Friday, December 3, 2010

DailyMarkets.com - Citi And Discover Improve Their Credit Card Offers

DailyMarkets.com - Citi And Discover Improve Their Credit Card Offers

Citi And Discover Improve Their Credit Card Offers

Posted: 03 Dec 2010 07:35 AM PST

Alert: Before you apply for a credit card, read this update!

When credit card issuers improve their card offers in an effort to woo more consumers to be their new customers, we got no complaints.

Both Citi (NYSE:C) and Discover (NYSE:DFS) have improved some of their existing credit card offers for the benefit of new cardmembers, with immediate effect.

If you are considering getting a credit card, check out these updates first:

1) Discover More Card (read our review of Discover More … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Non-Farm Payroll Disappoints; Forex Markets Sell USD, Buy JPY

Posted: 03 Dec 2010 07:30 AM PST

The Non-Farm Payroll report came in worse than expected, with a gain of 39K jobs for the month of November. Private payrolls added 50K while government payrolls declined 11K.

The consensus forecast had the US economy gaining 144K, and so this will bring down some of the heightened expectations around US growth and the economy. While it's one report it does show that the US labor market remains mired in weak job growth. The unemployment rose to 9.8% from 9.6%.

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

Time To Get Bullish On The US Banking Sector?

Posted: 03 Dec 2010 07:23 AM PST

The problems in the banking and financial stocks have been well documented over the last two years. After showing some promise in early November the small rally quickly faded on new worries over the robo-signing on foreclosure documents. They tested the lows of the trading range again this week raising questions and adding speculation of a test of the August lows. The upgrade to the banking sector (KBE) yesterday by Goldman Sachs (NYSE:GS) reversed the direction and pushed the sector up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Well-Positioned Sector ETFs For 2011

Posted: 03 Dec 2010 07:18 AM PST

In a recent Bloomberg article, S&P 500 to Defy 'New Normal' and Rally, money manager Brian Barish of Cambiar Investors made a few important comments relative to asset allocation:
"If the whole stock market were a bunch of commercial real-estate investment trusts, they'd have a great argument [with the 'new normal']," he said. "We shouldn't confuse the stock market with the U.S. economy. Particularly outside the U.S., a lot of structural issues just aren't there, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wheat Prices Rise On Weather Woes

Posted: 03 Dec 2010 07:18 AM PST

Today’s Idea
With Wheat futures now trading in the midst of a “weather” market, volatility may increase and make it more difficult for traders to hold an outright futures position, given the possibility of potentially large daily price ranges in the coming weeks. Some traders who may be considering taking on a bullish position in Wheat but who also wish to limit the potential risk on the trade may wish to explore buying a bull call spread using Wheat futures options. For example, with March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Corrects Higher But Holds An Intraday Resistance Level

Posted: 03 Dec 2010 07:15 AM PST

Forex – AUD/USD Up On Economic Data

Posted: 03 Dec 2010 07:15 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

AUD/USD was trading at 0.9859, up 0.90% at time of writing.

The pair was likely to find support at 0.9539, Wednesday's low, and resistance at 0.9886, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 39.00K last month, from 172.00K in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: International Flavors & Fragrances, Inc.

Posted: 03 Dec 2010 07:05 AM PST

International Flavor & Fragrances Inc. (NYSE:IFF) has been surging lately due to strong demand both domestically and abroad. The company recently reported its 5th consecutive positive earnings surprise as revenue growth was strong around the globe.
Analysts continue to revise their estimates significantly higher as business improves. IFF is a Zacks #1 Rank (Strong Buy) stock.
About IFF
International Flavor & Fragrances creates and manufactures flavor and fragrance compounds. The flavor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Target Sales Rise

Posted: 03 Dec 2010 07:05 AM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted better-than-expected sales results for the four-week period ended November 27, 2010, driven by robust traffic count during the month.
The company's comparable-store sales for November 2010 rose 5.5%, following an increase of 1.7% in October 2010 and reflecting a sharp improvement from a decline of 1.5% in November 2009.
The increase in comps was the result of growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bright Spots: Temp Help And Mfg. Overtime Hours

Posted: 03 Dec 2010 06:58 AM PST

Today’s disappointing BLS employment report reflects a fairly weak job market and a continuation of the “jobless recovery” that will likely continue well into 2011, maybe even into 2010.  Looking back at the periods following the last two recessions, the jobless rate continued to rise for 15 months (until June 2002) following the end of the recession in March 19991, and it took 29 months, until August of 1993, before the unemployment rate fell back to the same level that prevailed at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down On Economic Data

Posted: 03 Dec 2010 06:55 AM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/CHF was trading at 0.9800, down 1.29% at time of writing.

The pair was likely to find support at 0.9776, today's low, and resistance at 1.0067, Wednesday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 39.00K last month, from 172.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Found Its Levels 1.3376 And 1.3327 Is The Boundaries Now

Posted: 03 Dec 2010 06:35 AM PST

EU Label Expansion For Sutent

Posted: 03 Dec 2010 06:35 AM PST

Pfizer Inc. (NYSE:PFE) recently announced that it received approval from the European Commission for an additional indication for cancer drug Sutent. Sutent gained approval for the treatment of unresectable or metastatic, well-differentiated pancreatic neuroendocrine tumors (NET) with disease progression in adults.
Approval for the additional indication was based on data from a randomized phase III study which showed that patients in the Sutent arm were free from disease progression or death for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hanger Closes ACP Acquisition

Posted: 03 Dec 2010 06:35 AM PST

Hanger Orthopedic (NYSE:HGR) has completed its acquisition of Nevada-based rehabilitation technologies provider Accelerated Care Plus ("ACP") for $155 million in cash. The company has funded the acquisition (announced in October 2010) using available cash and by refinancing its credit facilities.
ACP specializes in developing rehabilitation technologies and is a leading provider of integrated clinical programs for post-acute and long-term care rehabilitation in the U.S. The entity has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Payroll Jobs Miss Badly

Posted: 03 Dec 2010 06:35 AM PST

The Bureau of Labor Statistics (BLS) this morning reported disappointing numbers in payroll jobs in the U.S. for the month of November. Nonfarm payroll jobs grew by 39,000 in the month, including 50,000 new jobs in the private sector, but overall unemployment in the month grew to 9.8%.

Analysts had overall estimated unemployment to remain at 9.6% or tick up to 9.7% as the participation rate grows as Americans begin to re-enter the workforce. So although 9.8% unemployment — the highest since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Banco Santander, S.A., Big Lots, CBS, Citigroup, Goldman Sachs Group, HSBC Holdings Plc, National Semiconductor, UBS AG, Walter Industries, Wells Fargo & Company, Broadcom, EBay, Google, Marvell Technology Group, Ltd.

Posted: 03 Dec 2010 06:35 AM PST

 Walter Energy (NYSE:WLT) said it plans to acquire Canada’s Western Coal for $3.3 billion

 Google (NASDAQ:GOOG) is reported to have signed a deal to pay $1.9 billion for a Manhattan city block

 Citigroup (NYSE:C) downgraded eBay (NASDAQ:EBAY) from “buy” to “hold”

 Big Lots (NYSE:BIG) reported third quarter earnings of $0.23, a one-cent miss, on inline revenues of $1.06 billion. The firm lowered guidance to a $2.75-$2.81 range

 HSBC (NYSE:HBC) upgraded Banco Santander (NYSE:STD) from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down On Economic Data

Posted: 03 Dec 2010 06:35 AM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/JPY was trading at 82.77, down 1.25% at time of writing.

The pair was likely to find support at 82.54, today's low, and resistance at 84.40, Monday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 39.00K last month, from 172.00K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Further Advance

Posted: 03 Dec 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: Caution

Posted: 03 Dec 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: Rebound

Posted: 03 Dec 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: The Upside Prevails

Posted: 03 Dec 2010 06:18 AM PST

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

Forex – GBP/USD Up On Economic Data

Posted: 03 Dec 2010 06:15 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/USD was trading at 1.5694, up 0.59% at time of writing.

The pair was likely to find support at 1.5486, Tuesday's low, and resistance at 1.5705, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 39.00K last month, from 172.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novell’s EPS In Line, Revenue Beats

Posted: 03 Dec 2010 06:06 AM PST

Enterprise software developer Novell Inc. (NASDAQ:NOVL) reported fourth quarter 2010 non-GAAP earnings of 7 cents, excluding one-time charges, in line with the Thomson Reuters Consensus. Earnings per share (EPS) plunged 36.4% from the year-ago quarter's earnings of 11 cents.
In the after-hour, shares were down 0.5% (3 cents) at $5.93.
Revenues
Revenues decreased 4.2% year over year to $206.5 million from $215.6 million in the year-ago quarter. Revenues were slightly above the Thomson Reuters … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sprint Risk Seems Over

Posted: 03 Dec 2010 06:06 AM PST

The latest wireless industry rumors about Sprint Nextel's (NYSE:S) imminent danger, with Clearwire Corp. (NASDAQ:CLWR) running a risk of defaulting its loan agreements, seems to be over as Clearwire plans to offer $175 million in short-term notes due in 2015 and another $1 billion in debt due in 2017 and 2040.
Sprint Nextel shares rose the highest for the first time since July when Clearwire announced its plans to raise about $1.2 billion in new debt to finance further expansion of Sprint's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Biovest International (BVTI): A New Lease On Life

Posted: 03 Dec 2010 06:06 AM PST

Grant Zeng, CFA

Biovest International Inc. (BVTI) (Biovest) is a clinical stage biotech company focused on the research and development of therapeutic cancer vaccines and related business.

The Company operates in three identifiable industry segments. Cell Culture Products and Services segment is engaged in the production and contract manufacturing of biologic drugs and cell production for research institutions worldwide. The Instruments and Disposables segment is engaged in the development, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up On Economic Data

Posted: 03 Dec 2010 05:55 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

EUR/USD was trading at 1.3333, up 0.93% at time of writing.

The pair was likely to find support at 1.2970, Tuesday's low, and resistance at 1.3345, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 39.00K last month, from 172.00K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Non-farm Payrolls Rise Less-than-expected

Posted: 03 Dec 2010 05:40 AM PST

U.S. non-farm payrolls rose less-than-expected last month, official data showed on Friday.

In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 39.00K, from 172.00K in the preceding month whose figure was revised up from 151.00K.

Analysts had expected U.S. non-farm payrolls to rise 140.00K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Unemployment Rate Rises Unexpectedly

Posted: 03 Dec 2010 05:40 AM PST

The rate of unemployment in the U.S. last month rose unexpectedly, official data showed on Friday.

In a report, the U.S. Department of Labor said the unemployment rate rose to a seasonally adjusted 9.80%, from 9.60% in the preceding month .

Analysts had expected the U.S. unemployment rate to remain unchanged at 9.60% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

J&J Product Recalls Continue

Posted: 03 Dec 2010 05:35 AM PST

Product recalls at Johnson & Johnson (NYSE:JNJ) continue with Johnson & Johnson-Merck Consumer Pharmaceuticals, Co. recently recalling twelve Mylanta liquid products and one AlternaGel liquid product from the US and Puerto Rico. The latest product recall was announced just a few days after the previous recall which was related to Tylenol cold multi-symptom liquid products.
Prior to the Tylenol recall, Johnson & Johnson had recalled all lots of children's Benadryl Allergy Fastmelt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Statoil’s New Licenses Off Canada

Posted: 03 Dec 2010 05:35 AM PST

Statoil ASA (NYSE:STO) has been awarded interests in four new licenses offshore Canada. Late last month, Statoil also won two large exploration blocks in the Baffin Baybid program in West Greenland in partnership with Royal Dutch Shell (RDS.A) and GDF Suez. Production growth from international operations is a key component of Statoil's overall annual upstream growth plan over the next few years.
The new licenses include a Significant Discovery License (SDL) and three Exploration Licenses (ELs) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VeriFone Beats Estimates

Posted: 03 Dec 2010 05:10 AM PST

VeriFone Systems Inc.’s (NYSE:PAY) revenues of $276 million in the fourth quarter of fiscal 2010, were up 27% year over year and up 6% sequentially.
Based in San Jose, California, VeriFone designs, markets and services a transaction automation system that facilitates electronic payments between consumers, merchants and financial institutions.
On a segment basis, System Solutions generated revenues of $228.3 million, up 22.7% year over year. Services revenues grew 49.9% year over year to $47.7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The European Session

Posted: 03 Dec 2010 05:00 AM PST

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

USD/CAD was trading at 1.0016, down 0.11% at time of writing.

The pair was likely to find support at 1.0003, today's low, and resistance at 1.0287, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.29% to hit 1.3248 and GBP/USD rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Friday: Goldman Sachs, BHP Billiton, Rio Tinto

Posted: 03 Dec 2010 04:42 AM PST

The market put in another solid session Thursday.   The ECB didn't take the drastic measures that some had hoped, but when it became apparent that European Debt/Equities were not going sell off, the S&P futures ticked higher. Financials were the focus after Goldman Sachs (NYSE:GS) raised the Banks (+4%) to overweight. US Macro data was positive with US existing home sales unexpectedly jumping by a record 10% in  October, and Jobless claims dropped to a 2 year low, both factors … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The European Session

Posted: 03 Dec 2010 04:15 AM PST

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

EUR/JPY was trading at 110.90, up 0.16% at time of writing.

The pair was likely to find support at 108.35, Tuesday's low, and resistance at 111.66, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.39% to hit 1.3262 and EUR/GBP rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Employment Change Rises Less-than-expected

Posted: 03 Dec 2010 04:10 AM PST

Canadian employment change rose less-than-expected last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian employment change rose to a seasonally adjusted 15.20K, from 3.00K in the preceding month.

Analysts had expected Canadian employment change to rise 20.00K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Unemployment Rate Falls Unexpectedly

Posted: 03 Dec 2010 04:10 AM PST

The rate of unemployment in Canada fell unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian unemployment rate fell to a seasonally adjusted 7.60%, from 7.90% in the preceding month.

Analysts had expected Canadian unemployment rate to remain unchanged at 7.90% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

November Manufacturing PMIs: Beating The Estimates!

Posted: 03 Dec 2010 03:58 AM PST

The November manufacturing PMIs came in much stronger than the market and I expected. Only Spain, Italy and Australia reported weaker growth, with the U.S. marginally lower. The manufacturing sectors in most countries except Australia, Japan and Greece continue to expand. Brazil is on the brink of expanding again, whereas Spain finds itself on the edge of contraction.

In the Eurozone the manufacturing sectors in France, Germany and the Netherlands are particularly buoyant, while Ireland … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Employment Rises Less Than Expected, Unemployment Falls To 7.6 Percent

Posted: 03 Dec 2010 03:45 AM PST

Fundamental Headlines
• Good Jobs News Hardly Merits A Celebration – Wall Street Journal
• European Stocks Flat Ahead of U.S. Data – Wall Street Journal
• ECB Debt Purchases Boost Euro- Financial Times
•Trichet Keeps Pressure on EU as Bond Program Buys Time- Bloomberg
•Fed Created Conflicts In Improvising Financial System Rescue – Bloomberg
USDCAD: Canada's employment change in November rose 15.2K after climbing 3.0K the month prior amid economists' expectations of 19.8K. At … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Join Me On Twitter And Facebook

Posted: 03 Dec 2010 03:40 AM PST

I find myself starting to post more regularly on Twitter and Facebook. The items are always concerned with topical economic and market issues, web links and graphs, and not about my breakfast or other useless information.  Recent examples included notes on Vietnam and uranium.
For those readers not doing so already, you can follow my "tweets" by clicking here. You may also consider joining me as a friend on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will States, Such As California, File Chapter 9?

Posted: 03 Dec 2010 03:38 AM PST

Are those large waves roiling the world of municipal finance–and centered on California–to be feared?
Are they an indication of an oncoming tsunami? Or are they to be discounted and taken as just another " Hey, dude, don't worry. Surf's up and let's ride!!"
Well, perhaps those less concerned about what is just 'off the coast' may care to 'break out their boards' but prudence dictates we take a harder look at what is causing the recent waves in the world of municipal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Taleb: Black Swan Wisdom

Posted: 03 Dec 2010 03:34 AM PST

Nassim Taleb, known worldwide for his book "The Black Swan" discusses his new book, "The Bed of Procrustes: Philosophical and Practical Aphorisms", and more with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The European Session

Posted: 03 Dec 2010 03:30 AM PST

Forex Pros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8468, up 0.001% at time of writing.

The pair was likely to find support at 0.8335, Wednesday's low, and resistance at 0.8515, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.32% to hit 1.3252 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Scary Picture: Spiraling U.S. Debt

Posted: 03 Dec 2010 03:27 AM PST

The graph below, courtesy of Citywire, shows the expected change in government debt in 2011 versus the current debt for a number of countries. As shown, U.S. debt is much higher than average and, like Greece and Ireland, will continue to grow in 2011.
A picture speaks a thousand words … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Joseph Stiglitz On American Banks

Posted: 03 Dec 2010 03:18 AM PST

Joseph Stiglitz, Nobel prize-winning economist, says banks are undermining the rule of law in America and bad mortgages still … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke Addresses Business Leaders In Ohio

Posted: 03 Dec 2010 03:15 AM PST

The video clip below features Federal Reserve Chairman Ben Bernanke holding a "Conversation on the Economy" with business leaders in Columbus, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The European Session

Posted: 03 Dec 2010 02:55 AM PST

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

USD/JPY was trading at 83.61, down 0.24% at time of writing.

The pair was likely to find support at 83.39, Wednesday's low, and resistance at 84.40, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.36% to hit 1.3258 and GBP/USD rising 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Retail Sales Rise More-than-expected

Posted: 03 Dec 2010 02:20 AM PST

Retail sales in the euro zone rose more-than-expected last month, official data showed on Friday.

In a report, Eurostat said that retail sales rose to 0.50%, from -0.20% in the preceding month .

Analysts had expected retail sales to rise 0.20% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The European Session

Posted: 03 Dec 2010 02:05 AM PST

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

GBP/USD was trading at 1.5671, up 0.45% at time of writing.

The pair was likely to find support at 1.5486, Tuesday's low, and resistance at 1.5672, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8458 and GBP/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The European Session

Posted: 03 Dec 2010 01:25 AM PST

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

EUR/USD was trading at 1.3233, up 0.17% at time of writing.

The pair was likely to find support at 1.2970, Tuesday's low, and resistance at 1.3301, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8450 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The European Session

Posted: 03 Dec 2010 12:45 AM PST

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

AUD/USD was trading at 0.9800, up 0.30% at time of writing.

The pair was likely to find support at 0.9539, Wednesday's low, and resistance at 0.9807, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.17% to hit 1.3498 and AUD/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The European Session

Posted: 03 Dec 2010 12:25 AM PST

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

NZD/USD was trading at 0.7570, up 0.25% at time of writing.

The pair was likely to find support at 0.7398, Tuesday's low, and resistance at 0.7575, today's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.04% to hit 1.2932 and EUR/NZD falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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