DailyMarkets.com - Forex Trading: Euro Opens Higher As IMF Prepares A 600B EUR Loan For Italy.

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• Forex Trading: Euro Opens Higher As IMF Prepares A 600B EUR Loan For Italy.
• Not So Good
• Forex – GBP/JPY Up In Asian Trading Hours
• Forex – NZD/USD Up During The Asian Session
• Forex – GBP/USD Up During The Asian Session
• Forex – USD/JPY Down In Asian Trade
• Quote Of The Day: Pro-Market Vs. Pro-Business
• Forex Trading: Usd/sgd Gaps Lower Over The Weekend
• Forex Trading: Usd/hkd Finding Some Resistance At The 7.79670 Area.
• Forex – EUR/USD Up During The Asian Session
• Daily Indices Update: UK100
• Weekly ASX Update: AGL Energy Limited FPO (AGX.AX)
• Weekly Index Update: Germany 30 (DE30)
• Daily FTSE Technical Update
• Daily Commodities Update: US Crude Oil
• Weekly Commodities Update: Gold

Forex Trading: Euro Opens Higher As IMF Prepares A 600B EUR Loan For Italy. Posted: 27 Nov 2011 05:41 PM PST The Euro traded higher over the weekend opening nearly 100 points higher than Friday's close after the International Monetary Fund announced it is preparing a loan of as much as 794B Euros in case Italy's debt situation worsens. It is said that the funds would allow Prime Minster Monti to introduce reforms over the next year and a half without having to refinance any already existing debt; paying between 4 and 5 percent interest. Since the open the EUR/USD has been range trading between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Not So Good Posted: 27 Nov 2011 04:45 PM PST It’s probably no surprise to Financial Armageddon readers that many media outlets are trumpeting this weekend’s jump in retail sales, with some even suggesting (praying?) that it means consumers are finally emerging from their recessionary funk: “Retail Sales Break Records, Cyber Monday Up Next” (USA Today) Buyers are expected to log in for online sales on Cyber Monday. Retail sales broke records during Thanksgiving weekend, hitting an estimated $52 billion in stores and online and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up In Asian Trading Hours Posted: 27 Nov 2011 04:45 PM PST Forexpros – The British Pound was higher against the Japanese Yen on Monday. GBP/JPY was trading at 120.27, up 0.22% at time of writing. The pair was likely to find support at 119.39, Thursday's low, and resistance at 120.47, Wednesday's high. Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.31% to hit 1.5489 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up During The Asian Session Posted: 27 Nov 2011 03:50 PM PST Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Sunday. NZD/USD was trading at 0.7506, up 1.33% at time of writing. The pair was likely to find support at 0.7371, Friday's low, and resistance at 0.7515, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.05% to hit 1.3105 and EUR/NZD falling 0.78% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The Asian Session Posted: 27 Nov 2011 03:30 PM PST Forexpros – The British Pound was higher against the U.S. Dollar on Sunday. GBP/USD was trading at 1.5490, up 0.32% at time of writing. The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5692, Tuesday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8599 and GBP/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In Asian Trade Posted: 27 Nov 2011 03:00 PM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Sunday. USD/JPY was trading at 77.48, down 0.33% at time of writing. The pair was likely to find support at 76.84, Tuesday's low, and resistance at 77.79, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.59% to hit 1.3316 and GBP/USD rising 0.35% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quote Of The Day: Pro-Market Vs. Pro-Business Posted: 27 Nov 2011 02:46 PM PST “There is a world of difference between being pro-market and being pro-business. Sometimes, the two positions happen to coincide; often they don't.” ~Daniel Hanan MP: Stated differently, many of the criticisms of capitalism are really criticisms of “crony capitalism.” … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Gaps Lower Over The Weekend Posted: 27 Nov 2011 02:37 PM PST the usd/sgd gaps lower over the weekend back in the middle of this upward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Finding Some Resistance At The 7.79670 Area. Posted: 27 Nov 2011 02:37 PM PST usd/hkd finding some resistance at the 7.79670 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 27 Nov 2011 02:25 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Sunday. EUR/USD was trading at 1.3309, up 0.53% at time of writing. The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3568, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8590 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: UK100 Posted: 27 Nov 2011 04:32 AM PST By ForexMansion.com by, James A. Hyerczyk The wide trading range created by heavy volatility triggered a whip-saw like move in the UK100 index CFD market on the 30-minute chart. Early in the session, the market rallied sharply higher from a support level near 5073.00. The subsequent rally stopped short of a resistance level near 5203.00. This triggered an intraday retracement of more than 50% of the session's range. Autochartist key level analysis has indicated that a support line with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly ASX Update: AGL Energy Limited FPO (AGX.AX) Posted: 27 Nov 2011 04:02 AM PST By ForexMansion.com by, James A. Hyerczyk After making a top at 14.79 on November 23, AGL Energy Limited (AGX.AX) broke sharply, triggering a breakout under the support line of a triangle chart pattern on the 240-minute chart. The move also penetrated the previous swing bottom at 13.96, reaffirming the downtrend and setting up the equity CFD for a test of the next support level at 13.86. A break though this price could trigger a stop-loss acceleration into the Autochartist forecast price zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: Germany 30 (DE30) Posted: 27 Nov 2011 04:02 AM PST By ForexMansion.com by, James A. Hyerczyk After reaching a bottom at 5365.30, the Germany 30 (DE30) index has created a base at this support level, setting up a possible retracement of the break from Point B to the bottom. Autochartist has detected the formation of a 3-Point Extension Fibonacci pattern. Although the main trend is down because of the lower-top, lower-bottom chart pattern, Autochartist is suggesting the start of a possible counter-trend rally into a series of Fibonacci … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 27 Nov 2011 04:02 AM PST By ForexMansion.com by, James A. Hyerczyk The FTSE 100 closed higher on Friday after nine consecutive sessions of losses. Oversold conditions on the daily chart definitely played a role in the market's turnaround. Thin trading conditions and low volume because of the U.S. holiday the previous day and Friday's shortened trading schedule may have also played roles in the turnaround. Intraday trading was wicked with the Index treading water near its low then exploding to the upside in a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Crude Oil Posted: 27 Nov 2011 01:32 AM PST By ForexMansion.com By Jonah S. Ford A third retest of key support on the US Crude Oil futures chart may have signaled at least a temporary bottom for the market. Friday's sharp reversal from the swing low near $95.00 per barrel confirmed that buyers are still present at this level, with potential for an upside rally increasing with the strong close. The move occurred near the apex of a well-defined Descending Triangle chart pattern, detected by Autochartist and illustrated here on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Commodities Update: Gold Posted: 27 Nov 2011 01:02 AM PST By ForexMansion.com   By Jonah S. Ford   Gold futures slipped lower after a failed retest of key level resistance in last week's trading. The resistance at $1,690 per ounce, highlighted by the Autochartist Key Level indicator, has now established itself as significant overhead which may prove difficult to overcome in the near term. The breakdown from the key level also triggered a technical breakout from a large Pennant chart pattern, shown here on the Autochartist platform's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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