Monday, May 23, 2011

DailyMarkets.com - American Express Gold Card – Get 10,000 Bonus Points Here

DailyMarkets.com - American Express Gold Card – Get 10,000 Bonus Points Here


American Express Gold Card – Get 10,000 Bonus Points Here

Posted: 23 May 2011 03:03 AM PDT

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European Stocks Plunge On EU Debt Woes; DAX Sinks 1.7%

Posted: 23 May 2011 02:06 AM PDT

Forex Pros – European stock markets were sharply lower on Monday, as ongoing fears over the euro zone&rsquo;s sovereign debt crisis weighed on market sentiment, while U.S. futures indexes pointed to a broadly lower open on Wall Street. <br /><br />During European morning trade, the EURO STOXX 50 tumbled 1.75%, France&rsquo;s CAC 40 plunged 1.65%, while Germany’s DAX 30 dropped 1.7%.&nbsp; <br /><br />Fitch Ratings cut Greece’s debt ratings by three notches … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Higher As Debt Concerns Punish Euro

Posted: 23 May 2011 01:34 AM PDT

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as ongoing fears over the sovereign debt crisis in the euro zone dampened demand for higher yielding assets, bolstering the greenback.<br /><br />During European morning trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.05% to hit 1.4007.<br /><br />Fitch Ratings cut Greece’s debt ratings by three notches on Friday, while Standard &amp; Poor’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Hits 2-day Low As Euro Fears Damp Risk Appetite

Posted: 23 May 2011 01:19 AM PDT

Forex Pros – The pound slipped to a two-day low against the U.S. dollar on Monday, tracking the euro lower as concerns over unresolved debt issues in the single currency bloc curbed demand for riskier assets.<br /><br />GBP/USD hit 1.6137 during early European trade, the pair&rsquo;s lowest since last Thursday; the pair subsequently consolidated at 1.6146, shedding 0.51%.<br /><br />The pair was likely to find short-term support at 1.6105, the low of May 18 and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Manufacturing PMI Falls To 7-month Low

Posted: 23 May 2011 01:18 AM PDT

Forex Pros – Manufacturing activity in the euro zone fell more-than-expected in May, dropping to a seven-month low, preliminary data showed on Monday. <br /><br />In a report, market research group Markit said that its preliminary manufacturing purchasing managers index fell to a seasonally adjusted 54.8 in May, down from 58.0 in April, whose figure was upwardly revised from 57.7.<br /><br />Analysts had expected the index to decline to 57.6 in May. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Tumble As Strong U.S. Dollar Weighs

Posted: 23 May 2011 01:16 AM PDT

Forex Pros – Crude oil futures were sharply lower on Monday, pressured by a broadly stronger U.S. dollar and amid concerns over a slowdown in demand from China, the world&rsquo;s second largest oil consumer.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD98.17 a barrel during European morning trade, plunging 1.8%.&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell by as much as 2.25% to a daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Manufacturing PMI Falls To 7-month Low

Posted: 23 May 2011 01:10 AM PDT

Forex Pros – Manufacturing activity in the euro zone rose fell more-than-expected in May, dropping to a seven-month low, preliminary data showed on Monday. <br /><br />In a report, market research group Markit said that its preliminary manufacturing purchasing managers index fell to a seasonally adjusted 54.8 in May, down from 58.0 in April, whose figure was upwardly revised from 57.7.<br /><br />Analysts had expected the index to decline to 57.6 in May. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Manufacturing PMI: 54.8, Services PMI 54.8

Posted: 23 May 2011 01:01 AM PDT

German Manufacturing PMI Drops To 6-month Low In May

Posted: 23 May 2011 12:40 AM PDT

Forex Pros – Manufacturing activity in Germany fell more-than-expected in May, dropping to a six-month low preliminary data showed on Monday.<br /><br />In a report, market research group Markit said that its preliminary German manufacturing purchasing managers index fell to a seasonally adjusted 58.2 in May, compared to 62.0 in April, whose figure was upwardly revised from 61.7.<br /><br />Analysts had expected the index to decline to 61.2 in May.&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Hits 3-day Low Amid Euro Zone Debt Worries

Posted: 23 May 2011 12:39 AM PDT

Forex Pros – The U.S. dollar slid to a three-day low against the yen on Monday, as ongoing concerns over sovereign debt issues in the euro zone fuelled risk aversion and boosted demand for traditional safe haven assets.<br /><br />USD/JPY hit 81.36 during late Asian trade, the pair&rsquo;s lowest since May 18; the pair subsequently consolidated at 81.41, shedding 0.35%.<br /><br />The pair was likely to find support at 80.72, the low of May 17 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Retreat From 2-week High On Stronger U.S. Dollar

Posted: 23 May 2011 12:29 AM PDT

Forex Pros – Gold futures retreated from a two-week high on Monday, as mounting concerns over the euro zone&rsquo;s sovereign debt crisis weighed on the euro and boosted the dollar index to a seven-week high.&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,508.85 a troy ounce during late Asian trade, dipping 0.25%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EUR$ Completes Full Hourly Retracement

Posted: 23 May 2011 12:24 AM PDT

The USD opened the weak firmer from weekend trading; 20 points firmer against the Euro. Since the open the pair has traded continually lower and completed the full retracement from the low of 1.40475 on the 16th to Friday's high of 1.43446.
Since reaching a low of 1.40204 following a poor French manufacturing number, the pair has rebounded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Tumbles As Euro Debt Fears Hit Risk Appetite

Posted: 23 May 2011 12:12 AM PDT

Forex Pros – The New Zealand dollar tumbled to a two-day low against its U.S. counterpart on Monday, as fears about euro zone sovereign debt sapped investor demand for riskier assets.<br /><br />NZD/USD hit 0.7876 during late Asian trade, the pair&rsquo;s lowest since May 19; the pair subsequently consolidated at 0.7887, tumbling 0.89%.<br /><br />The pair was likely to find support at 0.7763, the low of May 17 and resistance at 0.7950, the day&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Makes New Session Lows Following Worse French Man. PMI

Posted: 23 May 2011 12:03 AM PDT

France's May flash man. PMI came in at 55.0 and services PMI 62.8. The EUR/USD traded down to 1.4020 following the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Drops To 4-day Low As Risk Aversion Mounts

Posted: 22 May 2011 11:55 PM PDT

Forex Pros – The Australian dollar dropped to a four-day low against its U.S. counterpart on Monday, as risk aversion mounted amid concerns over euro zone debt issues and following a report showing that Chinese manufacturing growth slowed this month.<br /><br />AUD/USD hit 1.0539 during late Asian trade, the pair&rsquo;s lowest since May 17; the pair subsequently consolidated at 1.0550, tumbling 1.04%.<br /><br />The pair was likely to find short-term support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Sharply Lower On EU Debt Woes; Nikkei Drops 1.5%

Posted: 22 May 2011 11:48 PM PDT

Forex Pros – Asian stock markets were sharply lower on Monday, as market sentiment was hit by simmering fears over the euro zone&rsquo;s debt crisis, while shares in Tokyo Electric Power Company tumbled after posting record losses.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index tumbled 2%, South Korea’s Kospi Composite plunged 2.6%, while Japan&rsquo;s Nikkei 225 Index dropped 1.52%.<br /><br />Ratings agency Fitch downgraded Greece’s credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Tumbles To 2-month Low As Debt Concerns Weigh

Posted: 22 May 2011 11:27 PM PDT

Forex Pros – The broadly weaker euro tumbled to a two-month low against the U.S. dollar on Monday, amid ongoing worries over the possibility for debt restructuring by Greece.<br /><br />EUR/USD hit 1.4042 during late Asian trade, the pair&rsquo;s lowest since March 28; the pair subsequently consolidated at 1.4044, tumbling 0.79%.<br /><br />The pair was likely to find support at 1.3868, the low of March 17 and resistance at 1.4237, the high of May 17.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Franklin Resources, Inc. (BEN)

Posted: 22 May 2011 11:05 PM PDT

Franklin Resources Inc.’s (NYSE:BEN) second quarter 2011 earnings of $2.25 per share outpaced the Zacks Consensus Estimate of $2.00 per share. Results reflected robust growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses.
Moreover, the results were ahead of earnings of $1.55 per share in the prior-year quarter and $2.23 per share in the prior quarter. Franklin’s global footprint is an exceptionally favorable strategic point, since its AUM is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Merge Healthcare (MRGE)

Posted: 22 May 2011 11:05 PM PDT

Merge Healthcare’s (NASDAQ:MRGE) first quarter 2011 adjusted EPS of $0.03 was below the year-ago quarter’s $0.05. The company also experienced a 950 bps contraction in gross margin.
Moreover, Merge has improved its sales force, but as a result, operating margin was down by 196 bps. Furthermore, the company’s increased interest expense affected its bottom line during the quarter.
Although there is immense potential in the diagnostic imaging market, we remain concerned about the competitive scenario … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: MeadWestvaco Corporation

Posted: 22 May 2011 11:05 PM PDT

Estimates have been surging for MeadWestvaco Corporation (NYSE:MWV) after the company posted much better than expected first quarter earnings. It is a Zacks #1 Rank (Strong Buy) stock.
Despite fears of rising commodity prices squeezing margins, MeadWestvaco actually experienced significant margin expansion in the quarter due in large part to improved pricing. The company has also been growing rapidly in the emerging markets.
Based on consensus estimates, analysts expect earnings growth of 35% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Precision Drilling Corp.

Posted: 22 May 2011 11:05 PM PDT

Precision Drilling Corp. (NYSE:PDS) has been one of the stronger names in the energy space, trading near its recent 52-week high in spite of sector volatility. With a Q1 earnings surprise of 15% and bullish growth projection, this Zacks #1 rank stock is digging deep for momentum.
Company Description
Precisions Drilling Corp., through its subsidiaries, provides onshore well drilling and completion services in North America and internationally. The company was founded in 1951 and has a market cap of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Transcept Pharmaceuticals

Posted: 22 May 2011 11:05 PM PDT

Transcept Pharmaceuticals, Inc (TSPT) reported narrower than expected losses last period, but the attention is still centered on the approval its new insomnia medication.
Estimates and shares are rising making this a hot Zacks #1 Rank (Strong Buy).
Company Description
Transcept Pharmaceuticals develops and commercializes proprietary products in the neuroscience field. The most prominent product is Intermezzo, which is awaiting approval from the FDA and treats insomnia patients.
Better than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 22 May 2011 10:40 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4069, down 0.62% at time of writing.<br/><br/> The pair was likely to find support at 1.4064, today&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.39% to hit 0.8688 and EUR/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 22 May 2011 10:15 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6200, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday&rsquo;s low, and resistance at 1.6304, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8688 and GBP/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 22 May 2011 09:50 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.2374, down 0.42% at time of writing.<br/><br/> The pair was likely to find support at 1.2352, today&rsquo;s low, and resistance at 1.2646, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.58% to hit 1.4075 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Daily Fundamental Analysis For May 24, 2011

Posted: 22 May 2011 09:44 PM PDT

By ForexMansion.com
The USD/JPY pair started the week on Monday in Asia with upside movement after the dollar advanced against most of its major counterparts, however the Japanese yen remains under pressure since the Japanese economy entered a new recession.
Japan contracted by 0.9% in the first quarter, and by 3.7% on the year. The Japanese exports dropped heavily during the first quarter affected by the March 11 earthquake, which drove the nation into a double-dip recession.
The Japanese yen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Daily Fundamental Analysis For May 24, 2011

Posted: 22 May 2011 09:41 PM PDT

By ForexMansion.com
The New Zealand dollar (the Kiwi) declined for the first time in four days on Monday versus the US dollar, as concerns over a slowdown in the global economic recovery are also leading the selling pressures on kiwi.
New Zealand's currency slid against majors, and declined from the highest in more than two weeks versus the dollar before reports forecasted to show European services and manufacturing growth slowed and U.S. new home sales stalled, adding to fears that global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Daily Fundamental Analysis For May 24, 2011

Posted: 22 May 2011 09:38 PM PDT

By ForexMansion.com
The Australian slumped sharply against the US dollar on Monday after The Chinese manufacturing growth retreated during the month of May, especially after tightening monetary policy in April for four times since October 2010, as the Chinese market is the largest for Australian exports.
The Australian dollar dropped against its major counterparts as investors increased their bets that the Reserve Bank of Australia (RBA) will keep the rates steady during the next Bank’s meeting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/NZD Daily Fundamental Analysis For May 24, 2011

Posted: 22 May 2011 09:31 PM PDT

By ForexMansion.com
The AUD/NZD pair dropped with the beginning of the week on Monday, as the Aussie and the Kiwi retreated against the US dollar. Risk aversion is back to dominate markets, dampening demand on higher-yielding currencies and assets.
The Australian dollar dropped against its major counterparts as investors increased their bets that the Reserve Bank of Australia (RBA) will keep the rates steady during the next Bank’s meeting as central banks aims to support economic growth.
On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During The Asian Session

Posted: 22 May 2011 09:20 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8796, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 0.8749, Friday&rsquo;s low, and resistance at 0.8880, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.56% to hit 1.4078 and USD/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Thunderbolt Trademark Transferred To Intel

Posted: 22 May 2011 09:00 PM PDT

05/23/11 The trademark to the Thunderbolt technology will be transferred from Apple to Intel. The new standard was developed cooperatively by both … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down In Asian Trade

Posted: 22 May 2011 09:00 PM PDT

Forex Pros – The Euro was lower against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.8690, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.8687, today&rsquo;s low, and resistance at 0.8845, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.52% to hit 1.4084 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 22 May 2011 08:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.92, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 80.94, Wednesday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.48% to hit 1.4089 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s This Week In Wall Street History

Posted: 22 May 2011 03:10 PM PDT

05/22/11 The topic this week is the Dow Jones Industrial Average and it’s founder Mr. Charles Dow. From acting as minor gauge of US industrials to the powerhouse it is today, the Dow Jones is defintiely an important piece of Wall Street … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 22 May 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9764, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 0.9642, Friday&rsquo;s low, and resistance at 0.9772, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.49% to hit 1.4087 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In Asian Trade

Posted: 22 May 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0600, down 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.0570, Wednesday&rsquo;s low, and resistance at 1.0711, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.08% to hit 1.3294 and AUD/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Down In Asian Trading Hours

Posted: 22 May 2011 07:05 PM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.4237, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.4175, Wednesday&rsquo;s low, and resistance at 1.4366, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.17% to hit 1.6204 and EUR/GBP falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s Wall Street Lingo: Instant Messaging

Posted: 22 May 2011 07:00 PM PDT

05/22/11 Justin Flinn of MND Partners introduces us to the important role online instant messaging plays for traders and their clients at the New York Stock … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 22 May 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4097, down 0.42% at time of writing.<br/><br/> The pair was likely to find support at 1.4092, today&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8699 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 22 May 2011 06:00 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.88, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 80.94, Wednesday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.31% to hit 1.4114 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down In Asian Trade

Posted: 22 May 2011 05:25 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 115.49, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 115.08, Monday&rsquo;s low, and resistance at 117.24, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.18% to hit 1.4131 and EUR/GBP falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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