Thursday, February 10, 2011

DailyMarkets.com - Review Of Capital One Classic Platinum Credit Card: For Those With Average Credit

DailyMarkets.com - Review Of Capital One Classic Platinum Credit Card: For Those With Average Credit

Review Of Capital One Classic Platinum Credit Card: For Those With Average Credit

Posted: 10 Feb 2011 07:47 AM PST

The Capital One Classic Platinum Credit Card – Average is one of the best credit cards for people with average credit score or limited credit history in the U.S. It is a regular credit card (not a secured card) issued by Capital One Financial (NYSE:COF), and as a Platinum MasterCard, it comes with many MasterCard (NYSE:MA) benefits. This card is geared towards those of you with fair credit who are either seeking to improve your credit score or are looking for a credit card that will give you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Core Laboratories Beats Overall

Posted: 10 Feb 2011 07:45 AM PST

Core Laboratories N.V. (CLB) reported satisfactory fourth quarter and full-year 2010 results, driven by an impressive performance across all the three business units. Earnings per share (EPS), excluding special items, came in at 84 cents, slightly above the Zacks Consensus Estimate of 81 cents. On a year-over-year basis, EPS increased 33.3% from 63 cents in the fourth quarter of 2009.
For full-year 2010, EPS leaped 23.5% year over year to $3.00 but lagged our projection of $3.05.
Total revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plains Beats On Robust Revenues

Posted: 10 Feb 2011 07:40 AM PST

Plains All American Pipeline, L.P. (NYSE:PAA) announced its fourth-quarter 2010 operating earnings of 99 cents per unit, breezing past the Zacks Consensus Estimate of 86 cents. The results of the partnership were also higher than 80 cents reported in the year-ago quarter.
Plains’ 2010 operating earnings were $3.03 per unit compared with $3.14 per unit reported in 2009. However, the results of the partnership were 16 cents higher than the Zacks Consensus Estimate, as provided by 14 covering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Sound Quarter At Vocus

Posted: 10 Feb 2011 07:40 AM PST

Vocus Inc.'s (NASDAQ:VOCS) fourth quarter 2010 adjusted earnings per share (EPS) of 4 cents surpassed the Zacks Consensus Estimate of 2 cents. Revenue during the quarter was in line with the Zacks Consensus of $26.0 million.
The adjusted figure excludes amortization of intangible assets, acquisition related adjustments to deferred revenue, fair value adjustments to contingent consideration and acquisition related expenses, but includes stock-based compensation expense.
Revenue
Revenue of $26.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Slips Back As Portuguese 19-Year Yields Climb Back Above 7%

Posted: 10 Feb 2011 07:17 AM PST

Sovereign debt fears resurfaced today which knocked back the Euro against its major rivals – especially the USD and GBP. The concerns center around rising yields in the Euro-zone periphery.
Investors demanded a higher premium to hold the debt of those nations with Portugal coming into the crosshairs as its 10-year yield continued to move above the 7% level, which is the threshold cited at which Portugal would not be able to sustain its debt load.

Here's a look at the 10-year yield for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Tumbles On Strong U.S. Jobs Data, Portugal Fears

Posted: 10 Feb 2011 07:13 AM PST

Forex Pros – The euro extended losses, tumbling to a two day low against the U.S. dollar on Thursday, as yields on Portuguese bonds rose and U.S. jobless claims fell to their lowest level since July 2008.

EUR/USD hit 1.358 during European late afternoon trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.3582, tumbling 1.08%.

The pair was likely to find short-term support at 1.3507, Monday's low and a two-week low and resistance at 1.3834, the day's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lions Gate Narrows Loss, Misses EPS

Posted: 10 Feb 2011 07:10 AM PST

Lions Gate Entertainment Corp. (NYSE:LGF) recently reported third-quarter 2011 results. The company posted a quarterly loss of 4 cents a share, a noticeable recovery from a loss of 55 cents a share in the prior-year quarter. The analysts covered by Zacks had expected Lions Gate to deliver a lower loss of 1 cent a share.
Total revenue for the quarter jumped 24.0% year over year to $422.9 million reflecting an increase in home entertainment, international film and TV revenues. Theatrical revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cisco Slides Again

Posted: 10 Feb 2011 07:10 AM PST

Cisco Systems' (NASDAQ:CSCO) second quarter 2010 earnings (excluding one-time items and including stock based compensation) beat the Zacks Consensus estimate by 2 cents, or 6.7%. Revenue was more or less in line, missing by 0.1%.
As in the past, estimate revisions were limited prior to the announcement of earnings, leaving the Zacks Consensus estimate for the quarter at $0.30, flat with the year-ago quarter and easily exceeded by Cisco. While positive, the earnings surprise was not exceptional and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Varian Medical

Posted: 10 Feb 2011 07:10 AM PST

Oncology and X-Ray products company, Varian Medical Systems (NYSE:VAR), reported respectable first-quarter fiscal 2011 (ended September 30) earnings per share from continuing operations of 80 cents beating the Zacks Consensus Estimates of 73 cents, and exceeding the corresponding year-ago figure of 63 cents. Profit increased 22% year over year to $96.5 million, benefiting from rising sales of both oncology systems and X-Ray products.
First Quarter Highlights
Varian's top line witnessed a 7% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Wholesale Inventories Rise More-than-expected In December

Posted: 10 Feb 2011 07:03 AM PST

Forex Pros – U.S. wholesale inventories rose more-than-expected in December, official data showed on Thursday.

In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.0% in December, compared to a flat result of 0.0% in November, whose figure was revised from a decline of 0.2%.

Analysts had expected U.S. wholesale inventories to rise by 0.7% in December.

Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD sliding 1.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD – Elliot Wave Count Confirmation

Posted: 10 Feb 2011 07:00 AM PST

AUD/USD Forms Double Top Below 1.02 (2/9)
AUD/USD

- The AUD/USD did top off as anticipated in the last post, and has broken below 1.0050, about to test the 1.00, parity level.
- A possible wave count is that we completed a WXY corrective wave, where the X wave connected a W and Y wave which were both zig zags.
- In this scenario, the market should be developing bearish impulse waves down.
- Now that the market is providing us a second downswing, possible wave 3, we can test our theory.
- A … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Decline As Cisco Tumbles; Dow Jones Sheds 0.65%

Posted: 10 Feb 2011 06:57 AM PST

Forex Pros – U.S. stocks were broadly lower after the open on Thursday, as downbeat earnings from technology giants Cisco and Akamai overshadowed better-than-expected data on initial jobless claims.

During early U.S. trade, the Dow Jones Industrial Average was down 0.65%, the S&P 500 index slumped 0.66%, while the Nasdaq Composite index dropped 0.65%. 

Earlier in the day, the U.S. Department of Labor said that the number of people who filed for unemployment assistance in the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Brightpoint Upgraded To Outperform

Posted: 10 Feb 2011 06:55 AM PST

We upgrade our recommendation for Brightpoint Inc. (NASDAQ:CELL) to Outperform, following its fourth quarter of 2010 financial results, which was well above the Zacks Consensus Estimate. Significant growth of 3G smartphones throughout the world helped Brightpoint to manage a record-high wireless device in the reported quarter. Most importantly, almost 82% of these mobile devices are managed through the company's high-margin logistic services. According to our view, business fundamentals of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Buffalo Wild Wings, IntercontinentalExchange, Ingersoll-Rand Company, NYSE Euronext, Polo Ralph Lauren, Wells Fargo & Company

Posted: 10 Feb 2011 06:55 AM PST

 Polo Ralph Lauren (NYSE:RL) reported Q3 EPS of $1.72, well ahead of the Zacks Consensus Estimate of $0.80 per share. Revenues for the quarter rose 24% year-over-year to $1.50 billion, above the Zacks Consensus Estimate of $1.39 billion

 IntercontinentalExchange (NYSE:ICE) reported Q4 EPS of $1.35, lower than the Zacks Consensus Estimate of $1.53 per share. Revenues for the quarter rose 11% year-over-year to $285.0 million, below the Zacks Consensus Estimate of $311.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything: Datasets (Many Are Free)

Posted: 10 Feb 2011 06:47 AM PST

The website “Infochimps” makes it easy to buy, sell and share data online.  Many datasets are free, and some are available for sale, here are some examples:

1. Play-by-play data for every Major League Baseball game from 1950 through 2009 (free), and MLB boxscores for all games between 1871 and 2008 (free).

2. Twitter Census: 500 million “tweets” from 35 million users between March 2006 to November 2009 (free), feee datasets also available for NASDAQ and AMEX. 

4. Word list: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Breaks Above Triangle; Targets 84.50

Posted: 10 Feb 2011 06:38 AM PST

USD/JPY Should be Confirming Bottoming Action… (2/7)
USD/JPY

- The bullish intent shown earlier in the week has materialized into a rally that cracked a declining triangle resistance. You can see more clearly, the triangle being broken in the daily chart.
- The 4H chart is giving us a momentum breakout signal as the RSI tags 70, and judging from current price action, should break above 70.
- There is resistance near 83.20 area. If the market wants to resolve overbought conditions … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Trims Gains As Crude Oil Eases Off Daily Low

Posted: 10 Feb 2011 06:31 AM PST

Forex Pros – The U.S. dollar trimmed gains against its Canadian counterpart on Thursday, as the price of crude oil, Canada's largest export, eased back from a session low.

USD/CAD retreated from 0.9988, the pair's highest since February 1, to hit 0.9953 during European afternoon trade, gaining 0.17%.

The pair was likely to find support at 0.9914, Wednesday's low and resistance at 1.0008, the high of February 1.

Earlier in the day, oil prices fell on the back of a broadly stronger … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Thursday: NYSE Euronext, Cisco, Credit Suisse, Danske Bank

Posted: 10 Feb 2011 06:24 AM PST

Markets shifted into a slight “de-risking” mode but refused to go down yesterday.  Higher Beta Sectors led to the downside with Financials, Energy, Materials, and Semi’s all down about a percent.  Consumer Durables, Telco’s, and Foods all outperformed.  Aside from stating that unemployment would “remain elevated”, Bernanke did not say a whole lot in his presentation to the House Budget Committee. Treasuries bounced back from yesterday's selloff as the yield on the 10year settled at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobless Claims Fall Below 400K, Can Labor Market Finally Thaw?

Posted: 10 Feb 2011 06:23 AM PST

The USD, which had been stronger overnight against the EUR because of sovereign debt concerns, got a nice boost from the weekly jobless claims report.
Claims fell by 36K to 388K in the week ending February 5th, a much better figure than the 411K new claims expected. The figure would suggest that the labor market is improving, as claims below the 400K (between 350K-370K) would be consistent with job gains of 150K+.

More on the report from MarketWatch:
"In recent weeks, weather has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goldcorp’s Gold Reserves Surged

Posted: 10 Feb 2011 06:20 AM PST

Goldcorp Inc.'s (NYSE:GG) gold reserves once again increased for the seventh consecutive year. Gold reserves surged 23% to 60.1 million ounces in fiscal 2010. Measured and indicated gold resources also climbed 13% to 25.7 million ounces in 2010, following recent discoveries at its gold projects in Argentina and Canada.
In order to further increase its reserves and resources, add new discoveries and expand existing discoveries, Goldcorp intends to invest an additional $170 million in fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: The Downside Prevails

Posted: 10 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

Canadian Dollar: The Downside Prevails

Posted: 10 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

Swiss Franc: Capped By A Negative Trend Line

Posted: 10 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

Japanese Yen: Under Pressure

Posted: 10 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

British Pound: The Downside Prevails

Posted: 10 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

Euro: Under Pressure

Posted: 10 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

T-Note Reprieve

Posted: 10 Feb 2011 06:18 AM PST

Today’s Idea
March Notes have found near-term solace in the demand from foreign central banks, however, traders remain concerned about inflationary pressure. Rising food and energy prices may be a greater risk to the economy than bank lending at this point. The Fed’s stubborn stance may cause swift and extreme interest rate intervention down the road, when the central bank cannot ignore the 800 pound inflationary gorilla any longer. The chart also suggests that the Note market is mired in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

General Cable Corp. Beats Estimate

Posted: 10 Feb 2011 06:11 AM PST

General Cable Corporation (NYSE:BGC) reported fourth-quarter 2010 earnings per share of 66 cents, beating the Zacks Consensus Estimate of 48 cents. The earnings per share were above the prior-year earnings of 16 cents.
Total Revenue
Total revenue, on a metal-adjusted basis, in the quarter increased by 6.9% year over year to $1,357.8 million. Excluding negative effect from foreign currency exchange rate of $46.0 million, sales on metal-adjusted basis increased by 10.5%.
Volume based on metal pounds … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NET Servicos Posts Mixed Results

Posted: 10 Feb 2011 06:11 AM PST

NET Servicos de Comunicacao S.A. (NASDAQ:NETC) declared mixed financial results for the fourth quarter of 2010. Quarterly net income was $78.3 million or 23 cents per share compared with net income of $81.2 million or 25 cents per share in the year-ago quarter. Fourth-quarter 2010 EPS of 23 cents was well above the Zacks Consensus Estimate of 19 cents.
Fourth-quarter gross revenue was $1,114.2 million, an improvement of 16.7% year over year. The increase was mainly attributable to higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobless Claims Below 400,000

Posted: 10 Feb 2011 06:11 AM PST

Weekly jobless claims have fallen below the 400,000 mark to 383,000 for the week ended February 5th — a dip of 36,000 and a big surprise from the 413,000 expected. It is also the lowest level since July 2008. The four-week moving average is down 15,000 to 431,500, and this figure averages in the exceptional volatility we’ve seen with these numbers lately.

This further pushes the narrative that we have broken out of the “trading range” around 450,000 jobless claims we had been in throughout … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobless Claims Fall To 2.5 Year Low

Posted: 10 Feb 2011 06:07 AM PST

Weekly initial jobless claims fell last week to 383,000 on a seasonally adjusted basis, according to today’s Department of Labor report, which was the lowest level since July 5, 2008, more than 2-1/2 years ago.  The four-week moving average fell by 16,000 to 415,500 (see chart).

Here’s a report from Reuters:

“New U.S. claims for unemployment benefits dropped more than expected last week to touch their lowest point in 2-1/2 years, a government report showed on Thursday, offering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Might Be Forming Head And Shoulder

Posted: 10 Feb 2011 06:02 AM PST

Is EUR/USD Topping at 1.37? (2/9)
EUR/USD

- The 1.37 was cracked, but the market eventually topped of near 1.3740. We anticipated 1.3730 (61.8% retracement) level to hold. The current top is respecting this 61.8% fibonacci level, just with some elbow space.
- Now the decline is materializing, note that the RSI dipped below 30, after failing to rise above 70 during the most recent rally. This suggests the bears are in more control, even though we are yet to be convinced of a significant … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nervousness In All Quarters Sends The Dollar Higher

Posted: 10 Feb 2011 05:54 AM PST

Investor nervousness manifests itself in many ways. For weeks and months buyers have loaded up on equity prices around the world, uncommitted as many other bulls, yet nervous that they are missing the rally. That trend recently accelerated sending equity prices to peaks not seen in two-and-a-half years. And owners of the exchanges upon which these investors trade have, once again, decided that they can’t wait any longer as they face the choice of merge or be bought. Today the dollar is rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Surges To 2-week High On Drop In Jobless Claims

Posted: 10 Feb 2011 05:52 AM PST

Forex Pros – The U.S. dollar surged to a two-week high against the yen on Thursday, after U.S. government data showed a significantly larger-than-expected drop in the number of people claiming first-time unemployment assistance.

USD/JPY hit 83.13 during European afternoon trade, the pair's highest since January 27; the pair subsequently consolidated at 83.1, jumping 0.95%.

The pair was likely to find support at 82.19, Wednesday's low and resistance at 82.91, the high of January 28.

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

Forex Trading: GBPUSD Remains Above Support Despite Better Initial Claims

Posted: 10 Feb 2011 05:44 AM PST

BOE Holds The Line, Keeps Rates Steady

Posted: 10 Feb 2011 05:40 AM PST

The Bank of England kept rates steady at 0.5% today, as expected, despite strong inflation pressures.

From Bloomberg: Bank of England Maintains Aid as Inflation Accelerates
The bank may hold fire until later this year, when it will have official data showing the extent of the economy's rebound from a fourth-quarter contraction. Former policy makers DeAnne Julius and Kate Barker said the bank's stance has damaged its credibility and investors have increased bets that officials will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian NHPI Rises Less-than-expected In December

Posted: 10 Feb 2011 05:37 AM PST

Forex Pros – Canadian new house prices rose less-than-expected in December, official data showed on Thursday.

In a report, Statistics Canada said its new housing price index rose by 0.1% in December, after rising by 0.3% in November.

Analysts had expected the new housing price index to rise by 0.2% in December.

According to the data, the top contributors to the NHPI monthly increase in December were Toronto and Oshawa, as well as Winnipeg.

The report said that year-over-year, the NHPI was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Initial Jobless Claims Drop More-than-expected

Posted: 10 Feb 2011 05:33 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell significantly more-than-expected, dropping to the lowest level since early July 2008, 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 February 5 fell to a seasonally adjusted 383K, after rising to 419K in the preceding week, whose figure was revised up from 415K.

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

Citi Trends’ Sales Disappointing

Posted: 10 Feb 2011 05:30 AM PST

Citi Trends Inc.(NASDAQ:CTRN) recently reported an increase of 1.3% in total sales to $172.0 million for the thirteen-week period ended January 29, 2011 compared with $169.8 million in the thirteen-week period ended January 30, 2010, but failed to surpass the Zacks Consensus Estimate of $190.0 million.
However, comparable store sales plunged 11.4% during thirteen-week period. Month-wise, comparable store sales declined 2.6% in November, 10.7% in December and 23.5% in January. The decrease in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver & The Great Conspiracy

Posted: 10 Feb 2011 05:05 AM PST

There’s never a dull moment in the silver market. Recently we discussed the merits of investing in physical, rather than paper commodities, and my personal preference for physical is neatly underscored by the current rash of conspiracy theories concerning a perceived black hole in vaults where big deposits of the shiny stuff should be.

Google any combination of silver, conspiracy, backwardation and JP Morgan (NYSE:JPM), and enjoy the show! Strongly reminiscent of the more lurid aspects … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Against Rivals As U.S. Jobless Claims Eyed

Posted: 10 Feb 2011 05:04 AM PST

Forex Pros – The U.S. dollar was higher against its all of its major counterparts on Thursday, after the Bank of England held pat on monetary policy and ahead of the release of key U.S. employment data.

During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.8% to hit 1.3621.

The greenback was also up against the pound, with GBP/USD shedding 0.26% to hit 1.6057.

Earlier in the day, the Bank of England's monetary policy committee kept its benchmark … [visit site to read more] or compare Best Credit Cards and Best CD Rates

1-2-3 Reversal In Gold

Posted: 10 Feb 2011 04:54 AM PST

While I don’t think gold is likely to head back down and make a lower low I’m going to lay out a simple strategy to protect against getting caught in case it does.

It appears likely that we may see our first reaction against the new uptrend. This is the #2 test of the lows in a 1-2-3 reversal.

If gold then reverses and breaks through the pivot it will complete the 1-2-3 reversal and it will have begun a pattern of higher highs and higher lows.

That would be the signal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits Daily Low After BOE Holds Interest Rate Steady

Posted: 10 Feb 2011 04:53 AM PST

Forex Pros – The euro was down against the pound on Thursday, amid fresh concerns over a lack of concrete policy measures to tackle the euro zone debt crisis and after the Bank of England kept its interest rate on hold.

EUR/GBP hit 0.8478 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.8489, shedding 0.45%.

The pair was likely to find support at 0.8418, Tuesday's low and resistance at 0.8528, Wednesday's high.

Earlier in the day, the BOE's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“There’s No Sense Of Urgency” In Washington

Posted: 10 Feb 2011 04:35 AM PST

For those critical of Ben Bernanke and his massive bubble inducing, asset inflating quantitative easing program, Ben and his Federal Reserve friends have something to say to you. What wisdom do these banking behemoths have to share? Are you sitting down? In so many words, Bernanke and company offered that 'if you think we're bad, you should really focus on the clowns who have run up the out of control federal deficit.'
Wow!
Do two wrongs make a right? Does digging one hole get us out of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Losses After BOE Keeps Rate Unchanged

Posted: 10 Feb 2011 04:16 AM PST

Forex Pros – The pound trimmed losses against the U.S. dollar on Thursday, easing off a seven-day low after the Bank of England kept its key interest rate unchanged at a record low of 0.5%.

GBP/USD retreated from 1.6015, the pair's lowest since February 1, to hit 1.6063 during European early afternoon trade, shedding 0.22%.

Cable was likely to find short-term support at 1.6008, the low of February 1 and resistance at 1.6123, Wednesday's high.

Economists had been unanimous in predicting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Of England Maintains Benchmark Interest Rate At 0.50%

Posted: 10 Feb 2011 04:02 AM PST

Forex Pros – The Bank of England kept its benchmark interest rate unchanged for the 23rd consecutive month in February, it announced on Thursday.

The bank said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.

The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP200 billion in February.

The minutes of the meeting of the bank's monetary policy committee will be published on Wednesday, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Losses Amid Doubts Over Policy

Posted: 10 Feb 2011 03:38 AM PST

Forex Pros – The euro extended losses against the U.S. dollar on Thursday, falling to a low, as doubts over a lack of concrete policy measures to tackle the euro zone debt crisis hit sentiment.

EUR/USD hit 1.3736 during European late morning trade, the daily low; the pair subsequently consolidated at 1.3633, tumbling 0.72%.

The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3824, the high of February 3.

Markets looked set to wait until March for details of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tullow Oil Reports New Discovery Offshore Ghana

Posted: 09 Feb 2011 11:51 PM PST

Tullow Oil (LON:TLW) , the FTSE 100 oil and gas giant has made a new hydrocarbon discovery with the first well on its 2011 multi-well exploration campaign in the West Cape Three Points licence, offshore Ghana. The Teak-1 exploration well has discovered approximately 73 metres of net hydrocarbons in two Campanian and three Turonian-aged reservoirs. The well is located 4.6km north-east of the Mahogany-2 well and 2.7km outside the boundary of Tullow's hugely successful Jubilee field, which was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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