Wednesday, January 11, 2012

DailyMarkets.com - Copper Rallies To 4-week High On China Easing Hopes

DailyMarkets.com - Copper Rallies To 4-week High On China Easing Hopes


Copper Rallies To 4-week High On China Easing Hopes

Posted: 11 Jan 2012 02:43 AM PST

Forexpros – Copper futures rallied for a third day on Wednesday, trading at the highest level since mid-December as prices continued to draw support from expectations of monetary easing in China, while markets monitored developments surrounding the euro zone's debt crisis.

On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.541 a pound during European morning trade, gaining 0.8%.

It earlier rose by as much as 1.1% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Edges Higher In Risk-off Trade

Posted: 11 Jan 2012 02:41 AM PST

Forexpros – The U.S. dollar edged higher against the Swiss franc on Wednesday, as renewed concerns over sovereign funding in the euro zone supported safe haven demand.

USD/CHF hit 0.9494 during European morning trade, the pair's highest since January 9; the pair subsequently consolidated at 0.9508, gaining 0.15%.

The pair was likely to find support at 0.9410, the low of January 5 and resistance at 0.9578, the high of January 6.

Investors were cautious as Spain and Italy prepared to sell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed As Euro Zone Debt Woes In Spotlight

Posted: 11 Jan 2012 01:50 AM PST

Forexpros – The U.S. dollar was moving between small gains and losses against most of its major counterparts on Wednesday, as investors remained wary ahead of Thursday's European Central Bank policy meeting and euro zone government debt auctions later in the week.

During European morning trade, the dollar was almost unchanged against the euro, with EUR/USD dipping 0.02% to hit 1.2776.

The euro found support earlier after a preliminary estimate showed that Germany's gross domestic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.K. Goods Trade Deficit Widens More-than-expected

Posted: 11 Jan 2012 01:37 AM PST

Forexpros – The U.K.'s goods trade deficit widened more-than-expected in November, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said the country’s goods trade deficit widened to a seasonally adjusted GBP8.6 billion in November, compared to a deficit of GBP7.9 billion in October, whose figure was revised from a deficit of GBP7.6 billion.

Economists had expected the goods trade deficit to widen to GBP8.3 billion in November.

The report said that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Steady As EU Debt Fears Counter Iran Supply Concerns

Posted: 11 Jan 2012 01:07 AM PST

Forexpros – Crude oil futures fluctuated between small gains and losses on Wednesday, as ongoing concerns over the sovereign debt crisis in the euro zone countered fears over a disruption to Iranian oil supplies.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD102.17 a barrel during European morning trade, easing down 0.07%.

The crude contract traded in a range between USD101.61, the daily low and USD102.47, the session's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Lower Ahead Of Debt Auctions; DAX Down 0.28%

Posted: 11 Jan 2012 12:59 AM PST

Forexpros – European stock markets edged lower on Wednesday, as investors were jittery ahead of Thursday's European Central Bank policy meeting as well as Italian and Spanish government debt auctions later in the week.

During European morning trade, the EURO STOXX 50 fell 0.17%, France's CAC 40 eased 0.02%, while Germany's DAX 30 dropped 0.28%.

Sentiment came under pressure as Spain and Italy prepared to sell as much as EUR17 billion in debt on Thursday and Friday respectively.

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


Forex – GBP/USD Lower As Euro Zone Concerns Persist

Posted: 11 Jan 2012 12:48 AM PST

Forexpros – The pound retreated against the U.S. dollar on Wednesday, tracking the euro's losses as renewed concerns over the financial crisis in the single currency bloc weighed on demand for riskier assets.

GBP/USD hit 1.5449 during early European trade, the daily low; the pair subsequently consolidated at 1.5471, shedding 0.08%.

Cable was likely to find support at 1.5400, the low of December 30 and resistance at 1.5525, the high of January 6.

Sterling came under pressure as Spain and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Hits 4-week High On Strong Asia Demand, EU Debt Woes

Posted: 11 Jan 2012 12:33 AM PST

Forexpros – Gold futures rallied to a four-week high on Wednesday, boosted by indications of strong physical demand as traders continued to monitor developments surrounding the euro zone's debt crisis.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,645.95 a troy ounce during early European morning trade, gaining 0.9%.

It earlier rose by as much as 1.02% to trade at USD1,647.85 a troy ounce, the highest since December 13.

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


Forex – USD/JPY Edges Higher As Market Sentiment Wanes

Posted: 11 Jan 2012 12:19 AM PST

Forexpros – The U.S. dollar edged higher against the yen on Wednesday, as ongoing concerns over euro zone sovereign funding ahead of Italian and Spanish bond auctions supported safe haven demand.

USD/JPY hit 76.94 during late Asian trade, the pair's highest since January 9; the pair subsequently consolidated at 76.92, rising 0.09%.

The pair was likely to find support at 76.64, the low of January 5 and resistance at 77.14, the high of November 16.

Investors were cautious as Spain and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Steady As Markets Eye Italian, Spanish Auctions

Posted: 11 Jan 2012 12:08 AM PST

Forexpros – The New Zealand dollar was almost unchanged against its U.S. counterpart on Wednesday, as markets were jittery ahead of Spanish and Italian debt auctions later in the week while concerns over the euro zone's debt crisis continued to weigh.

NZD/USD hit 0.7954 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7954, inching up 0.05%.

German Chancellor Angela Merkel and IMF Managing Director Christine Lagarde discussed Greece and efforts to resolve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Edges Lower Amid Sustained E.Z. Worries

Posted: 10 Jan 2012 11:59 PM PST

Forexpros – The Australian dollar edged lower against its U.S. counterpart on Wednesday, as concerns over euro zone sovereign funding took over market sentiment ahead of Italian and Spanish debt auctions later in the week.

AUD/USD hit 1.0271 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0302, shedding 0.10%.

The pair was likely to find support at 1.0228, the low of January 10 and resistance at 1.0371, the high of January 5.

German Chancellor Angela Merkel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Higher, Gains Capped By EU Debt Woes; Nikkei Up 0.3%

Posted: 10 Jan 2012 11:48 PM PST

Forexpros – Asian stock markets were higher on Wednesday, lifted by optimism over the U.S. earnings season and amid speculation of near-term monetary easing in China, but gains were limited as worries over the sovereign debt crisis in the single currency bloc continued to weigh on market sentiment.

During late Asian trade, Hong Kong’s Hang Seng Index climbed 0.7% Australia's S&P/ASX200 rose 0.85%, while Japan's Nikkei 225 Index edged 0.3% higher.

Financial sector shares led gains in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Slides As Debt Worries Weigh

Posted: 10 Jan 2012 11:34 PM PST

Forexpros – The euro slipped against the U.S. dollar on Wednesday, as concerns over the sovereign debt crisis in the euro zone weighed, ahead of Thursday's European Central Bank policy meeting and Spanish and Italian government debt auctions later in the week.

EUR/USD hit 1.2730 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.2755, shedding 0.17%.

The pair was likely to find support at 1.2665, Monday's low and a 16-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: WESCO International (WCC)

Posted: 10 Jan 2012 11:00 PM PST

WESCO International (NYSE:WCC) is one of the largest distributors of electrical products in the U.S. The company’s third quarter results beat the Zacks Consensus and forward guidance was encouraging.
WESCO’s strong market position, the improved conditions in the industrial and utility markets, strengthening construction markets, the global account model, restructuring benefits and the LEAN initiative are strong positives. Therefore, although results bear a positive correlation to GDP growth (which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: Darden Restaurants, Inc. (DRI)

Posted: 10 Jan 2012 11:00 PM PST

Although Darden Restaurants, Inc. (NYSE:DRI) registered improving blended comparable restaurant sales for the last few quarters, recent woes at Olive Garden continue to nag the company. Stiff competition resulting in higher discounting rates and promotional offers, increasing food costs for the upcoming quarter and cautious consumer spending add to the worry.
Moreover, a recent cut in guidance compels us to downgrade the stock from a Neutral to Underperform recommendation. The company now expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: Vitamin Shoppe, Inc

Posted: 10 Jan 2012 11:00 PM PST

Vitamin Shoppe, Inc. (VSI) consistently provides positive earnings surprises and the stock remains a Zacks #1 Rank (Strong Buy).
Company Description
Vitamin Shoppe is a retailer of nutritional products like vitamins, minerals, supplements, homeopathic remedies and other similar items. The company owns approximately 500 stores and also sells through catalogs and its website.
Positive Earnings Surprise
VSI has beaten the Zacks Consensus Earnings Estimate in five of the last six earnings releases … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: The Sherwin-Williams Company

Posted: 10 Jan 2012 11:00 PM PST

Estimates have been rising for The Sherwin-Williams Company (NYSE:SHW) after it delivered better than expected third quarter results despite a difficult environment. It is a Zacks #2 Rank (Buy).
The paint company is well positioned to benefit from an improving housing market, and analysts expect strong double-digit EPS growth over the next few years.
Moreover, management is very shareholder-friendly and has increased its dividend every year since 1979. It currently yields 1.6%.
Company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: News Corp Inc

Posted: 10 Jan 2012 11:00 PM PST

News Corp Inc. (NYSE:NWS)
In a world littered with unchecked news, commentary and opinion that flows like Niagara Falls into our everyday lives, I think that the average individual is looking for real guidance and clarity amidst the confusion.  At the very least, consumers want an information source that they trust to be fair, knowledgeable and one that elucidates the boundaries between fact and fiction. (Of course some will argue may point with NWS)
"Old media" companies like News Corp … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of Sri Lanka Continues To Hold At 7.00%

Posted: 10 Jan 2012 10:19 PM PST

The Central Bank of Sri Lanka held its benchmark repurchase rate steady at 7.00%, and reverse repurchase rate at 8.50%, and Statutory Reserve Ratio at 8%.  The Bank said: “the significant structural changes that have taken place in the Sri Lankan economy over the last several years are expected to provide the momentum for the economy to grow by about 8 per cent in 2012, even in the midst of the slowdown in global economic activity. Continued development efforts aimed at improving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Staying Sideways For The Last Few Hours.

Posted: 10 Jan 2012 08:18 PM PST

usd/hkd staying sideways for the last few hours not showing any direction in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Modern-Day Patent Medicine Salesmen

Posted: 10 Jan 2012 08:04 PM PST

Bob Prechter and his Elliott Wave newsletters never fail to intrigue me.  Over the years, I've tried to understand the basic concepts behind Elliott Waves and Fibonacci wave counting but to no avail.  I just don't get it.  Even more, … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Contrary To Popular Wisdom?

Posted: 10 Jan 2012 07:47 PM PST

One way of measuring inflation is to gauge how prices for an assortment of goods and services have varied over time. Another approach involves looking at changes in how much things cost relative to what the average worker earns (the flaw with this latter method, of course, is that those who don’t have jobs may find that many, if not most, of the things they might want or need to buy are unaffordable).
Be that as it may, if one assumes that data from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Climbs On Risk-off Trading

Posted: 10 Jan 2012 07:47 PM PST

Forexpros – The dollar firmed against the yen in mid-session Asian trading Wednesday, as investors eased up in demand for stocks in the West and took up dollar positions to brace for likely profit taking in U.S. and European equities markets.

Expectations that Japanese policymakers will take steps this year to weaken the yen also supported demand for the greenback.

USD/JPY hit 76.89 Wednesday in Asian trading, up 0.05%, firming from a session low of 76.82 and off from a high of 76.94.

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


Forex – Dollar Reverses Losses As Equities Cool Rally

Posted: 10 Jan 2012 07:18 PM PST

Forexpros – The dollar rose against major currencies on Wednesday as demand for the greenback returned while Western equities were set to cool an earlier rally.

The dollar on Wednesday was up against the euro, with EUR/USD dropping 0.32% to hit 1.2737.

The U.S. currency fell prior to the opening of the Asian session on Wednesday as appetite for riskier investments like stocks grew.

Sentiment has grown stronger each day that the U.S. economy will finally gain steam in 2012 while in Europe, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Up On U.S., French Hopes; Nikkei Gains 0.16%

Posted: 10 Jan 2012 06:46 PM PST

Forexpros – Asian stock markets rose on Wednesday as hopes for a more lasting U.S. recovery coupled with comments from Fitch Ratings that France’s coveted AAA rating was safe sparked demand for equities across Asia.

During early Asian trading Wednesday, Hong Kong’s Hang Seng Index was up 0.04%, Australia’s S&P/ASX200 was up 0.99%, while Japan's Nikkei 225 Index was up 0.16%.

In the U.S. on Wednesday, stocks rallied on better-than-expected revenues from global metals giant Alcoa as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Retreats After U.S.-fueled Rally Ends

Posted: 10 Jan 2012 05:52 PM PST

Forexpros – Crude futures erased gains on Wednesday, reversing increases stemming from optimism for the U.S. economy coupled with a new twist in the Iranian saber-rattling drama, which sparked concerns that supply will face pressure.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD101.72 a barrel in Asian trading, down 0.51%.

The commodity spiked to an earlier session high of USD102.35 and a low of USD101.61.

Consensus is building that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Rises As Optimism Builds For Europe

Posted: 10 Jan 2012 05:29 PM PST

Forexpros – Gold prices rose Wednesday as a year-end selloff by hedge funds finally wrapped up and investors went long on the metal, buoyed by a weaker dollar and Fitch Ratings comments that France’s AAA ratings were safe.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,632.85 a troy ounce, up 0.08%.

Gold futures were likely to test support at USD1,606.05 a troy ounce, Monday’s low, and resistance at USD1,641.15, Tuesday’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Slides On European Uncertainty

Posted: 10 Jan 2012 05:02 PM PST

Forexpros – The euro slid against the dollar Wednesday as talks between European leaders and the world’s chief lender of last resort, the International Monetary Fund, sent investors ditching the currency until policymakers agree on fresh strategies to battle and contain the debt crisis.

EUR/USD hit 1.2754 in early Asian trading Wednesday, down 0.19%, up from a session low of 1.2749 and off from a high of 1.2778.

The pair was likely to find support at 1.2743, Tuesday's low, and resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar / Canadian Dollar – 11/01/2012 07:07 GMT

Posted: 10 Jan 2012 12:02 PM PST

By ForexMansion.com

US Dollar / Canadian Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.025
1.021
1.0185

Supports
1.0075
1.011
1.0145

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / Swiss Franc – 11/01/2012 07:09 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

Euro / Swiss Franc

Weekly
Daily
Hourly

Trends

Resistances
1.2195
1.216
1.213

Supports
1.202
1.21
1.212

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the best … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / Canadian Dollar – 11/01/2012 06:59 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

Euro / Canadian Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.307
1.304
1.3

Supports
1.29
1.291
1.295

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the best … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


British Pound / US Dollar – 11/01/2012 07:11 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

British Pound / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.563
1.5565
1.55

Supports
1.5375
1.542
1.5445

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / British Pound – 11/01/2012 07:06 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

Euro / British Pound

Weekly
Daily
Hourly

Trends

Resistances
0.8325
0.8285
0.8265

Supports
0.82
0.822
0.824

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / US Dollar – 11/01/2012 07:12 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

Euro / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.29
1.2815
1.276

Supports
1.2625
1.2665
1.2725

Our strategy

Entry
Stop
Target 1
Target 2

1.2745
1.2795
1.267
1.26

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / Yen – 11/01/2012 07:04 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

Euro / Yen

Weekly
Daily
Hourly

Trends

Resistances
98.85
98.45
98.25

Supports
97.25
97.55
97.9

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the best possible … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar / Swiss Franc – 11/01/2012 07:10 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

US Dollar / Swiss Franc

Weekly
Daily
Hourly

Trends

Resistances
0.9595
0.954
0.9525

Supports
0.9405
0.9465
0.948

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Australian Dollar / US Dollar – 11/01/2012 07:08 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

Australian dollar / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.0385
1.035
1.0315

Supports
1.0145
1.0205
1.027

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar / Yen – 11/01/2012 07:11 GMT

Posted: 10 Jan 2012 11:35 AM PST

By ForexMansion.com

US Dollar / Yen

Weekly
Daily
Hourly

Trends

Resistances
77.5
77.25
77

Supports
76.1
76.6
76.75

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the best possible … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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