Friday, May 13, 2011

DailyMarkets.com - Euro Zone GDP Rises More-than-expected

DailyMarkets.com - Euro Zone GDP Rises More-than-expected


Euro Zone GDP Rises More-than-expected

Posted: 13 May 2011 02:10 AM PDT

Forex Pros – Gross domestic product in the euro zone rose more-than-expected in the last quarter, preliminary official data showed on Friday.<br/><br/>In a report, Eurostat said that GDP rose to a seasonally adjusted 0.8%, from 0.3% in the preceding quarter.<br/><br/>Analysts had expected GDP to rise 0.6% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Glash GDP (q/q) 0.8%; Better Than Expected.

Posted: 13 May 2011 02:03 AM PDT

Forex – EUR/USD Up In European Trading Hours

Posted: 13 May 2011 01:55 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4319, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, Thursday&rsquo;s low, and resistance at 1.4442, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.57% to hit 0.8794 and EUR/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Lower After Moody’s Downgrades The Rating Of Greek Structured Finance Transactions.

Posted: 13 May 2011 01:30 AM PDT

Silver’s New Trading Range

Posted: 13 May 2011 01:26 AM PDT

Silver's destiny with its 200-day moving average appears to be sealed this week as a brief bounce earlier in the week failed at the 50-day moving average.  From peak to trough so far this correction has run about 35%, which is still less than the 37% correction silver underwent from its parabolic peak in 2006.  And the rally in 2005-2006 for silver was dwarfed by this recent run.  In 2005-2006 silver went from $6.64 to $15.21 for a 129% gain.  The 2010-2011 rally took … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The European Session

Posted: 13 May 2011 01:10 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6296, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6235, Thursday&rsquo;s low, and resistance at 1.6517, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.46% to hit 0.8784 and GBP/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Markets Mixed At Close; Nikkei Down 0.70%

Posted: 13 May 2011 12:00 AM PDT

Forex Pros – Asian stocks were mixed after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index fell 0.70%, Australia&rsquo;s S&P/ASX 200 index gained 0.23%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.32% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.06%, S&P 500 futures pointed to an increase of 0.11% and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Falls After ECB’s Nowotny Says It Appears Greece Has Not Sufficiently Fullfilled Rescue Package Terms Of Late.

Posted: 12 May 2011 11:53 PM PDT

Momentum Stock: CARBO Ceramics, Inc.

Posted: 12 May 2011 11:02 PM PDT

CARBO Ceramics, Inc. (NYSE:CRR) recently surged higher into a new all-time high after reporting strong Q1 results that came in ahead of expectations. With an average earnings surprise of 21% over the last four quarters and a bullish growth projection, this Zacks #1 rank stock is a top momentum player.
Company Description
CARBO Ceramics, Inc. manufactures and supplies ceramic propant that energy exploration companies use in the crude and natural gas production process. The company was founded in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Caterpillar Inc. (CAT)

Posted: 12 May 2011 11:02 PM PDT

Caterpillar Inc.’s (NYSE:CAT) first-quarter EPS jumped to an all-time quarterly record of $1.84 from $0.36 in the year-ago quarter, driven by higher sales volume. Revenues surged 57% to $12.95 billion due to continued economic growth and improvement in machine demand.
For 2011, Caterpillar expects revenues in the range of $52 billion to $54 billion and EPS of $6.25 to $6.75, the highest profit in the company’s history. Caterpillar’s strong brand name, pricing power and global dealer network enable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Northeast Utilities

Posted: 12 May 2011 11:02 PM PDT

The harsh winter on the East Coast may have frustrated New Englanders, but shareholders of Northeast Utilities (NYSE:NU) aren’t complaining. On May 5, NU reported better than expected first quarter results due in large part to much colder weather.
Earnings per share came at 69 cents, 10% above the Zacks Consensus Estimate, marking the company’s third straight earnings beat.
The company has also been consistently raising its dividend – a dividend that currently yields a solid 3.1%. It is a Zacks #2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Eastman Kodak Co. (EK)

Posted: 12 May 2011 11:02 PM PDT

We maintain an Underperform recommendation on Eastman Kodak (NYSE:EK) on the basis of a competitive market situation, where the company encounters aggressive price competition for all its products and services. The pressure of overcapacity in film industry and digital transition also poses a risk.
The company’s huge exposure to volatile products is also a matter of concern as the rise in raw material prices and currency fluctuations may affect profitability. Moreover, Kodak’s huge dependence on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Kadant, Inc

Posted: 12 May 2011 11:02 PM PDT

Kadant Inc. (NYSE:KAI) continues its impressive streak of topping expectations. The company also guided higher resulting in dramatic upward estimate revisions from analysts.
Shares are a Zacks #1 Rank (Strong Buy) with great growth rates, but also trade with attractive valuations.
Company Description
Kadant is a supplier to the pulp and paper industry. The company’s products are also used in the steel, rubber, food and other industries.
Getting Better and Better
Since being featured on Mar 1, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 12 May 2011 10:50 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4228, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, Thursday&rsquo;s low, and resistance at 1.4442, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8750 and EUR/JPY falling 0.55% 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: 12 May 2011 10:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6260, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6235, Thursday&rsquo;s low, and resistance at 1.6517, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8748 and GBP/JPY falling 0.57% 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: 12 May 2011 10:00 PM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2590, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.2485, Monday&rsquo;s low, and resistance at 1.2702, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.25% to hit 1.4210 and EUR/JPY falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 12 May 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8873, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.8708, Monday&rsquo;s low, and resistance at 0.8904, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.36% to hit 1.4194 and USD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down During The Asian Session

Posted: 12 May 2011 09:20 PM PDT

Forex Pros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8738, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.8674, Thursday&rsquo;s low, and resistance at 0.8818, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.35% to hit 1.4197 and EUR/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 12 May 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 80.86, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday&rsquo;s low, and resistance at 81.32, 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 1.4202 and GBP/USD falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In Asian Trading Hours

Posted: 12 May 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9642, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday&rsquo;s low, and resistance at 0.9696, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.27% to hit 1.4207 and GBP/USD falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down During Asian Trade

Posted: 12 May 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0637, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.0568, Thursday&rsquo;s low, and resistance at 1.0889, Wednesday&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 1.3353 and AUD/JPY falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 12 May 2011 07:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4196, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, Thursday&rsquo;s low, and resistance at 1.4442, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8737 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Maintains Bearish Momentum After 50% Retracement

Posted: 12 May 2011 06:42 PM PDT

EUR/USD Targets 1/40 with Confirmation of Bearish Continuation (5/12)
Status of USD-Recovery (5/12 Video)
EUR/USD

Short-Term- After a break below 1.4130, the market did not confirm the breakout in the US session, and instead rallied to the 50% retracement.
- By the start of the Asian session however, the 1H chart shows the market rejected at the 50% level at 1.4280. The RSI reading in the 1H chart also remained below 60, reflecting a maintenance of the bearish momentum.
- If the market can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down During Asian Trade

Posted: 12 May 2011 06:35 PM PDT

Forex Pros – The Euro was lower against the Japanese Yen on Friday.<br/><br/> EUR/JPY was trading at 114.89, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 114.19, Thursday&rsquo;s low, and resistance at 116.89, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.38% to hit 1.4192 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


On Their Feet. Or Not.

Posted: 12 May 2011 05:46 PM PDT

The Commerce Department today reported that retail sales rose for a 10th month in a row in April.
Hooray! I guess that means the consumer is well and truly back on his (or her) feet.
Or not.
You see, despite unprecedented fiscal and monetary stimulus, the injection of so-called “squatter's rent” (the increase to income from withheld mortgage payments), the wealth effect stemming from rising stock prices, and population growth of nearly one percent a year (which naturally boosts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down During The Asian Session

Posted: 12 May 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 131.59, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 131.24, Thursday&rsquo;s low, and resistance at 134.03, Wednesday&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 0.10% to hit 1.6275 and EUR/GBP falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Daily Fundamental Analysis For May 13, 2011

Posted: 12 May 2011 08:34 AM PDT

By ForexMansion.com
The USD/CAD pair rose on Thursday, where a huge wave of pessimism dominated financial markets that forced investors to invest in low yielding assets amid the risk aversion wave in markets, and accordingly, the Canadian dollar dropped against the U.S. dollar, which pushed the pair to rise, where tightening monetary policy in China, in addition to worse than expected retail sales and rising inflation in the United States, which pushed commodity prices to drop, all combined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex News – China Tightening, Falling Commodities, And Worse Than Expected U.S. Data And Earnings Weigh Down On Confidence.

Posted: 12 May 2011 04:11 AM PDT

By ForexMansion.com
The gloomy picture in global financial markets continued on Thursday, where investors continued to target low yielding assets as commodities, stocks, and major currencies dropped. The pessimism was caused by several factors including China's decision to raise the reserve requirements for banks, in addition to falling commodity prices amid the dollar's weakness, worse than expected financial results from Cisco System, and worse than expected data from the United States, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Daily Fundamental Analysis For May 13, 2011

Posted: 12 May 2011 03:28 AM PDT

By ForexMansion.com
The UK ends the week with no data, where, on the other hand, at 12:30 GMT the US will release CPI for April where the annual reading is expected to soar to 3.1% from 2.7%. As of 13:55 GMT, University of Michigan confidence for May is predicted to rise to 70.0 from 69.8.
Manufacturing data from the UK released on Thursday did not provide any support to the pound which continued its drop against the dollar, pulling the pair to the downside. Manufacturing production soared to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Daily Fundamental Analysis For May 13, 2011

Posted: 12 May 2011 03:27 AM PDT

By ForexMansion.com
 
The week ends with the release of Swiss producer and import prices for April at 07:15 GMT, where the annual reading is predicted to rise to 0.5% from 0.4%. At 12:30 GMT, the US will release CPI for April where the annual reading is expected to soar to 3.1% from 2.7%. As of 13:55 GMT, University of Michigan confidence for May is predicted to rise to 70.0 from 69.8.
Producer and import prices in Switzerland may have effect on the franc as it will provide further clues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Daily Fundamental Analysis For May 13, 2011

Posted: 12 May 2011 03:15 AM PDT

By ForexMansion.com
The EUR/USD pair continued to trade with heavy volatility on Thursday amid the debt burdens haunting the euro and rising woes over the outlook for the global recovery which kept the dollar stronger as the commodities rout extended and equities moved south.
Downside pressures are evident on the euro, which kept the single currency weak and biased to the downside. We did not have any new developments on the debt crisis in the euro area which kept the door open for speculation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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