DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

Forex – GBP/JPY Down During The Asian Session
Forex Trading: USDCNH Cleary Below Support
Forex – EUR/USD Up In Asian Trade
Forex – USD/JPY Down During Asian Trade
Forex Trading: AUDUSD Touches Trendline Resistance
Forex – EUR/USD Up During The Asian Session
Cruise Shares Plunge After Ship Tragedy
Hess Presents 2012 Capital Plan
Earnings, Data Highlight Midweek Calendar
Accenture To Build French G-Cloud
6 Stocks That Worth Watching
The Romney Tax Loophole
Fast Food Even Faster? Burger King Tries Home Delivery
LaSalle Buys Assets In New York
CNI Gets Land For Memphis Park
A Normal Mirage
Good News In Europe & China Lifts Stocks
The Trend Trader For Stock Trading On Wednesday, January 18, 2012
The Trend Trader For Forex Trading On Wednesday, January 18, 2012
The Trend Trader For ETF Trading On Wednesday, January 18, 2012
The Trend Trader For Futures Trading On Wednesday, January 18, 2012

Forex – GBP/JPY Down During The Asian Session

Posted: 17 Jan 2012 05:45 PM PST

Forexpros – The British Pound was lower against the Japanese Yen on Wednesday.

GBP/JPY was trading at 117.78, down 0.03% at time of writing.

The pair was likely to find support at 117.30, Friday's low, and resistance at 118.28, Tuesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.07% to hit 1.5344 and EUR/GBP rising 0.11% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Cleary Below Support

Posted: 17 Jan 2012 05:18 PM PST

Further appreciation in the Renminbi seems reasonable with the break of long term declining channel we have been reviewing. Following yesterday's better than expected GDP and Production data from China, the bid is in the Yuan from a political, speculative (due to the better data) and now technical perspective and it will be interesting to see how much China can/will slow the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 17 Jan 2012 05:05 PM PST

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

EUR/USD was trading at 1.2761, up 0.20% at time of writing.

The pair was likely to find support at 1.2624, Friday's low, and resistance at 1.2878, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8319 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 17 Jan 2012 04:35 PM PST

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

USD/JPY was trading at 76.77, down 0.08% at time of writing.

The pair was likely to find support at 76.56, Tuesday's low, and resistance at 77.08, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.09% to hit 1.2747 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Touches Trendline Resistance

Posted: 17 Jan 2012 04:18 PM PST

The AUDUSD pair had touched 6 month old trendline resistance helped by a better than expected GDP reading out of China and a well subscribed Spanish bond auction. On the chart below we see the wedge closing with steep trendline support and the trending 21 day mavg crossing above the 100day, a break above could quickly lead toward the October highs in the middle of the 1.07 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 17 Jan 2012 04:10 PM PST

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

EUR/USD was trading at 1.2746, up 0.07% at time of writing.

The pair was likely to find support at 1.2624, Friday's low, and resistance at 1.2878, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8312 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cruise Shares Plunge After Ship Tragedy

Posted: 17 Jan 2012 03:50 PM PST

01/17/12 Shares of cruise operators Carnival and Royal Caribbean Cruises slid in the aftermath of the Costa Concordia … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hess Presents 2012 Capital Plan

Posted: 17 Jan 2012 03:25 PM PST

Integrated oil company Hess Corporation (NYSE:HES) has unveiled its capital and exploration budget for 2012. The company intends to expend around $6.80 billion, of which nearly 98.5% will be targeted toward exploration and production. Marketing, refining and corporate spending for the year will be approximately $100 million.
Of the total budget, Hess plans to put in approximately $2.50 billion for unconventional resource development that revolves around exploration in the Bakken Shale in North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings, Data Highlight Midweek Calendar

Posted: 17 Jan 2012 03:20 PM PST

01/17/12 Earnings from the financial sector will be released alongside key economic data on Wednesday. Germany’s bond auction will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture To Build French G-Cloud

Posted: 17 Jan 2012 03:15 PM PST

Globally accredited management and technology consulting company Accenture plc (NYSE:ACN) will now provide information technology (IT) support services to the French Directorate of Legal and Administrative Information (DILA). The French agency is responsible for managing citizens' access to government information. Financial terms of the 3-year contract were kept confidential.
As per the terms of the agreement, Accenture will develop and install G-Cloud (customized could services for Governments) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

6 Stocks That Worth Watching

Posted: 17 Jan 2012 03:04 PM PST

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Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) continues to show strength as the rise in volume confirms the price uptick ! The stock hit a high of $5.38, which is now resistance for Wednesday's continuation move. If the stock can break through resistance, we should see another strong upside move. YGE will move very quickly, so watch the stock closely on Wednesday.

( click to enlarge )

Gilead Sciences, Inc. (NASDAQ:GILD) stock broke out above $45 on really good … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Romney Tax Loophole

Posted: 17 Jan 2012 03:03 PM PST

After refusing for weeks to release his taxes, Mitt Romney now says he'll do so — by tax day, April 15. But the real news is what Romney has now admitted about his taxes.
It's not how much Romney earns. Everyone knows he's comfortably in the top one-tenth of one percent.
It's how much he pays of it in taxes. Romney says he pays a tax rate of "about 15 percent."
That's lower than the tax rate most of America's middle class face and far lower than the 35 percent top rate after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fast Food Even Faster? Burger King Tries Home Delivery

Posted: 17 Jan 2012 10:00 AM PST

01/17/12 In an attempt to boost sales and catch up with competition, Burger King announced Tuesday that it has begun testing fast food delivery service at some of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LaSalle Buys Assets In New York

Posted: 17 Jan 2012 02:50 PM PST

LaSalle Hotel Properties (NYSE:LHO) recently announced the acquisition of Park Central Hotel in New York for $396.2 million. The transaction was funded through a combination of cash, money borrowed from its senior unsecured credit facility, and the issuance of 296,300 operating partnership units worth $27 each.
The property was previously held by Highgate Holdings, which will continue to manage the Park Central Hotel. The hotel currently comprises more than 20,000 rooms and benefits from an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNI Gets Land For Memphis Park

Posted: 17 Jan 2012 02:35 PM PST

While rival Canadian Pacific (NYSE:CP) is busy fighting its corporate battle with hedge fund owner and investor, Bill Ackman, Canadian National (NYSE:CNI) remains focused on its growth plans. The leading Canadian railroad company, Canadian National has recently won an option to buy land for its Memphis Logistics Park through voting by the Memphis-Shelby County Port Commission.
According to the Memphis Business Journal, the Commission has approved Canadian National's purchase of approximately 800 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Normal Mirage

Posted: 17 Jan 2012 02:26 PM PST

(Image: source)
In “Not Flush,” I suggested that “Americans had relied on what little cash they had left — or didn’t really have — to buy what they wanted (needed?) in the run-up to the holidays.”
Eight days later, we have a report out from Reuters, “US Recovery at Risk as Americans Raid Savings, Borrow Again,” lending further weight to the notion that the so-called return of the consumer is only a mirage.
More than four years after the United States fell into recession, many Americans have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News In Europe & China Lifts Stocks

Posted: 17 Jan 2012 09:00 AM PST

01/17/12 NYFP’s Closing Bell Report: US stocks started the abbreviated week on the upside following strong economic reports out of China and Europe while Spain saw a successful debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards