Monday, October 10, 2011

DailyMarkets.com - Forex Trading: USD/HKD Breaks Hourly Support @ 7.78078

DailyMarkets.com - Forex Trading: USD/HKD Breaks Hourly Support @ 7.78078

Forex Trading: USD/HKD Breaks Hourly Support @ 7.78078

Posted: 10 Oct 2011 05:37 PM PDT

Last night we commented that the pair has been receiving support from this level since the middle of last week; we have closed below this level in recent trade with a session low of 7.77907. Since making the lows, the pair has rebounded slightly and is currently trading at the 0.0% on the move from October 3rd highs to the low on the 5th. If the rebound continues we look to the 100 hour moving average as the bullish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/SGD Firmer As Dollar Rallies In Recent Trade

Posted: 10 Oct 2011 05:37 PM PDT

The USD is retracing earlier moves after the sell- off during US trading caused by the rally in the equity market. In the case of the USD/SGD, it appears that 1.28313 is the next topside target; 38.2% fibo line on today's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TN Sales Taxes Post Largest Gain Since Jan. 2006

Posted: 10 Oct 2011 05:27 PM PDT

NASHVILLE – “Economic recovery continues a slow pattern upward in Tennessee. Finance and Administration Commissioner Mark Emkes reported today that overall September revenues were $1.013 billion, which is 3.66% above September 2010 collections. It's the fourteenth consecutive month in which total collections exceeded the budgeted estimates.

Sales tax collections were $12.8 million more than the estimate for September. The September monthly growth rate was 8.33%.

"We are very pleased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Tests Trendline

Posted: 10 Oct 2011 04:39 PM PDT

The USDCNH has continued to be offered on the back of US pressure. In Shanghai the Yuan appreciated by 0.6% to the strongest closing level since the the country unified the official and market exchange rate in 1993 and the biggest daily increase since China loosened the peg in 2005. The USDCNH pair followed lower and is now testing what was once trendline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Daily @ 38.2%

Posted: 10 Oct 2011 04:39 PM PDT

The USDSGD pair has continued to pull back with yesterdays risk rally moving the pair ~2 big figures lower to the 38.2% retracement of the August to September move and through the trending 21 day mavg. It will be interesting to see if there a reversal of yesterday risk rally as no real resolution has been reached in Europe outside of a bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD RIght Above Support

Posted: 10 Oct 2011 04:39 PM PDT

As the risk rally also pushed the USDHKD pair lower the pair is directly above trendline support that has held for the last 12 months. Stay tuned as it could be tested in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Pares Gains In Early Asian Trade

Posted: 10 Oct 2011 04:39 PM PDT

Forexpros –
Forexpros – The euro eased from gains against the U.S. dollar in Asian trade Tuesday, boosted earlier by the weekend announcement by France and Germany of a commitment to support the region's banks and retain Greece in the single-currency euro-zone.

EUR/USD hit 1.3626 in early Asian trade, the day's low; the pair subsequently consolidated at 1.3628, edging down 0.10%.

The pair was likely to find support at 1.3381, last Monday's low, and resistance at 1.3798, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Operation Of A NYSE Handheld Broker Device

Posted: 10 Oct 2011 04:15 PM PDT

10/10/11 NYFP’s Wall Street Lingo: David McHugh of Ridge Clearing & Outsourcing gives us a look at how he operates and utilizes the NYSE handheld broker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 10 Oct 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3638, down 0.03% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8710 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Bids Adieu To Qwikster

Posted: 10 Oct 2011 10:58 AM PDT

10/10/11 Netflix reversed its decision to split up its streaming video service and DVD-by-mail service into separate sites.. Qwikster was quashed after disgruntled subscribers expressed outrage over separate account and billing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 10 Oct 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7832, down 0.10% at time of writing.

The pair was likely to find support at 0.7554, Wednesday's low, and resistance at 0.7858, today'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 1.2736 and EUR/NZD rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC Meeting Minutes, Earnings Season Kicks Off – Alcoa; UK Industrial And Manufacturing Production, BoJ Monthly Economic Report

Posted: 10 Oct 2011 03:20 PM PDT

10/10/11 The FOMC meeting minutes will be watched for insight into the “Operation Twist” announcement. The Q3 earnings season will kick off on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: 50-Day Moving Average Now Support

Posted: 10 Oct 2011 02:39 PM PDT

Cusick’s Corner
Today’s move to the upside did deliver on my view that the risk in this market is a high velocity move to the upside, with all the offensive and major sectors, XLF, XLE, XLK, XLY, XLI, outperforming the S&Ps. While the volume might have been on the light side due to the banking holiday, this is a move that the under-invested manager cannot ignore. If the headlines out of the EU stay positive, this trend could gain some further stimulus. I will be watching the mid range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chicken Or Egg? Risk Tolerance As A Driver Of Financial Success

Posted: 10 Oct 2011 02:39 PM PDT

SmartStops would like to draw your attention to this article's statement:    Overall, by taking more risk Bill can expect to be significantly better off.    As SmartStops will remind you, you can take on more risk by ensuring there is constant active oversight for it.  See other articles on that subject.   

 published originally at:  Advisor One by Geoff Davey, FinaMetrica

Many studies have shown that risk tolerance correlates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cass Freight Index Highest Since Nov. 2007

Posted: 10 Oct 2011 02:06 PM PDT

I’ve only reported a few times before on the Cass Freight Index, so here’s some background:

Starting in 1990, Cass Information Systems has calculated a monthly broad-based freight index for North America shipping activity based on the freight transactions it processes for 350 large shippers in a wide variety of industries, and the index is widely used by industry analysts and economists as an accurate barometer of North American shipping and economic trends. The diversity of shippers and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Rally, Dow Soars 330+ Points Onofficial Pledge To Solve EU Debt Crisis

Posted: 10 Oct 2011 09:00 AM PDT

10/10/11 NYFP’s Closing Bell Market Monitor: The new week saw a 330 point Dow jump on a pledge from European leaders to solve the EU debt crisis by the month’s end. Also, Netflix changes its mind on business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 10 Oct 2011 01:56 PM PDT

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

EUR/USD was trading at 1.3645, up 2.00% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.29% to hit 0.8708 and EUR/JPY rising 1.93% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 10 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 76.67, down 0.08% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.07, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 2.05% to hit 1.3653 and GBP/USD rising 0.71% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 10 Oct 2011 01:25 PM PDT

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

EUR/USD was trading at 1.3649, up 2.03% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.27% to hit 0.8707 and EUR/JPY rising 1.93% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 2.97%

Posted: 10 Oct 2011 01:16 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 2.97%, the S&P 500 index gained 3.41%, while the Nasdaq 100 index climbed 3.45%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 2.07%; Germany's DAX gained 3.02%; Britain's FTSE 100 climbed 1.80%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The U.S. Session

Posted: 10 Oct 2011 12:56 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Monday.

GBP/USD was trading at 1.5670, up 0.72% at time of writing.

The pair was likely to find support at 1.5272, Thursday's low, and resistance at 1.5689, today's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 1.30% to hit 0.8710 and GBP/JPY rising 0.59% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours

Posted: 10 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday.

USD/CHF was trading at 0.9043, down 2.47% at time of writing.

The pair was likely to find support at 0.9004, today's low, and resistance at 0.9316, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 1.92% to hit 1.3635 and USD/JPY falling 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 10 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday.

USD/CAD was trading at 1.0282, down 1.08% at time of writing.

The pair was likely to find support at 1.0235, Friday's low, and resistance at 1.0572, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.95% to hit 1.3639 and GBP/USD rising 0.70% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Hope

Posted: 10 Oct 2011 11:47 AM PDT

Cusick’s Corner
“Hope” — is the operative word out of the EU as some solution for the distressed Banks. While the fact that Germany and France are talking might be enough to get the under-invested longs into the market, we are still in the range, 1100-1200 on the S&Ps, and the headline risk and bear trend are the reality. But as I pointed out today on CNBC, it does not mean that we cannot participate and one strategic approach is the in-the-money debit spread. Now I discussed an idea that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours

Posted: 10 Oct 2011 11:45 AM PDT

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

EUR/USD was trading at 1.3649, up 2.03% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.29% to hit 0.8709 and EUR/JPY rising 1.95% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 10 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Monday.

AUD/USD was trading at 0.9990, up 2.26% at time of writing.

The pair was likely to find support at 0.9488, Wednesday's low, and resistance at 1.0015, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.22% to hit 1.3666 and AUD/JPY rising 2.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sometimes The Good Guys Really Do Win!

Posted: 10 Oct 2011 11:07 AM PDT

This is my trading record of the past 5 or 6 days since I began trading the E-mini S&P 500 Futures Contract (ES). There was no school today so I have enjoyed trading at a more leisurely pace.

Honestly, I doubt I will have a week like this past week any time soon, so I figured I better post this so I can look back and say to myself, “remember that week in October, 2011″?

And yes, I had one losing trade. That looks like last Thursday at 1:30 pm when my next class showed up at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“BoE, ECB Actions…avert A Liquidity Crisis On The Continent”

Posted: 10 Oct 2011 11:00 AM PDT

10/10/11 Meridian Equity Markets’ Stephen Guilfoyle weighs in on today’s market rally and discusses tomorrow’s FOMC minutes and the upcoming earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session

Posted: 10 Oct 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 76.64, down 0.11% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.07, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 2.10% to hit 1.3659 and GBP/USD rising 0.76% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Valuable Lesson To Learn From 2010 Support Range Break

Posted: 10 Oct 2011 10:42 AM PDT

I'm a huge believer that "history repeats," and one can often see similar situations developing now that formed in the past.
True, nothing repeats with exactitude, but you can often learn lessons – mainly about assumptions and outcomes – from studying similar chart formations that have developed in the past.
Let's take a look at something that developed in 2010 that looks eerily similar to what's going on right now:

As I've carefully shown you in prior updates, the market is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Sri Lanka Maintains Interest Rate At 7.00%

Posted: 10 Oct 2011 10:18 AM PDT

The Central Bank of Sri Lanka left its benchmark repurchase rate unchanged at 7.00%, and also kept the reverse repurchase rate at 8.50%, and the Statutory Reserve Ratio at 8%.  The Bank said: “Inflation on a year-on-year basis is expected to continue to moderate during the remainder of 2011, with the continuous improvements in domestic supply conditions supported by the high growth momentum of the economy as well as the expected moderation of international commodity prices.” … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 3.02%

Posted: 10 Oct 2011 10:15 AM PDT

Forexpros – European stocks were up after the closing bell on Monday.

At the close of European trade, Germany's DAX rose 3.02%, London's FTSE 100 gained 1.80%, France's CAC 40 climbed 2.07% and the EURO STOXX 50 was up 2.27%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 2.52%; the S&P 500 index gained 2.98%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds As Bank Recapitalization Talks Strengthen

Posted: 10 Oct 2011 10:00 AM PDT

10/10/11 The euro rallied to start the new week as a pledge to recapitalize European banks in need kept investors seeking out higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 10 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The strong close in the FTSE 100 has placed this index at the upper end of its two-month range. The size of the support base formed between 4791.00 and 5449.70 suggests a major breakout is possible once the top end of the range is exceeded.

The main range is the May top at 6103.70 to the August bottom at 4791.00. This range creates a retracement zone at 5447.35 to 5602.25. So while the short-term pattern suggests a powerful breakout is possible, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Australia 200 (AUS200)

Posted: 10 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
This chart pattern may be appealing to the aggressive counter-trend trader because of the high risk/reward potential. Following a prolonged move in terms of price and time, the AUS200 index CFD broke through the support line of a 168-candlestick rising wedge chart pattern on the 30-minute chart. This completed pattern suggests that a top has been formed and that the market is set-up for a sharp break to the downside.

The overall chart pattern rating is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, October 11, 2011

Posted: 10 Oct 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, October 11, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
109.01
− 0.20
109.24
109.60

Bearish

BND – Vanguard Total Bond Market ETF
82.96
− 0.14
83.11
83.37

Bearish

DBC – DB Commodity Index Tracking Fd
26.94
+ 2.24
26.51
26.03

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, October 11, 2011

Posted: 10 Oct 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, October 11, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.09
+ 3.91
9.85
9.47

Bullish

AXP – American Express Company
45.45
+ 4.65
44.29
43.40

Bullish

BA – Boeing Co
64.03
+ 3.59
62.21
60.56

Bullish

BAC – Bank of America Corporation
6.28
+ 6.44
6.12
5.79

Bullish

CAT – Caterpillar Inc
79.13
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, October 11, 2011

Posted: 10 Oct 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, October 11, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9991
+ 2.32
0.9807
0.9677

Bullish

EURUSD – Euro / US Dollar
1.3642
+ 1.96
1.3456
1.3349

Bullish

GBPUSD – British Pound / US Dollar
1.5666
+ 0.69
1.5525
1.5492

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0265
− 1.20
1.0353
1.0427

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, October 11, 2011

Posted: 10 Oct 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, October 11, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1191.00
+ 3.12
1163.03
1129.83

Bullish

Dow Jones – Dec YMZ1
11371
+ 2.74
11118
10854

Bullish

Nasdaq – Dec NQZ1
2276.75
+ 3.41
2219.47
2153.25

Bullish

Russell – Dec TFZ1
683.20
+ 4.18
667.04
642.67

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
138-22
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Platinum

Posted: 10 Oct 2011 03:02 AM PDT

By ForexMansion.com
By Jonah S. Ford
A potentially bullish long term formation has developed in the platinum futures which could signal a major bottom in place. Platinum has been hit hard throughout the sharp sell-off in the precious metals, trading at a historic discount of over $150 per ounce relative to the price of gold. Platinum traditional trades around $300 per ounce or more above the price of gold making the current price inversion a rare event and unlikely to last long.

After pushing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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