DailyMarkets.com - Delta Reserve Credit Card From American Express: Is It Worth The $450 Annual Fee?
DailyMarkets.com - Delta Reserve Credit Card From American Express: Is It Worth The $450 Annual Fee? |
- Delta Reserve Credit Card From American Express: Is It Worth The $450 Annual Fee?
- Stocks To Know For Thursday: Electronic Arts, Time Warner, Broadcom, Shell, BP, Aflac
- Looking Forward To Non-Farm Payroll, Can Fed’s Mind Be Changed?
- Affymetrix Net Soars, Sales Dip
- U.S. Factory Orders Rise Unexpectedly In December
- U.S. Non-manufacturing PMI Rises Unexpectedly In January
- Hartford Lags; Doubles Dividend
- Stock Market News Briefs: Alliance Data Systems, Acme Packet, Avery Dennison, Hospira Inc, Intevac, Yum! Brands
- Earnings Scorecard: St. Jude
- Forex Trading: EURUSD Tests Target Support On Better ISM/Factory Orders
- U.S. Stocks Open Lower As Egypt Fears Weigh; Dow Jones Down 0.11%
- Trichet Signals No Change With Above Target Inflation
- EUR/GBP’s Bearish Outlook And Targets
- Forex – USD/CAD Rises To Daily High After Strong U.S. Data
- Forex Trading: EURUSD Moves Lower On Trichet And Technical Bearishness. This And More In The NY Morning Forex Commentary
- GBP/USD In Bearish Divergence After Butterfly Pattern
- Swiss Franc: Capped By A Negative Trend Line
- Japanese Yen: Under Pressure
- British Pound: The Downside Prevails
- Euro: Under Pressure
- Forex – Euro Loses Support Against Yen After Trichet Remarks
- DOW Beats Consensus Estimate
- Unum Beats Topline, Lags EPS Est.
- Shell Profit Rises, But Misses View
- News Corp. A Penny Ahead
- Forex Trading: EURUSD Marches Lower. Technical Levels Breached
- Forex – USD/CHF Hits 8-day High After U.S. Jobless Claims Fall
- Forex Trading: EURUSD Moves Lower On Trichet, Better US Data
- Trichet Says ECB In No Hurry To Hike, EUR Stumbles Across The Board
- U.S. Non-farm Productivity Rises More-than-expected In Q4
- Concur Slips
- Manpower Tops Estimate
- Roche Misses On Tamiflu Decline
- U.S. Initial Jobless Claims Fall More-than-expected
- Euro Loses $1.38 Perch, Weak Retail Sales Hurts Common Currency Prior To Trichet
- USD/JPY Bounces Off Triangle To Test 82.00 As Resistance
- Forex – GBP/USD Trims Gains As Markets Await U.S. Jobless Data
- Forex – EUR/USD Extends Losses After ECB Holds Policy Steady
- Is The EUR/USD In Topping Action Or Ab=cd Retracement?
- FX Headlines: Euro-Zone Retail Sales Disappoints, But Currency Markets Show No Reaction As Traders Countdown To The ECB Rate Decision
- Forex – Dollar Broadly Higher Vs. Rivals As U.S. Data Eyed
- European Central Bank Keeps Interest Rate At 1.00%
- Czech National Bank Holds Rate At 0.75%
- Forex – USD/CHF Hits 2-day High As U.S. Jobless Claims Eyed
- National Bank Of Romania Holds Rate At 6.25%
- What’s Cooking? FOOD?!
- Russell Files For 3 New Active ETFs Through U.S. One
- Celebrate Chinese New Year With San Miguel Brewery (SMB)
- Bahamas Petroleum Upbeat On Early Findings From Seismic Survey
- The Dollar Index: How Low Can You Go?
| Delta Reserve Credit Card From American Express: Is It Worth The $450 Annual Fee? Posted: 03 Feb 2011 07:35 AM PST Before you apply for this airline credit card, read this! The Delta Reserve Credit Card from American Express is a card designed especially for people who are frequent flyers of Delta Air Lines (NYSE:DAL) and who would like to earn miles quickly which could usher them or someone else of their choice into Medallion status. Here I’ll do a detailed review of Delta Reserve Credit Card, issued by American Express (NYSE:AXP), one of many airline miles cards in the U.S., tell you what we like and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stocks To Know For Thursday: Electronic Arts, Time Warner, Broadcom, Shell, BP, Aflac Posted: 03 Feb 2011 07:25 AM PST Most U.S. stocks fell on hump day, with the S&P 500 Index dropping from near its highest valuation since June, as earnings reports from companies including Broadcom (NASDAQ:BRCM) and Aflac (NYSE:AFL) disappointed investors and anti-government protests in Egypt worsened. Broadcom slumped 5.6 percent after the biggest maker of chips for television set-top boxes reported margins that missed analysts' estimates. Aflac, the world's largest seller of supplemental health insurance, dropped 2.4% … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Looking Forward To Non-Farm Payroll, Can Fed’s Mind Be Changed? Posted: 03 Feb 2011 07:11 AM PST USD Starts 2011 Weak, As Risk Appetite and Carry Trade Dominate
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| Affymetrix Net Soars, Sales Dip Posted: 03 Feb 2011 07:10 AM PST California-based genetic products maker Affymetrix Inc's (NASDAQ:AFFX) fourth-quarter fiscal 2010 adjusted (excluding one-time items) earnings per share of 5 cents were ahead of the Zacks Consensus Estimate of 3 cents and the year-ago earnings of 4 cents per share. Profit for the quarter cruised 42% year over year to $4 million (or 6 cents a share) as lowers costs offset a decline in the top line.
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| U.S. Factory Orders Rise Unexpectedly In December Posted: 03 Feb 2011 07:09 AM PST Forex Pros – U.S. factory orders rose unexpectedly in December, official data showed on Thursday. In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 0.2% in December, after rising by 1.3% in November, whose figure was revised up from 0.7%. Economists had expected U.S. factory orders to fall by 0.5% in December. Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD plunging 1.32% to hit a three-day low of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Non-manufacturing PMI Rises Unexpectedly In January Posted: 03 Feb 2011 07:06 AM PST Forex Pros – The service sector in the U.S. grew unexpectedly in January, expanding for the 14th consecutive month, industry data showed on Thursday. In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index rose to 59.4 in January, after rising to 57.1 in December. Analysts had expected the index to decline to 57.0 in January. On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hartford Lags; Doubles Dividend Posted: 03 Feb 2011 07:05 AM PST Hartford Financial Services Group Inc. (NYSE:HIG) reported its fourth-quarter adjusted core earnings of $451.0 million or 91 cents per share, lagging the Zacks Consensus Estimate of 96 cents. Additionally, Hartford was way behind the adjusted core earnings of $527 million or $1.12 per share reported in the fourth quarter 2009.
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| Posted: 03 Feb 2011 07:05 AM PST Avery Dennison (NYSE:AVY) reported Q4 EPS of $0.98, missing the Zacks Consensus of $0.97 per share by a penny. Revenues for the quarter rose 8% year-over-year to $1.64 billion, ahead of the Zacks Consensus Estimate of $1.60 billion Hospira (NYSE:HSP) reported Q4 EPS of $0.77, lower than the Zacks Consensus Estimate of $0.93 per share. Revenues for the quarter fell 6% year-over-year to $992.1 million, missing the Zacks Consensus Estimate of $1.035 billion Yum! Brands (NYSE:YUM) … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 07:05 AM PST Medical devices major St. Jude Medical (NYSE:STJ) posted better-than-expected fourth quarter fiscal 2010 results in a still challenging operating backdrop with adjusted earnings of 75 cents beating the Zacks Consensus Estimates by a penny while exceeding the year-ago earnings of 64 cents.
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| Forex Trading: EURUSD Tests Target Support On Better ISM/Factory Orders Posted: 03 Feb 2011 07:05 AM PST The ISM non manufacturing and better Factory Orders have sent the EURUSD down further to test the next target at the 1.3627-39 area. The price is finding support against the level (see prior post) at least for the time being. The bias has swung toward the dollar today – especially against the EURO – with corrections shallow. On the daily chart above, the next key level on the downside is the 1.3577 level. This is the midpoint of the move down from the Nov 2010 high to the low in January … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Stocks Open Lower As Egypt Fears Weigh; Dow Jones Down 0.11% Posted: 03 Feb 2011 06:55 AM PST Forex Pros – U.S. stocks posted modest losses after the open on Thursday, as concerns over escalating violence in Egypt overshadowed better-than-expected U.S. data on initial jobless claims and as investors digested a slew of mixed earnings reports. During early U.S. trade, the Dow Jones Industrial Average was down 0.11%, the S&P 500 index shed 0.09%, while the Nasdaq Composite index dipped 0.08%. Violence escalated in Egypt as supporters of Egyptian President Hosni Mubarak … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Trichet Signals No Change With Above Target Inflation Posted: 03 Feb 2011 06:50 AM PST The dollar built on earlier gains after news of continued improvement in the labor market and ahead of Friday’s first employment data for 2011. Having bid riskier units sharply higher as prospects for global recovery ran amok, investors are running out of reasons to punish the dollar where the underlying economy shows identical signs of acceleration. The only difference remains the attitude of various global central bankers leading investors to conclude that the last man standing by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/GBP’s Bearish Outlook And Targets Posted: 03 Feb 2011 06:47 AM PST EUR/GBP - The EUR/GBP was not able to hold above 0.85 as anticipated in our recent post on EUR/GBP, looking for a rally after the 3-swings down attempt if 0.8567 breaks. We did not get this signal, and the market invalidated the bullish scenario as the 4H chart shows a bearish momentum breakout int he RSI, not only breaking below 40, but also 30.
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| Forex – USD/CAD Rises To Daily High After Strong U.S. Data Posted: 03 Feb 2011 06:35 AM PST Forex Pros – The U.S. dollar rose to a daily high against its Canadian counterpart on Thursday, after U.S. government data showed that the number of people claiming first time unemployment assistance last week fell more-than-expected. USD/CAD hit 0.9898 during European afternoon trade, the daily high; the pair subsequently consolidated at 0.9886, gaining 0.09%. The pair was likely to find support at 0.9837, the low of January 18 and a 32-month low and resistance at 0.9915, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 06:31 AM PST EURUSD moves lower on Trichet and technical bearishness. This and more in the NY Morning Forex … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/USD In Bearish Divergence After Butterfly Pattern Posted: 03 Feb 2011 06:25 AM PST GBP/USD - The GBP/USD shows a bearish divergence in the 1H chart after developing a butterfly. It is also breaking below a rising trendline and testing the 50SMA. A break below 1.6130 suggests a decline towards 1.6015. The 1.6015 level can been see in the 4H chart at 23.6% retracement, so this is actually a conservative retracement target in the intermediate term.
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| Swiss Franc: Capped By A Negative Trend Line Posted: 03 Feb 2011 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| British Pound: The Downside Prevails Posted: 03 Feb 2011 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 06:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Euro Loses Support Against Yen After Trichet Remarks Posted: 03 Feb 2011 06:14 AM PST Forex Pros – The broadly weaker euro tumbled to a three-day low against the yen on Thursday, after European Central Bank President Jean-Claude Trichet said that the banks interest rate remains “appropriate” despite a short-term uptick in energy prices. EUR/JPY hit 111.62 during European afternoon trade, the pair's lowest since Monday; the pair subsequently consolidated at 111.8, tumbling 0.72%. The pair was likely to find support at 110.3, the low of January 20 and resistance at 112.86, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 06:06 AM PST Chemical giant The Dow Chemical Company (NYSE:DOW) earned 37 cents per share in the fourth quarter of 2010, ahead of the Zacks Consensus Estimate of 35 cents as well as last year's 8 cents. However, including one-time charges, the company earned 47 cents compared with 18 cents in the year-ago quarter.
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| Unum Beats Topline, Lags EPS Est. Posted: 03 Feb 2011 06:06 AM PST Unum Group (NYSE:UNM) reported fourth-quarter operating income of 66 cents per share, 3 cents lower than the Zacks Consensus Estimate. Results were in line with the prior-year period. Operating income was $208.6 million in the quarter, down 4% from $218.3 million in fourth-quarter 2009.
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| Shell Profit Rises, But Misses View Posted: 03 Feb 2011 06:06 AM PST Europe's largest oil company Royal Dutch Shell plc (RDS.A) reported weaker-than-expected fourth quarter 2010 results, pulled down by volatility in downstream marketing margins (due to rising oil prices), higher taxes, and lower trading contributions.
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| Posted: 03 Feb 2011 06:06 AM PST News Corporation (NWSA), a diversified media conglomerate, recently posted better-than-expected second-quarter 2011 results on the heels of improved advertising performance at its Cable Networks and Television Stations.
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| Forex Trading: EURUSD Marches Lower. Technical Levels Breached Posted: 03 Feb 2011 06:02 AM PST The market is interpretting ECB Trichets comments as being less hawkish than prior. That and an increasingly more bearish bias is sending the EURUSD lower.
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| Forex – USD/CHF Hits 8-day High After U.S. Jobless Claims Fall Posted: 03 Feb 2011 05:59 AM PST Forex Pros – The U.S. dollar extended gains against the Swiss franc on Thursday, after government data showed that the number of people claiming first time unemployment assistance in the U.S. last week fell more-than-expected. USD/CHF hit 0.9484 during European early afternoon trade, the pair's highest January 25; the pair subsequently consolidated at 0.9473, soaring 0.83%. The pair was likely to find support at 0.9327, Tuesday's low and resistance at 0.9622, the high of January … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Moves Lower On Trichet, Better US Data Posted: 03 Feb 2011 05:57 AM PST |
| Trichet Says ECB In No Hurry To Hike, EUR Stumbles Across The Board Posted: 03 Feb 2011 05:51 AM PST The opening remarks by ECB Trichet were not overly hawkish, which may disappoint markets that had expected Trichet to browbeat inflation. Instead, while acknowledging some of the short term risks, Trichet made it clear that medium and longer term expectations are well anchored. "With regard to price developments, euro area annual HICP inflation was 2.4% in January 2011, according to Eurostat's flash estimate, after 2.2% in December. This further increase … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Non-farm Productivity Rises More-than-expected In Q4 Posted: 03 Feb 2011 05:42 AM PST Forex Pros – U.S. non-farm productivity rose more-than-expected in the fourth quarter, official preliminary data showed on Tuesday. In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity increased by a seasonally adjusted 2.6% in the fourth quarter, after rising by 2.4% in the preceding quarter, whose figure was revised up from 2.3%. Economists had expected non-farm productivity to rise by 2.2% in the fourth quarter. The report also said unit labor … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 05:36 AM PST Concur Technologies Inc. (NASDAQ:CNQR) reported earnings per share from continuing operations of 7 cents for the first quarter of 2011, below the Zacks Consensus Estimate of 11 cents. Total revenue for the first quarter of 2011 was $80.2 million, ahead of the Zacks Consensus Estimate of $79 million.
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| Posted: 03 Feb 2011 05:36 AM PST Manpower Inc. (NYSE:MAN), the global leader in the employment services industry, recently posted better-than-expected fourth-quarter 2010 results that topped Zacks' expectations on the heels of revenue growth across all geographies with Europe performing remarkably well.
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| Roche Misses On Tamiflu Decline Posted: 03 Feb 2011 05:36 AM PST Roche Holdings Ltd.'s (RHHBY) earnings increased 7.81% to $3.07 per share for the fiscal year 2010, but fell short of the Zacks Consensus Estimate of $3.22. However, revenues for the year declined 0.8% to $45,642 million and even missed the Zacks Consensus Estimate of $47,844 million.
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| U.S. Initial Jobless Claims Fall More-than-expected Posted: 03 Feb 2011 05:36 AM PST Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 29 fell to a seasonally adjusted 415K, after rising to 457K in the preceding week, whose figure was revised up from 454K. Analysts had expected initial jobless claims to drop to 425K in the week ending … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Loses $1.38 Perch, Weak Retail Sales Hurts Common Currency Prior To Trichet Posted: 03 Feb 2011 05:30 AM PST The EUR/USD slid from its perch above 1.38 in overnight trading and was as low as 1.3745 in early NY trading.
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| USD/JPY Bounces Off Triangle To Test 82.00 As Resistance Posted: 03 Feb 2011 05:28 AM PST USD/JPY - The USD/JPY pair has bounced off a triangle support as more clearly seen in the daily chart below.
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| Forex – GBP/USD Trims Gains As Markets Await U.S. Jobless Data Posted: 03 Feb 2011 05:14 AM PST Forex Pros – The pound trimmed gains against the U.S. dollar on Thursday, retreating from a 12-week high ahead of the release of a string of U.S. economic data. GBP/USD retreated from 1.6278, the pair's highest since November 5, to hit 1.62 during European afternoon trade, gaining 0.04%. Cable was likely to find support at 1.6126, Wednesday's low and resistance at 1.6296, the high of November 4 and an 11-month high. The pound's earlier gains came after data showed that the U.K. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Extends Losses After ECB Holds Policy Steady Posted: 03 Feb 2011 05:06 AM PST Forex Pros – The euro extended losses against the U.S. dollar on Thursday, slipping to a two-day low after the European Central Bank kept current monetary policy unchanged. EUR/USD hit 1.3746 during European afternoon trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.3749, shedding 0.43%. The pair was likely to find support at 1.3569, Monday's low and short-term resistance at 1.386, Wednesday's high and a 12-week high. Earlier in the day, the ECB held … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Is The EUR/USD In Topping Action Or Ab=cd Retracement? Posted: 03 Feb 2011 05:03 AM PST EUR/USD - The EUR/USD was projected to the 1.3820/1.3830 area in a recent post.
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| Posted: 03 Feb 2011 05:00 AM PST
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| Forex – Dollar Broadly Higher Vs. Rivals As U.S. Data Eyed Posted: 03 Feb 2011 04:55 AM PST Forex Pros – The U.S. dollar was broadly higher against its major rivals on Thursday, as markets looked to the release of a raft of U.S. economic data, including a key employment report. During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.17% to hit 1.3785. Earlier in the day, the European Central Bank left its benchmark interest rate unchanged at 1.00%. The greenback was down against the pound, with GBP/USD climbing 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Central Bank Keeps Interest Rate At 1.00% Posted: 03 Feb 2011 04:48 AM PST Forex Pros – The European Central Bank kept its benchmark interest rate unchanged for the 21st consecutive month in February, it announced on Thursday. The ECB said it was maintaining the benchmark interest rate at 1.00%, in a widely expected move. ECB president Jean-Claude Trichet was to comment on the decision at a press conference later in the day. Following the announcement, the euro was down against the U.S. dollar, with EUR/USD slumping 0.33% to hit a two-day low of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Czech National Bank Holds Rate At 0.75% Posted: 03 Feb 2011 04:43 AM PST The Czech National Bank held the 2-week repo rate at 0.75%, the discount rate at 0.25% and the Lombard rate at 1.75%. The Czech Republic saw inflation of 2.3% in December, the highest since March 2009, which compares to the central bank’s target of 2.0%. The Czech National Bank must weigh rising food and energy commodity inflation pressures against still relatively weak aggregate demand in setting monetary … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Hits 2-day High As U.S. Jobless Claims Eyed Posted: 03 Feb 2011 04:40 AM PST Forex Pros – The U.S. dollar rose to a two-day high against the Swiss franc on Thursday, ahead of the release of a flurry of U.S. economic data, including the weekly report on initial jobless claims. USD/CHF hit 0.945 during European early afternoon trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.9436, gaining 0.39%. The pair was likely to find support at 0.9327, Tuesday's low and resistance at 0.9522, the high of January 25. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| National Bank Of Romania Holds Rate At 6.25% Posted: 03 Feb 2011 04:31 AM PST The National Bank of Romania held its key policy rate at 6.25% and made no changes to other policy tools. Romania recorded inflation of 7.96% in December 2010 and 7.73% in November (after a spike in inflation due to the impact of a one-off value added tax increase), which compares to the central bank’s official inflation target of 3.5% in 2010 and 3% for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Feb 2011 04:22 AM PST What's cooking in the Philippine Stock Exchange as of late? Well, Alliance Select Foods, Inc. or FOOD looks to be on a brink of another major upswing! For those who does not know this company, it used to be known as Alliance Tuna International, Inc. (TUNA). It's a company that is engaged in tuna processing, canning, and export of canned tuna products from General Santos City in Mindanao across the globe. During the past two years, it bought stakes in PT International Alliance Foods … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Russell Files For 3 New Active ETFs Through U.S. One Posted: 03 Feb 2011 04:00 AM PST Russell Investments has wasted no time in making full use of its acquisition of U.S. One Inc. as it filed for 3 new actively-managed ETFs on February 2nd, which will be series of U.S. One Trust. Paul Hrabal, President of U.S. One, entered into an agreement with Russell on Jan 6, 2011 according to which Russell would acquire control of U.S. One, prior to the end of Q1 2011. Once that happens, Russell would become the investment advisor to the existing One Fund (ONEF: 28.76 0.00%), as it will … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Celebrate Chinese New Year With San Miguel Brewery (SMB) Posted: 03 Feb 2011 03:20 AM PST I want to wish everyone Kung Hei Fat Choi or a Happy Chinese New Year as we enter the year of the metallic rabbit. And why not celebrate it with a bottle or two of San Miguel Beer? Well, it's not exactly like the Tsingtao Beer of China but it's actually way better! San Miguel Brewery or SMB in the Philippine Stock Exchange is the largest producer of beer in the Philippines. Its flagship brand, San Miguel Pale Pilsen, is exported not only in Asia but all over the world. Having said that, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bahamas Petroleum Upbeat On Early Findings From Seismic Survey Posted: 03 Feb 2011 12:58 AM PST Bahamas Petroleum (LON:BPC), the oil and gas exploration company with licences in The Bahamas, said this morning that it had wrapped up the acquisition of 1,120 km of long-cable (8km) 2D seismic data on its southern licences. The new survey has confirmed the presence of multiple prospects, some of which are 4-way closure in nature and some of which are combination stratigraphic-structural traps. Bahamas said it now intended to engage an independent firm to undertake a competent persons report … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Dollar Index: How Low Can You Go? Posted: 02 Feb 2011 08:33 AM PST When looking at the Dollar Index, I am reminded of the song the “Cha Cha Slide”when the performer says, “How low can you go?” There is no question investors believe that the Dollar is going down and that equities are only going up all courtesy of Federal Reserve Chairman Bernanke and his QE 2 policy. Yesterday’s rally in equities and concurrent drop in the Dollar served to remind me of the fact that currency devaluation and increasing liquidity remain the drivers for equities. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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