DailyMarkets.com - Tenet Forecasts 2011 Earnings

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• Tenet Forecasts 2011 Earnings
• JBS Reconsiders Sara Lee Bid
• Northern Trust Upgraded To Neutral
• DryShips Downgraded To Neutral
• Forex – EUR/USD Up During The U.S. Session
• Verizon IPhone To Debut Feb. 10
• Sears Expects Earnings Rebound
• RadioShack To Underperform
• “Portugal’s Bond Issuance Quite Successful”
• Emergency Care Now Top Priority
• L-3 On An Acquisitive Mode
• Forex – AUD/USD Up During The U.S. Session
• Euro Rebound Continues
• Commtouch (CTCH) Sees Traction From Command Asset Purchase
• Ranking Tech, Energy, Aerospace And Conglomerates
• Tiffany Sparkles, As Sales Rise
• Northrop Gets Boeing Contract
• Forex – NZD/USD Down During The U.S. Session
• European Markets Close Higher; Dax Up 1.83%
• Financial Advice
• BioMarin Studies Cure For Cancer
• MarkWest Prices Its Offer
• Commtouch (CTCH) Sees Traction From Command Asset Purchase
• Novell’s Solution Gain Traction
• Forex Trading: EURUSD Moves Above 200 Day MA And Surges
• Grain Traders Await USDA Crop Production And Grain Stocks Reports
• Glimcher Completes Share Offer
• Forex – EUR/USD Up At The End Of European Session
• Crude Rallies Above $91
• Forex Trading: GBPUSD Test 100 Day MA And 38.2% Retracement
• PX Commercializes DOC Technology
• Cheesecake Preliminary Sales Up
• Earnings Preview: CRA International
• Dillard Clocks Positive Sales
• Wells Fargo On An Acquisition Spree
• ALTH’s Preliminary 4Q Sales Impress
• Forex Trading: EURUSD Approaches 200 Day MA
• FX Levels And Outlooks 1.12.2011 – USD/CAD AUD/USD Gold
• New Partner In Geothermal Project To Lift Basic Energy Corporation (BSC)?
• Forex – Dollar Mixed Vs. Rivals After Portugal Sale Boosts Sentiment
• Forex – GBP/USD Rises To 1-month High As Risk Aversion Eases
• Forex – EUR/USD Climbs To 4-day High After Portugal Debt Auction
• Portuguese Auction Success Weighs On Core European Yields
• Euro Hopes Fanned By Commissioner’s Revamp Pep Talk

Tenet Forecasts 2011 Earnings Posted: 12 Jan 2011 12:05 PM PST Amidst the ongoing unsolicited takeover bid from Community Health Systems Inc (NYSE:CYH), Tenet Healthcare Corporation (NYSE:THC) anticipates growth in 2011 on the back of improved patient volume trends. According to Tenet, patient volume trends have been moving in the right direction even in the weak economy. Tenet therefore expects its 2011 earnings to be boosted by 37% – 50% each year from 2010 to 2015. Tenet also anticipates EBITDA to grow at an average of 11% – 16% on average revenue growth of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JBS Reconsiders Sara Lee Bid Posted: 12 Jan 2011 12:05 PM PST The shares of Sara Lee Corp. (NYSE:SLE) rose more than 2.5% after the news that the world's top meat processor JBS S.A. along with a group of private equity firms are about to reconsider the bid for Sara Lee's meat and coffee division. Previously, the company rejected the bid of about $17.50 per share considering it to be too low. Although Sara Lee did not provide any purchase price to JBS S.A., sources reveal that the company is looking for a sell out at $20.00 per share. Sara Lee … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northern Trust Upgraded To Neutral Posted: 12 Jan 2011 12:05 PM PST We are upgrading our recommendation on Northern Trust Corporation (NASDAQ:NTRS) to Neutral from Underperform based on the company's solid capital ratios, a competitive dividend yield and an attractive business model. Northern Trust's third quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents, attributed to low interest rate environment and lingering economic recovery. The company reported earnings of 82 cents both in the prior quarter and prior-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DryShips Downgraded To Neutral Posted: 12 Jan 2011 11:35 AM PST We downgrade our recommendation on DryShips Inc. (NASDAQ:DRYS) to Neutral due to the increasing competition in the drybulk shipping, which may result in steep fall of freight rates in 2011. The company's recent decision to acquire 12 new oil tankers may not be able to generate required synergies due to the ongoing depressive situation of the global oil tanker market. DryShips recently entered into an agreement with a first class Korean shipyard to purchase 12 oil tankers for a consideration of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The U.S. Session Posted: 12 Jan 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3126, up 1.17% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3138, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8331 and EUR/JPY rising 0.85% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Verizon IPhone To Debut Feb. 10 Posted: 12 Jan 2011 11:10 AM PST Market speculation about Verizon Wireless selling Apple Inc. (NASDAQ:AAPL) iPhone 4 has been appeased with the two companies finally reaching an agreement. Verizon announced that it will begin selling the handset from February 10, 2011 and pre-orders for existing customers will be cleared online from February 3. Verizon Wireless is a venture between Verizon Communications (NYSE:VZ) and Vodafone Group Plc (NYSE:VOD). The iPhone will be available at all Verizon stores at $199.99 for the 16GB model and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sears Expects Earnings Rebound Posted: 12 Jan 2011 11:05 AM PST Sears Holdings Corporation (NASDAQ:SHLD) after suffering a double-digit loss in the third quarter of fiscal 2010, now expects to rebound and post a net income for the quarter ended January 29, 2011. The company anticipates earnings in the range of $370 million to $450 million, which entails earnings per share of $3.39 to $4.12. The company had earned $3.74 per share in the prior-year period. For the full year ended January 29, 2011, the company expects to earn in a band of $130 million to $210 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RadioShack To Underperform Posted: 12 Jan 2011 11:05 AM PST We downgrade our recommendation on RadioShack Corp. (NYSE:RSH) to Underperform. The decrease in rating is attributable to the company's profitability, which may suffer in 2011 due to several reasons. The transition of Kiosks businesses from Wal-Mart Store Inc's (NYSE:WMT) Sam's Club to Target stores will result in huge loss in operating profit.  Management predicted that pressure on gross margin will continue in near future since the company is working hard to revamp its struggling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Portugal’s Bond Issuance Quite Successful” Posted: 12 Jan 2011 11:00 AM PST 01/12/10 ICAP’S Kenneth Polcari weighs in on Portugal’s bond auction, and weighs in on the advance in US financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Emergency Care Now Top Priority Posted: 12 Jan 2011 10:35 AM PST Emergency Medical Services Corporation (NYSE:EMS) is in an acquisition spree. Recently, the company's EmCare segment acquired Florida based North Pinellas Anesthesia Associates and Northwood Anesthesia Associates, an anesthesia provider. This acquisition will increase Emergency Medical's clinician strength by 40 persons apart from providing services to two hospitals and seven ambulatory surgical centers in that area. The company expects this deal to add $ 15 million in annual net revenue. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates

L-3 On An Acquisitive Mode Posted: 12 Jan 2011 10:35 AM PST L-3 Communications Holdings Inc. (NYSE:LLL) acquired FUNA International, GmbH. The business will be a part of L-3 Communications' Electronic Systems segment. Headquartered in Germany, FUNA is a leading supplier of control and safety systems, communication systems and entertainment solutions for cruise ships, ferries and mega yachts. FUNA's fire detection and suppression systems are also used in offshore wind turbines. FUNA is expected to generate approximately $60 million of sales for the year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session Posted: 12 Jan 2011 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9963, up 0.92% at time of writing. The pair was likely to find support at 0.9804, Tuesday's low, and resistance at 0.9992, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.24% to hit 1.3176 and AUD/JPY rising 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rebound Continues Posted: 12 Jan 2011 05:22 AM PST 01/12/11 The euro currency continued to rise this session following growing speculation that bond purchases by Asian nations will help stem the eurozone debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Commtouch (CTCH) Sees Traction From Command Asset Purchase Posted: 12 Jan 2011 10:05 AM PST Ken Nagy, CFA Commtouch (CTCH) Sees Traction From Command Asset Purchase On January 11, 2011 Commtouch (CTCH) announced that during Q4 2010 it closed several new customer agreements for its Command Antivirus® solution, which was acquired in September 2010 from Authentium. Following the acquisition, the Command development team invested additional resources in further enhancing the product's capabilities. In the November benchmark tests performed by industry-leading AV-Test GmbH, Commtouch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ranking Tech, Energy, Aerospace And Conglomerates Posted: 12 Jan 2011 10:05 AM PST In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However, since it is organized by the individual metric, such as Annual Earnings Growth or P/E, it can be hard to get an overall picture of a given economic sector. In these posts I will try to rectify that. Since there is a lot to write about in each sector, I will cover four sectors in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tiffany Sparkles, As Sales Rise Posted: 12 Jan 2011 10:05 AM PST With the economy gradually reviving, Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, witnessed better-than-expected holiday sales results, as customers flocked to jewelry shops signaling improved demand for luxury items, thereby prompting management to lift its outlook. Tiffany hinted that it witnessed robust sales of higher-end fine jewelry collections, diamond engagement rings and fashion gold jewelry during the holiday period of November and December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northrop Gets Boeing Contract Posted: 12 Jan 2011 10:05 AM PST Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NYSE:NOC) announced that its Scalable Space Inertial Reference Unit also known as Scalable SIRU has been selected as the inertial reference unit for The Boeing Company's (NYSE:BA) Space and Intelligence Systems satellite platform. As per the terms of the strategic agreement between Boeing and Northrop Grumman, the Scalable SIRU will be incorporated as the baseline design for Boeing satellites over the next … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session Posted: 12 Jan 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7604, down 0.02% at time of writing. The pair was likely to find support at 0.7556, Friday's low, and resistance at 0.7647, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.70% to hit 1.3069 and EUR/NZD rising 0.87% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 1.83% Posted: 12 Jan 2011 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 1.83%, London's FTSE 100 gained 0.61%, France's CAC 40 climbed 2.15% and the EURO STOXX 50 was up 2.95%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.85%; the S&P 500 index gained 0.92%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Financial Advice Posted: 12 Jan 2011 09:47 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BioMarin Studies Cure For Cancer Posted: 12 Jan 2011 09:35 AM PST Recently, BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced the initiation of an early-stage study of its cancer candidate BMN 673. BMN 673, administered orally once a day, is being developed for treating patients suffering from genetically-defined cancers. The study will evaluate approximately 70 patients (aged above 18 years) suffering from advanced or recurrent solid tumors. The primary goal of the open-label study is to find the maximum tolerated dose of the candidate.  The secondary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MarkWest Prices Its Offer Posted: 12 Jan 2011 09:35 AM PST Pipeline operator MarkWest Energy Partners L.P. (MWE) has priced a public offering of 3,000,000 common units at $41.20 a piece, with an over-allotment option for an additional 450,000 units. MarkWest plans to use the net proceeds from this offering – expected to be approximately $120.1 million after the underwriting discount and estimated offering expenses – to part-finance its ongoing capital expenditure program, including a portion of the costs related to the previously announced purchase … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Commtouch (CTCH) Sees Traction From Command Asset Purchase Posted: 12 Jan 2011 09:35 AM PST Ken Nagy, CFA Commtouch (CTCH) Sees Traction From Command Asset Purchase On January 11, 2011 Commtouch (CTCH) announced that during Q4 2010 it closed several new customer agreements for its Command Antivirus® solution, which was acquired in September 2010 from Authentium. Following the acquisition, the Command development team invested additional resources in further enhancing the product's capabilities. In the November benchmark tests performed by industry-leading AV-Test GmbH, Commtouch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novell’s Solution Gain Traction Posted: 12 Jan 2011 09:35 AM PST Enterprise software developer Novell Inc. (NASDAQ:NOVL) announced that its collaboration solutions are gaining traction amongst customers. Users are increasingly purchasing Novell’s host of collaboration solutions for email, social networking, conferencing and file management. Novell cited that more than 9,500 customers have purchased or renewed its lean and cost effective collaboration solutions in 2010, thereby generating increased return on investment. Last year, Novell launched Novell GroupWise, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Above 200 Day MA And Surges Posted: 12 Jan 2011 09:32 AM PST The EURUSD moved above he 1.3070 and 1.3078 level and surged to the upside. The pair is testing the channel resistance from the 5 minute chart. This may/should solicit some profit taking sellers.  On dips however, the 1.3078 level is the key borderline where I would expect buyers with a tight stop on  a move below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Grain Traders Await USDA Crop Production And Grain Stocks Reports Posted: 12 Jan 2011 09:18 AM PST Today’s Idea Corn futures prices might be the most vulnerable to a sell-off, as the huge net-long position being held by speculators combined with relatively high Corn prices may trigger long-liquidation selling should the USDA report “disappoint ” Corn bulls. There appears to be good support in March Corn at 595.00, and should this level fail to hold, there could be significant stop-loss selling below. Some traders may wish to consider selling March Corn at 594.00 on a stop, with a protection … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Glimcher Completes Share Offer Posted: 12 Jan 2011 09:05 AM PST Glimcher Realty Trust (GRT), a real estate investment trust (REIT), has recently completed its secondary offering of 14.8 million common shares at $8.30 per share, including 1.8 million shares sold to the underwriters to cover the over-allotment options. BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (BAC); Wells Fargo Securities, the investment banking division of Wells Fargo & Company (NYSE:WFC); KeyBanc Capital Markets, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of European Session Posted: 12 Jan 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3069, up 0.73% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3070, today's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8316 and EUR/JPY rising 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rallies Above $91 Posted: 12 Jan 2011 09:00 AM PST 01/12/11 Another rise in higher-yielding currencies and growing optimism that the US econoimic recovery will lead the way to a jump in energy demand has allowed another rally in crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Test 100 Day MA And 38.2% Retracement Posted: 12 Jan 2011 08:46 AM PST Key level for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PX Commercializes DOC Technology Posted: 12 Jan 2011 08:36 AM PST Praxair Inc's (NYSE:PX) Chinese unit, Praxair China, recently announced an agreement to provide the company's Dilute Oxygen Combustion (DOC) technology to Jinchuan Group Limited, an integrated non-ferrous metallurgical and chemical industrial enterprise. The technology, to be applied at two copper furnaces, will enable Jinchuan Group to save approximately 10 million RMB per year through higher energy efficiency and lower cost for furnace operations. This technology uses high-momentum fuel and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cheesecake Preliminary Sales Up Posted: 12 Jan 2011 08:35 AM PST Cheesecake Factory Inc (CAKE), a leading upscale dining operator in the U.S., announced its preliminary sales results for the fourth quarter and fiscal 2010. The company expects to report its full results on February 10, 2011. The California-based company's total revenue rose 4.0% year over year to $417 million for the reported quarter, in line with the Zacks Consensus Estimate. The upside in revenue was perked up by higher comparable sales growth. Comparable restaurant sales inched up 0.9% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: CRA International Posted: 12 Jan 2011 08:35 AM PST Boston, Massachusetts-based CRA International Inc. (CRAI), formerly Charles River Associates, is slated to release its fourth quarter and fiscal 2010 results on Thursday, January 13. The current Zacks Consensus Estimate for the quarter is 31 cents per share (reflecting an annualized decline of 12.4%) and 83 cents per share for 2010 (reflecting a year-over-year decline of 28.8%). With respect to earnings surprises over the trailing four quarters, CRA International has oscillated from negative … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dillard Clocks Positive Sales Posted: 12 Jan 2011 08:35 AM PST Dillard's Inc. (NYSE:DDS) reported a 7% increase in same-store sales for the five weeks ended January 1, 2011. Results for the reported month compare favorably with a same-store sales decline of 7% for the five weeks ended January 2, 2010. Merchandise sales for the period increased 6% to $1.1 billion. On a regional basis, sales trend was above average in the East, in line with trend in the Central region but below average in the West. While sales in the shoes category shone, trends for cosmetics … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wells Fargo On An Acquisition Spree Posted: 12 Jan 2011 08:35 AM PST Wells Fargo & Company (NYSE:WFC) is on an acquisition spree. Its insurance unit, Wells Fargo Insurance Services, has acquired JFK Consulting Group LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kansas. The acquisition closed on November 29, 2010. Terms of the transaction were not disclosed. The deal would help Wells Fargo Insurance to strengthen its presence in Kansas. JFK Consulting Group provides employee benefit brokerage and consulting services to a large … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ALTH’s Preliminary 4Q Sales Impress Posted: 12 Jan 2011 08:35 AM PST Recently, Allos Therapeutics, Inc. (NASDAQ:ALTH) announced preliminary financial highlights for the fourth quarter of 2010. The company, which expects to report fourth quarter as well as full year earnings in March 2011, also provided a summary of its business plans for 2011. The preliminary results indicated that the company will earn approximately $11.8 million from gross product sales in the final quarter of 2010 as against $9.3 million earned in the third quarter of 2010. Net product sales in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Approaches 200 Day MA Posted: 12 Jan 2011 08:22 AM PST ..and finds profit taking sellers. High reached … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.12.2011 – USD/CAD AUD/USD Gold Posted: 12 Jan 2011 08:19 AM PST USD/CAD Breaks Below TriangleResistance 1: 0.99; R2: 0.9980 and declining trendline; R3: 1.00-1.0020 Support 1: 0.9850; Bearish target: 0.9750 (2008 low) - USD/CAD declined as expected, and strengthens the outlook towards 0.9750. - We are not even seeing oversold levels in 1H or 4H chart, but that is most likely going to happen. The market looks to accelerate here after being choppy for most of 2010. - Also, the break below triangle has a pattern breakout projection near 0.9750 as well. - … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Partner In Geothermal Project To Lift Basic Energy Corporation (BSC)? Posted: 12 Jan 2011 07:55 AM PST Basic Energy Corporation or BSC is one of the publicly listed firms in the Philippines that is engaged in the development of alternative and renewable energy. In a disclosure that was published back in April 2010, the company said that it was looking for partners that would develop and further explore the Mabini, Batangas geothermal area. Based on the study that the company made, the field has a potential capacity to produce 20 megawatts (MW) of electricity. The good news is that the presence … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After Portugal Sale Boosts Sentiment Posted: 12 Jan 2011 07:54 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as a successful Portuguese debt auction soothed investor concerns over the euro zone's sovereign debt crisis. During early U.S. trade, the greenback was down against the euro, with EUR/USD advancing 0.56% to hit 1.3046. Following the auction, Portugal's government debt agency said the premium investors demanded to hold Portuguese government bonds fell for the nine year bills but rose slightly for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Rises To 1-month High As Risk Aversion Eases Posted: 12 Jan 2011 07:45 AM PST Forex Pros – The pound erased earlier losses against the U.S. dollar on Wednesday, surging to a one month high as risk aversion eased following a successful auction of Treasury bills by Portugal. GBP/USD clawed up from 1.5583, the daily low to hit 1.5566 during early U.S. trade, gaining 0.45%. Cable was likely to find support at 1.5511, Tuesday's low and resistance at 1.5773, the high of December 15. Earlier in the day, Portugal sold the maximum amount of EUR1.25 billion bonds at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Climbs To 4-day High After Portugal Debt Auction Posted: 12 Jan 2011 07:39 AM PST Forex Pros – The euro climbed to a four day high against the U.S. dollar on Wednesday, rebounding from a daily low after Portugal sold the maximum EUR1.25 billion of bonds. EUR/USD hit 1.3057 during early U.S. trade, the pair's highest since January 6; the pair subsequently consolidated at 1.3046, gaining 0.56%. The pair was likely to find support at 1.2872, Monday's low and a four month low and resistance at 1.3169, the high of January 6. Earlier Wednesday, Portugal sold the maximum … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Portuguese Auction Success Weighs On Core European Yields Posted: 12 Jan 2011 07:22 AM PST A successful bond auction for Portugal on Wednesday following ECB purchases of its bonds on Tuesday has instilled a little more confidence in the health of financial markets. The implications of lower Portuguese bond yields are weighing on the safe haven status of major world bonds this morning sending bond futures contracts lurching lower. European bond markets – The benchmark Portuguese bond yield slipped further away below the line in the sand that market observers say would mark the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Hopes Fanned By Commissioner’s Revamp Pep Talk Posted: 12 Jan 2011 07:13 AM PST European session pressure on the dollar came to a brisk halt in early New York trading with the euro, pound and yen each surrendering gains to the greenback in rapid succession. Investors were encouraged over the prospects for a Portuguese auction following comments penned by EU Monetary Affairs Commissioner Ollie Rehn who urged cohorts to soon consider reinforcing the scope of the Eurozone’s current and emergency backstops and enhancing the degree of flexibility of the measures. U.S. Dollar – … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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