DailyMarkets.com - GBP/USD – Bullish Trend Continuation

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• GBP/USD – Bullish Trend Continuation
• Employment Report In Depth (pt. 1)
• OMAB: Marginal Growth In 3Q Traffic
• BJ’s Posts Soft Sales
• US Stock Earnings To Watch Next Week
• Limited Brands Carries Momentum
• Hormel Acquires Don Miguel
• Ball Corp. Ups Alumi-Tek Production
• AIB Selling M&T Bank Stake
• Update On YRC Worldwide (revised)
• AIG Helps Shrink TARP Costs To $30B
• Medtronic Launches Spinal Device (revised)
• BioMarin Cut To Underperform
• YRC Trying Bankruptcy Protection
• U.S. Government May Face A Bailout For States Within The Next 12 Months
• Constellation Profit Falls
• Navistar Gets U.S. Navy Contract
• Odds For Dems To Keep Senate Slip Below 50%
• Delay In Onyx’ Cancer Drug Filing
• Aon Buys Hewitt
• Oracle Acquires Passlogix
• Foreclosure: Pausing And Rewinding
• Stock Analysis Of UTI From The Value Investing Congress (2008)
• TLK To Strengthen CDMA Footprint
• Strong Potential For Edwards
• Swiss Franc: Under Pressure
• Covidien Enhances Return
• Amedisys’ Trouble Continues
• Australian Dollar: Under Pressure
• Canadian Dollar: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• Forex Trading: USDJPY Below Channel Support At 81.95
• “A Dangerous Game”
• Forex Trading: GBPUSD Tests Topside Resistance At The 1.5956 Level

GBP/USD – Bullish Trend Continuation Posted: 08 Oct 2010 11:45 AM PDT Price action on GBP/USD (a 4-hour chart of which is shown) as of Friday (10/08/2010) has continued to adhere to a parallel uptrend channel extending back to the September lows around 1.5300. Price has just bounced up off the bottom of the channel on Friday, after having reached and slightly surpassed its original 1.6000 resistance target and then retreating on Thursday. In the event of an expected continuation of the current uptrend, a strong re-break above 1.6000 should confirm an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Employment Report In Depth (pt. 1) Posted: 08 Oct 2010 11:35 AM PDT The operative word for most of today's Employment report is "Unchanged." Given the sorry state of the labor market, that is not exactly good news, but it’s also not the end of the world. The unemployment rate remained at 9.6%, the same level as in August, up from 9.5% in July and June, but down from the 9.8% level a year ago. The civilian participation rate — or the percentage of people in the labor force, both employed and unemployed — remained at the 64.7% level it was at in August, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OMAB: Marginal Growth In 3Q Traffic Posted: 08 Oct 2010 11:35 AM PDT Mexican airport operator, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has released its passenger traffic data for September 2010 in comparison with September 2009.   During September, total passenger traffic grew marginally by 2.7% year over year with increases of 1.5% in domestic traffic and 10.8% in international traffic. During August, the company reported a total traffic growth of 5.2% year over year with domestic and international traffic increasing 4.2% and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BJ’s Posts Soft Sales Posted: 08 Oct 2010 11:35 AM PDT BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted soft sales for the five-week period ended October 2, 2010.   After registering a growth of 2.4% in August 2010, BJ's experienced soft comparable club sales growth of 1.5% in September. For the thirty-five week period comps climbed 4.9%. Rising gasoline prices positively impacted the comparable club sales by 0.7% during the reported month, and by 2% for the thirty-five week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Stock Earnings To Watch Next Week Posted: 08 Oct 2010 11:14 AM PDT Check out which companies are holding earnings calls next week ( 11-15 October ). Earnings calendar by company name and ticker. Earnings Announcements for Monday APCO-Argentina – APAGF ARTS WAY MFG INC – ARTW B&H Ocean Carriers Limited – BHO CCA Industries – CAW CENTRAL FED CORP – CFBK Chesapeake Lodging Trust – CHSP Consolidated Graphics – CGX Emmis Communications – EMMS Enterprise Bank and Trust Company – EBTC Enzo Biochem – ENZ FEDFIRST FINL CORP NEW – … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Limited Brands Carries Momentum Posted: 08 Oct 2010 11:05 AM PDT Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted better-than-expected sales results for the five-week period ended October 2, 2010.   The owner of the Victoria’s Secret and Bath & Body Works chains sustained its growth momentum. Limited Brands' comparable-store sales for September 2010 rose 12%, following an increase of 10% registered in August 2010 and reflecting a sharp improvement from a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hormel Acquires Don Miguel Posted: 08 Oct 2010 11:05 AM PDT A joint venture between Hormel Foods Corporation (NYSE:HRL) and Mexico-based Herdez Del Fuerte, S.A. de C.V. named MegaMex Foods LLC completed the acquisition of Don Miguel Foods Corp. entirely from TSG4 L.P., a private equity fund sponsored by TSG Consumer Partners LLC, and private investors.   The intention was declared in September 2010, but the financial terms were not declared. The acquisition is expected to help Hormel penetrate convenience stores, club stores and supermarkets as Don … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ball Corp. Ups Alumi-Tek Production Posted: 08 Oct 2010 10:35 AM PDT Following the success of its light weight Alumi-Tek bottle, Ball Corporation (NYSE:BLL) is expanding its production in order to meet the burgeoning demand in North America. The Alumi-Tek bottle offered an innovative concept of reclosability, making it popular among customers. The novelty is an addition to the already known aluminum can advantages such as superior shelf life, tamper-resistance, fast chilling and recyclability.   Ball Corporation’s Monticello, Indiana plant has been producing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIB Selling M&T Bank Stake Posted: 08 Oct 2010 10:35 AM PDT In an effort to generate sufficient capital, Allied Irish Banks plc (NYSE:AIB) announced yesterday that it would sell its 22.4% shareholding in M&T Bank Corporation (NYSE:MTB). The sale involves a public offering of 26.7 million notes that are exchangeable for the shares of common stock of M&T currently owned by it. The deal is subject to the approval of the shareholders of Allied Irish. The M&T stake was acquired by Allied Irish in 2003 when it sold Allfirst Bank to M&T. Morgan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Update On YRC Worldwide (revised) Posted: 08 Oct 2010 10:35 AM PDT Trucking company YRC Worldwide Inc. (YRCWD) recently reached a tentative agreement with the International Brotherhood of Teamsters. This agreement would help the struggling company save $350 million a year through March 2015 and improve its competitive position. The company is expecting the processes to be completed by late October 2010.   The tentative agreement would extend by two years, 2013 to 2015, and provide a 15% wage reduction, benefit and work rule changes. Under this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Helps Shrink TARP Costs To $30B Posted: 08 Oct 2010 10:35 AM PDT After two years of financial struggle, the US Treasury witnessed some relief on Tuesday, when the losses under the Troubled Asset Relief Program (TARP) were recorded at a historical low of about $30 billion. This was made by the refreshed calculations done after American International Group Inc. (NYSE:AIG) accepted the TARP exit plan last week. According to the latest estimates by the authorities, the $700 billion injected by the government through TARP in 2008, in order to bailout the financially … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic Launches Spinal Device (revised) Posted: 08 Oct 2010 10:05 AM PDT Leading medical devices company Medtronic (NYSE:MDT) has launched Kyphon Express Curette for scraping bone in the spine. The device will also find application in treating vertebral compression fractures (VCFs) using Kyphon Balloon Kyphoplasty. The potential in this segment is huge as VCFs are the most common form of osteoporotic fractures. It is estimated that about 900,000 spinal fractures take place in the US each year. Medtronic derives about 22% of its revenues from the Spinal segment, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BioMarin Cut To Underperform Posted: 08 Oct 2010 10:05 AM PDT We are downgrading BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to Underperform from Neutral because of the continuous disappointing performance of the company's first marketed product, Aldurazyme, and the later-than-expected European launch of Firdapse for the treatment of a rare autoimmune disorder. The later-than-expected European launch of the drug was primarily responsible for the company trimming its 2010 revenue outlook.   BioMarin develops and commercializes biopharmaceuticals for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

YRC Trying Bankruptcy Protection Posted: 08 Oct 2010 10:05 AM PDT Trucking company YRC Worldwide Inc. (NASDAQ:YRCW) has reached a tentative agreement with the International Brotherhood of Teamsters. This agreement would help the struggling company save $350 million a year through March 2015 and improve its competitive position. The company is expecting the processes to be completed by late October 2010.   The tentative agreement would extend by two years, 2013 to 2015, and provide a 15% wage reduction, benefit and work rule changes. Under this agreement, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Government May Face A Bailout For States Within The Next 12 Months Posted: 08 Oct 2010 09:50 AM PDT In an interview with Meredith Whitney of Meredith Whitney Advisory Group on Bloomberg last week, she stated, some states are a ticking time bomb. She published a detailed report rating the finances of the 15 largest U.S. states. California has one of the largest deficits that exists relative to their budget gap by size, but it has a real estate problem as well with a large amount of foreclosures. Florida has a bigger issue relative to foreclosures and real estate. The drain on tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Constellation Profit Falls Posted: 08 Oct 2010 09:35 AM PDT Leading wine distributor Constellation Brands Inc.'s (NYSE:STZ) net income decreased to $109.1 million in the second quarter of fiscal 2011 from $120.0 million in the prior-year quarter. The quarterly earnings of 52 cents a share, surpassed the Zacks Consensus Estimate of 49 cents, but failed to beat the year-ago quarter's earnings of 54 cents.   Including special items, earnings for the quarter came in at 43 cents a share compared with 45 cents earned in the prior-year quarter. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Navistar Gets U.S. Navy Contract Posted: 08 Oct 2010 09:35 AM PDT Navistar Defense, LLC, an arm of the Navistar International Corporation's (NYSE:NAV) Truck segment, has been awarded a contract worth $18.9 million by the Naval Facilities Engineering Command (NAVFAC). NAVFAC is the U.S. Navy’s engineering command committed to the Navy and United States Marine Corps.   Under the contract, Navistar Defense will supply 5000-MV heavy truck tractors (HTTs) to NAVFAC, which will support the transportation needs for Navy Seabee. Production of the HTT vehicles … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Odds For Dems To Keep Senate Slip Below 50% Posted: 08 Oct 2010 09:25 AM PDT Intrade … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Delay In Onyx’ Cancer Drug Filing Posted: 08 Oct 2010 09:05 AM PDT Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) recently announced disappointing news with the company deciding to delay the filing of its New Drug Application (NDA) for carfilzomib with the US Food and Drug Administration (FDA).   The filing, which has been pushed out to mid-2011, came on the back of Onyx Pharma's meeting with the Chemistry, Manufacturing and Controls (CMC) review division of the FDA. In the meeting, the regulatory body has asked for additional CMC information on the manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aon Buys Hewitt Posted: 08 Oct 2010 09:05 AM PDT Last week, the world’s largest insurance brokerage, AON Corp. (AON) announced the closure of the merger of Hewitt, the leading provider of human resources outsourcing and consulting, with one of Aon's subsidiaries, Alps Merger Corp. Hewitt will be integrated into Aon's consulting services segment. Aon Consulting will operate the segment globally under the newly created Aon-Hewitt brand. The deal, which closed on schedule, is valued at $4.9 billion and has been financed by debt and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oracle Acquires Passlogix Posted: 08 Oct 2010 09:05 AM PDT The largest database and enterprise software company, Oracle Corp. (NASDAQ:ORCL) announced the acquisition of Passlogix Inc., a leading provider of enterprise single sign-on (ESSO) software based in New York. Financial details of the transaction were not divulged but the deal is expected to close this year. Passlogix products allow organizations to develop, improve and simplify security by enabling single sign-on (SSO) for a wide range of applications including client-server, mainframe and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foreclosure: Pausing And Rewinding Posted: 08 Oct 2010 09:05 AM PDT Are we facing the specter of another foreclosure crisis? That is what the decision taken by three major lenders to stall foreclosures would seem to suggest. Hot on the heels of General Motors Acceptance Corporation ("GMAC") Mortgage LCC, JPMorgan Chase & Co. (NYSE:JPM) and Bank of America Corp. (NYSE:BAC) have recently decided to rein in their foreclosure activities. Rampant paperwork lapses in evaluating the authenticity of information provided in the mortgage documents have embroiled these … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Analysis Of UTI From The Value Investing Congress (2008) Posted: 08 Oct 2010 08:59 AM PDT In the spirit of the upcoming Value Investing Congress which I plan on attending and reporting from, I found some interesting videos from the previous Congress in 2008 which I wanted to share. I discovered a total of 11 videos on the internet. Most of them are quite interesting, and informative. I wrote about a brief summary of each video which I will be posting over the next few days, and embedded the video below. It is important for context to understand that the conference took place … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TLK To Strengthen CDMA Footprint Posted: 08 Oct 2010 08:35 AM PDT The Indonesian CDMA market is witnessing massive consolidation. Recently, P.T. Telekomunikasi Indonesia Tbk. (NYSE:TLK), the largest integrated telecom service provider of Indonesia, decided to acquire smaller telecom service providers in Indonesia like P.T. Bakrie Telecom to expand its CDMA network. The deal size is likely to reach $1 billion and is expected to close by end 2010 subject to regulatory approval.   Telekomunikasi will merge its existing CDMA wing TelekomFlexi with Bakrie … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Potential For Edwards Posted: 08 Oct 2010 08:35 AM PDT Following the release of encouraging data from PARTNER trial, the stock price of Edwards Lifesciences (NYSE:EW) has increased considerably in the past two weeks. The PARTNER trial is targeted at those patients for whom conventional open-heart valve surgery is considered risky. Edwards is a leading player in heart valves and hemodynamic monitoring. Edwards' transcatheter heart valve (THV) portfolio has been developed to treat heart valve diseases using catheter-based approaches compared with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure Posted: 08 Oct 2010 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Covidien Enhances Return Posted: 08 Oct 2010 08:15 AM PDT Covidien plc (NYSE:COV), a leading healthcare products maker, recently enhanced shareholder returns by raising its quarterly dividend by 11% to 20 cents a share from 18 cents. The revised quarterly dividend is payable on Nov 8, 2010, to shareholders of record as on Oct 4, 2010.   This represents the Ireland-based company's second dividend hike over the past 12 months. Covidien's previous dividend increase was in September 2009, when it raised the quarterly payout by 12.5% to 18 cents a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amedisys’ Trouble Continues Posted: 08 Oct 2010 08:15 AM PDT Amedisys (NASDAQ:AMED) is in deeper trouble with the Department of Justice commencing investigations against the company. Several important documents and information related to the company's business related to reimbursement and billing claims to Medicare are being investigated. The company, one of the leading US players in the home health and hospice segment, has stated that it will cooperate during the investigation. Home health services treat sick patients in their homes, which saves money by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure Posted: 08 Oct 2010 08:13 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Under Pressure Posted: 08 Oct 2010 08:13 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: The Downside Prevails Posted: 08 Oct 2010 08:13 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Under Pressure Posted: 08 Oct 2010 08:13 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure Posted: 08 Oct 2010 08:13 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Below Channel Support At 81.95 Posted: 08 Oct 2010 08:02 AM PDT The USDJPY has moved below the channel trendline support at 81.95 currently on its way to a new 15 year low level at 81.72. The trend down comes as government officials meet at the IMF summit. The hiatus has given the market the opportunity to probe the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“A Dangerous Game” Posted: 08 Oct 2010 07:57 AM PDT Alan Greenspan will not go down in history as the best Federal Reserve chairman. In fact, I think the history books will judge Greenspan very harshly for having overseen the biggest bubbling up within our financial system in eighty years. That said, Greenspan is not a total nitwhit. I believe Greenspan is now working diligently to recover his reputation. How is he doing that? More often than not, I witness Greenspan trying to put forth the truth rather than the party lines … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Tests Topside Resistance At The 1.5956 Level Posted: 08 Oct 2010 07:25 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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