Tuesday, October 11, 2011

DailyMarkets.com - Loonie Looking To Build On Momentum

DailyMarkets.com - Loonie Looking To Build On Momentum

Loonie Looking To Build On Momentum

Posted: 11 Oct 2011 07:44 AM PDT

Tuesday, October 11, 2011
The Canadian Dollar has caught a bid over the past week, largely due to external forces, namely stronger commodity prices. The loonie may be able to build off this momentum on its own merits, given the improved labor market and sound central bank action. Technically, the currency has reversed sharply, after running into a significant support level, but must meet resistance near 0.9750 with equal vigor. Some traders may wish to focus their attention on this resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Google Wallet: Pay With Your Credit Card Using Your Phone

Posted: 11 Oct 2011 07:35 AM PDT

Google Wallet, an Android app that was announced in May with which people can make purchases through their phone, is now available for all Sprint (NYSE:S) Nexus S 4G phones. To use this new Google (NASDAQ:GOOG) application, all you have to do is download the free Wallet app from Google, load your credit card information into the wallet, and you'll be able to make purchases directly through your phone. If you have a Sprint Nexus phone, this new Google app will be a great asset for you as you'll be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Company Goes Belly Up And Impact On My FICO Credit Score

Posted: 11 Oct 2011 07:11 AM PDT

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


U.S. IBD/TIPP Economic Optimism Index Inches Up In October

Posted: 11 Oct 2011 07:06 AM PDT

Forexpros – Consumer confidence in the U.S. edged higher in October, industry data showed on Tuesday.

In a report, Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index rose by 0.4 points to 40.3 in October, up from September's reading of 39.9.

Economists had expected the index to decline by 1.9 points to 38.0 in October.

A reading above 50.0 indicates optimism, while those below 50.0 point to pessimism.

In August, the index had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Higher Amid Slovak Vote Uncertainty

Posted: 11 Oct 2011 06:50 AM PDT

Forexpros – The U.S. dollar was stronger against its Canadian counterpart on Tuesday, as uncertainty over the outcome of a key Slovakian parliamentary vote on enlarging the powers of the euro zone's bailout fund supported safe haven demand.

USD/CAD hit 1.0339 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.0315, gaining 0.54%.

The pair was likely to find support at 1.0250, Monday's low and resistance at 1.0393, Monday's high.

Slovakia was to be the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Approaches The 38.2% Of The Last Trend Move Higher At 1.3568

Posted: 11 Oct 2011 06:40 AM PDT

The 38.2% of the move up from Friday's low comes in at the 1.3568 level.   The level should find some profit taking interest with a break lower targeting the next retracement area at the 1.3529 area.  The high from Thursday comes in at the 1.3523 level. This should also increase the importance of the level.
On the topside 1.3615 was a floor level from earlier in the trading day. It capped the last hour of trading – before the move down in the last few minutes of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Remains Lower On Slovak Vote Uncertainty

Posted: 11 Oct 2011 06:40 AM PDT

Forexpros – The euro remained lower against the yen on Tuesday, as uncertainty over the results of a key vote in Slovakia on the potential enhancement of the euro zone’s bailout fund weighed on risk appetite.

EUR/JPY hit 104.02 during European afternoon trade, the daily low; the pair subsequently consolidated at 104.30, shedding 0.27%.

The pair was likely to find support at 102.72, Monday’s low and resistance at 105.34, the high of September 21.

Slovakia was the last euro zone state to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Bounces Back As An Expanded EFSF Hinges On Slovak Vote

Posted: 11 Oct 2011 06:40 AM PDT

Fundamental Headlines
• Bond Yields Show 60% Odds of U.S. Recession – Bloomberg
• Europe Warned of Systemic Crisis over Debt – Reuters
• Greece Likely to Get Aid Tranche Early November: Troika – Reuters
• China Props Up Bank Shares – WSJ
• Slovakia Poised to Block Bailout's Expansion – WSJ
European Session Summary
With significant fundamental risk hanging over the markets, that head of steam we saw in a relatively illiquid North American session yesterday did not find … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Private Health Insurance Increases 400% In Sweden To Avoid Long Waiting Lines And Inconsistent Care

Posted: 11 Oct 2011 06:36 AM PDT

From The Local: Sweden’s News in English:

“While Sweden has long taken pride in its public healthcare system, lengthening queues and at times inconsistent care have prompted many Swedes to opt for private healthcare with many gaining the benefit through insurance policies offered by employers, currently responsible for 80% of healthcare insurance market.

The idea behind private health insurance is simple enough: those put off by the idea of heading to publicly funded clinics and hospitals can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Off 3-week High On Profit Taking, Easing Supply Fears

Posted: 11 Oct 2011 06:23 AM PDT

Forexpros – Sugar futures were down for the first time in three days on Tuesday, pulling back from the previous session's three-week high as some profit taking emerged following Monday's strong gains and as global supply fears eased.

On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2570 a pound during European afternoon trade, dropping 1.72%.

It earlier fell by as much as 2.1% to trade at a daily low of USD0.2559 a pound.

Sugar prices rallied nearly 3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Stay Down Ahead Of EFSF Vote; DAX Slides 0.85%

Posted: 11 Oct 2011 06:09 AM PDT

Forexpros – European stock markets remained lower on Tuesday, as investors awaited the results of a key vote by Slovakia on expanding the euro zone rescue fund.

During European afternoon trade, the EURO STOXX 50 fell 1.18%, France's CAC 40 dropped 1.23%, while Germany's DAX 30 slid 0.85%.

Slovakia is to be the last of the euro zone’s 17 members to vote on a deal to enhance the size and powers of the European Financial Stability Facility, but deep divisions within the government on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Stays Broadly Higher Ahead Of Key EFSF Vote

Posted: 11 Oct 2011 05:45 AM PDT

Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Tuesday, as uncertainty ahead of a vote by Slovakia on expanding the powers of the euro zone's bailout fund weighed on demand for riskier assets.

During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.38% to hit 1.3589.

Slovakia is to be the last of the euro zone’s 17 members to vote on a deal to enhance the size and powers of the European Financial Stability Fund … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Down As Slovak Vote Awaited; Dow Jones Slips 0.24%

Posted: 11 Oct 2011 05:26 AM PDT

Forexpros – U.S. stock futures pointed to a lower open on Tuesday, shadowing European stocks as investors awaited the outcome of a vote by Slovakia’s parliament on the enhancement of the euro zone bailout fund.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.38%, S&P 500 futures signaled a 0.55% decline, while the Nasdaq 100 futures indicated a 0.24% drop.

Slovakia is the last of the euro zone’s 17 members to vote on a deal to enhance the size and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canada Housing Starts Rise More-than-expected

Posted: 11 Oct 2011 05:22 AM PDT

Forexpros – Canadian housing starts rose more-than-expected in September, official data showed on Tuesday.

In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose to 206,000 units in September, above expectations for a gain of 187,000 units.

August's figure was revised up to 192,000 units from a previously reported 185,000.

Commenting on the report, deputy chief economist at CMHC's Market Analysis Centre Mathieu … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Remains Lower As Slovakia Vote Eyed

Posted: 11 Oct 2011 05:11 AM PDT

Forexpros – The pound remained lower against the U.S. dollar on Tuesday, as investors remained cautious ahead of a key vote by Slovakia on expanding the powers of the euro zone’s bailout fund, the European Financial Stability Facility.

GBP/USD hit 1.5612 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.5635, shedding 0.20%.

Cable was likely to find support at 1.5526, Monday's low and resistance at 1.5688, Monday's high and a seven-day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips Ahead Of Slovak Vote On Bailout Fund

Posted: 11 Oct 2011 04:37 AM PDT

Forexpros – The euro slipped against the U.S. dollar on Tuesday, giving up some of Monday's strong gains as investors awaited the outcome of a vote by Slovakia’s parliament to ratify an expansion of the euro zone’s rescue fund.

EUR/USD hit 1.3579 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.3605, shedding 0.26%.

The pair was likely to find support at 1.3377, Monday's low and resistance at 1.3797, the high of September 21.

Slovakia is to be the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Futures Dip On Speculation Of Increased U.S. Supplies

Posted: 11 Oct 2011 04:30 AM PDT

Forexpros – Corn futures declined on Tuesday, giving back some of the previous day's gains as investors readjusted positions ahead of Wednesday's closely-watched U.S. government report on global corn supplies.

On the Chicago Mercantile Exchange, corn futures for December delivery traded at USD6.0162 a bushel during European morning trade, shedding 0.46%.

It earlier fell by as much as 0.65% to trade at a daily low of USD5.9988 a bushel.

The U.S. Department of Agriculture was to release … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Erases Gains Ahead Of Slovak Vote On EFSF

Posted: 11 Oct 2011 04:01 AM PDT

Forexpros – The euro erased early gains against the pound on Tuesday, as investors remained wary ahead of a vote by Slovakia’s parliament to ratify an expansion of the euro zone’s rescue fund, the European Financial Stability Facility.

EUR/GBP pulled away from 0.8734, the pair's highest since September 28, to hit 0.8690 during European early afternoon trade, shedding 0.19%.

The pair was likely to find support at 0.8619, the low of October 6 and resistance at 0.8734, the day's high and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Down Sharply After 5-day Rally

Posted: 11 Oct 2011 03:30 AM PDT

Forexpros – Copper futures were down sharply on Tuesday, snapping a five-day rally as some profit taking emerged ahead of a vote by Slovakia on expanding the powers of the euro zone's bailout fund later in the day, while concerns over a slowdown in Chinese demand also weighed.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.283 a pound during European morning trade, tumbling 2.53%.

It earlier fell by as much as 2.8% to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Higher Ahead Of EFSF Vote

Posted: 11 Oct 2011 03:16 AM PDT

Forexpros – The U.S. dollar was higher against the Swiss franc on Tuesday, rebounding from a six-day low as risk aversion mounted ahead of a vote in Slovakia on the enhancement of the euro zone’s bailout fund.

USD/CHF hit 0.9101 during European morning trade, the daily high; the pair subsequently consolidated at 0.9105, rising 0.76%.

The pair was likely to find support at 0.8917, the low of September 29 and resistance at 0.9261, the high of October 4.

Investors remained cautious as Slovak … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks And Commodities Rising

Posted: 10 Oct 2011 07:32 PM PDT

By ForexMansion.com
Today, immediately after American and European stocks jumped up in response to a promise from the German and French leaders to resolve the debt crisis in Europe, Asian stock indexes also rose, pushing the regional MSCI Asia Pacific Index to a high for the fourth day in a row.
Shares of Rio Tinto Group, the second-largest mining company in the world by sales volume, rose 1.6% in Sydney, while shares of Korea Zinc rose 6.5% in trading in Seoul. Mitsubishi Corp, which receives … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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