DailyMarkets.com - Forex Trading: USD Firmer In Recent Trading

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• Forex Trading: USD Firmer In Recent Trading
• Copper Futures Ease Off 1-week Low As Italy Debt Sale Eyed
• Forex – Dollar Mixed Vs. Rivals, Italian Debt Sale Eyed
• Gold Snaps Multi-Year Support, Pointing To Major Trend Change
• European Stocks Higher Ahead Of Italian Auction; DAX Up 0.55%
• Euro Zone M3 Money Supply Grows Less-than-expected
• Crude Oil Futures Steady Ahead Of Italian Auction
• Forex – GBP/USD Steady In Thin Trade, Focus On Italian Debt Sale
• Gold Futures Trade At 3-month Low Ahead Of Italian Debt Sale
• Forex – USD/JPY Lower As Risk Aversion Escalates
• Forex – NZD/USD Range Bound Ahead Of Italian Bond Auction
• Forex – AUD/USD Almost Unchanged In Subdued Trade
• Asia Stocks Retreat With Italy In Focus; Nikkei Slumps 0.3%
• Forex – EUR/USD Hits 1-year Low, Eyes On Italy Bond Sale
• Bear Of The Day: Citi Trends, Inc. (CTRN)
• Growth & Income Stock: Insperity, Inc.
• Momentum Stock: Tredagar Corp.
• Bull Of The Day: Interactive Brokers Group (IBKR)
• Aggressive Growth Stock: Citizens Republic Bancorp
• Forex Trading: Usd/sgd Getting Close To The Top Of This Downward Wedge
• Forex Trading: Usd/hkd Grinding Lower In This Downward Channel.
• Forex – GBP/USD Drops On Banking Unease In Europe
• Too Much Kool-Aid In The Eggnog
• Forex – Dollar Firms Amid Euro Selloff
• Asia Stocks Fall On Europe Bank Deposits; Nikkei Down 0.75%
• Gold Slips Amid Global Rush For Dollars
• Crude Oil Futures Gain As Dollar Rally Takes Breather
• Forex – EUR/USD Dives On Growing European Jitters

Forex Trading: USD Firmer In Recent Trading Posted: 29 Dec 2011 03:22 AM PST In the case of the USD vs CHF, we are nearing a full retracement of the most recent move from today's high of .94517 to the low of .94178. The pair is also receiving upward trend line support which began at the end of yesterday's trading day. The bullish target is .94517, and the 61.8% in the case of a pullback. From a longer term perspective, the next topside target is .95462. The pair is also recieving trend line support on the daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Ease Off 1-week Low As Italy Debt Sale Eyed Posted: 29 Dec 2011 01:59 AM PST Forexpros – Copper futures trimmed losses in thin trade on Thursday, but remained close to a one-week low as markets remained jittery ahead a closely-watched Italian bond auction later in the day. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.361 a pound during European morning trade, slipping 0.13%. It earlier fell by as much as 0.95% to trade at USD3.325 a pound, the lowest since December 20. With most investors already away … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed Vs. Rivals, Italian Debt Sale Eyed Posted: 29 Dec 2011 01:37 AM PST Forexpros – The U.S. dollar was mixed against its major counterparts in subdued year-end trade on Thursday, as investors eyed an Italian bond auction later in the day after a previous debt sale failed to strengthen market sentiment. During European late morning trade, the dollar was higher against the euro, with EUR/USD shedding 0.15% to hit 1.2921, hovering close to a one-year low. With most investors already away on year-end leave, trading volumes were thin, resulting in tight liquidity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Snaps Multi-Year Support, Pointing To Major Trend Change Posted: 29 Dec 2011 01:35 AM PST Talking Points Crude Oil Appears Poised Higher as S&P 500 Futures Signal Risk Recovery Gold Break Past 3-Year Trend Line Support Points to Major Trend Change WTI Crude Oil (NY Close): $99.36 // -1.98 // -1.95% Crude prices pulled back on broad-based risk aversion amid escalating Eurozone debt crisis stress yesterday. Looking ahead, broad sentiment trends remain in focus, with all eyes on another Italian debt auction. This time, the Eurozone's largest debt-crisis victim (so far) will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher Ahead Of Italian Auction; DAX Up 0.55% Posted: 29 Dec 2011 01:19 AM PST Forexpros – European stock markets edged higher in thin year-end trade on Thursday, as markets eyed Italy's second government bond auction this week amid sustained concerns over the financial crisis in the euro zone. During European morning trade, the EURO STOXX 50 rose 0.26%, France's CAC 40 advanced 0.25%, while Germany's DAX 30 added 0.55%. With most investors already away on year-end leave, trading volumes were thin, resulting in tight liquidity conditions and irregular … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone M3 Money Supply Grows Less-than-expected Posted: 29 Dec 2011 01:14 AM PST Forexpros – Pros – The euro zone’s M3 money supply grew less-than-expected in November, official data showed on Thursday. In a report, the European Central Bank said M3 money supply in the single currency bloc rose at annualized rate of 2.0% in November, below expectations for a gain of 2.5%. M3 money supply in the euro zone rose 2.6% in the preceding month. The three-month average of the annual growth rates of M3 in the period from September to November decreased to 2.5% from 2.8% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Steady Ahead Of Italian Auction Posted: 29 Dec 2011 12:59 AM PST Forexpros – Crude oil futures held steady in thin trade on Thursday, fluctuating between small gains and losses as markets awaited the outcome of a closely-watched auction of long-term Italian debt. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD99.55 a barrel during European morning trade, adding 0.18%. The February contract traded between a range on USD99.16, the daily low and USD99.86, the session's high. Trading volumes were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Steady In Thin Trade, Focus On Italian Debt Sale Posted: 29 Dec 2011 12:44 AM PST Forexpros – The pound was steady against the U.S. dollar in subdued trade on Thursday, as markets turned to an Italian debt auction later in the day amid ongoing worries over the handling of the debt crisis in the euro zone. GBP/USD hit 1.5429 during European morning trade, the pair's lowest since December 14; the pair subsequently consolidated at 1.5452, easing 0.03%. Cable was likely to find support at 1.5408, the low of December 14 and resistance at 1.5528, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Trade At 3-month Low Ahead Of Italian Debt Sale Posted: 29 Dec 2011 12:29 AM PST Forexpros – Gold futures slumped to the lowest level in three months on Thursday, as investors were reluctant to open new positions before the new-year amid lingering concerns over the euro zone's debt crisis, with moves amplified in poor year-end liquidity. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,552.85 a troy ounce during early European morning trade, slumping 0.72%. It earlier fell by as much as 0.85% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower As Risk Aversion Escalates Posted: 29 Dec 2011 12:21 AM PST Forexpros – The U.S. dollar was sharply lower against the yen in thin year-end trade on Thursday, as increased risk aversion due to concerns over the euro zone's debt crisis and its effects on Japan's economy supported demand for the safe haven yen. USD/JPY hit 77.68 during early European trade, the daily low; the pair subsequently consolidated at 77.71, retreating 0.29%. The pair was likely to find support at 77.48, the low of December 9 and resistance at 78.03, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Range Bound Ahead Of Italian Bond Auction Posted: 29 Dec 2011 12:10 AM PST Forexpros – The New Zealand dollar was steady against its U.S. counterpart in thin trade on Thursday, as investors eyed an Italian bond sale later in the day after a previous debt auction Wednesday failed to reassure markets. NZD/USD hit 0.7654 during late Asian trade, the pair's lowest since December 20; the pair subsequently consolidated at 0.7695, easing up 0.07%. The pair was likely to find support at 0.7609, the low of December 12 and resistance at 0.7755, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Almost Unchanged In Subdued Trade Posted: 28 Dec 2011 11:59 PM PST Forexpros – The Australian dollar was almost unchanged against its U.S. counterpart on Thursday, as market sentiment weakened ahead of Italy's second bond auction this week amid sustained concerns over the euro zone's debt woes. AUD/USD hit 1.0045 during late Asian trade, the pair's lowest since December 20; the pair subsequently consolidated at 1.0092, inching down 0.01%. The pair was likely to find support at 0.9979, the low of December 13 and resistance at 1.0148, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Retreat With Italy In Focus; Nikkei Slumps 0.3% Posted: 28 Dec 2011 11:49 PM PST Forexpros – Asian stock markets were broadly lower in thin year-end trade on Thursday, as investors were reluctant to open new positions before the new year amid lingering concerns over the euro zone's debt crisis. During late Asian trade, Hong Kong’s Hang Seng Index fell 0.7%, Australia's S&P/ASX200 shed 0.4%, while Japan's Nikkei 225 Index dipped 0.2%. With most investors already away on year-end leave, trading volumes were thin, resulting in tight liquidity conditions and quiet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Hits 1-year Low, Eyes On Italy Bond Sale Posted: 28 Dec 2011 11:20 PM PST Forexpros – The euro fell to a one-year low against the U.S. dollar on Thursday, as investors remained cautious ahead of an Italian bond auction later in the day, despite a successful debt sale on Wednesday. EUR/USD hit 1.2888 during late Asian trade, the pair's lowest since January 10, 2011; the pair subsequently consolidated at 1.2937, edging down 0.03%. The pair was likely to find support at 1.2888, Thursday's low and resistance at 1.3049, the high of December 15. With most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Citi Trends, Inc. (CTRN) Posted: 28 Dec 2011 11:05 PM PST Citi Trends, Inc. (NASDAQ:CTRN) falling comparable store sales, coupled with rising operating expenses battered the third-quarter 2011 results. The company incurred a quarterly loss of $0.38 per share that broadened from the prior-period loss of $0.03. The Zacks Consensus Estimate for the quarter was a loss of $0.37 per share. Further, due to uncertainty hovering around sales given the global economic unrest, the company rolled back its earnings guidance range of $1.25 to $1.35 per share for fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Insperity, Inc. Posted: 28 Dec 2011 11:05 PM PST Insperity, Inc. (NSP) recently delivered its 7th consecutive positive earnings surprise on the back of 14% revenue growth and 32% EPS growth. Analysts revised their estimates higher for both 2011 and 2012 off the strong quarter, sending the stock to a Zacks #1 Rank (Strong Buy). The company also has a solid balance sheet and pays a dividend that yields 2.4%. Valuation is attractive too, with shares sporting a PEG ratio of just 0.5. Company Description Insperity, Inc. is a professional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Tredagar Corp. Posted: 28 Dec 2011 11:05 PM PST Tredagar Corp. (TG) has been trading strong for the last few months, recently jumping back to its 52-week high on another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a hot pick for momentum. Company Description Tredagar Corp., through its subsidiaries, manufactures and sells plastic films and aluminum extrusions worldwide. The company was founded in 1988 and has a market cap of $716 million. Tredagar has been on the upswing since early … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Interactive Brokers Group (IBKR) Posted: 28 Dec 2011 11:05 PM PST Interactive Brokers Group (NASDAQ:IBKR) third-quarter earnings were double the Zacks Consensus Estimate. Improved top line and substantially higher net income attributable to non-controlling interests were among the positives. These were partly offset by higher interest and non-interest expenses. Interactive’s fundamentals remain strong with a liquid balance sheet. Continued strong performance of its brokerage business and quarterly dividend restoring were impressive. Our six-month target price of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Citizens Republic Bancorp Posted: 28 Dec 2011 11:05 PM PST Citizens Republic Bancorp (CRBC) is a small bank that has seen its Zacks Consensus Earnings Estimates move higher of late. The stock is a Zacks #1 Rank (Strong Buy). Company Description Citizen Republic Bancorp is a $9.6 billion bank holding company headquartered in Flint Michigan. The bank offers commercial, retail & wealth management capabilities in the Midwest. Its 220 branches are located in Michigan , Wisconsin, northeastern Ohio and Indiana. Analysts see Earnings Improving The Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Getting Close To The Top Of This Downward Wedge Posted: 28 Dec 2011 08:18 PM PST usd/sgd getting close to the top of this downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Grinding Lower In This Downward Channel. Posted: 28 Dec 2011 08:18 PM PST usd/hkd grinding lower in this downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Drops On Banking Unease In Europe Posted: 28 Dec 2011 08:00 PM PST Forexpros – The pound fell against the dollar Thursday, weakening amid a global rush for the greenback fueled by reports the credit crisis in Europe shows no signs of loosening its grip. GBP/USD hit 1.5456 during in Asian trading Thursday, down 0.02% and up from a session low of 1.5429 and a high of 1.5464. The pair was likely to find technical support at 1.5354 and resistance at 1.5608. In Europe, news broke that financial institutions were lining up to make deposits with the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Too Much Kool-Aid In The Eggnog Posted: 28 Dec 2011 07:33 PM PST As is typical this time of year, optimism is on the upswing, and many commentators have convinced themselves that the next 12 months will be better than the last. However, reports from the economy’s front lines suggest otherwise. For one thing, corporate chieftains — who are generally not dour types – are less than enthusiastic about prospects for the period ahead, as the Los Angeles Times’ Money & Company blog reports in “Top U.S. CEOs Still Cautious about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Firms Amid Euro Selloff Posted: 28 Dec 2011 07:16 PM PST Forexpros – The dollar was stronger against most of the world’s major currencies Thursday after reports emerged that European banks have been depositing hefty sums of money with their central bank instead of lending it out, which fueled a euro selloff. During Asian trading on Thursday, the greenback was up against the euro, with EUR/USD shedding 0.05% to hit 1.2935. Reports from Europe indicated that banks are using the European Central Bank’s overnight deposit facility heavily, making a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Fall On Europe Bank Deposits; Nikkei Down 0.75% Posted: 28 Dec 2011 06:35 PM PST Forexpros – Asian stock markets opened down Thursday on fears that the European debt crisis is showing no signs of abating after reports emerged that European financial institutions are stockpiling cash. During morning Asian trading, Hong Kong’s Hang Seng Index was down 1.14%, Australia’s S&P/ASX200 was down 1.07%, while Japan's Nikkei 225 Index was down 0.75%. In Europe, bank use of the European Central Bank’s overnight deposit facility hit a record EUR452.03 billion, fueling fears … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Slips Amid Global Rush For Dollars Posted: 28 Dec 2011 05:41 PM PST Forexpros – Gold prices fell Thursday as investors avoided the precious metal and snapped up dollar positions on fears that the European debt crisis is seriously eroding credit markets there. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,556.15 a troy ounce early in Asian trade, down 0.51%. Gold futures were likely to test support at USD1,551.05 a troy ounce, Wednesday’s low, and resistance at USD1,608.65, Monday’s high. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Gain As Dollar Rally Takes Breather Posted: 28 Dec 2011 05:20 PM PST Forexpros – Crude futures gained Thursday, climbing back into positive territory after investors sold the commodity to take profits and invest in the dollar, which shot up on fresh European credit worries. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD99.39 a barrel in early Asian trading, up 0.03%. The commodity hit a session high of USD99.86 and a low of USD99.16 earlier Thursday. Iran’s threats to block the Strait of Hormuz to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Dives On Growing European Jitters Posted: 28 Dec 2011 04:47 PM PST Forexpros – The euro fell against the dollar Thursday on fears that Europe’s banks are bracing for increasing uncertainty across the crisis-ridden continent. EUR/USD hit 1.2905 during early Asian trading, down 0.28%, up from a session low of 1.2888 and off from a high of 1.2944. The pair was likely to test technical support at 1.2866 and resistance at 1.3034. In Europe, bank use of the European Central Bank’s overnight deposit facility hit a record EUR452.03 billion, fueling fears that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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