DailyMarkets.com - Discover Card – Which Discover Credit Card To Get?

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• Discover Card – Which Discover Credit Card To Get?
• Will Mother Nature’s Wrath Of Expected Gains In Cotton Acreage?
• Is Trichet Setting The Stage For Multiple Rate Hikes, Or Larger Increase In April?
• U.S Pending Home Sales Rise Significantly More-than-expected
• Earnings Scorecard: Tiffany & Company
• NII Holdings Issues Senoir Notes
• Stock Market: Two Biggest Fears Getting Closer
• NZD/USD Completes Gartley; Slingshot Targets 0.80-0.82 Zone
• S&P Raises Outlook On Hartford
• Forex – EUR/GBP Hits 5-month High Boosted By Rate Hike Outlook
• ArcelorMittal Arranges Assets
• Franklin Upgraded To Outperform
• Aussie Hits Record High Above $1.03, But Retreats
• Swiss Franc: Under Pressure
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• Euro: Capped By A Negative Trend Line
• Fed Speakers Shore Up The Dollar
• Feb. Real Consumer Expenditures At Record-High
• Illinois Bank Fails, Tally Hits 26
• Stock Market News Briefs: American Campus Communities Inc, ADTRAN, Altera, Basic Energy Services, Best Buy Co., Brunswick, Belo, Bank Of Hawaii, Harsco, CarMax Inc, LoJack, Research In Motion Limited
• EUR/CHF To Confirm Bullish Breakout Towards 132.00
• IBM Expands In Taiwan
• Earnings Scorecard: Ross Stores
• U.S. Stock Futures Point To Higher Open; Dow Futures Add 0.1%
• Before The Bell
• Will There Be A QE3?
• AUD/NZD Daily Outlook For March 29, 2011
• USD Takes Stiffer Tone As Bullard Suggests QE2 Should Be Wound Down Early
• GBP/JPY’s Breakout Targets: 127.70 Or 132.50
• Record High For Europe’s Leading Economic Index
• U.S. Core PCE Price Index Rises In Line With Expectations
• TOTAL Partners With Kia Motors
• Garmin Beefs Up Aviation Portfolio
• Oracle Reports Strong 3Q
• U.S. Approves 1st New GoM Permit
• AUD/USD Daily Outlook For March 29, 2011
• Forex – Dollar Broadly Higher Ahead Of U.S. Consumer Spending Data
• The Will Robinson Signal: What’s Next?
• GBP/USD’s Breakout Signals Reversal Towards 1.5750 To 1.58
• Forex – GBP/USD Pares Losses After Hawkish Sentance Comments
• Forex – EUR/USD Eases Off 6-day Low As Rate View Supports
• USD/JPY Daily Outlook For March 29, 2011
• EUR/USD’s Wave Count After Gartley At 61.8% Retracement
• Forex News – Dangerous Radiation Levels Outside Fukushima Spread Fears In The Markets
• Bayer Inks Deal
• NZD/USD Daily Outlook For March 29, 2011
• Forex – USD/CHF Retreats From 9-day High As Risk Appetite Declines
• IN FOCUS: Active Bear ETF (HDGE)
• Forex – USD/JPY Hits Six-day High On Upbeat U.S. Economic Outlook
• European Stocks Fluctuate, Porsche Slumps; DAX Down 0.35%
• Tullow Oil Reports Hydrocarbon Discovery In Teak-2 Exploration Well Offshore Ghana
• Stock Investor Sentiment: Not Compelling

Discover Card – Which Discover Credit Card To Get? Posted: 28 Mar 2011 07:35 AM PDT Discover (NYSE:DFS) is one of the largest credit card issuers in the US, and is well-known for the immensely popular Discover Card, which is actually America’s first cash rewards card. There are several types and versions of Discover credit cards (cash back/rewards hybrid cards), and many have similar features. Having reviewed so many credit cards, I can say with confidence that Discover is one of the more competitive card issuers as it frequently comes out with new credit cards for different … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will Mother Nature’s Wrath Of Expected Gains In Cotton Acreage? Posted: 28 Mar 2011 07:18 AM PDT Today’s Idea Given the prospects of significantly higher global Cotton production this year plus continued solid demand for old crop Cotton, some traders may wish to explore old-crop/new-crop bull spreads in Cotton futures. For example, old-crop July Cotton is currently trading at a 70.45 cent premium to the new-crop December Cotton contract. Traders who decide they would like to trade this strategy could buy July Cotton and sell December Cotton, with the hopes that the price differential would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Trichet Setting The Stage For Multiple Rate Hikes, Or Larger Increase In April? Posted: 28 Mar 2011 07:10 AM PDT According to reporting at ForexLive.com ECB President Trichet said that inflation is "durable" above the bank's price stability target, which sounds like Trichet is setting the market up for multiple rate hikes or a larger than expected rate hike at the April meeting. While the US Dollar has gotten some help from an apparent shift towards normalizing monetary policy, the EUR/USD was supported near the 1.40 area on Trichet's comments and from investors and central banks buying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S Pending Home Sales Rise Significantly More-than-expected Posted: 28 Mar 2011 07:08 AM PDT Forex Pros – Pending home sales in the U.S. rose significantly more-than-expected in February, rising for the first time in three months, industry data showed on Monday. In a report, the National Association of Realtors said its pending home sales index jumped by 2.1% in February, after tumbling by 2.8% in January. Analysts had expected the pending home sales index to rise by 0.3% in February. Commenting on the report NAR chief economist Lawrence Yun said, "Pending home sales have … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Tiffany & Company Posted: 28 Mar 2011 07:05 AM PDT Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, recently posted fourth-quarter 2010 results. Street analysts had nearly a week to ponder the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Report Review Tiffany's quarterly earnings of $1.44 per share surpassed the Zacks Consensus Estimate of $1.39, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NII Holdings Issues Senoir Notes Posted: 28 Mar 2011 07:05 AM PDT Latin America-based wireless communication company, NII Holdings, Inc. (NASDAQ:NIHD) has issued $750 million senoir notes, which will mature in 2021. The notes were issued at par through its wholly-owned subsidiary NII Capital Corporaton and carries interest rate of 7.625%. Earlier, the company had proposed to issue $500 million senior notes but increased it by another $250 million. The company plans to close the issue of senoir notes on March 29, 2011. It is believed that the fund available from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market: Two Biggest Fears Getting Closer Posted: 28 Mar 2011 07:03 AM PDT The stock markets remind me of the real estate market in Toronto, Canada. While the U.S. housing market crashed, the real estate market in Toronto is as strong as it has ever been. In fact, builders can't find enough lots to build homes on and developers can't put condo buildings up fast enough in Toronto. In decent areas, the prices of condos have gone up from $400.00 per square foot to well over $1,000 per square foot and buyers are lining up. Same thing with the stock market: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD/USD Completes Gartley; Slingshot Targets 0.80-0.82 Zone Posted: 28 Mar 2011 06:56 AM PDT Commodity Currencies in Reversals (3/23 Video) NZD/USD Medium Term - The NZD/USD has rebounded since an attempt to test the 61.8% retracement level near 0.71. So far, the rally represents a V-shape type reversal. - The rally seen in the 4H chart shows bullish momentum breakout suggesting strength in the medium term. If the RSI in the 4H chart follows with a break above 60, the bullish scenario is more likely. - A correction should see support near 0.7350, and should not break below 0.7290 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

S&P Raises Outlook On Hartford Posted: 28 Mar 2011 06:55 AM PDT On the back of lower investment losses and strong performance in the fourth quarter, the rating agency Standard & Poor’s (S&P) Ratings Services has upgraded its outlook on The Hartford Financial Services Group Inc. (NYSE:HIG), as the company diverts to safer risk profiles in its investment portfolio. S&P has raised the outlook to “stable” from “negative," while it resumed Hartford's counterparty credit rating stands at "BBB". Hartford's performance in its underwriting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits 5-month High Boosted By Rate Hike Outlook Posted: 28 Mar 2011 06:45 AM PDT Forex Pros – The euro was up against the pound on Monday, jumping to the highest level in five months as the single currency was boosted by the view that the European Central Bank was likely to raise interest rates next month. EUR/GBP hit 0.8819 during European afternoon trade, the pair's highest since October 26, 2010; the pair subsequently consolidated at 0.8794, gaining 0.13%. The pair was likely to find support at 0.8662, last Thursday's low and resistance at 0.8882, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ArcelorMittal Arranges Assets Posted: 28 Mar 2011 06:35 AM PDT Steel giant ArcelorMittal (NYSE:MT) announced that 1843208 Ontario Inc. has completed the acquisition of all outstanding securities of Baffinland Mines Corporation, owned by ArcelorMittal (70% stake) and Iron Ore Holdings, LP (30% stake). The announcement included ArcelorMittal, Nunavut Iron Ore Acquisition Inc. and Baffinland Iron Mines Corporation.  Nunavut Iron is wholly owned by Iron Ore Holdings, LP. Further to the acquisition, Baffinland would immediately proceed to delist its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Franklin Upgraded To Outperform Posted: 28 Mar 2011 06:35 AM PDT We have upgraded our recommendation on Franklin Resources Inc. (NYSE:BEN) to Outperform from Neutral. The decision is based on the company's first quarter 2011 earnings, which came in substantially ahead of the Zacks Consensus Estimate, reflecting strong growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses. Franklin's first quarter  earnings came in at $2.23 per share, outpacing the Zacks Consensus Estimate of $1.91 per share. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aussie Hits Record High Above $1.03, But Retreats Posted: 28 Mar 2011 06:33 AM PDT The Australian Dollar has been a top performer in 2010, but came into 2011 weighed down by various factors including the fear that Chinese growth – and demand for Australian exports – would slow as the country hiked rates to cool its economy, that higher interest rates would crimp domestic demand and put pressure on the housing market, and natural disasters that cut into output. Those concerns prompted me to wonder if the Aussie was poorly positioned heading forward back at the beginning … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure Posted: 28 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: 28 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: 28 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: 28 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

Fed Speakers Shore Up The Dollar Posted: 28 Mar 2011 06:19 AM PDT Investors continue to bid riskier assets higher with the latest influence coming in the shape of hawkish comments from a variety of Fed members. Healthier risk appetite recently has hindered the dollar recently as Chairman Bernanke dumbs down labor market developments leading investors to conclude that its exit strategy is still under wraps. But open suggestions that its quantitative support might end sooner than planned and predictions that the Fed will have to adjust its short rate before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Feb. Real Consumer Expenditures At Record-High Posted: 28 Mar 2011 06:16 AM PDT Real consumption expenditures reached a record-high of $9.459 trillion (seasonally adjusted, annual rate in 2005 dollars) in February, according to today’s BEA report on Personal Income and Outlays.  Consumer spending is now 1.1% above the pre-recession level of $9.355 in December 2007, and almost 4% above the cyclical low of $9.114 trillion in April 2009 (see chart above).   … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Illinois Bank Fails, Tally Hits 26 Posted: 28 Mar 2011 06:10 AM PDT Following a week's lull, U.S. regulators shuttered Wood Dale, Illinois-based The Bank of Commerce last Friday, pushing up the number of failed U.S. banks to 26 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the lifesaving programs launched by the government worked in favor of the bigger banks, many smaller banks are still struggling to survive. Persistently plunging home prices, lofty loan defaults and a still-high unemployment rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: American Campus Communities Inc, ADTRAN, Altera, Basic Energy Services, Best Buy Co., Brunswick, Belo, Bank Of Hawaii, Harsco, CarMax Inc, LoJack, Research In Motion Limited Posted: 28 Mar 2011 06:10 AM PDT  Deutsche Bank downgraded Research in Motion (NASDAQ:RIMM) to Sell from Hold rating after the company posted its fourth quarter results. The price target was also lowered from $60 to $50  Citigroup upgraded Altera (NASDAQ:ALTR) to Buy from Hold  RW Baird upgraded American Campus Communities (NYSE:ACC) to Outperform from Neutral  Wunderlich initiated coverage on Bank of Hawaii (NYSE:BOH) with a Buy rating  Goldman Sachs upgraded Basic Energy Services (NYSE:BAS) to Neutral … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/CHF To Confirm Bullish Breakout Towards 132.00 Posted: 28 Mar 2011 06:09 AM PDT EUR/CHF on a Bullish Breakout Targeting 1.3130, 1.3280 EUR/CHF Short Term to Medium Term - The EUR/CHF was seen to be in a breakout towards a couple of swing projection targets 131.30 and 132.80. We know from the 4H and Daily charts that the 132.00 is an important pivot. (This is just about the average of our 2 swing projections one using the long wick, one using a more common low – seen in the 4H chart). - The 1H chart shows that the market is supported above the previous pivot at 1.2880. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Expands In Taiwan Posted: 28 Mar 2011 06:05 AM PDT International Business Machines Corp.(NYSE:IBM) commenced a new Power Systems development laboratory in Taiwan. This new facility will be IBM's first research center outside the US. The new facility will enhance IBM's presence in Taiwan by lending the company's expertise including design capabilities in electrical, mechanical, thermal and firmware, as well as augmentation of skills in customer services, industry domain proficiency and management. IBM has been investing heavily in the Power … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Ross Stores Posted: 28 Mar 2011 06:05 AM PDT On March 17, 2011, specialty retailer Ross Stores Inc. (NASDAQ:ROST) announced its financial results for the fourth-quarter and year-end 2010. Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Review Ross reported earnings of $1.37 per share for fourth-quarter 2010, in line with the Zacks Consensus … [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 0.1% Posted: 28 Mar 2011 06:05 AM PDT Forex Pros – U.S. stock futures pointed to a higher open on Monday, after a government report showed that U.S. consumer spending in February rose at the fastest pace since October, while shares in Eastman Kodak surged ahead of the open.   Dow Jones Industrial Average futures pointed a modest gain of 0.1%, the S&P 500 futures indicated a rise of 0.08%, while Nasdaq 100 futures climbed 0.25%.  Earlier in the day, a report from the U.S. Bureau of Economic Analysis showed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell Posted: 28 Mar 2011 06:00 AM PDT 03/28/11 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

Will There Be A QE3? Posted: 28 Mar 2011 05:56 AM PDT Is there really any doubt that virtually all our markets, especially commodities and with the exception of real estate, have been propped higher as a direct or indirect result of the Federal Reserve's policy of quantitative easing? I have no doubt. The question remains outstanding just how far the Fed, in concert with its banking friends on Wall Street, has gone and will go to further manipulate our markets. That question may never be fully answered. What a shame! For those who believe a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Daily Outlook For March 29, 2011 Posted: 28 Mar 2011 05:51 AM PDT By ForexMansion.com The pair continues to trade in a specific range for more than two weeks, as each of the Australian dollar and New Zealand dollar recover against the U.S. dollar, which is difficult to find a clear direction for theAUD/NZD pair. On the other hand, the Australian dollar could win the battle and tends to rise due to the optimistic outlook for the Australian economy on the contrary to the New Zealand economy which is witnessing a state of vulnerability after the earthquake that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD Takes Stiffer Tone As Bullard Suggests QE2 Should Be Wound Down Early Posted: 28 Mar 2011 05:50 AM PDT The end of last week brought some good news for US Dollar bulls. First, 4th quarter GDP was revised higher to show a 3.1% annualized pace of growth in the 3rd and final release for the quarter, up from the 2.8% we saw in the second release. More importantly, Philadelphia Fed President Plosser gave a speech in which he advocated an exit strategy from loose monetary policy which would call for both simultaneously raising interest rates while selling Treasuries … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY’s Breakout Targets: 127.70 Or 132.50 Posted: 28 Mar 2011 05:44 AM PDT GBP/JPY Tests Support Pivot at 130.40, 128.00 is Next (3/24) GBP/JPY Short Term - The GBP/JPY is in a very narrow channel in the 1H chart between 131.10 and 130.10. This 100 pip range wavers around a previous pivot near 130.40. - Essentially, the market still has not figured out to break south or return to the upper bound of the range roughly between 132.50 and now 130.10. - A break below 130.10 targets 127.70 with a pattern breakout projection. This is conservative considering that the upper … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Record High For Europe’s Leading Economic Index Posted: 28 Mar 2011 05:42 AM PDT The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.9 percent to an historical high of 108.9 in February (2004 = 100), following a 0.7 percent increase in January and an 0.8 percent increase in December.  The February increase in the Euro Area LEI was the fifth straight monthly gain, and starting with a sharp upturn in April 2009, the LEI has increased in 21 out of the last 23 months (see chart above).  Said Jean-Claude Manini, The Conference Board Senior … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Core PCE Price Index Rises In Line With Expectations Posted: 28 Mar 2011 05:38 AM PDT Forex Pros – The U.S. core personal consumption expenditure index rose in line with expectations in February, official data showed on Monday. In a report, the Bureau of Economic Analysis said its seasonally adjusted core PCE price index rose broadly in line with expectations, increasing by a seasonally adjusted 0.2% in February, after rising by 0.2% in January, whose figure was revised up from 0.1%. The report also said that personal spending rose more-than-expected in February, climbing by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TOTAL Partners With Kia Motors Posted: 28 Mar 2011 05:35 AM PDT Integrated oil and gas company TOTAL S.A. (NYSE:TOT) announced that its unit Total Lubrifiants has entered into a five-year international agreement with Kia Motors Corporation. Based near Seoul, Korea, Kia Motors Corporation is a major global player in the automobile industry. The company sells its products through a network of distributors and dealers covering 172 countries around the world. Through this new agreement TOTAL’s unit becomes the recommended partner for sale of lubricants in Kia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Garmin Beefs Up Aviation Portfolio Posted: 28 Mar 2011 05:25 AM PDT Garmin Ltd (NASDAQ:GRMN) announced that its satellite navigation unit, Garmin International has added a couple of panel-mount devices (GTN 650 and GTN 750) for general aviation aircraft. Product Highlights The GTN 650 and GTN 750 are basically enhancements over the existing GNS 430W and 530W that have been popular with customers. They add touchscreen to Garmin avionics for the first time (although some essential keys for establishment of routes and changing of COM frequencies are included) and come … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oracle Reports Strong 3Q Posted: 28 Mar 2011 05:25 AM PDT Oracle Corp. (ORCL) reported strong third quarter results, which beat the Zacks Consensus Estimate based on strong top-line growth. The robust results were driven by approximately 29.0% year over year growth in new software license revenue. Shares were up $1.30 (4.04%) to $33.44 in after-hours trading. Oracle continued to gain market share from its closest rival SAP AG (SAP) in the applications market during the quarter. Total revenue as well as earnings surpassed management's guidance. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Approves 1st New GoM Permit Posted: 28 Mar 2011 05:25 AM PDT U.S. energy behemoth Chevron Corp. (NYSE:CVX) has got the green light for conducting oil and natural gas exploratory drilling in the Gulf of Mexico (GoM). The approval by the U.S. regulators is the first for 'completely new exploration' in the region – i.e. tapping a reservoir from which oil or gas has never been produced – since British giant BP plc's (NYSE:BP) oil rig disaster in April last year. As a reminder, on April 20, 2010, offshore driller Transocean Inc's (NYSE:RIG) ultra-deepwater … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Daily Outlook For March 29, 2011 Posted: 28 Mar 2011 05:17 AM PDT By ForexMansion.com The Australian dollar has seen a significant appreciation versus the U.S. dollar during the last week to reach its highest in several years at 1.0292. Projections indicate that the pair will witness stable trading around this area before returning to decline once again. The main reason behind this decline could be the absence of significant economic data for the Australian economy this week as well as improved performance of the U.S. dollar recently, with the power of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher Ahead Of U.S. Consumer Spending Data Posted: 28 Mar 2011 05:15 AM PDT Forex Pros – The U.S. dollar was up against most of its major counterparts on Monday, boosted by hawkish comments from regional Federal Reserve officials, while investors awaited key data on U.S. consumer spending. During European afternoon trade, the greenback was up against the euro, with EUR/USD slumping 0.37% to hit 1.4033. German Chancellor Angela Merkel’s conservative party suffered a loss in elections in the key state of Baden-Wuerttemberg over the weekend, which could limit Merkel’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Will Robinson Signal: What’s Next? Posted: 28 Mar 2011 05:13 AM PDT The Will Robinson signal is when excessive bullish sentiment occurs at a time of rising inflationary pressures as measured by our composite indicator that assesses the trends in the CRB Index, gold, and yields on the 10 year Treasury.  The signal gets it name from the robot (whose name was B-9) on the TV program “Lost In Space”, who use to flail his arms and yell “Danger, danger, Will Robinson” when he sensed the young lad was in trouble.  Typically, the Will Robinson signal means … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD’s Breakout Signals Reversal Towards 1.5750 To 1.58 Posted: 28 Mar 2011 05:00 AM PDT GBP/USD Tests 1.6060 Pivot; Key Support Zone at 1.5975-1.60 GBP/USD Short and Medium Term - The GBP/USD continues to slide sharply since being spooked at 1.64. We have anticipated a correction to extend, and now the 4H RSI has broken below 30 as the market broke out below the 1.5975- 1.60 support zone. - This means in the short-term we might get a pullback as the market resolves the oversold condition. - In the medium term however, if this pullback is weak we can have confirmed a break below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Pares Losses After Hawkish Sentance Comments Posted: 28 Mar 2011 04:57 AM PDT Forex Pros – The pound pared losses against the U.S. dollar on Monday, pulling back from a seven-week low following hawkish comments made by Bank of England Monetary Policy Committee member Andrew Sentance. GBP/USD hit 1.5936 during European afternoon trade, the pair's lowest since January 31; the pair subsequently consolidated at 1.5984, shedding 0.35%. The pair was likely to find support at 1.5819, the low of January 31, and resistance at 1.6141, Friday's high. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Eases Off 6-day Low As Rate View Supports Posted: 28 Mar 2011 04:40 AM PDT Forex Pros – The euro pared losses against the U.S. dollar on Monday, easing off a six-day low as the single currency remained supported by the view that the European Central Bank was likely to raise interest rates next month. EUR/USD hit 1.4019 during European afternoon trade, the pair's lowest since March 18; the pair subsequently consolidated at 1.4049, shedding 0.26%. The pair was likely to find support at 1.3979, the low of March 18 and resistance at 1.4194, Friday's high. ECB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Daily Outlook For March 29, 2011 Posted: 28 Mar 2011 04:38 AM PDT By ForexMansion.com With the absence of new developments and updates regarding the Japanese crisis during the past week, investors somewhat turned away from focusing on the Japanese crisis and returned to Japan’s and global economies developments and fundamentals. Friday's U.S GDP came better than expected which helped the USD/JPY to break through the narrow trading range that dominated the pair during the last period. Expectations are still biased to the downward movement of the pair over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD’s Wave Count After Gartley At 61.8% Retracement Posted: 28 Mar 2011 04:36 AM PDT EUR/USD Short-term Bullish Wave Count (3/25) EUR/USD Short and Medium Term - The EUR/USD has completed another downswing bearing wave equality with the first. This completes an ABC correction, or in harmonics pattern terminology, a Gartley (AB=CD) correction. - The market is still above a key pivot at 1.40 and is at 61.8% retracement level. - The 4H chart shows the RSI also cracking 40. The market can go to 1.390 or down to the 1.3860 pivot if we see a strong 4H candle to close below 1.40. - … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex News – Dangerous Radiation Levels Outside Fukushima Spread Fears In The Markets Posted: 28 Mar 2011 04:32 AM PDT By ForexMansion.com Asian stock markets fell today for the first time in three sessions after fatal radiation levels were detected outside Japan's nuclear plant, preventing workers from cooling the damaged nuclear reactors. A possible nuclear disaster spread fears among the market participants who lost their appetite for risk. Risky events from around the globe continue to mount this week as well, where the intensified military conflict in Libya, continued tensions in the Middle East, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bayer Inks Deal Posted: 28 Mar 2011 04:25 AM PDT Recently, Bayer (BAYRY) announced that it has inked a deal to purchase the privately-held Hornbeck Seed Company Inc., a reputed seed supplier. Through this deal, whose financial terms were not disclosed, Germany-based Bayer will gain access to the seed businesses of the private entity. The purchase will also give Bayer access to high yielding soybean varieties. Hornbeck Seed Company supplies seeds of the highest quality to customers across Alabama, Arkansas, Georgia, Louisiana, Mississippi … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NZD/USD Daily Outlook For March 29, 2011 Posted: 28 Mar 2011 04:21 AM PDT By ForexMansion.com The New Zealand dollar started this week with a decline after the pair gained during the past week. Kiwi failed to continue its upside movement as the US economic growth has picked up during the fourth quarter, supporting the dollar to reclaim some of its losses, after the Kiwi dollar gained last week to reach its highest level in 3 weeks. The New Zealand economy will release early Tuesday its trade balance for the month of February at 21:45 GMT, where it expected to show a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Retreats From 9-day High As Risk Appetite Declines Posted: 28 Mar 2011 04:06 AM PDT Forex Pros – The U.S. dollar snapped four days of gains against the Swiss franc on Monday, retreating from a nine-day high, as market sentiment was weighed by ongoing violence in the MENA region, lingering fears over Japan's nuclear crisis as well as concerns over the euro zone's sovereign debt crisis. USD/CHF consolidated at 0.9184 during European morning trade, shedding 0.17%; the pair earlier rose to 0.9233, the highest since March 15.  The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IN FOCUS: Active Bear ETF (HDGE) Posted: 28 Mar 2011 04:00 AM PDT Launch Date: January 26, 2011 Links: Website, Factsheet, Prospectus Investment Strategy: HDGE is an actively-managed ETF that looks for capital appreciation through shorting domestic US equities, making it a short-only fund. The fund is sub-advised by Ranger Alternative Management which utilizes a bottoms-up, fundamental, research driven security selection process. The managers rely on forensic accounting to look for companies that have low earnings quality or use aggressive accounting intended … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Hits Six-day High On Upbeat U.S. Economic Outlook Posted: 28 Mar 2011 03:48 AM PDT Forex Pros – The U.S. dollar was up for a third day against the yen on Monday, climbing to a six-day high as investors continued to monitor the country's nuclear crisis and amid indications the U.S. economic recovery was gathering pace. USD/JPY hit 81.84 during European morning trade, the pair's highest since March 18; the pair subsequently consolidated at 81.73, climbing 0.47%. The pair was likely to find support at 80.86, Friday's low and resistance at 82.04, the high of March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Fluctuate, Porsche Slumps; DAX Down 0.35% Posted: 28 Mar 2011 03:17 AM PDT Forex Pros – European stock markets fluctuated between gains and losses on Monday, as investors continued to monitor soaring radiation levels in Japan as well as ongoing violence in the MENA region, while U.S. futures indexes pointed to a mixed open on Wall Street. During European morning trade, the EURO STOXX 50 dipped 0.1%, France's CAC 40 shed 0.12%, while Germany’s DAX 30 slipped 0.35%. Shares in German automaker Porsche slumped 3.5% after the group confirmed its board had agreed to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tullow Oil Reports Hydrocarbon Discovery In Teak-2 Exploration Well Offshore Ghana Posted: 27 Mar 2011 11:46 PM PDT Tullow Oil (LON:TLW) , the FTSE 100 oil and gas group, reported this morning that its Teak-2 exploration well in the West Cape Three Points licence offshore Ghana had discovered 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs. The discovery comes on the back of a multi-well exploration programme being undertaken by Tullow and its partners on the licence this year. In February the company said that the first well in the programme, Teak-1, had discovered approximately 73 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Investor Sentiment: Not Compelling Posted: 27 Mar 2011 11:09 AM PDT Although equities were up nicely week over week, investors are not in a mood to chase prices higher.  Investor sentiment is neutral, and to me, this suggests that there is nothing very compelling regarding the current market environment.    The “Dumb Money” indicator (see figure 1) looks for extremes in the data from 4 different groups of investors who historically have been wrong on the market: 1) Investors Intelligence; 2) Market Vane; 3) American Association of Individual … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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