DailyMarkets.com - Forex – USD/CAD Up During The Asian Session
DailyMarkets.com - Forex – USD/CAD Up During The Asian Session |
- Forex – USD/CAD Up During The Asian Session
- Credit Agencies Are Out Of Line In Warning On U.S. Debt
- Auction-Rate Securities And Municipal Market Dislocation
- Forex – AUD/USD Down During The Asian Session
- Forex – EUR/USD Down During The Asian Session
- Forex – EUR/JPY Down During The Asian Session
- Forex – GBP/JPY Down During The Asian Session
- Stock Market Summary For Thursday, January 13, 2011
- A Healthy Start: Whole Foods Gets Upgraded
- The Day Ahead: US Retail Sales, U. Of Michigan Consumer Sentiment, US CPI, Industrial Production, Earnings
- Forex – NZD/USD Up During The Asian Session
- Those Calling For A Market Correction Make Me Laugh
- Hot Stock Movers To Watch On Friday, January 14
- Hot Option Plays: Finding Parking For Capital
- Medical Device ETFs Destined To Shine
- Gold And Silver Update 1.13.2011 – Bearish Signals
- Exxon To Divest North Sea Stakes
- Canadian Pacific: 2011 Capital Plan
- AIG Divests, Aims For Recapitalization
- Intel Beats Low Expectations Again
- Marriott’s VC To Exit In March
- Closing Bell Market Monitor: MRK, MRO
- Forex – EUR/USD Up At The End Of U.S. Session
- Empire East Land Holdings (ELI), Breaking Ground
- What The Real Experts Say
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Analyst Interviews: U.S. Banks Stock Update
- AGNC’s Biz Model To Rock 4Q?
- European Central Bank Maintains Lending Rate At 1.00%
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Bank Of England Retains Rate At 0.50%, No Changes To Monetary Policy
- U.S. Markets Mixed At Close; Dow Jones Down 0.20%
- Earnings Preview: JPMorgan
- Novatel MiFi To Face Challenge
- The Bank Of Mozambique Raised Its Interest Rate 100bps To 16.50%
- Bank Of Korea Raised The 7-day Repo Rate 25bps To 2.75%
- The Central Bank Of Latvia Kept The Refinancing Rate At 3.50%
- Forex – GBP/USD Up During The U.S. Session
- Rating Action On Aetna
- Invesco’s AUM Rises In December
- More Thoughts On Trade Deficit
- A Lesson In Trading Intraday Arc Divergences With Dual Timeframes In UUP
- IFF Expands In Greater Asia
- Wright, AlloSource In New Pact
- Forex – USD/CAD Up During The U.S. Session
- U.S. Is Still The World’s #1 Manufacturer
- Crude Rallies On Pipeline Shutdown, Stockpile Drop
| Forex – USD/CAD Up During The Asian Session Posted: 13 Jan 2011 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 0.9900, up 0.10% 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 the British Pound, with EUR/USD shedding 0.24% to hit 1.3333 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Credit Agencies Are Out Of Line In Warning On U.S. Debt Posted: 13 Jan 2011 06:56 PM PST Something seems insulting about S&P and Moody's warning on the U.S. credit rating. I don't disagree that the U.S. fiscal situation has deteriorated significantly and that something must be done about it sooner than later. However, coming from outfits that gave AAA ratings to mortgage backed securities full of subprime mortgages, a warning on the U.S. sovereign credit just doesn't set right. I guess all the people around the world who rush into U.S. Treasuries at the first sign of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Auction-Rate Securities And Municipal Market Dislocation Posted: 13 Jan 2011 06:39 PM PST The demise of the $330 billion auction-rate securities market may have culminated in February 2008 but the impact of that reality continues to be felt today. How so?
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| Forex – AUD/USD Down During The Asian Session Posted: 13 Jan 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 0.9956, down 0.21% at time of writing. The pair was likely to find support at 0.9804, Tuesday's low, and resistance at 1.0019, Thursday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.07% to hit 1.3386 and AUD/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Down During The Asian Session Posted: 13 Jan 2011 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3328, down 0.28% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3383, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8422 and EUR/JPY falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Down During The Asian Session Posted: 13 Jan 2011 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Friday. EUR/JPY was trading at 110.31, down 0.32% at time of writing. The pair was likely to find support at 106.83, Monday's low, and resistance at 110.68, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.20% to hit 1.3338 and EUR/GBP falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Down During The Asian Session Posted: 13 Jan 2011 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Friday. GBP/JPY was trading at 131.05, down 0.09% at time of writing. The pair was likely to find support at 128.33, Monday's low, and resistance at 131.43, Thursday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.02% to hit 1.5836 and EUR/GBP falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Summary For Thursday, January 13, 2011 Posted: 13 Jan 2011 04:33 PM PST (NYSE:A) quiet session today on Wall Street as stocks digested its recent gains as investor participation was rather mellow. It appears the market may be waiting for earnings season to really kick in before making its next move. We are raising the support levels and lowering the resistance levels for the DJIA, S&P 500, and Nasdaq Composite (see below). But for the second day in a row the number of stocks on the NYSE that made new lows expanded from 42 to 107 a bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| A Healthy Start: Whole Foods Gets Upgraded Posted: 13 Jan 2011 04:15 PM PST 01/13/11 Whole Foods Markets Incorporated received quite the boost this session in the form of an analyst upgrade from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 11:00 AM PST 01/14/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up During The Asian Session Posted: 13 Jan 2011 03:50 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7720, up 0.12% at time of writing. The pair was likely to find support at 0.7562, Tuesday's low, and resistance at 0.7728, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.02% to hit 1.2935 and EUR/NZD falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Those Calling For A Market Correction Make Me Laugh Posted: 13 Jan 2011 03:35 PM PST After stocks ended 2010 making new highs, many experts have been calling for a healthy correction before putting more money into equities. And if you had listened to those folks you would have missed out on even more gains in the opening days of the New Year. There are 2 main camps of folks that are calling (nay, praying) for this correction. Let me share with you their sad stories and why you should continue to pass on their faulty strategies. Correction Camp #1: Missed the Party All … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Stock Movers To Watch On Friday, January 14 Posted: 13 Jan 2011 03:24 PM PST ( click to enlarge ) Intel Corporation (NASDAQ:INTC) climbs in after-hours after the company released better then expected numbers after Thursday's close. The company reported fourth quarter net income of $3.4 billion, up 48% from the same period a year ago, with earnings of 59 cents a share. Intel said 2010 was by far its most profitable year with net income of $11.7 bn, record revenues and gross margins reaching a record 67.5% in the fourth quarter." 2010 was the best year in Intel's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Finding Parking For Capital Posted: 13 Jan 2011 03:17 PM PST Cusick's Corner
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| Medical Device ETFs Destined To Shine Posted: 13 Jan 2011 03:17 PM PST Increased demand from emerging markets and domestic macro factors are expected to be major driving forces behind growth in the medical device and biotechnology sectors and the exchange traded funds [[ETFs]] that track them.
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| Gold And Silver Update 1.13.2011 – Bearish Signals Posted: 13 Jan 2011 03:17 PM PST Gold (XAU/USD) - The 4H chart in gold (xau/usd) suggests we have completed a correction and may be heading south. The clues are:
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| Exxon To Divest North Sea Stakes Posted: 13 Jan 2011 03:05 PM PST ExxonMobil Corporation (NYSE:XOM) intends to divest its interest in four blocks in the North Sea as a part of its plan to shed non core assets. As per reports in IndigoPool, the website operated by Schlumberger Ltd. (NYSE:SLB), ExxonMobil’s recently acquired XTO Energy owns the properties and the company did not specify any value for the assets.
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| Canadian Pacific: 2011 Capital Plan Posted: 13 Jan 2011 03:05 PM PST Canadian Pacific Railway Limited (NYSE:CP), Canada's second biggest railway, plans to invest C$950 million to C$1.05 billion in capital projects this year. The capital plan represents an increase of approximately 30% from the C$750 million to C$800 million budgeted for 2010.
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| AIG Divests, Aims For Recapitalization Posted: 13 Jan 2011 02:35 PM PST Yesterday American International Group Inc. (NYSE:AIG) announced that not only has it finalized the deal to dispose of its Nan Shan Life Insurance Co. in Taiwan, the company also aims to complete the recapitalization by the end of this week, keeping track with the scheduled time-frame.
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| Intel Beats Low Expectations Again Posted: 13 Jan 2011 02:35 PM PST Following a similar pattern from the past several quarters, Intel Corp. (NASDAQ:INTC) has posted an impressive earnings beat headline of 59 cents per share on revenues of $11.5 billion in the company’s fiscal 4th quarter of 2010 after the bell Thursday. The Zacks Consensus Estimates had been 53 cents per share on $11.367 billion in revenues. In fact, the numbers marked Intel’s best 4th quarter ever, and set company records for EPS, revenue, gross margin (67.5%) operating income ($4.3 billion) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Marriott’s VC To Exit In March Posted: 13 Jan 2011 02:05 PM PST Bethesda, Maryland-based Marriott International, Inc (NYSE:MAR), a lodging company announced that William J. Shaw, the vice chairman of the company, will retire on March 31, after serving Marriott for 37 years.
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| Closing Bell Market Monitor: MRK, MRO Posted: 13 Jan 2011 02:00 PM PST 01/13/11 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 13 Jan 2011 01:55 PM 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 1.3362, up 1.76% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3383, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Empire East Land Holdings (ELI), Breaking Ground Posted: 13 Jan 2011 01:42 PM PST On January 13, Andrew Tan-led Empire East Land Holdings, Inc. (ELI), a property firm that was spun off from Megaworld Corporation (MEG) in 1994 since it caters to the middle income market, jumped by another 13.85% from an opening of PHP 0.69 to PHP 0.74. The other day, we saw it soaring by 14.04% from PHP 0.57 to PHP 0.65. So what's behind ELI's sudden move?
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| Posted: 13 Jan 2011 01:42 PM PST A new nationwide poll by the Pew Research Center for the People & the Press reveals an interesting perspective on the global economic pecking order:
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 13 Jan 2011 01:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims. USD/JPY was trading at 82.80, down 0.25% at time of writing. The pair was likely to find support at 82.55, today's low, and resistance at 83.49, Tuesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: U.S. Banks Stock Update Posted: 13 Jan 2011 01:35 PM PST Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan defaults and the impact of tighter regulations and policy changes. After enduring extraordinary shocks in 2008, U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 01:35 PM PST American Capital Agency Corp. (NASDAQ:AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced the preliminary results for fourth quarter 2010. The company anticipates quarterly earnings (including non-recurring items) to exceed $2.25 per share.
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| European Central Bank Maintains Lending Rate At 1.00% Posted: 13 Jan 2011 01:27 PM PST The European Central Bank maintained the main refinancing operations interest rate at 1.00%, and held the marginal lending facility at 1.75%, and deposit facility at 0.25%. The EU last reported inflation at 2.2% in December, ECB Governor Jean-Claude Trichet noted that rising energy commodity prices had started to impact on headline … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 13 Jan 2011 01:25 PM 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 1.3360, up 1.74% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3383, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bank Of England Retains Rate At 0.50%, No Changes To Monetary Policy Posted: 13 Jan 2011 01:12 PM PST The Bank of England's Monetary Policy Committee held the main Bank Rate at 0.5%. The Bank also made no changes to the £200 billion asset purchase program. The United Kingdom last reported inflation of 3.3% in November, which is above the Bank’s official inflation target. The full minutes of the monetary policy committee meeting are due to be published at 9.30am on the 26th of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Mixed At Close; Dow Jones Down 0.20% Posted: 13 Jan 2011 01:10 PM PST Forex Pros – U.S. stocks were mixed after the closing bell on Thursday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.20%, the S&P 500 index shed 0.17%, while the Nasdaq 100 index climbed 0.03%. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised up from 409.00K. Analysts had expected Initial Jobless Claims to fall to 404.00K … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 01:05 PM PST JPMorgan Chase & Co. (NYSE:JPM) is scheduled to report its fourth quarter and full year 2010 results before the market opens on Friday, January 14, 2011. The Zacks Consensus Estimate for the fourth quarter is $1.00 per share, representing growth of about 35% over the year-ago quarter. For the full year, the Zacks Consensus Estimate stands at $3.85 per share, which implies a growth of about 72% over the prior year.
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| Novatel MiFi To Face Challenge Posted: 13 Jan 2011 01:05 PM PST MiFi, the legendary mobile intelligent hotspots of Novatel Wireless Inc. (NASDAQ:NVTL) is under trouble. Recently, a Bloomberg report forecasted that Verizon Wireless (NYSE:VZ) will soon start selling Apple Inc's (NASDAQ:AAPL) iPad with internal connectivity for its high-speed 3G networks.
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| The Bank Of Mozambique Raised Its Interest Rate 100bps To 16.50% Posted: 13 Jan 2011 01:04 PM PST The Bank of Mozambique raised its key lending rate by 100 basis points to 16.5%. The Bank also raised the interest rate paid on deposits by 100 basis points to 5%, and lifted the required reserve rate by 25 basis points to 9%, with the changes coming into effect on the 7th of February 2011. The Bank noted the moves were intended to be counter-cyclical, to mitigate price rises this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bank Of Korea Raised The 7-day Repo Rate 25bps To 2.75% Posted: 13 Jan 2011 12:51 PM PST The central bank in South Korea raised the benchmark seven-day repurchase rate by 25 basis points to 2.75%. The Bank of Korea noted the rising threat of inflation, explaining their expectation of “inflationary pressures to persist and inflation expectations to increase as the economic upswing continues and international commodity prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Central Bank Of Latvia Kept The Refinancing Rate At 3.50% Posted: 13 Jan 2011 12:47 PM PST The central bank of Latvia maintained its benchmark refinancing rate unchanged at 3.50%. The Bank also kept the 7day deposit facility rate unchanged at 0.375% and the overnight deposit facility rate at 0.25%, and made no adjustments to reserve requirements. The Bank noted there was no significant threats to price stability at this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The U.S. Session Posted: 13 Jan 2011 12:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.5827, up 0.39% at time of writing. The pair was likely to find support at 1.5476, Monday's low, and resistance at 1.5884, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 13 Jan 2011 12:35 PM PST Following the rating outlook revision to stable from negative for the U.S. Health Insurance and Managed Care sector, the rating agency Fitch Ratings also took rating actions on Aetna Inc. (NYSE:AET), one of the major companies in the space.
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| Invesco’s AUM Rises In December Posted: 13 Jan 2011 12:35 PM PST On Tuesday, Invesco Ltd. (NYSE:IVZ) reported preliminary assets under management (AUM) of $616.0 billion at the end of December 2010, up 0.8% from $611.1 billion at the end of November. The increase in AUM was primarily attributed to the strengthening of foreign currencies against the U.S. dollar (resulting in an AUM spike of $2.9 billion) and positive returns from financial markets internationally.
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| More Thoughts On Trade Deficit Posted: 13 Jan 2011 12:35 PM PST In my earlier post today about the trade deficit (see “Trade Deficit Falls Again”), I argued that one essential step in curing the Trade Deficit is for the dollar to get weaker. (The other essential step is to once and for all start to cure our addiction to imported oil.) A weaker dollar would make imported goods more expensive, and thus consumers would buy less of them. In some cases people would do without the goods, in others, the imports would be replaced with goods produced here in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| A Lesson In Trading Intraday Arc Divergences With Dual Timeframes In UUP Posted: 13 Jan 2011 12:32 PM PST I always like doing "Step-Inside" analysis with trades and price structure, especially when combined with a known reference level on the higher timeframes.
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| Posted: 13 Jan 2011 12:05 PM PST International Flavors & Fragrances Inc. (NYSE:IFF) recently announced its plans to invest over $100 million in two new state-of-the-art manufacturing facilities in Greater Asia over the next three years. The facilities will be located in Guangzhou, China and Singapore.
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| Wright, AlloSource In New Pact Posted: 13 Jan 2011 12:05 PM PST International orthopedic devices company Wright Medical (NASDAQ:WMGI) has forged a supply and distribution agreement with Colorado-based leading bone and tissue allografts provider AlloSource for a novel bone graft product dubbed FusionFlex Bone Matrix.
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| Forex – USD/CAD Up During The U.S. Session Posted: 13 Jan 2011 12:05 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CAD was trading at 0.9893, up 0.35% 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. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 445.00K last week from 410.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Is Still The World’s #1 Manufacturer Posted: 13 Jan 2011 11:39 AM PST We hear all the time about the “decline of U.S. manufacturing” (84,000 Google hits) or even more drastically, about “the death of American manufacturing” (15,400 Google hits). The chart above shows the U.S. share of world manufacturing output, annually from 1970 to 2009, based on data from the United Nations. There has been a recent decline in America’s share of world manufacturing output, from 25.3% a decade ago in 1999 to 16.82% in 2008, but note several important facts about the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Rallies On Pipeline Shutdown, Stockpile Drop Posted: 13 Jan 2011 11:20 AM PST 01/13/11 The EIA’s announcement of a drop in crude stockpiles as well as an Alaskan pipeline needing to be halted in order to repair a leak has paved the way for another rise in crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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