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The IBM shares have nearly reached the resistance level 181.2 where additional line of the downward trend is drawn. Despite the ascending movement of the computer sector, the main IBM tendency remains descending. The relative strength chart is located in the X-column indicating the purchasers’ force.
It is recommended to buy IBM shares when the main descending trend line 183.6 has been overcome.

 

Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012

 

 

 

 

 


 

 

After overcoming the 180, 8 resistance level the IBM shares continued their descending movement to 178, 4.

 

At the moment there is a return of shares to the resistance level of 180, 8 from where it is possible to resume descending movement.

The strong support level 177, 0 is a target for traders.

As long as computer sector turned to «X» column it is better not to sell shares.

Deals are considered only when the main descending trend line has been overcome.

 

 

 

Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012

Thursday, 22 December 2011 02:03

US existing-home sales increased 4% 2011-12-21

Written by publisher

US existing-home sales edged up 4% last month to annual rate of 4.42 million on a seasonally adjusted basis, reported the National Association of Realtors. Experts predicted the figure to rise by 15.555555% to 5.03 million units. The median price for houses decreased by 3.5% in November achieving $164,200 as compared to 2010. Housing inventory also declined by 5.8% to 2.58 million.

 

by Dukascopy.

Soybeans fluctuate, remaining close to one-month high as investors are eying weather forecasts in Brazil and Argentina, the world's second and third largest soy producers. Soybean futures for delivery in January traded at USD11.4538 a bushel on the Chicago Mercantile Exchange, at the early European trade, edging up 0.1% since opening.

 

by Dukascopy.

Thursday, 22 December 2011 01:59

EU courts approves the carbon tax 2011-12-21

Written by publisher

EU plans to impose tax on carbon emissions produced by airlines, reported the ECJ. The regulation envisages all airlines operating in the EU will have to pay levy on carbon emission starting from January 1, 2012. Foreign carriers oppose the decision citing the violation of aviation pacts and too high tax payments; for example, China's airlines will have to pay 95m euros under the scheme.

 

by Dukascopy.

Tuesday, 20 December 2011 01:15

Daily Forex Market Report 20-12-2011

Written by Forex Quebec

Daily Forex and Market Report
Posted by David Frank, Fx-Insights on 20/12/2011, at 00:36 AM
FOREX
The Euro (1.30), Cable (1.5511), Swissy (0.9375) and EURJPY (101.41) are all largely steady and since Thursday-Friday last week.
USDJPY (78.02) has important resistance near current levels. Should this resistance hold, we might test 75. Should it break, we could test 80.
MARKETS
The US markets fell sharply yesterday. The Dow (11766.26) was down 0.84% and the Nasdaq (2523.14) was down 1.26%. The Dow might test 11500-300 and the NASDAQ might test 2450-00.
After yesterday's sharp fall following the news of the death of the North Korean leader Kim Jong il, Asian markets are trading up.
Nikkei (8350.12, up 0.12%), Shanghai (2228.74, up 0.47%), Hong Kong (18170.83, up 0.56%), Taiwan (6672.12, up 0.58%) and Australia (4118.50, up 0.11%).
COMMODITIES
Crude (94.29) is finding support near 92.50. However, with resistance at 96.00-50, we might see a test of 90.
Gold (1599.20) is not gaining strength to move above 1600 and still might test 1525-00 on the downside.

Thursday, 15 December 2011 08:56

Forecast for ECB and Fed’s rates - Danske Bank

Written by Forex Quebec

published by FBS Holdings © 2011

Analysts at Danske Bank think that at its next meeting in January the European Central Bank will reduce its benchmark rate by 25 basis points to 0.75%.

The specialists note that the euro area risks falling into recession during the next few months, the European policymakers still haven’t solved the crisis and the periphery bond yields remain high while the ECB is reluctant to extend its purchases of the European debt.

Danske claims that the outlook for US economy seems to be much better and expect American GDP to show decent growth in the coming quarters. As a result, the Federal Reserve is seen keeping the rates unchanged with the prospect of increase as the economic conditions improve.   

So, make your conclusions.

daily eurusd 17-16

 

 

 

 

New Zealand’s dollar fell to the 6-month minimum versus the greenback at $0.7626 after Standard & Poor’s and Fitch Ratings downgraded the nation’s debt from AA+ to AA with stable outlook. The agencies explained their decision by New Zealand’s high external debt and its persistent current account deficit. Strategists at Citigroup underline that Fitch’s and S&P’s move seems surprising as everyone has been aware about these problems for a long time.

 

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