20 Haziran 2011 Pazartesi

DailyMarkets.com - Forex – USD/CHF Hits 2-week High As Swiss PPI Declines

DailyMarkets.com - Forex – USD/CHF Hits 2-week High As Swiss PPI Declines

Forex – USD/CHF Hits 2-week High As Swiss PPI Declines

Posted: 15 Jun 2011 03:11 AM PDT

Forex Pros – The U.S. dollar rose to a two-week high against the Swiss franc on Wednesday, after official data showed that Swiss producer price inflation declined unexpectedly last month.

USD/CHF hit 0.8502 during European morning trade, the pair’s highest since June 1; the pair subsequently consolidated at 0.8496, gaining 0.50%.

The pair was likely to find support at 0.8346, Tuesday’s low and resistance at 0.8542, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corn Futures Fall To 1-week Low As U.S. Crop Concerns Ease

Posted: 15 Jun 2011 03:00 AM PDT

Forex Pros – Corn futures were down for a third day on Wednesday, falling to a one-week low as favorable weather conditions in key U.S. corn growing regions helped improve U.S. crop conditions last week.

On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD7.5175 a bushel during European morning trade, shedding 0.31%. 

It earlier fell to USD7.5125 a bushel, the lowest price since June 8.   … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Remains Lower After Weak U.K. Employment Data

Posted: 15 Jun 2011 02:33 AM PDT

Forex Pros – The euro remained down against the pound on Wednesday, despite official data showing that the number of people in the U.K. claiming unemployment benefits rose at the fastest pace in almost two years last month.

EUR/GBP hit 0.8796 during European morning trade, the pair’s lowest since June 2; the pair subsequently consolidated at 0.8786, down 0.39%

The pair was likely to find support at 0.8743, the low of June 1 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Firmer

Posted: 15 Jun 2011 02:28 AM PDT

USD/JPY has been trading continually higher tonight; currently trading on session highs. Below you can see that the pair is having trouble pushing higher through the 50.0% line on the move from May 30th highs to June 8th lows. If resistance holds, we look lower to 80.58 as our target; further buying could see us towards … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Zone Industrial Production Rises Unexpectedly

Posted: 15 Jun 2011 02:11 AM PDT

Forex Pros – Industrial production in the euro zone rose unexpectedly in April, official data showed on Wednesday.

In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.2% in April, after holding flat in March, whose figure was revised from a decline of 0.2%.

Analysts had expected industrial production in the euro zone to fall by 0.2%.

Year-on-year, industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Drop On French Banks; DAX Slumps 0.5%

Posted: 15 Jun 2011 02:05 AM PDT

Forex Pros – European stock markets were broadly lower on Wednesday, amid ongoing uncertainty over Greece’s sovereign debt crisis, while shares in French lenders declined after Moody’s placed their ratings under review.

During European morning trade, the EURO STOXX 50 slumped 0.6%, France’s CAC 40 shed 0.45%, while Germany’s DAX 30 declined 0.5%.

Euro zone finance ministers failed to reach an agreement on a second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.K. Claimant Count Change Up Significantly More-than-expected

Posted: 15 Jun 2011 01:35 AM PDT

Forex Pros – The number of people claiming unemployment benefits in the U.K. rose significantly more-than-expected in May, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the claimant count rose by a seasonally adjusted 19,600 in May, after rising by 16,900 in April, whose figure was upwardly revised from an increase of 12,400.

Analysts had expected the claimant count to rise by 6,500 in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher As Greek Debt Woes Weigh

Posted: 15 Jun 2011 01:34 AM PDT

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as ongoing concerns over Greece’s sovereign debt dented investor demand for riskier assets.
 
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.51% to hit 1.4366.

On Tuesday, ratings agency Moody’s placed three of Frances largest lenders under review, pending possible downgrades due to their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Losses Ahead Of U.K. Employment Data

Posted: 15 Jun 2011 01:04 AM PDT

Forex Pros – The pound trimmed losses against the U.S. dollar on Wednesday, pulling back from a two-day low ahead of the release of U.K. data on claimant count change and the unemployment rate.

GBP/USD pulled away from 1.6329, the pair’s lowest since Monday, to hit 1.6357 during early European trade, still down 0.07% on the day.

Cable was likely to find support at 1.6214, Monday’s low and resistance at 1.6440, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Declines On Stronger U.S. Dollar, Rising U.S. Supplies

Posted: 15 Jun 2011 01:00 AM PDT

Forex Pros – Crude oil futures declined on Wednesday, retreating from a three-day high as a broadly stronger U.S. dollar and rising U.S. gasoline supplies drove prices lower.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD98.81 a barrel during European morning trade, slumping 0.48%.     

It earlier fell to a daily low of USD98.52 a barrel.
visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Edges Higher As U.S. Retail Sales Data Supports

Posted: 15 Jun 2011 12:36 AM PDT

Forex Pros – The U.S. dollar edged higher against the yen on Wednesday, after data showing that U.S. retail sales fell less-than-expected last month eased concerns over a slowdown in the world’s largest economy.

USD/JPY hit 80.65 during late Asian trade, the pair’s highest since Monday; the pair subsequently consolidated at 80.59, easing up 0.14%.

The pair was likely to find support at 79.83, the low of June 9 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Chile Raises Interest Rate 25bps To 5.25%

Posted: 15 Jun 2011 12:33 AM PDT

The Banco Central de Chile raised its monetary policy interest rate by 25 basis points to 5.25% from 5.00% previously.  The Bank said: “The Board estimates that, in the most likely scenario, additional increases in the monetary policy rate will be necessary, the timing of which will depend on the unfolding of domestic and external macroeconomic conditions. Accordingly, it will continue to use its policies with flexibility so that projected inflation stands at 3% over the policy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Dip As Stronger U.S. Dollar Weighs

Posted: 15 Jun 2011 12:24 AM PDT

Forex Pros – Gold futures edged lower on Wednesday, as a broadly stronger U.S. dollar reduced the appeal of the precious metal, but losses were limited amid ongoing uncertainty over Greece’s debt crisis.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,522.65 a troy ounce during late Asian trade, shedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Switzerland PPI Declines Unexpectedly In May

Posted: 15 Jun 2011 12:20 AM PDT

Forex Pros – Switzerland’s producer price index unexpectedly declined in May, official data showed on Wednesday.

The Swiss Federal Statistical Office said its producer price index dipped by a seasonally adjusted 0.2% in May, after rising by 0.3% in April.

Analysts had expected Swiss PPI to rise by 0.1% in May.

Year-over-year, the producer price index fell at an annualized rate of 0.4% in May, after advancing at a rate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down As Greece Fears Overshadow Retail Data

Posted: 15 Jun 2011 12:05 AM PDT

Forex Pros – The New Zealand dollar was down against its U.S. counterpart on Wednesday, as ongoing concerns over Greek sovereign debt overshadowed data showing that domestic retail sales rose for the first time in three quarters.

NZD/USD hit 0.8144 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8146, shedding 0.43%.

The pair was likely to find support at 0.8071, the low of June 3 and resistance at 0.8217, the high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Erases Gains As Greece Fears Hit Sentiment

Posted: 14 Jun 2011 11:49 PM PDT

Forex Pros – The Australian dollar erased gains against its U.S. counterpart on Wednesday, as renewed concerns over Greece’s sovereign debts dampened demand for higher yielding assets.

AUD/USD pulled away from 1.0713, the daily high, to hit 1.0682 during late Asian trade, dipping 0.02%.

The pair was likely to find support at 1.0567, Tuesday’s low and resistance at 1.0757, the high of June 7.

The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Lower Following Comments That Moody’s May Lower Credit Ratings On BNP Paribas, Societe Generale, And Credit Agricole

Posted: 14 Jun 2011 11:46 PM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Mixed As Greek Debt Fears Weigh; Nikkei Up 0.3%

Posted: 14 Jun 2011 11:45 PM PDT

Forex Pros – Asian stock markets were mixed on Wednesday, as ongoing uncertainty over a resolution to Greece’s debt crisis weighed on sentiment, while shares in Japanese exporters edged higher in Tokyo.

During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.5%, South Korea’s Kospi Composite gained 0.47%, while Japan’s Nikkei 225 Index added 0.28%.

Euro zone finance ministers failed to reach an agreement on a second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Slips Amid Renewed Concerns Over Greece

Posted: 14 Jun 2011 11:27 PM PDT

Forex Pros – The euro slipped against the U.S. dollar on Wednesday, amid renewed concerns over Greece’s sovereign debt issues as Moody’s placed the ratings of major French lenders under review, citing their exposure to Greek debt.

EUR/USD hit 1.4386 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4388, shedding 0.36%.

The pair was likely to find support at 1.4319, Monday’s low and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Zealand Q1 Retail Sales Rise In Line With Expectations

Posted: 14 Jun 2011 11:22 PM PDT

Forex Pros – Retail sales in New Zealand rose in line with expectations in the first quarter, official data showed on Wednesday.

In a report, Statistics New Zealand said that retail sales rose by a seasonally adjusted 0.9% in the first quarter, after dipping by 0.4% in the previous quarter.

Core retail sales, which exclude automobile sales, rose in line with expectations, climbing by a seasonally adjusted 0.7%, after a flat reading in the fourth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Honeywell International Inc.

Posted: 14 Jun 2011 11:05 PM PDT

Following the recent batch of weak economic data, the market has punished cyclical stocks like Honeywell International Inc. (NYSE:HON). If this doesn’t turn out to be a precursor to another recession however, then this could end up being a great time to buy.
Honeywell has been posting strong numbers lately, delivering 7 consecutive positive earnings surprises. This has prompted analysts to steadily raise their earnings estimates over this time. Moreover, management raised both its sales and EPS … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Enzon Pharmaceuticals (ENZN)

Posted: 14 Jun 2011 11:05 PM PDT

Enzon Pharma’s (NASDAQ:ENZN) first quarter 2011 net loss of $0.07 per share was narrower than the year-ago loss of $0.20 due to substantial cost cutting by management. The discontinuation of the development of PEG-SN38 for mCRC was a major blow to Enzon, leaving it with just one clinical program in mid-stage development and all other programs in early stages of development.
Moreover, royalties from the sales of PegIntron, comprising a substantial part of revenues, have been declining. Recent FDA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Cummins, Inc. (CMI)

Posted: 14 Jun 2011 11:05 PM PDT

Cummins Inc. (NYSE:CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. The company’s results improved significantly in the most recent quarter, driven by the truck market recovery in North America and continued strength in non-U.S. markets.
Earnings exceeded the Zacks Consensus Estimate by $0.31 per share during the quarter. Furthermore, Cummins raised its EBIT guidance for 2011 based on higher profits in the first quarter of 2011.
These factors have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Red Robin Gourmet Burgers, Inc.

Posted: 14 Jun 2011 11:05 PM PDT

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) recently spiked into a new multi-year high after reporting an impressive 142% Q1 earnings usrprise. Estimates saw huge revisions on the news, making this Zacks #1 rank stock a sizzling play on momentum.
Company Description
Red Robin Gourmet Burgers, Inc., together with its subsidiaires, develops and franchises casual dining restaurants in the United States and Canada. The company was founded in 1969 and has a market cap of $415 million.
Although RRGB has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Steinway Musical Instruments

Posted: 14 Jun 2011 11:05 PM PDT

Steinway Musical Instruments, Inc (NYSE:LVB) estimates have plenty of confidence after the last quarterly report. They actually missed expectations by a penny, but sales were up and the future is looking good for this Zacks #1 Rank (Strong Buy).
Company Description
Steinway Musical Instruments is a global manufacturer of musical instruments, as you may have guessed from the name. They also have some real estate leasing operations in New York.
Sales Up 6%
On May 9 the company reported first-quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 14 Jun 2011 10:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.4417, down 0.17% at time of writing.

The pair was likely to find support at 1.4322, Monday’s low, and resistance at 1.4551, Friday’s high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8806 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 14 Jun 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.6367, down 0.02% at time of writing.

The pair was likely to find support at 1.6216, Friday’s low, and resistance at 1.6442, Tuesday’s high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8812 and GBP/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 14 Jun 2011 09:55 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Wednesday.

EUR/CHF was trading at 1.2208, down 0.001% at time of writing.

The pair was likely to find support at 1.2005, Monday’s low, and resistance at 1.2254, Tuesday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.21% to hit 1.4412 and EUR/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During Asian Trade

Posted: 14 Jun 2011 09:25 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.8452, down 0.02% at time of writing.

The pair was likely to find support at 0.8348, Tuesday’s low, and resistance at 0.8468, Monday’s high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.22% to hit 1.4410 and USD/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intra-day Double Bottoms Seen In Gold And Silver

Posted: 14 Jun 2011 09:18 PM PDT

Gold (XAU/USD)

Short-Term- We can loosely define a bottoming action seen in gold's 1H chart as a double bottom. The 1523.80 pivot was broken, and a short-term bullish attempt is developing.
- The RSI however has not confirmed with a break above 60. That is needed at least to signal a lost of bearish momentum.
- Last time we had a similar double bottom type action we had a rally from 1523.80 to 1553.
- If the price action follows suit this time, we have a projection towards 1541. A shorter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The Asian Session

Posted: 14 Jun 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Wednesday.

EUR/GBP was trading at 0.8806, down 0.18% at time of writing.

The pair was likely to find support at 0.8785, Tuesday’s low, and resistance at 0.8922, Friday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.22% to hit 1.4410 and EUR/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 14 Jun 2011 08:35 PM PDT

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

USD/JPY was trading at 80.39, down 0.13% at time of writing.

The pair was likely to find support at 79.97, Friday’s low, and resistance at 80.69, Monday’s high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.24% to hit 1.4408 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In Asian Trading Hours

Posted: 14 Jun 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9690, up 0.12% at time of writing.

The pair was likely to find support at 0.9675, Tuesday’s low, and resistance at 0.9799, Friday’s high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.15% to hit 1.4420 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down During Asian Trade

Posted: 14 Jun 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 1.0671, down 0.14% at time of writing.

The pair was likely to find support at 1.0526, Monday’s low, and resistance at 1.0716, Tuesday’s high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.02% to hit 1.3512 and AUD/JPY falling 0.23% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Phenomenal Gains In Manufacturing Productivity

Posted: 14 Jun 2011 07:25 PM PDT

The chart above show annual real manufacturing output per worker from 1947-2010 using data from the BEA for manufacturing output by industry and data from the BLS on manufacturing employment.  

In 1950, the average U.S. manufacturing employee produced $19,600 (in 2010 dollars) of output, and by 1976 the amount of output per worker had doubled to $38,500.  During that period manufacturing productivity was growing annually at 2.63%.  Output per worker doubled again to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 14 Jun 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.4414, down 0.19% at time of writing.

The pair was likely to find support at 1.4322, Monday’s low, and resistance at 1.4551, Friday’s high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8808 and EUR/JPY falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Down During Asian Trade

Posted: 14 Jun 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Wednesday.

EUR/JPY was trading at 115.97, down 0.23% at time of writing.

The pair was likely to find support at 114.96, Friday’s low, and resistance at 116.87, Friday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.16% to hit 1.4419 and EUR/GBP falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shipping Activity At L.A. Port Was Strong In May

Posted: 14 Jun 2011 05:54 PM PDT

Loaded outbound 20-foot containers (TEUs) exported from the L.A. Port in May totaled 184,275 units, which was the highest export container count ever for the month of May, and the second highest monthly export shipping volume for any month in the port’s history, next to the all-time monthly record of 192,850 TEUs in March of this year (see chart).  Other highlights of this month’s report include:

1. Containerized exports in May were above the year-ago level by 14.7%, and up by 21% from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 14 Jun 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.

GBP/JPY was trading at 131.89, up 0.09% at time of writing.

The pair was likely to find support at 129.79, Friday’s low, and resistance at 132.33, Tuesday’s high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.01% to hit 1.6369 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Why The Republican War On Workers’ Rights Undermines The American Economy

Posted: 14 Jun 2011 05:34 PM PDT

The battle has resumed in Wisconsin. The state supreme court has allowed Governor Scott Walker to strip bargaining rights from state workers.
Meanwhile, governors and legislators in New Hampshire and Missouri are attacking private unions, seeking to make the states so-called "open shop" where workers can get all the benefits of being union members without paying union dues. Needless to say this ploy undermines the capacity of unions to do much of anything. Other Republican governors and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:30 AM PDT

By ForexMansion.com

 
The USD/JPY pair rose Tuesday, showing a resistance to going below the 80 level. However, it also drifted lower towards the end of the day, showing how little follow through this pair seems to have when is comes to all bullish moves. The central banks are waiting below the 80 mark, so we don't sell either. In fact – we are doing nothing in this pair until clarity shows up.

Originally posted here
Find more information about technical analysis, fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:29 AM PDT

By ForexMansion.com

 
The USD/CHF pair rose on Tuesday, as the markets sold off the Franc in general. The pair is currently testing a relatively important area in the form of 0.8450 or so, and will find that these levels should have decent resistance. Because of this, we feel that selling rallies will still be the way to go in this pair, and that the trend will certainly help you as it is down and has been for years.

Originally posted here
Find more information about technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:28 AM PDT

By ForexMansion.com

 
The USD/CAD pair fell hard on Tuesday as commodity traders bought up most markets, with oil be included. Because of this, we now find ourselves testing the 0.97-0.9650 strip of support. If we can break through there, and sustain it on a daily candle, there is a real chance of heading much lower and testing the low again. Of course, this pair has been stubborn lately, so waiting to see if we can close below that level is crucial before getting involved. If we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:27 AM PDT

By ForexMansion.com

 
The NZD/USD pair rose slightly on Tuesday, and still sits above the 0.81 area. The area has been very supportive and continues to do so as the lows on Tuesday were repelled at that level. The recent breakout of consolidation happened at this level, and as such – we feel this is a classic breakout and retest of resistance.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
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GBP/USD Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:26 AM PDT

By ForexMansion.com

 
The GBP/USD rose, and then fell on Tuesday, eventually forming a shooting star for the day. This is a very bearish candle, and could signal more selling ahead. The 1.65 above should be resistance, and the 1.60 below should be support. However, based upon this candle, it looks like the near future will hold bearish tones.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
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GBP/JPY Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:23 AM PDT

By ForexMansion.com

 
The GBP/JPY pair rose during the Tuesday session, but found it selling off in the latter hours as the pair lost momentum in New York afternoon trading. The pair looks weak as the candle is somewhat of a shooting star. Because of that, we fell that there is little underlying strength in the positive move, and it seems that the real risk is to the downside.

Originally posted here
Find more information about technical analysis, fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:22 AM PDT

By ForexMansion.com

 
The GBP/CHF pair broke out of consolidation to the upside on Tuesday, giving the bulls an upper hand for the short-term. This could have us retesting the 1.40 support area for resistance. Because of this clear area of resistance, we feel that letting the price float up to that level before selling is probably the way to go.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:21 AM PDT

By ForexMansion.com

 
EUR/USD rose during the Tuesday session, but fell at the end of the day. Because of this, although the day was technically positive day, something looks amiss in this pair. While there is no technical sell signal, sometimes with experience you can spot when things "don't look quite right". This is one of those times. I wouldn't be buying the EUR at this point as the markets sold off in the end, and although we closed higher – the ending shows a real lack … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:21 AM PDT

By ForexMansion.com

 
EUR/JPY rose on Tuesday trading, showing signs of strength in the market. However, towards the end of the day, we saw this pair drift lower. The pair suffers from having the Euro attached to it, and because of that – will always be somewhat suspect on moves like this. Selling isn't advised yet either – this pair looks choppy at best.

Originally posted here
Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:20 AM PDT

By ForexMansion.com

 
EUR/GBP bounced off of the 0.88 level, which is exactly why we said yesterday that we weren't necessarily interested in shorting this pair as it has a lot of support and resistance at the level. Because of this latest move on Tuesday, we fell that we may see choppiness to this market that might keep it in a 200 pip range or so. As such, we like buying at 0.88 and selling at 0.90 – assuming we get that consolidation that appears to be brewing.

Originally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:19 AM PDT

By ForexMansion.com

 
EUR/CHF rose rapidly during Tuesday, and certainly has cleared the bottom of the recent consolidation zone as the bulls stepped in early. The one caveat is that at the end of the day, we formed a 4 hour shooting star to close out the session. The afternoon in New York seemed a bit on the flat side, and as such – could show that there isn't underlying strength to the bullishness during the session. Of course, the trend is down, and that still means something. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:18 AM PDT

By ForexMansion.com

 
AUD/USD rose on the Tuesday session, and found itself testing not only the 1.07 level, but the top of a recent downward channel in this market. The pair still looks bullish overall, and we feel that a break of this channel might be just what the doctor ordered for the bulls. If we can break out, it would signal that we perhaps are down with our correction in this pair. If not, we will slide lower long the down trend channel.

Originally posted here
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AUD/NZD Technical Analysis For June 15, 2011

Posted: 14 Jun 2011 10:17 AM PDT

By ForexMansion.com

 
AUD/NZD rose from below the 1.30 area, and now sits within a recent consolidation zone that is magnetized towards the 1.30 line. The pair looks like it is slightly bullish, but it must be said that 1.32 is now coming into play as a final line in the sand for bears. If we can break above there, we will have a bullish market again. If we can fall below 1.28 – this pair is suddenly very bearish. In the meantime, this pair could be sideways for a while.

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