Filed under: International Markets, Currency

On Tuesday we saw the U.S. dollar sharply higher, and conversely the euro fell sharply. Traders are worried about another bout of financial instability in Europe.

Technical analysts follow chart patterns and use various tools to forecast price changes. Tom Fitzpatrick, technical analyst for Citigroup (C), stated in Bloomberg/Businessweek that his analysis indicates another break below support at .2568 to about the .22 level.

Continue reading Euro Could Drop to .22 if Technical Support is Broken

Euro Could Drop to .22 if Technical Support is Broken originally appeared on BloggingStocks on Wed, 08 Sep 2010 15:20:00 EST. Please see our terms for use of feeds.

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Technical analysis – Citigroup – BloggingStocks – United States dollar – European Union
BloggingStocks

Filed under: International Markets, Forecasts, Rumors, Industry, Market Matters, Commodities

Technical analyst, Jim Stallakis,writing for Businessweek. com says cocoa could fall 12% in the next two months.

Technical analysts use charts and various indicators to arrive at their predictions. One key tool that most traders use are support and resistance levels. Support levels are just that. They support the price at a given level. Resistance levels are upside points were trading occurred, but then backed off. Breaking support levels usually means further downside movement. Conversely, breaking through resistance levels signals a rally.

Continue reading Technical Analyst Says Cocoa to Fall 12% in Two Months

Technical Analyst Says Cocoa to Fall 12% in Two Months originally appeared on BloggingStocks on Thu, 02 Sep 2010 15:30:00 EST. Please see our terms for use of feeds.

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Technical analysis – Support and resistance – BloggingStocks – Business – Investing
BloggingStocks

Filed under: Ford Motor (F), Newsletters, Stocks to Buy

“Ford Motor Company (F), publicly traded since 1956, was the only major U.S. automaker to avoid bankruptcy during the 2008 to 2009 financial crisis,” notes Dr. Melvin Pasternak.

The editor of Double-Digit Trading explains, “Ford didn’t just skirt bankruptcy — it has begun to flourish. Here’s a look at the bull technicals and fundamentals behind this company.

“This July, the world’s fourth-largest automaker reported its best quarterly profit since 2004. The company also achieved strong earnings gains for the fifth straight quarter.

Continue reading Ford (F): A Fundamental and Technical Buy

Ford (F): A Fundamental and Technical Buy originally appeared on BloggingStocks on Fri, 06 Aug 2010 12:40:00 EST. Please see our terms for use of feeds.

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Ford Motor Company – United States – Automotive industry – BloggingStocks – Bankruptcy
BloggingStocks

Filed under: Analyst Reports, Forecasts, India, Brazil, Market Matters, Technical Analysis

Technical analyst Robin Griffiths of Cazenove Capital has come up with a dire prediction for the West. Using his charting method, he foresees a 20-year secular downturn in the West. We are halfway through this period.

Griffiths has a unique way of putting it. He says that: “We should own in the East and rent in the West. In the East, you can own equities in countries like India and Brazil and without watching them too closely, will be sitting on returns of over 100% over the long term.”

Continue reading Technical Analyst Foresees Another 10 Years in Decline

Technical Analyst Foresees Another 10 Years in Decline originally appeared on BloggingStocks on Wed, 04 Aug 2010 13:00:00 EST. Please see our terms for use of feeds.

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Technical analysis – Stock – Business – Investing – Research and Analysis
BloggingStocks

Filed under: International Markets, Market Matters, Currency

Technically, the US dollar index fell through its 200 day moving average to 80.47. Investors and hedge fund traders, seeing this are moving in to sell dollar contracts. The reason given for the drop was that Ben Bernake said that the economy was slowing after removal of fiscal stimulus.

Continue reading Dollar Falls, Breaking Technical Support

Dollar Falls, Breaking Technical Support originally appeared on BloggingStocks on Tue, 03 Aug 2010 14:30:00 EST. Please see our terms for use of feeds.

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Hedge fund – Business – Investing – BloggingStocks – Funds
BloggingStocks

Filed under: International Markets, General Electric (GE), India, China, Newsletters, Stocks to Buy

“General Electric (GE) shows solid earnings growth potential, is attractively valued and appears to be a bargain at its current share price,” says Dr. Melvin Pasternak.

The editor of Double-Digit Trading explains, “Fundamentally, GE’s earnings recovery could carry the stock higher. The company expects 2010 to be a turnaround year. GE should benefit from billion of cost cutting and restructuring measures.

“GE operates in more than 100 countries. And GE continues to expand its presence in India and China.

Continue reading General Electric: Fundamental and Technical Buy

General Electric: Fundamental and Technical Buy originally appeared on BloggingStocks on Fri, 30 Jul 2010 11:00:00 EST. Please see our terms for use of feeds.

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General Electric – Business – BloggingStocks – Investing – Stock
BloggingStocks

EUR/USD 1.1918
EUR/USD Open 1.1886 High 1.2210 Low 1.1878 Close 1.1968
Friday EUR/USD traded with a slight increase early, then collapsed to under 1.2 on the Hungary issue. and good US payrolls data.
EUR/USD depreciated from 1.2210 to 1.1957 Friday, in line with the Interbank sentiment projection, at nearly -16%, closing the week at 1.1968.
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