Monday, December 20, 2010

DailyMarkets.com - Looming Sugar Shortage Launches Sugar ETFs

DailyMarkets.com - Looming Sugar Shortage Launches Sugar ETFs

Looming Sugar Shortage Launches Sugar ETFs

Posted: 20 Dec 2010 07:18 PM PST

On Friday, concerns over future supplies of sugar pushed prices up to their highest levels since November 10th as inclement weather in the US and declining output in Brazil pave the path to projected shortages on the supply side of the commodity. 
Mother Nature is delivering one of the coldest weathers in the past decade throughout parts of the United States causing freezing temperatures in Florida to severely damage sugarcane crops and limit future production of sugar. 
Further … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session

Posted: 20 Dec 2010 07:10 PM PST

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

USD/CAD was trading at 1.0162, down 0.06% at time of writing.

The pair was likely to find support at 1.0032, Thursday's low, and resistance at 1.0209, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.34% to hit 1.3176 and GBP/USD rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The Asian Session

Posted: 20 Dec 2010 06:30 PM PST

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

AUD/USD was trading at 0.9970, up 0.35% at time of writing.

The pair was likely to find support at 0.9832, Thursday's low, and resistance at 0.9972, today's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.11% to hit 1.3232 and AUD/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 20 Dec 2010 06:05 PM PST

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

EUR/USD was trading at 1.3183, up 0.40% at time of writing.

The pair was likely to find support at 1.3094, Monday's low, and resistance at 1.3359, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8478 and EUR/JPY rising 0.23% 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: 20 Dec 2010 05:35 PM PST

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

EUR/JPY was trading at 110.23, up 0.21% at time of writing.

The pair was likely to find support at 109.58, Monday's low, and resistance at 111.94, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.38% to hit 1.3181 and EUR/GBP rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initiating Outperform On Pelangio (PX:TSXV)

Posted: 20 Dec 2010 05:05 PM PST

Steven Ralston, CFA

Today, we initiate coverage of Pelangio Exploration (PGXPF:OTCBB) and (PX: TSXV), with an Outperform rating. Pelangio is a Toronto-based junior gold exploration company proceeding with drilling programs in Ghana, where the company has two properties: Manfo and Obuasi. Very encouraging positive assay results from the first Manfo drilling program, which were announced in September and October, significantly increased shareholder value with the stock rallying from $0.41 to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The Asian Session

Posted: 20 Dec 2010 04:45 PM PST

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

GBP/JPY was trading at 129.96, up 0.001% at time of writing.

The pair was likely to find support at 129.58, Monday's low, and resistance at 131.64, Thursday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.001% to hit 1.5514 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session

Posted: 20 Dec 2010 03:55 PM PST

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

GBP/JPY was trading at 129.91, down 0.03% at time of writing.

The pair was likely to find support at 129.58, today's low, and resistance at 132.31, Wednesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.05% to hit 1.5506 and EUR/GBP falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session

Posted: 20 Dec 2010 03:50 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7408, down 0.16% at time of writing.

The pair was likely to find support at 0.7344, Thursday's low, and resistance at 0.7508, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.12% to hit 1.3404 and EUR/NZD rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CSC’s Insurance Offerings In Demand

Posted: 20 Dec 2010 03:05 PM PST

Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has inked a multi-year licensing agreement with a leading US insurance carrier. The insurance carrier is nationally ranked by A.M. Best Company, a credit rating firm focused on the banking and insurance sectors. Financial terms were not disclosed.
As per the agreement, Computer Sciences will license its Wealth Management Accelerator software, which will enable the insurance carrier to streamline its information technology systems … [visit site to read more] or compare Best Credit Cards and Best CD Rates

LAN Reduces Fares

Posted: 20 Dec 2010 03:05 PM PST

According to Reuters, Santiago based LAN Airlines S.A. (NYSE:LFL) is trying to reduce its fares on the Santiago-Sao Paulo route in order to get approval for the acquisition of Sao Paulo based, TAM S.A. (NYSE:TAM).
The merger, which was proposed in August 2010, will be christened as LATAM Airlines Group S.A. (“LATAM”). According to the agreement, LAN will become the parent company with a 73% stake in TAM and shareholders of TAM will receive 0.9 shares of LATAM for each share of TAM. It will be an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Influenced Fundamentals But The Technical Hold Support

Posted: 20 Dec 2010 02:59 PM PST

The market was ripe from a move lower in the EURUSD today. Worries about country issues in the Eurozone started to spread to worries about France and their credit rating. However, snow in Europe, the holiday week and good technical support against the 200 day moving average (at 1.3101), kept the pair supported.
Going into the new day, the market will be focused on the 200 day MA at the 1.3001 level. A break of the key MA will next focus on the 50% retracement of the longer term move up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why A More “Business Friendly” White House Won’t Mean More And Better Jobs In America

Posted: 20 Dec 2010 02:53 PM PST

One thing you can be sure of about President Barack Obama's White House over the next two years: It will be friendlier to business.
Not that the White House has been all that unfriendly so far – bailing out Wall Street, AIG, GM, and Chysler; giving windfalls to drug companies and health insurers; subsidies to energy companies; billions to domestic and military contractors.
But corporate America has been unhappy. Before the midterm elections, Verizon CEO and Business Roundtable chair Ivan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PKX Invests In STS Plant In Vietnam

Posted: 20 Dec 2010 02:35 PM PST

Korean steelmaker, POSCO (NYSE:PKX) announced investments to establish a cold-rolled stainless steel (STS) plant in Vietnam with an annual capacity of 200,000 tons. The plant is expected to be ready for commercial production by February 2012 and enable POSCO to tap the growing need for cold-rolled stainless steel in Vietnam.
The STS plant will be built in Vietnam's Nhon Trach Industrial Complex by POSCO VST, a Vietnam-based cold-rolled STS plant acquired by POSCO in October. POSCO VST has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CEMIG Announces Special Dividend

Posted: 20 Dec 2010 02:35 PM PST

Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, received approval for payment of a special dividend aggregating R$900 million, by its Board of Directors on December 16, 2010.
The special dividend, equivalent to R$1.319408855 per share, will be paid out of the company's Profit Reserve to shareholders with names on the company's Nominal Share Register as on December 16. The dividend payment date is fixed for  December 29, 2010.  
The special dividend … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tourism Spending Increases In 3rd Quarter By 8%

Posted: 20 Dec 2010 02:07 PM PST

From today’s BEA report: “Real spending on travel and tourism increased at an annual rate of 8.0 percent in 2010:3, following an increase of 3.4 percent in 2010:2. By comparison, real gross domestic product (GDP) increased 2.5 percent in 2010:3 after increasing 1.7 percent in 2010:2. While tourism spending outpaced overall growth in the economy, it still remains below its peak set in 2007:3 (see chart above).

Examining the components of real travel and tourism spending, passenger air … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IHG Grows In Latin America

Posted: 20 Dec 2010 02:05 PM PST

InterContinental Hotels Group Plc (NYSE:IHG), the world’s largest hotel group by number of rooms, continues to expand its footprint in Latin America with its recent opening at Maracaibo in Venezuela. The hotel features 14,500 square feet of meeting space including 252 rooms, 300 self-contained parking spaces, and ball-room as well as guest rooms along with other amenities. The hotel is owned by Venezuela-based Promociones Hoteleras S.A., under the InterContinental banner, and managed by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WellPoint Lobbies

Posted: 20 Dec 2010 02:05 PM PST

WellPoint, Inc. (NYSE:WLP) spent $1.1 million during the third quarter 2010 to lobby the federal government on issues tied to the recently passed health care reform bill. WellPoint spent an equal sum on lobbying during the second quarter of 2010, and a little less in the third quarter of 2009 as against the third quarter of 2010.
WellPoint lobbied the Congress, the Department of Health and Human Services and the Centers for Medicare and Medicaid Services.
Further, WellPoint lobbied the government … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 20 Dec 2010 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3126, down 0.49% at time of writing.

The pair was likely to find support at 1.3094, today's low, and resistance at 1.3378, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8463 and EUR/JPY falling 0.72% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Call Me What You Want

Posted: 20 Dec 2010 01:44 PM PST

Call me what you want — a fool, a permabear, or a stubborn old coot — I don’t care. I just want to know one thing: How can anybody talk about a U.S. economic “recovery” when, as the The Pew Research Center for the People & the Press reports in “For Public, Tough Year Ends on a Down Note,” a) Americans are becoming less enthusiastic about future prospects as time wears on, and b) a (very) large and growing number of them believe jobs are hard to find? [highlighting mine]
The survey finds … [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: 20 Dec 2010 01:40 PM PST

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

USD/JPY was trading at 83.76, down 0.27% at time of writing.

The pair was likely to find support at 83.63, today's low, and resistance at 84.51, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.53% to hit 1.3120 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABB Wins Orders

Posted: 20 Dec 2010 01:35 PM PST

ABB Ltd (NYSE:ABB) has won a $140 million order to build four electricity substations in Qatar and upgrade four others to help meet growing electricity demand.
ABB will design, manufacture and commission the new substations as part of a contract centered on the fast-growing greater Doha area.
Further, Swedish and Lithuanian power grid operators signed a €270 million contract with ABB, which will provide and install a 300 kilowatt HVDC cable for the NordBalt power interconnection.
ABB Ltd’s power … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 20 Dec 2010 01:25 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3122, down 0.52% at time of writing.

The pair was likely to find support at 1.3094, today's low, and resistance at 1.3378, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.37% to hit 0.8459 and EUR/JPY falling 0.80% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Down 0.12%

Posted: 20 Dec 2010 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.12%, the S&P 500 index gained 0.25%, while the Nasdaq 100 index climbed 0.21%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.46%; Germany's DAX gained 0.52%; Britain's FTSE 100 climbed 0.38%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pernix (PTX) “Mystery” Antitussive Candidate Revealed

Posted: 20 Dec 2010 01:06 PM PST

Brian Marckx, CFA,

Today Pernix Therapeutics (PTX) announced a joint venture with a U.K-based company for the development and commercialization of BC1036.  BC1036, also known as theobromine, is the highly-anticipated antitussive drug candidate that Pernix management had yet to disclose the name of but previously noted could have enormous potential.  Terms of the JV with SEEK, a U.K.-based drug incubator, were not disclosed in Pernix's press release.  

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

Accuray Sets Up “Medical Affairs”

Posted: 20 Dec 2010 01:05 PM PST

Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) has formed a new functional organization in an effort to boost data collection and utilization of its coveted CyberKnife robotic radiosurgery system.
The new organization, dubbed "Medical Affairs," will focus on offering strategic guidance on clinical processes and will play a vital role in furthering medical research and development and supporting the efforts of clinicians to advance the field of radiosurgery and improve … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telekomunikasi Mobile Growth Trims

Posted: 20 Dec 2010 01:05 PM PST

P.T. Telekomunikasi Indonesia Tbk. (NYSE:TLK), the largest telecom operator in Indonesia, recently announced that its wireless subscribers will grow year over year by 10-13% in 2011, much below a peak growth rate of 28-30% a couple of years ago. The company now expects its year-end 2010 wireless subscriber base to be around 94 million. This indicates a net addition of hardly 1 million wireless customers during the ensuing fourth quarter. Telekomunikasi is likely to add approximately 10-12 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 20 Dec 2010 12:45 PM PST

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

GBP/USD was trading at 1.5514, down 0.13% at time of writing.

The pair was likely to find support at 1.5455, Friday's low, and resistance at 1.5769, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.37% to hit 0.8459 and GBP/JPY falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initiating With An Outperform On Pelangio (PGXPF)

Posted: 20 Dec 2010 12:35 PM PST

Steven Ralson, CFA

Today, we initiate coverage of Pelangio Exploration (PGXPF) and (PX: TSX-V), with an outperform rating.
Pelangio is a Toronto-based junior gold exploration company proceeding with drilling programs in Ghana, where the company has two properties: Manfo and Obuasi. Very encouraging positive assay results from the first Manfo drilling program, which were announced in September and October, significantly increased shareholder value with the stock rallying from $0.41 to over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

St. Jude Intros Trifecta In Canada

Posted: 20 Dec 2010 12:35 PM PST

Medical devices major St. Jude Medical (NYSE:STJ) has officially commenced the Canadian launch of its new Trifecta pericardial aortic stented tissue valve, which is used as a replacement for the damaged or malfunctioning aortic heart valve (controls blood flow from the heart through entire body).
The launch of this next-generation tissue valve represents another major milestone for the Minnesota-based company. The first procedures were performed at the Providence Health Care, a leading health care … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rio Tinto Prices Offer

Posted: 20 Dec 2010 12:35 PM PST

Rio Tinto Plc. (NYSE:RIO) has priced 25.6 million shares of Cloud Peak Energy Inc.’s (CLD) offered under the secondary public at $19.50 each aggregating $499.2 million. On completion, Rio Tinto will have a 6.2% stake in the latter.
The underwriters also have a right to an over-allotment of 3.8 million shares, which if exercised will generate an additional $74.1 million.
Rio Tinto has also raised cash through divestitures, particularly the Alcan Inc. acquired in 2007. Rio Tinto's debt level had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marathon In Sale Deal With Statoil

Posted: 20 Dec 2010 12:35 PM PST

Marathon Petroleum Norge AS, a wholly owned subsidiary of Marathon Oil Corporation (NYSE:MRO), announced that it would sell its stake in the production licenses at the Norwegian Continental Shelf to partner and operator Statoil Petroleum AS. The total consideration of the deal is $85 million, with an effective date of January 1, 2011. The deal, pending Norwegian governmental approval, is expected to be completed in the first quarter of 2011.
Under the terms of the agreement, Statoil will acquire … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dominion Raises Dividend Payout

Posted: 20 Dec 2010 12:05 PM PST

Dominion Resources Inc. (NYSE:D) has revised its dividend policy for 2011, willing to return about 60%-65% of its operating earnings to shareholders in the form of dividends. This replaces the company's existing 2010 dividend policy targeting payout ratio of 55%.
Dominion Resources will now pay an annual dividend of $1.97 per share in 2011, compared to $1.83 to be paid this year. This lifts the company's dividend 7.7% over the targeted 2010 dividend rate.
Following the board declaration in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deckers To Outperform

Posted: 20 Dec 2010 12:05 PM PST

We recently upgraded our recommendation on Deckers Outdoor Corporation (NASDAQ:DECK), one of the leading designers and producers of innovative footwear and accessories, to Outperform with a price target of $90.00. Earlier we had a Neutral rating on the stock.
Deckers' sustained focus on new product introductions and geographic expansion has helped robust growth. The company's top line has increased at a CAGR of 32% in the last five fiscal years.
Deckers recently delivered better-than-expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citrix To Expand Globally

Posted: 20 Dec 2010 12:05 PM PST

Citrix Systems Inc. (NASDAQ:CTXS) is focusing on international (outside North America) expansion to augment its global market share in the virtualization, collaboration and cloud computing segments. Recently, the company has entered into a definite agreement to acquire Netviewer AG of Germany.
Netviewer is a privately held Software-as-a-Service solutions provider. This deal is expected to be closed by early 2011 although the financial terms are still undisclosed.
Netviewer has more than 18,000 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 20 Dec 2010 12:05 PM PST

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

USD/CAD was trading at 1.0177, up 0.36% at time of writing.

The pair was likely to find support at 1.0003, Wednesday's low, and resistance at 1.0209, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.51% to hit 1.3123 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 20 Dec 2010 11:15 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3119, down 0.54% at time of writing.

The pair was likely to find support at 1.3094, today's low, and resistance at 1.3378, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.48% to hit 0.8449 and EUR/JPY falling 0.76% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session

Posted: 20 Dec 2010 10:35 AM PST

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

AUD/USD was trading at 0.9934, up 0.53% at time of writing.

The pair was likely to find support at 0.9832, Thursday's low, and resistance at 0.9972, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 1.06% to hit 1.3205 and AUD/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The U.S. Session

Posted: 20 Dec 2010 10:00 AM PST

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

NZD/USD was trading at 0.7430, up 0.92% at time of writing.

The pair was likely to find support at 0.7344, Thursday's low, and resistance at 0.7508, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.34% to hit 1.3376 and EUR/NZD falling 1.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.52%

Posted: 20 Dec 2010 09:55 AM PST

Forex Pros – European stocks were up after the closing bell on Monday.

At the close of European trade, Germany's DAX rose 0.52%, London's FTSE 100 gained 0.38%, France's CAC 40 climbed 0.46% and the EURO STOXX 50 was up 0.62%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.17%; the S&P 500 index gained 0.22%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session

Posted: 20 Dec 2010 09:00 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3125, down 0.49% at time of writing.

The pair was likely to find support at 1.3094, today's low, and resistance at 1.3378, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.39% to hit 0.8457 and EUR/JPY falling 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Against Rivals In Thin Pre-holiday Trade

Posted: 20 Dec 2010 08:02 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as ongoing concerns over the European sovereign debt crisis and tensions on the Korean peninsula sapped risk appetite.

During European late afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.69% to hit 1.3098.

Late last week, a summit of European Union leaders agreed to form a permanent sovereign-debt resolution mechanism after 2013, but failed to expand the current bailout … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains, Re-approaches Daily Low

Posted: 20 Dec 2010 07:53 AM PST

Forex Pros – The pound erased gains against the U.S. dollar on Monday, slipping back towards the daily low as concerns over U.K. exposure to European debt weighed on sterling.

GBP/USD retreated from 1.5577, the daily high, to hit 1.5504 during European late afternoon trade, shedding 0.19%.

Cable was likely to find support at 1.5453, last Friday's low and a 3-month low and resistance at 1.5646, last Friday's high.

Earlier Monday, the U.K. Council of Mortgage Lenders said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bargain Shopping In Peru, Chile And Brazil

Posted: 19 Dec 2010 10:00 PM PST

Global Strategist Jacek Dzierwa has just returned from another research trip to Latin America where he visited Peru, Chile and Brazil. Travel is important for our tacit knowledge because many of the world's best opportunities aren't discovered behind a Bloomberg terminal or an earnings report. We venture to visit as many companies as possible before investing in them.
This was Jacek's first trip to Peru and the country "surprised to the upside." Another beneficiary of higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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