DailyMarkets.com - Central Bank Of Armenia Raises Rate 50bps To 7.75%
DailyMarkets.com - Central Bank Of Armenia Raises Rate 50bps To 7.75% |
- Central Bank Of Armenia Raises Rate 50bps To 7.75%
- Forex – GBP/JPY Down During The Asian Session
- The Day Ahead: Earnings, Bernanke Testimony, UK And German Trade Balance, China HSBC Services PMI
- Forex – NZD/USD Up In Asian Trade
- ETF News Update: Magic Markets Levitate Higher Yet
- Amtech Tops Consensus
- Netgear Moves Past Estimates
- Hot Option Plays: 2011 Timers Market
- ITW To Get Tax Benefits
- M&T Bank Reiterated At Neutral
- There’s No Food Inflation In The U.S.
- Top Trade Ideas For Wednesday, February 9
- Drab 2010 For PartnerRe
- Stryker Wraps Up OP-1 Sale
- OPTR-Astellas Pact For Fidaxomicin
- Ericsson Beats Estimates
- New Pricing Plans From Dominion
- Closing Bell Market Monitor: MCD, SLE, UBS, KND
- Forex – EUR/USD Up At The End Of U.S. Session
- Treasury Spread Shows No Sign Of Inflation
- GE Oil & Gas Wins Order
- ACE Wraps Up Korean Acquisition
- Natco Challenges Gilead’s Tamiflu
- Forex – USD/JPY Up Toward The End Of U.S. Session
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.59%
- Anadarko’s New Mozambique Discovery
- Label Updated For BMY’s Drug
- Forex – GBP/USD Down During The U.S. Session
- ArcelorMittal Suffers Losses
- Abercrombie’s Comparables Slide
- NYSE Euronext Clears Low Bar
- Ensco To Take “Pride”
- Forex – USD/CAD Up In U.S. Trade
- Dillard’s January Sales Up
- Entergy Scrapes Past Consensus
- Sara Lee Misses, Reaffirms Guidance
- Hot Option Plays: Future High Noon Showdown
- Forex – EUR/USD Up In U.S. Trading Hours
- Analyst Interviews: Health Insurance Industry Outlook
- TransDigm Posts Lesser Loss
- Forex Trading: EURUSD Rotates Down After Testing Resistance
- Fifth Third Clears TARP Dues
- “Inflation: Dirty I-word Rearing Its Head”
- Pipeline Setback For AstraZeneca
- Ford Recalls New Explorers
- Forex – AUD/USD Up In U.S. Trade
- Forex – NZD/USD Up During The U.S. Session
- European Markets Close Higher; Dax Up 0.54%
- Bearish Player Paws At Cubist Pharmaceuticals
- Forex – EUR/USD Up At The End Of European Session
- Dollar Declines On China Rate Hike
- Forex – Dollar Down Vs. Most Rivals After China Rate Hike
- Forex – GBP/USD Trims Losses After Soft U.S. Consumer Data
- Forex – EUR/USD Holds Gains After China Interest Rate Increase
- U.S. IBD/TIPP Economic Optimism Index Drops Unexpectedly
- Real Estate Investor Conygar Extends Share Buy-back Programme
| Central Bank Of Armenia Raises Rate 50bps To 7.75% Posted: 08 Feb 2011 04:47 PM PST The Central Bank of Armenia raised the annual refinancing rate 50 basis points to 7.75% from 7.25% previously. Armenia recorded monthly inflation of 2.8% in January this year, placing the annual inflation rate at 10.6% as rising food and commodity prices caused a surge in inflationary pressures. The Armenian Government noted in the state budget of Armenia 2011 that its inflation target is planned as 4.0% with a band of +/- … [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: 08 Feb 2011 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Wednesday. GBP/JPY was trading at 132.14, down 0.17% at time of writing. The pair was likely to find support at 130.94, Friday's low, and resistance at 133.26, Monday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.07% to hit 1.6058 and EUR/GBP rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Day Ahead: Earnings, Bernanke Testimony, UK And German Trade Balance, China HSBC Services PMI Posted: 08 Feb 2011 03:50 PM PST 02/09/11 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 In Asian Trade Posted: 08 Feb 2011 03:50 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7755, up 0.06% at time of writing. The pair was likely to find support at 0.7668, Friday's low, and resistance at 0.7788, 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 1.3088 and EUR/NZD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ETF News Update: Magic Markets Levitate Higher Yet Posted: 08 Feb 2011 03:42 PM PST Like a magician in Las Vegas, global equities markets continue to dazzle their audiences with near historic feats of daring do that to some observers claim to be nothing short of grand illusion.
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| Posted: 08 Feb 2011 03:40 PM PST Amtech Systems Inc. (NASDAQ:ASYS) reported fiscal first quarter 2011 diluted earnings per share of 52 cents, moving ahead of Zacks Consensus Estimate of 37 cents. Though the reported earnings was down 10.3% sequentially, it was up considerably from 1 cent that it had earned in the year ago quarter.
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| Posted: 08 Feb 2011 03:20 PM PST Netgear Inc. (NASDAQ:NTGR) reported fourth quarter 2010 Non-GAAP earnings per share of 44 cents beating the Zacks Consensus Estimate of 41 cents. The EPS increased 29.4% from the year-ago quarter but shed 2.2% sequentially.
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| Hot Option Plays: 2011 Timers Market Posted: 08 Feb 2011 03:18 PM PST Cusick's Corner
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| Posted: 08 Feb 2011 03:10 PM PST Illinois Tool Works Inc. (NYSE:ITW), on February 4, received a favorable judgment from the Federal Court of Australia in relation to tax a dispute case with the Australian Taxation Office.
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| M&T Bank Reiterated At Neutral Posted: 08 Feb 2011 03:10 PM PST We reiterate our Neutral recommendation on M&T Bank Corporation (NYSE:MTB) following its fourth quarter and full-year 2010 earnings release. The reiteration is based on the company's fundamentals, recent acquisitions and the current economic environment.
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| There’s No Food Inflation In The U.S. Posted: 08 Feb 2011 02:37 PM PST We hear a lot lately about how the prices for commodities, metals (gold and copper), agricultural products and food are rising, but it sure hasn’t started showing up yet in the CPI for Food and Beverages, see chart above of annual price inflation for that series. Annual food inflation through December 2010 was only 1.5%, more than a full percent below the ten-year average of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Top Trade Ideas For Wednesday, February 9 Posted: 08 Feb 2011 02:37 PM PST ( click to enlarge ) Rambus Inc. (NASDAQ:RMBS), after a big price-volume surge in December, the stock has consolidated in the last two months in the 20-21.50 trading range, which looks like it’s ready to be broken. The consolidation and compression that has been going on in the last weeks is very healthy. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. If a breakout occurs I expect to see the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Feb 2011 02:35 PM PST PartnerRe Ltd.'s (NYSE:PRE) fourth quarter operating earnings per share of $1.52 came in substantially higher than the Zacks Consensus Estimate of $1.30 per share. However, this was way behind the earnings of $3.87 per share in the year-ago quarter.
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| Posted: 08 Feb 2011 02:35 PM PST Stryker Corp (NYSE:SYK) has completed the divestiture of its bone growth product franchise (the "OP-1" product line) to Tokyo-based optical, medical and communication equipment maker Olympus Corporation for $60 million. The transaction includes the Michigan-based company's manufacturing plant in Lebanon, New Hampshire. Stryker forged a definitive agreement to jettison these assets in December 2010.
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| OPTR-Astellas Pact For Fidaxomicin Posted: 08 Feb 2011 02:35 PM PST Optimer Pharmaceuticals Inc. (NASDAQ:OPTR) recently announced that it has entered into an exclusive collaboration and license agreement with Astellas Pharma Europe Ltd. for the development and commercialization of its pipeline candidate, fidaxomicin, in Europe and certain other countries in the Middle East, Africa and Commonwealth of Independent States (CIS).
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| Posted: 08 Feb 2011 02:10 PM PST LM Ericsson Telephone Company (NASDAQ:ERIC) reported earnings of 28 cents per share from continuing operations for the fourth quarter of 2010, exceeding the Zacks Consensus Estimate of 25 cents.
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| New Pricing Plans From Dominion Posted: 08 Feb 2011 02:10 PM PST Dominion Virginia Power, a subsidiary of Dominion Resources Inc. (NYSE:D), is seeking the approval of the Virginia State Corporation Commission for an electric pricing program meant to encourage customers to charge plug-in electric vehicles during off-peak hours.
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| Closing Bell Market Monitor: MCD, SLE, UBS, KND Posted: 08 Feb 2011 02:00 PM PST 02/08/11 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: 08 Feb 2011 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3624, up 0.30% at time of writing. The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3826, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.58% to hit 0.8480 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Treasury Spread Shows No Sign Of Inflation Posted: 08 Feb 2011 01:44 PM PST The current spread between nominal 10-year Treasuries at 3.68% (data) and 10-year TIPS (data) at 1.30% has increased slightly over the last few months, to the current level of 238 basis points as of February 4. But the current spread is still below the 250 basis point average during 2004, 2005, 2006, 2007 and the first half of 2008 (see chart above). At least by this Treasury bond-market derived estimate of future inflation, there don’t appear to be any inflationary pressures … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Feb 2011 01:40 PM PST The Oil and Gas Division of General Electric Company (NYSE:GE) has been awarded a contract to provide seven subsea tree and wellhead systems, by Maersk Oil North Sea UK Limited for deployment in the U.K. North Sea.
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| ACE Wraps Up Korean Acquisition Posted: 08 Feb 2011 01:40 PM PST Property and casualty insurer, ACE Limited (NYSE:ACE) wrapped up the acquisition of New York Life's Korea business for $75 million in cash.
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| Natco Challenges Gilead’s Tamiflu Posted: 08 Feb 2011 01:40 PM PST Gilead Sciences, Inc. (NASDAQ:GILD) received a notification regarding a patent challenge for its flu drug Tamiflu (oseltamivir phosphate) 75 mg capsules. As per the notification, Indian pharma company Natco Pharma Limited filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) seeking permission to manufacture and market generic versions of 75 mg Tamiflu capsules in the US. Gilead receives royalties from Roche (RHHBY) on sales of the drug.
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 08 Feb 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 82.35, up 0.04% at time of writing. The pair was likely to find support at 81.13, Friday's low, and resistance at 82.47, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.32% to hit 1.3627 and GBP/USD falling 0.26% to hit … [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: 08 Feb 2011 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3631, up 0.35% at time of writing. The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3826, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.61% to hit 0.8482 and EUR/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 0.59% Posted: 08 Feb 2011 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Tuesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.59%, the S&P 500 index gained 0.42%, while the Nasdaq 100 index climbed 0.61%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.43%; Germany's DAX gained 0.54%; Britain's FTSE 100 climbed 0.67%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Anadarko’s New Mozambique Discovery Posted: 08 Feb 2011 01:09 PM PST Independent oil and gas company Anadarko Petroleum Corporation (NYSE:APC) made its fourth natural gas discovery in the offshore Rovuma Basin. This natural gas discovery adds another feather to Anadarko's series of major deepwater discoveries offshore Mozambique, over a period of time.
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| Posted: 08 Feb 2011 01:09 PM PST Recently, Bristol-Myers Squibb Company (NYSE:BMY) announced that the US Food and Drug Administration (FDA) has approved an update to the label of the pharma major's human immunodeficiency virus (HIV) therapy Reyataz (atazanavir sulfate). The updated label will include dose recommendations for pregnant women infected with HIV.
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| Forex – GBP/USD Down During The U.S. Session Posted: 08 Feb 2011 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6074, down 0.23% at time of writing. The pair was likely to find support at 1.6029, today's low, and resistance at 1.6278, Thursday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8484 and GBP/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Feb 2011 12:40 PM PST Steel giant ArcelorMittal (NYSE:MT) reported diluted net loss of 51 cents per share in the fourth quarter of 2010, much below the Zacks Consensus Estimate of 19 cents as well as last year's 89 cents. The reported loss was attributable to impairments and some were also related to Aperam. However, in fiscal 2010, ArcelorMittal earned $1.72 per diluted share versus 11 cents in the prior year.
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| Abercrombie’s Comparables Slide Posted: 08 Feb 2011 12:40 PM PST Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported solid sales albeit at lower comps for the four-week period ended January 29, 2011. After an increase of 22% in November, the comparables somewhat moderated to a 15.0% growth in December and then fell to a 4.0% decline in January 2011.
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| Posted: 08 Feb 2011 12:10 PM PST NYSE Euronext Inc.'s (NYSE:NYX) fourth quarter operating earnings per share of 46 cents came in a couple of pennies ahead of the Zacks Consensus Estimate of 44 cents. However, earnings were substantially behind the 58 cents recorded in the year-ago quarter.
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| Posted: 08 Feb 2011 12:10 PM PST Ensco plc (NYSE:ESV) announced that it will acquire Pride International (NYSE:PDE) in a cash and stock deal valued at $7.3 billion. This move will make Ensco the world’s second-largest offshore oil and gas driller behind Transocean Inc. (NYSE:RIG) with significant presence in lucrative deepwater markets off Brazil and West Africa.
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| Forex – USD/CAD Up In U.S. Trade Posted: 08 Feb 2011 12:05 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9961, up 0.53% at time of writing. The pair was likely to find support at 0.9832, Friday's low, and resistance at 0.9978, today's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.32% to hit 1.3626 and GBP/USD falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Feb 2011 11:40 AM PST Dillard’s Inc. (NYSE:DDS), the leading apparel and home furnishing retailer in the United States reported an increase of 6% in same-store sales for the four-week period ended January 29, 2011. Results of the month compared favorably with same store sales declining 5% for the four- week period ended January 30, 2010.
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| Entergy Scrapes Past Consensus Posted: 08 Feb 2011 11:35 AM PST Before the bell, Entergy Corporation (NYSE:ETR) reported its fourth quarter and fiscal 2010 results. In the reported quarter, the company reported operational EPS of $1.30, scraping past the Zacks Consensus Estimate of $1.29. Earnings however, came lower than the year-ago quarter's $1.75.
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| Sara Lee Misses, Reaffirms Guidance Posted: 08 Feb 2011 11:35 AM PST Sara Lee Corp. (NYSE:SLE) reported strong operating income growth for the second quarter of fiscal 2011, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments and lower corporate expenses.
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| Hot Option Plays: Future High Noon Showdown Posted: 08 Feb 2011 11:18 AM PST Cusick's Corner
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 08 Feb 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3644, up 0.45% at time of writing. The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3826, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.66% to hit 0.8487 and EUR/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: Health Insurance Industry Outlook Posted: 08 Feb 2011 11:10 AM PST Health insurance companies finished 2010 strongly gaining from a drop in medical utilization by members, driven primarily by the extremely weak labor market. Bad weather also kept them indoors during the final quarter of the year. We believe utilization will remain soft in 2011, which will act as a tailwind for the industry. Looking at past trends when unemployment increased rapidly in 2008, utilization factor did not see a proportionate drop, indicating that it typically lags the former. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Feb 2011 11:10 AM PST TransDigm Group Incorporated (NYSE:TDG) reported first quarter 2011 loss per share of 19 cents, which was below the Zacks Consensus Estimate of loss per share of 32 cents.
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| Forex Trading: EURUSD Rotates Down After Testing Resistance Posted: 08 Feb 2011 10:55 AM PST |
| Posted: 08 Feb 2011 10:50 AM PST Fifth Third Bancorp (NASDAQ:FITB) is the latest bank to repay the bailout money. The company has fully paid its $3.4 billion in outstanding Troubled Asset Relief Program (TARP) funds.
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| “Inflation: Dirty I-word Rearing Its Head” Posted: 08 Feb 2011 10:45 AM PST 02/08/11 Meridian Equity Partners’ Joseph Greco discusses inflation affecting equities, amidst China’s rate hike and the latest earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Pipeline Setback For AstraZeneca Posted: 08 Feb 2011 10:40 AM PST AstraZeneca (NYSE:AZN) recently suffered a pipeline setback with the company announcing the discontinuation of a phase III study that was being conducted with its prostate cancer candidate, zibotentan.
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| Posted: 08 Feb 2011 10:40 AM PST Ford Motor Co. (NYSE:F) announced that it will recall more than 1,600 units of its newly launched Explorer sports utility vehicle due to a safety problem with the second row of seats. The vehicles were manufactured between July and December 2010.
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| Forex – AUD/USD Up In U.S. Trade Posted: 08 Feb 2011 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0156, up 0.21% at time of writing. The pair was likely to find support at 1.0084, Thursday's low, and resistance at 1.0200, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.27% to hit 1.3440 and AUD/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up During The U.S. Session Posted: 08 Feb 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7775, up 0.99% at time of writing. The pair was likely to find support at 0.7668, Friday's low, and resistance at 0.7788, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.58% to hit 1.3086 and EUR/NZD falling 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Higher; Dax Up 0.54% Posted: 08 Feb 2011 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 0.54%, London's FTSE 100 gained 0.67%, France's CAC 40 climbed 0.43% and the EURO STOXX 50 was up 0.37%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.37%; the S&P 500 index gained 0.27%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bearish Player Paws At Cubist Pharmaceuticals Posted: 08 Feb 2011 09:52 AM PST Bearish player paws at Cubist Pharmaceuticals
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| Forex – EUR/USD Up At The End Of European Session Posted: 08 Feb 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3686, up 0.76% at time of writing. The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3826, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.89% to hit 0.8506 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Dollar Declines On China Rate Hike Posted: 08 Feb 2011 09:00 AM PST 02/08/11 The US dollar fell against its major counterparts today as China lifted its interest rates for the third time since … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Down Vs. Most Rivals After China Rate Hike Posted: 08 Feb 2011 08:12 AM PST Forex Pros – The U.S. dollar was lower against most of its major counterparts on Tuesday, as risk appetite remained stable after China raised interest rates for the second time in six weeks. During European afternoon trade, the greenback was down against the euro, with EUR/USD advancing 0.55% to hit 1.3657. Earlier in the day, official data showed that German industrial production fell in December, for the second time in as many months, as unusually harsh winter weather hit the construction … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Trims Losses After Soft U.S. Consumer Data Posted: 08 Feb 2011 07:57 AM PST Forex Pros – The pound trimmed losses against the U.S. dollar on Tuesday, easing off five-day low, following a report showing that consumer confidence in the U.S. fell unexpectedly in February. GBP/USD retreated from 1.6029, the pair's lowest since February 1 to hit 1.6091 during European late afternoon trade, shedding 0.11%. Cable was likely to find support at 1.6036, last Friday's low and resistance at 1.6184, Monday's high. Earlier in the day, data showed that the IBD/TIPP … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Holds Gains After China Interest Rate Increase Posted: 08 Feb 2011 07:42 AM PST Forex Pros – The euro held gains against the U.S. dollar on Tuesday, trading close to a two-day high after China raised interest rates for the second time in six weeks, causing a short-term spike in the dollar. EUR/USD hit 1.3666 during European late afternoon trade, the pair's highest since Friday; the pair subsequently consolidated at 1.3641, gaining 0.44%. The pair was likely to find support at 1.3573, the days low and resistance at 1.3824, the high of February 3. Risk appetite … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. IBD/TIPP Economic Optimism Index Drops Unexpectedly Posted: 08 Feb 2011 07:08 AM PST Forex Pros – Consumer confidence in the U.S. fell unexpectedly in February, industry data showed on Tuesday. In a report, Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index slipped to 50.9 in February, down from January’s reading of 51.9. Economists had expected the index to increase to 52.8. A reading above 50.0 indicates optimism, below 50.0 points to pessimism. Following the release of the data, the U.S. dollar was down against … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Real Estate Investor Conygar Extends Share Buy-back Programme Posted: 08 Feb 2011 03:28 AM PST Real estate investor Conygar Investment Company (LON:CIC) has increased the size of its share buy-back programme that was launched last December. As part of the move, the company is planning to acquire an additional 2m ordinary shares, taking the total maximum number of shares it wants to buy under the programme to 8m. So far, it has purchased a total of 3.645m shares. The Conygar share price has risen from 101p to 115.5p since the programme was announced. In a note to investors last week, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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