Friday, January 14, 2011

DailyMarkets.com - 4 Reasons Why You Should Review Your Credit Report And Credit Score Regularly

DailyMarkets.com - 4 Reasons Why You Should Review Your Credit Report And Credit Score Regularly

4 Reasons Why You Should Review Your Credit Report And Credit Score Regularly

Posted: 14 Jan 2011 07:29 AM PST

I've heard this same question from many people: "Why should I bother reviewing my credit report? Isn't that only for people who want to know my credit score so as to give me a mortgage, a loan or something of the sort?"

Well, the reality is that your credit report, apart from being a means for creditors and others to know your creditworthiness, is also meant for you to review and to make sure no mistakes were made in the report which could mislead creditors or other people requesting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is All Well Again In The EU?

Posted: 14 Jan 2011 07:19 AM PST

Today’s Idea
Although it is an old trading adage not to sell into a short-covering rally, some traders who believe that any rally in the Eurocurrency is an opportunity to get short the market may wish to explore option trading strategies to help limit the potential risk should the short-covering buying continue. Some traders with a longer-term bearish slant may wish to investigate the purchase of a bear put spread in Eurocurrency options. For example, with the March Euro trading at 1.3353 as of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A New ETF To Play Gold’s Appeal

Posted: 14 Jan 2011 07:19 AM PST

As the appeal for commodities, in particularly, gold continues to rise, ETF provider, ETF Securities recently announced another first-to-market ETF, the ETFS Physical Asian Gold Shares (AGOL).
AGOL is the first U.S. precious metals product to be vaulted in Asia as its custody will store all of its physical gold bars in secure London Bullion Market Association approved vaults in Singapore, as stated in its prospectus.  From an investment perspective, the objective of AGOL is to reflect … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Above Intraday Ceiling

Posted: 14 Jan 2011 07:12 AM PST

Life’s New Kit For Eggs

Posted: 14 Jan 2011 07:10 AM PST

Recently, Life Technologies Corporation (LIFE) has received approval from the US Food and Drug Administration (FDA) for TaqMan, Salmonella enteritidis (SE) detection kit which has been developed in collaboration with the University of Pennsylvania School of Veterinary Medicine. The PCR (polymerase chain reaction) based kit is able to test the presence of SE in poultry eggs much faster. While the traditional method takes approximately 10 days to provide results, this test can provide results … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up On Economic Data, Earnings

Posted: 14 Jan 2011 07:10 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

EUR/USD was trading at 1.3397, up 0.24% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3456, today's high.

Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell unexpectedly to a seasonally adjusted 72.70 last month from 74.50 in the preceding month.

Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CNPC Shines Overseas

Posted: 14 Jan 2011 07:05 AM PST

China National Petroleum Corporation ("CNPC"), the parent company of China Petroleum and Chemical Corporation (SNP or Sinopec), reported a record production of 1.73 million barrels of oil equivalent per day (MMBoe/d) in its overseas market last year. Foreign market production climbed 13.9% in 2010 from the 2009 level. However, the Chinese state-owned company saw sluggish domestic gas output over the year, with production growth falling below 10% for the first time in eight years. 
Last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: American Electric Power Company, Citigroup, Consolidated Edison, Deutsche Bank AG, Embraer-Empresa Brasileira De Aeronautica, General Motors, Goldman Sachs Group, J P Morgan Chase & Co, Patriot Coal, Expedia, Intel Corporation

Posted: 14 Jan 2011 07:05 AM PST

 Intel (NASDAQ:INTC) reported fourth quarter earnings of $0.59, ahead of the Zacks Consensus Estimate of  $0.53, on revenues of $11.5 billion beating the Zacks Consensus Estimate of $10.73 billion. Gross profit margins came in at 67.5%. The firm lifted first quarter sales projections to $11.1 billion to $11.9 billion, above the Zacks Consensus Estimate for $10.62 billion and provided capex plans of $9 billion this year, up from $3.8 billion last
 
 JP Morgan (NYSE:JPM) posted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up On Economic Data

Posted: 14 Jan 2011 07:00 AM PST

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

GBP/USD was trading at 1.5878, up 0.25% at time of writing.

The pair was likely to find support at 1.5476, Monday's low, and resistance at 1.5884, Thursday's high.

Earlier in the day, official data showed that consumer price inflation in the U.S. rose more-than-expected to a seasonally adjusted 0.50% last month, from 0.10% in the preceding month.

Analysts had expected CPI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. UoM Consumer Sentiment Falls Unexpectedly

Posted: 14 Jan 2011 07:00 AM PST

U.S. UoM consumer sentiment fell unexpectedly last month, preliminary data showed on Friday.

In a report, the University of Michigan said that consumer sentiment fell to a seasonally adjusted 72.70, from 74.50 in the preceding month.

Analysts had expected UoM consumer sentiment to rise to 75.50 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Friday, January 14, 2011 Special Alert

Posted: 14 Jan 2011 06:49 AM PST

As we said in our update last night we were thinking about adding the US Dollar Long ETF (symbol: UUP) and Euro Short ETF (symbol: EUO) to our watch list.  As we write this both ETFs are sitting at their market open prices for today.  Therefore we adding the US Dollar Long ETF (symbol: UUP) at $22.80 and Euro Short ETF (symbol: EUO) at $20.30 to our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The European Session

Posted: 14 Jan 2011 06:40 AM PST

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

GBP/JPY was trading at 131.27, up 0.08% at time of writing.

The pair was likely to find support at 128.33, Monday's low, and resistance at 131.60, today's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.15% to hit 1.5863 and EUR/GBP falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A $74M Order In Cameron’s Kitty

Posted: 14 Jan 2011 06:35 AM PST

Oilfield equipment provider, Cameron International Corporation (CAM) announced that it has been awarded a supply order worth $74 million by Petrobras (PBR).
Under the terms of the contract, Cameron will deliver 27 subsea trees and related equipment to Petrobras. These equipages will be used for the development of the latter's offshore fields in Brazil. Cameron will supply the trees over a period of four years commencing from the first quarter of 2011.
This agreement forms the last leg of a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NetApp To Acquire Akorri Networks

Posted: 14 Jan 2011 06:35 AM PST

Storage and data management solutions provider NetApp Inc. (NASDAQ:NTAP) sealed a definitive agreement to acquire Akorri Networks Inc. in an all-cash deal. The deal value has not yet been disclosed. NetApp expects the deal to be wrapped up by the end of its fourth quarter.
Massachusetts-based Akorri Networks' flagship BalancePoint software, which is used for capacity analytics, helps to analyze and virtualize data center operations, with a focus on managing and tracking storage capacity. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Industrial Production Rises More-than-expected

Posted: 14 Jan 2011 06:30 AM PST

U.S. industrial production rose more-than-expected last month, official data showed on Friday.

In a report, the Federal Reserve said that industrial production rose to 0.80%, from 0.30% in the preceding month whose figure was revised down from 0.40%.

Analysts had expected industrial production to rise 0.40% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 14 Jan 2011 06:19 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: 14 Jan 2011 06:19 AM PST

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

British Pound: Rebound Expected

Posted: 14 Jan 2011 06:19 AM PST

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

Euro: Rebound Expected

Posted: 14 Jan 2011 06:19 AM PST

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

Forex – USD/CAD Up On Economic Data

Posted: 14 Jan 2011 06:10 AM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Core Retail Sales.

USD/CAD was trading at 0.9934, up 0.44% at time of writing.

The pair was likely to find support at 0.9848, Wednesday's low, and resistance at 0.9983, Monday's high.

Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.50% last month from 1.00% in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pension Plan: A Blow To AT&T 4Q

Posted: 14 Jan 2011 06:05 AM PST

AT&T Inc. (NYSE:T), the second largest mobile service provider in the U.S., announced that it will incur non-cash pre-tax charge of $2.7 billion or 28 cents per share in the fourth quarter of 2010 related to a change in pension accounting. The market seems to have reacted positively to AT&T's move with its share price climbing 4 cents yesterday.
The $2.7 billion charge stems from the reduction in the pension benefit plan discount rate to 5.8% from 6.5%, partially offset by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE Acquires Lineage Power

Posted: 14 Jan 2011 06:05 AM PST

General Electric Company (NYSE:GE) has agreed to acquire privately held Lineage Power Holdings, Inc., from The Gores Group, LLC.
Lineage Power is a provider of high-efficiency power conversion infrastructure technology and services for the telecommunications and datacenter industries. 
The acquisition will enable GE Energy technology to be utilized in the $20 billion per year power conversion industry where the demand for uninterrupted, high-quality power is driven by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data

Posted: 14 Jan 2011 06:00 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3364, down 0.01% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3456, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose less-than-expected to a seasonally adjusted 0.60% last month, from 0.80% in the preceding month.

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

Forex Trading: USDCHF Trading Between The Goal Post

Posted: 14 Jan 2011 05:58 AM PST

Forex – NZD/USD Down During The European Session

Posted: 14 Jan 2011 05:50 AM PST

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

NZD/USD was trading at 0.7677, down 0.43% at time of writing.

The pair was likely to find support at 0.7562, Tuesday's low, and resistance at 0.7728, Thursday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.58% to hit 1.2864 and EUR/NZD rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

POSCO’s 4Q Net Results Dip Q/Q

Posted: 14 Jan 2011 05:45 AM PST

Korean steelmaker, POSCO (NYSE:PKX) reported its fourth quarter and fiscal year 2010 financial results on January 13, 2011. Net income plummeted 49.6% sequentially to KRW 526 billion or KRW 6,029 per share (US$1.33 per ADR). The fall was due largely to weak global demand and higher raw material costs.
Net income for the fiscal year 2010 jumped 32.5% year over year to KRW 4,203 billion (US$3.6 billion). Earnings per share were KRW 48,172 (US$10.38 per ADR).
Revenue
POSCO reported healthy top-line … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Consumer Price Inflation Rises More-than-expected

Posted: 14 Jan 2011 05:45 AM PST

Consumer price inflation in the U.S. rose more-than-expected last month, official data showed on Friday.

In a report, the Bureau of Labor Statistics said that CPI rose to 0.50%, from 0.10% in the preceding month .

Analysts had expected CPI to rise 0.40% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Retail Sales Rise Less-than-expected

Posted: 14 Jan 2011 05:45 AM PST

Retail sales in the U.S. rose less-than-expected last month, official data showed on Friday.

In a report, the Census Bureau said that retail sales rose to a seasonally adjusted 0.60%, from 0.80% in the preceding month .

Analysts had expected retail sales to rise 0.70% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Inflation Fears Send Euro Surging

Posted: 14 Jan 2011 05:45 AM PST

The single currency has found its wings following inflationary concerns expressed by two ECB members in what may yet become a rerun of the monetary tightening fears surrounding the U.S. in the fourth quarter. The return to a focus on economic fundamentals is a boon for the euro as ECB President Trichet deflects the burning sovereign debt issue, warning implicitly that interest rate medicine might yet be on the agenda sometime in 2011. The shift in emphasis from indebtedness to inflation is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up During The European Session

Posted: 14 Jan 2011 05:25 AM PST

Forex Pros – The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2906, up 0.21% at time of writing.

The pair was likely to find support at 1.2433, Monday's low, and resistance at 1.2952, today's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.05% to hit 1.3358 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch For Friday: Intel, GlaxoSmithKline, Merck, Genzyme, BHP Billiton, Bristol-Myers Squibb

Posted: 14 Jan 2011 05:05 AM PST

Marks and Spencer – UK papers comment on yesterday's rumours that the co. maybe a takeover target as was covered by RANsquawk. Names mentioned this morning include Philip Green, Qatar Investment Authority, Apax and Carlyle. (Independent/Daily Mail)

UK

GlaxoSmithKline (NYSE:GSK) – An experimental malaria vaccine from co. provides African children with long-lasting protection, though its effectiveness declines slightly over time, according to a trial data published on Friday. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intel Offers Encouraging Outlook

Posted: 14 Jan 2011 05:05 AM PST

Intel Corp (NASDAQ:INTC) reported fourth quarter earnings of 60 cents per share that beat the Zacks Consensus Estimate by 7 cents. Shares appreciated 2.11% in after-market trading.
We went into the numbers with primarily three things in mind – the server, client and emerging markets businesses. We noticed that Intel continues to tout these three areas as the drivers of future growth.
However, fourth quarter numbers indicate that while Intel's server business continues to outperform, growth in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Dollar Rallies Against All Major Currencies Ahead Of U.S. Inflation Report

Posted: 14 Jan 2011 05:00 AM PST

        
Fundamental Headlines
• Euro-Zone Inflation Hits 2-Yaer High– Wall Street Journal
• China Raises Banks' Reserve Requirements – Wall Street Journal
• China Eases Corporate Rules on Renminbi– Financial Times
• ECB's Weber Says Inflation Risks "Could Well Move to Upside" – Bloomberg
• China's Rising Inflation May Ease U.S. Pressure on Yuan at Hu-Obama Summit – Bloomberg
EURUSD: Annualized Euro-zone consumer prices in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The European Session

Posted: 14 Jan 2011 05:00 AM PST

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

USD/CAD was trading at 0.9963, up 0.74% at time of writing.

The pair was likely to find support at 0.9848, Wednesday's low, and resistance at 0.9983, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.12% to hit 1.3349 and GBP/USD rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ImmunoCellular Therapeutics (IMUC): Update From Healthcare Conference In San Francisco

Posted: 14 Jan 2011 04:20 AM PST

This article has been unpublished. Walter, need new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Pounds The Upside Resistance

Posted: 14 Jan 2011 04:08 AM PST

Forex – EUR/GBP Down During The European Session

Posted: 14 Jan 2011 04:00 AM PST

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

EUR/GBP was trading at 0.8431, down 0.08% at time of writing.

The pair was likely to find support at 0.8285, Monday's low, and resistance at 0.8498, today's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.3361 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Up During The European Session

Posted: 14 Jan 2011 03:30 AM PST

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

GBP/CHF was trading at 1.5313, up 0.31% at time of writing.

The pair was likely to find support at 1.4930, Monday's low, and resistance at 1.5372, Thursday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.01% to hit 1.5840 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Technical Take: PGM

Posted: 13 Jan 2011 06:37 AM PST

Figure 1 is a weekly chart of the i-Path DJ AIG Platinum ETN (symbol: PGM).

Figure 1. PGM/ weekly

PGM is a sparsely traded (i.e., average daily volume is 20,000 shares) ETN that tracks the commodity, platinum.  Platinum is a precious metal that is essentially influenced by the same dynamics as gold and silver.  Currency debasement, like interest rates less than the rate of inflation, should be a tailwind leading to higher platinum prices.  

Technically, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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