Wednesday, March 9, 2011

DailyMarkets.com - Currencies And Stocks Suggest Improved Returns From Precious Metals

DailyMarkets.com - Currencies And Stocks Suggest Improved Returns From Precious Metals


Currencies And Stocks Suggest Improved Returns From Precious Metals

Posted: 09 Mar 2011 03:49 AM PST

Middle East is still the talk of interest in the commodity markets and the markets have been experiencing substantial volatility over the past weeks. Commodity markets also followed the trend and witnessed highs; Brent traded above US$115 a barrel while gold continues as a safe haven for investors with prices above $1400 per ounce. Apart from geopolitical speculations, precious metals have influenced by currency and stock market moves.

Before talking explicitly on these factors, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Donaldson’s Aguascalientes Facility

Posted: 09 Mar 2011 03:36 AM PST

Donaldson Company Inc. (NYSE:DCI) recently announced that it will establish another manufacturing facility in Aguascalientes, Mexico.
The existing plant in Aguascalientes manufactures both air and liquid filters. After the establishment of the new manufacturing facility, the existing plant's focus will be narrowed down to the manufacture of liquid filters while the new plant will produce air filters.
Management stated that this new plant will assist Donaldson in satisfying the demand of original … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Donaldson’s Aguascalientes Facility

Posted: 09 Mar 2011 03:06 AM PST

Donaldson Company Inc. (NYSE:DCI) recently announced that it will establish another manufacturing facility in Aguascalientes, Mexico.
The existing plant in Aguascalientes manufactures both air and liquid filters. After the establishment of the new manufacturing facility, the existing plant's focus will be narrowed down to the manufacture of liquid filters while the new plant will produce air filters.
Management stated that this new plant will assist Donaldson in satisfying the demand of original … [visit site to read more] or compare Best Credit Cards and Best CD Rates


German Industrial Production Rises More-than-expected

Posted: 09 Mar 2011 03:04 AM PST

Forex Pros – Industrial production in Germany rose slightly more-than-expected in January, official data showed on Wednesday.

In a report, Destatis, Germany's federal statistical office said industrial production rose by a seasonally adjusted 1.8% in January, after dropping by 0.6% in December, whose figure was revised from a decline of 1.5%.

Analysts had expected industrial production to rise by 1.7% in January.

The report said that year-on-year, German industrial production rose at an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Hits 4-day Low After U.K. Trade Deficit Contracts

Posted: 09 Mar 2011 02:46 AM PST

Forex Pros – The euro slipped to a four-day low against the pound on Wednesday, after official data showed that the U.K. goods trade deficit contracted sharply in January, recovering from its worst reading on record in December.

EUR/GBP hit 0.8565 during European late morning trade, the pair's lowest since last Thursday; the pair subsequently consolidated at 0.8577, shedding 0.30%.

The pair was likely to find support at 0.8478, last Thursday's low and resistance at 0.8635, Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Extends Gains As U.K. Trade Deficit Narrows

Posted: 09 Mar 2011 02:05 AM PST

Forex Pros – The pound extended gains against the U.S. dollar on Wednesday, after official data showed that the U.K. goods trade deficit narrowed in January to its smallest in nearly a year, recovering from its worst reading on record in December.

GBP/USD hit 1.6205 during European morning trade, the daily high; the pair subsequently consolidated at 1.6189, gaining 0.17%.

Cable was likely to find support at 1.6255, the low of February 28 and resistance at 1.6304, Friday's high.

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


Euro Stocks Mixed As Sovereign Debt Fears Weigh; DAX Up 0.12%

Posted: 09 Mar 2011 01:51 AM PST

Forex Pros – European stock markets were mixed on Wednesday, as market sentiment was weighed by renewed concerns over euro zone sovereign debt, while U.S. futures indexes pointed to an upbeat open on Wall Street.

During European morning trade, the EURO STOXX 50 dipped 0.17%, France's CAC 40 shed 0.24%, while Germany’s DAX was down 0.12%.

Earlier in the day, Portuguese bond yields rose to the highest level since the single currency's debut, while Italian 10-year yields climbed above 5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Goods Trade Deficit Narrows More-than-expected In January

Posted: 09 Mar 2011 01:34 AM PST

Forex Pros – The U.K.'s goods trade deficit narrowed more-than-expected in January, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said the country’s goods trade deficit narrowed to a seasonally adjusted GBP7.1 billion in January, compared to a deficit of GBP9.7 billion in December, whose figure was revised from a deficit of GBP9.2 billion.

Economists had expected the goods trade deficit to narrow to GBP8.5 billion in January.

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


Forex – Dollar Mixed As Oil Retreats But Mideast Concerns Remain

Posted: 09 Mar 2011 01:30 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as oil prices retreated further but concerns remained over ongoing unrest in the Middle East.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.20% to hit 1.3876.

But the greenback was lower against the pound, with GBP/USD rising 0.10% to hit 1.6176.

Elsewhere, the greenback was up against the yen but down against the Swiss franc, with USD/JPY climbing 0.23% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Extends Losses As Swiss CPI Rises

Posted: 09 Mar 2011 01:17 AM PST

Forex Pros – The U.S. dollar fell to a fresh daily low against the Swiss franc on Wednesday, after official data showed that Swiss consumer price inflation rose slightly more-than-expected in February.

USD/CHF hit 0.9323 during European morning trade, the daily low; the pair subsequently consolidated at 0.9333, shedding 0.18%.

The pair was likely to find support at 0.9260, Tuesday's low and resistance at 0.9391, the high of February 23.

The Federal Statistics Office said Swiss consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD JPY Forecast For March 9, 2011

Posted: 09 Mar 2011 01:13 AM PST

 
By ForexMansion.com
Looking at this pair on the daily chart, it is clear to see that we are still stuck in a massive wedge that is symmetrical, meaning that there is no real clear bias in one direction or another.
Even with Tuesday's bullish candle, there is a wick in the upper reaches of it that coincide with the super spike we see on the 4 hour chart, signaling a possibly slow drift downward. No trades should be considered until the wedge is broken, giving us a new trend … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD CHF Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 01:12 AM PST

 
By ForexMansion.com
Tuesday's bar in this pair was extremely bullish, and has reached the very top of the recent resistance, closing at almost the highs of the day. With this kind of action, it appears that we are heading back into the former and larger consolidation area between 0.98 and 0.93, which lasted for several months.
The 0.9370 level will more than likely decide, as any move higher than that would confirm the pair wanted to reenter the previous zone. A failure to reach that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD CAD Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 01:10 AM PST

 
By ForexMansion.com
As we have been noticing over the last several days, the USD/CAD pair simply won't budge off of the 0.97 mark, the last bit of support between here an 0.90, the all-time lows in this pair. Certainly this has everything to do with oil prices, and shall be determined by that very fact.
The ability for this pair to simply sit here tells us that it really wants to break down. All that is needed is a catalyst, which is sure to happen sooner or later. Any longs at this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD USD Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 01:08 AM PST

 
By ForexMansion.com
The New Zealand dollar has been sitting at the lower support level of the massive consolidation box that has dominated the last several months. The 0.7350 level is very important because of the strength it has shown in the past. It appears that traders are simply waiting for the interest rate decision that is coming on Wednesday. This pair shouldn't move much until then.
The statement will be vital to the future direction as a rate cut is expected, but the wording … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP USD Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 01:06 AM PST

 
By ForexMansion.com
As we have been talking about, the GBP/USD has been in a rising channel lately, with the candle on Tuesday showing a retest of the bottom trend line of that channel. The daily bar showed a semi-hammer pattern, which confirms the bottom.
If we see a break below that trend line, we could see a run down to about 1.59, and support at the current level, 1.6150 is vital to keep the channel intact. The pair is ultimately trying to reach 1.70, but that will be a long, long, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR USD Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 01:05 AM PST

 
By ForexMansion.com
As noted a couple days ago, the 1.40 handle has in fact served as resistance, and we drifted lower on Tuesday, and should be considered to be healthy by bullish traders as the recent action has been rather steep in its incline.
The pair looks like it wants to drift lower and find support at 1.38, and any new longs should wait until we either see support hold at that level, or fresh new highs in the form of a daily close above 1.40 or higher. A break down below 1.38 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Donaldson’s Aguascalientes Facility

Posted: 09 Mar 2011 01:05 AM PST

Donaldson Company Inc. (NYSE:DCI) recently announced that it will establish another manufacturing facility in Aguascalientes, Mexico.
The existing plant in Aguascalientes manufactures both air and liquid filters. After the establishment of the new manufacturing facility, the existing plant's focus will be narrowed down to the manufacture of liquid filters while the new plant will produce air filters.
Management stated that this new plant will assist Donaldson in satisfying the demand of original … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD USD Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 01:04 AM PST

 
This pair has been forming an ascending triangle for quite some time at these levels. Tuesday's bar did nothing to invalidate that as it found support at the bottom of the triangle. The triangle is getting long in the tooth though, and recent measurements suggest that it needs to break in the next few days. If it does not, we could see a bit of a "trend line" break, and drift back to 0.98 before it is all said and done.
A break of the top of the triangle at 1.02 measures to a move … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 8, 2011

Posted: 09 Mar 2011 01:00 AM PST

Investors took profits on currency pairs that have recently run up creating a corrective them for the trading session.  The short-term momentum traders have been frustrated with the euro's inability to convincingly break above the $1.40 level and sterling's four attempts at $1.6350 appears to be the main impetus behind today's pullback.
With today's losses, the euro has slipped through the post-Trichet comments made last week.  The next band of support is seen in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Of Thailand Lifts Rate 25bps To 2.50%

Posted: 09 Mar 2011 12:38 AM PST

The Bank of Thailand increased the 1-day bond repurchase rate by 25 basis points to 2.50% from 2.25% previously. The Bank noted in its statement: “the MPC assessed that gradual normalization of the policy rate remains appropriate for anchoring inflationary expectations and reducing the risk of financial imbalances in the economy”. Thailand reported annual inflation of 2.87% in February, with core CPI inflation at 1.35%, compared to 1.32% in January, and below the Bank’s official inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Hits 3-day High As U.S. Treasury Yields Ease Up

Posted: 09 Mar 2011 12:30 AM PST

Forex Pros – The U.S. dollar rose to a three-day high against the yen on Wednesday, as a slight rise in U.S. Treasury yields and seasonal buying by Japanese investors supported the greenback.

USD/JPY hit 82.93 during early European trade, the pair's highest since Friday; the pair subsequently consolidated at 82.80, rising 0.17%.

The pair was likely to find support at 82.20, Tuesday's low and resistance at 83.07, Friday's high.

Japanese investors tend to buy the dollar for bookkeeping … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss CPI Rises More-than-expected In February

Posted: 09 Mar 2011 12:20 AM PST

Forex Pros – Consumer price inflation in Switzerland rose more-than-expected in February, official data showed on Wednesday.

In a report, the Swiss Federal Statistics Office said consumer price inflation rose by 0.4% in February, after falling by 0.4% in January.

Analysts had expected Swiss CPI to rise by 0.3% in February.

The report said that the year-over-year rate of inflation rose by an annualized 0.5% in February, compared to an increase of 0.3% in January. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Erases Modest Gains As RBNZ Rate Decision Awaited

Posted: 09 Mar 2011 12:12 AM PST

Forex Pros – The New Zealand dollar erased modest gains against its U.S. counterpart on Wednesday, easing off the daily high ahead of the Reserve Bank of New Zealand’s official cash rate decision due Thursday.

NZD/USD retreated from 0.7416, the daily high, to hit 0.7390 during late Asian trade, dipping 0.03%.

The pair was likely to find support at 0.7349, Monday's low and resistance at 0.7472, the high of March 3.

New Zealand's Prime Minister John Key said last week that he expects the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD NZD Forex Forecast For March 9, 2011

Posted: 09 Mar 2011 12:10 AM PST

By ForexMansion.com
The AUD/NZD broke out several days ago as it smashed through the 1.35 handle. The bullish action was followed by a semi-parabolic move, and as such, the bulls are taking a rest. The bar on Tuesday fell as the resting continued, as we will certainly come back and retest the 1.35 handle for support.
With the Kiwis having an interest rate announcement on Wednesday, don't expect much movement in this pair between now and then. Any surprise that leads to more cuts in NZ will … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Rise As Oil Prices Retreat; Nikkei Gains 0.61%

Posted: 08 Mar 2011 11:58 PM PST

Forex Pros – Asian stock markets were broadly higher on Wednesday, as concerns over rising energy prices eased as oil prices declined, while the Nikkei was boosted by better-than-expected data on machinery orders. 

During late Asian trade, Hong Kong’s Hang Seng Index added 0.59%, South Korea’s Kospi Composite gained 0.26%, while Japan's Nikkei 225 Index climbed 0.61%. 

Oil prices fell below USD105 a barrel after Kuwait's oil minister said on Tuesday that the Organization of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Hits Daily Low As Weak Data Dents Sentiment

Posted: 08 Mar 2011 11:52 PM PST

Forex Pros – The Australian dollar was down against its U.S. counterpart on Wednesday, after official data showed that Australian home loans tumbled while consumer confidence hit a nine-month low.

AUD/USD hit 1.0061 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0089, sliding 0.08%.

The pair was likely to find support at 1.0000, the low of February 24 and resistance at 1.0184, Monday's high.

Earlier in the day, the Australian Bureau of Statistics said … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Lower For Third Day As Debt Fears Weigh

Posted: 08 Mar 2011 11:26 PM PST

Forex Pros – The euro was down against the U.S. dollar for a third day on Wednesday, amid renewed concerns over euro zone sovereign debt ahead of a European summit meeting, due to be held on Friday.

EUR/USD hit 1.3873 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3901, dipping 0.03%.

The pair was likely to find support at 1.3742, the low of March 3 and resistance at 1.3988, Tuesday's high.

Heads of state from the 17-nation single currency bloc were to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Wednesday 09 March

Posted: 08 Mar 2011 11:22 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore market up slightly after a retreat in oil prices,, with STI opened at 3110.54.
News Updates:

Singapore’s inflation rate could hit 4% this year, the highest level since 2008 and at the upper end of an official forecast range of 3%-4%, according to a Monetary Authority of Singapore survey.

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Home Loan Approvals Plunge In January

Posted: 08 Mar 2011 11:19 PM PST

Forex Pros – The number of Australian new home loan approvals fell significantly more-than-expected in January, official data showed on Wednesday.

In a report the Australian Bureau of Statistics said the number of home loans granted fell by a seasonally adjusted 4.5% in January, after rising by 2.1% in December.

Analysts had expected the number of home loans granted to fall by 0.3% in January.

The report said that the total value of loans fell by 5.3% in January, decreasing to AUD20.2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: HDFC Bank, Ltd.

Posted: 08 Mar 2011 11:05 PM PST

We downgrade our recommendation on HDFC Bank, Ltd. – ADS (NYSE:HDB) to Underperform from Neutral based on the looming threat of higher cost of funds and ebbing loan demand.
Higher operating expenses along with puffy provisions and contingencies were the downside in its latest earnings report. Increasing competition in the retail space with the re-entry of peers is a future concern. Also, slowing loan demand is expected to keep bottom line under pressure.
Our six-month target price of $141.00 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Legacy Reserves LP

Posted: 08 Mar 2011 11:05 PM PST

Investors looking for both strong earnings growth and a big yield should check out Legacy Reserves LP (NASDAQ:LGCY). The company is expected to grow earnings by 182% in 2011 and pays a distribution that yields a hefty 6.6%.
Valuation is attractive too, with shares sporting a PEG ratio of 0.78. It is a Zacks #2 Rank (Buy) stock.
Company Description
Legacy Reserves LP is an independent oil and natural gas limited partnership. It is headquartered in Midland, Texas and has a market cap of $1.4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Omega Protein Corp.

Posted: 08 Mar 2011 11:05 PM PST

Omega Protein Corp (NYSE:OME) has been red-hot since its earnings release last week. Estimates are moving higher, keeping valuations attractive.
This Zack #1 Rank (Strong Buy) is set for another great year and should see double-digit growth for the next couple of years.
Company Description
Omega Protein makes fish oils with Omega-3 fatty acids for health-conscious humans, as well as specialty fish meal for aquaculture and livestock.
Net Income Tripled
On Mar 3 Omega Protein reported excellent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Deckers Outdoor Corp.

Posted: 08 Mar 2011 11:05 PM PST

Deckers Outdoor Corp. (NASDAQ:DECK) continues to trade near its 52-week high on strong Q4 results from late February that included a 14% earnings surprise. With estimates on the upswing and a bullish growth projection, this Zacks #1 rank stock has momentum to boot.
Company Description
Deckers Outdoor Corp. designs and sells footwear and accessories worldwide. It is the company makes the very popular Ugg boots.The company was founded in 1973 and has a market cap of $3.4 billion.
Shares of Deckers … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Trinity Biotech (TRIB)

Posted: 08 Mar 2011 11:05 PM PST

Since its Q2 2010 clinical lab coag divestiture, Trinity Biotech (NASDAQ:TRIB) has slashed operating costs and begun pumping its huge and growing cash balance into higher growth segments. Expectations are high for the PDX instrument, expected to launch in Europe and the U.S. in 2011.
Development of several new POC tests is ongoing, the fruits of which should be realized in 2012. TRIB has also just announced a share buyback program and dividend.
Management has a recent history of underpromising and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 08 Mar 2011 10:20 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3889, down 0.11% at time of writing.

The pair was likely to find support at 1.3863, Tuesday's low, and resistance at 1.4036, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8600 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down In Asian Trade

Posted: 08 Mar 2011 09:50 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.6153, down 0.05% at time of writing.

The pair was likely to find support at 1.6126, Tuesday's low, and resistance at 1.6341, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8592 and GBP/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 08 Mar 2011 09:20 PM PST

Forex Pros – The Euro was higher against the Swiss Franc on Wednesday.

EUR/CHF was trading at 1.3005, up 0.01% at time of writing.

The pair was likely to find support at 1.2914, Monday's low, and resistance at 1.3040, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.3890 and EUR/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During Asian Trade

Posted: 08 Mar 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9360, up 0.09% at time of writing.

The pair was likely to find support at 0.9224, Friday's low, and resistance at 0.9369, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.12% to hit 1.3889 and USD/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The Asian Session

Posted: 08 Mar 2011 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Wednesday.

EUR/GBP was trading at 0.8599, down 0.06% at time of writing.

The pair was likely to find support at 0.8566, Friday's low, and resistance at 0.8636, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.3890 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Corporate Social Responsibility: A Fundamentally Subversive Doctrine In A Free Society

Posted: 08 Mar 2011 08:05 PM PST

Target’s Subversive Policy of Corporate Responsibility
(Click to enlarge)

Milton Friedman writing in the New York Times Magazine in 1970, “The Social Responsibility of Business is to Increase its Profits”:

“The businessmen believe that they are defending free en­terprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During Asian Trade

Posted: 08 Mar 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.

USD/JPY was trading at 82.82, up 0.18% at time of writing.

The pair was likely to find support at 81.95, Monday's low, and resistance at 83.05, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.09% to hit 1.3893 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down In Asian Trading Hours

Posted: 08 Mar 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9714, down 0.01% at time of writing.

The pair was likely to find support at 0.9700, Monday's low, and resistance at 0.9748, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.14% to hit 1.3885 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oracle Rolls Out New Application

Posted: 08 Mar 2011 06:35 PM PST

Oracle Corp. (NASDAQ:ORCL) has introduced the PeopleSoft Mobile Inventory Management application, an important addition to its portfolio of inventory management and mobile solutions.
The PeopleSoft Mobile Inventory Management application enables users to perform common inventory transactions through handheld devices, personal digital assistants and radio frequency scanners, using Microsoft Corp.'s (NASDAQ:MSFT) Windows operating system.
The ability to perform the transactions on wireless devices would … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During Asian Trade

Posted: 08 Mar 2011 06:30 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 1.0075, down 0.23% at time of writing.

The pair was likely to find support at 1.0054, Tuesday's low, and resistance at 1.0186, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.15% to hit 1.3792 and AUD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Working For The Greater Share

Posted: 08 Mar 2011 06:25 PM PST

Many people still don’t realize that at least some of the developments they took for granted during the good times were not self-sustaining and would only carry on for as long as the apparent economic nirvana that ended with the arrival of the global financial crisis.
Once it became apparent that there wasn’t enough pie to go around, the spirit of cooperation that had over the course of six decades boosted cross-border trade to an unprecedented degree and stimulated ever-increasing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 08 Mar 2011 06:05 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3893, down 0.09% at time of writing.

The pair was likely to find support at 1.3863, Tuesday's low, and resistance at 1.4036, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8596 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During Asian Trade

Posted: 08 Mar 2011 05:35 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday.

EUR/JPY was trading at 115.05, up 0.09% at time of writing.

The pair was likely to find support at 114.56, Monday's low, and resistance at 116.00, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.12% to hit 1.3889 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, March 8, 2011

Posted: 08 Mar 2011 05:17 PM PST

The market bounced back today after weakness early in the trading session.  By the close stocks finished off their highs for the session.  Participation did not indicate investors were buying stocks.  Market breadth was good though.  Staying with the trend we are raising the support/resistance levels on the DJIA and Nasdaq Composite (see below).  For the S&P 500 we are raising its support level but keeping its resistance level the same (see … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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