Thursday, March 24, 2011

DailyMarkets.com - Best Credit Cards With No Foreign Transaction Fee

DailyMarkets.com - Best Credit Cards With No Foreign Transaction Fee

Best Credit Cards With No Foreign Transaction Fee

Posted: 24 Mar 2011 07:35 AM PDT

Are you someone who often buys stuff online in a different currency, or someone who travels outside the US frequently? If so, are you aware that when you purchase something with your U.S. credit card, most credit card companies charge you an extra fee for paying in a different currency?

That extra fee is the foreign transaction fee which you must pay each time you make a purchase with your card in another country or in another currency. This fee is usually 3-5% of your purchase price, so if … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Insidious Effects Of Japan’s Disaster

Posted: 24 Mar 2011 07:14 AM PDT

While the world’s attention has been focused on the physical destruction wrought by the Japanese earthquake and tsunami, the desperate attempts to contain the fallout from the shattered Fukushima Daiichi plant, and the daunting problems that Japan faces in rebuilding its infrastructure, few have truly illustrated how long-lasting and widespread the radiation’s effects may be. There has also been little mention of how large radiological events affect economies of countries outside the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The New Affirmative Action…. For White Males?

Posted: 24 Mar 2011 07:14 AM PDT

From Andrew Ferguson, writing in the Weekly Standard, “The Quotas Everyone Ignores: Why universities are quietly favoring white males once again”:

“After a half-century of battles over racial and gender preferences for URMs (admissions-speak for "underrepresented minorities," a term that has traditionally comprised nearly anyone who isn't a white male), colleges and universities have boldly embarked on a policy of affirmative action preferences for .  .  . white males. It's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Declines To 2-day Low As Higher Oil Prices Weigh

Posted: 24 Mar 2011 07:02 AM PDT

Forex Pros – The Canadian dollar rose to a two-day high against its U.S. counterpart on Thursday, as crude oil, Canada's largest export, remained well supported by ongoing unrest in the Middle East and Libya.

USD/CAD hit 0.9758 during early U.S. trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 0.9764, shedding 0.52%.

The pair was likely to find support at 0.9733, the low of March 15 and resistance at 0.9843, Wednesday's high.

Crude oil contracts for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Breaks But Finds Momentum Down STOPS

Posted: 24 Mar 2011 06:57 AM PDT

In an earlier report, a break of the support at the 1.4127 should lead to lower levels. It did and the price moved lower, but when the price reached the 100 bar MA on the 5 minute chart, the selling STOPPED and the price reversed back above the trendline and 38.2% retracement level.  
The 1.4150 level is still the target along with the 100 hour MA at the 1.4164 level (blue line in the chart above).  

The Euro continues to be under watch from the fundamental news and events due … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Prospects For Future Econ. Growth Remain Positive

Posted: 24 Mar 2011 06:57 AM PDT

Leading economic indexes for January increased in France (0.9%), Germany (0.4%) and Australia (0.1%), according to releases from the Conference Board over the last week.  These increases in leading economic indexes follow recent reports of increases in the leading indexes of Spain, U.K., China, Korea, Japan and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Colgate To Add Sanex To Portfolio

Posted: 24 Mar 2011 06:55 AM PDT

U.S. consumer goods group Colgate-Palmolive Co. (NYSE:CL) with an objective to expand in the high-margin oral care, personal care and pet nutrition businesses adds one more brand to its portfolio by acquiring Sanex personal care brand from Unilever NV (NYSE:UN). The deal is expected to cost the company $940 million.
Sanex is a good opportunity for Colgate to grow its deodorant and body wash business overseas. Sanex is a brand with a distinct positioning around healthy skin with a strong market share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ACCP: Poised To Deliver Shareholder Value

Posted: 24 Mar 2011 06:36 AM PDT

Grant Zeng, CFA
Investors Update Conference

On March 23, 2011, Access Pharma (ACCP) updated investors on its marketed MuGard, major clinical programs, and its drug delivery technologies.

On the MuGard side, management has seen great progress in its commercial launch in the US. Access officially launched MuGard in the US in August 2010. This program is still in its early commercialization stage. In order to successfully penetrate the market in the future for MuGard, Access has been making … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Serious Problem For SIRIUS XM

Posted: 24 Mar 2011 06:36 AM PDT

Satellite radio service provider SIRIUS XM Radio Inc. (NASDAQ:SIRI) is facing a lawsuit from none other than its star performer Howard Stern. Recently, Mr. Stern has complained that SIRIUS XM failed to pay him stock awards that it granted based on a specific subscriber growth target. According to the SIRIUS XM management, the company was "surprised and disappointed by the lawsuit."
Immensely popular radio-jockey Howard Stern hosts talk-show in SIRIUS XM. Many analysts considered the performance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABB In Indian Power Highway Project

Posted: 24 Mar 2011 06:36 AM PDT

ABB Ltd. (NYSE:ABB) will be providing an ultrahigh-voltage transmission system, valued approximately at $900 million, for the transmission of hydropower from northeastern Indiato the city of Agra. The link covers a distance of more than 1,728 kilometers.
The contract has been given by Power Grid Corporation of India Ltd. (PGCIL) for its North-East Agratransmission project, with plans to build a multi-terminal ultrahigh-voltage direct current system with a record 8,000 MW capacity. The Indian … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Bank Of America, Bunge Limited, Colgate-Palmolive Company, Freeport-McMoRan Copper & Gold, Goldman Sachs Group, Micron Technology, Newcastle Investment, Pulte Homes, UBS AG, Unilever PLC

Posted: 24 Mar 2011 06:36 AM PDT

 According to a regulatory filing, the Federal Reserve rejected Bank of America's (NYSE:BAC) plan for a hike in its dividend in the second half of 2011

 Colgate Palmolive (NYSE:CL) announced its plans to buy the Sanex personal care brand from Unilever PLC (NYSE:UL) for $940 million in cash

 Freeport-McMoRan Copper & Gold (NYSE:FCX) closed 4.97% higher at $54.88 after the company's CEO said that the company has the balance sheet to handle a large acquisition

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

Pound Stumbles For Second Day As Retail Sales Slump, Moody’s Warns

Posted: 24 Mar 2011 06:35 AM PDT

The Pound slid for a second day in a row, after failing to move above the 1.64 level earlier this week. Yesterday, Bank of England Meeting Minutes showed that the BOE was taking a "wait-and-see" approach in regards to their next move on interest rates, which was interpreted by market participants as dovish.
Today, a poor report on UK retail sales hurt the currency, and the prospect of weaker growth in the country prompted some cautious comments from Moody's.
Retail sales fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY To Test Important Support Pivot At 130.40; 128 Is Next

Posted: 24 Mar 2011 06:34 AM PDT

Some Setups in the Forex Markets (3/21 Video)
GBP/JPY

Short-term to Medium Term
- The GBP/JPY pair looks to have completed a bullish impulse wave, which suggests more rally should come.
- However, we first have to  deal with a correction after the market followed the bearish divergence with sideways action instead of a rally.
- This creates a range between 133 and 130.40.
- A break below has a target to 128. This is near a pattern breakout projection, as well as 50% retracement.
- The 4H … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Tries A Move Higher But Fails. 0.9088 Resistance

Posted: 24 Mar 2011 06:31 AM PDT

The USDCHF wandered higher and moved above the 200 hour MA in the Far East trading session. The move above the 200 hour MA should have solicited additional buying interest and although the price moved higher (to 0.9122), the momentum faded and the price moved back below the 200 hour MA (currently at 0.9088).
Now with the 200 hour MA and he 38.2% retracement coming in at the 0.9088 I would expect to see selling pressure against the level. If the price can stay below the level, a move below the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro Gains Against Dollar, Yen Ahead Of EU Summit

Posted: 24 Mar 2011 06:30 AM PDT

Fundamental Headlines
• Futures Higher; Oil Tops $106 a Barrel – WSJ
• Goldman Had 'Inkling' of Investigation – WSJ
• Durable Goods Orders Plunge; Jobless Claims Edge Lower – CNBC
• Gaddafi Resumes Shelling Despite Strikes – Financial Times
• Portugal President Starts Succession Talks – Financial Times
EURUSD: The EUR/USD pair advanced in the overnight session for the first time in three days as European Union leaders began their two-day summit in regards to the sovereign … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD’s Bearish Impulse Wave Suggests Further Correction

Posted: 24 Mar 2011 06:23 AM PDT

GBP/USD to Test Key Pivot at 1.6170…(3/23)
GBP/USD

Short-term to Medium Term
- The cable, GBP/USD is likely starting an impulse wave. and we are likely in wave (v). This means the correction from the rally that stopped at 1.64 is not over.
- There is a bullish divergence suggesting a rally, but this rally is probably going to be a 3-wave correction the decline from 1.64 to 1.6150 area.
- The break below the 1.6170 pivot suggests we can decline towards 1.60, after a correction rally.
- The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Lower Vs. Most Rivals After U.S. Durables Tumble

Posted: 24 Mar 2011 06:22 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, after U.S. durable goods orders tumbled in February while initial jobless claims fell slightly more-than-expected last week.

During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.31% to hit 1.4130. The single currency was supported by the view that the European Central Bank is likely to raise interest rates next month.

But the greenback was higher against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 24 Mar 2011 06:19 AM PDT

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

Japanese Yen: Under Pressure

Posted: 24 Mar 2011 06:19 AM PDT

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

British Pound: Under Pressure

Posted: 24 Mar 2011 06:19 AM PDT

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

Euro: Capped By A Negative Trend Line

Posted: 24 Mar 2011 06:19 AM PDT

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

Forex Trading: GBPUSD Upside Limited And The Pair Rotates Back Lower

Posted: 24 Mar 2011 06:18 AM PDT

The GBPUSD tried to correct on the weaker US data but failed to get above the midpoint of the move up from the March 17th low to the high on March 21st at the 1.6189 level. The failure has pushed the pair down lower in consolidative trade.
The pair is back below the confirming 200 hour MA at the 1.6181 level (green line in the chart above) and will look toward the 1.6140 level as the next target (61.8% of the move up). A move below that level will look toward the 1.6095 level. However, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Commodity Dollars March Forward As Growth Hopes Rise

Posted: 24 Mar 2011 06:14 AM PDT

A mix of growing risk appetite and search for higher yield is working against the dollar on Thursday. Equity index futures rose inspired by gains for European stocks while the nation of Portugal took a step closer to requesting a financial rescue package from its neighbors. Investors brushed aside the potential for greater contagion and looked through to practically guaranteed higher interest rates in April coming from the European Central Bank.
U.S. Dollar – Recent indications show that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Futures Point To Higher Open; Dow Futures Add 0.5%

Posted: 24 Mar 2011 06:10 AM PDT

Forex Pros – U.S. stock futures pointed to a broadly higher open on Thursday, amid a flurry of upbeat earnings reports and after government data showed that initial jobless claims fell more-than-expected last week.   

Dow Jones Industrial Average futures pointed a gain of 0.5%, the S&P 500 futures indicated a rise of 0.55%, while Nasdaq 100 futures climbed 0.85%. 

Earlier in the day, the U.S. Department of Labor said the number of people claiming initial jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rent-A-Center Entices Buckhannon

Posted: 24 Mar 2011 06:09 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII), the largest rent-to-own operator in the U.S. offering consumer durable goods, is all set to entice the residents of Buckhannon by opening a new store and providing them an avenue to own luxury furnishings, electrical devices electronics and computers.
The residents of Buckhannon will get the benefit of acquiring goods with flexible payment options, which will allow them to pay weekly, biweekly or monthly. Further, the company provides a lifetime recall service, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross Sells Harry Winston Stake

Posted: 24 Mar 2011 06:08 AM PDT

Kinross Gold Corporation (NYSE:KGC) sold its 8.5% equity interest in Harry Winston Diamond Corporation (NYSE:HWD). The equity interest consisted of approximately 7.1 million Harry Winston common shares, on an underwritten block trade basis, for gross proceeds of CDN$100 (US$D102 million) million.
Kinross acquired the additional shares of Harry Winston in August 2010 as part of an exchange for Kinross selling its 22.5% interest in the partnership that owns 40% of the Diavik Diamond Mine for US$50 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thoughts On Oil & The Middle East

Posted: 24 Mar 2011 06:08 AM PDT

A book that I have read and highly recommend is Twilight in the Desert by Matthew Simmons, who was a Houston-based analyst and investment banker in the energy field for several decades. He died last year.  He is best known for championing the ‘Peak Oil’ thesis, which was first broached by M. King Hubbert, a U.S. geologist, who accurately predicted that U.S. oil production would peak in the early 1970′s.

The World Beyond 'Peak Oil'

Using Mr. Hubbert's work, others, including Mr. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EC Refers Italy To Court Over Alcoa

Posted: 24 Mar 2011 06:08 AM PDT

The European Commission (EC) is taking the Italian government to court for failing to recover € 295 ($417) million in illegal state aid provided to two Alcoa Inc. (NYSE:AA) aluminum smelters five years ago.
In November 2009, the commission, which has antitrust powers within the European Union, found that Italy had given illegal state aid to Alcoa in the form of a preferential electricity tariff, which provided an unfair advantage to Alcoa over its competitors.
Italy was under an obligation to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down After Mixed U.S. Durables, Jobs Data

Posted: 24 Mar 2011 06:06 AM PDT

Forex Pros – The pound was lower against the U.S. dollar on Thursday, trading close to a four-day low after U.S. durable goods orders fell unexpectedly in February, declining for the third out of the past four months.

GBP/USD hit 1.6151 during European afternoon trade, the pair's lowest since March 18; the pair subsequently consolidated at 1.6167, shedding 0.42%.

Cable was likely to find support at 1.6059, the low of March 18 and resistance at 1.6384, Wednesday's high.

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

Before The Bell

Posted: 24 Mar 2011 06:00 AM PDT

03/24/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Erases Gains After Poor U.S. Durables Data

Posted: 24 Mar 2011 05:57 AM PDT

Forex Pros – The U.S. dollar erased gains against the Swiss franc on Thursday, easing back from a six-day high after U.S. durable goods orders tumbled in February, a worse-than-expected result and the third fall in the past four months.

USD/CHF retreated from 0.9124, the pair's highest since March 16 to hit 0.9058 during European afternoon trade, shedding 0.28%.

The pair was likely to find support at 0.8977, Wednesday's low and resistance at a 0.9197, the high of March 16.

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

Forex Trading: EURUSD Tests Midpoint Of Corrective Move Down

Posted: 24 Mar 2011 05:56 AM PDT

The EURUSD bottomed earlier today after a 2 day move to the downside. The move to the upside has taken the pair toward the 50% retracement of the decline. That level comes in at 1.4150. The low from earlier today came in at 1.4053 – just below the 200 hour MA at the 1.4059. The failure to find momentum sellers below this level, gave buyers the initial incentive to buy. Risk was defined. Risk was low.
Now the market has a decision to make – does it break the upside and test the 100 hour MA at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rallies Despite Failed Portuguese Vote, EU Summit Set To Begin

Posted: 24 Mar 2011 05:52 AM PDT

The Euro rallied today across the board, after several sessions where it came under pressure.
The EUR/USD for instance this week had climbed as high as 1.4250, close to a 5-month high, but then receded on worries over the Irish banking system, a vote in Portugal that could decide the government's fate and the fate of Portugal seeking a bailout, and some uncertainty as EU leaders head into their EU summit.
In Portugal, the austerity vote failed with the Prime Minister of the country saying he … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Bounces Off 50% Retracement And Targets 1.43

Posted: 24 Mar 2011 05:51 AM PDT

EUR/USD Forms Head and Shoulder…(3/23)
Euro Rallies Despite Portuguese Vote…(3/24 News)
EUR/USD

Short-term
- The EUR/USD formed a head and shoulder and declined to the 1.4060 level as anticipated, and from there a strong rally is developing. This is bringing the price back to the neckline of the broken head and shoulder.
- The RSI in the 1H chart dipped below 30, but now is testing 60. If it breaks above 60, we are likely going into a sideways market, with support at 1.4060 and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 24 Mar 2011 05:43 AM PDT

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 March 19 fell to a seasonally adjusted 382K, down from 387K in the preceding week, whose figure was revised up from 385K.

Analysts had expected initial jobless claims to fall to 384K.

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

U.S. Core Durable Goods Orders Fall Unexpectedly In February

Posted: 24 Mar 2011 05:37 AM PDT

Forex Pros – U.S. core durable goods orders fell unexpectedly in February, declining for the second consecutive month, official data showed on Thursday.

In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted -0.6% in February, after dropping by -3.0% in January, whose figure was revised from a decline of -3.6%.

Analysts had expected core durable goods orders to rise by 1.8% in February.

The report showed that durable goods orders, which include … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wells Fargo Retrenches 200 Workers

Posted: 24 Mar 2011 05:25 AM PDT

On Wednesday, Wells Fargo & Company (NYSE:WFC) has announced that it will lay off approximately 200 employees, including 82employees in San Antonio, 30 in Addison and 67 in Bedford, Texas in its home mortgage division.
Two years ago, Wells Fargo Home Mortgage division employed approximately 200 people on short-term assignments to support the augmented home loan and refinance applications at its Wiseman campus. When interest rates were favorable, the company hired these workers as a surge in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Rebounds From 4-day Low As Rate View Supports

Posted: 24 Mar 2011 04:54 AM PDT

Forex Pros – The euro rebounded from a four-day low against the U.S. dollar on Thursday, as concerns over the regions sovereign debt crisis appeared to be increasingly priced in to the currency.

EUR/USD clawed back up from 1.4054, the pair's lowest since last Friday, to hit 1.4140 during European late morning trade, gaining 0.39%.

The pair was likely to find support at 1.3979, the low of March 18 and resistance at 1.4214, Wednesday's high.

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

Forex – EUR/GBP Hits 3-day High After Soft U.K. Retail Data

Posted: 24 Mar 2011 04:01 AM PDT

Forex Pros – The euro extended gains against the pound on Thursday, after official data showed that retail sales in the U.K. fell more-than-expected in February, underlining concerns over the uneven nature of the country's economic recovery.

EUR/GBP hit 0.8744 during European morning trade, the pair's highest since Monday' the pair subsequently consolidated at 0.8724, gaining 0.54%.

The pair was likely to find support at 0.8653, Wednesday's low and resistance at 0.8760, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BlackRock IShares Receives Approval For Active ETFs

Posted: 24 Mar 2011 04:00 AM PDT

BlackRock iShares, one of the key players in the ETF industry which filed to launch actively-managed ETFs, has finally received exemptive relief from the SEC on March 1st. According to the exemption granted, the application was initially filed in Nov 2008 and was subsequently amended in May 2009, June 2010 and Nov 2010.
In the latest amendment, iShares specified that it is planning for the launch of two actively-managed ETFs for a start – the iShares Active Fixed Income Fund and the iShares … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Trading In Narrow Range Amid Intervention Concerns

Posted: 24 Mar 2011 03:19 AM PDT

Forex Pros – The U.S. dollar was trading in a narrow range against the yen on Thursday, as persistent concerns over possible Bank of Japan intervention to weaken the yen kept the currency in check.

USD/JPY hit 80.76 during European morning trade, the daily low; the pair subsequently consolidated at 81.00, easing up 0.12%.

The pair was likely to find support at 79.06, last Friday's low and resistance at 81.98, the high of the same day.

On Wednesday, the BoJ refrained from injecting cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Advance Ahead Of EU Summit; DAX Up 0.65%

Posted: 24 Mar 2011 03:15 AM PDT

Forex Pros – European stock markets were broadly higher on Thursday, ahead of an EU summit to discuss the euro zone debt crisis, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 gained 0.52%, France's CAC 40 added 0.4%, while Germany’s DAX 30 climbed 0.65%.

Shares in the financial sector were mixed after Portugal's parliament rejected a fresh round of budget cuts proposed by Prime Minister Jose Socrates, who immediately … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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