DailyMarkets.com - Pelangio Announces Further Discoveries At Pokukrom East

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• Pelangio Announces Further Discoveries At Pokukrom East
• Forex – EUR/GBP Hits 3-week High As Market Sentiment Improves
• Forex – Euro Higher Vs. Most Rivals As Risk Appetite Recovers
• Copper Rebounds From 1-month Low As Sentiment Improves
• Forex – Dollar Broadly Lower As U.S. Downgrade Fears Ease
• U.K. Public Sector Net Borrowing Falls More-than-expected
• European Stocks Higher But Debt Concerns Weigh; DAX Up 0.30%
• Crude Oil Rebounds On Dollar Weakness, Iran Sanctions
• Forex – GBP/USD Rises But E.Z./U.S. Debt Worries Persist
• Gold Bounces Off 4-week Low With U.S., EU Debt In Focus
• Forex – USD/JPY Pares Gains After Brief Spike On Azumi Comments
• Forex – AUD/USD Higher But Remains Vulnerable
• Forex – NZD/USD Edges Higher But Gains Limited
• Asia Stocks Fall As U.S. Debt Talks Collapse; Nikkei Down 0.4%
• Forex – EUR/USD Edges Higher But Debt Woes Weigh
• Swiss Trade Surplus Widens More-than-expected In October
• Aggressive Growth Stock: Hollysys Automation Technologies, Ltd.
• Growth & Income Stock: Koppers Holdings Inc.
• Momentum Stock: Heartland Payment Systems, Inc.
• Bear Of The Day: Hartford Financial Services Group (HIG)
• Bull Of The Day: Garmin, Ltd. (GRMN)
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/JPY Up During Asian Trade
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/CAD Down In Asian Trading Hours
• UCLA Finance Professor Goes Up Against College Textbook Cartel And Offers His Textbook For Free
• Forex – AUD/USD Up During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Forex – EUR/JPY Up During Asian Trade
• Forex Trading: Usd/cnh Has A Huge Rally After Breaking Out Of The Wedge.
• Forex Trading: Usd/hkd Still Trading Around The 61.8% Retracement Level.
• Forex Trading: Usd/sgd Continue To Make New Recent Highs.
• Forex – GBP/JPY Up During The Asian Session
• Forex – EUR/USD Up In Asian Trade
• Investing In Gold In Order To Pay Off Your Debts
• Nice Example On Gbp/Usd “How Support Becomes Resistance”
• Daily FTSE Technical Update
• Recession Anxiety

Pelangio Announces Further Discoveries At Pokukrom East Posted: 22 Nov 2011 03:05 AM PST Pelangio announces further discoveries at Pokukrom East Steven Ralston, CFA Pelangio Exploration (V.PX: TSX-V and PGXPF: OTCBB) continues to announce important discoveries on its Manfo property in Ghana. The drilling program has been expanded again, now to 30,000 meters. Having added a second drilling rig in July, a third drilling rig is expected in 2012. All told, Pelangio has completed 111 drill holes totaling 22,195 meters. In addition, an initial NI 43-101 technical report by SRK upgraded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Hits 3-week High As Market Sentiment Improves Posted: 22 Nov 2011 03:00 AM PST Forexpros – The euro rose to a three-week high against the pound on Tuesday, as fears over U.S. credit downgrades eased but gains were limited as concerns over the euro zone's debt crisis weighed after an expensive Spanish bond auction. EUR/GBP hit 0.8660 during European morning trade, the pair's highest since October 31; the pair subsequently consolidated at 0.8645, rising 0.24%. The pair was likely to find support at 0.8596, the low of October 31 and resistance at 0.8685, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Higher Vs. Most Rivals As Risk Appetite Recovers Posted: 22 Nov 2011 02:31 AM PST Forexpros – The euro was broadly higher against its major counterparts on Tuesday, as fears over immediate U.S. credit downgrades eased but the shared currency remained under pressure after an expensive Spanish bond auction. During European morning trade, the euro was up against the U.S. dollar, with EUR/USD rising 0.42% to hit 1.3545. Spain's Treasury sold EUR2.98 billion in three and six-month bonds in an auction which saw yields rise to 5.2% for the six-month bills, from 3.3% at a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Rebounds From 1-month Low As Sentiment Improves Posted: 22 Nov 2011 02:24 AM PST Forexpros – Copper futures advanced on Tuesday, regaining strength after hitting a one-month low during the previous session as fears over a U.S. debt downgrade eased, while hopes of resilient demand from top consumer China also lent support. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.357 a pound during European morning trade, climbing 1.63%. It earlier rose by as much as 1.85% to trade at a daily high of USD3.373 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Lower As U.S. Downgrade Fears Ease Posted: 22 Nov 2011 01:53 AM PST Forexpros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, after ratings agencies said the failure to reach a deal to slash the U.S. deficit would not automatically lead to credit downgrades. During European morning trade, the dollar was lower against the euro, with EUR/USD rising 0.27% to hit 1.3526. The euro found support after Greek Finance Minister Evangelos Venizelos said earlier that euro zone officials would make a decision regarding the next tranche of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Public Sector Net Borrowing Falls More-than-expected Posted: 22 Nov 2011 01:39 AM PST Forexpros – Public sector net borrowing in the U.K. fell more-than-expected in October, official data showed on Tuesday. In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income fell to GBP3.4 billion, from GBP10.2 billion in September, whose figure was revised down from GBP11.4 billion. Analysts had expected U.K. public sector net borrowing to decline to GBP4.3 billion. Following the release of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher But Debt Concerns Weigh; DAX Up 0.30% Posted: 22 Nov 2011 01:34 AM PST Forexpros – European stock markets were higher on Tuesday, as market sentiment improved but gains were capped by ongoing worries over euro zone and U.S. debt levels. During European morning trade, the EURO STOXX 50 rose 0.33%, France's CAC 40 advanced 0.61%, while Germany's DAX 30 climbed 0.30%. Market sentiment found support after Greek Finance Minister Evangelos Venizelos said that euro zone officials would make a decision regarding the next tranche of Greek aid as soon as November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Rebounds On Dollar Weakness, Iran Sanctions Posted: 22 Nov 2011 01:18 AM PST Forexpros – Crude oil futures rose for the first time in four days on Tuesday, climbing to a two-day high as weakness in the U.S. dollar and concerns over a disruption supplies from Iran boosted prices. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.44 a barrel during European morning trade, gaining 0.54%. It earlier rose by as much as 0.85% to trade at a two-day high of USD97.95 a barrel. Crude's gains came as the dollar index, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Rises But E.Z./U.S. Debt Worries Persist Posted: 22 Nov 2011 12:53 AM PST Forexpros – The pound was up against the U.S. dollar on Tuesday, tracking the euro higher as market sentiment slightly recovered but gains were limited amid ongoing concerns over European and U.S. sovereign debt. GBP/USD hit 1.5692 during European morning trade, the daily high; the pair subsequently consolidated at 1.5680, rising 0.24%. The pair was likely to find support at 1.5541, the low of October 12 and resistance at 1.5803, the high of October 20. The pound found support after Greek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Bounces Off 4-week Low With U.S., EU Debt In Focus Posted: 22 Nov 2011 12:42 AM PST Forexpros – Gold futures regained strength on Tuesday, bouncing off a four-week low as the U.S. dollar weakened slightly while investors continued to monitor developments surrounding the U.S. and the euro zone's debt woes. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,693.75 a troy ounce during early European morning trade, climbing 0.9%. It earlier rose by as much as 1% to trade at a daily high of USD1,694.65 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Pares Gains After Brief Spike On Azumi Comments Posted: 22 Nov 2011 12:27 AM PST Forexpros – The U.S. dollar pared gains against the yen on Tuesday, after briefly spiking to a one-week high as remarks by Japan's finance minister were interpreted as hinting at more intervention by Japan. USD/JPY pulled back from 77.32, the pair's highest since November 15, to hit 77.03 during late Asian trade, still up 0.19%. The pair was likely to find support at 76.57, last Friday's two-week low and resistance 77.32, the days high. Earlier in the day, Japanese Finance Minister … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Higher But Remains Vulnerable Posted: 22 Nov 2011 12:15 AM PST Forexpros – The Australian dollar was slightly higher against its U.S. counterpart on Tuesday, but gains were capped as investors remained concerned over the euro zone's debt crisis and a political deadlock on deficit reduction in the U.S. AUD/USD hit 0.9887 during late Asian trade, the daily high; the pair subsequently consolidated at 0.9885, gaining 0.41%. The pair was likely to find support at 0.9749, the low of October 10 and resistance at 1.0012, Monday's high. The Aussie found … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Edges Higher But Gains Limited Posted: 22 Nov 2011 12:01 AM PST Forexpros – The New Zealand dollar edged higher against its U.S. counterpart on Tuesday, easing off an eight-month low but the kiwi remained vulnerable amid sustained debt concerns in the euro zone and in the U.S. NZD/USD hit 0.7498 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7499, rising 0.39%. The pair was likely to find support at 0.7336, the low of March 22 and resistance at 0.7575, Monday's high. Market sentiment slightly lifted after Greek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Fall As U.S. Debt Talks Collapse; Nikkei Down 0.4% Posted: 21 Nov 2011 11:48 PM PST Forexpros – Asian stock markets were broadly lower on Tuesday, tracking steep overnight losses from Wall Street after talks aimed at reducing the U.S. budget deficit broke down and amid ongoing concerns over the debt crisis in the euro zone. During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.4%, Australia's ASX/200 Index fell 0.72%, while Japan's Nikkei 225 Index shed 0.4%. Appetite for riskier assets was weighed after a U.S. congressional “super committee" failed to agree … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Edges Higher But Debt Woes Weigh Posted: 21 Nov 2011 11:31 PM PST Forexpros – The euro edged higher against the U.S. dollar on Tuesday, but gains were limited as concerns over sovereign debt issues in the euro zone and the U.S. kept risk appetite in check. EUR/USD hit 1.3523 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3516, rising 0.21%. The pair was likely to find support at 1.3429, Monday's low and resistance at 1.3613, the high of November 18. In the U.S., ratings agency Fitch said the failure of a congressional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss Trade Surplus Widens More-than-expected In October Posted: 21 Nov 2011 11:18 PM PST Forexpros – Switzerland’s trade surplus widened more-than-expected in October, official data showed on Tuesday. In a report, Switzerland's Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF2.15 billion in October, up from CHF1.91 billion in September, whose figure was revised up from CHF1.85 billion. Economists had expected the trade surplus to widen to CHF2.06 billion in October. The report said that exports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Hollysys Automation Technologies, Ltd. Posted: 21 Nov 2011 11:05 PM PST A region with a booming population will need plenty of infrastructure projects. Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) is one company set to profit from them. Company Description Hollysys makes automation and control technologies for several industries in China and other parts of Asia. Customers are in the industrial, railway, and nuclear industries. A Stellar Quarter On Nov 14 Hollysys reported fiscal first-quarter results that the company described as “stellar”. Revenues jumped more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Koppers Holdings Inc. Posted: 21 Nov 2011 11:05 PM PST Koppers Holdings Inc. (NYSE:KOP) recently reported better than expected results for the third quarter of 2011 on 19% sales growth and a 44% surge in EPS. Analysts revised their estimates higher for both 2011 and 2012 off the strong quarter, sending the stock to a Zacks #2 Rank (Buy). Koppers also pays a dividend that yields a solid 2.8%, and valuation is attractive with shares trading at just 9.7x forward earnings. Company Description Koppers Holdings Inc. produces carbon compounds primarily to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Heartland Payment Systems, Inc. Posted: 21 Nov 2011 11:05 PM PST Heartland Payment Systems, Inc. (HPY) continues to pressure its all-time high after reporting strong Q3 results that included a 7% surprise. With a high industry rank and bullish growth projection, this Zacks #1 Rank stock is a solid pick for momentum. Company Description Heartland Payment Systems, Inc. provides bank card payment processing payment services in the United States and Canada. The company was incorporated in 2000 and has a market cap of $802 million. Although HPY was already … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Hartford Financial Services Group (HIG) Posted: 21 Nov 2011 11:05 PM PST We are downgrading our recommendation on Hartford Financial Services Group (NYSE:HIG) to Underperform based on its weak third quarter results. The results surpassed the Zacks Consensus Estimate but declined from the year-ago quarter, primarily due to poor operating performance, with most segments reporting net losses or reduced income. Moreover, higher catastrophe losses coupled with decline in net investment income also contributed to the dismal performance. We remain concerned with the company’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Garmin, Ltd. (GRMN) Posted: 21 Nov 2011 11:05 PM PST Garmin Ltd. (NASDAQ:GRMN) is an OEM of GPS-based equipment. September quarter earnings thrashed the Zacks Consensus Estimate and 2011 guidance was raised. Garmin s market share, brand equity, compelling new products across segments, significant diversification of revenue, strategic alliances and financial position may be expected to offset the negative impact of a secular decline in its core PND business. We are buyers of the shares at the current valuation, since we believe that Garmin has the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 21 Nov 2011 10:55 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3493, up 0.03% 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 0.8624 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 21 Nov 2011 10:25 PM PST Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5643, up 0.01% at time of writing. The pair was likely to find support at 1.5613, Monday's low, and resistance at 1.5888, Friday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8624 and GBP/JPY rising 0.23% 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: 21 Nov 2011 09:55 PM PST Forexpros – The Euro was lower against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.2370, down 0.02% at time of writing. The pair was likely to find support at 1.2343, Friday's low, and resistance at 1.2441, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.02% to hit 1.3486 and EUR/JPY rising 0.20% to hit … [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 09:35 PM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 77.05, up 0.22% at time of writing. The pair was likely to find support at 76.58, Friday's low, and resistance at 77.32, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.3480 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During Asian Trade Posted: 21 Nov 2011 09:25 PM PST Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9179, up 0.07% 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. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.3476 and USD/JPY rising 0.23% 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: 21 Nov 2011 09:00 PM PST Forexpros – The Euro was higher against the British Pound on Tuesday. EUR/GBP was trading at 0.8625, up 0.01% at time of writing. The pair was likely to find support at 0.8519, Friday's low, and resistance at 0.8641, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.3476 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In Asian Trading Hours Posted: 21 Nov 2011 08:10 PM PST Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 1.0394, down 0.06% at time of writing. The pair was likely to find support at 1.0200, Friday's low, and resistance at 1.0419, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.11% to hit 1.3474 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UCLA Finance Professor Goes Up Against College Textbook Cartel And Offers His Textbook For Free Posted: 21 Nov 2011 07:45 PM PST The first edition (2008) of UCLA (Anderson School) Finance Professor Ivo Welch’s Introductory Corporate Finance textbook was available through Prentice-Hall for $220, which is about the average outrageous price these days for most over-priced college textbooks. The book is now coming out in the second edition at a new price: FREE for the online readable-only version (no printing), and $60 for the 736-page softcover print version through Amazon (available in mid-December).  According to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 21 Nov 2011 07:30 PM PST Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9846, up 0.05% at time of writing. The pair was likely to find support at 0.9809, Monday's low, and resistance at 1.0118, Thursday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.03% to hit 1.3703 and AUD/JPY rising 0.34% 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: 21 Nov 2011 07:05 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3500, up 0.08% 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 up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8628 and EUR/JPY rising 0.31% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Up During Asian Trade Posted: 21 Nov 2011 06:35 PM PST Forexpros – The Euro was higher against the Japanese Yen on Tuesday. EUR/JPY was trading at 104.11, up 0.39% at time of writing. The pair was likely to find support at 103.23, Monday's low, and resistance at 104.31, today's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.07% to hit 1.3499 and EUR/GBP rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Has A Huge Rally After Breaking Out Of The Wedge. Posted: 21 Nov 2011 06:34 PM PST usd/cnh rally's after breaking out of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Still Trading Around The 61.8% Retracement Level. Posted: 21 Nov 2011 06:34 PM PST usd/hkd still trading around the 61.8% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Continue To Make New Recent Highs. Posted: 21 Nov 2011 06:34 PM PST usd/sgd continue to make new recent highs on its daily closes, which continue to give a bullish signal for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 21 Nov 2011 05:45 PM PST Forexpros – The British Pound was higher against the Japanese Yen on Tuesday. GBP/JPY was trading at 120.69, up 0.36% at time of writing. The pair was likely to find support at 120.05, Monday's low, and resistance at 121.76, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.01% to hit 1.5640 and EUR/GBP rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In Asian Trade Posted: 21 Nov 2011 05:05 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3496, up 0.05% 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 up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8625 and EUR/JPY rising 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investing In Gold In Order To Pay Off Your Debts Posted: 21 Nov 2011 01:51 PM PST By ForexMansion.com After the recession, the financial markets have been suffering and so the investment market too has been suffering a lot. Along with this, the inflation has raised so much so that the costs of items are increasing on a continual basis. So, the cost of gold too has been increasing. Thus, it is considered to be a good investment option as the value of metals is expected to rise more in the near future. If you can earn good revenues out of your gold investment, you will be able … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nice Example On Gbp/Usd “How Support Becomes Resistance” Posted: 21 Nov 2011 11:12 AM PST By ForexMansion.com Pound is one of the weakest today, down almost 300 pips from Friday highs, currently trades around 1.5600. We anticipated that move, on some basics of technical analysis “how broken support becomes resistance”. Here is the chart and comments that we shared with our subscribers on Thursday, Nov 17th 2011 past week Cable broke through the 1.5860/90 support region which could be start of something bigger to the downside, especially if we consider that prices slipped below the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update Posted: 21 Nov 2011 08:33 AM PST By ForexMansion.com by, James A. Hyerczyk After forming a descending triangle featuring a series of lower tops and a flat bottom, the FTSE 100 index finally broke through support at 5338.40, triggering a substantial break. Although short-term the index appears to be oversold, traders are likely to sell any short-covering rally as market sentiment has definitely shifted to the downside. Now that a top has been clearly defined, traders will be looking for retracement zones which may be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recession Anxiety Posted: 21 Nov 2011 12:17 AM PST Despite being in the headlines all the time, my head hurts whenever I think about Europe, At the end of day, what matters more to stock prices are earnings, growth expectations and interest rates. Notwithstanding the macro risk coming from Europe and the US, my concern for the near term outlook for stock prices is a slowing global economy. Looking globally, much of the eurozone is likely already in recession. The US is poised to follow. First, we saw ECRI going public with a recession call. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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