Wednesday, November 17, 2010

DailyMarkets.com - Charts Show US Dollar About To Hit A Brick Wall

DailyMarkets.com - Charts Show US Dollar About To Hit A Brick Wall

Charts Show US Dollar About To Hit A Brick Wall

Posted: 17 Nov 2010 09:52 AM PST

For the duration of the dollar’s secular bear market the 200 week moving average has acted as pretty solid support and resistance.

The recent two week rally has now relieved the oversold conditions and in the process the dollar is about to hit the brick wall of a declining 200 week moving average. It’s already bumping up against the intermediate down trend line.

The dollar is now short term overbought, in a strong down trend, is pushing up against solid resistance, in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

St. Jude & ZONARE In Imaging Tie-up

Posted: 17 Nov 2010 09:35 AM PST

Medical devices major St. Jude Medical (NYSE:STJ) has struck a development and marketing pact with leading ultrasound system provider ZONARE Medical Systems. The financial terms of the deal have not been divulged by the entities.
The agreement will mark the integration of St. Jude's echocardiography catheters and ZONARE Medical's z.one Convertible Ultrasound system technology. Under the deal, the companies will jointly market a co-branded ultrasound system for high-resolution intracardiac … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nexen Provides 2011 Guidance

Posted: 17 Nov 2010 09:35 AM PST

After strong production growth in the third quarter of 2010, Canadian oil major Nexen Inc. (NYSE:NXY) provides 2011 guidance for production volumes and capital investment.  
The company expects 2011 production volumes to range between 230–270 MBOE/d (thousand barrels of oil equivalent per day), before royalties and capital expenditure budget ranges between $2.4–$2.7 billion.
Nexen also pointed out that its 2010 production volumes are expected to reach 240–250 MBOE/d level; well within … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Housing Starts Plunge In October

Posted: 17 Nov 2010 09:35 AM PST

Housing Starts plunged in October to a seasonally adjusted annual rate of 519,000 from 588,000 in September, a decline of 11.7%. Relative to a year ago, they are down 1.9%. Quite frankly, a year ago was also a pretty lousy time for the homebuilders as well.

Most of the month-to-month decline came from the extremely volatile multi-family (Condo and Co-op) sector, which plunged 47.5% to an annual rate of just 74,000 units. That, however, is up 51.0% from an annual rate of just 49,000 a year ago. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China’s Fight On Inflation Fuels Soybean Sell-off

Posted: 17 Nov 2010 09:18 AM PST

Today’s Idea
With long liquidation selling taking place, it may be difficult for some traders wishing to be long Soybeans to hold outright positions given the potential volatility seen in the commodity markets lately. A quick look at the daily charts for March Soybeans shows some technical support at the September 27th high of 1161.00. Some traders expecting this support point to hold but who wish to somewhat limit the downside risk if prices continue to fall may wish to explore selling a bull … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Wednesday Outlook: GBP/JPY, EUR/JPY, EUR/GBP

Posted: 17 Nov 2010 09:17 AM PST

GBP/JPY – Resistance 1:  133.00; Resistance 2: 133.60. Support 1: 132.00; Support 2: 131.00

GBP/JPY 11/17/2010

The market indeed pulled back to test the topping action that was established yesterday. With a break below the current rising trendline, the market is looking at a possible swing towards 131.40, and maybe test the 38.2% retracement at 131. This would require a break below 132.00 and violation of a rising channel, which in it of itself is a bearish signal. A … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinder Morgan Dynamic In Eagle Ford

Posted: 17 Nov 2010 09:05 AM PST

Through a joint venture (JV) with Copano Energy LLC (NASDAQ:CPNO), Kinder Morgan Energy Partners LP (NYSE:KMP) entered in to a long term Eagle Ford Shale gas services agreement with Chesapeake Energy Corporation (NYSE:CHK).
This is a 14-year term agreement. As per this agreement, Eagle Ford Gathering (the JV between KMP & CPNO) will accumulate Chesapeake’s gas from major delivery points and provide transportation, processing and fractionation services. Chesapeakehas also committed a significant … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 17 Nov 2010 09:00 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

EUR/USD was trading at 1.3555, up 0.47% at time of writing.

The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3776, Friday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. remained unchanged unexpectedly at a seasonally adjusted 0.00% last month from 0.00% in the preceding month.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude In The Red On Dollar Strength

Posted: 17 Nov 2010 08:48 AM PST

11/17/10 Front month crude prices continued to decline this session following another rise in the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Target Cashes In, 3Q Net Income Surges

Posted: 17 Nov 2010 03:43 AM PST

11/17/10 Target announced Wednesday that its 3Q net income rose 22.6% helped by improvements in its food and credit card … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford In Talks To Sell Mazda Stake

Posted: 17 Nov 2010 08:35 AM PST

Ford Motor Co. (NYSE:F) has concluded talks with 10 potential buyers in Japan in order to sell most of its 11% stake in Japan's Mazda Motor Corp. by the end of this year. The buyers included Tokyo-based trading conglomerate Itochu Corp., the company's main lender Sumitomo Mitsui Banking Corp., and other business partners such as trading house Sumitomo Corp.
The Nikkei business daily has reported that Itochu and Sumitomo Corp. will each buy a 3% stake for about ¥10 billion ($119.7 million). … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Transocean To Pay $195M For New Rig

Posted: 17 Nov 2010 08:35 AM PST

World's largest offshore driller Transocean Inc. (NYSE:RIG) has agreed to buy a shallow water jackup rig being built by Singaporean outfit Sembcorp Marine's subsidiary, PPL Shipyard for $195 million. The high-specification jackup, which is scheduled for delivery in the fourth quarter of 2011, will be capable of operating in water depths up to 400 feet and constructing wells in depths of 30,000 feet.
Based on PPL Shipyard’s latest proprietary design, the shallow water Pacific Class 400 design … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Tests Trendline And Finds The Borderline Buyers

Posted: 17 Nov 2010 08:29 AM PST

Target Beats Estimate

Posted: 17 Nov 2010 08:27 AM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted third-quarter 2010 results. The quarterly earnings of 74 cents a share beat the Zacks Consensus Estimate of 68 cents, and rose 28.5% from 58 cents delivered in the prior-year quarter.
The Zacks Consensus Estimate for the quarter was stable prior to the earnings announcement with 2 out of 23 analysts covering the stock raising their estimates and 2 analysts lowering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pressure BioSciences (PBIO) Reports Strong Third Quarter Financial Results

Posted: 17 Nov 2010 08:27 AM PST

Grant Zeng, CFA

On November 16, 2010, Pressure BioSciences, Inc. (NASDAQ:PBIO) reported financial results for the third quarter ended September 30, 2010.

Total revenue for 3Q10 was $372,103 compared to $317,427 for the comparable period in 2009, a 17% increase. Sales from PCT products and services were $194,730 for the three months ended September 30, 2010, down 4.8% yoy compared to $204,584 for the same period in 2009. During the third quarter of 2010, the Company completed the installation of 15 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ventas Upgraded To Outperform

Posted: 17 Nov 2010 08:27 AM PST

We have recently changed our long-term recommendation for Ventas Inc. (NYSE:VTR), a leading health care real estate investment trust (REIT), from Neutral to Outperform as we anticipate it to perform well above the broader market. The stock presently has a Zacks #2 Rank, which translates into a short-term 'Buy' rating.
In the last 30 days, fiscal 2010 earnings estimates of Ventas have been increased by 7 of the 10 analysts covering the stock, while none lowered the same. For fiscal 2011, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725

Posted: 17 Nov 2010 08:26 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails

Posted: 17 Nov 2010 08:26 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Rotates Higher As London/Europe Exit And Irish News Loses Impact

Posted: 17 Nov 2010 08:14 AM PST

Hot Stocks To Know For Wednesday: Travelers Companies, Apple, Regions Financial, Research In Motion, JPMorgan, Bank Of America, Nucor, Freeport-McMoRan Copper & Gold, GlaxoSmithKline

Posted: 17 Nov 2010 08:08 AM PST

The prospect of  higher rates in Asia, Sovereign Issues in Europe, and backlash against the FED all contributed to yesterday’s selloff in US stocks. S&P futures opened down a half a percent, but came under pressure shortly after the open. There were a couple of headlines late in the day that caused a little bit of volatility.  The first came from a senior ranking congressman (Durbin) who said it was unlikely that the Bush Tax Cuts would be extended.  The Second Came with about … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Rivals After U.S. Data Disappoints

Posted: 17 Nov 2010 08:00 AM PST

Forex Pros – The U.S. dollar was down against all its major rivals on Wednesday, following the release of worse than-expected U.S. data on consumer price inflation and building permits.

During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.38% to hit 1.3543.

Earlier in the day, official U.S. data showed that core consumer price inflation, which excludes food and energy costs was unexpectedly flat in October while CPI rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lunar Cycle Update – Again

Posted: 17 Nov 2010 07:54 AM PST

It is time, time again for a Lunar Phase update. The last one was on October 8, immediately before a whole list of key events like the mid-term election, major trendline and moving average cross overs … I don’t want to list them all but you can see them in here.
In the two phases (one waxing and waning) since then, the market went up both phases giving the Moon a 500 batting average since the waxing phase should have seen a decline but didn’t. Here’s the scorecard:

Although the market has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Billion Prices Project @ MIT

Posted: 17 Nov 2010 07:50 AM PST

“The Billion Prices Project @ MIT is an academic initiative that collects prices from hundreds of online retailers around the world on a daily basis to conduct economic research. We currently monitor daily price fluctuations of ~5 million items sold by ~300 online retailers in more than 70 countries. 

BPP Database Key Facts 

Statistics updated every day
5 million individual items
70 countries
Started in October of 2007
Supermarkets, electronics, apparel, furniture, real estate, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits Fresh Daily High After Weak U.S. Data

Posted: 17 Nov 2010 07:35 AM PST

Forex Pros – The pound was up against the U.S. dollar on Wednesday, rising to a fresh daily high after the release of worse-than-expected U.S. data on consumer prices and building permits.

GBP/USD hit 1.5938 during European afternoon trade, daily high; the pair subsequently consolidated at 1.5934, gaining 0.30%.

Cable was likely to find support at 1.5761, the low of October 28 and resistance at 1.6086, Tuesday's high.

Earlier in the day, official U.S. data showed that core consumer price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: TGT, BJ, CHS

Posted: 17 Nov 2010 07:27 AM PST

11/17/10 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

Forex – EUR/USD Hits Fresh Daily High After Disappointing U.S. Data

Posted: 17 Nov 2010 07:18 AM PST

Forex Pros – The euro extended earlier gains against the U.S. dollar on Wednesday, rising to a fresh daily high after the release of worse-than-expected U.S. data on consumer prices and building permits.

EUR/USD hit 1.3544 during European afternoon trade, a fresh daily high; the pair subsequently consolidated at 1.3538, gaining 0.34%.

The pair was likely to find support at 1.3380, the low of September 28 and resistance at 1.3654, Tuesday's high.

Earlier in the day, official U.S. data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 11.16.10

Posted: 16 Nov 2010 07:16 AM PST

The morning news notes as prepared by TL…retail sales for October, banks and foreclosure, California pushing muni bonds, is a weaker Dollar good for business?, Fed’s dual mandate under attack, and Treasury30 year yields highest since May.

“Morning News Notes: November 16, 2010″

click … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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