Tuesday, February 1, 2011

DailyMarkets.com - Even Egypt And $100 Oil Can’t Stop This Bubble From Bursting

DailyMarkets.com - Even Egypt And $100 Oil Can’t Stop This Bubble From Bursting

Even Egypt And $100 Oil Can’t Stop This Bubble From Bursting

Posted: 01 Feb 2011 11:55 AM PST

The about-to-be-toppled Egyptian regime has sparked fears of upheaval sweeping through the remaining U.S. friendly regimes in the world's oil heartland.

Nowhere is the growing uncertainty more apparent than in the oil markets. Today, oil prices continue to their fear-driven surge. A barrel of Brent crude passed $100 for the first time over two years.

Oil and energy stocks mostly followed suit and led the major indices to another day of gains.

The surge in oil prices didn't bring … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Visa

Posted: 01 Feb 2011 11:35 AM PST

Global electronic payment processor Visa Inc. (NYSE:V) is scheduled to release its fiscal first quarter results after the market closes on February 2, 2011. The Zacks Consensus Estimate for the first quarter is $1.20 per share, representing growth of about 21.7% over the year-ago quarter.
Following the fourth quarter trends, improved pricing, increased number of processed transactions, higher cross border volumes and a lower share count along with reduced operating expenses are further expected to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Biogen Beats By A Wide Margin

Posted: 01 Feb 2011 11:25 AM PST

Biogen Idec (NASDAQ:BIIB) reported fourth-quarter earnings per share of $1.41, well above the Zacks Consensus Estimate of $1.23 and the year-earlier figure of $1.18. Excluding the impact of stock-based compensation expense, fourth quarter 2010 earnings came in at $1.42 per share.
Full year earnings came in at $5.03 per share, beating the Zacks Consensus Estimate of $4.89 and the year-ago earnings of $4.03. Excluding the impact of stock-based compensation expense, 2010 earnings came in at $5.15 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UPS Beats, Sees Record 2011

Posted: 01 Feb 2011 11:05 AM PST

Before the opening bell, United Parcel Services (NYSE:UPS), the world’s largest package delivery company, reported its fourth quarter 2010 adjusted earnings of $1.08 per share surpassing the Zacks Consensus Estimate of $1.05. Earnings per share showed a substantial 44% growth from 75 cents in the year-ago quarter.
Adjusted earnings exclude a net after-tax gain of $32 million related to the sale of certain non-core business units.
Adjusted earnings per share climbed 54% year over year to $3.56 in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McGraw-Hill Beats Estimates

Posted: 01 Feb 2011 11:05 AM PST

The McGraw-Hill Companies Inc. (NYSE:MHP), a publisher and provider of financial information and media services, posted higher-than-expected fourth-quarter 2010 results on the heels of robust performance across Standard & Poor's (S&P's) services and global energy information products. The quarter's results were partially offset by softness witnessed in the education markets.
The quarterly earnings of 55 cents a share beat the Zacks Consensus Estimate of 51 cents, and rose 7.8% from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Facts About India And China To Blow Your Mind

Posted: 01 Feb 2011 10:41 AM PST

1. 15 Facts About India That Will Blow Your Mind (HT: Craig Newmark)  

Bonus: 

2. 17 Facts About China That Will Blow Your … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Archer Daniels Surprises

Posted: 01 Feb 2011 10:40 AM PST

Archer Daniels Midland Company (NYSE:ADM) reported robust second quarter 2011 results. Net income for the reported quarter was $732 million or $1.14 per share compared with $567 million or 88 cents in the year-ago quarter. Quarterly earnings also outpaced the Zacks Consensus Estimate of 77 cents per share.
The robust quarterly result was primarily attributable to increased segmental profit, which was partially offset by negative discrepancy from changes in Last-In-First-Out (LIFO) inventory … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session

Posted: 01 Feb 2011 10:38 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.

AUD/USD was trading at 1.0130, up 1.56% at time of writing.

The pair was likely to find support at 0.9867, Monday's low, and resistance at 1.0148, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.60% to hit 1.3649 and AUD/JPY rising 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Generic Risk Looms Over Endo Pharma

Posted: 01 Feb 2011 10:35 AM PST

Recently, Endo Pharmaceuticals (NASDAQ:ENDP) received a notification from Mylan Inc. (NYSE:MYL) regarding a patent challenge for Endo's pain drug, Lidoderm. Endo Pharmaceuticals has received a paragraph IV certification notice informing it that generic player Mylan is lookingto market a generic version of the Lidoderm topical patch.  
Endo Pharma, which is currently reviewing the notice, intends to defend the patents on the drug. Mylan has challenged the patents 5,741,510 and 5,827,529, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Energizer Misses, Guides Low

Posted: 01 Feb 2011 10:35 AM PST

Energizer Holdings Inc. (NYSE:ENR) reported first quarter 2011 non-GAAP earnings (excluding charges) of $1.68 per share, well below the Zacks Consensus of $1.92 per share, based on increased expenses, poor margins and lower profit from the battery business in the quarter. Earnings per share (EPS) declined 9.2% year over year.
Including charges and one-time items, earnings came in at $1.55 per share in the quarter, down 12.9% year over year from $1.78.
Gross margin was 47.1%, compared with 47.6% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ISM Manufacturing Report: A+

Posted: 01 Feb 2011 10:35 AM PST

The Institute for Supply Management's (ISM) manufacturing index surged to 60.8 in January from 58.5 in December. This was also a positive surprise as the consensus had been looking for the index to come in at 58.2. The December number was also revised sharply higher from its original reading of 57.0.

The overall index last matched this level in January of 2004, and the last time that it was higher than this was back in April of 1984. This is a "magic 50 index" where any reading over 50 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trans-Asia Oil And Energy Development Corporation (TA) Awakes?

Posted: 01 Feb 2011 10:34 AM PST

Trans-Asia Oil and Energy Development Corporation or TA in the Philippine Stock Exchange is a company that is involved in power generation, and oil and mineral exploration business. Like one of its partners in the drilling of several oil wells, Petroenergy Resources Corporation (PERC), TA looks to be on the verge of an upswing in the days to come as well at least from a technical point of view. As you can see from its day chart, TA has already escaped from its long term downtrend line. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Major Moves Jan: M&A In Active ETFs As Assets Surpass $3.3bn

Posted: 01 Feb 2011 10:20 AM PST

The Dow Jones Industrial rose 2.72% in January 2011, while the S&P500 rose 2.26%. This might not seem like a lot compared to the 6.53% gain in Dec 2010 but it still was the first positive performance for the month of January in 4 years and the best January performance in 14 years.
January was also an interesting month for actively-managed ETFs that saw some of the existing Active ETF providers being bought out by large fund companies looking to skip the long line-up to receive exemptive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amphenol Corp. Calls In High Demand As Shares Rally To New Heights

Posted: 01 Feb 2011 10:07 AM PST

Amphenol Corp. calls in high demand as shares rally to new heights
Today’s tickers: APH, CAVM, PCX & RVBD
Amphenol Corp. (NYSE:APH) – Call options on the manufacturer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and specialty cable are in high demand this afternoon with shares trading up 3.2% to reach an all-time high of $57.10 by 12:25pm. Investors expecting Amphenol’s shares to continue to rise in the near term purchased in- and out-of-the-money call … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The U.S. Session

Posted: 01 Feb 2011 10:03 AM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7813, up 1.15% at time of writing.

The pair was likely to find support at 0.7672, Thursday's low, and resistance at 0.7817, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.58% to hit 1.2986 and EUR/NZD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 1.51%

Posted: 01 Feb 2011 09:58 AM PST

Forex Pros – European stocks were up after the closing bell on Tuesday.

At the close of European trade, Germany's DAX rose 1.51%, London's FTSE 100 gained 1.62%, France's CAC 40 climbed 1.68% and the EURO STOXX 50 was up 1.80%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.19%; the S&P 500 index gained 1.67%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Alexion In Expansion Mode

Posted: 01 Feb 2011 09:55 AM PST

In a bid to widen its portfolio and enhance its expertise in translational medicine by incorporating additional accomplished researchers, Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) purchased Taligen Therapeutics, a privately held biotech firm focused on treating inflammatory diseases, for an upfront cash payment of $111 million.
Apart from the upfront payment to Taligen, which acquires its entire equity, Alexion could make further payments on the achievement of certain milestones for at least six … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Financial Outshines YoY (revised)

Posted: 01 Feb 2011 09:55 AM PST

Dollar Financial Corp.'s (NASDAQ:DLLR) second-quarter operating earnings (excluding one-time gains) came in at 53 cents per share, a cent ahead of the Zacks Consensus Estimate of 52 cents but dramatically higher than the year-ago quarter's estimate of 19 cents per share. Results do not take into consideration the three-for-two stock split that is effective from February 4, 2011.

The operating results exclude non-recurring gains, the non-cash interest expense resulting from the adoption of ASC … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Reaches Next Target And Moves Through. What Next?

Posted: 01 Feb 2011 09:52 AM PST

The next level comes n at 1.3836 area where the topside trendline is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why Fears Of A Municipal Bond Collapse Are Overdone

Posted: 01 Feb 2011 09:48 AM PST

Why Fears of a Municipal Bond Collapse Are Overdone
by Alexander Green, Chief Investment Strategist
Tuesday, February 1, 2011: Issue #1440
I once heard a comedian tell an audience, "Never forget that you are a completely unique individual … just like everyone else."
It's a good line – one that reminds me how often investment analysts and various gurus who claim to offer "fiercely independent" advice generally end up saying much the same thing.
Take municipal bonds, for example – … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hologic Beats Estimates

Posted: 01 Feb 2011 09:35 AM PST

Hologic (NASDAQ:HOLX) reported an EPS of 4 cents during the first quarter of fiscal 2011 compared with the year-ago quarter's EPS of 10 cents. However, after adjusting for certain items, EPS was 30 cents, surpassing the Zacks Consensus Estimate by 2 cents and a penny above the year-ago quarter. Revenues were $432.6 million, an increase of 4.9% compared to the prior-year quarter and higher than the Zacks Consensus Estimate of $428 million.
Hologic operates in four segments − Breast Health, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qiagen Outpaces EPS Est, Revenues Lag

Posted: 01 Feb 2011 09:35 AM PST

Qiagen (NASDAQ:QGEN) reported an EPS of 15 cents for the fourth quarter of fiscal 2010 compared to 18 cents in the year-ago period. However, after making some adjustments the EPS came in at 26 cents, beating the Zacks Consensus Estimate by a penny. Adjusted EPS for the prior-year quarter was 24 cents. For the full year, the company reported adjusted EPS of 93 cents, surpassing the Zacks Consensus Estimate of 89 cents and unchanged from the year-ago quarter's adjusted EPS.
Net sales during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 01 Feb 2011 09:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails

Posted: 01 Feb 2011 09:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rallies Above $92 On Egypt

Posted: 01 Feb 2011 09:10 AM PST

02/01/11 Front month crude rallied this session as growing tensions in Egypt threaten to shut down oil transportation zones in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manufacturing Continues As Recovery’s Shining Star

Posted: 01 Feb 2011 09:09 AM PST

The Institute for Supply Management (ISM) released its monthly report today on economic activity in the manufacturing sector for the month of January, with the following highlights:

1. Economic activity in the manufacturing sector expanded for the 18th consecutive month in January, and the overall economy grew for the 20th consecutive month.

2. The composite PMI increased last month to 60.8%, a 2.3 point increase from 58.5% in December, and the highest level  for the PMI since May 2004 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McKesson Beats On EPS; Ups Outlook

Posted: 01 Feb 2011 09:05 AM PST

McKesson Corp.'s (NYSE:MCK) third quarter fiscal 2011 earnings of $1.22 per share (excluding special items) beat the Zacks Consensus Estimate by 11 cents and the year-ago earnings by 3 cents. Including expenses associated with the acquisition of US Oncology, earnings for the quarter came in at $1.12 per share.
Lower share count boosted third quarter earnings.
Revenues for the third quarter of fiscal 2011 remained flat at $28.2 billion and were slightly short of the Zacks Consensus Revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plum Creek Marginally Beats

Posted: 01 Feb 2011 09:05 AM PST

Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 fourth quarter earnings of $59 million or 37 cents per share, compared with $28 million or 17 cents in the year-earlier quarter. Excluding charges relating to early extinguishment of debt, recurring earnings for the quarter were 45 cents per share, which marginally exceeded the Zacks Consensus Estimate by a penny.
Total revenues for the quarter were $356 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG’s ILFC Arranges For $2B Loan

Posted: 01 Feb 2011 09:05 AM PST

On Monday,American International Group Inc.'s (NYSE:AIG) wholly owned subsidiary, International Lease Finance Corporation (ILFC) announced its agreement to raise $2.0 billion through an unsecured three-year revolving credit line.
ILFC is an international market leader that deals in leasing and remarketing of advanced technology commercial jet aircraft to airlines around the world. ILFC owns a portfolio consisting of approximately 950 jet aircraft.
Accordingly, about 11 banks came forward to … [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: 01 Feb 2011 09:03 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3797, up 0.76% at time of writing.

The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3803, today's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from 57.00.

Analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pfizer Prescribes Strong 4Q Results

Posted: 01 Feb 2011 04:00 AM PST

02/01/11 Pfizer announced Tuesday that its 4Q profit came in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, February 1, 2011 Special Alert

Posted: 01 Feb 2011 08:54 AM PST

With the S&P 500 now once again in the 1,300 area we are going to add to our watch list another position in the Short Russell 2000 Fund (symbol: RWM) at the current price of $31.57, another position in the PowerShares Double US Dollar Index Bullish Fund (symbol: UUP) at the current price of $22.20, and another position in the ProShares UltraShort Euro (symbol: EUO) at the current price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Losses Accelerate

Posted: 01 Feb 2011 08:48 AM PST

As the global economy continues to thaw investors are lapping up the melt water to sustain an ongoing foray into riskier opportunities outside of the dollar area. Such ventures continue to drive down the value of the dollar, whose index against a basket of major trading partners has lost 2% so far this year. Also apparently defrosting appears to be sticking points among EU leaders over the appropriate uses of the stability fund. Optimism this morning focuses on baby steps that would perhaps … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rising Stocks And Growth Slam Bonds

Posted: 01 Feb 2011 08:46 AM PST

Bonds are once again in the firing line as the need for safe haven is melting in response to the heat felt from glowing equity markets where investors have returned benchmark indices to two-year highs. Continued expansion across global manufacturing also argues against maintaining ultra-low or as some would say excessively loose monetary policy. Bond futures in some cases have fallen to the weakest in two weeks as the combination of healthier activity and growing inflation concerns weighs on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Marathon Oil

Posted: 01 Feb 2011 08:33 AM PST

Leading integrated oil and gas company Marathon Oil Corp. (MRO) is expected to report its fourth quarter and full year 2010 earnings on Wednesday, February 2, 2011, before the opening bell. The Zacks Consensus Estimate for the fourth quarter is 96 cents per share, while that for fiscal 2010 is $3.49.
Third Quarter 2010 Recap
Marathon's earnings per share, excluding one-time items, came in at $1.00, surpassing the Zacks Consensus Estimate of 94 cents and the year-ago adjusted profit of 61 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Onyx Makes Headway With Carfilzomib

Posted: 01 Feb 2011 08:33 AM PST

Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) recently said that the US Food and Drug Administration (FDA) granted a fast track designation to carfilzomib, a next generation proteasome inhibitor, under evaluation for the treatment of patients with relapsed and refractory multiple myeloma.
Earlier, in December last year, Onyx Pharma reported positive results on the candidate from a phase IIb trial (003-A1). The results showed that patients experienced an overall response rate of 24.1%, while the clinical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FBIZ: Reducing Recommendation To Neutral From Outperform

Posted: 01 Feb 2011 08:33 AM PST

Ann Heffron, CFA

FBIZ: Reducing Recommendation to Neutral from Outperform

We are reducing our recommendation on First Business Financial Services, Inc. (FBIZ) to Neutral from Outperform, as the stock has exceeded our previous target price. At the same time, we are increasing our new six-month price target to $12.75 to reflect the rolling over of estimates to the new year. When combined with the Company's current dividend yield, our new target price for FBIZ represents a total return of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novellus Shares Up On Solid Quarter

Posted: 01 Feb 2011 08:33 AM PST

Novellus Systems (NASDAQ:NVLS) reported fourth quarter earnings that beat the Zacks consensus by 9 cents, or 9.8%. Revenue edged past the Zacks Consensus, exceeding by 1.7%. Shares responded positively, jumping 3.94% in after-hours trade, as Novellus grew its gross, operating and net margins. A much lower tax rate also helped the bottom line. 
Revenue
Novellus reported revenue of $384.4 million, up 4.7% sequentially and 57.4% year over year, at the high end of management's guidance range of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rent-A-Center Outpaces

Posted: 01 Feb 2011 08:32 AM PST

Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators, recently delivered better-than-expected fourth-quarter 2010 results. The quarterly earnings of 71 cents a share outpaced the Zacks Consensus Estimate of 68 cents, and increased 7.6% from 66 cents registered in the prior-year quarter on the heels of strong demand and effective cost management.
The Zacks Consensus Estimate had remained stagnant prior to the earnings release. On a reported basis, including one-time items, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

C.R. Bard’s Mixed 4Q, Profit Zooms

Posted: 01 Feb 2011 08:32 AM PST

Leading medical devices maker C. R. Bard (NYSE:BCR) reported fourth-quarter fiscal 2010 results after the closing bell on January 31, with an adjusted earnings per share of $1.54 topping the Zacks Consensus Estimate of $1.48 while surpassing the year-ago earnings of $1.39. For fiscal 2010, adjusted earnings of $5.60 a share beat the Zacks Consensus Estimate of $5.54 and exceeded the year-ago earnings of $5.09. Adjusted earnings exclude one-time items including charges associated with acquisition … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qualcomm Upgraded To Outperform

Posted: 01 Feb 2011 08:32 AM PST

We upgrade our recommendation on Qualcomm Inc. (NASDAQ:QCOM) to Outperform. Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm reported historic high earnings in the first quarter of fiscal 2011. Net income was up 39% year over year and 35% sequentially, simply suggesting the strength of operating efficiency at this wireless technology company. The company's state-of-the-art Snapdragon platform and diversified product offerings make management more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PFE Tops Est; 2011 View Disappoints

Posted: 01 Feb 2011 08:32 AM PST

Pfizer Inc. (NYSE:PFE) reported fourth quarter earnings of 47 cents per share, a penny above the Zacks Consensus Estimate, and 4% below the year-ago earnings of 49 cents. Full year earnings came in at $2.23 per share, a couple of cents above the Zacks Consensus Estimate and 10% above the year-ago earnings. Performance was boosted by higher revenues.
Fourth quarter revenues increased 6% to $17.6 billion, exceeding the Zacks Consensus Estimate of $16.9 billion. Meanwhile, full year revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Round-Up Of Manufacturing Data: Europe, UK, US And China – Strong Reports And Higher Input Prices

Posted: 01 Feb 2011 07:55 AM PST

We had a common theme through the manufacturing data put out by our major economies – the US, Europe/Germany, UK, and China. Manufacturing hums along, picking up to a 6-year high in the US, a 9-month high in Europe, and a survey-high in the UK. At the same time input prices in the manufacturing prices are surging. This should mean some increased volatility in markets as we start pricing in which central banks will act more aggressively to combat the inflation threat.
UK Manufacturing PMI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Rivals After Better-than-expected ISM

Posted: 01 Feb 2011 07:53 AM PST

Forex Pros – The U.S. dollar was down against all of its major counterparts on Tuesday, after the Institute for Supply Management’s January reading on manufacturing activity came in higher than expected, rising to its highest since 2004.

During European late afternoon trade, the greenback was lower against the euro, with EUR/USD advancing 0.59% to hit 1.3773.

Earlier, official data showed that level of employment in Germany rose for the 11th consecutive month in December, lifting the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trading Near 11-week High After Upbeat U.S. ISM

Posted: 01 Feb 2011 07:45 AM PST

Forex Pros – The pound held gains against the U.S. dollar on Tuesday, trading close to an 11-week high, after industry data showed that U.S. manufacturing sector expanded unexpectedly in January.

GBP/USD hit 1.6142 during European late afternoon trade, the pair's highest since November 15; the pair subsequently consolidated at 1.6124, surging 0.69%.

Cable was likely to find support at 1.6009, the days low and resistance at 1.6212, the high of November 8.

The Institute for Supply … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Triple Top At 1.3774

Posted: 01 Feb 2011 07:36 AM PST

The EURUSD topped out at the 1.3774 level for the 3rd time today. The price has moved lower as profit takers enter once again. If the 1.3756 level can hold the downside, the potential exists for another push higher.  Be Aware. Look for buyers against the level.
The pair in the NY session has been contained between the 1.3730 level and the London high. An attempt to break the low floor briefly occurred but the price quickly rebounded from a 1.3026 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Gains After Strong U.S. ISM Data

Posted: 01 Feb 2011 07:34 AM PST

Forex Pros – The euro  climbed to a fresh ten-week high against the U.S. dollar on Tuesday, after industry data showed that U.S. manufacturing sector expanded unexpectedly in January, boosting optimism over the global economic recovery.

EUR/USD hit 1.3775 during European late afternoon trade, the pair's highest since November 22; the pair subsequently consolidated at 1.3769, gaining 0.56%.

The pair was likely to find support at 1.3569, Monday's low and resistance at 1.3973, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: ADM, PFE, TUP

Posted: 01 Feb 2011 02:31 AM PST

02/01/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/GBP Forms Bullish Divergence; 0.8567 Holds Key Resistance

Posted: 01 Feb 2011 07:30 AM PST

EUR/GBP

- Following up with the recent post: EUR/GBP Should Rally after 3-Swings Down, we are seeing the market test the 0.8510 area, possibly at the end of the 3rd downswing. We noted the market needs to stay above 0.85 in a healthy bullish trend.
- The market is now forming a bullish divergence in the 1H chart.
- However, the bullish scenario is quite limited since we had accelerated decline yesterday, pushing the RSI down to 30.
- A rally needs to break above 0.8567 as a key resistance.
- … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Triple Timeframing The Breakout In Copper JJC

Posted: 01 Feb 2011 07:28 AM PST

Many investors and traders look to copper prices to gauge the strength or weakness of the economy, as copper is an industrial metal used in all sorts of construction projects.
If that sentiment holds true, then copper just sent a big "economic recovery" message this morning, as it has been doing over the last few months.
Let's "triple timeframe" Copper prices and then finish by looking at the current tradeable JJC Copper ETF:

This is one of those things where, until you see it, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stockopedia FTSE 100 Round-up: Steadier Nerves After Egyptian Unrest

Posted: 01 Feb 2011 05:03 AM PST

Political uncertainty in Egypt and the prospect of more unrest to come this week has unsettled world markets but there were signs of steadying nerves in London today. Oil was the main focus of attention, with the Egyptian situation blamed for forcing prices close to $100 a barrel overnight. Analysts warned that the price could surge further if the geopolitical instability that has already toppled the Tunisian government this year, swept into other Middle Eastern states, particularly the big oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Low Amp; Bonar Eyes Emerging Market Potential With Saudi Arabia Joint Venture

Posted: 01 Feb 2011 01:53 AM PST

Low Bonar (LON:LWB) , the performance materials group whose specialist textiles and fabrics are used in the likes of road building, artificial grass football pitches and the sides of trucks, has signed a joint venture in Saudi Arabia. The company has teamed up with National Petrochemical Industrial Company (NATPET), which is a subsidiary of Alujain Corporation. Together, the two sides plan to design, manufacture and sell geotextile products for the fast growing civil engineering markets in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tanfield Encouraged By Prospects For Aerial Work Platforms Division

Posted: 01 Feb 2011 01:18 AM PST

Tanfield (LON:TAN) , the manufacturing group that makes aerial work platforms, said this morning that its trading performance last year had been in line with expectations. As predicted by the company, the market for aerial work platforms stabilised in the second half of 2010 after a very difficult and prolonged period of recession. The trading update is the first since Tanfield sold off the business and assets of its Smith Electric Vehicles division at the end of last year. The business was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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