DailyMarkets.com - Copper Tumbles To 4-week Low After Poor German Bund Auction

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• Copper Tumbles To 4-week Low After Poor German Bund Auction
• Forex Trading: USD/JPY Trading Around 200 Hour Moving Average
• Forex – EUR/GBP Lower After E.Z. Industrial Orders Data
• Euro Zone Industrial New Orders Tumble In September
• Forex – Euro Broadly Lower On PMI Data, France Concerns
• SP500 Short Term Cycle Review – UPDATED
• U.K. BBA Mortgage Approvals Rise Unexpectedly
• Forex Trading: EUR/USD Testing Hourly Trend Line Support
• Crude Oil Futures Add To Losses After Dismal Euro Zone PMI Data
• Forex – GBP/USD Slumps To Six-week Low On Risk Aversion
• The Day Is Coming For Nuclear And Rare Earth Stocks
• Euro Zone Manufacturing PMI At Lowest Since July 2009
• European Stocks Mixed After French/German Data; DAX Up 0.04%
• Gold Futures Edge Higher On Renewed Safe Haven Bids
• German Manufacturing PMI Drops To 28-month Low
• Forex – USD/JPY Almost Unchanged In Holiday Thinned Trade
• NZD/USD Hits 8-month Low As Risk Aversion Escalates
• AUD/USD Tumbles To 6-week Low In Risk-off Trade
• Asia Stocks Tumble On Global Growth Fears; Nikkei Closed
• Forex- EUR/USD Slips On France Fears, China PMI
• Bear Of The Day: McDermott International (MDR)
• Growth & Income Stock: Coach, Inc.
• Momentum Stock: Sally Beauty Holdings, Inc.
• Bull Of The Day: Aetna, Inc. (AET)
• Aggressive Growth Stock: Brunswick Corp
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – USD/CHF Up During Asian Trade
• Forex – USD/JPY Up During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During Asian Trade
• Forex – GBP/JPY Down During The Asian Session
• Forex – AUD/USD Up On Economic Data
• Daily FTSE Technical Update

Copper Tumbles To 4-week Low After Poor German Bund Auction Posted: 23 Nov 2011 02:46 AM PST Forexpros – Copper futures extended sharp losses on Wednesday, tumbling to a one-month low after poor demand at an auction of 10-year German government bonds exacerbated fears over the debt crisis in the euro zone. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.261 a pound during European morning trade, tumbling 2.15%. It earlier fell by as much as 2.45% to trade at USD3.252 a pound, the lowest since October 24. Concerns over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/JPY Trading Around 200 Hour Moving Average Posted: 23 Nov 2011 02:36 AM PST USD/JPY has been consolidating between 76.94 and 77.03 so far today; currently testing the topside of the range which comes in at the 38.2% line on the move from the low November 18th to the high on the 22nd. The pair is also receiving upward trend line support also coming in at the bottom of the range; 76.94. 77.136 appears to be the bullish target with the lower target/ support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Lower After E.Z. Industrial Orders Data Posted: 23 Nov 2011 02:23 AM PST Forexpros – The euro fell to a two-day low against the pound on Wednesday, as downbeat euro zone industrial orders and manufacturing data added to concerns over the region's grim economic outlook. EUR/GBP hit 0.8604 during European morning trade, the pair's lowest since November 21; the pair subsequently consolidated at 0.8610, declining 0.31%. The pair was likely to find support at 0.8571, the low of November 4 and resistance at 0.8664, Tuesday's high. Official data showed that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Industrial New Orders Tumble In September Posted: 23 Nov 2011 02:08 AM PST Forexpros – Industrial new orders in the euro zone tumbled in September, underlining fears that the region is slipping into a recession, official data showed on Wednesday. In a report, Eurostat said that industrial new orders plunged by a seasonally adjusted 6.4% in September, outstripping expectations for a 2.7% drop. Industrial new orders for August were revised down to a 1.4% gain, from a previously reported 1.9% increase. The report showed that the annualized rate of industrial new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Broadly Lower On PMI Data, France Concerns Posted: 23 Nov 2011 01:59 AM PST Forexpros – The euro was lower against most of its major counterparts on Wednesday, following data showing that manufacturing activity in the euro zone fell to its lowest level since July 2009 while concerns over France's triple A credit rating also weighed. During European morning trade, the euro was down against the U.S. dollar, with EUR/USD shedding 0.39% to hit 1.3451. Preliminary data released earlier showed that the euro zone's manufacturing purchasing managers' index slumped to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SP500 Short Term Cycle Review – UPDATED Posted: 23 Nov 2011 01:44 AM PST Unless the market changes its mind(da), so far the mid November sell off is benign, VIX doesn’t care, ADVDEC is within testing bounds on the keltner channel (members know what I mean), metals are bouncing and volumes are light(see post on MSFT). Expect a risk on rally soon so say short term cycles. We use our custom RTTHurstDPO to time price with the dominant cycle. The 36 and 10 period cycle are still statistically significant, and therefore deserve your respect. It is a very strange … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. BBA Mortgage Approvals Rise Unexpectedly Posted: 23 Nov 2011 01:37 AM PST Forexpros – Mortgage approvals in the U.K. rose unexpectedly in October, industry data showed on Wednesday. In a report, the British Banker’s Association said that the number of new mortgages approved in October rose to 35.3K from 33.5K in September, whose figure was revised up from 33.1K. Analysts had expected mortgage approvals to decline to 32.3K in October. Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.33% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Testing Hourly Trend Line Support Posted: 23 Nov 2011 01:35 AM PST It had been a pretty quiet night prior to the worse than expected Eurozone PMI readings a few minutes ago. The euro has been trading lower since the start of the new trading day, and had recently been trading between 1.3450 and 1.3470 until the pair made a new session low of 1.3435; testing trend line support which began developing last Wednesday. If support holds, the 61.8% line is the target. Continued selling should bring us to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Add To Losses After Dismal Euro Zone PMI Data Posted: 23 Nov 2011 01:30 AM PST Forexpros – Crude oil futures added to losses on Wednesday, falling to a two-day low following the release of weaker-than-expected euro zone manufacturing data, which exacerbated concerns over an already bleak global outlook. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD96.91 a barrel during European morning trade, tumbling 1.12%. It earlier fell by as much as 1.57% to trade at a two-day low of USD96.41 a barrel. Crude prices extended … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Slumps To Six-week Low On Risk Aversion Posted: 23 Nov 2011 01:17 AM PST Forexpros – The pound slumped to a six-week low against the U.S. dollar on Wednesday, as the outlook for riskier assets was clouded by ongoing concerns over the euro zone and after disappointing Chinese manufacturing data. GBP/USD hit 1.5558 during European morning trade, the pair's lowest since October 12; the pair subsequently consolidated at 1.5567, shedding 0.41%. Cable was likely to find support at 1.5421, the low of October 7 and resistance at 1.5691, Tuesday's high. Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Day Is Coming For Nuclear And Rare Earth Stocks Posted: 23 Nov 2011 01:09 AM PST Our carefully researched select rare earth and uranium stocks are actually becoming more attractive to hostile takeovers from foreign entities who recognize the true value of our national resource assets. Realize that the Russians and Chinese have donned their cowboy hats and own large chunks of uranium in Wyoming and Molybdenum in Nevada. Do not be surprised that at this moment of transient disappointment, we may be on the verge of mergers, acquisitions and hostile takeovers. These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Manufacturing PMI At Lowest Since July 2009 Posted: 23 Nov 2011 01:07 AM PST Forexpros – Manufacturing activity in the euro zone fell more-than-expected in November, falling to a 28-month low, preliminary data showed on Wednesday. In a report, market research group Markit said that its preliminary manufacturing purchasing managers' index fell by 0.7 points to a seasonally adjusted 46.4 in November, down from 47.1 in October. Analysts had expected the index to decline by 0.5 points to 46.6 in November. On the index, a reading above 50.0 indicates industry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed After French/German Data; DAX Up 0.04% Posted: 23 Nov 2011 12:48 AM PST Forexpros – European stock markets were mixed on Wednesday, as market sentiment was hit after downbeat French and German manufacturing data and amid concerns that France may lose its Triple A credit rating. During European morning trade, the EURO STOXX 50 eased down 0.01%, France's CAC 40 rose 0.11%, while Germany's DAX 30 inched up 0.04%. Preliminary data showed earlier that French and German manufacturing activity fell to a 28-month low in November. In a report, Markit said that its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Higher On Renewed Safe Haven Bids Posted: 23 Nov 2011 12:40 AM PST Forexpros – Gold futures advanced for a second day on Wednesday, as the precious metal regained some of its safe haven appeal amid mounting fears over the global economic outlook. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,706.85 a troy ounce during early European morning trade, gaining 0.38%. It earlier rose by as much as 0.61% to trade at a two-day high of USD1,710.75 a troy ounce. Gold is often considered a safe haven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Manufacturing PMI Drops To 28-month Low Posted: 23 Nov 2011 12:38 AM PST Forexpros – Manufacturing activity in Germany fell more-than-expected in November, dropping to a 28-month low, preliminary data showed on Wednesday. In a report, market research group Markit said that its preliminary German manufacturing purchasing managers' index fell by 1.2 points to a seasonally adjusted 47.9 in November, down from 49.1 in October. Analysts had expected the index to decline by 0.7 points to 48.4 in November. A reading above 50.0 on the index indicates industry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Almost Unchanged In Holiday Thinned Trade Posted: 23 Nov 2011 12:25 AM PST Forexpros – The U.S. dollar was almost unchanged against the yen on Wednesday, as trade remained thin with markets in Japan closed for a holiday, but safe haven demand remained supported amid concerns over the euro zone and after disappointing Chinese manufacturing data. USD/JPY hit 77.07 during late Asian trade, the daily high; the pair subsequently consolidated at 77.00, inching up 0.04%. The pair was likely to find support at 76.75, the low of November 21 and resistance at 77.26, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Hits 8-month Low As Risk Aversion Escalates Posted: 23 Nov 2011 12:11 AM PST Forexpros – The New Zealand dollar edged lower against its U.S. counterpart on Wednesday, hitting an eight-month low as risk sentiment was hit amid fears that France may lose its triple A credit rating and after disappointing China manufacturing data. NZD/USD hit 0.7420 during late Asian trade, the pair's lowest since March 24; the pair subsequently consolidated at 0.7452, shedding 0.28%. The pair was likely to find support at 0.7292, the low of March 21 and resistance at 0.7575, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Tumbles To 6-week Low In Risk-off Trade Posted: 22 Nov 2011 11:57 PM PST Forexpros – The Australian dollar fell against its U.S. counterpart on Wednesday, tumbling to a six-week low as market sentiment weakened amid concerns that France's triple A credit rating may be in danger and after downbeat Chinese manufacturing data. AUD/USD hit 0.9756 during late Asian trade, the pair's lowest since October 10; the pair subsequently consolidated at 0.9754, dropping 0.81%. The pair was likely to find support at 0.9621, the low of October 6 and resistance at 0.9898, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Tumble On Global Growth Fears; Nikkei Closed Posted: 22 Nov 2011 11:44 PM PST Forexpros – Asian stock markets tumbled on Wednesday, after data showed that manufacturing activity in China fell to a 32-month low in November, exacerbating concerns over an already bleak global outlook. During late Asian trade, Hong Kong’s Hang Seng Index dropped 1.95%, Australia's ASX/200 Index retreated 2%, while Japan's Nikkei 225 Index was closed for a public holiday. A preliminary reading of the HSBC China purchasing managers’ index fell to a contractionary reading of 48.0 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex- EUR/USD Slips On France Fears, China PMI Posted: 22 Nov 2011 11:31 PM PST Forexpros – The euro weakened against the U.S. dollar on Wednesday, amid fears that France’s triple A credit rating might be in danger and after disappointing China manufacturing data underlined fears over a global economic slowdown. EUR/USD hit 1.3446 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.3465, shedding 0.28%. The pair was likely to find support at 1.3421, the low of November 17 and a six-week low and resistance at 1.3568, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: McDermott International (MDR) Posted: 22 Nov 2011 11:00 PM PST Following a third quarter earnings miss and disappointing outlook for 2012, we are maintaining our Underperform recommendation for McDermott International (NYSE:MDR) shares. The company recently reported lower-than-expected EPS for the September quarter, adversely affected by higher costs and weak activity in the Middle East. McDermott has already warned that its margins will suffer next year due to lower marine activity and fabrication work. Near-term bookings remain lumpy at McDermott, as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Coach, Inc. Posted: 22 Nov 2011 11:00 PM PST Coach, Inc. (NYSE:COH) continues to post impressive results as it grows not only in China but in North America too. The company recently reported its 9th consecutive positive earnings surprise driven by a 15% increase in sales. Analysts raised their estimates for both 2012 and 2013 off the strong quarter, sending the stock to a Zacks #2 Rank (Buy). Coach also pays a dividend that yields a solid 1.5%, which it has been aggressively raising over the last two years. Valuation is reasonable too, with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Sally Beauty Holdings, Inc. Posted: 22 Nov 2011 11:00 PM PST Sally Beauty Holdings, Inc. (SBH) just spiked into a new all-time high after reporting another strong quarter that came in ahead of expectations. Estimates have since jumped higher, providing more momentum for this Zacks #1 Rank stock. Company Description Sally Beauty Holdings, Inc., with its subsidiaries, engages in the distribution and retail of professional beauty supplies. The company was founded in 1964 and has a market cap of $3.5 billion. Sally Beauty has seen big gains in 2011, recently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Aetna, Inc. (AET) Posted: 22 Nov 2011 11:00 PM PST Aetna Inc.’s (NYSE:AET) third quarter 2011 results exceeded the Zacks Consensus Estimate. Declining utilization, strong performance across all the product lines, disciplined pricing and medical cost trends powered the earnings upside. Aetna is making very good progress in its Medicare business. The lifting of the CMS sanctions in June and the acquisition of Genworth’s Medicare Supplement business will advance its Medicare platform. Aetna is also aggressively looking to generate incremental fee … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Brunswick Corp Posted: 22 Nov 2011 11:00 PM PST Brunswick Corp (NYSE:BC) operates in markets that are highly sensitive to the economy, so this is a pretty aggressive play. But, with earnings momentum this Zacks #1 Rank (Strong Buy) could turn around sharply if economic worries start to fade. Company Description Brunswick Corp is best known for making bowling and billiard equipment under the Brunswick name, but the company also makes marine engines and accessories under the Mercury, Mariner, and other brands as well as fitness equipment. Well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 22 Nov 2011 10:45 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3465, down 0.30% at time of writing. The pair was likely to find support at 1.3431, Monday's low, and resistance at 1.3614, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8618 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 22 Nov 2011 10:10 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5613, down 0.13% at time of writing. The pair was likely to find support at 1.5583, Tuesday's low, and resistance at 1.5888, Friday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8621 and GBP/JPY falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During Asian Trade Posted: 22 Nov 2011 09:35 PM PST Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday. USD/CHF was trading at 0.9152, up 0.10% at time of writing. The pair was likely to find support at 0.9086, Friday's low, and resistance at 0.9224, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.34% to hit 1.3459 and USD/JPY rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 22 Nov 2011 09:35 PM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 77.03, up 0.07% at time of writing. The pair was likely to find support at 76.58, Friday's low, and resistance at 77.32, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.34% to hit 1.3459 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The Asian Session Posted: 22 Nov 2011 09:00 PM PST Forexpros – The Euro was lower against the British Pound on Wednesday. EUR/GBP was trading at 0.8622, down 0.19% at time of writing. The pair was likely to find support at 0.8519, Friday's low, and resistance at 0.8665, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.32% to hit 1.3462 and EUR/JPY falling 0.24% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 22 Nov 2011 08:10 PM PST Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0414, up 0.30% at time of writing. The pair was likely to find support at 1.0200, Friday's low, and resistance at 1.0426, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.25% to hit 1.3471 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down During Asian Trade Posted: 22 Nov 2011 07:30 PM PST Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9784, down 0.53% at time of writing. The pair was likely to find support at 0.9756, today's low, and resistance at 1.0107, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.29% to hit 1.3771 and AUD/JPY falling 0.48% 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: 22 Nov 2011 07:05 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3470, down 0.26% at time of writing. The pair was likely to find support at 1.3431, Monday's low, and resistance at 1.3614, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8624 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 22 Nov 2011 06:35 PM PST Forexpros – The Euro was lower against the Japanese Yen on Wednesday. EUR/JPY was trading at 103.66, down 0.28% at time of writing. The pair was likely to find support at 103.23, Monday's low, and resistance at 104.36, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.34% to hit 1.3459 and EUR/GBP falling 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down During The Asian Session Posted: 22 Nov 2011 05:45 PM PST Forexpros – The British Pound was lower against the Japanese Yen on Wednesday. GBP/JPY was trading at 120.23, down 0.09% at time of writing. The pair was likely to find support at 120.05, Monday's low, and resistance at 121.76, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.11% to hit 1.5616 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up On Economic Data Posted: 22 Nov 2011 05:10 PM PST Forexpros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of Australian data on Construction Work Done. AUD/USD was trading at 0.9839, up 0.03% at time of writing. The pair was likely to find support at 0.9809, Monday's low, and resistance at 1.0107, Friday's high. Earlier in the day, official data showed that The value of Australian construction work done rose more-than-expected to a seasonally adjusted 12.5% in the last quarter from -0.1% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 22 Nov 2011 05:33 AM PST By ForexMansion.com by, James A. Hyerczyk The liquidation continued in the FTSE on Tuesday, but volume was limited as traders seem to have entered a pre-holiday mode. At times it looked as if the short traders were getting ready to lift their positions and call it a week. There also seemed to be a constant bid in the market which prevented a sell-off from occurring like it did on Monday. This type of trading action allowed the short-traders to exit in an orderly fashion, setting up a possible … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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