Wednesday, June 1, 2011

DailyMarkets.com - Alert, Debit Card Scam At Well-Known Stores! – Are Credit Cards Safer?

DailyMarkets.com - Alert, Debit Card Scam At Well-Known Stores! – Are Credit Cards Safer?

Alert, Debit Card Scam At Well-Known Stores! – Are Credit Cards Safer?

Posted: 01 Jun 2011 07:35 AM PDT

Using a debit card can be a big risk.

Have you heard of the debit-card scam that targeted many customers of the Michaels Arts and Crafts store? In this case the Marquette Bank managed to notice the fraud quite early, although fraudsters managed to withdraw money from many customers of the Michaels store before this fraud was detected.

This fraud was most probably done by thieves posing as repairmen who replaced card processing machines with modified machines which are designed to capture … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. ISM Manufacturing PMI Falls To 1-year Low In May

Posted: 01 Jun 2011 07:07 AM PDT

Forex Pros – Manufacturing activity in the U.S. fell significantly more-than-expected in May, dropping to a one-year low, industry data showed on Wednesday.<br /><br />In a report, the Institute for Supply Management said its index of purchasing managers fell to 53.5 in May, compared to April&rsquo;s reading of 60.4.<br /><br />Analysts had expected the ISM index of purchasing managers to decline to 57.5 in May.<br /><br />On the index, a reading above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US 10-Year Yields Slide To 3% Following Weak ADP Data

Posted: 01 Jun 2011 07:04 AM PDT

Following the weaker ADP report today US yields came under pressure as bond prices rallied amidst concerns about the global recovery. The Treasury rally pushed the 10-year yield to 3% undermining the USD against its safe haven rivals.
US yields have dropped quite significantly in May as economic data points out a weaker economy:
US ADP Employment Change Strongly Undershoots Forecasts for May, NFP to Follow?
US Data Continues to Post Soft Results, Chicago PMI and Consumer Confidence … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Not In Play Today…yet

Posted: 01 Jun 2011 06:59 AM PDT

The EURUSD is caught between EURO weak, USD weak.  So the action is choppy and not inspiring.  The high to low trading range is narrow at 63 pips.  This would typically suggest an extension of the trading range.  The 100 and 200 bar MA on the 5 minute chart are more or less converged at the 1.4416. Bullish above. Bearish below. Watch trendlines for targets (see chart). The high low are targets. The 38.2% of the weeks range at 1.4374 is a target … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Court Consents Coventry’s Payment

Posted: 01 Jun 2011 06:55 AM PDT

The Third Circuit Court of Appeals in Louisiana has approved its final settlement of $150.5 million against First Health Group Corp. Inc., a wholly owned subsidiary of Coventry Health Care Inc. (NYSE:CVH), for providing lower medical reimbursements to the injured workers.
As per the initial judgment in July 2010, Coventry was accused of paying $262 million along with additional accruals for legal fees and interest related to this settlement. Later in February 2011, First Health planned to pay … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pump Failure In Dow’s Plant

Posted: 01 Jun 2011 06:55 AM PDT

Chemical giant, The Dow Chemical Co. (NYSE:DOW) suffered a pump failure in a light hydrocarbon plant in Freeport, Texas. However, the incident did not affect the downstream business and no injuries were reported.
Dow's Light Hydrocarbon 7 plant had an upset in the internal hydrogen supply to the acetylene reactors that caused flaring of "offspec" ethylene.
Hydrogen supply was re-established as quickly as possible to bring the ethylene product back on spec.
Recently, Dow reported its first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Erase Gains On Global Growth Concerns

Posted: 01 Jun 2011 06:51 AM PDT

Forex Pros – Crude oil futures erased gains in choppy trade on Wednesday, amid concerns over a slowdown in demand from the U.S. and China, the world&rsquo;s largest oil consumers.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD102.39 a barrel during U.S. morning trade, easing down 0.22%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier rose as much as 0.6% to USD103.31 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Greenback Slides After Surprising Miss On ADP Figures

Posted: 01 Jun 2011 06:49 AM PDT

Figures released from ADP Employer Services today shocked traders in the hour before the start of the North American session, as companies added the fewest amount of jobs since September. A mere 38000 jobs were added in May, the smallest increase in the labor market in nine months. The revised figure for April showed that 177000 jobs were added in April; the median forecast according to a Bloomberg News survey called for a 175000 increase in May. Following the release, the Dollar Index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yen-Strength Throws GBP/JPY Back At Rising Channel Support

Posted: 01 Jun 2011 06:38 AM PDT

GBP/JPY Confirms Inverted Head and Shoulder and Targets 137 (5/31)
GBP/JPY

- The poor ADP employment  release brought a wave of risk aversion, boosting the JPY and the CHF. Also, note soft UK manufacturing PMI not helping the sterling-rally that was so sharp last week.
- GBP/JPY, which has shown bullish strength in a rising channel is pushed back to the support. The ability to contain this bearish attack, with such a strong candle would suggest bullish continuation towards 137, our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wunderman & PXP’s Joint Business Deal

Posted: 01 Jun 2011 06:36 AM PDT

Advertising titan, WPP plc's (NASDAQ:WPPGY) wholly-owned subsidiary, Wunderman, recently announced the combination of its digital business in Austria with the online marketing business of PXP interactive services & solutions AG (PXP).
Wunderman, currently the major stake owner in the combined business, is to be named Wunderman PXP GmbH. The combination will enable Wunderman leverage from PXP's solid client base, including Nokia, Austrian Lotteries and ZDF.
PXP was founded in 1993 and is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Agilysys, Ashland, Broadcom, Central Vermont Pub Svc, General Dynamics, Morgan Stanley, Nokia, Piper Jaffray Companies, Radian Group

Posted: 01 Jun 2011 06:36 AM PDT

    Ship builder General Dynamics Corp.'s (NYSE:GD) share prices rose 4.15% to $74.22 after the company after it announced that it would receive an additional $744 million from the Defense Department which has expanded a preexisting contract

    Analysts at Piper Jaffray (NYSE:PJC) raised the shares of Radian Group (NYSE:RDN) from “Neutral” rating to “Over Weight” rating

    Broadcom Corporation (NASDAQ:BRCM) was upgraded by BMO Capital with an “Outperform” … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADP Report Disappoints Big

Posted: 01 Jun 2011 06:36 AM PDT

With the May 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 picture through the weaker-than-expected report this morning from payroll processor Automatic Data Processing (NYSE:ADP).

ADP reported that 38 thousand private sector jobs were created in May, which was short of expectations in the 190 thousand vicinity. If this is a true reflection of the jobs picture in May, then we better brace … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Extends Downside Fall In Sharp Move Lower

Posted: 01 Jun 2011 06:31 AM PDT

The USDCHF has moved lower and has moved back into the channel. The target becomes the 0.8385 level now (see chart above).  The level where the market broke back into the channel is now the resistance at the 0.8444 level.
The fall from the high today is large and steep.  The high was 0.8541. The low is 0.8410 so far. There has not been a meaningful correction (see chart below) which is indicative of a strong trend move (needless to say).   Trying to catch a falling knife is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Electricity Shortage Looms In China

Posted: 01 Jun 2011 06:31 AM PDT

Electricity Shortage Looms in China
by Tony D'Altorio, Investment U Research
Wednesday, June 1, 2011
Largely unnoticed, China usurped the United States as the world's largest electricity user last year.
It happened when China's 700 million rural residents bought up air conditioners and other electric appliances in a mere two-year space of time. And that happened because of government plans to improve living standards in such areas.
But that aid had an unforeseen affect: China now faces a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Eases Up As Crude Oil Pares Gains In Choppy Trade

Posted: 01 Jun 2011 06:29 AM PDT

Forex Pros – The U.S. dollar was slightly higher against its Canadian counterpart on Wednesday, as crude oil, Canada&rsquo;s largest export, pared gains in volatile trade, following the release of disappointing U.S. private sector employment data.<br /><br />USD/CAD rebounded from 0.9666, the daily low, to hit 0.9698 during early U.S. trade, gaining 0.14%.<br /><br />The pair was likely to find support at 0.9554, Tuesday&rsquo;s low and resistance at 0.9770, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US ADP Employment Change Strongly Undershoots Forecasts For May, NFP To Follow?

Posted: 01 Jun 2011 06:18 AM PDT

The private sector added a dismal amount of jobs in May, according to the ADP employment change report , a survey of private business carried out by the payroll giant Automatic Data Processing.
Private-sector Businesses added 38K last month compared to forecasts of a a gain of 190K.
That's a pretty steep drop-off from where we have been over the past several months:

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

Pipeline Shutdown Trumps Weak Economic Data As Oil Prices Hold Above $100

Posted: 01 Jun 2011 06:18 AM PDT

Today’s Idea
A look at the daily chart for July Crude Oil shows continued support for prices near the 95.00 area. Some traders bullish on Oil or at least neutral as to the direction of prices may wish to explore selling puts on Crude Oil futures options with strike prices below the 95.00 support level. For example, with the July Crude Oil futures trading at 102.87 as of this writing, the July 90.00 puts could be sold for about 0.25, or $250 per option, not including commissions. The premium … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 01 Jun 2011 06:17 AM PDT

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

Japanese Yen: Under Pressure

Posted: 01 Jun 2011 06:17 AM PDT

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

British Pound: The Downside Prevails

Posted: 01 Jun 2011 06:17 AM PDT

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

Euro: The Downside Prevails

Posted: 01 Jun 2011 06:17 AM PDT

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

Resolution In Sight Buoys Euro

Posted: 01 Jun 2011 06:15 AM PDT

Investors are seemingly immune whenever negative news appears showing their stronger will to drive risk forward than backwards. Hopes for a somewhat lasting resolution to the problem of how to cope with the Greek sovereign debt crisis continue to result in a painfully slow return of optimism for the euro given what the removal of this episode might achieve. Euro buyers seem desperate to carve words on the tombstone beyond the crisis with a bold invitation to the ECB to continue its path of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CIGNA Gets Its New CFO

Posted: 01 Jun 2011 06:12 AM PDT

Putting an end to CIGNA Corp.'s (NYSE:CI) quest for a new permanent Chief Financial Officer (CFO), Ralph Nicoletti will assume the post effective June 20, 2011. Nicoletti will replace the current acting CFO Thomas McCarthy.
On September 1, 2010, McCarthy, the then Vice President and Treasurer, was named as the acting CFO of CIGNA upon the sudden resignation of the then CFO Annmarie Hagan.
Nicoletti will be joining CIGNA from Alberto-Culver Inc., where he has acted as the Executive Vice President … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD’s Positive Reversal Signal In The 1H Chart Targets 1.4470

Posted: 01 Jun 2011 06:06 AM PDT

EUR/USD Crosses 1.44 on its Way to 1.46, 61.8% Retracement (5/31)
EUR/USD

Short-Term- The EUR/USD paused its rally but remains bullish as the RSI remains above 60 in the 1H chart.
- There is a bearish divergence spotted, and the market did slow down. However, this lead to a positive reversal signal where the RSI creates a lower low, but the price low is higher. This represents further bullish intent.
- A swing projection suggests a very  short-term target of 1.4470. The next bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Falls To New Lows.

Posted: 01 Jun 2011 06:01 AM PDT

The ADP was weak but the trend in the GBPUSD off the back of weaker data today out of the UK continues to dominate. The price of the GBPUSD rose on the ADP, but the 100 bare MA on 5 minute chart capped the upside and the price has rotated back lower.  The pair has made a new lows and looks to test channel trendline on the daily chart (see below). That level currently comes in at the 1.6383 level. A move below that level will look toward the 1.63588 level which is the 38.2% of the move up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Barrick Gets Zambia Nod For Equinox

Posted: 01 Jun 2011 06:01 AM PDT

Barrick Gold Corporation (NYSE:ABX) announced that the Zambian Competition and Consumer Protection Commission (the CCPC) approved its proposed acquisition of Lumwana copper mine, Equinox Minerals Limited.
On the basis of the approval of the deal, Barrick, the world's largest producer of copper, would allow The Zambia Consolidated Copper Mines Investment Holdings to retain its 2.2% stake in Equinox. The commission also stated that Barrick must also honor Lumwana's existing agreements with local … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple To Launch ICloud

Posted: 01 Jun 2011 06:01 AM PDT

Apple Inc.(NASDAQ:AAPL) is en route to strengthening its competitive advantage over its peers as the company's chief executive, Steve Jobs unveils the iCloud. It is expected that the CEO will announce its new online cloud services offering on June 6, 2011 at the Worldwide Developers Conference (WWDC) in San Francisco.
This iCloud service is an online offering to store digital files like photos, music and videos. Music for Apple has been one of the strongest domains, and Apple would like to offer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Two More Questions About The Minimum Wage

Posted: 01 Jun 2011 05:50 AM PDT

Saw Bowman at the Adam Smith Institute blog asks two more questions about the minimum wage:

1. An excess of supply in labour is usually called unemployment; minimum wage supporters deny that minimum wage laws create unemployment. What other goods can have a price floor set above the market price without creating an excess of supply?

2. Why don’t you want minimum wage to be £20/hr. ($33/hr.), or £100/hr. ($164.25), or £1,000/hr. ($1,642.50)? If wages can be set by government without … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Hits Fresh Record Low After Poor U.S. Payrolls Data

Posted: 01 Jun 2011 05:35 AM PDT

Forex Pros – The U.S. dollar extended losses against the Swiss franc on Wednesday, tumbling to a fresh record low after data showed that U.S. private sector employment growth slowed sharply in May.<br /><br />USD/CHF hit 0.8429 during European afternoon trade, the pair&rsquo;s all-time low; the pair subsequently consolidated at 0.8432, tumbling 1.24%.<br /><br />The pair was likely to find short-term support at 0.8350 and resistance at 0.8662, the high of the same … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Falls Hard On Weak ADP

Posted: 01 Jun 2011 05:29 AM PDT

The 38K private sector job growth as reported by the ADP  is much weaker than expected and leads to a sharp fall in the USDJPY (dollar in general).  The price moved below the 100 hour MA at the 81.15 level adn has extended down toward the weeks lows at the 80.69 level.  A move below this level opens the door for a move to test the 80.00 level. The low for May came in at 79.56. 

On the topside, look for resistance/sellers against the 81.06 level. This is the 38.2% of … [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 May

Posted: 01 Jun 2011 05:23 AM PDT

Forex Pros – U.S. non-farm private employment rose significantly less-than-expected in May, industry data showed on Wednesday.<br /><br />In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 38K in May, after rising by 177K in April, whose figure was revised down from 179K. <br /><br />Analysts had expected non-farm private sector employment to rise by 178K in May.<br /><br />The report said employment in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jones Lang Teams With PMB

Posted: 01 Jun 2011 05:22 AM PDT

Jones Lang LaSalle Inc. (JLL) and Pacific Medical Buildings recently formed a national strategic development alliance to deliver real estate solutions to healthcare organizations. This alliance will offer proper development and strategic planning, coupled with financial solutions to the health care providers regarding their real estate assets from the perspective of the organization and its requirements.
Jones Lang boasts a wide array of real estate products and services, and an extensive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Lower After Dismal ADP Data; Dow Sheds 0.4%

Posted: 01 Jun 2011 05:19 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Wednesday, as weaker-than-expected employment data added to concerns over the pace of the U.S. economic recovery, while shares in Nokia plunged to a 13-year low ahead of the open. <br /><br />Dow Jones Industrial Average futures indicated a decline of 0.4%, the S&amp;P 500 futures shed 0.45%, while Nasdaq 100 futures pointed to a drop of 0.55%.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />Stock index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Creates Fresh Record Lows After Some Strong Swiss Data

Posted: 01 Jun 2011 05:08 AM PDT

GBP/CHF

Short-Term- The Swiss Franc has already been surging. USD/CHF, EUR/CHF, and GBP/CHF are major pairs making record lows.
- Over the European session, retail sales numbers came out to 7.5% y/y, beating a 1.9% estimate, and the previous month's -0.2%. Meanwhile, UK manufacturing PMI came to 52.1, below the 54.3 economists had forecast.
- The GBP was already sliding yesterday correcting last week's strength, but against the CHF, the GBP/CHF pair is making fresh record lows.
- The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Tower Reverts To Neutral

Posted: 01 Jun 2011 05:05 AM PDT

We upgrade our recommendation for American Tower Corp. (NYSE:AMT) to Neutral backed by its solid first-quarter 2011 financial results. The company's top line witnessed significant upside primarily due to the rise in demand for broadband data services coupled with American Tower's global expansion strategy.
American Tower continues its strong performance driven by substantial demand for tower space to facilitate high-speed wireless data and on demand video services, together with super-fast … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UK Manufacturing PMI Slides To 2-Year Low, GBP/USD Weakens

Posted: 01 Jun 2011 05:02 AM PDT

UK manufacturing slumped in May, with activity falling to a 2-year low. The Manufacturing PMI slid to 52.1 from April's 54.4, lower than forecasts of a small decline to 54.2.
From the Release: "May saw the growth performance of the UK manufacturing weaken noticeably. The seasonally adjusted Markit/CIPS UK Manufacturing Purchasing Managers' Index®  (PMI®) posted 52.1, from a downwardly revised reading of 54.4 in April. Although the PMI remained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Down Against Most Rivals As Euro Fluctuates

Posted: 01 Jun 2011 04:50 AM PDT

Forex Pros – The U.S. dollar was down against most of its major counterparts on Wednesday, ahead of the release of U.S. data on private sector employment, while the euro fluctuated amid uncertainty over Greek sovereign debt.<br />&nbsp;<br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD easing up 0.11% to hit 1.4414.<br /><br />The single currency weakened following German media reports that the International Monetary Fund … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Falls To A Record Low

Posted: 01 Jun 2011 04:25 AM PDT

Better data out of Switzerland today pushed the price down overnight and that momentum is continuing in early NY trade.  The record low was in effect for 1 whole day. Yesterday the low reaced 0.8464 and this will now be a resistance level for traders.    A move back above this level could lead to short covering in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Falls To 3-day Low After Weak U.K. PMI Data

Posted: 01 Jun 2011 04:21 AM PDT

Forex Pros – The pound erased early gains against the U.S. dollar on Wednesday, falling to a three-day low after official data showed that manufacturing activity in the U.K. grew at its slowest rate in 20 months in May.<br /><br />GBP/USD retreated from 1.6495, the daily high to hit 1.6415 during European early afternoon trade, shedding 0.19%.<br /><br />Cable was likely to find support at 1.6377, the low of May 27 and resistance at 1.6546, Tuesday&rsquo;s high and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD’s Head And Shoulder And Short-term Elliott Wave Scenarios

Posted: 01 Jun 2011 04:19 AM PDT

Stalking GBP/USD in a Correction After a 5-Wave Rally (5/31)
GBP/USD

Short-Term- After a 5-wave rally, the GBP/USD is indeed in a correction. So far it has followed the path projected by an abc structure.
- Notice that it resembles an irregular head and shoulder (end of (3) and (b) as shoulders, (5) as the head). In fact the Elliott Wave model subsumes many classic chart patterns.
- This means you can use the previous structure of the rally as a clue to anticipate whether the head and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mortgage Pre-Approval, Approval And The Reality Check In Raleigh, NC Area

Posted: 01 Jun 2011 04:16 AM PDT

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


Forex – EUR/USD Erases Gains Amid Greek Debt Uncertainty

Posted: 01 Jun 2011 03:44 AM PDT

Forex Pros – The euro erased gains against the U.S. dollar in choppy trade on Wednesday, retreating from a three-week high, following German media reports that the International Monetary Fund will not pay its share of aid to Greece at the end of June.<br /><br />EUR/USD pulled back from 1.4448, the pair&rsquo;s highest since May 6 to hit 1.4388 during European late morning trade, dipping 0.05%.<br /><br />The pair was likely to find support at 1.4276, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Softer After News That EU Will Consider Incentives For Greek Debt Rollovers.

Posted: 01 Jun 2011 03:39 AM PDT

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


Cotton Hits 3-day High On Concerns Over U.S., China Crops

Posted: 01 Jun 2011 03:36 AM PDT

Forex Pros – Cotton futures were up for a second day on Wednesday, climbing to a three-day high on mounting concern that adverse weather in the U.S. and China would further tighten global supplies.&nbsp; <br /><br />On the ICE Futures U.S. Exchange, cotton futures for July delivery traded at USD1.5963 a pound during European morning trade, gaining 0.59%. <br /><br />It earlier rose to USD1.6243 a pound, the highest price since May 27.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil May Fall On ISM And ADP Data, Gold Still Looking For Direction

Posted: 01 Jun 2011 03:22 AM PDT

Commodities – Energy
Crude Oil Vulnerable Ahead of ISM, ADP Reports
WTI Crude Oil (NY Close): $102.70 // +2.11 // +2.10%
Crude oil prices followed the S&P 500 higher as expected yesterday, taking out resistance at the 38.2% Fibonacci retracement of the 5/2-5/6 decline ($102.35). Futures tracking the US benchmark stock index rapidly erased overnight gains in the opening hours of the European session as traders reoriented themselves on the upcoming set of economic releases out of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Gains Across Broad Markets As The Dollar Falls

Posted: 31 May 2011 11:17 PM PDT

By ForexMansion.com
 
As full volume returned on Tuesday, the broader markets responded with mixed results. However today gains were seen within the currency and commodity markets as the dollar weakened while markets expect lower growth within the US manufacturing and jobs sectors.
The US witnessed bad economic numbers on Tuesday. The Chicago PMI, the S&P/CS composite-20 HPI and the consumer confidence were all disappointing. Today the US will start releasing the jobless numbers with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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