DailyMarkets.com - Forex Trading: Euro Higher

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• Forex Trading: Euro Higher
• Forex – Dollar Mixed Vs. Rivals In Choppy Trade
• U.K. Services PMI Falls More-than-expected In October
• Forex Trading: EUR/USD Running In To Some Resistance.
• Crude Oil Futures Slump On Greece Fears, Fed Outlook
• Forex – GBP/USD Trims Losses As Risk Aversion Eases
• European Stocks Fall Amid Greece Concerns; DAX Down 0.96%
• Gold Futures Edge Higher On Greece Debt Woes, Fed Outlook
• Forex Trading: USD Slipping
• Forex – USD/JPY Rangebound Amid Intervention Concerns
• Forex – AUD/USD Hits 2-week Low Amid Greece Concerns
• Forex – NZD/USD Down On Ongoing E.Z. Worries
• Asia Stocks Fall On Greece, U.S. Concerns; Nikkei Closed
• Forex- EUR/USD Hits Session Low Amid Greece Fears
• Australian Retail Sales Rise Less-than-expected In September
• New Zealand Employment Change Rises Less-than-expected
• Forex – EUR/USD Down During The Asian Session
• Bear Of The Day: Hospira, Inc. (HSP)
• Bull Of The Day: Wyndam Worldwide (WYN)
• Growth & Income Stock: The Timken Company
• Aggressive Growth Stock: Black Diamond, Inc
• Momentum Stock: CF Industry Holdings, Inc.
• Forex – GBP/USD Down In Asian Trade
• Forex – AUD/USD Down On Economic Data
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Everyday Currency Manipulation In The U.S.?
• Ridley: “I Can’t Find One Piece Of Data That Shows Unprecedented Change, Or Harmful Change.”
• Forex Trading: USDCNH Trades Off Trendline Resistance
• Forex Trading: USDHKD Pressing Trendline
• Forex Trading: Usd/hkd Still Continue To Hang Around The 23.6% Retracement Level.
• Forex Trading: Usd/cnh Falls Back In To The Downward Channel.
• Forex Trading: Usd/sgd Continue To Trade Higher.
• Sloping Or Horizontal Trendline: Which Is More Trustworthy?
• Daily FTSE Technical Update

Forex Trading: Euro Higher Posted: 03 Nov 2011 03:31 AM PDT Risk appetite continues in the market as comments continue to come out of Europe regarding Greece's fate.  Since the last post the pair has continued over 60 pips higher and is testing 1.37871; a low from last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed Vs. Rivals In Choppy Trade Posted: 03 Nov 2011 02:47 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, as investors remained jittery amid uncertainty over Greece's planned referendum and after the Federal Reserve revised down its outlook for growth. During European morning trade, the dollar almost unchanged against the euro, with EUR/USD inching down 0.02% to hit 1.3744. On Wednesday, French President Nicolas Sarkozy and German Chancellor Angela Merkel warned Greece that it would not receive any more European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Services PMI Falls More-than-expected In October Posted: 03 Nov 2011 02:36 AM PDT Forexpros – Service sector activity in the U.K. slowed more-than-expected in October, industry data showed on Thursday. In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index declined by 1.6 points to 51.3 in October from 52.9 in September. Analysts had expected the index to decline by 0.9 points to 52.0 in October. On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction. U.K. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Running In To Some Resistance. Posted: 03 Nov 2011 02:31 AM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Slump On Greece Fears, Fed Outlook Posted: 03 Nov 2011 02:31 AM PDT Forexpros – Crude oil futures slumped to a two-day low on Thursday, amid mounting fears over Greece's debt crisis and after the Federal Reserve cut its U.S. growth forecast, raising concerns over future demand prospects from the world's largest crude consumer. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD91.72 a barrel during European morning trade, retreating 0.86%. It earlier rose by as much as 1.5% to trade at USD90.91 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Trims Losses As Risk Aversion Eases Posted: 03 Nov 2011 02:15 AM PDT Forexpros – The pound trimmed losses against the U.S. dollar on Thursday, pulling back from an almost two-week low as market sentiment recovered somewhat, but uncertainty over Greece's planned referendum on its bailout deal lingered. GBP/USD pulled away from 1.5877, the pair's lowest since October 21; to hit 1.5946 during European morning trade, dipping 0.02%. Cable was likely to find support at 1.5753, the low of October 21 and resistance at 1.6047, Wednesday's high. On Wednesday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Fall Amid Greece Concerns; DAX Down 0.96% Posted: 03 Nov 2011 01:58 AM PDT Forexpros – European stock markets were sharply lower on Thursday, as ongoing concerns over the outcome of Greece’s controversial bailout referendum continued to weigh on investor confidence. During European morning trade, the EURO STOXX 50 tumbled 1.02%, France's CAC 40 dropped 0.60%, while Germany's DAX 30 declined 0.96%. Markets eyed Greece’s upcoming vote on its latest bailout plan after French and German leaders warned Athens that it would not receive further European aid until it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Edge Higher On Greece Debt Woes, Fed Outlook Posted: 03 Nov 2011 01:39 AM PDT Forexpros – Gold futures edged higher on Thursday, amid ongoing uncertainty over Greece's planned referendum on its bailout deal and after the Federal Reserve cut its U.S. growth forecast and signaled it was prepared to do more to bolster growth. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,733.05 a troy ounce during European morning trade, easing up 0.2%. It earlier rose by as much as 0.5% to trade at a daily high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD Slipping Posted: 03 Nov 2011 01:30 AM PDT The USD is losing some ground against the majors in recent trade. The USD/CAD was receiving support at 1.01725 since the new day started, but is testing it again now and looking a little heavy. Currently the 50.0%, 100, and 200 bar moving averages all come in at 1.01597; this seems to be the downside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Rangebound Amid Intervention Concerns Posted: 03 Nov 2011 01:27 AM PDT Forexpros – The U.S. dollar dipped against the yen on Thursday, but the pair remained rangebound, following Japan's intervention on Monday, to curb the appreciation of the persistently strong yen. USD/JPY hit 78.00 during late Asian trade, the session low; the pair subsequently consolidated at 78.02, dipping 0.02%. The pair was likely to find support at 77.85, the high of September 9 and resistance at 78.40, Wednesday's high. Market sentiment continued to be dominated by ongoing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Hits 2-week Low Amid Greece Concerns Posted: 03 Nov 2011 01:16 AM PDT Forexpros – The Australian dollar was down against its U.S. counterpart on Thursday, falling to a two-week low as investors remained concerned over the handling of the debt crisis in the euro zone ahead of Greece’s bailout referendum. AUD/USD hit 1.0204 during late Asian trade, the pair’s lowest since October 20; the pair subsequently consolidated at 1.0242, declining 1.02%. The pair was likely to find support at 1.0101, the low of October 13 and resistance at 1.0376, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down On Ongoing E.Z. Worries Posted: 03 Nov 2011 01:05 AM PDT Forexpros – The New Zealand dollar tumbled to a three-week low against its U.S. counterpart on Thursday, as sustained concerns over the outcome of Greece’s bailout referendum weighed on demand for riskier assets. NZD/USD hit 0.7806 during late Asian trade, the pair’s lowest since October 12; the pair subsequently consolidated at 0.7849, shedding 0.84%. The pair was likely to find support at 0.7741, the low of October 12 and resistance at 0.7956, the high of September 27. At a meeting in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Fall On Greece, U.S. Concerns; Nikkei Closed Posted: 03 Nov 2011 12:51 AM PDT Forexpros – Asian stock markets were broadly lower on Thursday, amid ongoing uncertainty over Greece's debt crisis and after the Federal Reserve cut its growth forecast for the world's largest economy. During late Asian trade, Hong Kong’s Hang Seng Index tumbled 2.8%, Australia's ASX/200 Index fell 0.3%, while Japan's Nikkei 225 Index was closed for a public holiday. In an emergency meeting prior to the G-20 summit, French President Nicolas Sarkozy and German Chancellor Angela … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex- EUR/USD Hits Session Low Amid Greece Fears Posted: 03 Nov 2011 12:34 AM PDT Forexpros – The euro was down against the U.S. dollar on Thursday, falling to a session low amid ongoing uncertainty over Greece's planned referendum on its bailout deal. EUR/USD hit 1.3657 during late Asian trade, the session low; the pair subsequently consolidated at 1.3667, shedding 0.56%. The pair was likely to find support at 1.3582, the low of October 12 and resistance at 1.3827, Wednesday's high. On Wednesday, German Chancellor Angela Merkel and French President Nicolas Sarkozy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Retail Sales Rise Less-than-expected In September Posted: 03 Nov 2011 12:25 AM PDT Forexpros – Retail sales in Australia rose less-than-expected in September, official data showed on Thursday. In a report, the Australian Bureau of Statistics said that Australian retail sales rose by a seasonally adjusted 0.4% in September, after rising by 0.6% in August. Analysts had expected Australian retail sales to rise 0.5% in September. Year-over-year, Australian retail sales rose at an annualized rate of 2.4%, after climbing at a rate of 1.8% in the previous month. Following the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Zealand Employment Change Rises Less-than-expected Posted: 03 Nov 2011 12:21 AM PDT Forexpros – New Zealand's employment change rose less-than-expected in the third quarter, official data showed on Thursday. In a report, Statistics New Zealand said that N.Z. employment change rose by a seasonally adjusted 0.2% in the third quarter, falling short of expectations for a 0.6% increase. The previous quarter's figure was revised up to a 0.1% increase from a previously reported flat reading. The report showed that New Zealand's unemployment rate rose to 6.6% in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 02 Nov 2011 11:35 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3698, down 0.36% at time of writing. The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4169, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8617 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Hospira, Inc. (HSP) Posted: 02 Nov 2011 11:05 PM PDT Hospira Inc.’s (NYSE:HSP) third quarter preliminary results were below expectations due to continued manufacturing problems at the company’s Rocky Mountain facility. The facility is expected to continue functioning below full capacity through the remainder of 2011. The additional costs for manufacturing remediation resulted in lost sales, inventory loss and lower service levels. In addition, management cut its 2011 adjusted earnings guidance to $2.95-$3.05 from $3.90-$4.00. We have slashed our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Wyndam Worldwide (WYN) Posted: 02 Nov 2011 11:05 PM PDT Wyndham Worldwide’s (NYSE:WYN) third quarter 2011 earnings were ahead of the Zacks Consensus Estimate, primarily on the back of strong operational performance at each of the three businesses, sound expense management, and continued share repurchases. Going forward, we expect Wyndham to benefit from its repositioning to a more fee-for-service based business, and its strategic focus on Vacation Exchange as well as Rental businesses. The company is also experiencing a recovery in lodging business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: The Timken Company Posted: 02 Nov 2011 11:05 PM PDT The Timken Company (NYSE:TKR) delivered excellent third quarter results on October 27 with sales and EPS both beating the Zacks Consensus Estimates, and management raising its guidance for the remainder of the year. This prompted analysts to raise their estimates for both 2011 and 2012, sending the stock to a Zacks #2 Rank (Buy). Cyclical as She Goes Timken manufactures bearings, alloy steel, and other related components. The company is very cyclical and highly dependent on the health of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Black Diamond, Inc Posted: 02 Nov 2011 11:05 PM PDT Black Diamond, Inc. (BDE) is fresh of an earnings surprise that gave investors plenty to smile about. Sales were up, earnings are trending higher, and the company’s latest growth initiative has everyone optimistic about his Zacks #1 Rank (Strong Buy). Company Description Black Diamond makes outdoor products for climbing, mountaineering, skiing and other year-round activities. Sales Up 24% On Oct 31 Black Diamond reported impressive third-quarter results. The top line grew 24%, to $42 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: CF Industry Holdings, Inc. Posted: 02 Nov 2011 11:05 PM PDT CF Industry Holdings, Inc. (CF) saw big gains in November, jumping close to 50% after rebounding from the tough market sell off. With another earnings surprise in hand and rising estimates, this Zacks #1 Rank stock will help your portfolio grow some momentum. Company Description CF Industry Holdings, Inc., through its subsidiary, CF Industries, Inc., manufactures and distributes nitrogen and phosphate fertilizer products to agricultural and industrial customers worldwide. The company was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 02 Nov 2011 10:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5910, down 0.25% at time of writing. The pair was likely to find support at 1.5877, today's low, and resistance at 1.6166, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8620 and GBP/JPY falling 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data Posted: 02 Nov 2011 10:05 PM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of Australian data on Retail Sales. AUD/USD was trading at 1.0244, down 1.00% at time of writing. The pair was likely to find support at 1.0208, today's low, and resistance at 1.0718, Monday's high. Earlier in the day, official data showed that Retail sales in Australia rose less-than-expected to a seasonally adjusted 0.4% last month from 0.6% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours Posted: 02 Nov 2011 09:55 PM PDT Forexpros – The Euro was lower against the Swiss Franc on Thursday. EUR/CHF was trading at 1.2133, down 0.17% at time of writing. The pair was likely to find support at 1.2130, today's low, and resistance at 1.2231, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.40% to hit 1.3692 and EUR/JPY falling 0.40% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During Asian Trade Posted: 02 Nov 2011 09:25 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday. USD/CHF was trading at 0.8860, up 0.21% at time of writing. The pair was likely to find support at 0.8611, Monday's low, and resistance at 0.8960, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.39% to hit 1.3694 and USD/JPY falling 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Everyday Currency Manipulation In The U.S.? Posted: 02 Nov 2011 08:17 PM PDT This sounds a lot like currency manipulation, i.e. actively pursuing a manipulative strategy on a daily basis to keep the U.S. dollar overvalued for American consumers, by deliberately keeping goods sold in America undervalued and under-priced. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ridley: “I Can’t Find One Piece Of Data That Shows Unprecedented Change, Or Harmful Change.” Posted: 02 Nov 2011 08:02 PM PDT From Matt Ridley’s “Angus Millar Lecture of the Royal Society of the Arts” in Edinburgh, titled “Scientific Heresy”: “Stalagmites, tree lines and ice cores all confirm that it was significantly warmer 7000 years ago. Evidence from Greenland suggests that the Arctic ocean was probably ice free for part of the late summer at that time. Sea level is rising at the unthreatening rate about a foot per century and decelerating. Greenland is losing ice at the rate of about 150 gigatonnes a year, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Trades Off Trendline Resistance Posted: 02 Nov 2011 07:31 PM PDT The USDCNH pair found some resistance yesterday, coupled with mild USD weakness to trade off trendline resistance. The pair could continue lower here as the Yuan reference rate has been set to its highest level since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD Pressing Trendline Posted: 02 Nov 2011 07:31 PM PDT The USD bid in the market is pushing the USDHKD pair again against the short-term trendline resistance which has defended the pairs appreciation since late October and the pairs quick descent. Above the trendline we find a shadowing 200hr mavg helping the aforementioned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Still Continue To Hang Around The 23.6% Retracement Level. Posted: 02 Nov 2011 06:31 PM PDT usd/hkd still continue to hang around the 23.6% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Falls Back In To The Downward Channel. Posted: 02 Nov 2011 06:31 PM PDT usd/cnh broke out of this downward channel in the four hour chart but now fell back under that trend-line and trading in this downward channel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Continue To Trade Higher. Posted: 02 Nov 2011 06:31 PM PDT After the usd/sgd rally, it consolidated to build up more steam to continue it's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sloping Or Horizontal Trendline: Which Is More Trustworthy? Posted: 02 Nov 2011 05:28 PM PDT I often cringe when I see charts posted on other sites where the author inserts a sloping trendline and then jumps to the conclusion that the trendline will act as some sort of wall of support or resistance as the case may be. The first thing I do when I look at the same chart on my system is to look for and usually find what might be horizontal lines that project a dramatically different interpretation. The question is “Which trendline, sloping or horizontal, prevails and trumps the other?” … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 02 Nov 2011 06:32 AM PDT By ForexMansion.com by, James A. Hyerczyk The FTSE 100 closed sharply higher after a successful test of 5338.40. Although the market failed to complete a retracement into the zone at 5307.95 to 5204.26, Wednesday's low above this zone indicates that aggressive buyers stepped up to support the market. The rally, however, does not indicate the start of a new breakout to the upside. It is most likely related to the short-term oversold conditions. Based on the short-term range of 5747.30 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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