Monday, December 5, 2011

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

Forex – EUR/USD Down In Asian Trade

Posted: 05 Dec 2011 05:05 PM PST

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

EUR/USD was trading at 1.3396, down 0.04% at time of writing.

The pair was likely to find support at 1.3363, Friday's low, and resistance at 1.3550, Friday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8565 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 05 Dec 2011 04:35 PM PST

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

USD/JPY was trading at 77.81, down 0.01% at time of writing.

The pair was likely to find support at 77.49, Thursday's low, and resistance at 78.11, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.05% to hit 1.3396 and GBP/USD falling 0.06% 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: 05 Dec 2011 04:10 PM PST

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

EUR/USD was trading at 1.3394, down 0.06% at time of writing.

The pair was likely to find support at 1.3363, Friday's low, and resistance at 1.3550, Friday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8564 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USPS Snail Mail Could Slow Down Further

Posted: 05 Dec 2011 03:58 PM PST

12/05/11 The US Postal Service seeks cost cutting measures including job cuts and processing center … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Will Really Happen In Europe?

Posted: 05 Dec 2011 03:44 PM PST

Are we really supposed to believe the news released today that German Prime Minister Angela Merkel and French Prime Minister Nicolas Sarkozy favor a meaningful change in the Maastricht Treaty which serves as the basis for the European Union?
Seriously, how many times have we gone down the road hearing that the European heads of state and central bankers have struck a deal to save the EU and the euro?
Didn't we just hear news of that sort merely a month ago and now once again all eyes and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Continue To Consolitdate After Testing The 38.2%

Posted: 05 Dec 2011 03:40 PM PST

usd/hkd continue to conslitdate after testing the 38.2% retracement level. We need to see it break below 0% to show a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Finding Support At 200 Hour Moving Average

Posted: 05 Dec 2011 03:40 PM PST

Earlier this afternoon Standard & Poor' said that it would be reviewing the credit ratings of several Euro member countries, including Germany, for possible downgrades. The Euro remained stable following the news, still trading around the 1.3400 handle; the market doesn't seem to be surprised by bad news anymore. Many are expecting the ECB to cut rates 25 basis points on Thursday morning with the possibility of also softening collateral rules for the banks. Moral  was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 05 Dec 2011 03:35 PM PST

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

NZD/USD was trading at 0.7800, down 0.03% at time of writing.

The pair was likely to find support at 0.7577, Wednesday's low, and resistance at 0.7839, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.10% to hit 1.3152 and EUR/NZD falling 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Downgrade Review: Europe On Watch

Posted: 05 Dec 2011 03:20 PM PST

12/05/11 S&P placed 15 EU nations on negative credit watch. Developments from the region ahead of the ECB rate decision and EU summit will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TCF Financial Acquires Gateway One

Posted: 05 Dec 2011 03:15 PM PST

Last week, TCF National Bank, a wholly-owned subsidiary of Minnesota-based TCF Financial Corporation (NYSE:TCB) completed the acquisition of Gateway One Lending & Finance LLC. Now onwards, Gateway will be a wholly-owned subsidiary of TCF National Bank.
Based in California, Gateway One is a private lending company in the indirect auto finance market. The company is working with more than 3,100 active dealer relationships while originating loans to consumers in 30 states. As of October 31, 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ross’ Comps Outshines Again

Posted: 05 Dec 2011 03:05 PM PST

Ross Stores Inc. (NASDAQ:ROST), the second largest off-price retailer of apparel and home accessories, reported a growth of 5% in comparable store sales for the four-week period ended November 26, 2011. The same-store sales result came in better than the company’s forecast of a 2% to 3% increase for the month.
For the month under review, sales increased 10% to $765 million from $696 million in the year-ago period. Regionally, Florida, California and Southwest were the top performing market with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Eye Patent For BIOLASE

Posted: 05 Dec 2011 02:55 PM PST

Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) has secured a new patent from the U.S. Patent and Trademark Office, which covers the application of its laser technologies for treating vision conditions.
The new patent, dubbed "Methods for Treating Eye Conditions,” covers the architecture and techniques for treating eye conditions including presbyopia (loss of near vision) using laser energy.
Presbyopia is an age-related eye condition characterized by the loss of the ability of the lens … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nexen, CNOOC To Explore GoM

Posted: 05 Dec 2011 02:46 PM PST

Canada based Nexen Inc. (NYSE:NXY) has entered into a joint venture (JV) agreement with CNOOC Ltd (NYSE:CEO) entailing the Chinese company to participate in deepwater exploration in the Gulf of Mexico (GoM).
Per the agreement, CNOOC will gain a working interest in up to six deepwater exploration wells in the GoM. The deal includes drilling the Kakuna, Angel Fire and Cypress with a 20% working interest. Currently, drilling is underway in Kakuna well on Green Canyon block 504, while the Angel Fire well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Risk Off Still Holding

Posted: 05 Dec 2011 02:44 PM PST

Cusick’s Corner
Bonds, IEF/ TLT, held into the afternoon trade and they have been the inverse of equities as far as market direction for the last half of the year. I bring this up because when I looked at the charts, I noticed a nice falling flag and we are right at the support, TLT 115, and holding into the new trading week. This is action that I want to keep an eye on as the potential bullishness continues to increase; I want to see if the bonds continue to pullback and if stocks continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Being Supported By An Upward Trendline.

Posted: 05 Dec 2011 02:44 PM PST

usd/cnh is being supported by this upward trend-line showing there is continue interest on a strong usd vs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TRW Automotive Remains Neutral

Posted: 05 Dec 2011 02:35 PM PST

We maintain our Neutral recommendation on TRW Automotive Holdings Corporation (NYSE:TRW). Headquartered in Michigan, U.S., TRW Automotive is a leading manufacturer of advanced technology products and services for the automotive markets.
The company operates in 27 countries through its subsidiaries. Operations primarily involve the design, manufacture and sale of active and passive safety related products.
TRW Automotive is also placed among the world's 10 largest suppliers of automotive systems, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Biotech Stocks On The Move

Posted: 05 Dec 2011 02:26 PM PST

  ( click to enlarge )

Even with no news, shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) have been doing very well recently, rising from $1.23 cents in October to $1.90 today, a 60% plus gain in three months. Let’s take a detail look at the stock and see if the stock is worth buying. The technical chart above shows the stock is on a bull market as the stock is trading above both 50-day and 200-day MA and 50-day MA is on top of 200-day MA heading upwards. Other technical indicator such … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Synopsys To Acquire Magma Design

Posted: 05 Dec 2011 02:15 PM PST

Almost two years since their latest acquisition,Synopsys Inc. (NASDAQ:SNPS) has  announced its plans to acquire Magma Design Automation Inc., a chip design software manufacturer. The total transaction is expected to cost $7.35 per share in cash, or a total enterprise value of $507.0 million.
The boards of directors of both the companies have approved the acquisition, and the transaction is currently subject to Magma shareholders' vote and regulatory approvals. The deal is expected to close by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CME Allows CNH For Futures Clearing

Posted: 05 Dec 2011 02:05 PM PST

Yesterday, CME Group Inc. (NASDAQ:CME) announced the acceptance of the Chinese currency used for offshore trading – offshore yuan or CNH – as collateral for clearing futures products in China. The company has put a ceiling on initial amount of acceptance of the CNH as collateral at $100 million. CME shall begin clearing futures in offshore markets against CNH from January 2012.
Accordingly, CME has also chosen HSBC Hong Kong of  HSBC Holding plc (NYSE:HBC) to be its first clearing custodian in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets Solid Despite EU Rating Jitters

Posted: 05 Dec 2011 02:00 PM PST

12/05/11 NYFP’s Closing Bell Report: The Big Board closed the session solidly higher despite ongoing concerns regarding S&P downgrade warnings to eurozone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walgreen-ESRX Clash Directs New PBM

Posted: 05 Dec 2011 01:56 PM PST

Amid the ongoing Walgreen (NYSE:WAG) and Express Script (NASDAQ:ESRX) dispute related to the use of network benefits, Chinese Community Health Plan ("CCHP"), whose prescription drug insurance is managed by Express Script, has recently decided to transform to a new pharmacy benefits management ("PBM") company, Navitus Health Solutions.
With this move, starting January 2012, the CCHP members will be able to access Walgreen pharmacies despite the prohibition related to the Walgreen-Express clash. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams’ Board Okays Spin-off

Posted: 05 Dec 2011 01:56 PM PST

Following the approval by the board of directors, Williams Corporation (NYSE:WMB) will segregate its exploration and production business, named WPX Energy Inc, by this year-end. The spin-off will be tax free, involving the allocation of all WPX Energy common stock held by Williams to stockholders.
Williams announced the proposed split of its upstream unit in February but later dropped plans for an initial public offering citing volatility and unpredictable market conditions.
For the spin-off, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 05 Dec 2011 01:55 PM PST

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

EUR/USD was trading at 1.3396, up 0.03% at time of writing.

The pair was likely to find support at 1.3260, Wednesday's low, and resistance at 1.3550, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.29% to hit 0.8562 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cigna Grows International Biz

Posted: 05 Dec 2011 01:50 PM PST

Last week, CIGNA Corp. (NYSE:CI) made two announcements relating to the expansion of its international business. Firstly, it finalized the acquisition of UK-based FirstAssist Insurance Services and secondly, it declared the addition of CIGNALinks Brazil to its global health care network.
The buyout of FirstAssist, a leading UK Travel and Protection Insurance Company, is a part of Cigna's long term strategy of accelerating its International operations under its growth strategy "Go … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Honeywell’s Effective Fertilizer

Posted: 05 Dec 2011 01:50 PM PST

Honeywell International Inc. (NYSE:HON) entered into an agreement with the world’s largest privately held food and agribusiness company, J.R. Simplot Company, to construct a facility for the production of Honeywell’s Sulf-N 26, a very efficient fertilizer.
All the agronomic benefits of traditional nitrate-based fertilizers are present in Sulf-N 26, but it has very low explosive potential. Honeywell holds the patent for producing this new, dry granular ammonium sulfate nitrate (ASN) fertilizer. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Gives Economy A Growth Shot

Posted: 05 Dec 2011 01:50 PM PST

China's new cash reserve ratio goes into effect today. The banks in China would now have to maintain 21% of total deposits in reserve as cash thanks to a 50-basis point cut announced on November 30 by China's Central Bank.
Last week, the People's Bank of China joined several central banks across the world, such as The Federal Reserve, The Bank of England and The Bank of Japan among others to shore up global liquidity and restore confidence in the markets. The downward recast comes after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR Strengthens Airport Security

Posted: 05 Dec 2011 01:25 PM PST

NCR Corp. (NYSE:NCR) recently announced that it has sealed an agreement with Transportation Security Administration (TSA). Financial details of the deal were not divulged. Under the agreement terms, NCR licensed its authentication technology to TSA.
Transportation Security Administration is an agency of the U.S. Department of Homeland Security that exercises authority over the safety and security of travelers in the United States. TSA will use the authentication technology (namely Credential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Limited Brands Sales Rise

Posted: 05 Dec 2011 01:20 PM PST

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted better-than-expected sales results for the four-week period ended November 26, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath & Body Works.
The owner of Victoria’s Secret Direct and La Senza chains has sustained its growth momentum. Limited Brands' comparable-store sales for November 2011 rose 7% following an increase of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.65%

Posted: 05 Dec 2011 01:15 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.65%, the S&P 500 index gained 1.03%, while the Nasdaq 100 index climbed 1.08%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.15%; Germany's DAX gained 0.42%; Britain's FTSE 100 climbed 0.28%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell Cuts Back Nigerian Assets

Posted: 05 Dec 2011 01:05 PM PST

Royal Dutch Shell plc (RDS.A) announced that its subsidiary – Shell Petroleum Development Company of Nigeria Limited ("SPDC") – has closed the divesture of its 30% interest in two Oil Mining Leases and related facilities in the Niger Delta, offshore Nigeria. SPDC received total cash proceeds of $488 million from the deal.
Shell sold its stakes in Oil Mining Leases 26 to Nigerian company FHN26 Limited, a unit of Afren plc, for $98 million. The divested property spreads over 185.3 square … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazon Sees Prospects In China

Posted: 05 Dec 2011 01:05 PM PST

Online retailing giant Amazon.com Inc. (NASDAQ:AMZN) has ample expansion opportunities in China, which posseses an e-commerce market growing at a double-digit percentage rate. The company’s expansion into China started with the 2004 acquisition of Joyo.com, the country's largest online retailer of books, music and videos, for $75 million.
China, one of the world's fastest growing economies, is replete with resources and is on course to becoming a central player in the global e-commerce industry. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota To Ship US-made Camry’s To South Korea

Posted: 05 Dec 2011 01:00 PM PST

12/05/11 In light of the new US-South Korea free-trade agreement, Toyota announced monday that it will finally begin exporting US-made Camry vehicles to South … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 05 Dec 2011 12:55 PM PST

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

GBP/USD was trading at 1.5648, up 0.32% at time of writing.

The pair was likely to find support at 1.5527, Wednesday's low, and resistance at 1.5780, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.30% to hit 0.8560 and GBP/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IMF Releases Loan To Greece

Posted: 05 Dec 2011 12:50 PM PST

IMF today approved a 2.2 billion euro loan to Greece, as a part of a three-year IMF-EU bailout package to the country, which is on the verge of bankruptcy.

Greece has been at the center of the Eurozone debt crisis for months and even after a year of austerity measures, its debt has increased; its deficit could exceed 9% of GDP this year and many structural reforms are still pending.

The disbursement is a part of the 30 billion euro IMF loan agreed in May last year (20.3 billion paid out so … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JCI Completes Notes Offering

Posted: 05 Dec 2011 12:50 PM PST

Johnson Controls Inc. (NYSE:JCI) announced that it has completed a public offering of $1.1 billion worth of fixed-rate senior notes. The company will use the net proceeds of about $1.09 billion for repaying short-term debt and funding general corporate purposes.
The notes include $400 million of senior notes that mature in 2016 and bear an interest rate of 2.6%, $450 million of senior notes that mature in 2021 and bear an interest rate of 3.75% and $250 million of senior notes that mature in 2041 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News: War On Alcohol Ended 78 Years Ago; Bad News: War On Drugs Kills 61 Per Day In Mexico

Posted: 05 Dec 2011 12:50 PM PST

Good News: Today marks the 78th anniversary of the repeal of America’s “War on Alcohol” on December 5, 1933, after nearly 13 years of Prohibition.  

Bad News: Largely as a result of America’s “War on Drugs,” more than 22,000 people will die this year from drug-related violence in Mexico, bringing the total number of narco-related killings to almost 55,000 in the six years since 2006 (see chart above).  At the current rate of 61 drug deaths per day, the total number of Mexican … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Bounces Off 200 Hour MA At 1.3374

Posted: 05 Dec 2011 12:45 PM PST

 
 The EURUSD has bounced off the 200 hour MA (green line in the chart above) at the 1.3374 level. The low for the day has been 1.3474. Sellers/shorts will want to see this level breached to keep the downward bias in place. A move below will next target the low from Friday at the 1.33629 level. Below that and the downside opens up for more serious selling. 
However, with the support holding the line at 1.3374, it is likely that on dips toward the moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OGE Energy Hikes Dividend

Posted: 05 Dec 2011 12:40 PM PST

OGE Energy Corporation (NYSE:OGE), a distributor of natural gas and electricity, primarily in the South Central United States, has increased its quarterly dividend by 4.67%, bringing the annualized dividend to $1.57 per share from the previous payout of $1.50 per share.
The dividend increase is effective from the first quarter of 2012. The quarterly dividend, after the hike, will come to 39.25 cents per share, up from the prior payment of 37.5 cents per share. This increased quarterly dividend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Computer Sciences Wins Task Order

Posted: 05 Dec 2011 12:35 PM PST

Computer Sciences Corp. (NYSE:CSC) recently secured a task order from the U.S. Department of State Bureau of Consular Affairs, for roughly $25.0 million. The contract has a time period of 1 year, extendable up to another 4 years.
Through this task order, Computer Sciences will provide support services for consular operations in Tel Aviv and Jerusalem. The comprehensive support service will include the processing of visa-related information, setting up appointments, collecting fees and greeting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 05 Dec 2011 12:30 PM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday.

USD/CHF was trading at 0.9214, up 0.001% at time of writing.

The pair was likely to find support at 0.9066, Wednesday's low, and resistance at 0.9252, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.3386 and USD/JPY falling 0.25% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bemis Adds Shield Pack

Posted: 05 Dec 2011 12:20 PM PST

Bemis Company Inc. (NYSE:BMS) has acquired West Monroe, Louisiana-based Shield Pack, LLC, a manufacturer of high barrier liners for bulk container packaging. The financial details of the deal have not yet been disclosed.
Shield Pack generates annual net sales of around $25 million. This transaction will not affect Bemis' 2011 EPS guidance. As a recap, Bemis had put forward an EPS guidance range of 36 cents to 42 cents for the fourth quarter of 2011 and between $1.90 and $1.96 for fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 05 Dec 2011 12:10 PM PST

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

USD/CAD was trading at 1.0179, down 0.15% at time of writing.

The pair was likely to find support at 1.0080, Friday's low, and resistance at 1.0363, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.06% to hit 1.3384 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reviewing Basic Market Structure And Reversals

Posted: 05 Dec 2011 12:02 PM PST

When you're studying a price chart to assess trading opportunities, what is your eye drawn to first?
Is it the indicators?  Is it moving averages?  How about candles?
And when you are looking to put on a trade, are you taking a moment to address the context in which you're placing the trade?
Is it a counter-trend fade?  A pro-trend retracement?  A breakout from a consolidation pattern (like a rectangle or triangle?)  And when playing the breakout, are you looking to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 05 Dec 2011 11:45 AM PST

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

EUR/USD was trading at 1.3399, up 0.05% at time of writing.

The pair was likely to find support at 1.3260, Wednesday's low, and resistance at 1.3550, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8564 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 05 Dec 2011 11:15 AM PST

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

AUD/USD was trading at 1.0256, up 0.42% at time of writing.

The pair was likely to find support at 0.9944, Wednesday's low, and resistance at 1.0329, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.48% to hit 1.3048 and AUD/JPY rising 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, December 6, 2011

Posted: 05 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, December 6, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0270
+ 0.59
1.0242
1.0110

Bullish

EURUSD – Euro / US Dollar
1.3399
− 0.02
1.3441
1.3403

Bearish

GBPUSD – British Pound / US Dollar
1.5646
+ 0.32
1.5658
1.5611

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0167
− 0.25
1.0160
1.0240

Neutral

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

The Trend Trader For Stock Trading On Tuesday, December 6, 2011

Posted: 05 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, December 6, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.00
+ 0.91
9.93
9.75

Bullish

AXP – American Express Company
48.78
+ 1.14
48.34
47.58

Bullish

BA – Boeing Co
71.09
− 0.29
71.07
69.27

Bullish

BAC – Bank of America Corporation
5.79
+ 2.66
5.67
5.52

Bullish

CAT – Caterpillar Inc
96.85
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, December 6, 2011

Posted: 05 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, December 6, 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
109.24
+ 0.11
108.98
109.14

Bullish

BND – Vanguard Total Bond Market ETF
83.41
+ 0.01
83.22
83.32

Bullish

DBC – DB Commodity Index Tracking Fd
27.63
− 0.54
27.67
27.49

Neutral

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

The Trend Trader For Futures Trading On Tuesday, December 6, 2011

Posted: 05 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, December 6, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1255.00
+ 0.92
1249.75
1225.17

Bullish

Dow Jones – Dec YMZ1
12071
+ 0.59
12053
11830

Bullish

Nasdaq – Dec NQZ1
2325.00
+ 0.94
2315.03
2275.42

Bullish

Russell – Dec TFZ1
746.20
+ 1.81
738.50
717.97

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
141-17
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US2000

Posted: 05 Dec 2011 04:03 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The US2000 index CFD broke out to the upside through an Autochartist Key Level resistance level at 743.60, signaling a potential move to the forecast price zone at 773.72 to 816.42. Momentum was strong on the initial move through resistance, but follow-through buyers were scare, creating a minor support base. Although the resistance level was penetrated, it appears that traders are still having trouble buying strength due to possible oversold conditions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 05 Dec 2011 04:03 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The rally was laborious, but the FTSE 100 managed to trend higher on Monday, taking out the previous day's high and finishing higher. This type of move is often indicative of topping action since it signals a possible lack of conviction amongst traders. Technically, overbought conditions following last week's major rally may also be causing traders to be hesitant at current price levels. This makes sense since the charts indicate limited room to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Live Cattle

Posted: 05 Dec 2011 01:02 AM PST

By ForexMansion.com
By Jonah S. Ford
Live Cattle futures may have triggered a major breakout in Monday's trading session. After a prolonged uptrend to new contract highs, the market has reversed sharply to fall out of a large Rising Wedge chart pattern. The breakout is pictured here on the Autochartist 240-minute time interval.

Chart analysis reveals this Rising Wedge as a technically solid formation, scoring very high on all rankings. The overall Quality of 9 bars is well supported by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are The Stars Aligned For A Year-End Rally?

Posted: 04 Dec 2011 10:00 PM PST

December has historically been one of the strongest months of the year for equity markets. Taking a look over the past 20 years, the S&P 500 Index in December has averaged 2 percent.

This year has been extraordinarily turbulent, though. In fact, 2011 ranks "among the most volatile market years on record," says Oppenheimer. When you look at the average absolute daily price changes of the S&P 500, you'll see that the period from July through the middle of November averaged 1.8 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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