DailyMarkets.com - HP’s Converged Portfolio In Demand

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• HP’s Converged Portfolio In Demand
• DDR To Redevelop Assets For Target
• Ross Profits Rise, Outlook Bright
• CSX Projects Long-Term Growth
• Hot Option Plays: Potential Trap?
• “Big Computer” Made Almost $100 Billion In 2010
• Forex – AUD/USD Up In U.S. Trade
• Credit Card Risks Linger
• BJ’s Wholesale Tops Estimates
• Weak Sales Disappoints Sears
• GameStop Beats On Digital Sales
• Eni Secures Australian Deal
• Limited Brands A Penny Ahead
• Earnings Scorecard: Expeditors
• Forex – NZD/USD Up During The U.S. Session
• Used Home Sales Down, Inventories Up
• Initial Jobless Claims Fall Again
• Sunoco Sheds Frankford Unit
• Buckeye-BP Amend Deal
• Risk Appetite Strong As Dollar & Yen Drops
• Cincinnati Declares Cat Loss Est
• Forex – GBP/USD Up In U.S. Trade
• Iron Mountain Sells Digital Assets
• European Markets Close Higher; Dax Up 0.75%
• Earnings Scorecard: IFF
• Earning Scorecard: DIRECTV
• Internet Bubble 2.0?
• Watson Progresses On Rapaflo
• Synopsys Tops On Revenue Growth
• Forex – EUR/USD Up At The End Of European Session
• Initial Claims Versus The Philly Fed Keeps Bond Traders Hopping
• USD/CAD Is Getting A Chance To Confirm An Inverted Head And Shoulder
• Progressive Beats By A Penny
• Sempra And Soitec Cement Solar Ties
• Australian Dollar: The Downside Prevails
• Canadian Dollar: Key ST Resistance At 98
• EIA Boosts Oil
• Forex Trading: EURUSD In A Non Trending Range. Drawing Remembered Lines
• Crude Rises Above $100
• Forex – Dollar Mixed Vs. Rivals In Directionless Trade
• EUR/USD Ranging Between 1.4210 And 1.43
• Natural Gas Futures Tumble To 1-month Low After U.S. EIA Data
• Homebuilders And Financials: The Economy’s And Market’s Missing Wheel
• Gold Futures Pare Losses After Downbeat U.S. Data
• Champagne On Ice At The Fed
• Forex – GBP/USD Trading In Narrow Range After Mixed U.S. Data
• USD/JPY Completing Corrective Structure With Bearish Divergence
• ECRI Forecasting Global Economic Slowdown
• Tarsus Targets Emerging Market Opportunities With IFO Acquisition
• Lamprell Eyes Greater Market Presence With IMS Acquisition

HP’s Converged Portfolio In Demand Posted: 19 May 2011 11:36 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently announced that a leading property consultant firm Knight Frank LLP has deployed its Converged Infrastructure suite. Financial terms of the deal were not disclosed. U.K.-based Knight Frank LLP provides residential property and commercial property services in 43 countries. Managing the extensive data stored across all its offices worldwide is no mean task. Accordingly, the property dealer enhanced its storage capacity and maximized server utilization with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DDR To Redevelop Assets For Target Posted: 19 May 2011 11:36 AM PDT Developers Diversified Realty Corporation (NYSE:DDR), a real estate investment trust (REIT), has recently announced its plans to demolish two existing shopping malls in Texas and Colorado to allow for the subsequent sale and construction of two new stores for Target Corp. (NYSE:TGT), a leading general merchandise and food discount stores in the U.S. The strategic move is aimed at redeveloping the non-income producing assets in to prime shopping centers to generate steady revenue for the company, as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ross Profits Rise, Outlook Bright Posted: 19 May 2011 11:30 AM PDT Ross Stores Inc. (ROST) reported earnings of $1.48 per share for first-quarter 2011, in line with the Zacks Consensus Estimate. Earnings grew 28.0% from the prior-year figure of $1.16 primarily due to the company’s aptitude in providing attractive brand name bargains to customers who value both quality and price. Financial Details Net sales for the quarter increased 7.0% to $2,075.0 million from $1,934.8 million in the prior-year quarter, beating the Zacks Consensus Estimate of $2,020.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSX Projects Long-Term Growth Posted: 19 May 2011 11:30 AM PDT CSX Corporation (NYSE:CSX) one of the leading rail-based transportation providers in the U.S. projected 20% growth each year in its earnings per share, from fiscal 2010 earnings till 2015. The projection indicates CSX' strong financial performance over the years through solid volume, revenue growth as well as operating ratio improvement. We believe improving economic fundamentals driving favorable demand supply dynamics, cost-control measures as well as higher productivity will fuel future … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Potential Trap? Posted: 19 May 2011 11:19 AM PDT Cusick’s Corner It is hard to see a market top with the shift in retail sentiment from bullish to hedge happening so quickly. The market is moving to the upside with some decent breadth. The Dollar has been weak, a definite catalyst for equities, and the Euro currency found its bid this midday, pushing the EU to the upside into the close of their trading day. Like I said yesterday (with some skepticism), the longs are in control but there is a hint of a potential trap, so stay on your toes. See … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Big Computer” Made Almost $100 Billion In 2010 Posted: 19 May 2011 11:17 AM PDT The “Big Five” made almost $68 billion in profits last year.  No, not the “Big Five” oil companies that made $77 billion last year in profits.  I’m talking about that other “Big Five”: Microsoft ($18.7 billion), IBM ($15 billion), Apple ($14 billion), Intel ($11.4 billion) and Hewlett-Packard ($8.8 billion).  And when you add the next five most profitable computer companies – Google ($8.5 billion), Cisco ($7.8 billion), Oracle ($7.7 billion), Dell ($2.63 billion) and Ebay ($1.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 19 May 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> AUD/USD was trading at 1.0652, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.0506, Tuesday&rsquo;s low, and resistance at 1.0681, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Credit Card Risks Linger Posted: 19 May 2011 11:06 AM PDT Are U.S. credit card users protected now? The answer depends on the type of credit card they are holding. If it’s a small business credit card, which is easily available for customers who do not own even a small business, the risk of facing awful practices by credit card companies is huge. A study released by the Pew Charitable Trust’s Safe Credit Card Project on Wednesday conveys this fact. The small business credit cards are exempt from the CARD (Credit Card Accountability, Responsibility and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BJ’s Wholesale Tops Estimates Posted: 19 May 2011 11:06 AM PDT BJ's Wholesale Club, Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted better-than-expected first-quarter 2011 results on the heels of a rise in traffic, increase in sales of perishable foods and gasoline, and effective cost management. Consequently, the company raised its full year outlook. The quarterly earnings of 63 cents a share beat the Zacks Consensus Estimate of 56 cents, and surpassed its own guidance range of 54 cents to 58 cents. The quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weak Sales Disappoints Sears Posted: 19 May 2011 11:06 AM PDT Sears Holdings Corporation (NASDAQ:SHLD) reported first-quarter 2011 adjusted loss of $1.39 per share, well above the Zacks Consensus Estimated loss of $1.22 per share and plunged drastically from the prior-year quarter earnings of 16 cents per share. Including special items, loss per share came in at $1.58 compared with earnings of 14 cents in the prior-year quarter. The drop in quarterly performance of the company was primarily due to the sluggish top-line performance. The management’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GameStop Beats On Digital Sales Posted: 19 May 2011 11:06 AM PDT GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently posted strong first-quarter 2011 results. The quarterly earnings of 56 cents a share surpassed the Zacks Consensus Estimate of 54 cents and rose 16.7% from 48 cents earned in the prior-year quarter driven by a 53% growth in digital sales. The Zacks Consensus Estimate was stable prior to the earnings announcement with no upward or downward revisions in the analysts' estimates in the past 30 days. Behind … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eni Secures Australian Deal Posted: 19 May 2011 11:06 AM PDT Italian oil giant, Eni SpA (NYSE:E) has entered into a gas drilling agreement with MEO Australia Limited for two discoveries, Heron and Blackwood, in the Timor Sea off northern Australia. The deal is a part of the company's strategy to mark its footprint in Australia and the south-east Asian region. Under the agreement, Eni will secure 50% in the Heron gas discovery by financially backing the drilling of two wells in the Heron Area. However, the Italian company also has a withdrawal clause after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Limited Brands A Penny Ahead Posted: 19 May 2011 11:06 AM PDT Limited Brands, Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted first-quarter 2011 results. The quarterly earnings of 40 cents a share came a penny ahead of the Zacks Consensus Estimate, but rose 60% from 25 cents earned in the prior-year quarter riding on improving sales environment. The quarterly earnings also came ahead of the company's guidance range of 37 cents to 39 cents a share. Let's Dig Deep Limited … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Expeditors Posted: 19 May 2011 11:06 AM PDT A third-party logistics provider, Expeditors International of Washington Inc. (NASDAQ:EXPD) reported robust first quarter 2011 results on May 4. Adjusted earnings per share outpaced the Zacks Consensus Estimate by a nickel and were 14 cents above the year-ago earnings. First Quarter Review Expeditors' net income shot up roughly 50% year over year. Revenues improved comprehensively owing to market share gains and were ahead of the Zacks Consensus Estimate. Airfreight Services, Ocean Freight and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 19 May 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Existing Home Sales.<br/><br/> NZD/USD was trading at 0.7900, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, Monday&rsquo;s low, and resistance at 0.7938, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Used Home Sales Down, Inventories Up Posted: 19 May 2011 10:40 AM PDT In April, Existing Home Sales ran at a seasonally adjusted annual rate of 5.05 million. That pace is 0.8% lower than in March, and 12.9% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was below consensus expectations of a 5.23 million annual rate. March was revised down from an initial read of 5.10 million, to 5.09 million. The history of used home sales is shown in the graph below, (from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Initial Jobless Claims Fall Again Posted: 19 May 2011 10:36 AM PDT Initial Claims for Unemployment Insurance fell by 29,000 last week to 409,000. However, last week was revised up by 4,000, so one could see it as a 25,000 decrease. This was better than the expected level of 420,000. The trend in initial claims has been downward overall, although there have been some bumps along the way. Last month, they started to shoot back up again. That is a very worrisome trend, but this is the second week in a row of big declines (last week was down 44,000), so perhaps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sunoco Sheds Frankford Unit Posted: 19 May 2011 10:36 AM PDT Oil refiner Sunoco Inc. (NYSE:SUN) signed an agreement with Honeywell International (NYSE:HON) for the sale of its Frankford phenol and acetone plant. The price of the Philadelphia-based facility and its inventory is estimated at $85 million, based on market value. Sunoco will likely incur non-cash pre-tax charges of approximately $125 million to $150 million from the sale, primarily in the second quarter of 2011. The deal, pending regulatory approval and customary closing conditions, is expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Buckeye-BP Amend Deal Posted: 19 May 2011 10:35 AM PDT Buckeye Partners L.P. (NYSE:BPL), yesterday, said that its $225 million deal to buy 33 refined petroleum products terminals and 1000 miles of refined petroleum products pipelines from BP Products North America Inc., a wholly owned subsidiary of BP Plc (NYSE:BP), has been modified to exclude BP's stake in Inland Corporation. This modification was the result of some shareholders of Inland exercising their rights of first refusal so that Buckeye has none of Inland’s shares available for purchase. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Appetite Strong As Dollar & Yen Drops Posted: 19 May 2011 10:15 AM PDT 05/19/11 Weak housing and manufacturing data led the way for a dollar decline this afternoon while the Japanese yen also continued to drop after Japan entered another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Declares Cat Loss Est Posted: 19 May 2011 10:05 AM PDT Yesterday, property and casualty insurer Cincinnati Financial Corp. (NASDAQ:CINF) declared a preliminary estimate of about $150–$200 million related to pre-tax catastrophe losses, which will be reflected in its second quarter 2011 results.  The losses mainly emanated from tornadoes in the southern states during the month of April. The industry is believed to have incurred losses of $4–$6 billion from the April tornadoes. The company's loss accounts for 3.0% to 3.75% of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 19 May 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.K. data on Retail Sales.<br/><br/> GBP/USD was trading at 1.6191, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday&rsquo;s low, and resistance at 1.6303, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that retail sales in the U.K. rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Iron Mountain Sells Digital Assets Posted: 19 May 2011 09:59 AM PDT A leading information management company, Iron Mountain Inc. (IRM) recently announced its intention to sell key assets of its digital division including archiving, eDiscovery and online backup to Autonomy Corporation plc for $380 million in cash. The transaction is subject to regulatory review and customary closing conditions and is expected to close within 45 to 60 days. However, Iron Mountain will retain its software escrow business, which is currently a part of its Worldwide Digital Business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.75% Posted: 19 May 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.75%, London&rsquo;s FTSE 100 gained 0.55%, France&rsquo;s CAC 40 climbed 1.25% and the EURO STOXX 50 was up 0.81%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 409K last week from 438K in the preceding week whose figure was revised … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: IFF Posted: 19 May 2011 09:35 AM PDT International Flavors & Fragrances Inc. (NYSE:IFF) posted good results in the first quarter of 2011 compared with a year-ago comparable quarter and also surpassed the Zacks Consensus Estimate. Earnings Review International Flavors & Fragrances' first quarter adjusted earnings per share soared 21% year over year to $1.03 compared with 85 cents in the year-ago quarter. Results were also above the Zacks Consensus Estimate of 94 cents. Net sales in the first quarter were $714 million, up 9% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earning Scorecard: DIRECTV Posted: 19 May 2011 09:35 AM PDT DIRECTV(NASDAQ:DTV), the largest satellite TV operator of the U.S., reported excellent first quarter 2011 financial results, where both earnings per share (EPS) and revenues beat the Zacks Consensus Estimate. The solid result was attributable to double-digit revenue growth, significant margin expansion, and better-than-expected net customer additions. During the quarter, both the U.S and Latin American segment witnessed significant upside in revenue based on strong subscriber growth and higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Internet Bubble 2.0? Posted: 19 May 2011 09:18 AM PDT By Raghu Gullapalli , contributing writer Three years ago, at the peak of the financial crisis, Jamie Dimon's daughter reportedly asked him, "Dad, what's a financial crisis?" His reply, "Something that happens every seven years." The crisis that preceded the current one was caused by hyper inflated valuations of Internet companies, that made no profits and the investors knew little or anything about. Sound familiar? Yes, we could be talking about numerous companies that have hogged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Watson Progresses On Rapaflo Posted: 19 May 2011 09:05 AM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently reported positive data from a mid-stage trial on Rapaflo, for the reduction of symptoms of moderate to severe chronic prostatitis/chronic pelvic pain syndrome (CP/CPPS). Chronic pelvic pain syndrome is characterized by persistent discomfort in the lower pelvic area, thereby affecting the quality of life of the sufferer. Symptoms of CPPS include painful and frequent urination and difficult or painful ejaculation. The trial results demonstrated that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Synopsys Tops On Revenue Growth Posted: 19 May 2011 09:05 AM PDT Synopsys Inc. (NASDAQ:SNPS) reported second quarter 2011 earnings per share (EPS) of 39 cents, which surpassed the Zacks Consensus Estimate of 34 cents per share. Revenue Revenue in the second quarter was $393.7 million, up 16.4% from $338.1 million reported in the year-ago period. The revenue growth was driven by strong orders in the quarter and a higher business run rate. Moreover, the electronics industry witnessed healthy growth in the quarter buoyed by strong demand for new products. License … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 19 May 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Existing Home Sales.<br/><br/> EUR/USD was trading at 1.4253, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4306, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Initial Claims Versus The Philly Fed Keeps Bond Traders Hopping Posted: 19 May 2011 08:52 AM PDT Never let it be said that there is no fun in trading bonds. Hot on the heels of yielding the least so far in 2011, the U.S. benchmark 10-year note slumped Thursday to the most all week in response to a firmer tone to weekly jobless claims data. Dealers responded to a dip of 29,000 in the first time claims data and sold notes. But after a later slump in the Philly Fed manufacturing index, like a cat on a hot tin roof, investors jumped back into fixed income suspicious that recovery is all that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Is Getting A Chance To Confirm An Inverted Head And Shoulder Posted: 19 May 2011 08:42 AM PDT USD/CAD Forms Inverted Head and Shoulders and Kills Bearish Momentum (5/17) USD/CAD Short-Term to Medium Term- The USD/CAD is has completed a bottom in the form of an inverted head and shoulder. The daily chart shows the immediate rejection below 0.98, near the 61.8% retracement level. - The throwback is a chance for the market to confirm the lack of bearish conviction, and therefore a probable extension to the current corrective rally. - The decline has so far reached 0.9650, 38.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Progressive Beats By A Penny Posted: 19 May 2011 08:35 AM PDT Progressive Corp.'s (NYSE:PGR) earnings per share for April 2011 were 18 cents, up a penny from the year-ago earnings of 17 cents. Net income increased 5.9% from the year-ago period to total $118 million. The company recorded net premiums of $1.54 billion during April 2011, up 4.5% from $1.47 billion in April 2010 and 26% from $1.2 billion during March 2011. Net premiums earned were $1.43 billion, up 4.3% from $1.37 billion in the year-ago period and up 25.7% from $1.14 billion in the prior … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sempra And Soitec Cement Solar Ties Posted: 19 May 2011 08:30 AM PDT San Diego Gas & Electric ("SDG&E"), a subsidiary of Sempra Energy (NYSE:SRE), and subsidiaries of Soitec Solar Development, LLC have entered into two 25-year contracts to generate 125 megawatts (MW) of solar energy at SDG&E. The energy will be produced using Soitec’s Concentrix concentrator photovoltaic (CPV) technology. This contract is in addition to the one signed in April this year between the two parties. In the preceding collaboration SDG&E and Soitec had entered into a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails Posted: 19 May 2011 08:18 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: 19 May 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EIA Boosts Oil Posted: 19 May 2011 08:18 AM PDT Today’s Idea Yesterday’s EIA number was a welcome reprieve for bulls, who have seen a bevy of bearish economic data of late. Fundamentals for the Oil market remain extremely mixed at the moment. Economic indicators have been negative, and the US Dollar has held its ground versus other major currencies. On the other hand, central banks continue pumping-up the money supply, and supplies of higher quality Crude Oil remain tight, despite the relatively high overall supply. Technically, it seems as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD In A Non Trending Range. Drawing Remembered Lines Posted: 19 May 2011 08:06 AM PDT Looking at the hourly chart in the EURUSD, the price is in a non trending period. The price started a correction move higher on Monday, the price moved above the 100 hour MA and trendline resistance on Tuesday. However, over the last few days the price has first tested the 200 hour MA (green line in the chart above), but has since stalled.  The stall has flattened the 100 hour MA line (blue line) and the 200 hour MA line is also starting to lose it's slope. Both are indicative of a non … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rises Above $100 Posted: 19 May 2011 08:00 AM PDT 05/19/11 Front month crude prices traded and remaied above $100 a barrel this session on a jump in forex market risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals In Directionless Trade Posted: 19 May 2011 08:00 AM PDT Forex Pros – The U.S. dollar was mixed against its major counterparts as markets searched for direction on Thursday, after the release of U.S. data painted an uneven picture of the U.S. economic recovery.<br /><br />During early U.S. trade, the greenback was fractionally lower against the euro, with EUR/USD inching up 0.02% to hit 1.4252.<br /><br />The greenback was higher against the pound, with GBP/USD sliding 0.17% to hit 1.6139.<br /><br />Earlier in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Ranging Between 1.4210 And 1.43 Posted: 19 May 2011 07:47 AM PDT EUR/USD Fails to Establish Bullish Momentum in ABC Correction Rally (5/18) EUR/USD Short-term to Medium-term- The EUR/USD is seen establishing a range roughly between 1.4210 and 1.43. - The 1H chart shows the RSI in ranging mode, with slight bullish bias, although the market has failed to establish bullish momentum in the short-term. - If the market falls below 1.4210-1.42 suppot zone, it should fall towards the lower 1.4140-1.4150 support zone. - The 4H chart shows another local pivot at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Tumble To 1-month Low After U.S. EIA Data Posted: 19 May 2011 07:41 AM PDT Forex Pros – utures Pros &ndash; Natural gas futures extended losses on Thursday, dropping to a one-month low after the U.S. Energy Information Administration said natural gas inventories rose more-than-expected last week. <br /><br />On the New York Mercantile Exchange, natural gas futures for June delivery traded at USD4.117 per million British thermal units during U.S. morning trade, tumbling 1.75%.&nbsp; <br /><br />It earlier fell as much as 2.15% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Homebuilders And Financials: The Economy’s And Market’s Missing Wheel Posted: 19 May 2011 07:34 AM PDT Two Industry Groups stand in the way of further market advances: financials and homebuilders. Home building industry spokespeople go on CNBC regularly each time of the housing statistics are announced, like monthly sales, financing and refinancing, starts, or permits issued. And the spokespeople each time differentiate between the sales of new homes and resales, especially those that are in foreclosure or underwater; they also attempt to differentiate between national statistics which include … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Pare Losses After Downbeat U.S. Data Posted: 19 May 2011 07:28 AM PDT Forex Pros – Gold futures pared losses on Thursday, while silver prices extended gains after a flurry of downbeat U.S. data diminished expectations for an imminent tightening in U.S. monetary policy.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,494.05 a troy ounce during U.S. morning trade, easing down 0.2%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell by as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Champagne On Ice At The Fed Posted: 19 May 2011 07:26 AM PDT A Thursday morning rally in the dollar is not so much inspired by the every-other-day-excuse of rising risk aversion, but follows a minor improvement in the labor market according to weekly claims data. The FOMC minutes released a day earlier made it clear that a retirement party is in the works for quantitative easing, although no one seems prepared to call the caterer at this stage. Before the Fed can pop the champagne corks and streamline its balance sheet the minutes yesterday confirmed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trading In Narrow Range After Mixed U.S. Data Posted: 19 May 2011 07:25 AM PDT Forex Pros – The pound was trading in a narrow range against the U.S. dollar on Thursday, fluctuating between small gains and losses, following the release of mixed U.S. economic data.<br /><br />GBP/USD hit 1.6132 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.6168, dipping 0.04%.<br /><br />Cable was likely to find support at 1.5970, the low of April 1 and resistance at 1.6287, Wednesday&rsquo;s high.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Completing Corrective Structure With Bearish Divergence Posted: 19 May 2011 07:24 AM PDT A USD/JPY Rally in the US Session Can Complete a Corrective Wave Count (5/18) USD/JPY Short-Term- The market has been tracking a rising corrective channel in a WXY structure. We are at the terminal wave (c) and Y. The swing with W=Y wave equality targeted 82.10. The market has reached that and is showing a bearish attempt. However, there is still some upside risk to a swing projection to 82.35. - Note also that the RSI is showing a bearish divergence. If the reading in the 1H chart falls … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ECRI Forecasting Global Economic Slowdown Posted: 19 May 2011 06:30 AM PDT What lies ahead on our global economic landscape? Pack lightly because the economic road ahead appears to be increasingly challenging. While government mouthpieces and their media friends are wont to look in the rear view mirror for hints of easier traveling, the wise travelers amongst us always keep our eyes on the road ahead. Who can help us navigate the upcoming terrain and is forecasting a steep economic slope? I thank one of this blog's most loyal supporters for introducing the Economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tarsus Targets Emerging Market Opportunities With IFO Acquisition Posted: 19 May 2011 03:47 AM PDT Tarsus (LON:TRS), the international business-to-business media group, has agreed a deal to buy a 75% stake in Istanbul based IFO, one of the largest independent exhibition businesses in Turkey. The £10m cash deal is in-line with Tarsus' "Project 50/13" strategy of expanding into emerging markets and specifically the fast-growing Turkish economy. To fund the purchase, Tarsus has placed 11.3m shares priced at 141p each with new and existing institutional investors to raise approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lamprell Eyes Greater Market Presence With IMS Acquisition Posted: 19 May 2011 02:16 AM PDT Lamprell (LON:LAM) , the engineering group that works in the oil and gas and renewables sectors, has formalised an offer to buy Oslo-listed engineering contractor Maritime Industrial Services Co. Ltd. Inc. (MIS) for NOK 1,869 million £208.1 million. The move was broadly welcomed by the market with the Lamprell share price rising by 39p to 390.3p early on. The company said the deal would boost its engineering capabilities, expand its geographic focus and open up greater access to new business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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