DailyMarkets.com - Forex – EUR/GBP Remains Lower Amid E.Z. Debt Concerns

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• Forex – EUR/GBP Remains Lower Amid E.Z. Debt Concerns
• Forex Trading: Eurozone Flash GDP Increases 0.2% Q/q
• German ZEW Economic Sentiment Falls To 3-year Low
• Euro Zone GDP Expands In Line With Expectations In Q3
• Forex – Dollar Broadly Higher As Euro Zone Bond Yields Climb
• U.K. Consumer Price Inflation Eases More-than-expected
• European Stocks Drop On Debt Concerns; DAX Down 1.86%
• Crude Oil Futures Edge Lower On Lingering EZ Debt Concerns
• Forex – GBP/USD Edges Lower Amid Sustained E.Z. Worries
• Forex – USD/JPY Lower After Briefly Spiking To 2-day High
• Gold Futures Fall To 2-day Low As Stronger Dollar Weighs
• Forex – NZD/USD Tumbles To 5-week Low In Risk-off Trade
• Forex – AUD/USD Lower On EZ Fears, RBA Minutes Support
• Asia Stocks Slump As EU Debt Fears Weigh; Nikkei Down 0.7%
• Forex – EUR/USD Slips Amid Ongoing Euro Zone Debt Concerns
• German Q3 GDP Rises In Line With Expectations
• Aggressive Growth Stock: Procera Networks, Inc
• Momentum Stock: Carrols Restaurant Group, Inc.
• Growth & Income Stock: Penske Automotive Group, Inc.
• Bear Of The Day: Kellogg Company (K)
• Bull Of The Day: Goodyear Tire & Rubber (GT)
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Housing Slump Leads To Some Unusual Outcomes
• Chart Of The Day: Structural Shift In U.S. Economy
• Gold Mining Stocks On The Rise
• Daily FTSE Technical Update

Forex – EUR/GBP Remains Lower Amid E.Z. Debt Concerns Posted: 15 Nov 2011 02:46 AM PST Forexpros – The euro remained lower against the pound on Tuesday, trading within striking distance of an eight-month low as rising Italian and Spanish bond yields soured sentiment on the single currency. EUR/GBP hit 0.8530 during European morning trade, the pair’s lowest since November 10; the pair subsequently consolidated at 0.8538, dropping 0.35%. The pair was likely to find support at 0.8484, the low of November 10 and resistance at 0.8599, the high of November 8. The euro came under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Flash GDP Increases 0.2% Q/q Posted: 15 Nov 2011 02:35 AM PST This number met expectations. Eur/Usd continues to trade around … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German ZEW Economic Sentiment Falls To 3-year Low Posted: 15 Nov 2011 02:15 AM PST Forexpros – German economic sentiment deteriorated more-than-expected in November, falling to the lowest level since November 2008 as the ongoing sovereign debt crisis in the euro zone continued to weigh on sentiment, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment decreased by 6.9 points to minus 55.2 in November from a reading of minus 48.3 in October. The index declined for the ninth consecutive month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone GDP Expands In Line With Expectations In Q3 Posted: 15 Nov 2011 02:07 AM PST Forexpros – The euro zone's economy expanded broadly in line with market expectations in the third quarter, official preliminary data showed on Tuesday. In a report, Eurostat said that the euro zone's gross domestic product grew by a seasonally adjusted 0.2% during the third quarter, in line with expectations, following growth of 0.2% in the preceding quarter. Year-on-year euro zone GDP grew at an annualized rate of 1.4%, in line with forecasts, after expanding at a rate of 1.6% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher As Euro Zone Bond Yields Climb Posted: 15 Nov 2011 01:59 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, as concerns over the deepening financial crisis in the euro zone bolstered demand for safe haven assets. During European morning trade, the dollar was up against the euro, with EUR/USD shedding 0.58% to hit 1.3554. Sentiment on the single currency soured as Italy’s 10-year bond yields neared 7%, also pushing Spanish 10-year yields above 6% for the first time since the European Central Bank started to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Consumer Price Inflation Eases More-than-expected Posted: 15 Nov 2011 01:39 AM PST Forexpros – Consumer price inflation in the U.K. declined more-than-expected in October, easing off last month's record high, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said the rate of consumer price inflation decelerated to 5.0% in October from 5.2% in September. Analysts had expected U.K. consumer prices to rise at a rate of 5.1% in October. Month-over-month, consumer price inflation rose 0.1%, below expectations for a 0.2% increase. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Drop On Debt Concerns; DAX Down 1.86% Posted: 15 Nov 2011 01:32 AM PST Forexpros – European stock markets were sharply lower on Tuesday, as investors remained concerned over the euro zone’s debt crisis following strong rises in Italian and Spanish bond yields. During European morning trade, the EURO STOXX 50 plummeted 1.83%, France's CAC 40 tumbled 1.63%, while Germany's DAX 30 plunged 1.86%. Market sentiment was hit after a rise in Italian and Spanish bond yields underscored the challenges facing European leaders as they continue to struggle to contain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Edge Lower On Lingering EZ Debt Concerns Posted: 15 Nov 2011 01:20 AM PST Forexpros – Crude oil futures edged lower on Tuesday, as lingering concerns over the debt crisis in the euro zone prompted investors to move out of high yielding assets. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.83 a barrel during European morning trade, shedding 0.4%. It earlier fell by as much as 0.5% to trade at a daily low of USD97.72 a barrel. Market sentiment was dented after the yield on Italian five-year bonds spiked to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Edges Lower Amid Sustained E.Z. Worries Posted: 15 Nov 2011 01:02 AM PST Forexpros – The pound edged lower against the U.S. dollar on Tuesday, as ongoing concerns over the debt crisis in the euro zone weighed on demand for riskier assets. GBP/USD hit 1.5873 during European morning trade, the pair’s lowest since November 10; the pair subsequently consolidated at 1.5887, slipping 0.14%. The pair was likely to find support at 1.5843, the low of September 9 and resistance at 1.5972, the high of October 21. Market sentiment was hit after a rise in Italian and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower After Briefly Spiking To 2-day High Posted: 15 Nov 2011 12:38 AM PST Forexpros – The U.S. dollar was lower against the safe haven yen on Tuesday, after briefly spiking to a two-day high earlier, as concerns about the euro zone’s massive financial problems weighed on demand for riskier assets. USD/JPY hit 77.50 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 77.01, dipping 0.05%. The pair was likely to find support at 76.80, Monday's low and a two-week low and resistance at 77.67, Friday's high. The brief … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Fall To 2-day Low As Stronger Dollar Weighs Posted: 15 Nov 2011 12:29 AM PST Forexpros – Gold futures were down for a second day on Tuesday, as fears that the euro zone's sovereign debt crisis is worsening prompted investors to sell their gold positions to raise liquidity and cover losses elsewhere. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,770.45 a troy ounce during early European morning trade, sliding 0.45%. It earlier fell by as much as 0.6% to trade at a USD1,767.25 a troy ounce, the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Tumbles To 5-week Low In Risk-off Trade Posted: 15 Nov 2011 12:15 AM PST Forexpros – The New Zealand dollar tumbled to a five-week low against its U.S. counterpart on Tuesday, as investors remained concerned over the ongoing crisis in the euro zone. NZD/USD hit 0.7720 during late Asian trade, the pair's lowest since October 10; the pair subsequently consolidated at 0.7738, falling 0.85%. The pair was likely to find support at 0.7623, the low of October 6 and resistance at 0.7836, the day's high. Risk appetite was dented after a rise in Spanish and Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Lower On EZ Fears, RBA Minutes Support Posted: 15 Nov 2011 12:01 AM PST Forexpros – The Australian dollar was lower against its U.S. counterpart on Tuesday, as concerns over the euro zone debt crisis weighed, but losses were limited after the central bank's November meeting minutes said there was a case for "modest" easing. AUD/USD hit 1.0160 during late Asian trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.0173, sliding 0.30%. The pair was likely to find support at 1.0051, the low of November 10 and a one-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Slump As EU Debt Fears Weigh; Nikkei Down 0.7% Posted: 14 Nov 2011 11:52 PM PST Forexpros – Asian stock markets fell on Tuesday, tracking overnight losses from Wall Street as investors dumped riskier assets after a sharp spike in Italian borrowing costs fuelled concerns that the euro zone's debt crisis is worsening. During late Asian trade, Hong Kong’s Hang Seng Index dropped 1.2%, Australia's ASX/200 Index shed 0.44%, while Japan's Nikkei 225 Index slumped 0.72%. Market sentiment was dented after yields of Italian five-year government bonds rose to a euro-era … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips Amid Ongoing Euro Zone Debt Concerns Posted: 14 Nov 2011 11:34 PM PST Forexpros – The euro slipped against the U.S. dollar on Tuesday, as a rise in Italian and Spanish bond yields and news that Germany’s ruling party said countries could exit the euro zone voluntarily weighed on risk appetite. EUR/USD hit 1.3576 during late Asian trade, the pair's lowest since November 10; the pair subsequently consolidated at 1.3604, sliding 0.21%. The pair was likely to find support at 1.3522m, the low of November 9 and resistance at 1.3794, the high of November 11. On … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Q3 GDP Rises In Line With Expectations Posted: 14 Nov 2011 11:19 PM PST Forexpros – Germany's economy grew in line with market expectations in the third quarter, official preliminary data showed on Tuesday. In a report, Destatis, Germany's statistical office, said Germany's gross domestic product increased by a seasonally adjusted 0.5% during the third quarter, broadly in line with expectations. The previous quarter's figure was revised up to growth of 0.3% from a previously reported 0.1% increase. Year-on-year, German GDP grew at an annualized rate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Procera Networks, Inc Posted: 14 Nov 2011 11:05 PM PST Selling on the news doesn’t always work. Procera Networks (PKT) is a prime example of a stock that continues to move higher after an earnings announcement. With a big earnings surprise, a great growth outlook, and rising estimates it isn’t hard to see why. Company Description Procera provides intelligent policy enforcement solutions that allow network operators control of and visibility into their networks. Customers include businesses, governments, educators, mobile providers, and any entity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Carrols Restaurant Group, Inc. Posted: 14 Nov 2011 11:05 PM PST Carrols Restaurant Group, Inc. (TAST) recently moved back within striking distance of its multi-year high after reporting a 41% earnings surprise. With an average earnings surprise of 25% over the last three quarters and estimates on the rise, this Zacks #1 Rank stock is a tasty pick for momentum. Company Description Carrols Restaurant Group, Inc., through its subsidiary, Carrols Corporation, owns and operates quick-casual and quick-service restaurants in the United States, including 303 Burger … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Penske Automotive Group, Inc. Posted: 14 Nov 2011 11:05 PM PST Estimates have been rising for Penske Automotive Group, Inc. (NYSE:PAG) after the company reported record results for its fiscal third quarter on November 2. Earnings per share jumped 31% year-over-year and came in 19% ahead of the Zacks Consensus Estimate. Analysts expect this strong earnings growth to continue for the remainder of 2011 and carry into 2012. On top of strong earnings growth potential, Penske offers investors a dividend that yields 1.8%. Valuation looks attractive too with shares … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Kellogg Company (K) Posted: 14 Nov 2011 11:05 PM PST We have downgraded our recommendation on Kellogg Company (NYSE:K) to Sell from a Hold on weak third-quarter 2011 earnings of $0.80 per share, which lagged the Zacks Consensus Estimate by 10.1% and the prior-year earnings by 11%. The results were driven by weak economic environment, increased cost of goods sold and increased supply-chain costs due to the reinstatement of incentive compensation costs. The company expects these costs to rise for the foreseeable future. Though the company has shown … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Goodyear Tire & Rubber (GT) Posted: 14 Nov 2011 11:05 PM PST Goodyear Tire & Rubber Company (NYSE:GT) is one of the largest tire manufacturing companies around the world. The company expects to benefit from new product launches and cost reduction programs. It has targeted $1 billion of gross savings by 2012. The company also expects the global tire industry to continue to grow in full year 2011. In the third quarter of 2011, the company’s profits jumped to $0.72 per share from $0.13 per share in the 2010 quarter, which was also significantly higher than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 14 Nov 2011 10:55 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3594, down 0.29% at time of writing. The pair was likely to find support at 1.3484, Thursday's low, and resistance at 1.3807, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8554 and EUR/JPY falling 0.40% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 14 Nov 2011 10:25 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5885, down 0.16% at time of writing. The pair was likely to find support at 1.5869, Thursday's low, and resistance at 1.6093, Friday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8557 and GBP/JPY falling 0.11% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Housing Slump Leads To Some Unusual Outcomes Posted: 14 Nov 2011 08:22 PM PST 1. “Here in Merced, California a city in the heart of the San Joaquin Valley and one of the country's hardest hit by home foreclosures, the downturn in the real estate market has presented an unusual housing opportunity for thousands of college students. Facing a shortage of dorm space, they are moving into hundreds of luxurious homes in overbuilt planned communities.” “Animal McMansion: Students Trade Dorm for Suburban Luxury,” in the NY Times 2. “Las Vegas has a pot home problem. And … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: Structural Shift In U.S. Economy Posted: 14 Nov 2011 07:58 PM PST I have featured charts similar to the one above that displays real GDP and civilian employment over the last ten years.  More than any single chart, I think this one really helps to accurately describe the current state of the U.S. economy: 1. Measured by real output (GDP), the U.S. economy has made a complete recovery from the 2007-2009 recession now that real output in Q3 was higher than the 2007 Q4 level when the recession started.  2. While real output has completely recovered … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Mining Stocks On The Rise Posted: 14 Nov 2011 06:50 PM PST Bullets are flying in what has become the new warfare. In the old days wars were fought with Pearl Harbor surprises and outright takeovers of territorial assets. Previously the capital markets have been content to don jackboots and military strikes to control economic developments. With the advent of the nuclear deterrent now being possessed by an increasing number of nations, contemporary wars are morphing away from bullets and bombs. The elites have a good thing going. It is to their interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 14 Nov 2011 06:32 AM PST By ForexMansion.com by, James A. Hyerczyk The rangebound trade continued in the FTSE on Monday. On top of the tight ranges, volume has been progressively dropping since reaching a peak at 1,074,608,400 on November 9. Monday's volume was a paltry 687,675,200 shares. This is not good if you believe this market is set to launch another move to the upside. The main range is 5747.30 to 5338.40. The retracement zone created by this range is 5542.85 to 5591.10. Last Friday's high at 5616.00 put … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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