DailyMarkets.com - Forex Trading: GBPJPY Breaks Support At 119.56
DailyMarkets.com - Forex Trading: GBPJPY Breaks Support At 119.56 |
- Forex Trading: GBPJPY Breaks Support At 119.56
- Forex Trading: EURUSD Tests 100 Month MA As Well
- Ten Great Things About The American Economy That Everyone Should All Be Thankful For
- Crude Oil Futures Pare Gains As EZ Debt Woes Linger
- Forex – EUR/USD Erases Gains, Hits Seven-week Low
- Forex – USD/CAD Pares Losses In Risk-off Trade
- Forex Trading: EURUSD Moves Toward Channel Trend Line Support
- Forex Trading: Euro Stocks Trimming Gains
- Belgium NBB Business Climate Drops More-than-expected
- Forex – EUR/JPY Erases Gains After Merkel Comments
- Sugar Futures Slump To 5-month Low On Ample Global Supplies
- Euro Stocks Higher, Shrug Off Portugal Downgrade; DAX Up 1.3%
- Forex Trading: EURUSD Up On The Day But Trading At Midpoint
- Forex – Dollar Remains Slightly Lower But Euro Vulnerable
- Forex – GBP/USD Clings To Gains As Euro Zone Concerns Weigh
- U.K. CBI Industrial Order Expectations Dip
- Forex – EUR/USD Holds Gains After Portugal Downgrade
- Wheat Drops To 4-month Low On Weak Demand For U.S. Supplies
- Forex – Euro Regains Ground But Debt Fears Cap Gains
| Forex Trading: GBPJPY Breaks Support At 119.56 Posted: 24 Nov 2011 07:34 AM PST GBPJPY has broken below the 119.56 trendline support on the hourly chart above. Staying below increases the bearish bias for the pair. Traders will be looking for increased downside momentum.
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| Forex Trading: EURUSD Tests 100 Month MA As Well Posted: 24 Nov 2011 07:34 AM PST My friend, Steve F., informed me that the 100 month moving average is at the 1.3317 level. The pair already had support at the 1.3301-06 level from hourly and daily channels. This just adds to the importance of the area. Here is the hourly chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Ten Great Things About The American Economy That Everyone Should All Be Thankful For Posted: 24 Nov 2011 07:18 AM PST BUSINESS INSIDER — “As tough macroeconomic headlines lead the S&P lower and political polemic turns the capital into K-Street, we thought it time to take a moment to appreciate all the good accomplished in the U.S. Pundits are quick to point to how the U.S. has fallen behind in innovation, but that’s not what we see. We see a resilient people, continuing to create new markets and products. We see regulations that allow businesses to operate more efficiently than in nearly any other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Pare Gains As EZ Debt Woes Linger Posted: 24 Nov 2011 06:57 AM PST Forexpros – Crude oil futures pared gains in holiday-thinned trade on Thursday, pulling back from the daily high after German Chancellor Angela Merkel reiterated her opposition to the creation of euro bonds. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD96.50 a barrel during U.S. morning trade, edging 0.34% higher. It earlier rose by as much as 1.4% to trade at a daily high of USD97.19 a barrel. Trading volumes were expected to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Erases Gains, Hits Seven-week Low Posted: 24 Nov 2011 06:52 AM PST Forexpros – The euro erased gains against the U.S. dollar on Thursday, falling to a seven-week low after comments by German Chancellor Angel Merkel fanned fears that European leaders will not be able to agree on a solution to the region’s debt crisis. EUR/USD pulled back from 1.3411, the daily high, to hit 1.3326 during European afternoon trade, slipping 0.11%. The pair was likely to find support at 1.3319, Wednesday's low and a seven-week low and resistance at 1.3530, Wednesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Pares Losses In Risk-off Trade Posted: 24 Nov 2011 06:38 AM PST Forexpros – The U.S. dollar pared losses against its Canadian counterpart on Thursday, as fears that European leaders cannot agree on a resolution to the region's debt crisis mounted following comments by German Chancellor Angela Merkel. USD/CAD pulled back from 1.0438, the day's low, to hit 1.0483 during European afternoon trade, down just 0.01% on the day. The pair was likely to find support at 1.0369, Wednesday's low and resistance at 1.0570, the high of October 5. Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moves Toward Channel Trend Line Support Posted: 24 Nov 2011 06:34 AM PST The EURUSD has moved to new lows for the trading day (low reached 1.3324). The 1.3319 level was the low from yesterday. The 1.3304 and 1.3307 levels are trendline support on both the hourly and the daily charts (see charts). Keep these levels in mind as the next key targets for the pair on a new probe to the downside. On the topside now, the close from yesterday comes in at the 1.3341. This is close resistance for the pair now. A move back above this level could take the pair up to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Euro Stocks Trimming Gains Posted: 24 Nov 2011 06:34 AM PST The FTSE is up only 0.12%. The CAC and DAX are up about 1% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Belgium NBB Business Climate Drops More-than-expected Posted: 24 Nov 2011 06:25 AM PST Forexpros – Belgian business confidence declined more-than-expected in November, remaining in negative territory for the seventh consecutive month, official data showed on Thursday. In a report, the National Bank of Belgium said its business climate index fell by 1.8 points to a seasonally adjusted minus 12.2 in November from a reading of minus 10.4 in October. Analysts had expected the index to decline by 0.9 points to minus 11.3 in November. Confidence among business leaders has thus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Erases Gains After Merkel Comments Posted: 24 Nov 2011 06:22 AM PST Forexpros – The euro erased gains against the yen on Thursday, falling to a six-week low after German Chancellor Angela Merkel said she still does not think common European bonds are necessary. EUR/JPY pulled back from 103.45, the days high, to hit 102.86 during European afternoon trade, shedding 0.26%. The pair was likely to find support at 101.58, the low of October 5 and resistance at 104.11, Wednesday's high. Speaking at a joint news conference with France’s Nicolas Sarkozy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sugar Futures Slump To 5-month Low On Ample Global Supplies Posted: 24 Nov 2011 06:17 AM PST Forexpros – Sugar futures fell to the lowest level since early June on Thursday, as sugar production in top grower Brazil was forecast to rise to a record next year, underlining the view that global supplies are ample. On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2316 a pound during European afternoon trade, tumbling 1.1%. It earlier fell by as much as 1.5% to trade at USD0.2302 a pound, the lowest since June 2. According to Copersucar, Brazil's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Stocks Higher, Shrug Off Portugal Downgrade; DAX Up 1.3% Posted: 24 Nov 2011 05:48 AM PST Forexpros – European stock markets were broadly higher on Thursday, after a report showed an unexpected improvement in German business confidence and as markets took in stride news that ratings agency Fitch downgraded Portugal's sovereign rating to junk status. During European afternoon trade, the EURO STOXX 50 jumped 1.05%, France's CAC 40 rose 1.15%, while Germany's DAX 30 climbed 1.3%. German research institute Ifo said earlier that its business climate index rose for the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Up On The Day But Trading At Midpoint Posted: 24 Nov 2011 05:36 AM PST The EURUSD has moved higher from the close yesterday (at 1.3341). The price high came in at 1.3410 and currently trades at the midpoint of the days range at 1.3375. The pair has moved a bit higher in the last few minutes on comments from Sarkozy that they are determined to support Italy and that France, Germany and Italy will announce a proposal for modification of the EU treaty. The details are sketchy but likely to include having an EU finance minister of overseas fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Remains Slightly Lower But Euro Vulnerable Posted: 24 Nov 2011 05:13 AM PST Forexpros – The U.S. dollar remained modestly lower against its major counterparts on Wednesday, but the euro trimmed gains against the greenback after ratings agency Fitch cut Portugal’s credit rating to junk status. During European afternoon trade, the dollar was down against the euro, with EUR/USD rising 0.17% to hit 1.3363. Fitch downgraded Portugal's sovereign rating to BB+ from BBB-, saying it expects gross domestic product to contract by 3% in 2012, making the government’s deficit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Clings To Gains As Euro Zone Concerns Weigh Posted: 24 Nov 2011 04:56 AM PST Forexpros – The pound clung to small gains against the U.S. dollar on Thursday, hovering just above a seven-week low but concerns over the euro zone debt crisis continued to weigh after ratings agency Fitch downgraded Portugal to junk status. GBP/USD hit 1.5567 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.5542, rising 0.11%. Cable was likely to find short-term support at 1.5494, Wednesday's low and a seven-week low and resistance at 1.5655, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. CBI Industrial Order Expectations Dip Posted: 24 Nov 2011 04:10 AM PST Forexpros – U.K. industrial order expectations deteriorated slightly in November, steadying following the previous month's sharp drop, industry data showed on Thursday. In a report, the Confederation of British Industry said its index of industrial order expectations declined to minus 19.0 in November, in line with expectations and down from a reading of minus 18.0 in October. On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Holds Gains After Portugal Downgrade Posted: 24 Nov 2011 04:02 AM PST Forexpros – The euro held gains against the U.S. dollar on Thursday, after ratings agency Fitch downgraded Portugal's sovereign rating to junk status, citing large fiscal imbalances and high debts. EUR/USD hit 1.3411 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.3404, gaining 0.46%. The pair was likely to find support at 1.3319, Wednesday's low and a seven-week low and resistance at 1.3530, Wednesday's high. Fitch cut Portugal to BB+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Wheat Drops To 4-month Low On Weak Demand For U.S. Supplies Posted: 24 Nov 2011 03:44 AM PST Forexpros – Wheat futures tumbled in thin holiday trade on Thursday, falling to the lowest level since early July as increasing competition for U.S. wheat exports and growing fears over the global economic outlook drove prices lower. On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD5.7950 a bushel during European morning trade, tumbling 2.31%. It earlier fell by as much as 2.83% to trade at USD5.7738 a bushel, the lowest since July 1. Wheat prices came … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Euro Regains Ground But Debt Fears Cap Gains Posted: 24 Nov 2011 03:05 AM PST Forexpros – The euro regained ground against its major counterparts on Thursday after better-than-expected German business confidence data but the shared currency remained vulnerable amid fears over debt contagion to core economies. During European morning trade, the euro was slightly higher against the U.S. dollar, with EUR/USD rising 0.18% to hit 1.3365. The euro found support after German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 106.6 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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