DailyMarkets.com - Stock Picks For Tuesday: DryShips, Oclaro, Google, GigaMedia

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• Stock Picks For Tuesday: DryShips, Oclaro, Google, GigaMedia
• MLB’s Average Salary Tops $3 Million
• The Day Ahead: FOMC Meeting, US Retail Sales, PPI
• Hot Option Plays: Sectors Showing Intraday Weakness
• SABESP Prices Its Notes Due 2020
• GD Gets Marine Vehicle Contract
• Buckeye Buys Assets In Puerto Rico
• S&P Upgrades Ratings On ACE
• Jacobs Wins Contract In Morocco
• Roche’s Herceptin Impresses
• N.Z. Retail Sales Fall More-than-expected
• NRG Energy Expands In New Mexico
• CSN To Acquire Spanish Assets
• Closing Bell Market Monitor: FDX, GAP
• Forex – EUR/USD Up At The End Of U.S. Session
• Ticking Higher All Over
• Forex – USD/JPY Down Toward The End Of U.S. Session
• NRG Energy Expands In New Mexico
• NRG Energy Expands In New Mexico
• MITI Presents Positive Data At ASH
• Omnicom: 3-Year Credit Extension
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Mixed At Close; Dow Jones Up 0.16%
• C.H. Robinson Hikes Dividend
• Life Technologies To Raise Funds
• NRG Energy Expands In New Mexico
• Contrarian Player Positions For Rebound In Cytokinetics Shares In 2011
• Forex – GBP/USD Up During The U.S. Session
• Thermo Fisher To Acquire Dionex
• Hot Option Plays: Lumbering Along
• Boeing-Air France Nexus Grows
• Paychex To Acquire SurePayroll
• SIRIUS XM Upgraded By S&P
• Forex – USD/CAD Down During The U.S. Session
• Forex – EUR/USD Up During The U.S. Session
• EU Debt Uncertainty Halts Euro Gains
• Forex – AUD/USD Up During The U.S. Session
• Forex – NZD/USD Up During The U.S. Session
• European Markets Close Higher; Dax Up 0.33%
• Forex – Dollar Down Across The Board Amid Risk Rally
• Forex – GBP/USD Reverses Losses Amid Growing Risk Appetite
• Forex – EUR/USD Surges To 4-day High As Risk Sentiment Improves

Stock Picks For Tuesday: DryShips, Oclaro, Google, GigaMedia Posted: 13 Dec 2010 05:08 PM PST ( click to enlarge ) DryShips Inc. (NASDAQ:DRYS) closed lower on the session but it was encouraging to see the intraday bounce from $6.23. If the rally continues tomorrow we should be good. The short-term trend on the daily chart remains bullish but if you’re looking for a new bullish entry point consider waiting for a dip near its 7-dma around $6.09. ( click to enlarge ) It was a rough day for Oclaro, Inc. (OCLR). Auriga downgraded the stock to “Hold” from “Buy”. The stock gave up 3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MLB’s Average Salary Tops $3 Million Posted: 13 Dec 2010 04:00 PM PST 12/13/10 Major League Baseball announced that for the first time ever, the average salary of big league players finished at over $3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: FOMC Meeting, US Retail Sales, PPI Posted: 13 Dec 2010 10:30 AM PST 12/13/10 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

Hot Option Plays: Sectors Showing Intraday Weakness Posted: 13 Dec 2010 03:18 PM PST Cusick's Corner The market hit resistance late in the day, broke it for a short time but pulled back to breakeven for the day. Now this is just a plateau that at this stage might be a healthy rest in a bigger uptrend. Tech (SMH), Transports and Retail (XRT) all showed intraday weakness. Retail, XRT, has been a leader with very little pullback, which could have been contributing factors to the weakness into the end of the day but as long as Finance leads, XLF, this current trend is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SABESP Prices Its Notes Due 2020 Posted: 13 Dec 2010 03:05 PM PST Sao Paulo, Brazil-based Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS), or SABESP, recently announced the pricing of its 6.25% Notes due 2020. The company will be issuing notes amounting to $350.0 million to qualified institutional investors outside Brazil. The proceeds of the notes issuance will be utilized to pay down SABESP's outstanding debts. The company's major portion of debt is long term in nature and is from national and international credit agencies like the BID … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GD Gets Marine Vehicle Contract Posted: 13 Dec 2010 03:05 PM PST GeneralDynamics Land Systems – Canada, a business unit of General Dynamics Corporation (NYSE:GD) received from the U.S. Marine Corps Systems Command a $317.4 million contract for upgrade kits under the Mine Resistant Ambush Protected (MRAP) vehicle program. The company expects to finish delivery of the kits by November 2011. GeneralDynamics Land Systems – Canada, located in London, Ontario, Canada, is a business unit of General Dynamics Land Systems of Sterling Heights, Michigan. General … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Buckeye Buys Assets In Puerto Rico Posted: 13 Dec 2010 03:05 PM PST Houston-based Buckeye Partners L.P. (NYSE:BPL) has acquired a refined petroleum products terminal in Puerto Rico from an associate of Royal Dutch Shell plc (RDS.A). Royal Dutch Shell has agreed, under a multi-year contract, to remain a key customer at the terminal. Located on the southeast coast of Puerto Rico, in Yabucoa, the terminal comprises 44 storage tanks with a storage capacity of roughly 4.6 million barrels. The terminal is capable of storing gasoline, jet fuel, diesel, fuel oil, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

S&P Upgrades Ratings On ACE Posted: 13 Dec 2010 02:35 PM PST The financial strength and counterparty credit ratings of  ACE Limited's (NYSE:ACE) core operating insurance companies have been upgraded to "AA-" (Very Strong) by Standard & Poor’s Ratings Services (S&P). The outlook remains stable. The operating companies include those of core North America, Europe and Bermuda. The rating upgrade by the agency is based on the company's continued strong operating performance, solid competitive position, positive management and corporate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jacobs Wins Contract In Morocco Posted: 13 Dec 2010 02:35 PM PST A subsidiary of Jacobs Engineering Group Inc. (NYSE:JEC), Jacobs Engineering SA (JESA), a joint venture with OCP S.A (OCP), agreed to provide services for OCP’s Diammonium Phosphate (DAP) and Monoammonium Phosphate (MAP) production plant, to be built in Jorf Lasfar, Morocco. According to the agreement Jacobs will be serving the production plants with its engineering, procurement and construction services. At the beginning of the month Jacobs received contracts from Gatwick Airport Limited (GAL), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roche’s Herceptin Impresses Posted: 13 Dec 2010 02:35 PM PST Roche Holdings Ltd. (RHHBY) recently reported positive mid-stage data on Herceptin given in combination with pertuzumab and docetaxel in women with early-stage, HER2-positive breast cancer. In a phase II trial (NEOSPHERE), the two drugs – Herceptin and pertuzumab – along with docetaxel were administered to patients prior to surgery. The study demonstrated that the combination drug increased the rate of complete tumor disappearance (45.8%) in the breast, as compared with patients who were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

N.Z. Retail Sales Fall More-than-expected Posted: 13 Dec 2010 02:15 PM PST Retail sales in New Zealand fell more-than-expected last month, official data showed on Monday. In a report, Statistics New Zealand said that retail sales fell to -2.50%, from 1.70% in the preceding month whose figure was revised up from 1.60%. Analysts had expected retail sales to fall -0.80% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Expands In New Mexico Posted: 13 Dec 2010 02:05 PM PST NRG Energy Inc. (NYSE:NRG), through its subsidiary NRG Solar, plans to make its first appearance in New Mexico by year-end 2010. The company will start construction of its first generation site in New Mexico, at the Roadrunner Solar Electric Facility near Santa Teresa. The Roadrunner facility, a 20 megawatt (MW) photovoltaic solar project, will be located about 10 miles from El Paso, Texas, on a 210-acre privately owned parcel of industrial-zoned land near Santa Teresa. The facility will be one of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CSN To Acquire Spanish Assets Posted: 13 Dec 2010 02:05 PM PST Brazil-based Companhia Siderúrgica Nacional (NYSE:SID), or CSN, aims at strengthening its portfolio by acquiring steel and cement assets in Spain. The steelmaker entered into talks with Grupo Alfonso Gallardo, S.L.U. (AG Group) to acquire the latter’s interest in Cementos Balboa S.A. (Balboa), Corrugados Azpeitia, S.L. (Azpeitia) and Corrugados Lasao, S.L.U. (Lasao). As per the memorandum of understating (MOU) signed, the transaction is valued at approximately €352 million with an additional … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: FDX, GAP Posted: 13 Dec 2010 02:04 PM PST 12/13/10 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: 13 Dec 2010 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3394, up 1.25% at time of writing. The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3433, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.90% to hit 0.8445 and EUR/JPY rising 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ticking Higher All Over Posted: 13 Dec 2010 01:54 PM PST In “What’s It Going to Be?” I asked whether higher interest rates should be seen as a positive or negative for the U.S. housing market (and by extension, the economy), citing two conflicting mainstream media reports. I assume most regular visitors to Financial Armageddon quickly figured out which perspective was logical and realistic and which was delusional spin. With that in mind, it’s worth noting that yields aren’t just rising in the U.S.; they are ticking higher in most major countries … [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: 13 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 83.44, down 0.60% at time of writing. The pair was likely to find support at 83.11, today's low, and resistance at 84.35, today's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.21% to hit 1.3388 and GBP/USD rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Expands In New Mexico Posted: 13 Dec 2010 01:35 PM PST NRG Energy Inc. (NYSE:NRG), through its subsidiary NRG Solar, plans to make its first appearance in New Mexico by year-end 2010. The company will start construction of its first generation site in New Mexico, at the Roadrunner Solar Electric Facility near Santa Teresa. The Roadrunner facility, a 20 megawatt (MW) photovoltaic solar project, will be located about 10 miles from El Paso, Texas, on a 210-acre privately owned parcel of industrial-zoned land near Santa Teresa. The facility will be one of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Expands In New Mexico Posted: 13 Dec 2010 01:35 PM PST NRG Energy Inc. (NYSE:NRG), through its subsidiary NRG Solar, plans to make its first appearance in New Mexico by year-end 2010. The company will start construction of its first generation site in New Mexico, at the Roadrunner Solar Electric Facility near Santa Teresa. The Roadrunner facility, a 20 megawatt (MW) photovoltaic solar project, will be located about 10 miles from El Paso, Texas, on a 210-acre privately owned parcel of industrial-zoned land near Santa Teresa. The facility will be one of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MITI Presents Positive Data At ASH Posted: 13 Dec 2010 01:35 PM PST Recently, biopharmaceutical company, Micromet Inc. (NASDAQ:MITI) presented updated durability data from a phase II study of its blood cancer pipeline drug blinatumomab (MT103) at the annual meeting of the American Society of Hematology (ASH). The phase II study was evaluating the safety and efficacy of blinatumomab in adult patients with minimal residual disease (MRD) positive acute lymphoblastic leukemia (ALL), a type of blood cancer. The data showed that binatumomab prolonged remissions in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Omnicom: 3-Year Credit Extension Posted: 13 Dec 2010 01:35 PM PST Omnicom Group Inc. (NYSE:OMC) recently extended its multiyear $2.0 billion revolving credit facility for three years until December 2013. In the above agreement, Omnicom also has the option to increase its commitment from $2.0 billion to $2.5 billion. However, at the end of the third quarter of fiscal 2010, Omnicom reported a decrease in net debt compared with the previous quarter as well as the third quarter of fiscal 2009. At the end of the quarter, net debt was $1.5 billion, down from $1.7 … [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: 13 Dec 2010 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3391, up 1.23% at time of writing. The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3433, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.88% to hit 0.8444 and EUR/JPY rising 0.61% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Up 0.16% Posted: 13 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 rose 0.16%, the S&P 500 index gained 0.00%, while the Nasdaq 100 index declined 0.36%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.91%; Germany's DAX gained 0.33%; Britain's FTSE 100 climbed 0.82%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

C.H. Robinson Hikes Dividend Posted: 13 Dec 2010 01:05 PM PST The board of directors of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) recently increased the company's quarterly cash dividend on its common stock by 16% to 29 cents per share. The company will pay the dividend on January 3, 2011 to shareholders of record, at the close of business, on December 10, 2010.   The rise in dividend was mainly driven by higher volumes across all its segments followed by steady growth in revenues and earnings over the past several years. C.H. Robinson has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Life Technologies To Raise Funds Posted: 13 Dec 2010 01:05 PM PST Life Technologies (LIFE) is raising funds in two installments of $400 million each – 3.5% senior notes due 2016 (issued at 99.84% of the face value) and 5% senior notes due 2021 (issued at 99.556 % of the face value). Apart from general corporate purposes, proceeds of the issue will be utilized to meet the company's debt repayment schedule. At the end of the third quarter of 2010, Life Technologies had $2.3 billion of debt consisting of $800 million (after retiring $350 million of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Expands In New Mexico Posted: 13 Dec 2010 01:05 PM PST NRG Energy Inc. (NYSE:NRG), through its subsidiary NRG Solar, plans to make its first appearance in New Mexico by year-end 2010. The company will start construction of its first generation site in New Mexico, at the Roadrunner Solar Electric Facility near Santa Teresa. The Roadrunner facility, a 20 megawatt (MW) photovoltaic solar project, will be located about 10 miles from El Paso, Texas, on a 210-acre privately owned parcel of industrial-zoned land near Santa Teresa. The facility will be one of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Contrarian Player Positions For Rebound In Cytokinetics Shares In 2011 Posted: 13 Dec 2010 12:54 PM PST Contrarian player positions for rebound in Cytokinetics shares in 2011 Today’s tickers: CYTK, SNDK, XCO, GIII & CFN Cytokinetics, Inc. (NASDAQ:CYTK) – One bullish options investor appears to be taking advantage of the massive pullback in the price of the biopharmaceutical company’s shares today by initiating a sizeable buy-write strategy using call options expiring in June of 2011. Cytokinetics’ shares fell as much as 23.2% during the session to touch an intraday low of $2.25 despite seemingly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The U.S. Session Posted: 13 Dec 2010 12:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Monday. GBP/USD was trading at 1.5868, up 0.41% at time of writing. The pair was likely to find support at 1.5669, Wednesday's low, and resistance at 1.5896, today's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.85% to hit 0.8441 and GBP/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thermo Fisher To Acquire Dionex Posted: 13 Dec 2010 12:35 PM PST Thermo Fisher (NYSE:TMO) has decided to acquire California based Dionex Corporation (NASDAQ:DNEX), a leading manufacturer and marketer of chromatography systems for $118.50 per share or total consideration of $2.1 billion. The offer price is at 21% premium over the closing price of Dionex as on December 10. This acquisition is expected to result in $60 million of operating synergies in three years after the transaction is closed. Synergies are to be achieved through cost savings and higher revenues. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Lumbering Along Posted: 13 Dec 2010 12:18 PM PST Cusick's Corner Until a negative headline hits the wires, this grind up is the action of the day. For the contrarian this kind of market is a slow death and from experience should not be the course of action no matter how right you feel. One note, seeing some movement in the Lumber markets, LBF11 +2.10, which might be a signal that construction is on the mend. This is a doubled edged sword in that building costs are going up but also might be a base and potential positive move in the Housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing-Air France Nexus Grows Posted: 13 Dec 2010 12:05 PM PST The Boeing Company’s (NYSE:BA) direct delivery of its 200th jetliner, a 777-300 ER, to Paris based Air France reflects a strong bond between these two major companies. Boeing will deliver Air France one 777 Freighter in 2011 and 11 777-300ERs through 2015. Air France has been loyal to Boeing’s 777 series model. Air France first ordered 777-200ERs in 1996 and was the first customer for the 777-300ER in 2000 and for the 777 Freighter in 2005. Air France will be operating 61 777 passenger airplanes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Paychex To Acquire SurePayroll Posted: 13 Dec 2010 12:05 PM PST New York-based outsourcing service provider Paychex Inc. (NASDAQ:PAYX) announced that it will acquire online payroll solutions provider, SurePayroll Inc. for a total consideration of $115.0 million in cash. The deal is expected to be wrapped up by the end of this month. After the acquisition, SurePayroll will operate as a wholly owned subsidiary of Paychex. SurePayroll's user-friendly online payroll solutions are specifically targeted at small businesses. It serves about 30,000 small businesses … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SIRIUS XM Upgraded By S&P Posted: 13 Dec 2010 12:05 PM PST Satellite radio service provider SIRIUS XM Radio Inc. (NASDAQ:SIRI) received a shot in the arm as Standard & Poor's (S&P) upgraded its credit rating from "B+" to "BB-". S&P declared that improved operating performance and declining debt leverage of SIRIUX XM are the primary reasons for this upgrade. Overall, the S&P rating outlook for SIRIUS XM is stable. Recently, the company achieved a milestone, touching the 20 million subscriber base, which is a historic high. SIRIUS XM … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 13 Dec 2010 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 1.0073, down 0.20% at time of writing. The pair was likely to find support at 1.0029, today's low, and resistance at 1.0141, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.32% to hit 1.3402 and GBP/USD rising 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The U.S. Session Posted: 13 Dec 2010 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3416, up 1.43% at time of writing. The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3433, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.98% to hit 0.8452 and EUR/JPY rising 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EU Debt Uncertainty Halts Euro Gains Posted: 13 Dec 2010 11:08 AM PST 12/13/10 With European government officials continuing to disagree as to how to approach the debt crisis, risk appetite continued to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session Posted: 13 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 0.9979, up 1.27% at time of writing. The pair was likely to find support at 0.9753, Wednesday's low, and resistance at 0.9985, today's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.22% to hit 1.3455 and AUD/JPY rising 0.33% 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: 13 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 0.7560, up 1.04% at time of writing. The pair was likely to find support at 0.7436, Wednesday's low, and resistance at 0.7577, Wednesday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.06% to hit 1.3161 and EUR/NZD rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.33% Posted: 13 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 0.33%, London's FTSE 100 gained 0.82%, France's CAC 40 climbed 0.91% and the EURO STOXX 50 was up 0.56%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.37%; the S&P 500 index gained 0.37%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Across The Board Amid Risk Rally Posted: 13 Dec 2010 07:39 AM PST Forex Pros – The U.S. dollar gave up early gains, turning lower against its major counterparts on Monday, as strong Chinese data fuelled hopes for global growth and after Beijing's unexpected decision to hold interest rates steady. During European late afternoon trade, the greenback was down against the euro, with EUR/USD jumping 1.06% to hit 1.3369. Earlier Monday, the European Central Bank said it increased its bond purchases last week as investors remained concerned about … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Reverses Losses Amid Growing Risk Appetite Posted: 13 Dec 2010 07:24 AM PST Forex Pros – The pound reversed losses against the U.S. dollar on Monday, rebounding from a 2-day low, as risk appetite sharpened after China's unexpected decision to hold interest rates at current levels. GBP/USD clawed up from 1.5720, the pair's lowest since last Thursday, to hit 1.5820 during European afternoon trade, gaining 0.10%. Cable was likely to find support at 1.5580, the low of December 3 and resistance at 1.5964, the high of November 23. Investor sentiment was boosted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Surges To 4-day High As Risk Sentiment Improves Posted: 13 Dec 2010 07:09 AM PST Forex Pros – The euro extended gains against the U.S. dollar on Monday, rising steadily to hit a 4-day high as risk appetite improved after China's unexpected decision to keep interest rates on hold over the weekend. EUR/USD hit 1.3339 during European afternoon trade, the pair's highest since December 7; the pair subsequently consolidated at 1.3332, surging 0.78%. The pair was likely to find support at 1.3164, the low of December 9 and short-term resistance at 1.3421, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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