Monday, January 30, 2012

DailyMarkets.com - Forex Trading: EUR/USD Moves Below 61.8%

DailyMarkets.com - Forex Trading: EUR/USD Moves Below 61.8%

Forex Trading: EUR/USD Moves Below 61.8%

Posted: 30 Jan 2012 02:18 AM PST

After testing support at this level earlier, the pair has secured consecutive closes below this line; with European equities in the red we may see more risk-off sentiment in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Lower

Posted: 30 Jan 2012 01:19 AM PST

The Euro has come off in recent trading as investors await a debt swap deal between Greece and it's private creditors; the deal would cut the long term value of bonds help by creditors to a touch over 70%. Additionally, German Eco. Minster Roesler is said to want Greece to surrender control of its budget policy if it could not follow through with necessary reforms.
On the 15 minute, the EUR/USD found support at the 61.8% fibo line on the move from Friday's low to today's high; currently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Metals Looking To EU Summit For Direction, Crude Oil Awaits Iran News

Posted: 30 Jan 2012 12:11 AM PST

Talking Points

Crude Oil Holding in Familiar Range, Focus on Iran as UN Inspectors Arrive
Gold, Silver and Copper Looking to EU Leaders' Summit Outcome for Direction

WTI Crude Oil (NY Close): $99.59 // -0.14 // -0.14%
Crude oil prices have somewhat decoupled from wider market trends, with the WTI contract stuck in a familiar range for the past two weeks. The standstill likely owes to a geopolitical situation in flux as Iran and the West continue to exchange barbs. UN nuclear experts arrived … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: JAKKS Pacific (JAKK)

Posted: 29 Jan 2012 11:00 PM PST

Challenging holiday sales hit JAKKS Pacific (NASDAQ:JAKK) badly, which consequently made the company cut its fiscal 2011 guidance. The labor shortage in Asia and an increase in input costs also remained a drag on the stock.
An underperformance in the third quarter’s top and bottom line makes us cautious on the stock. Hence, we downgrade the stock from Neutral to Underperform recommendation.
Our six-month target price of $13.00 equates to about 13.0x our estimate for 2012. The target price implies an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Packaging Corporation Of America

Posted: 29 Jan 2012 11:00 PM PST

Estimates have been rising for Packaging Corporation of America (NYSE:PKG) after the company delivered better than expected results for its fourth quarter on January 23.
It is a Zacks #2 Rank (Buy).
Based on consensus estimates, analysts project 19% EPS growth this year and 20% next year. On top of this growth, it pays a dividend that yields 2.8%.
Company Description
Packaging Corporation of America produces containerboard and corrugated packaging products in the United States. It is headquartered … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Foot Locker

Posted: 29 Jan 2012 11:00 PM PST

Foot Locker (NYSE:FL)
Usually you look to the sky when you are dreaming of bigger and better things.  But in this case, you might want to take a look at your shoes!  Of course foot locker is more than just a shoe company; I'll get to that in just a second. 
Foot locker saw a sharp drop-off in sales when the recession hit, but has since been recovering and seems to be gaining momentum here.  If you are a believer in the consumer comeback, you might not need to look further … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Mylan, Inc. (MYL)

Posted: 29 Jan 2012 11:00 PM PST

Mylan, Inc. (NYSE:MYL) is one of the leading players in the US generics market. The company holds immense potential as many blockbuster drugs have begun to go off-patent and many more will lose patent exclusivity in the next few years.
Moreover, we are encouraged by Mylan’s geographic reach and product depth along with a robust generic product pipeline. We believe the generic segment will post strong sales in 2012 benefiting from a slew of product launches already lined up.
We have therefore … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Heartland Payment Systems

Posted: 29 Jan 2012 11:00 PM PST

Heartland Payment Systems (HPY) sees earnings surprises translate into price appreciation. With estimates moving higher, this stock is a Zacks #1 Rank (Strong Buy).
Company Description
Heartland Payment Systems, Inc. provides bankcard payment processing services. It facilitates the exchange of information and funds between merchants and cardholder’s financial institutions and offers electronic payment processing services to merchants.
Earnings Surprises Lead to Price Moves
The last three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RBNZ Governor Alan Bollard To Step Down This Year

Posted: 29 Jan 2012 10:45 PM PST

The Reserve Bank of New Zealand Governor, Alan Bollard, has announced that he will be stepping down as Governor when his current term ends on the 25th of September this year.  Dr Bollard was appointed in September 2002, and is currently in his second five-year term.  The Chair of the Reserve Bank Board, Dr Arthur Grimes, noted that the Board will be searching in New Zealand and abroad to identify a successor to Dr Bollard.  The Governor of the Reserve Bank is appointed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Debt Crisis Is About To Go Jonah Lomu On The Central Banker Defensive Line

Posted: 29 Jan 2012 09:49 PM PST

The Jonah Lomu was considered the most dangerous player on the rugby union field, if he was not stopped early you could be sure your defensive line would be ripped apart. In international rugby or any sport for that matter it is rare the opposing side actual feared an individual player. Jonah Lomu is now retired, but when he played he was a true rugby giant that sent the villages running for cover. This is the correlation the debt crisis is about to have on the world, it is gonna run at us like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Facebook IPO Buzz Reaches Fever Pitch

Posted: 29 Jan 2012 09:00 PM PST

01/30/12 The social networking giant garnered plenty of attention amid reports of an imminent IPO filing. Speculation over Facebook’s filing reached new heights, with the company seeking a reported valuation of up to $100 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A ST Pullback In Nasdaq 100 Is Around The Corner

Posted: 29 Jan 2012 01:56 PM PST

By ForexMansion.com
Nasdaq 100: 2461.69
Short-Term Trend: uptrend
Outlook:
The Nasdaq 100 market remains quite strong as the prices have moved abv the 2460 level. The next upside target is 2545 and I am pretty confident this level will be reached next month. But first, we may see a pullback because the market is overextended on the upside. A decline below 2420 will be a clear sign that wave A has likely ended and a pullback twd 2360 will be expected….

Strategy: Holding long from 2360 is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Short-Term Oulook In EUR/USD

Posted: 29 Jan 2012 01:54 PM PST

By ForexMansion.com
EURUSD: 1.3218
Short-Term Trend: weak downtrend
Outlook:
A week ago I favored longs on a small pullback against the 1.2670 level. Depending on your risk tolerance, you are either long already or have missed to enter long by a small margin. I will consider that we have a hypothetical long position. The daily chart now looks quite positive. The prices are above the rising 21-day MA and that’s bullish. Of coure, the daily trend is objectively still on the downside because the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Is Headed Even Lower In Coming Weeks

Posted: 29 Jan 2012 01:12 PM PST

By ForexMansion.com
A sharp fall from 81.80 area seen in the past few weeks is impulsive, which means that we have a temporary top in place, likely of a wave I, which was an expanding diagonal. That is type of a motive wave, where structure allows overlap between waves four and one. With this being said, at least three waves of a pull-back is now underway within wave two, which will ideally reach 50-61.8% retracement area and then reverse from.

About ForexMansion.com:

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