Wednesday, October 12, 2011

DailyMarkets.com - Forex Trading: USDHKD Breaks Trendline

DailyMarkets.com - Forex Trading: USDHKD Breaks Trendline

Forex Trading: USDHKD Breaks Trendline

Posted: 12 Oct 2011 05:33 PM PDT

The USDHKD pair broke below the year long trendline support ahead of the NY open on the back of USD weakness as risk caught a strong bid. The pair moved back above the trendline following the move lower and it will be interesting to see what unfolds globally the rest of the week as the world awaits a resolution out of Europe. Technically the momentum is certainly lower with the trending 21 day breaking below the 100 day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Stays In A Downward Channel

Posted: 12 Oct 2011 05:33 PM PDT

usd/cnh broke out of the channel but fell back in the downward channel after the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Continues To Hold 38.2%

Posted: 12 Oct 2011 05:33 PM PDT

The 38.2% retracement of the move we have been discussing this week has continued to support the USDSGD pair following the USD sell off ahead of the NY open. Tomorrow we are expecting a GDP reading from Singapore expected to be significantly stronger than the very poor reading the prior quarter. Year over Year GDP expected @ 5.6% gain versus a 0.9% the prior quarter. Stay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wyckoff 2.0 On FDX

Posted: 12 Oct 2011 05:27 PM PDT

FDX is a market cyclical stock, it swings up and down with the boom and bust cycles. Talk of recession and economic slow down has it this stock hard, too hard, and we are getting a blow off bounce as a result. We have setup our FDX chart to short the stock when the real McCoy sell off comes.

Recently FDX cut its outlook, this does not bode well for world growth.

We want to short FDX, but the working dominant cycle suggest that more time is required to allow the automatic rally from the lows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Time To Sell The NASDAQ 100

Posted: 12 Oct 2011 05:24 PM PDT

The NASDAQ 100 Index has rallied quite nicely after bouncing off key support early last week. However, price has run into key resistance, which could shift the power over to the bears en route to another round of selling pressure. Here's why..

Resistance
The daily chart shows the NASDAQ 100 ($NDX) rallied into major resistance at 2,325, which is precisely where it turned down in September ahead of the major sell-off to 2,040.
The $NDX rallied into 2,325 late in the session and immediately … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Testing New Resistance Line

Posted: 12 Oct 2011 04:33 PM PDT

The usd/hkd tested the new resistance line twice in the last few days and so far it continues to provide resistance for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 12 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3790, down 0.03% at time of writing.

The pair was likely to find support at 1.3361, Friday's low, and resistance at 1.3834, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8756 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDIC Forecasts Reduced Losses For Bank Failures

Posted: 12 Oct 2011 03:58 PM PDT

10/12/11 The Federal Deposit Insurance Corporation estimates US bank failures to cost $19 bln from 2011 to 2015. Despite the steep losses, it is an improvement from the $23 bln loss in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 12 Oct 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7944, down 0.19% at time of writing.

The pair was likely to find support at 0.7676, Friday's low, and resistance at 0.7996, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.2767 and EUR/NZD rising 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Rising Flag Formation In GLD

Posted: 12 Oct 2011 03:32 PM PDT

Cusick’s Corner
Tread lightly. The market came off the highs and there has been little volume in what has become a decently oversold market. This has not catalyzed the shorts but we have Claims data tomorrow, and the market is going to want to see that the payrolls are picking up and definitely does not want to see a number above the 410K mark. Strategically I was trying to get some bearish exposure in the metals, specifically GLD, but was unable to get my price and I do not want to chase. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Wal-Mart And The Retail Lobby Used Regulatory Robbery To Squeeze Banks, Consumers

Posted: 12 Oct 2011 03:27 PM PDT

Here’s some more public choice economics to follow the post below about Google’s Chairman – this public choice analysis comes from Washington Examiner’s Tim Carney about the recent announcement that Bank of America will begin charging a $5 monthly fee to debit card customers: 

“The real culprit is Walmart and the retail lobby, which used government to squeeze banks and fatten their own bottom line. Walmart won, banks lost, and now customers are stuck with a new monthly fee.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – Google, JPMorgan, US International Trade, Jobless Claims, EIA Oil Inventories; Australian Jobs Report, UK Trade Balance

Posted: 12 Oct 2011 03:20 PM PDT

10/12/11 Key earnings and economic data will be closely watched. Earnings results for Google and JP Morgan are scheduled for release on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sinopec Closes Indonesian Deal

Posted: 12 Oct 2011 03:15 PM PDT

Sinopec International Exploration and Production Corporation, a unit of China Petroleum and Chemical Corporation or Sinopec (NYSE:SNP), has wrapped up its 18% share acquisition in an Indonesian deep-water project from the U.S. oil giant Chevron Corp. (NYSE:CVX). The total consideration of the transaction was $680 million.

Last December, Sinopec had signed the deal with Chevron. The move marked the leading Asian petroleum and petrochemical company's re-entry into Indonesia following its withdrawal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Google’s Eric Schmidt: “Public Choice Scholar”

Posted: 12 Oct 2011 03:13 PM PDT

Mercatus Center senior fellow Jerry Brito provides some highlights of the recent Washington Post interview with Google Chairman Eric Schmidt, as he reflected on his first time testifying before Congress in an antitrust hearing about Google.  Here are some excerpts:

“So we get hauled in front of the Congress for developing a product that's free, that serves a billion people. Okay? I mean, I don't know how to say it any clearer. I mean, it's fine. It's their job. But it's not like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forest Oil Remains Evenly Poised

Posted: 12 Oct 2011 03:10 PM PDT

We maintain our long-term Neutral recommendation on Forest Oil Corporation (NYSE:FST), an independent oil and gas company engaged in the acquisition, exploration, production and development of oil and gas properties in North America.

Forest Oil has significant acreage in oil rich areas of Eagle Ford, Texas Panhandle, Alberta Nikanassin Sand and Wolfcamp. The line upside from these regions and a focus on cost control position the company well to weather the volatility in gas prices.

We believe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Mattel

Posted: 12 Oct 2011 02:55 PM PDT

The world's largest manufacturer of toys, Mattel Inc. (NYSE:MAT) is slated to release its third quarter 2011 results on Friday, October 14, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at 86 cents per share, representing an annualized growth of 11.7%. The Zacks Consensus Sales estimate for the third quarter is $1,962 million.

With respect to earnings surprises over the trailing four quarters, Mattel witnessed significant upside from approximately … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TOTAL Reorganizes For Growth

Posted: 12 Oct 2011 02:50 PM PDT

French integrated oil and gas producer TOTAL S.A. (NYSE:TOT) recently announced the reorganization of its business segments, responding to the profound changes in its business and competitive environment. TOTAL is adding a new dimension to its strategy for developing industrial and commercial activities in its refining, marketing and chemicals operations.

TOTAL said the reorganization will result in the creation of two new divisions, namely Refining & Chemicals and Supply & Marketing, in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WFC Ups Stake In Golden Capital

Posted: 12 Oct 2011 02:35 PM PDT

On Monday,Wells Capital Management (WellsCap), a unit of  Wells Fargo & Company (NYSE:WFC) disclosed the completion of a deal with Golden Capital Management, LLC (GCM). As a part of the transaction, WFC increased its equity stake in GCM from 45% to 65%.
Golden Capital Management, LLC is a provider of investment management knowledge to institutional and high net-worth clients nationwide. It works with a team of 25 expert members in Charlotte and Boston.
In early October, a deal between GCM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Trade Ideas For Thursday, Oct 13th

Posted: 12 Oct 2011 02:25 PM PDT

( click to enlarge )

Accum/Dist chart on Banner Corporation (NASDAQ:BANR) is showing a clear accumulation trend since July. The stock broke and closed today above its 50-day moving average (14.20), and is poised to continue higher, towards the 15.5-16 area next.

    ( click to enlarge )

Shares of A123 Systems, Inc. (AONE) soared 26% to $4.19 per share after General Motors said that the company would be supplying the power for the automaker’s first all-electric car. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vulcan Appoints New Senior VP

Posted: 12 Oct 2011 02:20 PM PDT

Vulcan Materials Company (NYSE:VMC) recently announced the appointment of John McPherson as the Senior Vice President, Strategy and Business Development.
Mr. McPherson presently serves as the Director (senior partner) of McKinsey & Company and supervises the company's Human Capital Practice. Previously, he has also served as the managing partner of the company's Dallas office. Mr. McPherson began his career at Goldman Sachs & Co., a part of The Goldman Sachs Group, Inc. (NYSE:GS) after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Plains Raises Distribution Rate

Posted: 12 Oct 2011 02:20 PM PDT

Plains All American Pipeline LP (NYSE:PAA) extended its practice of sharing more benefits with its unitholders through the increase of the cash distribution rate. The partnership announced a new quarterly cash distribution rate of 99.5 cents per unit on all of its outstanding limited partner units.
The partnership has a long history of increasing distribution to unit holders. With this distribution, Plains has increased the quarterly distribution to limited partners in 28 out of the past 30 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Invesco’s September AUM Shrinks

Posted: 12 Oct 2011 02:20 PM PDT

Invesco Ltd. (NYSE:IVZ) has reported significant decline in its preliminary month-end assets under management (AUM) for the month of September 2011. Its AUM for the reported month dropped 4.9% to $598.4 billion from $629.4 billion at the end of August 2011, mainly due to the effects of negative market returns. Further, foreign exchange lowered the AUM by $7.0 billion during the month under review.
Invesco's preliminary AUM, excluding Exchange Traded Funds (ETFs), Unit Investment Trust (UIT) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonoco Inks Deal To Buy Tegrant

Posted: 12 Oct 2011 02:20 PM PDT

Sonoco Products Co. (NYSE:SON) entered into an agreement to acquire Tegrant Corporation from Metalmark Capital for a cash consideration of $550 million. The acquisition is expected to close in November 2011 pending regulatory reviews. 
The purchase consideration, adjusted for expected tax benefits, equals 6.8 times Tegrant's estimated pro forma 2011 Earnings Before Interest, Tax and Depreciation and Amortization of approximately $74 million.
The acquisition will be funded from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Rallies 102 Points, Slovakia Expected To Pass ESFS Extension Vote, & RIM Drops On Message Service Problems

Posted: 12 Oct 2011 09:00 AM PDT

10/12/11 The Big Board posted a 102+ point gain today led by Slovakia’s agreement to expand the EFSF. The Fed minutes revealed Operation Twist & Research in Motion’s messaging and email server problems … [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: 12 Oct 2011 01:55 PM PDT

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

EUR/USD was trading at 1.3787, up 1.08% at time of writing.

The pair was likely to find support at 1.3361, Friday's low, and resistance at 1.3834, today's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8756 and EUR/JPY rising 1.88% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 12 Oct 2011 01:40 PM PDT

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

USD/JPY was trading at 77.26, up 0.80% at time of writing.

The pair was likely to find support at 76.32, today's low, and resistance at 77.49, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.10% to hit 1.3789 and GBP/USD rising 1.12% 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: 12 Oct 2011 01:25 PM PDT

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

EUR/USD was trading at 1.3786, up 1.07% at time of writing.

The pair was likely to find support at 1.3361, Friday's low, and resistance at 1.3834, today's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8754 and EUR/JPY rising 1.89% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Halliburton Named In DJSI, Again

Posted: 12 Oct 2011 01:21 PM PDT

For the second year in a row, major oilfield service provider Halliburton Co. (NYSE:HAL) has been selected as a member of the global Dow Jones Sustainability Indexes ("DJSI"), the global indicator tracking the financial performance of leading sustainability-driven companies worldwide.
Launched in 1999, DJSI is widely considered as the benchmark in this area. The index is drawn up by Dow Jones in collaboration with investment management firm Strategic Asset Management ("SAM").
Halliburton … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate Seals Esurance & Answer Deal

Posted: 12 Oct 2011 01:16 PM PDT

On Friday, Allstate Corp. (NYSE:ALL) announced the completion of the acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. (NYSE:WTM) for $1.0 billion. This marks the next biggest acquisition for the company since 1999, when it bought American Heritage Life Investment Corp., a life insurance company specializing in the workplace, for $1.1 billion.
The impact of the acquisition on earnings is expected to be break-even by the second full year of ownership and accretive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ND Oil Boom = Housing Boom = Rent Control?

Posted: 12 Oct 2011 01:16 PM PDT

The oil boom in North Dakota is fueling a housing boom, which is putting upward pressure on rents in the oil-rich Western parts of the state.  The Minot Daily News is reporting that monthly rents on the apartments at one local complex recently more than doubled from $475 to $750 for a one-bedroom unit, $485 to $1,100 for a 2-bedroom unit and $541 to $1,300 for a 3-bedroom unit.  

The steep rental increases are causing some Minot residents and local politicians to voice claims of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.90%

Posted: 12 Oct 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.90%, the S&P 500 index gained 0.98%, while the Nasdaq 100 index climbed 0.53%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 2.42%; Germany's DAX gained 2.21%; Britain's FTSE 100 climbed 0.85%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron 3Q To Be Sequentially Flat

Posted: 12 Oct 2011 01:00 PM PDT

U.S. energy behemoth Chevron Corp. (NYSE:CVX) released its third quarter 2011 interim update, covering the first 2 months of the quarter. On the whole, the update is neutral, with earnings expected to be in-line with the previous quarter.
The company expects results for the Exploration and Production arm to be hampered by a fall in crude oil prices and lower output. But the San Ramon, California-based integrated major further added that third quarter refining and marketing results would benefit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed’s Follow-On Sensor Deal

Posted: 12 Oct 2011 12:55 PM PDT

Lockheed Martin Corporation (NYSE:LMT) has received a follow-on production contract worth $19.0 million for VNsight low-light vision sensors that are to be installed in Apache attack helicopters.

Per the VNsight Lot 2 production contract, the company will supply 112 sensors and spares for 4 U.S. Army Apache battalions and additional sensors for Foreign Military Sales.

The Apache helicopter is a four-blade, twin-engine attack helicopter with a tail wheel-type landing gear arrangement, and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 12 Oct 2011 12:55 PM PDT

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

GBP/USD was trading at 1.5761, up 1.18% at time of writing.

The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5798, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8753 and GBP/JPY rising 2.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AutoDesk Tools For Gears Of War

Posted: 12 Oct 2011 12:50 PM PDT

Epic Games has sought the help of AutoDesk Inc.'s (NASDAQ:ADSK) range of production-proven middleware and creative tools to create the last part of the Gears of War trilogy.
In the Gears of War 3, the developer Epic Games has used AutoDesk's Scaleform middleware to create the user interface and has integrated it with Unreal Engine 3 (game engine developed by Epic Games) and AutoDesk FBX.
AutoDesk Scaleform combines the hardware accelerated 3D graphics technology with the productivity and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Warren Buffett Updates: He Sheltered Millions Through Giving To Charity, Must Not Trust Gov’t.?

Posted: 12 Oct 2011 12:36 PM PDT

Based on early release tax data from the IRS for 2009, the chart above displays new average tax rates for various income groups and shows that federal income taxes are highly progressive as intended – the higher the taxable income the higher the tax rate, on average.  Americans in the bottom 50% with incomes below $32,400 paid only 1.85% of their income in federal income taxes in 2009, while those in the top 1% with incomes above $344,000 paid an average of 24% of their income in federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cincinnati Estimates Cat Loss

Posted: 12 Oct 2011 12:35 PM PDT

Yesterday, property and casualty insurer Cincinnati Financial Corp. (NASDAQ:CINF) declared a preliminary pre-tax catastrophe loss (cat loss) estimate of about $88–$98 million, which will be reflected in its third quarter 2011 results.  The losses mainly emanated from Hurricane Irene and other catastrophes.
The Cincinnati, Ohio-based company stated that catastrophes affected its loss ratio by an average of 4.9 % for the third quarter and 4.4% on a full-year basis over the past decade. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Volatility Crush

Posted: 12 Oct 2011 12:32 PM PDT

Cusick’s Corner
Impressive — this has been an impressive move in spite of the low volume. There is little in the way of resistance and what has been equally impressive is the volatility crush, VIX down over 30% in the last 6 days, which at the very minimum is not contradicting the move in equities. This is a market that now could get caught in a choppy range while the large GEO-economic risks work themselves out. See you After Hours.
Gains across Europe helped set the table for a morning rally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 12 Oct 2011 12:30 PM PDT

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

USD/CHF was trading at 0.8938, down 1.63% at time of writing.

The pair was likely to find support at 0.8919, today's low, and resistance at 0.9288, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 1.21% to hit 1.3805 and USD/JPY rising 0.85% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CTIC Upped To Outperform

Posted: 12 Oct 2011 12:25 PM PDT

We recently upgraded  Cell Therapeutics (CTIC) to Outperform from Neutral due to improved visibility on the approval of lead pipeline candidate pixantrone.
Pixantrone is being developed for the treatment of hematologic malignancies and solid tumors. Cell Therapeutics had studied pixantrone in relapsed, aggressive non-hodgkin’s lymphoma (NHL), in patients who have not responded to other treatment options, in a late stage trial, PIX301.
The FDA had issued a complete response letter (CRL) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Activision Partners Toys “R” Us

Posted: 12 Oct 2011 12:20 PM PDT

Video game developer and publisher Activision Blizzard Inc. (NASDAQ:ATVI) recently entered into a marketing partnership with Toys “R” Us, one of the leading toy and juvenile products retailers, to launch its new video game Skylanders Spyro’s Adventure.

On October 8, 2011, Activision and Toys "R" Us unveiled the latest video game by launching full game demos and interactive game kiosks across over 1200 Toys "R" Us retail stores worldwide. The new game will hit retail stores on October 16, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FIW, FNI, GASX

Posted: 12 Oct 2011 12:20 PM PDT

Weekly update on the First Trust ISE Water Index Fund and First Trust ISE ChIndia Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 12 Oct 2011 12:10 PM PDT

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

USD/CAD was trading at 1.0147, down 1.49% at time of writing.

The pair was likely to find support at 1.0133, today's low, and resistance at 1.0418, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.14% to hit 1.3796 and GBP/USD rising 1.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 12 Oct 2011 11:45 AM PDT

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

EUR/USD was trading at 1.3813, up 1.27% at time of writing.

The pair was likely to find support at 1.3361, Friday's low, and resistance at 1.3834, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8761 and EUR/JPY rising 2.19% 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: 12 Oct 2011 11:15 AM PDT

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

AUD/USD was trading at 1.0189, up 2.37% at time of writing.

The pair was likely to find support at 0.9730, Friday's low, and resistance at 1.0206, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 1.07% to hit 1.3558 and AUD/JPY rising 3.37% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 12 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE continue to soar on Wednesday with the index taking out its September high at 5449.70. The strong close also has the index in a position to rally further with only short-term overbought conditions impeding its potential bullishness. With momentum building to the upside, some traders have already set their sights on the August top at 5913.50.
While some traders are focusing on the short-term developments, others are still monitoring the market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US2000

Posted: 12 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The rally in the US2000 index CFD stalled enough after a tremendous move to form a short-term top and create an ABCD Fibonacci pattern on the 30-minute chart. This pattern typically indicates the start of a counter-trend move into a series of retracement levels. This Fibonacci pattern offers the trader many options including profit-taking and counter-trend short-selling.

The ABCD Fibonacci pattern is the backbone of all Fibonacci patterns. Basic in its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, October 13, 2011

Posted: 12 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, October 13, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0156
+ 2.06
0.9982
0.9677

Bullish

EURUSD – Euro / US Dollar
1.3786
+ 1.09
1.3645
1.3349

Bullish

GBPUSD – British Pound / US Dollar
1.5749
+ 1.12
1.5643
1.5492

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0175
− 1.19
1.0270
1.0427

Bearish

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

The Trend Trader For Stock Trading On Thursday, October 13, 2011

Posted: 12 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, October 13, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.05
− 2.43
10.10
9.47

Neutral

AXP – American Express Company
47.03
+ 2.78
45.86
43.40

Bullish

BA – Boeing Co
64.32
+ 0.55
64.04
60.56

Bullish

BAC – Bank of America Corporation
6.58
+ 3.30
6.37
5.79

Bullish

CAT – Caterpillar Inc
81.70
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, October 13, 2011

Posted: 12 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, October 13, 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
109.06
− 0.19
109.06
109.60

Neutral

BND – Vanguard Total Bond Market ETF
82.90
− 0.02
82.91
83.37

Bearish

DBC – DB Commodity Index Tracking Fd
27.19
+ 0.18
27.05
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 Futures Trading On Thursday, October 13, 2011

Posted: 12 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, October 13, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1198.25
+ 0.74
1192.33
1129.83

Bullish

Dow Jones – Dec YMZ1
11416
+ 0.79
11369
10854

Bullish

Nasdaq – Dec NQZ1
2296.50
+ 0.35
2284.03
2153.25

Bullish

Russell – Dec TFZ1
693.30
+ 1.06
685.50
642.67

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
138-18
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Coffee

Posted: 12 Oct 2011 03:03 AM PDT

By ForexMansion.com
By Jonah S. Ford
Following one of the steepest price drops on record, coffee futures appears to have found support and may be poised to rally. Coffee had been in a multi-year bull market prior to the late summer liquidation in the commodities complex taking the wind out of its sails. The price fell from historic highs near $3.00 per pound all the way back to $2.20 over several down weeks in a row.

The downward price action found severe resistance with every bounce, forming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment