DailyMarkets.com - Forex Trading: EUR/USD Consolidating Between 1.41611 And 1.41934

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• Forex Trading: EUR/USD Consolidating Between 1.41611 And 1.41934
• Forex Trading: EUR/JPY Testing Support @ 107.336
• Forex – USD/CHF Up On Economic Data
• Switzerland’s KOF Economic Barometer Falls More-than-expected
• Forex – USD/JPY Down In European Trade
• Forex – EUR/USD Down In European Trading Hours
• Forex Trading: USD/CHF Developing Short-term Trend Line Support
• Forex – GBP/USD Up During The European Session
• Forex – EUR/USD Down On Economic Data
• Forex – EUR/GBP Down During The European Session
• Asian Markets Close Higher; Nikkei Up 1.39%
• French Consumer Spending Falls Unexpectedly
• Growth & Income Stock: VF Corporation
• Momentum Stock: Celgene Corp
• Aggressive Growth Stock: W. R. Grace & Co.
• Bear Of The Day: Plexus Corporation (PLXS)
• Bull Of The Day: J2 Global Communications (JCOM)
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• The Bulls May Be On Top Today, But The Bears Are In Charge
• Public Worker Overtime Binge In California Contributes To The State’s $19 Billion Deficit
• Forex – Dollar Mostly Higher In Mid-day Asian Trade
• S&P 500 Posts Highest Monthly Gain Since 1974
• Forex – USD/JPY Lower In Mid-day Asian Trade
• Singapore Stock Market Update For Friday 28 October
• Asian Stocks Post Gains In Early Trade; Nikkei Adds 1.4%
• Forex – AUD/USD Slides In Early Asian Trade
• WOW, SP500 Up Four Percent
• Crude Oil Dips In Early Asian Trade
• Gold Inches Up In Early Asian Trade
• Forex – USD/JPY Down On Economic Data
• Daily FTSE Technical Update

Forex Trading: EUR/USD Consolidating Between 1.41611 And 1.41934 Posted: 28 Oct 2011 03:32 AM PDT Seen on the 15 minute chart, the pair has traded between these two levels today; testing support and resistance but not able to break out. The first level lower we have the 100 bar moving average at 1.41503 and to the topside we look to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/JPY Testing Support @ 107.336 Posted: 28 Oct 2011 03:32 AM PDT Since the end of yesterday's trading day, the EUR/JPY has been recieving support from 107.336 where we currently find both the 38.2% fibo line and the 100 bar moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up On Economic Data Posted: 28 Oct 2011 02:45 AM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on KOF Leading Indicators. USD/CHF was trading at 0.8639, up 0.45% at time of writing. The pair was likely to find support at 0.8570, Thursday's low, and resistance at 0.8878, Monday's high. Earlier in the day, data showed that Switzerland's KOF economic barometer fell more-than-expected to a seasonally adjusted 0.80 last month from 1.21 in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Switzerland’s KOF Economic Barometer Falls More-than-expected Posted: 28 Oct 2011 02:40 AM PDT Forexpros – Switzerland's KOF economic barometer fell more-than-expected last month, data showed on Friday. In a report, the KOF Economic Research Agency said that its economic barometer fell to a seasonally adjusted 0.80, from 1.21 in the preceding month. Analysts had expected the KOF economic barometer to fall to 1.04 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In European Trade Posted: 28 Oct 2011 02:30 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 75.87, down 0.10% at time of writing. The pair was likely to find support at 75.66, Thursday's low, and resistance at 76.44, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.4166 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In European Trading Hours Posted: 28 Oct 2011 01:55 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on French Consumer Spending. EUR/USD was trading at 1.4178, down 0.08% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Earlier in the day, official data showed that Consumer spending in France fell unexpectedly to a seasonally adjusted -0.5% last month from 0.2% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF Developing Short-term Trend Line Support Posted: 28 Oct 2011 01:32 AM PDT The pair is developing a bullish support line since the end of yesterday; currently testing resistance from the 100 bar moving average and 38.2% line. In the case of a break higher through .86409, we look to the 50.0% at the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The European Session Posted: 28 Oct 2011 01:10 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6100, up 0.001% at time of writing. The pair was likely to find support at 1.5891, Wednesday's low, and resistance at 1.6142, Thursday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8804 and GBP/JPY falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down On Economic Data Posted: 28 Oct 2011 12:40 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on French Consumer Spending. EUR/USD was trading at 1.4163, down 0.18% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Earlier in the day, official data showed that Consumer spending in France fell unexpectedly to a seasonally adjusted -0.5% last month from 0.2% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session Posted: 28 Oct 2011 12:15 AM PDT Forexpros – The Euro was lower against the British Pound on Friday after the release of euro zone data on French Consumer Spending. EUR/GBP was trading at 0.8808, down 0.07% at time of writing. The pair was likely to find support at 0.8672, Tuesday's low, and resistance at 0.8831, Thursday's high. Earlier in the day, official data showed that Consumer spending in France fell unexpectedly to a seasonally adjusted -0.5% last month from 0.2% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Markets Close Higher; Nikkei Up 1.39% Posted: 28 Oct 2011 12:10 AM PDT Forexpros – Asian stocks were up after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index rose 1.39%, Australia's S&P/ASX 200 index gained 0.12%, while Hong Kong's Hang Seng Index was trading 1.85% up. Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.21%, S&P 500 futures pointed to a decrease of 0.24% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

French Consumer Spending Falls Unexpectedly Posted: 28 Oct 2011 12:10 AM PDT Forexpros – Consumer spending in France fell unexpectedly last month, official data showed on Friday. In a report, INSEE said that French consumer spending fell to a seasonally adjusted -0.5%, from 0.2% in the preceding month. Analysts had expected French consumer spending to rise 0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: VF Corporation Posted: 27 Oct 2011 11:00 PM PDT VF Corporation (NYSE:VFC) carried its momentum into the third quarter and knocked it out of the park once again. The company delivered its 8th consecutive positive earnings surprise on 16% organic revenue growth. Management raised its guidance for the remainder of 2011, and earnings estimates have been soaring, sending the stock to a Zacks #2 Rank (Buy). The company also hiked its dividend by 14%, marking its 39th straight year of higher dividend payments. Company Description VF Corporation is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Celgene Corp Posted: 27 Oct 2011 11:00 PM PDT Celgene Corp (CELG) is up more than 25% in the last two months after spiking from a short-term low in August. With another good quarter in hand and a bullish growth projection, this Zacks #1 Rank stock is a biotech with momentum. Company Description Celgene Corp is an integrated biotech company that specializes in developing and commercializing various cancer and immune-inflamatory products. The company was founded in 1980 and has a market cap of $30 billion. Celgene has been on a tear for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: W. R. Grace & Co. Posted: 27 Oct 2011 11:00 PM PDT Because chemicals were so hot over the summer and the industries cyclical nature, recessionary fears pummeled the industries stocks. But now that an appetite for risk is returning, perhaps we could take another look at W.R. Grace & Co. (NYSE:GRA). Company Description W.R. Grace supplies catalysts and other products for petroleum refiners to make plastics, silica-based materials and other industrial applications. Uses range form good and beverage packaging to building materials. Earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Plexus Corporation (PLXS) Posted: 27 Oct 2011 11:00 PM PDT Plexus Corporation (NASDAQ:PLXS) reported mixed fourth quarter 2011 financial results. The company beat the Zacks Consensus Estimate of $0.50 per share but fell shy of the revenue expectation of $540.0 million. Plexus continues to face cut-throat competition in the EMS market, where component shortages and supply chain constraints are increasing operational complexities. Moreover, Plexus continues to invest in new sites and increasing headcount that may affect profitability in the near term. We … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: J2 Global Communications (JCOM) Posted: 27 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. Subscriber Usage revenue continues to beat market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 27 Oct 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.4180, down 0.07% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8818 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 27 Oct 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.6086, down 0.08% at time of writing. The pair was likely to find support at 1.5891, Wednesday's low, and resistance at 1.6142, Thursday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8814 and GBP/JPY falling 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Bulls May Be On Top Today, But The Bears Are In Charge Posted: 27 Oct 2011 10:09 PM PDT The swing from bull to bear can be fickle. Some media to help you decide.. China debts cash flow : … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Public Worker Overtime Binge In California Contributes To The State’s $19 Billion Deficit Posted: 27 Oct 2011 08:21 PM PDT BLOOMBERG — “Jean Keller earned $269,810 last year working as a nurse at a men's prison on California's central coast by tripling her regular pay with overtime hours. Keller got more overtime in 2010 than any other state employee. In all, California's public workers collected $1.7 billion of extra pay last year, more than half of it in overtime, state payroll data show. The rest was for unused vacation and union-negotiated benefits such as uniform allowances, physical-fitness incentives … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mostly Higher In Mid-day Asian Trade Posted: 27 Oct 2011 08:14 PM PDT Forexpros – Forexpros – The U.S. dollar was broadly higher against its major counterparts in Asian trade Friday, with the notable exception of the Japanese yen, following a surge on Wall Street lifted on the announced plan of action by European officials to tackle the region's debt crisis. In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.15% to hit 1.4167. Following a second summit in four days, European leaders presented their long-awaited plan to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P 500 Posts Highest Monthly Gain Since 1974 Posted: 27 Oct 2011 07:57 PM PDT The S&P500 Index has gained 13.5% in October (with two trading days to go), the largest monthly gain since a 16.3% increase in October 1974, exactly 37 years ago (see chart above).   See Bloomberg story here.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower In Mid-day Asian Trade Posted: 27 Oct 2011 07:37 PM PDT Forexpros – Forexpros – The U.S. dollar fell against the Japanese yen in Asian trade Friday, as a rally on Wall Street and a new plan of action from European leaders to tackle the region's debt were not enough to sway investors away from the Japanese currency. In mid-day Asian trade USD/JPY hit 75.85, the pair's lowest since Thursday and hovering barely above the all-time low of 75.75 set Tuesday; the pair subsequently consolidated at 75.89, losing 0.16%. The pair was likely to find … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Friday 28 October Posted: 27 Oct 2011 07:30 PM PDT Market finished positive yesterday with heavy volume of 2.3244 bln traded, up 77.63 points. Market successfully broke through resistance of 2800, marching towards 2900. We do expect a brief pause before market break through 2900 again. New support at 2800 is formed. We mentioned before that market will be bullish if it manges to break through 2800. Therefore, our current sentiment is bullish. However, please be mindful of the Euro-crisis. Stocks that are strong –> Biosensor Biosensor is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Post Gains In Early Trade; Nikkei Adds 1.4% Posted: 27 Oct 2011 07:07 PM PDT Forexpros – Forexpros – Asian stocks moved higher in Friday trade, mirroring strong showings from European and U.S. bourses following the announced plan by EU leaders to rein in the region's debt threat. During early Asian trade, Hong Kong's Hang Seng Index rose 2.35% to 20,152.20, Japan's Nikkei Index gained 1.43% to 9,054.17, while Australia's S&P/ASX 200 added 0.77% to 4,381.50. The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, advanced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Slides In Early Asian Trade Posted: 27 Oct 2011 06:26 PM PDT Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Friday, following the rally on Wall Street, a European plan to address regional debt and a better than expected performance from the U.S. economy. AUD/USD hit 1.0692 in early Asian trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.0703, declining 0.23%. The pair was likely to find support at 1.0232, the low of October 13, and resistance at 1.0765, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WOW, SP500 Up Four Percent Posted: 27 Oct 2011 05:58 PM PDT Do we have a new bull market, are the bears toast, some thoughts. For the Bulls 1) Cycles that swung down for Aug/Sept low have timed this swing up on the counter swing (also in TRAN, MID CAP, SOX) 2) Reference to this post (red number 4 on the chart), the fourth attack to resistance normally breaks through. Completed. 3) Europe and US economic news is the fuel. 4) Copper (JJC) and Australian dollar (FXA) are up hard. A positive vote for China forecast (or short covering). 5) NYSE statistics … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Dips In Early Asian Trade Posted: 27 Oct 2011 05:53 PM PDT Forexpros – Forexpros – Crude oil futures retreated in Asian trade Friday, after jumping more than 3% late Thursday, as European officials struck a deal to address the region's debt and the U.S. economy grew at its fastest pace in a year, raising hopes for increased global energy demand. On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD93.81 a barrel during early Asian trade, easing down 0.02%, after hitting a daily high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Inches Up In Early Asian Trade Posted: 27 Oct 2011 05:17 PM PDT Forexpros – Forexpros – Gold futures moved modestly higher in Asian trade Friday, lifted by a weaker dollar but with gains tempered by a European plan to address the region's debt crisis and a better than expected performance from the U.S. economy. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,745.65 a troy ounce during early Asian trade, gaining 0.09%, after hitting a low of USDS1,742.35. Following a second summit in four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data Posted: 27 Oct 2011 05:05 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production. USD/JPY was trading at 75.94, down 0.02% at time of writing. The pair was likely to find support at 75.66, Thursday's low, and resistance at 76.44, Monday's high. Earlier in the day, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -4.0% last month from 0.6% in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 27 Oct 2011 09:02 AM PDT By ForexMansion.com by, James A. Hyerczyk On Wednesday the FTSE made a tremendous move to the upside buoyed by trader demand for risk. Although yesterday's action was fueled by a major fundamental event, the rally was set up by a strong trend and a break out over a key Fibonacci retracement level at 5603.55. Now that the market has regained the key 61.8% percent level at 5603.55, this price has become new support. Short-term overbought conditions may trigger a near-term break back to this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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