Friday, October 7, 2011

DailyMarkets.com - Forex – USD/JPY Down In European Trade

DailyMarkets.com - Forex – USD/JPY Down In European Trade

Forex – USD/JPY Down In European Trade

Posted: 07 Oct 2011 03:25 AM PDT

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

USD/JPY was trading at 76.69, down 0.04% at time of writing.

The pair was likely to find support at 76.52, Monday's low, and resistance at 77.21, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.07% to hit 1.3429 and GBP/USD rising 0.46% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In European Trading Hours

Posted: 07 Oct 2011 02:30 AM PDT

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

EUR/USD was trading at 1.3429, down 0.07% at time of writing.

The pair was likely to find support at 1.3147, Tuesday's low, and resistance at 1.3465, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.59% to hit 0.8649 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Reserve Bank Of Peru Keeps Rate At 4.25%

Posted: 07 Oct 2011 02:13 AM PDT

The Central Reserve Bank of Peru kept its monetary policy reference rate unchanged at 4.25%.  The Bank said: “This decision takes into account the slowdown observed in some components of expenditure and production, as well as the intensification of international financial risks. Should these trends continue, the Central Bank will change its monetary policy stance. ”

Peru’s central bank also held the interest rate at 4.25% at its September meeting, while the bank last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up On Economic Data

Posted: 07 Oct 2011 01:45 AM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on PPI Input.

GBP/USD was trading at 1.5520, up 0.49% at time of writing.

The pair was likely to find support at 1.5272, Thursday's low, and resistance at 1.5583, Monday's high.

Earlier in the day, official data showed that Producer price inflation input in the U.K. rose more-than-expected to a seasonally adjusted 1.7% last month from -1.9% in the preceding month.

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

U.K. PPI Input Rises More-than-expected

Posted: 07 Oct 2011 01:40 AM PDT

Forexpros – Producer price inflation input in the U.K. rose more-than-expected last month, official data showed on Friday.

In a report, National Statistics said that U.K. PPI input rose to a seasonally adjusted 1.7%, from -1.9% in the preceding month.

Analysts had expected U.K. PPI input to rise 1.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Friday 07 October

Posted: 07 Oct 2011 12:40 AM PDT

Market continued its rally after US market finished off well. We believe that 2600 shall be the support for now and will expect market to go sideways from here. Sentiment shall be shifted from bearish to neutral. Please stay sideline for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session

Posted: 07 Oct 2011 12:25 AM PDT

Forexpros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8669, down 0.36% at time of writing.

The pair was likely to find support at 0.8531, Monday's low, and resistance at 0.8734, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.16% to hit 1.3460 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Markets Close Higher; Nikkei Up 0.98%

Posted: 07 Oct 2011 12:10 AM PDT

Forexpros – Asian stocks were up after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index rose 0.98%, Australia's S&P/ASX 200 index gained 2.29%, while Hong Kong's Hang Seng Index was trading 2.55% up.

Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.16%, S&P 500 futures pointed to a decrease of 0.21% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Philips Electronics NV

Posted: 06 Oct 2011 11:05 PM PDT

We are downgrading our recommendation on Koninklijke Philips Electronics (NYSE:PHG) to Underperform with a $16 target price. The company had a weak second quarter with revenues declining 3.4% primarily due to lower license revenues and a decline at the Lifestyle Entertainment segment.
Furthermore, the company posted a net loss of $1.9 billion during the recently concluded quarter due to a goodwill impairment charge of $2.0 billion. The net cash flow also declined significantly compared to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Cardinal Health, Inc. (CAH)

Posted: 06 Oct 2011 11:05 PM PDT

We recently upgraded our rating on Cardinal Health, Inc. (NYSE:CAH) to Outperform. Earnings for the fourth quarter narrowly beat the Zacks Consensus Estimate. Cardinal’s size and diversity partly insulate it from economic cycles, and its generics business continues to grow at a healthy pace.
Moreover, Cardinal’s Pharmaceutical and Medical segments have revamped operations. The company continues to nurture its specialty platforms and engage in periodic tuck-in acquisitions. Although client and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Kona Grill, Inc.

Posted: 06 Oct 2011 11:05 PM PDT

 
KONA GRILL INC (KONA): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down On Economic Data

Posted: 06 Oct 2011 11:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday after the release of Swiss data on CPI.

USD/CHF was trading at 0.9201, down 0.05% at time of writing.

The pair was likely to find support at 0.9078, Monday's low, and resistance at 0.9316, Thursday's high.

Earlier in the day, official data showed that Consumer price inflation in Switzerland rose more-than-expected to a seasonally adjusted 0.3% last month from -0.3% in the preceding month.

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

Switzerland’s Unemployment Rate Remains Unchanged

Posted: 06 Oct 2011 10:55 PM PDT

Forexpros – The rate of unemployment in Switzerland remained unchanged last month, official data showed on Friday.

In a report, State Secretariat for Economic Affairs said that Switzerland's unemployment rate remained unchanged at a seasonally adjusted 3.0%, from 3.0% in the preceding month.

Analysts had expected Switzerland's unemployment rate to remain unchanged at 3.0% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 06 Oct 2011 10:20 PM PDT

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

EUR/USD was trading at 1.3427, down 0.08% at time of writing.

The pair was likely to find support at 1.3147, Tuesday's low, and resistance at 1.3451, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8689 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold And Silver Prices Set Sights On US Employment Data

Posted: 06 Oct 2011 09:46 PM PDT

Talking Points

Crude Oil to Follow S&P 500 as Spotlight Turns to US Jobs Report
Gold Looks to US Dollar as Transmission Mechanism for Risk Trends

WTI Crude Oil (NY Close): $82.59 // +2.91 // +3.65%
Crude oil continues to track broad-based risk sentiment trends, with prices still showing a strong correlation with the S&P 500. Needless to say, this puts the spotlight on the US Employment report due to cross the wires ahead of the opening bell on Wall Street. Expectations call for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BBC, Mad Max World Is On The Cards

Posted: 06 Oct 2011 09:39 PM PDT

This is the talk you hear when folks (mainly the lefty’s) want Germany to pay for every thing in Europe, and to give Ben Bernanke the green light for QE3000. But the real truth is that with the 600 trillion dollars of derivatives out there held by all the banks in the world this card is on the table. Shame on them!

What to investors do: Buy gold, US dollars, oil, food, guns and land, and protect your pretty wife, because Mad Max will be in town soon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Steve Jobs Vs. Ted Kennedy

Posted: 06 Oct 2011 09:00 PM PDT

From The Unbroken Window Blog:

“Now, here's how to get oneself banned from polite company – use the occasion of someone's death to score points.

But reflect for a moment on Steve Jobs. He took resources from no one. He coerced no one. He pandered to no one. He made hundreds of millions of people happy. He ended up being responsible for the creation of tens if not hundreds of thousands of jobs, and inspired countless others to mimic him, or to beat him, or to otherwise complement his … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed In Mid-day Asian Trade

Posted: 06 Oct 2011 08:12 PM PDT

Forexpros –
Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Friday, as better than expected U.S. labor data and vows to boost liquidity levels in European financial institutions tussled for influence on the greenback.

In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD losing 0.10% to hit 1.3424.

European Central Bank President Jean-Claude Trichet said Thursday the ECB would begin a two-fold program to ease concerns in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philex Mining Corporation (PX): There’s Life In Mining

Posted: 06 Oct 2011 07:54 PM PDT

Manny Pangilinan-chaired Philex Mining Corporation or PX in the Philippine Stock Exchange had made a nose dive after hitting alightly past Php 28.00. The question now is, will PX be able to reverse its recent demise?
Basaed on its weekly chart, PX could find some life soon. As you can see, its former high at around Php 20.00 has halted its decline. Its long term support has likewise carried it afloat. Moreover, the presence of a bullish hammer candlestick plus an inside bar which happens to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Fractionally In Mid-day Asian Trade

Posted: 06 Oct 2011 07:42 PM PDT

Forexpros –

Forexpros – The U.S. dollar eased lower against the Japanese yen in Asian trade Friday, as announced moves by European finance officials to address the region's debt crisis, cooled enthusiasm for the safe-haven greenback.

In mid-day Asian trade USD/JPY hit 76.67, the pair's lowest since Thursday; the pair subsequently consolidated at 76.69, slipping 0.05%.

The pair was likely to find support at 76.10, the low of September 22, and resistance at 77.27, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Tested 50% Retracement Level Weekly Chart

Posted: 06 Oct 2011 07:35 PM PDT

usd/cnh tested 50% retracement level and pull off that level. This might be a signal that the usd/cnh might have some more room on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usdsgd Might Find Support At 23.6% Retracement Level

Posted: 06 Oct 2011 07:35 PM PDT

usdsgd might find support at 23.6% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usdcnh 4hr Chart Double Top.

Posted: 06 Oct 2011 07:35 PM PDT

usdcnh 4 hour chart showing a double top giving a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Gain In Early Trade; Nikkei Up 1.1%

Posted: 06 Oct 2011 07:11 PM PDT

Forexpros –
Forexpros – Asian stocks moved higher in Friday trade, lifted by the overnight rise on Wall Street and prospects for progress on addressing Europe's sovereign debt crisis.

During early Asian trade, Hong Kong's Hang Seng Index rose 2.15% to 17,540.70, Japan's Nikkei Index added 1.1% to 8,607.86, while Australia's S&P/ASX 200 climbed 2.06% to 4,154.10.
The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, gained 1.04% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Lifted In Early Asian Trade

Posted: 06 Oct 2011 06:31 PM PDT

Forexpros –
Forexpros – The Australian dollar moved higher against the U.S. dollar Friday, following announcements from European finance officials of moves aimed at bolstering liquidity in euro-zone financial institutions.

AUD/USD hit 0.9764 in early Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 0.9762, rising 0.17%.

The pair was likely to find support at 0.9487, Wednesday's low, and resistance at 0.9878, last Thursday's high.

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

Snapback Rally In Metals And Miners?

Posted: 06 Oct 2011 06:17 PM PDT

Right now treasuries and the U.S. dollar are viewed as refuges of safety, while gold, silver and miners are sold off. The perceptive investor notes that these U.S. debt instruments are forming a parabolic move as the herd tilts the see-saw in an unsustainable direction.

Again it is Mackay's "Madness of Crowds" repeated over and over again. The panic is reaching such irrational heights that the masses are willing to give their hard earned cash to the Federal Government at negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Retreats In Early Asian Trade

Posted: 06 Oct 2011 05:51 PM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Friday, following the European Central Bank's decision to help ailing financial institutions in the euro-zone to ease market concerns over ongoing regional debt threats.

On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD82.30 a barrel during early Asian trade, falling 0.31%, after hitting a daily high of USD82.62.

European Central Bank President Jean-Claude Trichet said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reality…or Not

Posted: 06 Oct 2011 05:48 PM PDT

Here’s one version of today’s economic reality:
“CEOs Say U.S. Unlikely to Slip Back Into Recession” (Reuters)
Corporate America’s chiefs do not expect the nation to slip back into recession, but say political gridlock in the United States and Europe could make for a long, slow recovery.
Top chief executives including General Electric Co’s Jeff Immelt and ExxonMobil Corp’s Rex Tillerson said on Thursday that the U.S. economy could remain sluggish but will likely avoid an outright double-dip … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Benjamin Graham’s Valuation Formula For Growth Stocks

Posted: 06 Oct 2011 09:57 AM PDT

Those of you grappling with perhaps the most difficult investing challenge of all, valuation, might be interested to know of a simple formula Benjamin Graham articulated in quot;The Intelligent Investorquot; for the valuation of growth stocks. In his words: "Our study of the various methods has led us to suggest a foreshortened and quite simple formula for the evaluation of growth stocks, which is intended to produce figures fairly close to those resulting from the more refined mathematical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US2000

Posted: 06 Oct 2011 06:32 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Following a prolonged move in terms of price and time, the US2000 finally broke out to the upside of a channel down chart pattern on the 240-minute chart. The first move up from the support line was triggered by short-covering which came about after the index CFD posted a closing price reversal bottom. After trading sideways and consolidating close to the mid-point of the distance between the highest high and the lowest low of this chart pattern, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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