Monday, March 18, 2013

DailyMarkets.com - Quick Fibonacci Confluence Reference Chart For US Dollar

DailyMarkets.com - Quick Fibonacci Confluence Reference Chart For US Dollar

Quick Fibonacci Confluence Reference Chart For US Dollar

Posted: 18 Mar 2013 02:43 PM PDT

Let's take a quick look at a Fibonacci Retracement Confluence Grid (chart) for the US Dollar Index and see what levels are critical support and potential future targets for the index.

The chart above shows the US Dollar Index ($DXY) on the hourly chart with five Fibonacci Retracement grids stretching from the recent closing high near the 83 index level.
Cutting straight to the point, we see three short-term/intraday confluence levels and we'll address them from high to low.
The circled … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Airbus Clinches Record Deal With Lion Air

Posted: 18 Mar 2013 02:41 PM PDT

03/18/13 Airbus won a record order for 234 planes from Indonesia’s Lion Air. The deal was signed at the Elysée Palace in Paris, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks Start The Week In The Red

Posted: 18 Mar 2013 09:32 AM PDT

03/18/13 Stocks pared most of their early losses but still closed out in the red as investors turned their focus overseas on concerns over a plan to tax bank depositors in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Bounce Could Not Hold After Hours

Posted: 18 Mar 2013 02:17 PM PDT

Cusick’s Corner 03-18-2013 After Hours
The buyers came in around the Midday but the sellers did take some control going into the After Hours. What’s interesting was that the shorts did wait for the final hour to start fighting back, and while some may be sighing with relief, this late push to the downside just showed both a lack of conviction and catalysts for a deeper pullback. Don’t get complacent; this is a market that could use a rest/pullback, so it might be best to take a look at support … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Negative Sentiment And Capitulation At PDAC Could Mark Bottom In Junior Mining Sector

Posted: 18 Mar 2013 11:18 AM PDT

I have just returned from PDAC, the largest mining show in the world where I was invited to be a speaker.  This is my second year presenting at the show which is attended by over 30,000 people from all over the world.  It is a great honor and privilege to be selected by the highly prestigious PDAC committee.  Only two years ago, the sentiment was completely different.  In 2011, the mood was euphoric and may have marked the top in the junior mining sector.  This year the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

FOMC Meeting, Cyprus Parliament Vote On Bailout Awaited

Posted: 18 Mar 2013 08:24 AM PDT

03/18/13 The two-day FOMC meeting kicks off on Tuesday. The Cyprus vote on the controversial bailout package will be closely … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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