DailyMarkets.com - Forex – EUR/GBP Hits 5-week Low As Italian Borrowing Costs Soar

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• Forex – EUR/GBP Hits 5-week Low As Italian Borrowing Costs Soar
• Forex – Dollar Broadly Higher Vs. Rivals Amid Italy Debt Fears
• Finding It Hard To Select Stocks To Trade, Heres How
• U.K. Goods Trade Deficit Widens Unexpectedly
• European Stocks Tumble As Focus Remains On Italy; DAX Down 1.03%
• Forex Trading: EUR/USD Support From 100 Hr Moving Average
• Crude Oil Slips Amid Italy Debt Woes, Iran Fears Supports
• Forex – GBP/USD Slides As Italy Fears Dent Risk Appetite
• Gold Futures Edge Lower As Markets Focus On Italy
• Forex – USD/JPY Falls To 7-day Low As Risk Sentiment Wanes
• Forex – NZD/USD Slips Amid Italy/Greece Turmoil
• Forex – AUD/USD Dips Amid Ongoing E.Z. Uncertainty
• Asia Stocks Rise After China CPI, Italy In Focus; Nikkei Up 1.1%
• Australian Home Loan Rise More-than-expected In September
• Forex – EUR/USD Slides As Italy Debt Uncertainty Weighs
• China CPI Eases To 5-month Low In October
• Bear Of The Day: Avon Products, Inc. (AVP)
• Growth & Income Stock: Seagate Technology Plc
• Momentum Stock: Spectrum Pharmaceuticals, Inc.
• Aggressive Growth Stock: ExlService Holdings
• Bull Of The Day: The Washington Post Co. (WPO)
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – Dollar Mixed In Mid-day Asian Trade
• Forex – USD/JPY Loses Ground In Mid-day Asian Trade
• Forex Trading: USDSGD Trades Off 50% Again
• Asian Stocks Climb In Early Trade; Nikkei Adds 1%
• Jack Abramoff’s Corruption And Bribery In Washington
• Forex – AUD/USD Slips In Early Asian Trade
• Day Trading To Pay Off Debts – Strategies To Be Followed By Beginners
• Daily FTSE Technical Update

Forex – EUR/GBP Hits 5-week Low As Italian Borrowing Costs Soar Posted: 09 Nov 2011 02:38 AM PST Forexpros – The euro extended losses against the pound on Wednesday, falling to a five-week low as Italian borrowing costs surged to the 7% threshold that precipitated bailouts in Greece, Ireland and Portugal. EUR/GBP hit 0.8542 during European morning trade, the pair's lowest since October 4; the pair subsequently consolidated at 0.8548, shedding 0.56%. The pair was likely to find short-term support at 0.8528, the low of September 12 and a six-month low and resistance at 0.8598, the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals Amid Italy Debt Fears Posted: 09 Nov 2011 01:54 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as ongoing concerns over political instability in Italy and Greece fuelled concerns over the debt crisis in the euro zone. During European morning trade, the dollar was sharply higher against the euro, with EUR/USD tumbling 0.83% to hit 1.3718. The euro extended losses after a Paris based clearing house hiked the margin call on Italian bonds, fuelling concerns over the country's fiscal crisis. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Finding It Hard To Select Stocks To Trade, Heres How Posted: 09 Nov 2011 01:42 AM PST If you are finding it hard to select stocks to trade, you not a dunce, it’s just that you don’t have the right tool set to help you find stocks that have one side of the market in charge (ie Bulls or Bears). We use our RTTVolumeWave indicator and Swing scanner to reveal stocks that clearly show the bulls are in charge, because we like going long. Gold Stock : AUY In the chart below you see that the green bars are dominating the red bars. Once we know the bulls are in charge we throw on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Goods Trade Deficit Widens Unexpectedly Posted: 09 Nov 2011 01:39 AM PST Forexpros – The U.K.'s goods trade deficit widened unexpectedly in September, official data showed on Wednesday. In a report, the U.K. Office for National Statistics said the country’s goods trade deficit widened to a seasonally adjusted GBP9.8 billion in September, compared to a deficit of GBP8.6 billion in August, whose figure was revised up from a deficit of GBP7.8 billion. Economists had expected the goods trade deficit to narrow to GBP8.0 billion in September. The report said that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Tumble As Focus Remains On Italy; DAX Down 1.03% Posted: 09 Nov 2011 01:38 AM PST Forexpros – European stock markets were sharply lower on Wednesday, amid concerns over the ability of a new Italian government to shore up the economy after Italian Prime Minister Silvio Berlusconi offered to resign. During European morning trade, the EURO STOXX 50 tumbled 1.72%, France's CAC 40 dropped 1.65%, while Germany's DAX 30 declined 1.03%. Market sentiment found support earlier, after Berlusconi offered to step down as soon as parliament passes the budget for 2012 next week. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Support From 100 Hr Moving Average Posted: 09 Nov 2011 01:37 AM PST The Euro has traded off since touching the high of 1.38577.  German Chancellor Merkel commented that Italy has to step up austerity efforts, and Italian PM Berlusconi said that he will not be running in the next election. You can see that the pair hasn't had a close below the 100 hour moving average in 24 hours and is testing it again with the current hourly candle stick; 100 hour comes in at 1.37796. The next bearish target on the hourly chart is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Slips Amid Italy Debt Woes, Iran Fears Supports Posted: 09 Nov 2011 01:28 AM PST Forexpros – Crude oil futures edged lower on Wednesday, easing off a three-month high as political uncertainty in Italy weighed on sentiment, while the prospect of a supply disruption from Iran helped limit losses. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD96.36 a barrel during European morning trade, shedding 0.46%. It earlier fell by as much as 0.52% to trade at a daily low of USD96.30 a barrel. Crude prices rose to USD97.30 on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Slides As Italy Fears Dent Risk Appetite Posted: 09 Nov 2011 01:14 AM PST Forexpros – The pound slipped lower against the U.S. dollar on Wednesday, as ongoing concerns over political uncertainty in Italy and Greece weighed on demand for riskier assets. GBP/USD hit 1.6064 during European morning trade, the session low; the pair subsequently consolidated at 1.6065, slipping 0.14%. Cable was likely to find support at 1.5979, the low of November 4 and short-term resistance at 1.6129, Tuesday's high. Late Tuesday, Italian Prime Minister Silvio Berlusconi announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Lower As Markets Focus On Italy Posted: 09 Nov 2011 12:47 AM PST Forexpros – Gold futures edged lower on Wednesday, but remained close to a six-week high as market sentiment continued to be dominated by developments surrounding Italy's debt woes. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,785.35 a troy ounce during early European morning trade, shedding 0.17%. It earlier fell by as much as 0.25% to trade at a daily low of USD1,783.55 a troy ounce. Late Tuesday, Italian Prime Minister … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Falls To 7-day Low As Risk Sentiment Wanes Posted: 09 Nov 2011 12:39 AM PST Forexpros – The U.S. dollar slipped to a seven-day low against the yen on Wednesday, as concerns over a fresh intervention by Japan waned while uncertainty over the euro zone debt crisis supported safe have demand. USD/JPY hit 77.54 during late Asian trade, the pair’s lowest since October 31; the pair subsequently consolidated at 77.60, shedding 0.16%. The pair was likely to find support at 77.13, the low of September 8 and resistance at 78.18, the high of November 7. Risk sentiment was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Slips Amid Italy/Greece Turmoil Posted: 09 Nov 2011 12:24 AM PST Forexpros – The New Zealand dollar slipped against its U.S. counterpart on Wednesday as concerns over the outcome of political turmoil in Italy and Greece dented risk appetite. NZD/USD hit 0.7940 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7940, dipping 0.55%. The pair was likely to find support at 0.7859, the low of October 18 and resistance at 0.8077, the high of October 25. Market sentiment found support earlier, after Italian Prime Minister Silvio … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Dips Amid Ongoing E.Z. Uncertainty Posted: 09 Nov 2011 12:09 AM PST Forexpros – The Australian dollar dipped against its U.S. counterpart on Wednesday, as ongoing political turmoil in Greece and in Italy weighed on demand for riskier assets. AUD/USD hit 1.0337 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0322, shedding 0.67%. The pair was likely to find support at 1.0201, the low of November 3 and resistance at 1.0500, the high of October 24. Market sentiment was briefly lifted on Tuesday evening, after Italian Prime … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Rise After China CPI, Italy In Focus; Nikkei Up 1.1% Posted: 08 Nov 2011 11:55 PM PST Forexpros – Pros – Asian stock markets were broadly higher on Wednesday, after data showed that China's inflation rate rose at the slowest pace since May and after Italian Prime Minister Silvio Berlusconi announced that he would resign. During late Asian trade, Hong Kong’s Hang Seng Index rallied 1.8%, Australia's ASX/200 Index climbed 1.2%, while Japan's Nikkei 225 Index rose 1.1%. Earlier in the day, official data showed that China's consumer price index rose by 5.5% in October, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Home Loan Rise More-than-expected In September Posted: 08 Nov 2011 11:35 PM PST Forexpros – The number of Australian new home loan approvals rose more-than-expected in September, official data showed on Wednesday. In a report, the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 2.2% in September, beating expectations for a 1.5% gain. Australian home loans rose by an unrevised 1.2% in August. Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.52% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slides As Italy Debt Uncertainty Weighs Posted: 08 Nov 2011 11:34 PM PST Forexpros – The euro slipped lower against the U.S. dollar on Wednesday, giving up early gains following the resignation of Italy's prime minister, amid uncertainty over whether Italy's new government will be able improve the country's fiscal situation. EUR/USD pulled back from 1.3858, the pair's highest since November 4, to hit 1.3795 during late Asian trade, shedding 0.27%. The pair was likely to find support at 1.3680, Monday's low and short-term resistance at 1.3868, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China CPI Eases To 5-month Low In October Posted: 08 Nov 2011 11:32 PM PST Forexpros – Consumer price inflation in China eased in October, rising at the slowest pace in five months, official data showed on Wednesday. In a report, China's National Bureau of Statistics said consumer price inflation rose by a seasonally adjusted 5.5% in October, after rising by 6.1% in September. Analysts had expected Chinese CPI to rise by 5.4% in October. The report also showed that producer price inflation rose by a 5.0% in October, slowing from 6.5% in September. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Avon Products, Inc. (AVP) Posted: 08 Nov 2011 11:00 PM PST We have downgraded our long-term recommendation on Avon Products, Inc. (NYSE:AVP) to Underperform following the weak quarterly performance in the third quarter of 2011. The quarterly earnings of $0.38 per share fell short of the Zacks Consensus Estimate of $0.46 and dipped 7.3% from the year-ago quarter battered by increased product costs. The North American market continues to be sluggish in the ongoing fiscal 2011. Moreover, the company’s initiatives to change the product mix and reposition the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Seagate Technology Plc Posted: 08 Nov 2011 11:00 PM PST Seagate Technology plc (NASDAQ:STX) delivered better than expected results for its fiscal 2012 first quarter on October 20. This prompted analysts to revise their estimates higher for both 2012 and 2013. On November 3, the company provided bullish guidance for the next couple of quarters, and estimates continued to climb. It is a Zacks #2 Rank (Buy). Based on current consensus estimates, analysts are projecting 60% EPS growth this year and 35% growth next year. On top of this, the company pays a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Spectrum Pharmaceuticals, Inc. Posted: 08 Nov 2011 11:00 PM PST Spectrum Pharmaceuticals, Inc. (SPPI) saw huge gains in October, jumping more than 50% after posting a huge Q2 earnings surprise of 222%. With estimates on the rise and a high industry rank, this Zacks #1 Rank stock is a biotech with plenty of momentum. Company Description Spectrum Pharmaceuticals, Inc. is a commercial stage biotechnology company that focuses on oncology and hematology. The company was founded in 1987 and has a market cap of $633 million. SPPI got a big lift from the bullish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: ExlService Holdings Posted: 08 Nov 2011 11:00 PM PST Can you get outsized returns from an outsourcing company? ExlService Holdings (NASDAQ:EXLS) is showing excellent top-line growth, reported better than expected earnings, and is currently a Zacks #1 Rank (Strong Buy). Company Description ExlService provides outsourcing and transformation services. The company’s primarily works with Fortune 1000 companies in the insurance, utilities, banking, transportation, and travel sectors. Great Quarterly Results ExlService reported third-quarter results on Nov 2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: The Washington Post Co. (WPO) Posted: 08 Nov 2011 11:00 PM PST The Washington Post Co.’s (NYSE:WPO) top and bottom lines surpassed Zacks’ expectations in the third quarter of 2011. The quarterly earnings of $5.27 per share beat the Zacks Consensus Estimate of $3.85. Total revenue of $1,032.6 million also came ahead of the Zacks Consensus Estimate of $1,005 million. The Kaplan Education division has undertaken a restructuring plan to lower its costs structure in the near future. Further, Kaplan International remains promising, registering growth of 25% during … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 08 Nov 2011 10:55 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3825, down 0.07% at time of writing. The pair was likely to find support at 1.3682, Monday's low, and resistance at 1.3867, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8593 and EUR/JPY falling 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 08 Nov 2011 10:25 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.6087, down 0.01% at time of writing. The pair was likely to find support at 1.5946, Friday's low, and resistance at 1.6130, Tuesday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8592 and GBP/JPY falling 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed In Mid-day Asian Trade Posted: 08 Nov 2011 07:14 PM PST Forexpros – Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Wednesday, as the anticipated departure of Italy's prime minister raised uneven expectations for a comprehensive solution to debt woes in the euro-zone. In mid-day Asian trade, the greenback was lower against the euro, with EUR/USD rising 0.02% to hit 1.3837. On Tuesday, Italy's Parliament approved a routine budget proposal, with opposition lawmakers abstaining, but leaving Berlusconi short … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Loses Ground In Mid-day Asian Trade Posted: 08 Nov 2011 06:45 PM PST Forexpros – Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Wednesday, as the expected resignation of Italy's prime minister raised hopes for progress on European debt, dimming enthusiasm for the safe-haven greenback. In mid-day Asian trade USD/JPY hit 77.57, the pair's lowest since Monday; the pair subsequently consolidated at 77.61, falling 0.15%. The pair was likely to find support at 77.85, the high of September 9, and resistance at 78.40, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Trades Off 50% Again Posted: 08 Nov 2011 06:34 PM PST The 50% area we reviewed yesterday held again over night as the USD bid in the market moved the pair north but was met with short-term resistance for the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Climb In Early Trade; Nikkei Adds 1% Posted: 08 Nov 2011 06:14 PM PST Forexpros – Forexpros – Asian stocks posted gains in Wednesday trade, boosted by Wall Street gains and prospects for progress on European debt following the reported resignation of Italy's prime minister. During early Asian trade, Hong Kong's Hang Seng Index rose 2.3% to 20,131.40, Japan's Nikkei Index advanced 0.96% to 8,738.51, while Australia's S&P/ASX 200 added 1.44% to 4,355.50. The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, gained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jack Abramoff’s Corruption And Bribery In Washington Posted: 08 Nov 2011 06:06 PM PST Regular readers of Sense on Cents are well aware of my contempt for the relationship between those on Wall Street and their incestuous partners in Washington. While my blog's focus has been on this aforementioned relationship, let there be no mistake that the normal order of business now in our nation is that these incestuous relationships extend far beyond Wall Street into virtually every industry in our nation. Regrettably, far too many of our supposed leaders in Washington who wield … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Slips In Early Asian Trade Posted: 08 Nov 2011 05:32 PM PST Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Wednesday, as the market remained uneasy on European progress toward debt solution despite the reported resignation of Italy's prime minister. AUD/USD hit 1.0370 in early Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.0384, falling 0.08%. The pair was likely to find support at 1.0204, last Thursday's low, and resistance at 1.0446, last Thursday's high. On … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Day Trading To Pay Off Debts – Strategies To Be Followed By Beginners Posted: 08 Nov 2011 01:47 PM PST By ForexMansion.com Stock market specializes in the trading of the individual companies. Now, there are so many companies that the availability of stocks is high too. Stock trading or investment is often of those options that can help you earn money which you can use for gradual debt reduction. However, if you would like to earn profit from your stock investments, it is important for you to know the ins and outs of stock trading. Based on all of the details, you will have to decide which type … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 08 Nov 2011 06:02 AM PST By ForexMansion.com by, James A. Hyerczyk The FTSE 100 had a strong day on Tuesday but remained inside of its short-term range of 5747.30 to 5338.40. This type of pattern typically indicates impending volatility but this is not likely to occur until the market breaks out in either direction. Currently this index is experiencing the worst kind of volatility that is being defined by sudden shifts in direction. The key area to watch is the retracement zone of the short-term range. This area is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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