DailyMarkets.com - Eastman Chemical Boosts Outlook

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• Eastman Chemical Boosts Outlook
• GBP/USD Retains Bullish Momentum After Throwback
• EUR/USD Forms Positive Reversal; Swing Projection Targets 1.3890
• FX Headlines: Euro-Zone Producer Prices Rises Most Since September 2008
• Forex – Dollar Broadly Lower Vs. Rivals As Inflation Data Boosts Euro
• Forex – EUR/JPY Climbs After Euro Zone Producer Prices Surge
• Forex – GBP/USD Nears 13-month High, Boosted By Construction PMI
• Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts!
• All That Glitters….
• Forex – EUR/USD Extends Gains As Euro Zone PPI Surges
• Forex – USD/CHF Nears Record Low As Rising Oil Dents Sentiment
• Euro Stocks Plunge As Oil Prices Weigh; DAX Drops 1.3%
• Euro Zone PPI Rises More-than-expected In January
• Forex Trading: Eurozone PPI
• Fed Digging In Its Heels: Employment And Inflation
• U.K. Construction PMI Jumps To 8-month High In February
• Forex – Dollar Mixed Vs. Rivals As Mideast Tensions Push Oil Higher
• Forex – GBP/USD Trims Losses As Oil Prices Turn Higher
• Forex – USD/JPY Gains Capped By Rebounding Oil Prices
• Forex – AUD/USD Hits 4-day Low As Growth Outlook Weighs
• Forex – NZD/USD Tumbles To 10-week Low After Key Rate Cut Remarks
• Bank Of Canada Holds Rate At 1.00%
• Asia Stocks Tumble As Oil Climbs Past USD100; Nikkei Drops 2.43%
• Forex – EUR/USD Slips On Bernanke Outlook, Manufacturing Data
• Bear Of The Day: Universal Forest Products (UFPI)
• Growth & Income Stock: Herbalife Ltd.
• Aggressive Growth Stock: Johnson Outdoors
• Momentum Stock: Syngenta AG
• Bull Of The Day: Whole Foods Market (WFMI)
• Forex – EUR/USD Down During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Down In Asian Trading Hours
• US Stock Market Trending Near The Bottom Of The Trading Range: Will The QE2 Rally Hold?
• Forex – USD/CHF Down During Asian Trade
• Intermediate Term High For Stocks
• Forex – EUR/GBP Up During The Asian Session
• If Free Trade = Technological Progress, Then Restrictions On Trade = Restrictions On Technology
• AUD/NZD Should Be Exhausted By Now
• Forex – USD/JPY Up During Asian Trade
• Intrade Contracts Predicted 11 Out 12 Oscars In 2010-11
• Surreality Vs. Reality?
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Down During Asian Trade
• Singapore Stock Market Update For Wednesday 02 March
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Up During Asian Trade
• Forex – AUD/USD Down On Economic Data
• Stock Market Summary For Tuesday, March 1, 2011

Eastman Chemical Boosts Outlook Posted: 02 Mar 2011 05:25 AM PST Eastman Chemical Company (NYSE:EMN) estimates its first-quarter 2011 profit to reach $2.00 per share and fiscal 2011 profit to reach $8.00 per share, based on stronger demand for its coatings, adhesives and plastics. Earlier the company had forecasted first-quarter profit in the range of $1.75 to $1.85 per share. Eastman Chemical also expects to boost its annual earnings growth rate to more than 10% between 2010 and 2013, and earn nearly $10 per share by 2013. However, the company believes its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Retains Bullish Momentum After Throwback Posted: 02 Mar 2011 05:16 AM PST A Look at the Sterling in March (3/1 Video) GBP/USD - After breaking above 1.63, the cable was in a throwback. - This decline came near 38.2% retracement level of the rally from the 1.6030 low before bouncing back to 1.63. - The 1H chart shows the RSI remaining above 40, after tagging 70, which is a bullish signal especially now that the RSI is back above 60. A rally above 70 in the 1H RSI should confirm a break above the 1.6325 high. - The 4H chart has already shown the market retaining the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Forms Positive Reversal; Swing Projection Targets 1.3890 Posted: 02 Mar 2011 04:52 AM PST EUR/USD Sets Intra-day Range Between 1.3860 and 1.3780 (3/1) EUR/USD - EUR/USD was supported near 1.3740 after breaking below 1.3780.  The market was not able to reach the previous low at 1.3715. - However the RSI low did slide below the previous. This is called a positive reversal signal. - The signal suggests a swing projection, which targets 1.3890. - The 1H chart below show the market still with bullish bias in the RSI, as it has tagged 70, but failed to tag 30. The market action … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro-Zone Producer Prices Rises Most Since September 2008 Posted: 02 Mar 2011 04:45 AM PST          Fundamental Headlines • Gadhafi Forces Retake Plant as Lines Harden – Wall Street Journal •Futures Rise, but Oil Prices Worry – Wall Street Journal •Libyan Rebels "Repel" Counterattacks – Financial Times •Qaddafi Counterattacks In Rebel-Held East Libya After Rebuke– Bloomberg •Bernanke Signals No Rush to Tighten When Asset-Buying Ends – Bloomberg EURUSD: Producer prices in the 17 member euro area rose an annualized 6.1 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Vs. Rivals As Inflation Data Boosts Euro Posted: 02 Mar 2011 04:42 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, while data showing an unexpectedly strong surge in euro zone producer prices boosted the single currency. During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.29% to hit 1.3817. Earlier in the day, official data showed that producer price inflation in the euro zone accelerated at the fastest pace in 29 years in January. The greenback was also down against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Climbs After Euro Zone Producer Prices Surge Posted: 02 Mar 2011 04:04 AM PST Forex Pros – The euro climbed against the yen on Wednesday, rising to a daily high after a report showing that euro zone producer prices rose at the fastest pace in 29 years in January. EUR/JPY hit 113.40 during European early afternoon trade, the daily high; the pair subsequently consolidated at 113.28, gaining 0.46%. The pair was likely to find support at 112.21, the low of February 25 and resistance at 113.72, Monday's high. Earlier in the day, Eurostat said industrial producer prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Nears 13-month High, Boosted By Construction PMI Posted: 02 Mar 2011 03:49 AM PST Forex Pros – The pound rose against the U.S. dollar on Wednesday, trading close to a 13-month high after a better-than-expected construction PMI added to the view that the U.K. economy is rebounding. GBP/USD hit 1.6318 during European late morning trade; the daily high; the pair subsequently consolidated at 1.6311, gaining 0.27%. Cable was likely to find support at 1.6070, Monday's low and resistance at 1.6329, Tuesday's high and a 13-month high. The Markit/CIPS Purchasing Managers’ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! Posted: 02 Mar 2011 03:35 AM PST Despite what Federal Reserve Chairman Ben Bernanke says, rampant inflation is officially here.  The federal government is constantly monkeying with the numbers to keep the “official” rate of inflation below 2 percent, but it is becoming very difficult to deny that the cost of almost everything is really going up these days.  The American people are not stupid.  They notice the difference when they go to the grocery store or stop at the gas station.  The dollar is losing value rapidly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

All That Glitters…. Posted: 02 Mar 2011 03:25 AM PST First off I am going to address one of the few open recommendations I put up in my last post. This trade has so far panned out to plan.  After a final surge and throwover the upper trendline to complete the entire pattern from $17.90 / share, the stock is entering a large corrective stage that should play out over several more weeks and possibly months. Initial target is the gap-fill at $183.00, where a close-out of 50% of the trade would be wise to lock in some profits.  Stops can … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Gains As Euro Zone PPI Surges Posted: 02 Mar 2011 03:05 AM PST Forex Pros – The euro extended gains against the U.S. dollar on Wednesday, after official data showed that euro zone producer prices rose at the fastest pace in 29 years in January, underlining expectations for a near-term rate hike by the European Central Bank. EUR/USD hit 1.3838 during European morning trade, the daily high; the pair subsequently consolidated at 1.3830, gaining 0.38%. The pair was likely to find support at 1.3646, the low of February 23 and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Nears Record Low As Rising Oil Dents Sentiment Posted: 02 Mar 2011 02:40 AM PST Forex Pros – The U.S. dollar re-approached its all-time low against the safe haven Swiss franc on Wednesday, amid concerns that a rebound in oil prices, fuelled by ongoing unrest in the Middle East, would derail the global economic recovery. USD/CHF hit 0.9258 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9260, shedding 0.29%. The pair was likely to find support at 0.9227, Friday's low and the pair's all-time low and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Stocks Plunge As Oil Prices Weigh; DAX Drops 1.3% Posted: 02 Mar 2011 02:08 AM PST Forex Pros – European stock markets were down sharply on Wednesday, as violence in the Middle East continued and oil prices spiked above USD100, while U.S. futures indexes pointed to a lower open on Wall Street. During European morning trade, the EURO STOXX 50 tumbled 1.4%, France's CAC 40 slumped 1.1%, while Germany’s DAX plunged 1.3%. U.S. crude oil prices spiked past USD100 a barrel, while Brent oil surged above USD116, prompting concerns over the inflationary impact of the global … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone PPI Rises More-than-expected In January Posted: 02 Mar 2011 02:07 AM PST Forex Pros – Producer price inflation in the euro zone rose more-than-expected in January, official data showed on Wednesday. In a report, Eurostat said that its producer price index rose by 1.5% in January, after rising by 0.8% in December. Analysts had expected the producer price index to increase by 1.0% in January. According to the data, the producer price index rose at an annualized rate of 6.1% in January, after advancing by 5.2% in December. Analysts expected year-on-year PPI to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone PPI Posted: 02 Mar 2011 02:02 AM PST Eurozone PPI m/m came in at 1.5%, stronger than the 1.1% expected. Eur/Usd has been rebounding from earlier losses and this news has pushed the pair to 1.3797, a new session … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fed Digging In Its Heels: Employment And Inflation Posted: 02 Mar 2011 02:01 AM PST The U.S. February PMI index (61.4) continues showing strong economic growth in in February. New orders, employment, and prices paid are all up in February. This is not a surprise. So far, every regional economic activity indicator has shown significant increases in February. The Chicago Purchasing Managers Index for February exceeded expectations with its highest headline reading since 1987. The New York Fed Empire State Manufacturing Survey for February rose to 15.43 from 11.92 in January. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Construction PMI Jumps To 8-month High In February Posted: 02 Mar 2011 01:39 AM PST Forex Pros – Britain’s construction sector activity rose unexpectedly in February, jumping to the highest level since June 2010, industry data showed on Wednesday. In a report, market research firm Markit and the Chartered Institute of Purchasing & Supply said that their U.K. construction purchasing managers’ index rose to a seasonally adjusted 56.5 in February, up from 53.7 in January. Economists had expected the index to decline to 53.1 in February. On the index, a level above 50.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As Mideast Tensions Push Oil Higher Posted: 02 Mar 2011 01:27 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as fresh concerns over a disruption to global oil supplies pushed prices higher and weighed on the greenback. During European morning trade, the greenback dipped against the euro, with EUR/USD easing up 0.05% to hit 1.3783. But the greenback was slightly higher against the pound, with GBP/USD slipping 0.06% to hit 1.6256. Elsewhere, the greenback eased up against the yen but slid versus the Swiss franc, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Losses As Oil Prices Turn Higher Posted: 02 Mar 2011 01:10 AM PST Forex Pros – The pound trimmed losses against the U.S. dollar on Wednesday, pulling back from a two day low, as oil prices rebounded amid renewed concerns that escalating tension in Libya would disrupt supplies. GBP/USD clawed back up from 1.6216, the pair's lowest since Monday, to hit 1.6253 during European morning trade, dipping 0.07%. Cable was likely to find support at 1.6070, Monday's low and resistance at 1.6329, Monday's high and a 13-month high. Crude futures for delivery in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Gains Capped By Rebounding Oil Prices Posted: 02 Mar 2011 12:47 AM PST Forex Pros – The U.S. dollar edged higher against the yen on Wednesday, supported by cautiously optimistic remarks on the U.S. economic outlook by Federal Reserve Chairman Ben Bernanke but gains were capped as oil prices rebounded. USD/JPY hit 82.11 during early European trade, the daily high; the pair subsequently consolidated at 81.93, easing up 0.08%. The pair was likely to find support at 81.72, Tuesday's low and short-term resistance at 82.22, Tuesday's high. On Tuesday, Fed Chair … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits 4-day Low As Growth Outlook Weighs Posted: 02 Mar 2011 12:20 AM PST Forex Pros – The Australian dollar fell to a four-day low against its U.S. counterpart on Wednesday, after data showed that while Australia's economic growth accelerated in the fourth quarter, concerns about the impact of massive floods in the nations north-east remained. AUD/USD hit 1.0086 during late Asian trade, the pair's lowest since February 24; the pair subsequently consolidated at 1.0099, shedding 0.32%. The pair was likely to find support at 1.0000, the low of February 24 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Tumbles To 10-week Low After Key Rate Cut Remarks Posted: 01 Mar 2011 11:47 PM PST Forex Pros – The New Zealand dollar tumbled to a 10-week low against its U.S. counterpart on Wednesday, after Prime Minister John Key said he expected the central bank to cut interest rates next week after the devastating earthquake in Christchurch. NZD/USD hit 0.7384 during late Asian trade, the pair's lowest since December 20; the pair subsequently consolidated at 0.7403, tumbling 0.90%. The pair was likely to find support at 0.7345, the low of December 20 and resistance at 0.7480, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Of Canada Holds Rate At 1.00% Posted: 01 Mar 2011 11:46 PM PST The Bank of Canada held its benchmark interest rate unchanged at 1.00%, continuing its pause in monetary policy normalization. The Bank also continued to note that “any further reduction in monetary policy stimulus would need to be carefully considered,” and commented on the heightened level of global risks. Canada recorded year on year inflation of 2.3% in January this year, compared to 2.4% in December 2010, and a 2.0% inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Tumble As Oil Climbs Past USD100; Nikkei Drops 2.43% Posted: 01 Mar 2011 11:39 PM PST Forex Pros – Asian stock markets were broadly lower on Wednesday, as concerns over spreading violence in North Africa and the Middle East drove oil prices above USD100 a barrel.  During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.82%, South Korea’s Kospi Composite slumped 0.57%, while Japan's Nikkei 225 Index plunged 2.43%. U.S. crude oil prices spiked past USD100 a barrel, while Brent oil surged above USD115, prompting concerns that the economic recoveries in the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Slips On Bernanke Outlook, Manufacturing Data Posted: 01 Mar 2011 11:27 PM PST Forex Pros – The euro slipped to a two-day low against the U.S. dollar on Wednesday, after Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the U.S. economic outlook and after robust U.S. manufacturing data. EUR/USD hit 1.3744 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.3756, sliding 0.14%. The pair was likely to find support at 1.3646, the low of February 23 and resistance at 1.3853, Tuesday's high. Bernanke told … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Universal Forest Products (UFPI) Posted: 01 Mar 2011 11:06 PM PST Universal Forest Products Inc. (NASDAQ:UFPI) reported quite disappointing results in fourth quarter 2010 with EPS falling 14 cents below the Zacks Consensus. The company’s healthy top-line growth was offset by higher cost of sales due to volatile lumber prices in the quarter. In addition, Universal’s precarious dependence on general market conditions and growth in end-markets increases top-line risks in the event of any adverse conditions. Also, significant volatility in the cost of commodity lumber … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Herbalife Ltd. Posted: 01 Mar 2011 11:06 PM PST Herbalife Limited (NYSE:HLF) recently reported a 17% positive earnings surprise driven by strong sales growth across each market. Earnings estimates have been soaring for this Zacks #2 Rank (Buy) stock. Valuation is attractive, too, with shares sporting a PEG ratio of 1.08. Herbalife also pays a dividend that yields 1.3%. Strong Sales Volume Drives Earnings Beat Herbalife saw excellent sales growth in the fourth quarter. Net sales were up 19% year-over-year driven by a 16.1% increase in sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Johnson Outdoors Posted: 01 Mar 2011 11:06 PM PST Johnson Outdoors (NASDAQ:JOUT) had first-quarter results that were well ahead of expectations and sent estimates higher. But, shares have been slow to react, leaving JOUT with great valuations to go along with impressive growth rates. Currently Johnson Outdoors is a Zacks #1 Rank (Strong Buy) and should make a solid long-term investment. Company Description Johnson Outdoors is an outdoor recreation company. The company has 4 segments, Watercraft, Marine Electronics, Diving and Outdoor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Syngenta AG Posted: 01 Mar 2011 11:06 PM PST Syngenta AG (NYSE:SYT) just spiked to a new 52-week high as elevated grain prices drive demand for agricultural resources. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock offers plenty of upward momentum. Company Description Syngenta AG operates as an agribusiness, primarily engaged in developing and selling seeds and crop protection nutrients. The company was founded in 1999 and has a market cap of $31 billion. We got an update on Syngenta’s business on Feb 9 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Whole Foods Market (WFMI) Posted: 01 Mar 2011 11:06 PM PST Whole Foods Market (NASDAQ:WFMI) with a strong brand image offers investors one of the strongest growth profiles in the industry, and the stock is poised to surge as the demand for natural and organic products improves. The company is also revamping its pricing strategy and concentrating more on value offerings while maintaining healthy margins. The stringent cost-control measures, effective inventory management and improved store-level performance are driving earnings growth. The company, in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 01 Mar 2011 10:20 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3759, down 0.13% at time of writing. The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3855, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8476 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down In Asian Trade Posted: 01 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 1.6222, down 0.28% at time of writing. The pair was likely to find support at 1.6032, Friday's low, and resistance at 1.6329, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8478 and GBP/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down In Asian Trading Hours Posted: 01 Mar 2011 09:20 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Wednesday. EUR/CHF was trading at 1.2761, down 0.24% at time of writing. The pair was likely to find support at 1.2727, Monday's low, and resistance at 1.2894, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.3752 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Stock Market Trending Near The Bottom Of The Trading Range: Will The QE2 Rally Hold? Posted: 01 Mar 2011 08:59 PM PST The past week, the bears have had a few productive days giving concern to the bulls.  Today (Tuesday) was another one of them.  The trend for a while was a strong gap-up on the first day of the month, which we saw today, but within minutes it quickly reversed and the bears took control the rest of the day.  Is this time to panic or are we still safe? Fortunately, we are still within the trading range by the skin of our teeth in the S&P 500 (SPX).  The uptrend is still intact and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 01 Mar 2011 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday. USD/CHF was trading at 0.9282, down 0.05% at time of writing. The pair was likely to find support at 0.9241, Friday's low, and resistance at 0.9322, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.3756 and USD/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intermediate Term High For Stocks Posted: 01 Mar 2011 08:43 PM PST The fear of a disruptive pan-Arabic revolution appears to have triggered a correction in world equities markets. Today's high marked the B wave of an ABC corrective pattern and C down is now underway. My take at this time is that the downward correction is not yet over and a better buying opportunity lies ahead. While there is some risk of a resumption of the bear market it does not appear to be high at this time. Analysis suggests that we are in a relatively minor correction within … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 01 Mar 2011 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Wednesday. EUR/GBP was trading at 0.8472, up 0.02% at time of writing. The pair was likely to find support at 0.8461, Tuesday's low, and resistance at 0.8593, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.3757 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

If Free Trade = Technological Progress, Then Restrictions On Trade = Restrictions On Technology Posted: 01 Mar 2011 08:02 PM PST From Greg Mankiw’s textbook: “Trade is, in some ways, a form of technology. When a country exports wheat and imports textiles, it is as if it had invented a form of technology for turning wheat into textiles. A country that eliminates trade restrictions will, therefore, experience the same kind of economic growth that would occur after a major technological advance.” With that understanding that free trade = technological progress, here’s some editing of Ian Fletcher’s latest anti-trade … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Should Be Exhausted By Now Posted: 01 Mar 2011 07:53 PM PST AUD/NZD Tests 1.35; Swing Projection Targets 1.3640 (2/25) AUD/NZD - The AUD/NZD was projected to the 1.3640 level a while back now, and the rally has been materializing and we are now finally at the 1.3640. Actually, we reached past this target, and the market made an intra-day high near 1.3671. - The daily and weekly charts shows the swing projection that materialized after a positive reversal signal spotted in weekly. - The market is testing a rising channel resistance, and the momentum … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade Posted: 01 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 81.91, up 0.07% at time of writing. The pair was likely to find support at 81.62, Monday's low, and resistance at 82.23, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.13% to hit 1.3758 and GBP/USD falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intrade Contracts Predicted 11 Out 12 Oscars In 2010-11 Posted: 01 Mar 2011 07:17 PM PST For the last two years, I’ve reported the Intrade odds for the leading contracts to win the top six Academy Awards (2011), as of the day of the awards, and here is a summary the odds and results: Best Picture: 2009: Hurt Locker (53%) YES2010: The Kings Speech (79.7%) YES Best Actor: 2009: Jeff Bridges (92%) YES2010: Colin Firth (94.1%) YES Best Actress:2009: Sandra Bullock (68%) YES 2010: Natalie Portman (89.9%) YES Best Support Actor: 2009: Christoph Waltz (93.5%) YES2010: Christian Bale … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Surreality Vs. Reality? Posted: 01 Mar 2011 07:12 PM PST An article at Yahoo! Finance Tech Ticker, “Elizabeth Warren: ‘Problems Lurking’ in Same Banks Tim Geithner Says Are ‘Much Stronger,’” reveals some interesting differences of opinion about what some might consider to be the backbone of our economy: First up, we have this: Three years ago this month, the first major financial domino fell as Bear Stearns was forced to accept a “take-under” offer from JP Morgan. We’ve come a long way from the dark days of 2008 and “the core of the American … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In Asian Trading Hours Posted: 01 Mar 2011 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday. USD/CAD was trading at 0.9756, up 0.11% at time of writing. The pair was likely to find support at 0.9684, Tuesday's low, and resistance at 0.9828, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.19% to hit 1.3751 and GBP/USD falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 01 Mar 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on GDP. AUD/USD was trading at 1.0109, down 0.24% at time of writing. The pair was likely to find support at 1.0091, Friday's low, and resistance at 1.0202, Tuesday's high. Earlier in the day, official data showed that Australia's gross domestic product rose more-than-expected to a seasonally adjusted 0.70% in the last quarter from 0.20% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Wednesday 02 March Posted: 01 Mar 2011 06:24 PM PST Morning Highlights There Are No Quick Picks For Today! Singapore market fell in opening trades after a dip on Wall Street. STI down 26.68 points to open at 3040.92. SingTel yesterday announced that it will continue to be the title sponsor for September’s F1 race for two more years in 2011 and 2012. Watch out for Japan Monetary Base (YoY) and Australia GDP (YoY) News Updates: South Korea Feb input price PMI at 2-year high. Oil for April delivery rallied 2.7% to settle at $99.63 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 01 Mar 2011 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3773, down 0.03% at time of writing. The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3855, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8476 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During Asian Trade Posted: 01 Mar 2011 05:35 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Wednesday. EUR/JPY was trading at 112.90, up 0.12% at time of writing. The pair was likely to find support at 111.97, Monday's low, and resistance at 113.73, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.01% to hit 1.3776 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down On Economic Data Posted: 01 Mar 2011 04:45 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on GDP. AUD/USD was trading at 1.0128, down 0.05% at time of writing. The pair was likely to find support at 1.0091, Friday's low, and resistance at 1.0202, Tuesday's high. Earlier in the day, official data showed that Australia's gross domestic product rose more-than-expected to a seasonally adjusted 0.70% in the last quarter from 0.20% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, March 1, 2011 Posted: 01 Mar 2011 04:23 PM PST Today’s session saw a selloff in stocks of at least 1.4% in the major indexes.  The DJIA, S&P 500, and Nasdaq Composite closed near their session lows.  Investor participation confirmed the selling and market breadth turned negative.  As a result, we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  The three indexes all closed below their respective 21-day moving averages.  In addition, the Nasdaq Composite … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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