Wednesday, June 22, 2011

DailyMarkets.com - Credit Card Rewards – Are Men Really Pickier Than Women?

DailyMarkets.com - Credit Card Rewards – Are Men Really Pickier Than Women?

Credit Card Rewards – Are Men Really Pickier Than Women?

Posted: 22 Jun 2011 07:33 AM PDT

I recently read a very interesting survey carried out by Capital One (NYSE:COF) about the types of rewards credit card members like most and how we tend to accumulate and redeem those rewards. I was surprised to learn that only 22% of cardholders with rewards cards are completely satisfied with the rewards they can receive and their redemption options. When it comes to me personally, rewards are one of the key factors to consider when choosing which credit card to apply for.

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

USD/JPY Continues To Pressure 80.00 Ahead Of FOMC

Posted: 22 Jun 2011 07:18 AM PDT

USD/JPY

Short-Term to Medium Term- The USD/JPY continues to range between roughly 80.00 and 80.35. Ahead of the FOMC meeting, the pair is attacking the 80.00 support again.
- The downside is limited to 79.65.
- Only if the market pushes below that to end today's US session should bearish continuation be considered towards 77.90-77.95.
- This scenario should also push the 4H RSI reading below 30 to confirm bearish momentum in the short-term.
- On the other hand, the upside reversal is also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Erases Losses Ahead Of FOMC Decision

Posted: 22 Jun 2011 07:08 AM PDT

Forex Pros – The euro erased losses against the U.S. dollar in volatile trade on Wednesday, as investors positioned themselves ahead of the release of the Federal Reserve&rsquo;s interest rate announcement, which could pressure the greenback.<br /><br />EUR/USD clawed back from 1.4346, the pair&rsquo;s daily low, to subsequently consolidate at 1.4415 during U.S. morning trade, easing up 0.04%.&nbsp; <br /><br />The pair was likely to find support at 1.4301, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Reverts Back To MeeGo

Posted: 22 Jun 2011 07:06 AM PDT

When the whole world was waiting eagerly for Nokia's Windows Phone 7-based smartphones, Nokia Corporation (INTL). The newly launched unsubsidized mobile device is priced at $670 for 16GB handsets and $760 for 64GB handsets.
Earlier, Nokia took a historic decision to adopt Windows Phone 7 software for all its forthcoming smartphones, thereby sidelining its own less user-friendly operating system Symbian and the much-hyped Linux-based MeeGo software. But the company surprised everyone by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Eurozone Consumer Confidence Comes In At -10 Vs -10.4 Expectations

Posted: 22 Jun 2011 07:01 AM PDT

Last month the index came in at -9.8.  The slightly better than expected data ahs pushed the EURUSD above the resistance on the 5 minute … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vivus’ ED Drug On Track

Posted: 22 Jun 2011 06:57 AM PDT

Vivus Inc. (NASDAQ:VVUS) recently reported positive results from a late-stage trial, REVIVE-RP (TA-303), on avanafil. The study evaluated the safety and efficacy of avanafil in the treatment of erectile dysfunction (ED) following bilateral, nerve-sparing, radical prostatectomy.
The candidate met all the primary endpoints of the study, which included improvement from baseline in erectile function as measured by the Sexual Encounter Profile (both SEP2 and SEP3) and improvement in the International … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Hammering Out Fresh Record Lows Towards 1.3330

Posted: 22 Jun 2011 06:52 AM PDT

GBP/CHF

Short to Medium-Term- After the Bank of England meeting minutes were released in the European session. The sterling fell sharply across the board. The EUR/GBP surged, and the GBP/USD failed to establish a bottom.
- The GBP/CHF most prominently shows pound-weakness, hammering out fresh record lows.
- The 4H chart shows a break below a recent sideways consolidation. The pattern breakout target is 1.3330. Note that the RSI in the 4H chart failed to sustain a break above 60, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Jumps To 7-week High As Bernanke Comments Awaited

Posted: 22 Jun 2011 06:47 AM PDT

Forex Pros – Gold futures were up for a seventh day on Wednesday, jumping to a seven-week high as investors awaited the Federal Reserve&rsquo;s interest rate announcement and press conference later in the day. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,555.95 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walgreen’s Shocks Express Scripts

Posted: 22 Jun 2011 06:36 AM PDT

With just half a year left for the termination of the agreement, Express Scripts Inc. (NASDAQ:ESRX) recently announced that Walgreen Co. (NYSE:WAG) is not renewing its agreement with Express Scripts. In a move that has shocked Express Scripts, Walgreen will not be a part of Express Scripts' pharmacy provider network, effective January 1, 2012.
The company believes that Walgreen's current rates are not competitive as compared with its peers. In the coming few years the cost of non-specialty branded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Adobe Systems Incorporated, Aruba Networks, Peabody Energy, Cognizant Technology Solutions, Discover Financial Services, Google, Goldman Sachs Group, Nokia, Susquehanna Bancshares, Walgreen Company

Posted: 22 Jun 2011 06:36 AM PDT

    Walgreen Co. (NYSE:WAG) reported Q3 EPS of $0.65, above the Zacks Consensus Estimate of $0.62 per share. Revenues for the quarter grew 6.8% year-over-year to $18.37 billion, beating the Zacks Consensus Estimate of $18.277 billion

    Adobe (NASDAQ:ADBE) reported Q2 EPS of $0.55, higher than the Zacks Consensus Estimate of $0.42 per share. Revenues for the quarter rose 9% year-over-year to $1.02 billion, above the Zacks Consensus Estimate of $998.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Best Buy Ups Value

Posted: 22 Jun 2011 06:36 AM PDT

Best Buy Company Inc. (NYSE:BBY), in its attempt to optimize its shareholders' return, decided to employ its available free cash in raising its quarterly dividend and also approved a share buyback program.
The leading specialty retailer of consumer electronic products, home office products, entertainment software, appliances and related services, raised its quarterly dividend by approximately 7% to16 cents. The increased dividend will be paid on October 25, 2011 to shareholders of record as of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon’s Singapore Unit Deferred

Posted: 22 Jun 2011 06:36 AM PDT

Exxon Mobil Corp. (NYSE:XOM) has postponed the start-up of its 1 million tons-per-year (tpy) ethylene cracker in its second petrochemical complex in Jurong Island, Singapore by over a year. The operations, which were expected to start by the end of 2011, have been deferred to the later half of next year.
The setback is the consequence of the size and complications attached to the venture, which costs between $5 billion and $6 billion. A long drawn safety check that is much needed due to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro-boost Foiled After Greek Confidence Vote

Posted: 22 Jun 2011 06:35 AM PDT

An earlier in the week rally for risk that carried the euro higher on hopes that Prime Minister Papandreou would win the confidence of fellow lawmakers is proving premature. Investors now face a second hurdle as they await voting on a passage of stringent austerity measures that would cut government spending by €78 billion. Without this and several other hot-issues among the populace of Greece, the nation stands to forego the July phase of loans previously committed to by its partners. While … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Remains In Range As The FOMC Is Awaited.

Posted: 22 Jun 2011 06:33 AM PDT

The Greek vote of confidence vote last night was met with increased volatility.  However, apart from a  quick move above trendline resistance (see chart above), the price has remained in a confined range between channel support and channel resistance.  I am looking for the 1. 4443 level as the topside resistance today, while the 1.4356 is the current downside support.  
Looking at the 5 minute chart, clues to possible direction could be tightened to 1.4410 on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Stalls Ahead Of The FOMC Meeting

Posted: 22 Jun 2011 06:31 AM PDT

EUR/USD Pushes Above Declining Trendline to Test 50% Retracement(6/21)
EUR/USD

Short to Medium-Term- The EUR/USD has been in a rally since the middle of last week. Note the rally failed to push the RSI above 70. The market is now stalling near 1.4420, ahead of the FOMC meeting.
- If a USD-positive reaction follows the event risk, the EUR/USD should find topping. If there is a spike to the upside, it is still suspect until the market closes above 1.45.
- However, an inability to break above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pound Continues To Fall After BoE Minutes Suggest Further Easing

Posted: 22 Jun 2011 06:21 AM PDT

The Sterling struggled throughout the Asian and midway through the European session as minutes from the recent Bank of England meeting on June 9 suggested that the continued "softer-than-anticipated" economic data has weighed on the British economy. Most notably was the assessment that "there had remained little sign of higher CPI inflation," as exchange rates are directly affected by interest rate expectations revolving around the policy to contain inflation. Accordingly, with a softer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 22 Jun 2011 06:18 AM PDT

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

Swiss Franc: The Downside Prevails

Posted: 22 Jun 2011 06:18 AM PDT

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

Euro: Under Pressure

Posted: 22 Jun 2011 06:18 AM PDT

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

British Pound: Under Pressure

Posted: 22 Jun 2011 06:18 AM PDT

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

The Pause That Refreshes

Posted: 22 Jun 2011 06:18 AM PDT

Today’s Idea 6-22-2011
A quick look at the chart for August Gold shows prices once again attempting to test resistance at 1555.00, which if taken out, could set-up a run at the all-time highs. Some traders who look for Gold prices to rally but who expect stiff resistance at the 1600 level may wish to explore ratio spreads in Gold futures options. For example, with August Gold trading at 1544.50 as of this writing, the August Gold 1560 calls could be bought and 2 August Gold 1600 calls sold for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Rises Amid Caution Ahead Of Fed Meeting

Posted: 22 Jun 2011 06:12 AM PDT

Forex Pros – The Canadian dollar was down against its U.S. counterpart on Wednesday, as investors remained cautious ahead of the Federal Reserve&rsquo;s interest rate announcement and press conference later in the day. <br /><br />USD/CAD hit 0.9754 during early U.S. trade, a daily high; the pair subsequently consolidated at 0.9742, climbing 0.31%.<br /><br />The pair was likely to find support at 0.9669, the low of June 15 and a two-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WAG-ESRX Differ To Agree

Posted: 22 Jun 2011 06:11 AM PDT

With just half a year left for the termination of the agreement, Express Scripts Inc. (NASDAQ:ESRX) recently announced that Walgreen Co. (NYSE:WAG) is not renewing its agreement with Express Scripts. In a move that has shocked Express Scripts, Walgreen will not be a part of Express Scripts' pharmacy provider network, effective January 1, 2012.
The company believes that Walgreen's current rates are not competitive as compared with its peers. In the coming few years the cost of non-specialty branded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Air Products

Posted: 22 Jun 2011 06:05 AM PDT

We maintain our Neutral recommendation on Air Products and Chemicals Inc. (NYSE:APD) as it is well positioned to capitalize on the cyclical recovery in its core industrial end-markets. The company has sufficient capacity to meet the expected upturn in demand without incurring additional capital expenditures and has a leading position in the gases business.
Air Products delivered second-quarter 2011 earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.39. Net sales of $2.5 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH To Open Bidding For TerreStar

Posted: 22 Jun 2011 06:05 AM PDT

Yesterday, the U.S. bankruptcy court in Manhattan has permitted DISH Network Corp. (NASDAQ:DISH), the second largest satellite TV operator in the U.S., to open the bidding process for the auction of the currently bankrupt TerreStar Networks Inc. Earlier, DISH Network has made a cash offer of $1.375 billion for TerreStar. With this court judgment, DISH Network has become the "Stalking Horse" bidder for the bankrupt TerreStar. 
In the bankruptcy auction, which will be held on June 30, 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Fed In Focus

Posted: 22 Jun 2011 06:05 AM PDT

The positive stock market momentum of the last four days provides a favorable backdrop for Ben Bernanke’s second news conference, which takes place this afternoon. The Greek vote and solid earnings report from FedEx (NYSE:FDX) should help sustain the optimistic tone in the market. But the market’s focus will be on the Fed.

In Greece, the reshuffled cabinet of Prime Minister George Papandreou was able to get a vote of confidence from parliament. This opens the way for the release of the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Did Nokia Win The Battle Against Apple, But Lose The War?

Posted: 22 Jun 2011 06:00 AM PDT

by Tony D'Altorio, Investment U Research
Wednesday, June 22, 2011
A long-running dispute between two mobile phone giants – Nokia (NYSE:NOK) and Apple (NASDAQ:AAPL) – is over.
During the battle, each company had accused the other of stealing smartphone technology and infringing on patents.
But both companies reached a settlement last week. Apple will pay Nokia a one-time amount, estimated between $300 million and $600 million, to cover the 111 million iPhones sold since it came to market in 2007. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What’s Next For Europe After Greek Vote Of Confidence?

Posted: 22 Jun 2011 05:58 AM PDT

We got through one important hurdle in the Greek sovereign debt situation in that the Greek Prime Minister passed his vote of confidence by a slim margin.
From Bloomberg: "Lawmakers in Athens supported Papandreou in a 155-143 vote after the prime minister shuffled his Cabinet and sought the chamber's approval. The vote may bolster Greece's chances of securing a 12 billion-euro ($17 billion) loan payment, which hinges on support from European leaders and on Greece's ability to push … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Tumbles To 3-month Low On BoE Minutes

Posted: 22 Jun 2011 05:54 AM PDT

Forex Pros – The pound extended sharp losses against the yen on Wednesday, tumbling to a three-month low after minutes of the Bank of England&rsquo;s June Monetary Policy Committee meeting revealed more policymakers voted to keep interest rates at a record low.&nbsp; <br /><br />GBP/JPY hit 128.95 during European afternoon trade, the pair&rsquo;s lowest since March 18; the pair subsequently consolidated at 129.04, tumbling 0.97%. <br /><br />The pair was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Are Student Loans An Impending Bubble? Is Higher Education A Scam?: Part II

Posted: 22 Jun 2011 05:52 AM PDT

Few commentaries here at Sense on Cents have received as much attention as that which I wrote a few months ago highlighting issues within the student loan market and questioning the value and integrity of higher education. That commentary, Are Student Loans an Impending Bubble? Is Higher Education a Scam? hit a nerve on many fronts.
Today, our focus on this segment takes a new twist and we get a "behind the scenes" look at the intrigue and innuendo encompassing a hedge fund which would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Bangs On The 1.6094 Floor

Posted: 22 Jun 2011 05:46 AM PDT

Last week the price in the GBPSUD banged against the 1.6094 level and used the level as a floor for trading (a level to define risk). There was one lone hourly bar that moved below triggering stops, but that move quickly failed and the floor was reestablished. Now the price is back down testing this floor today.
A break should solicit additional selling in the pair with the next target being the 1.6023 level where the 200 day MA is currently located. The GBPUSD has traded above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fujifilm-Mitsubishi Enter Contract

Posted: 22 Jun 2011 05:25 AM PDT

Fujifilm Holdings Corporation (FUJIY.PK) and Mitsubishi Corporation (MSBHY.PK) entered into a partnership in the contract manufacturing business of biopharmaceuticals. Under this venture, Fujifilm agreed to transfer the ownership of 20% equity interests, in its pharma subsidiaries to the new partner, Mitsubishi Corporation.
Fujifilm's wholly-owned, biopharmaceutical contract manufacturing subsidiaries include FUJIFILM Diosynth Biotechnologies U.S.A. Inc. (FDBUS) and FUJIFILM Diosynth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Arris Still In Neutral Zone

Posted: 22 Jun 2011 05:25 AM PDT

We reaffirm our long-term Neutral recommendation on Arris Group Inc. (NASDAQ:ARRS). The company's first-quarter 2011 financial results failed to meet the Zacks Consensus Estimates. Arris is a leading provider of infrastructure solutions for broadband networks. The company's success is mostly dependent on the cable MSOs decision to install new networks or upgrade the existing networks. If the cable operators fail to compete effectively with other pay-TV service providers, then it will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Modestly Lower As Fed Eyed; Dow Dips 0.1%

Posted: 22 Jun 2011 05:21 AM PDT

Forex Pros – U.S. stock futures pointed to a modestly lower open on Wednesday, as market focus turned from Tuesday&rsquo;s parliamentary confidence-vote win by Greece&rsquo;s government to the Federal Reserve&rsquo;s rate decision due out later in the day. <br /><br />Dow Jones Industrial Average futures pointed to a modest decline of 0.1%, the S&amp;P 500 futures dipped 0.08%, while Nasdaq 100 futures shed 0.15%.<br /><br />Greece&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Accelerates Rally After BoE Meeting Minutes Show QE Discussion

Posted: 22 Jun 2011 05:12 AM PDT

Prev: EUR/GBP Forms an Inverted Head and Shoulder; Targets 0.8950 (6/21)
EUR/GBP

Short-Term to Medium-Term- The BoE meeting minutes showed a 7-2 vote to hold, with the 2 dissenting members voting for hikes. Use of Quantitative Easing was discussed as well.
- The market interpreted this as a dovish announcement, and the prospect of QE would also work to pressure the sterling.
- Meanwhile the Euro has been paring its recent losses.
- After the announcement, the EUR/GBP continued to surge … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dovish BOE Minutes Sink GBP In Today’s Trading

Posted: 22 Jun 2011 04:52 AM PDT

There was a foreshadowing yesterday that the BOE Minutes may be more dovish than expected as we had BOE Member Fisher saying that more quantitative easing is not off the table as a possible policy choice going forward.
The Minutes showed that the idea of using further asset pruchases to boost the economy is gaining traction among more BOE policy makers. The reason? The risk that the inflation will undershoot the BOE target of 2% in the next couple of years has risen according to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals Ahead Of Fed, Bernanke

Posted: 22 Jun 2011 04:28 AM PDT

Forex Pros – The U.S. dollar was up against most of its major counterparts on Wednesday, as optimism over a vote of confidence for Greece’s government faded and as investors shifted their focus to the Federal Reserve’s rate decision and briefing. <br /><br />During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.18% to hit 1.4384.<br /><br />Greece&rsquo;s parliament supported Prime Minister George Papandreou&rsquo;s new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Drops To 2-day Low After Dovish BoE Minutes

Posted: 22 Jun 2011 04:08 AM PDT

Forex Pros – The pound extended losses against the U.S. dollar on Wednesday, dropping to a two-day low after minutes of the Bank of England&rsquo;s most recent meeting showed more policymakers voted to keep interest rates at a record low. <br /><br />GBP/USD hit 1.6112 during European late morning trade, the pair&rsquo;s lowest since June 20; the pair subsequently consolidated at 1.6123, slumping 0.75%.<br /><br />Cable was likely to find support at 1.6077, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil To Follow Stocks As Gold Searches For Direction Ahead Of FOMC

Posted: 22 Jun 2011 03:55 AM PDT

Commodities – Energy
Crude Oil to Follow Stocks' Reaction to FOMC
WTI Crude Oil (NY Close): $93.40 // +0.14 // +0.15%
The WTI contract failed to fully capitalize on the run-up in risk appetite yesterday, held back by a preliminary set of API weekly inventory figures that showed the smallest drawdown in three weeks. Still, while follow-through has been disappointing, the overall implications of the bullish setup identified yesterday remain unchanged, with a break above initial resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Turns Lower As Greece Rally Ebbs

Posted: 22 Jun 2011 03:50 AM PDT

Forex Pros – The euro erased gains against the U.S. dollar on Wednesday, retreating from a one-week high as market focus turned from Tuesday&rsquo;s parliamentary confidence-vote win by Greece&rsquo;s government to next week&rsquo;s vote on harsh austerity measures.<br /><br />EUR/USD pulled back from 1.4433, the pair&rsquo;s highest since June 15; the pair subsequently consolidated at 1.4377 during European late morning trade, down 0.23%. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Edges Higher As Greek Vote, Fed In Focus

Posted: 22 Jun 2011 03:17 AM PDT

Forex Pros – The U.S. dollar was higher against the Swiss franc on Wednesday, as markets remained focused on a parliamentary confidence-vote win by Greece&rsquo;s government as well as the conclusion of the Federal Reserve’s policy committee meeting. <br /><br />USD/CHF hit 0.8432 during European morning trade, the daily high; the pair subsequently consolidated at 0.8423, climbing 0.2%.<br /><br />The pair was likely to find support at 0.8346, the low of June 14 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

InterQuest Returns To The Acquisition Trail With Contract Connections Deal

Posted: 21 Jun 2011 11:30 PM PDT

IT recruitment group Interquest (LON:ITQ) has acquired Contract Connections Ltd (CCL), a technology staffing business specialising in the provision of contract and permanent IT personnel to the legal sector. The company is paying a total consideration of up to £4.6 million for CCL, which is expected to be earnings enhancing in the first full year of ownership. The deal marks InterQuest's first acquisition since 2007 and the company said it was an indication of its growing confidence of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Daily Fundamental Analysis For June 22, 2011

Posted: 21 Jun 2011 04:14 PM PDT

By ForexMansion.com
The USD/CAD pair extended its drop on Tuesday, as rising optimism in financial markets supported confidence and boosted demand for higher yielding assets, moreover, rising crude oil prices supported the CAD and pressured the USD/CAD pair to drop, where optimism over the outlook of the European debt crisis increased ahead of a confidence vote for Greek Prime Minister.
Moreover, existing home sales in the United States fell but were better than expectations in May, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 23, 2011

Posted: 21 Jun 2011 04:08 PM PDT

By ForexMansion.com
The USD/JPY pair traded in a very tight range early Wednesday, as the dollar dropped again against the major currencies ahead of the FOMC decision, while the yen couldn't use this weakness due to lack of major moving momentum.
The Greek confidence vote increased demand for the euro and other high yielding currencies, as the market sentiment improved slightly after investors see some hope in the financial future of the Euro Zone.
On the other hand, greenback may continue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Bernanke Under Scrutiny

Posted: 21 Jun 2011 04:07 PM PDT

By ForexMansion.com
 
After Greek Prime Ministerwon the confidence vote in parliament, risk taking was back into the markets. The euro gained considerably last night on improved optimism as Greece managed to pass one critical challenge.
However as Greece will continue to face many other obstacles ahead, the euro/dollar will remain volatile, especially as market participants are eyeing the Fed’s decision and Bernanke 's press conference tonight.
George Papandeou won 155  votes of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 23, 2011

Posted: 21 Jun 2011 04:03 PM PDT

By ForexMansion.com
The NZ dollar (the Kiwi) has witnessed little changes after the NZ economy reported that the current account deficit narrowed in the first quarter.
The New Zealand economy is on a recovery curve, and the current account in New Zealand showed a narrowing deficit during the first quarter of the year. They recovery boosts profits for companies, which are forecasted to grow further on purchases of building materials to assist with the recovery of Christchurch from devastating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 23, 2011

Posted: 21 Jun 2011 03:58 PM PDT

By ForexMansion.com
The Australian dollar rebounded on Tuesday to compensate some of the losses, while the volatility and downside pressures were evident with the beginning of the session on Wednesday as the Greek prime minister won the confidence vote but did not disperse prevailing fears as the focus is on passing the austerity measures.
On the other hand, the Federal Reserve will keep its benchmark interest rate unchanged as the US economy slowed during the period, which kept the pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 23, 2011

Posted: 21 Jun 2011 03:57 PM PDT

By ForexMansion.com
The AUD/NZD pair continued its downside movement for the second day, where the New Zealand dollar showed some stability against the greenback and other major currencies, which gave it the chance to control the pair’s movement.
As for the economic situation in New Zealand, the economy is on the curve of recovery, after the current account in New Zealand showed a narrowing deficit during the first quarter of the year. However, the NZ economic recovery boosts profits at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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