DailyMarkets.com - 2011: To Understand The Present, We Must Review The Past

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• 2011: To Understand The Present, We Must Review The Past
• Forex – USD/JPY Down In European Trade
• Crude Oil, Gold Expected To Decline As The New Year Begins
• Forex – EUR/USD Down In European Trading Hours
• Forex – GBP/USD Down During The European Session
• Forex – EUR/GBP Down During The European Session
• Forex – GBP/USD Down On Economic Data
• Asian Markets Mixed At Close; Nikkei Up 0.67%
• U.K. Nationwide HPI Falls Unexpectedly
• Growth & Income Stock: Cardinal Health, Inc.
• Aggressive Growth Stock: Chemtura Corp
• Bull Of The Day: AGCO Corporation (AGCO)
• Bear Of The Day: HSBC Holdings Plc
• Momentum Stock: HiTech Pharmacal Co, Inc.
• Forex – EUR/USD Down During The Asian Session
• Gold: Look Out Below The D-wave Continues
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex Trading: Usd/cnh Testing Resistance.
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Up During Asian Trade
• Forex Trading: USD/CNH Testing Support @ 6.3381
• Forex Trading: USD/HKD Looking To Make A Full Hourly Retracement
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During Asian Trade
• Forex – GBP/JPY Up During The Asian Session
• October Natural Gas Production Sets New Record
• Forex – EUR/USD Down In Asian Trade

2011: To Understand The Present, We Must Review The Past Posted: 30 Dec 2011 02:59 AM PST This has been a momentous and volatile year with multiple black swans.  Here are the most popular articles over the past 12 months. January 2011 Don't Be Blinded by Current Equity Market Euphoria "Even though the markets are hitting new highs, don't be blinded by the current euphoria on equity markets. Bullish sentiment is reaching new highs, surpassing the pre-credit crisis top. Herds are selling their precious metal investments to enter US equities on the hope of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In European Trade Posted: 30 Dec 2011 02:30 AM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 77.51, down 0.16% at time of writing. The pair was likely to find support at 77.51, today's low, and resistance at 78.09, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.23% to hit 1.2931 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Expected To Decline As The New Year Begins Posted: 30 Dec 2011 02:06 AM PST Talking Points Crude Oil to Follow Stocks Lower in 2012 on Euro Crisis, Slowing Growth Gold Outlook Bleak as Fed Backs Off QE, US Dollar Gains on Risk Aversion WTI Crude Oil (NY Close): $99.65 // +0.29 // +0.29% European shares are little changed in early trade and S&P 500 stock index futures are treading water, pointing to neutral risk appetite trends and promising a quiet end to the trading week and the year. Liquidity is almost certainly evaporating as market participants wind down for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In European Trading Hours Posted: 30 Dec 2011 01:55 AM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2930, down 0.24% at time of writing. The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.3083, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8380 and EUR/JPY falling 0.38% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The European Session Posted: 30 Dec 2011 01:10 AM PST Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Nationwide HPI. GBP/USD was trading at 1.5410, down 0.05% at time of writing. The pair was likely to find support at 1.5362, Thursday's low, and resistance at 1.5692, Wednesday's high. Earlier in the day, data showed that The U.K.'s Nationwide house price index fell unexpectedly to a seasonally adjusted -0.2% last month from 0.4% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session Posted: 30 Dec 2011 12:15 AM PST Forexpros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8386, down 0.23% at time of writing. The pair was likely to find support at 0.8332, Wednesday's low, and resistance at 0.8422, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.16% to hit 1.2940 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down On Economic Data Posted: 29 Dec 2011 11:20 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Nationwide HPI. GBP/USD was trading at 1.5417, down 0.001% at time of writing. The pair was likely to find support at 1.5362, Thursday's low, and resistance at 1.5692, Wednesday's high. Earlier in the day, data showed that The U.K.'s Nationwide house price index fell unexpectedly to a seasonally adjusted -0.2% last month from 0.4% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Markets Mixed At Close; Nikkei Up 0.67% Posted: 29 Dec 2011 11:10 PM PST Forexpros – Asian stocks were mixed after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index rose 0.67%, Australia's S&P/ASX 200 index shed 0.36%, while Hong Kong's Hang Seng Index was trading 0.49% up. Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.03%, S&P 500 futures pointed to an increase of 0.07% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Nationwide HPI Falls Unexpectedly Posted: 29 Dec 2011 11:10 PM PST Forexpros – The U.K.'s Nationwide house price index fell unexpectedly last month, data showed on Friday. In a report, , Nationwide Building Society said that said its index of U.K. house prices fell to -0.2%, from 0.4% in the preceding month. Analysts had expected the Nationwide HPI to rise 0.3% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Cardinal Health, Inc. Posted: 29 Dec 2011 11:05 PM PST Cardinal Health, Inc. (NYSE:CAH) carried its strong momentum into the first quarter of its fiscal 2012 and delivered its 9th consecutive positive earnings surprise. Analysts raised their estimates after the strong quarter for both 2012 and 2013, sending the stock to a Zacks #2 Rank (Buy). Analysts expect this momentum to continue for the next couple of years too. Based on current consensus estimates, analysts expect 19% EPS growth in 2012 and 12% growth in 2013. The company also pays a dividend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Chemtura Corp Posted: 29 Dec 2011 11:05 PM PST Chemtura Corporation (CHMT) analysts move earnings estimates higher. Company Description Chemtura Corporation, manufactures specialty chemical solutions and consumer products. The company’s Consumer Products segment provides recreational water purification products, such as sanitizers, algaecides, biocides, oxidizers, pH balancers, mineral balancers, and other specialty chemicals and accessories. Moving from a #5 to a #1 The Zacks Rank is the foundation of our research, with a Zacks #1 Rank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: AGCO Corporation (AGCO) Posted: 29 Dec 2011 11:05 PM PST Driven by strong global demand for agricultural equipment, AGCO Corporation (AGCO) reported third quarter EPS of $0.87 versus $0.66 in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $0.75. For fiscal 2011, AGCO expects EPS of $4.30. Global industry sales are anticipated to grow in 2011. With a full product line of farm equipment and a wide network of dealers and distributors, we believe AGCO is well positioned over the long term to capitalize on the need for increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: HSBC Holdings Plc Posted: 29 Dec 2011 11:05 PM PST We retain our Underperform recommendation on HSBC Holdings plc – ADS (NYSE:HBC) with an Underperform recommendation. Our primary concern is the harsh impact from the deepening Eurozone crisis. Moreover, the company is suffering from weak revenue growth in its mature markets due to ongoing low interest rates and regulatory restrictions. The company’s cost containment measures will help it deal with economic pressures to a great extent. But we expect high inflation in some key Asian markets, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: HiTech Pharmacal Co, Inc. Posted: 29 Dec 2011 11:05 PM PST HiTech Pharmacal Co, Inc. (HITK) just hit a new all-time high after reporting strong Q3 results that included an impressive 35% earnings surprise. With estimates on the rise and a high industry rank, this Zacks #1 rank stock is a solid pick for momentum. Company Description Hi Tech Pharmacal Co, Inc. is a specialty pharmaceutical company that develops, manufactures and sells generic, prescription and OTC drugs and nutritional products in the United States. The company was founded in 1982 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 29 Dec 2011 10:55 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2945, down 0.12% at time of writing. The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.3083, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8398 and EUR/JPY falling 0.24% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold: Look Out Below The D-wave Continues Posted: 29 Dec 2011 10:50 PM PST Today, something significant happened in the gold market…. and it’s not good news for the bulls, at least short term.  The current weekly (intermediate) cycle began on September 26th with a low price of $1535 became a left translated weekly cycle on December 22 when the count of days within the weekly cycle reached 63.  The cycle’s high of  November 8th (Day 31) then became left of the cycle’s center.  But as I recently pointed out in Gold’s Secular Bull Cycles and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 29 Dec 2011 10:25 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5416, down 0.02% at time of writing. The pair was likely to find support at 1.5362, Thursday's low, and resistance at 1.5692, Wednesday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8395 and GBP/JPY falling 0.11% 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: 29 Dec 2011 09:55 PM PST Forexpros – The Euro was lower against the Swiss Franc on Friday. EUR/CHF was trading at 1.2172, down 0.11% at time of writing. The pair was likely to find support at 1.2168, Thursday's low, and resistance at 1.2239, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.2938 and EUR/JPY falling 0.32% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During Asian Trade Posted: 29 Dec 2011 09:25 PM PST Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9414, up 0.13% at time of writing. The pair was likely to find support at 0.9321, Wednesday's low, and resistance at 0.9470, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.20% to hit 1.2936 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 Down During The Asian Session Posted: 29 Dec 2011 09:00 PM PST Forexpros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8396, down 0.12% at time of writing. The pair was likely to find support at 0.8332, Wednesday's low, and resistance at 0.8422, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.2942 and EUR/JPY falling 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 29 Dec 2011 08:35 PM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 77.54, down 0.13% at time of writing. The pair was likely to find support at 77.52, today's low, and resistance at 78.09, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.14% to hit 1.2942 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Testing Resistance. Posted: 29 Dec 2011 08:18 PM PST usd/cnh testing resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 29 Dec 2011 08:10 PM PST Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 1.0203, up 0.02% at time of writing. The pair was likely to find support at 1.0127, Wednesday's low, and resistance at 1.0269, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.2946 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 29 Dec 2011 07:30 PM PST Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday. AUD/USD was trading at 1.0144, up 0.07% at time of writing. The pair was likely to find support at 1.0045, Thursday's low, and resistance at 1.0203, Wednesday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.18% to hit 1.2764 and AUD/JPY falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CNH Testing Support @ 6.3381 Posted: 29 Dec 2011 07:18 PM PST Its been pretty quiet as every is ready to celebrate the new year. The pair is testing support here with the 38.2% as the downside target. If support holds, the 200 hour moving average becomes the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/HKD Looking To Make A Full Hourly Retracement Posted: 29 Dec 2011 07:18 PM PST It seems like the next stop for the pair is 7.76595, the low from December 2nd. After breaking trend line support on December 19th the pair has slowly traded slower; descending after breaking lower through the 61.8% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 29 Dec 2011 07:05 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2941, down 0.15% at time of writing. The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.3083, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8401 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 29 Dec 2011 06:35 PM PST Forexpros – The Euro was lower against the Japanese Yen on Friday. EUR/JPY was trading at 100.50, down 0.13% at time of writing. The pair was likely to find support at 100.06, Thursday's low, and resistance at 101.91, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.12% to hit 1.2946 and EUR/GBP falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up During The Asian Session Posted: 29 Dec 2011 05:45 PM PST Forexpros – The British Pound was higher against the Japanese Yen on Friday. GBP/JPY was trading at 119.74, up 0.04% at time of writing. The pair was likely to find support at 119.49, Thursday's low, and resistance at 122.13, Tuesday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.04% to hit 1.5412 and EUR/GBP falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

October Natural Gas Production Sets New Record Posted: 29 Dec 2011 05:25 PM PST October was another record-setting month for the world’s largest natural gas producer, as the U.S. produced all-time record amounts of both gross withdrawals and dry production (consumer-grade gas), according to new data released today by the Energy Information Administration (see chart above).  The record-setting gross volume in October (2.48 trillion cubic feet) was above its year-earlier level by 6.4%; and the all-time high for monthly dry gas production was 7.6% above last October, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In Asian Trade Posted: 29 Dec 2011 05:05 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2951, down 0.08% at time of writing. The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.3083, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8409 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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