Wednesday, May 4, 2011

DailyMarkets.com - Novel Wound Care Device Could Be Big

DailyMarkets.com - Novel Wound Care Device Could Be Big

Novel Wound Care Device Could Be Big

Posted: 04 May 2011 07:35 AM PDT

Brian Marckx, CFA
Novel Wound Care Device Could Be Big
SANUWAVE (SNWV) has developed what could be a very effective, yet significantly lower cost alternative to current treatments for chronic diabetic foot wounds, an annual market worth $2 billion – $3 billion. Top-line data from a pivotal Phase III trial, announced in late-2010 looked very encouraging. Final PMA module filing expected in Q2 2011. FDA approval and U.S. launch could happen in 1H 2012. dermaPACE complements recent health care … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Deutsche Bank Accused Over Mortgage

Posted: 04 May 2011 07:35 AM PDT

Deutsche Bank AG (NYSE:DB) has hit the headlines again and this time for a wrong reason. The company, which reported solid earnings last week on gains from recent acquisitions, has been sued by the U.S. attorney's office for allegedly lying over mortgages.
Deutsche Bank and its subsidiary, MortgageIT, have been suspected of repetitively lying in an effort to participate in and take advantage of the Federal Housing Administration (F.H.A.) program that insures mortgages.
According to the lawsuit, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Solar Beats, Reaffirms Outlook

Posted: 04 May 2011 07:35 AM PDT

First Solar Inc. (NASDAQ:FSLR) surpassed the Zacks Consensus earnings per share (EPS) estimate of $1.16 by 17 cents to reach $1.33 in the first quarter of 2011. It, however, came below the year-ago quarterly EPS of $2.00.
The year over year downside came from lower average selling prices and higher expenses. This was partially offset by increased module production and lower module cost per watt. The downtrend was also visible vis-a-vis the sequential quarterly number of $1.80. Here the downside came … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sinopec 1Q Aided By Higher Prices

Posted: 04 May 2011 07:35 AM PDT

China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec, reported first quarter 2011 earnings per share of 0.236 yuan ($3.59 per ADS), up 26% year over year. Net income increased 25.2% from the prior-year level to 20.6 billion yuan (US$3.133 billion). The increase can be attributable to higher capacity, domestic economic growth, and most importantly increased prices for petroleum and related products.
Operational Performance
Sinopec's crude oil production dropped almost 6% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Coffee!

Posted: 04 May 2011 07:19 AM PDT

Today’s Idea
With Coffee futures prices flirting with all-time highs, some traders leaning towards bullish trading strategies may wish to explore selling bull put spreads in Coffee options. For example, with July Coffee trading at 305.35 as of this writing, the July Coffee 285 puts could be sold and the July Coffee 270 puts bought for about 2.40 points or $900.00 per spread, not including commissions. The premium received would be the maximum potential gain on the trade and would be realized at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is SM Prime Holdings, Inc. (SMPH) In Trouble?

Posted: 04 May 2011 07:09 AM PDT

Are the bears about to take control of the shares of SM Prime Holdings, Inc. (SMPH)? I am confronted with this question now because it appears that SMPH is indeed primed (no pun intended) for a major correction in the near term.
In my opinion, there is a good chance that the bears might take over SMPH's driver seat. As you can see from the chart above, SMPH has rallied quite handsomely after hitting a low of just about PHP 10.00 from a high of PHP 13.16. After bouncing off the said low, SMPH … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. ISM Non-manufacturing PMI Drops Unexpectedly In April

Posted: 04 May 2011 07:06 AM PDT

Forex Pros – Service sector activity in the U.S. dropped unexpectedly in April, industry data showed on Wednesday.<br /><br />In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index fell to 56.9 in April, compared to a reading of 57.3 in March.<br /><br />Analysts had expected the index to ease up to 57.4 in April. <br /><br />On the index, a reading above 50.0 indicates the non-manufacturing sector economy is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, May 4, 2011 Special Alert TLT

Posted: 04 May 2011 07:02 AM PDT

We are going to remove the position in the iShares Barclays 20+ Year Treasury Bond (symbol: TLT) from the watch list at the current intra-day price of $94.63.  TLT looks extremely overbought and we feel moving above its 200-day moving average might be a challenge right now.  We added TLT on Thursday, April 7, 2011 at the intra-day price of $90.50.  While on the watch list TLT returned 4.6% in 27 days.  We have no remaining positions in TLT in the watch … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Devon’s Profits Rise, Revenues Dip

Posted: 04 May 2011 07:00 AM PDT

Devon Energy Corp. (NYSE:DVN) reported first-quarter 2011 adjusted EPS of $1.34, which was above the Zacks Consensus Estimate of $1.30. On a GAAP basis, the company reported an EPS of 97 cents significantly below the year-ago quarter EPS of $2.66, impacted primarily by one-time items relating to non-cash, unrealized loss on oil, gas and NGL derivatives.
Operating Results
Devon's quarterly revenue of $2.15 billion fell short of the Zacks Consensus Estimate of $2.22 bllion and the year-ago revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Twin Acquisitions By DST Systems

Posted: 04 May 2011 07:00 AM PDT

DST Systems Inc. (NYSE:DST) recently made two acquisitions, although the financial terms of neither were disclosed.
DST Systems acquired Newkirk Products Inc., a communication solution provider to financial services and health care verticals. Newkirk delivers marketing communications solutions in printed, digital and interactive forms. These communication solutions are based on extensive market study, client-interaction as well as feedback from different related areas.
The information thus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Continues Its Move To New Lows

Posted: 04 May 2011 06:59 AM PDT

The Weekly Resistance And Daily Divergence In The CRB Commodity Index

Posted: 04 May 2011 06:48 AM PDT

We've seen huge volaitlity this week in silver, but what about the broader basket of commodities as seen in the CRB Commodity Index?
There's actually a critical overhead resistance level to watch, and the daily chart is showing caution signals at that level.
Let's start with the weekly Fibonacci Level and go from there:

The CRB is the Reuters/Jefferies Commodity Index that comprises a basket of 19 commodities (33% of which is oil related).
There are two main chart points to know on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Inches Higher But Gains Limited After ADP

Posted: 04 May 2011 06:46 AM PDT

Forex Pros – The U.S. dollar was higher against its Canadian counterpart on Wednesday, but gains were limited after industry data showed that U.S. private sector employers added fewer-than-expected jobs in April.<br /><br />USD/CAD hit 0.9556 during early U.S. trade, the pair&rsquo;s highest since April 29; the pair subsequently consolidated at 0.9546, gaining 0.22%.<br /><br />The pair was likely to find support at 0.9457, Tuesday&rsquo;s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Comcast Outperforms

Posted: 04 May 2011 06:36 AM PDT

Comcast Corp. (NASDAQ:CMCSA) reported excellent first-quarter 2011 financial results, which exceeded the Zacks Consensus Estimate. This fabulous performance was the combined effect of higher broadband subscribers' addition and increased advertising revenue from NBC Universal, of which Comcast acquired a controlling stake in January 2011. Advertising revenue at NBC Universal's cable networks increased 14% to $769 million together with 8% increase in advertising revenue of NBC Entertainment to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADP Report Softens Dollar

Posted: 04 May 2011 06:36 AM PDT

Risk avoidance continues to dominate midweek after China indicated that even with growth softening at the edges it would maintain a tough stance on inflation. And as investors gear up for Friday's key labor market data, U.S. employers added fewer new positions last month helping to keep the horizon free from any signs of monetary tightening, adding to recent downside pressure on the dollar. The size of a partner-bailout for Portugal was announced earlier along with terms and conditions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Concur Beats Estimate

Posted: 04 May 2011 06:25 AM PDT

Concur Technologies Inc. (NASDAQ:CNQR) reported second-quarter fiscal 2011 earnings per share from continuing operations of 6 cents, below the Zacks Consensus Estimate of 9 cents and prior-year earnings per share of 13 cents. However, the company's earnings and revenue performance for the quarter was above its expectations led by strong demand for its services.
Revenue
Total revenue increased by 16% year over year to $84.6 billion. On a sequential basis, total revenue increased by 5%. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CBS Corp. Beats Estimates

Posted: 04 May 2011 06:25 AM PDT

CBS Corporation's (NYSE:CBS) continued effective operating and cost-containment efforts helped post strong first-quarter 2011 results. The quarterly earnings of 29 cents a share beats the Zacks Consensus Estimate of 19 cents and surged approximately six times from 5 cents earned in the year-ago quarter.
Quarter Highlights
Sequentially, CBS has made a positive comeback in each quarter outshining its performances in the previous quarters. The company indicated that the outdoor advertising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CBS Corp. Beats Estimates

Posted: 04 May 2011 06:25 AM PDT

CBS Corporation's (NYSE:CBS) continued effective operating and cost-containment efforts helped post strong first-quarter 2011 results. The quarterly earnings of 29 cents a share beats the Zacks Consensus Estimate of 19 cents and surged approximately six times from 5 cents earned in the year-ago quarter.
Quarter Highlights
Sequentially, CBS has made a positive comeback in each quarter outshining its performances in the previous quarters. The company indicated that the outdoor advertising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weak ADP Report, Mixed Earnings

Posted: 04 May 2011 06:25 AM PDT

With the April non-farm payroll report coming out Friday morning, the market’s focus remains on the labor market. And we got a less-than-reassuring glimpse of the jobs situation through the weaker-than-expected report this morning from the payroll processor, Automatic Data Processing (NYSE:ADP).

ADP reported that 179,000 private sector jobs were created in April, which was short of expectations in the 200,000 vicinity. This is also below current expectations of private sector jobs in the Friday’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Avon Products, Beazer Homes USA, General Motors, Linn Energy, LLC, Legg Mason, OmniVision Technologies, Pfizer

Posted: 04 May 2011 06:25 AM PDT

    Share prices of Beazer Homes (NYSE:BZH) dropped more than 5% to end the day at $4.33 after the company reported a larger-than-expected loss primarily because of lesser orders for new homes, which shows the continued weakness in the housing industry

    Pfizer's (NYSE:PFE) share prices dropped 2.76% to close at $20.44 after the company lowered its revenue forecast for the year 2011

    Although Legg Mason Inc’s (NYSE:LM)  earnings results were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 04 May 2011 06:20 AM PDT

05/04/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Tests Fibonacci Retracement At 1.6554

Posted: 04 May 2011 06:18 AM PDT

The 38.2% of the sharp 2 day move down comes in at 1.6554. The market tested the level and has found some profit taking sellers. The GBPUSD hsa been under pressure on the back of more dovish comments from BOE King this week. Weaker PMI also contributed to the weakness.  Today, PMI Construction came out weaker as did Mortgage approvals. 
Despite the weaker data, the GBPUSD was not able to push below the 50% of the move up from the April 18th low to the high reached on April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADP Report Undershoots Forecasts, Pressures USD On Outlook For Friday’s Jobs Report

Posted: 04 May 2011 06:15 AM PDT

The USD, which had given up its gains from overnight against key rivals, slid further at the beginning of NY trading on the back of a disappointing ADP Employment Change report.
Expectations for the index, which measures US private sector payrolls, was expected to show a gain of around 200K for April, but instead came in at 185K.

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‘indicator’: ’2′,
‘country’: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Capital Runs Ahead Ests

Posted: 04 May 2011 06:06 AM PDT

American Capital Ltd.'s (NASDAQ:ACAS) first-quarter 2011 operating income of 23 cents per share surpassed the Zacks Consensus Estimate by 5 cents. The results were also ahead of the prior-year quarter's earnings of 17 cents per share. The favorable outcome was due to a drop in operating expenses, though partially offset by a decline in interest and dividend income in the reported quarter.
Net earnings for the quarter were $434 million, or $1.21 per share, significantly up from $187 million or 65 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes 5.4.2011 – EUR/JPY, GBP/JPY, CHF/JPY

Posted: 04 May 2011 06:02 AM PDT

EUR/JPY- The EUR/JPY is breaking its bearish momentum despite some poor fundamentals in the European session. A rally is breaking out of a declining channel established this week.
- The bullish attempt remains in the context of sideways action, and sees resistance 121.13 and 121.82. Then 123.32 is last resistance before bullish continuation, which has 126 in sight.
-
GBP/JPY
- The 133.00 level held, so a swing projection to 130.00 did not materialized.
- However only a break above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Making New Highs. Tests Channel Resistance

Posted: 04 May 2011 05:50 AM PDT

The EURUSD has reached new highs on the back of the weaker ADP data and the more dovish comments from Fed's Rosengren.
The pair has been consolidating for the last 5 trading days.

The next target from the hourly/daily is the 1.4965. This is a level going back to the last time the market was at these levels. Above that the 1.4989 (the Fibonacci extension level).
On the 5  minute chart the pair is frinding some resistance at the channel support at 1.4925.  A move above this level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Hits Fresh Record Low After Soft ADP Data

Posted: 04 May 2011 05:49 AM PDT

Forex Pros – The U.S. dollar slid to a fresh record low against the Swiss franc on Wednesday, after industry data showed that U.S. private sector employment increased less-than-expected in April.<br /><br />USD/CHF hit 0.8587 during European afternoon trade, the pair&rsquo;s all-time low; the pair subsequently consolidated at 0.8589, shedding 0.26%.<br /><br />The pair was likely to find short-term support at 0.8550 and resistance at 0.8747, the high of April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Overseas Shipholding Beats Estimate

Posted: 04 May 2011 05:37 AM PDT

Overseas Shipholding Group Inc. (NYSE:OSG), the second largest independent oil tanker company in the world, reported mounting losses in the first quarter of 2011. Despite this, quarterly results beat the Zacks Consensus Estimates. Overseas Shipholding has a massive 80% spot exposure. The average spot rate of oil tanker fell 77% in the last quarter, which significantly eroded the company's bottom line.
Quarterly GAAP net loss was $34.6 million or a loss of $1.15 per share compared with a net loss … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR Brushes Off Retail Sales, Portugal Bailout Talk, Rallies To Week’s Highs Prior To ECB

Posted: 04 May 2011 05:36 AM PDT

The EUR/USD continued its sideways trading in today's session, as declines overnight came close, but did not match the lows from the previous 2 sessions.
The EUR along with the commodity bloc of currencies – AUD, NZD, CAD – fell in Asian trading amid another drop in silver and gold. Silver continues its correction following the pair's strong surge in the past few weeks that had left the previous metal overstretched just below the $50 level. Since then the correction has been sharp and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Dip As Earnings Disappoint; Dow Sheds 0.2%

Posted: 04 May 2011 05:32 AM PDT

Forex Pros – U.S. stock futures pointed to a modestly lower open on Wednesday, as investors digested a slew of mixed corporate earnings results and as shares in casino operator Las Vegas Sands plunged ahead of the open.&nbsp;&nbsp;&nbsp; <br /><br />Dow Jones Industrial Average futures pointed a drop of 0.2%, the S&amp;P 500 futures fell 0.1%, while Nasdaq 100 futures indicated a decline of 0.22%. <br /><br />Stock index futures added to losses after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinross Posts Record 1Q Results

Posted: 04 May 2011 05:25 AM PDT

Gold miner Kinross Gold Corporation (NYSE:KGC) reported record adjusted net income of $180.3 million or $0.16 per share in the first quarter of 2011, above last year's $99.7 million or $0.14 per share, outpacing the Zacks Consensus Estimate of $0.14.
GAAP net earnings were $255.5 million or $0.23 per share in the first quarter of 2011 compared with $181.3 million, or $0.26 per share in the prior-year quarter.
Quarterly revenues leaped 42% to $937.0 million, driven by strong performance at all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. ADP Non-farm Payrolls Rise Less-than-expected In April

Posted: 04 May 2011 05:21 AM PDT

Forex Pros – U.S. non-farm private employment rose less-than-expected in April, industry data showed on Wednesday.<br /><br />In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 179K in April, after rising by 207K in March, whose figure was upwardly revised from 201K.<br /><br />Analysts had expected non-farm private sector employment to increase by 200K in April.<br /><br />The report said employment in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes 5.4.2011 – EUR/USD, GBP/USD, USD/JPY

Posted: 04 May 2011 05:00 AM PDT

EUR/USD- Simply, the EUR/USD is stuck in a range between 1.4770 and 1.4880 heading into this week's US NFP release on Friday.
- After completing a 5-wave flat, it is now a 7-wave flat. According to Elliott Wave Principles, it is time the correction is over.
- It will be important to see if the US session today follows this model and breaks to the upside.
- Risk events are still ahead, so traders are likely going to tread lightly until at least after Thursday's ADP unemployment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Michigan, Rust Belt States Lead Economic Recovery

Posted: 04 May 2011 04:51 AM PDT

1. Detroit News: “Michigan manufacturing shores up nation’s economy.”

2. Financial Times: “America's 'rust belt' states lead recovery”

3. Financial Times: “Growth in jobs belies rust belt's reputation” (includes graph above)

4. Scott Grannis: “Car Sales Remain Very … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals As ADP Jobs Report On Tap

Posted: 04 May 2011 04:44 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as the greenback remained under pressure amid expectations that U.S. interest rates will continue to remain low in the coming months.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD gaining 0.25% to hit 1.4861.<br /><br />Earlier in the day, official data showed that euro zone retail sales fell sharply in March, pointing to weaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/GBP Higher But Gains Limited By Weak U.K. Data

Posted: 04 May 2011 04:25 AM PDT

Forex Pros – The pound was slightly higher against the U.S. dollar on Wednesday, but gains were limited after weak U.K. construction data reinforced views that interest rates could stay on hold throughout 2011.<br /><br />GBP/USD hit 1.6543 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.6516, gaining 0.18%.<br /><br />Cable was likely to find support at 1.6384, the low of April 21 and resistance at 1.6660, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For May 05, 2011

Posted: 04 May 2011 04:01 AM PDT

By ForexMansion.com
The Japanese yen advanced for a second day against most of its major counterparts, as commodity prices and Asian stocks declined. The dollar also was able to achieve more gains versus the euro and sterling, since fears counted to dominate FOREX market movements.
The risk aversion is back in the financial markets, with demand rising for safe heaven currencies versus higher-yielding. Most of the countries around the world declared a state of emergency in their embassies and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For May 05, 2011

Posted: 04 May 2011 03:59 AM PDT

By ForexMansion.com
The Australian dollar continues its downside movement versus all major counterparts, while it sharply declined against the greenback for the third consecutive day after the Reserve Bank of Australia left the interest rates unchanged at 4.75%. Investors increased their bets that Australian policy makers will extend the pause until the third quarter, damping demand on Aussie.
Moreover, The Australian currency declined for a fifth day against the yen as Asian stocks dropped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For May 05, 2011

Posted: 04 May 2011 03:58 AM PDT

By ForexMansion.com
The Kiwi dropped against all its major counterparts after the annualized visitor arrivals dropped to -11.4% during the year ended March, the most decline in more than 10 years.
New Zealand dollar fell against its 16 most-traded currencies after China's central bank said yesterday that taming inflation is its highest priority. Chinese stocks fell for the first time in three days on concern more tightening is possible, even after a manufacturing survey showed growth may be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For May 05, 2011

Posted: 04 May 2011 03:57 AM PDT

By ForexMansion.com
The AUD/NZD pair was able to breakthrough the consolidation area that dominated trading for five days, as the pair rose due to the sharp decline in the New Zealand dollar versus greenback.
The Kiwi was under huge sell-off in the FOREX market as the migration data came to show that more people left New Zealand during March, which reduced demand for the New Zealand dollar and opened the way for the AUD/NZD pair to advance.
Moreover, the Australian dollar continues its downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Dollar Collapse? No Way – The U.S. Dollar Rocks! (Propaganda)

Posted: 04 May 2011 03:55 AM PDT

Are we on the verge of a dollar collapse? Don’t believe the skeptics. The truth is that there is no currency in the world that is stronger than the old greenback. The U.S. dollar is the reserve currency of the world. Virtually all of the nations on the face of the earth use it for trading and they always will. Why? Because the U.S. dollar is awesome. No currency on earth can compete with our awesomeness. So what that the dollar hit a new all-time record low against the Swiss franc … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Erases Early Losses To Hit Daily High

Posted: 04 May 2011 03:45 AM PDT

Forex Pros – The euro erased early losses against the U.S. dollar on Wednesday, rising to a daily high as the view that the Federal Reserve will keep interest rates low for a prolonged period weighed on the greenback.<br /><br />EUR/USD clawed back up form 1.4774, the daily low to hit 1.4854 during European late morning trade, gaining 0.20%.<br /><br />The pair was likely to find support at 1.4631, the low of April 27and resistance at 1.4901, Monday&rsquo;s high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

David Rosenberg’s Sense On Cents

Posted: 04 May 2011 03:39 AM PDT

David Rosenberg is a Sense on Cents All-Star. While many do not agree with his Rosenberg's overall assessments, I have untold appreciation and respect for his thoughtful and astute analysis. He recently spoke at an investment conference.
Robert Huebscher of Advisor Perspectives captured Rosenberg's thoughts in his piece, My Breakfast with Dave. For those with even a passing interest in the economy and markets, I strongly recommend even a cursory review of Rosenberg's remarks as he offers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For May 4, 2011

Posted: 04 May 2011 03:37 AM PDT

By ForexMansion.com

 
The GBP/CHF fell really hard today, making all-time lows. The pair remains weak, and buying it is a fool's game only. The rallies that we may see in the future are simply to be sold as the market looks to continue its bearishness. From this point on – it is sell only in this market.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Technical Analysis For May 4, 2011

Posted: 04 May 2011 03:36 AM PDT

By ForexMansion.com

 
The AUD/NZD hardly moved today, just like yesterday. The pair seems content to rest at this area, and should be – as the market has been so volatile over the last several weeks. This could serve as a launching point in one direction or another, but only time will tell which way. The next signal should be a large candle, be it green or red. The trend is decidedly up, so longs are preferred on the break out.

Originally posted here
Read more about forex technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For May 4, 2011

Posted: 04 May 2011 03:26 AM PDT

By ForexMansion.com

 
The EUR/CHF fell today, but is still residing in the consolidation area between the 1.27 mark and the 1.30 area. The market is still better suited for scalpers, and long-term traders should avoid it at all costs. The market looks to go sideways, but it should be noted that the overall trend is still down. The pair should probably be observed, not traded at this point.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For May 4, 2011

Posted: 04 May 2011 03:22 AM PDT

By ForexMansion.com

 
The NZD/USD fell today, but is still sitting at support. The pair needs to rest and pullback. This move could be the start of something like that, but anticipating that pullback has been very dangerous for quite some time. Looking for pullbacks as entry signals will be the safer play, as the 0.78 and 0.75 levels seems like great buying areas. For the time being, I would leave this pair alone.

Originally posted here
Read more about forex technical analysis, forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Up But Still Close To Record Low Against Swiss Franc

Posted: 04 May 2011 03:21 AM PDT

Forex Pros – The U.S. dollar inched higher against the Swiss franc on Wednesday, but remained close to Tuesday&rsquo;s all-time low, weighed by the view that the U.S. Federal Reserve is not likely to tighten policy for some time to come.<br /><br />USD/CHF hit 0.8648 during European late morning trade, the daily high; the pair subsequently consolidated at 0.8621, easing up 0.10%.<br /><br />The pair was likely to find short-term support at 0.8594, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For May 4, 2011

Posted: 04 May 2011 03:21 AM PDT

By ForexMansion.com

 
The USD/JPY fell today, but bounced and formed a hammer and showed that the 80-81 level to be supportive yet again. This area could be a launching point for new buyers as we try to race upwards with a possible new bull move, or at least a consolidative move towards 84. Shorting isn't advised as we have central banks below, and at least 6 of them. The market looks to be supportive, and a break of the highs today would be a buy signal.

Originally posted here
Read … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kea Petroleum Prepares To Start Test Work On Wingrove Oil Well

Posted: 04 May 2011 12:59 AM PDT

Kea Petroleum (LON:KEA) , the AIM quoted oil and gas exploration group with licences in New Zealand and Australia, has finished moving production equipment to the site of its Wingrove oil discovery in New Zealand's onshore Taranaki Basin. Production testing will now be carried out on several oil bearing Mount Messenger Sand intervals which were encountered in the Wingrove-2 well in the depth range 1150-1300m. Wingrove-2 was Kea's first discovery well when it was drilled in April 2010 but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Question Investors Should Be Pondering

Posted: 03 May 2011 12:19 PM PDT

It looks like we are back to that risk on – risk off market.  Risk assets, like equities and commodities, are down while bonds are trading slightly higher today.  While this is really nothing new, the question investors should be asking themselves if today’s action is a prelude to a more significant turning point.  In other words, will bonds catch a bid while riskier assets take a breather. 

Betting against equities and risk assets has not been a particularly kind trade, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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