Wednesday, March 30, 2011

DailyMarkets.com - Chase Ultimate Rewards Offers – Use Chase Credit Card Points To Bid On Fantastic Holidays

DailyMarkets.com - Chase Ultimate Rewards Offers – Use Chase Credit Card Points To Bid On Fantastic Holidays

Chase Ultimate Rewards Offers – Use Chase Credit Card Points To Bid On Fantastic Holidays

Posted: 30 Mar 2011 07:30 AM PDT

Chase (NYSE:JPM) is offering an April promotion whereby Chase Freedom, Chase Sapphire, Chase Sapphire Preferred and Ink from Chase cardmembers can bid on incredible travel deals to exciting destinations through its “Ultimate Travel – 30 Days of Great Deals”. This month-long travel auction is open to cardmembers under the Ultimate Rewards program.

Starting bids start from as low as 1,000 points ($10 value!), and if you have enough points in your rewards account, you can take part in the auction. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Daily And Weekly Trend Structure Update For Copper

Posted: 30 Mar 2011 07:17 AM PDT

I've heard a lot of chatter about Copper prices and a potential reversal lately, so let's take a quick look at simple trend structure and levels to watch on both the important weekly and daily chart frames.
First, the Weekly Chart gives the bigger perspective:

First of all, when quantifying trend on the weekly chart, let's look at the two main (simple) metrics:
1.  Pure Price: Price continues to make a series of intermediate term higher highs and higher lows
2.  Moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PSEi Bulls Are Back!

Posted: 30 Mar 2011 07:05 AM PDT

After hitting a snag for several months now, it appears that the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi has found its winning shape again. Presently, things looks more upbeat now, at least from the technical point of view, for the Philippine economy as it is represented by the local equities index.
You see, the index had been trading within a descending channel since November of last year as I've pointed out in my recent post just the other day (please see it here). At … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Family Dollar Reports In-Line

Posted: 30 Mar 2011 06:55 AM PDT

Family Dollar Stores Inc. (NYSE:FDO) recently posted second-quarter 2011 results. The quarterly earnings of 98 cents a share came in line with the Zacks Consensus Estimate, but jumped 21% from 81 cents earned in the prior-year quarter due to healthy sales witnessed in the Consumable and Seasonal categories.
The company had earlier guided earnings in the range of 97 cents to 98 cents for the quarter under review. The Zacks Consensus Estimate rose by 2 cents prior to the earnings release, resulting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time Warner’s New Debt Offering

Posted: 30 Mar 2011 06:55 AM PDT

Following the foot steps of The Home Depot Inc.'s (NYSE:HD), the world’s largest home improvement specialty retailer, offer of $2.0 billion senior note and Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, enhancing its pre-announced senior notes offering to $1.0 billion from $750.0 million, Time Warner Inc. (NYSE:TWX), the diversified media conglomerate, announced the sale of debt through notes and debentures.
The offering is expected to close on April 1, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Lower In Choppy Trading. Eyes Key Support.

Posted: 30 Mar 2011 06:54 AM PDT

The EURUSD  is down on the day and below the midpoint of the weeks trading range at 1.4084and 100 bar MA on the 5 minute chart at 1.4085. This is as good a level to gauge bullish or bearish momentum today along with the 200 bar MA at the 1.4092 level (green line in the chart above). 
The double bottom at the 1.4058 level will be the next key level to get through today for obvious reasons.  Not only is the level important on the 5 minute chart, but looking at the hourly chart the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fortune Brands Remains Neutral

Posted: 30 Mar 2011 06:36 AM PDT

We have maintained our long-term ‘Neutral’ recommendation on Fortune Brands Inc. (NYSE:FO) with a target price of $63.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock.
Fortune Brands is a leading diversified consumer products company that caters to a wide array of products ranging from home and hardware to premium spirits and golf equipment. The Illinois-based company manufactures and sources its products largely from Canada, Mexico, Europe, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP Gets A Pop From Fundamentals, But Can It Turn The Tide For Beleaguered Pound

Posted: 30 Mar 2011 06:36 AM PDT

The GBP, which has been pressured heavily in the last 2 weeks as traders priced in a less hawkish Bank of England saw some strength in overnight trading thanks to reports showing better services and retail data.
The GBP/USD rallied from a low near 1.5980 to 1.6080, but then had a hard time maintaining those gains, falling back down as we entered the NY session.

For a technical analyis look at the GBP/USD see today's Technical Update: GBP/USD Breaks Above Double Bottom Towards 1.6100, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nokia Sues Apple Again

Posted: 30 Mar 2011 06:36 AM PDT

The battle for supremacy in the global smart-phone market is gradually getting intense. The legal tussle between Nokia Corp. (NYSE:NOK) and Apple Inc. (NASDAQ:AAPL) is likely to linger for many more days. Today, Nokia filed a legal suit with the U.S. International Trade Commission (ITC) stating that Apple violates seven of its patents in all of its converged mobile devices including mobile phones, portable music players, tablets and computers.
Patent litigation issues between Nokia and Apple … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Amazon.com, Apollo Group, Coleman Cable, CryoLife, Credit Suisse Group, Cisco Systems, CVB Financial, Home Depot, J P Morgan Chase & Co, Technology Research, Walgreen Company

Posted: 30 Mar 2011 06:36 AM PDT

 Home Depot (NYSE:HD) said the company plans to buy back $1 billion of outstanding shares through an accelerated share repurchase program with Barclays Capital, 

 Amazon.com (NASDAQ:AMZN) shares rose over 2% to $173.88 after the company introduced a service offering remote access to music

 Cisco (NASDAQ:CSCO) announced its plans to buy software company newScale Inc. for an undisclosed amount, a move which will boost its cloud computing services

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

Japanese Yen: Under Pressure

Posted: 30 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: 30 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: 30 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

Swiss Franc: Under Pressure

Posted: 30 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

Opinions Differ On Rate Increases By The Bank Of England

Posted: 30 Mar 2011 06:18 AM PDT

Today’s Idea
With little chance of a major change of policy by the Bank of England and the April British Pound options expiring in less than 2 weeks, some traders who are expecting the June British Pound futures to continue to remain range-bound may wish to explore selling strangles in the April options with call strike prices above resistance at 1.6385 and put strikes below support at 1.5734. For example, with the June Pound trading at 1.5995 as of this writing, the April Pound 1.6400 calls … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Resumes Gains Following ADP Report

Posted: 30 Mar 2011 06:14 AM PDT

U.S. Dollar – Evidence of an improving labor market this week may nourish that seed planted by Bullard, changing investors’ perceptions over his suggestion that it makes sense for the Fed to hold off buying $100 billion of its scheduled $600 billion in bonds by June. The ADP employment report kicked off events showing private employers added 201,000 jobs during March, with initial claims tomorrow and ahead of Friday’s critical March non-farm payroll report. Bullard takes the podium in London … [visit site to read more] or compare Best Credit Cards and Best CD Rates

When It Comes To Selling His Own Book, Ian Fletcher Must Believe Free Trade Does Work

Posted: 30 Mar 2011 06:14 AM PDT

Nobody in recent months has expressed more public opposition to free trade than Ian Fletcher, see “Ten Problems With Free Trade”  and “The Social Snobbery of Free Trade” for some examples of his anti-free trade vitriol.  In the last link, he accuses President Obama of being a “free trader,” and that accusation alone should give you a good idea how much an “anti free-trader” Fletcher really is.   

Given his opposition to free trade, I was surprised to receive the email … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Consolidating At The Highs

Posted: 30 Mar 2011 06:08 AM PDT

The AUDUSD had a narrow trading range at the top of the range. The pair continues to benefit from a global growth story scenario. Global growth increases, the AUDUSD should benefit. If there are signs of faltering – and the US employment report on Friday will be key – then the pair will likely correct.
From a technical perspective, the price bumped against the underside of a channel trendline on the hourly chart. That level came in at 1.0336. The high for the day came in at 1.0331. Traders had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Virgin Wins Legal Battle

Posted: 30 Mar 2011 06:07 AM PDT

United Kingdom's second largest pay television and fixed-line telephone services provider, Virgin Media Inc (NASDAQ:VMED), recently won a legal battle against Gemstar-TV Guide International, a subsidiary of Rovi Corporation (ROVI).
In 2008, Gemstar,  which is now a part of U.S. based Rovi Corporation, sued Virgin Media for violating its patent rights. Gemstar, popularly known for its Electronic Programme Guides (EPGs), supports interactive on-screen menu systems mostly used by television … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amdocs Wins Contract

Posted: 30 Mar 2011 06:06 AM PDT

A leading provider of customer relationship management (CRM), Amdocs Limited (NYSE:DOX) recently won a deal from telecom operator Vodafone (NYSE:VOD) in Germany. As per the contract, Amdocs will upgrade Vodafone Germany's operating platform to Linux-based system in order to support huge data size on a daily basis.
Vodafone D2, Vodafone's subsidiary in Germany, is the leading telecom operator in the country with a subscriber base of more than 36 million. With the growing popularity of smartphones … [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 0.4%

Posted: 30 Mar 2011 06:06 AM PDT

Forex Pros &ndash; U.S. stock futures pointed to a higher open on Wednesday as upbeat earnings and merger and acquisition activity overshadowed disappointing ADP employment data.<br /><br />Dow Jones Industrial Average futures pointed a gain of 0.4%, the S&amp;P 500 futures indicated a rise of 0.45%, while Nasdaq 100 futures climbed 0.6%.&nbsp; <br /><br />Earlier in the day, payroll processing firm ADP said non-farm private employment rose by a seasonally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Remains Broadly Higher After ADP Payrolls Report

Posted: 30 Mar 2011 05:57 AM PDT

Forex Pros &ndash; The U.S. dollar remained broadly higher against its major counterparts on Wednesday, after payroll processor ADP said U.S. private employers added 201,000 jobs in March, while February’s figure was revised down slightly.<br /><br />During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD sliding 0.22% to hit 1.4080.<br /><br />The payrolls data was broadly in line with expectations. Analysts had expected an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Equity Gains, Feds Move Towards Normalization Further Weakens JPY Vs USD

Posted: 30 Mar 2011 05:43 AM PDT

Equities rally in mid-week trading…
Global equities showed strong gains overnight led in Asia by a 2.64% increase in the Nikkei 225, and a 1.27% rise in the S&P ASX – the main index in Australia. Those gains carried over to Europe  where the Stoxx Europe 600 index rose 0.8%.

From Marketwatch: "Japanese stocks soared Wednesday on a weakened yen and news some firms will soon restart production at plants affected by the devastating earthquake and tsunami, while solid results from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Surcharge: A Recession Vaccine?

Posted: 30 Mar 2011 05:36 AM PDT

With the world still reeling under recessionary shockwaves, regulatory officials of more than two dozen countries are mulling over imposing a capital surcharge on the world's largest banks whose collapse could further threat the global economy, Bloomberg reported last week. This will be an addition to the new set of minimum capital standards, known as Basel III, imposed by the world regulators in 2010.
The convention will adopt tougher measures for banks deemed 'too big to fail', in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SABESP’s 4Q Soars, Surpasses Estimate

Posted: 30 Mar 2011 05:36 AM PDT

Sao Paulo, Brazil-based Companhia de Saneamento Basico do Estado de Sao Paulo, or SABESP's (NYSE:SBS) net income for the fourth quarter 2010 jumped a 12.7% year over year to R$574.9 million (US$340.2 million) or R$2.52 per share (US$2.98 per ADR). Earnings per ADR surpassed the Zacks Consensus Estimate of US$2.33 per ADR.
In the fiscal year 2010, earnings per share improved 8.2% year over year to R$7.16 or US$8.18 per ADR and also surpassed the Zacks Consensus Estimate of US$6.16 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ELP’s FY10 Positive, Misses Estimate

Posted: 30 Mar 2011 05:36 AM PDT

Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL reported its financial results for the fourth quarter and fiscal year 2010. Net income in the year increased 24.8% year over year to R$987.8 million (US$564.5 million) or R$3.61 per share (US$2.06 per ADR). Earnings per ADR were below the Zacks Consensus Estimate of US$2.12 per share.
The year-over-year momentum was driven by higher revenues, which were partially offset by higher expenses in the year.
Revenue
In the fiscal year 2010, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian RMPI Rises Significantly More-than-expected

Posted: 30 Mar 2011 05:36 AM PDT

Forex Pros &ndash; Canada’s raw materials price index rose significantly more-than-expected in February, official data showed on Wednesday.<br /><br />In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 1.8% in February, after increasing by 0.4% in January, whose figure was revised up from 0.3%. <br /><br />Analysts had expected the raw materials purchase price index to rise by 0.8% in February.<br /><br … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. ADP Non-farm Payrolls Rise Less-than-expected In March

Posted: 30 Mar 2011 05:22 AM PDT

Forex Pros &ndash; U.S. non-farm private employment rose less-than-expected in March, industry data showed on Wednesday.<br /><br />In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 201K in March, after rising by 208K in February, whose figure was revised down from 217K.<br /><br />Analysts had expected non-farm private sector employment to increase by 210K in March.<br /><br />The report said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY Breaks Above 133.00 And Targets 135.00 Area

Posted: 30 Mar 2011 05:10 AM PDT

GBP/JPY Breaks Above Narrow Range to Test 132.50 (3/29)
GBP/JPY

Short Term
- The GBP/JPY followed through the anticipated rally towards 132.50 as we got the European session under way.
- The market didn't respect the resistance here and at 133.00, and broke above heading into the US session.
- As we noted, the next target is the 135.00 level. However a pause could be ahead as the RSI in both the 1H and 4H charts are above 70. These are bullish signs for the medium term, but for the near and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Gains As ADP Employment Report Eyed

Posted: 30 Mar 2011 04:59 AM PDT

Forex Pros &ndash; The pound trimmed gains against the U.S. dollar on Wednesday, easing off a three-day high as markets awaited a report on U.S. private sector employment by payroll processing firm ADP.<br /><br />GBP/USD retreated from 1.6082, the pair&rsquo;s highest since last Friday, to hit 1.6033 during European early afternoon trade, easing up 0.13%.<br /><br />Cable was likely to find support at 1.5936, Monday&rsquo;s low and a two-month low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Euro Under Pressure Against Broadly Stronger Dollar

Posted: 30 Mar 2011 04:41 AM PDT

Forex Pros &ndash; The euro remained under pressure against the U.S. dollar on Wednesday, amid growing expectations that the Federal Reserve will move towards policy normalization when its second round of bond-buying ends in June.<br /><br />EUR/USD hit 1.4059 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.4089, slipping 0.17%.<br /><br />The pair was likely to find short-term support at 1.4019, Monday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Trapped In Triangle; 1.4150 And 1.4060 Are Key Pivots

Posted: 30 Mar 2011 04:38 AM PDT

EUR/USD to Retest 1.40 with Swing Projection Target at 1.3960 (3/29)
EUR/USD

Short Term and Medium Term- The EUR/USD is trapped in a triangle, and the RSI is trapped between 60 and 40 reflecting the momentum during congestion.
- Noted in the previous post, 1.4060 was an important level to break and close below for the 1H chart to accelerate towards 1.40 and perhaps 1.3960.
- So far, the market has tested that level repeatedly, and cracked it a few times, but never able to close cleanly below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Breaks Above Double Bottom Towards 1.6100, 1.6170

Posted: 30 Mar 2011 04:10 AM PDT

GBP/USD's Breakout Signals Reversal Towards 1.5750 to 1.58 (3/28)
GBP/USD

Short Term and Wave Count- The GBP/USD has rallied above a double bottom formation, suggesting a reversal from the decline from the 1.64 area.
- This could be just a correction to the decline. If we are in a zig zag, the rally should see resistance at 1.61 as wave (c) would then be 161.8% projection of wave (a). Above that, it is difficult to assume this to be a correction.
- Above 1.61, we do have another resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three Hurdles That Persist For Active ETFs

Posted: 30 Mar 2011 04:00 AM PDT

Actively-managed ETFs are now close to completing the 3rd year of their existence. The oldest active ETFs on the market, a set of four funds that Invesco PowerShares launched in April 2008, will reach their 3rd anniversary on April 11th, 2011.
Growth within the active ETF space has been solid but most observers would agree that it hasn't been spectacular. Active ETFs in the US had combined assets of just $2.1 billion at the end of June 2010 and that number had grown by more than 65% to $3.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits 4-day Low After Upbeat U.K. Economic Data

Posted: 30 Mar 2011 03:51 AM PDT

Forex Pros &ndash; The euro extended early losses against the pound on Wednesday, falling to a four-day low, following the release of upbeat U.K. data on services sector growth and retail sales.<br /><br />EUR/GBP hit 0.8753 during European morning trade, the pair&rsquo;s lowest since last Thursday; the pair subsequently consolidated at 0.8769, shedding 0.51%.<br /><br />The pair was likely to find support at 0.8662, last Thursday&rsquo;s low and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Where Are We Headed In The Middle East?

Posted: 30 Mar 2011 03:43 AM PDT

I do not believe during my lifetime that the world has ever been faced with such a wide array of risks and challenges. Stop and ponder the breadth and depth of the risks emanating from Japan, Europe, and the United States. Volumes will be written on how these economic arenas handle the substantial challenges currently facing them. Truth be told, I believe it will be decades before we are able to properly review and fully assess how the world's central bankers and political leaders navigated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Swiss Franc Dips Vs. Dollar As Risk Appetite Recovers

Posted: 30 Mar 2011 03:25 AM PDT

Forex Pros &ndash; The Swiss franc was lower against the U.S. dollar on Wednesday, dipping to a two-week low as renewed optimism over the global economic recovery sapped demand for safe haven assets.<br /><br />USD/CHF hit 0.9250 during European morning trade, the daily high; the pair subsequently consolidated at 0.9220, easing up 0.24%.<br /><br />The pair was likely to find support at 0.9139, Tuesday&rsquo;s low and resistance at 0.9316, the high of March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Broadly Higher On Automakers; DAX Rallies 1.5%

Posted: 30 Mar 2011 03:21 AM PDT

Forex Pros &ndash; European stock markets were broadly higher on Wednesday, as automakers led gains amid hopes the global economic recovery was gathering pace, while U.S. futures indexes pointed to a higher open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 gained 0.65%, France&rsquo;s CAC 40 climbed 0.8%, while Germany’s DAX 30 rallied 1.5%.<br /><br />European automakers performed strongly after Japanese automakers began resuming … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deltex Medical Shares Soar On Recommendation From NICE

Posted: 30 Mar 2011 01:02 AM PDT

Deltex Medical (LON:DEMG) , the AIM quoted medical device business, said this morning that the National Institute for Health and Clinical Excellence (NICE) had published final guidance recommending its CardioQ-ODM system. Deltex Medical is behind the development of systems that are used by clinicians for oesophageal Doppler monitoring (ODM). NICE, the body that guides the NHS on how and where to spend its money, issued preliminary guidance on Deltex Medical's CardioQ-ODM in October 2010. That … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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