DailyMarkets.com - EU Nod For Unilever’s Brand Sale
DailyMarkets.com - EU Nod For Unilever’s Brand Sale |
- EU Nod For Unilever’s Brand Sale
- Canadian Dollar: The Downside Prevails
- Australian Dollar: The Downside Prevails
- Navistar Gets Record Truck Order
- Ericsson Buys Telcordia
- Word From The Floor: Wall Street In The Red, Pandora Shares Surge
- EUR/JPY Confirms Bearish Breakout And Targets 113.85, 113.45 In The Short-term
- Crude Oil Futures Pare Losses After U.S. EIA Inventory Data
- Mid-America Buys Assets In Georgia
- Starwood Kept At Neutral
- Comcast Teams With Intel
- Stock Market Summary For Wednesday, June 15, 2011
- Forex Trading: GBPUSD Stays Above The Fibo Retracement. Tests 100 Day MA Level
- Forex – Dollar Up Vs. Rivals, Boosted By US. CPI Data, Greece Woes
- Natural Gas Futures Slide To 3-week Low On Mild U.S. Weather
- Forex – GBP/USD Extends Losses After U.S. Inflation Data
- Forex Trading: EURUSD Moves Toward Resistance Target Area At 1.4320-29
- Forex – EUR/USD Sharply Lower On Greece Concerns, U.S. Data
- Wednesday Links
- Pullback’s A B*tch: Gold And Silver Short-term Bottoms Tested
- Gold Futures Jump To 3-day High After U.S. Inflation Data
- HP’s New Notebooks Get AMD VISION
- Forex – USD/CAD Rises After Upbeat U.S. Inflation Data
- Odd Couples Sink Everything But The Dollar
- Let’s Go Bruins!!!
- Stock Market News Briefs: Apple, Avis Budget Group, Dollar Thrifty Automotive Group, Entropic Communications, Ferrellgas Partners, L.P., Hewlett-Packard Company, Intel, J.C. Penney Company Holding Company, Kaydon, Morgan Stanley, Nokia, Petroleum Development, GT Solar International, UBS AG
- Vertex In-Licenses HCV Candidates
- Office Depot To Launch Thrive
- Wednesdays With Wyckoff: How I Select A Stock For Investing
- Greenback Continues Gains Following Miss On CPI Data
- U.S. Industrial Production Rises Less-than-expected
- Is A Rally Brewing In Coffee Futures?
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- British Pound: Under Pressure
- Euro: The Downside Prevails
- Forex Trading: EURUSD Continues Fall Lower
- The Growth Debate Continues
- Apple Unlocks IPhone 4 In US
- 3M Settles Patent Litigation
- US CPI Data Comes In Hot In May Boosting USD, Empire Manufacturing Index Turns Negative
- U.S. TIC Long Term Purchases Rise Less-than-expected
- Stranded In Libya
- Forex – USD/JPY Extends Gains After U.S. Consumer Inflation Data
- Aussie Resilient To USD Strength But Finally Forms A Double Top In AUD/USD
- Empire State Manufacturing Index Plunges In June
- Forex Trading: USDCHF Breaks Higher As It Moves Past The Narrow Two Week Range
- U.S. Core CPI Rises More-than-expected In May
- U.S. Stock Futures Lower On Greece Uncertainty, U.S. Data; Dow Sheds 0.85%
- UK Employment Data Disappoints Undercutting Sterling
- Manpower On An Acquisition Spree
- A Boost To Nokia
- Brand Trademark Acquisition By CAG
- Forex Trading: USDJPY Moves Above Trendline Resistance. 80.68 Support Now
- EUR/USD Continues Downtrend With Swing Projections Targeting 1.4145 And 1.3820
- Euro-zone Financial Ministers End Emergency Meeting Divided, Euro Stumbles
- Forex – Dollar Rallies Vs. Rivals As Risk Sentiment Crumbles
- Cloud Computing: An Unstoppable Yet Vulnerable Force
- Forex – GBP/USD Drops To 2-day Low After Dismal U.K. Jobs Data
- Crude Oil Set To Follow S&P 500 Lower, Gold Under Pressure As Dollar Gains
- Forex – EUR/USD Extends Losses, Tumbling To 2-week Low
- Forex Trading: EUR/USD Completes Full Hourly Retracement
- Baltic Oil Terminals Shares Suspended Amid Accounts Problems
- Less Than Reassuring
- Forex News – Risk Aversion Take The Stance
- USD/JPY Daily Fundamental Analysis For June 16, 2011
- AUD/NZD Daily Fundamental Analysis For June 16, 2011
- AUD/USD Daily Fundamental Analysis For June 16, 2011
- NZD/USD Daily Fundamental Analysis For June 16, 2011
| EU Nod For Unilever’s Brand Sale Posted: 15 Jun 2011 08:25 AM PDT The European Union (EU) has shown the green flag to Colgate-Palmolive Co. (CL) to move ahead with its acquisition of the shower gel and deodorant brand Sanex for $980 million from Unilever Plc. (NYSE:UL).
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| Canadian Dollar: The Downside Prevails Posted: 15 Jun 2011 08:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Australian Dollar: The Downside Prevails Posted: 15 Jun 2011 08:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Navistar Gets Record Truck Order Posted: 15 Jun 2011 08:05 AM PDT Navistar International Corp (NYSE:NAV) recently bagged an order of 471 armored patrol trucks worth $357 million from the U.S. Marine Corps Systems Command. This order is considered to be the company's biggest request for its MaxxPro Dash vehicles, which will feature DXM independent suspension from this year.
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| Posted: 15 Jun 2011 08:05 AM PDT LM Ericsson Telephone Company (NASDAQ:ERIC) will acquire 100% of the shares of US based Telcordia from private equity firms Providence Equity Partners and LLC and Warburg Pincus, for $1.15 billion.
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| Word From The Floor: Wall Street In The Red, Pandora Shares Surge Posted: 15 Jun 2011 08:05 AM PDT 06/15/11 Equities declined on weak economic data and ongoing Euro-zone debt concerns. Pandora shares debuted on the NYSE, and shares soared at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/JPY Confirms Bearish Breakout And Targets 113.85, 113.45 In The Short-term Posted: 15 Jun 2011 07:54 AM PDT EUR/JPY Tests Wedge Pattern Support (6/10) Short-term to Medium-Term
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| Crude Oil Futures Pare Losses After U.S. EIA Inventory Data Posted: 15 Jun 2011 07:41 AM PDT Forex Pros – Crude oil futures pared losses on Wednesday, bouncing off the daily low after a government report showed that U.S. crude oil inventories fell more-than-expected last week. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in July traded at USD99.08 a barrel during U.S. morning trade, easing down 0.2%. <br /><br />It earlier fell as much as 1.1% to trade at a daily low of USD98.11 a barrel, as a broadly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Mid-America Buys Assets In Georgia Posted: 15 Jun 2011 07:40 AM PDT Mid-America Apartment Communities Inc. (MAA) recently acquired an upscale apartment community, the Avala, at Savannah Quarters located in Savannah, Geogia for an undisclosed amount. The acquisition was funded through proceeds generated from share offering and borrowings under the company’s current credit facilities.
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| Posted: 15 Jun 2011 07:35 AM PDT We are maintaining our long-term Neutral recommendation on Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), a leading worldwide hospitality company, which primarily focuses on property ownership, management and franchising.
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| Posted: 15 Jun 2011 07:35 AM PDT Comcast Corporation (NASDAQ:CMCSA), the largest cable MSO (multi-service operator) in the U.S, recently entered into an agreement with Intel Corporation (NASDAQ:INTC). As per the agreement, Comcast will use Intel's chipsets in its set-top boxes.
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| Stock Market Summary For Wednesday, June 15, 2011 Posted: 15 Jun 2011 07:30 AM PDT As we mentioned the Nasdaq Composite created a gap up in yesterday’s session that will be filled if it traded down to 2,658. This morning the Nasdaq Composite filled the gap at 2,658, traded as low as 2,650, and has bounded up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: GBPUSD Stays Above The Fibo Retracement. Tests 100 Day MA Level Posted: 15 Jun 2011 07:28 AM PDT The GBPUSD tested and held the 38.2% retracement level at the 1.6209 level on Friday June 10th and again on Monday June 13th. The 100 day MA at 1.6253 level today is also a key level to eye. The current price is at/near the 100 day MA, up from a low at 1.6226. The market is once again finding the support level (at 1.6209) difficult to break.
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| Forex – Dollar Up Vs. Rivals, Boosted By US. CPI Data, Greece Woes Posted: 15 Jun 2011 07:28 AM PDT Forex Pros – The U.S. dollar extended broad gains against its major counterparts on Wednesday, as concerns over Greek sovereign debt continued to curb risk appetite and after U.S. data showed that core inflation rose more-than-expected last month.<br /><br />During early U.S. trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.02% to hit 1.4293.<br /><br />Ratings agency Moody’s placed three of Frances largest lenders under review, pending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Futures Slide To 3-week Low On Mild U.S. Weather Posted: 15 Jun 2011 07:24 AM PDT Forex Pros – Natural gas futures were down for a third day on Wednesday, dropping to a three-week low amid expectations for reduced demand after forecasts showed mild weather in the Northeastern U.S. states next week.<br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.546 pr million British thermal units during U.S. morning trade, slumping 0.65%<br /><br />It earlier fell to USD4.522 per million British thermal units, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Extends Losses After U.S. Inflation Data Posted: 15 Jun 2011 07:22 AM PDT Forex Pros – The pound extended losses against the U.S. dollar Wednesday, after official data showed that U.S. core inflation posted its largest monthly gain in nearly three years last month.<br /><br />GBP/USD hit 1.6227 during early U.S. trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.6251, dropping 0.72%.<br /><br />Cable was likely to find short-term support at 1.6130, the low of May 25 and resistance at 1.6382, the days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Moves Toward Resistance Target Area At 1.4320-29 Posted: 15 Jun 2011 07:10 AM PDT Strikes and political turmoil in Greece. Prime Minister Papandreou is finding less support from his government which puts into question the austerity measures being passed. The measures are needed for the IMF to provide the next tranche payment. That is contingent on a viable plan from the EU as well. The uncertainty should keep the EURUSD under pressure.
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| Forex – EUR/USD Sharply Lower On Greece Concerns, U.S. Data Posted: 15 Jun 2011 07:10 AM PDT Forex Pros – The euro was sharply lower against the U.S. dollar on Wednesday, as uncertainty over Greece’s sovereign debt crisis weighed and after U.S. data showed that core inflation rose more-than-expected last month.<br /><br />EUR/USD hit 1.4265 during early U.S. trade, the pair’s lowest since May 30; the pair subsequently consolidated at 1.4302, tumbling 0.96%.<br /><br />The pair was likely to find support at 1.4124, the low of May 27 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jun 2011 06:59 AM PDT 1. John Goodman reports on free health care screenings, currently available at Sam’s Clubs, and comments that “In just three years you are going to be forced to buy insurance coverage for the very services Wal-Mart is giving away for free!” 2. Wendell Cox argues that land-use restrictions and planning policies like smart growth fueled property prices and became the engine of the housing boom and bust. 3. Tourism officials at Alabama beaches say taxes have been up for the past seven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Pullback’s A B*tch: Gold And Silver Short-term Bottoms Tested Posted: 15 Jun 2011 06:57 AM PDT Intra-day Double Bottoms Seen in Gold and Silver (6/15) Short-Term- Gold was seen developing double bottom action before the European session brought it back down towards its recent lows. This pullback invalidates the double bottom, but failed to break below the previous lows, suggesting that although the bullish intent is weak, the bearish one has also paused.
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| Gold Futures Jump To 3-day High After U.S. Inflation Data Posted: 15 Jun 2011 06:57 AM PDT Forex Pros – Gold futures erased early losses to trade at a three-day high on Wednesday, after official data showed that U.S. core consumer prices accelerated at the fastest pace in nearly three years in May, boosting the metal’s appeal as a hedge against inflation. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,533.25 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| HP’s New Notebooks Get AMD VISION Posted: 15 Jun 2011 06:55 AM PDT Hewlett-Packard Company (NYSE:HPQ) has introduced 11 new notebook models with AMD's latest VISION Technology targeting individual consumers, small and midsize businesses (SMBs) and large corporations. The new models are both affordable and performance oriented.
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| Forex – USD/CAD Rises After Upbeat U.S. Inflation Data Posted: 15 Jun 2011 06:37 AM PDT Forex Pros – The U.S. dollar was higher against its Canadian counterpart on Wednesday, after official data showed that U.S. core inflation rose more-than-expected last month, while Canadian manufacturing sales slipped.<br /><br />USD/CAD hit 0.9728 during early U.S. trade, the daily high; the pair subsequently consolidated at 0.9711, gaining 0.35%.<br /><br />The pair was likely to find support at 0.9654, the low of May 31 and resistance at 0.9770, Tuesday’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Odd Couples Sink Everything But The Dollar Posted: 15 Jun 2011 06:36 AM PDT There's no shortage of individual catalysts to drive foreign exchange prices midweek although the single conclusion is a strengthening of the U.S. dollar to its strongest in three weeks. A series of Odd Couples is behind today's market action as dealers attempt to pin down the relative strength of domestic units against the dollar.
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| Posted: 15 Jun 2011 06:35 AM PDT I contemplated writing this morning about a recent Supreme Court ruling which seriously derails the perceived notion that mutual funds are fully vested in protecting investors. That ruling is a real setback for investors; I beg your indulgence if I put off highlighting that story for another day. Why?
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| Posted: 15 Jun 2011 06:31 AM PDT Share prices of J.C. Penney (NYSE:JCP) rose 17.47% to close at $35.37 after the mid-market U.S department store chain said it has hired Ron Johnson as chief executive who will be taking over from November. Johnson is a senior vice-president at Apple, and has been successfully running the software major's retail stores for the last 11 years GT Solar International, Inc. (NASDAQ:SOLR) closed 9.52% higher at $13.35 after the company hiked its first-quarter revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Vertex In-Licenses HCV Candidates Posted: 15 Jun 2011 06:31 AM PDT Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently announced a worldwide licensing agreement with Alios BioPharma, Inc. for the latter's hepatitis C candidates ALS-2200 and ALS-2158. Both candidates are currently in preclinical trials and data from in vitro studies demonstrated that both had a synergistic effect when combined together and also when combined with Vertex Pharma's Incivek (telaprevir) and VX-222. Moreover, both candidates showed antiviral activity across all genotypes, or forms, of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jun 2011 06:31 AM PDT Office Depot Inc. (NYSE:ODP), known for offering its clients with the ground-breaking products to facilitate their business, recently announced the launch of Toshiba's Thrive tablet at its retail store locations, commencing from July 10, 2011.
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| Wednesdays With Wyckoff: How I Select A Stock For Investing Posted: 15 Jun 2011 06:27 AM PDT Switching gears for this week's "Wednesdays with Wyckoff" series, Richard Wyckoff not only contributed insights into the trading community, but also the broader investing world.
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| Greenback Continues Gains Following Miss On CPI Data Posted: 15 Jun 2011 06:24 AM PDT The U.S. Dollar soared in the overnight after disappointing data out of the United Kingdom, coupled with riots in Greece and greater-than-expected inflationary pressures in the United States in May boosted demand for the world's reserve currency. In fact, while the general tone of the market was not indicative of a complete move towards risk-aversion, there was clear distaste for the Euro and the Sterling, who were the two biggest losers at the time this report was written.
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| U.S. Industrial Production Rises Less-than-expected Posted: 15 Jun 2011 06:23 AM PDT Forex Pros – Industrial production in the U.S. rose less-than-expected in May, official data showed on Wednesday.<br /><br />In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.1% in May, after remaining flat in April. <br /><br />Analysts had expected industrial production to rise by 0.2% in May.<br /><br />The report showed that the capacity utilization rate was unchanged in May, holding steady at 76.7%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Is A Rally Brewing In Coffee Futures? Posted: 15 Jun 2011 06:18 AM PDT Today’s Idea
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| Swiss Franc: The Downside Prevails Posted: 15 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
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| Posted: 15 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
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| Posted: 15 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
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| Posted: 15 Jun 2011 06:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Continues Fall Lower Posted: 15 Jun 2011 06:14 AM PDT The EURUSD is heading toward the next target being the 61.8% of the move up from the mid May low, to the high. That level comes in at the 1.4246 level. A move below this level will next target on the daily chart the 100 day SMA which comes in at the 1.4142 level currently. The market tested this moving average in May, but held and moved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jun 2011 06:11 AM PDT Stocks will likely find it hard to sustain Tuesday’s broad gains as the reality of weak domestic growth and the Greek debt issue takes center stage…all over again. The key report this morning relevant to the domestic growth question was the weaker-than-expected June Empire State survey. This report is a proxy for the health of the manufacturing sector in the state of New York. The recent deceleration in the manufacturing sector, which had thus far been one of the best performing aspects of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jun 2011 06:11 AM PDT For the first time ever, Apple Inc. (NASDAQ:AAPL) will be selling the "unlocked" version of iPhone 4 in the US starting this week end, meaning that starting this quarter, the iPhone 4 will not be tied to a specified telecom network. The unlocked version is already available overseas. The new version of unlocked iPhones will be available through its online stores.
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| Posted: 15 Jun 2011 06:05 AM PDT 3M Company (NYSE:MMM) through its three companies 3M, 3M Innovative Properties Co., and 3M Canada has settled a patent litigation filed against Eurotex in Canada for infringing a 3M patent for reflective fire coat trim. The case was being fought in the Federal Court in Ottawa, Canada which ordered Eurotex to pay 3M for the past profits and gave a ruling against Eurotex. Eurotex has agreed to the commandment.
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| US CPI Data Comes In Hot In May Boosting USD, Empire Manufacturing Index Turns Negative Posted: 15 Jun 2011 06:05 AM PDT News out of the US this morning was broadly supportive of the USD, both as we had consumer inflation coming in hotter than expected, but also as weak manufacturing data increased the sense of risk aversion that we saw overnight which had already benefited the USD in overnight trading.
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| U.S. TIC Long Term Purchases Rise Less-than-expected Posted: 15 Jun 2011 06:05 AM PDT Forex Pros – U.S. Treasury International Capital purchases rose less-than-expected in April, official data showed on Wednesday.<br /><br />In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities rose to USD30.6 billion in April, after totaling USD24.0 billion in March. <br /><br />Analysts had expected purchases of long-term securities to increase to USD36.0 billion in April.<br /><br />Following … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jun 2011 06:04 AM PDT While most countries have rushed to evacuate their citizens from Libya in recent months, one country decided to leave 200 of their nationals stranded in Libya. Guess the country, it should be easy. Reason? “Out of fear that what they witnessed — a full-blown popular rebellion against Qaddafi’s dictatorship — could lead to a copycat rebellion back home,” according to a story in Foreign Policy. “The fear was obviously that these 200 would have a kind of a viral … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Extends Gains After U.S. Consumer Inflation Data Posted: 15 Jun 2011 05:55 AM PDT Forex Pros – The U.S. dollar extended gains against the yen on Wednesday, rising to a nine-day high after official data showed that U.S. core inflation posted its largest monthly gain in nearly three years last month.<br /><br />USD/JPY hit 81.06 during European afternoon trade, the pair’s highest since Monday; the pair subsequently consolidated at 80.87, advancing 0.48%.<br /><br />The pair was likely to find support at 79.83, the low of June 9 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Aussie Resilient To USD Strength But Finally Forms A Double Top In AUD/USD Posted: 15 Jun 2011 05:49 AM PDT AUD/USD Bottoms and Breaks Above Declining Trendline (6/13) - While other USD crosses like EUR/USD, GBP/USD and even USD/CHF displayed USD-strength, the AUD/USD was flat over the Asian-European session, but finally created a double top heading into the US session.
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| Empire State Manufacturing Index Plunges In June Posted: 15 Jun 2011 05:45 AM PDT Forex Pros – The New York Federal Reserve’s index of manufacturing conditions tumbled unexpectedly in June, falling into negative territory for the first time since November, official data showed on Wednesday.<br /><br />In a report, the Federal Reserve Bank of New York said that its general business conditions index tumbled to -7.8 in June from 11.9 in May. <br /><br />Analysts had expected the index to climb to 13.0 in June.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF Breaks Higher As It Moves Past The Narrow Two Week Range Posted: 15 Jun 2011 05:42 AM PDT The USDCHF has moved above the 2 week trading range that has contained the pair in a narrow range. The low over the last few weeks has been 0.8326. The high before today was 0.8466. The 140 pip range is very contained and suggests a non-trending market. The move above should lead to further directional momentum to the upside as long as the price can remain above support levels. The market should be prepared for a corrective trend.
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| U.S. Core CPI Rises More-than-expected In May Posted: 15 Jun 2011 05:42 AM PDT Forex Pros – Core consumer price inflation in the U.S. rose slightly more-than-expected in May, official data showed on Wednesday.<br /><br />In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.3% in May, after rising by 0.2% in April. <br /><br />Analysts had expected core CPI to rise by 0.2% in May.<br /><br />Core consumer prices rose at an annualized rate of 1.5% after accelerating at a rate of 1.3% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Stock Futures Lower On Greece Uncertainty, U.S. Data; Dow Sheds 0.85% Posted: 15 Jun 2011 05:40 AM PDT Forex Pros – U.S. stock futures pointed to a lower open on Wednesday, as ongoing uncertainty over a resolution to Greece’s debt woes weighed on sentiment, while investors digested reports on consumer price inflation and manufacturing activity in New York. <br /><br />Dow Jones Industrial Average futures pointed to a drop of 0.85%, the S&P 500 futures shed 0.83%, while Nasdaq 100 futures indicated a decline of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| UK Employment Data Disappoints Undercutting Sterling Posted: 15 Jun 2011 05:37 AM PDT Data from the UK labor market was very disappointing, as the number of Britons claiming unemployment benefits rose more than expected, highlighting the concern that the UK recovery remains fragile, and that conditions in the labor market will likely get worse before they get better as austerity measures come down the pipe, and economic activity is curtailed as a result of elevated inflation.
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| Manpower On An Acquisition Spree Posted: 15 Jun 2011 05:36 AM PDT Manpower Inc. (NYSE:MAN), one of the leading employment services provider is on an acquisition spree in China. In a recent development, the company announced the acquisition of the majority stake in REACH HR, a leading human capital contributor in manufacturing segment with 100,000 associates in Guangdong Province.
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| Posted: 15 Jun 2011 05:25 AM PDT Nokia Corp. (NYSE:NOK) finds something to celebrate at last. The beleaguered mobile phone manufacturer, who was the undisputed global market leader in this field just a couple of years ago, announced yesterday that it has settled all its patent related legal disputes with Apple Inc. (NASDAQ:AAPL), the iconic iPhone maker.
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| Brand Trademark Acquisition By CAG Posted: 15 Jun 2011 05:25 AM PDT ConAgra Foods Inc. (NYSE:CAG) acquired Marie Callender's brand trademarks from Marie Callender Pie Shops Inc., for $57.5 million. Marie Callender Pie Shops Inc. operates the Marie Callender's Restaurant & Bakery chain in California and the southwestern U.S. The rights were purchased from the restaurant operating company on June 9, 2011.
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| Forex Trading: USDJPY Moves Above Trendline Resistance. 80.68 Support Now Posted: 15 Jun 2011 05:21 AM PDT The USDJPY has moved above trendline resistance today at the 80.68 level and next has the 80.96 level as the target for the pair. The bulls would like to see the price stay above the trendline today to keep the bias in tact. A move above 80.96 opens the window for additional upside potential for the pair. On the hourly chart the pair has also shown some additional bullish confirmation with the break above the topside trendline in the channel (see chart above). That level comes in at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/USD Continues Downtrend With Swing Projections Targeting 1.4145 And 1.3820 Posted: 15 Jun 2011 05:19 AM PDT Stalking EUR/USD's Pullback from 1.4320 (6/14) Short to Medium-Term- The EUR/USD indeed stopped at the 1.45 level before continuing the downtrend.
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| Euro-zone Financial Ministers End Emergency Meeting Divided, Euro Stumbles Posted: 15 Jun 2011 05:03 AM PDT The Euro suffered overnight as talks between Euro-zone finance ministers did not come to a conclusion that brought clarity to the market. Euro-zone officials remains deeply divided over the issue of how much participation there should be by private credit-holders with Germany on one side demanded extending maturities of Greek debt, while France and the ECB are on the other side calling for any solution to avoid a "credit event" or default.
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| Forex – Dollar Rallies Vs. Rivals As Risk Sentiment Crumbles Posted: 15 Jun 2011 04:56 AM PDT Forex Pros – The U.S. dollar rallied against its major counterparts on Wednesday, as ongoing uncertainty over how to resolve the Greek sovereign debt crisis curbed investor demand for higher yielding assets.<br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.95% to hit 1.4301.<br /><br />Ratings agency Moody’s placed three of Frances largest lenders under review, pending possible downgrades due to their exposure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Cloud Computing: An Unstoppable Yet Vulnerable Force Posted: 15 Jun 2011 04:30 AM PDT Cloud Computing: An Unstoppable Yet Vulnerable Force
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| Forex – GBP/USD Drops To 2-day Low After Dismal U.K. Jobs Data Posted: 15 Jun 2011 04:29 AM PDT Forex Pros – The pound extended losses against the U.S. dollar on Wednesday, after official data showed that the number of people in the U.K. claiming unemployment benefits rose at the fastest pace in almost two years last month.<br /><br />GBP/USD hit 1.6249 during European early afternoon trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.6268, shedding 0.62%.<br /><br />Cable was likely to find short-term support at 1.6212, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Set To Follow S&P 500 Lower, Gold Under Pressure As Dollar Gains Posted: 15 Jun 2011 04:08 AM PDT Commodities – Energy
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| Forex – EUR/USD Extends Losses, Tumbling To 2-week Low Posted: 15 Jun 2011 03:47 AM PDT Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, tumbling to a two-week low as ongoing uncertainty over a resolution to Greece’s sovereign debt crisis weighed.<br /><br />EUR/USD hit 1.4300 during European late morning trade, the pair’s lowest since May 31; the pair subsequently consolidated at 1.4313, dropping 0.88%.<br /><br />The pair was likely to find support at 1.4124, the low of May 27 and resistance at 1.4450, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EUR/USD Completes Full Hourly Retracement Posted: 15 Jun 2011 03:21 AM PDT The EUR/USD pair has come off a little over 100 points this session as negative comments, on Greece, continue to come out of the Eurozone. We see from an hourly perspective that the pair had begun to form a bullish channel on the 10th, but the pair made a break-out to the downside at the start of the trading day. A full retracement of the move from June 10th lows to yesterday's high was completed a short while ago after the pair traded down through the 1.43202 level. 1.4282 is the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Baltic Oil Terminals Shares Suspended Amid Accounts Problems Posted: 15 Jun 2011 01:36 AM PDT Shares in AIM quoted Baltic Oil Terminals (LON:BTC) were suspended from trading this morning because the company is set to miss a deadline later this month to send out its audited accounts to shareholders. The problem emerged after Baltic was forced to reconstruct the accounting records at its operations in Kaliningrad, Russia, after financial irregularities were identified. Under AIM rules, Baltic is obliged to post its accounts for the year ended December 31, 2010 by June 30. It is understood … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jun 2011 07:33 PM PDT As the following reports suggest, government officials (and others who are supposedly in the know) believe there’s little reason to worry about the downside risks to the economy.
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| Forex News – Risk Aversion Take The Stance Posted: 14 Jun 2011 04:22 PM PDT By ForexMansion.com
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| USD/JPY Daily Fundamental Analysis For June 16, 2011 Posted: 14 Jun 2011 03:50 PM PDT By ForexMansion.com
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| AUD/NZD Daily Fundamental Analysis For June 16, 2011 Posted: 14 Jun 2011 03:47 PM PDT By ForexMansion.com
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| AUD/USD Daily Fundamental Analysis For June 16, 2011 Posted: 14 Jun 2011 02:48 PM PDT By ForexMansion.com
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| NZD/USD Daily Fundamental Analysis For June 16, 2011 Posted: 14 Jun 2011 02:47 PM PDT By ForexMansion.com
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