Monday, December 27, 2010

DailyMarkets.com - American Express Eliminates Foreign Currency Transaction Fees On U.S. Platinum And Centurion Cards

DailyMarkets.com - American Express Eliminates Foreign Currency Transaction Fees On U.S. Platinum And Centurion Cards


American Express Eliminates Foreign Currency Transaction Fees On U.S. Platinum And Centurion Cards

Posted: 27 Dec 2010 07:35 AM PST

Don’t you just hate paying currency conversion fees on your international purchases?

American Express (NYSE:AXP) just announced some good news for their personal or small business cardmembers. It said that it will eliminate foreign currency transaction fees for U.S. cardmembers who use their American Express Platinum Card or Centurion Card for international purchases.

Cards For The Affluent

The Centurion Card is the most prestigious card in the U.S. as membership is by invitation only and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Decline After The Open In Thin Trade; Dow Jones Down 0.39%

Posted: 27 Dec 2010 07:13 AM PST

Forex Pros – U.S. stocks were down after the open on Monday in thin post-Christmas trade and amid a major East Coast snowstorm, as markets digested news that China unexpectedly raised its benchmark interest rate over the weekend.  

During early U.S. trade, the Dow Jones Industrial Average slumped 0.39%; the S&P 500 index fell 0.26%, while the Nasdaq Composite index tumbled 0.83%.

On Saturday, the People's Bank of China raised its benchmark deposit and lending rates by 25 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Levels And Outlooks 12.27.2010 GBP/JPY EUR/JPY EUR/GBP

Posted: 27 Dec 2010 07:10 AM PST

GBP/JPY Sliding to 2010 Low near 126.50
Resistance 1: 128.50-128.60; R2: 129.50-129.60; R3: 130;
Support 1: 127.50; S2: 126.50

- The GBP/JPY is still hanging around the 128.00 area, but seems to be in a bearish continuation. Price action is still too flat to convince me there is an imminent beraish swing, but the bias is definitely there.
- The current swing should reach 127.00, breaking below the previous pivot at 127.50. The projection if the market does indeed start to accelerate lower is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Biogen/Elan Seek Label Update

Posted: 27 Dec 2010 07:05 AM PST

Biogen Idec (NASDAQ:BIIB) and partner Elan Corporation (NYSE:ELN) recently announced their intention to seek approval for updating the label of their multiple sclerosis therapy, Tysabri. Biogen and Elan have submitted a supplemental Biologics License Application (sBLA) to the US Food and Drug Administration (FDA) seeking permission to include anti-JC Virus antibody status as one potential factor that could help stratify the risk of progressive multifocal leukoencephalopathy (PML) occurring in patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Biogen/Elan Seek Label Update

Posted: 27 Dec 2010 07:05 AM PST

Biogen Idec (NASDAQ:BIIB) and partner Elan Corporation (NYSE:ELN) recently announced their intention to seek approval for updating the label of their multiple sclerosis therapy, Tysabri. Biogen and Elan have submitted a supplemental Biologics License Application (sBLA) to the US Food and Drug Administration (FDA) seeking permission to include anti-JC Virus antibody status as one potential factor that could help stratify the risk of progressive multifocal leukoencephalopathy (PML) occurring in patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AES Progress On Italian Projects

Posted: 27 Dec 2010 07:05 AM PST

AES Solar, a joint venture between The AES Corporation (NYSE:AES) and private equity firm Riverstone Holdings LLC, closed on long-term non-recourse financing facilities of 103 million euros or approximately $134.9 million for 24 MW of solar photovoltaic (PV) projects, named "Il Terzo." The Il Terzo portfolio of seven projects is located throughout the Lazio, Puglia and Sicilia regions of Italy.
The abovementioned seven projects are expected to reach commercial operation by the end of the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates


A Christmas Gift For Maxwell

Posted: 27 Dec 2010 07:05 AM PST

Energy storage and power delivery products maker, Maxwell Technologies Inc. (NASDAQ:MXWL) garnered approximately $7.5 million just before Christmas from warrant holders exercising their rights to purchase the company's common stock at a price of $16.22 per share. In all 462,461 warrants to purchase its common stock were exercised in full on December 20, 2010. The warrants were issued in conjunction with a private placement of $25 million convertible debentures in December 2005.
Maxwell … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ventas Acquires Assets In Wisconsin

Posted: 27 Dec 2010 07:05 AM PST

Ventas Inc. (NYSE:VTR), a leading health care real estate investment trust (REIT), has recently acquired five Class A medical office buildings (MOB) in Wisconsin for $36.6 million. The acquisition was made through Lillibridge Healthcare Services Inc., a wholly-owned subsidiary of Ventas.
The medical office portfolio spanning 225,000 square feet of space is located on the campuses of ThedaCare hospitals in Appleton and Neenah, Wisconsin. With the deal, Ventas has further strengthened its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Setback For Cumberland Pharma

Posted: 27 Dec 2010 07:05 AM PST

Recently, Cumberland Pharmaceuticals, Inc. (CPIX) encountered a huge blow on the US Food and Drug Administration (FDA) refusing to approve its liver failure injectable drug, Acetadote, for an additional indication due to insufficiency of data. Acute liver failure is associated with a high mortality rate and liver transplantation is often needed to combat the disorder.
The US regulatory agency declined to approve Acetadote in patients with non-acetaminophen acute liver failure and issued a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vivus Seeks EU Nod For Qnexa

Posted: 27 Dec 2010 06:35 AM PST

Vivus, Inc. (NASDAQ:VVUS) recently announced that it has filed a Marketing Authorization Application (MAA) with the European Medicines Agency (EMA) seeking approval for Qnexa. The company is looking to get Qnexa approved in the EU for the treatment of obesity (in conjunction with a mildly hypocaloric diet), including weight loss and maintenance of weight loss.
Qnexa's approval would be a major positive for Vivus. The obesity market represents huge commercial potential for Vivus. Obesity is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Highwoods Remodifies Design

Posted: 27 Dec 2010 06:35 AM PST

Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), has recently revealed the third iteration of the conceptual design for the proposed office building of law firm Polsinelli Shughart, housed in the build-to-suit property in Country Club Plaza – an upscale shopping district and residential neighborhood in Kansas City.
 
Polsinelli had earlier signed a 20-year lease for the 192,000-square-foot Class A build-to-suit office building, which is scheduled for completion … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Boeing Company, General Electric Company, Goldman Sachs Group, Kemet, MBIA, Cal-Maine Foods, Cisco Systems, CME Group, Google, Netflix

Posted: 27 Dec 2010 06:35 AM PST

 Boeing (NYSE:BA) is planning to restart test flights of its problem-prone Dreamliner on Thursday, and  revealing the extent of its seventh delivery schedule delay in January

 According to this week’s issue of Barron’s, Cisco (NASDAQ:CSCO) is currently trading at an “unmerited discount.” The article state that firm is “admirably managed” with “healthy long-term goals.” Barron’s, however, states that Netflix (NASDAQ:NFLX) is exceptionally priced

 GE Capital, another of General … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Erases Losses As Crude Oil Prices Turn Lower

Posted: 27 Dec 2010 06:26 AM PST

Forex Pros – The U.S. dollar erased losses against its Canadian counterpart on Monday, retreating from a daily low in choppy, holiday-thinned trade, after crude oil prices turned lower.

USD/CAD clawed up from 1.0057, a daily low, to hit 1.0088 during European afternoon trade, gaining 0.12%.

The pair was likely to find short-term support at 1.0031, the low of December 16 and resistance at 1.0165, the high of December 23.

With markets in Canada closed due to the Christmas holiday and many … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Rebound Expected

Posted: 27 Dec 2010 06:20 AM PST

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


Japanese Yen: Caution

Posted: 27 Dec 2010 06:20 AM PST

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


British Pound: Rebound

Posted: 27 Dec 2010 06:20 AM PST

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


Euro: Rebound

Posted: 27 Dec 2010 06:20 AM PST

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


FX Levels And Outlooks 12.27.2010 – EUR/USD GBP/USD USD/JPY

Posted: 27 Dec 2010 06:20 AM PST

EUR/USD Tries to Form a Rounded BottomResistance: 1.3180-1.32: R2: 1.33
Support zone: 130.60; S2: 129.70; S3: 129.20

- The 1H chart shows the EUR/USD making a higher high and a higher low, as it tries to round out a bottom.
- The RSI failed to dip below 30, and succeeded in breaking above 60 (1H chart), so the bearish mode is on hold if not reversed.
- a rally needs to see a close above 1.32. There is not much resistance until 1.33 if the 1.32 level is broken.
- Currently, the market is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD In Between “Goal Posts:

Posted: 27 Dec 2010 06:13 AM PST

The EURUSD is trading in betweent the "Goal Posts" as defined by the 100 and 200 hour MA. The 100 hour MA is at the 1.3120 level. The 200 hour MA is at the 1.3170 level currently. With the price in between the two, the bias is bullish but the lack of upward momentum has the bulls on the defensive. Look for buyers on dips against the 100 hour MA at 1.3120, with stops on a move below.
Other key technical levels comes in at the 100 day MA which is at the 1.3087 level today. The 50% retracement … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AES Progress On Italian Projects

Posted: 27 Dec 2010 06:05 AM PST

AES Solar, a joint venture between The AES Corporation (NYSE:AES) and private equity firm Riverstone Holdings LLC, closed on long-term non-recourse financing facilities of 103 million euros or approximately $134.9 million for 24 MW of solar photovoltaic (PV) projects, named "Il Terzo." The Il Terzo portfolio of seven projects is located throughout the Lazio, Puglia and Sicilia regions of Italy.
The abovementioned seven projects are expected to reach commercial operation by the end of the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates


A Christmas Gift For Maxwell

Posted: 27 Dec 2010 06:05 AM PST

Energy storage and power delivery products maker, Maxwell Technologies Inc. (NASDAQ:MXWL) garnered approximately $7.5 million just before Christmas from warrant holders exercising their rights to purchase the company's common stock at a price of $16.22 per share. In all 462,461 warrants to purchase its common stock were exercised in full on December 20, 2010. The warrants were issued in conjunction with a private placement of $25 million convertible debentures in December 2005.
Maxwell … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Hits 6-day High In Holiday-thinned Trade

Posted: 27 Dec 2010 06:01 AM PST

Forex Pros – The euro was up against the pound in holiday-thinned trade on Monday, climbing to a 6-day high, following the release of disappointing industry data on U.K. house prices.   
 
EUR/GBP hit 0.8532 during European afternoon trade, the pair's highest since December 17; the pair subsequently consolidated at 0.8530, jumping 0.44%.

The pair was likely to find support at 0.8460, the low of December 22, and short-term resistance at 0.8552, the high of December … [visit site to read more] or compare Best Credit Cards and Best CD Rates


20 Things That Became Obsolete This Decade

Posted: 27 Dec 2010 06:00 AM PST

From the Huffington Post:

“The last ten years have brought us a windfall of new gadgets and gizmos, and with them, a new way of life. Since 2000, we’ve gained iPods and iPads, Travelocity and Twitter, Facebook and Foursquare, BlackBerry smartphones and Android devices, Xboxes and Wiis, among many other new services, sites, and electronics. We’re now poking, tweeting, Googling, and Skyping.

But in that time we’ve also changed our habits and lost a few things, too. As we look forward to 2011, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Hits 4-day High Amid Speculation SNB Could Intervene

Posted: 27 Dec 2010 05:50 AM PST

Forex Pros – The euro was up for the third consecutive day against the Swiss franc on Monday, rising to a 4-day high, after the Swiss National Bank said it was ready to "take the measures necessary" to counter deflation, fuelling speculation it may intervene to weaken the franc.

EUR/CHF hit 1.2698 during European afternoon trade, the pair's highest since December 21; the pair subsequently consolidated at 1.2644, jumping 0.32%.

The pair was likely to find support at 1.2437, the low of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests 200 Day MA At 1.5393 Level. Key Level Today

Posted: 27 Dec 2010 05:44 AM PST

Biogen/Elan Seek Label Update

Posted: 27 Dec 2010 05:35 AM PST

Biogen Idec (NASDAQ:BIIB) and partner Elan Corporation (NYSE:ELN) recently announced their intention to seek approval for updating the label of their multiple sclerosis therapy, Tysabri. Biogen and Elan have submitted a supplemental Biologics License Application (sBLA) to the US Food and Drug Administration (FDA) seeking permission to include anti-JC Virus antibody status as one potential factor that could help stratify the risk of progressive multifocal leukoencephalopathy (PML) occurring in patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Extends Losses In Choppy, Subdued Trade

Posted: 27 Dec 2010 05:33 AM PST

Forex Pros – The pound extended losses against the U.S. dollar on Monday in choppy, subdued trade due to the Christmas holiday, falling to a fresh 2-day low, after industry data showed U.K. house prices declined for the sixth consecutive month in December.    

GBP/USD hit 1.5394 during early European trade, the pair's lowest since December 23; the pair subsequently consolidated at 1.5401, dropping 0.24%.

The pair was likely to find support at 1.5356, the low of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Pares Gains In Thin Trade Ahead Of Year’s End

Posted: 27 Dec 2010 05:21 AM PST

Forex Pros – The euro pared gains against the U.S. dollar on Monday in subdued, holiday-thinned trade as news that China unexpectedly raised its benchmark interest rate over the weekend had a largely muted effect on currency markets.   

EUR/USD hit 1.3169 during European afternoon trade, the pair's highest since December 22; the pair subsequently consolidated at 1.3126, climbing 0.09%.

The pair was likely to find support at 1.3054, the low of December 23, and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chinese Stocks – Finely Balanced

Posted: 27 Dec 2010 04:43 AM PST

In a surprise move on Christmas day, the People's Bank of China (PBOC) increased its key one-year lending and deposit rates by 25 basis points. The hike pushed China's benchmark lending rate up to 5.81%, compared with 7.47% prior to rate reductions from late 2008 to counter the global financial crisis.
"These policy moves could be front-loaded in coming months, as headline inflation figures remain high and economic growth faces overheating risks early next year," said Wang Qian, JP … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dave Frost: Face To Face With Julian Assange

Posted: 27 Dec 2010 04:36 AM PST

Julian Assange, the co-founder of the whistleblowing website WikiLeaks – which is currently releasing over 250,000 confidential American diplomatic cables – is in the UK fighting extradition to Sweden where he is wanted on charges for sexual assault.
He joins David Frost to talk about a host of issues, from his personal situation to the role of WikiLeaks as a bastion of transparency, championing the right to reveal government secrets, when it is in the public's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Max Keiser On Cables, Crises And Cyber Currencies

Posted: 27 Dec 2010 04:32 AM PST

This week, Max Keiser and Stacy Herbert talk about stock market riots, p2p currencies and the banking solvency crisis. Make sure to read the quotes included in die video show. In the second half, Max talks to Mike Maloney of goldsilver.com about currency crises, China's gold and the silver … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Theme To Watch For In 2011: Chin-flation

Posted: 27 Dec 2010 04:22 AM PST

Prakriti Sofat, regional economist at Barclays Capital, says China will begin to export inflation across the globe in 2011. She speaks to CNBC about the key risks to watch for heading into the new … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Down Vs. Most Rivals In Thin Trade After China Rate Hike

Posted: 27 Dec 2010 04:19 AM PST

Forex Pros – The U.S. dollar was down against most of its major rivals on Monday, in choppy, holiday-thinned trade, after China unexpectedly raised its benchmark interest rate over the weekend in an effort to cool inflation.

Over the Christmas weekend, the People's Bank of China announced on its website that it increased its benchmark deposit and lending rates by 25 basis points for the second time in ten weeks. The widely expected move was aimed at reining inflation, which soared to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


S&P 500 To Hit 1,500 By June, Eliades Says

Posted: 27 Dec 2010 04:18 AM PST

Peter Eliades, editor of Stock Market Cycles, explains why he sees the potential for a 25% gain on the S&P 500 during the first half of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Laugh Out Loud: What’s A Magazine?

Posted: 27 Dec 2010 04:15 AM PST

CHART OF THE DAY

Posted: 27 Dec 2010 03:58 AM PST

Forex – USD/JPY Eases Up In Choppy, Holiday-thinned Trade

Posted: 27 Dec 2010 03:56 AM PST

Forex Pros – The U.S. dollar eased up against the yen on Monday, rebounding from a 3-week low, after the minutes of the most recent Bank of Japan board meeting revealed that a number of board members expressed more concern over the downside risks to Japan’s economic outlook than over the upside risks.

USD/JPY hit 82.64 during European afternoon trade, the pair's lowest since December 7; the pair clawed back to subsequently consolidate at 82.84, inching up 0.02%.

The pair was likely to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Hits 2-day High Amid SNB Intervention Speculation

Posted: 27 Dec 2010 03:21 AM PST

Forex Pros – The U.S. dollar was up against the Swiss franc on Monday, rising to a 2-day high in holiday-thinned trade, as the Swiss National Bank said it was ready to "take the measures necessary" to counter deflation, fuelling speculation it may intervene to weaken the franc.

USD/CHF hit 0.9646 during European morning trade, the pair's highest since December 23; the pair subsequently consolidated at 0.9626, climbing 0.16%.

The pair was likely to find support at 0.9496, the low of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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