DailyMarkets.com - Forex Trading: Euro Lower After IFO’s Abberger Says The ECB Should Cut Its Key Rates To 1%, This Will Likely Happen In Two Stages.

---

• Forex Trading: Euro Lower After IFO’s Abberger Says The ECB Should Cut Its Key Rates To 1%, This Will Likely Happen In Two Stages.
• Forex – EUR/GBP Down In European Trade
• Crude Oil Choppy Before EU Summit, Gold Weakness Likely To Continue
• Forex – EUR/USD Down On Economic Data
• German Ifo Business Climate Falls Less-than-expected
• Forex Trading: USD/CHF On The Rebound
• Forex – USD/JPY Down During The European Session
• Asian Markets Close Lower; Nikkei Down 0.04%
• Bear Of The Day: Morgan Stanley (MS)
• Momentum Stock: Domino's Pizza, Inc.
• Growth & Income Stock: W.W. Grainger, Inc.
• Bull Of The Day: J2 Global Communications (JCOM)
• Aggressive Growth Stock: Polypore International Inc.
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• The “Brent Oil Premium” Could Be Another Factor That Will Rekindle American Manufacturing
• Forex – Dollar Retreats In Mid-day Asian Trade
• Forex – USD/JPY Slips In Mid-day Asian Trade
• Asian Stocks Edge Higher In Early Trade; Nikkei Rises 0.2%
• Forex Trading: USDCNH Continues To Consolidate
• Forex – AUD/USD Rises In Early Asian Trade
• Crude Oil Declines In Early Asian Trade
• Gold Falls In Early Asian Trade
• Forex – USD/JPY Up In Asian Trade

Forex Trading: Euro Lower After IFO’s Abberger Says The ECB Should Cut Its Key Rates To 1%, This Will Likely Happen In Two Stages. Posted: 21 Oct 2011 02:32 AM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down In European Trade Posted: 21 Oct 2011 02:30 AM PDT Forexpros – The Euro was lower against the British Pound on Friday after the release of euro zone data on German Ifo Business Climate Index. EUR/GBP was trading at 0.8719, down 0.08% at time of writing. The pair was likely to find support at 0.8689, Thursday's low, and resistance at 0.8797, Monday's high. Earlier in the day, data showed that Germany's Ifo business climate fell less-than-expected to 106.4 last month, from 107.4 in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Choppy Before EU Summit, Gold Weakness Likely To Continue Posted: 21 Oct 2011 02:20 AM PDT Talking Points Crude Oil Likely to Rise as Risk Appetite Recovers on Earnings, EU Bailout Gold Anchored to US Dollar's Fortunes, May Gain if Risk Appetite Holds Up WTI Crude Oil (NY Close): $85.30 // -0.81 // -0.94% Crude oil remains firmly anchored to underlying risk appetite, showing a firm correlation with the S&P 500. This hints that little by way of meaningful directional momentum is likely for the last hours of the trading week, with investors across financial markets shying away … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down On Economic Data Posted: 21 Oct 2011 01:15 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on German Ifo Business Climate Index. EUR/USD was trading at 1.3718, down 0.45% at time of writing. The pair was likely to find support at 1.3653, Tuesday's low, and resistance at 1.3914, Monday's high. Earlier in the day, data showed that Germany's Ifo business climate fell less-than-expected to 106.4 last month, from 107.5 in the preceding month. Analysts had expected German Ifo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Ifo Business Climate Falls Less-than-expected Posted: 21 Oct 2011 01:10 AM PDT Forexpros – Germany's Ifo business climate fell less-than-expected last month, data showed on Friday. In a report, the Ifo Institute for Economic Research said its index of German business climate fell to 106.4, from 107.5 in the preceding month . Analysts had expected the index to fall to 106.3 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF On The Rebound Posted: 21 Oct 2011 12:32 AM PDT With European equities opening lower, we've seen the EUR softer in recent trading which has given the USD a slight boost. In the case of the USD vs. the CHF, we're seeing some rebounding after hitting a low of .88455; the pair hasn't traded this low since September 21st. The next bullish target appears to be the 38.2% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The European Session Posted: 21 Oct 2011 12:15 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 76.72, down 0.11% at time of writing. The pair was likely to find support at 76.60, Monday's low, and resistance at 77.45, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.32% to hit 1.3737 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Markets Close Lower; Nikkei Down 0.04% Posted: 21 Oct 2011 12:10 AM PDT Forexpros – Asian stocks were down after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index fell 0.04%, Australia's S&P/ASX 200 index shed 0.07%, while Hong Kong's Hang Seng Index was trading 0.13% down. Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.02%, S&P 500 futures pointed to an increase of 0.05% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Morgan Stanley (MS) Posted: 20 Oct 2011 11:00 PM PDT Morgan Stanley’s (NYSE:MS) third-quarter earnings from continuing operations came in way ahead of the Zacks Consensus Estimate, but the performance of the Asset Management segment was weak. Also, investment banking revenues remained feeble. Though the quarter experienced improved interest and non-interest revenues, higher non-interest expenses were the headwinds. After reviewing the results, we are maintaining our Underperform recommendation on the shares. The weak capital position is also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Domino's Pizza, Inc. Posted: 20 Oct 2011 11:00 PM PDT Domino’s Pizza, Inc. (NYSE:DPZ) continues its awesome performance in 2011, recently jumping into a new all-time high on strong Q3 results. With an average earnings surprise of 14% over the last four quarters and bullish growth projection, this Zacks #1 Rank stock offers a delicious take on momentum. With a popular new pizza recipe and growing international presence, DPZ has cranked out some big gains in 2011. Shares recently jumped into a new all-time high on strong Q3 results that came in ahead … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: W.W. Grainger, Inc. Posted: 20 Oct 2011 11:00 PM PDT W.W. Grainger, Inc. (NYSE:GWW) is still showing no signs of a slowdown. The company, which distributes maintenance, repair, and operating (MRO) supplies, recently delivered it 6th consecutive positive earnings surprise on strong sales growth. Management also raised its guidance for the remainder of the year, a move that prompted analysts to revise their estimates higher. This sent the stock to a Zacks #2 Rank (Buy). In addition to strong growth, Grainger offers investors some income too with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: J2 Global Communications (JCOM) Posted: 20 Oct 2011 11:00 PM PDT We are upgrading our recommendation on j2 Global Communications (NASDAQ:JCOM) to Outperform based on its excellent financial results for the second quarter of 2011, which significantly beat the Zacks Consensus Estimates. We believe the company’s strong financial position and diversified product pipeline, coupled with the long-term growth prospects of outsourced value-added messaging services, will drive its earnings higher in the near future. The Subscriber Usage revenue continues to beat market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Polypore International Inc. Posted: 20 Oct 2011 11:00 PM PDT Polypore International Inc. (NYSE:PPO) analysts keep raising estimates and the company continues to top their expectations. This Zacks #2 Rank (Buy) may not be the best value, but the earnings are showing a fantastic growth story. Company Description Polypore makes specialized polymer membranes used in separation and filtration process. The company’s energy storage and separation media is used in lead-acid batteries in the transportation and industrial industries. Its separations media segment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 20 Oct 2011 10:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3792, up 0.09% at time of writing. The pair was likely to find support at 1.3653, Tuesday's low, and resistance at 1.3914, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8728 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 20 Oct 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5797, up 0.03% at time of writing. The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5848, Wednesday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8728 and GBP/JPY rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The “Brent Oil Premium” Could Be Another Factor That Will Rekindle American Manufacturing Posted: 20 Oct 2011 08:58 PM PDT Diapson Commodities just released a detailed study of the world oil market and it reports that brent oil for December 2011 delivery is selling at a $25.30 per barrel premium over West Texas Intermediate (WTI). For many detailed reasons outlined in the study, Diapson expects this premium to continue, thus the report’s title “Brent Oil Premium Over WTI: It’s Here to Stay.” The implications of the brent oil premium are significant because U.S. manufacturers buy oil at the WTI price, while Asian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Retreats In Mid-day Asian Trade Posted: 20 Oct 2011 08:17 PM PDT Forexpros – Forexpros – The U.S. dollar moved lower against its major counterparts in Asian trade Friday, following a weak session on Wall Street and ahead of the summit by European leaders to tackle the region's debt crisis. In mid-day Asian trade, the greenback was down against the euro, with EUR/USD rising 0.06% to hit 1.3788. On Thursday, French President Nicolas Sarkozy and German Chancellor Angela Merkel issued a joint statement from Frankfurt, where the two agreed to meet Saturday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Slips In Mid-day Asian Trade Posted: 20 Oct 2011 07:40 PM PDT Forexpros – Forexpros – The U.S. dollar moved modestly lower against the Japanese yen in Asian trade Friday, as dealers on both sides of the Pacific await the outcome of the upcoming meeting of European finance officials to address the region's debt crisis. In mid-day Asian trade USD/JPY hit 76.74, the pair's lowest since Thursday; the pair subsequently consolidated at 76.76, edging down 0.05%. The pair was likely to find support at 76.10, the low of September 22, and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Edge Higher In Early Trade; Nikkei Rises 0.2% Posted: 20 Oct 2011 07:11 PM PDT Forexpros – Forexpros – Asian stocks posted modest gains in Friday trade, mirroring the uneven performance on Wall Street, as investors reacted to European leader's announcement of an additional meeting for next week, following this Sunday's summit to boost the region's debt bailout fund. During early Asian trade, Hong Kong's Hang Seng Index was lifted 0.13% to 17,983.10, Japan's Nikkei Index added 0.17% to 8,696.99, while Australia's S&P/ASX 200 advanced 0.35% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Continues To Consolidate Posted: 20 Oct 2011 06:33 PM PDT The USDCNH pair continues to consolidate inside the wedge we've discussed this week, not gaining a bid even as the USD has. News out of China has been light as it has from the US Congress as far as rhetoric in regards to sanctions is concerned. The window inside the wedge is closing quickly, which could have almost no effect on the pair as technicals do not rule the day as far as the Renminbi is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Rises In Early Asian Trade Posted: 20 Oct 2011 06:30 PM PDT Forexpros – Forexpros – The Australian dollar moved higher against the U.S. dollar Friday, ahead of a scheduled meeting of European leaders to discuss augmentation of the rescue fund for debt-threatened euro-zone members. AUD/USD hit 1.0263 in early Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.0234, gaining 0.04%. The pair was likely to find support at 0.9906, last Thursday's low, and resistance at 1.0416, the high of September 12. On … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Declines In Early Asian Trade Posted: 20 Oct 2011 05:53 PM PDT Forexpros – Forexpros – Crude oil futures moved lower in Asian trade Friday, as hopes for higher energy demand ebbed in light of ongoing reported disagreement between European leaders on the make-up of the region's debt rescue fund. On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD86.33 a barrel during early Asian trade, falling 0.06%, after hitting a daily high of USD86.50. On Thursday, French President Nicolas Sarkozy and German … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Falls In Early Asian Trade Posted: 20 Oct 2011 05:15 PM PDT Forexpros – Forexpros – Gold futures moved lower in Asian trade Friday for a fourth straight session, as European leaders prepared for a weekend summit to debate strengthening the regional debt rescue fund and the precious metal tracked a general downturn in commodities. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,613.05 a troy ounce during early Asian trade, dropping 0.58%, after hitting a high of USDS1,624.75. On Thursday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trade Posted: 20 Oct 2011 05:05 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 76.87, up 0.09% at time of writing. The pair was likely to find support at 76.60, Monday's low, and resistance at 77.45, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.12% to hit 1.3796 and GBP/USD rising 0.07% to hit … [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