Tuesday, March 15, 2011

DailyMarkets.com - U.S. Government: Evermore Reliant On Foreign Investors

DailyMarkets.com - U.S. Government: Evermore Reliant On Foreign Investors

U.S. Government: Evermore Reliant On Foreign Investors

Posted: 15 Mar 2011 11:56 AM PDT

Despite the Fed recently surpassing China as the largest owner of U.S. government debt, the U.S. remains heavily reliant on foreigners to fund the government's ongoing fiscal largess. Geithner's Treasury Department has firmly focused new issues at the mid to longer end of the yield curve (since Geithner assumed office, the average length of marketable Treasury debt held publicly has increased by nearly one year). Despite the Treasury taking advantage of the ultra-low interest rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AK Steel Upgraded To Neutral

Posted: 15 Mar 2011 11:35 AM PDT

We are upgrading our recommendation on AK Steel Holding Corporation (NYSE:AKS) from Sell to Neutral given our expectations that the company's core operating results will turn profitable by the second quarter of 2011. We expect this to be driven by higher carbon steel prices which will more than offset higher raw material costs and weaker electrical steel prices.
The company reported an increase in revenues of 5.5% year over year to $1,390.6 million in the fourth quarter of 2010, which was in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lilly To Expand Animal Health Biz

Posted: 15 Mar 2011 11:25 AM PDT

In order to expand and strengthen its animal health business, Eli Lilly (NYSE:LLY) recently extended an irrevocable and unconditional offer for the animal health business of Janssen Pharmaceutica NV, a Johnson & Johnson (NYSE:JNJ) company.
While financial terms of the offer were not disclosed, Eli Lilly said that employees solely dedicated to the animal health business at Janssen will be transferred to Elanco, Eli Lilly's animal health division.
Eli Lilly's animal health division, Elanco, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Merge-Fysicon Into Image Solution

Posted: 15 Mar 2011 11:25 AM PDT

Merge Healthcare (NASDAQ:MRGE) recently decided to widen its scope under its existing agreement with Fysicon, a Netherlands based medical imaging distributor for radiology and cardiology. As per the new deal, both the companies will be able to strengthen and effectively improvise their image management solutions to focus on the BeNeLux (Belgium Netherlands and Luxembourg) market.
Merge is a global developer of healthcare information software solutions that helps prepare more comprehensive electronic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Video Games Up, Japan Casts Shadow

Posted: 15 Mar 2011 11:25 AM PDT

The video game industry witnessed growth in the month of February. According to market research group NPD, gaming industry sales rose from $1.33 billion to $1.36 billion, reflecting an increase of 3.0%.
Despite analysts predicting a 28% decline in Hardware sales, the segment experienced a rise of 10%. The reason for upside remains unclear right now, as NPD no longer segregates hardware sales by platforms. It is however likely that Microsoft's (NASDAQ:MSFT) XBOX 360 and the Kinect controller … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Stocks Broadly Lower On Concerns In Japan

Posted: 15 Mar 2011 11:18 AM PDT

Cusick's Corner
The bid attempts a bounce into the Midday, we need to be very careful on two fronts, buying into this pullback and maintaining long positions. The longs will have to be disciplined and patient, look away from the TV, but not blind to the current conditions. What I mean is that early last week the market was already challenging the short-term trend when the 50 Day MA was breached and was pushed over with Japan. The Fed will be very measured and balanced and traders will be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In U.S. Trade

Posted: 15 Mar 2011 11:15 AM PDT

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

AUD/USD was trading at 0.9906, down 1.90% at time of writing.

The pair was likely to find support at 0.9816, today's low, and resistance at 1.0159, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.78% to hit 1.4105 and AUD/JPY falling 2.65% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cautious On CSC

Posted: 15 Mar 2011 11:05 AM PDT

To counter recent negative developments, Computer Sciences Corporation (NYSE:CSC) is exploring new avenues to grow its business and market presence. The company has recently won a task order from the U.S. Navy for a period of five years, with a total value of $110.0 million.
As per the terms of the agreement, CSC will provide engineering and program management support for the development, designing, building, outfitting and testing of the Zumwalt Class Destroyer.
The company also indicated that in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 3.19%

Posted: 15 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 3.19%, London's FTSE 100 shed 1.38%, France's CAC 40 declined 2.51% and the EURO STOXX 50 was down 2.38%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.59%; the S&P 500 index shed 1.54%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Hard To Measure Impact On Japanese People”

Posted: 15 Mar 2011 10:50 AM PDT

03/15/11 Seaport Securities’ Teddy Weisberg weighs in on the global market selloff, and uncertainty over Japan’s nuclear … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish Player Targets Tiffany & Co. Options

Posted: 15 Mar 2011 10:46 AM PDT

Bullish player targets Tiffany & Co. options
Today’s tickers: TIF, EWJ, FSLR & HD
Tiffany & Co. (NYSE:TIF) – The retailer of fine jewelry and other high-end luxury goods has not lost its sparkle according to some contrarian traders establishing bullish bets on the stock this morning. Shares in Tiffany & Co. fell as much as 8.8% to an intraday low of $54.58 today, but pared some of the earlier losses to stand 3.9% lower on the session at $57.52 as of 11:35am in New York. One … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Forecasts From Steelmaker Nucor

Posted: 15 Mar 2011 05:45 AM PDT

03/15/11 Steelmaker Nucor Corp announced Tuesday that it expects an improved profit and a rise in demand in the upcoming … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session

Posted: 15 Mar 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7304, down 1.21% at time of writing.

The pair was likely to find support at 0.7266, today's low, and resistance at 0.7456, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.76% to hit 1.3553 and EUR/NZD rising 1.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reaffirming Cooper At Outperform

Posted: 15 Mar 2011 10:40 AM PDT

We maintain our Outperform rating on eye-care and surgical products maker Cooper Companies Inc (NYSE:COO) following its healthy first-quarter fiscal 2011 results. Earnings for the quarter of 85 cents outshined the Zacks Consensus Estimate of 68 cents while profit roughly doubled year over year, powered by healthy growth across the board.
Revenues soared 13% year over year, boosted by double-digit growth across the California-based company's CooperVision ("CVI") eye-care division and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

LECO Wraps Up Severstal Buy

Posted: 15 Mar 2011 10:40 AM PDT

Lincoln Electric Holdings Inc. (NASDAQ:LECO) wrapped up the acquisition of Russia-based leading manufacturer of welding consumables, OOO Severstal-metiz: Welding Consumables. The transaction includes acquiring manufacturing operations as well as exclusive distribution rights of the Severstal brand of welding products.
Severstal-metiz Welding Consumables is the subsidiary of Severstal-metiz and produces a wide range of electrodes, welding wire for the pipe industry and flux-cored welding wire. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disappointing Quarter For AOB

Posted: 15 Mar 2011 10:35 AM PDT

American Oriental Bioengineering's (NYSE:AOB) fourth quarter 2010 earnings per share came in at $0.04 per share, lower than the Zacks Consensus Estimate by $0.04 and the year-ago earnings by $0.10. Earnings in the final quarter of 2010 were hurt by lower revenues.
Revenues in the reported quarter declined 16.6% to $83.4 million.  Revenues were below Zacks Consensus Estimate of $110 million. The fall in revenue was attributable to reduced sales of pharmaceutical products
American Oriental … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Launches New Software

Posted: 15 Mar 2011 10:35 AM PDT

International Business Machines Corp. (NYSE:IBM) unveiled new software and also created a new consulting practice for the emerging Smarter Commerce category, which helps companies swiftly adapt to increased customer demands in the current era of mobile and social networks.
The increased usage of smartphones, laptops and PDAs has made mobile communications and social networking the primary source of business communication and interaction amongst customers and enterprises.
Currently, 70% of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For Incyte

Posted: 15 Mar 2011 10:35 AM PDT

Recently, Incyte Corporation (NASDAQ:INCY) announced that its lead candidate INCB18424 (ruxolitinib) fared well in a late-stage study (COMFORT-II). The study (n=219) evaluated the safety and efficacy of INCB18424 (also known as INC424) in patients suffering from myelofibrosis (MF), a rare bone marrow disorder.
Data from the randomized, open-label European study, conducted by partner Novartis (NYSE:NVS), revealed that there was significant reduction in spleen size in MF patients treated with INCB18424 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Look Toward Dividend Income

Posted: 15 Mar 2011 10:35 AM PDT

Getting income from your investment portfolio is hard these days, and the immediate reaction to the tragedy in Japan has been for yields of T-notes to fall back down again. The solution could be in a portfolio of large, well established firms that pay high dividends.

Ideally, you would want dividend companies that not only continue to provide regular dividend checks, but ones that increase them over time. The best safety measure for a dividend is a reasonable payout ratio. Very few companies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Covidien’s New Data On Hernia Repair

Posted: 15 Mar 2011 10:05 AM PDT

Ireland-based leading healthcare product maker Covidien plc (NYSE:COV) will present new data on its hernia and abdominal wall repair products at Hernia Repair 2011, the annual meeting of the American Hernia Society ("AHS"), slated to be held in San Francisco from March 16–19, 2011.
Covidien will highlight its products at Hernia Repair 2011 in two podium presentations and nine poster sessions as well as self-sponsored symposia. The company has come out with a long list of events that will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Refiners Gain On Japan Crisis

Posted: 15 Mar 2011 10:05 AM PDT

U.S.refining stocks have been notching up healthy gains on the news that Japan's strongest earthquake in over 140 years forced local refiners to shut processing plants. The 9.0-magnitude tremor – which unleashed a colossal 30-foot Tsunami in the country’s northeast coast that killed hundreds of people and caused massive carnage and destruction – has significantly pared Japanese refining capacity.  
According to media reports, the earthquake/tsunami disaster have led to five of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Understanding Japan’s Disaster

Posted: 15 Mar 2011 10:05 AM PDT

The awful news out of Japan just seems to keep getting worse. There are now four reactors that are in trouble and significant (although outside the gates of the plant, not immediately dangerous) levels of radiation have been released into the atmosphere. That has severely strained the country's electrical system (along with other damaged generating and transmission facilities), and there have been rolling blackouts across the country.

Most of the factories in the country have been shut down, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session

Posted: 15 Mar 2011 10:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3986, down 0.04% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4003, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.42% to hit 0.8688 and EUR/JPY falling 1.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will The Fed Hint At QE3 And Surprise Stock Market Bears?

Posted: 15 Mar 2011 09:43 AM PDT

Given the stark contrast between asset class performance before and after the implied announcement of QE2, the Fed's statements related to quantitative easing in the coming weeks will have a significant impact on the outlook for stocks and the relative attractiveness of asset classes, market sectors, and subsectors.

The Fed is scheduled to issue statements on March 15 and April 27, 2011 with the following concerns as a backdrop:

Higher food and oil prices.
Unemployment hovering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Takeaways From HP’s Strategy Summit

Posted: 15 Mar 2011 09:35 AM PDT

Hewlett-Packard Company (NYSE:HPQ) held its Strategy Summit in San Francisco, yesterday. The tech giant's new chief executive officer (CEO) Leo Apothekar chalked out a long-term strategy in the meet, to boost sales and stabilize share-price volatility. The CEO also asserted the convergence of cloud computing and mobile connectivity.
Keeping in view the enormous potential in the cloud, HP will now focus on developing a portfolio of cloud technology, which will include infrastructure and platform … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABC CEO Announces Retirement

Posted: 15 Mar 2011 09:10 AM PDT

AmerisourceBergen Corporation (NYSE:ABC) recently announced the retirement of its Chief Executive Officer (CEO) R. David Yost, effective July 1, 2011. Steven H. Collis is expected to succeed Yost, also effective July 1.
Yost, who is almost 64 years old, has been with AmerisourceBergen for the last 37 years, serving as the CEO for 14 years. Further, Collis, who has been with the company for 17 years, is currently the President and Chief Operating Officer of AmerisourceBergen. Collis was promoted to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eminent Domain: Boxing Gym For Kids Fights Back

Posted: 15 Mar 2011 09:03 AM PDT

Video above is from the Institute for Justice with this background:

“A San Diego-area boxing gym that serves at-risk kids is showing what it takes to fight for what is right and to win. The Community Youth Athletic Center (CYAC) has had to endure a series of low blows by National City’s local government in a case that time and again demonstrated how difficult it is for California property owners to defend themselves against tax-hungry governments and land-hungry developers bent on eminent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CTIC Strikes Cancer Deal With Chroma

Posted: 15 Mar 2011 08:55 AM PDT

Cell Therapeutics (CTIC) recently entered into a co-development and license agreement with UK based Chroma Therapeutics Ltd. for Chroma's anti-cancer pipeline candidate, tosedostat, for an upfront payment of $5 million. Tosedostat is initially targeted to be developed for indications like acute myeloid leukemia (AML), myelodysplastic syndrome (MDS) and multiple myeloma (MM).
Cell Therapeutics will be responsible for the development and marketing of tosedostat in North, Central and South … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xilinx Spurs Dividend, Backs View

Posted: 15 Mar 2011 08:55 AM PDT

Chipmaker Xilinx, Inc. (NASDAQ:XLNX) recently increased its quarterly cash dividend to 19 cents per share from 16 cents per share. The dividend will be paid on June 8, 2011 to all stockholders of record at the close of business on May 18, 2011.  
In addition, Xilinx reiterated its sales guidance for the March quarter.  Xilinx expects sales to be flat to up 5% sequentially. This guidance implies sales of $567.0 – $595.4 million for the quarter.  Xilinx had earlier forecast gross margin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Remains Broadly Higher On Safe Haven Inflows

Posted: 15 Mar 2011 08:48 AM PDT

Forex Pros – The U.S. dollar was higher against most of its major rivals on Tuesday, as fears over the impact of last week's devastating earthquake and tsunami in Japan and the nuclear crisis it triggered hammered risk sentiment.

During early U.S. trade, the greenback was sharply lower against the yen, with USD/JPY tumbling 0.87% to hit 80.90.

Earlier Tuesday, Japanese government officials said radiation levels around the Fukushima Daiichi nuclear plant had fallen, after an earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Decline Continues, Yen Rallies

Posted: 15 Mar 2011 08:45 AM PDT

03/15/11 The Japanese yen continued to rally this session as investors seek out safer-haven assets following more explosions at Japan’s nuclear … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What To Expect Today From FOMC, And Looking Forward To End Of QE2

Posted: 15 Mar 2011 08:39 AM PDT

FOMC Amid Turbulent Time for Globe
First it was the tensions in North Africa that has since turned into a civil war in Libya drove up the price of crude, highlighting concerns about the globe's ability to cope with surging energy inflation. Last Friday, the earthquake and tsunami in Japan unleashed a whole different kind of wave of anxiety, as global equities and especially shares on Tokyo exchange were battered by panic selling in Monday's and Tuesday's trading. The incidents at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Pares Losses But Remains Sharply Lower

Posted: 15 Mar 2011 08:35 AM PDT

Forex Pros – The pound modestly pared losses against the U.S. dollar on Tuesday, after Japanese government officials said radiation levels around the Fukushima Daiichi nuclear plant had fallen, following an earlier explosion and fire.

GBP/USD clawed back up from 1.5979, the pair's lowest since Friday, to hit 1.6051 during early U.S. trade, tumbling 0.75%.

Cable was likely to find support at 1.5819, the low of January 31 and resistance at 1.6199, Monday's high.

The announcement came … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BOPH: Initiating Coverage With Outperform Rating

Posted: 15 Mar 2011 08:27 AM PDT

BOPH:  Initiating coverage with Outperform rating
We are initiating coverage of Bohai Pharmaceuticals Group Inc. (BOPH) with an Outperform rating. Our price target is $7.00 per share. Our call is based on the strong fundamentals of the Company.
Bohai is a well established specialty pharmaceutical company in China engaged in the production and commercialization of traditional Chinese medicine (TCM). The Company is operating in a favorable environment for the pharmaceutical, especially TCM, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BOPH: Initiating Coverage With Outperform Rating

Posted: 15 Mar 2011 08:27 AM PDT

Zacks has removed this article. Thank you
 
BOHAI PHARMACT (BOPH): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Steel’s Tubular Agreement

Posted: 15 Mar 2011 08:27 AM PDT

U. S. Steel Tubular Products Inc., a subsidiary of United States Steel Corporation (NYSE:X), joined hands with Surface Enhancement Technologies (SET), part of Lambda Technologies Group, to utilize Low Plasticity Burnishing (LPB).
As per the agreement, the U. S. Steel Tubular Products will become the sole manufacturer of tubular products utilizing LPB, an advanced, patented technology that can be applied to a variety of tubular products to improve their performance and extend their service … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vodafone-Vivendi Negotiate SFR Sale

Posted: 15 Mar 2011 08:27 AM PDT

Vodafone Group Plc (NYSE:VOD), the largest revenue generating international wireless carrier, is still in talks with Vivendi to sell its 44% stake in SFR (their French joint venture).
The talks are in initial stages as the final sale price of SFR has not yet been agreed upon by the two parties. Vodafone is expecting €8.5 billion ($11.8 billion) from the sale. But Vivendi is unwilling to pay more than €6.9 billion ($9.64 billion) for purchasing the minority stake.
We believe the two parties … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Apple, AFLAC Incorporated, Bank Of America, ChevronTexaco, Walt Disney Company, Entergy, General Electric Company, Lubrizol, Sony, Valero Energy Corporation

Posted: 15 Mar 2011 08:27 AM PDT

 Berkshire Hathaway (NYSE:BRK.B) agreed to buy The Lubrizol Corporation (NYSE:LZ) for $135 per share. This all cash deal is estimated at $9 billion

 Walt Disney (NYSE:DIS) announced that its Tokyo Disneyland and Disney Sea theme parks are expected to be shut down for about 10 days following the earthquake in Japan

 General Electric (NYSE:GE) shares fell more than 2% after news of a possible nuclear leak form Fukushima Daiichi nuclear plant in Japan. The company designed six reactors … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FTI Continues European Expansion

Posted: 15 Mar 2011 08:27 AM PDT

FTI Consulting Inc. (NYSE:FCN) announced its plans to acquire the majority of LECG Corporation's remaining European operations. Earlier this month, FTI Consulting announced the acquisition of International Arbitration and Airline Competition practices of LECG Corporation but refrained from disclosing the terms. The completion of the new deal with LECG Corporation is subject to definitive agreements as well as satisfaction of closing conditions.
LECG is a global economics, finance and business … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BOPH: Initiating Coverage With Outperform Rating

Posted: 15 Mar 2011 08:27 AM PDT

Grant Zeng, CFA
BOPH:  Initiating coverage with Outperform rating
We are initiating coverage of Bohai Pharmaceuticals Group Inc. (BOPH) with an Outperform rating. Our price target is $7.00 per share. Our call is based on the strong fundamentals of the Company.
Bohai is a well established specialty pharmaceutical company in China engaged in the production and commercialization of traditional Chinese medicine (TCM). The Company is operating in a favorable environment for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk-Reward Balances Lowe’s

Posted: 15 Mar 2011 08:27 AM PDT

Being the world's second largest home improvement retailer, Lowe's Companies Inc. (NYSE:LOW) boasts a proven strategy of investing in stores to enhance customer-shopping experience by improving point-of-sale and directional signage, and adding more choices in product selection. The company's sustained focus on Everyday Low Prices, New Lower Price, Go Local and Specialty Sales initiatives have helped it to boost its market share. 
Lowe's, which competes with The Home Depot Inc. (NYSE:HD), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Costco In Neutral Lane

Posted: 15 Mar 2011 08:27 AM PDT

Costco Wholesale Corporation (NASDAQ:COST) continues to be a dominant retail wholesaler based on its breadth and quality of merchandise offered. The company's strategy to sell products at heavily discounted prices has helped it to remain on a positive growth track amid beleaguered economic conditions as cash-strapped customers continue to reckon Costco as a viable option for low-cost necessities. Having delivered consistent comparable-store sales growth, Costco is well positioned in the warehouse … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nike: Earnings Preview

Posted: 15 Mar 2011 08:26 AM PDT

The global leader of sports equipment and apparel maker, Nike Inc. (NYSE:NKE) is expected to report its third quarter 2011 earnings on Thursday, March 17, 2011. The Zacks Consensus Estimate for the third quarter is $1.11 per share.
Second quarter Recap
Nike posted strong fiscal 2011 second-quarter earnings of 94 cents per share, reflecting a growth of 24% from the year-ago earnings of 76 cents per share. Earnings for the quarter also surpassed the Zacks Consensus Estimate of 88 cents. Healthy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trims Losses As Radiation Levels In Japan Fall

Posted: 15 Mar 2011 08:24 AM PDT

Forex Pros – The euro trimmed losses against the U.S. dollar on Tuesday, but remained under pressure after Japanese officials said radiation levels around the earthquake-stricken Fukushima Daiichi nuclear plant had fallen.

EUR/USD clawed back up from 1.3856, the pair's lowest since Friday, to hit 1.3945 during early U.S. trade, shedding 0.32%.

The pair was likely to find support at 1.3751, Friday's low and resistance at 1.4035, the high of March 7 and a four-month high.

The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quake Presents Unique

Posted: 15 Mar 2011 08:23 AM PDT

Today’s Idea
The natural disasters in Japan may alleviate supply pressure in the near-term as the country rebuilds. The build in US supplies also sets a negative tone for the market in the near-term, further widening the contango. Technically, Crude Oil has held support at the $100 level, but a close below that mark could bring selling pressure. Some traders may wish to consider entering into a Crude Oil futures spread by buying the June and selling the April contract for 1.50 or lower to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD Could Be Done With ABC Correction

Posted: 15 Mar 2011 08:20 AM PDT

USD/CAD's Swing Projection Targets 0.9840…(3/14)
USD/CAD

- The USD/CAD should be complete with either ABC correction, or wave 3 of a bullish impulse wave development.
- Since touching the 2/23 high near 0.9960, the market is falling sharply,
- A retracement between 50% and 61.8% can be anticipated. If this is going to be a bullish development, meaning, there could be further rally to follow, we should not see the decline break below 0.98. If the market breaks below 0.9780, it is likely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trims Losses As Radiation Levels In Japan Fall

Posted: 15 Mar 2011 08:19 AM PDT

Forex Pros – The euro trimmed losses against the U.S. dollar on Tuesday, but remained under pressure after Japanese officials said radiation levels around the earthquake-stricken Fukushima Daiichi nuclear plant had fallen.

EUR/USD clawed back up from 1.3856, the pair's lowest since Friday, to hit 1.3945 during early U.S. trade, shedding 0.32%.

The pair was likely to find support at 1.3751, Friday's low and resistance at 1.4035, the high of March 7 and a four-month high.

The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Radiation Fears Spur Slide In Bond Yields

Posted: 15 Mar 2011 08:17 AM PDT

Bonds are feeling the benefit of safe haven buying as commodity prices and equities sink. Appeals for calm from Japanese Prime Minister Naoto Kan were accompanied by further measures to add liquidity to domestic money markets aimed at soothing investors’ nerves. At this point little is working to stem the crisis and the only reason investors will stop liquidating risk positions is when the media stops having to report the level of radiation around Fukushima to the North East of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Finds Resistance Against The 38.2% Retracement Level.

Posted: 15 Mar 2011 08:10 AM PDT

Forex Trading: EURUSD Squeezes To New NY Highs

Posted: 15 Mar 2011 08:01 AM PDT

Stocks are rebounding and the move down in the EURUSD during the Tokyo and London session have reversed more than 61.8% of the move down. The pair tested a retracement level at 1.3963 from earlier to today. Above that the next level of resistance comes in at the 1.3975 level which was the resistance in yesterdays trade and started the downside momentum in today's trade (see chart above).
Trading remains fluid as news and markets cause volatile swings. The best course of action is to still … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: US Stocks Slide On Japan Nuclear Crisis

Posted: 15 Mar 2011 07:58 AM PDT

03/15/11 US markets tumbled at the open, following global equities lower. Japan’s Nikkei posted its worst 2-day loss since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Sharply Lower As Japan Nuclear Fears Hit Sentiment

Posted: 15 Mar 2011 07:57 AM PDT

Forex Pros – The U.S. dollar was sharply lower against the yen on Tuesday, as concerns over a deepening nuclear crisis in the wake of last week's earthquake and tsunami hammered market sentiment.

USD/JPY hit 80.73 during early U.S. trade, the daily low; the pair subsequently consolidated at 80.92, tumbling 0.85%.

The pair is likely to find short-term support at 80.57, Monday's low and a four-month low and resistance at 82.45, Monday's high.

Earlier in the day, an explosion at the No. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Decline Continues, Trades Below $97

Posted: 15 Mar 2011 02:50 AM PDT

03/15/11 Growing concerns over Japanese demand and investors fleeing riskier assets have paved the way for another session of steady declines for crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Empire State Manufacturing Continues To Improve

Posted: 15 Mar 2011 07:31 AM PDT

NY Fed — “The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to improve in March. The general business conditions index inched up 2 points, to 17.5 (see chart above). The new orders and shipments indexes fell but remained above zero, while the unfilled orders index rose above zero for the first time in a year. Price indexes continued to climb, suggesting that price increases had accelerated. Employment indexes were positive and above their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Williams-Sonoma’s Fiscal 4Q Net Income Rises

Posted: 15 Mar 2011 02:30 AM PDT

03/15/11 Williams-Sonoma Inc. announced a fiscal 4Q net income rise of 28% on strong outlet and online … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Trims Gains Ahead Of Fed FOMC Meeting

Posted: 15 Mar 2011 07:29 AM PDT

Forex Pros – The Canadian dollar trimmed losses against its U.S. counterpart on Tuesday, ahead of the Federal Reserves monthly policy setting meeting, but remained under pressure amid concerns over Japan's escalating nuclear emergency.

USD/CAD hit 0.9974 during early U.S. trade, the pair's highest since February 11; the pair subsequently consolidated at 0.9860, jumping 1.25%.

The pair was likely to find support at 0.9709, Monday's low and resistance at 1.0000, the high of February … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold And Silver Extend Corrections

Posted: 15 Mar 2011 07:24 AM PDT

Gold Should Resume its Uptrend 3/14
Silver Confirms Bullish Continuation…3/14
Gold (XAU/USD)

- Gold continues to consolidate instead of resuming the uptrend. Today's sharp bearish price action suggests the decline can extend lower as it tests the 1390 support area.
- The strong price action suggests that the current C wave can push further than wave equality, and push towards 150%, 161.8% projection, which coincides with the 61.8% retracement. Therefore, support can be found in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jan. OECD Leading Index: Highest Level Since 2007

Posted: 15 Mar 2011 07:19 AM PDT

 
OECD (March 14) — “Composite leading indicators (CLIs) for January 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries. The CLIs for Germany, Japan, and the United States continue pointing to robust expansion relative to trend. Signs of regained growth momentum characterise the CLIs for France and Canada. The CLI for the United Kingdom points to a slow but stable pace of expansion. The CLI for Italy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Appetite Takes A Beating

Posted: 15 Mar 2011 06:52 AM PDT

Investors are falling over each other desperate to sell assets and hold cash and bonds on this infamous anniversary of the death of Julius Caesar. He was warned ahead of time by a seer to “beware the ides of March.” Investors have been slow to respond to the Japanese crisis but have stepped up reaction as the situation becomes grave at Fukushima Dai-Ichi power plant within 140 miles of Tokyo. On his way to the theater in Pompey that day Emperor Caesar met the seer and noted with gladness that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cello Group Boosts US Healthcare Market Exposure With MedErgy Acquisition

Posted: 15 Mar 2011 03:25 AM PDT

AIM listed marketing specialist Cello (LON:CLL) has agreed a deal to acquire MedErgy HealthGroup Inc., a healthcare communications consulting company based in Pennsylvania, US. The deal is part of a strategy by Cello to advance its presence in the US healthcare sector. In an interview with Stockopedia last September, Cello's chief executive Mark Scott, said North America was a priority for acquisitions because many of the key decision makers involved in initiating research contracts among its … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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