Sunday, December 18, 2011

DailyMarkets.com - Forex Trading: Usd/hkd Testing The 61.8% Retracement Level.

DailyMarkets.com - Forex Trading: Usd/hkd Testing The 61.8% Retracement Level.

Forex Trading: Usd/hkd Testing The 61.8% Retracement Level.

Posted: 18 Dec 2011 05:36 PM PST

usd/hkd testing the 61.8% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Looking For Support

Posted: 18 Dec 2011 05:36 PM PST

The USDSGD pair could be developing a double top if the pair continues lower, however the long-term moving average have turned bullish and the pair could find support below the 21 day moving average where daily trendline support and the 50% retracement of this move converge. Stay tuned as further meetings out of Europe and bond auctions later today could quickly change the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SEC’s Robert Khuzami: “All Individuals Will Be Held Accountable…”

Posted: 18 Dec 2011 04:35 PM PST

What do we think of the SEC's attempt to pursue former Freddie (NYSE:FRE) and Fannie (NYSE:FNM) CEOs Richard Syron and Daniel Mudd?
Is this a fully legitimate pursuit of justice against these executives? Could there be more than a whiff of political motivation on the part of the current administration buried in this pursuit?
As The New York Times reports the other day, SEC Accuses Fannie and Freddie Ex-Chiefs of Deception,

On Friday, S.E.C. officials trumpeted their actions in the Fannie and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD Continues Trapped Below Trendline

Posted: 18 Dec 2011 04:35 PM PST

The USDHKD chart we have been reviewing continues to show the pair trading off both former trendline support and now the 100 day moving average. A break of both levels could lead the pairs to retest the November highs if the USD rally can pick up some steam again. A lot will depend on French and Spanish bond auctions to take place later … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The Asian Session

Posted: 18 Dec 2011 03:30 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.5523, down 0.14% at time of writing.

The pair was likely to find support at 1.5410, Wednesday's low, and resistance at 1.5626, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8398 and GBP/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Whipped Cream Vodka

Posted: 18 Dec 2011 03:09 PM PST

And marshmallow-flavored … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trade

Posted: 18 Dec 2011 03:00 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Sunday.

USD/JPY was trading at 77.78, up 0.01% at time of writing.

The pair was likely to find support at 77.62, Friday's low, and resistance at 78.16, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.3034 and GBP/USD falling 0.07% 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: 18 Dec 2011 02:25 PM PST

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

EUR/USD was trading at 1.3037, down 0.04% at time of writing.

The pair was likely to find support at 1.2947, Wednesday's low, and resistance at 1.3238, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8402 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Australia200 (AUS200)

Posted: 18 Dec 2011 04:31 AM PST

By ForexMansion.com
By, James A. Hyerczyk
After straddling the Autochartist Key Levels support level at 4134.00 for several 30-minute time periods, it looks as if the Australia200 (AUS200) index CFD has finally succumbed to selling pressure and is poised to break sharply. If downside momentum can continue then this index CFD will likely reach the Autochartist forecast price zone at 4111.19 to 4079.84 over the near-term.

When using the Autochartist Key Levels trading tool to gauge the sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 18 Dec 2011 04:31 AM PST

By ForexMansion.com
By, James A. Hyerczyk
Besides the obvious rectangular and triangular patterns keeping the FTSE 100 in check since July, a shorter-term look at the market shows the formation of an inverse head and shoulders chart pattern. This pattern usually indicates the potential for a strong breakout to the upside. However, as a sign of just how bearish this market has become, this pattern is beginning to show signs of failure.
The first shoulder was formed following the market's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly ASX Update: AGL Energy Limited FPO (AGK.AX)

Posted: 18 Dec 2011 04:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
AGL Energy Limited FPO (AGK.AX) broke out to the upside of a triangle chart pattern on the 240-minute chart. Not only did the equity CFD surge through a downtrending resistance level, but it also took out the December 5 swing top at 14.70 to change the main trend to up. The size of the candlestick on the breakout indicates the presence of high volatility, putting the market in a position to test the Autochartist forecast price zone at 14.91 to 15.29 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: US2000

Posted: 18 Dec 2011 04:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
A third lower top near 749.50 helped to form the resistance line of an emerging triangle chart pattern on the US2000 chart. This triggered the start of a break that may turn into a completed chart pattern if downside momentum continues. Although the initial trend on this 1440-minute chart was up, the current weakness may be fueling a possible reversal trend change.

The overall quality of the chart pattern is a slightly above average 6-bars. The initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Commmodities Update: Silver

Posted: 18 Dec 2011 01:02 AM PST

By ForexMansion.com
By Jonah S. Ford
Precious metals took a huge hit in last week's volatile trading, dragged lower by falling prices in the equities as well as the broader commodities complex. Gold futures were the first to break down through long term key level support as outlined in last week's Autochartist commodities update. Silver futures quickly followed suit, dropping to the lowest price in months after falling through support near the $31.00 before falling briefly into the $28 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Sugar

Posted: 18 Dec 2011 01:02 AM PST

By ForexMansion.com
By Jonah S. Ford
Sugar futures showed impressive strength during last week's commodities sell-off, indicating the market may have enough intrinsic strength to buck the broader trend and move higher on its own. After a prolonged sideways movement near the low end of a textbook Channel Down chart pattern, the price bumped just above resistance going into the close of the market on Friday.

The pattern is best seen here on the Autochartist 240-minute time frame, identified as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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