DailyMarkets.com - China’s Inflation Problem Looms Large

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• China’s Inflation Problem Looms Large
• A Marginal Miss For Southwest
• Supervalu Now At Underperform
• Hot Option Plays: Market Re-Run
• Forex – EUR/USD Up During The U.S. Session
• Marshall & Ilsley’s Loss Narrows
• FCX Beats Consensus Handily
• EMC Unveils New Products (revised)
• Progressive Beats Estimates
• Johnson Controls Biz Better
• Existing Home Sales Rise
• Union Pacific Beats, Stock Tumbles
• Forex – AUD/USD Down During The U.S. Session
• Volcano’s IVUS More Efficient
• UnitedHealth’s 4Q In A Postive Tone
• Rockwell Beats, Raises Outlook
• Forex – NZD/USD Down During The U.S. Session
• European Markets Mixed At Close; Dax Down 0.83%
• Ford Counting On China
• Morgan Stanley Stands Tall
• Options Traders Position For Pullback In S&P 500 Index
• Swiss Franc: Caution
• Australian Dollar: Caution
• Canadian Dollar: The Downside Prevails
• Japanese Yen: Under Pressure
• British Pound: The Downside Prevails
• Euro: Under Pressure
• Chevron Steps Up Thai Gas Project
• Sasol Chucks Indonesian CTL Project
• HCP’s Debt Offer To Add Facilities
• Forex – EUR/USD Down At The End Of European Session
• Leading Index: Economy Is Gaining Momentum
• Forex Trading: EURUSD Back Above 100 Day MA.
• Kimco Realty Goes Shopping
• Forex Trading: EURUSD Corrects To The 1.3436 Level And Holds.
• PPDI Guides Above Expectations
• Fifth Third Tops, To Repay TARP
• Bleeding Risk With MRK’s Candidate
• Initial Jobless Claims Fall Sharply
• Pfizer Inks Deal With Theraclone
• Comparing The SP500 And TICK Extreme Highs In 2010
• Forex – Dollar Extends Gains Vs. Rivals On U.S. Recovery Optimism
• Gold And Silver Bears Follow Through; Bearish Targets
• Good News – Bad News
• Forex – GBP/USD Tumbles To 3-day Low Following U.S. Economic Data
• Forex Trading: EURUSD Breaks 100 Day MA And This Time Better Sellers
• Forex – EUR/USD Reverses Gains After Flurry Of U.S. Economic Data
• EUR/JPY Targets 112.50; Challenges The 200-period SMA And 61.8% Fibonacci Retracement
• Opening Bell Market Monitor: MS, WEN, EBAY
• Forex Trading: USDJPY Tests 100 Day MA At 82.93
• Philadelphia Fed Manufacturing Index Falls Unexpectedly In January
• U.S. Existing Home Sales Rise More Than-expected In December
• U.S. Stocks Fall As Commodities Tumble; Dow Jones Sheds 0.14%
• EUR/USD’s Bearish Outlook And Possible Elliott Wave Count
• Forex Trading: EURJPY Tests KEY 100 Day MA At 111.40
• Banks Report More Signs Of Stability And Growth
• Better Than Expected Jobless Claims Helps USD Firm, Mixed Signs Continue From US Labor Market
• Forex Trading: GBPUSD Testing Key Technical Level. Looking For A Move Away
• Forex – Dollar Gains Across The Board After Strong U.S. Jobs Report
• Surging China Growth Fuels Demand For Safe Harbors
• Business Sales Trigger Strong Half-year Performance At Animalcare
• Housing Starts Down, But Permits Provide Hope
• Picture Du Jour: Besides China, It’s (almost) All Good On U.S. Trade Imbalances
• Turbulent 4Q For AMR Corp.

China’s Inflation Problem Looms Large Posted: 20 Jan 2011 11:50 AM PST The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give. To a very large extent the distortions are caused by China’s long-standing policy of pegging its currency, the yuan, to the U.S. dollar. But as China’s economy gains strength, and the American economy weakens, the cost and difficulty of maintaining the peg become ever greater, and eventually outweigh the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Marginal Miss For Southwest Posted: 20 Jan 2011 11:35 AM PST Before the market opened today, low-cost carrier Southwest Airlines Co. (NYSE:LUV) reported its fourth quarter adjusted earnings of 15 cents per share, missing the Zacks Consensus Estimate by a penny. Adjusted earnings shot up 50% from the year-ago earnings of 10 cents per share. Despite higher fuel prices, earnings rose on strong revenue and a revival in the airline industry. The company incurred $3 million charges related to consulting and legal fees in connection with the proposed acquisition … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Supervalu Now At Underperform Posted: 20 Jan 2011 11:35 AM PST We currently downgrade the shares of Supervalu Inc. (NYSE:SVU) to Underperform. The rating downgrade is based on weaker profits during the third quarter of 2010, which were below the Zacks Consensus Estimate due to decrease in revenues,because of declines in the retail food segment and supply chain services segment. Therefore, the company lowered its guidance for fiscal 2011. We are also concerned about the fierce competition in the retail food segment. Further, significant number of employees at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Market Re-Run Posted: 20 Jan 2011 11:18 AM PST Cusick's Corner Here's the long and short of this market action — profit taking. While this has not violated the larger uptrend, this is a distribution that we have not seen in over a month. Right now the market looks and feels a lot like last spring, where after a nice run up, consolidation, pullback, violent consolidation and then late year resumption of trend. I am not suggesting that this will be a carbon copy of the spring action; we need to concede that the market might be entering a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The U.S. Session Posted: 20 Jan 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3478, up 0.04% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, Wednesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marshall & Ilsley’s Loss Narrows Posted: 20 Jan 2011 11:05 AM PST Marshall & Ilsley Corporation's (NYSE:MI) fourth quarter 2010 loss of 25 cents per share was just a penny higher than the Zacks Consensus Estimate of a loss of 24 cents. However, the loss significantly narrowed from 54 cents reported in the year-ago quarter. Results for the reported quarter benefited from a lower provision for loan and lease losses, increased non-interest revenues and lower non-interest expenses. However, a decrease in net interest income as well as lower average loans and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FCX Beats Consensus Handily Posted: 20 Jan 2011 11:05 AM PST Metals and mining powerhouse Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) posted excellent net income of $1.5 billion or $3.25 per share in the fourth quarter of 2010, outshining the Zacks Consensus Estimate of $2.87 per share. Quarterly revenues of $5.6 million surpassed the Zacks Consensus Estimate of $5.19 billion and were up 21.5% year over year. Higher metal prices drove sales and earnings in the quarter. Sales Prices and Volumes Averaged realized metal prices surged and copper prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EMC Unveils New Products (revised) Posted: 20 Jan 2011 11:05 AM PST A leading provider of information infrastructure solutions, EMC Corp. (NYSE:EMC), recently unveiled a number of new products aimed at extending its lead in all major storage markets. EMC released more than 40 new technologies and products catering to every sphere and category of its business. VNX Family of Products EMC unveiled EMC VNX family of products that scales from entry-level to datacenter-class systems. The VNX family is developed by putting together EMC CLARiiON storage area network … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Progressive Beats Estimates Posted: 20 Jan 2011 11:05 AM PST Progressive Corp.'s (NYSE:PGR) earnings per share for fourth quarter 2010 were 45 cents, up 9 cents from the Zacks Consensus Estimate of 36 cents. The result of the reported quarter was a penny lower from the prior-year quarter. Net income for the quarter was $299.2 million, down 2% from $305 million reported in fourth-quarter 2009. The company recorded net premiums of $3.3 billion during the fourth quarter of 2010, down 4% from $3.4 billion in the fourth quarter of 2009and 11.8% from$3.7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Johnson Controls Biz Better Posted: 20 Jan 2011 10:35 AM PST Johnson Controls Inc. (NYSE:JCI) posted a profit of $375 million or 55 cents per share in the first quarter of fiscal 2011, exceeding the Zacks Consensus Estimate by a penny. The profit increased 30% from $288 million or 43 cents per share in the comparable quarter a year ago. The higher profit during the quarter was mainly driven by higher earnings in the company's Automotive Experience segment on the back of an overall recovery in the global automotive market. Net sales in the quarter rose 13% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Existing Home Sales Rise Posted: 20 Jan 2011 10:35 AM PST In December, existing home sales ran at a seasonally adjusted annual rate of 5.28 million. That pace is 12.3% higher than in November, but 2.9% below the year-ago rate. The year-ago rate of 5.44 million was inflated as everyone was rushing to get the deals done before they thought the first-time buyer tax credit would expire. The tax credit was unexpectedly extended (and expanded) at the last minute. Thus, take the year-over-year decline with a grain of salt. The December sales rate was well … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Union Pacific Beats, Stock Tumbles Posted: 20 Jan 2011 10:35 AM PST U.S. railroad giant Union Pacific Corp. (NYSE:UNP) reported strong results for the fourth quarter of 2010. Quarterly net income reached a record high of $775 million or $1.56 per share compared to a net income of $549 million or $1.08 per share in the year-ago quarter. Fourth quarter 2010 earnings per share (EPS) of $1.56 surpassed the Zacks Consensus Estimate of $1.48. This solid performance was achieved through a healthy operating ratio, massive growth in business volume, cost efficiency and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The U.S. Session Posted: 20 Jan 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. AUD/USD was trading at 0.9864, down 1.45% at time of writing. The pair was likely to find support at 0.9833, today's low, and resistance at 1.0078, Wednesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Volcano’s IVUS More Efficient Posted: 20 Jan 2011 10:05 AM PST Recently, results from Volcano Corporation's (NASDAQ:VOLC) PROSPECT (Providing Regional Observations to Study Predictors of Events in the Coronary Tree) study were published in The New England Journal of Medicine. The study revealed that the company's grayscale intravascular ultrasound (IVUS) and virtual histology (VH) IVUS tissue characterization software helps physicians to better assess the severity of individual blockages compared with the currently used angiographic imaging.   The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UnitedHealth’s 4Q In A Postive Tone Posted: 20 Jan 2011 10:05 AM PST Health insurance bellwether United Health Group Inc. (NYSE:UNH) reported its fourth quarter core operating earnings of 94 cents per share, four cents ahead of the Zacks Consensus Estimate of 90 cents per share. Earnings also compares favorably with $0.81 per share reported in the prior-year quarter. Results were aided by strong performance in the Health Benefits segment as well as Health Services segment. UnitedHealth, the largest publicly traded health insurer based on total revenue, reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rockwell Beats, Raises Outlook Posted: 20 Jan 2011 10:05 AM PST Rockwell Collins Inc. (NYSE:COL), the supplier of avionics and military equipment, outpaced the Zacks Consensus Estimate of 87 cents with earnings of 96 cents per share in the first quarter of fiscal year 2011 ending December 31, 2010. Results also comfortably beat the year-ago quarterly earning per share of 76 cents. Rockwell Collins fortunes are tied to the cyclical commercial aerospace market, which is currently undergoing a recovery phase. Recently, the commercial aerospace market witnessed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session Posted: 20 Jan 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. NZD/USD was trading at 0.7572, down 1.50% at time of writing. The pair was likely to find support at 0.7532, today's low, and resistance at 0.7788, Wednesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Down 0.83% Posted: 20 Jan 2011 09:55 AM PST Forex Pros – European stocks were mixed after the closing bell on Thursday. At the close of European trade, Germany's DAX fell 0.83%, London's FTSE 100 shed 1.82%, France's CAC 40 declined 0.30% and the EURO STOXX 50 was up 0.13%. Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.12%; the S&P 500 index shed 0.19%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford Counting On China Posted: 20 Jan 2011 09:35 AM PST Ford Motor Co. (NYSE:F) and its joint venture partner in China, Chongqing Changan Automobile, are in talks to export China-made Ford vehicles to emerging markets. On the other hand, the automaker is exploring possibilities to export U.S.-made vehicles to China. The second plan is a part of a multi-billion dollar commercial deal that will be sealed on Chinese President Hu Jintao’s visit to the U.S. Presently, Ford owns a 35% stake in Changan Ford Mazda, with Changan holding 50% and Mazda Motor the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morgan Stanley Stands Tall Posted: 20 Jan 2011 09:35 AM PST Morgan Stanley's (NYSE:MS) fourth quarter earnings from continuing operationscame in at 43 cents per share, well ahead of the Zacks Consensus Estimate of 35 cents. This represents Morgan Stanley's sixth consecutive quarter of income from continuing operations, post economic crisis. Results also compare favorably with earnings from continuing operations of 18 cents in the year-ago quarter. Earnings for the reported quarter included negative revenue of 36 cents related to Morgan Stanley's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Options Traders Position For Pullback In S&P 500 Index Posted: 20 Jan 2011 09:29 AM PST Options traders position for pullback in S&P 500 Index Today’s tickers: SH, APC, BCSI & SNV ProShares Short S&P500 ETF (SH) – Call buying on the ProShares Short S&P500, an exchange-traded fund that seeks daily investment results that correspond to the inverse of the daily performance of the S&P 500 Index, indicates options traders expect the pullback in the market to continue through February expiration. The massive run up in stocks since September 2010 drove the ProShares … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Caution Posted: 20 Jan 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution Posted: 20 Jan 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 20 Jan 2011 09:19 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: 20 Jan 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: The Downside Prevails Posted: 20 Jan 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure Posted: 20 Jan 2011 09:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chevron Steps Up Thai Gas Project Posted: 20 Jan 2011 09:05 AM PST U.S.energy behemoth Chevron Corp. (CVX) is on course to advance the start-up of its $3.1-billion gas project in the Gulf of Thailand – Platong Gas II – to later this year, instead of 2012. Speaking at a ceremony to mark the completion of the facility's main gas-processing platform, Jim Blackwell, President, Chevron Asia Pacific Exploration and Production, attributed the acceleration of Platong II's progress to meet rising Thai demand, where gas consumption rose by 13% last year. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sasol Chucks Indonesian CTL Project Posted: 20 Jan 2011 09:05 AM PST South African petrochemicals group Sasol Ltd. (SSL) has confirmed its decision to abandon a proposed coal-to-liquids ("CTL") project in Indonesia and instead turn its focus on gas-to-liquids ("GTL') opportunities. However, the largest producer of motor fuels from coal said that it will continue to pursue its coal investment proposals in China and India, which are currently in advanced stages. In December 2009, Sasol entered into a memorandum of understanding with the Indonesian … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCP’s Debt Offer To Add Facilities Posted: 20 Jan 2011 09:05 AM PST HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a debt offer of senior unsecured notes worth $2.4 billion. Wells Fargo Securities LLC, part of Wells Fargo & Company (WFC); BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (BAC); and UBS Investment Bank, the investment banking division of UBS AG (NYSE:UBS) are the joint book-running managers for the offering. HCP intends to … [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 Jan 2011 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3444, down 0.22% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, Wednesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leading Index: Economy Is Gaining Momentum Posted: 20 Jan 2011 08:56 AM PST The Conference Board reported today another sharp increase in its Leading Economic Index (LEI) for the month of December, as the index rose to the highest-ever level of 112.4 last month (see chart above).  The December gain of 1% follows a 1.1% improvement in November, a 0.4% increase in October and a 0.55% gain in September.  From the cyclical low of 97.9 in March 2009, the Leading Index has improved by 13.5 points.  Here’s more: Ataman Ozyildirim, economist at The Conference … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Back Above 100 Day MA. Posted: 20 Jan 2011 08:42 AM PST Market back to intraday … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kimco Realty Goes Shopping Posted: 20 Jan 2011 08:35 AM PST Kimco Realty Corporation (NYSE:KIM), a real estate investment trust (REIT), has recently announced its major property transactions in fourth quarter 2010. The company acquired 4 shopping centers during the quarter spanning 982,000 square feet of retail space for approximately $151.1 million, including $50.9 million in mortgage debt. The acquisitions were part of the long-term strategy of Kimco Realty to concentrate its investments in the neighborhood and community shopping center segment, focusing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Corrects To The 1.3436 Level And Holds. Posted: 20 Jan 2011 08:30 AM PST The corrective move off the lows retraced back to the 1.3436 area where the 100 day MA is at and then the price came back down.  If the price can stay below that level look for additional … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PPDI Guides Above Expectations Posted: 20 Jan 2011 08:21 AM PST Pharmaceutical Product Development Inc. (NASDAQ:PPDI) recently provided financial guidance for 2011. The company also plans to resume its share repurchase program announced earlier. Pharmaceutical Product Development expects revenue to range between $1.48 billion and $1.58 billion in 2011, representing a growth of 10%, at the mid-point, above the 2010 level. The Zacks Consensus Estimate of sales of $1.50 billion comes within the company's guidance band. The company's outlook is validated by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fifth Third Tops, To Repay TARP Posted: 20 Jan 2011 08:21 AM PST Fifth Third Bancorp (NASDAQ:FITB) reported better-than-expected fourth quarter 2010 earnings and announced its plan to repay the bailout money received under the Treasury's Troubled Asset Relief Program (TARP). Fifth Third reported fourth quarter net income available to common shareholders of $270 million or 33 cents per share, ahead of the Zacks Consensus Estimate of 25 cents. Results also compared favorably with net income of $175 million or 22 cents per share in the prior quarter and a net loss … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bleeding Risk With MRK’s Candidate Posted: 20 Jan 2011 08:21 AM PST Merck (NYSE:MRK) recently announced that an increase in intracranial hemorrhage was associated with its blood thinner candidate, vorapaxar, in patients with a history of stroke. Vorapaxar was being evaluated in two studies – TRACER (a study in patients with acute coronary syndrome) and TRA-2P (a study in patients with prior heart attack, stroke and peripheral artery disease). Earlier in Jan, Merck had announced that a Data and Safety Monitoring Board (DSMB) , after reviewing the safety and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initial Jobless Claims Fall Sharply Posted: 20 Jan 2011 08:21 AM PST Initial Claims for Unemployment Insurance fell by 37,000 last week to 404,000 (last week was also revised down by 4,000, so one could see it as a 41,000 decline). This was much better than the expected level of 425,000. This is a welcome turnaround, and suggests that the decline we saw at the end of last year was for real. This is a series that tends to be a bit on the flakey side around the holidays. We had a big drop during the Christmas week to 388,000, and then big increases over the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pfizer Inks Deal With Theraclone Posted: 20 Jan 2011 08:21 AM PST Pfizer, Inc. (NYSE:PFE) recently entered into a research and development agreement with Theraclone Sciences, Inc. for the discovery of monoclonal antibodies in the areas of infectious diseases and oncology. Under the multi-year collaboration, Pfizer will use Theraclone's I-STAR technology for the discovery of antibodies against up to two infectious disease targets and two oncology targets. Terms of the Deal Per the terms of the deal, Pfizer will receive an exclusive worldwide license to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Comparing The SP500 And TICK Extreme Highs In 2010 Posted: 20 Jan 2011 08:14 AM PST I'm a huge fan of comparing the S&P 500 with the NYSE TICK (and Breadth, VOLD internals along with volume and momentum) for confirmations and non-confirmations (divergences) as tools to get a better sense of trend strength and possible opportunities to play within that developing structure. Just like the S&P 500, the TICK has an individual 'character' to it and sometimes that character changes along with market environments/conditions – particularly in times of high or low … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Extends Gains Vs. Rivals On U.S. Recovery Optimism Posted: 20 Jan 2011 08:10 AM PST Forex Pros – The U.S. dollar extended gains against all its major counterparts on Thursday, after the release of a raft of broadly stronger U.S. data boosted confidence in the U.S. economic recovery. During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.46% to hit 1.3411. Earlier Thursday, the National Association of Realtors said that existing home sales rose significantly more-than-expected in December, climbing by 12.3% from a month earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold And Silver Bears Follow Through; Bearish Targets Posted: 20 Jan 2011 08:04 AM PST Gold (XAU/USD) - Gold is following through with yesterday's outlook . - The RSI is breaking below 30 in the 4H chart, and below 40 in the daily chart. We continue to be in a correction and the 1355 area could turn into resistance after being broken as support. - A swing projection targets 1323. - We know of support at the 1330 and 1315 area. Let's see what kind of price action occurs as the market heads towards these lower pivots. Silver (XAG/USD) - Silver is also following through with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News – Bad News Posted: 20 Jan 2011 07:53 AM PST An earlier dose of good news for bond buyers in the form of rising fears over Chinese interest rates was dealt up a serving of bad news as the latest reading of labor market data in the U.S. showed better times. It’s another one of those eras when good news is bad and bad news is good. Bond yields around the world continue to edge higher in response to a growing sensitivity to budding inflationary pressures even though they arrive simply in the form of healthy economic data. European bond … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Tumbles To 3-day Low Following U.S. Economic Data Posted: 20 Jan 2011 07:50 AM PST Forex Pros – The pound extended losses against the U.S. dollar on Thursday, tumbling to a three day low, following the release of a string of broadly stronger U.S. economic data. GBP/USD hit 1.5841 during European late afternoon trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.5849, tumbling 0.93%. Cable was likely to find support at 1.5717, the low of January 13 and resistance at 1.6009, the days high. Earlier Thursday, the National Association of Realtors … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Breaks 100 Day MA And This Time Better Sellers Posted: 20 Jan 2011 07:42 AM PST Next level to break is the 1.3411 level. Look for seller against the 1.3436 level now. Below 1.3411 the next target is the 1.3388-90 where the 100 hour MA and the 50% of the move up from the January 17th … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Reverses Gains After Flurry Of U.S. Economic Data Posted: 20 Jan 2011 07:41 AM PST Forex Pros – The euro reversed gains against the U.S. dollar on Thursday, falling to a fresh daily low, following the release of a flurry of broadly stronger U.S. economic data.   EUR/USD hit 1.3411 during European late afternoon trade, the daily low; the pair subsequently consolidated at 1.3422, shedding 0.37%. The pair was likely to find support at 1.3367, Wednesday's low and resistance at 1.3537, Wednesday's high and a two month high. Earlier Thursday, the National Association … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/JPY Targets 112.50; Challenges The 200-period SMA And 61.8% Fibonacci Retracement Posted: 20 Jan 2011 07:38 AM PST EUR/JPY - The EUR/JPY continues to rally, pushing above the 111.00 resistance, and 50% retracement. The RSI in the daily is also threatening to break above 60, while the RSI in the 4H is tagging 70, suggesting bullish continuation. - Looking at the 4H chart, a conventional bullish breakout projection points to 112.50. Using wave ratio analysis, we see that this is also an area of 161.8% extended retracement of the most recent decline, and 61.8% projection or expansion of the most recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: MS, WEN, EBAY Posted: 20 Jan 2011 07:21 AM PST 01/20/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Tests 100 Day MA At 82.93 Posted: 20 Jan 2011 07:15 AM PST The better US data has sent the USDJPY even higher and the pair is now testing the key 100 day MA at the 82.93 level. This level has been tested over a majority of the month. The move back to the level is another test. The trendline off the tops come in at 83.01 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Philadelphia Fed Manufacturing Index Falls Unexpectedly In January Posted: 20 Jan 2011 07:10 AM PST Forex Pros – Manufacturing activity in Philadelphia fell unexpectedly in January, official data showed on Thursday. In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index declined to 19.3 in January, after rising to 20.8 in December, whose figure was revised down from 24.3. Analysts had expected the index to rise to 21.0 in January. On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions. The report said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Existing Home Sales Rise More Than-expected In December Posted: 20 Jan 2011 07:06 AM PST Forex Pros – U.S. existing home sales rose significantly more-than-expected in December, jumping to a seven-month high, industry data showed on Thursday. In a report, the National Association of Realtors said that existing home sales rose to a seasonally adjusted 5.28 million units in December, after rising to 4.70 million units in November, whose figure was revised up from 4.68 million. Analysts had expected existing home sales to rise to a seasonally adjusted 4.80 million units in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Fall As Commodities Tumble; Dow Jones Sheds 0.14% Posted: 20 Jan 2011 06:56 AM PST Forex Pros – U.S. stocks were broadly lower after the open on Thursday, as commodity-linked shares led markets lower amid concerns that China would further tighten monetary policy to cool its economy. During early U.S. trade, the Dow Jones Industrial Average shed 0.14%, the S&P 500 index was down 0.23%, while the Nasdaq Composite index dropped 0.62%. Earlier in the day, official data showed that China's gross domestic product rose more-than-expected in the fourth quarter, fuelling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD’s Bearish Outlook And Possible Elliott Wave Count Posted: 20 Jan 2011 06:47 AM PST EUR/USD - The EUR/USD in the 1H chart looks to be in consolidation. The RSI failing to break below 40 shows a lack of bearish momentum, but a failure to break back above 60, also shows weakness in the bulls – a setup for a possible reversal. - In a correction with equality to the previous, the market would target 1.3330. We can see the 1.3350 to 1.3360 area to be support near the previous pivot and 61.8% retracement. - This can be the first target for the current decline. We should look … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY Tests KEY 100 Day MA At 111.40 Posted: 20 Jan 2011 06:46 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Banks Report More Signs Of Stability And Growth Posted: 20 Jan 2011 06:39 AM PST NEW YORK (AP) — “Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One of the nation’s largest consumer lenders, Wells Fargo, said Wednesday that 29 percent fewer loans went bad in the last three months of 2010 than the year before. And late payments on loans considered likely to default declined for the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Better Than Expected Jobless Claims Helps USD Firm, Mixed Signs Continue From US Labor Market Posted: 20 Jan 2011 06:29 AM PST The Dollar firmed across the board following the release of jobless claims data which showed claims falling 37K to 404K. var div = jQuery(“”).css({ width: 620, height: 400 }) .insertAfter(‘:last’) .indicatorChart({ ‘indicator’: ’145′, ‘country’: ‘USA’ }); As we can see from our chart of jobless claims above jobless claims have been a part of the recent success story in US data. If you zoom in on the last two-three years in we can see that throughout the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Testing Key Technical Level. Looking For A Move Away Posted: 20 Jan 2011 06:25 AM PST The GBPUSD is down testing key support at the trendline, 100 hour MA and the floor from a few days back.  Key technical level. Look for a move away from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Gains Across The Board After Strong U.S. Jobs Report Posted: 20 Jan 2011 06:19 AM PST Forex Pros – The U.S. dollar moved higher against all its major counterparts on Thursday, after official data showed that the number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.24% to hit 1.3438. The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 15 fell to a seasonally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Surging China Growth Fuels Demand For Safe Harbors Posted: 20 Jan 2011 06:02 AM PST A series of glowing economic reports from China served to raise expectations that the central bank faces more hard work in the year ahead. Higher than expected growth in the nation simply worried investors into a belief that there is now a greater risk of tighter monetary policy. En route, demand for riskier assets fell by the wayside as equity prices took a beating. Demand for both dollars and yen rose. U.S. Dollar – China’s economy in 2010 grew at 10.3% at the fastest rate in three years with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Business Sales Trigger Strong Half-year Performance At Animalcare Posted: 20 Jan 2011 12:56 AM PST Veterinary medicines supplier Animalcare Group (LON:ANCR) reported this morning that it was on course to make good progress this year, with revenues in its core business up 10% during the first six months. The update follows a streamlining of the group last September which involved the sale of its underperforming agricultural business to Tru-Test of New Zealand and the loss making Travik Chemicals business to Aquajet Holdings. Those deals meant the company was able to slash net debt to £1.0m … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Housing Starts Down, But Permits Provide Hope Posted: 19 Jan 2011 11:40 PM PST Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog. The latest round of housing data shows residential construction has fallen again, with December housing starts dropping 4.3% below November to an annualized rate of 529,000 units. Although this decline is somewhat deeper than expected, permit extensions increased strongly by 16.7% month on month in December to an annualized rate of 635,000. Asha Bangalore, economist of Northern Trust, commented as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Picture Du Jour: Besides China, It’s (almost) All Good On U.S. Trade Imbalances Posted: 19 Jan 2011 11:30 PM PST Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog. "The yearly U.S. trade deficit peaked at 6.4% of GDP in August 2006. It improved significantly after the financial crisis, bottoming out at 3.6% in January 2010. This swing provided a boost to GDP and nudged the U.S. external balance toward a more sustainable level," said a report by the Council on Foreign Relations. "The deficit then resumed an upward march, reaching 4.3% by November." As … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Turbulent 4Q For AMR Corp. Posted: 19 Jan 2011 04:00 PM PST 01/20/11 The AMR Corp. released its 4Q earnings report on Wednesday and the results were indeed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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