DailyMarkets.com - Forex – USD/CHF Edges Higher Amid Swiss Intervention Fears

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• Forex – USD/CHF Edges Higher Amid Swiss Intervention Fears
• Copper Futures Gain Ahead Of Italian Budget Vote
• Crude Oil Looks To Italy Fiasco For Direction, Gold Weighing QE3 Bets
• Forex – EUR/GBP Slips After U.K. Manufacturing Data
• Forex – Dollar Almost Unchanged Vs. Rivals As Italy Vote Eyed
• U.K. Manufacturing Production Rises More-than-expected
• Crude Oil Rises To 3-month High With Italy, Iran In Focus
• European Stocks Edge Higher Ahead Of Italy Vote; DAX Jumps 1.78%
• Forex – GBP/USD Steady As Italy Vote Weighs On Risk Appetite
• Forex Trading: EUR/USD Testing Trend Line Resistance
• Gold Futures Steady Near Six-week High Ahead Of Italy Vote
• Forex – USD/JPY Almost Unchanged In Risk-off Trade
• Forex – NZD/USD Slips Lower Amid Italy Uncertainty
• Forex – AUD/USD Dips Ahead Of Italian Vote
• Asia Stocks Mixed As Markets Await Italy; Nikkei Down 1.3%
• Forex – EUR/USD Slips Ahead Of Italian Parliamentary Vote
• Growth & Income Stock: G&K Services, Inc.
• Bull Of The Day: Whole Foods Market (WFM)
• Bear Of The Day: Microchip Technology (MCHP)
• Aggressive Growth Stock: Hexcel Corp
• Momentum Stock: American Railcar Industries, Inc.
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Public School Teachers Are Overpaid By 52%
• Forex Trading: Usd/sgd Continues To Stay Above The 100 Day MV
• Forex – Dollar Advances In Mid-day Asian Trade
• What’s Your News IQ? Take The Test And Find Out
• Forex – USD/JPY Inches Higher In Mid-day Asian Trade
• Forex Trading: USDSGD Pressing 100hr
• Forex Trading: Usd/cnh Found Support For The Third Time.
• Forex Trading: Usd/sgd Still Trading In Downward Channel
• Asian Stocks Mixed In Early Trade; Nikkei Gives Up 0.3%
• Forex – AUD/USD Slides In Early Asian Trade
• Daily FTSE Technical Update
• Market Indecision

Forex – USD/CHF Edges Higher Amid Swiss Intervention Fears Posted: 08 Nov 2011 02:43 AM PST Forexpros – The U.S. dollar edged higher against the Swiss franc on Tuesday, as lingering concerns over a fresh intervention to weaken the franc weighed on the traditional safe haven currency. USD/CHF hit 0.9068 during European morning trade, the pair's highest since October 20; the pair subsequently consolidated at 0.9015, gaining 0.11%. The pair was likely to find support at 0.8867, Monday's low and resistance at 0.9110, the high of October 12. Earlier in the day, official data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Gain Ahead Of Italian Budget Vote Posted: 08 Nov 2011 02:33 AM PST Forexpros – Copper futures regained strength on Tuesday, bouncing off the previous session's three-day low as markets awaited the outcome a critical Italian parliamentary vote on budget reforms, while hopes for policy easing in China provided further support. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.567 a pound during European morning trade, climbing 0.9%. It earlier rose by as much as 1.25% to trade at a daily high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Looks To Italy Fiasco For Direction, Gold Weighing QE3 Bets Posted: 08 Nov 2011 02:24 AM PST Talking Points Crude Oil Looks to Italian Budget Vote for Bearing on Risk Trends Gold Caught Between Sentiment's Impact on US Dollar, QE3 Outlook WTI Crude Oil (NY Close): $95.52 // +1.26 // +1.34% Crude oil prices followed the S&P 500 to close higher in New York on Monday, with the WTI contract outperforming on rising geopolitical fears ahead of an IAEA report tipped to reveal Iran's nuclear program is geared toward military purposes. The report is tentatively scheduled to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Slips After U.K. Manufacturing Data Posted: 08 Nov 2011 02:16 AM PST Forexpros – The euro slipped against the pound on Tuesday, after upbeat U.K. manufacturing data and amid ongoing concerns over Italy’s current political turmoil. EUR/GBP hit 0.8558 during European morning trade, the pair’s lowest since November 1; the pair subsequently consolidated at 0.8567, shedding 0.14%. The pair was likely to find support at 0.8523, the low of October 4 and resistance at 0.8642, the high of November 3. The pound found support after official data showed that U.K. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Almost Unchanged Vs. Rivals As Italy Vote Eyed Posted: 08 Nov 2011 01:46 AM PST Forexpros – The U.S. dollar was steady against most of its major counterparts on Tuesday, as safe haven demand remained supported amid uncertainty over the outcome of a critical Italian vote on budget reforms later in the day. During European morning trade, the dollar was almost unchanged against the euro, with EUR/USD inching up 0.01% to hit 1.3778. Italian Prime Minister Silvio Berlusconi's government was to face a crunch vote, which would test the prime ministers majority in parliament … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Manufacturing Production Rises More-than-expected Posted: 08 Nov 2011 01:39 AM PST Forexpros – Manufacturing production in the U.K. rose more-than-expected in September, rising for the first time in three months, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said that manufacturing production rose by 0.2% in September, slightly above expectations for a 0.1% increase. Manufacturing production declined by an unrevised 0.3% in August. Year-on-year, manufacturing production rose at an annualized rate of 2.0%, beating expectations for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Rises To 3-month High With Italy, Iran In Focus Posted: 08 Nov 2011 01:36 AM PST Forexpros – Crude oil futures rose to a three-month on Tuesday, ahead of a critical Italian parliamentary vote later in the day, while the prospect of a supply disruption from Iran also lent support. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD96.53 a barrel during European morning trade, climbing 1.05%. It earlier rose by as much as 1.12% to trade at USD96.59 a barrel, the highest price since August 2. Italian Prime Minister Silvio … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Edge Higher Ahead Of Italy Vote; DAX Jumps 1.78% Posted: 08 Nov 2011 01:24 AM PST Forexpros – European stock markets edged higher on Tuesday, as investors remained cautious over the outcome of a key parliamentary vote in Italy later in the day. During European morning trade, the EURO STOXX 50 climbed 1.91%, France's CAC 40 advanced 1.57%, while Germany's DAX 30 jumped 1.78%. Investors were jittery ahead of a key vote in Italy on public finances that will test Prime Minister Silvio Berlusconi’s majority in parliament and determine if he has enough support to stay in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Steady As Italy Vote Weighs On Risk Appetite Posted: 08 Nov 2011 01:14 AM PST Forexpros – The pound edged higher against the U.S. dollar on Tuesday, but gains were limited as investors remained jittery ahead of the outcome of a critical Italian parliamentary vote on budget reforms later in the day. GBP/USD hit 1.6088 during early European trade, the session high; the pair subsequently consolidated at 1.6081, rising 0.17%. Cable was likely to find support at 1.5945, last Friday's low and resistance at 1.6151, the high of October 28. Italian Prime Minister Silvio … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Testing Trend Line Resistance Posted: 08 Nov 2011 12:41 AM PST The pair is testing resistance which began last Friday; the 100 bar moving average also coming in at this level. The euro has gotten a boost from comments made by Spain's and Austria's finance ministers in regards to Italy. Continued risk appetite could see the pair trade at the 1.3800 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Steady Near Six-week High Ahead Of Italy Vote Posted: 08 Nov 2011 12:36 AM PST Forexpros – Gold futures were steady on Tuesday, trading close to the previous session's six-week high as markets awaited the outcome a critical Italian parliamentary vote on budget reforms later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,786.25 a troy ounce during early European morning trade, easing down 0.1%. It earlier fell by as much as 0.35% to trade at a daily low of USD1,785.35 a troy ounce. Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Almost Unchanged In Risk-off Trade Posted: 08 Nov 2011 12:24 AM PST Forexpros – The U.S. dollar was almost unchanged against the yen on Tuesday, swinging between small gains and losses as uncertainty over the outcome of Italy’s current political woes supported safe haven demand. USD/JPY hit 78.00 during late Asian trade, the daily low; the pair subsequently consolidated at 78.02, inching down 0.02%. The pair was likely to find support at 77.62, the low of July 28 and resistance at 78.46, the high of August 8. Risk sentiment was hit as Italian Prime … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Slips Lower Amid Italy Uncertainty Posted: 08 Nov 2011 12:07 AM PST Forexpros – The New Zealand dollar slipped lower against its U.S. counterpart on Tuesday, as risk sentiment weakened amid Italy’s deepening political turmoil ahead of a key parliamentary vote. NZD/USD hit 0.7924 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7950, shedding 0.25%. The pair was likely to find support at 0.7804, the low of November 3 and resistance at 0.8077, the high of October 25. Investors were jittery ahead of a vote in Italy on public … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Dips Ahead Of Italian Vote Posted: 07 Nov 2011 11:56 PM PST Forexpros – The Australian dollar dipped against its U.S. counterpart on Tuesday, as speculation that the Italian government is on the verge of collapsing ahead of a parliamentary vote weighed on risk appetite. AUD/USD hit 1.0301 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0295, shedding 0.79%. The pair was likely to find support at 1.0201, the low of November 3 and resistance at 1.0496, the high of October 25. Market sentiment weakened ahead of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Mixed As Markets Await Italy; Nikkei Down 1.3% Posted: 07 Nov 2011 11:44 PM PST Forexpros – Asian stock markets were mixed on Tuesday, as shares in Japanese exporters declined ahead of a critical Italian parliamentary vote on budget reforms later in the day, while hopes for policy easing in China lifted shares in Hong Kong. During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.5%, Australia's ASX/200 Index eased up 0.15%, while Japan's Nikkei 225 Index dropped 1.3%. Italian Prime Minister Silvio Berlusconi's government faces a key parliamentary vote … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips Ahead Of Italian Parliamentary Vote Posted: 07 Nov 2011 11:37 PM PST Forexpros – The euro slipped against the U.S. dollar on Tuesday, amid concerns over the outcome of a critical Italian parliamentary vote, while investors were also jittery as they watched to see who would head the new Greek government. EUR/USD hit 1.3736 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3741, shedding 0.26%. The pair was likely to find support at 1.3655, the low of November 3 and resistance at 1.3829, Monday's high. Italian Prime Minister … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: G&K Services, Inc. Posted: 07 Nov 2011 11:00 PM PST Estimates have been rising for G&K Services, Inc. (NASDAQ:GKSR) after the company delivered better than expected results for its fiscal 2012 first quarter. Earnings per share jumped 29% year-over-year to 45 cents, beating the Zacks Consensus Estimate by 5%. It is a Zacks #2 Rank (Buy) stock. Based on current consensus estimates, analysts project 16% EPS growth for G&K this year, and 18% growth next year. On top of this growth, the company pays a dividend that yields a solid 1.7%. It has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Whole Foods Market (WFM) Posted: 07 Nov 2011 11:00 PM PST Whole Foods Market’s (WFM) fourth-quarter 2011 earnings of $0.42 per share beat the Zacks Consensus Estimate by a penny, and rose 27.3% from the prior-year quarter on strong sales. The company is revamping its pricing strategy and concentrating more on value offerings while maintaining healthy margins. Cost containment efforts, effective inventory management, and improved store-level performance are driving earnings growth. The company reiterated its fiscal 2012 outlook, and projected sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Microchip Technology (MCHP) Posted: 07 Nov 2011 11:00 PM PST Microchip Technology (NASDAQ:MCHP) recently reported net income of $79.3 million for the second quarter, down 20.2% sequentially and down 23.0% year over year. EPS came in at $0.42, missing the Zacks Consensus Estimate by $0.02. Microchip started the September quarter expecting broad-based demand weakness. The company expected late summer orders for normal Christmas-related builds in September, but distributors did not see any sales related to Christmas builds materialize. Microchip continues to see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Hexcel Corp Posted: 07 Nov 2011 11:00 PM PST Volatility is easy to overcome when there is a great earnings trend. Hexcel, Corp. (NYSE:HXL) is a prime example. While shares have their ups and downs, the solid earnings history and upward estimate revisions warrant a deeper look at this Zacks #1 Rank (Strong Buy). Company Description Hexcel makes composites for lightweight, high-performance structural materials. Their products are used in for aerospace and industrials applications. Net Income Doubles On Oct 24 Hexcel reported its third-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: American Railcar Industries, Inc. Posted: 07 Nov 2011 11:00 PM PST American Railcar Industries, Inc. (ARII) was on fire in October, gaining more than 50% after climbing from $15 to $24. With an impressive Q2 earnings surprise of 90% and rising estimates, this Zacks #1 Rank stock is shipping healthy amounts of momentum. Company Description American Railcar Industries, Inc. sells hopper and tank railcars in North America. The company was founded in 1988 and has a market cap of $533 million. October was a great month for the overall market, but it was an even … [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 10:55 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3750, down 0.19% 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 0.09% to hit 0.8572 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 07 Nov 2011 10:25 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6041, down 0.09% at time of writing. The pair was likely to find support at 1.5877, Thursday's low, and resistance at 1.6079, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8567 and GBP/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Public School Teachers Are Overpaid By 52% Posted: 07 Nov 2011 08:38 PM PST Andrew Biggs (AEI) and Jason Richwine (Heritage) in today’s WSJ: “In short, combining salaries, fringe benefits and job security, we have calculated that public school teachers receive around 52% more in average compensation than they could earn in the private sector. The compensation premium is especially relevant today, as states and localities struggle with budget deficits. Restraining the growth of teacher compensation—in particular, pension and retiree health benefits that outstrip … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Continues To Stay Above The 100 Day MV Posted: 07 Nov 2011 08:34 PM PST usd/sgd continues to stay above the 100 day moving average, which signals this up trend will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Advances In Mid-day Asian Trade Posted: 07 Nov 2011 07:19 PM PST Forexpros – Forexpros – The U.S. dollar moved higher against its major counterparts in Asian trade Tuesday, as a rise in Wall Street shares coupled with an uncertain future make-up for European governments combined to whet investor appetites for the greenback. In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.10% to hit 1.3761. Over the weekend, Greek Prime Minister George Papandreou agreed to resign, leaving the door open for the creation of a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What’s Your News IQ? Take The Test And Find Out Posted: 07 Nov 2011 06:49 PM PST Take the new Pew Research Center News IQ test here. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Inches Higher In Mid-day Asian Trade Posted: 07 Nov 2011 06:48 PM PST Forexpros – Forexpros – The U.S. dollar rose marginally against the Japanese yen in Asian trade Tuesday, following overnight gains on Wall Street and promising developments on European debt resolution. In mid-day Asian trade USD/JPY hit 78.10, the pair's highest since Monday; the pair subsequently consolidated at 78.06, adding 0.02%. The pair was likely to find support at 75.58, the low of October 31, and resistance at 79.53, the high of October 31. Over the weekend, Greek Prime Minister … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Pressing 100hr Posted: 07 Nov 2011 06:32 PM PST A short-term view of the USDSGD pair shows the pair again pressing against the 100hr moving average and the 38.2% retracement level. However the 50% level seems to be what defended the pairs appreciation yesterday and we will look for that level to be broken to the upside before any significant gains came be made on the back of USD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Found Support For The Third Time. Posted: 07 Nov 2011 06:32 PM PST usd/cnh again found support for a third time at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Still Trading In Downward Channel Posted: 07 Nov 2011 06:32 PM PST usd/sgd is still trading in this downward channel but getting close to the top of this channel, which might provide some resistance for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Mixed In Early Trade; Nikkei Gives Up 0.3% Posted: 07 Nov 2011 06:14 PM PST Forexpros – Forexpros – Asian stocks were mixed in Tuesday trade, with Japanese indexes posting losses, bucking the upward regional trend on the heels of overnight gains on Wall Street and hopes for progress on European debt. During early Asian trade, Hong Kong's Hang Seng Index rose 0.58% to 19,792.50, Japan's Nikkei Index lost 0.34% to 8,727.39, while Australia's S&P/ASX 200 added 0.44% to 4,292.10. The Topix Index of all shares listed on the first section of the Tokyo Stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Slides In Early Asian Trade Posted: 07 Nov 2011 05:38 PM PST Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Tuesday, following gains on Wall Street and hopes for progress on European debt after the announced resignation of Greece's prime minister. AUD/USD hit 1.0347 in early Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.0363, declining 0.14%. The pair was likely to find support at 1.0204, last Thursday's low, and resistance at 1.0446, last Thursday's high. Over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 07 Nov 2011 08:01 AM PST By ForexMansion.com by, James A. Hyerczyk The FTSE closed lower on Monday, giving the index the appearance of a minor top at 5599.50. The close at 5510.80 keeps the market safe for now, but still within striking distance of a key short-term retracement zone at 5468.95 to 5438.14. This area seems to be acting as a pivot area with the index gaining strength above it and weakening below. This is beginning to support the case for the start of a rangebound trade. The index is already ranging if you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Market Indecision Posted: 07 Nov 2011 12:39 AM PST The behavior of some asset classes have been downright puzzling. I have been writing for several weeks about what a basket case the eurozone is. Despite the results of the Greek vote on the weekend, nothing is solved. The contagion is starting to spread to Italy, as 10 year Italy-Bund spreads are blowing out. The EFSF, whose details are still not finalized, is starting to look more and more DOA. Here is Lisa Pollock of FT Alphaville discussing how many investment banks won’t even touch … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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