Monday, April 25, 2011

DailyMarkets.com - Rambus Beats, Yet In The Red

DailyMarkets.com - Rambus Beats, Yet In The Red


Rambus Beats, Yet In The Red

Posted: 25 Apr 2011 11:30 AM PDT

Rambus Inc. (NASDAQ:RMBS) posted first quarter 2011 loss per share of 2 cents, surpassing the Zacks Consensus Estimate of a loss of 6 cents. The adjusted loss per share excludes restatement and related legal charges, amortization, non-cash interest expense on convertible notes, gain from a legal settlement and tax gains. Shares dropped 4.90% after the market closed on April 21.
Revenue
Rambus reported total revenue of $62.5 million in the first quarter, down 61.4% from $161.9 million in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Newell Rubbermaid

Posted: 25 Apr 2011 11:30 AM PDT

Newell Rubbermaid Inc. (NYSE:NWL) is scheduled to release its first-quarter 2011 results on Friday, April 29, 2011. The Zacks Consensus Estimate for the quarter is pegged at 28 cents a share, depicting an estimated year-over-year increase of 12%.
Fourth Quarter & Fiscal 2010 Recap
Newell Rubbermaid logged a strong 26.0% growth in fourth quarter 2010 earnings to net 34 cents a share from 27 cents a share in the year-ago quarter. Earnings also outpaced the Zacks Consensus Estimate of 32 cents a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Autoliv Climbing Steadily

Posted: 25 Apr 2011 11:30 AM PDT

Autoliv Inc. (NYSE:ALV) posted a 43% rise in profit to $181.5 million in the first quarter of 2011 from $126.5 million in the same quarter of 2010. On earnings per share basis, the company recorded a profit of $1.93, up 39% from $1.39 a year ago and exceeding the Zacks Consensus Estimate by 19 cents per share.
The increase in profit was attributable to higher sales in all the regions, except Japan and restructuring actions initiated in July 2008. Consolidated sales appreciated 23% to $2.11 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In U.S. Trade

Posted: 25 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0714, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.0540, Wednesday&rsquo;s low, and resistance at 1.0776, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.31% to hit 1.3607 and AUD/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tower Group Estimates Cat Loss

Posted: 25 Apr 2011 11:05 AM PDT

Tower Group Inc. (NASDAQ:TWGP) expects its catastrophic (cat) loss from Northeast U.S. winter storms will be between $6.5 million to $9.8 million or 16 cents to 23 cents per share. Also, the company reiterated its 2011 operating earnings guidance of $2.70 to $2.90 per share. The Zacks Consensus Estimate for 2011 is $2.69.
In 2010, Tower Group reported after-tax catastrophe storm losses of $12.0 million or $0.27 per diluted share. Combined ratio deteriorated 540 basis points year over year to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Texas Capital A Penny Short

Posted: 25 Apr 2011 11:05 AM PDT

Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported first quarter 2011 earnings of 31 cents per share, a penny short of the Zacks Consensus Estimate. The results were, however, well above the prior-year quarter's earnings of 21 cents per share.
While the company experienced an increase in both interest and non-interest income from the prior-year period, higher expenses were the dampener.
Behind the Headline Numbers
Texas Capital's net interest income was $64.5 million, up 17% from $55.2 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Kimberly-Clark Misses

Posted: 25 Apr 2011 11:05 AM PDT

Kimberly-Clark Corporation (NYSE:KMB) has reported results for the first quarter 2011. Earnings for the quarter were $1.09 per share, which was lower than the year-ago quarter earnings by 4.38%.  It missed the Zacks Consensus Estimate of $1.18 by 7.62%.
Profits benefited from sales growth and $60 million in cost savings.
For fiscal 2011, Kimberly-Clark narrowed its earnings guidance to the range of $4.80 to 5.05 per share compared to $4.90 to $5.05 expected previously. The current Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 25 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7994, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 0.7900, Wednesday&rsquo;s low, and resistance at 0.8038, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.06% to hit 1.3400 and EUR/NZD rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Pacific Reports In Line

Posted: 25 Apr 2011 10:40 AM PDT

Canadian Pacific Railway Limited's (NYSE:CP) adjusted earnings per share of 19 cents per share in the first quarter of 2011 was in line with the Zacks Consensus Estimate. However, adjusted earnings of the second largest Canadian railway plunged 66.7% from the year-ago quarter.
Earnings were adversely affected by severe weather conditions, which resulted in reduced shipments and higher cost.
Revenues declined 0.3% year over year to C$1.16 billion ($1.17 billion) and were below the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Accenture To Serve BUD

Posted: 25 Apr 2011 10:35 AM PDT

Accenture plc (NYSE:ACN) has now ventured out to drive efficiency at the world's largest brewer. Last week, Accenture announced that it will collaborate with Anheuser-Busch InBev (NYSE:BUD) on a digital merchandising service targeted to help the brewer's point-of-sale activities. Financial terms of the deal were not disclosed.
Under the terms of the deal, Accenture and AB InBev will pilot a digital merchandise service, which will make point-of-sale activities faster, while increasing product … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Nabors

Posted: 25 Apr 2011 10:35 AM PDT

Global land drilling contractor Nabors Industries Ltd. (NYSE:NBR) is expected to report its first quarter 2011 earnings on Tuesday, April 26, after the market closes. The Zacks Consensus Estimate for the first quarter is a profit of 34 cents per share.
Preceding Quarter Recap
Nabors' earnings per share, excluding one-time items, came in at 44 cents in fourth quarter 2010, surpassing the Zacks Consensus Estimate of 37 cents and way above 12 cents earned in the year-ago quarter. Total revenue in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Interactive Beats Substantially

Posted: 25 Apr 2011 10:35 AM PDT

Interactive Brokers Group, Inc.'s (NASDAQ:IBKR) first quarter 2011 operating earnings per share came in at 41 cents, far better than the Zacks Consensus Estimate of 27 cents. This also compares favorably with the prior-year quarter's earnings of 6 cents. Results for the reported quarter include the effects of currency translation.
On a GAAP basis, Interactive Brokers' first quarter earnings were 38 cents per share compared with 9 cents in the prior-year quarter. This reflects the GAAP … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Noble Disappoints In 1Q

Posted: 25 Apr 2011 10:35 AM PDT

Noble Corporation (NYSE:NE) reported disappointing first quarter 2011 earnings due to lingering concerns related to the drilling ban in the Gulf of Mexico (GoM) last year. The company's adjusted quarterly earnings came in at 15 cents per share, substantially below the year-earlier profit of $1.43 and our expectation of 18 cents per share.
Total revenue in the quarter plunged more than 31% to $578.9 million from $840.9 million in the comparable quarter last year. Reported revenue was above the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PKX Q1 Up Sequentially

Posted: 25 Apr 2011 10:35 AM PDT

Korean steelmaker POSCO (NYSE:PKX) reported its first quarter 2011 financial results on April 22, 2011. Net income jumped 71.3% sequentially to KRW 1,098 billion or KRW 12,585 per share (US$2.82 per ADR). Compared with the year-ago quarter net income fell 20.6%.
Revenue
POSCO reported consolidated revenue of KRW 16,251 billion (US$14.5 billion) in the first quarter, an increase of 66.2% year over year and only a 0.7% modest increase sequentially.
Crude steel production jumped 8.7% year over year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: NZDUSD Between Support And Resistance, But Losing Some Of The Bullish Momentum

Posted: 25 Apr 2011 10:35 AM PDT

The NZDUSD is between support at the 0.7972 level and resistance at the 0.8036 level where a nice ceiling has developed over the last few trading days (see hourly chart above).
The 0.7972 level is equal to the November 2010 old high price (see daily chart below).  Today the price fell and tested the key level for the second time in the last 3 trading days. On Thursday, the price dipped to the level but quickly rebounded.  Today's test took out the 100 hour MA (blue line … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Markets Going To Fluctuate On Earnings”

Posted: 25 Apr 2011 10:35 AM PDT

04/25/11 HudsonView Capital Management’s Cort Gwon weighs in on earnings, the Federal Reserve and the weakening U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sohu Tops On Higher Revs

Posted: 25 Apr 2011 10:05 AM PDT

A leading online brand and Internet portal in China, Sohu.com Inc. (NASDAQ:SOHU) reported strong first quarter 2011 results, driven by solid revenue growth, partially offset by higher expenses.
Earnings per share (EPS) of $1.01 (including stock-based compensation) increased 38.4% from 73 cents in the year-ago quarter. Quarterly EPS also beat the Zacks Consensus Estimate of 97 cents. However, EPS missed the company's guided range of $1.03 to $1.08.
First quarter earnings exclude Sohu's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fare Hike Narrows Loss At United

Posted: 25 Apr 2011 10:05 AM PDT

The largest U.S. airline United Continental Holdings Inc. (UAL) reported first quarter 2011 adjusted loss of 41 cents per share outpacing the Zacks Consensus Estimate by 4 cents. Adjusted earnings showed a substantial 29.3% increase from a loss of 58 cents in the year-ago quarter. Despite higher fuel prices and capacity cuts, earnings improved on increased fares and extra fees.
Adjusted earnings exclude $77 million of special items pertaining to merger-related costs and other one-time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In U.S. Trade

Posted: 25 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6494, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.6308, Wednesday&rsquo;s low, and resistance at 1.6599, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8837 and GBP/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Office Depot

Posted: 25 Apr 2011 09:55 AM PDT

Office Depot Inc. (NYSE:ODP), the supplier of office products, is scheduled to report its first-quarter 2011 financial results on April 26, 2011. The current Zacks Consensus Estimate for the quarter is 3 cents a share. For the quarter under review, revenue is $2,982 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
Office Depot posted better-than-expected fourth-quarter 2010 results. The quarterly earnings of 9 cents per share portrayed a substantial improvement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pool Beats Estimates, Guides Higher

Posted: 25 Apr 2011 09:55 AM PDT

Pool Corp. (NASDAQ:POOL) reported first-quarter 2011 loss of one penny per share, which bettered the Zacks Consensus Estimate of loss of eight cents per share. The results also compare favorably with a loss of 12 cents in the comparable quarter prior year. The improvement was driven by robust top-line growth along with efficient cost management and easier comparison.
The company reported a 16% year-over-year increase in net sales to reach $312.9 million during the quarter, handily beating the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Service Sector Inflation Remains Mild

Posted: 25 Apr 2011 09:53 AM PDT

According to BEA data, the U.S. economy has increasingly become more and more of a service economy (see top chart above).  In the early 1950s, less than half of the national output took place in the private services-producing sector of the economy, and more than 40% in the private goods-producing sector.  Now more than 2 out every three dollars of GDP is produced by private service industries in the U.S. (legal, financial, management, administrative, technical, scientific, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Netflix Inc.

Posted: 25 Apr 2011 09:35 AM PDT

Netflix Inc.(NASDAQ:NFLX) is scheduled to release its first quarter 2011 results on April 25, 2011, after the market closes. We do not see any major variations in analysts' estimates in the run-up to the earnings report.
Prior Quarter Recap
Netflix reported strong fourth quarter 2010 earnings of 87 cents per share that handily beat the Zacks Consensus Estimate of 71 cents and increased 55.4% year over year and 24.3% sequentially.
Revenues in the reported quarter climbed 34.1% year over year and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ESI Beats On Bottom Line

Posted: 25 Apr 2011 09:35 AM PDT

ITT Educational Services Inc. (NYSE:ESI), one of the leading providers of technology-based post-secondary degree programs in the U.S., recently delivered first-quarter 2011 results that beat the Zacks’ expectation. The quarterly earnings of $2.91 per share outpaced the Zacks Consensus Estimate of $2.53, and surged 18.3% from $2.46 per share earned in the year-ago quarter.
ITT Educational registered a decline of 0.2% in revenue to gross $383.2 million compared with $384.0 million in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


New Home Sales Better, Still Bad

Posted: 25 Apr 2011 09:35 AM PDT

New Home Sales in March rose by 11.1% from March, to a rate of 300,000. Relative to a year ago, sales are down 21.9%. While the rebound is more than welcome, it is still a very dismal rate of new home sales.

In additional good news about the direction of new home sales, the February sales levels were revised up to an annual rate of 270,000 from 250,000. That is still the worst month on record, but not by as big a margin. Thus, relative to where we thought we were, it could be seen as a 20.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD In Non Trending Range. 100 Hour Catches Up. Decision Time?

Posted: 25 Apr 2011 09:32 AM PDT

The market trended sharply higher last week but has been non trending over the last two days. The non-trend corresponds with the Good Friday and Easter Monday holiday. The sideways action has allowed the 100 hour MA (blue line in the chart above) to catch up with the price. This typically is a clue that the market has a decision to make.  Does it go higher? or Does it break the MA and go lower? 
The 100 hour MA is currently at the 1.4515 level. This is just below the support from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar Rebounding Following Early AM Drop

Posted: 25 Apr 2011 04:30 AM PDT

04/25/11 Early AM risk appetite tapered off in the afternoon following a decline in US stocks which allowed the dollar to post a slight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BJ’s Beats On Strong Sales Growth

Posted: 25 Apr 2011 09:05 AM PDT

BJ's Restaurants, Inc. (NASDAQ:BJRI) reported first quarter 2011 adjusted earnings of 25 cents per share, which surpassed the Zacks Consensus Estimate of 19 cents and increased 56% from 16 cents posted in the prior-year quarter. The earnings results were driven by strong comparable restaurant sales growth. 
1Q11 Results Highlights
Revenues in the reported quarter climbed 19% year over year to $144.9 million and were also above the Zacks Consensus Estimate of $141.0 million. The upside in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


IGT Beats; Raises Guidance

Posted: 25 Apr 2011 09:05 AM PDT

Shares of International Game Technology (NYSE:IGT) were up 9.31% ($1.52) in after-hours trading due to a year-over-year earnings growth of 21.1% in the second quarter of 2011. Earnings per share (EPS) in the second quarter of 2011 surpassed the Zacks Consensus Estimate of 20 cents by three cents.
Operational Performance
In the second quarter, IGT reported non-GAAP earnings of 23 cents per share, up from 19 cents reported in the prior-year quarter. Net income on a non-GAAP basis was $69.6 million, … [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: 25 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4577, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4355, Wednesday&rsquo;s low, and resistance at 1.4648, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8837 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


C.R. Bard Beats By A Nickel

Posted: 25 Apr 2011 08:26 AM PDT

Leading medical devices maker C. R. Bard (NYSE:BCR) reported first-quarter fiscal 2011 results after the closing bell on April 21, with adjusted earnings per share of $1.51 outshining the Zacks Consensus Estimate of $1.46 and the year-ago earnings of $1.25. Adjusted earnings exclude charges associated with acquisitions. Net income (as reported) jumped 9% year over year to $131.9 million (or $1.49 per share) owing to strong performance of the New Jersey-based company's core vascular … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EZCORP Beats, Raises Outlook

Posted: 25 Apr 2011 08:26 AM PDT

EZCORP Inc. (NASDAQ:EZPW), the second largest operator of pawn stores in the United States, announced second quarter 2011 earnings of 63 cents per share, which surpassed the Zacks Consensus Estimate of 57 cents and rose 31% from the year-ago quarter. Results reflect the benefits of double-digit upside in the top line.
The Austin, Texas-based company reported a year-over-year increase of 19% in total revenue to $131.0 million, as same-store sales grew 12%. Segment wise, U.S. pawn operations sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Hospira

Posted: 25 Apr 2011 08:24 AM PDT

Hospira Inc. (NYSE:HSP) is all set to announce its first quarter 2011 results on Tuesday, April 26, 2011 before market opens. The Zacks Consensus Estimate for the first quarter of 2011 is 79 cents, representing an estimated year-over-year decrease of 16%.
Fourth Quarter 2010 Recap
Hospira had reported disappointing fourth quarter results. The company reported earnings per share of 77 cents for the fourth quarter of 2010, much below the Zacks Consensus Estimate of 93 cents and the year-earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Polar Wireless Signs Deals And Builds Infrastructure

Posted: 25 Apr 2011 08:24 AM PDT

Polar Wireless Signs Deals and Builds Infrastructure

Polar Wireless (BCDI) is a mobile virtual network operator (MVNO), which intends to monetize its proprietary technology. The firm's SIM cards work in conjunction with current providers to eliminate roaming charges without the hassle of changing phone numbers or customer behavior. Fast growing mobile phone technology combined with the up-tick in global travel has made the world a very small space, however high costs and hassles still exist. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Colgate-Palmolive

Posted: 25 Apr 2011 08:24 AM PDT

Colgate-Palmolive Co. (NYSE:CL) is scheduled to release its first-quarter 2011 results on Thursday, April 28, 2011. The Zacks Consensus Estimate for the quarter is pegged at 28 cents a share, representing a year-over-year fall of 54.7%.
Fourth Quarter & Fiascal 2010 Performance
Colgate-Palmolive Company posted fourth-quarter earnings of $1.24 per share, marginally outpacing the Zacks Consensus Estimate of $1.23 and prior-year quarter earnings of $1.21 per share.
For fiscal 2010, the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Initiating Coverage On RegeneRx Biopharma

Posted: 25 Apr 2011 08:24 AM PDT

Initiating Coverage On RegeneRx Biopharma
by Zacks Small-Cap Research

We are initiating coverage of RegeneRx (RGRX) with a 'Neutral' rating. Despite the fact that we are intrigued by the potential to develop multiple therapeutic applications with Thymosin Beta 4, we believe more data is necessary. The lead development program is RGN-259 for dry eyes and neurotrophic keratitis (NK). Preclinical animal data yielded some impressive results in NK and various forms of dry eyes. So much so, that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Watsco Doubles EPS

Posted: 25 Apr 2011 08:23 AM PDT

Watsco Inc. (NYSE:WSO) reported first-quarter 2011 EPS of 21 cents, more than double of 10 cents recorded in the year-ago quarter and above the Zacks Consensus Estimate of 18 cents.
Revenues increased 5% year over year to a record $534 million, though falling short of the Zacks Consensus Estimate of $549 million. Air conditioning and heating (HVAC) equipment (contributing 56% of sales) grew 3% and sales of other HVAC products (36% of sales) went up 4% while commercial refrigeration products (8% of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Life Technologies

Posted: 25 Apr 2011 08:23 AM PDT

Life Technologies (LIFE) is scheduled to release its first quarter fiscal 2011 results on Tuesday, April 26, 2011 after the market closes. The company is expected to earn 85 cents during the quarter on $920 million of revenues, according to the Zacks Consensus Estimate.
Previous Quarter Highlights
Life Technologies reported an adjusted EPS of 90 cents in the fourth quarter of 2010, surpassing the Zacks Consensus Estimate of 86 cents and 13% higher than 80 cents in the year-ago quarter. Growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Key ST Resistance At 99

Posted: 25 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


Japanese Yen: Under Pressure

Posted: 25 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


Euro: Capped By A Negative Trend Line

Posted: 25 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


Swiss Franc: Under Pressure

Posted: 25 Apr 2011 08:18 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: 25 Apr 2011 08:18 AM PDT

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


British Pound: Under Pressure

Posted: 25 Apr 2011 08:17 AM PDT

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


EUR/GBP Completes A Gartley Pattern With An Outside Hourly-Bar

Posted: 25 Apr 2011 08:15 AM PDT

Is the EUR/GBP Anchroing onto a Declining Channel? (4/21)
EUR/GBP

Short-term- The EUR/GBP is see in a rising channel in the 1H chart since Thursday. However, the rally so far has completed a Gartley, or AB=CD pattern, a 3-wave correction, where the first and third are equal.
- The market capitulates the completion of this pattern with an outside bar, almost an engulfing candlestick. The bearish signal however lacks strength.
- If the market can hold below 0.8850, we might see a correction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Rallies Above $113

Posted: 25 Apr 2011 08:15 AM PDT

04/25/11 Front month crude prices were on the upside this session as continued conflict in the Middle East and a weaker dollar led the way for another surge in prices to start the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


New Lows For Gold Silver Relationship And Monthly Views

Posted: 25 Apr 2011 07:59 AM PDT

A lot of traders have been correctly focusing on the skyrocketing rise in Silver prices, but let's look at the chart from a different angle.
The Gold to Silver relationship (a relative strength measure) just hit new lows this week and that's a very big deal.
Let's take a look at the last 30 years and go from there:

The chart below is a "Relative Strength" relationship chart that divides the price of gold (roughly $1,500) by the price of silver (just under $50 right now).
The chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


This Week In The USD: FOMC Meeting, Bernanke, And US 1st Quarter GDP

Posted: 25 Apr 2011 07:57 AM PDT

Recap of Last Week: Dollar Sinks on Various Factors
Last week, the USD saw its worst week in 3 months, as the USD Index fell to its lowest level since the financial crisis of 2008. The main reasons for this USD weakness remains the Fed's ultra-loose monetary policy, strong risk appetite for commodities which is boosting commodity currencies at the expense of the USD, Asian central bank diversification which also works against the greenback, and a rumor that China might announce a one-off … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Stocks Mixed At Open

Posted: 25 Apr 2011 02:45 AM PDT

04/25/11 US stocks kick off the week, on a mixed note. Earnings reports, economic data and the FOMC will be in focus throughout the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Barrick Gold To Buy Equinox Minerals

Posted: 25 Apr 2011 02:30 AM PDT

04/25/11 Barrick Gold says it has agreed to purchase Equinox Minerals Ltd. for roughly $7.7 billion in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up On Economic Data

Posted: 25 Apr 2011 07:25 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.<br/><br/> EUR/USD was trading at 1.4566, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4355, Wednesday&rsquo;s low, and resistance at 1.4648, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Don’t Fear A Pullback In Prices

Posted: 24 Apr 2011 10:00 PM PDT

The S&P credit agency sent shockwaves through the global financial system on Monday when it issued a warning on U.S. debt and changed its outlook on the U.S. sovereign credit rating from "stable" to "negative." This sent markets lower and the prices of commodities such as oil rocketing back above $110 per barrel and both gold and silver to new highs.
It should be clear the S&P announcement was just a warning, not a lowering of the U.S. debt rating, which was affirmed at AAA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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