Tuesday, January 3, 2012

DailyMarkets.com - Forex – EUR/GBP Pushes Higher On Improved Risk Appetite

DailyMarkets.com - Forex – EUR/GBP Pushes Higher On Improved Risk Appetite

Forex – EUR/GBP Pushes Higher On Improved Risk Appetite

Posted: 03 Jan 2012 02:35 AM PST

Forexpros – The broadly stronger euro pushed higher against the pound on Tuesday, as risk appetite strengthened but concerns over the financial crisis in the euro zone continued to cloud the outlook for the single currency.

EUR/GBP hit 0.8369 during European morning trade, the pair's highest since Friday; the pair subsequently consolidated at 0.8353, gaining 0.19%.

The pair was likely to find support at 0.8314, the low of December 23 and short-term resistance at 0.8388, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Climb To 3-week High On China Demand Hopes

Posted: 03 Jan 2012 02:31 AM PST

Forexpros – Copper futures rose to a three-week high in the first trading session of 2012 on Tuesday, amid speculation demand from top consumer China will increase after data pointed to an improvement in Chinese manufacturing activity.

On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.486 a pound during European morning trade, rallying 1.55%.

It earlier rose by as much as 1.85% to trade at USD3.524 a pound, the highest since December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Re-testing Highs

Posted: 03 Jan 2012 02:19 AM PST

So far this session the pair has traded between 1.29723 and 1.30072; currently testing resistance at the highs. The market is showing some risk appetite in recent trading with the FTSE +63.69 and Dax +83.31. If support holds the lower target is back to the 38.2% line. A move higher may bring us to 1.3025; a support level from December 21st to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Lower But Euro Still Vulnerable

Posted: 03 Jan 2012 02:11 AM PST

Forexpros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as risk appetite improved but the euro remained vulnerable as concerns over sovereign debt issues in the single currency bloc persisted.

During European morning trade, the dollar was lower against the euro, with EUR/USD advancing 0.71% to hit 1.3025.

Official data released earlier showed that the number of unemployed people in Germany fell more-than-expected in December, while the country's jobless … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Lower After Swiss Manufacturing Data

Posted: 03 Jan 2012 02:01 AM PST

Forexpros – The U.S. dollar was lower against the Swiss franc on Tuesday, as market sentiment improved and after stronger-than-expected Swiss manufacturing data.

USD/CHF hit 0.9354 during European morning trade, the daily low; the pair subsequently consolidated at 0.9360, shedding 0.40%.

The pair was likely to find support at 0.9266, the low of December 20 and resistance at 0.9469, the high of December 29.

Data showed earlier that manufacturing activity in Switzerland rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Poised To Follow Stocks Higher, Gold Eyes FOMC Minutes

Posted: 03 Jan 2012 01:59 AM PST

Talking Points

Crude Oil Poised to Follow Stocks Higher Amid Recovery in Risk Appetite
Gold May Fall Despite Dollar Weakness as FOMC Minutes Weigh on QE3 Bets

WTI Crude Oil (NY Close): $98.83 // -0.82 // -0.82%
Prices are probing above the $100/barrel figure in Europe as a recovery in risk appetite that began in Asia continues following better-than-expected Swiss and UK Manufacturing PMI figures. The focus now turns to the analogous US ISM gauge, where forecasts suggest factor-sector growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Manufacturing PMI Improves In December

Posted: 03 Jan 2012 01:40 AM PST

Forexpros – Manufacturing activity in the U.K. improved in December, but remained in contraction territory for the third consecutive month, official data showed on Tuesday.

In a report, market research group Markit said that its U.K. manufacturing PMI rose by 2.0 points to a seasonally adjusted 49.6 in December from a reading of 47.7 in November, whose figure was revised up from 47.6.

Analysts had expected the manufacturing PMI to ease down by 0.4 points to 47.3.

On the index, a reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed Ahead Of U.S. Data; DAX Up 1.21%

Posted: 03 Jan 2012 01:20 AM PST

Forexpros – European stock markets were mixed on Tuesday, as markets eyed a report on U.S. manufacturing activity with hopes it will confirm signs of recovery in the world's largest economy, while worries over the euro zone's debt crisis persisted.

During European morning trade, the EURO STOXX 50 rose 0.14%, France's CAC 40 retreated 0.53%, while Germany's DAX 30 surged 1.19%.

Market sentiment found support after data on Sunday showed that Chinese manufacturing activity expanded in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Trades Above USD100 On Iran Fears, China Data

Posted: 03 Jan 2012 01:07 AM PST

Forexpros – Crude oil futures advanced to a three-day high in post-holiday trade on Tuesday, as mounting fears over a disruption to Iranian oil supplies drove prices higher.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD100.69 a barrel during European morning trade, climbing 1% in the first trading session of 2012. NYMEX trading remained closed on Monday due to the New Year's holiday.

Prices earlier rose by as much as 1.2% to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Unemployment Change Falls More-than-expected

Posted: 03 Jan 2012 01:03 AM PST

Forexpros – The number of unemployed people in Germany fell more-than-expected in December, while the country's jobless rate dropped to a record low, official data showed on Tuesday.

In a report, Germany’s Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 22,000 in December, easily surpassing expectations for a decline of 10,000.

The previous month's figure was revised to a decline of 23,000 people from a previously reported drop 20,000.

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

Forex – GBP/USD Higher But Gains Capped By E.Z. Worries

Posted: 03 Jan 2012 12:49 AM PST

Forexpros – The pound was higher against the U.S. dollar on Tuesday, as market sentiment slightly recovered in post-holiday trade but gains were capped by sustained concerns over the handling of the euro zone's financial crisis.

GBP/USD hit 1.5594 during European morning trade, the pair's highest since December 28; the pair subsequently consolidated at 1.5563, adding 0.32%.

Cable was likely to find support at 1.5467, the low of January 2 and resistance at 1.5628, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss SVME PMI Expands In December

Posted: 03 Jan 2012 12:35 AM PST

Forexpros – Manufacturing activity in Switzerland rose more-than-expected in December, returning to expansionary territory after contracting for three consecutive months, industry data showed on Tuesday.

In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers' index rose by 5.9 points to a seasonally adjusted 50.7 in December from a reading of 44.8 in November.

Analysts had expected the index to ease up by 0.6 points to 45.4.

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

Gold Futures Rally In First Trading Session Of 2012

Posted: 03 Jan 2012 12:29 AM PST

Forexpros – Gold futures rose sharply in their first trading session of 2012 on Tuesday, as a broadly weaker U.S. dollar and growing geopolitical tensions over Iran's nuclear program boosted the appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,591.25 a troy ounce during early European morning trade, jumping 1.29%.

It earlier rose by as much as 1.44% to trade at a three-day high of USD1,593.55 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Trades Close To 6-week Low

Posted: 03 Jan 2012 12:21 AM PST

Forexpros – The U.S. dollar slipped lower against the yen on Tuesday, to trade close to a six-week low amid ongoing concerns over sovereign debt issues in the euro zone.

USD/JPY hit 76.75 during early European trade, the pair's lowest since November 18; the pair subsequently consolidated at 76.83, edging down 0.08%.

The pair was likely to find support at 76.57, the low of November 18 and resistance at 77.14, the high of November 16.

The dollar remained supported after data on Sunday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Rises But E.Z. Concerns Persist

Posted: 03 Jan 2012 12:10 AM PST

Forexpros – The New Zealand dollar was sharply higher against its U.S. counterpart on Tuesday, as market sentiment slightly improved amid ongoing concerns over the debt crisis in the euro zone.

NZD/USD hit 0.7859 during late Asian trade, the pair's highest since December 8; the pair subsequently consolidated at 0.7848, gaining 0.82%.

The pair was likely to find support at 0.7750, the low of January 2 and resistance at 0.7927, the high of November 14.

The kiwi rallied to a four-week high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Rises To 4-week High As Sentiment Improves

Posted: 03 Jan 2012 12:00 AM PST

Forexpros – The Australian dollar rose to a four-week high against its U.S. counterpart on Tuesday, as cautious optimism marked the first trading week of 2012 although worries over the euro zone's debt crisis continued to linger.

AUD/USD hit 1.0310 during late Asian trade, the pair's highest since December 8; the pair subsequently consolidated at 1.0298, adding 0.62%.

The pair was likely to find support at 1.0194, the low of January 2 and resistance at 1.0379, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Rally In Post-holiday Trade; Hang Seng Jumps 2.3%

Posted: 02 Jan 2012 11:45 PM PST

Forexpros – Asian stock markets were broadly higher in thin post-holiday trade on Tuesday, as appetite for riskier assets was supported by data showing improvement in Chinese manufacturing activity.

During late Asian trade, Hong Kong’s Hang Seng Index rallied 2.4% while Australia's S&P/ASX200 jumped 1.1% in their first trading session of 2012. Japan's Nikkei 225 Index remained closed for the extended New Year’s holiday.

Official data released Sunday showed that an index of Chinese … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Edges Higher But Gains Limited

Posted: 02 Jan 2012 11:32 PM PST

Forexpros – The euro pushed higher against the U.S. dollar on Tuesday, but remained vulnerable as ongoing concerns over the debt crisis in the euro zone meant gains were limited.

EUR/USD hit 1.3008 during late Asian trade, the pair's highest since December 28; the pair subsequently consolidated at 1.2993, gaining 0.46%.

The pair was likely to find support at 1.2903, the low of December 30 and resistance at 1.3079, the high of December 28.

The euro found support as gains in Asian stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Ventas, Inc.

Posted: 02 Jan 2012 11:00 PM PST

We have changed our long-term recommendation for Ventas (NYSE:VTR) to Outperform driven by its strong third quarter 2011 results. Recurring FFO for the reported quarter exceeded the Zacks Consensus Estimate by $0.06 primarily due to the accretive effect of the acquisitions of Nationwide Health Properties and Atria.
Ventas is one of the largest healthcare REITs in the U.S., with one of the most diversified portfolios and exposure to nearly all types of facilities. The healthcare sector is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Guess?, Inc.

Posted: 02 Jan 2012 11:00 PM PST

We downgraded our recommendation on Guess? (NYSE:GES) from Neutral to Underperform as its third-quarter 2012 core earnings of $0.71 per share missed both Zacks Consensus Estimate as well as year ago earnings by 28% and 5%, respectively. The current global economic headwinds and the diminishing disposable income of the consumers were responsible for the earnings miss.
Same store sales also declined in the quarter. In the wholesale segment, reorders for the fall collections as well as spring/summer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Herbalife Ltd.

Posted: 02 Jan 2012 11:00 PM PST

Herbalife Ltd. (NYSE:HLF) delivered outstanding results for the third quarter of 2011 as sales surged around the globe. It was also the company’s 25th consecutive positive earnings surprise.
The company continues to generate strong free cash flow, which it has been using to return value to shareholders through stock buybacks and dividends. It currently yields 1.5%.
Valuation is reasonable too, with shares sporting a PEG ratio of 1.1.
Company Description
Herbalife Limited is a network marketing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: HFF Inc

Posted: 02 Jan 2012 11:00 PM PST

HFF Inc (HF) is seeing analysts continue to push the next quarters’ earnings estimates higher, and that helps make the stock a Zacks #1 Rank (Strong Buy).
Company Description
HFF, Inc. provides commercial real estate and capital markets services to the commercial real estate industry.
Good Earnings Streak
HF is on a three quarter winning streak as far as positive earnings surprises are concerned. Beats of $0.04, $0.21 and $0.07 respectively, served to bolster investor confidence following two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 02 Jan 2012 09:55 PM PST

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

EUR/USD was trading at 1.2974, up 0.31% at time of writing.

The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.2999, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8346 and EUR/JPY rising 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

After A Rough Year For Gold Stocks, What’s Next For 2012?

Posted: 02 Jan 2012 09:25 PM PST

Of the legions of investors who are welcoming a fresh start to the year after the choppy and directionless market of 2011, perhaps gold stock investors are the most eager.  Gold stocks had a volatile year last year with no progress made on the upside.  The HUI Gold Bugs Index was rangebound between 500 and 600 for the whole year, with 3 failed breakouts above 600.  As if to put a cherry on top of a depressing year for gold stock investors, the HUI closed down -14.7% for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up In Asian Trading Hours

Posted: 02 Jan 2012 09:00 PM PST

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

GBP/USD was trading at 1.5539, up 0.18% at time of writing.

The pair was likely to find support at 1.5362, Thursday's low, and resistance at 1.5572, Friday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8354 and GBP/JPY rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Up During Asian Trade

Posted: 02 Jan 2012 08:00 PM PST

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

EUR/JPY was trading at 99.72, up 0.26% at time of writing.

The pair was likely to find support at 99.37, Monday's low, and resistance at 100.78, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.30% to hit 1.2973 and EUR/GBP rising 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In Asian Trade

Posted: 02 Jan 2012 07:20 PM PST

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

AUD/USD was trading at 1.0285, up 0.49% at time of writing.

The pair was likely to find support at 1.0045, Thursday's low, and resistance at 1.0297, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.17% to hit 1.2618 and AUD/JPY rising 0.45% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In Asian Trading Hours

Posted: 02 Jan 2012 06:55 PM PST

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

EUR/USD was trading at 1.2980, up 0.36% at time of writing.

The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.2999, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8356 and EUR/JPY rising 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

George Will On America’s Energy Abundance And Why Progressives Crave Energy Scarcities

Posted: 02 Jan 2012 06:43 PM PST

George Will on America’s new age of energy abundance, and why progressives prefer energy scarcities:

“In 2011, for the first time in 62 years, America was a net exporter of petroleum products. For the indefinite future, a specter is haunting progressivism, the specter of abundance. Because progressivism exists to justify a few people bossing around most people and because progressives believe that only government's energy should flow unimpeded, they crave energy scarcities as an excuse for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD Makes Double Bottom?

Posted: 02 Jan 2012 06:22 PM PST

A New Age Of Energy Abundance In The U.S.

Posted: 02 Jan 2012 06:07 PM PST

Thanks to the shale revolution….

From the WSJ article “Oil and Gas Bubble Up All Over”:

“You’ll know the U.S. energy industry is really on the rebound when North Dakota’s newfangled Bakken oil field starts pumping more crude than Alaska’s stalwart Prudhoe Bay. Energy experts expect it to happen in 2012 (see chart above).

Dwindling production from the once-mighty Alaskan field has been a symbol of what was once seen as the slow, inexorable decline of U.S. oil. But new technologies have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

British Pound / US Dollar – 03/01/2012 07:44 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

British Pound / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.5695
1.5645
1.56

Supports
1.536
1.5465
1.552

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 / Swiss Franc – 03/01/2012 07:43 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

Euro / Swiss Franc

Weekly
Daily
Hourly

Trends

Resistances
1.2285
1.2235
1.22

Supports
1.213
1.215
1.2175

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 / British Pound – 03/01/2012 07:35 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

Euro / British Pound

Weekly
Daily
Hourly

Trends

Resistances
0.842
0.8375
0.836

Supports
0.83
0.832
0.833

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 / Yen – 03/01/2012 07:34 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

Euro / Yen

Weekly
Daily
Hourly

Trends

Resistances
100.65
100.25
99.9

Supports
99.1
99.25
99.6

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 / Canadian Dollar – 03/01/2012 07:36 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

US Dollar / Canadian Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.021
1.0165
1.014

Supports
1.0055
1.0085
1.0125

Our strategy

Entry
Stop
Target 1
Target 2

1.013
1.0155
1.0085
1.006

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

Euro / US Dollar – 03/01/2012 07:48 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

Euro / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.3125
1.308
1.302

Supports
1.2855
1.2915
1.297

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

US Dollar / Swiss Franc – 03/01/2012 07:44 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

US Dollar / Swiss Franc

Weekly
Daily
Hourly

Trends

Resistances
0.947
0.944
0.9405

Supports
0.932
0.934
0.9365

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

Australian Dollar / US Dollar – 03/01/2012 07:39 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

Australian dollar / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.038
1.0325
1.0305

Supports
1.019
1.0235
1.028

Our strategy

Entry
Stop
Target 1
Target 2

1.03
1.0275
1.0325
1.038

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

US Dollar / Yen – 03/01/2012 07:45 GMT

Posted: 02 Jan 2012 12:05 PM PST

By ForexMansion.com

US Dollar / Yen

Weekly
Daily
Hourly

Trends

Resistances
77.85
77.45
77

Supports
76.1
76.35
76.7

Our strategy

Entry
Stop
Target 1
Target 2

76.8
77
76.5
76.1

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

S&P500 Short-Term Update

Posted: 02 Jan 2012 12:00 PM PST

By ForexMansion.com
S&P500: 1257.91
Short-Term Trend: sideways
Outlook:
One week ago I favored a long position if the 1267 level was taken out. That happened, but there was no follow through higher. Still, there is a chance that the index will rally in the first week of 2012 and will confirm the bullish breakout. A rally abv 1290/1300 is needed to confirm the presented wave count on the chart above. If however, the index fails below 1230, a faster move down may develop from the faile move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Short-Term Update

Posted: 02 Jan 2012 11:58 AM PST

By ForexMansion.com
EURUSD: 1.2957
Short-Term Trend: downtrend
Outlook:
Several weeks ago we favored a short position in the 1.34/1.35 area with a target at 1.2870. The 1.2870 target was reached in the last week of 2011, so we are now flat. The daily downtrend remains strong as so far there is no evidence of a major bottom. But we believe that a low will be found soon either near the 1.2870 level or near 1.2670 level. Then, a rally back twd 1.3520 will be expected but only to be followed by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro / Canadian Dollar – 03/01/2012 07:16 GMT

Posted: 02 Jan 2012 11:32 AM PST

By ForexMansion.com

Euro / Canadian Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.326
1.3235
1.319

Supports
1.309
1.3115
1.3145

Our strategy

Entry
Stop
Target 1
Target 2

1.318
1.3225
1.313
1.31

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

No comments:

Post a Comment