Monday, January 17, 2011

DailyMarkets.com - Fixed 0% APR From Applied Bank Platinum Zero Secured Visa Credit Card – What’s The Catch?

DailyMarkets.com - Fixed 0% APR From Applied Bank Platinum Zero Secured Visa Credit Card – What’s The Catch?

Fixed 0% APR From Applied Bank Platinum Zero Secured Visa Credit Card – What’s The Catch?

Posted: 17 Jan 2011 07:35 AM PST

Before you apply for this card, read this!

Have a bad credit score or don't have any credit history, and are looking for a credit card? The Platinum Zero Secured Visa Credit Card from Applied Bank is a secured credit card for people with bad credit or no credit who want to enjoy a 0% fixed APR on purchases. However, there is a catch! Read on to find out what it is.

Here I will do a detailed review of the Platinum Zero Secured Visa Credit Card from Applied Bank, one of the many credit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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Stock Market Awaiting The Outcome Of ECOFIN Meetings

Posted: 17 Jan 2011 07:27 AM PST

U.S. stocks rose for a seventh straight week Friday, the longest rally since May 2007, buoyed by optimism about corporate earnings and European efforts to control the region's debt crisis. JPMorgan (NYSE:JPM) jumped 2.9% as the lender posted record quarterly profit. Financial shares in the Standard & Poor's 500 Index climbed 3.2% after Wells Fargo (NYSE:WFC) raised its rating for large banks on prospects for higher dividends. Higher oil prices boosted energy shares, which climbed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Trying To Find Support And Momentum Against 1.5909

Posted: 17 Jan 2011 07:07 AM PST

Anticipating A Gartley For AUD/USD

Posted: 17 Jan 2011 07:06 AM PST

AUD/USD

- The AUD/USD has found support after declining to start the year.
- Last week, we had a swing from just above 0.98 to just above parity, where the market rejected the rally. Then, we saw a decline back to 0.9850 to wrap up the week.
- To start the week, we confirmed a bottom above 0.9850, and the market is bullish in the near-term.
- The first level of resistance is the 1.0 level, but if the market accelerates, it can go towards the area between 50% and 61.8% retracement. This is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM’s Past Recall Swells Up

Posted: 17 Jan 2011 07:05 AM PST

General Motors (NYSE:GM) has expanded its trucks and SUV recall related to a problem with the rear axles. In the last week of December, GM announced that it would recall 1,262 units of Cadillac Escalades, Chevrolet Avalanches, Chevrolet Silverados and GMC Sierras. The vehicles' rear axle cross pin had manufacturing defects, which could possibly get fractured and displaced within the axle.
However, the automaker noticed that more vehicles were built with such faulty axle pin. Consequently, it had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Product Recalls Continue At J&J

Posted: 17 Jan 2011 07:05 AM PST

The product recall story continues at Johnson & Johnson (NYSE:JNJ) with the company announcing the recall of certain lots of Tylenol 8 Hour, Tylenol Arthritis Pain, Tylenol upper respiratory products, Benadryl, Sudafed Pe and Sinutab in the US, the Caribbean and Brazil.
The products were recalled in consultation with the US Food and Drug Administration (FDA). Johnson & Johnson said that the recalled products were manufactured at the company's plant in Fort Washington before production … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Let Your Winners Run (SLV, EWM, GLD, JJC, EWY)

Posted: 17 Jan 2011 07:01 AM PST

 Everyone knows the old investing slogans, "let your winners run" and "the trend is your friend" and these are well known because they have proven themselves over time to be true. In fact, Sam Stovall in his book, The Seven Rules of Wall Street, points out that it has been a sound investing strategy to invest in the industries and sectors that had the best performance the prior year and to avoid those with the worst.
In fact, the "let your winners run" philosophy outperformed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD To Resume Bearish Attempt After Friday’s Shake-out

Posted: 17 Jan 2011 06:46 AM PST

USD/CAD

- The move on Friday was a pullback after breaking below 0.9900 during the week. As strong as this rally was, it is not a bullish signal. It is still below the 0.9980 pivot, support Dec. 28,29, Nov 5-11.
- You can see a huge rejection in the 4H chart. This rally likely shook weaker bears, but the downtrend appears to be resuming. You can see that the important highs continue to be lower than the previous.
- The start of the market saw the market rejected from going back above 0.9900 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Finds Its NY Range

Posted: 17 Jan 2011 06:43 AM PST

Hurdle For Abbott’s Psoriasis Drug

Posted: 17 Jan 2011 06:35 AM PST

In a filing with the US Securities and Exchange Commission (SEC), Abbott Laboratories (NYSE:ABT) recently announced the withdrawal of its marketing applications for its psoriasis candidate, briakinumab (ABT-874). The company said that it has withdrawn its US biologics license application (BLA) as well as European marketing authorization application (MAA) based on feedback from regulatory authorities.
According to the company, the regulatory authorities may require further analysis and maybe … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Holds Steady At 1700

Posted: 17 Jan 2011 06:35 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as increase in the number of oil rigs was offset by a fall in the natural gas rig count.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries (NBR), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Slips To 2-day Low Despite Lower Oil Prices

Posted: 17 Jan 2011 06:27 AM PST

Forex Pros – The Canadian dollar was higher against its U.S. counterpart on Monday, despite falling crude oil prices as markets focused on a meeting of European finance ministers to discuss the euro zone debt crisis.

USD/CAD hit 0.9866 during European late afternoon trade, the pair's lowest since Thursday; the pair subsequently consolidated at 0.9875, shedding 0.35%.

The pair was likely to find support 0.9847, last Wednesday's low and a 31 month low and resistance at 0.9949, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY To Test Declining Trendline; Possibly At Terminal Wave

Posted: 17 Jan 2011 06:26 AM PST

GBP/JPY

- The sterling has been strong. The GBP/JPY rebounded after breaking the 2010 low, and is now about to test a declining channel resistance seen in the daily chart. The strength of the rally has been impressive, and for a bearish outlook from here, the conservative target could be 129.50. That is if we do get topping below or near 132.50.
- The 1H chart shows a rally taking place with an impulse wave. The internals suggest we are still to have a wave v, which in a swing projection … [visit site to read more] or compare Best Credit Cards and Best CD Rates

National Bank Of Serbia Lifts Key Rate 50bps To 12%

Posted: 17 Jan 2011 06:13 AM PST

The National Bank of Serbia lifted the two-week repurchase rate by 50 basis points to 12% in response to rising inflation. Serbia recorded inflation of 10.3% in December as inflationary pressures increased, driven by ‘rising regulated prices, inflationary expectations, higher food and global crude oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thermo Fisher Extends Dionex Offer

Posted: 17 Jan 2011 06:05 AM PST

Thermo Fisher Scientific (NYSE:TMO) has extended the tender offer to acquire shares of Dionex Corporation (NASDAQ:DNEX) till February 16, 2011. However, the other conditions remain unchanged. Last week, the company received antitrust clearance with respect to the acquisition. Thermo Fisher is in the process of receiving other clearances and expects to complete the acquisition in the first quarter of fiscal 2011.
Earlier, in December 2010, Thermo Fisher decided to acquire California based Dionex, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TOTAL Adds To Its Shale Gas Play

Posted: 17 Jan 2011 06:05 AM PST

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) has acquired interests in four more exploration licenses in Argentina to appraise its shale gas potential.
As part of the deal, TOTAL, in partnership with Buenos Aires-based YPF S.A. (NYSE:YPF), acquired interests in the Aguada de Castro license (42.5% interest, Operator – TOTAL), Pampa las Yeguas II license (42.5% interest, Operator – TOTAL), Cerro Las Minas license (40% interest, Operator – YPF) and the Cerro Partido license (45% interest, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Snaps 5-day Rally As EU Finance Meeting Eyed

Posted: 17 Jan 2011 05:43 AM PST

Forex Pros – The euro snapped five days of gains against the Swiss franc on Monday as markets remained cautious ahead of a meeting of European Union finance ministers in Brussels.

EUR/CHF hit 1.2812 during European afternoon trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.2834, shedding 0.48%.

The pair was likely to find support at 1.2683, Thursday's low and resistance at 1.2949, Friday's high and a one month high.

European finance ministers were to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CBG Leads Race, To Rule Industry?

Posted: 17 Jan 2011 05:35 AM PST

Amid wide speculations, CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2009 revenues), has emerged as firm favorites to acquire the lion's share of the real estate division of ING Groep NV (NYSE:ING), a financial services company, leaving behind rival bidders such as Vornado Realty Trust (NYSE:VNO). The deal, worth approximately €1 billion, would create the world's largest property funds business entity with over $100 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MarkWest Offering Raises $138M

Posted: 17 Jan 2011 05:35 AM PST

Pipeline operator MarkWest Energy Partners L.P. (MWE) announced the closure of its previously announced public offering. The partnership priced the public offering of 3,450,000 common units at $41.20 apiece, including a fully exercised over-allotment option for 450,000 units.
MarkWest plans to use the net proceeds from this offering – approximately $138.1 million after the underwriting discount and estimated offering expenses – to part-finance its ongoing capital expenditure program, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Foreign Securities Purchases Decline Unexpectedly

Posted: 17 Jan 2011 05:35 AM PST

Forex Pros – Foreign investors' acquisitions of Canadian securities fell unexpectedly in November, official data showed on Monday.

In a report, Statistics Canada said that foreign investment declined to a seasonally adjusted CAD8.01 billion in November, after falling to CAD9.71 billion in October, whose figure was revised up from CAD9.51 billion.

Analysts had expected foreign investment to increase to CAD10.42 billion in November.

The report said that non-Canadian residents added CAD8.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals Ahead Of Euro Zone Meeting

Posted: 17 Jan 2011 04:49 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as hopes faded for a quick agreement on bolstering the euro-zone's bailout fund at a meeting later in the day.

During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.39% to hit 1.3334.

But the greenback was down against sterling with GBP/USD advancing 0.44% to hit 1.5938.

Earlier Monday, data showed that a drop in the number of new homes coming onto the market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD To Test Head And Shoulder

Posted: 17 Jan 2011 04:39 AM PST

EUR/USD

- EUR/USD has broken below a head and shoulder as seen in the 1H chart. The market topped off at 1.3450 last Friday, and starts the week breaking below the neckline near 1.3320, but has bounced back up from 1.3250.
- As we gear up for the US session, the market has retraced back to near 1.3340.
- The bullish candles are strong and it looks like this head and shoulder formation might not hold up as a topping pattern. It's more correct to say that whatever retracement we were suppose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Pares Losses Ahead Of Key EU Finance Meeting

Posted: 17 Jan 2011 04:30 AM PST

Forex Pros – The euro pared sharp losses against the U.S. dollar on Monday but remained modestly lower as markets remained cautious ahead of a key meeting of euro-zone finance ministers in Brussels.

EUR/USD clawed up from 1.3245, the pair's lowest since Thursday, to hit 1.3335 during European afternoon trade, shedding 0.38%.

The pair was likely to find support at 1.3088, last Thursday's low and resistance at 1.3449, Friday's high.

European finance ministers were to meet later Monday … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Tumbles To 2-day Low Ahead Of Euro Zone Meeting

Posted: 17 Jan 2011 04:14 AM PST

Forex Pros – The euro tumbled to a two day low against the yen on Monday as the market reassessed expectations of an interest rate hike by the European Central Bank and amid uncertainty ahead of a meeting of European finance ministers.

EUR/JPY hit 109.58 during European early afternoon trade, the pair's lowest since Thursday; the pair subsequently consolidated at 109.83, tumbling 1.01%.

The pair was likely to find support at 108.67, Thursday's low and resistance at 110.93, the day's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 2-month High Amid BoE Rate Hike Expectations

Posted: 17 Jan 2011 03:30 AM PST

Forex Pros – The pound advanced to a two month high against the U.S. dollar on Monday, bolstered by growing speculation that increasing inflationary pressures will prompt the Bank of England to raise interest rates sooner than had been expected.

GBP/USD hit 1.5915 during European morning trade, the pair's highest since November 23; the pair subsequently consolidated at 1.5897, gaining 0.18%.

Cable was likely to find short-term support at 1.5808, Friday's low and resistance at 1.5964, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Poll Results: Sentiment – Where Have The Bulls Disappeared?

Posted: 17 Jan 2011 01:00 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Sentiment indicators from the AAII (individual investors) and Investors Intelligence (newsletter writers) indicate that stock market sentiment is at historically high levels, and has been for a while. However, whenever I discuss stock markets with people – ranging from private investors to institutions to journalists – most of them seem to be more concerned about a looming correction in the near … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Max Keiser: Face To Face With Gregor Macdonald On Energegy Markets

Posted: 17 Jan 2011 12:55 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
In this week's edition of "On the Edge", Max Keiser and his his guest Gregor Macdonald, writer of the energy and economics blog Gregor.us, discuss the crisis in the energy market and its relation with the credit market. They argue that the two issues are strictly tied to each other and the fall in production of oil puts the credit market in danger. Ironically, a sharp increase in fossil fuel … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rhodium – Catch-up Potential?

Posted: 17 Jan 2011 12:50 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
I published a short post on rhodium during the holidays – a time when many readers were away. I have therefore decided to run it again in updated format.
I have been fairly vocal about my bullish view on precious metals for quite a while. And with the nascent correction, I am quite content to ride my positions. However, adding to one's holdings at decent prices has become problematic as most of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Elizabeth Warren On Her Relationship With Business

Posted: 17 Jan 2011 12:45 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
In this interview on the Tavis Smiley show Elizabeth Warren, professor at Harvard Law School and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau, discusses her relationship with the business community. (To see full length version of the Tavis Smiley show, go here.)

Elizabeth Warren on her relationship with business was first posted on January 17, 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Who Owns The U.S. National Debt?

Posted: 17 Jan 2011 12:40 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
The United States' total public debt outstanding was approximately $13.562 trillion at the end of the government's fiscal year on 30 September 2010. As of 4 January 2011, the United States' total public debt outstanding has surpassed 14 trillion dollars and is continuing to grow rapidly.
The chart below, courtesy of Politcal Calculations, shows U.S. individuals and institutions, when including … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Joseph Stiglitz On Debt

Posted: 17 Jan 2011 12:35 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
In the video clip below, Joseph Stiglitz, Nobel Laureate in Economic Sciences, addresses a conference in Paris on the debt situation. He gives his analysis of the debt situation of the U.S. and Western Europe.

Joseph Stiglitz on debt was first posted on January 17, 2011 at 10:35 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Economic Recovery …

Posted: 17 Jan 2011 12:25 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

Laugh out Loud: Economic recovery … was first posted on January 17, 2011 at 10:25 am.
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