Tuesday, October 11, 2011

DailyMarkets.com - Forex Trading: AUD/USD Tentatively Respects Parity

DailyMarkets.com - Forex Trading: AUD/USD Tentatively Respects Parity

Forex Trading: AUD/USD Tentatively Respects Parity

Posted: 11 Oct 2011 09:48 AM PDT

AUD/USD (daily chart) as of Tuesday (10/11/2011) has tentatively respected key resistance around parity (1.0000), turning down in trading on Tuesday after rising just a few pips above the parity level. This occurs after five straight days of net bullish price action that saw price rise steeply from its 0.9400 support level. Despite these past five days of bullishness, the pair still resides within a strong downtrend, although any subsequent breakout above parity could potentially place this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Rotates Back To The Downside.

Posted: 11 Oct 2011 09:48 AM PDT

The EURUSD has rotated back to the downside. The S&P report on Spain seems to have shifted sentiment once again. The key resistance at 1.3680 may have also been an influence.
With the rotation back down, the pair still has to breach the intraday support levels. The 1.3616 level was a floor in the Asian session. Just before that is the 200 bar MA on the 5 minute chart currently at the 1.3621 level.  The price will need to breach these areas to shift more of the intraday momentum back to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: Yuan Rises, Deficit Widens

Posted: 11 Oct 2011 09:40 AM PDT

The chart above is from The Economist, with the following commentary:

“As the chart above suggests, the recent relationship between China’s currency and America’s trade deficit with China is not what China hawks in the Senate think it is. Rather than a cheap yuan leading to a flood of Chinese imports, the yuan has actually strengthened as the deficit has widened. 

There are many things American companies dislike about the way business is done in China: intellectual-property theft, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Trims Gains As Euro Firms Up Ahead Of Slovak Vote

Posted: 11 Oct 2011 08:58 AM PDT

Forexpros – The U.S. dollar trimmed gains against its major counterparts on Tuesday, as the euro found support amid hopes that Greece will receive its next tranche of aid and ahead of a finely balanced vote by Slovakia's Parliament on expanding the powers of the euro zone's bailout fund.

During U.S. morning trade, the greenback was lower against the euro, with EUR/USD inching up 0.08% to hit 1.3589.

Slovakia was to be the last of the euro zone’s 17 members to vote on a deal to enhance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Fluctuate Amid Uncertain Demand Outlook

Posted: 11 Oct 2011 08:55 AM PDT

Forexpros – Natural gas futures fluctuated between modest gains and losses on Tuesday, but remained closed to the previous session's 11-month low as an uncertain U.S. demand outlook weighed.

On the New York Mercantile Exchange, natural gas futures for November delivery traded at USD3.543 per million British thermal units during U.S. morning trade, easing up 0.07%.

The November contract traded between a range of USD3.513, the daily low and USD3.587, the daily high and the highest since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Extends Losses Ahead Of Slovakia Vote

Posted: 11 Oct 2011 08:51 AM PDT

Forexpros – The pound extended losses against the U.S. dollar on Tuesday, as demand for riskier assets was weighed ahead of a vote by Slovakia’s parliament on a plan to enhance the euro zone’s bailout fund.

GBP/USD hit 1.5603 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5597, declining 0.46%.

Cable was likely to find support at 1.5526, Monday’s low and resistance at 1.5746, the high of September 21.

Slovakia was the last of the euro zone’s 17 members to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Trims Losses As Slovakia Vote Eyed

Posted: 11 Oct 2011 08:43 AM PDT

Forexpros – The euro trimmed losses against the U.S. dollar on Tuesday, pulling away from a daily low as investors remained on edge ahead of a critical vote by the Slovakian parliament on expanding the powers of the euro zone's bailout fund.

EUR/USD pulled back from 1.3566 the daily low, to hit 1.3632 during U.S. morning trade, down just 0.06%.

The pair was likely to find support at 1.3377, Monday's low and resistance at 1.3797, the high of September 21.

Slovakia was to be the last of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Pare Losses Amid Slovak Vote Uncertainty

Posted: 11 Oct 2011 08:24 AM PDT

Forexpros – Gold futures trimmed losses on Tuesday, bouncing off the daily low as investors awaited a key vote in Slovakia on increasing the size and abilities of the euro zone's bailout fund.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,666.05 a troy ounce during U.S. morning trade, shedding 0.28%.

It earlier fell by as much as 1.1% to trade at a daily low of USD1,656.05 a troy ounce.

Investors awaited a closely-watched … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Pare Losses, Ahead Of EFSF Vote

Posted: 11 Oct 2011 03:00 AM PDT

10/11/11 Wall Street recover from earlier weakness, ahead of a key vote in Slovakia to expand the EFSF. M&A action in spotlight: 99 Cents Only Store agrees to $1.5 bln offer from Canada Pension and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Takes A Dive On Renewed Eurozone Debt Concerns

Posted: 11 Oct 2011 08:00 AM PDT

10/11/11 Renewed eurozone debt concerns and a stronger US dollar has helped push front month crude prices well into the red this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Head In The Sand Medicine: To Test Or Not To Test

Posted: 11 Oct 2011 07:48 AM PDT

In recommending against PSA tests for early signs of prostate cancer, the United States Preventive Services Task Force has struck another blow for a head-in-the-sand approach to early detection of fatal illnesses. At least that posture may be more appropriate than for their previous recommendation to reduce mammograms for breast cancer detection.
I smell a rat here. More and more we are being told by the experts from on high–experts that influence medical groups and insurance companies, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Should ‘Occupy Wall Street’ Demand?

Posted: 11 Oct 2011 07:44 AM PDT

I received a call yesterday from a reporter from a highly regarded periodical inquiring about my recent commentary, 'Occupy Wall Street' Should 'Occupy Washington'.
Having had a number of previous discussions with this reporter, I welcomed her question as to what I thought the OWS movement should look to achieve or demand.
I prefaced my comments by stating that I hope civil unrest and random violence do not come from these demonstrations. America needs a lot of things but we certainly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Adds To Losses On Slovak Vote Concerns, OPEC Outlook

Posted: 11 Oct 2011 07:43 AM PDT

Forexpros – Crude oil futures added to losses on Tuesday, as uncertainty over the outcome of a key Slovakian parliamentary vote on expanding the powers of the euro zone's bailout fund and a downbeat outlook for future oil demand weighed on prices.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD84.95 a barrel during U.S. morning trade, shedding 0.55%.

It earlier fell by as much as 0.85% to trade at a daily low of USD84.02 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Mixed Ahead Of Key Slovakia Vote; Dow Jones Slips 0.21%

Posted: 11 Oct 2011 07:24 AM PDT

Forexpros – U.S. stocks were mixed on Tuesday, ending a four-day rally as investors remained cautious ahead of a key vote by Slovakia’s parliament on the enhancement of the euro zone bailout fund.

During early U.S. trade, the Dow Jones Industrial Average slipped 0.21%, the S&P 500 index fell 0.16%, while the Nasdaq Composite index posted a 0.49% increase.

Slovakia is the last of the euro zone’s 17 members to vote on a deal to enhance the size and powers of the European Financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All Focus On Slovakian EFSF Extension Vote While Greek Inflation Jumps 3.1%

Posted: 11 Oct 2011 01:15 AM PDT

10/11/11 NYFP’s Morning Market Brief: AInvestors are all focused on Slovakia this morning and whether or not it will vote in favor of extending the EFSF. Also, the ECB paints a negative view on the region’s debt crisis and Greek inflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netplay TV On Course To Beat Full Year Expectations As Casino Numbers Surge

Posted: 11 Oct 2011 02:30 AM PDT

Interactive gaming company Netplay Tv (LON:NPT) is on course to beat full year financial expectations after a strong first half of the year continued into the third quarter. Year-on-year Q3 indicators show that new casino players increased by 57.3% to 24,686 and the number of active casino players increased by 44.8% to 23,416.

Netplay said it was continuing to focus on how best to maximise the number of players acquired through the post midnight teleshopping TV window, and during Q3 also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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