Friday, November 19, 2010

DailyMarkets.com - Forex – EUR/JPY Down Toward The End Of European Session

DailyMarkets.com - Forex – EUR/JPY Down Toward The End Of European Session

Forex – EUR/JPY Down Toward The End Of European Session

Posted: 19 Nov 2010 08:30 AM PST

Forex Pros – The Euro was lower against the Japanese Yen on Friday.

EUR/JPY was trading at 113.89, down 0.04% at time of writing.

The pair was likely to find support at 112.27, Tuesday's low, and resistance at 114.31, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.02% to hit 1.3644 and EUR/GBP rising 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Continues To Non-trend.

Posted: 19 Nov 2010 08:06 AM PST

The USDJPY continues to non-trend in a narrow trading range.  The pair is above the 100 hour MA at 83.23 area but is below the channel trendline and remains below the ceilings at 83.58 and 83.78.  When a market non trends look for a transition into a trend.  So watch the clues. Watch the key technical levels.  Taking a look at the 5 minute chart below.  The price is stuck in between a narrow range.  On a break of the high or low extreme what you want to see is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up Toward The End Of European Session

Posted: 19 Nov 2010 08:00 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3662, up 0.16% at time of writing.

The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3751, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.69% to hit 0.8563 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Compare Credit Cards To Find The Best Credit Card For Your Needs – In Just Seconds!

Posted: 19 Nov 2010 07:35 AM PST

Our unique & smart credit card search tool is the fastest way for you to compare credit cards and find the best card that’s right for you among hundreds of credit cards – all in under 60 seconds! Simply enter a few details like how much you typically spend on different things or how much balance you would like to transfer to your new card, and presto, we will show you the best credit cards for your needs. These might be credit cards with the best rewards, lowest APR (interest rate), longest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ZOLL’s EPS Beats, Profit Doubles

Posted: 19 Nov 2010 07:20 AM PST

Resuscitation devices and software company ZOLL Medical (NASDAQ:ZOLL) reported fourth-quarter fiscal 2010 (ended October 3) earnings of 33 cents, beating the Zacks Consensus Estimate of 31 cents and exceeding the year-ago earnings of 16 cents. Net income doubled year over year to $7.2 million.
For fiscal 2010, earnings of 87 cents per share also beat the Zacks Consensus Estimate of 85 cents. The results were driven by sustained strong performance of the company's LifeVest wearable defibrillator … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Central Garden & Pet Reports Loss

Posted: 19 Nov 2010 07:20 AM PST

Central Garden & Pet Company's (NASDAQ:CENT) swung to a loss during the fourth quarter of 2010. The company delivered a quarterly loss of 2 cents a share that remained well below the Zacks Consensus Earnings Estimate of 14 cents and the prior-year quarter's profit of 12 cents. The Zacks Consensus Estimate was stable prior to the earnings announcement.
On a reported basis, including one-time items, Central Garden & Pet posted a loss of 14 cents a share.
With respect to earnings surprises, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Can’t Keep A Good Bull Market Down

Posted: 19 Nov 2010 07:16 AM PST

Today’s Idea
A quick look at the daily chart for December Gold shows strong near-term support near the 1316.00 area. With only a few days till option expiration, bullish traders may wish to explore selling puts with a strike price below this key support level. For example, with December Gold trading at 1353.00 as of this writing, one could sell the December 1315 puts for about 1.00 or $100 per contract, not including commissions. The premium paid would be the maximum potential gain on the trade … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Friday: Apple, Dell, Cisco, Alcoa, Halliburton, Caterpillar

Posted: 19 Nov 2010 07:01 AM PST

U.S. stocks rallied Thursday, sending major equity benchmarks to their biggest gains in two weeks, as speculation grew that Ireland will accept a bailout to rescue indebted banks plus positive reports on US manufacturing (the Philly Fed survey) and weekly jobless claims bolstered optimism about the economy Alcoa (NYSE:AA) and Halliburton (NYSE:HAL) both climbed at least 3.4% as metals prices jumped and crude oil rebounded from a four-day drop while Caterpillar (NYSE:CAT) advanced 2.4% as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China’s Single-Child Adults Too Selfish For Marriage?

Posted: 19 Nov 2010 06:44 AM PST

From economic theory we know that monopolists, when insulated from market competition, can get away with charging high prices and offering poor service.  A single child has a form of “monopoly power” on his or her parents’ time, affection, attention and financial resources, and without competition from rival siblings, can often exercise that monopoly power by behaving selfishly and narcissisticlly.  Of course the parents can play a role by pampering their only child, but the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The European Session

Posted: 19 Nov 2010 06:40 AM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 83.43, down 0.11% at time of writing.

The pair was likely to find support at 82.40, Monday's low, and resistance at 83.78, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.15% to hit 1.3661 and GBP/USD falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Solar Beats Estimates

Posted: 19 Nov 2010 06:35 AM PST

Canadian Solar Inc. (NASDAQ:CSIQ), boosted by higher demand for photovoltaic solar modules, reported an adjusted EPS of 47 cents in the third quarter of fiscal 2010, which beat the Zacks Consensus Estimate of 43 cents. The company's results, however, came short of the year-ago quarterly earnings of 69 cents.
Operational Performance
Canadian Solar had revenues of $377.2 million, beating the Zacks Consensus Estimate of $346 million. Revenues were also greater than $328.7 million in the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PetSmart In Line, Lifts Outlook

Posted: 19 Nov 2010 06:35 AM PST

PetSmart Inc. (NASDAQ:PETM), the specialty retailer of products, services, and solutions for pets, recently posted third-quarter 2010 earnings of 38 cents a share that came in line with the Zacks Consensus Estimate, and rose 22.6% from 31 cents earned in the year-ago quarter. Consequently, the company has lifted its outlook.
Management now expects fiscal 2010 earnings between $1.96 and $2.00 per share, up from $1.91 to $1.99, previously anticipated. The company also projects fourth-quarter 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Consumer Confidence – Under Renewed Pressure By U.S. Banks!

Posted: 19 Nov 2010 06:30 AM PST

In the past consumer confidence was boosted when banks eased their lending standards for consumer loans and especially credit cards. As yet the easier lending standards have failed to lift consumer confidence, though.

Sources: Conference Board; Federal Reserve Board – Senior Loan Officers Survey; Plexus Asset Management.
On the housing front US banks continue to slash their mortgage margins.

Sources: FRED; I-Net Bridge; Plexus Asset Management.
Mortgage rates continue to fall.

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

Richard Russell: Markets In Danger Of Shuddering, Tilting And Falling Over

Posted: 19 Nov 2010 06:27 AM PST

Richard Russell, famous market analyst and writer of the Dow Theory Letters, is regarded as the doyen of investment newsletter writers. And rightly so as the 86-year-old is one of the few men still around to tell us first hand about the Great Depression and how similar today's economy feels.
Russell, like any investor, has not always been right with his market forecasts. While he has been dead wrong on equity markets for most of the bull market since March last year, he has been one of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Face To Face With Marc Faber On Global Investments

Posted: 19 Nov 2010 06:24 AM PST

In this 15-minute interview with Dutch RTL Z , Marc Faber, author of the Gloom Boom & Doom Report, shares his latest views on the lie of the international investment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roubini: Shifting Politics, Tightening Policies In China

Posted: 19 Nov 2010 06:22 AM PST

The report below comes courtesy of Nouriel Roubini's team of analysts at RGE.
In March we observed that a long-term political cycle centered on China's power transfer in 2012 was trumping the short-term cycle that would normally see monetary policy control transferred to Party technocrats. Now the "short cycle" – aimed at curbing inflationary pressures and asset bubbles – is set to overtake the "long cycle" – aimed at allowing Party leaders to shore up their power. In "The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 19 Nov 2010 06:18 AM PST

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

Japanese Yen: Under Pressure

Posted: 19 Nov 2010 06:18 AM PST

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

British Pound: Capped By A Negative Trend Line

Posted: 19 Nov 2010 06:18 AM PST

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

Euro: Key ST Resistance At 75

Posted: 19 Nov 2010 06:18 AM PST

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

Meredith: Widespread Defaults Looming In U.S. Municipal Debt Market

Posted: 19 Nov 2010 06:14 AM PST

Meredith Whitney rose to prominence as a financial analyst by predicting the problems at Citigroup. Ms Whitney has since started her own firm, Meredith Whitney Advisory Group, and is now predicting dramatic declines in US home prices, large layoffs at U.S. banks and widespread defaults in the municipal bond market.
Click here or on the link below to view the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Inflate Or Die

Posted: 19 Nov 2010 06:12 AM PST

Forex Trading: EUR/USD Trades At The 200 Hour Moving Average

Posted: 19 Nov 2010 06:11 AM PST

The EUR/USD is cuurently trading at the 200 hour moving average, after selling off over night. The 200 MA (green line) comes in at 1.3661. This level will set the tone for the rest of the session today. There is a only a small distance to the 38.2 percent retracement level at 1.3621. The high for the week comes in at 1.3700. Either of these targets offers short term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Very Human SARB Cuts Rates Yet Again 0.5%

Posted: 19 Nov 2010 06:08 AM PST

By Cees Bruggemans, Chief Economist FNB.
SARB Governor Marcus announced the MPC decision to cut interest rates by another 0.5% today, with the prime interest rate dropping to 9%.
The main emphasis was on a slightly lowered inflation trajectory, averaging 3.5% in 2H2010, 4.3% in 2011 and 4.8% in 2012, and the economy expanding at below potential, 2.8% in 2010 and 3.3% expected in 2011.
Though there are many future risks to be borne in mind, regarding uncertain financial conditions in the US and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Helmerich & Payne Posts Strong 4Q

Posted: 19 Nov 2010 06:05 AM PST

Contract drilling services provider, Helmerich & Payne Inc. (NASDAQ:PTEN) and Nabors Industries (NYSE:NBR), quarterly earnings were helped by improving U.S. land drilling operations. Additionally, Helmerich & Payne benefited from better dayrates for its high-specification rigs. 
Earnings per share from continuing operations came in at 77 cents, surpassing the Zacks Consensus Estimate of 70 cents and the year-ago profit of 51 cents. Revenues of $559.0 million were up 56.0% from the fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Deere & Company, Del Monte Foods Company, E.I. Du Pont De Nemours And Company, Goldman Sachs Group, H.J. Heinz Company, Salesforce.com Inc, UBS AG, Cisco Systems, Dell, Marvell Technology Group, Ltd., Whole Foods Market

Posted: 19 Nov 2010 06:05 AM PST

 After the close, Dell (NASDAQ:DELL) reported EPS of $0.45, up from estimates of $0.32 for the third quarter, on a 19.4% revenue climb to $15.39 billion, just below estimates of $15.74 billion. The firm expects the increase in full-year revenues to fall in the middle of its 14-19% range made earlier in the year

 Marvell Tech (NASDAQ:MRVL) posted third quarter earnings of $0.45, beating estimates by $0.02, on revenues of $959 million, up from estimates of $950 million

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

Forex – USD/CHF Up During The European Session

Posted: 19 Nov 2010 06:00 AM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 0.9970, up 0.10% at time of writing.

The pair was likely to find support at 0.9763, Monday's low, and resistance at 0.9998, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.15% to hit 1.3662 and USD/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

South African Identity

Posted: 19 Nov 2010 05:49 AM PST

By Cees Bruggemans, Chief Economist of FNB.
Who exactly are we (and does it matter)?
In daily conversation, the confusion about South Africa's economic identity often shines through, as struck me again at a major economic conference last week. This matters as regards expectations about what can be delivered, and what is needed policy-wise.
——————-
Foreign audiences are inclined to designate us as an 'Emerging Commodity Producer' given our African location, our large surplus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Pipeline Setback For Pfizer

Posted: 19 Nov 2010 05:35 AM PST

Pfizer (NYSE:PFE) and partner Bristol-Myers Squibb (NYSE:BMY) recently suffered a setback with the development of their anti-clotting candidate, apixaban. The companies said that they have discontinued the development of the candidate in patients with acute coronary syndrome due to an increased risk of bleeding associated with the use of the drug.
Decision Based on Recommendation of an Independent Data Monitoring Committee
The study, APPRAISE-2 (Apixaban for Prevention of Acute Ischemic Events – … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cabot To Dispose Midstream Assets

Posted: 19 Nov 2010 05:35 AM PST

Independent energy exploration and production ("E&P") company Cabot Oil and Gas (NYSE:COG) has entered into an agreement with Williams Partners L.P. (NYSE:WPZ) – a master limited partnership ("MLP") – to sell its midstream assets in Pennsylvania for $150 million. The transaction, which is expected to close before the end of the year, also includes a long-term gathering agreement.    
As per the deal, the Houston, Texas-based Cabot plans to offload about 75 miles of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The European Session

Posted: 19 Nov 2010 05:10 AM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD/CAD was trading at 1.0205, up 0.14% at time of writing.

The pair was likely to find support at 1.0057, Monday's low, and resistance at 1.0262, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.21% to hit 1.3670 and GBP/USD falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amgen’s Xgeva Approved

Posted: 19 Nov 2010 05:05 AM PST

Amgen Inc. (NASDAQ:AMGN) received a major boost recently with the company gaining US Food and Drug Administration (FDA) approval for Xgeva (denosumab) for the prevention of skeletal-related events (SREs) in patients with bone metastases from solid tumors.
Significant Expansion in Patient Population
With this approval, Amgen should see a significant expansion in the patient population for denosumab. Denosumab is currently available under the trade name Prolia for the treatment of osteoporosis in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Market Facing The Wall Of Worry: Is This A Buying Opportunity?

Posted: 19 Nov 2010 04:44 AM PST

Should we be following the global news for market direction? That has been the theme this week, China's inflation warning sent the market lower on Tuesday along with the fear in Europe over the possible default of Ireland on sovereign debt. That same default concern is rumored to be almost resolved based on an EU bailout package and the market bounced higher. Thus, the question, is the future market trend in the hands of the global markets? It is definitely part of the equation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The European Session

Posted: 19 Nov 2010 04:35 AM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.

GBP/JPY was trading at 133.66, down 0.24% at time of writing.

The pair was likely to find support at 132.20, Tuesday's low, and resistance at 134.22, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.12% to hit 1.6022 and EUR/GBP rising 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Friday: Google, Nike, GM, Marvell Tech, Intel, Dell, Intuit, GAP, Baxter, Amgen, BP, GlaxoSmithKline, Genzyme

Posted: 19 Nov 2010 04:24 AM PST

BP (NYSE:BP) – According to a federal probation officer, co.'s Alaska unit should have its criminal probation revoked and be subject to additional penalties because the co. continued negligent behaviour even after pleading guilty over its 2006 Prudhoe Bay pipeline spill. (RTRS)

UK

GlaxoSmithKline (NYSE:GSK)– Co.'s senior VP said the group is not interested in making a counter bid for Genzyme (NASDAQ:GENZ). (RTRS)

BG Group – CNOOC has been rumoured to be considering a bid for co., … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rises On Increased Hopes Of An Irish Rescue Package While Risk Appetite Weighs On Dollar

Posted: 19 Nov 2010 04:12 AM PST

Fundamental Headlines
• Australian Dollar Up Late, Details Awaited on Irish Rescue – Wall Street Journal
• New Zealand Dollar Up Late as Irish Bailout Seems Closer – Wall Street Journal
• Ireland Bailout Plan Boosts Euro – Financial Times
• Pound Declines Against Euro as Irish Bailout Outlook Damps Haven Demand – Bloomberg
• Bernanke Steps Up Stimulus Defense, Turns Tables on China – Bloomberg
EURUSD: The Euro rose against the dollar after a German report showed producer prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Ferdinand Pecora Rolling Over In His Grave?

Posted: 19 Nov 2010 03:57 AM PST

Where are our statesmen?
Where are the individuals who will choose to sacrifice personal gain for our national welfare? I am not talking about public policy implementation. I am talking about those who would choose to pursue and embrace the truth while exposing the incestuous Wall Street-Washington relationship that has brought our nation to its knees.
Where is today's Ferdinand Pecora when we need him? I shudder to think that the great Pecora, who led the investigation of Wall Street … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down During The European Session

Posted: 19 Nov 2010 03:55 AM PST

Forex Pros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.3571, down 0.11% at time of writing.

The pair was likely to find support at 1.3363, Monday's low, and resistance at 1.3598, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.48% to hit 1.3707 and EUR/JPY rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GameStop: The Next Blockbuster?

Posted: 18 Nov 2010 05:37 AM PST

click to view

By Ben Strubel of Strubel Investment Management, LLC
GameStop is the world's largest retailer of video games and hardware. They operate 6,549 stores in United States, Austria, Australia, Canada, Denmark, Finland, France, Germany, Italy, Ireland, New Zealand, Norway, Portugal, Puerto Rico, Spain, Sweden, Switzerland, and the United Kingdom. GameStop's profit comes from four product categories. Its new video game hardware category accounts for 6.5% of its gross profit; new … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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