Tuesday, March 22, 2011

DailyMarkets.com - Life To Advance Clinical Trials

DailyMarkets.com - Life To Advance Clinical Trials

Life To Advance Clinical Trials

Posted: 22 Mar 2011 12:10 PM PDT

Recently, Life Technologies (LIFE), a global biotechnology tool company, announced the initiation of clinical trials to find out the effectiveness of its DNA sequence-based typing (SBT) platform while analyzing the Human Leukocyte Antigen (HLA) system. Subsequent to the successful completion of these trials, the company expects to submit for 510(k) clearance of the SBT platform.
The HLA typing being one of the main determinants for individuals diagnosed with leukemia and other blood cancers, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Soaring Food Prices: Worst Yet To Come

Posted: 22 Mar 2011 12:10 PM PDT

Over the past few months, consumers in America are witnessing higher prices for their daily food items. The concern is that this inflationary situation may only get worse in the days to come.
The Department of Labor Statistics stated that the producer price index soared by 1.6% in February 2011, following a 0.8% increase in January this year. However, economists expected the producer price index to grow marginally by 0.7 %.
The Producer Price Index (PPI) measures average changes in prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Sees $13 Billion Opportunity

Posted: 22 Mar 2011 12:10 PM PDT

International Business Machines Corp. (NYSE:IBM) has teamed up with Cable and Wireless Worldwide to bid for the next generation cloud-based data and communication solution, UK Smart Energy Cloud, which supports the Smart Meter Implementation Programme in the United Kingdom.
The purpose of the Smart Meter Implementation Programme is to deliver 50 million smart energy meters in British homes by 2020, including design requirements, central communications and data management. The programme is expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Highwoods Extends Umicore Lease

Posted: 22 Mar 2011 12:05 PM PDT

Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), has recently renewed its lease agreement with Umicore Group – a global materials technology firm. The company has leased 15,200 square feet of space in its Glenwood Avenue building in Raleigh to the Belgium-based technology group to facilitate its huge expansion program. With the lease, Umicore would relocate its existing employees from the Magnolia Building in the Highwoods office park, also in Raleigh, to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Production Halt At Honda Extended

Posted: 22 Mar 2011 12:05 PM PDT

Honda Motor Co. (NYSE:HMC) revealed that it plans to extend its production suspension in Japan to March 27 from March 23 due to difficulties in securing parts from suppliers on the back of earthquake and tsunami on March 11 that killed about 10,000 people and damaged infrastructure.
Soon after the earthquake, Honda ceased production at six plants in Japan. This apart, the company shuttered a research and development center in Tochigi on the death of one of its employees. Last week, the automaker … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tata Motors’ Cars Get Expensive

Posted: 22 Mar 2011 12:05 PM PDT

Tata Motors Ltd (NYSE:TTM), one of the largest automobile companies of India, has announced the increase in prices of some of its passenger and utility vehicles, effective from the first day of April, 2011. The decision to raise prices of vehicles comes on the back of an unavoidable surge in input costs and a hike in interest rates, despite the cost control measures by the company.
According to the company, the price increase in passenger cars, depending upon the model, will vary between INR 7,000 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Walgreen Reports In Line Quarter

Posted: 22 Mar 2011 11:25 AM PDT

Walgreen (NYSE:WAG) reported an EPS of 80 cents in the second quarter of fiscal 2011, meeting the Zacks Consensus Estimate and higher than the year-ago quarter's 68 cents. However, results for the quarter included a penny each for both restructuring cost and integration costs associated with the Duane Reade acquisition. The second quarter in fiscal 2010 included 2 cents per share towards restructuring costs.
The company reported $18.5 billion of total sales for the second quarter, up 8.9% from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Secondary Offering From AGNC

Posted: 22 Mar 2011 11:25 AM PDT

American Capital Agency Corp. (NASDAQ:AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced a secondary offering of 28 million common shares totaling $780 million of gross proceeds. The company will also grant the underwriters a 30-days option to purchase an additional 4.2 million shares to cover any over-allotments.
BofA Merrill Lynch – the investment banking and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In U.S. Trade

Posted: 22 Mar 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.

AUD/USD was trading at 1.0111, up 0.47% at time of writing.

The pair was likely to find support at 0.9755, Wednesday's low, and resistance at 1.0128, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.58% to hit 1.4056 and AUD/JPY rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Extends Appliance Tax Credit

Posted: 22 Mar 2011 11:05 AM PDT

The extension of the tax credit for energy-efficient appliances through 2012 is expected to bring considerable benefits to the appliance-makers such as Whirlpool Corp. (NYSE:WHR) and General Electric Co. (NYSE:GE). The tax credit, as declared by the Obama Administration, is projected to cost the government approximately $235 million, almost thrice the $78 million estimated cost through 2011.
The credit facility, introduced in 2005, was aimed at providing a fixed tax concession to companies that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Bidders For AIG’s MBS

Posted: 22 Mar 2011 11:05 AM PDT

On Sunday, the Wall Street Journal reported that American International Group Inc. (NYSE:AIG) anticipates more counter-offers for the purchase of its $15.7 billion outstanding residential mortgage-backed securities (RMBS) on Maiden II, which is a special-purpose investment vehicle that the company had used during the peak of its financial crisis.
Earlier this month, AIG had offered to repurchase about 800 RMBS for about 50 cents on the dollar. The company is expected to use the cash generated by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fortune Brands Buys Skinnygirl

Posted: 22 Mar 2011 11:05 AM PDT

Beam Global Spirits & Wine, a unit of Fortune Brands Inc. (NYSE:FO), adds one more drink to its portfolio of spirits by acquiring the brand Skinnygirl on undisclosed terms. Skinnygirl is best known for its signature Skinnygirl Margarita, which is a low-calorie bottled cocktail. Its 100-calorie per four-ounce serving is much lower than any other margarita-style drinks.
With an annual shipment of more than 100,000 nine-liter cases, Skinnygirl was jointly launched by Bethenny Frankel and David … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.52%

Posted: 22 Mar 2011 10:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Tuesday.

At the close of European trade, Germany's DAX fell 0.52%, London's FTSE 100 shed 0.40%, France's CAC 40 declined 0.21% and the EURO STOXX 50 was down 0.19%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.04%; the S&P 500 index shed 0.25%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Market…fueled By QE2 And Technical Trading”

Posted: 22 Mar 2011 10:40 AM PDT

03/22/11 DME Securities’ Alan Valdes weighs in on today’s pullback in US stocks, and discusses the upcoming … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Quick Look At The Current Intraday TICK Compression

Posted: 22 Mar 2011 10:37 AM PDT

As of this moment, the NYSE intraday TICK is deeply compressing relative to the prior sessions, and to historical norms.
Why is this important?  Compression highlights "no activity" and "little opportunity" in the intraday market on the one hand, and on the other, it suggests that an expansionary move – a sharp rise in volatility – is likely to follow tight compression periods (similar to the "NR-7″ concept).
Let's take a look at the current multi-day TICK Index to see … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tsunami Effect On US Luxury Market

Posted: 22 Mar 2011 10:35 AM PDT

On March 11, 2011, Japan, the world’s third-largest economy, was traumatized by a 9.0 earthquake that hit the country resulting in a tsunami of disastrous proportion. The calamity has hit hard the mature global markets on a day-to-day basis.
Japan is considered to be the second largest consumer market in the world for luxury goods. Consequently, the devastation and the nuclear threat will adversely impact the luxury goods market worldwide. In an equation of high end luxury consumers flourishing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Launches EcoShare

Posted: 22 Mar 2011 10:35 AM PDT

Energy generation company NRG Energy Inc. (NYSE:NRG) announced that its subsidiary Reliant Energy is working toward a cost effective way of lowering green house gas emission by introducing the Reliant EcoShareSM program.
The Reliant EcoShareSM program involves the purchase of carbon offsets as well as support to EarthShare of Texas. EarthShare of Texas is a non-profit foundation that provides funds to different local and state-wide environmental organizations.
The carbon offset purchased by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Bearish Play In Industrial SPDR ETF Put Options

Posted: 22 Mar 2011 10:23 AM PDT

Big bearish play in Industrial SPDR ETF put options
Today’s tickers: XLI, PKX, JAG & GKK
Industrial Select Sector SPDR Fund (XLI) – A massive put spread on the XLI, an exchange-traded fund that tracks the performance of the Industrial Select Sector of the S&P 500 Index, appears to be the work of a bearish strategist positioning for the price of the underlying fund to pull back. Shares in the ETF are currently down 0.65% to stand at $36.52 as of 11:25pm in New York. The large-volume … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sector Rotation Perspective Update For March 22

Posted: 22 Mar 2011 10:09 AM PDT

I've been keeping a close eye on the Sector Rotation model and its bullish signals from the September 2010 market low (the onset of QE2 Rumors) and the model has held-up well.
Let's take a look at two perspectives of recent Sector Performance – one from the February 2011 top and the other – surprise – from the August/September 2010 "QE2″ bottom.
First, the recent sector behavior from the February 2011 market top:

What we're seeing is the typical performance according to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RTN To Provide Internet Solutions

Posted: 22 Mar 2011 10:05 AM PDT

Raytheon BBN Technologies, a wholly owned subsidiary of Raytheon Company (NYSE:RTN), has received a $1.9 million contract in defense research funding from the Defense Advanced Research Projects Agency.
Under the contract Raytheon will develop safeguards for military Internet communications abroad. The contract would support the Safer Warfighter Communications program that targets developing technology overseas enabling protected, resilient Internet communications for warfighters.
BBN Technologies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novartis’ Gilenya Approved In EU

Posted: 22 Mar 2011 09:55 AM PDT

Novartis AG (NYSE:NVS)  received a boost recently when its oral multiple sclerosis drug, Gilenya, was approved in the European Union (EU). The drug is already marketed in the US. The drug was approved by the European Commission for the treatment of patients with highly active relapsing-remitting multiple sclerosis (RRMS) despite treatment with beta interferon, or in patients with rapidly evolving severe RRMS. Gilenya is the first oral multiple sclerosis drug to be cleared in the EU.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shutterfly Bigger With Tiny Prints

Posted: 22 Mar 2011 09:35 AM PDT

Shutterfly Inc. (NASDAQ:SFLY) inked a deal to acquire Sunnyvale, California-based Tiny Prints Inc. for $333 million. Tiny Prints is a privately -held company that operates tinyprints.com and weddingpaperdivas.com, two fast growing e-commerce brands. The acquisition will enable Shutterfly to step up its core cards and stationeries business.
Tiny Prints is a rapidly growing company and operates a vertical  similar to that of Shutterfly, which makes the acquisition a strategic fit. Shutterfly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chevron To Expand Wheatstone Stake

Posted: 22 Mar 2011 09:35 AM PDT

Global integrated energy company Chevron Corp. (CVX) intends to boost its interest in the first stage of the proposed Australia based Wheatstone liquefied natural gas (LNG) project to 80% from 75%. Correspondingly, the stake of the other partners, Apache Corp. (APA) and Kuwait Foreign Petroleum Exploration Co. will be cut to 13% (from 16.2%) and 7% (from 8.8%), respectively.
Wheatstone, located about 124 miles north of Onslow, off Western Australia's Pilbara coast, is one of Australia's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Vs. Rivals, Pound Rallies, Euro Slips

Posted: 22 Mar 2011 09:08 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major rivals on Tuesday, as the pound rallied on the back of expectations for a near-term interest rate hike, while the euro slipped amid fresh concerns over euro zone sovereign debt.

During early U.S. trade, the greenback was slightly higher against the euro, with EUR/USD easing down 0.11% to hit 1.4209.

Earlier in the day, Portugal's main opposition party indicated that it would not support the minority government's call for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EpiCept Corp: Initiating Coverage With Outperform Rating

Posted: 22 Mar 2011 09:05 AM PDT

Grant Zeng, CFA
EpiCept Corp: Initiating Coverage With Outperform Rating

We are initiating coverage of EpiCept (EPCT) with an Outperform rating. Our price target is $2.50 per share. Our call is based on the strong fundamentals of the Company.

EpiCept is a specialty pharmaceutical company focused on the development and commercialization of pharmaceutical products for cancer treatment and pain management, two large markets with unmet medical needs. The Company's strategy is to focus its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP & Total Win Indonesian Blocks

Posted: 22 Mar 2011 09:05 AM PDT

BP plc (NYSE:BP) and Total S.A. (NYSE:TOT) were awarded coal bed methane (CBM) blocks in Kalimantan, as per the Indonesian energy ministry's director general for oil and gas, Evita Herawati Legowo.
The British oil major teamed up with local company, Transasia Resources, and was awarded three blocks in Central Kalimantan province, Kapuas I, II and III. The consortium has decided to spend $13.55 million for the first three years of exploration activities in the blocks.
Separately, the French energy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Paychex Inc.

Posted: 22 Mar 2011 09:05 AM PDT

Paychex Inc. (NASDAQ:PAYX) is scheduled to announce its third quarter fiscal 2011 results on March 24, and we do not see any major variation in analyst estimates at this point.
Second Quarter Overview
Paychex delivered modest second quarter 2011 results, with earnings of 37 cents per share beating the Zacks Consensus Estimate by two cents. The quarter's results indicated an improving client retention rate and selling operations.
Paychex's second quarter revenues increased 3.1% year over year to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Moves Above Trendline Resistance

Posted: 22 Mar 2011 09:01 AM PDT

The upper trendline comes in at 1.6376 now. Staying above this level keeps a bullish flag in focus for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Rallies As U.K. CPI Boosts Rate Hike Expectations

Posted: 22 Mar 2011 08:51 AM PDT

Forex Pros – The pound surged to a 14-month high against the U.S. dollar on Tuesday, after a U.K. government report showing that consumer prices hit a 28-month high in February bolstered expectations for a near-term rate hike by the Bank of England.

GBP/USD hit 1.6402 during early U.S. trade, the pair's highest since January 19, 2010; the pair subsequently consolidated at 1.6384, gaining 0.46%.

Cable was likely to find support at 1.6202, Monday's low and short-term resistance at 1.6514, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Consumer Retrenches, Does This Spell Trouble For Growth?

Posted: 22 Mar 2011 08:47 AM PDT

For a second month in a row, Canadian consumers cut back on spending as headline retail sales for January slid 0.3% to a seasonally adjusted C$37.1 billion.
That follows a decline of 0.2% in December. Both figures undershot expectations, and January's data surprisingly so. The consensus forecast had been for a 1.1% increase in retail sales.
If we take motor vehicles out of the equation, sales were flat for the month of January, after a 0.6% increase in December.
Therefore, where in December, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Slips On Concerns Over Irish, Portuguese Debt

Posted: 22 Mar 2011 08:39 AM PDT

Forex Pros – The euro eased off a four-and-a-half-month high against the U.S. dollar on Tuesday, as growing political uncertainty in Portugal and a sharp increase in the yield on Irish two-year bonds fanned fears over the regions sovereign debt crisis.

EUR/USD retreated from 1.4248, the pair's highest since November 4 to hit 1.4195 during early U.S. trade, slipping 0.21%.

The pair was likely to find support at 1.4138, Monday's low and short-term resistance at 1.4248, the day's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: GameStop

Posted: 22 Mar 2011 08:35 AM PDT

GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, is scheduled to report its fourth-quarter 2010 financial results on March 24, 2011. The current Zacks Consensus Estimate for the quarter is $1.56 per share. For the quarter under review, revenue is $3,710 million, according to the Zacks Consensus Estimate.
Third-Quarter 2010, a Synopsis
GameStop's third-quarter 2010 earnings of 38 cents a share came a penny ahead of the Zacks Consensus Estimate and rose 18.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Sprint In Trouble?

Posted: 22 Mar 2011 08:25 AM PDT

Yesterday, the share price of Sprint Nextel Corp. (NYSE:S) tumbled 13.61% to $4.36 at the last close in the wake of an announcement that AT&T Inc. (NYSE:T) will acquire Deutsche Telekom's unit, T-Mobile USA. This was the worst drop witnessed in last two years.
We believe the falling share price faded all positive reactions that Sprint received this year following improved performance and a turnaround in post-paid wireless business.
Sprint shares was rising in the last two weeks on rumors that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution

Posted: 22 Mar 2011 08:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Caution

Posted: 22 Mar 2011 08:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple Sues Amazon Over “App Store”

Posted: 22 Mar 2011 08:17 AM PDT

Apple Inc. (NASDAQ:AAPL) has filed a trademark infringement lawsuit against online retailer Amazon.com Inc. (NASDAQ:AMZN) in a federal court in the Northern district of California for using the phrase "App Store."
Apple has accused Amazon of using the words "App Store" since January 2011 for its mobile software download service, stating that Amazon violated the trademark law, potentially confusing developers and consumers. Apple also argued that Amazon has been promoting a program in the name of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Archer Enhances Capability

Posted: 22 Mar 2011 08:17 AM PDT

The wholly-owned subsidiary of Archer Daniels Midland Company’s (NYSE:ADM) ADM Agri-Industries announced that it is going to double its canola seed receiving capabilities and storage capacity at the company’s Lloydminster, Alberta, processing facility, in an effort to meet the growing demand for canola oil seeds and enhance its market share. The oilseeds processing facility in Lloydminster crushes canola oil seeds and exports primarily to Asian countries for food applications and to Europe for use … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Best Buy

Posted: 22 Mar 2011 08:17 AM PDT

Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, is slated to report its fourth-quarter 2011 financial results on March 24, 2011. The current Zacks Consensus Estimate for the quarter is $1.84 a share. For the quarter under review, revenue is $16,347.0 million, according to the Zacks Consensus Estimate.
Third-Quarter 2011, a Synopsis
Best Buy posted lower-than-expected third-quarter 2011 results. The quarterly earnings were 54 cents per share, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rogers Plans Share Repurchase

Posted: 22 Mar 2011 08:16 AM PDT

Canada-based Rogers Communications Inc. (NYSE:RCI) plans to repurchase 3.2 million class B (non-voting) shares. The shares planned to be purchased are currently trading at a discount totaling $101.56 million.
These class B shares will be acquired privately in an arrangement with a third party dealer. Ontario Securities Commission, which administers and enforces securities legislation in the Canadian province, has issued exemption orders relating to these purchases of shares. These … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/GBP Remains In Triangle; Correction Targets 0.8560 Below 0.8625

Posted: 22 Mar 2011 08:11 AM PDT

Some Setups in the Forex Markets (3/21 Video)
EUR/GBP

Short-term to Medium-term
- The EUR/GBP was seen testing an important resistance yesterday and today, we see the pause develop into more of a price correction. We are at a minor pivot at the 0.8650-0.8660 area. Note that this is also where the rising channel support is seen at.
- The RSI in the 4H chart is testing/cracking 40, and a break below suggests a loss of bullish momentum, while a break below 30 suggests bearish momentum.
- The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Touches 5-month High Vs. Dollar

Posted: 22 Mar 2011 08:10 AM PDT

03/22/11 The euro has traded at a 5-month high against the dollar today on growing speculation the ECB will raise its rates in an attempt to stem … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: US Stocks Consolidate, After 3-day Advance

Posted: 22 Mar 2011 02:52 AM PDT

03/22/11 The major US stock averages traded flat, following three straight sessions of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Eases To Trade Near $102

Posted: 22 Mar 2011 02:50 AM PDT

03/22/11 Oil prices have fallen from yesterdays highs on what is being viewed as a calming situation in the Middle … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/JPY Completes Impulse Wave; Correction Targets 114.10, 112.65

Posted: 22 Mar 2011 07:47 AM PDT

The Market's Reaction to the Japanese Yen Intervention (3/19 Video)
EUR/JPY

Short-term to Medium-term
- The EUR/JPY could have completed an impulse wave with 5 waves. If this is so, our wave 5 seen in the 1H chart is a diagonal triangle that failed to extend.
- The first target for the current correction would be in the near-term, 114.10. This is the minor support pivot that when broken will persuade the market of topping.
- As the market joins, we might get a correction to extend below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Calm After Jittery Start

Posted: 22 Mar 2011 07:47 AM PDT

Yields continue to rise in response to an improvement in the response to the Japanese earthquake. However, as investors dust themselves down and observe the wreckage there seems to be a blossoming challenge to global growth that’s keeping a lid on the euphoric rebound in optimism. Losses for bond investors are slowly diminishing on the day as core problems return to focus in the Eurozone.
Eurodollar futures – The June treasury futures contract is off its worst levels of the day as the knee-jerk … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar General Sees Fiscal 4Q Earnings Double

Posted: 22 Mar 2011 02:45 AM PDT

03/22/11 Dollar General announced Tuesday that its fiscal 4Q earnings more than doubled to $222.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Erases Losses After Weak Canadian Retail Data

Posted: 22 Mar 2011 07:34 AM PDT

Forex Pros – The Canadian dollar erased gains against its U.S. counterpart on Tuesday, following official data showing that Canadian retail sales were unexpectedly flat in February.

USD/CAD clawed back up from 0.9747, the pair's lowest since March 15 to hit 0.9792 during early U.S. trade, gaining 0.14%.

The pair was likely to find support at 0.9733, the low of March 15 and resistance at 0.9852, Monday's high.

Earlier in the day, Statistics Canada said Canadian retail sales declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Quiets Down. Bull Flag Forming?

Posted: 22 Mar 2011 07:30 AM PDT

The GBPUSD has moved lower and could be forming a bull flag. The pair moved higher on better CPI this morning.  The NY session has seen two way action.  There have been lower highs and lower lows. However, the correction has been able to stay above the 38.2% of the days trading range. 
Trader's will be watching the upside trendline at the 1.6383 level for upside clues. A move above this level keeps the idea of a bull flag in tact. On the downside, the bottom trendline, 100 bar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR Higher Overnight On ESM News, Then Sinks On Ireland Woes

Posted: 22 Mar 2011 07:26 AM PDT

Euro rallies on ESM details…
The EUR/USD came into this week extended its gains from Friday's session, when the pair surge above the 1.4050 area. On Monday, the pair broke to fresh 5-month highs, testing the level just below 1.4250.
In overnight trading, the Euro's rally lost some momentum, but was still higher on the news that Euro-zone government's agreed on the financing details of a the rescue fund – the European Stability Mechanism (ESM) – that will take over after 2013 when … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Planet Payment Cheers Improved Financials And New US Contract

Posted: 22 Mar 2011 03:32 AM PDT

Planet Payment (LON:PPTR) , the AIM listed payment processing business, said today that its dynamic currency conversion technology is set to be rolled out across a network of ATMs operated by American payments group, Fifth Third Processing Solutions. The new service, which uses Planet Payments' Pay in Your Currency technology, will allow international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction rather than … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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