DailyMarkets.com - Forex Trading: Euro Higher After Better German Zew Release.

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• Forex Trading: Euro Higher After Better German Zew Release.
• Forex – EUR/GBP Rises To 2-day High On Upbeat E.Z. Data
• German ZEW Economic Sentiment Improves Significantly
• Forex Trading: USD/CHF Testing Support @ .94694
• Forex Trading: Eurozone CPI (y/y) 2.7% Vs 2.8% Expected And 3.0% Prior Reading.
• Euro Zone CPI Eases Unexpectedly In December
• Copper Rallies To 4-month High On China GDP Data
• Forex – Dollar Lower Vs. Rivals After Upbeat Chinese GDP Data
• U.K. Consumer Price Inflation Eases In Line With Expectations
• Forex – USD/CHF Hits 2-day Low As China Data Boosts Sentiment
• Crude Oil Futures Climb Above USD100 On Upbeat China Data
• Forex – GBP/USD Pushes Higher But Upside Limited
• European Stocks Higher On Chinese GDP Data; DAX Jumps 1.02%
• Gold Rallies To 1-month High As USD Weakens On China Data
• Forex Trading: Euro Firmer As Equities Look To Open Higher
• Forex – USD/JPY Falls To 2-month Low As Sentiment Improves
• Forex – AUD/USD Sharply Higher After Chinese GDP Data
• Forex – NZD/USD Higher As Market Sentiment Recovers
• Asia Stocks Higher After China GDP Data; Nikkei Jumps 1.05%
• Forex – EUR/USD Up After Better-than-expected China GDP
• Chinese Q4 GDP Slows Less-than-expected
• Bull Of The Day: International Paper Co. (IP)
• Aggressive Growth Stock: CEVA Inc.
• Bear Of The Day: Hhgregg, Inc. (HGG)
• Growth & Income Stock: MSA
• Momentum Stock: American Water Works Co., Inc.
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Forex – USD/JPY Down During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/CAD Down In Asian Trading Hours
• Forex – AUD/USD Up During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• The Dollar, Weak Earnings Indicate A Top Is Near For The S&P 500
• Forex – EUR/JPY Up During Asian Trade
• Global Healing

Forex Trading: Euro Higher After Better German Zew Release. Posted: 17 Jan 2012 03:21 AM PST Earlier the pair was testing resistance at 1.2751, where we find the 50.0% line and 2oo hour moving average, but following the Zew number the pair made a new high of 1.27968 with the next topside target now being a full retracement at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Rises To 2-day High On Upbeat E.Z. Data Posted: 17 Jan 2012 02:32 AM PST Forexpros – The euro rallied against the pound on Tuesday, hitting a two-day high as positive consumer sentiment and consumer price inflation data from the euro zone boosted demand for the single currency. EUR/GBP hit 0.8319 during European morning trade, the pair's highest since January 13; the pair subsequently consolidated at 0.8313, climbing 0.56%. The pair was likely to find support at 0.8254, the low of January 16 and resistance at 0.8371, the high of January 1. Data showed earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German ZEW Economic Sentiment Improves Significantly Posted: 17 Jan 2012 02:23 AM PST Forexpros – German economic sentiment improved significantly more-than-expected in January, rising to the highest level since July 2011, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment improved by 32.2 points to minus 21.6 in January, compared to December's reading of 53.8. Analysts had expected the index to improve by 4.6 points to minus 49.2 in January. On the index, a level above 0.0 indicates optimism, a level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF Testing Support @ .94694 Posted: 17 Jan 2012 02:18 AM PST The USD is testing session lows as equities trade higher: Euro stoxx +1.70%, FTSE + 1.05%, CAC 40 +1.75%. The pair is testing support at the 61.8% line on the move from January 13th lows to the high on the 16th. If dollar weakness continues, the next target lower is a full retracement at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone CPI (y/y) 2.7% Vs 2.8% Expected And 3.0% Prior Reading. Posted: 17 Jan 2012 02:18 AM PST Core CPI was 1.6%, unchanged as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone CPI Eases Unexpectedly In December Posted: 17 Jan 2012 02:16 AM PST Forexpros – Consumer price inflation in the euro zone eased unexpectedly in December, official data showed on Tuesday. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.7% in December, down from a preliminary estimate of 2.8% and slowing from 3.0% in November. Analysts had expected euro zone consumer prices to hold steady at 2.8%. Month-on-month, CPI rose 0.3%, below expectations for a 0.4% increase. Core CPI, which excludes food, energy, alcohol, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Rallies To 4-month High On China GDP Data Posted: 17 Jan 2012 02:12 AM PST Forexpros – Copper futures rallied to the highest level since mid-September on Tuesday, as stronger-than-expected Chinese economic data eased fears over a 'hard landing' in the world's largest copper consumer. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.753 a pound during European morning trade, surging 3.19%. It earlier rallied by as much as 3.35% to trade at USD3.758 a pound, the highest since September 21. Official … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Lower Vs. Rivals After Upbeat Chinese GDP Data Posted: 17 Jan 2012 01:38 AM PST Forexpros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as risk sentiment found support after positive growth data from China eased concerns over the global effects of the euro zone's debt crisis. During European morning trade, the dollar was higher against the euro, with EUR/USD rising 0.77% to hit 1.2765. Chinese gross domestic product grew at an annualized rate of 8.9% in the fourth quarter, slowing from the previous quarter's 9.1% rate, but slightly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Consumer Price Inflation Eases In Line With Expectations Posted: 17 Jan 2012 01:36 AM PST Forexpros – Consumer price inflation in the U.K. eased in line with expectations in December, declining for the third consecutive month, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said the rate of consumer price inflation decelerated to 4.2% in December from 4.8% in November, broadly in line with market expectations. U.K. consumer prices have declined in the past three months, after rising to a record-high 5.2% in September. Month-over-month, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Hits 2-day Low As China Data Boosts Sentiment Posted: 17 Jan 2012 01:26 AM PST Forexpros – The U.S. dollar fell to a two-day low against the Swiss franc on Tuesday, as market sentiment firmed up after data showed that China's economy grew at a faster-than-forecast pace in the fourth quarter of 2011. USD/CHF hit 0.9468 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9470, shedding 0.73%. The pair was likely to find support at 0.9406, Friday's low and resistance at 0.9573, the session high and an almost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Climb Above USD100 On Upbeat China Data Posted: 17 Jan 2012 01:17 AM PST Forexpros – Crude oil futures were up for a second day on Tuesday, climbing above the key USD100-a-barrel level as stronger-than-expected Chinese economic data eased fears over a 'hard landing' in the world's second largest oil consumer. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD100.67 a barrel during European morning trade, rallying 1.82%. It earlier rose by as much as 1.95% to trade at USD100.90 a barrel, the highest since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Pushes Higher But Upside Limited Posted: 17 Jan 2012 12:59 AM PST Forexpros – The pound pushed higher against the U.S. dollar on Tuesday, after better-than-expected Chinese growth data boosted demand for riskier assets, but sterling's gains were limited amid ongoing uncertainty over the debt crisis in the euro zone. GBP/USD hit 1.5387 during European morning trade, the pair's highest since Friday; the pair subsequently consolidated at 1.5369, gaining 0.28%. Cable was likely to find support at 1.5276, Monday's low and resistance at 1.5490, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher On Chinese GDP Data; DAX Jumps 1.02% Posted: 17 Jan 2012 12:48 AM PST Forexpros – European stock markets were sharply higher on Tuesday, as upbeat growth data in China helped improve market sentiment despite sustained concerns over the euro zone's financial crisis. During European morning trade, the EURO STOXX 50 jumped 1.08%, France's CAC 40 climbed 0.98%, while Germany's DAX 30 surged 1.02%. Chinese gross domestic product grew at an annualized rate of 8.9% in the fourth quarter, slowing from the previous quarter's 9.1% rate, but slightly better than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Rallies To 1-month High As USD Weakens On China Data Posted: 17 Jan 2012 12:30 AM PST Forexpros – Gold futures rallied to a one-month high on Tuesday, as the U.S. dollar weakened against its major counterparts, boosting the appeal of the precious metal, while strong physical demand in India lent further support. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,661.15 a troy ounce during early European morning trade, rallying 1.85%. It earlier rose by as much as 2.05% to trade at USD1,667.95 a troy ounce, the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Firmer As Equities Look To Open Higher Posted: 17 Jan 2012 12:21 AM PST The EUR/USD was receiving support from the 100 hour moving average, around 1.2725, until recently when equity futures in European began to move higher. The session high tested the 200 hour moving average at 1.2757, with the next bullish target being the 61.8% fibo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Falls To 2-month Low As Sentiment Improves Posted: 17 Jan 2012 12:21 AM PST Forexpros – The U.S. dollar fell to a two-month low against the yen on Tuesday, as better-than-expected Chinese growth data overshadowed sustained fears over the sovereign debt crisis in the euro zone. USD/JPY hit 76.58 during late Asian trade, the pair's lowest since November 18; the pair subsequently consolidated at 76.65, sliding 0.18%. The pair was likely to find support at 76.33, the low of September 28 and resistance at 76.95, the high of January 3. Chinese gross domestic product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Sharply Higher After Chinese GDP Data Posted: 17 Jan 2012 12:10 AM PST Forexpros – The Australian dollar was sharply higher against its U.S. counterpart on Tuesday, as market sentiment was boosted by positive Chinese growth data despite ongoing concerns over the financial crisis in the euro zone. AUD/USD hit 1.0406 during late Asian trade, the pair's highest since November 8; the pair subsequently consolidated at 1.0424, jumping 1.05%. The pair was likely to find support at 1.0285, the low of December 1 and resistance at 1.0496, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Higher As Market Sentiment Recovers Posted: 16 Jan 2012 11:59 PM PST Forexpros – The New Zealand dollar rose to a more than two-month high against its U.S. counterpart on Tuesday, as upbeat Chinese growth data overshadowed lingering concerns over the handling of the debt crisis in the euro zone. NZD/USD hit 0.8002 during late Asian trade, the pair's highest since November 1; the pair subsequently consolidated at 0.8002, gaining 0.83%. The pair was likely to find support at 0.7916, Monday's low and resistance at 0.8066, the high of October 17. Chinese … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Higher After China GDP Data; Nikkei Jumps 1.05% Posted: 16 Jan 2012 11:46 PM PST Forexpros – Asian stock markets were broadly higher on Tuesday, as market sentiment improved after official data showed that China's economy slowed-less-than-expected in the fourth quarter, easing fears over the global economic outlook. During late Asian trade, Hong Kong’s Hang Seng Index rallied 2.9% Australia's S&P/ASX200 jumped 1.65%, while Japan's Nikkei 225 Index gained 1.05%. Official data released earlier showed that China's economy expanded at an annualized rate of 8.9% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up After Better-than-expected China GDP Posted: 16 Jan 2012 11:29 PM PST Forexpros – The euro was up against the broadly weaker U.S. dollar on Tuesday, as stronger-than-expected Chinese growth data eased concerns over the impact of the euro zone's debt crisis on global growth. EUR/USD hit 1.2758 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 1.2743, gaining 0.60%. The pair was likely to find support at 1.2625, Monday's low and a 16-month trough and resistance at 1.2844, last Thursday's high. Chinese gross … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chinese Q4 GDP Slows Less-than-expected Posted: 16 Jan 2012 11:26 PM PST Forexpros – China's economy grew at the slowest pace in more than two years in the fourth quarter of 2011, but still topped expectations, official data showed on Tuesday. In a report, China's National Bureau of Statistics said gross domestic product rose at an annualized rate of 8.9% in the fourth quarter, slowing from growth of 9.1% in the preceding quarter. Analysts had expected China's economy to grow at a rate of 8.8% in the three months ended in December. The economy expanded by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: International Paper Co. (IP) Posted: 16 Jan 2012 11:00 PM PST International Paper Co.’s (NYSE:IP) third quarter EPS of $0.92 beat the Zacks Consensus Estimate. The company continues with its merger and acquisition strategy to strengthen its businesses. The merger with Temple-Inland will increase its share of the North American corrugated-packaging market from 27% to 40% and will be accretive to EPS in the first year. Further, International Paper’s acquisition of a 75% stake in Andhra Pradesh Paper Mills will help capitalize on the burgeoning demand for paper … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: CEVA Inc. Posted: 16 Jan 2012 11:00 PM PST CEVA, Inc. (CEVA) produces earnings surprises and shows well at CES. The stock is Zacks #1 Rank (Strong Buy). Company Description CEVA, Inc., engages in designing and licensing silicon intellectual property for the handsets, portable multimedia, and consumer electronics markets primarily in Europe, the Middle East, and the Asia Pacific. Earnings Surprises Help CEVA has had a positive earnings surprise in each of the last six reporting quarters. The impressive has been the percent of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Hhgregg, Inc. (HGG) Posted: 16 Jan 2012 11:00 PM PST Hhgregg, Inc. (NYSE:HGG) has recently expressed its apprehension with regard to its third-quarter 2012 earnings to decline to approximately $0.60 per share, from the prior-year quarter of $0.66. The estimate slid on the back of lower than expected margins in the video category owing to the promotional activities across all screen sizes. Hhgregg also expects advertising expenses to escalate due to the recent initiatives taken up to increase its market share in the appliance and home office … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: MSA Posted: 16 Jan 2012 11:00 PM PST MSA (NYSE:MSA) offers investors strong growth and a solid dividend at a very reasonable price. Based on consensus estimates, analysts project strong double-digit EPS growth over the next few years. And those estimates have been rising after the company delivered record results for the third quarter. It is a Zacks #2 Rank (Buy). It also pays a dividend that yields 3.1%. Valuation is attractive too, with shares sporting a PEG ratio of 0.8. Safety First MSA (which stands for Mine Safety Appliances) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: American Water Works Co., Inc. Posted: 16 Jan 2012 11:00 PM PST American Water Works Co., Inc (NYSE:AWK) Contrary to what you might believe, the most important commodity is not crude oil, natural gas, silver or even gold – humans can survive without any or all of them.  The one essential commodity that humans cannot live without is potable water. What is most interesting is that there currently is no way to "trade it" or to take advantage of this integral part of our lives or its scarcity. American Water Works is one of the ways you can invest in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 16 Jan 2012 10:45 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.2728, up 0.48% 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 0.15% to hit 0.8278 and EUR/JPY rising 0.31% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up In Asian Trade Posted: 16 Jan 2012 10:10 PM PST Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5369, up 0.28% at time of writing. The pair was likely to find support at 1.5236, Friday's low, and resistance at 1.5409, Friday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.23% to hit 0.8285 and GBP/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 16 Jan 2012 09:35 PM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of Japanese data on Tertiary Industry Activity Index. USD/JPY was trading at 76.70, down 0.12% at time of writing. The pair was likely to find support at 76.67, Friday's low, and resistance at 77.08, Monday's high. Earlier in the day, official data showed that Japan's tertiary industry activity index fell more-than-expected to a seasonally adjusted -0.8% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The Asian Session Posted: 16 Jan 2012 09:00 PM PST Forexpros – The Euro was higher against the British Pound on Tuesday. EUR/GBP was trading at 0.8281, up 0.18% at time of writing. The pair was likely to find support at 0.8255, Monday's low, and resistance at 0.8377, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.47% to hit 1.2726 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In Asian Trading Hours Posted: 16 Jan 2012 08:10 PM PST Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 1.0148, down 0.31% at time of writing. The pair was likely to find support at 1.0140, Thursday's low, and resistance at 1.0284, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.54% to hit 1.2735 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 16 Jan 2012 07:30 PM PST Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0371, up 0.55% at time of writing. The pair was likely to find support at 1.0233, Friday's low, and resistance at 1.0378, today's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.10% to hit 1.2270 and AUD/JPY rising 0.53% 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: 16 Jan 2012 07:05 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.2730, up 0.49% 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 0.24% to hit 0.8286 and EUR/JPY rising 0.49% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Dollar, Weak Earnings Indicate A Top Is Near For The S&P 500 Posted: 16 Jan 2012 06:36 PM PST A wise man proportions his belief to the evidence.~ David Hume ~ Earnings season is now upon us and so far the only major earnings component that has been released is the J.P. Morgan earnings report that came in Friday before the market opened. After the report was digested by the marketplace, prices fell dramatically. While the charlatans in Washington try to sell the American public into believing that the U.S economy is starting to firm up, the underlying truth is that the recovery has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Up During Asian Trade Posted: 16 Jan 2012 06:35 PM PST Forexpros – The Euro was higher against the Japanese Yen on Tuesday after the release of Japanese data on Tertiary Industry Activity Index. EUR/JPY was trading at 97.67, up 0.41% at time of writing. The pair was likely to find support at 97.04, Monday's low, and resistance at 98.80, Friday's high. Earlier in the day, official data showed that Japan's tertiary industry activity index fell more-than-expected to a seasonally adjusted -0.8% last month from 0.6% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Healing Posted: 16 Jan 2012 05:51 AM PST I’ve been pretty bearish in the last few months, but it may be time to change my outlook. Last week, the Asset Inflation-Deflation Trend Model moved from a deflation to a neutral reading. As a confirmation of this trend, my review of the charts show a picture of global healing after the trauma last year of a near banking crisis meltdown in Europe. Is LTRO the Draghi Put? Most notable is the performance of the banks. The relative performance of the Banking Index shows a pattern of a rally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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