Monday, October 3, 2011

DailyMarkets.com - Forex Trading: USDSGD Hourly Bullish

DailyMarkets.com - Forex Trading: USDSGD Hourly Bullish

Forex Trading: USDSGD Hourly Bullish

Posted: 03 Oct 2011 04:50 PM PDT

With the 21hr moving average breaking above the 100 hr last week and now the 100 hr beginning to run parallel and north with the 200hr, the short-term implications continue to be bullish. It is also note worthy that the trending 21hr mavg has also provided clear short-term support for the last 3 sessions, another positive indicator for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Advances In Early Asian Trade

Posted: 03 Oct 2011 05:20 PM PDT

Forexpros –
Forexpros – Gold futures traded higher in Asian trade Tuesday, as renewed fears of a Greek default coupled with a downturn in global equities lured investors back to the safe-haven precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,669.15 a troy ounce during early Asian trade, adding 0.78%, after hitting a low of USDS1,656.85.

Earlier Monday, the Greek government announced its 2011 fiscal deficit would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Rebounds In Early Asian Trade

Posted: 03 Oct 2011 04:38 PM PDT

Forexpros –
Forexpros – The euro moved higher against the U.S. dollar in Asian trade Tuesday, after EUR/USD hit an eight-month, intra-day low following Greece's announcement it would not be meeting its deficit target this year, renewing fears the country was facing imminent default.

EUR/USD hit 1.3206 in early Asian trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3199, rising 0.17%.

The pair was likely to find support at 1.3089, the low of January 13, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Ranging

Posted: 03 Oct 2011 04:21 PM PDT

The USDCNH pair is ranging this holiday week in China and on the chart below we see the pair trading violently in the lower part of the 2011 move for the last ~2 weeks. Chatter about Congressional Legislation in regards to the appreciation of the Yuan could put some pressure on the pair despite the USD's strong bid across the board. However, any push lower could find support for the pair at the 100day moving average ahead of what was once trendline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Sub-Par “Investment-Less” Recovery

Posted: 03 Oct 2011 04:35 PM PDT

From today’s Enterprise Blog:

The chart above helps to illustrate the current economic situation by showing the percent changes since the third quarter of 2007 for five key economic variables: real personal consumption spending, real disposable personal income, real GDP, private payroll employment, and real business investment. As can be seen in the chart, consumption, income, and production have all recovered from the effects of the Great Recession and are now back to their pre-recession … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 03 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3193, up 0.13% at time of writing.

The pair was likely to find support at 1.3164, today's low, and resistance at 1.3690, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8550 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Auto Sales Soars In September For GM

Posted: 03 Oct 2011 03:58 PM PDT

10/03/11 Detroit automakers saw strong sales results in September. General Motors sales spiked by 20% last month, boosted by demand for pickup trucks and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Eyes Tangguh For LNG Expansion

Posted: 03 Oct 2011 03:35 PM PDT

BP Plc (NYSE:BP) is pondering over its plan to augment the size of its $5 billion Tangguh liquefied natural gas (LNG) plant by almost four times. The company wants to participate in the future growth of the developing nations especially Asia and is thus following the multi billion dollar model established by Royal Dutch Shell Plc (RDS.A) that goes beyond revenue generation and also supports growth in new areas.
The Tangguh LNG plant in West Papua in the east of Indonesia currently has two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 03 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 0.7522, down 0.09% at time of writing.

The pair was likely to find support at 0.7512, today's low, and resistance at 0.7901, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.03% to hit 1.2661 and EUR/NZD rising 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Factory Orders, Bernanke Speaks Before Joint Economic Committee, Apple IPhone Event, RBA Rate Decision, Euro-zone PPI

Posted: 03 Oct 2011 03:20 PM PDT

10/03/11 Tuesday will bring key economic data on inflation from the Euro-zone and factory orders from the US. Bernanke’s speech and the Apple iPhone event will also be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Best Buy Seasonal Hires Down 50%

Posted: 03 Oct 2011 03:05 PM PDT

Unemployment issues continue to flare up in the U.S. and Best Buy Company, Inc. (NYSE:BBY) is adding fuel to the fire. These words may sound harsh, but so is the decision of leading specialty retailer of consumer electronic products to hire almost 50% fewer temporary workers this holiday season than the prior-year period.
This holiday season, Best Buy will employ approximately 15,000 seasonal workers and hinted that its permanent staff would work overtime to cover the extra hours, AP reported. By … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Covidien Hikes Dividend

Posted: 03 Oct 2011 03:05 PM PDT

Leading health care products maker Covidien plc (NYSE:COV) recently lifted its quarterly dividend to 22.5 cents a share from 20 cents, representing a 12.5% growth. This raises the annual dividend to 90 cents per share from the current payout of 80 cents. The revised quarterly dividend is payable on November 4, 2011, to shareholders of record as on October 13, 2011.
The dividend increase underscores Covidien's commitment to deliver incremental returns to investors leveraging a solid free cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Energy’s RFP In The Carolinas

Posted: 03 Oct 2011 03:05 PM PDT

Duke Energy Corporation's (NYSE:DUK) regulated utility subsidiary Duke Energy Carolinas issued a request for proposal (RFP) to purchase up to 1,500 megawatts of intermediate and/or peaking electricity generation (capacity and energy) in the 2015 through 2017 timeframe.
The RFP is driven by the company’s plan to retire by 2015 all un-scrubbed coal-fired generation in the Carolinas. The company found it uneconomical to install a sulfur-dioxide scrubber in place. The company will accept proposals … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bears Spotted Going To Sizzler

Posted: 03 Oct 2011 02:38 PM PDT

Cusick’s Corner
The market reached a tipping point and has shifted to continued distribution in the equities and commodities space. There are numerous headlines crossing the wires that have impacted this downside move and bearish psyche, but the reality is that the market has been in a bear trend since coming off the July highs. The S&Ps have broken the 1100 level, at 1087 as I write this; I am looking for the lows around the 1060/1050 level that I discussed last week — I am seeing any … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD @ The Top Of The ST Channel

Posted: 03 Oct 2011 01:49 PM PDT

Reviewing the short-term channel from yesterday, we see the USDSGD pair has traded to the top of the channel as we see the USD on session highs against most pairs at the end of the NY trading session. It will be interesting to see if this USD move continues or will there be a mild pull back following today's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BUY/SELL DUST $38.13/$39.13 – US Dollar And Stock Market

Posted: 03 Oct 2011 02:34 PM PDT

In this morning’s pre-market I did not see much hope for the positive divergence trades I posted over the weekend, but it appeared to me the Direxion Gold Miner Bear 2X ETF (DUST) was about to change direction from down to up, so I bought shares at $38.13. At my lunch break it seemed that DUST was acting iffy and as I knew I would not be able to watch it for the rest of the day, I sold at $39.13 for a modest 2.6% gain.

Sure enough, within 45 minutes DUST was back down to $38.24 and my … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Broadridge Wins New Deal

Posted: 03 Oct 2011 02:30 PM PDT

Broadridge Financial Solution (NYSE:BR) recently secured a contract from Societe Generale, for providing technology and outsourcing services to the latter's U.S. broker-dealer, SG Americas Securities, LLC.
Through this deal, Societe Generale intends to support the growth of its businesses in the U.S..  The deal will enable Societe General to utilize Broadridge’s industry-leading institutional securities processing platform, as well as its Business Process Outsourcing (BPO) solution. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On NiSource

Posted: 03 Oct 2011 02:30 PM PDT

We have retained our Neutral recommendation on the diversified utility NiSource Inc. (NYSE:NI).
NiSource is exposed to volatile commodity prices as its main source of power generation is coal and natural gas. The company mainly combats this volatile price environment through hedging and relies on regulatory recovery mechanisms to recover the costs incurred in operations. Dependence on regulatory mechanisms for cost recovery has its risks and uncertainties that can jeopardize the top line.
NiSource … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Bancorp Reiterated Neutral

Posted: 03 Oct 2011 02:30 PM PDT

We maintain our Neutral recommendation on U.S. Bancorp (NYSE:USB) based on strong second-quarter 2011 results. The results outpaced the Zacks Consensus Estimate and were ahead of the prior-year quarter as well as prior quarter's earnings.
In July, U.S. Bancorp reported second-quarter 2011 earnings of 60 cents per share, surpassing the Zacks Consensus Estimate of 53 cents. Earnings beat the prior-year quarter figure by 8 cents per share and prior-quarter by 15 cents.
Quarterly results at U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

?!?!

Posted: 03 Oct 2011 02:22 PM PDT

Wait…what?!?!
“I don’t think that they’re better off than they were four years ago,” Obama said. “They’re not better off than they were before Lehman’s collapse, before the financial crisis, before this extraordinary recession that we’re going through. I think that what we’ve seen is that we’ve been able to make steady progress to stabilize the economy but the unemployment rate is still way too high.”
Are my eyes deceiving me, or did President Obama just admit, in an ABC News interview (via … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Casinos Stocks Are Plunging

Posted: 03 Oct 2011 02:22 PM PDT

( click to enlarge )

Las Vegas Sands Corp. (NYSE:LVS) – Hold with a stop-loss at $36. Fresh exposures may be avoided, as the short-term outlook is bearish. A close below $36 would impart further weakness and a subsequent test of $34.61 ( 52-week low ) is not ruled out. The trend would turn positive only a close above $39.81. Long positions may be considered on a daily close above this level.

( click to enlarge )

Wynn Resorts, Limited (NASDAQ:WYNN) – The short term scenario is not encouraging for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Crude, Fuel Inventories Rise

Posted: 03 Oct 2011 02:05 PM PDT

The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency's report further revealed that both gasoline and distillate stocks added to their supplies, while refiners reduced processing rates by 0.5%.
The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending Friday, outlines information regarding the weekly change in petroleum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AEO Chairman Repurchases Shares

Posted: 03 Oct 2011 02:05 PM PDT

As reported by Reuter, the chairman of American Eagle Outfitters, Inc. (NYSE:AEO), Jay Schottenstein, repurchased 1 million shares of the company. As per the regulatory filing, Schottenstein bought the shares for about $11.2 million.
Since the announcement of its hunt for a CEO, the company has been witnessing a fall in its value, resulting in market share loss to competitors like Abercrombie & Fitch (NYSE:ANF), as they head into the all-important winter-holiday selling season.
The share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Quarter, Same Results As Dow Drops 258 Points

Posted: 03 Oct 2011 09:00 AM PDT

10/03/11 NYFP’s Closing Bell Market Monitor: The Dow Jones kicked off a new quarter with a big 258 point loss on Greek default concerns, a steep decline in financials, and a rough ride for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 03 Oct 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3178, down 1.56% at time of writing.

The pair was likely to find support at 1.3168, today's low, and resistance at 1.3690, Wednesday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing PMI to … [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: 03 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on ISM Manufacturing Index.

USD/JPY was trading at 76.65, down 0.52% at time of writing.

The pair was likely to find support at 76.34, Wednesday's low, and resistance at 77.27, Monday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

First Industrial Secures Funding

Posted: 03 Oct 2011 01:35 PM PDT

First Industrial Realty Trust, Inc. (NYSE:FR), a real estate investment trust (REIT), has recently obtained a debt funding of $77.6 million collateralized by 24 industrial buildings from an unnamed life insurance company. The 10-year debt facility bears a fixed-rated interest rate of 4.85% over a 30-year amortization schedule.
The loan-to-value ratio for the transaction, secured by properties spanning 2.3 million square feet of industrial space, was approximately 70%. The properties are located in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca-Cola Stays Neutral

Posted: 03 Oct 2011 01:35 PM PDT

We reaffirm our Neutral recommendation for The Coca-Cola Co. (NYSE:KO) following the second quarter 2011 earnings of $1.17 per share, which exceeded the Zacks Consensus Estimate by a penny. It also exceeded the prior-year quarter earnings of $1.06 and were ahead of the company's long-term growth target.
In both the current and the prior-year quarters, Coca-Cola was impacted by restructuring charges and costs related to global productivity initiatives as well as the acquisition of the North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Trades At New 6 Month Highs

Posted: 03 Oct 2011 01:35 PM PDT

The USDCHF has extended higher and is trading at new 6 month highs for the pair. The last time the market was this high was April 6th The high on that day reached 0.9293.  This is the next target on the daily chart for the pair.  The area also corresponds with the December 31st 2010 low. This was also the low for all of 2010.
On the downside, the 0.9175-80 is now support for the pair. This corresponds to the high reached on September 22nd. It also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 03 Oct 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3185, down 1.52% at time of writing.

The pair was likely to find support at 1.3183, today's low, and resistance at 1.3690, Wednesday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing PMI to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.36%

Posted: 03 Oct 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 2.36%, the S&P 500 index shed 2.85%, while the Nasdaq 100 index declined 2.53%.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing PMI to fall to 50.5 last month.

Meanwhile, across the Atlantic, European stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ZOLL’s AED A Life Saver

Posted: 03 Oct 2011 12:58 PM PDT

Massachusetts-based medical devices maker ZOLL Medical (NASDAQ:ZOLL) recently revealed that football trainers of Breaux Bridge High School located in Breaux Bridge, Louisiana, used a ZOLL AED Plus along with cardiopulmonary resuscitation ("CPR") to save the life of a freshman football player.
The coaches adopted life-saving tactics after noticing the 15-year old boy lying on the ground during a scrimmage. The youth had recently begun his sophomore year in high school.
Sudden Cardiac Arrest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Partners With KEK

Posted: 03 Oct 2011 12:58 PM PDT

IBM Corp. (NYSE:IBM) and High Energy Accelerator Research Organization of Japan, also known as KEK, have joined hands to develop a server and storage solution named “KEK Central Computer System.”
The KEK Central Computer System will consist of more than 370 highly-scalable IBM iDataPlex systems that are capable of high-speed processing while consuming less power and space. The system will store and analyze data generated from experiments that will be used for better understanding and exploration … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Resource Still Neutral

Posted: 03 Oct 2011 12:58 PM PDT

We maintain our Neutral recommendation on Natural Resource Partners L.P. (NYSE:NRP) as we expect the partnership to benefit from the improvement in coal market fundamentals, recent acquisitions, strong liquidity and solid quarterly results.
Through the first half of 2011, metallurgical coal production at Natural Resource Partners was strong, accounting for 37% of production and 47% of coal royalty revenues. Going forward, we expect the dynamics of coal demand to improve.
The demand for steam coal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 03 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.

GBP/USD was trading at 1.5465, down 0.77% at time of writing.

The pair was likely to find support at 1.5444, today's low, and resistance at 1.5716, Thursday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More On China’s Currency

Posted: 03 Oct 2011 12:48 PM PDT

“In substantive terms, there is little to be gained from high-profile pressure on China to accelerate the pace of RMB appreciation, since the United States possesses no leverage which can be plausibly brought to bear. U.S. policy should therefore de-emphasize the exchange rate, and instead focus on keeping the pressure on China to maintain and expand market access for American firms in the domestic Chinese market, which in principle is provided for under the terms of China's accession to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Has Broken Two Critical Levels

Posted: 03 Oct 2011 12:37 PM PDT

Cusick’s Corner
The market into the Midday has broken two critical levels, 1120 and 1102 on the S&Ps, which has the bears in complete control and new lows are potentially in sight. Now if we do get a bounce, let’s say to 1150 on the S&Ps, the shorts could come under squeeze pressure, but I have seen enough action to say that the downside and the EU headlines that continue to come out have been worse than the stories out of a bad Greek wedding. Be careful playing the short side, there is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iron Mountain Stays Neutral

Posted: 03 Oct 2011 12:35 PM PDT

We reiterate our long-term Neutral recommendation on Iron Mountain Inc. (NYSE:IRM). The company reported second quarter 2011 earnings that were in line with the Zacks Consensus Estimate.
Though revenues increased on a year-over-year basis, they missed the Zacks Consensus Estimate. Results were driven by continued strong performance in the storage segment, which benefited from strength in the International Physical segment and sustained growth in the North Americabusiness.
Positives were derived … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover Lowers Lobbying In 2Q

Posted: 03 Oct 2011 12:35 PM PDT

Discover Financial Services (NYSE:DFS) spent $200,000 on lobbying in the second quarter of 2011, down 28.6% from $280,000 spent in the year-ago quarter. The second-quarter lobbying expense also showed a steep 44% decline from $360,000 spent in the first quarter of the year.
Discover lobbied the Congress and the Treasury Department of the federal government on various legislations, including those concerning financial reforms, patent reforms, electronic payments and credit card lending.
Discover … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 03 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday after the release of U.S. data on ISM Manufacturing Index.

USD/CHF was trading at 0.9193, up 1.27% at time of writing.

The pair was likely to find support at 0.8919, Thursday's low, and resistance at 0.9200, today's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 03 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.

USD/CAD was trading at 1.0496, down 0.05% at time of writing.

The pair was likely to find support at 1.0205, Wednesday's low, and resistance at 1.0529, today's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recession Watch: No Evidence Yet Of Double-Dip

Posted: 03 Oct 2011 12:06 PM PDT

According to the National Bureau of Economic Research, a recession is a “significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”  Here’s how some of those key recession-indicating variables are doing:

1. Industrial production: Increased by 4.67% at an annual rate over the most recent three month period from May to August.

2. Private … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 03 Oct 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3221, down 1.25% at time of writing.

The pair was likely to find support at 1.3217, today's low, and resistance at 1.3690, Wednesday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.

Analysts had expected the ISM manufacturing PMI to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tarsus Delivering On Emerging Market Promise After French Disposal

Posted: 03 Oct 2011 06:23 AM PDT

Event group Tarsus (LON:TRS) has confirmed its commitment to emerging markets by selling a 51 percent interest in Modamont, its struggling French subsidiary, to a JV partner, Premiere Vision, for €6.1 million. The move marks a significant cut in Tarsus' exposure to the economic gloom of the French market allowing a greater focus on the growth opportunities afforded by current operations in Asia, the Middle East and Turkey.

Speaking to Stockopedia, Douglas Emslie, the group managing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: AUSTRALIA 200 (AUS200)

Posted: 03 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The Australia 200 (AUS200) is expected to open weaker following a sharp sell-off in U.S. equity markets. This move is likely to lead to a continuation of the downtrending flag chart pattern on the 240-minute chart. Although the down-sloping support line is the first target, sustained selling pressure could trigger a breakout through this level, completing the chart pattern.

The overall quality rating of this chart pattern is 8-bars. The maximum 10-bar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Rebounds In Early Asian Trade

Posted: 03 Oct 2011 06:03 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The euro moved higher against the U.S. dollar in Asian trade Tuesday, after EUR/USD hit an eight-month, intra-day low following Greece's announcement it would not be meeting its deficit target this year, renewing fears the country was facing imminent default.
EUR/USD hit 1.3206 in early Asian trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3199, rising 0.17%.
The pair was likely to find support at 1.3089, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up During The Asian Session

Posted: 03 Oct 2011 05:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Monday.
EUR/USD was trading at 1.3193, up 0.13% at time of writing.
The pair was likely to find support at 1.3164, today's low, and resistance at 1.3690, Wednesday's high.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8550 and EUR/JPY rising 0.10% to hit 101.05.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, October 4, 2011

Posted: 03 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, October 4, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9527
− 1.38
0.9693
0.9755

Bearish

EURUSD – Euro / US Dollar
1.3172
− 1.61
1.3432
1.3480

Bearish

GBPUSD – British Pound / US Dollar
1.5427
− 1.01
1.5567
1.5577

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0546
+ 0.48
1.0432
1.0380

Bullish

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

The Trend Trader For ETF Trading On Tuesday, October 4, 2011

Posted: 03 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, October 4, 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
110.34
+ 0.21
110.00
109.97

Bullish

BND – Vanguard Total Bond Market ETF
84.00
+ 0.31
83.67
83.72

Bullish

DBC – DB Commodity Index Tracking Fd
25.62
− 0.50
26.06
26.26

Bearish

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 4, 2011

Posted: 03 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, October 4, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.90
− 7.00
9.61
10.00

Bearish

AXP – American Express Company
43.48
− 3.16
45.37
46.14

Bearish

BA – Boeing Co
58.25
− 3.73
60.91
61.60

Bearish

BAC – Bank of America Corporation
5.53
− 9.64
6.08
6.36

Bearish

CAT – Caterpillar Inc
70.55
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, October 4, 2011

Posted: 03 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, October 4, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1086.25
− 3.53
1129.08
1145.83

Bearish

Dow Jones – Dec YMZ1
10529
− 2.88
10872
10938

Bearish

Nasdaq – Dec NQZ1
2065.25
− 3.24
2145.33
2180.67

Bearish

Russell – Dec TFZ1
603.90
− 5.86
640.39
657.23

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
145-09
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Down In Asian Trade

Posted: 03 Oct 2011 05:04 AM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.
NZD/USD was trading at 0.7522, down 0.09% at time of writing.
The pair was likely to find support at 0.7512, today's low, and resistance at 0.7901, Wednesday's high.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.03% to hit 1.2661 and EUR/NZD rising 0.18% to hit 1.7535.
Forexpros

About ForexMansion.com:

The Finance Mansion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 03 Oct 2011 03:34 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Following a sharp sell-off to 4984.43 early in the trading session, the FTSE 100 mounted a strong rally back to 5085.00 before breaking back into the close. From appearances, it looks as if the index is attempting to form a double-bottom, however, the failure to hold the low at 4984.43 will negate the chart pattern. In addition, the market has to rally through 5085.00 to confirm the double-bottom.

The weak close coupled with the sell-off in the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Gold

Posted: 03 Oct 2011 03:34 AM PDT

By ForexMansion.com
By Jonah S. Ford
The first trading day of October saw gains in the price of gold, as end of quarter selling pressure from last week appears to have left the market in a position for a short covering rally. Gold futures pushed off swing lows to move back above the $1,660 per ounce once again, and appear to be moving towards resistance provided by the Rising Channel seen here on the hourly chart.

The resistance at the top of the Rising Channel chart pattern currently rests at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 03 Oct 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on ISM Manufacturing Index.
USD/JPY was trading at 76.65, down 0.52% at time of writing.
The pair was likely to find support at 76.34, Wednesday's low, and resistance at 77.27, Monday's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down At The End Of U.S. Session

Posted: 03 Oct 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
EUR/USD was trading at 1.3178, down 1.56% at time of writing.
The pair was likely to find support at 1.3168, today's low, and resistance at 1.3690, Wednesday's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.36%

Posted: 03 Oct 2011 02:35 AM PDT

By ForexMansion.com
Forexpros – U.S. stocks were down after the closing bell on Monday.
At the close of U.S. trade, the Dow Jones Industrial Average fell 2.36%, the S&P 500 index shed 2.85%, while the Nasdaq 100 index declined 2.53%.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM manufacturing PMI to fall to 50.5 last month.
Meanwhile, across the Atlantic, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down Toward The End Of U.S. Session

Posted: 03 Oct 2011 02:35 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
EUR/USD was trading at 1.3185, down 1.52% at time of writing.
The pair was likely to find support at 1.3183, today's low, and resistance at 1.3690, Wednesday's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down During The U.S. Session

Posted: 03 Oct 2011 02:03 AM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
GBP/USD was trading at 1.5465, down 0.77% at time of writing.
The pair was likely to find support at 1.5444, today's low, and resistance at 1.5716, Thursday's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Down In U.S. Trade

Posted: 03 Oct 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
USD/CAD was trading at 1.0496, down 0.05% at time of writing.
The pair was likely to find support at 1.0205, Wednesday's low, and resistance at 1.0529, today's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CHF Up In U.S. Trading Hours

Posted: 03 Oct 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday after the release of U.S. data on ISM Manufacturing Index.
USD/CHF was trading at 0.9193, up 1.27% at time of writing.
The pair was likely to find support at 0.8919, Thursday's low, and resistance at 0.9200, today's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down In U.S. Trading Hours

Posted: 03 Oct 2011 01:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
EUR/USD was trading at 1.3221, down 1.25% at time of writing.
The pair was likely to find support at 1.3217, today's low, and resistance at 1.3690, Wednesday's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Down In U.S. Trade

Posted: 03 Oct 2011 12:32 AM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
AUD/USD was trading at 0.9588, down 0.77% at time of writing.
The pair was likely to find support at 0.9552, today's low, and resistance at 0.9955, Wednesday's high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Extreme Divergence Between Coal Rocks And Stocks Unwarranted

Posted: 02 Oct 2011 10:00 PM PDT

The Dow Jones Industrial Average experienced its worst quarter since the beginning of 2009. The S&P 500 Index fell 14 percent during the third quarter, with the materials sector as the worst performer, falling 25 percent. Many base metal commodities saw double digit declines, but not surprisingly, gold increased 8 percent over the quarter. It appears that fear of a "2008 repeat" drove investors from stocks despite positive long-term fundamentals.
Coal was relatively flat for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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