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- Understanding Fundamental Factors In Forex Trading
- RC2 Downgraded To Underperform
- MBIA Misses Estimates
- Cyberonics Beats, Guides High
- Forex – EUR/USD Up In U.S. Trading Hours
- Kroger Tops Estimates
- Ford Adds Third Recall
- Sasol Closes Asset Acquisition
- Heinz Posts Decent 3Q, Raises Outlook
- Big Lots Outpaces Estimates
- Forex – AUD/USD Down In U.S. Trade
- Straddle-strategist Sells Flextronics Options
- “Little Concern…things Turning South In Middle East”
- Futures Exchanges Try To Slow The Volatility In Oil
- Forex – NZD/USD Down During The U.S. Session
- BMC Software Joins Ingram Micro
- Analysis Of Apple’s IPad 2
- Bidders Queue Up For Citi Unit
- European Markets Close Higher; Dax Up 0.62%
- USD/CHF In Range Expansion Instead Of Bearish Breakout
- Sprint Bent On Going Fully 4G
- Jobless Claims Fall To 368K
- Wendy’s To Try Luck In Japan Again
- 14 Internet Tools For International Investors
- CME Cuts Margin Cost To Vie With NYSE
- MoneyGram Spreads Out In Vietnam
- ISM Service Index Rises Again
- Forex – EUR/USD Up At The End Of European Session
- Forex Daily Outlook – March 3rd, 2011
- European Central Bank Holds Rate At 1.00%
- EUR/JPY Targets 115.63 And Possibly 117.25 And 117.70; Elliott Wave Counts
- Risk Appetite Grows
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Dominican Republic Central Bank Raises Rate 100bps To 6.00%
- Masimo Lifted To Outperform
- Baxter Vaccine Wins RMRP Approval
- American Superconductor Gets Order
- Earnings Scorecard
- FDA Approval For Forest Drug
- Cushing Worry Amid Bullish EIA Data
- Tajikistan National Bank Raises Rate 75bps To 9.00%
- Crude Slides But Remains Above $100
- Forex – Dollar Broadly Higher On Jobs Data, Trichet Boosts Euro
- Word From The Floor: US Stocks Rally
- GBP/JPY Testing Resistance At 134.10; Elliott Wave Scenarios
- Forex Trading: USDJPY Moves Higher On Better US Data. EURJPY Surges Too
- Trichet Pulls Out The Red Pen
- Forex – GBP/USD Lower As Weak U.K. PMI Damps Rate Hike Hopes
- Forex – EUR/USD Jumps After Trichet ‘strong Vigilance’ Remarks
- USD/JPY Breaking Bearish Momentum And Trying To Form A Bottom
- ISM Business Activity Surges To 7-Year High
- Levelling The Playing Field: Chris Hulme Discusses Retail Investing, Regulation And His Plans For The UK Shareholders’ Association
- Minera IRL Encouraged By Latest Drill Results From Escondido Project In Patagonia
| Understanding Fundamental Factors In Forex Trading Posted: 03 Mar 2011 12:01 PM PST Understanding the fundamental factors affecting the Forex market is possibly the most important step in properly assessing the behaviors of the foreign currency market. This article discusses the affects of economic indicators, the housing market and industry as key tools in the basis of market comprehension. 1. Foreign Goods vs. Local Goods. Cheaper goods become available and more attractive as the local currency drops, but the when the local currency is strong, the local industry … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| RC2 Downgraded To Underperform Posted: 03 Mar 2011 11:35 AM PST RC2 Corp. (NASDAQ:RCRC), a leading designer, producer and marketer of innovative, high-quality toys, collectibles, and infant and toddler products, has been downgraded from Neutral to Underperform.
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| Posted: 03 Mar 2011 11:25 AM PST MBIA Inc. (NYSE:MBI) reported fourth quarter operating loss of $311 million or $1.56 per share, which was much below the Zacks Consensus Estimate of a loss of 23 cents per share. Results, however, compared favorably with a loss of $541 million or $2.60 per share in the prior-year period.
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| Posted: 03 Mar 2011 11:25 AM PST Cyberonics (NASDAQ:CYBX) reported earnings per share of 25 cents for the third quarter of fiscal 2011, beating the Zacks consensus estimate by a penny while falling behind the year-ago earnings of 29 cents. Despite higher sales and a roughly 68% reduction in interest expense, the decline in the bottom line was attributable to significant increase in effective tax rate.
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 03 Mar 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3951, up 0.62% at time of writing. The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.99% to hit 0.8576 and EUR/JPY rising 1.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Mar 2011 11:05 AM PST The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted better-than-expected fourth-quarter 2010 results. The quarterly earnings of 46 cents a share topped the Zacks Consensus Estimate of 44 cents, and jumped 17.9% from 39 cents delivered in the prior-year quarter.
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| Posted: 03 Mar 2011 11:05 AM PST Ford Motor Co. (NYSE:F) announced its third round of vehicle safety recalls since early last month. The automaker will recall 35,000 units of pickup trucks and crossover in two sets in the U.S. and Canada in order to fix fuel leaks and electrical shorts in the vehicles that could lead to fires.
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| Sasol Closes Asset Acquisition Posted: 03 Mar 2011 10:35 AM PST South African energy and chemicals group Sasol (SSL) announced that it has completed the acquisition of a 50% participation stake in Canada's Montney Shale Basin from Talisman Energy (TLM). Sasol paid a total purchase price of C$1.025 billion for the acquired assets. With the remaining 50% interest in the assets, Talisman will continue to act as the operator.
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| Heinz Posts Decent 3Q, Raises Outlook Posted: 03 Mar 2011 10:35 AM PST H.J. Heinz Co. (NYSE:HNZ) posted robust earnings of 84 cents per share for the third quarter of fiscal 2011. The result was above the Zacks Consensus Estimate of 81 cents and also ahead of 72 cents per share recorded in the year-ago quarter.
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| Posted: 03 Mar 2011 10:35 AM PST Big Lots Inc. (NYSE:BIG) recently posted higher-than-expected fourth-quarter 2010 results. The quarterly earnings of $1.46 a share outpaced the Zacks Consensus Estimate by 8 cents, and surged 11.5% from $1.31 earned in the prior-year quarter.
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| Forex – AUD/USD Down In U.S. Trade Posted: 03 Mar 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday. AUD/USD was trading at 1.0139, down 0.29% at time of writing. The pair was likely to find support at 1.0086, Wednesday's low, and resistance at 1.0202, Tuesday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.81% to hit 1.3747 and AUD/JPY rising 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Straddle-strategist Sells Flextronics Options Posted: 03 Mar 2011 10:33 AM PST Straddle-strategist sells Flextronics options
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| “Little Concern…things Turning South In Middle East” Posted: 03 Mar 2011 10:19 AM PST 03/03/11 Meridian Equity Partners’ Joseph Greco weighs in on today’s rally in US … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Futures Exchanges Try To Slow The Volatility In Oil Posted: 03 Mar 2011 10:04 AM PST Oil is over $100 a barrel and it is starting to feel like 2008 again, only without the jobs. Interesting … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Down During The U.S. Session Posted: 03 Mar 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7398, down 0.46% at time of writing. The pair was likely to find support at 0.7384, Wednesday'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 0.22% to hit 1.3708 and EUR/NZD rising 0.97% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| BMC Software Joins Ingram Micro Posted: 03 Mar 2011 09:55 AM PST BMC Software Inc. (NYSE:BMC) has chosen the leading information technology (IT) distributor, Ingram Micro Inc. (NYSE:IM) to expand its reach into new markets.
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| Posted: 03 Mar 2011 09:55 AM PST After launching the much-hyped tablet computer, iPad, on April 3, 2010 in the U.S., Apple Inc. (NASDAQ:AAPL) introduced iPad 2, its second generation tablet computer with additional features. Despite the buzz about the new iPad, the company's shares rose a modest 0.8% or $2.81 per share and closed at $352.12.
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| Bidders Queue Up For Citi Unit Posted: 03 Mar 2011 09:55 AM PST Citigroup Inc.'s (NYSE:C) consumer finance unit, CitiFinancial is up for sale and companies such as the Spanish bank––Banco Santander SA (NYSE:STD), BlackRock Inc. (NYSE:BLK) and over 10 private equity firms are said to be in the buyer's race. The companies are forming groups to bid for the unit, according to a report by Bloomberg.
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| European Markets Close Higher; Dax Up 0.62% Posted: 03 Mar 2011 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Thursday. At the close of European trade, Germany's DAX rose 0.62%, London's FTSE 100 gained 1.52%, France's CAC 40 climbed 0.66% and the EURO STOXX 50 was up 0.35%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.57%; the S&P 500 index gained 1.64%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CHF In Range Expansion Instead Of Bearish Breakout Posted: 03 Mar 2011 09:40 AM PST USD/CHF Targets 0.9150, 0.9030 (3/2)
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| Posted: 03 Mar 2011 09:35 AM PST Sprint Nextel (NYSE:S), the third-largest U.S. wireless carrier, intends to complete the deployment of long-term evolution (LTE) technology based fourth generation (4G) network in its entire coverage by year-end 2013.
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| Posted: 03 Mar 2011 09:35 AM PST Initial Claims for Unemployment Insurance dropped by 20,000 last week to 368,000 (last week was revised down by 3,000, so one could see it as a 23,000 decline). This was much better than the expected level of 400,000. The weekly numbers, after an erratic few months, seem to have broken decisively to the downside. First the holidays and then the bad weather seemed to have played havoc with the weekly numbers, but those effects should have passed by now. Let us hope the decline continues. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Wendy’s To Try Luck In Japan Again Posted: 03 Mar 2011 09:10 AM PST Wendy's/Arby's International Inc., a subsidiary of Wendy's/Arby's Group Inc. (NYSE:WEN) recently announced that it has entered into a development agreement with Higa Industries Co. Ltd. to expand in Japan. Per the deal, Higa Industries will develop and operate Wendy's restaurants throughout the country in the coming years. The terms of the deal were not disclosed. The first location is expected to open in Tokyo later this year.
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| 14 Internet Tools For International Investors Posted: 03 Mar 2011 09:06 AM PST In this article I put together a collection of internet tools for international investors I have found really useful in my investing activities. I have grouped the tools into: General tools – useful for international investors United Kingdom – useful for investors investing in the UK Germany – useful for investors in Germany General Internet Tools for International Investors Google Alerts www.google.com/alerts/ (Free registration to open a Google account … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| CME Cuts Margin Cost To Vie With NYSE Posted: 03 Mar 2011 09:05 AM PST Yesterday, leading US futures exchange operator, CME Group Inc. (NASDAQ:CME) announced the launch of a new clearing membership platform, Financial Instruments Clearing Membership (FICM). This new platform would help reduce the trader's cost by nearly 65% enjoying a cross-margin for the company's interest rate futures products and US Treasury's futures franchise, thereby outrightly challenging NYSE Euronext Inc.'s (NYSE:NYX) futures operations – NYSE Liffe – in the US. The FICM is expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| MoneyGram Spreads Out In Vietnam Posted: 03 Mar 2011 09:05 AM PST Expanding its presence in Vietnam, on Wednesday, MoneyGram International Inc. (NYSE:MGI) introduced the first money transfer platform with DongA Bank in Vietnam. The company also launched other initiatives such as 'Red Kiosks' and home delivery in order to enhance its network in the region, which grew by 30% in 2010.
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| Posted: 03 Mar 2011 09:05 AM PST The Institute for Supply Management's Non-Manufacturing, or Service, survey rose in February to 59.7 from 59.4 in January. Like its venerable brother the Manufacturing survey, this is a "magic 50" index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction. Thus, this means that the Service side of the economy, which is far larger than the Manufacturing side, is not only growing, but the rate of growth accelerated in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of European Session Posted: 03 Mar 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3946, up 0.58% at time of writing. The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.97% to hit 0.8574 and EUR/JPY rising 1.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Daily Outlook – March 3rd, 2011 Posted: 03 Mar 2011 08:59 AM PST Middle East Tensions Continue to Hurt the Dollar The Euro continued to grind higher and pushed through 1.3855 resistance, as strong indications of a potential rate hike are backed by recent economic data. The higher euro zone manufacturing PMI readings yesterday have been followed by news of a larger than expected jump in January producer prices. The 1.5% m/m increase was half again as much as the consensus forecast and lifts the year-over-year rate to 6.1%, the fastest since Sept 08. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Central Bank Holds Rate At 1.00% Posted: 03 Mar 2011 08:39 AM PST The European Central Bank maintained the main refinancing operations (fixed rate) at 1.00%, and signaled interest rate increases as inflation creeps past the 2.00% ceiling of the official inflation target. The Bank noted: “analysis indicates that risks to the outlook for price developments are on the upside”. Annual inflation rose to 2.4% in February 2011 according to a preliminary estimate from Eurostat. Warning of potential tightening the Bank also said: “Strong vigilance is warranted … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/JPY Targets 115.63 And Possibly 117.25 And 117.70; Elliott Wave Counts Posted: 03 Mar 2011 08:32 AM PST Forex Notes (2/23)*
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| Posted: 03 Mar 2011 08:30 AM PST 03/03/11 Positive jobs reports in the US and the ECB keeping rates unchanged has helped lead the way for another session of gains for higher-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar: The Downside Prevails Posted: 03 Mar 2011 08:27 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 03 Mar 2011 08:27 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Dominican Republic Central Bank Raises Rate 100bps To 6.00% Posted: 03 Mar 2011 08:26 AM PST The Central Bank of the Dominican Republic raised its Monetary Policy (Overnight) Rate by 100 basis points to 6.00% from 5.00%, and maintained the Lombard Rate at 9.50%. The Bank cited rising inflation as the driver: “In fact, the Consumer Price Index (CPI) increased by 1.25% in January 2011, while y-o-y inflation reached 6.17%. This level of annual inflation is above the Monetary Program’s target range of 5-6% for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Mar 2011 08:22 AM PST We upgrade our recommendation on Masimo Corporation (NASDAQ:MASI) to Outperform following its better-than-expected fourth-quarter fiscal 2010 results. Both earnings and revenues for the quarter beat the Zacks Consensus Estimate. Profit for the quarter soared nearly 15% year over year, buoyed by a double-digit growth in sales.
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| Baxter Vaccine Wins RMRP Approval Posted: 03 Mar 2011 08:22 AM PST Baxter International (NYSE:BAX), a global diversified medical products company, recently announced that the Austrian Agency for Health and Food Safety recently granted approval of a European repeat mutual recognition procedure ("rMRP") for its Preflucel seasonal influenza vaccine. The license will be formally implemented by 13 European nations, including Germany, the U.K. and Spain, to render Preflucel widely available during the 2011-2012 influenza season.
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| American Superconductor Gets Order Posted: 03 Mar 2011 08:22 AM PST American Superconductor Corporation (AMSC) received initial wind turbine electrical control system orders from Dongfang Turbine Co. Ltd., the third largest wind turbine manufacturer in China. American Superconductor will be shipping the electrical control systems to Dongfang Turbine in 2011.
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| Posted: 03 Mar 2011 08:22 AM PST Late last month, offshore drilling giant Transocean Inc. (RIG) announced its financial results for the fourth-quarter and year-end 2010.
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| Posted: 03 Mar 2011 08:21 AM PST Forest Laboratories, Inc. (NYSE:FRX) recently gained US Food and Drug Administration (FDA) approval for its chronic obstructive pulmonary disease (COPD) drug, Daliresp (roflumilast). Daliresp received approval for the reduction of the risk of COPD exacerbations in patients with severe COPD associated with chronic bronchitis and a history of exacerbations.
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| Cushing Worry Amid Bullish EIA Data Posted: 03 Mar 2011 08:21 AM PST The U.S. Energy Department’s weekly inventory release showed an unexpected drop in crude stockpiles though supplies at the key delivery hub of Cushing hit a record high. The agency's report further added that fuel inventories were off from the previous week levels, while refinery run-rates increased.
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| Tajikistan National Bank Raises Rate 75bps To 9.00% Posted: 03 Mar 2011 08:20 AM PST The National Bank of Tajikistan raised its key refinancing rate by 75 basis points to 9.00% from 8.25%, in order to stem rising inflation. Tajikistan saw month on month inflation of 1.9% in January, and 0.9% in December, while recording full year inflation of 9.8% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Slides But Remains Above $100 Posted: 03 Mar 2011 08:15 AM PST 03/03/11 Front month crude prices posted a minor dip this session. However, prices remained above $100 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Higher On Jobs Data, Trichet Boosts Euro Posted: 03 Mar 2011 08:06 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Thursday, after official data showed that U.S. jobless claims fell to a two-and-a-half-year low last week while a hawkish rate statement from the European Central Bank lifted the euro. During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.51% to hit 1.3936. Earlier in the day, the ECB left its official cash rate unchanged at 1.00% in line with expectations. In a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Word From The Floor: US Stocks Rally Posted: 03 Mar 2011 03:00 AM PST 03/03/11 Wall Street rallied at the open, with the major indexes higher by over 1%. The ECB, US economic data and oil prices are in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/JPY Testing Resistance At 134.10; Elliott Wave Scenarios Posted: 03 Mar 2011 07:57 AM PST GBP/JPY Should Consolidate Further; Elliott Wave Count Adjustment (3/2) - In the very short-term we see that the GBP/JPY has been bullish to end last week, and to start this one, but has since found a range roughly between 132.80 and 134.10.
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| Forex Trading: USDJPY Moves Higher On Better US Data. EURJPY Surges Too Posted: 03 Mar 2011 07:55 AM PST The USDJPY is moving higher today on the back of the better US Initial Claims and ISM Non Manufacturing data. The pair is also supported by the surge in the EURJPY today on the back of carry trade excitement. With the ECB looking to raise rates, the traders looking to take advantage of the carry profits between the EURO and the JPY are coming out in full force (see chart below). The next target for the EURJPY comes in at 115.00. A break above that level should lead to further buying interest … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Mar 2011 07:43 AM PST ECB Chief Jean-Claude Trichet pulled no punches on Thursday and warned that it would be no surprise if interest rates were raised at the next central bank pow-wow in a couple of weeks. Ahead of the meeting his words were expected to raise the specter of monetary tightening at some later point this year. Instead he let the cat out of the bag that the benchmark cost of borrowing is assured to rise in March. The German yield curve flattened considerably in response as short-dated contracts slumped … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Lower As Weak U.K. PMI Damps Rate Hike Hopes Posted: 03 Mar 2011 07:40 AM PST Forex Pros – The pound was down against the U.S. dollar on Thursday, after worse-than-expected data on U.K. service sector activity dampened expectations for a an interest rate hike by the Bank of England in the coming months. GBP/USD hit 1.6256 during European late afternoon trade, the daily low; the pair subsequently consolidated at 1.6277, shedding 0.29%. Cable was likely to find short-term support at 1.6213, Wednesday's low and resistance at 1.6343, Wednesday's high and a 13-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Jumps After Trichet ‘strong Vigilance’ Remarks Posted: 03 Mar 2011 07:31 AM PST Forex Pros – The euro surged against the U.S. dollar on Thursday, trading close to a four month high after European Central Bank President Jean-Claude Trichet said inflationary risks are to the upside and “strong vigilance” is required. EUR/USD hit 1.3971 during European late afternoon trade, the pair's highest since November 8; the pair subsequently consolidated at 1.3946, rising 0.58%. The pair was likely to find support at 1.3742, Wednesday's low and resistance at 1.4084, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/JPY Breaking Bearish Momentum And Trying To Form A Bottom Posted: 03 Mar 2011 07:18 AM PST US Dollar Pressured Ahead of Non-Farm Payroll (3/2 video) - The USD/JPY in the 4H chart shows a push back above the previous support zone of 81.60. It may have cracked it, but market was quick to rebound.
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| ISM Business Activity Surges To 7-Year High Posted: 03 Mar 2011 07:18 AM PST The ISM Non-Manufacturing Business Activity Index increased to 66.9 in February, the highest level in seven years (see chart above). Some of the categories in the index that are listed as “growing” for direction and “faster” for rate of change are: production, employment, backlog orders, and new export orders. Prices are “increasing” at a “faster” rate. There were 13 industries reporting business activity growth in February: Real Estate, Rental & Leasing; Accommodation & … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Mar 2011 01:46 AM PST As the new chairman of the UK Shareholders' Association, 39 year old Chris Hulme is considerably younger than a typical private investor. Nevertheless, Hulme – the MD of a mortgage brokerage and insurance company – has ambitious plans to broaden the Association's membership. In particular he wants build stronger ties between a younger generation of investors and UKSA's more experienced members. He also intends to introduce a new spirit of co-operation that will see the Association … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Minera IRL Encouraged By Latest Drill Results From Escondido Project In Patagonia Posted: 03 Mar 2011 01:23 AM PST Minera Irl (LON:MIRL) , the Latin American focused gold mining group, has reported a new set of drill data from ongoing exploration work at its Escondido project in Patagonia, Argentina. A discovery was made at Escondido last September and since then the company has been working to identify the limits of the gold and silver mineralisation. Initial drilling identified wide zones of potentially bulk minable gold and silver mineralisation, contiguous to the Las Calandrias Project, which is owned … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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