Thursday, December 15, 2011

DailyMarkets.com - Forex Trading: USD/CNH Broke Hourly Trend Line Support

DailyMarkets.com - Forex Trading: USD/CNH Broke Hourly Trend Line Support

Forex Trading: USD/CNH Broke Hourly Trend Line Support

Posted: 15 Dec 2011 05:35 PM PST

After reaching a high of 6.4193 yesterday, the pair has traded continually lower after risk appetite has slowly reared it's head back into the market. Support was tested around 6.3972 for a short while, but with risk pairs making small gains in recent trade, the dollar has continued to weaken. To the downside we are approaching 6.3885, a resistance level from earlier in the week; further we have the 100 hour moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold (XAU/USD) Seen To Rebound?

Posted: 15 Dec 2011 05:25 PM PST

Just last September 2011, gold (XAU/USD) reached a new all-time high of just above $1,900.00 per ounce. Investors' hedging against capital losses due to the economic risks in Europe and the US was the primary reason of this ascent. This past several days, however, gold has slipped sharply.
After ranging for a while between $1,700 and $1,750 two weeks ago, gold has suddenly slipped past the $1,700 support all the way below $1,600 in just a matter of 3 days. Despite this, it appears … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 15 Dec 2011 04:35 PM PST

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

USD/JPY was trading at 77.80, down 0.06% at time of writing.

The pair was likely to find support at 77.59, Monday's low, and resistance at 78.16, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.13% to hit 1.3034 and GBP/USD rising 0.09% 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: 15 Dec 2011 04:10 PM PST

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

EUR/USD was trading at 1.3030, up 0.10% at time of writing.

The pair was likely to find support at 1.2947, Wednesday's low, and resistance at 1.3377, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8394 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foreclosures Fall 3% In November

Posted: 15 Dec 2011 03:58 PM PST

12/15/11 RealtyTrac reported a decline in monthly national foreclosure filings in November, but an increase in filings in some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Foreseeable Future

Posted: 15 Dec 2011 03:48 PM PST

Even if the optimists are right in arguing that the U.S. economy is experiencing some sort of a rebound (that’s a big “if,” by the way, that I don’t agree with), it doesn’t take away from the fact that many other issues are likely to get in the way of a sustainable recovery, now and for the foreseeable future.
Aside from the burgeoning financial crisis in Europe (where an unhappy ending seems assured) and the likely prospect of a severe downturn there and in China as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: VIX Reflects Expectations Of Movement

Posted: 15 Dec 2011 03:35 PM PST

Cusick’s Corner
The VIX was right – not much was expected to happen. With the VIX at 25, the market was priced for nothing major to happen in spite of the minefield of headlines, data etc. So this is telling me, barring a headline, that this is a market that is going to be choppy but with little conviction going out of this expiration and into the Christmas holiday. Trade should be quiet into the open tomorrow, but traditionally we see moves into the open and then settle into end of expiration. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 15 Dec 2011 03:35 PM PST

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7554, up 0.26% at time of writing.

The pair was likely to find support at 0.7462, today's low, and resistance at 0.7750, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.12% to hit 1.3152 and EUR/NZD falling 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quadruple Witching, US CPI Wrap Up Week

Posted: 15 Dec 2011 03:20 PM PST

12/15/11 As the week winds down, the global economic data will be light. Quadruple witching could add to market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM May Lose Over $1B In 2012

Posted: 15 Dec 2011 03:15 PM PST

General Motors Company's  (NYSE:GM) European arm, Opel, revealed that it expects to report an operating loss of €1 billion ($1.3 billion) due to fewer car sales than anticipated. The unit expects to sell 1.4 million vehicles in 2012, which is about 100,000 units less than the earlier projection.
The downgraded forecast is possibly based on the weakening market conditions in Europe due to the eurozone crisis and ailing condition of the unit, which GM had planned to bail out a couple of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ryder’s New Anti-Dilutive Program

Posted: 15 Dec 2011 03:00 PM PST

One of the leading integrated logistics and transport solution providers, Ryder System (NYSE:R) has announced a repurchase program involving 2 million shares. The company plans to undertake a new buyback program in order to counter the dilutive impact of shares issued under the employee stock option and employee stock purchase plans in the course of December 1, 2011 to December 13, 2013.
This is the second buyback plan after 2009, when the company bought 2 million shares to mitigate the dilutive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Health Insurance Stock Review

Posted: 15 Dec 2011 02:50 PM PST

 
AETNA INC-NEW (AET): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Credit Facility For LaSalle Hotel

Posted: 15 Dec 2011 02:50 PM PST

LaSalle Hotel Properties (NYSE:LHO) recently announced that it has entered into a new senior unsecured credit facility worth $750.0 million.The new facility replaces the company's existing $450.0 million facility expected to mature in April, 2012.The new facility matures on January 30, 2017 and also comes with an option of extending the total commitment up to $1.0 billion.
This apart, LaSalle also intends to complete the acquisition of Park Central Hotel by January 10, 2012. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Friday, Dec 16

Posted: 15 Dec 2011 02:47 PM PST

 ( click to enlarge ) 

ABAT ran for over 100% when I first alerted on Monday via twitter and made my members substantial gains !!! Once again and based on yesterday’s post, the stock performed according to my expectations today rewarding traders with a swift and easy 30% gain ! But from what I’m seeing right now… As the chart noted earlier, one of the key resistances was 87 cents ( 50-day MA ), and traders accumulated stock fast enough to bull rush past that point and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

November Exports From L.A. Port Set New Record

Posted: 15 Dec 2011 02:45 PM PST

The number of loaded export containers leaving the Los Angeles Port in November for overseas destinations reached a record high of 195,877 TEUs (20-foot equivalent units), beating the previous record of 193,547 TEUs in October (see chart above).  November exports this year are running 15% ahead of the same month last year, and above the previous month by 1.2%. Loaded import containers in October were 6.2% above the year earlier level. 

Bottom Line: Global demand for U.S. exports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

E*TRADE’s November DARTs Down

Posted: 15 Dec 2011 02:35 PM PST

Online broker E*TRADE Financial Corporation (NASDAQ:ETFC) released its Activity Report for November 2011 on Wednesday, recording a sequential as well as year-over-year drop in average U.S. trades. High market volatility was primarily responsible for the unimpressive results.
Moreover, the fourth quarter is a slower period for trading as it is a holiday season. Besides, continual worries regarding the European sovereign-debt crisis and the U.S. economy have restrained retail clients from trading.
For … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Plans $130M Facility

Posted: 15 Dec 2011 02:30 PM PST

Houston-based Kinder Morgan Energy Partners, L.P. (NYSE:KMP) plans to build, own and operate a petroleum condensate processing facility at a cost of about $130 million.
The new plant – located near Kinder Morgan's Galena Park terminal on the Houston Ship Channel – is expected to have an initial throughput of 25,000 barrels per day (bpd). The processing facility will have a provision for future expansion of up to 100,000 bpd. It will be capable of splitting condensate into its various … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Red Hat Inc.

Posted: 15 Dec 2011 02:15 PM PST

Red Hat Inc. (NYSE:RHT) is set to release its third quarter 2012 results on Monday, December 19, 2011. In the run up to the earnings results, we do not notice any substantial movement in analysts' estimates for the quarter.
Highlights from the Prior Quarter
Red Hat reported earnings per share (EPS) of 22 cents (including stock-based compensation expenses but excluding amortization), which increased 69.2% from 13 cents reported in the year-ago quarter.
Strong bottom-line growth was primarily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Michael Kors Makes Its Debut, In Style

Posted: 15 Dec 2011 09:15 AM PST

12/15/11 Fashion designer Michael Kors entered the New York Stock Exchange today to ring the Opening Bell and help launch the trading debut of the company that bears his … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PivotBoss Stocking Stuffers!

Posted: 15 Dec 2011 02:12 PM PST

With holiday trading quickly approaching, what better way to pass the time than sharpening your game with these PivotBoss stocking stuffers! From FREE to 50% Off, here's a few items every trader should have in their stocking.
Buy SPB, Get JYT FREE!
Get the Jumpstart Your Trading DVD FREE when you purchase from the PivotBoss Shop! Now's the time to see why traders all over the world have called Secrets of a Pivot Boss one of the best trading books on the market. If you order now, you'll … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bullish On Macy’s

Posted: 15 Dec 2011 02:04 PM PST

Macy's Inc.'s (NYSE:M) growth momentum continued throughout the year, and we believe it will sustain the tempo as it enters 2012. The company's persistent effort to keep itself on the growth trajectory has paid off in an economy, whose turmoil seems to have no end. 
Initiatives Taken
Macy's sustained focus on price optimization, inventory management, merchandise planning and private label offering, positions it to drive traffic, meet customer-oriented demand and improve the shopping … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Snap Three-day Losing Streak

Posted: 15 Dec 2011 09:00 AM PST

12/15/11 With strong data outweighing concerns over European debt, the Big Board finally snapped a recent losing streak to close with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab Reports 4Q Outlook & DARTs

Posted: 15 Dec 2011 01:50 PM PST

On Wednesday, Charles Schwab Corp. (NASDAQ:SCHW) released its Activity Report for November 2011. Concurrently, the company has provided an updated outlook for the fourth quarter of 2011.
The 4Q Guidance
Schwab expects its fourth quarter results to decline sequentially. Lower net interest margin (NIM), volatile global equity market and slow client trading activity will be the chief reasons behind this drop.
Schwab anticipates continued acceleration in prepayments of agency issued mortgage-backed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong Data Lifts U.S. Stocks; Dow Gains 0.38 %

Posted: 15 Dec 2011 01:36 PM PST

Forexpros – bsp;
Forexpros – U.S. stocks snapped a three day losing streak after manufacturing and employment numbers reflected a growing economy.

At the close of U.S. trade, the Dow Jones Industrial Average gained 0.38%, the S&P 500 advanced 0.33% and the Nasdaq Composite moved higher by 0.07%.

Eight out of ten sectors in the S&P 500 showed gains with consumer staples, health care and utilities leading the way, energy and technology lagged the group.

Plummeting crude oil prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Broadcom Eyes Acquisitions

Posted: 15 Dec 2011 01:30 PM PST

Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) continues to make efforts to broaden its product portfolio. According to Forbes, Broadcom intends to buy Israeli-based BroadLight Ltd., for roughly $200.
BroadLight provides highly integrated networking and embedded processors which enable fiber grade quality of service delivery for central office and customer premise equipment.
Established in 2000, privately-held BroadLight has offices in Santa Clara, CA, China, Taiwan and Korea. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apogee Returns To Profit

Posted: 15 Dec 2011 01:20 PM PST

Apogee Enterprises Inc. (NASDAQ:APOG) reported earnings per share of 20 cents for fiscal 2012 third quarter ending November 26. Results reversed the loss per share of 8 cents in the year-ago quarter and were ahead of the Zacks Consensus Estimate of 11 cents.
Operational Update
Apogee's total revenue increased 19% to $174.9 million in the reported quarter, outpacing the Zacks Consensus Estimate of $170 million. The increase in revenue was largely driven by double-digit growth in Architectural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Progress At Cubist Pharma

Posted: 15 Dec 2011 01:05 PM PST

Cubist Pharmaceuticals Inc. (NASDAQ:CBST) recently announced that it has initiated a pivotal late-stage study (n~780) of its pipeline candidate ,CXA-201, in patients suffering from complicated intra-abdominal infections (cIAI). The study is the first of the two late-studies for evaluating the safety and effectiveness of CXA-201, as a combination therapy, versus AstraZeneca's (NYSE:AZN) Merrem for the cIAI indication.
The multicenter, global, double-blind, randomized study intends to establish the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Drops On U.S. Industrial Production

Posted: 15 Dec 2011 01:05 PM PST

Forexpros –
Forexpros – Crude oil futures dropped for the second day in a row on Thursday due to declining U.S. industrial production.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD93.47 a barrel during late U.S. trade, giving back 1.61%.

It earlier hit a daily high of USD95.38 a barrel.

Weakness in the U.S. dollar did little to help the bearish crude price environment.

The dollar index, which tracks the performance of the greenback … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR Expanding MEA Footprint

Posted: 15 Dec 2011 01:00 PM PST

NCR Corp. (NYSE:NCR) will soon be offering a range of independent data center design consultancy services in the Middle East and Africa (MEA). To make its cloud-based services operational, NCR will join hands with Foresight Technologies Pvt. Ltd. UAE-based Foresight has more than 50 years of experience in providing information technology and telecom solutions.
Gartner expects the data center market to grow at a 5-year (2010-2015) CAGR of 18.9% to $176.8 billion. Therefore, NCR's program is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

India To Push Reform With Retail FDI

Posted: 15 Dec 2011 01:00 PM PST

India's Prime Minister Manmohan Singh has refused to relent on allowing foreign direct investment (FDI) in retail in an interview to Bloomberg. Although the political opposition to reforming the sector is fierce and refuses to die down, Singh's government will push its agenda ahead.
The retail sector in India is largely unorganized — a predominant preserve of small shopkeepers and 'corner' shops. The sector suffers from dis-economies of scale and over-intermediation, operates on thin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Setback For Glaxo

Posted: 15 Dec 2011 12:50 PM PST

GlaxoSmithKline (NYSE:GSK) recently announced disappointing results from a phase III study TEACH (Tykerb Evaluation After Chemotherapy) of Tykerb (lapatinib) as a delayed adjuvant monotherapy for patients suffering from HER2 positive breast cancer. The data was presented at the 2011 CRTC-AACR San Antonio Breast Cancer Symposium.
The randomised, double-blind, placebo-controlled, study evaluated Tykerb in HER2 positive breast cancer patients, who remained disease free after receiving treatment and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3 Paths For Europe

Posted: 15 Dec 2011 12:35 PM PST

The underlying cause of the Euro crisis is the massive internal European Trade imbalances, not fiscal irresponsibility on the part of the weaker "Club Med" countries leading up to the 2008 Financial meltdown (with the exception of Greece, which had both big fiscal and trade deficits).

Indeed, if you had looked at just the budget deficits of the countries in Europe in 2007, you would have predicted that Spain and Ireland would be the areas of strength and Germany would be one of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Hips Product From Zimmer

Posted: 15 Dec 2011 12:30 PM PST

Leading orthopedic medical devices company, Zimmer Holdings (NYSE:ZMH) recently announced the launch of CLS Brevius Hip Stemwith Kinectiv Technology in the US. Earlier in 2011, the company introduced CLS Brevius Stem in Europe and received positive clinical feedback.
The CLS Brevius Stem originates from CLS Spotorno Stem of Zimmer. CLS Brevius Stem with Kinectiv Technology is shorter than conventional stems, providing greater bone conservation compared to the original CLS Spotorno Stem. Zimmer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Myriad Bracanalysis Proves Cheaper

Posted: 15 Dec 2011 12:25 PM PST

Myriad Genetics' (NASDAQ:MYGN) study found Bracanalysis to be cost effective. The data was recently presented at a Breast Cancer conference.
The study demonstrated the cost effectiveness of Bracanalysis in asymptomatic women in US who have a higher probability of having a BRCA1 or BRCA2 mutation based on family history. The test is cost effective if a woman has a 3.1% probability of a mutation. This would bring 7% women (11 million) in the US under the ambit thereby doubling the current market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thursday’s Economic Data

Posted: 15 Dec 2011 12:15 PM PST

1. 30-year mortgage rates fell to a new record low this week of 3.94%, along with a new record low for 15-year rates at 3.21%. 

2.  The Empire State Manufacturing Survey for manufacturing activity showed a strong improvement in December. The general business conditions index for New York State rose nine points to 9.5, the highest level since last May.

3. The Philadelphia Fed’s index of manufacturing activity for that region remained positive for the third consecutive month and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AMAG’s Feraheme Gets Canada Nod

Posted: 15 Dec 2011 12:06 PM PST

After a long time AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) got a chance to announce some good news. AMAG and partner Takeda stated that Health Canada has approved its sole marketed drug Feraheme as an intravenous (IV) iron replacement therapeutic for the treatment of iron deficiency anemia (IDA) in chronic kidney disease (CKD) patients. AMAG is entitled to receive a milestone payment of $3 million from Takeda upon first commercial sale in Canada.
Feraheme is already marketed in the US for the disease … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arch Coal Boosts PRB Reserves

Posted: 15 Dec 2011 11:50 AM PST

Arch Coal Inc. (NYSE:ACI) expanded its coal reserves in the Powder River Basin ("PRB") through a successful bidding of a coal lease. The bid was for the South Hilight tract in the southern PRB.
Arch offered $1.35 per ton for the South Hilight reserves, estimated to contain 222 million tons of minable coal in Campbell County, Wyoming. The company will pay the bid amount of $300 million in five equal installments with the first one of $60 million to be paid immediately.
Coal from this reserve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Slips On Spanish Auction And Stronger Economic Data

Posted: 15 Dec 2011 11:50 AM PST

Forexpros – The U.S. dollar slipped lower on Thursday after stronger than expected euro zone economic figures and a positive Spanish note auction.

During late session U.S. trade, the greenback was down against the euro, with EUR/USD gaining 0.296% to hit 1.3020.

The single currency gained strength on a better than expected Spanish note auction and a technical bounce from 11 month lows.

The greenback was also down against the pound, with GBP/USD gaining 0.0045% to hit 1.5512.

Spain sold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Potential Squeeze

Posted: 15 Dec 2011 11:41 AM PST

Cusick’s Corner
The market has been chopping around into the Midday in a tight range, but the bid is still in control at this stage. The pressure will be on the shorts this afternoon as we get down to the last day to trade European-style options like the SPX. This is where you might see either a chop into the end of the day or the shorts might get squeezed into the close. See you After Hours.
Stock market averages are holding modest gains with help from economic data Thursday, but the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon To Aid The FUSE Program

Posted: 15 Dec 2011 11:40 AM PST

Raytheon BBN Technologies, a wholly owned subsidiary of Raytheon Company (NYSE:RTN), has received a $5.2 million contract from the Intelligence Advanced Research Projects Activity ("IARPA").
The contract lies under the Foresight and Understanding from Scientific Exposition ("FUSE") program. The main objective of the FUSE program is to develop methods that automatically help analysts and subject-matter experts to get acquainted with emerging technologies in published scientific, technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta Sees Strong Annual Profit

Posted: 15 Dec 2011 11:25 AM PST

The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) expects to earn a profit of $800 million for the full fiscal year amid rising fuel prices and a slow moving economy. Fuel expenses would rose 30% from the last year, resulting in $3 billion of extra fuel cost.
The company had already generated a profit of $429 million in the first nine months. Excluding special items, adjusted earnings would be $1.1 billion for the full year, as stated by the company at its investor meet in New York. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nabors Sheds California Assets

Posted: 15 Dec 2011 11:02 AM PST

Ramshorn Investments Inc, the wholly owned subsidiary of Nabors Industries Ltd. (NYSE:NBR), announced that it has completed the divesture of all of its interests in some oil and gas properties in California. The deal will fetch Nabors approximately $72 million in cash.
The assets were sold to an undisclosed buyer in a deal that entails the purchaser to continue utilizing Nabors’ rigs.
We believe this sale highlights Nabors' efforts to divest low profit generating upstream properties and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Drop For Fourth Day

Posted: 15 Dec 2011 10:54 AM PST

Forexpros – bsp;- Gold futures fell again Thursday pointing toward the first quarterly loss in 3 months after the Feds refrained from additional stimulus.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1576.15 a troy ounce during mid U.S. trade falling 0.65%.

It earlier hit a high of USD1596.45.

Gold futures were likely to find support at USD1570.45 and technical resistance exists at USD1577.15.

Yesterday, the precious metal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comerica To Continue Share Buyback

Posted: 15 Dec 2011 10:50 AM PST

Comerica Incorporated (NYSE:CMA) has been boosting investors' confidence by redeploying capital. The company's board of directors has approved its plan to continue with the current share repurchase program in the first quarter of 2012. Management expects the share repurchase program along with dividend payments to result in a payout of up to 50% of net income for the first quarter of 2012.
Notably, on November 16, 2010, Comerica's board of directors authorized the company to repurchase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valdes: “No Santa This Year”

Posted: 15 Dec 2011 10:30 AM PST

12/15/11 DME Securities’ Alan Valdes discusses global economic data releases, commodity prices and expectations for the rest of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Eases Higher On Economic Data

Posted: 15 Dec 2011 10:18 AM PST

Forexpros – The euro eased higher against the U.S. dollar during mid U.S. trade Thursday on stronger economic numbers.

EUR/USD hit a low of 1.2957 and a high of 1.3050 during U.S. trade and is trading higher by 0.18%.

The pair was likely to find support at 1.2993 and technical resistance exists at 1.3019.

The single currency eased off of 11 month lows against the dollar on a report indicating euro zone manufacturing contracted less than expected and Spain exceeding its maximum selling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Struggles To Hold Gains

Posted: 15 Dec 2011 08:00 AM PST

12/15/11 With options expiration approaching and much volatility in the forex markets, front month crude prices were trading just a slight bit lower this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 15 Dec 2011 05:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The evidence is in and it is official, the FTSE is rangebound, but depending on how one looks at it, it is setting up for either a prolonged sideways move or a range compression pattern followed by a volatile breakout. This is because the index is either forming a long rectangle or an almost symmetrical triangle chart pattern. A rectangular pattern will mean the index will trade with wide ranges. A triangular pattern will force the daily ranges to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Japanese 225 (JP225)

Posted: 15 Dec 2011 04:31 AM PST

By ForexMansion.com
By, James A. Hyerczyk
A successful test of slightly below 8378.04 by the Japanese 225 (JP225) index CFD led to the formation of a short-term support base. This helped finish an emerging channel down chart pattern on the 60-minute chart. Autochartist is projecting a possible rally from this low level, but since the initial trend was down, traders should watch for a possible reversal signal rather than the usual continuation move.

The quality of the chart pattern is rated a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, December 16, 2011

Posted: 15 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, December 16, 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
109.68
− 0.21
109.75
109.28

Neutral

BND – Vanguard Total Bond Market ETF
83.82
− 0.05
83.75
83.39

Bullish

DBC – DB Commodity Index Tracking Fd
25.96
− 0.50
26.47
27.46

Bearish

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

The Trend Trader For Stock Trading On Friday, December 16, 2011

Posted: 15 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, December 16, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.78
− 1.79
9.01
9.72

Bearish

AXP – American Express Company
46.42
− 1.40
47.20
48.61

Bearish

BA – Boeing Co
70.61
+ 0.96
70.78
71.44

Bearish

BAC – Bank of America Corporation
5.26
+ 0.57
5.31
5.73

Bearish

CAT – Caterpillar Inc
87.70
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, December 16, 2011

Posted: 15 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, December 16, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9920
+ 0.12
0.9973
1.0214

Bearish

EURUSD – Euro / US Dollar
1.3014
+ 0.26
1.3032
1.3383

Bearish

GBPUSD – British Pound / US Dollar
1.5510
+ 0.30
1.5493
1.5666

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0346
− 0.46
1.0348
1.0161

Neutral

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

The Trend Trader For Futures Trading On Friday, December 16, 2011

Posted: 15 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, December 16, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1211.75
+ 0.46
1215.81
1247.25

Bearish

Dow Jones – Mar YMH2
11822
+ 0.51
11848
12086

Bearish

Nasdaq – Mar NQH2
2223.25
− 0.24
2249.83
2307.67

Bearish

Russell – Mar TFH2
713.00
+ 1.24
712.90
735.07

Neutral

INTEREST RATES

US T-Bond – Mar ZBH2
144-05
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Daily Commodities Update: Wheat

Posted: 15 Dec 2011 01:03 AM PST

By ForexMansion.com
By Jonah S. Ford
Wheat futures drifted towards a retest of key level support in Thursday's session, as identified by Autochartist and shown here on the hourly chart. This push lower indicates a likely continuation towards the horizontal trend line at 573.75 cents per bushel, where a confirmation of the support will be needed if the market is to recover and turn higher.

The Autochartist Key Level indicator scores the significance of this approach to support at a high 9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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