DailyMarkets.com - Retail Sales Weigh On Sterling Even As Risk-Appetite Improves

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• Retail Sales Weigh On Sterling Even As Risk-Appetite Improves
• Forex – GBP/USD Down On Economic Data
• U.K. Retail Sales Rise More-than-expected
• Forex – EUR/USD Down During The European Session
• Brazil Central Bank Cuts Rate Another 50bps To 11.50%
• Bank Of Thailand Keeps Rate At 3.50%
• Forex Trading: EUR/$ Hourly Support @ 1.36844
• Norwegian Central Bank Holds Rate At 2.25%
• Forex – GBP/USD Down During The European Session
• Asian Markets Close Lower; Nikkei Down 1.03%
• Bear Of The Day: HDFC Bank, Ltd.
• Growth & Income Stock: South Jersey Industries, Inc.
• Momentum Stock: Susser Holdings Corp
• Bull Of The Day: Western Union (WU)
• Aggressive Growth Stock: Dycom Industries
• Forex – EUR/USD Down During The Asian Session
• Stan Weinstein On The ’87 Stock Market Crash
• Forex – GBP/USD Down In Asian Trade
• Forex – Dollar Rises In Mid-day Asian Trade
• Euro Up, Stocks Up, Euro Down, Stocks Down
• Forex – USD/JPY Inches Down In Mid-day Asian Trade
• Forex Trading: USDSGD Inside Channel
• Forex Trading: USDSGD Finding Support @ 50%
• Forex Trading: Usd/hkd Getting Close To The 23.6% Retracement Level
• Forex Trading: Usd/cnh Is In A Downward Channel
• Asian Stocks Decline In Early Trade; Nikkei Sheds 0.7%
• Forex Trading: Usd/sgd Trading Above Downward Channel
• Forex Trading: USDSGD Below Wedge
• Forex Trading: Usd/hkd Continues To Trade Sideways.
• Forex – AUD/USD Slips In Early Asian Trade
• Crude Oil Gains In Early Asian Trade
• Gold Higher In Early Asian Trade

Retail Sales Weigh On Sterling Even As Risk-Appetite Improves Posted: 20 Oct 2011 02:15 AM PDT Fundamental Headlines • Merkel Risks Own Downfall to Save Greece – Bloomberg • Wall Street Has Worst Quarter since Crisis – Bloomberg • BOJ Chief Sticks to Recovery View amid Euro Debt – Reuters • Greece Faces Austerity Vote, More Strikes – Reuters • Doubts Grow on Euro Fund – WSJ Asian Session Summary Risk was back off after trading in Asia on Thursday, as concerns that a fractured European leadership block could be a significant obstacle in the way of resolving the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down On Economic Data Posted: 20 Oct 2011 01:50 AM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.K. data on Retail Sales. GBP/USD was trading at 1.5719, down 0.35% at time of writing. The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5848, Wednesday's high. Earlier in the day, official data showed that retail sales in the U.K. rose more-than-expected to a seasonally adjusted 0.6% last month, from -0.2% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Retail Sales Rise More-than-expected Posted: 20 Oct 2011 01:40 AM PDT Forexpros – Retail sales in the U.K. rose more-than-expected last month, official data showed on Thursday. In a report, U.K. Office for National Statistics said that retail sales rose to 0.6%, from -0.2% in the preceding month . Analysts had expected retail sales to rise 0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The European Session Posted: 20 Oct 2011 12:55 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3720, down 0.29% at time of writing. The pair was likely to find support at 1.3653, Tuesday's low, and resistance at 1.3914, Monday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8724 and EUR/JPY falling 0.43% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brazil Central Bank Cuts Rate Another 50bps To 11.50% Posted: 20 Oct 2011 12:54 AM PDT The Banco Central Do Brasil dropped the Selic interest rate by another 50 basis points to 11.50% from 12.00% previously.  In its statement, Brazil’s Central Bank Monetary Policy Committee (Copom) said [translated]: “Continuing the process of adjusting monetary conditions, the Committee decided unanimously to reduce the Selic rate to 11.50% pa, without bias.  The Monetary Policy Committee believes that the timely mitigate the effects coming from a more restrictive global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Thailand Keeps Rate At 3.50% Posted: 20 Oct 2011 12:40 AM PDT The Bank of Thailand held its benchmark 1-day bond repurchase rate unchanged at 3.50%.  Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: “The MPC deemed that the current level of the policy rate is appropriate in addressing upcoming inflationary pressure  and supporting economic adjustments amidst heightened uncertainty in the global economy. Meanwhile, with the floods not yet over, their impact on the economy was not fully evident. The MPC … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/$ Hourly Support @ 1.36844 Posted: 20 Oct 2011 12:31 AM PDT The pair has been unable to make a pass through this level for past 48 hours. If support holds we look higher to 1.37357 at the target; a continuation lower could see us towards … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Norwegian Central Bank Holds Rate At 2.25% Posted: 20 Oct 2011 12:26 AM PDT Norway’s central bank, Norges Bank, held its key monetary policy rate steady at 2.25%, and signaled no changes.  The Bank’s Deputy Governor, Jan F. Qvigstad, said: “The Executive Board is of the view that the outlook and the balance of risks now suggest that the key policy rate should be kept at the current level for some time ahead. If the economic unrest abroad intensifies, money market premiums remain high and the outlook for growth and inflation weakens further, the key rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The European Session Posted: 20 Oct 2011 12:15 AM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5708, down 0.42% at time of writing. The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5848, Wednesday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8718 and GBP/JPY falling 0.52% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Markets Close Lower; Nikkei Down 1.03% Posted: 20 Oct 2011 12:10 AM PDT Forexpros – Asian stocks were down after the closing bell on Thursday. At the close of Asian trade, Japan's Nikkei 225 index fell 1.03%, Australia's S&P/ASX 200 index shed 1.63%, while Hong Kong's Hang Seng Index was trading 2.63% down. Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.21%, S&P 500 futures pointed to a decrease of 0.08% 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: HDFC Bank, Ltd. Posted: 19 Oct 2011 11:00 PM PDT HDFC Bank (NYSE:HDB), like most Indian banks, are expected to encounter higher cost of funds as they have to raise deposit rates to meet increasing loan demand. This will keep margins of some banks including HDFC Bank under pressure. But as lending rates are expected to climb faster in the upcoming quarters, demand for loans would decline. On a price-to-book basis, HDFC Bank is trading at 3.8x, a sizeable premium to the 1.1x for the industry average. The valuation on a price-to-book basis looks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: South Jersey Industries, Inc. Posted: 19 Oct 2011 11:00 PM PDT Utilities might not be the most exciting stocks out there, but in today’s uncertain market, their boredom is what makes them attractive. South Jersey Industries, Inc. (NYSE:SJI) is a great choice for investors looking for some stability. The company offers strong growth prospects and pays a dividend that yields 2.7%. Valuation is reasonable too with shares trading in-line with the industry average. It has also been seeing an increase in earnings estimates over the last several months. SJI is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Susser Holdings Corp Posted: 19 Oct 2011 11:00 PM PDT Susser Holdings Corp (SUSS) spiked into a new multi-year high in mid September in spite of the weak market. That movement is being fueled by a massive Q2 earnings beat and rising estimates, providing more support and momentum for this Zacks #1 Rank stock. Company Description Susser Holdings Corp, together with its subsidiaries operates convenience stores and distributes motor fuels in Texas, New Mexico, Oklahoma and Louisiana. The company has a market cap of $364 million. Susser’s recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Western Union (WU) Posted: 19 Oct 2011 11:00 PM PDT We are upgrading our recommendation on Western Union (NYSE:WU) to Outperform from Neutral before its third quarter earnings release, as we believe that the leading global money transfer company is set to benefit from a growing remittances market. The Zacks consensus estimates third quarter earnings at 39 cents per share, which translate into an expected earnings growth of 11.7% year over year. We believe Western Union’s strong branding, network expertise, diversified portfolio, financial strength … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Dycom Industries Posted: 19 Oct 2011 11:00 PM PDT Dycom Industries (NYSE:DY) analysts are expecting excellent growth over the next 2 years, in light of the last earnings report. While it has been a bumpy road, the earnings expectations haven’t been this high in years for this Zacks #1 Rank (Strong Buy). Company Description Dycom Industries offers specialty contracting services including engineering, construction, and maintenance for the telecom, electric, and gas utilities. Back-to-Back Surprises On Aug 23 Dycom reported its fourth-quarter and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 19 Oct 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3705, down 0.40% at time of writing. The pair was likely to find support at 1.3653, Tuesday's low, and resistance at 1.3914, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8720 and EUR/JPY falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stan Weinstein On The ’87 Stock Market Crash Posted: 19 Oct 2011 10:31 PM PDT October 19th was the 24th anniversary of the 1987 stock market crash, and interestingly enough the Nightly Business Report interviewed Stan Weinstein that day to get his thoughts on the crash.  This interview piqued my interest due to the fact that Stage Analysis is one of the methods I like to use to analyze the market.  The interview with Weinstein starts at about 4 minutes into the clip.  Below, I'd like to discuss some of the important statements he made in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 19 Oct 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5716, down 0.36% at time of writing. The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5848, Wednesday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8713 and GBP/JPY falling 0.50% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Rises In Mid-day Asian Trade Posted: 19 Oct 2011 08:16 PM PDT Forexpros – Forexpros – The U.S. dollar moved higher against its major counterparts in Asian trade Thursday, despite a negative session from Wall Street and a Federal Reserve report that suggested continued sluggish performance from the U.S. economy. In mid-day Asian trade, the greenback was up against the euro, with EUR/USD falling 0.23% to hit 1.3728. In its Beige Book survey released Wednesday, the Fed said, "Overall economic activity continued to expand in September, although many … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Up, Stocks Up, Euro Down, Stocks Down Posted: 19 Oct 2011 08:03 PM PDT It seams fundamentals in USA mean nothing any more, its all about the rumor mill out of Europe. The EURUSD or the FXE is leading the way. We had better check Euro cycles then, to see which trend to take a bite out of next! Maybe a push up to 1.40 on the FXE, this in line with the expect dubious push up in stocks on the SP500 to maybe 1250-1270. Of course this makes the cycle swing down on the FXE very interesting. Members: This cycle fits with our story described in this post Seven SP500 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Inches Down In Mid-day Asian Trade Posted: 19 Oct 2011 07:45 PM PDT Forexpros – Forexpros – The U.S. dollar moved fractionally lower against the Japanese yen in Asian trade Thursday, following losses on Wall Street and a less than rosy U.S. economic picture painted by the Federal Reserve. In mid-day Asian trade USD/JPY hit 76.77, the pair's lowest since Tuesday; the pair subsequently consolidated at 76.78, edging down 0.03%. The pair was likely to find support at 76.10, the low of September 22, and resistance at 77.49, last Thursday's high. In its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Inside Channel Posted: 19 Oct 2011 07:32 PM PDT The USDSGD pair has remained inside the channel below, with a negative moving average outlook with the 4-21hr moving below 4-200hr. There remains a sufficient amount of room before trendline support is reached, however a break above trendline resistance could bring the early October highs into play in short … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Finding Support @ 50% Posted: 19 Oct 2011 07:32 PM PDT The August to September move for the USDSGD pair has seemingly found a bid at the 50% retracement lower. This is surely a technical level for the pair as USD weakness and the short-term equity bid has moved the pair lower after a significant rebound following almost a 2yr decline. A clear break back above the 38.2% retracement could revive the bid in the pair, whereas a clear move below the 50% level brings the 200day moving average into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Getting Close To The 23.6% Retracement Level Posted: 19 Oct 2011 07:32 PM PDT usd/hkd might find some resistance at the 23.6% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Is In A Downward Channel Posted: 19 Oct 2011 07:32 PM PDT usd/cnh is in a downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Decline In Early Trade; Nikkei Sheds 0.7% Posted: 19 Oct 2011 07:12 PM PDT Forexpros – Forexpros – Asian stocks moved lower in Thursday trade, pulled down by the overnight downturn on Wall Street and ahead of a highly anticipated summit of European leaders aimed at tackling the region's debt threat. During early Asian trade, Hong Kong's Hang Seng Index declined 0.61% to 18,198.10, Japan's Nikkei Index fell 0.73% to 8,708.27, while Australia's S&P/ASX 200 retreated 1.62% to 4,145.50. The Topix Index of all shares listed on the first section of the Tokyo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Trading Above Downward Channel Posted: 19 Oct 2011 06:32 PM PDT usd/sgd trading above downward channel if it continues to stay about it we might see usd/sgd trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Below Wedge Posted: 19 Oct 2011 06:32 PM PDT The USDSGD pair broke below the very short-term wedge we discussed yesterday, as the USD sold off of against most Asian growth currencies with a story by UK Guardian in regards to a possible agreement between France and Germany to increase the EFSF, but the move was limited and has retraced some. If the USD can gain a bid back above what was trendline support, the line could guide the pair higher if a flight to quality and further devaluation of the Euro re-permeates the market. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Continues To Trade Sideways. Posted: 19 Oct 2011 06:32 PM PDT usd/hkd continues to trade sideways in this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Slips In Early Asian Trade Posted: 19 Oct 2011 06:32 PM PDT Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Thursday, following overnight Wall Street losses and a Federal Reserve report pointing to continued weak U.S. economic conditions. AUD/USD hit 1.0208 in early Asian trade, the pair's lowest since Wednesday; the pair subsequently consolidated at 1.0214, falling 0.11%. The pair was likely to find support at 0.9906, last Thursday's low, and short-term resistance at 1.0416, the high of September 12. In its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains In Early Asian Trade Posted: 19 Oct 2011 05:58 PM PDT Forexpros – Forexpros – Crude oil futures moved higher in Asian trade Thursday, following a sharper than expected drop in U.S. inventories and a guarded but optimistic tone from the Federal Reserve on the U.S. economy. On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD86.52 a barrel during early Asian trade, rising 0.25%, after hitting a daily low of USD86.15. On Wednesday, the U.S. Energy Information Administration reported that crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Higher In Early Asian Trade Posted: 19 Oct 2011 05:18 PM PDT Forexpros – Forexpros – Gold futures moved slightly higher in Asian trade Thursday, as investors await the outcome of the weekend summit of European finance officials, and the Federal Reserve reported modest growth for the U.S. economy. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,644.95 a troy ounce during early Asian trade, edging up 0.09%, after hitting a low of USDS1,638.35. In its Beige Book survey released Tuesday, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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