DailyMarkets.com - Textron Buys Stake In Chinese Co.

---

• Textron Buys Stake In Chinese Co.
• AXIS Capital Downgraded
• Buffett’s Top Aide Resigns
• Euro Rallies Against Yen And Dollar
• Forex – AUD/USD Up In U.S. Trade
• CNH Global Expands In India
• Vodafone To Boost Stake In Essar
• Look Abroad To Protect From Inflation
• TDS Reaffirmed At Neutral
• Forex – NZD/USD Up During The U.S. Session
• Speculators Scoop Up Call Options On Illinois Tool Works
• Salesforce Acquires Radian6
• DuPont Extends Danisco Bid
• Speculators Scoop Up Call Options On Illinois Tool Works
• RIMM’s Deal To Avail More Patents
• Silver Respects 36.80 Pivot And Continues Uptrend
• Interview With Barron’s On Rare Earth Stocks Recent Breakout
• European Markets Close Lower; Dax Down 0.22%
• GM Invests In Pontiac Plant
• TARP Silences Critics, Stands Tall
• Suncor Expands Plant Capacity
• Suncor Expands Plant Capacity
• Hershey’s Raising Prices
• Williams Inks Deal With NOVA
• Windstream Updates Tender Offer
• Romania Central Bank Holds Rate At 6.25%
• QLogic Optimizes 10GbE 3G Adapter
• Taiwan Central Bank Raises Rate 12.5bps To 1.75%
• Verizon To Debut 100G In U.S.
• Electronic Arts Ships New Game
• Crude Oil Rallies To Highest Level Since 2008
• Gold’s Heavy Throwback Rejected And Confrims Bullish Breakout
• What Was David Sokol Thinking?
• Forex – Dollar Remains Broadly Lower Vs. Rivals After U.S. Jobs Data
• Forex – Pound Lower Vs. Greenback After Fall In U.S. Jobless Claims
• Medicare Aims To Cover DNDN Drug
• Gap Goes Online In China
• USD/CHF Holding 0.9090 Would Be Pivotal For Bullish Structure
• Australian Dollar: Under Pressure
• Canadian Dollar: The Downside Prevails
• GBP/USD Daily Outlook For April 1, 2011
• USD/CHF Daily Outlook For April 1, 2011
• Gold Daily Outlook For April 1, 2011
• EUR/USD Daily Outlook For April 1, 2011
• Word From The Floor: Stocks Trade In Narrow Range
• H&M Fashions A 1Q Net Profit Drop
• Forex – EUR/USD Trims Gains But Supported By Rate View
• A Solid February Restaurant Performance Report
• EUR/GBP Still Targeting 0.8940; Wave Count Adjustment
• Morning News Notes: 3.31.11

Textron Buys Stake In Chinese Co. Posted: 31 Mar 2011 11:20 AM PDT Textron Inc. (NYSE:TXT), through its subsidiary Greenlee, has acquired a majority stake in a Chinese tools and hardware supplier – Shanghai Endura Tools Company Ltd. Textron said it now has 51% interest in the Shanghai, China-based company. Shanghai Endura Tools Company Ltd. is a provider of hand tools for the home center, construction, industrial manufacturing and automotive channels. Endura has about 140 employees and has been growing its presence in the Chinese tool market since being … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AXIS Capital Downgraded Posted: 31 Mar 2011 11:20 AM PDT We are downgrading AXIS Capital Holdings Limited (NYSE:AXS) to Underperform from Neutral as we expect the company to suffer majorly from catastrophic losses. AXIS Capital has a substantial exposure to losses resulting from natural disasters, man-made catastrophes and other catastrophic events. AXIS Capital suffered huge catastrophe losses in 2010. Also, the combined ratio deteriorated 940 basis points to 88.7% in 2010. The company expects first quarter 2011 preliminary losses from natural … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Buffett’s Top Aide Resigns Posted: 31 Mar 2011 11:20 AM PDT The short list for Warren Buffett successor, the chairman of Berkshire Hathaway Inc. (BRK.A) (BRK.B), gets shorter with the sudden resignation of David Sokol, who was the top contender for the CEO post. David Sokol, the CEO of NetJets Inc., a jet-rental company, and Chairman of MidAmerican Energy Holdings Co., a subsidiary of Berkshire Hathaway, until his resignation, also played a key role in the recent Lubrizol deal. Lubrizol Corp. (NYSE:LZ) is a specialty chemicals company. Sokol's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rallies Against Yen And Dollar Posted: 31 Mar 2011 11:15 AM PDT 03/31/11 The euro currency has posted gains against both the dollar and yen this afternoon following strong US economic reports and reports out of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In U.S. Trade Posted: 31 Mar 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0365, up 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.0205, Tuesday&rsquo;s low, and resistance at 1.0373, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.15% to hit 1.3698 and AUD/JPY rising 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CNH Global Expands In India Posted: 31 Mar 2011 11:05 AM PDT Agricultural and construction equipment CNH Global NV (NYSE:CNH) recently acquired full ownership of L&T – CASE Equipment Private Limited. Established in 1999, the business was an unconsolidated joint venture with Larsen & Toubro Limited to manufacture and sell construction and building equipment in India. The new wholly owned company will take the name Case New Holland Construction Equipment India Private Limited. The financial terms of the deal were not disclosed. Case New Holland … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vodafone To Boost Stake In Essar Posted: 31 Mar 2011 11:05 AM PDT British mobile company, Vodafone Group Plc (NYSE:VOD) intends to purchase additional stake in Essar group, its Indian joint venture partner, for $5 billion in cash. The transaction is expected to be completed by November. Vodafone will acquire Essar's 33% stake in Vodafone Essar Limited, thereby obtaining a 75% stake in the Indian venture. However, foreign companies cannot own more than 74% stake in Indian companies. Thus, the British company might sell its additional 1% stake or may consider an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Look Abroad To Protect From Inflation Posted: 31 Mar 2011 11:05 AM PDT Income is hard to come by these days, with interest rates at rock-bottom levels. The 10-year T-note still yields under 3.5%, far below its long-term average. Meanwhile, fears of inflation are starting to escalate. While I think that those fears are unfounded here, at least for core prices, it is true that inflation has become a much larger problem around the world, and it is possible that it could spread here. Headline inflation is picking up as the price of gasoline and food commodities, are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TDS Reaffirmed At Neutral Posted: 31 Mar 2011 11:05 AM PDT We are currently maintaining our long-term Neutral rating on Telephone and Data Systems Inc. (NYSE:TDS). The stock retains a  Zacks # 3 Rank, implying a short-term Hold rating. Telephone and Data Systems is pursuing several initiatives to reinvigorate growth in both the wireless and wireline segment. However, these growths are restricted due to significant challenges in the wireless business as well as stiff competition from cable operators and Internet-based service providers in the wireline … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The U.S. Session Posted: 31 Mar 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7645, up 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.7490, Monday&rsquo;s low, and resistance at 0.7647, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.14% to hit 1.3563 and EUR/NZD rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Speculators Scoop Up Call Options On Illinois Tool Works Posted: 31 Mar 2011 10:41 AM PDT Speculators scoop up call options on Illinois Tool Works Today’s tickers: ITW, ACGL, DELL & HES Illinois Tool Works, Inc. (NYSE:ITW) – Demand for out-of-the-money call options on the industrial products manufacturer jumped today after Illinois Tool Works was included in a list compiled by Reuters Insider of more than 80 companies that meet Warren Buffet’s criteria for an acquisition. Shares in the multinational manufacturer are up 1.1% at $54.16 in early-afternoon trade. Speculative call … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Salesforce Acquires Radian6 Posted: 31 Mar 2011 10:40 AM PDT Customer Relationship Management software maker and Enterprise cloud computing company Salesforce.com (NYSE:CRM), today announced that it has entered into a definitive agreement to acquire Radian6, the industry's leading social media monitoring platform, for approximately $276.0 million in cash and $50.0 million in stock, net of cash acquired. The company has set a deadline to complete the transaction by July 31, 2011, subject to certain terms and conditions. With the acquisition of this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DuPont Extends Danisco Bid Posted: 31 Mar 2011 10:40 AM PDT EI DuPont de Nemours & Co. (DD) extended its $6 billion takeover bid for Danisco till April 29 after holders of only 6% of the Danish company’s shares accepted the offer. The extension offers more time to get regulatory approvals from China and the European Union, the absence of which could restrain the uptake of the offer. DuPont needs 90% of Danisco shares before it can oblige the remaining shareholders to give up their stakes. The deal is expected to close by the end of the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Speculators Scoop Up Call Options On Illinois Tool Works Posted: 31 Mar 2011 10:38 AM PDT Speculators scoop up call options on Illinois Tool Works Today’s tickers: ITW, ACGL, DELL & HES Illinois Tool Works, Inc. (NYSE:ITW) – Demand for out-of-the-money call options on the industrial products manufacturer jumped today after Illinois Tool Works was included in a list compiled by Reuters Insider of more than 80 companies that meet Warren Buffet’s criteria for an acquisition. Shares in the multinational manufacturer are up 1.1% at $54.16 in early-afternoon trade. Speculative call … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RIMM’s Deal To Avail More Patents Posted: 31 Mar 2011 10:35 AM PDT BlackBerry-maker, Research In Motion, Ltd., (NASDAQ:RIMM) signed a contract with patent holder Intellectual Ventures (IV). As per the agreement, Research In Motion will be allowed to access about 30000 patent rights in IV's portfolio apart from its own. However, the terms of the deal were not mentioned. In the technology field, patent infringement is a very common practice. The recent patent battle between the two giants Nokia Corp. (NYSE:NOK) and Apple Inc. (NASDAQ:AAPL) is an eye-opener for other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Respects 36.80 Pivot And Continues Uptrend Posted: 31 Mar 2011 10:25 AM PDT Silver's Breakout Does not Look Successful; 36.80 is Key Pivot (3/30) Silver (XAG/USD) Short to Medium Term - Similar to gold, silver had a heavy throwback towards the broken 37.20 pivot. However, the market was quick to reject this attempt and kept the market above the 36.80 pivot, which as we mentioned was a threshold for the bullish scenario. - Now the market is attempting to test the 38.15 high. One thing that has not been convincing is that the RSI has not been able to break above 70 in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Interview With Barron’s On Rare Earth Stocks Recent Breakout Posted: 31 Mar 2011 10:22 AM PDT The Market Vectors Rare Earth Strategic Metals ETF (REMX) is marching higher today, following a near-breakout yesterday at around $25.50 a share. It closed Wednesday at $25.64 a share, a penny short of its highest finish in 2011. Today, it's up 1.7%, or 44 cents, at $26.08 a share. Rare earth metals are used in everything from hybrid car batteries and iPads to high-tech weapons. The ETF has returned 6.8% so far this year, says Morningstar, and has gained 4.7% in the past three … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.22% Posted: 31 Mar 2011 10:20 AM PDT Forex Pros – European stocks were down after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.22%, London&rsquo;s FTSE 100 shed 0.16%, France&rsquo;s CAC 40 declined 0.88% and the EURO STOXX 50 was down 0.87%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.05%; the S&P 500 index gained 0.05%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Invests In Pontiac Plant Posted: 31 Mar 2011 10:06 AM PDT General Motors Corporation (NYSE:GM) announced that it will invest $30 million in its stamping plant in Pontiac, Michigan in order to upgrade tooling and equipment that will, in turn, enhance the plant's manufacturing capabilities. The upgrade will include three conventional press lines that are already operating at the plant and installation of two additional presses. With this, Pontiac stamping plant will work as a regional center supporting many other plants.    The Pontiac … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TARP Silences Critics, Stands Tall Posted: 31 Mar 2011 10:06 AM PDT According to a calculation released by the Treasury on Wednesday, the $700 billion Troubled Asset Relief Program (TARP) will finally profit by about $23.6 billion. The program was initiated two years ago to rescue the nation's financial industry. The Federal Reserve is expected to realize the profits by 2013. Considering the effectiveness in easing credit and capital market pressure, restoring confidence in the financial system, and recovery of the injected money at a lower-than-expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Suncor Expands Plant Capacity Posted: 31 Mar 2011 10:06 AM PDT Canadian integrated energy company Suncor Energy (SU) announced the completion of the development of St. Clair Ethanol Plant, resulting in doubling the plant’s production capacity to 400 million litres of ethanol per year from the previous level of 200 million litres. Suncor had invested approximately $120 million in this expansion project. St. Clair Ethanol Plant, which commenced operations in June 2006, forms a significant part of Suncor's biofuels portfolio. With the higher operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Suncor Expands Plant Capacity Posted: 31 Mar 2011 10:05 AM PDT Canadian integrated energy company Suncor Energy (SU) announced the completion of the development of St. Clair Ethanol Plant, resulting in doubling the plant’s production capacity to 400 million litres of ethanol per year from the previous level of 200 million litres. Suncor had invested approximately $120 million in this expansion project. St. Clair Ethanol Plant, which commenced operations in June 2006, forms a significant part of Suncor's biofuels portfolio. With the higher operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hershey’s Raising Prices Posted: 31 Mar 2011 10:05 AM PDT The Hershey Company (NYSE:HSY) announced that it is going to raise the wholesale prices of its instant consumable, multi-pack, packaged candy and grocery lines across the majority of its U.S., Puerto Rico and export portfolio.   The company has embarked on this policy of stepping up the weighted average price by 9.7% to combat the significant increases in Hershey's input costs, including raw materials, packaging, fuel, utilities and transportation. The increased price is effective from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Williams Inks Deal With NOVA Posted: 31 Mar 2011 10:05 AM PDT Integrated energy firm, Williams Companies (WMB) entered into a long-term ethane and ethylene supply deal with Canada's biggest plastic producer NOVA Chemicals Corporation. In this regard, Williams aims to invest about C$311 million for the expansion of two primary plants at Fort McMurray and Redwater, which will support the company's production of up to 17,000 barrels of ethane and ethylene every day for NOVA Chemicals. As a part of the expansion program, Williams will remodel its sands … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Windstream Updates Tender Offer Posted: 31 Mar 2011 10:05 AM PDT Fixed-line voice and DSL Internet services provider, Windstream Corporation (NYSE:WIN) reported that its note holders have submitted $1.04 billion worth of 8.625% senior notes due in 2016. The senior note repurchase offer expires on April 6, 2011. Recently, on March 14, the company extended the maximum limit to repurchase 8.625% senior notes to $1,100 million from $600 million. Accordingly, to finance the buyback, the company privately placed 7.75% Senior Notes worth $450 million, maturing on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Romania Central Bank Holds Rate At 6.25% Posted: 31 Mar 2011 09:37 AM PDT The Banca Nationala a Romaniei maintained its policy rate unchanged at 6.25% while adjusting reserve requirements “to ensure adequate management of liquidity in the banking system”. The Bank cut the minimum reserve requirements ratio on foreign currency-denominated liabilities with residual maturities of up to two years by 500 basis points to 20% from 25%, and held the minimum reserve ratio on leu-denominated liabilities at 15%. The Bank noted that Romania had seen inflation of 7.6% in February … [visit site to read more] or compare Best Credit Cards and Best CD Rates

QLogic Optimizes 10GbE 3G Adapter Posted: 31 Mar 2011 09:35 AM PDT QLogic Corporation(NASDAQ:QLGC) announced the optimization of its third-generation 10GbE (Gigabit Ethernet) converged network adapter (3GCNA) for the Cisco Data Center Fabric. The portfolio of QLogic 10GbE 3GCNA is innovative, with a simple network design that increases scalability without any additional complexities and overheads associated with networking architecture. QLogic 3GCNA adapters are suited for an environment associated with cloud computing, and QLogic’s unique ConvergeFlex technology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Taiwan Central Bank Raises Rate 12.5bps To 1.75% Posted: 31 Mar 2011 09:18 AM PDT The Central Bank of the Republic of China (Taiwan) raised its discount rate 12.5 basis points to 1.750% from 1.625% as it sought to normalize monetary policy settings. The Bank also raised the secured loans rate 12.5 basis points to 2.125% from 2.000% and the unsecured loans rate 12.5 basis points to 4.000% from 3.875%. Taiwan reported consumer price inflation of 1.3% in February, up slightly from 1.1% in January this year. The Bank noted that “the Directorate-General of Budget, Accounting, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Verizon To Debut 100G In U.S. Posted: 31 Mar 2011 09:06 AM PDT Verizon Communications Inc. (NYSE:VZ) plans to initiate 100G (gigabits per second) technology on selected parts of the U.S. network by the end of the second quarter of 2011. The network segments include Chicago to New York, Sacramento to Los Angeles and Minneapolis to Kansas City. Verizon’s launch of 100G technology in the U.S. will use Juniper Networks Inc.'s (NASDAQ:JNPR) routers and CIENA Corp.'s (NASDAQ:CIEN) 100G coherent optical transport solution. The network upgrade will increase the speed and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Electronic Arts Ships New Game Posted: 31 Mar 2011 09:06 AM PDT Video game developer and publisher, Electronic Arts Inc. (ERTS) released its Tiger Woods PGA TOUR 12: The Masters in North America. The game is available in stores for a retail price of $59.99 on Microsoft Corp.'s (MSFT) Xbox 360 and Sony Corp.'s (NYSE:SNE) PlayStation 3. The game is also available for $49.99 on Nintendo's Wii. Tiger Woods PGA TOUR 12 Collector's Edition, exclusive for PlayStation 3, is priced at $69.99. Besides Xbox 360, PlayStation 3 and Wii, the game can also be played … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Rallies To Highest Level Since 2008 Posted: 31 Mar 2011 04:00 AM PDT 03/31/11 Front month crude prices traded above $106 today on reports pro-Gadhafi fighters have pushed back rebels in key oil towns in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold’s Heavy Throwback Rejected And Confrims Bullish Breakout Posted: 31 Mar 2011 08:56 AM PDT Gold's Price Action Shows Bearish Bais After Breakout and Throwback (3/30) Gold (XAU/USD) Short to Medium Term - The heavy bearish attempt yesterday to invalidate the bullish breakout came very close. However, as the market crashed through the middle of the consolidation zone, the market rejected the invalidation. and pushed gold above the 1430 high. - We are now testing the 1437.75 pivot. The 1H chart shows that we might be in a wave(iii), and further rally can be expected perhaps to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What Was David Sokol Thinking? Posted: 31 Mar 2011 08:53 AM PDT When an executive is in a position of recommending takeovers to perhaps the most legendary business executive on the planet, what is he doing purchasing a sizable position in that stock a week before making that recommendation? Are Americans still supposed to believe the manner in which markets operate and corporate takeovers occur are fully on the up and up? Stop it. David Sokol can attempt to explain away his personal trading of Lubrizol stock during the month of December but his purchase of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Remains Broadly Lower Vs. Rivals After U.S. Jobs Data Posted: 31 Mar 2011 08:52 AM PDT Forex Pros &ndash; The U.S. dollar remained broadly lower against its major counterparts on Thursday, following a government report which showed that U.S. claims for first time unemployment benefits fell last week.<br /><br />During U.S. morning trade, the greenback was down against the euro, with EUR/USD rising 0.48% to hit 1.4195.<br /><br />Earlier Thursday, official data showed that the inflation rate in the euro zone jumped to a 29-month high in March, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Pound Lower Vs. Greenback After Fall In U.S. Jobless Claims Posted: 31 Mar 2011 08:40 AM PDT Forex Pros &ndash; The pound was lower against the U.S. dollar on Thursday, following a&nbsp; government report showing that new U.S. claims for unemployment benefits fell last week.<br /><br />GBP/USD hit 1.6016 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.6044, shedding 0.18%.<br /><br />Cable was likely to find support at 1.5942, Tuesday&rsquo;s low and resistance at 1.6266, the high of March 24.<br /><br … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medicare Aims To Cover DNDN Drug Posted: 31 Mar 2011 08:35 AM PDT Dendreon Corporation (NASDAQ:DNDN) received a huge boost today when the Centers for Medicare and Medicaid Services (CMS) proposed to pay for its lead prostate cancer vaccine Provenge. Provenge was approved in the US in April last year and is marketed since May 2010. It is currently reimbursed by all 15 local Medicare contractors. CMS issued the proposed decision memo for Dendreon's potential blockbuster vaccine, Provenge, after conducting a scientific review of the evidence provided. The agency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gap Goes Online In China Posted: 31 Mar 2011 08:35 AM PDT Leading global specialty retailer, The Gap Inc. (NYSE:GPS) announced the opening of an online store on Taobao, China’s biggest e-commerce platform. E-commerce is the next economic frontier for many, and China is now leading the pack in terms of maximizing the potential of the Internet compared with the West. Gap which is already operational in China with four company-owned Gap stores in Shanghai and Beijing and a website at www.gap.cn will offer a wide selection of stylish products ranging from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Holding 0.9090 Would Be Pivotal For Bullish Structure Posted: 31 Mar 2011 08:21 AM PDT USD/CHF Attacking 0.92 with Bullish Momentum; 0.94 is Next? (3/29) USD/CHF Short Term and Medium Term- The USD/CHF indeed saw resistance 0.9280. In fact the market was rejected as it kissed the 200SMA in the 4H chart at 0.9272. - The decline now is heading towards 0.9090. This needs to hold for a bullish impulse wave structure towards 0.94, after which we would have a more significant correction. -  A break below 0.9090 however, suggests we had a zig zag, and not an impulse wave … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure Posted: 31 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

Canadian Dollar: The Downside Prevails Posted: 31 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

GBP/USD Daily Outlook For April 1, 2011 Posted: 31 Mar 2011 08:09 AM PDT By ForexMansion.com As of 08:00 GMT, the UK will release PMI manufacturing for the month of March, with expectations referring to an ease in expansion to 60.9 from 61.5 in February, to add more negativity to the outlook of British growth, especially in the first quarter, after the 0.5% contraction recorded in the fourth quarter, thereby the pound is predicted to show some bearishness in the case of a drop in the manufacturing gauge.  The pound’s advance against the dollar over the past few … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Daily Outlook For April 1, 2011 Posted: 31 Mar 2011 08:07 AM PDT By ForexMansion.com Today, the pair’s movement may be affected by the release of SVME PMI for Switzerland due at 07:30 GMT, which is expected to show a decline in March to 62.5 from the 63.5 recorded in February, which if matched forecasts is going to push the pair to the upside, where the reading is predicted to show a drop as the franc’s appreciation seems to have negative impact on Swiss exports. Nonetheless, the pair’s key direction for the day will probably be determined by the result of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Daily Outlook For April 1, 2011 Posted: 31 Mar 2011 08:07 AM PDT By CommoditiesMansion.com   Gold ascended in Thursday's trading session to return near record highs of 1,445.00 an ounce, as inflation accelerated in Europe during March, by 2.6% from 2.4% which increased speculations that ECB will tighten its policy in next week's rate decision; accordingly, the metal is expected to gain as it is considered the best hedge against inflation. Further bullishness is expected Friday as conflict in Libya persists for another day. Meanwhile, volatility is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Daily Outlook For April 1, 2011 Posted: 31 Mar 2011 08:05 AM PDT By ForexMansion.com   The EUR/USD pair moved to higher grounds Thursday as inflation accelerated in Europe beyond expectations, reaching 2.6% in March, from the previous 2.4% a month earlier, increasing speculations that the ECB will tighten rates in next week's rate decision. The pair is expected to continue on rising Friday as manufacturing data from the Euro-Zone and UK (released at 08:00 GMT and 08:30 GMT respectively) will show further expansion in the sector that has been driving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: Stocks Trade In Narrow Range Posted: 31 Mar 2011 08:02 AM PDT 03/31/11 US stocks struggled for direction at the open, following mixed economic data. The major equity averages are on track for the best quarter in over a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

H&M Fashions A 1Q Net Profit Drop Posted: 31 Mar 2011 08:00 AM PDT 03/31/11 Swedish fashion retailer H&M (Hennes & Mauritz AB) announced Thursday that rising cotton prices attributed to a 30% drop in 1Q net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trims Gains But Supported By Rate View Posted: 31 Mar 2011 07:54 AM PDT Forex Pros &ndash; The euro trimmed gains against the U.S. dollar on Thursday, easing off a seven-day high amid concerns over the region’s sovereign debt crisis but the single currency remained supported by expectations for a rate hike by the European Central Bank next month.<br /><br />EUR/USD eased back from 1.4233, the pair&rsquo;s highest since March 22, to hit 1.4177 during U.S. morning trade, up 0.36% on the day.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Solid February Restaurant Performance Report Posted: 31 Mar 2011 07:45 AM PDT National Restaurant Association — “Driven by improving same-store sales and customer traffic levels as well as growing optimism among restaurant operators, the outlook for the restaurant industry improved in February. The National Restaurant Association's Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.7 in February, up 0.4 percent from its January level (see chart above). In addition, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/GBP Still Targeting 0.8940; Wave Count Adjustment Posted: 31 Mar 2011 07:33 AM PDT EUR/GBP in Consolidation and Eyeing 0.8720 (3/30) EUR/GBP Short Term and Medium Term- The correction anticipated yesterday towards 0.8720 did not come. Instead the market continued higher, and actually broke above the 0.8835 high. The 0.8940 target is still valid. - What was see as a possible correction to a complete impulse wave, could have been an expanded flat wave (iv), and we are in wave (v) now. - The 4H chart shows that the short-term terminal wave (v) is in a terminal wave 5 as well. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 3.31.11 Posted: 31 Mar 2011 07:05 AM PDT The morning news notes as prepared by TL…initial jobless claims, Treasury sees $24B profit from bailouts, Fed debate on exit strategy heats up, deal close to avoid government shutdown, NY Fed rejects AIG offer, Eurozone inflation on the rise, Japan’s PMI post quake, and “the Governator”.  ”Morning News Notes: March 31, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610