Sunday, November 6, 2011

DailyMarkets.com - Forex Trading: EURUSD Post Greek Unity Announcement

DailyMarkets.com - Forex Trading: EURUSD Post Greek Unity Announcement

Forex Trading: EURUSD Post Greek Unity Announcement

Posted: 06 Nov 2011 05:32 PM PST

Opening ~60 pips higher than Friday's close on the back of news from Greece that Papanderou would resign as PM and that an agreement to form a unity government was reached the EURUSD pair has since traded back below the  1.38 handle as the rumors turned to fact and the market realizes the problem is the agreement of the Greek people to accept the conditions is what they are lacking. On the chart below we see the pair continuing to have its appreciation defended the by the 4-100hr mavg … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours

Posted: 06 Nov 2011 04:45 PM PST

Forexpros – The British Pound was lower against the Japanese Yen on Monday.

GBP/JPY was trading at 125.27, down 0.13% at time of writing.

The pair was likely to find support at 123.92, Thursday's low, and resistance at 125.61, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.01% to hit 1.6035 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Finding Bid @ 50%

Posted: 06 Nov 2011 04:32 PM PST

The hourly retracement of the USDSGD pair from the late October lows shows how over the last few sessions the pair has caught a bid on the 50% retracement of the move and subsequently the 200hr moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Countines Inside Trendline

Posted: 06 Nov 2011 04:32 PM PST

The USDCNH pair has continued to range and somewhat consolidate over the last few sessions as it moves lower off trendline resistance. As the situation in Europe continues to develop and Chinese participation uncertain, the US rhetoric in regards to the Yuan's appreciation has been somewhat muted last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up During The Asian Session

Posted: 06 Nov 2011 04:00 PM PST

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7961, up 0.29% at time of writing.

The pair was likely to find support at 0.7806, Thursday's low, and resistance at 0.7981, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.04% to hit 1.3061 and EUR/NZD falling 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In Asian Trade

Posted: 06 Nov 2011 03:50 PM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Sunday.

USD/CHF was trading at 0.8907, up 0.70% at time of writing.

The pair was likely to find support at 0.8762, Thursday'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 0.05% to hit 1.3786 and USD/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Testing The 6.3488 Area For The Third Time

Posted: 06 Nov 2011 03:33 PM PST

usd/cnh testing the 6.3488 area for the third time in this downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Still Trading In A Downward Channel.

Posted: 06 Nov 2011 03:33 PM PST

usd/sgd is still trading in a downward channel in this daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Finding Some Support Around The 7.7630 Area

Posted: 06 Nov 2011 03:33 PM PST

usd/hkd found some support around the 7.7630 area around the end of April and May … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The Asian Session

Posted: 06 Nov 2011 03:30 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.6037, up 0.02% at time of writing.

The pair was likely to find support at 1.5877, Thursday's low, and resistance at 1.6094, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8606 and GBP/JPY falling 0.11% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In Asian Trade

Posted: 06 Nov 2011 03:00 PM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Sunday.

USD/JPY was trading at 78.14, down 0.13% at time of writing.

The pair was likely to find support at 77.90, Thursday's low, and resistance at 78.98, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.17% to hit 1.3817 and GBP/USD rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 06 Nov 2011 02:25 PM PST

Forexpros – The Euro was higher against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3819, up 0.19% at time of writing.

The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.3871, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8608 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recommended WSJ: “Why Wall Street Can’t Handle The Truth”

Posted: 06 Nov 2011 12:54 PM PST

Mike Mayo is a highly regarded bank analyst on Wall Street. While Mike has had some outstanding calls over the course of his career, he is most widely regarded for 'taking the road less traveled' when it comes to speaking his mind and not merely serving as a shill for the institutions at which he has worked.
I write that not to denigrate those involved in research on Wall Street. Many research analysts on Wall Street are challenged to balance their career preservation interests against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SPY To $130?

Posted: 06 Nov 2011 11:48 AM PST

The SPDR S&P 500 ETF ($SPY) has pushed higher after bottoming out in October – and looks poised for more strength ahead. Here's why..

Buy Signal
The daily chart of the SPY shows a new buy signal developed after Thursday's trading via the Modified PEMA Crossover system. This signal works best in a trending market, which the SPY looks to be developing since the October low.
Basically, this signal is designed to help you identify when to "buy the dip" and "sell the rip", which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Having A Seat On The NYSE

Posted: 06 Nov 2011 11:00 AM PST

11/06/11 Ben Willis, Director of Floor Operations for Sunrise Securities, explains what it means to “have a seat on the NYSE” while also offering a history behind the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intel And Microsoft Join The Dow

Posted: 06 Nov 2011 04:00 AM PST

11/06/11 NYFP’s “This Week in Wall Street History”: November 1, 1999 saw the first time non-NYSE traded stocks joined the Dow 30, those were Microsoft and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: US2000

Posted: 06 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
After several attempts to breakout to the upside, the US2000 formed the resistance line of a descending triangle chart pattern. This created an emerging pattern, setting up a possible break into the support line between 713.24 and 708.24.

The quality of this chart pattern is a below average 4-bars. The initial trend which measures the strength of the trend prior to the formation of the chart pattern is a weak 2-bars. Uniformity is a slightly below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 06 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The sell-off in the FTSE came to an abrupt halt last week as the market quickly established support and retraced most of the downslide. The key to watch for now is whether the market can reestablish the torrid pace it demonstrated for most of October. At this time, the chart pattern suggests the formation of a secondary lower top. This means that a failure to make new highs will result in a another drive to the downside.

The FTSE has split into two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly ASX Update: Woolworths Limited (WOW.AX)

Posted: 06 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
Woolworths Limited (WOW.AX) broke out over the downtrending resistance line of a falling wedge chart pattern on the 1440-minute chart, setting up a possible rally into the Autochartist target zone at 25.15 to 26.41. The length of the chart pattern is of particular interest since a prolonged move in one direction tends to lead to stronger breakouts.

The overall quality of the chart pattern is a slightly above average 6-bars. The initial trend which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Germany 30 (DE30)

Posted: 06 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Germany 30 (DE30) has formed a very clean head and shoulders chart pattern on the 240-minute chart. Downside momentum has begun, putting this emerging pattern in a position to weaken further. Unlike other patterns which can be bi-directional, the head and shoulders pattern can only be a reversal. This means that despite the strong rising initial trend, this chart pattern is forecasting a trend change to the downside.

The overall quality of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Commodities Update: Silver

Posted: 06 Nov 2011 01:02 AM PST

By ForexMansion.com
By Jonah S. Ford
The steady climb continues in the precious metals complex, as mounting pressure from the European debt crisis and extreme volatility in the broader markets sends investors moving back towards safe haven assets. The recent resurgence is making for technical favorable chart developments on both short term and long term timeframes. Autochartist has been tracking the upward movement in silver with the identification of a convincing breakout late in last week's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Natural Gas

Posted: 06 Nov 2011 01:02 AM PST

By ForexMansion.com

By Jonah S. Ford
Natural Gas futures have plunged to new lows ahead of peak winter demand season, creating a backdrop for a potentially sharp increase in volatility as weather begins to dominate the short term price action. After several attempts to retake the $4.00 per million BTU price level, the futures settled back into the Pennant chart pattern shown here on the Autochartist 240-minute timeframe.

As this Pennant chart pattern progressed, trading pulled into a tight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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