Sunday, October 2, 2011

DailyMarkets.com - The Shale-Gas Boom Comes To The U.K. And How The Multiplier Impact Can Revive Manufacturing

DailyMarkets.com - The Shale-Gas Boom Comes To The U.K. And How The Multiplier Impact Can Revive Manufacturing


The Shale-Gas Boom Comes To The U.K. And How The Multiplier Impact Can Revive Manufacturing

Posted: 02 Oct 2011 07:17 AM PDT

THE ECONOMIST –”On September 21 Cuadrilla Resources, the first firm to drill for shale gas in Britain, estimated that 200 trillion cubic feet of gas lie in an area near the seaside town in northwest England—nearly 40 times previous projections of all of Britain's shale resources and, in theory, four times as much gas as is still recoverable from the North Sea. Cuadrilla hopes to drill 400 wells in Lancashire in the next decade.”

WALL STREET JOURNAL –  “With Cuadrilla’s announcement, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Weekly Outlook: October 3-7

Posted: 02 Oct 2011 07:03 AM PDT

Forexpros – The U.S. dollar ended the week sharply higher against its Canadian counterpart on Friday, as renewed worries over the euro zone debt crisis and the global outlook boosted demand for safer assets.

USD/CAD hit 1.0502 on Friday, the pair’s highest since September 8, 2010; the pair subsequently consolidated at 1.0500 by close of trade on Friday, climbing 2.12% over the week.

The pair is likely to find support at 1.0223, the low of September 23 and resistance at 1.0568, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PSEi: Still On A Red Alert

Posted: 02 Oct 2011 06:49 AM PDT

Things appear to be a little bit more gloomy for the Philippine Stock Exchange Index or the PSEi in the near term at least from a technical perspective.
As you can see from its daily chart above, the PSEi or the PCOMP has already broken down from a small head and shoulders pattern. Now after dropping to a low of 3,715.01 last September 26, 2011, the index managed to rally a bit. Still, the index could rally some more in the days or weeks to come until it sees some resistance at the pattern's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Weekly Outlook: October 3-7

Posted: 02 Oct 2011 06:16 AM PDT

Forexpros – The Australian dollar ended the week sharply lower against its U.S. counterpart on Friday, as ongoing concerns over European leaders’ ability to tackle the euro zone debt crisis weakened demand for riskier assets.

AUD/USD hit 0.9621 on Monday, the pair’s lowest since December 1; the pair subsequently consolidated at 0.9659 by close of trade on Friday, dropping 1.52% over the week.

The pair is likely to find support at 0.9535, the low of December 1 and resistance at 0.9954, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Weekly Outlook: October 3-7

Posted: 02 Oct 2011 05:33 AM PDT

Forexpros – The New Zealand dollar ended the week sharply lower against its U.S. counterpart on Friday, as renewed concerns over the sovereign debt crisis in the euro zone dampened demand for riskier assets.

NZD/USD hit 0.7606 on Friday, the pair’s lowest since April 1; the pair subsequently consolidated at 0.7611 by close of trade on Friday, tumbling 1.97% over the week.

The pair is likely to find support at 0.7492, the low of March 29 and resistance at 0.7806, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures – Weekly Review: September 26-30

Posted: 02 Oct 2011 05:19 AM PDT

Forexpros – Crude oil futures fell sharply on Friday, settling at the lowest price in more than a year as signs of slowing growth in the U.S., China and Germany added to mounting concerns over the outlook for the global economy.

On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD78.64 a barrel by close of trade on Friday, the lowest settlement price since September 29, 2010. The November contract declined 1.3% over the week.

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


Forex – USD/JPY Weekly Outlook: October 3-7

Posted: 02 Oct 2011 04:38 AM PDT

Forexpros – The U.S. dollar ended the week higher against the yen on Friday, as renewed concerns over the euro zone debt crisis and a grim global outlook bolstered demand for the greenback as a safe haven.

USD/JPY hit 77.19 on Friday, the pair’s highest since September 15; the pair subsequently consolidated at 77.03 by close of trade on Friday, gaining 0.73% over the week.

The pair is likely to find support at 76.10, the low of August 22 and resistance at 77.58, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures – Weekly Review: September 26-30

Posted: 02 Oct 2011 04:25 AM PDT

Forexpros – Gold futures edged higher on Friday, paring a weekly loss as mounting concerns over the outlook for global growth and lingering fears over the sovereign debt crisis in the euro zone boosted the appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery settled at USD1,625.55 a troy ounce by close of trade on Friday, slumping 1.87% over the week, the fourth consecutive weekly decline.

Gold futures lost nearly 11% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Weekly Outlook: October 3-7

Posted: 02 Oct 2011 04:12 AM PDT

Forexpros – The U.S. dollar strengthened against the Swiss franc last week, as concerns over the worsening debt crisis in the euro zone boosted demand for the greenback as a safe haven.

USD/CHF hit 0.8917 on Thursday, the pair's lowest since September 21; the pair subsequently consolidated at 0.9077 by close of trade on Friday, gaining 0.42% over the week.

The pair is likely to find support at 0.8917, Thursday's low and resistance at 0.9181, the high of September 22 and a five-month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AUD/USD Weekly Outlook: October 3-7

Posted: 01 Oct 2011 07:32 PM PDT

By ForexMansion.com
Forexpros – The Australian dollar ended the week sharply lower against its U.S. counterpart on Friday, as ongoing concerns over European leaders' ability to tackle the euro zone debt crisis weakened demand for riskier assets.
AUD/USD hit 0.9621 on Monday, the pair's lowest since December 1; the pair subsequently consolidated at 0.9659 by close of trade on Friday, dropping 1.52% over the week.
The pair is likely to find support at 0.9535, the low of December 1 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


September Closes Without Another Fall

Posted: 01 Oct 2011 07:12 PM PDT

By ForexMansion.com
Yesterday at the close of trading in New York, US stock markets rose, bouncing back from their earlier losses. Lower than expected unemployment claims in the US and the German parliament's approval to increase the European Financial Stability Fund helped to compensate for the drop in the middle of the week, which came at the expense of high-tech companies and the consumer sector. Greek bonds increased, and the Euro appreciated. The Standard & Poor's 500 Index went up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Weekly Outlook: October 3-7

Posted: 01 Oct 2011 07:02 PM PDT

By ForexMansion.com
Forexpros – The New Zealand dollar ended the week sharply lower against its U.S. counterpart on Friday, as renewed concerns over the sovereign debt crisis in the euro zone dampened demand for riskier assets.
NZD/USD hit 0.7606 on Friday, the pair's lowest since April 1; the pair subsequently consolidated at 0.7611 by close of trade on Friday, tumbling 1.97% over the week.
The pair is likely to find support at 0.7492, the low of March 29 and resistance at 0.7806, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures – Weekly Review: September 26-30

Posted: 01 Oct 2011 06:32 PM PDT

By ForexMansion.com
Forexpros – Crude oil futures fell sharply on Friday, settling at the lowest price in more than a year as signs of slowing growth in the U.S., China and Germany added to mounting concerns over the outlook for the global economy.
On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD78.64 a barrel by close of trade on Friday, the lowest settlement price since September 29, 2010. The November contract declined 1.3% over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Weekly Outlook: October 3-7

Posted: 01 Oct 2011 06:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar ended the week higher against the yen on Friday, as renewed concerns over the euro zone debt crisis and a grim global outlook bolstered demand for the greenback as a safe haven.
USD/JPY hit 77.19 on Friday, the pair's highest since September 15; the pair subsequently consolidated at 77.03 by close of trade on Friday, gaining 0.73% over the week.
The pair is likely to find support at 76.10, the low of August 22 and resistance at 77.58, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures – Weekly Review: September 26-30

Posted: 01 Oct 2011 05:32 PM PDT

By ForexMansion.com
Forexpros – Gold futures edged higher on Friday, paring a weekly loss as mounting concerns over the outlook for global growth and lingering fears over the sovereign debt crisis in the euro zone boosted the appeal of the precious metal.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery settled at USD1,625.55 a troy ounce by close of trade on Friday, slumping 1.87% over the week, the fourth consecutive weekly decline.
Gold futures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


USD/CHF Weekly Outlook: October 3-7

Posted: 01 Oct 2011 05:32 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar strengthened against the Swiss franc last week, as concerns over the worsening debt crisis in the euro zone boosted demand for the greenback as a safe haven.
USD/CHF hit 0.8917 on Thursday, the pair's lowest since September 21; the pair subsequently consolidated at 0.9077 by close of trade on Friday, gaining 0.42% over the week.
The pair is likely to find support at 0.8917, Thursday's low and resistance at 0.9181, the high of September 22 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Weekly Outlook: October 3-7

Posted: 01 Oct 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – The euro fell sharply against the U.S. dollar on Friday, as ongoing concerns over the debt crisis in the single currency bloc and an increasingly grim economic outlook saw the currency tumble more than 1.5%.
Preliminary data on Friday showed that the rate of inflation in the euro zone unexpectedly accelerated to 3% in September, up from 2.5% the previous month. The data dampened expectations that the European Central Bank would lower borrowing costs in an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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