Thursday, October 13, 2011

DailyMarkets.com - Forex Trading: USDSGD Moves Lower

DailyMarkets.com - Forex Trading: USDSGD Moves Lower


Forex Trading: USDSGD Moves Lower

Posted: 13 Oct 2011 05:32 PM PDT

The USDSGD pair sold off following the better than expected 3rd quarter GDP out of Singapore. On the chart below we see the pair moving toward the bottom of the steep channel with the 100hr moving average acting as resistance on any appreciation of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Finds Another Support After Breaking Out Of A Wedge.

Posted: 13 Oct 2011 05:32 PM PDT

usd/hkd finds another support line after breaking out of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDSGD Below The 38.2% Level

Posted: 13 Oct 2011 05:32 PM PDT

The 38.2% retracement that held relatively well for a number of session closes has clearly been broken to the downside and we will now look for the 200 day moving average below the 1.25 handle or the 50% retracement to provide a bid, especially if the equity rally pulls back next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Ever Shrinking Wallet

Posted: 13 Oct 2011 05:22 PM PDT

In “This One Slide From Wal-Mart Basically Says It All…,” Business Insider highlights an interesting — and depressing — chart from the retailing giant’s investor day, which took place yesterday:

It seems that cash-strapped consumers are not only trading down to stores like Walmart. They are also trading down at stores like Walmart, choosing cheaper brands and smaller sizes.
Of course, the Wall Street crowd sees a silver lining in there somewhere. Otherwise, why else would they be so … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 13 Oct 2011 04:35 PM PDT

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

USD/JPY was trading at 76.90, up 0.001% at time of writing.

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

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.28% to hit 1.3738 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 13 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3740, down 0.27% at time of writing.

The pair was likely to find support at 1.3378, Monday's low, and resistance at 1.3834, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8728 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cadillac CUE Integrates Voice And Touch Into Driving Experience

Posted: 13 Oct 2011 03:58 PM PDT

10/13/11 Cadillac’s CUE infotainment system utilizes touchscreen and voice recognition technology. The CUE will be available on the automaker’s luxury XTS, ATS and SRX sedans in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Down In Asian Trade

Posted: 13 Oct 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7934, down 0.25% at time of writing.

The pair was likely to find support at 0.7678, Monday's low, and resistance at 0.7996, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.16% to hit 1.2833 and EUR/NZD rising 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Tech Is Clear Leader

Posted: 13 Oct 2011 03:32 PM PDT

Cusick’s Corner
Nice finish to the After Hours, S&Ps bouncing off their worst levels and Tech has been the clear leader. As a matter of fact, we have GOOG trading up after earnings $43. As I noted yesterday I would like to see a consolidation after the action that we have seen over the last few weeks. I will be watching closely how the bid reacts as we get closer to the short-term 20-Day Moving Average and mid-term 50-Day Moving Average and whether or not they support when tested. I am also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Triumph Of Dogma

Posted: 13 Oct 2011 03:27 PM PDT

Every other Wednesday evening for the past few years I've been offering commentary on a spritely show on public radio called "Marketplace." On alternative Wednesdays David Frum, a former speechwriter for George W. Bush, has been airing his views. 
This past Wednesday, Frum called it quits. He explained to the show's host, Kai Risdal, that he could no longer represent Republican views.  

I think that there's a kind of expectation that when you do it that you represent the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Retail Sales, Business Inventories, Import And Export Prices, University Of Michigan Consumer Sentiment, Earnings – Mattel; UK And China CPI

Posted: 13 Oct 2011 03:20 PM PDT

10/13/11 Friday will bring a slew of key US economic data releases and global inflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Trade Ideas For Friday, Oct 14th

Posted: 13 Oct 2011 03:12 PM PDT

( click to enlarge )

Royale Energy, Inc. (NASDAQ:ROYL) saw its shares surged almost 13% to $1.36 per share today  after announced a new natural gas discovery in the Sacramento Basin. The technical chart shows the stock has entered into bull market as the stock is now on top of 50 day and 200 day moving average. Other technical indicators, such as KD line and MACD indicate buy as %K line is on top over %D line and MACD turned up. Next resistance lies at $3.71.

 
 ( click to enlarge … [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: 13 Oct 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3782, down 0.09% at time of writing.

The pair was likely to find support at 1.3378, Monday's low, and resistance at 1.3834, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from … [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: 13 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 76.87, down 0.50% at time of writing.

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

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised … [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: 13 Oct 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3785, down 0.06% at time of writing.

The pair was likely to find support at 1.3378, Monday's low, and resistance at 1.3834, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Markets Mixed At Close; Dow Jones Down 0.35%

Posted: 13 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were mixed after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.35%, the S&P 500 index shed 0.30%, while the Nasdaq 100 index climbed 0.85%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from 401K.

Analysts had expected Initial Jobless Claims to rise to 406K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 13 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.5772, up 0.13% at time of writing.

The pair was likely to find support at 1.5528, Monday's low, and resistance at 1.5798, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


More On Warren Buffet’s Questionable Tax Analysis

Posted: 13 Oct 2011 12:49 PM PDT

In response to claims by David Clayton on the Vox Rationalis blog that I’m “thoughtless, dishonest and/or lazy” in my analysis of Warren Buffett’s tax claims, I provide the chart above displaying the average federal tax rates that various income groups paid for: a) individual federal income taxes and b) payroll taxes in 2007 (most recent year available from the Congressional Budget Office, retrieved from the Tax Policy Center). These data allow for the most accurate “apples-to-apples” analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Under Pressure

Posted: 13 Oct 2011 12:32 PM PDT

Cusick’s Corner
The market traded with a taste of disappointment this morning but has held critical support into the Midday, 50-Day SMA of 1189 on the S&Ps. This move, break, bump is what I expected, thought the market might challenge the July/Aug highs in one day. However, the environment appears to be now set to challenge the upside as the dust settles, after earnings and news from the EU shake out. Looking at correlations in the market we continue to see Oil, USO, and Equities, SPY, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 13 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CHF was trading at 0.8977, up 0.30% at time of writing.

The pair was likely to find support at 0.8919, Wednesday's low, and resistance at 0.9275, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Indices Update: AUS200

Posted: 13 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The Australia 200 (AUS200) index CFD overcame a gap lower-opening to close over the resistance line of a falling wedge chart pattern on the 30-minute chart. The chart pattern suggests the start of a possible rally into the Autochartist forecast zone at 4259.78 to 4302.16.

The overall quality rating is a solid 8-bars. The initial trend which measures the strength of the trend before the formation of the pattern is the maximum 10-bars. Based on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Friday, October 14, 2011

Posted: 13 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, October 14, 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
109.12
+ 0.06
109.10
109.60

Neutral

BND – Vanguard Total Bond Market ETF
83.00
+ 0.12
82.94
83.37

Neutral

DBC – DB Commodity Index Tracking Fd
27.25
+ 0.22
27.14
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 Forex Trading On Friday, October 14, 2011

Posted: 13 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, October 14, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0190
+ 0.33
1.0068
0.9677

Bullish

EURUSD – Euro / US Dollar
1.3777
− 0.06
1.3708
1.3349

Bullish

GBPUSD – British Pound / US Dollar
1.5764
+ 0.10
1.5680
1.5492

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0210
+ 0.34
1.0241
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 Friday, October 14, 2011

Posted: 13 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, October 14, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1198.00
− 0.02
1195.92
1129.83

Bullish

Dow Jones – Dec YMZ1
11392
− 0.18
11391
10854

Bullish

Nasdaq – Dec NQZ1
2326.00
+ 1.28
2303.08
2153.25

Bullish

Russell – Dec TFZ1
694.20
+ 0.13
690.44
642.67

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
139-17
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Friday, October 14, 2011

Posted: 13 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, October 14, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.10
+ 0.50
10.09
9.47

Bullish

AXP – American Express Company
46.33
− 1.49
46.25
43.40

Bullish

BA – Boeing Co
63.53
− 1.23
64.01
60.56

Neutral

BAC – Bank of America Corporation
6.22
− 5.47
6.38
5.79

Neutral

CAT – Caterpillar Inc
81.44
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Commodities Update: Wheat

Posted: 13 Oct 2011 02:32 AM PDT

By ForexMansion.com
By Jonah S. Ford
Wheat futures traded higher in Thursday's session after Wednesday's nearly limit down move triggered by a bearish USDA crop report. It appears the drop to the $6.00 per bushel level exhausted the selling pressure, setting up for a possible countertrend rally from the lows.

The price action over the week culminated in a Pennant chart pattern on the hourly time interval. Thursday's reversal sets the price at the top end of the pattern, just below the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Which Gold Miners Have Largest Upside?

Posted: 12 Oct 2011 10:00 PM PDT

Since hitting $1,900 an ounce through the beginning of October, gold has declined nearly 11 percent. Over the same timeframe, the NYSE Arca Gold Miners Index lost almost 13 percent. That's a closer performance correlation than the roughly 3-to-1 gold equities to bullion ratio we've historically seen and could mean the miners are finally closing the gap.
However, TD Securities Equity Research points out this interesting fact: Over a period of 18 months prior to hitting $1,900, gold rose 79 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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