Tuesday, December 28, 2010

DailyMarkets.com - What Are Americans’ Top 3 Money Goals For 2011? Part 1 Of Our Special Series

DailyMarkets.com - What Are Americans’ Top 3 Money Goals For 2011? Part 1 Of Our Special Series


What Are Americans’ Top 3 Money Goals For 2011? Part 1 Of Our Special Series

Posted: 28 Dec 2010 07:35 AM PST

Has 2010 been good to you? For some of you, it may have been great, and for some of you, it may have been tough, but surely, we are all hoping 2011 would bring better things our way, especially when it comes to money.

We at DailyMarkets.com ask some Americans what their top 3 money or investing goals are for 2011. This is part 1 of our special year-end series.

Who: Dan Nainan
Location: New York City
Job: Comedian (Dan has performed at three presidential inaugural events, and has just … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GKK Completes Asset Sale

Posted: 28 Dec 2010 07:05 AM PST

Gramercy Capital Corp. (NYSE:GKK), a real estate investment trust (REIT), has recently completed the asset sale transaction worth $390.8 million, including the assumption of $265.6 million in debt. The assets were sold to SL Green Realty Corp. (NYSE:SLG), a New-York based publicly held REIT.
With the deal, Gramercy Capital was able to monetize non-controlling joint-venture interests in several properties, thereby increasing its liquidity and deleveraging its balance sheet. The company raised … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Divergences And Breakout Trading Lessons In Goldman Sachs

Posted: 28 Dec 2010 06:55 AM PST

Goldman Sachs has been a wild ride for both investors and traders this year, despite being a leading financial company.

As per usual practice, the chart gives us excellent examples of trading tactics we can use as a reference for the future.

Let's take a look specifically at Two Divergences and the resulting Two Breakouts in Goldman Sachs (NYSE:GS) shares and the lessons we can learn from them.

Volatility withstanding, Goldman Sachs shares appear poised to end 2010 right where … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Levels And Outlooks 12.28.2010 – GBP/JPY EUR/JPY EUR/GBP

Posted: 28 Dec 2010 06:45 AM PST

GBP/JPY Cracking 2010 Low at 126.43
Resistance 1: 128.00: R2 128.50-128.60; R3: 129.50-129.60
Targets: 123.50 (138.2%-150% extended retracement); 120 (near 119.40 2009-low)

- The GBP/JPY slid to the 126.50 level as expected and is now testing the 2010 low here (to be exact 126.43).
- The market has expanded a lot of energy, bringing both the 4H and daily RSI below 30. We can look for some near-term correction either in time (flattening) or price (rally).
- A rally should be checked near … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Kaplan Acquires J.Y. Monk

Posted: 28 Dec 2010 06:35 AM PST

With a view to enhance its educational sphere, Kaplan Inc., the subsidiary of The Washington Post Company (NYSE:WPO), recently acquired one of the leading real estate education provider, J.Y. Monk, based in North Carolina.
J.Y. Monk, which was founded in 1975, imparts pre and post licensing courses to brokers, exam oriented courses, and Broker-In-Charge Annual Review courses. The educational institute conducts classes in 36 locations reaching out to approximately 180,000 students.
J.Y. Monk, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Macy’s In Neutral Lane

Posted: 28 Dec 2010 06:35 AM PST

Macy's Inc. (NYSE:M) constant focus on price optimization, inventory management, merchandise planning and private label offering positions it to drive traffic, meet customer-oriented demand and improve in-store shopping experience.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's". The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Bank Of America, Barclays PLC, Citigroup, Credit Suisse Group, General Motors, Goldman Sachs Group, J P Morgan Chase & Co, Morgan Stanley, Wells Fargo & Company, Apple, Diodes Incorporated

Posted: 28 Dec 2010 06:35 AM PST

 JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS) Bank of America (NYSE:BAC), Barclays (NYSE:BCS) and Credit Suisse (NYSE:CS) have initiated coverage on General Motors (NYSE:GM)  All the analysts have started their coverage with “buy” or “outperform” ratings, with JP Morgan setting a price target of $44

 Apple (NASDAQ:AAPL) plans to release three versions of its much-anticipated iPad 2

 BMO initiated coverage of HiSoft Technology (HSFT) with “outperform” rating  and with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Tumbles To 7-week Low After Weak U.S. Housing Data

Posted: 28 Dec 2010 06:34 AM PST

Forex Pros – The U.S. dollar was down against its Canadian counterpart for the fifth consecutive day on Tuesday, tumbling to a fresh 7-week low and nearing an 8-month low in thin trade, following the release of weak U.S. housing data.

USD/CAD hit clawed up from 0.9978 during early U.S. trade, the pair's lowest since November 11; the pair subsequently consolidated at 0.9991, tumbling 0.76%.

The pair was likely to find support at 0.9929, the low of April 21 and an 8-month low, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rare Earth Mining Stocks Should Continue Run In 2011 As China Restricts Exports

Posted: 28 Dec 2010 06:32 AM PST

What is so rare as a day in June, the poet asks? The answer … a sector in play, on a perfect day. The rare earth sector is experiencing an explosion of investment interest as China continues to place restrictions on Rare Earth Oxides (REO).

Resource investors are drooling over the potential price explosion like Homer salivates for donuts. Every year around this time a new craze emerges to capture the imagination. We lived through hula hoops, Beanie Babies and Cabbage Patch Kids. Now … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Top Stories 12.28.2010: JPY Bursts Ahead, USD Sinks, As Japan Posts Stronger Industrial Production

Posted: 28 Dec 2010 06:26 AM PST

Japanese data today was rather upbeat, helping to spark gains for the JPY and to spur risk appetite in broader currency markets as higher yielders (EUR, AUD, GBP and others) gained on the USD. The Japanese data showed that industrial production rose for the first time in six months, that retail sales increased more than forecast and the unemployment rate held steady.

Industrial production, preliminary reading for November, rose 1.0% on the month, a bit higher than the 0.9% forecast. That … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Caution

Posted: 28 Dec 2010 06:20 AM PST

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


Japanese Yen: Under Pressure

Posted: 28 Dec 2010 06:20 AM PST

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


British Pound: Rebound

Posted: 28 Dec 2010 06:20 AM PST

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


Euro: Rebound

Posted: 28 Dec 2010 06:20 AM PST

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


Forex – NZD/USD Extends Gains, Hits Fresh 3-week High In Thin Trade

Posted: 28 Dec 2010 06:20 AM PST

Forex Pros – New Zealand's dollar extended gains against its U.S. counterpart on Tuesday, climbing to hit a fresh 3-week high, amid speculation that monetary tightening in China would not affect demand for raw materials and after downbeat U.S. housing data.

NZD/USD hit 0.7583 during early U.S. trade, the pair's highest since December 7; the pair subsequently consolidated at 0.7577, soaring 1.0%.

The pair was likely to find support at 0.7454, Monday's low, and resistance at 0.7665, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Aussie Extends Gains Vs U.S. Dollar, Re-approaches Record High

Posted: 28 Dec 2010 06:13 AM PST

Forex Pros – The Australian dollar extended gains against its U.S. counterpart on Tuesday, rallying to a fresh 7-week high and re-approaching an all-time high, amid speculation that monetary tightening in China would not affect demand for raw materials and after downbeat U.S. housing data.

AUD/USD hit 1.0149 during early U.S. trade, the pair's highest since November 9; the pair subsequently consolidated at 1.0145, soaring 0.98%.

The pair was likely to find support at 0.9987, Monday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Levels And Outlooks 12.28.2010 – USD/CAD AUD/USD Gold

Posted: 28 Dec 2010 06:06 AM PST

USD/CAD – Near-term target of 1.0100Resistance 1: 1.0050; R2 1.01-1.0110
Support 1: 0.9980- 1.00: S2: 0.98

- The USD/CAD pair is hammering at the 0.9980-1.0 level, breaking below parity to start the US session. It is at the support of a descending triangle seen in the daily time-frame. All that is saying is that the pair has been ranging but with bearish bias, and now it is once again trying to extend that bearish bias below 0.9980.
- The RSI is bearish in the 4H chart, but it is ranging, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cepheid’s New Xpert Flu For Europe

Posted: 28 Dec 2010 06:05 AM PST

Cepheid (NASDAQ:CPHD) recently launched Xpert Flu, as a CE IVD Mark product, in line with the European directive on in vitro diagnostic devices. This test operates on Cepheid’s GeneXpert System and concurrently identifies and differentiates Flu A, Flu B and 2009 H1N1 influenza virus in about an hour. Xpert Flu is expected to be marketed in the US in early 2011.
According to the company, while seasonal influenza strains are of usual public concern, the resurgence of 2009 H1N1 influenza virus, in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Simon’s New Retailer For Home Decor

Posted: 28 Dec 2010 06:05 AM PST

Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), has recently announced the introduction of a new global retailer to its retail mix in 'The Shops at Sunset Place', an open-air shopping mall in South Miami, Florida. CasaIdeas, a Chilean premier retailer specializing in stylish and affordable home-décor items, opened its first U.S. store in the Florida mall as part of its global expansion strategy.
With 70 exclusive designers working round-the-clock, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jolt For Regeneron’s Pipeline

Posted: 28 Dec 2010 06:05 AM PST

The US Food and Drug Administration (FDA) has meted out a severe blow to Regeneron Pharmaceuticals Inc. (REGN) and partner Sanofi-Aventis (SNY) by halting the development of REGN475/SAR164877, which was being developed for treating pain associated with osteoarthritis.
Regeneron stated that no study involving the candidate, aimed to inhibit a protein called nerve growth factor (NGF) associated with pain, is currently underway. Regeneron announced the FDA’s decision via a filing with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Thin Markets Trip Up Dollar

Posted: 28 Dec 2010 06:04 AM PST

The failure of the euro to weaken further through support below $1.3100 coupled with extremely thin holiday trading conditions have created the perfect bear trap in early North American trading on Tuesday. The dollar was already losing its recent momentum as investors wondered whether improving economic figures were dollar bullish or whether they would lend themselves to a more favorable environment for riskier propositions. The question was answered by another strong day for the Aussie … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – U.S. Dollar Broadly Lower Vs. Rivals Ahead Of Key U.S. Data

Posted: 28 Dec 2010 05:51 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday in thin trade leading to the end of the year, as markets awaited the release of key U.S. economic data on housing and consumer confidence.

With markets in the U.K., Australia, New Zealand and Canada closed for an extended Christmas break and many investors already away on year-end leave, trading volumes were low, resulting in volatile trade.

Meanwhile, during European afternoon trade, the greenback was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Plunges To 3-month Low Despite Intervention Threat

Posted: 28 Dec 2010 05:40 AM PST

Forex Pros – The euro snapped two days of gains against the yen on Tuesday, plunging to a 3-month low after official data showed that France's economy grew less than initially forecast in the third quarter and as markets shrugged off a threat a currency intervention by Japan.
.
EUR/JPY hit 108.10 during European afternoon trade, the pair's lowest since September 15, when Japan last intervened in currency markets; the pair subsequently consolidated at 108.19, plunging 0.74%.

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


Toyota Pays $10M Crash Compensation

Posted: 28 Dec 2010 05:35 AM PST

Some sources have leaked that ToyotaMotor Corp. (NYSE:TM) will pay $10 million to the family of four people killed in a car crash in August last year that triggered the largest-ever global recall of vehicles by the company. The lawyer of the victims’ family and the dealership that lent the Lexus to the family, have both confirmed the settlement amount.
The high-speed crash involved a 2009 Lexus ES350 that killed a California Highway Patrol officer and three members of his family near San Diego. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Levels And Outlooks 12.28.2010 – EUR/USD GBP/USD USD/JPY

Posted: 28 Dec 2010 05:31 AM PST

EUR/USD in a Bullish AttemptResistance: 1.3275: R2: 1.33
Support zone: 1.3180: S2: 130.50-130.60; S3: 129.70;

- The EUR/USD rallied above the bottoming action spotted coming out of the weekend. The RSI in the 4H chart actually reflects bullish momentum.
- Looking at the 1H chart, we see that there is a bearish divergence. If there is a correction to the rally, we should look at it as a throwback back towards the consolidation near 1.3150. The market should be supported above 1.3170 for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Tests Support Area For The Pair

Posted: 28 Dec 2010 05:18 AM PST

The EURUSD had a ceiling at the 1.3201 level until earlier today. When the price broke above that level in the first few hours of the trading today, the price scooted quickly higher. 
Now the pair is back down testing the support level.  The 38.2% of the weeks range is at the 1.3195 area.  A break below 1.3193 would not be welcomed and would likely indicate some additional choppy trading for the time being.  If support holds, watch the 1.3224 level above. It may be that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Euro Falls To 3-day Low Against Safe-haven Swiss Franc

Posted: 28 Dec 2010 05:16 AM PST

Forex Pros – The euro snapped three days of gains against the Swiss franc on Tuesday, falling to a 3-day low, after official data showed that France's economy grew less than previously estimated in the third quarter. 

EUR/CHF hit 1.2485 during European afternoon trade, the pair's lowest since December 23; the pair subsequently consolidated at 1.2511, tumbling 1.02%.

The pair was likely to find support at 1.2437, the low of December 22 and an all-time low, and resistance at 1.2698, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – U.S. Dollar Suffers Heavy Losses In Post-Christmas Trade

Posted: 28 Dec 2010 04:19 AM PST

Forex Pros – The U.S. dollar suffered heavy losses against its major counterparts on Tuesday in thin post-Christmas trade as markets awaited the release of a flurry of key U.S. economic data.

With markets in the U.K., Australia, New Zealand and Canada closed for an extended Christmas break and many investors already away on year-end leave, trading volumes were low, resulting in volatile trade.

Meanwhile, during European afternoon trade, the greenback was down against the euro, with EUR/USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Outlook 2011: Previewing The Active ETF Product Pipeline

Posted: 28 Dec 2010 04:00 AM PST

2010 was a good year for the ETF industry to say the least, with US assets breaching the $1 trillion mark and new product launches ramping up as the year came to a close, with a flood of freshly minted ETFs being listed in December. Many of these new products will be given a cold shoulder by investors, while some will thrive. That instant feedback provided by investor dollars is a crucial aspect of the ETF industry and highlights the level of competition in the space.
As fewer and fewer niches … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Re-approaches 4-day High In Choppy Trade

Posted: 28 Dec 2010 03:51 AM PST

Forex Pros – The pound re-approached a 4-day high against the U.S. dollar on Tuesday in thin post-Christmas trade volume, despite the release of downbeat industry data on U.K. retail sales.

GBP/USD hit 1.5488 during European morning trade, the pair's highest since December 22; the pair subsequently consolidated at 1.5480, jumping 0.38%.

The pair was likely to find support at 1.5369, Monday's low, and resistance at 1.5567, the high of December 21.

With markets in London closed for an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Euro Extends Gains, Hits 7-day High As U.S. Dollar Tumbles

Posted: 28 Dec 2010 03:27 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, rising to a fresh 7-day high in thin post-Christmas trade, after supportive comments made by a top European Commission official and after U.S. Treasury yields retreated.   

EUR/USD hit 1.3255 during European morning trade, the pair's highest since December 17; the pair subsequently consolidated at 1.3245, surging 0.60%.

The pair was likely to find support at 1.3071, Monday's low, and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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