DailyMarkets.com - Are Commodity Currencies And Gold Still A Strong Play?
DailyMarkets.com - Are Commodity Currencies And Gold Still A Strong Play? |
- Are Commodity Currencies And Gold Still A Strong Play?
- Thursday Forex Levels To Watch: EUR/USD, GBP/USD, USD/JPY
- Bullish-Looking Stocks For Thursday: Transocean, DryShips, Qualcomm, CME Group, Northern Oil & Gas, Sina, F5 Networks, New Energy Systems, Cree, Rovi
- Denbury Sheds Encore Stake
- Initial Jobless Claims Edge Up
- Simcere Beats On Top & Bottom Line
- Roche Cuts Jobs, Reaffirms Outlook
- Hot Stocks To Know For Thursday: NetApp, Cisco, Citigroup, JP Morgan, Target, McDonald’s, Qualcomm, Applied Materials
- Australian Dollar: Key ST Resistance At 10725
- Canadian Dollar: The Downside Prevails
- NetApp Beats Again
- BJ’s Wholesale Beats, Lifts Outlook
- Another Round Of Stress Tests Ahead
- Aetna’s New Contract
- Noble Stacks 10 More Rigs
- Crude Rallies Above $82
- Forex – Dollar Remains Broadly Lower After Philly Fed, Jobless Claims
- Forex – GBP/USD Trims Gains After Philly Fed Index Jumps
- Opening Bell Market Monitor: GM, ALU, HUM, LTD
- TheTechnicalTake: Copper
| Are Commodity Currencies And Gold Still A Strong Play? Posted: 18 Nov 2010 09:44 AM PST USD/CAD USD/CAD 11/18/2010 The USD/CAD formed a triple top with the base at 1.0200. The 1.0200 level is thus the near-term resistance. So far the market has not been able to push back into the triple top zone. The RSI is also breaking below 40, so the bullish scenario is not healthy anymore, and the bearish scenario is brewing in this short-term look. The bullish scenario is still preferred unless … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Thursday Forex Levels To Watch: EUR/USD, GBP/USD, USD/JPY Posted: 18 Nov 2010 09:39 AM PST EUR/USD EUR/USD 11/18/2010 1H The EUR/USD broke above the declining channel, anchored to a new one. The RSI broke above 60 and is flirting with going above 70. There is definitely a correction in development from the recent declines. However, the market is testing the 1.3670 resistance pivot. Note this is also where the SMA 200 resides. A break above … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Nov 2010 09:25 AM PST It looks like we have a strong open this morning in an oversold market. If we can maintain the strength throughout the day, it should be a good time to open new long positions. Here are some on the watchlist: - Rovi (ROVI) - Cree (NASDAQ:CREE) - Qualcomm (NASDAQ:QCOM) - CME Group (NASDAQ:CME) - Sina (NASDAQ:SINA) - VeriFone Systems (NYSE:PAY) - Transocean (NYSE:RIG) - Loral Space & Communications (NASDAQ:LORL) - Cleveland BioLabs (NASDAQ:CBLI) - Nova Measuring Instruments (NASDAQ:NVMI) - … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Nov 2010 09:05 AM PST Denbury Resources Inc. (NYSE:DNR) will divest its stake in Encore Energy Partners LP (NYSE:ENP) to Vanguard Natural Resources LLC for $380 million. The consideration includes $300 million in cash and $80 million in Vanguard common units. The deal is expected to complete around December 31.
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| Initial Jobless Claims Edge Up Posted: 18 Nov 2010 09:05 AM PST Initial Claims for Unemployment Insurance rose by 2,000 last week to 439,000 (last week was also revised up by 2,000, so one could see it as a 4,000 increase). This was slightly better than the expected level of 442,000. While not as good as a further drop, it still keeps alive hopes that we might be able to get out of the "trading range" that initial claims have been in for the last year. Initial claims have been generally trending down since they hit a secondary peak of 504,000 (after … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Simcere Beats On Top & Bottom Line Posted: 18 Nov 2010 08:45 AM PST Simcere Pharmaceutical Group (NYSE:SCR) posted third-quarter 2010 earnings of 15 cents per American Depository Share (ADS), beating the Zacks Consensus Estimate by 8 cents and the prior-year earnings by 11 cents per ADS. Impressive gross margin led to the substantial beat in earnings.
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| Roche Cuts Jobs, Reaffirms Outlook Posted: 18 Nov 2010 08:45 AM PST Roche Holdings Ltd. (RHHBY) recently announced plans under its Operational Excellence Program. The program is aimed at increasing the company's productivity and efficiency along with trimming costs in order to adapt to an increasingly challenging environment.
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| Posted: 18 Nov 2010 08:28 AM PST Most U.S. stocks rose Weds, snapping a four-day losing streak in the S& P 500 Index, as earnings at Target Corp. (NYSE:TGT) and speculation that Ireland will receive aid offset concern that technology spending is slowing. Target climbed 3.4% as profit jumped 23% on credit-card unit growth and McDonald's (NYSE:MCD) gained 1.2%, helping give consumer shares the biggest gain among 10 industries in the S&P 500. But NetApp (NASDAQ:NTAP) tumbled 6.5% after the maker of storage equipment joined Cisco … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar: Key ST Resistance At 10725 Posted: 18 Nov 2010 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 18 Nov 2010 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Nov 2010 08:16 AM PST Network Appliances Inc. (NASDAQ:NTAP) reported second quarter fiscal 2011 adjusted earnings per share (EPS) of 45 cents, exceeding the Zacks Consensus Estimate of 39 cents. Adjusted EPS excludes amortization of intangible assets, acquisition related expenses, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses.
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| BJ’s Wholesale Beats, Lifts Outlook Posted: 18 Nov 2010 08:16 AM PST BJ's Wholesale Club, Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted better-than-expected third-quarter 2010 results on the heels of higher merchandise margins and effective cost management, and lifted its outlook.
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| Another Round Of Stress Tests Ahead Posted: 18 Nov 2010 08:15 AM PST America's largest banks will have to go through another round of stress tests to prove that they will be able to confront another recession with their financial strength, the Federal Reserve said Wednesday.
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| Posted: 18 Nov 2010 08:15 AM PST US health insurer Aetna Inc. (NYSE:AET) announced that it has entered into a partnership with Long Island Health Network ("LIHN"). As per the terms of the agreement, LIHN will service all of Aetna's members at all 10 of its hospitals.
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| Posted: 18 Nov 2010 08:15 AM PST Noble Corporation (NYSE:NE), one of the largest offshore drilling contractors, sent 10 rigs to shipyard as they could not secure contracts. This brings the number of out-of-work or stacked rigs to 12 out of its total 65 rigs. The news came a day after its larger rival Transocean Ltd (NYSE:RIG) stacked four of its older rigs.
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| Posted: 18 Nov 2010 07:57 AM PST 11/18/10 Front month crude prices rallied again this session following a steep jump in higher-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Remains Broadly Lower After Philly Fed, Jobless Claims Posted: 18 Nov 2010 07:50 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, after official data showed that manufacturing activity in the U.S. state of Philadelphia jumped to a 9-month high and initial jobless claims rose less-than-expected. During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.52% to hit 1.3601. Earlier Thursday, Irish Central bank Governor Patrick Honohan said that he expected the country to receive tens of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Trims Gains After Philly Fed Index Jumps Posted: 18 Nov 2010 07:35 AM PST Forex Pros – The pound trimmed gains against the U.S. dollar on Thursday, retreating from a 2-day high after official data showed that manufacturing activity in the U.S. state of Philadelphia jumped to a 9-month high. GBP/USD retreated from 1.6030, the pair's highest since Tuesday, to hit 1.5990 during European afternoon trade, gaining 0.52%. Cable was likely to find support at 1.5838, Wednesday's low and a 13-day low and resistance at 1.6086, Wednesday's high. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: GM, ALU, HUM, LTD Posted: 18 Nov 2010 02:24 AM PST 11/18/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 17 Nov 2010 11:34 AM PST Copper, the metal with the Ph.D. in economics, remains in a range and has failed to break down giving hope to equity bulls everywhere. Figure 1 is a weekly chart of a continuous copper chart. The pink and black dots represent key pivot points, which are areas of support and resistance (or buying and selling, respectively). As you can can see copper fizzled out 2 weeks ago at the 2008 highs of 4.0628; this past week it bounced off of support at 3.6191. (Sorry for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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