Tuesday, December 27, 2011

DailyMarkets.com - Forex – USD/CHF Lower Amid Sustained E.Z. Worries

DailyMarkets.com - Forex – USD/CHF Lower Amid Sustained E.Z. Worries


Forex – USD/CHF Lower Amid Sustained E.Z. Worries

Posted: 27 Dec 2011 02:41 AM PST

Forexpros – The U.S. dollar was lower against the Swiss franc on Tuesday, as investors were cautious ahead of Italian bond auctions later in the week while concerns over the debt crisis in the euro zone continued to weigh.

USD/CHF hot 0.9336 during European morning trade, the pair's lowest since December 22; the pair subsequently consolidated at 0.9343, declining 0.18%.

The pair was likely to find support at 0.9266, the low of December 20 and resistance at 0.9414, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper Slumps In Quiet Trade As Global Growth Outlook Weighs

Posted: 27 Dec 2011 02:14 AM PST

Forexpros – Copper futures declined in quiet trade on Tuesday, as concerns over the outlook for the global economy dampened sentiment on the industrial metal.

On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.431 a pound during European morning trade, dropping 1.1%.

It earlier fell by as much as 1.7% to trade at a session low of USD3.392 a pound.

With the London Metal Exchange remaining closed for an extended holiday break and most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed Vs. Rivals In Subdued Trade

Posted: 27 Dec 2011 01:49 AM PST

Forexpros – The U.S. dollar was mixed against its major counterparts on Tuesday, as investors eyed Italian auctions of three and ten-year government bonds later in the week while the threat of mass downgrades in the euro zone continued to linger.

During European morning trade, the dollar was lower against the euro, with EUR/USD rising 0.10% to hit 1.3072, hovering close to an eleven-month low.

With markets in the U.K., Canada and Australia remaining closed for an extended holiday break and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Higher In Thin Year-end Trade; DAX Up 0.71%

Posted: 27 Dec 2011 01:21 AM PST

Forexpros – European stock markets were higher on Tuesday, following the Christmas weekend as better-than-expected U.S. data fueled hopes of recovery for the global economy.

During European morning trade, the EURO STOXX 50 climbed 0.77%, France's CAC 40 advanced 0.84%, while Germany's DAX 30 added 0.71%.

With markets in London remaining closed for an extended holiday break and most investors already away on year-end leave, trading volumes were low, resulting in subdued … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: European Equities Open Higher

Posted: 27 Dec 2011 01:19 AM PST

FTSE +55.73
DAX + 25.75
CAC + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Recovery May Be Cut Short, Gold To Challenge Trend Support

Posted: 27 Dec 2011 01:13 AM PST

Talking Points

Crude Oil May Drift Higher on Year-End Flows But Resistance Looms
Gold Technical Positioning Hints Prices on Pace to Challenge Key Support

WTI Crude Oil (NY Close): $99.68 // +0.15 // +0.15%
Crude oil prices may continue to drift higher as a supportive set of US economic data helps fuel a corrective rebound in risky assets on the back of year-end profit-taking. Expectations point to nominal improvements in the Consumer Confidence as well as the Richmond and Dallas Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Edges Lower In Year-end Trade, Iran Fears Support

Posted: 27 Dec 2011 01:11 AM PST

Forexpros – Crude oil futures edged lower in thin year-end trading volumes on Tuesday, amid concerns over the uncertain global economic outlook, however prices continued to draw support from the prospect of a disruption to Iranian oil supplies.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD99.50 a barrel during European morning trade, shedding 0.36%.

It earlier fell by as much as 0.48% to trade at a two-day low of USD99.38 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Higher In Thin Holiday Trade

Posted: 27 Dec 2011 12:49 AM PST

Forexpros – The pound was higher against the U.S. dollar in thin trade on Tuesday, amid reports the U.K. is preparing to deal with a potential disintegration of the euro zone, while concerns over downgrades in the region persisted.

GBP/USD hit 1.5676 during European morning trade, the pair's highest since December 23; the pair subsequently consolidated at 1.5659, adding 0.17%.

Cable was likely to find support at 1.5579, the low of December 23 and resistance at 1.5728, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Drops Below USD1,600 In Holiday-thinned Trade

Posted: 27 Dec 2011 12:35 AM PST

Forexpros – Gold futures declined in thin year-end trade conditions on Tuesday, falling below the key USD1,600-an-ounce level as most traders already closed books for the year and moved to the sidelines, waiting for a fresh start in January.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,597.75 a troy ounce during early European morning trade, dropping 0.68%.

It earlier fell by as much as 0.96% to trade at USD1,592.95 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Steady After BOJ Meeting Minutes

Posted: 27 Dec 2011 12:24 AM PST

Forexpros – The U.S. dollar was almost unchanged against the yen on Tuesday, after the Bank of Japan underlined increasing risks for domestic growth and as concerns over the euro zone's debt crisis continued to weigh on market sentiment.

USD/JPY hit 77.88 during early European trade, the daily low; the pair subsequently consolidated at 77.92, shedding 0.07%.

The pair was likely to find support at 77.73, the low of December 15 and resistance at 78.10, the high of December 21.

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


Forex – NZD/USD Lower As E.Z. Worries Persist

Posted: 27 Dec 2011 12:09 AM PST

Forexpros – The New Zealand dollar was lower against its U.S. counterpart on Tuesday, as markets remained jittery amid sustained worries over a series of downgrades in the euro zone in the last trading days of 2011.

NZD/USD hit 0.7728 during late Asian trade, the pair's lowest since December 23; the pair subsequently consolidated at 0.7736, declining 0.09%.

The pair was likely to find support at 0.7665, the low of December 22 and short term resistance at 0.7774, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Swiss UBS Consumption Indicator Declines In November

Posted: 27 Dec 2011 12:05 AM PST

Forexpros – Switzerland’s UBS consumption indicator declined in November, falling for the first time in three months, industry data showed on Tuesday.

In a report, Swiss bank UBS said its consumption indicator edged down by 0.09 points to 0.81 in November from 0.90 in October, whose figure was revised down from 0.91.

As in previous months, the consumption indicator benefited from the strong rise in new car registrations, while the other sub-indicators used to calculate the consumption … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Edges Lower In Thin Trade

Posted: 26 Dec 2011 11:58 PM PST

Forexpros – The Australian dollar edged lower against its U.S. counterpart in subdued trade on Tuesday, as ongoing concerns over potential downgrades in the euro zone and the handling of the region's debt crisis continued to weigh.

AUD/USD hit 1.0136 during late Asian trade, the pair's lowest since December 23; the pair subsequently consolidated at 1.0153, shedding 0.16%.

The pair was likely to find short term support at 1.0125, the low of December 23 and resistance at 1.0214, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Decline In Thin Holiday Trade; Nikkei Dips 0.45%

Posted: 26 Dec 2011 11:46 PM PST

Forexpros – Asian stock markets declined in thin year-end trade on Tuesday, with most markets across Asia closed for holidays, while shares in Japan slumped after the Bank of Japan warned about possible downside risks from the European debt crisis.

During late Asian trade, Japan's Nikkei 225 Index retreated 0.45%. Trading volumes were low as several markets remained close, including Hong Kong, Australia and New Zealand.

The Nikkei fell below its 25-day moving average after minutes from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Holds Steady Above 11-month Low

Posted: 26 Dec 2011 11:19 PM PST

Forexpros – The euro was steady against the U.S. dollar on Tuesday, holding above an eleven-month low amid signs of economic recovery in the U.S. and sustained concerns over the debt crisis in the euro zone.

EUR/USD hit 1.3077 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3069, edging up 0.07%.

The pair was likely to find support at 1.3016, the low of December 22 and resistance at 1.3131, the high of December 20.

Trading volumes were low, resulting in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Cracker Barrel Old Country Store, Inc.

Posted: 26 Dec 2011 11:00 PM PST

Estimates have been rising for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) after the company posted better than expected results for the first quarter of its fiscal 2012. Earnings per share came in at $1.03, beating the Zacks Consensus Estimate by 6%.
Analysts are projecting solid earnings growth for Cracker Barrel over the next couple of years. Based on current consensus estimates, analysts expect 12% EPS growth in 2012 and 9% growth in 2013. In addition to this, the company pays a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: RadioShack Corp. (RSH)

Posted: 26 Dec 2011 11:00 PM PST

RadioShack Corp. (NYSE:RSH) difficulties persist as the company continues its disappointing performance. Precipitous decline of the signature and consumer electronics retail businesses, adverse product-mix toward low-margin devices, and a volatile macro-economic scenario in the U.S. are taking their toll on the company’s financials.
Weaker-than-expected growth of the mobile platform and growing marketing expenses are other near-term concerns. Management provided a tepid outlook for the ensuing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: Estee Lauder Companies (EL)

Posted: 26 Dec 2011 11:00 PM PST

Estee Lauder Companies’ (NYSE:EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing power of the affluent class who shop for products from cosmetics to big-ticket items also fueled strong sales in the luxury sector.
While skin care segment thrived during the quarter, travel retail gave a boost to the quarterly sales of the company. Successful recent launches coupled with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: Old Dominion Freight Line, Inc.

Posted: 26 Dec 2011 11:00 PM PST

Old Dominion Freight Line, Inc. (ODFL) has been on a roll for the last few months, recently hitting a new all-time high after jumping more than 50% since October. With another good quarter in hand and a solid 14% growth projection, this Zacks #1 Rank stock is the right carrier for momentum.
Company Description
Old Dominion Freight Line, Inc. operates as a “less-than-truckload” motor carrier primarily in the United States, providing regional and national services. The company was founded in 1934 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: O'Reilly Automotive

Posted: 26 Dec 2011 11:00 PM PST

O’Reilly Automotive (NASDAQ:ORLY) continues to rise despite lofty valuation, the stock remains a Zacks #1 Rank (Strong Buy).
Company Description
O’Reilly Automotive is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories.
Good Earnings
We have to go back to Oct 26 for the last quarterly report, but it was a good one. Net income increased 27% or $32 million ahead of the year ago level of $117 million. Revenue for the period was up 8% to $1.54 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 26 Dec 2011 10:40 PM PST

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

EUR/USD was trading at 1.3073, up 0.11% at time of writing.

The pair was likely to find support at 1.3019, Thursday's low, and resistance at 1.3196, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8360 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 26 Dec 2011 10:15 PM PST

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

GBP/USD was trading at 1.5630, down 0.01% at time of writing.

The pair was likely to find support at 1.5583, Friday's low, and resistance at 1.5729, Thursday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8364 and GBP/JPY falling 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 26 Dec 2011 09:50 PM PST

Forexpros – The Euro was higher against the Swiss Franc on Tuesday.

EUR/CHF was trading at 1.2233, up 0.08% at time of writing.

The pair was likely to find support at 1.2200, Thursday's low, and resistance at 1.2243, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.11% to hit 1.3074 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Up During The Asian Session

Posted: 26 Dec 2011 09:20 PM PST

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

USD/CHF was trading at 0.9361, up 0.001% at time of writing.

The pair was likely to find support at 0.9308, Thursday's low, and resistance at 0.9400, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.3076 and USD/JPY falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Up In Asian Trade

Posted: 26 Dec 2011 09:00 PM PST

Forexpros – The Euro was higher against the British Pound on Tuesday.

EUR/GBP was trading at 0.8372, up 0.22% at time of writing.

The pair was likely to find support at 0.8306, Thursday's low, and resistance at 0.8374, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.14% to hit 1.3077 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Holiday Returns To Soar

Posted: 26 Dec 2011 09:00 PM PST

12/27/11 American shoppers are expected to return $46.28 billion in merchandise to retailers. The National Retail Federation forecasts an increase in holiday returns of over 4% compared to 2010 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 26 Dec 2011 08:35 PM PST

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

USD/JPY was trading at 77.95, down 0.04% at time of writing.

The pair was likely to find support at 77.90, today's low, and resistance at 78.23, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.10% to hit 1.3072 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/cnh Continue To Stay Under 6.3487 For Another Day.

Posted: 26 Dec 2011 08:18 PM PST

usd/cnh continue to stay under 6.3487 for another … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd In A Downward Channel.

Posted: 26 Dec 2011 08:18 PM PST

usd/hkd in a downward channel in this daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 26 Dec 2011 08:10 PM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.

USD/CAD was trading at 1.0206, up 0.01% at time of writing.

The pair was likely to find support at 1.0178, Monday's low, and resistance at 1.0281, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.11% to hit 1.3074 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Down In Asian Trade

Posted: 26 Dec 2011 07:30 PM PST

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

AUD/USD was trading at 1.0150, down 0.20% at time of writing.

The pair was likely to find support at 1.0062, Thursday's low, and resistance at 1.0182, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.27% to hit 1.2877 and AUD/JPY falling 0.26% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/CHF Down In Asian Trading Hours

Posted: 26 Dec 2011 07:05 PM PST

Forexpros – The British Pound was lower against the Swiss Franc on Tuesday.

GBP/CHF was trading at 1.4616, down 0.11% at time of writing.

The pair was likely to find support at 1.4596, Friday's low, and resistance at 1.4735, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.07% to hit 1.5620 and EUR/GBP rising 0.13% 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: 26 Dec 2011 06:35 PM PST

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

EUR/USD was trading at 1.3063, up 0.03% at time of writing.

The pair was likely to find support at 1.3019, Thursday's low, and resistance at 1.3196, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8368 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/sgd Staying In The Middle Of The Range.

Posted: 26 Dec 2011 06:23 PM PST

usd/sgd staying in the middle of the range due to quiet markets from the holiday season. We might start seeing some direction after the new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCNH At All-Time Lows

Posted: 26 Dec 2011 06:23 PM PST

The Yuan has made all time highs and as a result the USDCNH pair has made new lows. The pair is now in a downward channel and technical support seems to be a few figures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 26 Dec 2011 06:00 PM PST

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

USD/JPY was trading at 77.96, down 0.01% at time of writing.

The pair was likely to find support at 77.90, today's low, and resistance at 78.23, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3057 and GBP/USD falling 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Up In Asian Trade

Posted: 26 Dec 2011 05:25 PM PST

Forexpros – The Euro was higher against the Japanese Yen on Tuesday.

EUR/JPY was trading at 101.85, up 0.02% at time of writing.

The pair was likely to find support at 101.71, today's low, and resistance at 102.36, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.001% to hit 1.3059 and EUR/GBP rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


S&P500 Poised To Break Higher?

Posted: 26 Dec 2011 01:59 PM PST

By ForexMansion.com
S&P500: 1265.42
Short-Term Trend: sideways
Outlook:
A week ago I discussed two possible scenarios for the correction from the July 2011 top: a Contracting Triangle and a Diametric. The strong rally last week speaks firmly in favor of the Contracting Triangle scenario and if we see a break abv 1267 (just 2 pts abv the last week’s close), the bullish case will be further solidified. To confirm the count on the chart above though, we need a move abv the 1290/1300 level. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EUR/USD – Still Bearish

Posted: 26 Dec 2011 01:54 PM PST

By ForexMansion.com
EURUSD: 1.3068
Short-Term Trend: downtrend
Outlook:
EUR traded sideways last week in a rather tight range between 1.3020 and 1.3195. The fact that the prices have remained below the important 1.3195 Fibonacci level is a sign that the current downtrend not only remains intact but it is still powerful enough. Thus, as I see no signs of a ST low, I expect weakness twd 1.2870 this week. However, a strong rebound is likely to commence in January, so taking profits on the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aretrospective Glance At 2011 – The Year Of Downgrades And Debt Crisis

Posted: 26 Dec 2011 01:52 PM PST

By ForexMansion.com
According to the Associated Press survey by some leading economists, the US economy is poised to pick up pace in 2012 until it's shoved off the track by the economic and financial upheavals in Europe. Unemployment rate will probably fall from the 8.9% rate by the time President Barack Obama runs for the re-election. The 3-dozen private and corporate companies anticipate that the US economy will grow by 2.5%in 2012 and will also end with an upswing. Though the latest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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