Friday, November 18, 2011

DailyMarkets.com - Forex – USD/JPY Down In European Trade

DailyMarkets.com - Forex – USD/JPY Down In European Trade


Forex – USD/JPY Down In European Trade

Posted: 18 Nov 2011 02:30 AM PST

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

USD/JPY was trading at 76.72, down 0.35% at time of writing.

The pair was likely to find support at 76.63, today's low, and resistance at 77.50, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.49% to hit 1.3523 and GBP/USD rising 0.49% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up In European Trading Hours

Posted: 18 Nov 2011 01:55 AM PST

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

EUR/USD was trading at 1.3535, up 0.57% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8544 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up During The European Session

Posted: 18 Nov 2011 01:10 AM PST

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

GBP/USD was trading at 1.5802, up 0.31% at time of writing.

The pair was likely to find support at 1.5691, Thursday's low, and resistance at 1.6092, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8551 and GBP/JPY rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Airlines Fall As Crude Prices Rise

Posted: 18 Nov 2011 01:00 AM PST

With oil prices trading above the $100/barrel benchmark (first time since June), airline stocks are once again taking it on the chin. Amid positive news of flight additions across all major airlines, the surge in oil prices comes as a massive jolt for the U.S. carriers, resulting in the recent selloff in shares.
United Continental Holdings Inc. (UAL) fell 5.6% on Wednesday followed by decreases of 5.2% in AMR Corp. (NYSE:AMR), 1.8% in Southwest Airlines Co. (NYSE:LUV) and 2.7% in JetBlue Airways … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Up During The European Session

Posted: 18 Nov 2011 12:15 AM PST

Forexpros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8556, up 0.16% at time of writing.

The pair was likely to find support at 0.8519, Tuesday's low, and resistance at 0.8602, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.39% to hit 1.3510 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asian Markets Close Lower; Nikkei Down 1.23%

Posted: 17 Nov 2011 11:10 PM PST

Forexpros – Asian stocks were down after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index fell 1.23%, Australia's S&P/ASX 200 index shed 1.91%, while Hong Kong's Hang Seng Index was trading 2.06% down.

Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.21%, S&P 500 futures pointed to a decrease of 0.17% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: Honda Motor Company

Posted: 17 Nov 2011 11:05 PM PST

Honda Motor Company’s (NYSE:HMC) financial results are severely affected by a stronger Yen and the catastrophic disaster in Japan in March. Furthermore, recent floods in Thailand also damaged the company’s operations.
As a result, Honda could not provide guidance for the fiscal year ended March 31, 2012. And in the second quarter of fiscal 2012, Honda’s profits tumbled 55% to 60.4 billion Yen ($788 million) or 33.53 Yen ($0.44) per share on a year-over-year basis.
These factors have led us to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: Papa John's International, Inc.

Posted: 17 Nov 2011 11:05 PM PST

Papa John’s International, Inc. (PZZA) is hotter than a freshly cooked pepperoni pizza, recently jumping into a new multi-year high on strong Q3 results that came in ahead of expectations. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a tasty choice for momentum.
Company Profile
Papa John’s International, Inc. operates and franchises pizza delivery and carry out restaurants in the United States. The company was founded in 1985 and has a market cap of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: Dick's Sporting Goods

Posted: 17 Nov 2011 11:05 PM PST

Dick’s Sporting Goods (NYSE:DKS) has reported another earnings surprise since it was last featured as a Zacks Rank Buy back in October. Estimates are rising and shares are hitting new highs. Is there time to get in or is the party over?
Company Description
Dick’s Sporting Goods is a full-line sporting goods retailing offering just about everything from running shoes and yoga mats to crossbows and hunting gear. There are over 500 locations in the U.S., including 81 Golf Galaxy stores.
Exceeding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Enterprise Products Partners LP

Posted: 17 Nov 2011 11:05 PM PST

Enterprise Products Partners LP (NYSE:EPD) carried its momentum into the third quarter and delivered another solid earnings surprise.
Analysts have been raising their estimates off the strong quarter, sending the stock to a Zacks #2 Rank (Buy).
Its distribution has been rising too, with the partnership recently raising it for the 29th consecutive quarter. It currently yields a stellar 5.4%.
Master Limited Partnership
Enterprise Products Partners is a Master Limited Partnership (MLP) operating in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: Cabot Oil & Gas

Posted: 17 Nov 2011 11:05 PM PST

We are maintaining our Outperform recommendation on shares of Cabot Oil & Gas, reflecting its impressive exposure to the high-return Marcellus and Eagle Ford Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of over $200 million bodes well for Cabot, which will help it to bolster its natural gas operations. Buoyed by the growth momentum from the company s drilling efforts, particularly in its North region, Cabot recently reported robust … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 17 Nov 2011 10:55 PM PST

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

EUR/USD was trading at 1.3482, up 0.18% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8551 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil To Refocus On EU Debt Crisis, Gold Following Dollar’s Lead

Posted: 17 Nov 2011 10:40 PM PST

Talking Points

Crude Oil Sinks as Prices Refocus on EU-Driven Risk Aversion
Gold Still Following Dollar's Lead but Fed-Speak Also in Focus

WTI Crude Oil (NY Close): $98.82 // -3.77 // -3.67%
Yesterday's one-off push above the $100/barrel figure after Canada's Enbridge Inc said it will begin to pump inventory out of the Cushing, Oklahoma delivery point didn't prove lasting, with risk trends swiftly taking over anew and sinking the WTI contract as EU-centered sovereign stress continues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 17 Nov 2011 10:25 PM PST

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

GBP/USD was trading at 1.5769, up 0.10% at time of writing.

The pair was likely to find support at 1.5691, Thursday's low, and resistance at 1.6092, Monday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8554 and GBP/JPY falling 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 17 Nov 2011 09:55 PM PST

Forexpros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2402, down 0.06% at time of writing.

The pair was likely to find support at 1.2328, Monday's low, and resistance at 1.2441, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3485 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 17 Nov 2011 09:25 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9204, down 0.19% at time of writing.

The pair was likely to find support at 0.8962, Monday's low, and resistance at 0.9236, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3472 and USD/JPY falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Up During The Asian Session

Posted: 17 Nov 2011 09:00 PM PST

Forexpros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8547, up 0.06% at time of writing.

The pair was likely to find support at 0.8519, Tuesday's low, and resistance at 0.8602, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.16% to hit 1.3479 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Photo Of The Day: Life In The Soviet Union

Posted: 17 Nov 2011 08:54 PM PST

Consumers had to wait in really long lines for everything so the “time cost” was really, really high, but hey, at least the “money cost” was really … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 17 Nov 2011 08:35 PM PST

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

USD/JPY was trading at 76.88, down 0.14% at time of writing.

The pair was likely to find support at 76.82, Monday's low, and resistance at 77.50, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.14% to hit 1.3477 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


L.A. Port Exports Set New Record High In October

Posted: 17 Nov 2011 08:19 PM PST

The number of loaded export containers leaving the Los Angeles Port for overseas destinations reached a record high in October of 193,547 TEUs (20-foot equivalent units), beating the previous record of 192,850 TEUs in March of this year (see chart above).  October exports this year are 28.14% ahead of the same month last year, and above the previous month by 9.4%. Loaded import containers in October were 5.5% above the year earlier level, but fell from September by 1%. 

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


Forex – USD/CAD Down In Asian Trading Hours

Posted: 17 Nov 2011 08:10 PM PST

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

USD/CAD was trading at 1.0283, down 0.08% at time of writing.

The pair was likely to find support at 1.0092, Monday's low, and resistance at 1.0297, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.21% to hit 1.3486 and GBP/USD rising 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/sgd Again Testing The 23.6% Retracement Level

Posted: 17 Nov 2011 07:40 PM PST

usd/sgd again testing the 23.6% retracement level on the weekly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDSGD Moves Off 76.4%

Posted: 17 Nov 2011 07:40 PM PST

On the chart below we see the USDSGD bid yesterday pushed the pair to the 79.4% retracement of the October move where the pair found some resistance and the USD bid dissipated. Early in the Asian session we see the USD offered, however this could be short-lived and the rally could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Trying To Break Out Of A Hourly Channel.

Posted: 17 Nov 2011 07:40 PM PST

usd/hkd trying to break out this hourly channel but failed to do … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Up During Asian Trade

Posted: 17 Nov 2011 07:30 PM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0021, up 0.21% at time of writing.

The pair was likely to find support at 0.9974, today's low, and resistance at 1.0336, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.04% to hit 1.3465 and AUD/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 17 Nov 2011 07:05 PM PST

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

EUR/USD was trading at 1.3493, up 0.26% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8550 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 17 Nov 2011 06:35 PM PST

Forexpros – The Euro was higher against the Japanese Yen on Friday.

EUR/JPY was trading at 103.83, up 0.22% at time of writing.

The pair was likely to find support at 103.41, Wednesday's low, and resistance at 106.40, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.24% to hit 1.3491 and EUR/GBP rising 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Remarkable Rise And Fall Of Gov. Perry On Intrade

Posted: 17 Nov 2011 06:27 PM PST

From Intrade.com, the odds for Rick Perry over the last 200 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Up And Down

Posted: 17 Nov 2011 05:51 PM PST

It’s been said that alcohol and sex are not a good mix. If the following reports are any guide, it appears that the bad economy is leading many people to take that message to heart.
1. “U.S. Alcohol Consumption Hits 25-Year High” (Fox News)
Economy plays a role in booze business
The booze business is recession proof, just ask your neighborhood bartender. They know the following to be true: When times are good, people enjoy a cocktail. When times are rough, people enjoy two cocktails. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 17 Nov 2011 05:45 PM PST

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

GBP/JPY was trading at 121.26, down 0.02% at time of writing.

The pair was likely to find support at 120.89, Thursday's low, and resistance at 124.16, Monday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.5750 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Indices Update: Germany 30 (DE30)

Posted: 17 Nov 2011 06:02 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Germany 30 (GE30) index CFD broke through Autochartist key level support on Thursday, setting up a possible move into the forecast zone identified as 5683.13 to 5514.18. Not only did the market break through support, but two closes under the key level suggest there is mounting selling pressure.

The significance of the support key level is only an average 5-bars. However, the length of the chart pattern is most important in this case. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily FTSE Technical Update

Posted: 17 Nov 2011 06:02 AM PST

By ForexMansion.com
by, James A. Hyerczyk
Downside pressure continued on the FTSE on Thursday, but this time it was accompanied by big volume, once again confirming that the index seems to be going through a major distributive cycle. Last week the market also had a billion plus share day as it moved violently to the downside, but this was followed by consecutive lower volume days. If the market doesn't follow-through to the downside on Friday, or if it does on low volume, then consider it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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