Sunday, November 20, 2011

DailyMarkets.com - Forex – EUR/USD Weekly Outlook: November 21-25

DailyMarkets.com - Forex – EUR/USD Weekly Outlook: November 21-25


Forex – EUR/USD Weekly Outlook: November 21-25

Posted: 20 Nov 2011 07:38 AM PST

Forexpros – Last week saw the euro drop to a six-week low against its U.S. counterpart before trimming some of the week's losses as speculation that the European Central Bank may move to help the region's struggling economies strengthened market sentiment.

EUR/USD hit 1.3421 on Thursday, the pair's lowest since October 10; the pair subsequently consolidated at 1.3522 by close of trade on Friday, plummeting 2.07% over the week.

The pair is likely to find support at 1.3377, the low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Futures – Weekly Outlook: November 21-25

Posted: 20 Nov 2011 07:24 AM PST

Forexpros – Natural gas futures plunged to the lowest level in more than a year on Friday, as record high storage levels in the U.S. and forecasts of mild late November weather drove prices lower.

On the New York Mercantile Exchange, natural gas futures for delivery in December settled at USD3.316 per million British thermal units by close of trade on Friday, tumbling 6.3% over the week, its steepest one-week decline in five months.

Earlier in the day, prices fell to USD3.288 per million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Angela’s Choice

Posted: 18 Nov 2011 12:12 AM PST

OK. Not only have Spanish and Italian bond yields have blown out against Bunds, now French yields are blowing out and there are suggestions that even Bunds are losing their safe haven status. The contagion has moved from the periphery to the core of the eurozone. The whole eurozone is unraveling as disunity is the story of the day, as an example consider the Bloomberg report Irish Government Draws Fire as Budget Plans Shown to Lawmakers in Germany.

In the past, we would have seen some market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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