Monday, November 7, 2011

DailyMarkets.com - Forex Trading: USDHKD

DailyMarkets.com - Forex Trading: USDHKD

Forex Trading: USDHKD

Posted: 07 Nov 2011 05:33 PM PST

The USDHKD pair has traded off some trendlines as it has reflected the USD's strength and weakness in the market throughout November. Here are a few short-term indicators to watch as we see converging hourly moving averages in a consolidating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Dips In Early Asian Trade

Posted: 07 Nov 2011 04:56 PM PST

Forexpros –
Forexpros – Crude oil futures retreated in Asian trade Tuesday, after hitting their highest level since July as traders cast an eye toward upcoming outlooks from major oil agencies and the latest production figures from Libya.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD95.77 a barrel during early Asian trade, sagging 0.18%, after hitting a daily high of USD95.94.

Developments in Europe drew considerable attention from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data

Posted: 07 Nov 2011 04:45 PM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on Trade Balance.

AUD/USD was trading at 1.0351, down 0.26% at time of writing.

The pair was likely to find support at 1.0204, Thursday's low, and resistance at 1.0446, Thursday's high.

Earlier in the day, official data showed that Australia's trade balance rose less-than-expected to a seasonally adjusted 2.56B last month from 3.10B in the preceding month.

Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australia’s Trade Balance Rises Less-than-expected

Posted: 07 Nov 2011 04:40 PM PST

Forexpros – Australia's trade balance rose less-than-expected last month, official data showed on Tuesday.

In a report, Australian Bureau of Statistics said that Australia's trade balance rose to a seasonally adjusted 2.56B, from 3.10B in the preceding month.

Analysts had expected Australia's trade balance to rise 3.00B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Pares Gains In Early Asian Trade

Posted: 07 Nov 2011 04:17 PM PST

Forexpros –
Forexpros – Gold futures moved lower in Asian trade Tuesday, retreating from a six-week high as political uncertainty in Greece and Italy helped lift investor enthusiasm for the safe-haven precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,794.25 a troy ounce during early Asian trade, falling 0.19%, after hitting a high of USDS1,796.95, its highest level since September 21.

Over the weekend, Greek Prime … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 07 Nov 2011 04:10 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3758, down 0.13% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8571 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. RICS House Price Balance Falls Unexpectedly

Posted: 07 Nov 2011 04:10 PM PST

Forexpros – The U.K.'s RICS house price balance fell unexpectedly last month, industry data showed on Tuesday.

In a report, RICS said that U.K. RICS house price balance fell to a seasonally adjusted -24%, from -23% in the preceding month.

Analysts had expected U.K. RICS house price balance to remain unchanged at -23% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is Jon Corzine “Too Big To Be Indicted”? Part II

Posted: 07 Nov 2011 04:01 PM PST

My commentary Is Jon Corzine "Too Big To Be Indicted"? generated a number of personal messages from many within the financial services industry.
I thank all those who took the time to share with me their concerns about the seeming violation of customer accounts at the now bankrupt firm MF Global.
Without the sense and belief in the safety and integrity of deposits and assets, I firmly believe customers would pull their funds and investments from any and all institutions in a heartbeat. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Barnes & Noble Launches Nook Tablet

Posted: 07 Nov 2011 03:58 PM PST

11/07/11 The Nook Tablet entered the tablet market ahead of the holiday shopping season. The device sports some handy and impressive features for the price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips In Early Asian Trade

Posted: 07 Nov 2011 03:36 PM PST

Forexpros –
Forexpros – The euro moved modestly lower against the U.S. dollar in Asian trade Tuesday, as a looming fresh Greek government and encouraging remarks from a European Central Bank official helped lift prospects for a near solution to the euro-zone's debt woes.

EUR/USD hit 1.3766 in early Asian trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.3769, falling 0.07%.

The pair was likely to find support at 1.3654, last Wednesday's low, and resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 07 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7958, down 0.14% at time of writing.

The pair was likely to find support at 0.7806, Thursday's low, and resistance at 0.7998, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.01% to hit 1.3025 and EUR/NZD rising 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Italy’s Berlusconi Faces Key Vote

Posted: 07 Nov 2011 03:20 PM PST

11/07/11 Berlusconi’s budget and confidence vote will be in focus, as Italy’s PM faces pressure to resign. US earnings and data releases will be fairly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: Nokia

Posted: 07 Nov 2011 03:00 PM PST

Nokia Corporation (NYSE:NOK), the largest mobile phone manufacturer in the world, declared relatively strong third quarter 2011 financial results, beating both the top-line and bottom-line expectations. This encouraging performance was primarily attributable to better-than-expected sales of basic mobile phones mainly in the emerging nations.
Recently, the company launched its much-hyped Microsoft Corp.'s (NASDAQ:MSFT) Windows Phone 7 based smartphones called Nokia Lumia 800 and Nokia Lumia 710. Going … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Target Date Set For Vivus Drug

Posted: 07 Nov 2011 02:50 PM PST

Vivus Inc. (NASDAQ:VVUS) recently announced the acceptance of the company's new drug application (NDA) for Qnexa by the US Food and Drug Administration (FDA) for review. The regulatory body has set a target date of April 17, 2012 for the application. The FDA's advisory committee is expected to meet in the first quarter of 2012, to discuss the NDA.
Vivus resubmitted the application on October 17, 2011, seeking approval for the use of Qnexa for the treatment of obesity, including weight loss and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepsi Partners Tingyi In China

Posted: 07 Nov 2011 02:50 PM PST

As a part of its strategy to spread across China, the U.S. based leading global food and drinks company, Pepsico Inc. (NYSE:PEP) has decided to team up with Tianjin-based Taiwanese beverage company, Tingyi Holding, and sold its Chinese bottling operations to the latter.
As part of the deal, Pepsi will transfer its indirect equity interests in the bottler to Tingyi.  Tingyi Holding’s affiliate company, Tingyi-Asahi Beverages (TAB) Holding, will be appointed as Pepsi’s franchise bottler in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cosan To Buyback 2.6M Stock

Posted: 07 Nov 2011 02:30 PM PST

Brazilian sugar and ethanol producer, Cosan Limited (NYSE:CZZ) recently received its Board of Directors' approval for the renewal of its share buyback program. Pursuant to the approval, Cosan can buyback roughly 2.6 million shares (or 0.6% of the company's outstanding shares) to be held in treasury for future sale or cancellation. The buyback program remains valid till November 3, 2012.
Of late, the company was granted approval for buyback of approximately $100 million worth of shares from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Tuesday, Nov 8

Posted: 07 Nov 2011 02:23 PM PST

( click to enlarge )

Majesco Entertainment Co. (NASDAQ:COOL) closed up on high volume a sign that investors are still buying the stock. The technical chart is also showing bullish signs. The MACD indicator made a bullish crossover recently and RSI has more room to rise before it reaches overbought territory. +DI is also above –DI, it indicates a continuation of the up trend. Resistance is now at 3.59 followed by 4.53 ( June 13 High).

 ( click to enlarge )

The medium-term outlook for MELA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

First Solar, NRG In Solar Project

Posted: 07 Nov 2011 02:15 PM PST

First Solar Inc. (NASDAQ:FSLR) has entered into an agreement with NRG Energy Inc. (NYSE:NRG) to provide engineering, procurement and construction ("EPC") services to NRG’s Alpine solar project in Lancaster, California. Per the agreement, the company will also provide operations and maintenance ("O&M") services to the 66 megawatt ("AC") solar project.
NRG is a pioneer in developing cleaner and smarter energy choices for its customers as one of the largest solar power developers in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MDT Begins CoreValve Trial In Japan

Posted: 07 Nov 2011 02:07 PM PST

Leading medical devices player, Medtronic (NYSE:MDT) has begun a clinical trial of its CoreValve system in Japan. The system provides a treatment option for patients with symptomatic, severe aortic stenosis who are at high risk, or are ineligible, for open-heart surgery.
The CoreValve system has been implanted in patients in more than 50 countries outside the US since it received CE Mark approval in March 2007. It is estimated that about 300,000 people are diagnosed with the disease globally, of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Start For The Dow On EU Reports

Posted: 07 Nov 2011 09:00 AM PST

11/07/11 NYFP’s Closing Bell Report: The Dow Jones started the new week in the green despite mixed reports out of the EU as investors chose to focus on signs of stability in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 07 Nov 2011 01:55 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3776, down 0.13% at time of writing.

The pair was likely to find support at 1.3654, Wednesday's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8580 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Aimco

Posted: 07 Nov 2011 01:50 PM PST

Apartment Investment and Management Company (NYSE:AIV), popularly known as Aimco, reported third quarter 2011 funds from operations (FFO) of $43.6 million or 36 cents per share compared with $48.9 million or 42 cents per share in the year-ago period.
Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the recent earnings announcement, as well as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Layer

Posted: 07 Nov 2011 01:48 PM PST

In his latest Weekly Market Comment, John Hussman, president and principal shareholder of Hussman Econometrics Advisors, the investment advisory firm that manages the Hussman Funds, adds another layer of data to the “debate” — actually, the one-sided argument — about where things are headed next:
Our broadest models (both ensembles and probit models) continue to imply a probability of oncoming recession near 100%. It’s important to recognize, though, that there is such a uniformity of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A.M. Best Affirms CNO Ratings

Posted: 07 Nov 2011 01:36 PM PST

On Friday, rating agency A.M. Best Co. affirmed the credit and debt ratings of CNO Financial Group Inc. (NYSE:CNO) and its subsidiaries. The company's subsidiaries include Bankers Life and Casualty Company, Bankers Conseco Life Insurance Company, Colonial Penn Life Insurance Company, Washington National Insurance Company and Conseco Life Insurance Company.
A.M. Best affirmed the issuer credit ratings (ICR) of "bbb-" and financial strength ratings (FSR) of "B+" for all of CNO's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impella Pumps Up Abiomed

Posted: 07 Nov 2011 01:25 PM PST

Leading cardiac assist devices maker Abiomed's (NASDAQ:ABMD) second-quarter fiscal 2012 adjusted (excluding one-time items other than stock-based compensation expenses) earnings per share of 3 cents outperformed the Zacks Consensus Estimate of a loss of 8 cents as the company saw robust sales for its popular Impella cardiac pumps.
On a reported basis, Abiomed turned in a profit in the quarter riding on record sales. The company posted a profit of $0.6 million (or 2 cents a share) versus a loss of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet Hikes Notes Issue

Posted: 07 Nov 2011 01:11 PM PST

On Friday, Tenet Healthcare Corporation (NYSE:THC) announced an increase in the issue size of its senior secured notes, due 2018, to $900 million from $750 million, as announced earlier the same day. The notes will be issued through private placement and will carry an annual interest rate of 6.25%.
The proceeds of the issue is likely to be used for part repayment of the principal, premium and interest on the 9% senior secured notes due in 2015, which had an outstanding principal of $714 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.71%

Posted: 07 Nov 2011 01:10 PM PST

Forexpros – U.S. stocks were up after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.71%, the S&P 500 index gained 0.63%, while the Nasdaq 100 index climbed 0.62%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 0.64%; Germany's DAX shed 0.63%; Britain's FTSE 100 declined 0.30%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chairman Of China’s SWF Lectures Europe On The Accumulated Troubles Of Worn-Out Welfare State

Posted: 07 Nov 2011 01:08 PM PST

At about 12:30 in the interview above with Aljazeera (link here), Jin Liqun, the chairman of China’s sovereign wealth fund, gets tough with Europe and criticizes its welfare state:

“If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labor laws are outdated. The labor laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack.

Why … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Plans To Sell More CCB

Posted: 07 Nov 2011 01:06 PM PST

On Monday, The South China Morning Post reported that Bank of America Corp. (NYSE:BAC) is planning to further lower its stake in China Construction Bank ("CCB"). Though the officials at BofA and CCB declined to comment, persons familiar with the matter stated that BofA officials had conveyed to CCB that the company is planning to sell a part of its remaining 5% stake.
BofA's primary intention behind continuously reducing CCB stake is to boost its capital position and strengthen its balance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: CMS Energy

Posted: 07 Nov 2011 01:06 PM PST

On October 28, 2011, CMS Energy Corporation (NYSE:CMS), the Michigan-based public utility holding company, posted mixed third-quarter 2011 results.
In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Quarterly Review
CMS Energy in the third-quarter 2011 reported an adjusted EPS of 53 cents per share, 2 cents above the Zacks Consensus Estimate and a penny above the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Recalls 38k Vehicles On Faulty Airbag

Posted: 07 Nov 2011 08:00 AM PST

11/07/11 General Motors is recalling 38,444 2008-’09 Pontiac G8′s in order to fix a defective airbag … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The U.S. Session

Posted: 07 Nov 2011 12:55 PM PST

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

GBP/USD was trading at 1.6054, up 0.12% at time of writing.

The pair was likely to find support at 1.5877, Thursday's low, and resistance at 1.6079, today's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8581 and GBP/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Plans More Stake Sell In CCB

Posted: 07 Nov 2011 12:50 PM PST

On Monday, The South China Morning Post reported that Bank of America Corp. (NYSE:BAC) is planning to further lower its stake in China Construction Bank ("CCB"). Though the officials at BofA and CCB declined to comment, persons familiar with the matter stated that BofA officials had conveyed to CCB that the company is planning to sell a part of its remaining 5% stake.
BofA's primary intention behind continuously reducing CCB stake is to boost its capital position and strengthen its balance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Solta Closes Medicis Unit Buy

Posted: 07 Nov 2011 12:35 PM PST

Aesthetic laser treatments provider Solta Medical (SLTM) has wrapped up its acquisition of all outstanding shares of Medicis Technologies Corporation, a unit of specialty pharmaceutical company Medicis Pharmaceutical Corporation (NYSE:MRX), under a deal worth roughly $35 million.
The acquisition provides Solta with Medicis' LIPOSONIX system, which uses advanced non-invasive ultrasound energy to reduce abdominal fat. LIPOSONIX is not a replacement for liposuction surgery but offers a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours

Posted: 07 Nov 2011 12:30 PM PST

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

USD/CHF was trading at 0.9016, up 1.93% at time of writing.

The pair was likely to find support at 0.8762, Thursday's low, and resistance at 0.9031, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3767 and USD/JPY falling 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AMD To Cut 10% Workforce

Posted: 07 Nov 2011 12:20 PM PST

Advanced Micro Devices Inc.(NYSE:AMD) plans to eliminate 10% of its workforce or about 1,400 jobs in order to reduce operational costs. This layoff is an attempt by AMD to optimize its cost structure and thereby improve its competitiveness.
The workforce reduction is expected to be over by the first quarter of 2012 and will be conducted globally across all its divisions. Along with other unspecified operational changes, the layoffs are expected to save $200 million in 2012.
Management is looking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 07 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday.

USD/CAD was trading at 1.0133, down 0.54% at time of writing.

The pair was likely to find support at 1.0056, Thursday's low, and resistance at 1.0229, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.08% to hit 1.3782 and GBP/USD rising 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 07 Nov 2011 11:45 AM PST

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3757, down 0.26% at time of writing.

The pair was likely to find support at 1.3654, Wednesday's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.28% to hit 0.8578 and EUR/JPY falling 0.46% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 07 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0360, down 0.12% at time of writing.

The pair was likely to find support at 1.0204, Thursday's low, and resistance at 1.0446, Thursday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.11% to hit 1.3284 and AUD/JPY falling 0.34% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Big Players…sitting Back And Waiting”

Posted: 07 Nov 2011 10:45 AM PST

11/07/11 ICAP Equities’ Kenneth Polcari discusses the latest developments in the Euro-zone as focus shifts to Italy. Today’s advance in crude oil and gold futures are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slides On Eurozone Uncertainty

Posted: 07 Nov 2011 05:00 AM PST

11/07/11 The euro continued to slide this afternoon as mixed reports out of Europe kept investors away from seeking out higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Reports Weigh Down Global Markets

Posted: 07 Nov 2011 06:15 AM PST

11/07/11 NYFP’s Morning Market Brief: European reports including the resignation of Greek PM Papandreou, rumors of Italian PM Berlusconi resigning, and another slide in German industrial production kept the global markets into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, November 8, 2011

Posted: 07 Nov 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, November 8, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.09
+ 0.08
110.07
110.02

Bullish

BND – Vanguard Total Bond Market ETF
83.91
+ 0.02
83.87
83.78

Bullish

DBC – DB Commodity Index Tracking Fd
28.40
+ 1.46
28.01
27.64

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, November 8, 2011

Posted: 07 Nov 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, November 8, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.75
− 1.65
10.80
10.77

Bearish

AXP – American Express Company
51.25
+ 0.14
51.06
50.71

Bullish

BA – Boeing Co
66.29
+ 0.74
65.74
65.22

Bullish

BAC – Bank of America Corporation
6.45
− 0.62
6.61
6.66

Bearish

CAT – Caterpillar Inc
95.00
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, November 8, 2011

Posted: 07 Nov 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, November 8, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0376
+ 0.08
1.0363
1.0428

Neutral

EURUSD – Euro / US Dollar
1.3777
− 0.04
1.3776
1.3854

Neutral

GBPUSD – British Pound / US Dollar
1.6057
+ 0.18
1.6015
1.6023

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0124
− 0.53
1.0140
1.0106

Neutral

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Japan 225 (JP225)

Posted: 07 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
A late session turnaround in the Japan 225 (JP225) stock index CFD sent the market through the resistance line of a 60-minute flag chart pattern. The move completed the pattern and set up a possible rally to the Autochartist target zone at 8812.27 to 8857.44.

The overall quality of the chart pattern is an above average 6-bars. This is led by the maximum 10-bar initial trend rating. The initial trend indicator measures the strength of the trend prior to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, November 8, 2011

Posted: 07 Nov 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, November 8, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1257.50
+ 0.52
1248.58
1242.67

Bullish

Dow Jones – Dec YMZ1
12007
+ 0.55
11922
11857

Bullish

Nasdaq – Dec NQZ1
2369.75
+ 0.80
2348.78
2340.00

Bullish

Russell – Dec TFZ1
743.50
− 0.16
740.21
735.27

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
142-00
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Corn

Posted: 07 Nov 2011 01:33 AM PST

By ForexMansion.com

By Jonah S. Ford
Corn futures have successfully completed another down leg inside of a Triangle chart pattern, illustrated here on the Autochartist platform's 240-minute time interval. As the price consolidates within the narrowing apex of this pattern, expectations of a breakout in the near term increase.

Monday's session saw a minor pullback on the price to briefly touch the rising support trend line at $6.48 per bushel. The price settled higher back inside the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3 Drivers, 2 Months, 1 Gold Rally?

Posted: 06 Nov 2011 10:00 PM PST

Federal Reserve Chairman Ben Bernanke announced last week that the Federal funds rate will stay near zero for now. He reasoned that the "low rates of resource utilization and a subdued outlook for inflation over the medium run" would likely "warrant exceptionally low levels for the federal funds rate at least through mid-2013."
This will likely translate to the real interest rate (which is the rate of interest an investor can receive on a U.S. Treasury bill after allowing for inflation) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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