Tuesday, May 31, 2011

DailyMarkets.com - Balance Transfer Card – Which 0% APR Offer To Get?

DailyMarkets.com - Balance Transfer Card – Which 0% APR Offer To Get?

Balance Transfer Card – Which 0% APR Offer To Get?

Posted: 31 May 2011 07:35 AM PDT

A balance transfer card is what I’d recommend if you are looking for an effective way to get out of credit card debt. A reader recently wrote to me, seeking advice on how he can get out of his card debts without borrowing any more money from his family. Dwayne, as I shall refer to him since he asked for anonymity, is struggling to pay his card bills every month because of the high interest fees charged on his credit card, and as a result, has been losing sleep. Here’s my advice to Dwayne … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. CB Consumer Confidence Declines Unexpectedly

Posted: 31 May 2011 07:07 AM PDT

Forex Pros – U.S. consumer confidence declined unexpectedly in May, industry data showed on Tuesday.<br /><br />In a report, the Conference Board, a market research group said its index of consumer confidence fell to 60.8 in May, compared to a reading of 66.0 in April, whose figure was upwardly revised from 65.4.<br /><br />Analysts had expected the index to rise to 66.3 in May.<br /><br />The report showed that the Present Situation Index decreased to 39.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Dean Foods

Posted: 31 May 2011 07:06 AM PDT

We maintain a long-term 'Neutral' recommendation on Dean Foods Co (NYSE:DF). The company is a leading processor and distributor of milk and other dairy products in the U.S. as well as a leading manufacturer of various specialty food products.
To counter the ill effects of declining milk processing profits from increased money-offs on private label items and weak sales volume, Dean Foods is taking prudent steps, which include price realization through passing input cost inflation to customers, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Trying To Confirm A Bullish Breakout To A Declining Wedge

Posted: 31 May 2011 06:57 AM PDT

AUD/USD Attempting to Break Out of a Declining Wedge (5/27)
AUD/USD

- The AUD/USD did break out of a declining wedge, but is still held below 50% retracement seen in the 4H chart.
- Sure, the declining wedge has been broken, but can the market confirm the bullish intent?
- Currently, the RSI is still below 70 in the 4H chart, so there is no bullish momentum confirmation yet.
- If the market confirms the bullish intent, the next pivot is the 1.0888 with an area of possible resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chicago PMI Slumps More-than-expected In May

Posted: 31 May 2011 06:56 AM PDT

Forex Pros – Manufacturing activity in the Chicago area fell significantly more-than-expected in May, industry data showed on Tuesday.<br /><br />In a report, market research group Kingsbury International said its Chicago purchasing managers&rsquo; index fell to a seasonally adjusted 56.6 in May from 67.6 in April.<br /><br />Analysts had expected the index to decline to 62.5 in May.<br /><br />On the index, a reading above 50.0 indicates expansion, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Buying StarTex

Posted: 31 May 2011 06:55 AM PDT

Constellation Energy (NYSE:CEG) has entered into a definitive merger agreement to acquire StarTex Power in an all-cash transaction for $142.5 million.
StarTex Power, a Texas-based retail electric provider, serves 170,000 residential and commercial customers across the state. Following the merger, it will remain headquartered in Houston where approximately 150 of its employees reside.
The company with 100.0% ownership of StarTex will gain a foothold in the Texas mass market, which is one of the top … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Loonie Jumps Following Bank Of Canada Rate Decision

Posted: 31 May 2011 06:49 AM PDT

The Bank of Canada held its key interest rate on hold at 1.00 percent, noting that any further rate increases would fall in line with keeping prices pressures "consistent" at the "2 percent inflation target." Nonetheless, Governor Mark Carney noted that some stimulus could be "eventually withdrawn," sending the Loonie higher against all the other major currencies following the release.

Fundamental Headlines
• Euro-Area Inflation Slowed in May – Bloomberg
• Home Prices in 20 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Hover Near USD103 A Barrel

Posted: 31 May 2011 06:48 AM PDT

Forex Pros – Crude oil futures extended gains on Tuesday, rallying to a fresh three-week high as a combination of a broadly weaker U.S. dollar, renewed worries over unrest in the Middle East and North Africa and a disruption to U.S. supplies lifted prices.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD103.02 a barrel during U.S. morning trade, surging 2.6%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CAD Extends Gains After Bank Of Canada Statement

Posted: 31 May 2011 06:46 AM PDT

The BOC added some lines to their statement seeing some potential for upside risks to inflation, mainly if households borrow and spend more than expected.
First, some key excerpts from the BOC statement:
On the economy:
"In Canada, the economic expansion is proceeding largely as expected in the April MPR. The economy grew at an annual rate of 3.9 per cent in the first quarter, reflecting continued strong business investment, smaller contributions from household and government spending, and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jacobs Wins Engineering Contract

Posted: 31 May 2011 06:39 AM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) entered into a five-year master services agreement (MSA) with Infineum, a leading manufacturer and seller of petroleum additives, for operations in Europe, Asia and North America. The value of the contract was not disclosed.
As per the agreement, Infineum's manufacturing facilities in the U.S., France, Germany, U.K., Italy and Singapore is receiving Jacob's engineering services. Services from Jacobs will aid Infineum’s project development at its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: AFLAC Incorporated, Broadcom, CVS, Deutsche Bank AG, EBay, Entergy, FBR Capital Markets, Google, Goldman Sachs Group, MedcoHealth Solutions Inc, Marvell Technology Group, Ltd., Morgan Stanley, NASDAQ OMX Group, NYSE Euronext, Wells Fargo & Company, Weyerhaeuser Company

Posted: 31 May 2011 06:39 AM PDT

    Marvell Technology Group Ltd. (NASDAQ:MRVL) reported first quarter fiscal 2012 adjusted earnings per share of 24 cents, 2 cents shy of the Zacks Consensus Estimate of 26 cents. Despite the miss, shares increased 8.86% in after-market trade on encouraging second quarter guidance

    Graham Corp. (AMEX:GHM) reported fourth quarter EPS of 27 cents, ahead of the Zacks Consensus Estimate of 19 cents per share

    Google Inc. (NASDAQ:GOOG) was sued by eBay … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Optimer’s Dificid Approved In US

Posted: 31 May 2011 06:39 AM PDT

Optimer Pharmaceuticals Inc. (NASDAQ:OPTR) received a huge boost recently when it received approval from the US Food and Drug Administration (FDA) for its first drug, antibiotic Dificid, for the treatment of clostridium difficile-associated diarrhea (CDAD). CDAD is the most common nosocomial or hospital-acquired diarrhea and is a significant malaise in hospitals and nursing home facilities. Optimer’s Dificid twice daily tablets are the first drug to be approved in almost 30 years for the treatment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: NZDUSD Keeps Bullish Bias But Watch 0.8260 Above.

Posted: 31 May 2011 06:37 AM PDT

The NZDUSD surged higher today after consolidating during holiday trading on Monday.  The pair continues to make new highs and although the headwinds exist from the large currency gains on economic exports, there are benefits from lower import prices and demand for NZ exports.  In a trending market like the NZDUSD, you need a "reason" to sell.  If the reason does not pan out (i.e., an old high, a trendline broken, etc), the trade should be closed as trends are directional and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Tumbles To 7-day Low After BoC Points To Rate Hike

Posted: 31 May 2011 06:30 AM PDT

Forex Pros – The U.S. dollar tumbled to a seven-day low against its Canadian counterpart on Tuesday, after the Bank of Canada indicated that interest rates will &ldquo;eventually&rdquo; rise.<br /><br />USD/CAD hit 0.9663 during early U.S. trade, the pair&rsquo;s lowest since May 20; the pair subsequently consolidated at 0.9668, tumbling 1.03%.<br /><br />The pair was likely to find support at 0.9603, the low of May 13 and resistance at 0.9786, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P/Case-Shiller Home Price Index Falls More-than-expected

Posted: 31 May 2011 06:18 AM PDT

Forex Pros – The S&amp;P/Case-Shiller home price index fell more-than-expected in March, declining for the ninth consecutive month, industry data showed on Tuesday.<br /><br />In a report, Standard &amp; Poor with Case-Shiller said its house price index fell by -3.6% in March, after dropping by -3.3% in February.<br /><br />Analysts expected the house price index to fall by -3.4% in March.<br /><br />The report showed that U.S. home prices declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 31 May 2011 06:17 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: 31 May 2011 06:17 AM PDT

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

British Pound: The Downside Prevails

Posted: 31 May 2011 06:17 AM PDT

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

Euro: The Downside Prevails

Posted: 31 May 2011 06:17 AM PDT

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

Morning Market Brief

Posted: 31 May 2011 06:15 AM PDT

05/31/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Falls Below The Support At The 0.9698

Posted: 31 May 2011 06:13 AM PDT

Although the BOC reiterated its assessment that the higher C$ was a headwind, the USDCAD has moved lower. Oil prices are up over $2.50 which is contributing to the decline as well.  The price fell through support at the 0.9698 which reflected the 38.2% retracement of the move up from the May 11th low to the high. That level will now act as resistance with the 0.9662 level being the next target for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Eye Riskier Bets – Stocks Up, Dollar Down

Posted: 31 May 2011 06:11 AM PDT

It's amazing what a drop of sunshine will do to sentiment. Investors returned from a long three-day weekend to find global equity markets surging on optimism that an advancing global economy will spur earnings while hopes spread that European leaders kicking the can down the road one more time will save blushes in Brussels and Athens. Latest CFTC data explains the dollar's recent surge as a massive short-covering exercise while wrong-footing investors in the pound and the Aussie.
U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Canada Leaves Interest Rate Unchanged At 1.00%

Posted: 31 May 2011 06:10 AM PDT

Forex Pros – The Bank of Canada left its benchmark interest rate unchanged in May, it announced on Tuesday.<br /><br />In a statement, the bank said it was leaving its overnight cash rate unchanged at 1.00%, broadly in line with expectations.<br /><br />According to the BoC, the global economic recovery is proceeding broadly as expected in the bank&rsquo;s April Monetary Policy Report. <br /><br />While underlying inflation is relatively subdued, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Express Scripts BuyBacks Shares

Posted: 31 May 2011 06:06 AM PDT

One of the largest pharmacy benefit management companies in North America – Express Scripts Inc. (NASDAQ:ESRX) and Morgan Stanley (NYSE:MS) has planned two accelerated share repurchase transactions for purchasing shares of Express Scripts for a total amount of $1.75 billion.
Under the terms of the agreement, Express Scripts will initially purchase approximately 29.4 million shares of its stock. The shares were purchased from Morgan Stanley under an accelerated share repurchase agreement. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Agnico-Eagle Aquires Colibri

Posted: 31 May 2011 06:06 AM PDT

Agnico-Eagle Mines Ltd. (NYSE:AEM) acquired three million shares of Colibri Resource Corporation through private placement at a price of $0.20 per unit for a total consideration of $600,000 in cash. Each Unit consisted of one common share, resulting from the acquisition of a total of 3 million Common Shares of Colibri by the company, and one share purchase warrant, being 3 million Warrants, each full Warrant entitling the holder to acquire one Common Share at a price of $0.35 per share for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Hits 1-week High On Greece Loan Deal Hopes

Posted: 31 May 2011 05:52 AM PDT

Forex Pros – The euro rose to a one-week high against the pound on Tuesday, boosted by reports that Germany may make concessions to facilitate a new bailout package for Greece.<br /><br />EUR/GBP hit 0.8745 during European afternoon trade, the pair&rsquo;s highest since May 24; the pair subsequently consolidated at 0.8731, surging 0.71%.<br /><br />The pair was likely to find support at 0.8654, Monday&rsquo;s low and resistance at 0.8837, the high of May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Larry Fink Calls For Bailing Out The European Banks Before Restructuring Greece Et Al

Posted: 31 May 2011 05:43 AM PDT

Here we go again.
Who is going to pay for the massive embedded losses in the European sovereign credits of Greece, Portugal, and elsewhere? Will it be the bondholders, primarily the European banks, or will it be the European citi (NYSE:C)zens and taxpayers? While this European "can was kicked down the road" over the last few years, the market pressure is increasing on Greece primarily but other European sovereigns as well. What might happen in this ultimate game of "financial chicken"? Who … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian RMPI Jumps More-than-expected In April

Posted: 31 May 2011 05:42 AM PDT

Forex Pros – Canada’s raw materials price index rose significantly more-than-expected in April, official data showed on Tuesday.<br /><br />In a report, Statistics Canada said the raw materials purchase price index jumped by a seasonally adjusted 6.8% in April, after increasing by 5.8% in March, whose figure was upwardly revised from 5.7%. <br /><br />Analysts had expected the raw materials purchase price index to rise by 4.3% in April.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MT Gets Regulatory Approval

Posted: 31 May 2011 05:39 AM PDT

Steel giant ArcelorMittal's (NYSE:MT) German unit gained European Commission approval to purchase German coke producer Kokerei Prosper.
Kokerei Prosper is currently owned by RAG Aktiengensellschaft. It produces coke that it sells to steel manufactures, such as ArcelorMittal Bremen. It also sells by-products of the coke production process to different customers outside the steel industry.
The Commission’s investigation showed that the proposed transaction does not give rise to competition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Rally On Greek Bailout Hopes; Dow Up 0.8%

Posted: 31 May 2011 05:37 AM PDT

Forex Pros – U.S. stock futures were up sharply on Tuesday, tracking global equities higher as fears over a Greek default eased following reports that Germany could make concessions to facilitate a new bailout package for Greece.<br /><br />Dow Jones Industrial Average futures indicated an increase of 0.8%, the S&amp;P 500 futures jumped 0.85%, while Nasdaq 100 futures pointed to a gain of 0.95%.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />Concerns over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH Network Remains Neutral

Posted: 31 May 2011 05:30 AM PDT

We maintain our long-term Neutral recommendation on DISH Network Corp. (NASDAQ:DISH). The company's first-quarter 2011 profit more than doubled year over year. The exellent performance was mainly driven by higher expenditure by the existing customers for the company's premium services. DISH Network is slowly transforming itself from a low-priced leader in the U.S. pay-TV industry to a premium service provider to its subscribers' churn rate. The company is concentrating its marketing efforts on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Confirms Inverted Head And Shoulder And Targets 137

Posted: 31 May 2011 05:29 AM PDT

CHF and JPY Gain in a Bout of Risk Aversion (5/26)
GBP/JPY

- GBP/JPY is establishing bullish momentum, as the 4H RSI reading rises above 70. The 1H RSI also shows a steady bullish momentum in the short-term, which is now translating into the medium term.
- Price action broke above 134.00, which was an important pivot. An earlier break above 133.00, was an upside breakout from an inverted head and shoulder seen in the daily chart.
- The broken neckline of 133.00 should be an area for support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yen Weakens As Moody’s Mulls Debt Downgrade

Posted: 31 May 2011 05:22 AM PDT

The devastating natural disaster that afflicted Japan has not only put the country back into recession but has also made the job of consolidating the country's fiscal position much more difficult.
Japan was already in trouble in regards to its debt load, and fashioning plans to cut the deficit prior to the disaster, and that task has become more complicated as the Prime Minister and Parliament wrangle over the fund needed to help reconstruction. So far … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: DELL Inc.

Posted: 31 May 2011 05:06 AM PDT

Since the company reported its first quarter 2012 results on May 18, 2011, there has been a huge variation in analyst estimates.
First Quarter Highlights
Dell Inc. (NASDAQ:DELL) reported strong first quarter 2012 results, with earnings per share (EPS) of 55 cents exceeding the Zacks Consensus Estimate of 43 cents. Quarterly EPS was also ahead of the year-ago quarter earnings of 30 cents.
The company reported revenues of $15.0 billion, up 1.0% from $14.9 billion in the year-ago quarter. Revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will USD/CAD Extend Its Bearish Breakout After The BoC Statement?

Posted: 31 May 2011 05:04 AM PDT

USD/CAD Setting up for Range Breakout (5/27)
USD/CAD

Short-Term to Medium Term- As the Bank of Canada prepares to announce its interest rate policy, the market has already broken below a range roughly between 0.9750 and  0.9815.
- The breakout to the downside is now seeing some support as we head into the US session.
- The 1H RSI shows bearish momentum established in the very short-term. The current rally that started in the European session can extend towards 0.9750, the broken … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed

Posted: 31 May 2011 04:52 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, while the euro strengthened after reports that Germany could make concessions to facilitate a new bailout package for Greece.<br /><br />During European afternoon trade, the greenback was sharply lower against the euro, with EUR/USD gaining 0.79% to hit 1.4395.<br /><br />The single currency shrugged off official data showing that consumer price inflation in the euro zone declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Targets 83.20, 83.30 Wave Equality

Posted: 31 May 2011 04:38 AM PDT

Has the USD Recovery Derailed? (5/27)
EUR/USD

Short-Term to Medium-Term- The USD/JPY is seen in the 1H chart rallying sharply after a narrow Memorial Day range trading. The Asian and European session  pushed the pair back to 61.8% retracement, just below 81.70.
- The 1H RSI reading going above 70 shows very short-term bullish momentum while the 4H RSI is testing 60, and showing an attempt to invalidate the previous bearish momentum during a channel breakout.
- The 1H chart shows some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WSJ Reports Germany Softening Its Stance On 2nd Greek Bailout, EUR/USD Rallies To 1.44

Posted: 31 May 2011 04:32 AM PDT

The Wall Street Journal came out with a report saying that Germany had softened its stance in regards to allowing Greece to get further aid, a development that should help benefit the EUR, as it removes the latest impediment in the sovereign debt crisis.
From MarketWatch: "Germany may consider abandoning a push to reschedule Greek debt early, which may pave the way for Greece to receive a new package of financial aid, The Wall Street Journal reported Tuesday. Still, some German officials are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Eases Off 4-week High Ahead Of U.S. Data

Posted: 31 May 2011 04:29 AM PDT

Forex Pros – The pound eased off a four-week high against the U.S. dollar on Tuesday, as a relief rally sparked by reports that Germany could make concessions to facilitate a new bailout package for Greece waned ahead of the release of U.S. data.<br /><br />GBP/USD pulled away from1.6547 to hit 1.6498 during European early afternoon trade, still up 0.15% on the day.<br /><br />Cable was likely to find support at 1.6377, last Friday&rsquo;s low and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wheat Futures Plunge After Russia Lifts Export Ban

Posted: 31 May 2011 04:01 AM PDT

Forex Pros – Wheat futures tumbled to a three-day low on Tuesday, after Russia announced that it would let a ban on wheat exports expire on July 1, alleviating concerns over tightening global supplies.<br /><br />On the Chicago Mercantile Exchange, wheat futures for July delivery traded at USD7.9912 a bushel during European morning trade, plunging 2.56%, the biggest one-day decline since May 11.&nbsp; <br /><br />It earlier dropped to USD7.8462 a bushel, the lowest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Crosses 1.44 On Its Way To 1.46, 61.8% Retracement

Posted: 31 May 2011 03:41 AM PDT

Has the USD Recovery Derailed? (5/27)
EUR/USD

Short-Term to Medium-Term- The EUR/USD broke above a previous high at 1.4345 and is now attacking the 4H 200-period simple moving average.
- The RSI is above 70, reflecting a bullish momentum breakout. In the near-term, we might get a consolidation as we cross 1.44.
- This rally has a bullish impulse wave structure. Notice the lead-up to the explosive surge. After this surge slows down, we can anticipate yet another rally attempt.
- The daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Extends Gains As Greek Default Fears Ease

Posted: 31 May 2011 03:30 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, rising to a three-week high, following reports that Germany could make concessions to facilitate a new bailout package for Greece.<br /><br />EUR/USD hit 1.4424 during European late morning trade, the pair&rsquo;s highest since May 9; the pair subsequently consolidated at 1.4403, surging 0.85%.<br /><br />The pair was likely to find support at 1.4124, last Friday&rsquo;s low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 1, 2011

Posted: 31 May 2011 01:25 AM PDT

By ForexMansion.com
The AUD/NZD pair continued its sharp drop to reach its lowest in more than 16 weeks, as the New Zealand dollar recorded a new all time high versus the greenback after the cheerful data regarding the confidence in New Zealand.
Thenational bank of New Zealand released the business confidence reading during the month of May, which increased to 38.3, from a prior reading of 14.2 in April, while the activity outlook in New Zealand rose to 39.7 in May, compared with a previous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 01, 2011

Posted: 31 May 2011 01:24 AM PDT

By ForexMansion.com
The Australian dollar declined against its major counterpart the US dollar on concerns the Australian economy will shrink in the first three months of this year, as the Australian economy has suffered from the natural disaster.
The Australian economy will probably shrink during the first quarter, the first recession in two decades affected by the floods that caused the mining sector to drop, which has negative results on the nation’s exports, confirming that the Reserve Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 01, 2011

Posted: 31 May 2011 01:23 AM PDT

By ForexMansion.com
The New Zealand dollar still grabs investors’ attention after it recorded a new multi-year high, while it continues to record more gains versus the greenback, supported by the cheerful data from the New Zealand economy.
Furthermore, the national bank of New Zealand released the business confidence reading during the month of April, which increased to 38.3, from a prior reading of 14.2 in April, while the activity outlook in New Zealand rose to 39.7 in May, compared with a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 1, 2011

Posted: 31 May 2011 01:22 AM PDT

By ForexMansion.com
The USD/JPY pair advanced on Tuesday as the Japanese yen has lost momentum to reach its lowest level in more than three weeks. The Japanese data confirmed that the domestic economy is still struggling from the March earthquake.
The overall domestic spending in Japan fill by 3.0% during April, while the labor data was also affected badly by the decline in shipments and production. The Japanese currency has lost ground against its major counterparts, as investors are weighing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Desire Petroleum Identifies New Leads From Falklands Seismic Survey

Posted: 31 May 2011 01:08 AM PDT

Desire Petroleum (LON:DES), the oil and gas exploration group active in the Falkland Islands, said this morning that it had identified two new leads from the early results of a 3D seismic survey over its acreage in the North Falkland Basin. Desire has drilled six disappointing wells since February 2009 and has now completed a detailed survey over parts of its licences in order to indentify new targets. In April, Desire drilled, plugged and abandoned the Ninky well, which was the final well … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For May 31, 2011

Posted: 30 May 2011 11:45 PM PDT

By ForexMansion.com
The Australian dollar witnessed a drop against the US dollar during the first day of trading this week, after the Australian economy released its company operating index that declined by 2.0% in the first quarter less than a prior drop 2.8% during the fourth quarter of 2010.
Moreover, the Australian dollar continued its downside movement against its all major counterparts before an Australian report that showed its economic growth will moderate during the first three months … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For May 31, 2011

Posted: 30 May 2011 11:40 PM PDT

By ForexMansion.com
The New Zealand gained and showed the best performance since it started trading in the Forex market, where the Kiwi rose versus its all major counterparts, while it surged to record a new multi-year high against the greenback, as the New Zealand trade balance surplus expanded in April, more than double analysts' forecasts.
The New Zealand exports (which account for more than 30% of the economy) surged 17% in April, exceeding analysts' forecasts, the main engine behind … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For May 31, 2011

Posted: 30 May 2011 11:37 PM PDT

By ForexMansion.com
The USD/JPY is trading near its lowest level in three weeks; the Japanese yen was able to gain against its major counterparts after the dollar lost momentum amid the disappointing growth data.
The US dollar has lost its appeal as a safe heaven, after the worse than expected growth data from the U.S. economy. On the other hand, U.S. pending home sales for April had dropped by 11.6% from the previous rise of 3.5%, giving more signals that the housing sector still the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Full Volume Is Back

Posted: 30 May 2011 11:15 PM PDT

By ForexMansion.com
 
Broad markets witnessed full volumes returning in force, after the US and UK were in holidays yesterday. Sentiment will be put to test today as markets participants await the release of some important fundamentals this week.
The US will released the Chicago PMI as well as the consumer confidence index and the S&P/CS house prices. Lately the manufacturing and housing data proved to be lackluster, thereby today’s reports will give investors a proper insight.
This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment