Monday, May 16, 2011

DailyMarkets.com - Chase Sapphire Preferred Credit Card – Get 50,000 Signing Bonus Points Here!

DailyMarkets.com - Chase Sapphire Preferred Credit Card – Get 50,000 Signing Bonus Points Here!


Chase Sapphire Preferred Credit Card – Get 50,000 Signing Bonus Points Here!

Posted: 16 May 2011 07:35 AM PDT

From May 16, 2011, Chase (NYSE:JPM) has a new bonus offer for people who sign up for its new Chase Sapphire Preferred Card, a premium rewards credit card. You will get 50,000 bonus points after spending $3,000 in the first 3 months of account opening. These 50,000 points are worth $625 in travel credit, and are redeemable for two flights, worth up to $312.50 each. These 50k points are twice as many points as the old promotion. I think this is definitely one of the largest bonus offers I’ve seen so … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: The Downside Prevails

Posted: 16 May 2011 07:20 AM PDT

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


Canadian Dollar: Key ST Resistance At 98

Posted: 16 May 2011 07:19 AM PDT

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


Wheat On Sale?

Posted: 16 May 2011 07:19 AM PDT

Today’s Idea
This year’s Hard Red Winter (HRW) Wheat crop certainly has been a disappointment, with the current drought certain to cut production. This Wheat variety is traded as a futures contract on the Kansas City Board of Trade (KCBT). A quick look at the chart for September KC Wheat shows good chart support around the 790.00 level. Some traders who are expecting KC Wheat prices to remain stable or move higher may wish to explore selling puts with a strike price below chart support near … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Forms Short-term Double Bottom

Posted: 16 May 2011 07:18 AM PDT

Scenarios in the AUD/USD, AUD/JPY and AUD/NZD (5/14 Video)
AUD/USD

- The AUD/USD completed a double bottom when breaking above 1.0590. Note also that the market is resolving a bullish divergence.
- A pattern breakout projection targets 1.0670 right below 78.6% retracement.
- The RSI is attacking 60. A break above it is trouble for the bearish momentum, and a break above 70 establishes a bullish one, or at least suggests ranging market int he short-term.
- The bullish scenario in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Minneapolis In The News

Posted: 16 May 2011 07:07 AM PDT

1. National Geographic’s 10 Best Summer Trips for 2011 includes Minneapolis.

2. Minneapolis, aka “The Mill City,” is becoming a “phenomenal baking town” according to a recent NY Times article.  My personal favorite is the Franklin Street … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Petrobras: Another Strong Quarter

Posted: 16 May 2011 07:02 AM PDT

Brazilian state-run energy giant Petroleo Brasileiro S.A. (NYSE:PBR), or Petrobras S.A., announced its first quarter earnings of R$10,985.0 million or R$0.84 per share, compared with R$7,726.0 million or R$0.88 per share in the year-earlier quarter. Per share profitability dropped after the company sold $70 billion of new stock in September last year. 
Earnings per ADR came in at $1.01 (exchange rate: U.S.$1.00 = R$1.66, 1 ADR = 2 shares), ahead of the Zacks Consensus Estimate of 93 cents. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


J. C. Penney Beats, Lifts Outlook

Posted: 16 May 2011 07:02 AM PDT

J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently delivered better-than-expected first-quarter 2011 results on the heels of improved and exclusive merchandise assortments, and effective cost management. Consequently, the company lifts its full year outlook.
The quarterly earnings of 28 cents a share beat the Zacks Consensus Estimate of 25 cents, and jumped 12% from 25 cents earned in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Cardinal

Posted: 16 May 2011 07:02 AM PDT

Cardinal Health (NYSE:CAH) reported third-quarter fiscal 2011 (ended March 31) adjusted (excluding one-time expenses) earnings per share of 75 cents, exceeding the Zacks Consensus Estimate of 69 cents as well as the year-ago figure of 61 cents. Net income from continuing operations (as reported) grew 11% year over year to $249.5 million (or 71 cents a share).
Highlights from the Third Quarter
Total revenues were $26.1 billion in the reported quarter, up about 7% year over year, beating the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits Fresh Daily High As Strauss-Kahn Concerns Ease

Posted: 16 May 2011 07:02 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Monday, rising to a fresh daily high as investors downplayed the impact of International Monetary Fund chief Dominique Strauss-Kahn&rsquo;s arrest on sexual-assault charges over the weekend.<br /><br />EUR/USD hit 1.4198 during early U.S. trading hours, the daily high; the pair subsequently consolidated at 1.4196, rising 0.55%.<br /><br />The pair was likely to find support at 1.3868, the low of March … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Wal-Mart

Posted: 16 May 2011 06:57 AM PDT

Wal-Mart Mart Stores Inc. (NYSE:WMT) is scheduled to announce its first quarter 2012 results on May 17, 2011, and we see limited revisions in analyst estimates at this point. Currently, the Zacks Consensus Estimate is 96 cents per share and sales estimate is around $103.12 billion.
Fourth Quarter Overview
Wal-Mart's fourth quarter earnings increased 11.9% from the year-ago period. However, (excluding the benefit of one-time items) earnings were $1.34 a share, which was ahead of the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morgan Stanley To Sell Bonds

Posted: 16 May 2011 06:57 AM PDT

According to an e-mailed statement from National Australia Bank Ltd. (NAB), Morgan Stanley (NYSE:MS) plans to sell Australian dollar-denominated bonds due in May 2015. NAB is acting as a manager in the transaction.
These bonds, with an estimated value of A$500 million, are expected to yield 180-185 basis points more than swap rates.
Earlier in February 2011, Morgan Stanley sold Australian denominated notes worth A$850 million yielding 7.625% with maturity date scheduled in March 2016. The notes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Northrop Grumman To Cut Jobs

Posted: 16 May 2011 06:57 AM PDT

Northrop Grumman Corporation (NYSE:NOC) announced its plans to lay off about 200 employees by the end of May. Per company spokesman Jack Martin Jr. the four Baltimore-area facilities: the Electronic Systems division’s Linthicum headquarters and facilities in Annapolis, Sykesville and Elkridge, will mostly face the axe. Apart from Baltimore other facilities in Virginia, Connecticut and Florida will also see some lay-offs.
Northrop Grumman's lay-off plans come on the heel of a slowdown in defense … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Pare Losses On Soft U.S. Dollar

Posted: 16 May 2011 06:56 AM PDT

Forex Pros – Crude oil futures pared losses on Monday, easing off a daily low as the U.S. dollar turned lower after investors downplayed the impact of International Monetary Fund chief Dominique Strauss-Kahn&rsquo;s arrest on sexual-assault charges on Sunday. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded at USD99.19 a barrel during U.S. morning trade, dipping 0.25%.&nbsp; <br /><br />It earlier dropped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Completes A 5-Wave Triangle

Posted: 16 May 2011 06:54 AM PDT

Gold's Weakness Contained in Rising Channel While Silver Slid Lower (5/12)
Gold (XAU/USD)

Short-Term to Medium-Term- Gold has been consolidating, but the weakness  has been contained within a rising channel, and supported by the 200SMA in the 4H chart.
- The momentum is still bearish in the short-term, but if the RSI reading in the 4H chart rises above 60, it is ranging instead of bearish.
- A return to 1575 is possible with a break above the 61.8% retracement level near 1530.
- The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NTT Reports Solid Fiscal 2010

Posted: 16 May 2011 06:32 AM PDT

Nippon Telegraph & Telephone Corp. (NYSE:NTT) declared encouraging financial results for fiscal 2010 (ending March 31, 2011). Based on its strong execution in fiscal 2010, management announced that the company will repurchase common shares worth approximately $3.5 billion in the period between May 16, 2011 to September 30, 2011. This will be around 4.53% of Nippon's total common outstanding shares.
On a GAAP basis, net income in fiscal 2010 was approximately $6,198 million, up 3.5% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Agilent Technologies, Apple, American International Group, CA, Eastman Kodak Company, Nordstrom, NVIDIA, Wells Fargo & Company, Yahoo!

Posted: 16 May 2011 06:32 AM PDT

    Agilent Technologies’ (NYSE:A) Q2 EPS of $0.74, ex-items, topped the Zacks Consensus Estimates of $0.65 per share

    Nvidia’s (NASDAQ:NVDA) Q1 EPS of $0.27 topped the Zacks Consensus Estimate of $0.19 per share

    Alibaba Group restructured the ownership of Alipay without informing Yahoo Inc (NASDAQ:YHOO) and Softbank and shares of Yahoo fell subsequently

    CA Technologies (NASDAQ:CA) reported fourth quarter 2011 adjusted earnings per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Pares Gains After Weak U.S. Manufacturing Data

Posted: 16 May 2011 06:28 AM PDT

Forex Pros – The U.S. dollar pared gains against its Canadian counterpart on Monday, pulling back from a seven-week high, following weaker-than-expected data on New York manufacturing activity.<br /><br />USD/CAD retreated from 0.9770, the pair&rsquo;s highest since March 29 to hit 0.9729 during early U.S. trade, still up 0.48% on the day.<br /><br />The pair was likely to find support at 0.9682, the days low and resistance at 0.9769, the days high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


This Week In The USD: Housing, Manufacturing, And FOMC Minutes On Tap

Posted: 16 May 2011 06:20 AM PDT

Markets were volatile last week as investors became wary of risk once again. Commodities slid as did equities especially in Europe and North America as mostly favorable earnings failed to offset global growth worries and sovereign debt problems continued to roil the Euro-zone. The continuing Greek saga sent the EUR lower against the USD.
While the major theme this week is likely to remain sentiment and the markets pricing in prospects for the global economy and what happens with Greece, we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 16 May 2011 06:19 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: 16 May 2011 06:19 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: 16 May 2011 06:19 AM PDT

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


Euro: Caution

Posted: 16 May 2011 06:19 AM PDT

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


Another Week Of Risk Aversion Sees Dollar Muddled At Outset

Posted: 16 May 2011 06:19 AM PDT

Fresh softness in some commodity prices on Monday kept the dollar in demand while investors tread cautiously ahead of a Monday meeting in Brussels at which Greek officials will plead for further financial assistance. The dollar was ahead of the pack earlier alongside its other safe haven comrades of the Japanese yen and Swiss franc. An unexpectedly sharp fall in the Empire state manufacturing index reminded investors of the impact of rising raw materials.
U.S. Dollar – The dollar was firm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 16 May 2011 06:15 AM PDT

05/16/11 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


EUR/USD Has A Resistance Cluster At 1.42

Posted: 16 May 2011 06:10 AM PDT

EUR/USD Attempting to Continue Downtrend after an AB=CD Retracement (5/13)
EUR/USD

Short-Term to Medium-Term- The EUR/USD slid last Friday after an AB=CD correction. The market starts this week finding support at 1.4060, then resistance at 1.4150. However, if another corrective rally swings from 1.4090, an AB=CD projection targets 1.42.
- 1.42 is also a previous support pivot as well as the 50% retracement level.
- The market should find resistance here, or the bearish scenario would be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. TIC Long Term Purchases Decline In March

Posted: 16 May 2011 06:09 AM PDT

Forex Pros – U.S. Treasury International Capital purchases declined unexpectedly in March, official data showed on Monday.<br /><br />In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities fell to USD24.0 billion in March, after totaling USD27.2 billion in February, whose figure was upwardly revised from USD26.9 billion. <br /><br />Analysts had expected purchases of long-term securities to increase to USD57.7 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Euro Regains Ground Against Yen As Risk Sentiment Lifts

Posted: 16 May 2011 06:04 AM PDT

Forex Pros – The euro edged higher against the yen on Monday, rebounding from a six-week low, as investors downplayed the impact of International Monetary Fund chief Dominique Strauss-Kahn&rsquo;s arrest on sexual-assault charges over the weekend.<br /><br />EUR/JPY clawed back up from 113.43, the pair&rsquo;s lowest since March 24 to hit 114.34 during European afternoon trade, gaining 0.25%.<br /><br />The pair was likely to find short-term support at 113.54, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rent-A-Center Optimizes Return

Posted: 16 May 2011 06:02 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII) in its attempt to optimize its shareholders' return decided to employ its available free cash in raising its quarterly dividend.
The rent-to-own operator raised its quarterly dividend by a whooping 167% to16 cents from 6 cents. The increased dividend will be paid on July 20, 2011to stockholders of record as of July 01, 2011.
The dividend increase reflects the company's sound financial position and well-defined future prospects. The signs of recovery in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Alcoa Join Forces With CDB

Posted: 16 May 2011 06:02 AM PDT

Alcoa Inc. (NYSE:AA) signed a Memorandum of Understanding (MoU) with China Development Bank (CDB) to collaborate on an array of aluminum and related projects both in China and abroad.
As per the agreement, Alcoa will focus on partnering with the Chinese companies on global expansion projects and developing China’s domestic aluminum industry.
Alcoa’s MoU with the CDB will support Alcoa’s expansion around the world through knowledge sharing and potential financing support. Alcoa and CDB will work … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stocks Lack Momentum

Posted: 16 May 2011 06:02 AM PDT

Last week’s erratic trading behavior reflected concerns about the health of the economy. This prompted exists from the more economically sensitive corners of the market, such as commodity and basic material stocks.

Benefiting from this lowering of risk appetite were the more defensive groups, such as healthcare, staples and utilities. This sectoral rotation notwithstanding, the broader stock market has been under pressure as growth concerns have taken center stage. This morning’s soft Empire … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD To Break Out Of Narrow Range In The NY Session

Posted: 16 May 2011 05:48 AM PDT

GBP/USD in a Bearish Breakout with a Wave Equality Projection to 1.6040 (5/13)
GBP/USD

Short-Term to Medium Term- The 1H chart of the GBP/USD shows the market in a tight range to start the week. After finding support at 1.6150, the market also found resistance near 1.6220. The near-term pivot above that is the 1.6240-1.6250 area. The market should start picking up in the NY session for a breakout.
- Above 1.6250, we can retrace back towards the 1.6320 pivot right below 50% retracement.
- The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canada Manufacturing Sales Rise More-than-expected

Posted: 16 May 2011 05:45 AM PDT

Forex Pros – Canadian manufacturing sales rose more-than-expected in March, official data showed on Monday. <br /><br />In a report, Statistics Canada said that manufacturing sales rose by a seasonally adjusted 1.9% in March, after dropping by -1.8% in February, whose figure was revised from a decline of -1.5%. <br /><br />Economists had expected manufacturing sales to rise by 1.6% in March.<br /><br />Manufacturing sales in March rose to CAD47.5 billion. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Stock Futures Decline On EU Debt Fears; Dow Sheds 0.2%

Posted: 16 May 2011 05:39 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Monday, as market sentiment was weighed amid uncertainty over possible euro zone sovereign debt restructuring, while shares in home-improvement retailer Lowe&rsquo;s tumbled ahead of the open.<br />&nbsp;<br />Dow Jones Industrial Average futures pointed a decline of 0.2%, the S&amp;P 500 futures shed 0.35%, while Nasdaq 100 futures dipped 0.25%.&nbsp;&nbsp; <br /><br />Euro zone finance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Edward Tufte: Information Sage/Graphics Guru

Posted: 16 May 2011 05:38 AM PDT

From the Washington Monthly article “The Information Sage: Meet Edward Tufte, The Graphics Guru to the Power Elite Who Is Revolutionizing How We See Data”:

“Edward Tufte occupies a revered and solitary place in the world of graphic design. Over the last three decades, he has become a kind of oracle in the growing field of data visualization—the practice of taking the sprawling, messy universe of information that makes up the quantitative backbone of everyday life and turning it into an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Empire State Manufacturing Index Plunges In May

Posted: 16 May 2011 05:37 AM PDT

Forex Pros – The New York Federal Reserve&rsquo;s index of manufacturing conditions fell significantly more-than-expected in May, official data showed on Monday.<br /><br />In a report, the Federal Reserve Bank of New York said that its general business conditions index tumbled to 11.9 in May, after climbing to 21.7 in April. <br /><br />Analysts had expected the index to decline to 19.6 in May.<br /><br />On the index, a reading above 0.0 indicates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DuPont Increases Product Prices

Posted: 16 May 2011 05:32 AM PDT

DuPont Titanium Technologies, a part of  EI DuPont de Nemours & Co. (NYSE:DD) announced a net price increase of $500/metric ton for all DuPont Ti-Pure titanium dioxide (TiO2) grades sold in Latin America. The price increase is effective from July 1, 2011.
Recently,DuPont also stressed on spending approximately $500 million to increase titanium dioxide production by 350,000 metric tons over the next three years. The expansion includes new production facilities at the company’s Altamira, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CHF/JPY Threatens Bearish Momentum In A Pullback

Posted: 16 May 2011 05:27 AM PDT

CHF/JPY Forms Double Top…(5/12)
CHF/JPY

Short-Term to Medium Term- The CHF/JPY is see in the 1H chart testing a declining channel resistance, while the RSI reading is cracking 60.
- This is threatening the short-term bearish outlook. A break above 91.80 suggests a bullish outlook.
- The 4H RSI shows medium term ranging mode as it has broken above 70 and below 30 alternately.
- The daily chart shows this ranging mode in a double top. The RSI cracked below 40, so the bullish momentum is on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Telekomunikasi Improves In 1Q11

Posted: 16 May 2011 05:22 AM PDT

P.T. Telekomunikasi Indonesia Tbk. (NYSE:TLK), the largest integrated telecom operator of Indonesia, declared solid financial results for the first quarter of 2011. Quarterly, total revenue was $1,918.6 million, up 2.1% year over year. This was primarily attributable to the increase in Cellular revenue coupled with increase in Network revenue and Other telecommunications services revenue.
Net income in the first quarter of 2011 was $438.3 million, up 0.6% year over year. Quarterly EPADS (Earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed Vs. Rivals As Euro Zone Debt Woes Persist

Posted: 16 May 2011 05:08 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as the arrest of International Monetary Fund chief Dominique Strauss-Kahn on charges of attempted rape added to existing uncertainty about the euro zone debt crisis.<br /><br />During European afternoon trade, the greenback was slightly lower against the euro, with EUR/USD inching up 0.06% to hit 1.4128.<br /><br />Euro zone finance ministers were to meet later in the day to discuss … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk-Off Trading Holds Sway Amid Falling Commodities & Equities, Market Awaits Euro-zone Finance Ministers Meeting

Posted: 16 May 2011 04:44 AM PDT

We begin the week much were we left off last week, with commodities on the backfoot amid general risk aversion in currency markets, though generally the market seemed a bit subdued. With concern still very high around what will happen with Greece, traders looked for safety in the Swiss Franc, which gained against both the USD and EUR.
There is a scheduled meeting of euro-area finance ministers that is set to begin in the following European session in order to discuss the next steps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Extends Losses Amid Growing Risk Aversion

Posted: 16 May 2011 04:35 AM PDT

Forex Pros – The pound extended losses against the U.S. dollar on Monday, falling to a daily low as uncertainty over possible euro zone sovereign debt restructuring added to overall risk aversion and lifted the greenback.<br /><br />GBP/USD hit 1.6160 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.6178, shedding 0.11%.<br /><br />Cable was likely to find short-term support at 1.6145, Friday&rsquo;s low and a six-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Weekend Assaults: Dominique Strauss-Kahn, Greece, And Goldman Sachs

Posted: 16 May 2011 04:17 AM PDT

What a weekend. I would like to comment on two specific situations.

1. Dominique Staruss-Kahn
Just when you think the world could not suffer any further 'assaults' from global financial executives on our sense of decency and the virtuous pursuit of truth, transparency, and integrity, enter IMF chief Dominique Strauss-Kahn. While Kahn obviously is innocent until proven guilty and is entitled to due process, his arrest this weekend in New York City on charges of sexual assault upon a hotel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s This Week In Wall Street History

Posted: 16 May 2011 04:00 AM PDT

03/16/11 In this episode, the spotlight shines on the Standard Oil Company and the pivotal role it played in finance, politics, business law, and business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Close To 6-week Low Ahead Of EU Fin Min Talks

Posted: 16 May 2011 04:00 AM PDT

Forex Pros – The euro was trading close to a six-week low against the U.S. dollar on Monday, ahead of the resumption of talks by European Union finance ministers to discuss further financial assistance to Greece and Portugal.<br /><br />EUR/USD hit 1.4048 during European early afternoon trade, the pair&rsquo;s lowest since March 28; the pair subsequently consolidated at 1.4114, dipping 0.03%.<br /><br />The pair was likely to find support at 1.3868, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Three Things To Watch This Week

Posted: 16 May 2011 03:59 AM PDT

The broad market has spent the last two weeks dealing with pressure from the commodity sector. The CME tightening of margin requirements to reign in speculation has impacted the price of the precious metals and energy commodities pushing them lower. How long and how much of a lasting effect this will have on prices is yet to be seen, but in the short term the impact has been direct and swift. As we start a new week what are a we watching?

First, retail remains in the forefront with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Slides To Daily Low As Risk Appetite Sours

Posted: 16 May 2011 03:50 AM PDT

Forex Pros – The U.S. dollar slipped to a daily low against the Swiss franc on Monday, as the arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual assault charges added to existing uncertainty about the euro zone debt crisis.<br /><br />USD/CHF hit 0.8874 during European late morning trade, the daily low; the pair subsequently consolidated at 0.8888, shedding 0.43%.<br /><br />The pair was likely to find short-term support at 0.8797, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Firmer After Comments That The EU Expects Finance Ministers To Support Portugal Program.

Posted: 16 May 2011 03:27 AM PDT

Expects Greece to deliver on implementing budget program.
Says it is making important efforts to ease Greek loan maturities and rates.
Debt restructuring not in the cards for Greece.
Says no such thing as "soft … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s Wall Street Lingo: Point Of Sale & Parity

Posted: 15 May 2011 10:00 PM PDT

05/16/11 Ths week, Stephen Guilfoyle of Meridian Equity Partners gives us an in-depth definition of the terms “Point of Sale” and “Parity” and the role these terms play for traders at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Investor Sentiment: The Market Lacks Umph!!

Posted: 14 May 2011 05:25 PM PDT

It is becoming clearer by the week that the rally that was ignited last August on the heels of QE2 is running out of gas.  If prices did move higher, it is possible that this could be construed as bullish as it does take bulls to make a bull market.  But being so late in the rally, it would seem that any potential gains would be just crumbs to the gains that have already been made. Furthermore, without a sell off to move investors and cash to the sidelines, it is hard to see a rally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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