Friday, April 8, 2011

DailyMarkets.com - China Buys More Of Ford Cars

DailyMarkets.com - China Buys More Of Ford Cars


China Buys More Of Ford Cars

Posted: 08 Apr 2011 12:05 PM PDT

Ford Motor Co. (NYSE:F) posted a 20% rise in sales to 53,440 vehicles in China during March. The company's joint venture partner in China, Chongqing Changan Automobile delivered 42,157 vehicles during the month. This has brought the total sales to 140,566 vehicles for the first quarter of the year, an increase of 19% from the year-ago quarter.
In contrast, Ford recorded a 19% gain in sales to 212,777 vehicles during the same month in the U.S. The company's sales were driven by small cars … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BJ’s Delivers Healthy Sales

Posted: 08 Apr 2011 12:05 PM PDT

BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales for the five-week period ended April 2, 2011.
After registering a growth of 5.5% in February 2011, BJ's experienced comparable club sales growth of 5.3% in March. Rising gasoline prices positively impacted comparable club sales by 4% during the five-week period. The company indicated that it had posted comparable club sales growth of 10.6% in the prior-year period. For the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Alliance Inks Deal With Sycle

Posted: 08 Apr 2011 11:50 AM PDT

Alliance Data Systems Corporation (NYSE:ADS) has inked a long-term deal with Sycle, LLC to offer credit services for hearing devices and related services to the latter's patients.
Headquartered in San Francisco, Sycle (also known as Sycle.net) provides online, real-time, multi-location appointment scheduling and one-to-one marketing and patient relationship management systems to nearly 4,000 hearing care clinics throughout the United States, and is the largest and fastest-growing audiology … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


P.F. Chang’s Expands To Canada

Posted: 08 Apr 2011 11:35 AM PDT

Scottsdale, Arizona-based P.F. Chang’s China Bistro, Inc (NASDAQ:PFCB), which owns and operates two restaurant concepts P.F. Chang's China Bistro (Bistro) and Pei Wei Asian Diner (Pei Wei), recently inked a deal with Interaction Asian Restaurants L.P to expand to Canada. Interaction Asian is headed by Michael Aronovici, who holds a key position in other restaurant companies in Canada.
As per the agreement, P.F Chang's is expected to open Bistro restaurants in the eight Canadian provinces namely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pipeline Progress At Regeneron

Posted: 08 Apr 2011 11:35 AM PDT

Recently, Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) and partner Bayer (BAYRY) announced the commencement of a phase III study (VIVID-DME) to evaluate the safety and effectiveness of their VEGF (vascular endothelial growth factor) trap-eye treatment. The late-stage study will evaluate patients suffering from Diabetic Macular Edema (DME).
DME refers to a disease of the retina that affects individuals suffering from diabetes and can lead to blindness. Positive results of VEGF trap-eye from a phase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Toys ‘R’ Us Defers IPO

Posted: 08 Apr 2011 11:35 AM PDT

According to insider sources familiar with the situation, Toys 'R' Us – a leading global retailer of dedicated toys and baby products, has deferred its initial public offering (IPO) scheduled for April 2011. The company has reportedly filed for an IPO of about $800 million but is yet to finalize it's timing. Toys 'R' Us had earlier planned to file for an IPO in May 2010, but later discarded the plan.
The strategic move is the latest ploy by the string of private equity firms that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


POSCO Issues $700M Notes

Posted: 08 Apr 2011 11:35 AM PDT

Korean steelmaker POSCO (NYSE:PKX) recently issued senior unsecured notes worth $700 million, maturing April 14, 2021. The notes were issued in a private placement market at an issue price of $99.5930.
The notes carry a coupon rate of 5.25% to be paid semi-annually by the company. Earlier in the fourth quarter of 2010, the company had raised funds by issuing $700 million worth of 10-year global bonds. POSCO's long-term debt balance exiting the fiscal year 2010 grew 14.6% year over year, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Toyota To Resume Production

Posted: 08 Apr 2011 11:35 AM PDT

Toyota Motor Corp. (NYSE:TM) revealed that it will resume production at all its plants in Japan at half capacity from April 18 to 27. The automaker suspended its production at all the 18 plants in Japan from March 14 to 26 after the earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies' plants, leading to a shortage in components supply.
Production resumed at only two plants in Japan since March 28 that build Toyota and Lexus cars. Those plants are assembling a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hot Option Plays: Banks Active Ahead Of Earnings

Posted: 08 Apr 2011 11:18 AM PDT

Cusick’s Corner
There really is not much that I can bring to light today other than this market is clearly at a resistance point where most market traders and watchers are taking the road most traveled — up. But the volume continues to be pathetic so there is no conviction. With the looming shutdown, there are sideline bets being made, possibly resulting in some hedging taking place into the weekend. If you take a look at the S&P 100 (OEX) Put/Call Ratio, we are seeing that institutions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In U.S. Trade

Posted: 08 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0547, up 0.75% at time of writing.<br/><br/> The pair was likely to find support at 1.0289, Tuesday&rsquo;s low, and resistance at 1.0552, 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 0.18% to hit 1.3693 and AUD/JPY rising 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Most Things Priced In…no Voltility”

Posted: 08 Apr 2011 11:08 AM PDT

04/08/11 OnPoint Executions’ Bobby Heller weighs in on the price action in US equity markets, crude oil and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bon-Ton’s March Sales Plunge

Posted: 08 Apr 2011 11:05 AM PDT

Bon-Ton Stores Inc. (NASDAQ:BONT) reported total sales of $254.5 million in March 2011, which dropped 6.6% from $272.4 million in March 2010. The company's comparable store sales fell 6.1% for the month. The decline in revenues was due to the calendar shift of Easter from March to April in the current year, resulting in sluggish sales particularly in the apparel category.
In the month of March, the categories that performed well are fine jewelry, furniture and cosmetics. The company's eCommerce … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 08 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.7822, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 0.7660, Monday&rsquo;s low, and resistance at 0.7834, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.25% to hit 1.3475 and EUR/NZD rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Electronic Arts To Film Mass Effect

Posted: 08 Apr 2011 10:40 AM PDT

Electronic Arts Inc.(NASDAQ:ERTS) recently signed a deal with animation company FUNimation Entertainment, to create an animation feature film based on Mass Effect, an immensely popular video game franchise.
BioWare, a division of EA, is spearheading the project, where T.O Entertainment Inc. is the co-producer. Production of the movie has already begun and is scheduled to release in the summer of 2012.
Mass Effect is a science-fiction action and adventure game set in the year 2183 when humans have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Time Warner Cable To Fight Lawsuit

Posted: 08 Apr 2011 10:35 AM PDT

Time Warner Cable Inc. (NYSE:TWC), the second-largest cable operator in the U.S. recently got involved in a legal tussle with a leading entertainment company Viacom (NYSE:VIA) regarding the streaming of cable TV shows on iPad.
It all started last month, when Time Warner Cable launched a new application that allowed cable television streaming for its subscribers on the iPad while at home. But few media entertainment companies like Discovery Communications Inc.(DISCA), News Corp.’s (NWSA) Fox Cable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Rally Continues Vs. Dollar

Posted: 08 Apr 2011 05:30 AM PDT

04/08/11 The euro continued to rise this afternoon against the dollar on growing speculation the Federal Reserve will trail behind other central banks in raising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rare Earth Stocks Heating Up As U.S. Pushes For Domestic Supply Chain

Posted: 08 Apr 2011 10:11 AM PDT

(This is an excerpt of an archived daily bulletin to my premium readers.  Try a month for free by clicking here.)
There have been major developments occurring this week in the rare earth arena, which could hold significance for the expansion into Europe of Molycorp (MCP) and the development of a US domestic supply chain of rare earths (Market Vectors Rare Earth/Str Metals ETF (REMX).
Molycorp is fast becoming the Stella Polaris of the rare earth complex. It announced its takeover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Darden Remains Neutral

Posted: 08 Apr 2011 10:05 AM PDT

We maintain our long-term Neutral recommendation on Darden Restaurants Inc. (NYSE:DRI) on a host of factors.
 Darden's strong value proposition, menu improvements, extensive advertising and excellent unit-level execution with differentiated brands position it well for growth. The company's value-for-money entrees give it an advantage in the highly competitive casual dining industry.
Darden is one of the few casual dining chains that expanded during the economic downturn and tried new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Akamai Streams NCAA Championship

Posted: 08 Apr 2011 10:05 AM PDT

A leading provider of cloud optimization services, Akamai Technologies Inc. (AKAM) announced that the Akamai HD Network exclusively streamed the 2011 NCAA March Madness On Demand (MMOD).
NCAA March Madness On Demand (MMOD) covers the NCAA Division I Men’s Basketball Championship and was provided by Turner Sports and CBS Sports. Turner Sports is a division of Turner Broadcasting System, Inc. and all the games were broadcasted on four networks TBS, CBS, TNT and truTV.
Akamai's global network … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oracle To Support Banco Database

Posted: 08 Apr 2011 10:05 AM PDT

Oracle Corp. (ORCL) recently announced that one of the leading retail and commercial banks of Brazil, Banco Santander has chosen Oracle Exadata Database Machine to integrate the operations of Banco Real, which it acquired in August 2009.
The Brazilian division of the Spain-based global financial services firm was facing integration problems due to the huge amount of data that it was required to handle after the merger.
The challenges faced by the company included growing data volumes, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In U.S. Trade

Posted: 08 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6346, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6427, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.66% to hit 0.8824 and GBP/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Close Higher; Dax Up 0.53%

Posted: 08 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were up after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.53%, London&rsquo;s FTSE 100 gained 0.81%, France&rsquo;s CAC 40 climbed 0.83% and the EURO STOXX 50 was up 0.71%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.16%; the S&P 500 index shed 0.14%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up Toward The End Of European Session

Posted: 08 Apr 2011 09:40 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4421, up 0.79% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4444, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.71% to hit 0.8828 and EUR/JPY rising 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Nordstrom Comps Going Strong

Posted: 08 Apr 2011 09:35 AM PDT

Same-store sales at Nordstrom Inc. (NYSE:JWN) grew by 5.1% for the five-week period ended April 2, 2011. Total retail sales in March 2011 improved 10.1% to $897 million from $815 million in March 2010.
As of April 7, 2011, Nordstrom had 115 stores, 91 Nordstrom Racks, 2 Jeffrey boutiques and 1 clearance store. Same-store sales at Nordstrom stores (includes Nordstrom full-line stores and Direct) increased 5.5% in March while Nordstrom Rack reported a minimal decline of 0.1%.
Quarter to Date
Quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up Toward The End Of European Session

Posted: 08 Apr 2011 09:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 85.02, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.88% to hit 1.4434 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Weekly Outlook – If 0.88 Becomes Support, 0.8940 And 0.9140 Is In Sight

Posted: 08 Apr 2011 09:18 AM PDT

EUR/GBP in Channel Breakout; 50% Retracement at 0.86 (4/5)
EUR/GBP

Short to Medium Term- The EUR/GBP is accelerating and chances are, we already completed an ABC correction. In the Elliott Wave model, it would have been an expanded flat.
- The RSI in the 4H chart broke above 60, and is threatening to crack 70 soon. This would help build the case for bullish continuation, and the count that we are in wave 3 at the moment.
- In this scenario, we need to see the market supported above 0.88.
-The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Alcon Shareholders Approve Merger

Posted: 08 Apr 2011 09:05 AM PDT

Alcon Inc. (NYSE:ACL) recently announced that its shareholders have approved of the company's merger with Novartis AG (NYSE:NVS). Per the terms of the merger agreement, Alcon shareholders will receive 2.9228 Novartis shares or American Depositary Shares (ADS) along with a cash payment of $8.20 for each share that they hold.
We note that the completion of the merger is subject to approval by the Novartis shareholders.
The Alcon board had approved the merger in December last year, following a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CareFusion Acquires New Technology

Posted: 08 Apr 2011 09:05 AM PDT

CareFusion Corporation (CFN), a worldwide medical technology company, recently stated that it has obtained a technology, the patented Pyxis EcoStation system, which will automate the separation of pharma-related waste. Such know-how will assist hospitals cut down expenses, enhance regulatory control and further environmental responsibility. 
CareFusion has grown its Pyxis medication management portfolio with the Pyxis EcoStation (a software and hardware system that enables hospitals … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pinnacle West Stays Neutral

Posted: 08 Apr 2011 09:05 AM PDT

We maintain our Neutral outlook on Pinnacle West Capital Corp. (NYSE:PNW). Our cautious stance is primarily determined by the electric utility's dependence on comprehensive regulation by several federal, state and local regulatory agencies. These regulations considerably influence the operating performance of the company, particularly of its subsidiary, Arizona Public Service (“APS”), and its ability to fully recover costs from utility customers in a timely manner.
The positive catalysts for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 08 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4438, up 0.91% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4444, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.80% to hit 0.8836 and EUR/JPY rising 0.99% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up Toward The End Of European Session

Posted: 08 Apr 2011 08:55 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6341, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6427, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.80% to hit 0.8836 and GBP/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rite Aid Misses As Charges Rise

Posted: 08 Apr 2011 08:35 AM PDT

Leading drugstore chain operator Rite Aid Corp. (NYSE:RAD) posted a net loss of $205.7 million in the fourth quarter of fiscal 2011, compared with a loss of $208.4 million in the year-ago period. The quarterly loss per share of 24 cents though in line with the prior-year figure came in higher than the Zacks Consensus Estimate of a loss of 21 cents per share. Higher termination and impairment charges offset the positive impact from improved gross margin coupled with lower selling, general and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Rallies On Libyan Conflict

Posted: 08 Apr 2011 08:30 AM PDT

04/08/11 With Libyan fighting damagin oil fields and the US dollar continuing to decline, front month crude prices continue to rise this session by trading near $112 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The European Session

Posted: 08 Apr 2011 08:30 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4436, up 0.89% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4444, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8821 and EUR/JPY rising 1.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: The Downside Prevails

Posted: 08 Apr 2011 08:19 AM PDT

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


Australian Dollar: Under Pressure

Posted: 08 Apr 2011 08:19 AM PDT

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


DELL To Enrich Cloud Services

Posted: 08 Apr 2011 08:16 AM PDT

Dell Inc. (NASDAQ:DELL) has long been working to go beyond its traditional PC and server business into the higher-end data storage market. Dell is now planning to spend a handsome $1.0 billion to build its cloud computing business.
Dell expects to open 12 data centers by the end of this year and 10 more within the next fiscal year. Equipped with the latest technology solutions and services, the new data centers will help customers better manage their technology budgets through less emphasis on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wells Fargo Sheds Jobs

Posted: 08 Apr 2011 08:16 AM PDT

With a slowdown in mortgage refinancing and home loans, Wells Fargo & Co.(NYSE:WFC) is shedding 1,900 employees from its mortgage unit, according to media reports. This represents less than 1% of its total workforce.
Employees were informed about their job cuts last month and they were given a 60 days notice. Most of the positions that Wells Fargo is laying off involve temporary while only a few were in servicing operations. The company might also transfer some of the employees to other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pay Hike For JPMorgan CEO

Posted: 08 Apr 2011 08:16 AM PDT

According to the regulatory documents filed on Thursday, JPMorgan Chase & Co. (NYSE:JPM) stated that it has raised its CEO, Mr. Jamie Dimon's total compensation by more than 50% for 2010. The CEO's pay surged to $23 million in 2010 as against $15.2 million in 2009.
JPMorgan announced that its CEO's pay packet included $1 million as base salary (unchanged from prior-year), $17 million as restrictive stock awards (up 20% year over year), and $5 million as cash bonus (resumed after 2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PNC Hikes Dividend, Plans Buyback

Posted: 08 Apr 2011 08:16 AM PDT

PNC Financial Services Group Inc. (NYSE:PNC) is the latest bank to raise its dividend and announce share buyback plans. With this move, the company joins the bandwagon of Wall Street banks that won Federal regulators approval and hike dividends following the second round of stress test results.
PNC's board of directors declared a 250% increase in quarterly cash dividend and its intention to buy back up to $500 million of common stock during the remainder of 2011.
The company will now pay a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HTC Sees Quarterly Net Income Nearly Triple

Posted: 08 Apr 2011 03:00 AM PDT

04/08/11 Smartphone maker HTC Corp. announced Friday that its quarterly net income nearly tripled on strong demand for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: US Stocks Gain At Open

Posted: 08 Apr 2011 07:55 AM PDT

04/08/11 US equities posted a modest gain, as commodities extended gains. Crude oil topped $111/bbl, and gold soared to new record … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


WSJ Interactive Map/Graphic Of Global Int. Rates

Posted: 08 Apr 2011 07:47 AM PDT

Here’s a really interesting interactive WSJ map/graphic of global central bank interest rates, on a monthly basis  back to May 2004.  If you watch the monthly time series, you’ll see that the U.S. Fed started lowering interest rates in September 2007, about a year ahead of the interest rate cuts in Europe that started in October 2008.  Now the ECB has moved ahead of the Fed by raising rates this month by a quarter point to 1.25%, thus the title of the graphic “Europe’s Rate Rise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up In European Trading Hours

Posted: 08 Apr 2011 07:40 AM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 139.42, up 0.59% at time of writing.<br/><br/> The pair was likely to find support at 135.20, Monday&rsquo;s low, and resistance at 140.02, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.38% to hit 1.6384 and EUR/GBP rising 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Weekly Outlook: Getting Clues For The Intermediate Term Direction

Posted: 08 Apr 2011 07:33 AM PDT

USD/CHF's Breakout Targets are 0.9350 and 0.9110 (4/5)
USD/CHF

Short Term to Medium Term- The USD/CHF indeed is near the 0.9110 level now after breaking below the central equilibrium at 0.9190, as anticipated in an earlier post.
- The 0.9090 level is going to be very important for us to end this week and to start the next. The direction of the market since March 25 has been sideways.
- If the 0.9090 level holds, and the market breaks back above 0.9190, then we remain in ranging action with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Greg Kuenzel On The Exploration Trail In Austria With Noricum Gold

Posted: 08 Apr 2011 04:26 AM PDT

Eight years ago, Greg Kuenzel swapped life as corporate finance advisor in Perth, Western Australia, for an opportunity to join the Australian mining crowd in London. Having spent several years working with small exploration companies he had developed a taste for the sector and has since been involved in a number of junior resource stocks. Last December he brought his latest venture to the Alternative Investment Market. As the chief executive of Noricum Gold (LON:NMG), Kuenzel is eyeing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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