trading: Usd/sgd Testing The Top Of An Hourly Channel
- Asian Stocks Decline In Early Trade; Nikkei Falls 0.7%
- Forex Trading: Usd/sgd Bounces Off The 38.2% Retracement
- Forex Trading: Usd/cnh In A Downward Channel
- Forex Trading: USDHKD Breaks Above 100hr Mavg
- Forex – AUD/USD Falls In Early Asian Trade
- Crude Oil Declines In Early Asian Trade
- Forex – AUD/USD Down On Economic Data
- Australian Home Loans Rise More-than-expected
- Gold Advances In Early Asian Trade
- British Pound / US Dollar – 12/10/2011 07:47 GMT
- Australian Dollar / US Dollar – 12/10/2011 07:45 GMT
- US Dollar / Swiss Franc – 12/10/2011 07:47 GMT
- A Big Test For The Bulls
| Forex – EUR/JPY Rallies On Banking Recap Hopes Posted: 12 Oct 2011 02:52 AM PDT Forexpros – The euro rallied against the yen on Wednesday, jumping more than 1%, supported by hopes for a plan to recapitalize European banks and avert a liquidity crisis in the euro zone. EUR/JPY hit 105.81 during European morning trade, the pair's highest since September 16; the pair subsequently consolidated at 105.63, surging 1.06%. The pair was likely to find support at 104.00, Tuesday's low and resistance at 106.56, the high of September 16. Later in the day, European Union … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Copper Futures Trade Close To 2-week High On EU Hopes Posted: 12 Oct 2011 02:35 AM PDT Forexpros – Copper futures regained strength on Wednesday, trading close to a two-week high amid indications euro zone policy makers are increasing efforts to tackle the region's ongoing debt crisis, while a weaker U.S. dollar also lent support. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.366 a pound during European morning trade, jumping 2.3%. It earlier rose by as much as 2.45% to trade at USD3.369 a pound, hovering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USD/CHF Breaks Trend Line Support Posted: 12 Oct 2011 02:32 AM PDT We noted earlier that the pair was testing recent trend line support, but with the recent rally in risk appetite the pair traded off over 60 pips not testing the recent low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Higher On Greece Hopes; DAX Up 1.21% Posted: 12 Oct 2011 02:22 AM PDT Forexpros – European stock markets were up on Wednesday, erasing earlier losses as fresh hopes that Greece will receive its next tranche of financial aid boosted market sentiment. During European morning trade, the EURO STOXX 50 rose 0.93%, France's CAC 40 climbed 0.87%, while Germany's DAX 30 jumped 1.21%. On Tuesday, officials from the European Union, International Monetary Fund and European Central Bank said Greece was likely to receive its next bailout package next month and said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone Industrial Production Rises Unexpectedly Posted: 12 Oct 2011 02:05 AM PDT Forexpros – Industrial production in the euro zone rose unexpectedly in August, official data showed on Wednesday. In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.2% in August, confounding expectations for a 0.8% decline. July's figure was revised up to a 1.1% gain from a previously reported 1.0% increase. Year-on-year, industrial production rose at an annualized rate of 5.3% in August, after climbing at a rate of 4.4% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Holds Gains Despite Weak U.K. Jobs Data Posted: 12 Oct 2011 02:04 AM PDT Forexpros – The pound held gains against the U.S. dollar on Wednesday, remaining close to a two-week high, despite official data showing that the unemployment level in the U.K. rose to its highest level in almost 17 years last month. GBP/USD hit 1.5692 during European morning trade, the pair's highest since September 29; the pair subsequently consolidated at 1.5681, gaining 0.67%. Cable was likely to find support at 1.5526, Monday's low and resistance at 1.5746, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. Claimant Count Change Rises Less-than-expected Posted: 12 Oct 2011 01:37 AM PDT Forexpros – The number of people claiming unemployment benefits in the U.K. rose less-than-expected in September, official data showed on Wednesday. In a report, the U.K. Office for National Statistics said that the claimant count rose by a seasonally adjusted 17,500 in September, below expectations for an increase of 24,000. The previous month's figure was revised down to 19,100 from a previously reported 20,300. The rate of unemployment rose to 8.1% from 7.9% in August, confounding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Broadly Lower As Euro Hopes Support Risk Appetite Posted: 12 Oct 2011 01:25 AM PDT Forexpros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as risk appetite was boosted by signs that progress is being made in tackling the debt crisis in the euro zone. During European morning trade, the greenback was lower against the euro, with EUR/USD advancing 0.70% to hit 1.3736. On Tuesday, officials from the European Union, International Monetary Fund and European Central Bank said Greece was likely to receive its next tranche of financial aid next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Dip On Slovak Vote, OPEC Demand Outlook Posted: 12 Oct 2011 01:18 AM PDT Forexpros – Crude oil futures edged lower on Wednesday, as lingering concerns over the euro zone's debt crisis and a downbeat oil demand outlook from the Organization of the Petroleum Exporting Countries weighed on prices. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD85.61 a barrel during European morning trade, shedding 0.23%. It earlier fell by as much as 0.7% to trade at a daily low of USD84.56 a barrel. Slovakia's parliament … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Dips On Greece Bailout Hopes Posted: 12 Oct 2011 01:03 AM PDT Forexpros – The U.S. dollar dipped against the Swiss franc on Wednesday, as new hopes that Greece will receive its next tranche of financial aid supported risk appetite. USD/CHF hit 0.9112, during early European trade, the daily high; the pair subsequently consolidated at 0.9068, rising 0.18%. The pair was likely to find support at 0.8963, the low of September 30 and resistance at 0.9286, the high of October 7. On Tuesday, officials from the European Union, International Monetary Fund and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Rangebound As Risk Appetite Remains Restrained Posted: 12 Oct 2011 12:42 AM PDT Forexpros – The U.S. dollar inched higher against the yen on Wednesday, but the pair remained rangebound off the record low hit in August, as concerns over an intervention by Japan to weaken the yen supported the Japanese currency. USD/JPY hit 76.73 during late Asian trade, the daily high; the pair subsequently consolidated at 76.65, inching up 0.02%. The pair was likely to find short-term support at 76.33, the low of September 28 and resistance at 77.07, the high of October 5. Risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USD/CHF Testing Hourly Trend Line Support Posted: 12 Oct 2011 12:33 AM PDT If trend line support holds we should see a continuation in the upward trend with the next bullish target being .9121; the 50.0% fibo line on the move from Monday's high to yesterday's low. A break in support bring us to .90512 which showed support earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Gain On Euro Zone Concerns, Strong Asian Demand Posted: 12 Oct 2011 12:32 AM PDT Forexpros – Gold futures regained strength on Wednesday, as ongoing concerns over the euro zone's debt crisis and strong physical demand in Asia underpinned prices. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,674.75 a troy ounce during late Asian trade, climbing 0.83%. It earlier rose by as much as 0.98% to trade at a daily high of USD1,676.55 a troy ounce. Slovakia's parliament on Tuesday rejected a plan to boost the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Higher On Greece Hopes/N.Z. Data Posted: 12 Oct 2011 12:26 AM PDT Forexpros – The New Zealand dollar was higher against its U.S. counterpart on Wednesday, as risk sentiment was supported by hopes that Greece will receive its next bailout package and an increase in New Zealand property sales. NZD/USD hit 0.7844 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7828, rising 0.39%. The pair was likely to find support at 0.7676, the low of October 10 and resistance at 0.7956, the high of September 27. Market sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Edges Higher But Upside Limited Posted: 12 Oct 2011 12:09 AM PDT Forexpros – The Australian dollar edged higher against its U.S. counterpart on Wednesday, boosted by hopes that Greece will receive its next tranche of financial aid and better-than-expected Australian home loans data. AUD/USD hit 0.9966 during late Asian trade, the daily high; the pair subsequently consolidated at 0.9977, rising 0.23%. The pair was likely to find support at 0.9749, the low of October 10 and resistance at 1.0078, the high of September 22. Risk appetite was supported after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Mixed As EU Concerns Linger; Nikkei Slips 0.4% Posted: 11 Oct 2011 11:58 PM PDT Forexpros – Asian stock markets were mixed on Wednesday, as Japanese exporters came under pressure amid ongoing concerns over the euro zone's debt crisis, while gains in Chinese lenders lifted shares in Hong Kong. During late Asian trade, Hong Kong’s Hang Seng Index climbed 1.2%, Australia's ASX/200 Index fell 0.55%, while Japan's Nikkei 225 Index slumped 0.4%. Market sentiment was weighed after Slovakia's parliament on Tuesday rejected a plan to boost the size of the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Faces Fundamental Tipping Point As Fed Unveils FOMC Minutes Posted: 11 Oct 2011 11:44 PM PDT Talking Points Crude Oil at Risk as S&P 500 Futures Decline, Technical Setup Warns of Losses WTI Crude Oil (NY Close): $85.81 // +0.40 // +0.47%
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| Forex – EUR/USD Inches Up After Slovakia Blocks EFSF Vote Posted: 11 Oct 2011 11:42 PM PDT Forexpros – The euro edged higher against the U.S. dollar on Wednesday, while risk appetite remained fragile after Slovakia's parliament rejected a plan to expand the scope of the euro zone's bailout fund. EUR/USD hit 1.3664 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3666, rising 0.13%. The pair was likely to find support at 1.3377, Monday's low and short-term resistance at 1.3697, Monday's high. Slovakia is the only euro zone member that has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bull Of The Day: Limited Brands, Inc. (LTD) Posted: 11 Oct 2011 11:00 PM PDT Limited Brands, Inc. (NYSE:LTD) second-quarter 2011 earnings of $0.48 per share beat the Zacks Consensus Estimate of $0.46, and rose 33% from the prior-year quarter on the back of cost containment, inventory management and merchandise initiatives. The better-than-expected results, prompted management to raise its fiscal 2011 earnings outlook to a range of $2.35 to $2.50 per share. We believe it would maintain its growth momentum as evident from its monthly sales results.
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| Growth & Income Stock: Enterprise Products Partners LP Posted: 11 Oct 2011 11:00 PM PDT Investors looking for a safe haven amid a tumultuous market, but with strong growth prospects and a juicy yield should check out Enterprise Products Partners LP (NYSE:EPD).
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| Bear Of The Day: Hhgregg, Inc. (HGG) Posted: 11 Oct 2011 11:00 PM PDT We have downgraded the hhgregg, Inc.’s (NYSE:HGG) recommendation to Underperform from Neutral on the heels of the hhgregg’s first-quarter 2012 net loss of $0.02 per share which was below the Zacks Consensus Estimate of a break-even as well as the year-ago quarter earnings of $0.07. The loss reflected a 13.2% drop in comparable store sales with an increase in SG&A as a percentage of net sales.
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| Posted: 11 Oct 2011 11:00 PM PDT DSW, Inc. (NYSE:DSW) is trading strong in the volatile market, recently rebounding sharply from a short-term low to move back within striking distance of the all-time high. With a high industry rank and bullish growth projection, this Zacks #1 Rank stock is running strong with momentum.
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| Aggressive Growth Stock: Minefinders, Corp Posted: 11 Oct 2011 11:00 PM PDT Minefinders, Corp. (MFN) is ripe for the picking here. While metals have pulled back, they remain at historically high levels. This miner is ramping up production in time to take advantage and is a Zacks #1 Rank (Strong Buy).
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| Forex – EUR/USD Down During The Asian Session Posted: 11 Oct 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3633, down 0.05% at time of writing. The pair was likely to find support at 1.3361, Friday's low, and resistance at 1.3698, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8748 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Up In Asian Trade Posted: 11 Oct 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5584, up 0.05% at time of writing. The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5689, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8745 and GBP/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Rises In Mid-day Asian Trade Posted: 11 Oct 2011 08:17 PM PDT Forexpros – In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.25% to hit 1.3606. Slovakia's Parliament, late Tuesday, voted against expansion of the European Financial Stability Facility, sparking new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Will The S&P 500 & Gold Make Up Their Minds Already Posted: 11 Oct 2011 08:09 PM PDT A lot of eyes were watching the Slovakian Parliament around the closing bell today as they voted on the European Financial Stability Fund (EFSF). The first vote failed to pass the pending legislation, but members of the opposition party have indicated that they will vote for the bill in a second scheduled vote.
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| Forex – USD/JPY Higher In Mid-day Asian Trade Posted: 11 Oct 2011 07:40 PM PDT Forexpros – In mid-day Asian trade USD/JPY hit 76.65, the pair's lowest since Tuesday; the pair subsequently consolidated at 76.70, inching up 0.07%. The pair was likely to find support at 76.10, the low of September 22, and resistance at 77.21, last Monday's high. Slovakia's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Usd/sgd Testing The Top Of An Hourly Channel Posted: 11 Oct 2011 07:37 PM PDT usd/sgd is testing the top of this hourly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asian Stocks Decline In Early Trade; Nikkei Falls 0.7% Posted: 11 Oct 2011 07:10 PM PDT Forexpros – During early Asian trade, Hong Kong's Hang Seng Index lost 1.1% to 17,945.44, Japan's Nikkei Index fell 0.73% to 8,711.68, while Australia's S&P/ASX 200 retreated 1.3% to 4,173.30.
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| Forex Trading: Usd/sgd Bounces Off The 38.2% Retracement Posted: 11 Oct 2011 06:38 PM PDT usd/sgd tested the 38.2% and bounces off that level on this daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Usd/cnh In A Downward Channel Posted: 11 Oct 2011 06:38 PM PDT
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| Forex Trading: USDHKD Breaks Above 100hr Mavg Posted: 11 Oct 2011 06:38 PM PDT The USDHKD pairs October depreciation has been defended to the upside by the 100hr mavg since late September. Early in the Asian session we have seen the USD strengthen across the board as the situation in Europe remains uncertain and the US Senate passed a measure against China's Yuan valuation policy (China weakens the Yuan today, regardless of US Bill.) The USDHKD pair has broken above the 100hr mavg for the first time in 2 weeks and could set it sights on the 200 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Falls In Early Asian Trade Posted: 11 Oct 2011 06:29 PM PDT Forexpros – AUD/USD hit 0.9914 in early Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 0.9916, declining 0.37%. The pair was likely to find support at 0.9726, last Friday's low, and short-term resistance at 1.0078, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Declines In Early Asian Trade Posted: 11 Oct 2011 05:55 PM PDT Forexpros – On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD84.93 a barrel during early Asian trade, falling 1.03%, after hitting a daily high of USD85.44. Slovakia's Parliament, on Tuesday, postponed a vote on expanding the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Down On Economic Data Posted: 11 Oct 2011 05:45 PM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on Home Loans. AUD/USD was trading at 0.9927, down 0.26% at time of writing. The pair was likely to find support at 0.9730, Friday's low, and resistance at 1.0015, Monday's high. Earlier in the day, official data showed that The number of new home loans granted in Australia rose more-than-expected to a seasonally adjusted 1.2% last month from 1.0% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Australian Home Loans Rise More-than-expected Posted: 11 Oct 2011 05:40 PM PDT Forexpros – The number of new home loans granted in Australia rose more-than-expected last month, official data showed on Wednesday. In a report, Australian Bureau of Statistics said that Australian home loans rose to a seasonally adjusted 1.2%, from 1.0% in the preceding month. Analysts had expected Australian home loans to rise 1.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Advances In Early Asian Trade Posted: 11 Oct 2011 05:22 PM PDT Forexpros – On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,666.35 a troy ounce during early Asian trade, climbing 0.30%, after hitting a low of USDS1,662.25. Slovakia's Parliament, on Tuesday, postponed a vote on expanding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| British Pound / US Dollar – 12/10/2011 07:47 GMT Posted: 11 Oct 2011 02:33 PM PDT By ForexMansion.com British Pound / US Dollar Weekly Trends Resistances Supports Our strategy FLAT About ForexMansion.com: The Finance Mansion Network operates a global financial network of websites including
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| Australian Dollar / US Dollar – 12/10/2011 07:45 GMT Posted: 11 Oct 2011 02:33 PM PDT By ForexMansion.com Australian dollar / US Dollar Weekly Trends Resistances Supports Our strategy FLAT About ForexMansion.com: The Finance Mansion Network operates a global financial network of websites including
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| US Dollar / Swiss Franc – 12/10/2011 07:47 GMT Posted: 11 Oct 2011 02:07 PM PDT By ForexMansion.com US Dollar / Swiss Franc Weekly Trends Resistances Supports Our strategy FLAT About ForexMansion.com: The Finance Mansion Network operates a global financial network of websites including
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| Posted: 11 Oct 2011 12:37 AM PDT Wow! When I wrote about the likelihood of a sideways consolidation yesterday, I never dreamed that the markets would rally to the top of the trading range so quickly. As the chart of SPY below shows, it was a big follow-through day on low volume, which is not a typical sign of the start of a bullish impulse. True, volume was low because of the Columbus Day semi-holiday, but it was nevertheless a low volume follow-through (see my previous comment here about the O’Neill technique for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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