Monday, November 21, 2011

DailyMarkets.com - Forex Trading: USDSGD In A Steep Rally

DailyMarkets.com - Forex Trading: USDSGD In A Steep Rally

Forex Trading: USDSGD In A Steep Rally

Posted: 21 Nov 2011 05:35 PM PST

The trendline support for the USDSGD pair from the end of October has denoted a steep ascent and now we see the pair trading on the trendline and 76.4% retracement of the October move. The pair and the USD could find support here or we can see the pair trade back down to the 50% level of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Resistance Broken

Posted: 21 Nov 2011 05:35 PM PST

The USDCNH triangle we have been reviewing for weeks has finally been broken to the upside. If the pair is to appreciate it will have former trendline support and the 200 day moving average to contend with, stay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD Pushing LT Trendline

Posted: 21 Nov 2011 05:35 PM PST

The USDHKD pair below has pushed up against trendline resistance right above the 61.8% retracement of the move from September highs. A move above resistance could bring the late summer highs back into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Uncontained, Again.

Posted: 21 Nov 2011 05:31 PM PST

It may have originated in the eurozone, but the current crisis looks to be following along the lines of the one that began in the U.S. subprime mortgage market four years ago. That is, a problem that authorities assured us was “contained” (the Bernank’s famous last word) and resolvable has morphed into one that is uncontained and more dangerous by the day.
As the chart shows, an average of credit default swap (CDS) spreads for 71 countries around the world has now surpassed the peak seen in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 21 Nov 2011 04:35 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 76.95, up 0.09% at time of writing.

The pair was likely to find support at 76.58, Friday's low, and resistance at 77.08, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.02% to hit 1.3492 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 21 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3486, down 0.02% at time of writing.

The pair was likely to find support at 1.3424, Thursday's low, and resistance at 1.3614, Friday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8623 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nobody Is Blinking, Unfortunately

Posted: 21 Nov 2011 04:07 PM PST

Back during the debt-limit debate (July 18) that threatened to result in default or debt downgrading, I posted a blog with the title, "Who Cares Enough to Blink?" I was referring to King Solomon's decision to split the baby in half, with the real mother's backing off to save her child. The one who cared the most blinked for the greater good.
Neither side on the Super-Committee blinked. The greater good was not served. A similar stand-off is going on in the Euro zone. The European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM To Pour Funds Into Spring Hill Plant

Posted: 21 Nov 2011 03:58 PM PST

11/21/11 General Motors plans to reopen and expand its Tennessee plant. Hundreds of jobs will be created over the course of the plant’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 21 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7482, up 0.15% at time of writing.

The pair was likely to find support at 0.7450, today's low, and resistance at 0.7724, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.12% to hit 1.3158 and EUR/NZD falling 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HON To Improve Heathrow Terminal

Posted: 21 Nov 2011 03:30 PM PST

Honeywell International Inc. (NYSE:HON) will be providing an integrated fire safety, public address and voice alarm system, together with advanced lighting controls and building management systems for mechanical and electrical operations, to the Heathrow's new Terminal 2. The $21.7 million contract for the new integrated system will enhance the new terminals energy efficiency, customer safety and comfort.
The safety system will help in evacuating in a planned manner in case of emergency. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh & McLennan Buys Seitlin Insurance

Posted: 21 Nov 2011 03:20 PM PST

Expanding its employee benefits coverage, yesterday, Marsh & McLennan Companies Inc.'s (NYSE:MMC) Marsh & McLennan Agency LLC (MMA) announced the acquisition of a leading South Florida-based Seitlin Insurance. However, the terms and financials of the deal remain concealed. MMA is a subsidiary of MMC's leading insurance brokerage wing– Marsh Inc.
With $24 million in annual revenue and about 119 sales personnel, Seitlin has been offering property and casualty insurance and employee … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Debt Fears, GDP And Fed On Tap

Posted: 21 Nov 2011 03:20 PM PST

11/21/11 In this holiday-shortened week, developments over EU and US debt woes will be digested. US Q3 GDP data and the FOMC minutes also highlight Tuesday’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Simon Agrees To Form JV

Posted: 21 Nov 2011 03:11 PM PST

Simon Property Group, Inc. (NYSE:SPG), Woodmont Outlets and EWB Development LLC recently agreed to create a joint venture agreement for the development, construction, leasing and management of St. Louis Premium Outlets. Simon Property will own a 60% stake in this project.
The new upscale outlet center which is spread across 55 acres will anchor the mixed-use property under development named Chesterfield Blue Valley in Chesterfield, Missouri. The new outlet center is a part of Simon Property … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Gains Over Time In The Energy-Efficiency Of Household Appliances Make Us Better Off

Posted: 21 Nov 2011 03:01 PM PST

The chart above shows the dramatic gains in energy efficiency over the last 20 years for clothes washers and dishwashers, based on historical data from the Association of Home Appliance Manufacturers.  In the 11-year period between 1993 and 2004, the energy efficiency of clothes washers doubled from 2.71 kWh/cycle to 1.22 kWh/cycle, and then doubled again in the six year period from 2004 to 2010 to 0.66 kWh/cycle.  The increase in energy efficiency for dishwashers has been less … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yum! Clears Share Buyback

Posted: 21 Nov 2011 02:59 PM PST

Louisville, Kentucky-based Yum! Brands Inc. (NYSE:YUM) recently announced that its board has approved the share repurchase of an additional $750 million. The company has been consistently enhancing shareholders' returns. The world's largest restaurant company will buy back shares over the next 18 months.
The owner of KFC, Pizza Hut and Taco Bell chains currently has $250 million of share buyback remaining under the $750 million share repurchase authorized by the board in January 2011. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘Arrested Development’ On Netflix

Posted: 21 Nov 2011 02:51 PM PST

Netflix Inc. (NASDAQ:NFLX) continued to add to its content with the signing of an agreement with Twentieth Century Fox Television and Imagine Television. The deal allows Netflix to exclusively air all new episodes of "Arrested Development," an Emmy Award-winning comedy series. Starting in 2013, Netflix subscribers in the U.S would be able to stream the first-run episodes of the series instantly.
Besides the Emmy Award, "Arrested Development" was included in the Time Magazine's ''100 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Case For Presidential Nominee Clinton

Posted: 21 Nov 2011 02:38 PM PST

“We write as patriots and Democrats—concerned about the fate of our party and, most of all, our country. We do not write as people who have been in contact with Mrs. Clinton or her political operation. Nor would we expect to be directly involved in any Clinton campaign.

When Harry Truman and Lyndon Johnson accepted the reality that they could not effectively govern the nation if they sought re-election to the White House, both men took the moral high ground and decided against running for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Few Trade Ideas For Tuesday, Nov 22

Posted: 21 Nov 2011 02:36 PM PST

  ( click to enlarge )

From a technical standpoint, the chart of Sirius XM Radio Inc. (NASDAQ:SIRI) is now much improved after today's action. The MACD has reversed again the course and stock is above all of its major moving averages. For nearly four months the stock has been trading in a tight range. If it clears resistance the move may be powerful. 

  ( click to enlarge )

Shares of Reynolds American, Inc. (NYSE:RAI) made a new 52 week high today closing at $40.55 on heavy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: 3M Company

Posted: 21 Nov 2011 02:31 PM PST

3M Company (NYSE:MMM) reported modest results for the third quarter of 2011. The company achieved year-over-year top-line growth of 9.6%, as five out of six segments saw revenue growth. The bottom-line slipped 1% however, missing our estimate by 9 cents.
Third Quarter Highlights
Total revenue in the quarter increased 9.6% year over year to $7.5 billion. Acquisitions contributed 3.7% to total growth, foreign exchange added 3.1%, organic volume growth 1.9% and higher year-on-year selling prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Target

Posted: 21 Nov 2011 02:21 PM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted better-than-expected third-quarter 2011 results on the heels of higher sales and improved profitability across its credit card business.
Street analysts had enough time to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well as the Zacks Rank and long-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smucker’s Recalls Peanut Butter

Posted: 21 Nov 2011 02:21 PM PST

The suspicion of the presence of salmonella contamination in Natural Peanut Butter Chunky has urged the Ohio-based J.M. Smucker Co. (NYSE:SJM) to recall thousands of jars distributed in many states.
Smucker had distributed 3000 jars of chunky butter of 16 ounces each in around 25 states. However, about 16000 potentially contaminated jars are still in Smucker's warehouse.
As per the Food and Drug Administration reports, Smucker believes that the Chunky peanut butter procured from November 8 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Blackberry Failures Puts Pressure On RIM

Posted: 21 Nov 2011 02:15 PM PST

11/21/11 The combination of analyst cuts to profit forecasts and a failure of devices to turn on, led the way for Research in Motion to post a more than 6% slide this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MoneyGram Prices Secondary Offering

Posted: 21 Nov 2011 02:12 PM PST

On Friday, MoneyGram International Inc. (NYSE:MGI) announced a secondary offering of 9.25 million shares that were owned by investors of private equity firm Thomas H. Lee Partners and investment bank Goldman Sachs Group Inc. (NYSE:GS) under the recapitalization program, which was initiated during the second quarter of 2011.
Accordingly, the secondary share issue is priced at $16.25 per share, which was its last trading price, taking the share offering to about $150.3 million. Additionally, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jim Himes Co-Sponsors Legislation To Stop Congressional Insider Trading N

Posted: 21 Nov 2011 02:10 PM PST

A week ago I wrote Sense on Cents Calls Out Congress to Pass H. R. 1148 Outlawing Congressional Insider Trading. Shortly after writing my commentary, I highlighted that,

I called my Congressman Jim Himes (D-CT) this afternoon and informed his spokesman of my initiative here at Sense on Cents. I let him know that Jim's name will be published here at Sense on Cents as supporting this legislation or not. I got his spokesman's attention and let him know how great the blogosphere was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Applied Materials: Murky Outlook

Posted: 21 Nov 2011 02:06 PM PST

Applied Materials' (NASDAQ:AMAT) fourth quarter pro forma earnings were in line with the Zacks Consensus Estimate. Revenues were slightly more positive, beating consensus expectations by 1.5%.
Revenue
Applied reported revenue of $2.18 billion, which was down 21.7% sequentially, 24.4% year over year and within the guided range of a 15-30% sequential decline.
Only the SSG segment performed in line with expectations in the last quarter. AGS exceeded expectations, while the other two segments fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Plunges As Super Committee Stalls

Posted: 21 Nov 2011 09:00 AM PST

11/21/11 NYFP’s Closing Bell Report: As the super committee failed to reach an agreement regarding debt cutting measures, the Big Board took a hit, dropping nearly 250 points to close out the … [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: 21 Nov 2011 01:55 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3489, down 0.27% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3614, Friday's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hewlett-Packard Clears Low Hurdle In Q4

Posted: 21 Nov 2011 01:51 PM PST

Considering that PC giant Hewlett-Packard (NYSE:HPQ) wallowed through a shake-up in its front office, replacing CEO Leo Apotheker — after he announced H-P would be getting out of its core PC business — with former eBay (NASDAQ:EBAY) CEO Meg Whitman — who almost immediately announced H-P would retain the business after all — the company’s modest beat on both top and bottom lines look pretty good for the company’s fiscal 4th quarter 2011 (ended October). Earnings per share (EPS) of $1.17 beat the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

L-3 Communications Raises Funds

Posted: 21 Nov 2011 01:51 PM PST

L-3 Communications Holdings Inc. (NYSE:LLL) announced that L-3 Communications Corporation, its wholly owned subsidiary, has made an public offering of 3.95% Senior Notes worth $500 million due November 15, 2016.
L-3 Communications' intends to use the net proceeds from the offering to redeem $500 million of its outstanding $1 billion aggregate principal amount of 6.375% Senior Subordinated Notes due 2015. However, the offer will refinance the half the outstanding notes due 2015. The 2.425% fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Steps Into Suriname

Posted: 21 Nov 2011 01:51 PM PST

Norwegian oil giant  Statoil ASA (NYSE:STO) entered into an agreement with U.K. based oil firm, Tullow Oil, to buy 30% participating interest of the latter in offshore Block 47 in Suriname, a country situated on the northeastern coast of South America. The financial terms of the deal were not disclosed.
Located in the Guyana basin, about 167.8 miles to the north of mainland Suriname, the block lies in water depth of 4265.1 feet to 9842.5 feet. Tullow Oil is slated to commence seismic survey … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America Movil To Lower MTRs Further

Posted: 21 Nov 2011 01:16 PM PST

The Latin American telecom giant, America Movil (AMX), has planned to further lower its interconnection charges through 2013. Next year, Mobile Termination Rates (MTRs) are likely to be lowered by 3 Mexican cents to 36.18 Mexican cents from 39.12 Mexican cents. Further, it plans to reduce MTRs to 33.05 Mexican cents and 30.94 Mexican cents in 2013 and 2014, respectively.
As a reminder, America Movil already reduced its MTRs by 70% to 39.12 Mexican cents from 95.00 Mexican cents in May, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.11%

Posted: 21 Nov 2011 01:15 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 2.11%, the S&P 500 index shed 1.86%, while the Nasdaq 100 index declined 1.90%.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was revised down from 4.91M.

Analysts had expected existing home sales to fall to 4.80M … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Murphy Oil

Posted: 21 Nov 2011 01:10 PM PST

We maintain our long-term Neutral recommendation on Murphy Oil Corporation (NYSE:MUR) as the company continues to operate in a very competitive environment with peers having greater resources, which continues to impact Murphy's profitability and ability to expand.
The company’s success in the oil and gas sector hinges on its ability to replenish reserves with new findings. Profitability is seriously hampered by the company's inability to find new resource and unsuccessful drilling. Failed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

60 Minutes Segment On Grover Norquist

Posted: 21 Nov 2011 01:07 PM PST

(CBS News – 60 Minutes) “As head of Americans for Tax Reform since 1986, Grover Norquist has transformed a single issue – preventing tax hikes – into one of the key platforms of the Republican Party. As Steve Kroft reports in the video above, his biggest coup was getting more than 270 members of Congress, and nearly all of the 2012 Republican presidential primary candidates, to sign a pledge promising never to vote to raise taxes. But some opponents say the pledge may be hindering a solution … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Treasury Gets $12.2M From Warrants

Posted: 21 Nov 2011 01:04 PM PST

The Treasury Department reported on Friday that after selling the warrants of 17 banks, the department raised $12.2 million. These banks received government support during the financial crisis as part of their participation in the $700 billion Troubled Asset Relief Program (TARP). The program was initiated more than two years ago to rescue the nation's financial industry.
These 17 banks were aided with about $1 billion during the crisis in 2008 and 2009. All these banks have repaid their TARP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 21 Nov 2011 12:55 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Monday after the release of U.S. data on Existing Home Sales.

GBP/USD was trading at 1.5652, down 0.98% at time of writing.

The pair was likely to find support at 1.5613, today's low, and resistance at 1.5888, Friday's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A.M. Best Upgrades MetLife

Posted: 21 Nov 2011 12:50 PM PST

Rating agency A.M. Best affirmed the credit and financial strength ratings (FSR) of  MetLife Inc. (NYSE:MET) and its subsidiaries last week, while upgrading its outlook to stable from negative. This reflects the company's consistent growth from the ALICO acquisition in a low rate interest environment.
Accordingly, A.M. Best maintained MetLife's debt ratings along with the issuer credit rating (ICR) of "a-", while its life and health insurance subsidiaries' ICR and FSR have been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lessons From Canada: It Fixed Its Fiscal Problems With 7:1 Ratio Of Spending Cuts ToTax Increases

Posted: 21 Nov 2011 12:49 PM PST

Some excerpts from a very lengthy, but excellent Reuters article “Insight: Lessons for U.S. from Canada’s “Basket Case” Moment”:

“Canada’s shift from pariah to fiscal darling provides lessons for Washington as lawmakers find few easy answers to the huge U.S. deficit and debt burden. “Everyone wants to know how we did it,” said political economist Brian Lee Crowley, head of the Ottawa-based thinktank Macdonald-Laurier Institute, who has examined the lessons of the 1990s.

To win its budget … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 21 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday after the release of U.S. data on Existing Home Sales.

USD/CHF was trading at 0.9164, down 0.02% at time of writing.

The pair was likely to find support at 0.9086, Friday's low, and resistance at 0.9236, Thursday's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eastman Expands Production Capacity

Posted: 21 Nov 2011 12:26 PM PST

Eastman Chemical Company (NYSE:EMN) has announced that it has completed the expansion of its facility for hydrogenated hydrocarbon resins located in Middelburg, Netherlands. This is the third expansion to its Regalite hydrogenated hydrocarbon resins. This expansion has increased the capacity of the Middelburg facility two fold since 2006.
The enhanced capacity will enable the company to meet the growing demand from consumers and will also help in ensuring reliable and continuous supply of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Baxter Hikes Quarterly Dividend

Posted: 21 Nov 2011 12:16 PM PST

Baxter International (NYSE:BAX) recently revealed that its Board of Directors announced an increase in its quarterly dividend to 33.5 cents for each common share from the previous dividend of 31 cents. The dividend is payable as of January 4, 2012, to shareholders of record as of the close of business on December 9, 2011. The revised quarterly dividend amounts to an annual dividend of $1.34 per share, which is an increase of about 8% over the previous annual dividend of $1.24.
Baxter's cash flow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 21 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on Existing Home Sales.

USD/CAD was trading at 1.0385, up 1.06% at time of writing.

The pair was likely to find support at 1.0172, Wednesday's low, and resistance at 1.0419, today's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold And Silver, Oversold And Reaching Long Term Support

Posted: 21 Nov 2011 12:04 PM PST

The Dow and S&P 500 is reversing lower as leaders in Washington fail to make the necessary cuts. Whether this is a new leg lower in a confirmed bear market remains to be seen. For the time being the downward move in equities might cause a decline in gold and silver bullion as well as the junior miners.  Investors may be forced to sell the good resource stocks with the bad stocks.
For several months we have seen Europe's Debt Crisis worsening. The large caps in Europe are down close … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Columbia, South Carolina Food Trucks Win Victory Over Protectionist Restaurant Association

Posted: 21 Nov 2011 11:59 AM PST

COLUMBIA, SC – “The new guys in the food game were served a victory at Columbia city council Tuesday night.

A nearly two-hour public hearing on proposals by the Columbia Restaurant Association to keep the increasingly popular food trucks from parking too close to traditional restaurants ended with council voting 5-1 to adopt an ordinance drawn up by the city’s planning commission that included none of the restaurant association’s extreme measures.”

In the video above, Scott Hall, owner … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 21 Nov 2011 11:45 AM PST

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3506, down 0.14% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3614, Friday's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 21 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on Existing Home Sales.

AUD/USD was trading at 0.9846, down 1.63% at time of writing.

The pair was likely to find support at 0.9809, today's low, and resistance at 1.0184, Wednesday's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, November 22, 2011

Posted: 21 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, November 22, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.47
− 2.27
9.64
9.97

Bearish

AXP – American Express Company
46.06
− 1.75
46.62
47.87

Bearish

BA – Boeing Co
65.56
− 2.82
66.27
67.28

Bearish

BAC – Bank of America Corporation
5.49
− 5.02
5.74
5.92

Bearish

CAT – Caterpillar Inc
91.12
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, November 22, 2011

Posted: 21 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, November 22, 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
109.60
− 0.02
109.64
109.69

Bearish

BND – Vanguard Total Bond Market ETF
83.60
− 0.02
83.62
83.58

Neutral

DBC – DB Commodity Index Tracking Fd
27.09
− 0.73
27.27
27.54

Bearish

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

The Trend Trader For Forex Trading On Tuesday, November 22, 2011

Posted: 21 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, November 22, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9841
− 1.63
0.9980
1.0103

Bearish

EURUSD – Euro / US Dollar
1.3492
− 0.23
1.3496
1.3583

Bearish

GBPUSD – British Pound / US Dollar
1.5639
− 1.02
1.5748
1.5860

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0393
+ 1.18
1.0293
1.0217

Bullish

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

Daily Indices Update: STOXX50

Posted: 21 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
After forming a support base on the 30-minute chart, the STOXX50 Index CFD broke out to the upside through the resistance line of pennant chart pattern. In what could be the start of a counter-trend rally because of the size of the recent sell-off, the market could be poised for a rally into the Autochartist target zone at 2192.47 to 2230.22.

The overall quality of this chart pattern is an impressive 9-bars. The initial trend which was up prior to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, November 22, 2011

Posted: 21 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, November 22, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1190.75
− 1.92
1207.86
1227.58

Bearish

Dow Jones – Dec YMZ1
11525
− 2.06
11688
11846

Bearish

Nasdaq – Dec NQZ1
2213.50
− 1.61
2249.17
2291.00

Bearish

Russell – Dec TFZ1
701.10
− 2.42
713.61
726.37

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
143-19
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Daily Commodities Update: US Crude Oil

Posted: 21 Nov 2011 12:03 AM PST

By ForexMansion.com

By Jonah S. Ford
More bloodletting in the stock market set the tone for the commodities sector in Monday's trading, with nearly all markets trading in the red as European and US equities plunged. The energy complex appears especially hard hit by the bearish price action. US Crude Oil futures corrected sharply and may be on track for an approach to the major support, identified on the Autochartist Key Level platform as illustrated here on the 240-minute candlestick … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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