EURO is UNDER PRESSURE…1.31450 is STRONG SUPPORT for WEEKLY ..break this will brings EURO FALL more deeply…now EUR still aim to that supoort
JP Morgan Weekly Chart is in downtrend now since strong supoort at 32.26 was break, this stock will looking for 27.85…hope to see reversal point above 27.85.
NEW YORK (MarketWatch) — U.S. stocks fell hard Wednesday after Fitch Ratings signaled trouble for U.S. banks should Europe’s debt trouble worsen, with the crisis overseas continuing to dominate on Wall Street.
“The market has got such ADD (Attention Deficit Disorder), it goes from one thing to another, it’s like my beagle puppy, who can’t focus on anything other than what is right in front of her,” said Robert Pavlik, chief market strategist at Banyan Partners.
Uptrend shape for gold price pattern has formed..gold will hike again to 1800 after one week retracing down…just my analysis :)
By Myra P. Saefong and Virginia Harrison, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures climbed Wednesday as uncertainty surrounding Greece’s debt crisis helped position the market for its first gain in four sessions.
In addition, traders awaited the outcome of the Federal Reserve’s policy meeting and a press conference led by Ben Bernanke, chairman of the U.S. central bank.
Metals futures staged a broad-based rally in early dealings. A softer dollar helped encourage buying in metals.
“The shock and uncertainty regarding [Greek] Prime Minister George Papandreou’s call for a referendum on a European Union bailout deal continues to reverberate in international markets leading to a renewed safe-haven bid” for gold, analysts at GoldCore said in a note Wednesday.
Wow USD/JPY sharply moving in 1 hour only ..that’s broke all the rules
By Sarah Turner (marketwatch.com)
SYDNEY (MarketWatch) — The U.S. dollar USDJPY +4.38% surged against the yen on Monday, buying ¥78.00 compared to ¥75.77 in late trading Friday. The euro also jumped against the yen, buying ¥110.30, compared to ¥107.24 on Friday. The dollar hit a fresh record low against the yen earlier Monday, and Japanese Finance Minister Jun Azumi said that the country would take decisive steps to stem the currency’s rise if required, but didn’t provide specific details, according to reports. Japanese stocks turned positive following the yen’s fall, with the Nikkei Stock Average JP:NIK +1.05% trading up 0.9% after trading in negative territory earlier in the morning.
Point 2 is strong weekly resistance, looks like gold will going down to point 3 above 1595 , if this is happen so there will be uptrend shape as long as not broke trend line.
NEW YORK—Gold futures fell for a third day as a rebound in the U.S. dollar and weakness in U.S. equities markets kept pressure on the precious metal.
The contract for October delivery settled $5.70, or 0.4%, lower at $1,646 a troy ounce on the Comex division of the New York Mercantile Exchange.
Wal-Mart Monthly Chart Pattern : Point 4 exist when price broke point 2 then 0…watch strong resist at point 1 if this point was broken pattern will be changed,overall Wal-Mart Monthly Chart Pattern still up…longterm target to point 0
Source : finance.yahoo.com
After nine months of consecutive same-store sales declines, Wal-Mart Stores Inc (NYSE: WMT – News)’s US operating segment has posted three consecutive months of positive same-store sales for July, August and September.
The specific details will be revealed by the company in its earnings results on November 15.
Same-store sales account for about 98% of Wal-Mart’s sales in the US. The company tried boosting its sales by deepening discounts and choosing the right products. The decline in gasoline prices and improvement in US stores’ traffic also helped raise consumer spending toward the end of the month.
Later, Wal-Mart tried to reach its low-income customers by bringing back its layaway payment program, which was abandoned in 2006.
Wal-Mart stated that it will continue to leverage innovation, systems and processes to continue its focus on the US and improve its overall productivity.