Tuesday, April 5, 2011

DailyMarkets.com - Hilton HHonors Credit Card – What Are Its Drawbacks?

DailyMarkets.com - Hilton HHonors Credit Card – What Are Its Drawbacks?

Hilton HHonors Credit Card – What Are Its Drawbacks?

Posted: 05 Apr 2011 07:35 AM PDT

Want a Hilton card with  no annual fee? The Hilton HHonors Credit Card issued by Citi (NYSE:C) is what you’re looking for. It is a Visa (NYSE:V) card with no annual fee for US consumers (including business owners) who want to earn points on their everyday spending and later exchange them for free nights at Hilton hotels around the world.

The Citi Hilton HHonors Credit Card is one of the few hotel rewards cards in the US that doesn’t have any annual fee. Below I’ll give you a highlight of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 05 Apr 2011 07:21 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: 05 Apr 2011 07:20 AM PDT

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

U.S. ISM Non-manufacturing PMI Drops Unexpectedly In March

Posted: 05 Apr 2011 07:07 AM PDT

Forex Pros – Service sector activity in the U.S. declined unexpectedly in March, industry data showed on Tuesday.<br /><br />In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index fell to 57.3 in March, compared to a reading of 59.7 in February.<br /><br />Analysts had expected the index to rise to 60.0 in March. <br /><br />On the index, a reading above 50.0 indicates the non-manufacturing sector economy is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Close To 10-month High On Divergent Rate Views

Posted: 05 Apr 2011 07:07 AM PDT

Forex Pros – The euro was trading close to a 10-month high against the yen on Tuesday, as the European Central Bank looked almost certain to hike interest rates later in the week, in contrast to rate outlook for the Bank of Japan.<br /><br />EUR/JPY hit 119.93 during early U.S. trade, the pair&rsquo;s highest since Friday; the pair subsequently consolidated at 119.83, gaining 0.26%.<br /><br />The pair was likely to find support at 117.66, Friday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Energy Makes Investment Easy

Posted: 05 Apr 2011 07:06 AM PDT

Duke Energy Corporation (NYSE:DUK) has launched PremierNotes that will provide opportunity to the individuals and other qualified investors to make direct investments in new debt of the company.
PremierNotes will have interest rate set at least a quarter of a percentage point higher than the average rate of taxable U.S. money-market mutual funds, which will be based on published weekly rates.
The persons investing with the minimum required balance of $1,000 will be eligible to receive convenient … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF’s Breakout Targets Are 0.9350 And 0.9110

Posted: 05 Apr 2011 07:02 AM PDT

Positive US Jobs Data Whips the Greenback (4/2 Video)
USD/CHF

Short Term- The USD/CHF is in a near-term rally from 0.9190 the current support pivot. On the upside however, we see the 0.9273 as an important pivot because of the way it was rejected there 3/30. A break above 0.9273 suggests a retest of the 0.9340 high and possibly higher as the market would be extending a short-term uptrend to a more intermediate time-frame.
- Note that this would bring the RSI in the 1H and 4H chart back above … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Two Americas: Public Vs. Private Employees

Posted: 05 Apr 2011 07:00 AM PDT

1. “If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government (see … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Benihana Reports Higher Sales

Posted: 05 Apr 2011 06:55 AM PDT

The largest U.S. chain of Japanese restaurants, Benihana Inc (NASDAQ:BNHN), posted restaurant sales of $27.9 million for the four-week period ending March 27, 2011, up 7.0% from $26.1 million recorded in the year-ago period.  The increased sales were driven by higher customer visitation.
The company's comparable restaurant sales climbed 7.0% for the same period, representing the fourteen consecutive period of growth. In the first and second four-week period of the fourth quarter of 2011, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

APD Raises Product Prices

Posted: 05 Apr 2011 06:55 AM PDT

Effective May 1, 2011, Air Products and Chemicals Inc. (NYSE:APD) will increase prices of its Tomamine, Tomadry, Tomadyne, Tomadol, Nonidet and Nonatell surfactants by $0.05 per pound driven by increase in raw material costs.
On April 1, 2011, Air Products also increased the prices globally up to 5% for its range of epoxy curing agents, accelerators and adhesion promoters, and up to 10% for diluents and specialty resins.
Air Products is the world's largest supplier of hydrogen and helium and has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Hikes Rates Another 25 Basis Points, Can It Usher In Some Risk Aversion?

Posted: 05 Apr 2011 06:53 AM PDT

China concerned about inflation running at 5% decided to raise interest rates by another 25 basis points bringing its benchmark on year lending rate to 6.31%, from 6.06%. The one-year deposit rate rises to 3.25% from 3%.
The hike, coming midway through the European session,  came as a bit of surprise. When China raises rates it can cause some worries about global growth, knowing how important China is to global demand right now. That weighed on a currency like the Australia Dollar, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/GBP In Channel Breakout; 50% Retracement At 0.86

Posted: 05 Apr 2011 06:41 AM PDT

EUR/GBP Still Targets 0.8940; Wave Adjustment (3/31)
EUR/GBP

Short to Medium Term- The Sterling is very strong today int he European session. The EUR/GBP fell sharply below the 0.88 pivot as well as the 200SMA in the 1H chart. Here the RSI also dipped way below 30 for a bearish momentum breakout.
- At least in the short-term this looks to provide some reversal, or a correction to the recent rally.
- The 4H chart also shows the RSI dipping below 30 as well as breaking below a well-defined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lufthansa Selects Pratt Engine

Posted: 05 Apr 2011 06:36 AM PDT

Lufthansa Airlines has selected Pratt & Whitney PurePower PW1100G engine for 30 aircraft from the Airbus A320neo family. The engines will offer improved fuel efficiency, noise reduction and environmental benefits. Each Lufthansa Airbus A320neo aircraft will be powered by two PurePower PW1100G engines.
Deutsche Lufthansa AG is an aviation company with operations worldwide.
United Technologies Corporation (NYSE:UTX) has strong market positions in aerospace/defense and global infrastructure with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Arch Capital Group Ltd., Axis Capital Holdings Limited, National Semiconductor, Pfizer, PartnerRe Ltd., Everest Re Group, Ltd., Transatlantic Holdings, Texas Instruments Incorporated, Vodafone AirTouch Public Limited Company, W.R. Berkley Corporation

Posted: 05 Apr 2011 06:36 AM PDT

 According to a report, Vodafone Group PLC (NYSE:VOD) is selling its 44% stake in French mobile phone company SFR to Vivendi in a deal worth about $11.3 billion

 Shares of Pfizer (NYSE:PFE) gained 0.79% to close at $20.54 after the company agreed to sell its Capsugel unit to KKR & Co. (KKR) for nearly $2.4 billion

 Texas Instruments (NYSE:TXN) and National Semiconductor (NYSE:NSM) announced they have signed a definitive agreement under which the former will acquire National for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Edges Lower Despite Surprise China Rate Hike

Posted: 05 Apr 2011 06:26 AM PDT

Forex Pros – The U.S. dollar edged lower against its Canadian counterpart on Tuesday, despite an unexpected interest rate hike by the People&rsquo;s Bank of China and a dip in oil prices.<br /><br />USD/CAD hit 0.9648 during early U.S. trade, the daily low; the pair subsequently consolidated at 0.9653, slipping 0.16%.<br /><br />The pair was likely to find support at 0.9414, Monday&rsquo;s low and a multi-year low and resistance at 0.9705, Friday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Aussie Loses Footing After RBA Decision, Surprise Chinese Rate Hike

Posted: 05 Apr 2011 06:24 AM PDT

The Aussie weakened slightly in the overnight following a slew of disappointing data from the antipodean nation, as well as surprising data from major trading partner, China. The trade balance, forecasted to show a A$1.2 billion surplus, was in fact a deficit of A$205 million in February, marking the first time that imports were greater than exports in 11-months. Treasurer Wayne Swan suggested that recent natural disasters, specifically flooding in Queensland, have reduced output of commodities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 05 Apr 2011 06:19 AM PDT

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

British Pound: Under Pressure

Posted: 05 Apr 2011 06:19 AM PDT

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

Japanese Yen: Under Pressure

Posted: 05 Apr 2011 06:19 AM PDT

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

Euro: Capped By A Negative Trend Line

Posted: 05 Apr 2011 06:19 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 6, 2011

Posted: 05 Apr 2011 06:18 AM PDT

By ForexMansion.com
 
Following the drop in UK PMI manufacturing to 57.1 in March from the previous 61.5 as seen by data released last week, the spotlight today is going to be on manufacturing and industrial production for the month of March due at 08:30 GMT. The monthly manufacturing reading is predicted to decline to 0.5% from 0.1%, while the annual reading is estimated to retreat to 5.8% from 6.8%. Industrial production is set to slide to 0.4% from 0.5% on the monthly basis and to 4.3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Daily Outlook For April 6, 2011

Posted: 05 Apr 2011 06:17 AM PDT

By ForexMansion.com
 
Inflation data for the Swiss economy are due at 09:15 GMT where CPI for March is expected to a decline on the monthly basis to 0.2% from 0.4% and to steady at 0.5% on the annual scale. So far, Inflation rate is not concerning in the Swiss economy as it is far below the target and thereby may not have large impact on the pair’s movement that may not be affected either by US MBA mortgage Applications due at 11:00 GMT.
However, in the case of a rapid rise in inflation on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Tale Of Two Economies

Posted: 05 Apr 2011 06:16 AM PDT

What does our economic future hold? Great question, right?
Is our economy truly rebounding as much as our equity markets may portend or are we riding high predominantly due to government stimulus similar to an economic anabolic steroid? Is our future as bleak as the numerous and sundry doomsayers would proclaim? Does it appear as if our economy has a split personality or is operating in two different realms? Do you often wonder what others—especially those in Washington—may be seeing if the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TI Snaps Up National Semiconductor

Posted: 05 Apr 2011 06:12 AM PDT

Texas Instruments Inc. (NYSE:NSM) for $6.5 billion in cash. Counter-bids look unlikely, given the 78% premium TI is willing to pay that most prospective buyers would shy away from.
The transaction is subject to the usual regulatory approvals (in this case across 10 countries). Therefore, it may not close for another six to nine months. We therefore do not expect much variation in estimates for the next few quarters, although estimates for 2012 are likely to go up. There is significant … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Financial Chief For Sprint

Posted: 05 Apr 2011 06:11 AM PDT

Sprint Nextel Corp. (NYSE:S) announced the joining of Joseph J. Euteneuer as its Chief Financial Officer (CFO). Euteneuer replaces Bob Brust who is retiring from Sprint.
Before joining Sprint, Euteneuer was the financial chief at Qwest Communication, which was acquired by CenturyLink Inc. (NYSE:CTL) a few days back. Prior to Qwest, Euteneuer also held the post of CFO at XM Satellite Radio Holdings Inc., which merged with Sirius Satellite Radio Inc. Various managerial posts at Comcast Corporation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD In A Double Zig Zag To The 1.63 Fibonacci Cluster

Posted: 05 Apr 2011 06:11 AM PDT

GBP/USD Testing Key Resistance Zone Below 1.62 While Completing ABC Correction (4/4)
GBP/USD

Short to Medium Term- The market failed to break below the 1.6105 pivot and the market followed with a strong push. The 1H chart shows a possible development of a double zig zag.
- If this is the case, this second (a)(b)(c) can extend towards the 1.63 Fibonacci cluster of 78.6% retracement and 150% projection of the first (a)(b)(c) swing.
- Still, the candlestick action is too strong to ignore. We … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SABESP Downgraded To Neutral

Posted: 05 Apr 2011 06:11 AM PDT

We recently downgraded our rating for Companhia de Saneamento Basico do Estado de São Paulo, or SABESP (NYSE:SBS) from Outperform to Neutral.
The company is a public water and sewage services provider in the State of São Paulo, Brazil. As of fiscal year 2010, the company distributed water to approximately 23.6 million people and provided sewage services to more than 20.2 million people.
At fourth quarter end, SABESP's water and sewage connections were approximately 7.3 million and 5.7 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP Surges On UK Services PMI, Is UK Economy Stronger Than Expected?

Posted: 05 Apr 2011 06:07 AM PDT

In the UK today, we saw a blow out Services PMI report, where the index jumped to 57.1 in March from 52.5 in February, completely catching economist forecasts of guard.
The GBP/USD surged on the result, breaking to the 1.6250 area:

This could be coming close to the end of an ABC corrective rally, but, if the 1.6260 area doesn't hold, then that opens up the topside around 1.6380. This is a good report and does put some positive fundamental shine to Sterling. Let's see if it lasts..
For a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell

Posted: 05 Apr 2011 06:00 AM PDT

04/05/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Bull Flag Being Broken. Another Leg Higher?

Posted: 05 Apr 2011 05:39 AM PDT

The GBPUSD bull flag is being broken and that means higher prices.  The high for the day has been broken and the next target is to move above the upper trendline at the 1.6253 level. A move above this level will be an other bullish indication for the pair (see hourly chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Futures Down As Apple Drops; Dow Futures Shed 0.1%

Posted: 05 Apr 2011 05:39 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Tuesday, after China raised its benchmark interest rate for the second time this year and as investors awaited the release of the minutes of the most recent meeting of the Federal Reserve Open Market Committee meeting. <br />&nbsp;<br />Dow Jones Industrial Average futures pointed a loss of 0.11%, the S&amp;P 500 futures indicated a drop of 0.35%, while Nasdaq 100 futures slumped 0.65%.<br /><br … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DryShips Issues Senior Notes

Posted: 05 Apr 2011 05:37 AM PDT

A global shipping company that specializes in carrying dry bulk commodities and drilling rigs, DryShips Inc. (NASDAQ:DRYS) recently announced the issuance of senior notes worth $500 million through private placement.
These senior notes have been registered under the Norwegian Securities Trading Regulation and will only be issued to Norwegian professional investors. Hence, these senior notes will not be issued to U.S investors as these debt instruments will not be registered under the Securities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD – The 1.4140-1.4150 Area Of Support Cluster

Posted: 05 Apr 2011 05:36 AM PDT

EUR/USD Tops Off with Head and Shoulder; Retracement Target: 1.4150 (4/4)
EUR/USD

Short to Medium Term- The EUR/USD invalidated our head and shoulder yesterday, but I mentioned the 1.4250 pivot needed to be broken for further rally. The market never closed above that int he 1H chart, and instead made a more complex, perhaps some would say, double top.
- More importantly the RSI broke below 40, and price action is near a cluster of support factors.
- At 1.4140-1.4150 area there is the 200SMA, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Approaches Intraday Technical Level

Posted: 05 Apr 2011 05:32 AM PDT

For most of the trading day, the EURUSD has been able to stay below the 100 bar MA on the 5 minute chart (blue line in the chart above).  In early NY trade, the price is approaching it and the intraday trendline. This moving average has found sellers  all day. Will it – conbined with the trendline – continue to find the sellers?
A move above this technical level should see buyers with the test of the 38.% at 1.4194 and the 200 bar MA at the 1.4196 level being the next target … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Home Depot In Neutral Lane

Posted: 05 Apr 2011 05:25 AM PDT

We have maintained our long-term ‘Neutral’ recommendation on The Home Depot Inc. (NYSE:HD) with a target price of $39.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock.
Home Depot is the world’s largest home improvement specialty retailer with 2,248 retail stores across the globe, offering a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, and related services.
Moreover, Home Depot … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Gains Ground Vs. Rivals After China Hikes Rates

Posted: 05 Apr 2011 05:05 AM PDT

Forex Pros – The U.S. dollar gained ground against its major counterparts on Tuesday, after a surprise rate hike by China&rsquo;s central bank weighed on the Australian dollar and the euro.<br /><br />During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.35% to hit 1.4168.<br /><br />Earlier in the day, Moody’s Investors Service downgraded Portugal’s sovereign debt rating from A3 to Baa1 and warned that it expected the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Surges To 8-day High, China Rate Hike Effect Slight

Posted: 05 Apr 2011 04:21 AM PDT

Forex Pros – The pound surged to an eight-day high against the U.S. dollar on Tuesday, after a surprisingly strong rise in Britain’s services sector activity renewed expectations for a rate hike by the Bank of England in the coming months.<br /><br />GBP/USD hit 1.6249 during European early afternoon trade, the pair&rsquo;s highest since March 24; the pair subsequently consolidated at 1.6227, gaining 0.60%.<br /><br />Cable was likely to find support at 1.6090, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eaton Vance Receives SEC Green Light For Active ETFs

Posted: 05 Apr 2011 04:00 AM PDT

Eaton Vance has become the latest major fund company to be granted exemptive relief by the SEC for the launch of actively-managed ETFs. Eaton Vance had first filed an application with the SEC on March 5, 2010, more than a year ago. It requested exemptive relief from certain sections of the Investment Company Act of 1940, a necessary step for firms planning to launch active ETFs in the US. The filed order was dated March 30, 2011.
It appears that several firms with long outstanding applications … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex News – Inflation Feared By Central Banks While Markets Move In Different Direction

Posted: 05 Apr 2011 03:53 AM PDT

By ForexMansion.com
 
Central banks continue to weigh heavily on investors as shadows loom. The broad markets are confronted with many risk events that bring divergence within the financial markets. Investors fear being confident, thereby markets turned cautious until some stability signs emerge.
While ECB and BoE are due to released their monetary policy decisions on Thursday, investors will keep an eye on the FOMC minutes later today as well as the ISM non-manufacturing report (for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Losses After Portugal Downgrade

Posted: 05 Apr 2011 03:29 AM PDT

Forex Pros – The euro extended losses against the U.S. dollar on Tuesday, retreating from a five-month high after a one-notch downgrade of Portugal’s sovereign debt rating by Moody’s.<br /><br />EUR/USD hit 1.4159 during European late morning trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 1.4165, shedding 0.38%.<br /><br />The pair was likely to find support at 1.4061, last Friday&rsquo;s low and resistance at 1.4267, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Inches Lower After Moody’s Downgrade Portugal

Posted: 05 Apr 2011 03:17 AM PDT

Forex Pros – The U.S. dollar dipped against the Swiss franc on Tuesday, after a one-notch downgrade of Portugal’s sovereign debt rating by Moody’s and reports that Portuguese banks were pressuring the government to seek a financial bailout.<br /><br />USD/CHF hit 0.9206 during European late morning trade, the daily low; the pair subsequently consolidated at 0.9218, slipping 0.12%.<br /><br />The pair was likely to find support at 0.9174, last Friday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Matra Petroleum Begins Production But More Work Needed On Flow Rates

Posted: 05 Apr 2011 01:01 AM PDT

Matra Petroleum (LON:MTA) , the oil and gas exploration and production company operating in Russia, said this morning that production was under way from both of its existing wells in the Sokolovskoe field. While news of oil sales marks a new development for the company, it is clear that the protracted effort to fix numerous technical problems with wells 12 and 13 has not been fully resolved. The Matra Petroleum share price fell by 3.6% to 3.3p during early trading.

Matra said that neither well … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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