DailyMarkets.com - ReneSola Posts Record Revenues

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• ReneSola Posts Record Revenues
• InTEST Preview
• 2011: Right Time To Buy A House?
• Quicksilver Beats, Gives Guidance
• Bernanke On The Economy
• Forex – EUR/USD Down In U.S. Trading Hours
• U.S. Rig Count Dips Below 1,700
• Ventas-NHP: Stellar Healthcare REIT?
• Stock Market Summary For Tuesday, March 1, 2011 Special Alert AGO
• Gold And Silver Resume Bullish Momentum; Fibonacci Extension Targets
• “It’s Really About Oil”
• MIT’s BPP Shows Low, Stable Inflation Over Last Yr.
• Mixed Numbers From CenterPoint
• AutoZone Profits On Store Opening
• Morton’s Reports In Line
• Forex – AUD/USD Down In U.S. Trade
• Stampede Of Bulls Into Goldcorp Calls As Shares Hit Two-year Highs
• The Middle East Panic Play And Intermarket Fallout
• Forex Trading: NZDUSD Tests 100 Hour MA At 0.7495
• Forex – NZD/USD Down During The U.S. Session
• ViroPharma Impresses On All Fronts
• Range Resources Outperforms
• Earnings Preview: Marvell Tech
• Earnings Preview: Staples
• Stable Outlook For Sallie Mae
• Dell’s Services In Demand
• HCN Acquires Genesis Healthcare
• EU Approval For Xiapex
• Toys ‘R’ Us Plans For IPO (revised)
• Fiserv Acquires Mobile Commerce
• ISM Employment Highest Since 1973
• European Markets Close Lower; Dax Down 0.40%
• AEP To Withdraw PATH Application
• New Home Sales Dip 12.6%
• Forex – EUR/USD Up At The End Of European Session
• Bernanke Prepared To Act, But Sees Inflation As Temporary
• Forex Trading: GBPUSD Tests Days High In Rollercoaster Trading
• Forex Trading: USDCAD Hits First Target And At 0.9755 And Comes Off
• Forex – Dollar Broadly Higher On Upbeat Bernanke, ISM Report
• Strong Economic Data Lifts Euro
• Forex – Pound Firms Up Against Dollar On ISM Data, Bernanke Testimony
• Forex – EUR/USD Holds Gains After Bernanke Remarks, ISM Data
• Forex Trading: GBPUSD Tests Support At The 1.6254 Level. Holds So Far
• Bull Pa Ba Or Bear Na Ba??? – A Market Forum
• Feb. ISM Manufacturing Index: Highest Since 1983
• Crude Rises On Libyan Unrest
• Morning News Notes: 3.1.11

ReneSola Posts Record Revenues Posted: 01 Mar 2011 12:05 PM PST Before markets opened today, ReneSola Ltd. (NYSE:SOL) reported fourth quarter and fiscal 2010 results. In the reported quarter the company clocked adjusted Earnings Per American Depositary Share (EPADS) of 69 cents per share, in line with the Zacks Consensus Estimate and beating the year-ago quarterly loss of 33 cents. Fiscal 2010 EPADS of $1.93 however came below the Zacks Consensus Estimate of $1.95.  Earnings in the reported fiscal were way ahead of the 98-cent loss per ADS digested by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

InTEST Preview Posted: 01 Mar 2011 12:05 PM PST Ken Nagy, CFA inTEST Preview inTEST (INTT) will hold a conference call tomorrow at 5.00 pm eastern time to discuss fourth quarter and full year 2010 results.  Recall that on January 10th inTEST provided an update to the Company’s outlook for the 2010 fourth quarter. The firm positively revised net revenue, bookings and pre-tax income for the fourth quarter 2010. Net revenue for the fourth quarter is now expected to be approximately $10.0 million. (Originally $8.8 million to $9.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2011: Right Time To Buy A House? Posted: 01 Mar 2011 12:05 PM PST Is 2011 a good year to buy a house if the pocket permits? Declining home prices and a low interest rate environment suggest that the time is just perfect. Also, many of economists expect housing prices to bottom in 2011. So, if buyers have a secure job and the confidence to meet stricter lender requirements, it would probably be a wise decision to proceed. House Keys to Remember Given below are pre-buying pointers for a safe and quick home transaction: The total cost including mortgages, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quicksilver Beats, Gives Guidance Posted: 01 Mar 2011 11:25 AM PST Quicksilver Resources Inc. (NYSE:KWK) reported fourth quarter 2010 adjusted earnings per share (EPS) of 18 cents, lower than the year-ago figure of 27 cents, but ahead of the Zacks Consensus Estimate of 15 cents. On a GAAP basis, the company reported EPS of $1.77 compared with 19 cents in the year-ago quarter. The $1.59 per share hiatus between GAAP and operating EPS was due to a number of one-time or extraordinary items. Reported earnings during the quarter were boosted by the sale of KGS, gain … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke On The Economy Posted: 01 Mar 2011 11:25 AM PST Fed Chairman Ben Bernanke is testifying before the House today in his semi-annual Humphrey Hawkins appearance. Below are his prepared remarks on the state of the economy, along with my commentary and translation. “Following the stabilization of economic activity in mid-2009, the U.S. economy is now in its seventh quarter of growth; last quarter, for the first time in this expansion, our nation’s real gross domestic product (GDP) matched its pre-crisis peak. Nevertheless, job growth remains … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In U.S. Trading Hours Posted: 01 Mar 2011 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index. EUR/USD was trading at 1.3805, down 0.01% at time of writing. The pair was likely to find support at 1.3705, Thursday's low, and resistance at 1.3855, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 61.40 last month from 60.80 in the preceding month. Analysts had expected the ISM manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Dips Below 1,700 Posted: 01 Mar 2011 11:05 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting a decrease in the number of land rigs. The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:RIG), Diamond Offshore (NYSE:DO), Noble Corp. (NYSE:NE), Pride International (NYSE:PDE), Nabors Industries (NYSE:NBR), Patterson-UTI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ventas-NHP: Stellar Healthcare REIT? Posted: 01 Mar 2011 11:05 AM PST In concurrence with the ongoing consolidation in the REIT (real estate investment trust) industry that  redefined the market dynamics, the healthcare sector witnessed a significant development when Ventas Inc. (NYSE:VTR) announced the acquisition of its rival Nationwide Health Properties Inc. (NYSE:NHP) in an all-stock deal. The transaction worth $7.4 billion would create one of the largest publicly traded REITs in the U.S. and arguably the leading healthcare REIT as per value. Since late 2010, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, March 1, 2011 Special Alert AGO Posted: 01 Mar 2011 10:57 AM PST We are going to add a second position in Assured Guaranty Ltd. (symbol: AGO) at the current price of $13.96 to our watch list. We feel this stock is way too cheap and priced for Armageddon with a Price/Earnings multiple of approximately 4x forward … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold And Silver Resume Bullish Momentum; Fibonacci Extension Targets Posted: 01 Mar 2011 10:55 AM PST Gold and Silver Threaten to Resume Bullish Momentum (2/28) Gold (XAU/USD) - Gold followed through what we saw yesterday as an attempt in bullish continuation towards 1430. We have touched 1430, testing the all-time high from December 2010. - The RSI in the daily chart is breaking above 70 and the previous high confirming bullish intent. - We might be in the short-term getting overbought as we crack 1430. If the market continues above 1430, there are fibonacci extension levels  (138.2%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“It’s Really About Oil” Posted: 01 Mar 2011 10:46 AM PST 03/01/11 DME Securities’ Alan Valdes weighs in on the decline in US stocks and Bernanke’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MIT’s BPP Shows Low, Stable Inflation Over Last Yr. Posted: 01 Mar 2011 10:45 AM PST   According to the Billion Prices Project at MIT, annual U.S. inflation a year ago was running at 2.33% and annual inflation as of yesterday was 2.79%.  The range over the last year has been between 2.20% in November and 2.84% last August.  Based on this record of low and stable inflation over the last year, shouldn’t Bernanke’s monetary policy get a pretty high letter grade?  A? Note: Here are some key facts for the BPP: The project started in 2007, and statistics are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mixed Numbers From CenterPoint Posted: 01 Mar 2011 10:40 AM PST CenterPoint Energy Inc. (NYSE:CNP) posted earnings of 29 cents per share for the fourth quarter of 2010, in line with the Zacks Consensus Estimate and 2 cents higher than the year-ago quarterly earnings of 27 cents. CenterPoint Energy posted fiscal 2010 earnings of $1.07 per share, falling short of the Zacks Consensus Estimate of $1.10. However this was greater than the fiscal 2009 earnings of $1.01 per share. Operational Results CenterPoint Energy's total revenues for the reported quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AutoZone Profits On Store Opening Posted: 01 Mar 2011 10:35 AM PST AutoZone Inc. (NYSE:AZO) recorded a 20% increase in profit to $148.1 million in the second quarter of its fiscal 2011 from $123.3 million in the same quarter of the prior fiscal year. On earnings per share basis, profits of $3.34 increased from $2.46 in the year-ago quarter, beating the Zacks Consensus Estimate by 27 cents per share. Net sales grew 10.3% to $1.66 billion, which was higher than the Zacks Consensus Estimate of $1.63 billion. Domestic same store sales, i.e., sales for stores open at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morton’s Reports In Line Posted: 01 Mar 2011 10:35 AM PST Chicago-based Morton's Restaurant Group, Inc. (NYSE:MRT) recently posted fourth quarter 2010 adjusted earnings of 31 cents, in line with the Zacks Consensus Estimate, but up 24.0% year over year. The earnings results were driven by improvement in business travel and convention attendance. During the quarter, GAAP net income from continuing operation was $5.3 million or 30 cents per share compared with a loss of $66.9 million or $4.21. Morton's engaged in the ownership and operation of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In U.S. Trade Posted: 01 Mar 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0155, down 0.30% at time of writing. The pair was likely to find support at 1.0003, Thursday's low, and resistance at 1.0202, today's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.29% to hit 1.3595 and AUD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stampede Of Bulls Into Goldcorp Calls As Shares Hit Two-year Highs Posted: 01 Mar 2011 10:34 AM PST Stampede of bulls into Goldcorp calls as shares hit two-year highs Today’s tickers: GG, LINE, IYR & YHOO Goldcorp, Inc. (NYSE:GG) – Shares of the gold mining company are trading up at their highest in more than 2 years, and a number of options traders are betting Goldcorp’s shares have more room to run in the near term. Call options on GG are in high demand, with more than 3.1 calls changing hands on the stock for each single put option in action today. Shares in the name are currently up 3.5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Middle East Panic Play And Intermarket Fallout Posted: 01 Mar 2011 10:30 AM PST It's always important to incorporate major headline news when doing inter-market analysis, because certain 'narrative' events can temporary unravel or unlink intermarket relationships, as we've seen over the last month as political uncertainty has spread in Africa/Middle-East. One can even start to call it the "Middle-East Panic Play" in terms of what knee-jerk sudden moves occur in the cross-markets. Here – let's take a look at the fall-out: The quick thesis is that spiraling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: NZDUSD Tests 100 Hour MA At 0.7495 Posted: 01 Mar 2011 10:29 AM PST The expectations is that due to the devastating Christchurch earthquake, the growth projections for New Zealand will be slashed toward 0% growth. There are reports that the Reserve Bank of New Zealand may be forced to cut rates by as much as 50 basis points at it's next meeting on March 10th. Already, ANZ has cut mortgage rates by 50 basis points. If the central bank matches the decline, this should keep the NZD pressured. Looking at the NZDUSD, the pair has tested the 100 hour MA currently … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session Posted: 01 Mar 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7500, down 0.33% at time of writing. The pair was likely to find support at 0.7430, Thursday's low, and resistance at 0.7554, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.06% to hit 1.3544 and EUR/NZD rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ViroPharma Impresses On All Fronts Posted: 01 Mar 2011 09:55 AM PST ViroPharma Inc. (NASDAQ:VPHM) posted fourth quarter 2010 earnings of 47 cents per share, beating the Zacks Consensus Estimate by 15 cents and the year-ago figure by 24 cents. In 2010, earnings increased 74.2% year over year to $1.62, beating the Zacks Consensus Estimate of 93 cents per share. Higher product sales helped boost earnings. Quarterly revenues of $121.6 million beat the Zacks Consensus Estimate of $114 million and were 38.5% above the year-ago revenue of $87.8 million. Annual revenues at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Range Resources Outperforms Posted: 01 Mar 2011 09:55 AM PST Range Resources Corp. (NYSE:RRC) reported better-than-expected fourth-quarter 2010 earnings of 19 cents per share compared with the Zacks Consensus Estimate of 7 cents. The outperformance was mainly attributable to record production level in the quarter. However, the reported quarter's figure was down from the year-earlier earnings of 32 cents. Earnings plunged to 56 cents per share in 2010 from the prior-year level of $1.04, but surpassed our expectation of 31 cents. Revenue in the quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Marvell Tech Posted: 01 Mar 2011 09:55 AM PST Marvell Technology Group (NASDAQ:MRVL) is scheduled to announce its fourth quarter 2011 results on March 3, 2011, and we see limited revisions in analyst estimates at this point of time. Third Quarter Overview Marvell Technology's third quarter 2011 revenue grew 19.5% from the year-ago quarter, fueled by a 20% year-over-year revenue growth in its mobile and wireless end-markets. Operating margin of 27.0% jumped 590 basis points from the year-ago quarter by virtue of better product mix and cost … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Staples Posted: 01 Mar 2011 09:55 AM PST Leading retailer of office products and services, Staples, Inc. (NASDAQ:SPLS), is slated to report its fourth-quarter 2010 financial results on March 2, 2011. The current Zacks Consensus Estimate for the quarter is 41 cents a share. For the quarter under review, revenue is $6,493 million, according to the Zacks Consensus Estimate. Third-Quarter 2010, a Synopsis Staples' third-quarter 2010 earnings of 41 cents a share came a penny ahead of the Zacks Consensus Estimate and rose 5.1% from 39 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stable Outlook For Sallie Mae Posted: 01 Mar 2011 09:55 AM PST The rating outlook on SLM Corporation (NYSE:SLM), which is popularly known as Sallie Mae, has recently been upgraded to Stable from Negative by Standard & Poor’s (S&P) Ratings Services. The upgrade reflects the rating agency's expectation of an improvement in the quality of its private loans portfolio over the next two years with a recovery in the economy. The long-term credit rating of BBB- for Sallie Mae has also been affirmed by S&P. By the end of next year, the rating agency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dell’s Services In Demand Posted: 01 Mar 2011 09:55 AM PST Dell Inc. (NASDAQ:DELL) has clinched a six-year information technology (IT) outsourcing deal with TUI Travel plc, a company under TUI AG, a renowned European travel group. Financial details of the deal were not divulged. Per the terms of the deal, Dell will provide hardware and software asset management, as well as help desk, printer management, patch management, deployment, software compliance, and other services in the UK, Germany, France, Spain, the Netherlands and Switzerland. Apart from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCN Acquires Genesis Healthcare Posted: 01 Mar 2011 09:55 AM PST Health Care REIT Inc. (NYSE:HCN), a leading health care real estate investment trust (REIT) that operates senior housing and health care real estate, has recently acquired full ownership of all the real estate assets of Genesis HealthCare, a leading provider of short-term post-acute, assisted living and long-term care services, for $2.4 billion. The transaction is expected to complete during the second quarter of 2011. With the deal, Health Care REIT will own 147 post-acute, skilled nursing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EU Approval For Xiapex Posted: 01 Mar 2011 09:55 AM PST Pfizer(NYSE:PFE) and Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) recently announced that the European Commission has granted marketing authorization to Xiapex for the treatment of Dupuytren’s contracture in adult patients with a palpable cord. Dupuytren's contracture is a condition that affects the connective tissue in the palm known as palmar fascia. Auxilium Pharma estimates that approximately 13% of the European population is affected by Dupuytren's contracture. Pfizer intends to launch Xiapex … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Toys ‘R’ Us Plans For IPO (revised) Posted: 01 Mar 2011 09:55 AM PST Toys 'R' Us, the leading global retailer of dedicated toys and baby products, intends to file for an initial public offering (IPO) in April 2011. Insiders familiar with the event expect it to raise about $800 million from the IPO. Toys 'R' Us had earlier planned to file for an IPO in May 2010, but later discarded the plan. The strategic move is the latest ploy by the string of private equity firms that owns Toys 'R' Us, to capitalize on their investments by selling their holdings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fiserv Acquires Mobile Commerce Posted: 01 Mar 2011 09:55 AM PST Fiserv, Inc. (NASDAQ:FISV) recently announced that it has acquired Mobile Commerce Ltd. (M-Com) to strengthen its existing mobile channel capabilities. Fiserv and M-Com have in partnership since 2008 to develop and deliver Mobile Money from Fiserv to hundreds of financial institutions. The financial terms of the acquisition were not disclosed. Fiserv and M-Com have a lot of mutual customers in the U.S. and the merger of the two companies will accelerate the development of innovative solutions for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ISM Employment Highest Since 1973 Posted: 01 Mar 2011 09:55 AM PST The Institute for Supply Management's (ISM) manufacturing index rose to 61.4 in February from 60.8 in January. This was also a positive surprise as the consensus had been looking for the index to dip slightly to 60.5. The overall index last matched this level in May of 2004, and the last time that it was higher than this was back in December of 1983. This is a "magic 50″ index, where any reading over 50 indicates that the manufacturing side of the economy is expanding and any reading under … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.40% Posted: 01 Mar 2011 09:55 AM PST Forex Pros – European stocks were down after the closing bell on Tuesday. At the close of European trade, Germany's DAX fell 0.40%, London's FTSE 100 shed 0.67%, France's CAC 40 declined 1.02% and the EURO STOXX 50 was down 0.71%. Earlier in the day, official data showed that The unemployment rate in the euro zone fell unexpectedly to a seasonally adjusted 9.90% last month from 10.00% in the preceding month. Analysts had expected the unemployment rate to remain unchanged at 10.00% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AEP To Withdraw PATH Application Posted: 01 Mar 2011 09:40 AM PST American Electric Power Company Inc. (NYSE:AEP) along with its partner FirstEnergy Corporation (NYSE:FE) stated that they will file to withdraw applications seeking approval from state regulatory agencies (Virginia, Maryland and West Virginia) for the Potomac-Appalachian Transmission Highline (PATH) project. The decision came after the announcement of indefinite suspension of the $2 billion project by the regional grid operator Pennsylvania – New Jersey – Maryland regional transmission … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Home Sales Dip 12.6% Posted: 01 Mar 2011 09:40 AM PST The feeble condition of the homebuilding industry has once again reflected in the home sales statistics for January. New home sales dropped 12.6% to a seasonally adjusted 284,000 units from 325,000 units in December last year. Meanwhile, pending home sales index fell 2.8% to 88.9 from 91.5 in the previous month. The decline in new home sales during the month was attributable to the deteriorating conditions in the West as well as in the South, partly offset by improvement in the Northeast and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of European Session Posted: 01 Mar 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index. EUR/USD was trading at 1.3812, up 0.03% at time of writing. The pair was likely to find support at 1.3705, Thursday's low, and resistance at 1.3855, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 61.40 last month from 60.80 in the preceding month. Analysts had expected the ISM manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke Prepared To Act, But Sees Inflation As Temporary Posted: 01 Mar 2011 08:40 AM PST A strong bout of data meant bond traders were on the defensive on Tuesday with yields also pivoting around the price of crude oil, which in New York is once again pressing on the triple-digit mark. Yields are generally firmer in response to a series of purchasing managers’ surveys indicative of yet healthy recovery. A jump in the price of oil mid-morning coupled with a calm tone from the Chairman of the Federal Reserve later helped improve the bid behind treasuries while equity prices responded … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Tests Days High In Rollercoaster Trading Posted: 01 Mar 2011 08:33 AM PST The GBPUSD is testing the high for the day at the 1.6327 level continuing the volatile up and down trading in the pair today.  The support level against yesterdays close and low for the day gave traders a reason to buy. The midpoint of the days trading range at 1.6289 did little to stop the buying. Now will the high of the day attract intraday sellers? On a move above the high for the day, there is not much resistance until 1.6400.   A move back below the  1.6297 level will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Hits First Target And At 0.9755 And Comes Off Posted: 01 Mar 2011 08:13 AM PST In the prior post, I outlined the bulish bias in the USDCAD after the BOC interest rate decision and move back into the downward channel.  The first target being the topside trendline at 0.9755. The USDCAD did move higher and ran into resistance at the 0.9755 level where sellers emerged. SEE PRIOR POST BY CLICKING HERE.  Now with the target reached, the pair is back firmly within in the channel. The move higher that took the price from 0.9682 to 0.9754 has retraced less than the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher On Upbeat Bernanke, ISM Report Posted: 01 Mar 2011 08:05 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, after a report showing that U.S. manufacturing activity hit its highest level in nearly seven years in February and after the chairman of the Federal Reserve said that the U.S. recovery was gathering momentum. During European late afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.13% to hit 1.3825. Earlier Tuesday, data showed that the euro zone’s manufacturing sector … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Economic Data Lifts Euro Posted: 01 Mar 2011 08:00 AM PST 03/01/11 The euro received another boost this session following an improvement in domestic data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Pound Firms Up Against Dollar On ISM Data, Bernanke Testimony Posted: 01 Mar 2011 07:53 AM PST Forex Pros – The pound firmed up against the U.S. dollar on Tuesday, after a report showing that U.S. manufacturing activity hit its highest level in nearly seven years and after the chairman of the Federal Reserve said that the U.S. recovery was gathering momentum. GBP/USD hit 1.3855 during European late afternoon trade, the pair's highest since January 2, 2010; the pair subsequently consolidated at 1.6301, gaining 0.26%. Cable was likely to find support at 1.6255, the days low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Holds Gains After Bernanke Remarks, ISM Data Posted: 01 Mar 2011 07:40 AM PST Forex Pros – The euro held gains against the U.S. dollar on Tuesday, after the chairman of the Federal Reserve said that the U.S. recovery was gathering momentum and following data showing that manufacturing activity in the U.S. rose to the highest level since May 2004 in February. EUR/USD hit 1.3853 during European late afternoon trade, the daily high; the pair subsequently consolidated at 0.3821, gaining 0.11%. The pair was likely to find support at 1.371, Monday's low and short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Tests Support At The 1.6254 Level. Holds So Far Posted: 01 Mar 2011 07:35 AM PST The 1.6254 level was the close from yesterday and it has proved to be a support area for todays trading. In the last hour, the price has returned to the area (low reached 1.6252) and bounced once again. As long as the price remains above this level/finds buyers, a bullish bias remains. ON a break, however,  look for a move toward the 1.6213 level which is the 38.2% of the move up from the Feb 25th low to the high today. The level also corresponds with a ceiling from Feb 24th … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Pa Ba Or Bear Na Ba??? – A Market Forum Posted: 01 Mar 2011 07:31 AM PST Bull pa ba or bear na ba??? Absolute Traders will be having a Chart & Fundamental Analysis Forum on March 25. OPEN TO ALL. Special Guests: First Metro Investment Corporation (Gus Cosio and Juni Banaag), surprise guests from different companies, LaidTrades (Ron Acoba and Aldrich Sevilla), and of course, our very own experts Bonner Dytoc (Yamada Jiro or Traderspizza) and Danny Go. … Please register in the link below to reserve a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Feb. ISM Manufacturing Index: Highest Since 1983 Posted: 01 Mar 2011 07:27 AM PST From today’s “Manufacturing ISM Report On Business”: “Manufacturing continued its rapid growth in February as the PMI registered 61.4 percent, an increase of 0.6 percentage point when compared to January’s reading of 60.8 percent. This is also the highest PMI reading since May 2004 when the index also registered 61.4 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.” MP: Some of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises On Libyan Unrest Posted: 01 Mar 2011 02:25 AM PST 03/01/11 Continued unrest in Libya helped pave the way for another rise in front month crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 3.1.11 Posted: 01 Mar 2011 06:47 AM PST The morning news notes as prepared by TL…  SP500 up  3.2% for February, economic data from China and India comes in strong, muni bonds, who is holding Treasurys?, and Libya. “Morning News Notes: March 1, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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