Thursday, March 31, 2011

DailyMarkets.com - CNOOC, Total To Buy Tullow’s Stake

DailyMarkets.com - CNOOC, Total To Buy Tullow’s Stake

CNOOC, Total To Buy Tullow’s Stake

Posted: 31 Mar 2011 08:05 AM PDT

CNOOC Limited (NYSE:CEO) and French company TOTAL SA (NYSE:TOT) have signed a contract with Britain’s Tullow Oil PLC to acquire three Ugandan exploration blocks, after the deal was delayed by a tax dispute. The deal costs a cumulative $2.9 billion for CNOOC and TOTAL to buy a third of the share each from the British oil producer. The investments made by these oil giants in the oil-rich Lake Albert Rift Basin would bring into focus the importance of Uganda as an upcoming exploration … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lindsay Outperforms Zacks Estimates

Posted: 31 Mar 2011 08:05 AM PDT

Lindsay Corporation (NYSE:LNN) delivered an EPS of 89 cents in its fiscal 2011 second quarter ended February 28, 2010, ahead of the Zacks Consensus Estimate of 70 cents and up 85% from 48 cents in the year-ago quarter.
Total revenues in the quarter were $120.2 million, up 41% year over year and above the Zacks Consensus Estimate of $110 million. Total irrigation equipment revenues increased 35% year over year to $91.7 million. On the domestic front, irrigation revenues perked up 72% to $66.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nokia Suffers Setback

Posted: 31 Mar 2011 07:35 AM PDT

Recently, Standard & Poor's Rating Services (S&P) has downgraded the credit rating of Nokia Corp. (NYSE:NOK), citing the reason that the rating agency expects weak operating margin for the company. S&P also expects Nokia to further suffer loss in market share in the mobile handset segment until it comes out with Windows Mobile 7-based smartphones. In order to revamp its sagging smartphone business, Nokia has decided to adopt Microsoft Corp. (NASDAQ:MSFT) developed Windows Mobile 7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dr. Reddy’s Adds GSK US Facility

Posted: 31 Mar 2011 07:35 AM PDT

Dr. Reddy's Laboratories (NYSE:RDY) recently said that it completed the acquisition of GlaxoSmithKline plc's (NYSE:GSK) United States oral penicillin facility along with the product portfolio. The companies had first announced the deal in November 2010.
Following the completion of the acquisition, Dr. Reddy's will own the penicillin manufacturing site in Bristol, Tennessee, United States, and the US rights to the Augmentin and Amoxil brands. Glaxo will retain the ex-US rights to these … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MAKO-HMA Pact To Set New Sites

Posted: 31 Mar 2011 07:35 AM PDT

MAKO Surgical Corp. (NASDAQ:MAKO), a medical devices firm that markets both the Rio Robotic Arm Interactive Orthopedic surgical system as well as the proprietary Restoris implant for less intrusive orthopedic procedures known as MAKOplasty, recently entered into a firm commitment for the setting up of eleven new MAKOplasty sites with Health Management Associates (NYSE:HMA). It is anticipated that these MAKOplasty sites will be established during 2011.
MAKO Surgical Corp. stated it was encouraged by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobless Claims Both Up And Down

Posted: 31 Mar 2011 07:35 AM PDT

Were Initial Claims for Unemployment Insurance up or down? Well how about both? They fell by 6,000 last week to 388,000, but last week were revised up by 12,000, so one could see it as a 6,000 increase. This was a bit worse than the expected level of 383,000.

The trend in initial claims is downward, although there have been some bumps along the way. The weekly numbers, after an erratic few months, seem to have broken decisively to the downside. First the holidays and then the bad weather … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Flat After Canadian GDP Data, U.S. Jobs Report

Posted: 31 Mar 2011 07:10 AM PDT

Forex Pros &ndash; The U.S. dollar pared losses against its Canadian counterpart on Thursday, to trade unchanged on the day, following data showing that new U.S. claims for unemployment benefits fell last week while Canada&rsquo;s economy grew in line with expectations in January.<br /><br />USD/CAD retreated from 0.9682, the pair&rsquo;s lowest since March 10, to hit 0.9709 during early U.S. trade, unchanged on the day.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Best CD Rates

KeyCorp Repays TARP Dues

Posted: 31 Mar 2011 07:06 AM PDT

KeyCorp (NYSE:KEY) became one of the latest three banks to repay its bailout money. The company has fully repaid its $2.5 billion in outstanding Troubled Asset Relief Program (TARP) funds on Wednesday.
KeyCorp's repayment was financed by proceeds from the recent $625 million common equity offerings and $1 billion debt offerings, in addition to other funds from available resources. Following the approval from the Federal Reserve earlier in the month, the company had announced the pricing of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: GameStop Corporation

Posted: 31 Mar 2011 07:06 AM PDT

GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently posted fourth-quarter 2010 results.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we will cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report Review
GameStop's quarterly earnings of $1.56 a share came in line with the Zacks Consensus Estimate and rose 20.9% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DryShips Falls Short Of Estimate

Posted: 31 Mar 2011 07:06 AM PDT

Yesterday after market close, DryShips Inc. (NASDAQ:DRYS) declared financial results for the fourth quarter of 2010 that lagged behind the Zacks Consensus Estimates. The core drybulk voyage segment continues its downtrend. However, renewed oil rig contracts boosted year-over-year profit. In the after market trade on NASDAQ, stock price of DryShips was up 5 cents (1.01%) to $4.98.
Quarterly GAAP net income was $99.7 million or 29 cents per share compared with a net income of $9.6 million or 2 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Factory Orders Unexpectedly Decline In February

Posted: 31 Mar 2011 07:06 AM PDT

Forex Pros &ndash; U.S. factory orders declined unexpectedly in February, official data showed on Thursday.<br /><br />In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted -0.1% in February, after jumping by 3.3% in January, whose figure was upwardly revised from 3.1%. <br /><br />Economists had expected U.S. factory orders to rise by 0.5% in February.<br /><br />Following the release of the data, the U.S. dollar was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY To Consolidate With Further Bullish Prospect Ahead

Posted: 31 Mar 2011 06:51 AM PDT

GBP/JPY Breaks Above 133.00 and Targets 135 (3/30)
GBP/JPY

Short Term and Medium Term- The GBP/JPY looks to be topping form a triple top, or some head and shoulder. The RSI in the 1H chart is breaking below 40 after bearish divergence.
- These are signs that we completed an impulse wave and should be in a correction.
- It's tricky though. While the likelihood is that we completed wave (5), there is always a chance that wave (4) is an expanded flat or some complex correction before (5).
- In … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chicago PMI Falls Less-than-expected In March

Posted: 31 Mar 2011 06:50 AM PDT

Forex Pros &ndash; Manufacturing activity in the Chicago area fell less-than-expected in March, industry data showed on Thursday.<br /><br />In a report, market research group Kingsbury International said its Chicago purchasing managers&rsquo; index fell to a seasonally adjusted 70.6 in March from 71.2 in February.<br /><br />Analysts had expected the index to decline to 69.5 in March.<br /><br />On the index, a reading above 50.0 indicates expansion, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Remains Lower After Decline In U.S. Jobless Claims

Posted: 31 Mar 2011 06:39 AM PDT

Forex Pros &ndash; The U.S. dollar remained broadly lower against its major counterparts on Thursday, after government data showed that new U.S. claims for unemployment benefits fell last week.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.34% to hit 1.4175.<br /><br />Earlier Thursday, the European Central Bank said that it would not announce new liquidity measures for Irish banks.<br /><br … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CIT Reduces $2.5 Billion Of Debt

Posted: 31 Mar 2011 06:36 AM PDT

On Wednesday, CIT Group Inc. (NYSE:CIT) announced that it will redeem an additional $2.5 billion of its 7% Series A second lien notes. As per the deal, the company has set the redemption price at 102% of the total principal amount and the notes will be redeemed on a pro-rata basis.
The notes to be redeemed include about $1.1 billion principal amount of the remaining 2013 Series A Notes and approximately $1.4 billion principal amount of the 2014 Series A Notes. CIT aims to complete the redemption … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Investment & Unemployment, Pre & Post 1990

Posted: 31 Mar 2011 06:36 AM PDT

Recently John Taylor, the Economics Professor at Stanford and the author of the Taylor Rule which is often used in monetary policy, caused a bit of a dust up in the Economics blogging community with the following graph showing a very tight correlation between the percentage of the economy that is going towards investment (Y axis), and the unemployment rate since 1990 (X axis).

Of course, correlation is not the same thing as causality, and it is not exactly clear which way the causality would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Acxiom, Align Technology, Best Buy Co., BlackRock, Bruker, Cephalon, Conn’s, Genzyme, GeoResources, Valeant Pharmaceuticals International, Wells Fargo & Company

Posted: 31 Mar 2011 06:36 AM PDT

 According to a report from Bloomberg, Valeant Pharmaceuticals (NYSE:VRX) made a hostile bid to acquire Cephalon (NASDAQ:CEPH) for about $73 a share in cash or about $5.7 billion, after earlier bids were rejected

 Standard & Poor's said the world's biggest asset manager BlackRock Inc (NYSE:BLK) would replace Genzyme Corp. (NASDAQ:GENZ)  in the S&P 500 index  after Friday's close

 Wells Fargo Securities initiated coverage on exploration company GeoResources Inc. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro Surges Against Dollar On Surprising Inflation Data

Posted: 31 Mar 2011 06:31 AM PDT

The Euro gained across the board in the overnight session as inflation data showed that price pressures accelerated unexpectedly in March. The Euro is now up 6.2 percent against the Greenback this year. The EUR/USD pair has been able to advance unabated for the past few days, despite the growing suspicion that Portugal will require a bailout, and that Ireland, who has stress tests for its commercial banks due today, will need more capital to remain solvent. Nonetheless, ff there were any doubts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 31 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: 31 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: 31 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: 31 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

Monster Employment Index Increases By 9% In March: 14th Straight Month Of Annual Growth

Posted: 31 Mar 2011 06:14 AM PDT

The U.S. Monster Employment Index was released today, here are some highlights:

1. The March index rose to 136 in March, up from 129 in February and up by 9% compared to the year-ago level of 125.  

2. The annual increase in March was the 14th consecutive year-over-year increase in the Monster Index starting in February last year (see chart above).  

3. All 28 metro markets covered by the Monster Index recorded positive annual growth in March, with Detroit (+51%), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD’s Double Bottom Breakout And A Heavy Throwback

Posted: 31 Mar 2011 06:13 AM PDT

GBP/USD Breaks Above Double Bottom Towards 1.61, 1.6170 (3/30)
GBP/USD

Short Term- The GBP/USD hit 1.61 and got to a pattern breakout projection at 1.6150, but missed 1.6170 50% retracement level.
- There was a bearish divergence, and the market is resolving this with a heavy throwback that is already going towards the 1.6020 pivot.
- Candlestick action already suggests a completed corrective wave, possibly a zig zag, with a wave (c) that had an extended 5th.
- The RSI is now coming back down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Futures Point To Lower Open; Dow Futures Shed 0.1%

Posted: 31 Mar 2011 06:10 AM PDT

Forex Pros &ndash; U.S. stock futures pointed to a lower open on Thursday as market sentiment was weighed by disappointing data on initial jobless claims, while shares of Berkshire Hathaway sank following the unexpected resignation of a high-profile executive. <br /><br />Dow Jones Industrial Average futures pointed a loss of 0.1%, the S&amp;P 500 futures indicated a decline of 0.2%, while Nasdaq 100 futures shed 0.15%.&nbsp; <br /><br />Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rent-A-Center Stays Neutral

Posted: 31 Mar 2011 06:08 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII) is one of the largest rent-to-own operators in the U.S.and leverages an extensive network of about 3,000 stores to effectively penetrate its target markets, and gain a competitive advantage over its competitors, such as Aaron's Inc. (AAN), and Advance America.
The company is taking prudent steps to optimize rental merchandise levels in accordance with the sales trends. Rent-A-Center implemented a centralized inventory management system, including automated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tractor Supply Still Outperforms

Posted: 31 Mar 2011 06:07 AM PDT

We have maintained our long-term ‘Outperform’ recommendation on Tractor Supply Company (NASDAQ:TSCO) with a target price of $65.00 per share. Moreover, the company has a Zacks #2 Rank, implying a short-term ‘Buy’ rating on the stock.
Tractor Supply is the largest operator of farm and ranch stores in the U.S., a unique market position that serves the lifestyle needs of recreational farmers and ranchers. The company’s stores are strategically positioned in small towns, close to its target customers, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VF Corp. Completes Acquisition

Posted: 31 Mar 2011 06:07 AM PDT

V.F. Corporation (NYSE:VFC), a global leader in branded lifestyle apparel, in an effort to expand the portfolio of its brands, recently announced that it has finally concluded the acquisition of Rock and Republic Enterprises Inc. for a value of approximately $57.0 million.
With this acquisition, the company has made its first deal for VF’s Licensed Brands group, which was formed in July 2009. The company will provide details related to its licensing plans in future.
As per the agreement, V.F. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains After Drop In U.S. Jobless Claims

Posted: 31 Mar 2011 06:06 AM PDT

Forex Pros &ndash; The pound erased gains against the U.S. dollar on Thursday, falling from a five-day high after government data showed that new U.S. claims for unemployment benefits fell last week.<br /><br />GBP/USD retreated from 1.6151, the pair&rsquo;s highest since last Friday, to hit 1.6032 during European afternoon trade, shedding 0.25%.<br /><br />Cable was likely to find support at 1.5942, Tuesday&rsquo;s low and resistance at 1.6266, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell

Posted: 31 Mar 2011 06:00 AM PDT

03/31/11 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 Trading: GBPUSD Moves Below Trendline Support/61.8% Retracement

Posted: 31 Mar 2011 05:58 AM PDT

The GBPUSD has moved below the upward sloping trendline at the 1.6058 level and is testing the 50% correction level now at 1.60457.  The 100 hour MA (blue line in the chart below) is now the next key target. Yesterday the price spent time above and below this key MA level using it as support and resistance on a number of hourly bars.  I would expect to find buyers against the level on the first test, but sellers against the underside of the trendline now….The 61.8% retracement is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weaker Dollar As Data Abroad Spurs Growth Hopes

Posted: 31 Mar 2011 05:57 AM PDT

Fears over the prospect of a bailout for Portugal were overcome by a further increase in Euroland inflationary pressures sending the euro back towards its highest in two weeks. Support for the dollar weakened as a series of data elsewhere around the world sharpened demand for alternative currencies on improving prospects for global growth.
U.S. Dollar – The greenback is on the defensive ahead of initial claims data later on Thursday. The report is expected to show a near-unchanged reading of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Surges Higher On Stronger Than Expected CPI Data

Posted: 31 Mar 2011 05:52 AM PDT

The flash, or preliminary, estimate for March's Euro-zone consumer prices climbed to an annual pace of 2.6%, the highest level since October 2008, just before the collapse of Lehman Brothers ushered in the Great Recession. The CPI was at 2.4% in February.
If the markets weren't convinced of the ECB's determination to raise rates at their meeting next week, this seals the deal, and now the question of a series of interest rate increases or even a 50 basis point rise next week will be a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Milton Friedman On Steel, Tariffs, And Trade

Posted: 31 Mar 2011 05:52 AM PDT

Forex Trading: EURUSD Breaks Through Intraday Support

Posted: 31 Mar 2011 05:51 AM PDT

The 38.2% and 100 bar MA at the 1.4187 and scooted lower to 1.4173.  Is there enough bearish momentum to keep the EURUSD down?  Watch for 1.4192 to contain the top.  If not, it is likely to just be stops being triggered.  The 1.4160 level is the next target on the downside where the 200 bar MA and the 61.8% of the days range comes in.
You have to take baby steps when trading against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD – Triangle Breakout; Elliott Wave Count

Posted: 31 Mar 2011 05:51 AM PDT

EUR/USD Trapped in a Triangle; 1.4150 and 1.4060 are Key Pivots (3/30)
EUR/USD

Short Term- The 1.4060 level proved to be a strong support and the market respected it despite hammering at it for a few sessions. The market rallied above the 1.4150 pivot. We mentioned a couple of posts ago that since a strong rejection was seen at 1.4150 before, that a break above would be a good clue of bullish continuation.
- The RSI in the 1H chart confirmed with a break above 70. Now, a failure to break … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves To Test Intraday Support

Posted: 31 Mar 2011 05:45 AM PDT

The EURUSD is down after the US Initial Claims data. The claims were a touch higher than expectations but not a shocking number. 
The pair looks to test the 100 bar MA on the 5 minute chart and the 38.2% of the days trading range.  The level should give clues as to the strength of the rally today.  If it holds the momentum should continue. If not look for a rotation back down.
The EURUSD is up on the back of higher CPI Flash Estimate of 2.6%.  The higher inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 31 Mar 2011 05:41 AM PDT

Forex Pros &ndash; The number of people who filed for unemployment assistance in the U.S. last week fell less-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending March 25 fell to a seasonally adjusted 388K, down from 394K in the preceding week, whose figure was revised up from 382K.<br /><br />Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canada GDP Rises In Line With Expectations In January

Posted: 31 Mar 2011 05:38 AM PDT

Forex Pros &ndash; Canada’s gross domestic product rose in line with expectations in January, official data showed on Thursday.<br /><br />In a report, Statistics Canada said gross domestic product rose broadly in line with expectations, increasing by a seasonally adjusted 0.5% in January, after rising by 0.5% in December. <br /><br />Canada&rsquo;s economy grew at an annualized rate of 3.3% in January, after rising by 3.1% in December, exceeding expectations for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PPG Provides First-Quarter Forecast

Posted: 31 Mar 2011 05:37 AM PDT

PPG Industries Inc. (NYSE:PPG) forecasted its first-quarter 2011 earnings driven by better-than-expected European volumes and expects the trend to continue in the next quarter, allowing the company to raise prices of some products.
For first-quarter 2011, PPG expects earnings to be in the range of $1.30 to $1.35 per diluted share compared with 69 cents per diluted share and 18 cents per diluted share in the first quarters of 2010 and 2009, respectively.
Recently, PPG also entered into an agreement … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weaker Dollar As Data Abroad Spurs Growth Hopes

Posted: 31 Mar 2011 05:35 AM PDT

Fears over the prospect of a bailout for Portugal were overcome by a further increase in Euroland inflationary pressures sending the euro back towards its highest in two weeks. Support for the dollar weakened as a series of data elsewhere around the world sharpened demand for alternative currencies on improving prospects for global growth.
U.S. Dollar – The greenback is on the defensive ahead of initial claims data later on Thursday. The report is expected to show a near-unchanged reading of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits 7-day High As Euro CPI Supports Rate View

Posted: 31 Mar 2011 05:06 AM PDT

Forex Pros &ndash; The euro extended early gains against the U.S. dollar on Thursday, surging to a seven-day high after data showed euro zone inflation unexpectedly accelerated in March, bolstering the case for a rate hike by the European Central Bank next week.<br /><br />EUR/USD hit 1.4233 during European early afternoon trade, the pair&rsquo;s highest since March 22; the pair subsequently consolidated at 1.4222, advancing 0.65%.<br /><br />The pair was likely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Daily Outlook For April 1, 2011

Posted: 31 Mar 2011 04:59 AM PDT

By ForexMansion.com
 
The USD/JPY pair approached the highest level in three weeks, recording the highest level this week at the 83.20 level, The yen continues to fall against the dollar and major currencies, with expectations that central banks in Europe and the U.S. are closer to removing stimulus as the global economy recovers, which implies that the decision to raise interest rates had become close.
Despite the drop in new jobs numbers in the U.S. private sector during the month of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Daily Outlook For April 1, 2011

Posted: 31 Mar 2011 04:59 AM PDT

By ForexMansion.com
 
The AUD/USD continues the upside rally and assuie breaks new records against the U.S. dollar. Demand increased on high-yielding currencies along with a stable outlook for the Australian economy in light of prevailing optimism in the market over the outlook for the global recovery.
There are no major economic releases from the Australian economy on Friday, which could push the pair to move based on the current market sentiment, as well as any effect of the economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Daily Outlook For April 1, 2011

Posted: 31 Mar 2011 04:58 AM PDT

By ForexMansion.com
 
The AUD/NZD pair tried tobreakdown the trading range that limited its movements for more than 3 weeks, however the attempt failed due to the rise witnessed by the Australian dollar, prompting the pair to escape the downward movement.
In general the AUD and NZD are still recovering against the dollar, making it difficult to determine a specific direction for the pair.
There isn’t any vital economical data from Australia putting the weight on kiwi and the current market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD/USD Daily Outlook For April 1, 2011

Posted: 31 Mar 2011 04:57 AM PDT

By ForexMansion.com
 
The NZD/USD dropped on Wednesday as the New Zealand economy business confidence plummeted by 8.7%, the second largest one-month drop in business confidence in the history of the survey.
Nevertheless, Kiwi recovered and touched a one-month high against its major counterpart the US dollar, as gains in stocks around the world boosted demand for higher-yielding currencies.
Friday, the market will focus on the awaited labor figures from the US economy. Unemployment during … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex News – Investors’ Focus On The Positives Trigger Gains Across Financial Markets

Posted: 31 Mar 2011 04:56 AM PDT

By ForexMansion.com
 
Despite the prevailing uncertainties, investors are stubbornly determined to maintain a certain kind of stability within the financial markets and seek riskier assets. Fundamentals and news are no longer grabbing the investors' attention.
Risk events continue to develop in Japan, Libya, the Middle East and Europe, but the focus now seem to be shifted towards the US which tomorrow will release the Non Farm Employment Change, spurring confidence among market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Edges Down As Fed Speculation Wanes

Posted: 31 Mar 2011 04:56 AM PDT

Forex Pros &ndash; The U.S. dollar edged down to a two-day low against the Swiss franc on Thursday, as speculation that the Federal Reserve would move to normalize monetary policy faded.<br /><br />USD/CHF hit 0.9142 during European early afternoon trade, the pair&rsquo;s lowest since Tuesday; the pair subsequently consolidated at 0.9149, shedding 0.36%.<br /><br />The pair was likely to find support at 0.9073, the low of March 25 and resistance at 0.9223, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Focus Back On Libya, Gold And Silver Rise On Risk Aversion

Posted: 31 Mar 2011 04:03 AM PDT

Commodities – Energy
Crude Oil Focus Shifts Back to Libya
WTI Crude Oil (NY Close): $104.27 // -$0.52 // -0.50%
Commentary: Crude prices slid in New York trading following an unexpected surge in weekly inventory figures but have quickly recovered above the $105/barrel overnight as forces loyal leader Muammar Qaddafi lashed out at opposition forces, sending the rebels fleeing east. The move amounts to a setback for the now NATO-led coalition forces bolstering the anti-Qaddafi side of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IN FOCUS: Peritus High Yield ETF (HYLD)

Posted: 31 Mar 2011 04:00 AM PDT

Launch Date: November 30, 2010
Links: Website, Factsheet, Prospectus
Investment Strategy:
HYLD is an actively-managed ETF that aims to generate high current income with capital appreciation being a secondary goal. The fund achieves this through investments in high yield debt securities which provide good yields on principal. The fund is sub-advised by Peritus Asset Management which takes a "value-based, active credit approach" to selecting investments in the high yield market. The managers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits 5-month High As Euro Zone CPI Accelerates

Posted: 31 Mar 2011 03:45 AM PDT

Forex Pros &ndash; The euro surged to a five-month high against the pound on Thursday, after data showing that the inflation rate in the euro zone jumped to a 29-month high in March strengthened the case for the European Central Bank to raise interest rates next week.<br /><br />EUR/GBP hit 0.8836 during European morning trade, the pair&rsquo;s highest since October 26; the pair subsequently consolidated at 0.8828, gaining 0.43%.<br /><br />The pair was likely to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower As Euro Advances On Rate Outlook

Posted: 31 Mar 2011 03:26 AM PDT

Forex Pros &ndash; The U.S. dollar was broadly weaker against its major counterparts on Thursday, while the euro advanced after data showing euro zone inflation unexpectedly accelerated in March, bolstering the case for tighter monetary policy.<br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.63% to hit 1.4215.<br /><br />Earlier in the day, Eurostat said consumer price inflation was expected to rise by a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Decline Ahead Of Irish Bank Results; DAX Down 0.1%

Posted: 31 Mar 2011 03:22 AM PDT

Forex Pros &ndash; European stock markets declined on Thursday, as shares in the financial sector led losses ahead of the results of the Irish banks&rsquo; stress tests, while U.S. futures indexes pointed to a mixed open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 shed 0.45%, France&rsquo;s CAC 40 dipped 0.4%, while Germany’s DAX 30 eased down 0.1%. <br /><br />The Irish Independent Newspaper said that the country&rsquo;s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lo-Q Agrees Virtual Queuing System Deal With German Theme Park

Posted: 31 Mar 2011 12:57 AM PDT

LO-Q (LON:LOQ), the AIM-listed company behind the development of technology that takes the pain out of having to wait in long queues at theme parks and major attractions, has won a contract to install its system at Movie Park Germany. The contract is Lo-Q's fourth new park agreement in recent weeks and follows a three-year contract extension earlier this month to supply its virtual queuing system to Dollywood of Tennessee, the US state's largest tourist attraction. Movie Park Germany marks … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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