Thursday, December 30, 2010

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session

Forex – EUR/USD Up During The Asian Session

Posted: 30 Dec 2010 06:05 PM PST

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

EUR/USD was trading at 1.3307, up 0.12% at time of writing.

The pair was likely to find support at 1.3079, Monday's low, and resistance at 1.3314, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8616 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session

Posted: 30 Dec 2010 05:35 PM PST

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

EUR/JPY was trading at 108.39, up 0.05% at time of writing.

The pair was likely to find support at 107.62, Thursday's low, and resistance at 109.52, Tuesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.05% to hit 1.3297 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The Asian Session

Posted: 30 Dec 2010 04:45 PM PST

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

GBP/JPY was trading at 125.79, up 0.001% at time of writing.

The pair was likely to find support at 125.51, Thursday's low, and resistance at 128.05, Tuesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.05% to hit 1.5434 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Commodities, USD, & Closing Out 2010

Posted: 30 Dec 2010 04:00 PM PST

12/31/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session

Posted: 30 Dec 2010 03:50 PM PST

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

NZD/USD was trading at 0.7714, up 0.10% at time of writing.

The pair was likely to find support at 0.7457, Monday's low, and resistance at 0.7726, today's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.18% to hit 1.3174 and EUR/NZD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Traders On Watch For Potential Short-Term Pullback

Posted: 30 Dec 2010 03:19 PM PST

Cusick's Corner
The market has been in a choppy range and in spite of good economic news, no one seems to be in the mood to expand current positions until we get into the New Year. While the fundamentals demand that you are either long or wrong, this over exuberance of positive sentiment placed traders on watch for a potential pullback, especially if short-term profiteers (like those who participated in the recent one-month 7% run up) get nervous and want to bank some of those profits. Watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SunOpta Secures Amended Credit

Posted: 30 Dec 2010 03:05 PM PST

Brampton, Canada-based SunOpta Inc. (NASDAQ:STKL) formerly known as Stake Technology Ltd., recently announced that under an amended credit facility, it has secured a two-year, new $135 million loan. The new loan includes a $105 million revolving credit and $30 million non revolving debt.
The company also has an option to raise an additional $30 million under the new credit facility if required. The new loan is held by a syndicate of lenders.
SunOpta, a leading global company focusing on natural, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OMAB Announces 5-Year Plan

Posted: 30 Dec 2010 02:35 PM PST

Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V (NASDAQ:OMAB) announced a Master Development Program (MDP) investments for the next five years for a total consideration of MXN$2,745.2 million. The five years include the period between fiscal 2011 to fiscal 2015. An additional MXN404.3 million will be invested in airport security improvements, of which 70% will be carried out in the first two years.
The intension for such investments is to expand the entire airport … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Scientific Games Wins Ontario Deal

Posted: 30 Dec 2010 02:35 PM PST

Scientific Games Corporation (NASDAQ:SGMS) announced that it has been awarded a five-year contract in competitive procurement process by the Ontario Lottery and Gaming Corporation to supply instant lottery tickets and printing services.
Although this is a five-year contract, it includes extension options for up to three years. Scientific Games will be the exclusive supplier of instant ticket printing services to Ontario Lottery, thereby helping the company to expand in Canada.
Based in New York … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four Stocks Gaining Momentum

Posted: 30 Dec 2010 02:27 PM PST

 ( click to enlarge )

Affymax, Inc. (NASDAQ:AFFY) broke out a short term consolidation pattern accompanied by good volume, indicating some bullish behavior and we could possibly see some continued upside movement. The trend since last week was “buy on dips” and today’s move just confirms this fact.

  ( click to enlarge )

American Oriental Bioengineering, Inc. (NYSE:AOB) successfully broke the resistance at $2.35 confirming a reversal from the previous downward trend. From the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ark Restaurants Profit Drops

Posted: 30 Dec 2010 02:05 PM PST

Ark Restaurants Corp.'s (NASDAQ:ARKR) fourth quarter 2010 earnings of 31 cents per share fell 18.4% from 38 cents in the prior-year quarter. The profit of the company declined primarily due to an extra week in the year-ago period.
Ark Restaurants said that total revenue in the fourth quarter declined 4.3% year over year to $32.0 million, as company-wide same-store sales dropped 7.3% year over year in the reported quarter.
The company's full-year earnings per share were 74 cents versus 87 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: DHI, APC

Posted: 30 Dec 2010 01:59 PM PST

12/30/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [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: 30 Dec 2010 01:55 PM PST

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

EUR/USD was trading at 1.3289, up 0.48% at time of writing.

The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3314, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.97% to hit 0.8614 and EUR/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 30 Dec 2010 01:40 PM PST

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

USD/JPY was trading at 81.56, down 0.07% at time of writing.

The pair was likely to find support at 81.29, today's low, and resistance at 82.98, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.48% to hit 1.3289 and GBP/USD falling 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raytheon Wins $52M Radar Contract

Posted: 30 Dec 2010 01:35 PM PST

Raytheon Company (NYSE:RTN) has received a $52 million contract to make APG-79 Active Electronically Scanned Array (AESA) radars for Naval Air Systems Command's  F/A-18 Super Hornet tactical aircraft.
This is Raytheon's third retrofit contract bringing the total orders for the update of block II F/A-18 to 57. The company will conduct operations for this program at its facilities in El Segundo, California; Andover, Massachusetts; Forest, Mississippi; and Dallas, Texas. Raytheon expects … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Noble Finds Oil In Israel

Posted: 30 Dec 2010 01:35 PM PST

Independent oil and gas company Noble Energy (NYSE:NBL) announced that it has made a natural gas discovery in the Leviathan field offshore Israel. The well drilled under the Rachel license, encountered a minimum of 220 feet of net natural gas in several subsalt Miocene intervals.
Noble Energy is working jointly with other operators in the Leviathan field. In Leviathan, Noble holds a 39.66% working interest, Delek Drilling and Avner Oil Exploration have 22.67% each and Ratio Oil Exploration has a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 30 Dec 2010 01:25 PM PST

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

EUR/USD was trading at 1.3288, up 0.47% at time of writing.

The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3314, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.98% to hit 0.8616 and EUR/JPY rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Not Friends. Without Benefits.

Posted: 30 Dec 2010 01:12 PM PST

If the following ConsumerAffairs.com report, “More Jobs Going to Freelance Workers.” is anything to go by, it appears that the social contract between employers and workers is being totally transformed into the economic equivalent of “friends with benefits” — except there’s no real friendship involved and only one side gets the benefit.
U.S. Bureau of Labor Statistics finds freelancers one of the few growing “job” categories
Research by The Human Capital Institute indicates that one-third of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 0.14%

Posted: 30 Dec 2010 01:10 PM PST

Forex Pros – U.S. stocks were down after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.14%, the S&P 500 index shed 0.15%, while the Nasdaq 100 index declined 0.27%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 1.03%; Germany's DAX shed 1.16%; Britain's FTSE 100 declined 0.42%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Daily US Dollar Index Roundup – 12/30

Posted: 30 Dec 2010 01:09 PM PST

The US Dollar Index (DXY) finished modestly lower after paring losses on the back of firmer economic data. Price-action dipped below recent platform support at 79.58 before bullish diverging intra-day studies triggered a corrective recovery. The region between the December 14th swing low and the key 38.2% retracement (78.82/79.22) is the next downside target for dollar bears. Meanwhile, only a move above trendline resistance near 80.10 will shift focus back towards the resistant 130-day … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Teradata To Take Over Aprimo

Posted: 30 Dec 2010 01:05 PM PST

A leading provider of Enterprise Data Warehousing (EDW) solutions, Teradata Corporation (NYSE:TDC) announced that it will acquire Aprimo, a leader in cloud-based integrated marketing software for approximately $525 million in cash.
The acquisition is expected to be completed in the first quarter of 2011. Aprimo products will continue to be marketed and sold under its own name once the acquisition closes. The takeover is expected to be slightly accretive to Teradata’s non-GAAP earnings per share in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The U.S. Session

Posted: 30 Dec 2010 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.5416, down 0.55% at time of writing.

The pair was likely to find support at 1.5346, Tuesday's low, and resistance at 1.5536, today's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.99% to hit 0.8616 and GBP/JPY falling 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: CarMax

Posted: 30 Dec 2010 12:35 PM PST

CarMax Inc. (NYSE:KMX) reported its earnings for the third quarter of its fiscal year 2011, ended November 30, 2010, on December 21, 2010, barely surpassing the Zacks Consensus Estimate by 2 cents per share. However, the market reacted negatively, with share prices falling subsequent to the earnings release due to the weak performance of CarMax Auto Finance and absence of the company's outlook.
Analysts were indifferent as well, without upgrading or downgrading the stock since the earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allstate Sues BofA On MBS Purchase

Posted: 30 Dec 2010 12:35 PM PST

On Monday, Allstate Corp. (NYSE:ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price decline.
However, Countrywide Financial was acquired by Bank of America Corp. (NYSE:BAC) (BofA) in July 2008. Accordingly, Allstate now directly demands for justice and penalty from the leading US bank. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session

Posted: 30 Dec 2010 12:05 PM PST

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

USD/CAD was trading at 0.9998, down 0.11% at time of writing.

The pair was likely to find support at 0.9975, Wednesday's low, and resistance at 1.0111, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.47% to hit 1.3288 and GBP/USD falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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