DailyMarkets.com - CIG Reports Positive 1Q Results
DailyMarkets.com - CIG Reports Positive 1Q Results |
- CIG Reports Positive 1Q Results
- Respite For Big Oil
- BioMarin Upped To Neutral
- Jones Lang: Largest CRE Broker In UK?
- AES’ Financing Plans For DPL Buy
- A.C. Moore Beats On Weak Sales
- Earnings Scorecard: Kimco Realty
- Earnings Preview: Autodesk Inc.
- Hot Option Plays: Expiration Unwind
- Rare Earth Stocks Reaching Key Support Levels
- Forex – AUD/USD Down In U.S. Trade
- Analog Devices Posts Solid Q2
- Merck Ties With Roche On HCV Cure
- M&I Shareholders Approve Merger
- Forex – NZD/USD Up During The U.S. Session
- Options Traders Don Aeropostale Options Ahead Of Earnings
- “Action In Market…dollar Related”
- Smucker Buys Rowland Coffee
- AMMD Inks Research Contract
- Abercrombie Coasts Ahead
- Dick’s Outperforms
- International Paper To Reopen Mill
- The Stress Test Story Continues
- Hospira Upped To Neutral
- Forex – GBP/USD Down In U.S. Trade
- Saks Beats, Outlook Positive
- Skyworks Acquires SiGe
- Skyworks Acquires SiGe
- DOW Invests In Packaging Center
- Plains Shells Out On Infrastructure
- European Markets Close Higher; Dax Up 0.65%
- British Pound Takes A Hit On Jobs Data
- Analyst Interviews: Oil & Gas Industry Outlook
- Thermo Fisher Reaffirmed At Neutral
- Shire Inks Biotech Deal
- Northern Trust On Acquisition Spree
- America Movil Invests In Argentina
- Weak Earnings For Staples, Lowers Guidance
- Aggressive Growth Stock: Perceptron, Inc (Revised)
- Earnings Preview: GameStop
- Earnings Preview: GameStop
- May 18 Checkup On Bullishly Diverging Market Internals
- Aggressive Growth Stock: Perceptron, Inc
- Commentary Test
- Sunoco Logistics Acquires Pipeline
- Forex – EUR/USD Up At The End Of European Session
- Forex Trading: EURUSD At Key Level…
- BP In Deep Waters
- Aggressive Growth Stock: Perceptron, Inc
- BMC Software’s Remedy For Lumen21
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Key ST Resistance At 98
- Bonds Run Out Of Steam Ahead Of FOMC Minutes
- Deere Tops Zacks, Ups Guidance
- CRA Upgraded To Outperform
- SanDisk To Acquire Pliant Tech
- Natural Gas Futures Rebound On Warm Weather Outlook
- Forex Trading: EURUSD Remains Between The “Goal Posts”
- Word From The Floor: Wall Street Digests Mixed Earnings
- Forex – Dollar Makes Modest Gains As EZ Debt Uncertainty Persists
- Crude Oil Futures Sharply Higher After U.S. EIA Inventory Data
- Forex Trading: USDJPY Pauses After Move Higher
- Forex – GBP/USD Hits 6-week Low After U.K. Jobs Data, BoE Minutes
- Currency Markets Trade Choppy Despite Higher Commodities, ECB Against Reprofiling
- Crude Trades Above $98 On API Report
- Wall Street’s Meaningless ‘Mea Culpas’
- Tristel Signs Up More NHS Trusts For Surfaces Product Range
- AMEC Buys MACTEC To Strengthen US Engineering And Environmental Business
CIG Reports Positive 1Q Results Posted: 18 May 2011 12:02 PM PDT Companhia Energetica de Minas Gerais (NYSE:CIG), known as CEMIG, reported encouraging results for the first quarter of 2011 as the company's net income rose 1% year over year to R$526 million (US$316.9 million). |
Posted: 18 May 2011 12:02 PM PDT A bill to scale back multibillion-dollar tax breaks for major oil firms was defeated in the U.S. Senate on Tuesday. The Democrat-sponsored measure to strip the companies of about $21 billion in tax subsidies over the next 10 years and steer the savings to reduce the federal budget deficit fell short of the 60-vote threshold after Republican opposition. |
Posted: 18 May 2011 12:02 PM PDT We are upgrading BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to Neutral from Underperform following its better-than-expected performance in the first quarter of 2011. |
Jones Lang: Largest CRE Broker In UK? Posted: 18 May 2011 11:33 AM PDT According to a report published in the 'Property Week' – a U.K.-based business-to-business magazine which reports on the worldwide commercial and residential property market, Jones Lang LaSalle Incorporated (NYSE:JLL) is currently under negotiation to acquire the London-based real estate broker King Sturge LLP, one of the largest international property consultancy firms. |
AES’ Financing Plans For DPL Buy Posted: 18 May 2011 11:27 AM PDT The AES Corporation (NYSE:AES) said it plans to arrange finance with the help of a new syndicated senior secured term loan facility up to an aggregate principal amount of $1.05 billion to fund its DPL Inc. (NYSE:DPL) buy. Under the facility, AES Corp. will issue debt securities and utilize the proceeds to pay certain fees and expenses related to the DPL transaction. |
A.C. Moore Beats On Weak Sales Posted: 18 May 2011 11:27 AM PDT Berlin, New Jersey-based A.C. Moore Arts & Crafts, Inc (NASDAQ:ACMR) reported a loss of 30 cents in the first quarter of 2011, edging out the Zacks Consensus Estimate of a loss of 32 cents and the year-ago quarter’s loss of 31 cents. However, the company continues to report a deficit due to poor sales. |
Earnings Scorecard: Kimco Realty Posted: 18 May 2011 11:27 AM PDT Kimco Realty Corp. (NYSE:KIM), a leading real estate investment trust (REIT), reported fiscal 2011 first quarter recurring funds from operations (FFO) of 30 cents per share, which was in line with the Zacks Consensus Estimate. Fund from operations, a widely used metric to gauge the performance of REIT, is obtained after adding depreciation and amortization and other non-cash expenses to net income. |
Earnings Preview: Autodesk Inc. Posted: 18 May 2011 11:27 AM PDT Autodesk Inc. (NASDAQ:ADSK) is scheduled to announce its first quarter 2012 results on May 19, 2011. We do not see any major variation in analysts' estimates in the run-up to the earnings report. |
Hot Option Plays: Expiration Unwind Posted: 18 May 2011 11:18 AM PDT Cusick’s Corner |
Rare Earth Stocks Reaching Key Support Levels Posted: 18 May 2011 11:17 AM PDT The prices of rare earth oxides are blasting through the stratosphere. Manufacturers are driving prices in their haste to involve the materials in production of hybrid vehicles, wind turbines, and the most high tech applications of which many sophisticated investors are unaware. These producers need the rare earth ore and are willing to pay for it on the world markets. |
Forex – AUD/USD Down In U.S. Trade Posted: 18 May 2011 11:15 AM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0623, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.0506, Tuesday’s low, and resistance at 1.0716, Friday’s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.22% to hit 1.3428 and AUD/JPY rising 0.12% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 18 May 2011 11:02 AM PDT Analog Devices' (NYSE:ADI) fiscal second quarter earnings beat the Zacks Consensus Estimate by 11 cents, or 16.2%. Revenue was also better than expectations, beating by around 6.0%. |
Merck Ties With Roche On HCV Cure Posted: 18 May 2011 11:02 AM PDT Merck & Co. Inc. (NYSE:MRK) recently entered into agreements with Roche Holdings Ltd. (RHHBY) to bring about an improvement in the treatment, diagnosis and awareness of chronic hepatitis C (HCV) infection in developed and emerging markets. |
M&I Shareholders Approve Merger Posted: 18 May 2011 11:02 AM PDT On Tuesday, the shareholders of Marshall & Ilsley Corporation (NYSE:MI) approved its merger deal with Canada-based Bank of Montreal (NYSE:BMO). The percentage of shareholders who consented to the impending merger was not disclosed. |
Forex – NZD/USD Up During The U.S. Session Posted: 18 May 2011 10:50 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7883, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, Monday’s low, and resistance at 0.7966, Friday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.55% to hit 1.3464 and EUR/NZD falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Options Traders Don Aeropostale Options Ahead Of Earnings Posted: 18 May 2011 10:41 AM PDT Options traders don Aeropostale options ahead of earnings |
“Action In Market…dollar Related” Posted: 18 May 2011 10:40 AM PDT 05/18/11 Mogavero & Lee’s Doreen Mogavero discusses the major stock averages turning higher on a weaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 18 May 2011 10:32 AM PDT J.M. Smucker Co. (NYSE:SJM) announced the completion of the buyout of Florida-based Rowland Coffee Roasters Inc. for $360 million. As reported by management, the transaction was completed with cash on hand and borrowings under its existing credit facility. |
Posted: 18 May 2011 10:32 AM PDT Leading pelvic-health devices provider American Medical Systems (NASDAQ:AMMD) recently signed a research grant contract for six sites to analyze safety, anatomical and functional results of two alternative treatments for vaginal prolapse. The Anterior Colporrhaphy is a technique that utilizes traditional suture placation compared with the Elevate Anterior and Apical Prolapse Repair System. |
Posted: 18 May 2011 10:32 AM PDT Abercrombie & Fitch Co. (NYSE:ANF) registered earnings of 27 cents a share in the first quarter of fiscal 2011, thereby surpassing the Zacks Consensus Estimate of 11 cents a share and beating substantially the prior-year net loss of 13 cents per share. |
Posted: 18 May 2011 10:32 AM PDT Dick’s Sporting Goods Inc. (NYSE:DKS), an authentic full-line sporting goods retailer, posted strong first quarter 2011 results, ended April 30, 2011, on the heels of higher sales and improved margins. |
International Paper To Reopen Mill Posted: 18 May 2011 10:32 AM PDT International Paper Co. (NYSE:IP) is investing $83 million to reopen part of a closed mill in Virginia’s Isle of Wight County, creating more than 210 jobs. |
The Stress Test Story Continues Posted: 18 May 2011 10:03 AM PDT According to a Financial Times report spotted on Tuesday, U.S. banks will have to go through stress tests every year to prove their financial ability to confront another recession. This annual drill is a requirement of the Federal Reserve, which also could hold the right to ban capital deployment activities of unsuccessful banks. |
Posted: 18 May 2011 10:03 AM PDT We recently upgraded Hospira Inc. (NYSE:HSP) to Neutral from Underperform following better-than-expected first quarter 2011 results. |
Forex – GBP/USD Down In U.S. Trade Posted: 18 May 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change.<br/><br/> GBP/USD was trading at 1.6174, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, today’s low, and resistance at 1.6309, Friday’s high.<br/><br/> Earlier in the day, official data showed that the U.K. claimant count change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 18 May 2011 09:57 AM PDT Saks Incorporated (NYSE:SKS) delivered a first-quarter 2011 net income (excluding one-time items) of 17 cents a share, compared with a net income of 11 cents in the year-ago quarter. The year-over-year improvement in the quarter reflects strong same-store sales growth and gross margin expansion. |
Posted: 18 May 2011 09:57 AM PDT Skyworks Solutions (NASDAQ:SWKS) announced that it will acquire fabless semiconductor company SiGe Semiconductor for $210 million. Additionally, the company agreed to pay $65 million on achievement of certain milestones. The transaction is expected to close in June, 2011. |
Posted: 18 May 2011 09:57 AM PDT Skyworks Solutions (NASDAQ:SWKS) announced that it will acquire fabless semiconductor company SiGe Semiconductor for $210 million. Additionally, the company agreed to pay $65 million on achievement of certain milestones. The transaction is expected to close in June, 2011. |
DOW Invests In Packaging Center Posted: 18 May 2011 09:57 AM PDT The global chemical company, Dow Chemical Company (NYSE:DOW) declared that it is making people and technology investments in a Packaging Center of Excellence in Horgen, Switzerland to better serve the needs of the packaging industry across Europe, the Middle East and Africa. |
Plains Shells Out On Infrastructure Posted: 18 May 2011 09:57 AM PDT Plains All American Pipeline L.P. (NYSE:PAA) decided to invest $330 million in infrastructure development projects to meet the increasing production from the Eagle Ford shale in South Texas. |
European Markets Close Higher; Dax Up 0.65% Posted: 18 May 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany’s DAX rose 0.65%, London’s FTSE 100 gained 1.07%, France’s CAC 40 climbed 0.92% and the EURO STOXX 50 was up 0.62%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.25%; the S&P 500 index gained 0.49%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
British Pound Takes A Hit On Jobs Data Posted: 18 May 2011 04:45 AM PDT 05/18/11 The British pound dropped against most of its major counterparts today after jobless claims reached a more than 3-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Analyst Interviews: Oil & Gas Industry Outlook Posted: 18 May 2011 09:32 AM PDT OUTLOOK Crude Oil The improving economic scene — both here in the U.S. as well as worldwide — and the continued unrest in producing countries had been the main driver of the oil rally that saw the commodity zoom past the $110 per barrel level last month. However, apprehensions about soaring U.S. crude stocks — currently at their highest level in two years — and worries that China's tightening monetary policy in response to inflationary pressures may bring down its growth momentum, have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Thermo Fisher Reaffirmed At Neutral Posted: 18 May 2011 09:32 AM PDT Recently, we reaffirmed our Neutral recommendation on Thermo Fisher Scientific (NYSE:TMO) with a target price of $65.00. |
Posted: 18 May 2011 09:32 AM PDT Mergers and acquisitions continue in the pharma sector with Shire (NASDAQ:SHPGY) recently announcing its intention to acquire the privately held regenerative medicine company Advanced BioHealing. |
Northern Trust On Acquisition Spree Posted: 18 May 2011 09:32 AM PDT Northern Trust Corporation (NASDAQ:NTRS) is on an acquisition spree. The latest acquisition that the company has agreed to is that of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern Trust's capabilities and create an industry-leading hedge fund administration platform for institutional investors. |
America Movil Invests In Argentina Posted: 18 May 2011 09:32 AM PDT Mexican telecom giant, America Movil (NYSE:AMX) reported it will invest $1 billion in 2011 toward telecommunication services in Argentina. The investments will be primarily dedicated toward developing cellular, broad brand and fourth generation (4G) mobile services. |
Weak Earnings For Staples, Lowers Guidance Posted: 18 May 2011 04:30 AM PDT 05/18/11 Staples Incorporated reported lower-than-expected quarterly results on higher costs and weak … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Aggressive Growth Stock: Perceptron, Inc (Revised) Posted: 18 May 2011 09:12 AM PDT Perceptron, Inc. (NASDAQ:PRCP) is finalizing what could be game changing technology. But even without that, the company is doing well. |
Posted: 18 May 2011 09:12 AM PDT GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, is scheduled to report its first-quarter 2011 financial results on Thursday, May 19, 2011. The current Zacks Consensus Estimate for the quarter is 54 cents a share. For the quarter under review, revenue is $2,231 million, according to the Zacks Consensus Estimate. |
Posted: 18 May 2011 09:12 AM PDT GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, is scheduled to report its first-quarter 2011 financial results on Thursday, May 19, 2011. The current Zacks Consensus Estimate for the quarter is 54 cents a share. For the quarter under review, revenue is $2,231 million, according to the Zacks Consensus Estimate. |
May 18 Checkup On Bullishly Diverging Market Internals Posted: 18 May 2011 09:03 AM PDT What are the "Big Three" Market Internals saying about the current structure in the S&P 500? I shared this chart in yesterday's Idealized Trades member report, and we're already seeing the bullish follow-through today that was suggested from the picture in Market Internals. |
Aggressive Growth Stock: Perceptron, Inc Posted: 18 May 2011 09:02 AM PDT Perceptron, Inc. (NASDAQ:PRCP) is finalizing what could be game changing technology. But even without that, the company is doing well. |
Posted: 18 May 2011 09:02 AM PDT Zacks has removed this article. Thank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Sunoco Logistics Acquires Pipeline Posted: 18 May 2011 09:02 AM PDT Sunoco Logistics Partners L.P. (NYSE:SXL) –– a master limited partnership –– acquired controlling interest in a fuel transporter firm Inland Corporation. The purchase price of the deal was settled at $100 million. |
Forex – EUR/USD Up At The End Of European Session Posted: 18 May 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4271, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4339, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.87% to hit 0.8836 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: EURUSD At Key Level… Posted: 18 May 2011 08:58 AM PDT The 200 hour MA target was breached at 1.4272. The high for the day was not. This keeps the pair on alert for a possible reversal back lower. Currently traders are likely to take profit on the failed break. A move back above the 1.4272-77, however should solicit more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 18 May 2011 08:32 AM PDT BP Plc's (NYSE:BP) long-awaited share-swap agreement with Russia’s state-operated oil company, Rosneft collapsed on May 16, at midnight. The extended deadline to complete the transaction passed with the companies failing to come up with a meaningful conclusion. |
Aggressive Growth Stock: Perceptron, Inc Posted: 18 May 2011 08:23 AM PDT Perceptron, Inc. (NASDAQ:PRCP) is finalizing what could be game changing technology. But even without that, the company is doing well. |
BMC Software’s Remedy For Lumen21 Posted: 18 May 2011 08:23 AM PDT BMC Software Inc. (NYSE:BMC) recently clinched a service deal with Lumen21. Financial details of the deal were not disclosed. |
Australian Dollar: The Downside Prevails Posted: 18 May 2011 08:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Canadian Dollar: Key ST Resistance At 98 Posted: 18 May 2011 08:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Bonds Run Out Of Steam Ahead Of FOMC Minutes Posted: 18 May 2011 08:11 AM PDT Rather than asking whether commodity and equity prices would recover, investors earlier kept their powder dry and made a beeline for the safety of government bonds again Wednesday depressing yields to the lowest so far in 2011. But as the morning wears on those who bought on the crest of this latest wave are left wondering if they haven't been handed the bag as treasury prices slip to their lowest of the day on very little news. |
Deere Tops Zacks, Ups Guidance Posted: 18 May 2011 08:07 AM PDT Deere & Company (NYSE:DE) delivered earnings of $2.12 per share in its second quarter ended April 30, 2011, striding ahead of the Zacks Consensus Estimate of $2.06 and 34% above the $1.58 earned in the year-ago quarter. The outperformance was largely driven by a 25% increase in revenues fueled by strong demand for farm machinery coupled with improving conditions in construction and forestry markets. |
Posted: 18 May 2011 08:07 AM PDT We are upgrading our rating on CRA International Inc. (NASDAQ:CRAI), a leading global consulting firm, to Outperform from Neutral. |
SanDisk To Acquire Pliant Tech Posted: 18 May 2011 08:07 AM PDT The leading flash memory storage solutions company, SanDisk Corporation (NASDAQ:SNDK) recently declared its intention of acquiring California-based developer of enterprise solid state drives (SSD), Pliant Technology Inc., for $327.0 million in cash and certain equity-based incentives. |
Natural Gas Futures Rebound On Warm Weather Outlook Posted: 18 May 2011 08:00 AM PDT Forex Pros – utures Pros – Natural gas futures were up on Wednesday, recouping some of the sharp losses suffered in the previous session, after forecasts showed warmer-than-normal weather in the U.S. next week, boosting demand expectations for the fuel. <br /><br />On the New York Mercantile Exchange, natural gas futures for June delivery traded at USD4.221 per million British thermal units during U.S. morning trade, gaining 0.91%.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: EURUSD Remains Between The “Goal Posts” Posted: 18 May 2011 07:58 AM PDT The EURUSD found support against the 1.4185-95 area (see earlier post) where trendline, 100 hour MA and Fibo support were congregating, and the price has moved closer to the top extreme at the 200 hour MA (at 1.4272 – high reached 1.4263). The move higher extended past the 1.4243 level which was Monday's high and support for part of today's trade. Staying above this level will now be eyed if a stronger test of the 200 hour MA is in the cards for today. |
Word From The Floor: Wall Street Digests Mixed Earnings Posted: 18 May 2011 07:50 AM PDT 05/18/11 US stocks eased off from earlier weakness, after opening in negative territory. Earnings from retailers and the tech sector came in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – Dollar Makes Modest Gains As EZ Debt Uncertainty Persists Posted: 18 May 2011 07:45 AM PDT Forex Pros – The U.S. dollar was modestly higher against its major counterparts on Wednesday, as the euro weakened amid ongoing uncertainty over Greek sovereign debt and the pound came under broad selling pressure.<br /><br />During early U.S. trade, the greenback was fractionally higher against the euro, with EUR/USD inching up 0.02% to hit 1.4239.<br /><br />Eurogroup leader Jean-Claude Juncker on Tuesday said there was a need to move towards a “soft restructuring” … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Crude Oil Futures Sharply Higher After U.S. EIA Inventory Data Posted: 18 May 2011 07:42 AM PDT Forex Pros – utures Pros – Crude oil futures extended gains on Wednesday, climbing to a fresh two-day high after a government report showed that U.S. crude oil inventories were unexpectedly unchanged last week. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in June traded at USD99.88 a barrel during U.S. morning trade, rallying 2.5%. <br /><br />It earlier rose as much as 2.8% to USD99.97 a barrel, the highest price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: USDJPY Pauses After Move Higher Posted: 18 May 2011 07:38 AM PDT As per the prior post the USDJPY had a decision to make. The price found support against the 100 bar MA on the 5 minute chart and used it to push higher. The break above the 200 bar MA on the 5 minute chart accelerated the move to the upside. On the downside, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – GBP/USD Hits 6-week Low After U.K. Jobs Data, BoE Minutes Posted: 18 May 2011 07:34 AM PDT Forex Pros – The pound fell to a six-week low against the U.S. dollar on Wednesday, after data showed an unexpected increase in the U.K. claimant count in April, while Bank of England minutes showed policymakers maintained the vote to keep rates unchanged this month.<br /><br />GBP/USD hit 1.6107 during early U.S. trade, the pair’s lowest since April 5; the pair subsequently consolidated at 1.6149, shedding 0.62%.<br /><br />Cable was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Currency Markets Trade Choppy Despite Higher Commodities, ECB Against Reprofiling Posted: 18 May 2011 07:22 AM PDT Overnight, equities were stronger in Asia and Europe as a result of positive earnings from Dell. The news helped to stop what has been a recent slide in equities, which have been pressured by concerns over a slowdown in global demand due to soft US data as well as the latest flare up of the sovereign debt crisis which has focused on the need for some type of Greek debt restructuring. |
Crude Trades Above $98 On API Report Posted: 18 May 2011 02:10 AM PDT 05/18/11 Front monh crude prices rose to trade above $98 a barrel on an earlier decline in the dollar and a rise in stockpiles according the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Wall Street’s Meaningless ‘Mea Culpas’ Posted: 18 May 2011 06:56 AM PDT "I'm sorry. No, really I am. I did not mean to do it….er, I mean we did not mean to do it. I hope nobody got too badly hurt. Oh, sorry if you did. Really, I mean it and we mean it. I think we were well intentioned but things just got a little out of control. We will definitely try to make sure this stuff NEVER happens again…no, really. This time we definitely mean it. Will you still trust us? Please?" |
Tristel Signs Up More NHS Trusts For Surfaces Product Range Posted: 18 May 2011 02:35 AM PDT Tristel (LON:TSTL) , the AIM listed company that makes infection control, contamination control and hygiene products, said today that the number of NHS Trusts adopting its products for surface cleaning and disinfection is continuing to grow. The company has prepared new case studies describing the positive experiences that led to recent conversions to Tristel Fuse at Homerton University Hospital, London, and Tristel Fuse and Tristel Jet at University College London Hospitals NHS Trust. In both … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
AMEC Buys MACTEC To Strengthen US Engineering And Environmental Business Posted: 18 May 2011 01:38 AM PDT Engineering group Amec (LON:AMEC) has moved to bolster its Earth amp; Environmental division by agreeing a deal to acquire US engineering and environmental services company MACTEC for US$280 million. Eamp;E's 170-strong branch network is heavily focused in North America, with a particularly strong presence in the Western US and in Canada. More recently, the division has also worked on expanding its presence in the growth markets of Europe and South America. By contrast, MACTEC's 70 offices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
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