Sunday, October 9, 2011

DailyMarkets.com - Forex – EUR/JPY Up In Asian Trade

DailyMarkets.com - Forex – EUR/JPY Up In Asian Trade


Forex – EUR/JPY Up In Asian Trade

Posted: 09 Oct 2011 05:25 PM PDT

Forexpros – The Euro was higher against the Japanese Yen on Monday.

EUR/JPY was trading at 103.01, up 0.36% at time of writing.

The pair was likely to find support at 101.62, Wednesday's low, and resistance at 103.86, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.26% to hit 1.3413 and EUR/GBP rising 0.25% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/JPY Down In Asian Trading Hours

Posted: 09 Oct 2011 04:55 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Sunday.

GBP/JPY was trading at 119.40, down 0.01% at time of writing.

The pair was likely to find support at 116.99, Thursday's low, and resistance at 120.00, Friday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.06% to hit 1.5549 and EUR/GBP rising 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USD/HKD Approaching Support

Posted: 09 Oct 2011 04:37 PM PDT

After the USD rally to end the summer the USDHKD pair has come off some the last few weeks and is again approaching  daily trendline support. It will be interesting to see if the trendline holds and the pair resumes its rally after breaking below the 100hr and 200hr moving average last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Up During The Asian Session

Posted: 09 Oct 2011 03:50 PM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Sunday.

NZD/USD was trading at 0.7699, up 0.07% at time of writing.

The pair was likely to find support at 0.7470, Tuesday's low, and resistance at 0.7798, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.05% to hit 1.2690 and EUR/NZD rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Down During The Asian Session

Posted: 09 Oct 2011 03:30 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.5532, down 0.16% at time of writing.

The pair was likely to find support at 1.5272, Thursday's low, and resistance at 1.5646, Friday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.28% to hit 0.8622 and GBP/JPY falling 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up In Asian Trade

Posted: 09 Oct 2011 03:00 PM PDT

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

USD/JPY was trading at 76.80, up 0.09% at time of writing.

The pair was likely to find support at 76.54, Tuesday's low, and resistance at 77.07, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.09% to hit 1.3391 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 09 Oct 2011 02:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3406, up 0.21% at time of writing.

The pair was likely to find support at 1.3147, Tuesday's low, and resistance at 1.3525, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8618 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily FTSE Technical Update

Posted: 09 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE posted a strong gain last week, soaring past the recent top at 5314.30 and putting itself in a position to challenge the September 16 top at 5406.10. At its current pace, the September 1 top at 5449.70 seems like an easy target to reach over the near-term.

Since making a bottom early last week at 4868.60, the FTSE has surged. During the course of its three day rally the index has been taking back previously lost ground. Not until a recent top … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Indices Update: France 40 (F40)

Posted: 09 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The France 40 (F40) index CFD formed a 3-Point Extension Fibonacci pattern on the 240-minute chart, indicating a possible top formation and the start of a break back into a series of clearly defined Fibonacci retracement levels. The current set-up is offering three trading opportunities depending on a trader's preference. Firstly, a long trader may decide to take profits. Secondly, an aggressive counter-trend trader may decide to short the market. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly ASX Update: Adelaide Brighton Limited FPO (ABC.AX)

Posted: 09 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Adelaide Brighton Limited (ABC.AX) made an impressive upside breakout, taking out the resistance line of a triangle chart pattern on the 1440-minute chart and setting up the market for a rally into the Autocharist forecast zone at 3.05 to 3.39.
The overall quality of the chart pattern is an average 5-bars. The initial trend which looks at the trend before the chart pattern forms is rated a low 1-bar. This is because of the sideways action prior to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly Commodities Update: Gold

Posted: 09 Oct 2011 02:33 AM PDT

By ForexMansion.com
By Jonah S. Ford
Countervailing forces in the world financial scene kept the price of gold in a large, meandering range for yet another week. After testing both sides of the recent range, gold is now poised near the middle ground at $1,640 per ounce awaiting direction from the broader markets.

Deepening concern over the European debt crisis has put massive downside pressure on equities markets amidst speculation that deleveraging and a reduction of risk will send both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Commodities Update: Sugar

Posted: 09 Oct 2011 02:33 AM PDT

By ForexMansion.com
By Jonah S. Ford
Sugar futures may have found a bottom during Friday's session after stabilizing above the 24.50 cents per pound level over the course of last week's trading. Sugar has been hit hard in the recent commodities downdraft, giving up almost 8 cents per pound after reaching Multi-decadal highs prior to the sell-off.

The rounding bottom formation at 24.50 cents provides the lower support of a fairly well developed Triangle chart pattern, shown here on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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