Thursday, April 14, 2011

DailyMarkets.com - Which Capital One Delta Credit Card Should Canadians Get?

DailyMarkets.com - Which Capital One Delta Credit Card Should Canadians Get?

Which Capital One Delta Credit Card Should Canadians Get?

Posted: 14 Apr 2011 07:35 AM PDT

Are you a Canadian who often flies on Delta Air Lines (NYSE:DAL) and are looking for a way to rack up air miles on your credit card spending so that you can later get free or cheap air tickets? In that case, I think that you should consider getting a Delta credit card so that you will be able to enjoy multiple benefits such as bonus miles when making your first purchase, extended warranty, price protection, purchase assurance, travel accident insurance and many others.

In Canada, Delta has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Too Much Heat For Wheat?

Posted: 14 Apr 2011 07:19 AM PDT

Today’s Idea
The continued dryness seen in the southern and southwestern parts of the Great Plaines is mainly affecting the Hard Red Winter Wheat (HRW) crop traded on the Kansas City Board of Trade (KCBT). A quick look at the daily chart for the July KC Wheat futures shows some chart support near the 835.00 to 840.00 area. Some traders who are considering going long KC Wheat if prices pull back towards this support point may wish to explore selling puts in KC Wheat with a strike price near … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Souring On Sugar?

Posted: 14 Apr 2011 07:19 AM PDT

Today’s Idea
The Sugar market has been supported by extremely tight supplies over several years, but sizable crops in Brazil, Thailand and India could quickly ease supply concerns. The sizable fund position is also a concern for long spec positions if a fund liquidation ensues. Technically, July Sugar is in a vulnerable position after confirming a bearish breakout from a wedge and approaching a near-term support level. Some traders may wish to consider a bear put spread, buying the June Sugar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes: Assessing The Euro In EUR/GBP, EUR/JPY, EUR/CHF And Other Crosses

Posted: 14 Apr 2011 07:17 AM PDT

All eyes have been on the EUR/USD, which is consolidating its 2011 strength, but whether its correction will be significant depends on how resilient the EUR is. Let's take a look at the EUR/GBP, EUR/JPY, EUR/CHF, EUR/CAD, EUR/AUD and EUR/NZD.
EUR/GBP
- Current decline looks like a correction after an impulse wave according to the current Elliott Wave count. The 61.8% retracement level of the 5-wave upswing is near 0.88. We should find support here.
- The bearish scenario opens up if there is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Is Approaching Some Key Resistance

Posted: 14 Apr 2011 07:15 AM PDT

The 100 and 200 bar MA on the 5 minute chart is at 1.4443 currently

The 100 hour MA currently comes in at the 1.4453 level. 

If you are inclined to sell the EURUSD or take some profit, this level should provide some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Erases Losses After Weak U.S. Jobs, Inflation Data

Posted: 14 Apr 2011 07:12 AM PDT

Forex Pros – The euro erased losses against the U.S. dollar on Thursday, pulling back from a four-day low after U.S. data showing that jobless claims rose unexpectedly last week and producer price inflation rose less-than-expected in March.<br /><br />EUR/USD clawed back up from 1.4366, the pair&rsquo;s lowest since April 8; to hit 1.4447 during early U.S. trade, easing up 0.03%.<br /><br />The pair was likely to find support at 1.4290, the low of April 8 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unum Reiterated At Neutral

Posted: 14 Apr 2011 07:06 AM PDT

Owing to unemployment and sluggish economic recovery that are expected to delay new business accrual and exert pressure on premium growth coupled with low interest rates that are expected to impact investment income and reserving practices, we reiterate out Neutral recommendation on Unum Group (NYSE:UNM).
Unum's fourth quarter earnings lagged the Zacks Consensus Estimate due to soft performance at Unum UK and Colonial Life.
Unum’s U.S. segment, which accounts for a major portion of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, April 14, 2011 Special Alert CSCO

Posted: 14 Apr 2011 07:05 AM PDT

We are going to add intra-day to our watch list an additional position in Cisco Systems (symbol: CSCO) at the current intra-day price of $17.12. We now have two positions in our watch list for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Great TED Talk On Inspirational Leadership

Posted: 14 Apr 2011 06:56 AM PDT

Simon Sinek has a simple but powerful model for inspirational leadership all starting with a golden circle and the question "Why?" His examples include Apple, Martin Luther King, and the Wright brothers — and as a counterpoint Tivo, which (until a recent court victory that tripled its stock price) appeared to be struggling.

HT: Bob … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Research In Motion Remains Neutral

Posted: 14 Apr 2011 06:55 AM PDT

We reaffirm our long-term Neutral recommendation on Research In Motion Ltd. (NASDAQ:RIMM).  The company declared mixed financial results for the fourth quarter of fiscal 2011. Although EPS beats the Zacks Consensus Estimate, revenue was below the estimate. Management provided a weak outlook for the ensuing first quarter of fiscal 2012. Ever since the legendary iPhone of Apple Inc. (NASDAQ:AAPL) hits the market, Research In Motion started losing its leadership position.
 For the last couple of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CB&I Wins Tech Deal

Posted: 14 Apr 2011 06:36 AM PDT

Lummus Technology, a part of Chicago Bridge & Iron Company (NYSE:CBI), has been awarded a contract by Kazakhstan Petrochemical Industries Inc. for the license and basic engineering design work of a propane dehydrogenation unit and a polypropylene plant.
The two units have a design capacity of 500,000 metric tons per annum each. Propylene is a key input for producing a variety of products including polypropylene, a plastic used for household goods.
CB&I is a worldwide provider of fully … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: ADTRAN, Citigroup, Eagle Rock Energy Partners, L.P., General Motors, GTx, J P Morgan Chase & Co, Mesabi Trust, Regeneron Pharmaceuticals, Riverbed Technology, Silgan Holdings

Posted: 14 Apr 2011 06:36 AM PDT

 ADTRAN, Inc. (NASDAQ:ADTN) reported Q1 EPS of $0.52, ahead of the Zacks Consensus Estimate for $0.47 per share. Revenue for the quarter increased 30% year-over-year to $165.52 million, beating the Zacks Consensus Estimate for $163.0 million

 JPMorgan Chase & Co (NYSE:JPM) reported Q1 EPS of $1.28, ahead of the Zacks Consensus Estimate of $1.15 per share. Revenues for the quarter were $25.22 billion, above the Zacks Consensus Estimate of $25.406 billion

 Mesabi Trust's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Veolia To Recycle Water For PXP

Posted: 14 Apr 2011 06:36 AM PDT

Veolia Water, the water division of Veolia Environnement S.A. (NYSE:VE), has been selected to design, build and operate a 45,000 barrel- per-day (Bbls/d) produced water reclamation facility in California for Plains Exploration & Production Company (NYSE:PXP). Located in Plains' Arroyo Grande Oilfield in San Luis Obispo County, California, the facility will be supervised by Veolia Water under a 12-year performance agreement.
Per the agreement, Veolia Water will provide operations and maintenance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Hits 7-day High As Oil Retreats On Weak U.S. Data

Posted: 14 Apr 2011 06:33 AM PDT

Forex Pros – The Canadian dollar fell to a seven-day low against its U.S. counterpart on Thursday, as oil, Canada&rsquo;s largest export, retreated following government data showing that U.S jobless claims rose unexpectedly last week.<br /><br />USD/CAD hit 0.9669 during early U.S. trade, the pair&rsquo;s highest since April 5; the pair subsequently consolidated at 0.9654, gaining 0.32%.<br /><br />The pair was likely to find support at 0.9584, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Yen Gains As Currency Markets Shift To ‘Risk-Off’ Phase

Posted: 14 Apr 2011 06:31 AM PDT

The Yen gained in the overnight session as the currency markets appeared to have switched to a 'risk-off' phase, with the commodity currencies taking the biggest hit amid news that the Chinese housing market appears to have bottomed out last month amid tighter lending conditions. Similarly, speculators are ramping up bets on further People's Bank of China rate hikes, which historically has been bullish for the Yen. Aiding the Yen's gain against the US Dollar were poor jobs claims data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

10-Year History Of PPI Inflation Update

Posted: 14 Apr 2011 06:25 AM PDT

Based on today’s PPI report from the BLS, the charts above are updated from last month’s CD post on producer price inflation where I suggested that it’s hard to make a strong case for producer price inflation when looking at a 10-year history of the PPI and its three main components.  

The 12-month inflation rate of the crude material component of the PPI has been trending downward, and is less than half of the rate compared to a year ago, and about one-third the peak for crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sovereign Debt Fears Hurt EUR, Singapore Tightens Policy, USD Down On Data

Posted: 14 Apr 2011 06:23 AM PDT

The forex market saw the Euro sold off overnight amid growing concerns about the Euro-zone periphery nations in regards to sovereign debt. European equities were down today, and the risk aversion that was prevalent overnight helped to boost safe haven currencies like the Japanese Yen and Swiss Franc at the expense of currencies tied to upbeat sentiment such as the Australian and New Zealand Dollars.
Euro Gets Slammed by Sovereign Debt Concerns -
We wrote about the switch in momentum … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD In A Pullback From 1.4360

Posted: 14 Apr 2011 06:12 AM PDT

Forex Notes: USD-Weakness Assessment…(4/13)
EUR/USD

Short-Term to Medium Term- Instead of breaking to the upside when the EUR/USD was seen in a triangle, the market pushed it below the 1.4430 pivot, and the market fell to the next, 1.4380. It bounced from 1.4360 and is now in a pullback.
- This pullback can offer clues to whether the triple top seen in the 1H chart will truly be a top. However, a break back above 1.4460 is a warning of bullish continuation, and a break above 1.4490 should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Goldman

Posted: 14 Apr 2011 06:07 AM PDT

The Goldman Sachs Group Inc. (GS) is scheduled to report its first-quarter 2011 results before the market opens on Tuesday, April 19. The Zacks Consensus Estimate for the first quarter is 75 cents per share, representing a decline of about 86.58% from the year-ago quarter.
We expect Goldman to benefit from its well managed global franchise, strong capital base and industry leading position in trading and asset management. Though the company recorded reduced equity trading and overall revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shaw’s In Line 2Q Amid Competition

Posted: 14 Apr 2011 06:07 AM PDT

Shaw Communications Inc. (NYSE:SJR) has declared its second quarter of fiscal 2011 financial results, which were almost in line with the Zacks Consensus Estimate. Although the company maintains its previously given financial outlook for fiscal 2011, it now anticipates that growing competition in the Canadian telecom market may result in lower than expected revenue.
Meanwhile, Shaw Communications also stated that ongoing cost cutting measures will enable the company to attain its targeted free cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A.M. Best Ups Hartford’s Outlook

Posted: 14 Apr 2011 06:07 AM PDT

On the back of lower investment losses and strong performance in the fourth quarter, the rating agency A.M. Best Co. has revised the ratings outlook of The Hartford Financial Services Group, Inc. (NYSE:HIG) as the company diverts to safer risk profiles in its investment portfolio.
A.M. Best Co. has raised the outlook to "stable" from "negative", while it resumed Hartford's issuer credit rating (ICR) of "bbb+".
Additionally, A.M. Best has affirmed the financial strength rating (FSR) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Before The Bell

Posted: 14 Apr 2011 06:00 AM PDT

04/14/11 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 Balance Transfer Credit Cards

Forex – Yen Extends Gains Vs. Dollar After Weak U.S. Data

Posted: 14 Apr 2011 05:56 AM PDT

Forex Pros – The yen extended gains against the U.S. dollar on Thursday, rising to a fresh two-week high after official data showed that U.S jobless claims rose unexpectedly last week, while producer price inflation rose less-than-expected in March.<br /><br />USD/JPY hit 82.96 during European afternoon trade, the pair&rsquo;s lowest since March 31; the pair subsequently consolidated at 83.08, tumbling 0.89%.<br /><br />The pair was likely to find support at 82.55, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada Manufacturing Sales Drop Unexpectedly In February

Posted: 14 Apr 2011 05:50 AM PDT

Forex Pros – Canadian manufacturing sales fell unexpectedly in February, official data showed on Wednesday.<br /><br />In a report, Statistics Canada said that manufacturing sales fell by a seasonally adjusted -1.5% in February, after jumping by 4.4% in January, whose figure was revised down from 4.5%.<br /><br />Economists had expected manufacturing sales to rise by 0.6% in February.<br /><br />According to the data, manufacturing sales in February fell to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Lower After Jobless Data; Dow Futures Shed 0.4%

Posted: 14 Apr 2011 05:44 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Thursday, amid concerns China would tighten monetary policy and after official data showed that initial jobless claims rose unexpectedly last week.&nbsp;&nbsp; <br /><br />Dow Jones Industrial Average futures pointed a loss of 0.4%, the S&amp;P 500 futures fell 0.55%, while Nasdaq 100 futures indicated a decrease of 0.65%. <br /><br />Earlier in the day, the U.S. Department of Labor said the number … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Initial Jobless Claims Rise Unexpectedly

Posted: 14 Apr 2011 05:39 AM PDT

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending April 9 rose to a seasonally adjusted 412K, up from 385K in the preceding week, whose figure was revised up from 382K.<br /><br />Analysts had expected initial jobless claims to fall to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ARR Closes Secondary Offering

Posted: 14 Apr 2011 05:36 AM PDT

ARMOUR Residential REIT, Inc. (ARR), a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS), has recently closed its secondary offering of 17 million shares at $7.40 each. The equity offer included 1 million shares sold to the underwriters pursuant to a partial exercise of the over-allotment options. The underwriters also retain an option to purchase an additional 1.4 million shares until May 8, 2011.
Deutsche Bank Securities Inc. – the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. PPI Rises Less-than-expected In March

Posted: 14 Apr 2011 05:34 AM PDT

Forex Pros – ucer price inflation in the U.S. rose less-than-expected in March, official data showed on Thursday.<br /><br />In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.7% in March, after jumping by 1.6% in February. <br />&nbsp;<br />Analysts had expected PPI to increase by 1% in March.<br /><br />According to the data, the producer price index rose at an annualized rate of 5.8% in March, after advancing at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals As Euro Weakens Broadly

Posted: 14 Apr 2011 04:45 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, ahead of the release of U.S. data on employment and inflation, while the euro weakened broadly amid fresh concerns over the sovereign debt crisis in the euro zone.<br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.4390.<br /><br />Earlier in the day, the cost of insuring Greek government debt against default surged to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Gains As U.S. Jobs, Inflation Data Eyed

Posted: 14 Apr 2011 04:32 AM PDT

Forex Pros – The pound trimmed gains against the U.S. dollar on Thursday, easing off a three-day high ahead of the release of U.S. government data on producer price inflation and employment later in the day.<br /><br />GBP/USD retreated from 1.6364, the pair&rsquo;s highest since Monday, to hit 1.6325 during European afternoon trade, still up 0.35% on the day.<br /><br />Cable was likely to find support at 1.6236, Wednesday&rsquo;s low and resistance at 1.6425, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – The Market Fluctuates With Lack Of European Data

Posted: 14 Apr 2011 04:19 AM PDT

By ForexMansion.com
 
The focus remains on the sentiment with investors speculating the outlook for the global economy and the US data late this afternoon. The market has the eyes set on inflation figures today and tomorrow from the US economy with the jobs figures today critical for investors.
Asian markets were mixed and equities fluctuated with fears rising again over prospects for monetary tightening amid rising commodities and inflation. Singapore reported double than the expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 04:18 AM PDT

By ForexMansion.com
 
The NZD/USD pair moved higher as New Zealand dollar soared to a five-month high against the US dollar, as the outlook for global economy improved, and the New Zealand dollar and other currencies tied to growth rallied against greenback and other majors.
Moreover, the NZ government sold NZ$700 million of government bonds, which boosted the demand for the New Zealand currency as a higher-yielding currency and the successful sale eased fears over government finances and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 04:17 AM PDT

By ForexMansion.com
 
The AUD/USD moved higher and the Australian dollar gained versus the US dollar on Thursday, but at the meantime it weakened versus other majors after the Central Bank of Singapore will allow extra gains in the nation’s currency for the third tightening of monetary policy in a year.
On the other hand, the US dollar retreated against its all major currencies, as the expectations noted that the Fed will delay rising interest rates, pushing investors to sell the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 04:17 AM PDT

By ForexMansion.com
 
The USD/JPY moved south again and the Japanese yen extended early gains versus U.S. dollar on Wednesday as losses in Asian stocks and commodities damped demand for higher-yielding currencies.On the other hand, the new 5.8 quake that hit the north of Japanhas increased demand for the Japanese yen, as concerns are back dominating investors’ decisions.
Feds Chairman Ben S. Bernanke said last week that accelerating inflation will be temporary, as the increase in commodity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Fundamental Analysis For April 15, 2011

Posted: 14 Apr 2011 04:16 AM PDT

By ForexMansion.com
 
The AUD/NZD pair reached to its lowest level in six weeks, supported by rising New Zealand dollar to its highest level in 5 months against the U.S. dollar. On the other hand, it is forecasted that the Australian dollar won’t continue to record historic levels against the greenback.
The median expected inflation rate in Australia retreat to 3.5% in April from a previous increase of 3.6%, where the RBA wouldn’t have to hike interest rate again during the upcoming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Tumbles To 7-day Low On Euro Debt Concerns

Posted: 14 Apr 2011 04:05 AM PDT

Forex Pros – The euro tumbled to a seven-day low against the yen on Thursday, amid fresh concerns over the euro zone sovereign debt crisis after German Finance Minister Wolfgang Schaeuble said Greece may have to restructure its debt.<br /><br />EUR/JPY hit 119.63 during European early afternoon trade, the pair&rsquo;s lowest since April 5; the pair subsequently consolidated at 119.65, tumbling 1.17%.<br /><br />The pair was likely to find support at 119.16, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Slips To 2-day Low On Euro Zone Debt Fears

Posted: 14 Apr 2011 03:45 AM PDT

Forex Pros – The euro erased early gains against the U.S. dollar on Thursday, slipping to a two-day low amid concerns that Greece may need to restructure its debt after Greek bond yields surged to a record high earlier in the day.<br /><br />EUR/USD retreated from 1.4514, the daily high, to hit 1.4388 during European late morning trade, shedding 0.33%.<br /><br />The pair was likely to find support at 1.4290, the low of March 8 and resistance at 1.4519, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Dollar Index: The Down Trend Is Intact

Posted: 13 Apr 2011 09:33 AM PDT

In my last look at the Dollar Index, I pointed out that the Dollar doesn’t seem relevant anymore, and as long as the down trend was under control, then all seem to be ok.  The trend is still down, and the technicals would suggest that we will be visiting the all time lows last seen in 2008 at some point in the near future.  At that point, I surmise things will start to get interesting.

Figure 1 is a weekly chart of the Dollar Index (symbol: $DXY).  The red colored  price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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